Nifty opened at 17436.90 with a minor gap down of just 28 points. The index recorded its intraday low at 17422.70 a few ticks below the opening prices and bounced up. Prices have rallied and come close to 17500 17550 levels and then formed a narrow trading range here. The whole afternoon prices have moved sideways and eventually broke on the upside. Another sharp rally came towards the end of today’s trading session and prices have recorded its intraday high at 17703.70. The index finally closed at 17670.45 with a gain of 205.70 points or 1.18% up. All the sectoral indices have closed with gains today except the PHARMA which ended 0.03% down. The BANK, REALTY, and OIL GAS outperformed today and ended with a gain of more than 2%.
A trading range inside 17000 17500 broke decisively on the upside which is giving us a pattern target of around 18000. Since prices have already rallied almost 700 points in the last five trading days, we may see one or two days of consolidation or even a dip. The shortterm trend is up and the previous resistance around 17500 should now act as a support level. Any dip towards this level will be a buying opportunity in the index and on Monday, we should buy if the index comes at or below 17500 with a stop of 110 points and a target of 220 points.
BANK NIFTY opened at 36298.35 with a gap down of 73 points. The index recorded its intraday low at 36242.35 and started moving on the upside. Soon prices have started consolidating and eventually broke out on the upside. Prices have rallied higher and recorded its intraday high at 37209.80 and finally closed at 37164.15 with a gain of 793 points. PSU BANKS have outperformed today and ended with a gain of 3.99%. PVT BANKS have also performed well today and closed with a gain of 2.23%.
In last trading day, we suggested going long on a dip at or below 35900 or on a breakout above 36800. Prices have broken out 36800 during the day and we went long there. The trade is still intact as prices have neither touched the stop nor the target. Stay long with a stop at 36800 and a target at 37600.
|LT||1790||BUY||The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought with a stop loss of 1775 and for the target of 1820|
|ATUL TTD||9870||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 9850 with a stop loss of 10020 and target of 9650.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|SBIN||520 CE||BUY||12||CMP||8||20||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|TORNTPHARM.Apr 28||2793.15||0.1||1237.09||712000||ESCORTS.Apr 28||1553.85||-8.16||2437.89||5304200|
|INDUSTOWER.Apr 28||222.4||0.14||32.31||15985200||ATUL.Apr 28||9842||-4.67||2532.56||169800|
|LTI.Apr 28||6182.9||0.18||2236.15||1201950||ALKEM.Apr 28||3493.9||-3.14||961.11||191000|
|JSWSTEEL.Apr 28||734.4||0.18||992.53||26253450||IPCALAB.Apr 28||1025||-2.79||1044.02||947250|
|INFY.Apr 28||1909.95||0.21||774.69||26836500||INTELLECT.Apr 28||919||-2.62||1421.65||1107000|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Tata Consultancy Serv Lt||3758.75||0.5||1387014||0||73.67||Nifty50||17670.45||1.18||82527|
|Hcl Technologies Ltd.||1169.65||0.51||2479745||0||70.54||Niftybank||37148.5||2.13||82527|
|Honeywell Auto India Ltd||39764.75||0.22||1325||0||68.03||Nifty it||36343.4||0.07||82527|
|Icici Lombard General In||1348.6||1.53||212179||0||67.53||India Vix||18.43||-10.34||82527|
|Crompton Greaves Consume||372.9||-0.29||1901520||0||66.84||Nifty Fmcg||36712.15||1.17||82524|
|Power Grid Corporation o||225.05||3.81||29747971||0||66.71||Nifty Pharma||13579.9||-0.03||82524|
|Torrent Pharma Ltd.||2786.7||-0.19||92468||0||66.61||Nifty Realty||474.55||2.37||82524|
|Infosys Limited||1903.55||-0.17||6171518||0||66.51||Nifty Auto||10676.85||1.18||82527|
|Itc Ltd.||253.3||1.06||14305709||0||65.29||Nifty Metal||6477.2||0.83||82527|
|Icici Bank Ltd.||736.25||0.81||12658848||0||65.15||Nifty Media||2420.6||1.72||82527|
|Astral Limited||1980.7||-2.09||415551||0||64.82||Nifty Financial Services||17467.15||1.87||82527|
UPCOMING ECONOMIC DATA
|INR: Nikkei Markit Manufacturing PMI (Mar) on 4th April, 2022
INR: Nikkei Services PMI (Mar) on 6th April, 2022
|•USD: ISM Non-Manufacturing PMI (Mar) on 5th April, 2022
•USD: Trade Balance (Feb) on 5th April, 2022
- Gail (India) Coal India Limited (CIL) on Friday reported a record coal production in FY22 at 622.6 million tonnes, registering an annual growth of 4.4 per cent. In 2020-21, coal production stood at 595.2 million tonnes (MT). Coal supplies to power generation companies during FY22 also touched a record of 540.4 MT, up 21.4 per cent as compared to 445 MT in FY21.
