Outlook-01-09-2021NIFTY:

The Nifty opened at 16947.50 with a gap up of 16 points. The index first saw a mild decline and recorded its intraday low at 16915.85. Prices then bounced up, rallied higher and crossed the 17000 mark decisively. Prices have moved further on the upside and recorded its intraday high at 17153.50. The index finally ended at 17132.20 near its day high with a gain of 201.15 points. All the sectoral indices have closed in gain except media. The Metal, IT and Financials have performed better and ended with a gain of more than 1%. We had taken a long trade around 16830. We suggested to stay long with a stop at breakeven and for the target of 16970. Prices have easily reached our target and we closed the trade with a gain of 140 points.

It was another uptrend day . In the last two days, the index has registered a gain of more than 400 points. The index continued making lifetime new highs for the second consecutive day and the index crossed 17000 decisively.

BANK NIFTY:

Bank Nifty opened at 36367.40 without much of a gap. Intraday movement was very choppy and sideways. In this process the index recorded its intraday high at 36552.80 and then its low at 36216.20 and finally ended almost flat. Private Banks and PSU Banks both have seen an intraday rally and closed higher with a gain of 0.34% and 0.68% respectively. Within the index, HDFC Bank contributed highest while AU Bank the lowest.

We had taken a long trade around 35900 and for the target of 36500. The index met the target and closed the trade with a gain of 600 points.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
WIPRO 640.95 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 630 and for the target 655
ICICIBANK 719.05 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 708 and for the target 732

 

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HINDALCO 470 CE BUY 17.9 CMP 14 23 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IPCALAB.21.09 Sep 2606 4.5 144.81 116775 AUBANK.21.09 Sep 1131.8 -12.86 92.98 4753000
CANFINHOME.21.09 Sep 574 1.13 108.16 994500 HAVELLS.21.09 Sep 1260 -0.6 19.18 4564500
SYNGENE.21.09 Sep 648.5 2.67 102.37 653650 OFSS.21.09 Sep 4735 0 14.8 147375
INDIAMART.21.09 Sep 7847 0.32 19.48 97050 HAL.21.09 Sep 1375 -2.09 12.87 916750
SRF.21.09 Sep 10206 4.93 18.99 666500 MCX.21.09 Sep 1522.95 -0.27 10.9 805000
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
FINNIFTYW.21.09 Sep 18097.5 1.14 -28.57 200 APLLTD.21.09 Sep 752.65 -0.23 -2.03 1670900
LICHSGFIN.21.09 Sep 394.3 1.02 -3.3 21656000 TORNTPOWER.21.09 Sep 484.5 -1.74 -0.85 3657000
MRF.21.09 Sep 79667.9 1.66 -2.92 41230 FEDERALBNK.21.09 Sep 81.3 -0.31 -0.78 81420000
ITC.21.09 Sep 211.5 1.51 -2.27 163385600 CUMMINSIND.21.09 Sep 1002.85 -0.07 -0.67 2489400
DEEPAKNTR.21.09 Sep 2287.1 0.44 -1.63 2949000 GMRINFRA.21.09 Sep 29.2 -1.18 -0.55 98482500

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Prudential Life In 659.1 0.02 7583164 2150128 79.81 Nifty Metal 5714.6 1.54 76929
Nestleind 19467.75 -1.39 227370 98548 73.57 Nifty it 34570.25 1.35 76929
Power Grid Corporation o 175.35 -0.09 32436250 7827638 71.92 Nifty 50 17132.2 1.19 76929
Infosys Limited 1706.45 0.49 12255438 4621506 70.45 Nifty Fmcg 39529.7 0.97 76929
Ipca Laboratories Ltd. 2575.3 3.79 897311 138426 69.53 Nifty Pharma 14344.75 0.86 76929
Page Industries Limited 31499.1 0.24 23477 14837 67.73 Nifty Auto 10034.45 0.77 76929
Tata Consultancy Serv Lt 3786.45 2.3 3207480 1349616 66.38 Nifty Realty 386.8 0.59 76929
Gail (india) Limited 146.15 0.1 14009836 8121157 65.96 Nifty Energy 20289.7 0.23 76929
Kotak Mahindra Bank Limi 1753.7 1.03 4492609 1679854 65.59 Nifty Bank 36424.6 0.21 76929
Petronet Lng Limited 227.6 -1.17 7168834 1745897 65.17 Nifty Media 1601.65 -0.12 76929

