The Nifty opened at 17897.45 with a gap up of 75 points. The index first consolidated and recorded its intraday high at 17947.65. Prices then broke that consolidation on the downside. The index has seen a minor decline and recorded its intraday low at 17819.40. Prices then started moving sideways and remained till its final closing at 17583.20 with a gain of 30.25 points. The Realty sector continued its outperformance for the third consecutive day and ended with a gain of 1.50%. The Metal sector underperformed and closed with a loss of 2.10%. Prices have first consolidated then seen a minor decline and then consolidated again to end on a flat note. The index keeps on recording lifetime new highs and comes very close to the 18000 mark. The short term trend is up. Prices have seen an upside move of more than 500 points this week. Last week was also a wide range. Back to Back wide range week suggests we may see some narrow and choppy movement next week. We have seen some significant increase in Implied Volatility that started cooling off on Friday. A short term support is visible around 17600 while psychological resistance is visible at 18000. A dip towards this support level will give us a buying opportunity for carry forward traders. A close above 18000 will give us a breakout trade on the long side.
Bank Nifty opened at 37954 with a gap up of 143 points. The index first moved up and recorded its intraday high at 38112.60 almost at its lifetime highs. However prices did not sustain there long enough and saw a sharp decline. Prices have erased all the gains an went into negative territory. The index spends most of its time moving narrow and sideways, recorded its intraday low at 37680 and closed with almost flat. Private Banks continued its outperformance and closed with minor gains. PSU Banks have underperformed. HDFC Bank contributed highest while Axis Bank the lowest.
|GRASIM||1629.75||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1610 and for the target 1670|
|ICICIBANK||722.95||BUY||The stock has given a breakout from a narrow trading range. The stock can be sold at CMP with a stop at 710 and for the target 740|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|MARUTI||7000 CE||BUY||85.9||CMP||53||130||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|BHARTIARTL.21.09 Sep||741.6||2.33||17.54||63298647||IPCALAB.21.09 Sep||2406.6||-3||10.58||312750|
|ASTRAL.21.09 Sep||2127.25||0.67||9.63||435050||MANAPPURAM.21.09 Sep||172||-1.15||9.57||20676000|
|MCX.21.09 Sep||1657||1.37||8.34||1981350||COROMANDEL.21.09 Sep||805||-0.48||8.69||1711250|
|PAGEIND.21.09 Sep||33740.05||1.71||6.48||88740||PFC.21.09 Sep||135.15||-2.52||8.02||24477600|
|ICICIBANK.21.09 Sep||721.6||0.45||5.77||79074875||MOTHERSUMI.21.09 Sep||225.15||-1.36||7.43||32182500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|IDEA.21.09 Sep||11.5||8.49||-4.97||487200000||FINNIFTY.21.09 Sep||18592.05||-0.14||-26.09||2720|
|IRCTC.21.09 Sep||3713.75||0.2||-4.65||1480375||POLYCAB.21.09 Sep||2412||-0.96||-8.08||546000|
|ABFRL.21.09 Sep||224||2.05||-4.48||11645400||BANKNIFTY.21.09 Sep||37815.05||-0.12||-7.16||1601200|
|LTTS.21.09 Sep||4848||1.51||-2.24||549600||DIXON.21.09 Sep||4375.9||-0.75||-6.77||427125|
|HDFC.21.09 Sep||2828||0.33||-1.02||10446900||SRF.21.09 Sep||10992.05||-0.14||-6.71||649500|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Colgate Palmolive (india||1690.85||-0.63||413927||476724||71.7||Nifty Realty||501.3||105585||1.5|
|Marico Limited||557.35||-1.67||2833374||1841221||71.32||Nifty it||37103.25||105585||0.78|
|Tata Consultancy Serv Lt||3871.3||0.05||2320754||1396484||69.69||Nifty Auto||10429.05||105585||0.54|
