Outlook-14-09-2021NIFTY:

The Nifty opened at 17363.55 without much of  a gap. Prices first moved up but that rally fizzled out quickly the index trend down. The index moved down more than 100 points in the first hour of trading and recorded its intraday low at 17269.15. Prices then bounced up from that low and rallied more than 100 points. Prices have broken its early morning highs and recorded its intraday high at 15378.35 and finally closed at 17355.30 with a loss of 13.95 points. The Banks and Financial have underperformed and ended with a loss. Metal and Media was the outperformed and ended with a gain of more than 1%. IT alspo performed well and ended almost 1% higher.

The Nifty started the week by trading narrow and ended with a marginal loss. The short term trend is still up. Prices have been very volatile as they have seen a move of more than 100 points in both directions.

For the last seven trading days, the index has been moving within a range of just 200 points inside 17250-17450. Traders should look to buy above 17450 or a dip below 17250. Keep a stop of 110 points and a target of 220 points.

BANK NIFTY:

Bank Nifty opened at 36608.45 with a gap down of 60 points. The index first moved up filled the gap and then recorded its intraday high at 36724.85 within the first 5 minutes of trading. Prices then saw a sharp fall for the next one hour and recorded its intraday low at 36327.05. The index then moved narrow, choppy and sideways. Private and PSU Banks both have performed almost same and ended with a loss of 0.53% and 0.41% respectively. Within the index, Kotak Bank contributed highest while ICICI bank the lowest.

A range of 36200 and 37000 remained intact.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
TATASTEEL 1463.45 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1440 and for the target 1490
BPCL 498.10 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 492 and for the target 508

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
L&TFH 85 CE BUY 3 CMP 2.2 4.50 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SYNGENE.21.09 Sep 673.5 6.45 66.92 1668550 SBILIFE.21.09 Sep 1162.2 -0.85 15.8 12381750
POLYCAB.21.09 Sep 2447.8 2.32 26.01 686100 GUJGASLTD.21.09 Sep 679.5 -0.41 11.61 4012500
IPCALAB.21.09 Sep 2607 3.19 24.26 208575 SAIL.21.09 Sep 118.9 -1.57 8.08 171228000
OFSS.21.09 Sep 4860.05 1.43 11.25 506750 TECHM.21.09 Sep 1433.9 -0.3 6.48 10552200
EXIDEIND.21.09 Sep 183.9 0.66 10.18 34250400 DABUR.21.09 Sep 639.3 -0.2 5.85 11303750
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
MUTHOOTFIN.21.09 Sep 1546 0.23 -3.96 2874750 TRENT.21.09 Sep 1008.1 -1.78 -2.42 2020575
COROMANDEL.21.09 Sep 836 2.34 -2.38 1894375 IDEA.21.09 Sep 7.95 -5.92 -2.01 761670000
NAVINFLUOR.21.09 Sep 4033.9 1.62 -1.81 465075 NAUKRI.21.09 Sep 6624.65 -1.14 -1.41 1064375
GRASIM.21.09 Sep 1605.2 0.27 -1.17 10488000 HDFCLIFE.21.09 Sep 737.05 -0.13 -1.24 18718700
ITC.21.09 Sep 214.4 0.54 -1.07 161334400 NAM-INDIA.21.09 Sep 436.85 -0.85 -1.24 4574400

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Cipla Ltd 950.45 0.12 865538 2688693 71.34 Nifty Media 1724.25 1.34 86754
Hdfc Ltd. 2849.8 0.7 3283960 1321975 66.53 Nifty Metal 5839.3 1.29 86754
Dr. Reddys Lab Ltd 4931.4 0.39 298653 240995 66.5 Nifty it 35129.6 0.94 86754
Hdfc Bank Ltd. 1555.55 -0.83 4479582 2668239 64.68 Nifty Realty 420.3 0.65 86754
Hdfc Life Insurance Comp 734.9 -0.33 2883674 1847844 64.43 Nifty Pharma 14377.05 0.33 86754
Bajaj Auto Limited 3699.55 -0.03 342427 306209 63.86 Nifty Auto 10120.15 0.07 86754
Lupin Limited 984.1 0.23 694262 663103 63.82 Nifty Fmcg 40592.35 0.04 86754
Divi S Laboratories Limi 5085.2 0.6 351984 235175 62.94 Nifty 50 17355.3 -0.08 86754
Hcl Technologies Ltd. 1208.4 0.82 3723138 2089217 61.66 Nifty Bank 36471.8 -0.58 86754
Tech Mahindra Limited 1429.5 -0.26 1937241 1371901 59.56 Nifty Energy 20988.6 -0.76 86754

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: WPI Inflation (YoY) (Aug) on 14th September, 2021

INR: Trade Balance (Aug) on 15th September, 2021

•USD: Core CPI (MoM) (Aug) on 14th September, 2021

•USD: Crude Oil Inventories on 15th September, 2021

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News Updates

•India’s retail inflation in August marginally eased to 5.3%, staying within Reserve Bank of India’s comfort zone for a second month, government data showed on Monday. The consumer price inflation was at 5.60% in August, little changed from a three-month low of 5.59% in July. Inflation is within RBI’s 2%-6% comfort range for a second month. But it has been above the medium-term target of 4% for nearly two years.

