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  • Indian shares ended a volatile session higher on Monday as bond yields fell, European stocks rebounded from Friday's steep losses and U.S. stock futures pointed to a positive open later in the day. Domestic stocks fell notably earlier in the day, mirroring weakness in other Asian markets after a Fed official said inflation risks may warrant higher interest rates by 2022, a year sooner than his colleagues' projections. The rebound in the second half of the session was led by heavyweights such as Reliance Industries and Adani Ports. Nifty index rose 63.15 points, or 0.40 percent, to settle at 15,746.50.
  • First day of week was quite volatile where index open with the bearish mode however it cover its gap and formed bullish belt hold pattern on the daily chart. The formation of candle indicates that bulls are trying to capture the market which may leads to further buying till 15900  level. Likewise RSI took support near 60 and turned positive from that level so it might work as a good support level. So, with the bullish sentiment we can expect 15900 mark in the short term with the support of 15450.
  • Nifty  Put O I addition was seen at 15600 followed by 15500 which can act as short term support.
  • Nifty Call O I addition was seen at 16000 followed by 15900.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 33000 followed by 34000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 37000 followed by 35500 which can act as short term resistance.
RESEARCH REPORT
  • Indian shares ended Friday's extremely choppy session on a flat note, tracking mixed global cues. Markets ended off their day's lows as the dollar rally paused, oil extended overnight losses and benchmark Treasury yields slid below 1.5 percent to reach levels seen going into the Fed meeting earlier in the week. Nifty index hit the 15,450 levels before settling at 15,683.35, down 8.05 points, from its previous close. The rupee rose by 22 paise to close at 73.86 against the greenback, snapping its eight-session long losing streak.
  • Index open bullish mode where it unable to maintain its charge and observed massive selling in the first half. Nifty test 15450 and stared moving towards 15750 level which result in long lower wink in the nifty. Index formed hanging man pattern on the daily chart which indicates reversal from the current level. Likewise, we can see bearish confirmation by giving  negative crossover on MACD which gives the confirmation about the weakness in the market. RSI reached near its support level so we might see current level as a good support for nifty. So, we might see further weakness if index close below support level and on a contra side if index sustain above 14800 then it leads in further buying in the market.
  • Nifty  Put O I addition was seen at 15200 followed by 15600 which can act as short term support.
  • Nifty Call O I addition was seen at 16000 followed by 16200.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 32000 followed by 33500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 34500 followed by 36000 which can act as short term resistance.
 

 

RESEARCH REPORT
  • Indian shares ended lower on Thursday, tracking weak global markets after Federal Reserve officials on Wednesday projected hikes in interest rates by 2023, a year earlier than expected, citing an improved health situation amid the vaccine rollout. The rupee fell nearly 1 percent to trade below the 74 per U.S. dollar mark in the afternoon on fears that a tapering of asset purchases by the Fed may impact foreign institutional investor (FII) flows into emerging markets, including India. Nifty index ended down 76.15 points, at 15,691.40 as weekly option contracts expired.
  • Index open with the negative note where bulls tried to capture the market but unable to maintain its hold in previous session and selling pressure observed in the second half and bears pushed nifty below 15700. Index formed small body candle with the upper shadow which indicates that selling comes from the higher end. Furthermore, we can see bearish crossover on MACD which gives the confirmation about the weakness in the market. RSI faced hurdle near its previous resistance level. Above all the factors are indicating that bears are now back in charge which may result in further selling pressure with the resistance level of its trendline.
  • Nifty  Put O I addition was seen at 15400 followed by 15300 which can act as short term support.
  • Nifty Call O I addition was seen at 15700 followed by 15800.  which can act as short term resistance.
  • Nifty Bank Put O I Reduction was seen at 35500 followed by 35000.
  • Nifty Bank Call O I reduction was seen at 37000 followed by 35500.
RESEARCH REPORT
  • Indian shares hit fresh record highs on Tuesday, with firm global cues and hopes of faster domestic economic recovery boosting sentiment. Cues from Asia and Europe were positive amid expectations the Federal Reserve will reaffirm its ultra-loose policy at the end of a two-day policy meeting starting later today. Many Indian states eased coronavirus restrictions as the country reported the lowest daily spike in infections since March 31 with 60,471 new cases in the last 24 hours. With focus shifting to economic recovery, investors shrugged off data that showed retail inflation hit a six-month high in May. Nifty index ended the session up 57.40 points, at 15,869.25.
