The Nifty opened at 15002.45 with a gap up of 64 points. The index first rallied and recorded its intraday high at 15111.15. After that prices fell down. Prices have seen a sharp decline of more than 150 points in just one hour of trading. In the second half, prices have traded very narrow and choppy. The index finally closed at 14956.20 near Fridays closing price with minor gain of 18 points. Media and Metals have led the bulls while the Realty and FMCG have led the beards. Banks and Financials were subdued. The Nifty ended flat near 14950 without much of a change. In the first half Prices have traded very volatile while in the second half the index traded very choppy and narrow. Prices have been trading inside a large range within 14650-15200. A breakout in either direction may give us a trading opportunity.
For today we should look for a trading opportunity in the direction of the breakout. Buy above 15200 or sell short if prices break below 14650. Take a stop of 120 points and a target of 300 points. Take this trade after the first 15 minutes around 9.30 am.
Bank Nifty opened at 35642.45 with a gap up of 124 points. The index rallied further and recorded its intraday high at 35827.30. Around 10:10 AM, prices started moving downwards and recorded its intraday low at 35090.75. The index spends its second half by moving narrow and sideways and finally closed at 35307.05 without much of a change. PSU Banks have outperformed and closed higher by 1.59%. Private Banks closed without much of a change. Within the index, in terms of points, Axis Bank contributed highest while Kotak the lowest. It was a choppy day in the index where prices have moved and finally settled near its opening tick. We have identified a trading range of about 1500 points with 35000 support and 36500 resistance. Take a trade in the direction of the breakout.
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|INFY||1335.75||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought bat CMP with a stop at 1315 and for the target 1370|
|LT||1515.2||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1495 and for the target 1540|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|JSWSTEEL||410 CE||BUY||18.4||CMP||15||24||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ULTRACEMCO.21.03 Mar||6804||0.26||14.38||1689600||FINNIFTYW.21.03 Mar||16397.45||-1.15||335||3480|
|KOTAKBANK.21.03 Mar||1913||0.97||8.66||14838800||WIPRO.21.03 Mar||421.65||-4.07||34.73||38585600|
|GAIL.21.03 Mar||146.2||1.49||8.26||31488200||PIIND.21.03 Mar||2241.05||-1.46||29.13||307000|
|COLPAL.21.03 Mar||1639.4||0.72||7.56||3485300||CUMMINSIND.21.03 Mar||838.95||-5.56||24.34||1796400|
|VEDL.21.03 Mar||221.55||3.29||5.73||110267000||APOLLOHOSP.21.03 Mar||2895.15||-5.39||22.21||1694500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|PFIZER.21.03 Mar||4645||0.38||-9.02||30250||BHEL.21.03 Mar||52.8||-3.21||-12.43||114681000|
|ICICIGI.21.03 Mar||1500||1.56||-2.06||888250||NAM-INDIA.21.03 Mar||353||-2.74||-10.89||1806400|
|MARUTI.21.03 Mar||7270||1.66||-0.23||2848300||TRENT.21.03 Mar||881.25||-5.13||-7.14||433550|
|NESTLEIND.21.03 Mar||16816.85||0.68||-0.17||324850||BOSCHLTD.21.03 Mar||14990||-2.27||-5.37||92550|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Pfizer Ltd.||4634.75||0.52||38709||25726||61.3||Nifty Fmcg||33360.3||-0.25||81042|
|Hindustan Unilever Ltd||2201.1||0.19||2129837||1404059||61.29||Nifty Energy||19428.2||-0.41||81042|
|Alembic Pharmaceuticals||917||-0.62||295260||287030||61.26||Nifty Media||1732.15||-0.86||81042|
|Britannia Ind Ltd.||3491.75||-0.29||612423||322909||60.1||Nifty Auto||10524.4||-0.95||81042|
|Hdfc Ltd.||2543.9||-1.51||4254126||3086674||58.07||Nifty 50||14938.1||-0.95||81042|
|Icici Lombard General In||1495.55||1.65||741576||176055||57.97||Nifty Pharma||12192.75||-1.29||81042|
|Godrej Cons Products Ltd||691.3||-0.15||1304207||791052||57.5||Nifty Realty||357.7||-1.42||81042|
|Dabur India Ltd.||524.4||0.04||3785627||2479918||57.47||Nifty it||25229.6||-1.57||81042|
|Kotak Mahindra Bank Limi||1922.5||1.31||5407986||2293432||57.01||Nifty Bank||35228.15||-1.6||81042|
|Icici Prudential Life In||483.5||-2.84||1777392||1689798||56.1||Nifty Metal||3869.4||-2.7||81042|
Upcoming Economic Data
|INR: Industrial Production (YoY) (Jan) on 12th March, 2021
INR: CPI (YoY) (Feb) on 12th March, 2021
|•USD : EIA Short-Term Energy Outlook on 9th March, 2021
•USD: Core CPI (MoM) (Feb) on 10th March, 2021
Get Stock Market Recommendation By Our Research Analysts
|•Tata Motors, Ashok Leyland and Mahindra and Mahindra are among atleast six companies looking to buy government’s 26 per cent stake in state-run defence and construction equipment manufacturer BEML Ltd. Besides, Bharat Forge Ltd and Megha Engineering and Infrastructure Ltd are also likely to submit Expression of Interest (EoI) for acquiring stake in the company, Mint reported citing sources.
•Tata Motors on Monday said its shareholders have approved hiving off its passenger vehicles business into a separate entity. On March 5, the shareholders of the company voted to consider and approve the transfer of the passenger vehicles business unit to TML Business Analytics Services Ltd as a going concern on a slump sale basis for a lump sum consideration.
•Adani Green Energy on Monday said its arm Adani Wind Energy Kutch Three Limited (AWEKTL) has commissioned a 100 megawatt (MW) wind power plant located at Kutch, in Gujarat. With the successful commissioning of this plant, the company has an operational wind generation capacity of 497 MW.
•After tepid growth in January, following two months of consecutive decline, February saw life insurers, 24 in total, recording impressive 21 per cent growth in new business premiums (NBP) to Rs 22,425.21 crore, compared with Rs 18,533.19 crore in the same period, a year ago.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AUTOLITIND||Preferential Issue ;Quarterly Results||09-Mar-21||IMPEXFERRO||General||10-Mar-21|
|MINDSPACE||General||09-Mar-21||QUICKHEAL||Buy Back ;ESOP||10-Mar-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|KEI||09-Mar-21||Interim Dividend – Rs. – 2.00||KIRLFER||10-Mar-21||Interim Dividend – Rs. – 2.00|
|SELMCL||09-Mar-21||Resolution Plan -Suspension||MARICO||10-Mar-21||Interim Dividend – Rs. – 4.50|
|THANGAMAYL||09-Mar-21||Interim Dividend – Rs. – 6.00||WANBURY||10-Mar-21||E.G.M.|
|TRIOMERC||09-Mar-21||Bonus issue 1:6||WEPSOLN||10-Mar-21||Right Issue of Equity Shares|
|TRIOMERC||09-Mar-21||Stock Split From Rs.10/- to Rs.2/-||COALINDIA||15-Mar-21||Interim Dividend – Rs. – 5.00|
|DICIND||10-Mar-21||Final Dividend – Rs. – 6.00||SOUTHBANK||15-Mar-21||E.G.M.|
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