|Tata Consumer Products l||836.75||-1.63||2846056||1015900||69.38||Nifty 50||17853.2||105585||0.17|
|Britannia Ind Ltd.||4042.9||0.01||373614||215736||66.82||Nifty Bank||37830.3||105585||0.16|
|Power Grid Corporation o||176.15||-1.18||5320059||5156736||66.78||Nifty Media||2153.25||105585||-0.64|
|Infosys Limited||1763.85||1.22||8280446||2542806||66.46||Nifty Pharma||14289.15||105585||-0.64|
|Asian Paints Limited||3448.6||3.85||2775975||448220||64.52||Nifty Energy||21716.45||105585||-0.81|
|Godrej Cons Products Ltd||1041.65||-1.55||1191536||550387||64.4||Nifty Fmcg||41090.9||105585||-1.1|
|Hdfc Bank Ltd.||1601.55||2.01||10403351||4366722||63.91||Nifty Metal||5498.2||105585||-2.1|
UPCOMING ECONOMIC DATA
|INR: Infrastructure Output YoY Aug on 30th September, 2021
INR: Government Budget Value Aug on 30th September, 2021
|•USD: Core Durable Goods Orders (MoM) (Aug) on 27th September, 2021
•USD: CB Consumer Confidence (Sep) on 28th September, 2021
|•The Competition Commission of India (CCI) has found three beer companies – United Breweries Limited (UBL), Anheuser Busch InBev India Ltd. and Carlsberg India Private Limited (‘CIPL’) – to be indulging in cartelisation of beer prices in the country and imposed huge penalties. As per the statement, the antitrust body has directed UBL and CIPL to pay penalties to the tune of ₹750 crores and ₹120 crores respectively, besides passing a cease-and-desist order.
•Telecom Department has approached TRAI seeking its recommendations on pricing, quantum and other modalities pertaining to radiowaves in multiple bands as it prepares the groundwork for holding 5G spectrum auction in the coming months. The last round of spectrum auction, held in March this year, had raked-in winning bids of over Rs 77,800 crore for 855.6 MHz of spectrum.
•Tata Motors said its electric vehicles have achieved a cumulative sales milestone of 10,000 units. Tata Motors had entered the electric vehicle space with Tigor EV as a fleet offering, and expanded to the personal segment with the launch of Nexon EV in January 2020. “Tata Motors has recorded a remarkable feat of on-boarding its 10,000th EV customer,” the company said in a release.
•Nucleus Software proposes to buy-back upto 22,67,400 Equity Shares comprising of 7.81% of the total paid-up equity capital of the Company, from the equity shareholders of the Company as on the record date, at a price of Rs.700/- (Rupees Seven Hundred Only) per Equity Shares.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|EIS||Voluntary Delisting of Shares||29-Sep-21||AMBITION||Quarterly Results||01-Oct-21|
|PANTH||General||29-Sep-21||UNIAUTO||Bonus issue;Increase in Auth. Capital||01-Oct-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|BHARTIARTL||27-Sep-21||Right Issue of Equity Shares||GKP||29-Sep-21||Bonus issue 1:1|
|COSMOFILMS||27-Sep-21||Interim Dividend – Rs. – 25.00||CLEDUCATE||30-Sep-21||Stock Split From Rs.10/- to Rs.5/-|
|GALACTICO||27-Sep-21||Bonus issue 1:1||UNIAUTO||30-Sep-21||Final Dividend – Rs. – 0.50|
|INDOBORAX||27-Sep-21||Stock Split From Rs.10/- to Rs.1/-||DCMSRMIND||08-Oct-21||Stock Split From Rs.10/- to Rs.2/-|
|BAJAJHCARE||28-Sep-21||Stock Split From Rs.10/- to Rs.5/-||ASIANTILES||11-Oct-21||Final Dividend – Rs. – 0.50|
|BAJAJHCARE||28-Sep-21||Final Dividend – Rs. – 0.50||LANCER||13-Oct-21||Bonus issue 2:1|
|BAJAJHCARE||28-Sep-21||Special Dividend – Rs. – 0.50||HCLTECH||21-Oct-21||Interim Dividend|
|BAJAJHLDNG||28-Sep-21||Interim Dividend – Rs. – 90.00||PGHL||02-Nov-21||Final Dividend – Rs. – 40.00|
|ECLERX||29-Sep-21||Buy Back of Shares||PGHL||02-Nov-21||Special Dividend – Rs. – 90.00|
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