  •  
  • Index is trading in strong bullish trend where in previous session index open with the positive note and bulls manage its charge. Index formed narrow range Doji candle on daily chart. However we can observe divergence between nifty and ROC which is indicating that participants are now cautious about the rally as well as previous candle also indicating indecisiveness. However, index is in bullish control  So weakness can be only seen if index breach its support line.
  • Nifty  Put O I addition was seen at 15800 followed by 15900 which can act as short term support.
  • Nifty Call O I addition was seen at 16300 followed by 16000.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 35000 followed by 33500 which can act as short term support.
  • Nifty Bank Call O I reduction was seen at 37500 followed by 35000.
RESEARCH REPORT
  • Indian stocks continued their gaining streak to end the day with gains over half percent as optimism of economic rebound and progress in pandemic fight evinced buying interest across major sectors. The healthy earnings season and expectations of further stimulus measures by the government too bolstered investor confidence, prodding the indexes to bullish territory. Nifty 50 touched an all time high of 15450 in intra-day trade and closed at 15435.65, near the earlier peak of 15469.65, after rising 0.55 percent from previous close.
  • Nifty closed at the all time high where it took breakout of rounding bottom pattern which clearly indicates that bulls are in control and it is pushing nifty to make new all time high. If bulls maintain its charge over the market so it may result in 15700 level in near future. On contrary side index formed partial evening star pattern which is sign of reversal so if bulls lose its control and index drop below 15350 it leads to weakness in the market. Along with this ATR & India Vix is dropping continuously which indicates that volatility is reducing drastically which may translate in some rang bound moves short term.
  • Nifty  Put O I addition was seen at 15400 followed by 15000 which can act as short term support
  • Nifty Call O I addition was seen at 16000 followed by 15500.  which can act as short term resistance
  • Nifty Bank Put O I addition was seen at 35000 followed by 33000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 37500 followed by 36000 which can act as short term resistance.
RESEARCH REPORT
  • Indian shares ended notably higher on Wednesday as data showed the country's daily recoveries continued to outnumber the daily new coronavirus cases for the 13th consecutive day. Positive cues from global markets also offered support after several Federal Reserve officials reiterated that any inflation will be transitory and the Fed will maintain its current dovish monetary policy stance. Financials and IT stocks led the surge, while metal stocks succumbed to profit taking as the surge across commodity prices eased amid China's warning against hoarding and speculation. Nifty index ended up 93 points, at 15,301.45. Index open with the positive note where we observed some weakness in the first half however bulls manage to maintain its charge and close nifty above 15300 level.
  • Index formed hanging man pattern on the daily chart which is sign of reversal. Conversely, its RSI took breakout of resistance which indicate positivity among participants. As well as index is forming rounding bottom pattern on the daily chart where confirmation will come after index successfully sustain above 15350 level. so for the further buying pressure index has to breach its resistance level.
  • Nifty Put O I addition was seen at 15300 followed by 15200 which can act as short term support.
  • Nifty Call O I reduction was seen at 15800 followed by 15200.
  • Nifty Bank Put O I addition was seen at 34500 followed by 34000 which can act as short term support. 
  • Nifty Bank Call O I addition was seen at 36000 followed by 34500 which can act as short term resistance. 
RESEARCH REPORT
  • Indian shares ended a choppy session modestly higher on Monday as the country's daily COVID-19 cases continued to decrease after peaking on May 9, raising hopes for some resumption of economic activities. Domestic rating agency Icra forecast a 2 percent uptick in India's GDP growth during the March FY21 quarter, and 3 percent from the gross value-added perspective - meaning that the NSO projection of a double-dip contraction is avoided. In another development, the Reserve Bank of India (RBI) surprised the Centre with a record Rs 99,122 crore in surplus transfer for FY21, helping cushion the fiscal deficit burden for the government.