•Tata Motors on Monday said it has launched the CNG version of its light commercial vehicle Tata 407 priced at Rs12.07 lakh (ex-showroom, Pune). Tapping into the benefits of CNG, the vehicle offers profits of up to 35 per cent over the diesel variant, Tata Motors said in a statement.

•Aluminum reached $3,000 a ton in London for the first time in 13 years amid expectations that supply disruptions are here to stay, while demand keeps rising.  The metal has surged about 15% over the past three weeks as supply risks increase throughout the industry, from bauxite mining in Guinea and alumina refining in Jamaica to aluminum smelting in China and beyond.

•Vedanta Resources Ltd (VRL) on Monday announced that the company has reduced its net debt by USD 300 million in the first half of this fiscal and expects to further reduce its debt by USD 500 million in the second half of FY’22. With the entire debt repayment at Volcan, the pledge on all the equity shares of VRL has been released, the company said in a statement.

Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

Board Meetings

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
GPIL Bonus issue;Stock  Split;General 14-Sep-21 SUPREMEINF Quarterly Results;Audited Results 15-Sep-21
INDOGLOBAL Audited Results 14-Sep-21 SMAUTO General 16-Sep-21
SCAPDVR Preferential Issue of shares 14-Sep-21 3MINDIA Amalgamation;Scheme of Arrangement 17-Sep-21
STAMPEDE Preferential Issue of shares 14-Sep-21 BAJAJHLDNG Interim Dividend 17-Sep-21
TTFL Increase in Authorised Capital 14-Sep-21 VIDLI Right Issue of Equity Shares 17-Sep-21
ARSSINFRA Quarterly Results 15-Sep-21 KANPRPLA Bonus issue 18-Sep-21
BLSINFOTE General 15-Sep-21 WANBURY Quarterly Results 20-Sep-21
BUDGE BUDGE Voluntary Delisting of Shares 15-Sep-21 QGO General 21-Sep-21
CRAFTSMAN General 15-Sep-21 GRMOVER Stock  Split;General 23-Sep-21
GAMMONIND Quarterly Results 15-Sep-21 COROENGG General;Reduction of Capital 25-Sep-21
NEWINFRA Quarterly Results 15-Sep-21 RELCAPITAL General 28-Sep-21
OPTOCIRCUI Quarterly Results 15-Sep-21 SHABCHM A.G.M. 29-Sep-21

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
APEX 14-Sep-21 Final Dividend – Rs. – 2.00 HINDCOPPER 14-Sep-21 Dividend – Rs. – 0.3500
ARIES 14-Sep-21 Dividend – Rs. – 0.80 ITDCEM 14-Sep-21 Dividend – Rs. – 0.1200
ASTAR 14-Sep-21 Dividend – Rs. – 1.50 JAMNAAUTO 14-Sep-21 Final Dividend – Rs. – 0.50
BEL 14-Sep-21 Final Dividend – Rs. – 1.20 JINDRILL 14-Sep-21 Dividend – Rs. – 0.50
BGWTATO 14-Sep-21 Final Dividend – Rs. – 1.00 JUMBO 14-Sep-21 E.G.M.
BHATIA 14-Sep-21 Final Dividend – Rs. – 0.50 KEERTHI 14-Sep-21 Final Dividend – Rs. – 1.50
DHARAMSI 14-Sep-21 Dividend – Rs. – 0.50 KILPEST 14-Sep-21 Final Dividend – Rs. – 1.00
ELDEHSG 14-Sep-21 Final Dividend – Rs. – 40.00 KILPEST 14-Sep-21 Special Dividend – Rs. – 8.00
FINOLEXIND 14-Sep-21 Special Dividend – Rs. – 2.00 MAHLIFE 14-Sep-21 Bonus issue 2:1
FINOLEXIND 14-Sep-21 Final Dividend – Rs. – 2.00 MAHSEAMLES 14-Sep-21 Final Dividend – Rs. – 3.50

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