Morning-Outlook-NiftyNIFTY:

The Nifty opened at 17375.75 with a gap up of 13 points. The index first recorded its intraday high at 17383.40 and then started a process of consolidation. Prices have seen a breakdown in the afternoon and saw a sharp dip of more than 100 points to record its intraday low at 17254.20. The index found support there and then moved up more than 100 points and came close to its days high. Prices finally closed at 17353.50 with a loss of just 8.60 points. The Banks, Financials and Metal have outperformed. The IT, Media and Auto have underperformed and closed with a minor loss.

The Nifty traded very volatile and ended almost flat. Prices have been moving sideways from the last three days, suggesting  a sharp move is about to come. We have strong support around 17000 and resistance around 17500

BANK NIFTY:

Bank Nifty opened at 36519.70 with a gap up of just 54 points. The index recorded its intraday low within the first 5 minutes of trading and then started an up move. Prices have seen a mild correction in the afternoon and then resumed its up move. Private and PSU Banks both have seen an equal rally and ended with a gain of of 0.78% and 0.71%. Within the index, Kotak Bank contributed highest while IDFC First the lowest. It was a trend day in the index on the upside. Trading range is intact with support at 36200 and resistance at 37000.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
KOTAK BANK 1815 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1790 and for the target 1850
REC 157.55 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 154 and for the target 162

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
UPL 770 CE BUY 22 CMP 17 30 OI increase

 

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TRENT.21.09 Sep 1040.85 3.79 36.16 1954600 FINNIFTYW.21.09 Sep 18099.25 -0.22 100 80
NAM-INDIA.21.09 Sep 440.75 4.88 23.28 4168000 IRCTC.21.09 Sep 3273.35 -0.38 17.92 2335125
NAUKRI.21.09 Sep 6722.15 8.28 19.65 1189000 INDUSTOWER.21.09 Sep 235.9 -2.68 17.35 14865200
HDFCAMC.21.09 Sep 3314 5.88 17.11 1354000 SBILIFE.21.09 Sep 1215.4 -1.94 11.45 7459500
INDIAMART.21.09 Sep 9025 2.67 15.64 267900 OFSS.21.09 Sep 4749.25 -0.13 10.6 358750
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
FEDERALBNK.21.09 Sep 83.75 2.26 -3.84 77280000 HINDALCO.21.09 Sep 457 -1.53 -2.38 34462350
AUBANK.21.09 Sep 1184 1.33 -2.1 4167000 TCS.21.09 Sep 3790 -0.98 -1.64 9671400
LTI.21.09 Sep 5430.45 0.25 -1.58 728700 STAR.21.09 Sep 596 -0.47 -1.61 1861650
TORNTPOWER.21.09 Sep 485.15 2.79 -1.57 3393000 APOLLOTYRE.21.09 Sep 215.1 -1.65 -1.37 12062500
TATACONSUM.21.09 Sep 879.5 0.91 -1.1 8487450 MGL.21.09 Sep 1166.95 -0.01 -0.83 1792200

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2800.9 0.84 946706 806198 66.09 Nifty Bank 36768.2 0.82 74271
Bajaj Auto Limited 3725.35 -1.2 396683 296996 65.96 Nifty Energy 21004.7 0.34 74271
Maruti Suzuki India Ltd 6781.25 -1.39 847673 483960 65.07 Nifty Metal 5720.75 0.22 74271
Power Grid Corporation o 172.85 -0.09 19027420 6053880 64.65 Nifty 50 17353.5 -0.05 74271
Tata Consultancy Serv Lt 3774.15 -1.09 4146963 1010493 63.75 Nifty Realty 420.7 -0.07 74271
Infosys Limited 1693.25 -0.79 4584825 2197436 62.42 Nifty Fmcg 40263.45 -0.07 74271
Icici Lombard General In 1610.75 1.32 752121 666264 61.13 Nifty Pharma 14349.45 -0.26 74271
Hdfc Life Insurance Comp 743.65 1.28 3070424 1697736 58.71 Nifty Auto 10100.4 -0.52 74271
Ntpc Limited 114.05 -1.55 10508292 4330117 56.07 Nifty Media 1652.45 -0.64 74271
Aarti Industries Ltd. 910.3 0.62 1079687 333680 55.87 Nifty it 34678.2 -0.78 74271

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
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

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News Updates

•The Union Cabinet today approved a PLI Scheme for Textiles for MMF Apparel, MMF Fabrics & 10 segments/products of Technical Textiles with a budgetary outlay of Rs 10,683 crores over the next five years. The scheme, part of 13 identified sectors, some of which have already been approved by the Union Cabinet, is expected to boost manufacturing activities, add jobs and help scale up textile exports.