  • Nifty index settled at 15,197.70, up 22.40 points, from its previous close. After a volatile session index close near its previous session. Which result in high wave candle on daily chart. The candle is indicating indecisiveness among the participation. However, RSI is facing hurdle near 60 level if index sustain above this than we might see further positivity in the market. Overall market is in bullish mode so we can observe 15500 level with the support of 14800.
  • Nifty Put O I addition was seen at 15200 followed by 14700 which can act as short term support.
  • Nifty Call O I addition was seen at 15300 followed by 15400. which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 35000 followed by 32500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 37000 followed by 37500 which can act as short term resistance.
RESEARCH REPORT
  • Indian shares posted strong gains on Monday as a declining coronavirus caseload boosted market sentiment. The daily new COVID cases being registered in India fell below 3 lakh after 26 days, but the death toll climbed to 2,74,390 with 4,106 fatalities, according to the health ministry. Meanwhile, investors shrugged off official data, which showed India's wholesale price-based inflation shot up to a record high of 10.49 percent in April, on rising prices of crude oil and manufactured items. Analysts said a low base of April last year contributed to the spike in inflation in April 2021. Nifty index ended up 245.35 points, at 14,923.15.
  • Banks and financialsled gainers despite mixed global cues. Index is still trading in downward slopping channel and nifty again reach near its resistance which is upper band of the channel so we can consider this level as a strong hurdle for the bulls. In previous trading session index formed strong bullish candle on the daily chart which indicate bulls are now trying to capture the market. Furthermore, RSI again reached at previous resistance level. Overall market is in bullish controlso further upside is only possible if it sustain above 15000 mark.
  • Nifty Put O I addition was seen at 14700 followed by 14800 which can act as short term support.
  • Nifty Call O I reduction was seen at 15500 followed by 14800.
  • Nifty Bank Put O I addition was seen at 33000 followed by 32000 which can act as short term support.
  • Nifty Bank Call O I reduction was seen at 33000 followed by 32500.
RESEARCH REPORT
  • Indian shares fell sharply on Tuesday to snap a four-day winning streak as inflation worries returned to the fore and investors looked ahead to U.S. inflation data and speeches from Fed officials to see how authorities are likely to respond to receding risks posed by the coronavirus in some major economies. As inflation worries mount, it is feared that the Federal Reserve might start reining in its ultra-loose monetary policy sooner than expected. On the COVID-19 front, the total active virus cases in the country dipped to 37,15,221 today with a net decline of 30,016 cases being recorded in a span of 24 hours for the first time after 61 days, the health ministry said. Also, the new recoveries outnumbered the new cases seen in the last 24 hours. Nifty index fell 91.60 points, to settle at 14,850.75.
  • The Index opened with negative bias and started moving towards 14,900. Nifty formed a small body green candle on the daily chart with shows some buying interest from lower level. Moreover RSI test its previous resistance level and stared moving on the negative side. Overall market is still on the bullish mode So, further buying comes only if the index decisively closes above 15000 mark.
  • Nifty Put O I addition was seen at 14800 followed by 14700 which can act as short term support.
  • Nifty Call O I addition was seen at 15100 followed by 15000. which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 32000 followed by 32500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 33500 followed by 33000 which can act as short term resistance.
RESEARCH REPORT
  • Indian shares rose for the second straight session on Thursday, with automakers, metal and IT companies leading the surge. India today reported a new high of 4,12,262 new COVID cases and 3,980 deaths, taking the country's tally to 2,10,77,410, according to the Union Health Ministry. There were hopes that U.S. President Biden's decision to back waiving intellectual property rights on vaccines will quicken the vaccination process enabling countries like India to come out of the pandemic faster. Nifty index rose 106.95 points, to 14,724.80 despite mixed global cues and renewed worries about the COVID-19 situation in the country.
  • Index open with positive note and bears push nifty its support level of 50 days EMA after testing this level bulls manage to take charge. index formed small body with lower shadow which shows buying interest among the participants. Index’s RSI took support near its previous level of 46 also stared moving on a positive side as well as 56 is working as a resistance level. So we might see consolidation till it breach its resistance level of 15000 with the support of 50 days EMA.
  • Nifty Put O I addition was seen at 14700 followed by 14500 which can act as short term support.
  • Nifty Call O I addition was seen at 14700 followed by 15200. which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 32000 followed by 32500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 33500 followed by 33000 which can act as short term resistance. 
