1
Daily Equity Trend 22 March 2021
Equity Indices
Market Review
Domestic markets rebounded sharply after witnessing selling
pressure for straight five days and closed in green. The
barometer, BSE Sensex climbed 641.72 points or 1.30 percent to
close at 49,858.24 while Nifty50 rallied 186.15 points or 1.28
percent. The Nifty Bank gained 304.80 points or 0.90 percent.
Sectoral action was seen in power, utilities, energy, FMCG and
metal stocks. Reality and capital goods witnessed profit-booking.
On the broader market front, S&P BSE mid-cap index gained
267.79 points or 1.35 percent and S&P BSE small-cap index
closed 84.38 points or 0.41 percent up. Overall market breadth
turned positive. on BSE, total 1423 shares advanced while 1522
shares fell. Total 191 shares were unchanged. Foreign
Institutional Investors (FIIs) net bought shares worth Rs 1,418.43
crores while Domestic Institutional Investors net purchased shares
worth Rs 559.62 crores in the Indian equity markets.
Today’s Economic Events: India & Global
- Nil
Advance/Decline – NSE
0.7
0.5
0.9
0.2
0.3
1.1
0.0
0.2
0.4
0.6
0.8
1.0
1.2
0
400
800
1,200
1,600
2,000
12-Mar 15-Mar 16-Mar 17-Mar 18-Mar 19-Mar
Num
ber o
f Sha
res
Advance (LHS) Decl ine (LHS) Adv/Decl Ratio (RHS)
NSE Movement
Particulars 19-Mar-21 18-Mar-21 % Change
Traded Value
(Rs. In Crores)93917 63459 32.43
Traded Quantity
(in Lakhs)38650 29268 24.27
Number of Trades 24251154 20502358 15.46
Total Market Cap.
(Rs. In Crores)20217266 19993525 1.11
Asian Indices
Nikkei SGX Nifty Hang Seng
Current Quote 29,269.70 14,748.50 28,989.01
% Change -1.75% 0.01% -0.01%
Live Markets As on 08.00 hours IST
Shanghai
3,433.96
0.86%
NIFTY Vs. Institutional Activity
1508114938
14956
15098
15175
15031
10000
10500
11000
11500
12000
12500
13000
13500
14000
14500
15000
15500
16000
(30000)
(20000)
(10000)
0
10000
20000
30000
40000
50000
05-Mar 08-Mar 09-Mar 10-Mar 12-Mar 15-Mar
(Rs` Mn)
FI I (LHS) MF (LHS) Nif ty (RHS)
Provisional Figures for Investments
Volume Shockers
0.00
20.00
40.00
60.00
80.00
100.00
IIF
L
AA
RT
IDR
UG
S
BR
IGA
DE
WE
ST
LIF
E
CR
ED
ITA
CC
NH
KO
LT
EP
AT
IL
ZY
DU
SW
EL
L
PO
KA
RN
A
AA
VA
S
83.7978.25
26.02 21.99 18.20 18.118.10 5.56 4.73 4.42
Volumes (Rs. Lakhs)
Last Close % Change P/EDivindend
Yield
Sensex 49,858 1.30 34.71 0.72
Nifty 14,744 1.28 40.16 1.08
Nifty Midcap 50 6,753 1.54 107.20 1.37
Nifty Auto 10,187 0.42 201.80 1.60
Nifty Bank 34,162 0.90 31.56 0.37
Nifty Energy 18,985 3.16 18.26 2.53
Nifty Fin. Services 15,985 0.86 34.33 0.55
Nifty FMCG 34,028 2.43 44.16 1.34
Nifty IT 25,563 0.75 32.51 1.65
Nifty Media 1,654 0.94 0.00 2.31
2
Daily Equity Trend 22 March 2021
Business News
Adani Green Energy – the company has signed agreement with
the Toronto-headquartered SkyPower Global to acquire 100 per
cent stake in a special purpose vehicle (SPV) that owns 50 MW
operating solar asset in Telangana. The project has a long-term
power purchase agreement with the Southern Power Distribution
Company. With this acquisition, company can increase its
operating renewable capacity of 3,395 MW with a total
renewable portfolio of 14,865 MW.
Voltas – company is expecting a double-digit growth in sales of
air conditioners on account of “buoyant summer” and hybrid
working model adopted by people in the backdrop of the Covid
pandemic. The company reached the pre-Covid sales numbers
during the festival season last year and expecting positive
momentum to continue in this summer.
Manappuram Finance – the company is planning to raise up to
Rs 6000 crores through various ways, including the issuance of
redeemable non-convertible debentures on private placement
and/or a public issue in one or more tranches in the next
financial year.
