Nifty opened at 17842.75 with a gap down of 115 points. The index saw a minor rally, recorded its intraday high and then started drifting downwards. Prices have seen a sharp down move of more than 100 points and recorded its intraday low at 17779.85. Prices again bounce its day highs. The rally could not sustain there and again moved down towards its day lows and the index finally closed at 17807.65 with 0.83% down. The METAL and 01L GAS outperformed today and closed with a gain of 1.35% & 0.88% respectively. The rest of the sectoral today led by the IT, BANK, and FINANCIAL.
It was again a volatile day today where prices have seen two sharp declines and two sharp rallies. Yesterday we discussed two important levels in the index. The 18100 levels should now act as resistance while a strong support in the 17600 – 17800 range. Hence buying opportunity will emerge either on a close above 18100 or holding of 17600 – 17800 support zone. The current support within this zone if the index continues its bullish momentum after the dip
BANK NIFTY opened at 37711.30 with a ga p down of 253 points. The index continued its bearish momentum, and recorded its intraday low at 37513.85. Prices than bounced up, broke its early morning highs and recorded its intraday high moved down, came close to its intraday lows and finally closed at 37855.80 with a loss of 376 points. PVT BANKS have underperformed today and ended with a loss of 1.28%. Within the index, in terms of points, SBIN contributed the highest while HDFC BANK contributed the lowest.
The short-term trend is up and prices have rallied almost 3700 points (more than 10%) from its swing lows to its swing high: correction. We should now wait for this correction to be over.
|BHARTIARTL||775||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 770 and for the target of 785|
|IRCTC||791||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 790 with a stop loss of 800 and target of 780.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|INDHOTEL.Apr 28||253.25||6.92||14.38||24594530||IRCTC.Apr 28||784.4||-4.41||14.61||12782000|
|TATAPOWER.Apr 28||289.85||5.46||7.89||1.08E+08||MARICO.Apr 28||522||-4.3||8.35||8049000|
|SAIL.Apr 28||111.2||4.51||7.8||1.55E+08||RAIN.Apr 28||197.4||-4.2||5.31||6440000|
|CONCOR.Apr 28||716||4.16||6.22||6396000||MPHASIS.Apr 28||3212.7||-3.62||6.32||1604750|
|NATIONALUM.Apr 28||130.9||3.81||5.08||92080500||HDFC.Apr 28||2544.25||-3.43||5.01||19748700|
|Short Covering||Long Unwinding|
|GSPL.Apr 28||284.15||0.18||-0.6||2534700||BANKNIFTY.Apr 28||37724||-1.09||-1.3||2086500|
|ASIANPAINT.Apr 28||3165.45||0.39||-0.35||5194650||ATUL.Apr 28||9940.35||-0.85||-1.56||161325|
|COROMANDEL.Apr 28||832||0.59||-3.11||1384375||NIFTY.Apr 28||17864.85||-0.85||-3.3||10571150|
|LICHSGFIN.Apr 28||388.45||0.65||-1.14||24152000||PFIZER.Apr 28||4466.45||-0.66||-1.72||135625|
|ASHOKLEY.Apr 28||124.65||0.65||-1||39078000||BAJAJFINSV.Apr 28||16805.05||-0.6||-0.02||618500|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Max Financial Services l||776.6||-0.42||336563||0||78.12||Nifty50||17807.4||-0.83||76263|
|Icici Prudential Life In||516.5||1.64||2016994||0||67.53||Niftybank||38067.9||-1.47||76263|
|Gmr Infrastructure Limit||40.9||3.54||14368192||0||66.86||Nifty it||36466.55||0.06||76263|
|Tech Mahindra Limited||1459.35||-1.99||2627895||0||66.61||India Vix||18.49||3.24||76263|
|Sbi Cards And Payment Se||854.1||1.8||5034995||0||66.04||Nifty Fmcg||37656.8||1.25||76263|
|Reliance Industries Ltd||2619.05||-0.27||5656703||0||65.3||Nifty Pharma||13809.25||0.15||76263|
|Crompton Greaves Consume||382.2||0.39||1929072||0||63.34||Nifty Realty||474.9||-0.26||76263|
|Infosys Limited||1828.85||-1.73||5407453||0||61.27||Nifty Auto||10936.5||1.23||76263|
|Hcl Technologies Ltd.||1170.5||-2.09||2838968||0||59.13||Nifty Metal||6640.45||0.52||76263|
|Ipca Laboratories Ltd.||1022.35||-0.98||576365||0||58.45||Nifty Media||2448.2||-0.26||76263|
|Torrent Pharma Ltd.||2733.25||-1.9||152465||0||58.06||Nifty Financial Services||17989.3||-1.58||76263|
UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 8th April, 2022
INR: RBI Interest Rate decision on 8th April, 2022
|•USD: Initial Jobless Claims on 7th April, 2022
•USD: FOMC Member Bostic Speaks on 7th April, 2022
- Tata Motors is actively considering tapping into some of the export markets beyond South Asia, for its range of electric vehicles (EVs) as it sees an opportunity of selling affordable EVs in markets outside India. The export plans will coincide with the commercial launch of the Curvve – an electric SUV concept that broke cover on Wednesday, in two years from now, Shailesh Chandra, MD, Tata Motors PVs and Electric Mobility, told Business Standard.
