The Nifty opened at 15773.90 with a gap up of 22 points. The index recorded its intraday high a few ticks above the opening prices and saw a sharp decline. Prices have moved down almost 100 points in the next one hour of trading and recorded its intraday low at 15680. Prices spend the rest of the day moving volatile and range bound and finally closed at 15740. The IT and FMCG sectors have performed well and closed higher while Bank and Metals have underperformed and closed lower.
The Nifty traded very volatile and closed without much change. The index keeps on moving narrow from the last few trading days. We have mentioned that a trading opportunity may emerge either after a dip or brief consolidation. A range of 15600-15800 has been developed in the index for the last four days. A breakout from this range will give us a trade. Look to buy above 15800 or sell short below 15600. Keep a stop of 90 points or target of 210 points.
Bank Nifty opened at 35433.80 with a minor gap up. The index recorded its intraday high near the opening tick and started drifting downwards. PSU and Private Banks both have seen a decline and closed lower by almost 1%. Within the index, in terms of points, RBL Bank contributed highest while ICICI Bank the lowest.
We have suggested a trade and the trade is to buy above 35900 or sell short below 34800.
Trade AnyTime AnyWhere With Elite Empower Mobile App
|TATAMOTORS||352.75||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 345 and for the target 362|
|DEEPAK NITRITE||1825.65||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1795 and for the target 1865|
Get All Your Mutual Fund Portfolio Retuns on Your Mobile by Elite Kuber App
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|SUNPHARMA||680 CE||BUY||17.65||CMP||14||24||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|PFIZER.21.06 Jun||5474||4.96||51||272375||FINNIFTYW.21.06 Jun||16612.85||-0.77||38.89||1000|
|UBL.21.06 Jun||1380.05||1.97||24.59||1947400||CUB.21.06 Jun||166.35||-1.04||12.83||7715900|
|TORNTPOWER.21.06 Jun||466.5||1.82||22.96||2820000||SIEMENS.21.06 Jun||2116.55||-0.27||10.57||1038125|
|LTI.21.06 Jun||4011.45||2.67||21.16||654450||SRTRANSFIN.21.06 Jun||1474||-0.9||8.47||4817600|
|NAVINFLUOR.21.06 Jun||3425||6.21||20.6||371475||HAVELLS.21.06 Jun||1041.45||-1||8.28||4115000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|BHARATFORG.21.06 Jun||761.7||1.29||-6.95||8029500||EXIDEIND.21.06 Jun||197.6||-0.15||-2.69||11736000|
|RBLBANK.21.06 Jun||217.7||0.07||-4.26||25267700||TVSMOTOR.21.06 Jun||647.4||-0.5||-2.42||6608000|
|BOSCHLTD.21.06 Jun||15914.05||1.31||-3.64||99400||COALINDIA.21.06 Jun||156.5||-0.41||-2.42||49261800|
|IBULHSGFIN.21.06 Jun||252.5||1.71||-2.92||30690000||SBILIFE.21.06 Jun||982.85||-1.09||-1.35||6290250|
|TRENT.21.06 Jun||864.85||0.48||-2.74||901175||CONCOR.21.06 Jun||715.5||-0.96||-1.27||7153851|
Get Stock Market Recommendation By Our Research Analysts
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2359||0.84||1106664||794272||70.4||Nifty it||27623.8||1.2||90465|
|Icici Lombard General In||1467.7||1.62||586141||455076||65.54||Nifty Pharma||14189.85||0.86||90465|
|Hcl Technologies Ltd.||967.2||1.85||6385642||2075799||63.24||Nifty Media||1854.75||0.85||90465|
|Infosys Limited||1412.95||1.68||7360630||3234781||62.76||Nifty Realty||355.8||0.85||90465|
|Tata Consultancy Serv Lt||3200.15||0.53||2574057||1587945||62.03||Nifty Fmcg||35672.45||0.84||90465|
|Sbi Life Insurance Compa||979.85||-0.88||3262160||428255||61.72||Nifty Auto||10873.9||0.62||90465|
|Hdfc Ltd.||2554.5||-1.21||3046814||1358166||61.12||Nifty Energy||20745||0.01||90465|
|Mah & Mah Ltd.||807.85||0.5||2960405||1816871||60.67||Nifty 50||15740.1||-0.07||90465|
|Aarti Industries Ltd.||1771.65||3.56||1573536||480790||60.33||Nifty Bank||35085.3||-1.01||90465|
|The Ramco Cements||997.4||0.89||453088||440820||59.37||Nifty Metal||5258.9||-1.06||90465|
UPCOMING ECONOMIC DATA
|INR: Industrial Production YoY APR on 11th June, 2021
INR: Foreign Exchange Reserves on 11th June, 2021
|•USD : Crude Oil Inventories on 9th June, 2021
•USD Core CPI (MoM) (May) on 10th June, 2021
- The National Company Law Tribunal has cleared the acquisition of bankrupt Videocon Industries to Anil Agarwal owned firm, Twinstar Technologies. Twinstar had offered to pay Rs 2,962 crore to the lenders of Videocon Industries which was saddled with massive debt of Rs 46,000 crore. A Videocon official said Videocon Oil, Trend Electronics and KAIL’s resolution processes are also going on and banks will recover dues from these three companies separately.