Gainers & Losers
4.53%
4.37%
4.14%
4.11%
4.02%
-1.18%
-0.68%
-0.55%
-0.39%
-0.19%
-16% -6% 4% 14%
NTPC
HINDUNILVR
POWERGRID
JSWSTEEL
UPL
LT
TECHM
COALINDIA
BAJAJ-AUTO
TITAN
% Change
NIFTY Vs. India VIX
15031 14930 1491014721
1455814744
21.7 21.220.2 20.2 20.1 20.0
15
20
25
30
35
40
13000
13500
14000
14500
15000
15500
16000
12/Mar 15/Mar 16/Mar 17/Mar 18/Mar 19/Mar
Nif ty Spot (LHS) INDIA VIX (RHS)
Global Indices
Source: SSL Research, Economic Times, Business Line, Business Standard, Times of India, DNA Money, Mint, Financial Express, Bloomberg
Economic Update – India & Global FPIs remain net buyers in March so far – foreign portfolio
investors have invested a net sum of Rs 8,642 crores in Indian
markets in March so far. According to data released by
depositories FPIs poured in Rs 14,202 crore into equities but
pulled out Rs 5,560 crore from debt segment between March 1-
19.
Gold imports slip 3.3 percent – according to data published by
commerce ministry, gold imports fell 3.3 percent to USD 26.11
billion during April-February 2020-21. Gold imports stood at USD
27 billion in April-February 2019-20. The decline in gold imports
has helped in narrowing the country's trade deficit to USD 84.62
billion during the 11-month of the current fiscal, as against USD
151.37 billion last year.
% Change YTD
DJIA -0.71 7.95
S&P 500 -0.06 5.74
Nasdaq100 0.61 1.36
FTSE100 -1.05 2.08
CAC -1.07 7.32
DAX -1.05 6.51
KOSPI -0.86 3.23
US Dollar Index 0.02 2.39
Last Close
3039.53
92.08
32,628
12,867
6,709
5,998
14,621
3,913
ADR
ADR Close NSE Close 1 Day
INFOSYS 18.40 1345.40 -0.70
ICICI BANK 15.90 586.50 -1.60
DRREDDY 58.00 4274.60 -1.40
HDFC BANK 77.80 1497.10 24.60
TATAMOTORS 20.70 309.00 -2.60
(Converted to INR) Prem / (Disc) in (%)
3
Daily Equity Trend 22 March 2021
Technical View
NIFTY - Daily Chart – 14744
Intraday Stock Picks:
1. M&M: Buy M&M above 851(Spot) for the target of 869 with keeping SL of 836.
2. NMDC: Buy NMDC above 134(Spot) for the target of 142 with keeping SL of 131.
Market Outlook:
NIFTY witnessed initially selling pressure and recovered
from lower level of 14350 levels on last Friday with
formation of piercing line candlestick pattern on daily chart
and Hammer pattern on weekly chart indicating bulls were
unable to completely reverses the losses and if NIFTY
sustains above 14919/14956 levels on weekly closing
basis then more bullish movement might be expected
before an outright potential buy signal is given with good
volumes. Above 14956 levels it could test at 15050/15100
levels. However, on the downside the support will be at
14470/14350 levels. Breakout of 14350 levels would invite
broad based correction in near term and then we could
see the projected target of NIFTY at 13750/13595 levels.
Movements of number of Covid19 cases at domestic level,
US bond yields and global markets will continue to weigh
on market sentiments.
BANK NIFTY – Daily Chart -34161.60
Market Outlook:
BANKNIFTY is likely to remain consolidation zone and the
next support will be at 33360 levels. Breakout of 33360
would invite selling pressure and then 33140/32840 or
even 31570 levels are possible. On the higher side the
resistance will be at 34740/34900/35100 levels. Breakout
of 35352/35545 would invite buying pressure and then
35770/36180 levels.
Bulk Deals
Company Acquirer Qty Price Seller Qty Price
MAYURFL PRAKASH SHAH 1,11,500 3.55 KHEM SUM APPARELS OVERSEAS LTD 1,11,500 3.55
MSRINDIA AEGIS INVESTMENT FUND 3,14,400 9.94 ASPIRE EMERGING FUND 3,14,400 9.94
RDBRIL FAITHFUL VANIJYA PRIVATE LIMITED 2,45,844 17.75 AUM CAPITAL MARKET PRIVATE LIMITED 2,45,844 17.75
4
Daily Equity Trend 22 March 2021
F&O Cues
The Put Call ratio stood at 1.23 levels and suggesting that
consolidation with positive bias on NIFTY Future. The Nifty
futures were at 14756 at premium of 12 points compared with
the Nifty's closing of 14744 in the cash market.
On the options front, call open interest (OI) of 36.19 lakh
contracts was seen at the 15000-strike price and this will act
as a crucial resistance level for current series. This is
followed by 14900 strike prices, which holds 19.16 lakh
contracts in open interest, and 14800, which has
accumulated 18.44 lakh contracts in open interest.
Put open interest of 30.38 lakh contracts was seen at 14500
strike price, which will act as crucial support for current
series. This is followed by 14000 strike price, which holds
26.84 lakh contracts in open interest, and 14200 strike price,
which has accumulated 16.95 lakh contracts in open interest.
The Indian Volatility Index was seen increasing by 8.47%,
closing at 25.20 indicating volatitliy may remain high in
coming trading sessions.
