Outlook-15-09-2021NIFTY:

The Nifty opened at 17420.35 with a gap up of 65 points. Prices first moved up but the rally fizzled out quickly and the index fell down after recording its intraday high at 17438.55. The index continues moving downwards for the rest of the day, recorded its intraday low at 17367.05 and finally closed at 17380 with a gain of 24.70 points. The Media sector outshines and ended with a gain of 14.40% due to a 40% gain in Zeel. The Metal, FMCG and Financial have underperformed and ended with a loss.

The Nifty continued trading narrow and ended with a marginal gain just below 17400 levels. The short term trend is still up. Prices have been very choppy and traded in a range of just 71 points.

The index recorded a pattern of NR7 (narrowest trading range in the last 7 trading days). This suggests that a breakout is imminent from the 17250-17450 range one way or another. Look to buy above 17450 or on a dip to 17250.

BANK NIFTY:

Bank Nifty opened at 36639.95 with a gap up of 142 points. The index first moved up and recorded its intraday high at 36756. Prices then started moving downwards and kept that momentum for the rest of the day. The index recorded its intraday low at 36529.65 and closed with a slight gain. Private Banks have outperformed and ended with a gain of more than 1%. PSU Banks have also seen a rally but closed with a gain of 0.18%. Within the index, Indusind Bank contributed highest while HDFC Bank the lowest.

It was a choppy day where prices moved narrow and continued to stay within the range of 36200-37000.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
INDUSIND 1036.6 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1020 and for the target 1050-1070
SUNTV 512.15 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 5058 and for the target 522

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
POWERGRID 175 CE BUY 3.30 CMP 2 5 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IRCTC.21.09 Sep 3724.95 8.55 50.79 2257775 ICICIGI.21.09 Sep 1609.45 -1.66 16.16 2465000
IPCALAB.21.09 Sep 2688 3.34 19.2 247275 UBL.21.09 Sep 1589.65 -0.67 14.11 1540000
ZEEL.21.09 Sep 262.25 40.05 16.32 87840000 ADANIENT.21.09 Sep 1521.7 -1.03 11.34 18643000
IDEA.21.09 Sep 8.8 10 15.21 864150000 MARICO.21.09 Sep 559.1 -2.92 10.97 11354000
PIIND.21.09 Sep 3490 1.2 13.23 1181000 INFY.21.09 Sep 1686 -0.36 8.12 33157200
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
TATAMOTORS.21.09 Sep 306.75 1.78 -2.81 93377400 SRF.21.09 Sep 10674.65 -0.37 -5 668000
TORNTPOWER.21.09 Sep 482 0.01 -2.28 3474000 EXIDEIND.21.09 Sep 182.2 -1.17 -4.74 32227200
IBULHSGFIN.21.09 Sep 240.3 4.98 -1.95 32556200 LICHSGFIN.21.09 Sep 410.1 -0.18 -4.15 22464000
NAM-INDIA.21.09 Sep 438.75 0.37 -1.95 4264000 OFSS.21.09 Sep 4838.6 -0.73 -3.95 486875
COLPAL.21.09 Sep 1733 0.33 -1.83 2678550 METROPOLIS.21.09 Sep 3075.75 -0.12 -3.27 319800

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Bank Ltd. 1548.55 -0.45 4879253 3354836 74.89 Nifty Media 1972.5 14.4 87903
Power Grid Corporation o 174.1 0.12 6325821 4222643 74.84 Nifty Auto 10209.6 0.88 87903
Titan Company Limited 2055.7 1.23 888765 549374 69.85 Nifty it 35431.5 0.86 87903
Infosys Limited 1686.15 -0.34 4945167 3223515 69.14 Nifty Realty 422.05 0.42 87903
Balkrishna Ind. Ltd 2472.5 0.98 289098 214959 68.24 Nifty Bank 36613.05 0.39 87903
Hdfc Ltd. 2818.05 -1.11 2238463 2213310 67.4 Nifty Pharma 14410.95 0.24 87903
Hindustan Unilever Ltd 2762.55 -0.85 1755061 898868 67.01 Nifty Energy 21034.9 0.22 87903
Larsen & Toubro Limited 1696.45 1.48 1407269 1052445 66.66 Nifty 50 17380 0.14 87903
Sbi Life Insurance Compa 1170.9 0.49 1338821 1500586 63.2 Nifty Fmcg 40469.55 -0.3 87903
Apollo Hospitals Ltd 4732.45 -0.28 528943 726917 63.14 Nifty Metal 5810.35 -0.5 87903

UPCOMING ECONOMIC DATA

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

INR: FX Reserves, USD on 17th September, 2021

•USD: Industrial Production (YoY) (Aug) on 15th September, 2021

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

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News Updates

•The Madras High Court, in its written order in the bumper-to-bumper insurance cover matter, has said it would not have been economically and logistically feasible to implement its previous order mandating such an insurance cover for all new vehicles sold from September 1 onwards. Thereby, it has withdrawn its previous order and has entrusted the lawmakers to examine the need for suitable amendment in the law on wide coverage of vehicles so as to protect victims.