RESEARCH REPORT
  • Indian shares rose sharply on Wednesday, with financials and healthcare firms pacing the gainers, after RBI Governor Shaktikanta Das allowed the restructuring of retail and MSME loans, as part of a calibrated strategy to tackle the second COVID-19 wave in the country. The RBI Governor also unveiled a host of other measures to boost fund flow to the healthcare sector and said the second wave was not "insurmountable" and that the future remained "bright". Investors shrugged off survey results from IHS Markit showing that the country's service sector activity expanded at a softer pace in April. Nifty index climbed 121.35 points, to 14,617.85.
  • We experience volatile session where index open with positive bias and bears push nifty toward 14500. however bulls manage to take control and drive nifty above its 50 days EMA which is working as a important level for both bulls and bears. Index’s RSI took support near its previous level of 46 also stared moving on a positive side. In this process index formed dragonfly doji which shows buying interest among the participants. On optimistic side index we can see 14750 level in coming session with the support of 14530.
  • Nifty Put O I addition was seen at 14600 followed by 14300 which can act as short term support.
  • Nifty Call O I addition was seen at 14600 followed by 15000. which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 32000 followed by 31000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 34000 followed by 35000 which can act as short term resistance.
RESEARCH REPORT
  • Indian shares ended lower on Friday, with mixed global cues and renewed worries about the Covid19 situation in the country weighing on sentiment. With this, India's trend of registering the world's highest daily tally continues, pushing the country's total infection count to 16,263,695 cases. Several countries, including Australia, Britain, Canada, and the United Arab Emirates have barred or cut flights from India. Fitch Ratings affirmed India's sovereign rating at 'BBB-' with a negative outlook, but warned the resurgence of Covid-19 infections may delay the country's economic recovery.
  • Nifty index settled at 14,341.35, down 64.80 points, from its previous close. Third straight week where index formed long shadow small body candle which is indicating volatility is increasing in the market due to rise in covid cases in India. Where in previous trading session index observed selling from the higher end and closed near its open. We are noting that index is still in a small range. It is stuck between 50 and 100 days EMA so for further confirmation abut the moment index has to breach any of this level.
  • Nifty Put O I addition was seen at 14000 followed by 14100 which can act as short term support.
  • Nifty Call O I addition was seen at 14800 followed by 14600. which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 29000 followed by 31000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 33000 followed by 34000 which can act as short term resistance.
RESEARCH REPORT
  • Indian shares succumbed to heavy selling pressure on Monday as spoking Covid-19 cases in the country and fears over fresh lockdowns in some states dented hopes for a swift economic recovery from the pandemic. India has recorded a massive surge of 169,899 Covid-19 cases and 904 deaths in the last 24 hours, breaking all records and overtaking Brazil to become the second-most affected country globally by the novel coronavirus. Maharashtra remains the worst-affected state with as many as 63,294 new cases, 34,008 recoveries and 349 deaths in the last 24 hours. Global brokerage company Nomura has cut India's GDP forecast to 12.6 percent from 13.5 percent forecast earlier, reflecting the pandemic drag on the economy. Nifty index plunged 524.05 points, to 14,310.80.
  • Nifty open with the negative note and observed selling pressure continued in whole session which result in Bearish Marubozu on the daily cht. However 50 days EMA which was strong support of the index is now working as a resistance level. Index is trading in downward trading channel where it again test its lower band in previous session. As well as on RSI it reached near support level of 40. So, if nifty breach this support than we might see another round of selling in the market.
  • Nifty Put O I Reduction was seen at 14800 followed by 14500.
  • Nifty Call O I addition was seen at 14500 followed by 14600. which can act as short term resistance.
  • Nifty Bank Put O I Reduction was seen at 32500 followed by 32000.
  • Nifty Bank Call O I addition was seen at 31000 followed by 32000 which can act as short term resistance. 
