Nifty opened at 17045.25 with a gap up of 87 points. The index recorded its intraday low at 16978.95 within the first five minutes of trading and then bounced up. Prices have seen an up move and then went into a consolidation. The range eventually broke on the upside and prices have rallied to record its intraday high at 17186.90. The index then moved in a sideways manner towards the end of today’s trading session and finally closed at 17136.55 with a gain of 177.90 points or 1.05% up. AUTO and OIL GAS sectors have outperformed today and ended nearly 2% higher. FMCG, IT and PHARMA followed and ended 1% higher. MEDIA and METAL under performed today and closed lower.
The short-term trend is down. The NIFTY continued to trade volatile but the intraday range was very narrow today. Prices have moved within a range of less than 150 points if we leave the lower shadow made in the initial trades. Tomorrow is the weekly expiry scheduled. So, it is possible that the index continues this volatile and narrow movement. We do not have an adequate trading setup so we need to wait for one. Till then avoid trading the index and watch the markets from outside.
Bank Nifty opened at 36482.60 w it h a gap up of 412 points. The index first slides lower and then turned up. The index continued these ups and downs for the who le day, recorded its intraday high at 36513.85 and intraday low at 36114.05. The index finally closed at 36351.55 with a gain of 281points.PSU BANKS have underperformed today and closed with a loss of 0.19%. PVT BANKS have moved sideways and closed without much of a change. Within the index, in terms of points, HDFC BANK contributed the highest while ICIC IBANK contributed the lowest.
The short-term trend is down while prices have been finding a short-term support around 36000.Resistance is visible around 37000.It is possible that we may see few days within these two levels. We should avoid trading the index for the time being and wait for an adequate trading setup to emerge.
|TATAMOTOR||440||BUY||The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be buy with a stop loss of 435 and for the target of 450.|
|HINDCOPPER||121||SELL||The immediate trend of the script is bearish. There is a negative cross over of moving averages as well as of the indicators therefore it can be sell below 120 with a stop loss of 123 and target of 118.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|M&M||880 CE||BUY||13||CMP||5||20||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|FEDERALBNK.Apr 28||96.2||0.05||4.43||61790000||LTI.Apr 28||5215||-4.83||3.17||1285800|
|BATAINDIA.Apr 28||1925||0.09||5.03||1516900||PERSISTENT.Apr 28||4019.8||-3.9||10.67||485250|
|TATACHEM.Apr 28||973||0.12||2.26||5387000||CHOLAFIN.Apr 28||713||-3.22||1.86||8262500|
|SUNTV.Apr 28||499.95||0.14||0.16||12577500||BAJFINANCE.Apr 28||7048.9||-2.85||5.86||4107625|
|AXISBANK.Apr 28||798.4||0.19||1.92||44694000||HINDCOPPER.Apr 28||121.2||-2.73||6.83||16890400|
|Short Covering||Long Unwinding|
|SBILIFE.Apr 28||1128.45||0.07||-0.84||7083750||SBILIFE.Apr 28||1128.45||0.07||-0.84||7083750|
|SUNPHARMA.Apr 28||922.25||0.12||-0.59||16167900||SUNPHARMA.Apr 28||922.25||0.12||-0.59||16167900|
|BANKNIFTY.Apr 28||36455||0.14||-3.78||2183175||BANKNIFTY.Apr 28||36455||0.14||-3.78||2183175|
|BANDHANBNK.Apr 28||324.15||0.17||-1.26||35438400||BANDHANBNK.Apr 28||324.15||0.17||-1.26||35438400|
|AARTIIND.Apr 28||939.05||0.3||-3.31||1812200||AARTIIND.Apr 28||939.05||0.3||-3.31||1812200|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Bank Ltd.||755.55||-1.4||15984202||0||74||Nifty50||17136.55||1.05||88908|
|Larsen & Toubro Limited||1691.6||-0.83||3832617||0||72.24||Nifty it||32173.4||1.16||88908|
|Honeywell Auto India Ltd||40318.5||0.39||9264||0||70.3||India Vix||18.67||-5.56||88908|
|Hdfc Ltd.||2180.2||1.87||5434844||0||69.11||Nifty Fmcg||37722.8||1.03||88908|
|Tata Consultancy Serv Lt||3556.8||2.45||2640370||0||69.09||Nifty Pharma||13660.65||1.02||88908|
|Pfizer Ltd.||4460.75||0.36||13651||0||68.36||Nifty Realty||449.35||0.55||88908|
|Mah & Mah Ltd.||881.25||1||2208791||0||68.3||Nifty Auto||10848.7||2.2||88911|
|Colgate Palmolive (india||1526.25||1.57||256564||0||66.48||Nifty Metal||6556.1||-0.33||88911|
|Hdfc Bank Ltd.||1354.3||0.9||24662868||0||66.19||Nifty Financial Services||16702.4||-0.04||88911|
UPCOMING ECONOMIC DATA
|INR: Bank Loan and Deposit Growth on 22nd April, 2022||•USD: Initial Jobless Claims on 21st April, 2022
•USD: Philadelphia Fed Manufacturing Index (Apr) on 21st April, 2022
The Adani Group on Wednesday committed to invest Rs 10,000 crore in West Bengal over the next decade, group chief Gautam Adani announced on Wednesday. At the inaugural session of Bengal Global Business Summit 2022 (BGBS) here, Adani said the group’s investments will span world-class port infrastructure, state of art data centres and undersea cables that will connect them across the oceans, centres of excellence in digital innovation, warehouses and logistics parks.