•Tata Motors on Tuesday said it has inked a pact with Tata Power to install and operate a 3 MWp rooftop solar project at its passenger vehicle business unit (PVBU) plant in Pune. The automaker said it has signed a solar power purchase agreement with Tata Power. The solar rooftop project is expected to generate nearly 45 lakh KWh per year, reducing carbon emissions by around 3,538 tonnes per year, it added.

•The Union Cabinet is likely to approve on Wednesday the revised production-linked incentive (PLI) scheme for the automobile sector, which aims at promoting domestic manufacturing and create jobs, according to sources. The government is believed to have slashed the outlay for this PLI scheme to about ₹26,000 crore, they said. Last year, the government had announced the scheme for the automobile and auto components sector with an outlay of ₹57,043 crore, earmarked for five years “The Cabinet may take up the proposal in the meeting tomorrow (on Wednesday),” one of the sources said.

•ISGEC Heavy Engineering received an order for 25 Medical Oxygen Plants from the Defence Research & Development Organisation (DRDO), Ministry of Defence, Govt. of India.

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

Board Meetings

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ARSSINFRA Quarterly Results 15-Sep-21 POOJA General 16-Sep-21
BLSINFOTE General 15-Sep-21 SAREGAMA General 16-Sep-21
BUDGE BUDGE Voluntary Delisting of Shares 15-Sep-21 SMAUTO General 16-Sep-21
CRAFTSMAN General 15-Sep-21 TOYAMIND General 16-Sep-21
GAMMONIND Quarterly Results 15-Sep-21 3MINDIA Amalgamation;Scheme of Arrangement 17-Sep-21
NEWINFRA Quarterly Results 15-Sep-21 BAJAJHLDNG Interim Dividend 17-Sep-21
OPTOCIRCUI Quarterly Results 15-Sep-21 CEREBRAINT Preferential Issue;Issue Of Warrants 17-Sep-21
SUPREMEINF Quarterly Results;Audited Results 15-Sep-21 VIDLI Right Issue of Equity Shares 17-Sep-21
20MICRONS Amalgamation;General 16-Sep-21 KANPRPLA Bonus issue 18-Sep-21
CHEMCON General 16-Sep-21 MUKANDLTD General 18-Sep-21
COSMOFILMS Dividend 16-Sep-21 POPULARES General;A.G.M. 18-Sep-21
MIC General 16-Sep-21 SGRL Bonus issue 18-Sep-21

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AMARJOTHI 15-Sep-21 Dividend – Rs. – 2.10 ECLERX 15-Sep-21 Final Dividend – Rs. – 1.00
AMRUTANJAN 15-Sep-21 Final Dividend – Rs. – 2.60 EKC 15-Sep-21 Final Dividend – Rs. – 0.30
ANDHRSUGAR 15-Sep-21 Dividend – Rs. – 10.00 GIPCL 15-Sep-21 Dividend – Rs. – 2.70
ANURAS 15-Sep-21 Final Dividend – Rs. – 0.50 GUJALKALI 15-Sep-21 Dividend – Rs. – 8.00
AVL 15-Sep-21 Final Dividend – Rs. – 5.00 HALDYNGL 15-Sep-21 Dividend – Rs. – 0.60
BBL 15-Sep-21 Dividend – Rs. – 5.00 HSIL 15-Sep-21 Dividend – Rs. – 4.00
BIRLACABLE 15-Sep-21 Dividend – Rs. – 1.00 INDGELA 15-Sep-21 Final Dividend – Rs. – 2.50
DEEPAKSP 15-Sep-21 Final Dividend – Rs. – 2.00 INFIBEAM 15-Sep-21 Final Dividend – Rs. – 0.0500
DENORA 15-Sep-21 Dividend – Rs. – 1.00 ITL 15-Sep-21 Final Dividend – Rs. – 0.50
DIANATEA 15-Sep-21 Dividend – Rs. – 0.50 KANPRPLA 15-Sep-21 Bonus issue 1:2

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