- Asian Paints Ltd on Friday said it will acquire stake in two companies — White Teak and Weatherseal Fenestration — in a move to strengthen its presence in the fast-growing home improvement and dcor segment. Asian paints will acquire 100 per cent of Obgenix Software, popularly known by the brand name of White Teak, in a staggered manner over the next three years.
- After bagging Utkal B1 and B2 coal block in the Angul-Talcher belt in the state, Jindal Steel & Power Limited (JSPL) on Friday said it would develop its Odisha plant into the largest and greenest facility in the world. This was stated by the company’s chairman Naveen Jindal. He said JSPL has secured sufficient reserves of coal to enable the mega steel company to enhance its capacity for green steel making.
- Gross GST collection in March touched an all-time high of over Rs 1.42 lakh crore, the Finance Ministry said on Friday. The gross GST revenue collected in March 2022 is Rs 1,42,095 crore, of which CGST is Rs 25,830 crore, SGST is Rs 32,378 crore, IGST is Rs 74,470 crore (including Rs 39,131 crore collected on import of goods).
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BCONCEPTS||Employees Stock Option Plan;General||04-Apr-22||EQUIPPP||General||06-Apr-22|
|GARMNTMNTR||Employees Stock Option Plan;Stock Split||04-Apr-22||GENNEX||Rights Issue;General||06-Apr-22|
|BHAGCHEM||Right Issue of Equity Shares||05-Apr-22||SNIM||Consolidation of Shares||06-Apr-22|
|CANOPYFIN||General||05-Apr-22||DECANBRG||Audited Results;Quarterly Results;General||07-Apr-22|
|DWL||General||05-Apr-22||SWSOLAR||Audited Results;Quarterly Results||07-Apr-22|
|GILADAFINS||Bonus issue||05-Apr-22||CESL||Scheme of Arrangement||08-Apr-22|
|MERMETL||Increase in Authorised Capital;General||05-Apr-22||ICSL||Audited Results||08-Apr-22|
|ZMILGFIN||Increase in Auth. Capital;Pref. Issue||05-Apr-22||BETXIND||General||11-Apr-22|
|DARSHANORNA||Stock Split||06-Apr-22||GOLECHA||Quarterly Results||11-Apr-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ACC||04-Apr-22||Final Dividend – Rs. – 58.0000||FILATEX||07-Apr-22||Buy Back of Shares|
|KAMAHOLD||04-Apr-22||Interim Dividend – Rs. – 111.0000||JOHNPHARMA||07-Apr-22||Bonus issue 1:10|
|NIRMITEE||04-Apr-22||E.G.M.||NARAYANI||07-Apr-22||Resolution Plan -Suspension|
|WIPRO||05-Apr-22||Interim Dividend – Rs. – 5.0000||VIPULORG||07-Apr-22||Bonus issue 1:4|
|DISAQ||07-Apr-22||Interim Dividend – Rs. – 150.0000||ANGELONE||08-Apr-22||Interim Dividend|
|DWARKESH||07-Apr-22||Interim Dividend – Rs. – 2.0000||DATASOFT||08-Apr-22||E.G.M.|
|EDELWEISS||07-Apr-22||Interim Dividend – Rs. – 0.2500||BMW||11-Apr-22||Interim Dividend – Rs. – 0.0200|
|EKI||07-Apr-22||Interim Dividend – Rs. – 20.0000||PCBL||11-Apr-22||Stock Split From Rs.2/- to Rs.1/-|
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