The Nifty opened at 17399.35 with a gap up of 76 points. The index first moved up and recorded its intraday high at 17429.55 and then started a process of consolidation. That consolidation broke on the downside and prices have seen a down move. The index recorded its intraday low at 17345.50. The index consolidated and moved choppy and narrow in the second half closing at 17377.8. The Realty sector outperformed an ended with a gain of more than 3%. The IT and Media also did well. Banks and Financials have underperformed.
The Nifty continued making lifetime new highs and the index moved up above 17400.The short term trend is up and Nifty has closed higher for the third consecutive day. The Nifty is slowly moving up and coming close to its psychological resistance level of 17500.Support is visible around 17050.
Bank Nifty opened at 36878.25 with a gap up of 115 points. For the first five minutes of trading, the index rallied and recorded its intraday high at 36923.65.Prices then saw a sharp decline in the first haf and then consolidated in the second half. Private and PSU Banks both have seen a decline and closed lower by 0.54% and 0.1%. Within the index, Axis Bank contributed highest while HDFC Bank the lowest.
It was a trend day on the downside. Prices are facing resistance at 37000 mark where as support lies at 36200.
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|HCLTECH||1200.15||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1180 and for the target 1225|
|CUMMINS||1047||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1030 and for the target 1080|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|INFY||1740 CE||BUY||33.5||CMP||26||43||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|INDIAMART.21.09 Sep||9026||10.67||40.8||207075||HAL.21.09 Sep||1361.95||-2.58||16.85||1488650|
|OFSS.21.09 Sep||4848||1.69||21.87||320375||ICICIGI.21.09 Sep||1569.95||-3.99||13.71||2217225|
|PVR.21.09 Sep||1381.3||2.72||20.96||2409440||SRF.21.09 Sep||10279.4||-0.86||9.11||633000|
|NATIONALUM.21.09 Sep||98.75||6.01||18.32||121193000||GUJGASLTD.21.09 Sep||688.75||-1.8||8.52||2962500|
|POLYCAB.21.09 Sep||2330||4.4||17.09||456300||POWERGRID.21.09 Sep||172||-0.61||7.52||31272712|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|UBL.21.09 Sep||1582.1||0.42||-5.32||1582000||INDUSTOWER.21.09 Sep||224.7||-0.42||-2.65||12936000|
|MANAPPURAM.21.09 Sep||169.15||3.08||-2.61||24180000||ONGC.21.09 Sep||120||-1.48||-2.02||55894300|
|PETRONET.21.09 Sep||231.7||0.43||-1.87||20913000||BEL.21.09 Sep||194.7||-1.89||-1.96||26805200|
|LUPIN.21.09 Sep||986.4||1.51||-1.86||9605850||SUNPHARMA.21.09 Sep||784||-0.78||-1.35||34742400|
|DIXON.21.09 Sep||4293||0.84||-1.84||339250||TORNTPHARM.21.09 Sep||3140.9||-1.61||-1.34||812750|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Infosys Limited||1730.4||1.75||4876026||3764063||70.5||Nifty Realty||431.05||3.16||80943|
|Power Grid Corporation o||174.1||-0.83||10462864||6383450||69.27||Nifty it||35415.1||1.5||80943|
|Hdfc Bank Ltd.||1565.7||-0.66||3938448||3543509||66.02||Nifty Media||1661.4||1.32||80943|
|Hindustan Unilever Ltd||2780.6||0.5||1444978||998221||63.91||Nifty Auto||10167.25||0.42||80943|
|Hcl Technologies Ltd.||1200.15||2.16||4331916||2868614||63.28||Nifty Metal||5742.7||0.41||80943|
|Hdfc Ltd.||2765.3||0.24||1729080||1150278||60.08||Nifty Energy||21008.55||0.36||80943|
|Larsen & Toubro Limited||1694.2||0.16||1850835||1399568||59.91||Nifty 50||17377.8||0.31||80943|
|Ntpc Limited||116.45||-0.47||7005043||5381132||57.46||Nifty Pharma||14481.55||-0.03||80943|
|Hdfc Asset Management Co||3188.75||0.78||537741||246160||57.32||Nifty Fmcg||40169.05||-0.14||80943|
|Icici Bank Ltd.||721.15||-0.43||5329995||5145148||57.21||Nifty Bank||36592.35||-0.46||80943|
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 9th September, 2021
•USD: Crude Oil Inventories on 9th September, 2021
|•NMDC Limited is planning a capital expenditure of ₹3,750 crore and iron ore output of 44 million tonnes (mt) duringFY22, up from 35 MT achieved during the Covid-hit 2020-2021. “We have targeted iron ore output of 44 million tonnes this fiscal. And we are drawing up a big capex plan so that we can achieve a target of 100 million tonnes per annum of iron ore output within 4-5 years,” Sumit Deb, CMD, NMDC, said at an investor meet.