•Public sector steel major, Steel Authority of India Limited (SAIL), is looking to more than double capacity to 50 million tonnes (mt) by 2030. In a letter to shareholders, Soma Mondal, chairman, SAIL, said, “In line with the National Steel Policy 2017, your company has formulated its Vision 2030, whereby it is envisaged to enhance the crude steel capacity to 50 mt.”

•Indian government is considering allowing foreign institutional investment of up to 20% in Life Insurance Corporation, according to a government source, reported Reuters on Wednesday. The listing of LIC is set to be India’s biggest ever IPO, with the government aiming to raise up to Rs 90,000 crore ($12.24 billion) from its stake sale.

•The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi crops for Rabi Marketing Season (RMS) 2022-23. It has announced the highest increase of 8.6% in prices of mustard, while the second highest increase of 7.8% is in prices of masur. Both the prices of mustard and masur have hit their historic high levels due to production shortages.

Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

Board Meetings

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AANCHALISP Quarterly Results 09-Sep-21 TWINSTAR A.G.M. 11-Sep-21
BRPL General 09-Sep-21 UNIAUTO General 11-Sep-21
BUDGE BUDGE Voluntary Delisting of Shares 09-Sep-21 WEBELSOLAR General 11-Sep-21
GAMMONIND Quarterly Results 09-Sep-21 ATLASCYCLE Dividend;Quarterly Results 12-Sep-21
NAVIGANT General 09-Sep-21 AMTEKAUTO Audited Results 13-Sep-21
OMEAG A.G.M. 09-Sep-21 ASRL General 13-Sep-21
PENINLAND General 09-Sep-21 EASTRED General 13-Sep-21
RJBIOTECH A.G.M.;General 09-Sep-21 GOLDIAM Buy Back of Shares 13-Sep-21
TANVI General 09-Sep-21 KOHINOOR General 13-Sep-21
ASHIANA General 10-Sep-21 RNBDENIMS Stock  Split 13-Sep-21
PNB General 10-Sep-21 RPPINFRA Right Issue of Equity Shares 13-Sep-21
RAINBOWF Right Issue of Equity Shares 11-Sep-21 SHUBHAM Quarterly Results 13-Sep-21

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GNA 09-Sep-21 Dividend – Rs. – 2.50 SNL 09-Sep-21 Final Dividend – Rs. – 4.50
GNA 09-Sep-21 Special Dividend – Rs. – 2.50 TAMBOLI 09-Sep-21 Dividend – Rs. – 0.90
GROVY 09-Sep-21 Final Dividend – Rs. – 0.10 UNIABEXAL 09-Sep-21 Dividend – Rs. – 10.00
GUFICBIO 09-Sep-21 Final Dividend – Rs. – 0.10 VARIMAN 09-Sep-21 Dividend – Rs. – 0.1500
LANCER 09-Sep-21 Final Dividend – Rs. – 0.50 YSL 09-Sep-21 Final Dividend – Rs. – 40.00
ORICON 09-Sep-21 Dividend – Rs. – 0.50 ADVAIT 13-Sep-21 Final Dividend – Rs. – 1.00
SALAUTO 09-Sep-21 Final Dividend – Rs. – 3.50 BHARATSE 13-Sep-21 Final Dividend – Rs. – 0.50
SAYAJIIND 09-Sep-21 Final Dividend – Rs. – 1.00 BLISSGVS 13-Sep-21 Final Dividend – Rs. – 0.50
SHIVAMILLS 09-Sep-21 Final Dividend – Rs. – 1.00 CHANDRAP 13-Sep-21 Final Dividend – Rs. – 1.00
SHIVTEX 09-Sep-21 Dividend – Rs. – 1.20 DALMIASUG 13-Sep-21 Dividend – Rs. – 3.00

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