The Nifty opened at 17262.45 with a gap up of 28 points. The index first rallied and moved above 17300. However prices did not sustain there and started drifting downwards. Prices have seen a sharp decline of more than 100 points and recorded its intraday low at 17212.2. The index bounced up from that low and then broke morning highs. The index recorded its intraday high 17340.10 and finally closed at 17323.60 with a gain of 89.45 points. Media, Metal, Realty and Auto outperformed and ended with a gain of more than 1%. Bank, Financial and FMCG underperformed and ended with a loss.
Nifty continued its up move and ended with a gain above 17300 at record levels. The intraday movement was very volatile as prices have seen a swing of more than 100 points in both directions. The index continued recording lifetime new highs and the high was 17340. The Nifty registered with a gain of more than 600 points this week.
Since the index is trading in an uncharted territory so we do not have any visible resistance. But 17500 will be a psychological resistance.
Bank Nifty opened at 36883.65 without much of a gap. The index first saw a sharp rally of almost 250 points and recorded its intraday high at 37140. However the index did not sustain there and started moving downwards to record its intraday low at 36563.20. Prices have seen some recovery in the last hour of trading. PSU Banks have outperformed and closed with a gain 0.71%. Private Banks have seen an underperformance and ended lower by 0.21%. Within the index, Kotak Bank contributed highest while HDFC Bank the lowest.
Prices moved in both directions but closed below the psychological resistance at 37000.
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|BHEL||55.45||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 54 and for the target 58|
|RELIANCE||2388||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2360 and for the target 2430|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|ONGC||125 CE||BUY||2.7||CMP||1.8||4||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|MCX.21.09 Sep||1602.7||3.27||63.71||1734950||IEX.21.09 Sep||541.55||-4.84||21.6||6452500|
|OFSS.21.09 Sep||4767.4||0.62||29.81||262875||DIXON.21.09 Sep||4257.25||-1.26||21.01||345625|
|NATIONALUM.21.09 Sep||93.15||4.78||14.07||102425000||AARTIIND.21.09 Sep||911.35||-1.48||17.76||3861550|
|ONGC.21.09 Sep||121.8||3.88||13.3||57049300||CANFINHOME.21.09 Sep||588.3||-0.05||17.26||1682850|
|BEL.21.09 Sep||198.45||4.42||11.1||27341000||ASHOKLEY.21.09 Sep||121.15||-0.74||15.17||45859500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|TVSMOTOR.21.09 Sep||540.8||1.77||-12.01||4645200||CUMMINSIND.21.09 Sep||1026.7||-1.47||-7.96||2350800|
|COALINDIA.21.09 Sep||146.9||3.45||-5.93||46141200||IBULHSGFIN.21.09 Sep||231.55||-0.52||-4.93||37162800|
|POLYCAB.21.09 Sep||2231.9||0.81||-5.8||389700||NAUKRI.21.09 Sep||6207.2||-1.39||-3.07||986875|
|UBL.21.09 Sep||1575.55||0.64||-5.54||1670900||TRENT.21.09 Sep||1000||-0.45||-2.92||1375325|
|HEROMOTOCO.21.09 Sep||2804.5||2.59||-5.38||4404600||M&MFIN.21.09 Sep||165.85||-0.48||-2.83||29276000|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Power Grid Corporation o||175.55||-0.11||9214857||7642927||75.23||Nifty Energy||20934||2.29||2484574|
|Icici Prudential Life In||697.75||3.2||5187411||4766514||74.56||Nifty Media||1639.75||1.48||388336522|
|Astral Limited||2100.3||-0.37||276936||342186||73.43||Nifty Metal||5719.35||1.17||111510223|
|Hcl Technologies Ltd.||1174.75||0.17||4533364||3688291||70.6||Nifty Realty||417.85||1.06||1521195339|
|Petronet Lng Limited||229.8||1.17||1801480||1432228||70||Nifty Auto||10124.75||1.02||62903221|
|Infosys Limited||1700.65||0.68||5339139||4566165||66.85||Nifty it||34891.15||0.61||1159297|
|Hdfc Bank Ltd.||1576.05||-0.81||5367667||3165332||65.82||Nifty 50||17323.6||0.52||36787798|
|Tech Mahindra Limited||1441.95||0.29||1919590||2482949||64.31||Nifty Pharma||14485.65||0.19||43899930|
|Ntpc Limited||117||0.43||9364904||3608583||63.3||Nifty Fmcg||40226.25||-0.17||590116|
|Kotak Mahindra Bank Limi||1791.85||0.87||4845134||3572436||61.98||Nifty Bank||36761.15||-0.19||17266118|
UPCOMING ECONOMIC DATA
|INR: Industrial Production (YoY) (Jul) on 10th September, 2021
INR: Deposit Growth and Bank Loan Growth on 10th September, 2021
|•USD: Initial Jobless Claims on 9rd September, 2021
•USD: Crude Oil Inventories on 9th September, 2021
|•Franklin Templeton Mutual Fund has said it received a payment of nearly Rs 149 crore from Vodafone Idea Ltd as interest on its securities investment, which will be distributed among investors of the segregated portfolios. “The interest amounting to Rs 148.75 crore due from Vodafone Idea Ltd on September 3, 2021 for the security (Non-convertible debenture /NCD) held in the segregated portfolio of five schemes has been received,” a Franklin Templeton MF spokesperson said.
•Life Insurance Corporation (LIC), the state-owned behemoth, has picked up nearly 4% equity shares in state-owned Bank of India through an open market transaction, the bank said on Friday. LIC has picked up nearly 3.9% (15,90,07,791 shares) of the bank through open market acquisition on September 2, 2021, BoI said in a regulatory filing.
•Stating that Reliance Industries (RIL) “will aggressively pursue” the target of bringing down the cost of green hydrogen to under $2 per kg “well before the turn of this decade”, chairman Mukesh Ambani said on Friday “India can set an even more aggressive target of achieving under $1 per kg within a decade”.
•India’s state-owned Oil & Natural Gas Corp has been excluded from the world’s biggest sovereign wealth fund, due to the “unacceptable risk that the company is contributing to serious violations of the rights of individuals” in its joint ventures with South Sudan’s national oil company Nile Petroleum Corporation.
•To increase textiles exports by up to three-fold to $100 billion at the earliest, the Centre is in talks with state governments to help businesses get land, power and other utilities at attractive rates to set up mega textile parks, trade and textiles minister Piyush Goyal said on Friday.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AMTEKAUTO||Audited Results||06-Sep-21||NUVOCO||Quarterly Results||06-Sep-21|
|MRP||A.G.M.||06-Sep-21||VIVIMEDLAB||Issue Of Warrants;Pref. Issue||06-Sep-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|CHEMCRUX||06-Sep-21||Bonus issue 2:1||ENGINERSIN||06-Sep-21||Final Dividend – Rs. – 0.60|
|SUBROS||06-Sep-21||Dividend – Rs. – 0.70||HERANBA||06-Sep-21||Final Dividend – Rs. – 0.70|
|SHYAMMETL||06-Sep-21||Dividend – Rs. – 2.70||DUTRON||06-Sep-21||Final Dividend – Rs. – 1.20|
|ALBERTDA||06-Sep-21||Dividend – Rs. – 6.00||BHARATRAS||06-Sep-21||Final Dividend – Rs. – 1.50|
|TRANSPEK||06-Sep-21||Dividend – Rs. – 7.50||PIIND||06-Sep-21||Final Dividend – Rs. – 2.00|
|ORIRAIL||06-Sep-21||Final Dividend – Rs. – 0.20||DECCANCE||06-Sep-21||Final Dividend – Rs. – 5.00|