The JSW Group will develop a 900 MW pumped storage hydel power project in West Bengal, its chairman Sajjan Jindal announced on Wednesday. Addressing the inaugural session of the Bengal Global Business Summit, Jindal said it will be developed on a nomination basis.
Domestic air passenger traffic in the January-March period surged to 248 lakh, marking a 6.1 percent growth as compared to the corresponding period last year, the Directorate General of Civil Aviation (DGCA) said on April 20. In March alone, the domestic flight operators carried 106.96 lakh passengers, which was 36.7 percent higher as compared to February 2022 when the monthly traffic stood at 78.22 lakh, as per the data shared by the aviation sector watchdog.
Soaring prices and rural slowdown-led demand pressure are likely to affect the fourth-quarter profitability of consumer goods companies. Makers of staples to shampoos are expected to report sub-5% volume growth, according to analysts tracking the sector. They expect volumes to contract for Hindustan Unilever Ltd. and Dabur India Ltd. due to grammage cut in soaps and detergent and a high base of health supplements categories.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BETALA||Audited Results||21-Apr-22||NINSYS||Bonus issue||21-Apr-22|
|CRISIL||Interim Dividend;Quarterly Results||21-Apr-22||OMEAG||Quarterly Results||21-Apr-22|
|CYIENT||Audited Results||21-Apr-22||RAJGLOWIR||Final Dividend;Audited Results||21-Apr-22|
|DHANCOT||General||21-Apr-22||RALLIS||Final Dividend;Audited Results||21-Apr-22|
|HCLTECH||Interim Dividend;Audited Results||21-Apr-22||RONI||Audited Results;General||21-Apr-22|
|ICICIGI||Final Dividend;Audited Results||21-Apr-22||SASKEN||A.G.M.;Final Dividend;Audited Results||21-Apr-22|
|JAIBALAJI||Pref. Issue ; Warrants;Rights Issue||21-Apr-22||SHAMROIN||General||21-Apr-22|
|LTTS||Final Dividend;Audited Results||21-Apr-22||SHIVACEM||Audited Results||21-Apr-22|
|MANINDS||Interim Dividend||21-Apr-22||SHUKJEW||Audited Results||21-Apr-22|
|MOLDTKPAC||Interim Dividend||21-Apr-22||TARMAT||Preferential Issue of shares||21-Apr-22|
|MTCL||General||21-Apr-22||TATACOMM||Final Dividend;Audited Results||21-Apr-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|GAIL||21-Apr-22||Buy Back of Shares||SHREEGANES||27-Apr-22||Bonus issue 1:1|
|NESTLEIND||21-Apr-22||Final Dividend – Rs. – 65.0000||DCMFINSERV||28-Apr-22||E.G.M.|
|NESTLEIND||21-Apr-22||Interim Dividend – Rs. – 25.0000||HCLTECH||28-Apr-22||Interim Dividend|
|VIPPYSP||22-Apr-22||E.G.M.||KSB||28-Apr-22||Dividend – Rs. – 12.5000|
|MUTHOOTFIN||25-Apr-22||Interim Dividend – Rs. – 20.0000||MANINDS||28-Apr-22||Interim Dividend|
|NIRMITEE||25-Apr-22||Bonus issue 5:1||MOLDTKPAC||28-Apr-22||Interim Dividend|
|SAREGAMA||26-Apr-22||Stock Split From Rs.10/- to Rs.1/-||PROFINC||28-Apr-22||Bonus issue 2:1|
|ABB||27-Apr-22||Final Dividend – Rs. – 5.2000||PROFINC||28-Apr-22||Stock Split From Rs.10/- to Rs.1/-|
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