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 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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|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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|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|
|Icici Prudential Life In||659.1||0.02||7583164||2150128||79.81||Nifty Metal||5714.6||1.54||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
|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|
|•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
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AJEL||A.G.M.;Quarterly Results||31-Aug-21||INDSUCR||Quarterly Results||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|
|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|