•”Vodafone Idea has been under financial stress as reflected by mounting losses and burgeoning debt levels, which is likely to impact its financial lenders as well as Government, apart from having a bearing on its employees, its subscribers and associated industries, most prominently towers,” ICRA said in a statement. In the event of VIL exit, the tower industry may be confronted with vacation of around 180,000 tenancies that the telco currently occupies.
•India’s largest power generation utility NTPC Ltd plans to partner with India’s quasi-sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF) and state-owned Oil and Natural Gas Corp (ONGC) for acquiring and developing green energy assets including offshore wind projects. This was articulated by NTPC chairman and managing director Gurdeep Singh in a letter to the shareholders in the utility’s annual report.
•Domestic air passenger traffic continued on the growth trajectory in August with volumes growing up to 31 per cent to 66 lakh over the previous month, helped by higher capacity deployment and a downward trend in the pandemic, credit ratings agency ICRA said on Monday. The domestic passenger traffic in July 2021 was 51 lakh.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|FRANKLIN||General||07-Sep-21||MRSS||Preferential Issue of shares||07-Sep-21|
|JISLDVREQS||Preferential Issue of shares||07-Sep-21||OPTOCIRCUI||Quarterly Results||07-Sep-21|
|JISLJALEQS||Preferential Issue of shares||07-Sep-21||PBGLOBAL||A.G.M.||07-Sep-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|APCL||07-Sep-21||Final Dividend – Rs. – 5.00||GOODRICKE||07-Sep-21||Dividend – Rs. – 3.00|
|ASHOKALC||07-Sep-21||Final Dividend – Rs. – 0.50||JSTL||07-Sep-21||Dividend – Rs. – 0.50|
|AXTEL||07-Sep-21||Dividend – Rs. – 3.00||KIOCL||07-Sep-21||Final Dividend – Rs. – 1.6400|
|BALFC||07-Sep-21||Final Dividend – Rs. – 0.50||PANCARBON||07-Sep-21||Dividend – Rs. – 12.00|
|BEARDSELL||07-Sep-21||Dividend – Rs. – 0.10||PARAGMILK||07-Sep-21||Final Dividend – Rs. – 0.50|
|CGCL||07-Sep-21||Dividend – Rs. – 0.40||PRAXIS||07-Sep-21||Right Issue of Equity Shares|
|COMPUAGE||07-Sep-21||Final Dividend – Rs. – 0.20||PRINCEPIPE||07-Sep-21||Final Dividend – Rs. – 2.00|
|COMPUSOFT||07-Sep-21||Final Dividend – Rs. – 0.30||RADIXIND||07-Sep-21||Final Dividend – Rs. – 0.50|
|CORAGRO||07-Sep-21||Final Dividend – Rs. – 2.00||SHBCLQ||07-Sep-21||Final Dividend – Rs. – 0.30|
|CYBERTECH||07-Sep-21||Final Dividend – Rs. – 1.00||SWANENERGY||07-Sep-21||Dividend – Rs. – 0.10|