RESEARCH REPORT
  • Indian shares rose sharply on Thursday, mirroring firm cues from global markets after U.S. President Joe Biden announced a multi-trillion-dollar infrastructure investment plan and the latest surveys showed Eurozone factory activity soared in March. The dollar rally passed and yields steadied after the European Central Bank's chief economist reportedly said that the ECB had no intention of curbing its support despite rising inflation. Closer home, India's goods and services tax (GST) collection in March this year hit a record high of Rs 1.23 lakh crore, suggesting that the economic recovery is gathering steam. Nifty index ended up 176.65 points, or 1.20 percent, at 14,867.35.
  • Nifty open with the positive bias where we observed some selling in first half however after a volatile session index close near its high. Buying pressure witnessed from the lower end which result in small body long lower shadow candle on the daily chart. Moreover, index’s RSI breach its downward slopping trendline. However, index is in broad range consolidation so support can be seen near 14650 and might face resistance near 15000 for short term.
  • Nifty  Put O I addition was seen at 14700 followed by 14800 which can act as short term support 
  • Nifty Call O I addition was seen at 14900 followed by 15000.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 33500 followed by 33000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 34500 followed by 35000 which can act as short term resistance.
RESEARCH REPORT
  • Indian shares ended deep in the red on Wednesday as investors remained wary of spikes in coronavirus cases in major economies, including Germany, France, and Italy. Closer home, the Ministry of Health and Family Welfare has said that all the three new coronavirus variants - the U.K., Brazilian, and South African -- that have wreaked havoc in several countries have been detected in India and were spread out in 18 states. Nifty index ended down 265.35 points, or 1.79 percent, at 14,549.40 ahead of futures and options (F&O) monthly expiry. Metal stocks were among the worst-hit on renewed concerns over the global economic recovery outlook.
  • In the previous session nifty open with the negative note but fill the gap in an earlier session. After that bears take charge and push nifty below 14550 in the second half which results in a long body red candle on the daily chart. In addition to this index closed below 50 days EMA which was acting as a support. Along with this index is forming a bearish cap pattern which is a bearish pattern so we might observe further selling if it close below 14450 levels. Considering all the above factors we might see a bearish mode in the coming future with the resistance of 14900.
  • Nifty Put O I Reduction was seen at 14800 followed by 14700 
  • Nifty Call O I addition was seen at 14700 followed by 14600.  which can act as short term resistance
  • Nifty Bank Put O I Reduction was seen at 34000 followed by 33500.
  • Nifty Bank Call O I addition was seen at 34000 followed by 34500 which can act as short term resistance.

 

RESEARCH REPORT
RESEARCH REPORT
  • Indian shares ended deep in the red once again on Thursday as Fed Chair Jerome Powell's promise to look past inflation raised long-dated bond yields and steepened the Treasury curve to new 5-1/2 year highs. The dollar pushed higher helped by rising U.S. Treasury yields after the Federal Reserve said it expects inflation to rise to 2.4 percent in 2021, much higher than the target inflation rate of 2 percent, before slowing to 2 percent in 2022. Investors worry that if inflation picks up, central banks might respond by raising interest rates, which would cool economic growth. Likewise, it feared that rising bond yields and a robust outlook for U.S. growth could make foreign investors wary about investing in emerging markets.  Nifty index tumbled 163.45 points, to 14,557.85, with pharma, IT and healthcare stocks pacing the decliners.
  • In yesterday’s session index open with positive note where bulls unable to maintain that level and bears back in charge and push nifty below 14500 in second half. Nifty formed three black crow formation on daily chart which indicates that bears became aggressive at higher level and strong selling may continue in coming future. Index closed below its 50 days EMA which can be consider as a strong support. If bulls are unable to close nifty above 14900 then we might see another round of selling.
  • Nifty  Put O I addition was seen at 14200 followed by 14900 which can act as short term support 
  • Nifty Call O I addition was seen at 15000 followed by 14900.  which can act as short term resistance
  • Nifty Bank Put O I addition was seen at 33000 followed by 32000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 34000 followed by 35000 which can act as short term resistance

 

RESEARCH REPORT
  • Indian shares fell for a second straight session on Monday, as a combination of rising bond yields, weak macro data released on Friday and rising Covid-19 cases in the country sapped investors' appetite for risk. U.S. bond yields hovered near a 13-month peak today as data indicating a surge in China's factory and retail sector activity in the first two months of the year added to investor optimism about economic recovery. On the Covid-19 front, India is witnessing a surge in new coronavirus cases, with Maharashtra, Punjab, Karnataka, Gujarat and Tamil Nadu contributing more than 78 percent of the new cases recorded on Monday. Partial lockdowns have already been enforced in some cities. Nifty index dropped 101.45 points, to 14929.50.