NIFTY Spot Vs PCR
14000
14500
15000
15500
0.00
0.40
0.80
1.20
1.60
15/Mar 16/Mar 17/Mar 18/Mar 19/Mar
PCR-OI PCR-VOL NIFTY
FIIs Statistics in F&O
Product Buy Sell Net OI
(% Change)
INDEX FUTURES 8952.31 7445.28 1507.03 -6.99
INDEX OPTIONS 411427.93 410391.25 1036.68 17.88
STOCK FUTURES 20450.35 18954.18 1496.17 0.40
STOCK OPTIONS 22043.83 21941.50 102.33 2.15
Total 462874.42 458732.21 4142.21 13.44
FIIs Fund Activity
11000
12000
13000
14000
15000
16000
(2000)(1500)(1000)(500)
0500
100015002000
15/
Mar
16/
Mar
17/
Mar
18/
Mar
19/
Mar
FII B/S OI Nifty Spot
NIFTY Options OI
0
1
2
4
142
00
143
00
144
00
145
00
146
00
147
00
148
00
149
00
150
00
151
00
152
00
Put OI Call OI
Stocks in Ban Period for Trade
- IDEA, SAIL
Derivatives Snapshot – NIFTY
Particulars Spot Future Prem. / Disc. Futures OI PCR OI PCR VOL VIX (%)
Current 14744.00 14756.45 12.45 12240075 1.20 0.92 19.99
Previous 14557.85 14577.05 19.20 12490125 0.83 0.89 20.08
Change (%) 1.28 1.23 – -2.00 – – –
NIFTY: Premium (+)/Discount (-)
36.75 34.520.4
-79.75
49.25 50
19.212.45
-100
-80
-60
-40
-20
0
20
40
60
9/M
ar
10/M
ar
12/M
ar
15/M
ar
16/M
ar
17/M
ar
18/M
ar
19/M
ar
5
Daily Equity Trend 22 March 2021
Sector Movements
Sectors
Price
% Change OI %
Change
Auto 0.49 -4.35
Banking 1.14 -5.85
FMCG 2.34 -10.48
Oil & Gas 1.56 -7.48
Metals 1.30 -6.94
IT 0.55 -4.49
Telecom 0.15 -11.59
Capital Goods -0.28 -5.77
Pharma 1.30 -5.41
Power 3.99 -8.07
Financial Services 1.50 -5.65
Infra -0.20 -1.22
Media 2.88 -40.37
Chemicals & Fertilizers 3.76 -13.35
Insurance 1.69 -6.84
Paint 0.70 -4.74
Real Estate -0.65 -17.41
Others -0.49 -4.66
Bull/Bear Signals – OI v/s Price
Long Buildup
Scrip Price %
Price Change
%
OI Change
%
Delivery
CHOLAFIN 552.45 4.26 22.17 45.07
CUMMINSIND 890.20 4.43 17.31 38.18
COFORGE 2975.65 3.17 5.90 13.80
M&M 851.50 0.39 4.25 64.17
M&MFIN 216.00 6.90 3.49 36.18
Short Buildup
Scrip Price %
Price Change
%
OI Change
%
Delivery
LT 1415.05 -1.29 1.55 46.93
MUTHOOTFIN 1236.35 -0.77 1.10 35.40
Short Covering
Scrip Price %
Price Change
%
OI Change
%
Delivery
PAGEIND 28433.60 0.45 -0.11 31.57
SHREECEM 27037.75 1.27 -0.64 46.57
ULTRACEMCO 6676.60 2.14 -0.87 35.99
IBULHSGFIN 216.05 0.49 -0.96 37.61
UBL 1211.60 2.37 -1.10 26.80
Long Unwinding
Scrip Price %
Price Change
%
OI Change
%
Delivery
GMRINFRA 25.35 -0.20 -1.22 33.15
TITAN 1469.15 -0.35 -1.23 53.30
APOLLOHOSP 2934.50 -0.92 -1.99 39.90
IDEA 9.85 -1.01 -2.04 35.05
BEL 127.00 -1.44 -2.21 50.31
Sector Cues
• Long unwinding was seen in INFRA and
REALESTATE stocks.
• Short Covering was seen in FMCG, TELECOM
and METALS stocks.
Stock Futures Snapshot
✓ An Increase in open interest along with increase in price
indicates positive bias and long build up was seen in
CHOLAFIN, CUMMINSIND and COFORGE.
✓ An increase in open interest along with decrease in price
indicates negative bias and short build up was seen in LT
and MUTHOOTFIN.
Top Stock Options IV
Scrip Strike CE/PE Volume
ITC 230 CE 37994
ITC 220 CE 27240
ITC 225 CE 21188
ITC 240 CE 20373
ITC 210 PE 11011
BHARTIARTL 540 CE 10904
HINDUNILVR 2300 CE 10048
HDFCBANK 1500 CE 9825
ICICIBANK 600 CE 9549
ITC 220 PE 8876
ITC 215 PE 8607
BAJFINANCE 5500 CE 8572
BAJFINANCE 5400 CE 8006
ICICIBANK 580 CE 7755
ICICIBANK 590 CE 7543
6
Daily Equity Trend 22 March 2021
SSL Research Centre
S. Devarajan Head – Research
(Technical & Derivatives) [email protected] 022-61778621
Gauri Hanmantgad Research Associate [email protected] 022-61778600
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