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: GDP Quarterly (YoY) (Q1)  on 31st August, 2021

INR: Infrastructure Output (YoY) (Jul) on 31th August, 2021

•USD: CB Consumer Confidence (Aug) on 31st August, 2021

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News Updates

•Telecom operator Bharti Airtel’s chairman Sunil Mittal on Monday said the company won’t shy away from raising tariffs. Mittal was speaking with investors a day after Airtel’s board approved raising up to Rs 21,000 crore by way of rights issue, at a price of Rs 535 per share. The mega fundraising is bound to give more firepower to Airtel, as the company takes on rivals in the fiercely-competitive Indian telecom market.

•Auto components maker Steel Strips Wheels Limited has signed a pact with Tata Steel Long Products to supply round bars of various grades. These products will target automotive customers in India, Steel Strips Wheels Limited (SSWL) said in a regulatory filing. The supplies from the company’s Saraikela Plant, in Jharkhand, will start from October 2021, SSWL said.

•With Coal India having significantly reduced coal supplies and rail rakes for captive power plants (CPPs), domestic aluminium industry is staring at a meager three-five days coal inventory. “Despite the FSA (Fuel Supply Agreement), we face this issue of coal supply cut from Coal India almost every monsoon. 2018 and 2019 was no different. What is the purpose of FSA then?” said an aluminium industry official on condition of anonymity.

•Larsen and Toubro’s construction arm, L&T Construction, has won a slew of orders in India and abroad for its various businesses. The buildings and factories business has secured an order to construct multilevel parking and advocates chamber for the high court at Allahabad with an approximate built-up area of 20 lakh square feet.

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

Board Meetings

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADITYA A.G.M.;General 31-Aug-21 DHARSUGAR Quarterly Results 31-Aug-21
AFEL A.G.M.;Audited Results;General 31-Aug-21 GANHOLD A.G.M. 31-Aug-21
AGIIL A.G.M.;General 31-Aug-21 GILADAFINS A.G.M. 31-Aug-21
AGIOPAPER A.G.M.;General 31-Aug-21 GUJINV A.G.M. 31-Aug-21
AJEL A.G.M.;Quarterly Results 31-Aug-21 INDSUCR Quarterly Results 31-Aug-21
APTECHT General 31-Aug-21 KAJALSY A.G.M. 31-Aug-21
BALUFORGE A.G.M.;General 31-Aug-21 KPEL A.G.M. 31-Aug-21
BPCAP A.G.M.;Preferential Issue of shares 31-Aug-21 KPIGLOBAL A.G.M. 31-Aug-21
CERA General 31-Aug-21 MADHAVIPL Preferential Issue of shares 31-Aug-21
CHOTHANI A.G.M. 31-Aug-21 MANOMAY A.G.M. 31-Aug-21
DEVITRD General 31-Aug-21 MARVINY A.G.M. 31-Aug-21
DHAMPURE General 31-Aug-21 MEENST A.G.M. 31-Aug-21

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADVENZYMES 31-Aug-21 Final Dividend – Rs. – 0.90 PREMCO 31-Aug-21 Interim Dividend – Rs. – 3.00
ASHOKLEY 31-Aug-21 Final Dividend – Rs. – 0.60 ROSSELLIND 31-Aug-21 Final Dividend – Rs. – 0.30
CENTURYPLY 31-Aug-21 Final Dividend – Rs. – 1.00 BANARISUG 01-Sep-21 Dividend – Rs. – 10.00
GALAXYSURF 31-Aug-21 Final Dividend – Rs. – 4.00 GEECEE 01-Sep-21 Dividend – Rs. – 1.90
INDIACEM 31-Aug-21 Dividend – Rs. – 1.00 JBCHEPHARM 01-Sep-21 Final Dividend – Rs. – 8.00
PFC 31-Aug-21 Interim Dividend – Rs. – 2.2500 JOSTS 01-Sep-21 Final Dividend – Rs. – 3.00
PODARPIGQ 31-Aug-21 Final Dividend – Rs. – 2.50 KPRMILL 01-Sep-21 Final Dividend – Rs. – 0.7500

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