- The proposed merger of HDFC Bank and HDFC Ltd will moderately hurt the lender’s profitability in the next 2-3 years, driven by higher funding costs to meet the regulatory liquidity norms, global rating agency Moody’s Investors Service said on Wednesday. The rating agency, however, affirmed all the ratings of HDFC Bank, including the Baa3 long-term local and foreign current deposit ratings and Ba3(hyb) Additional Tier 1 securities rating.
- Invesco Developing Markets, the largest shareholder of Zee Entertainment Enterprises, is selling 7.8 per cent stake worth Rs 2,200 crore in the entertainment major via block deals on Thursday. Invesco owns 18.8 per cent stake in Zee and has supported the merger between Zee and Sony Entertainment.
- ndia’s Bharat Petroleum Corp Ltd has bought 2 million barrels of Russian Urals for May loading from trader Trafigura, two sources familiar with the purchase said. Refiners in India, the world’s third biggest oil importer and consumer, have been snapping up Russian oil through spot deals since Russia’s invasion of Ukraine on Feb. 24, taking advantage of deep discounts as other buyers back away.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ARL||General||07-Apr-22||KLKELEC||Audited Results;Quarterly Results||08-Apr-22|
|DECANBRG||Audited Results;General||07-Apr-22||LATIMMETAL||Stock Split||08-Apr-22|
|MODINATUR||Preferential Issue of shares||07-Apr-22||MCCHRLS-B||General||08-Apr-22|
|SWSOLAR||Audited Results;Quarterly Results||07-Apr-22||PANORAMA||General||08-Apr-22|
|ADANIENT||Preferential Issue of shares||08-Apr-22||PFS||Quarterly Results||08-Apr-22|
|ADANIGREEN||Preferential Issue of shares||08-Apr-22||SINDHUTRAD||Bonus issue;General||08-Apr-22|
|ADANITRANS||Preferential Issue of shares||08-Apr-22||DARSHANORNA||Audited Results||09-Apr-22|
|CESL||Scheme of Arrangement||08-Apr-22||DECCAN||General;Preferential Issue of shares||09-Apr-22|
|GTPL||Audited Results;Final Dividend||08-Apr-22||UNISTRMU||Audited Results||09-Apr-22|
|HIPPOCABS||Audited Results;Half Yearly Results||08-Apr-22||VEGETABLE||General||09-Apr-22|
|ICSL||Audited Results||08-Apr-22||ROLTA||Quarterly Results||10-Apr-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|BHAGCHEM||07-Apr-22||Right Issue of Equity Shares||NARAYANI||07-Apr-22||Resolution Plan -Suspension|
|DISAQ||07-Apr-22||Interim Dividend – Rs. – 150.0000||SUPPETRO||07-Apr-22||Reduction of Capital|
|DWARKESH||07-Apr-22||Interim Dividend – Rs. – 2.0000||VIPULORG||07-Apr-22||Bonus issue 1:4|
|EDELWEISS||07-Apr-22||Interim Dividend – Rs. – 0.2500||ANGELONE||08-Apr-22||Interim Dividend – Rs. – 7.0000|
|EKI||07-Apr-22||Interim Dividend – Rs. – 20.0000||DATASOFT||08-Apr-22||E.G.M.|
|FILATEX||07-Apr-22||Buy Back of Shares||ASIANTILES||11-Apr-22||Right Issue of Equity Shares|
|JOHNPHARMA||07-Apr-22||Bonus issue 1:10||BMW||11-Apr-22||Interim Dividend – Rs. – 0.0200|
|KKALPANAIND||07-Apr-22||Spin Off||PCBL||11-Apr-22||Stock Split From Rs.2/- to Rs.1/-|
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