NIFTY:
The Nifty opened at 17932.20 with a gap up of 79 points. The index first consolidated and recorded its intraday high at 17943.50. Prices then broke that consolidation on the downside. The index has seen a sharp decline, filled the gap up completely, and recorded its intraday low at 17802.90. Prices then again started moving up but that rally fizzled out quickly. The index again saw a consolidation in the last hour of trading and finally closed at 17855.10 almost at Friday’s closing price. The Realty sector continued its outperformance while the Auto also joined and gained 3%. The IT sector underperformed and closed with a loss of 2.88%. FMCG and Pharma also went down and ended with a loss of nearly 1%.
Nifty continued trading choppy and narrow for the second consecutive day. A gap up opening did not sustain, Prices have seen a sharp intraday decline and ended almost flat. Intraday bias was bearish. 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.
BANK NIFTY:
Bank Nifty opened at 38054.75 with a big gap up of 271 points. The index recorded its intraday low at 37968.20 within the first 5 minutes of trading and then rallied further. Prices have seen a sharp up move for the first hour of trading and recorded its intraday high at 38355.20. PSU and Private Banks both have contributed and closed higher by half percent. Within the index, HDFC Bank contributed highest while Indusind Bank the lowest.
Bank Nifty outperformed the benchmark index Nifty as it has closed with gains while the Nifty ended flat. The gains came mainly due to a gap up and then rally till the first hour of trading. The index recorded lifetime new high and crossed the 38000 mark.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| BAJAJ AUTO | 3913 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 3870 and for the target 4000 |
| AMARARAJA | 762.8 | BUY | The stock has given a breakout from a narrow trading range. The stock can be sold at CMP with a stop at 755 and for the target 773 |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| EXIDE | 185 CE | BUY | 2.8 | CMP | 1 | 5.5 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| ASHOKLEY.21.09 Sep | 130.8 | 2.47 | 24.78 | 50490000 | PFIZER.21.09 Sep | 5644.5 | -1.27 | 19.84 | 246125 | |
| ONGC.21.09 Sep | 140.3 | 2.82 | 21.42 | 49580300 | APOLLOHOSP.21.09 Sep | 4578.95 | -3.43 | 17.02 | 2861500 | |
| TATACHEM.21.09 Sep | 920 | 4 | 17.81 | 8534000 | DEEPAKNTR.21.09 Sep | 2447.4 | -1.43 | 16.02 | 2423000 | |
| INDHOTEL.21.09 Sep | 190 | 6 | 16.35 | 16122600 | LT.21.09 Sep | 1743.3 | -1.37 | 15.65 | 11440200 | |
| FEDERALBNK.21.09 Sep | 81.55 | 0.99 | 14.54 | 84440000 | OFSS.21.09 Sep | 4569.75 | -2.85 | 14.27 | 513375 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| AARTIIND.21.09 Sep | 937.95 | 2.46 | -19.76 | 2377450 | EICHERMOT.21.09 Sep | 2881.05 | -1.83 | -16.77 | 3179050 | |
| ZEEL.21.09 Sep | 320 | 0.34 | -14.66 | 24576000 | IDFCFIRSTB.21.09 Sep | 46.9 | -0.53 | -15.57 | 122113000 | |
| AMARAJABAT.21.09 Sep | 766 | 4.21 | -11.68 | 4312000 | APLLTD.21.09 Sep | 789.2 | -0.36 | -12.64 | 1257850 | |
| EXIDEIND.21.09 Sep | 182.15 | 1.48 | -10.67 | 17985600 | UBL.21.09 Sep | 1555.65 | -3.34 | -12.6 | 1170400 | |
| TVSMOTOR.21.09 Sep | 555.4 | 3.45 | -8.62 | 4394600 | NAVINFLUOR.21.09 Sep | 3804.3 | -2.47 | -12.03 | 473850 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Icici Prudential Life In | 663.65 | -1.46 | 1456389 | 1081584 | 72.23 | Nifty Auto | 10765.15 | 3.22 | 88650 | |
| Voltas Ltd. | 1218.2 | -0.86 | 739560 | 912666 | 72.02 | Nifty Realty | 516.3 | 2.99 | 88650 | |
| Marico Limited | 547.5 | -1.77 | 1578144 | 2010848 | 70.97 | Nifty Media | 2188.45 | 1.63 | 88650 | |
| Power Grid Corporation o | 176 | -0.09 | 3904237 | 3564744 | 67.01 | Nifty Energy | 22006.05 | 1.33 | 88650 | |
| Ultratech Cement Limited | 7622.9 | 1.35 | 261520 | 224826 | 65.88 | Nifty Bank | 38171.25 | 0.9 | 88650 | |