- Glenmark Life Sciences Ltd and Utkarsh Small Finance Bank have got approval from the Securities and Exchange Board of India to raise funds via initial public offering. Glenmark Life Sciences’ IPO consists of a fresh issue of shares worth ₹1,160 crore and an offer for sale of up to 7.31 million shares by parent Glenmark Pharmaceuticals Ltd. Utkarsh Small Finance plans to raise nearly ₹1,350 crore through its public offering. Its IPO comprises a fresh issue of ₹750 crore and an offer for sale by Utkarsh Coreinvest of up to ₹600 crore.
- India’s General Insurance (GI) industry saw its growth slow down to 4% to Rs1.85 trillion in financial year 2020-21 (FY21) from Rs1.78 trillion in FY20, largely the result of the coronavirus pandemic which had led to a stringent nationwide lockdown last year, credit rating agency Icra said.
- Having reported stellar numbers for the March ended quarter, Jindal Steel and Power Ltd (JSPL) has continued to post strong production numbers. Output rose 31% year-on-year (yoy) to 13.71 lakh tonnes during Apr-May. Sales, however, took a hit due to lockdowns imposed by state governments to contain the second wave of the pandemic.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BAJAJHCARE||Final Dividend;Audited Results||09-Jun-21||PSITINFRA||General;Audited Results||09-Jun-21|
|BATAINDIA||Audited Results;Dividend||09-Jun-21||RELTD||Audited Results||09-Jun-21|
|DLTNCBL||Quarterly Results;Audited Results||09-Jun-21||SADHNANIQ||Bonus issue;Audited Results||09-Jun-21|
|DYNAMIC||Final Dividend;Audited Results||09-Jun-21||SAGRSOY-B||Audited Results||09-Jun-21|
|GAIL||Audited Results||09-Jun-21||SCFL||Reduction of Capital;Audited Results||09-Jun-21|
|GSS||Audited Results||09-Jun-21||SHIVAMAUTO||Right Issue;Audited Results||09-Jun-21|
|HPCOTTON||Audited Results||09-Jun-21||STARCEMENT||Audited Results||09-Jun-21|
|IMFA||Final Dividend;Audited Results||09-Jun-21||SWISSMLTRY||General||09-Jun-21|
|INDRAMEDCO||Audited Results||09-Jun-21||TANAA||Audited Results||09-Jun-21|
|INTEGFD||Quarterly Results||09-Jun-21||TAVERNIER||Audited Results||09-Jun-21|
|INVENTURE||Audited Results||09-Jun-21||TEAMLEASE||Audited Results||09-Jun-21|
|MONEYBOXX||General;Audited Results||09-Jun-21||TIAANC||Bonus issue||09-Jun-21|
|MUKTA||Audited Results||09-Jun-21||UNIOFFICE||Audited Results||09-Jun-21|
|MUNJALAU||Final Dividend;A.G.M.; Results||09-Jun-21||VBDESAI||Audited Results||09-Jun-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|HUHTAMAKI||09-Jun-21||Final Dividend – Rs. – 3.00||NAM-INDIA||10-Jun-21||Final Dividend – Rs. – 5.00|
|RALLIS||09-Jun-21||Final Dividend – Rs. – 3.00||SHREDIGCEM||10-Jun-21||Dividend – Rs. – 2.50|
|VIKASECO||09-Jun-21||Right Issue of Equity Shares||TATACONSUM||10-Jun-21||Final Dividend – Rs. – 4.0500|
|ASIANPAINT||10-Jun-21||Final Dividend – Rs. – 14.50||VBL||10-Jun-21||Bonus issue 1:2|
|GHCL||10-Jun-21||Final Dividend – Rs. – 5.50||VTMLTD||10-Jun-21||Dividend – Rs. – 0.60|
|ITC||10-Jun-21||Final Dividend – Rs. – 5.7500||BAJAJCON||11-Jun-21||Final Dividend – Rs. – 4.00|
Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014
Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, email@example.com
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.Company-Specific Disclosures Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in , or e-mailing firstname.lastname@example.org with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail email@example.com.Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person. Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, advisory board member or employee of any company in the analyst’s area of coverage. Country Specific Disclosures India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL Advisory discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
a) EWL Advisory or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL Advisory or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL Advisory or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL Advisory or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL Advisory or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL Advisory or its associates have not received any compensation for products or services other than investment banking
or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL Advisory or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL Advisory
Provided that research analyst or research entity shall not be required to make a disclosure as per sub-clauses (c), (d) and (e) of clause (ii) or sub-clauses (a) and (b) of clause (iii) to the extent such disclosure would reveal material non-public information regarding specific potential future investment banking or merchant banking or brokerage services transactions of the subject company.
(4) EWL Advisory or its proprietor has never served as an officer, director or employee of the subject company;
(5) EWL Advisory has never been engaged in market making activity for the subject company;
(6) EWL Advisory shall provide all other disclosures in research report and public appearance as specified by the Board under any other regulations.