The Nifty opened at 17185.60 with a gap up of 53 points. The index rallied further on the upside for almost the first hour of trading and recorded its intraday high at 17225.75. The index then started moving on the downside. Prices have fallen more than 150 points and recorded its intraday low at 17055.05. Prices have spent the second half moving sideways and choppy and finally closed at 17076.25 with a loss of 55.95. The realty sector outperformed and ended with a gain of 5.57%. The Metal and IT were the biggest underperformers and ended with a loss of 1.79% and 1.33% respectively. It was a volatile day in the index where prices have seen a sharp intraday swing on both sides in the first half and moved choppy and sideways in the second half. The Nifty broke three days of higher closing streak and ended with a minor loss. The trend remains up.
The index continued making lifetime new highs for the third consecutive trading day and the index crossed the 17200 levels. The short term trend is up. We should wait for a new pattern to emerge. That pattern may be a dip towards the support at 16700. The high of 17230 may act as a resistance.
Bank Nifty opened at 36591.45 with a gap up of 202 points. The index recorded its intraday low at 36487.15 and then rallied to record its intraday high at 36997.70. The index then tumbled and almost reached at the morning lows. Prices then moved sideways and closed near its low with a slight gain. Private and PSU Banks both have seen an intraday rally and closed higher with a gain of 0.45% and 0.86% respectively. Within the index, Axis Bank contributed highest while HDFC Bank the lowest. Bank Nifty traded very volatile. Prices have seen sharp intraday swings on both sides.
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|TORRENT PHARMA||3167.5||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 3110 and for the target 3230|
|GMR INFRA||30.3||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 28.7 and for the target 32.2|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TATAPOWER||135 CE||BUY||4.55||CMP||3||7||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|IEX.21.09 Sep||563.7||11.35||36.36||4275000||GUJGASLTD.21.09 Sep||706.95||-2.21||19.18||2245000|
|CANFINHOME.21.09 Sep||587.1||2.42||34.01||1344525||OFSS.21.09 Sep||4677.25||-0.71||18.16||173250|
|UBL.21.09 Sep||1560.55||5.58||22.61||1643600||SYNGENE.21.09 Sep||632||-2.01||18.07||788800|
|ASTRAL.21.09 Sep||2117||3.51||14.1||440550||PEL.21.09 Sep||2602.05||-0.5||15.13||3377000|
|AUBANK.21.09 Sep||1156.1||1.93||13.88||4959500||MPHASIS.21.09 Sep||2787.05||-2.47||12.64||1454375|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|CANBK.21.09 Sep||162||1.5||-4.92||70507800||FINNIFTYW.21.09 Sep||18056.1||-0.09||-37.5||200|
|METROPOLIS.21.09 Sep||2898||2.24||-3.05||305200||ALKEM.21.09 Sep||3870.1||-0.58||-1.64||347000|
|GODREJPROP.21.09 Sep||1566.2||5.16||-2.17||1930500||HINDALCO.21.09 Sep||458.05||-2.29||-1.08||37115450|
|RBLBANK.21.09 Sep||171||3.07||-2.15||32123300||ABFRL.21.09 Sep||208.5||-0.12||-0.69||8593000|
|AMARAJABAT.21.09 Sep||715.2||2.27||-1.91||7148000||SRTRANSFIN.21.09 Sep||1333.65||-1.44||-0.27||4646400|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Indus Towers Limited||216.4||0.49||2211111||4928276||76.35||Nifty Realty||408.35||5.57||84717|
|Icici Prudential Life In||658.45||-0.1||2107316||5619143||74.1||Nifty Media||1610.55||0.56||84717|
|Petronet Lng Limited||227.75||0.07||1196254||5157549||71.94||Nifty Energy||20356.55||0.33||84717|
|Colgate Palmolive (india||1701.3||0.47||621889||1096506||69.12||Nifty Fmcg||39644.7||0.29||84717|
|Hdfc Life Insurance Comp||718.55||0.11||4991772||2584082||67.04||Nifty Auto||10043.9||0.09||84717|
|Icici Lombard General In||1633.45||2.44||955812||462281||64.71||Nifty Pharma||14319.85||-0.17||84717|
|Itc Ltd.||209.5||-0.85||16241960||16684705||64.65||Nifty 50||17076.25||-0.33||84717|
|Kotak Mahindra Bank Limi||1746.65||-0.4||7266354||2862516||63.72||Nifty it||34110.5||-1.33||84717|
|Hdfc Bank Ltd.||1579.1||-0.15||6211279||3804884||63.09||Nifty Metal||5612.45||-1.79||84717|
UPCOMING ECONOMIC DATA
|INR: Trade Balance (Aug) on 2nd September, 2021
INR: Nikkei Services PMI (Aug) on 3rd September, 2021
|•USD: Initial Jobless Claims on 2nd September, 2021
•USD: Trade Balance (Jul) on 2nd September, 2021
|•Shalby Hospitals is an acknowledged leader in India in Orthopedic Care with its presence through 11 multispecialty hospitals spread across the country. Performing more than 10,000 plus joint replacement surgeries annually and commanding 15% of the total share of the organized market in India, Shalby is equipped with renowned experts of the domain, making it the go-to place for orthopedics.
•State Bank of India on Wednesday announced that it has raised ₹4,000 crore of the Basel compliant Additional Tier 1 (AT1) bonds at coupon rate of 7.72%. This is the first AT1 Bond issuance in the domestic market post the new SEBI regulations.
•Vedanta Ltd on Wednesday said that its board has approved interim dividend of ₹18.50 per equity share for FY22, amounting ₹6,877 crore. This is the first interim dividend for 2021-22.
•State-owned Oil and Natural Gas Corp (ONGC) has pumped first gas from its deep-water U1B well in Krishna Godavari block KG-D5 in the Bay of Bengal. The well, in KG-DWN 98/2 Block’s Cluster-2, has an estimated peak production of 1.2 million cubic meters per day of gas, the company said in a statement.
•Hindustan Zinc today said that it has extended its planned shutdown at one of the roasters at Chanderiya Lead Zinc Smelter in view of the need to repair and overhaul many major structural components of the roaster to avoid any operational risk in the future.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BESTAGRO||Preferential Issue of shares||02-Sep-21||KABRADG||General||02-Sep-21|
|DUKEOFS||General||02-Sep-21||KREONFIN||A.G.M.;Preferential Issue of shares||02-Sep-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ARCHITORG||02-Sep-21||Dividend – Rs. – 0.50||PNBGILTS||02-Sep-21||Final Dividend – Rs. – 3.00|
|ASHIANA||02-Sep-21||Final Dividend – Rs. – 0.40||SURYAROSNI||02-Sep-21||Final Dividend – Rs. – 1.50|
|COALINDIA||02-Sep-21||Final Dividend – Rs. – 3.50||TNPETRO||02-Sep-21||Final Dividend – Rs. – 2.50|
|GRSE||02-Sep-21||Final Dividend – Rs. – 1.1500||TRIL||02-Sep-21||Final Dividend – Rs. – 0.10|
|JTEKTINDIA||02-Sep-21||Final Dividend – Rs. – 0.1500||VOITHPAPR||02-Sep-21||Final Dividend – Rs. – 5.00|
|KOVAI||02-Sep-21||Final Dividend – Rs. – 3.00||VSSL||02-Sep-21||Dividend – Rs. – 1.50|
|MANALIPETC||02-Sep-21||Dividend – Rs. – 1.50||ZEEL||02-Sep-21||Final Dividend – Rs. – 2.50|