| Icici Bank Ltd. | 730 | 0.98 | 7712240 | 7743735 | 65.73 | Nifty Metal | 5504.45 | 0.11 | 88650 | |
| Britannia Ind Ltd. | 4009.6 | -0.82 | 248898 | 242197 | 64.83 | Nifty 50 | 17855.1 | 0.01 | 88650 | |
| Oil & Natural Gas Corp | 140 | 2.87 | 34196564 | 21776330 | 64.68 | Nifty Fmcg | 40720.6 | -0.9 | 88650 | |
| Tata Consumer Products l | 835.05 | -0.2 | 1433229 | 1823876 | 64.08 | Nifty Pharma | 14156.7 | -0.93 | 88650 | |
| Hindustan Unilever Ltd | 2709.5 | -1.35 | 1465932 | 1035955 | 63.35 | Nifty it | 36034.4 | -2.88 | 88650 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Infrastructure Output YoY Aug on 30th September, 2021
INR: Government Budget Value Aug on 30th September, 2021 |
•USD: CB Consumer Confidence (Sep) on 28th September, 2021
•USD: Pending Home Sales (MoM) (Aug) on 29th September, 2021 |
NEWS UPDATES
| •Reliance Industries Ltd. is in talks to buy a stake in Indian mobile content provider Glance InMobi Pte, according to people familiar with the matter. The conglomerate is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google, the people said, asking not to be identified as the information is private. The transaction could be completed as soon as in the next few weeks, one of the people said.
•The U.S. drug regulator has flagged non-compliance with manufacturing and testing standards at Lupin Ltd.’s Goa facility that caters to the American market for the drugmaker. The formulations or the final drugmaking unit of the Mumbai-based company received seven observations, according to its exchange filing last week. It, however, didn’t disclose details. •Ratings agency Icra on Monday revised up its 2021-22 real GDP growth estimate for India to 9 per cent from the earlier 8.5 per cent. A ramp-up in COVID-19 vaccination, healthy advance estimates of kharif (summer) crop and faster government spending were the factors which led to the revision, the agency said in a statement. •Zee Entertainment Ent. said it will take “necessary action as per applicable law” amid demand for the ouster of Managing Director Punit Goenka by two institutional investors. Two investment firms — Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund) and OFI Global China Fund LLC, which together hold 17.88 per cent stake in ZEEL had earlier this month sought an extraordinary general meeting to remove Goenka and two independent directors Manish Chokhani and Ashok Kurien. Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| AMTEKAUTO | Audited Results | 28-Sep-21 | SHABCHM | A.G.M. | 29-Sep-21 |
| PARMCOS-B | General | 28-Sep-21 | SINDHUTRAD | Quarterly Results | 29-Sep-21 |
| RAGHUSYN | General | 28-Sep-21 | TECHNOFAB | Quarterly Results | 29-Sep-21 |
| RELCAPITAL | General | 28-Sep-21 | DHANVARSHA | General | 30-Sep-21 |
| UNISON | Bonus issue | 28-Sep-21 | ESHAMEDIA | A.G.M. | 30-Sep-21 |
| EIS | Voluntary Delisting of Shares | 29-Sep-21 | HINDEVER | Stock Split | 30-Sep-21 |
| GOKULAGRO | Preferential Issue of shares | 29-Sep-21 | RELTD | General | 30-Sep-21 |
| INDOWIND | Right Issue of Equity Shares | 29-Sep-21 | SANTETX | Issue Of Warrants | 30-Sep-21 |
| JAYATMA | General;Scheme of Arrangement | 29-Sep-21 | SOFTSOL | General | 30-Sep-21 |
| KINGSINFR | General | 29-Sep-21 | VAICC | A.G.M. | 30-Sep-21 |
| PANTH | General | 29-Sep-21 | AMBITION | Quarterly Results | 01-Oct-21 |
| PBAINFRA | General | 29-Sep-21 | LOHIASEC | Amalgamation | 01-Oct-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| BAJAJHCARE | 28-Sep-21 | Final Dividend – Rs. – 0.50 | ECLERX | 29-Sep-21 | Buy Back of Shares |
| BAJAJHCARE | 28-Sep-21 | Special Dividend – Rs. – 0.50 | GKP | 29-Sep-21 | Bonus issue 1:1 |
| BAJAJHCARE | 28-Sep-21 | Stock Split From Rs.10/- to Rs.5/- | CLEDUCATE | 30-Sep-21 | Stock Split From Rs.10/- to Rs.5/- |
| BAJAJHLDNG | 28-Sep-21 | Interim Dividend – Rs. – 90.00 | UNIAUTO | 30-Sep-21 | Final Dividend – Rs. – 0.50 |
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