  • Another session where nifty made open high formation where we observed strong selling in first half however bulls back in charge in the second half which result in Hammer pattern which is indicating that buying pressure comes from the lower end. Apart from this we can observe bearish divergence with RSI which may result in another round of selling. Market in in bears grip so we can see observe sell on every rise unless and until it started trading above 15300 level.
  • Nifty Put O I Reduction was seen at 15300 followed by 15000 
  • Nifty Call O I addition was seen at 15100 followed by 14800.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 34000 followed by 33500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 35000 followed by 36000 which can act as short term resistance.
RESEARCH REPORT
  • Indian shares gave up early gains to end sharply lower on Friday amid selling across the board. Sentiment soured as the benchmark 10-year U.S. Treasury yields hit 1.6 percent once again after the release of better-than-expected jobless claims data and the passage of a massive fiscal stimulus. Rising Covid-19 infections across the country and climbing oil prices also weighed on markets. Crude prices eased somewhat today but held near recent highs on optimism about a recovery in demand. The nifty index hit an intraday high of 15,336.30 before settling at 15,030.95, down 143.85 points, from its previous close.
  • The index formed an open high in the previous session where massive selling was observed in the second half and formed a bearish Marubozu pattern on the daily chart. On the weekly time frame index formed dragonfly Doji which indicates that participants trying to sell from the higher end. In addition to this bearish divergence can be seen on weekly RSI which also indicates weakness in the market. 15500 can be act as a strong resistance zone so for bullish momentum index has to sustain above this level meanwhile we can have a negative bias.
  • Nifty  Put O I addition was seen at 15300 followed by 15000 which can act as short term support 
  • Nifty Call O I addition was seen at 15300 followed by 15400.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 34500 followed by 34000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 37000 followed by 36500 which can act as short term resistance.
RESEARCH REPORT
  • Federal Reserve Chair Jerome Powell failed to ease concerns around both a spike in inflation and a sustained rise in interest rates. Climbing oil prices also weighed on markets. The U.S. 10-year yields held above 1.5 percent, while the dollar surged to three-month highs after Powell said he expects some inflationary pressures in the time ahead. Powell said the recent run-up in bond yields was "notable" and that "disorderly conditions in financial markets" or a broad tightening of financial conditions would provoke a policy change. But he stopped short of saying that recent market gyrations meet those tests. Powell repeated his pledge to keep credit loose but offered few signs that the central bank might expand monetary stimulus. The nifty index dropped 142.65 points, to 14,938.10.
  • The index fell sharply on Friday amid a global sell-off where the index open with a gap down and the gap was over in the first half and bears take charge in the second half and second straight session where nifty formed upper shadow which shows selling from the higher end. As we discussed earlier index is stuck in a broad range so participants have to wait for further confirmation about the trend.
  • Nifty  Put O I addition was seen at 14500 followed by 14900 which can act as short term support 
  • Nifty Call O I addition was seen at 15500 followed by 15000.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 34000 followed by 33500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 36000 followed by 38000 which can act as short term resistance.
RESEARCH REPORT
  • Indian shares hit record highs on Monday amid optimism that falling coronavirus infection rates in different parts of the world and the continued rollout of vaccines will provide a major boost to economic recovery. Stimulus news remained in focus as well after U.S. lawmakers approved a budget outline that will allow them to muscle President Biden's $1.9 trillion Covid-19 relief package through in the coming weeks without Republican support. High capex and bold reforms announced in the Union Budget, the Covid-19 vaccination drive in India and upbeat corporate earnings results also helped equity indexes end higher for the sixth straight day running. Nifty index hit an intraday high of 15,159.90 before settling at 15,115.80, up 191.55 points, from its previous close.
  • Nifty open above its resistance level of 15000 and successfully sustain above that level. The index formed a running gap on the previous session which is indicating strong bullish momentum in the market which results in a positive candle. However, nifty’s RSI again reaches near 70 which might work as a resistance level so we might observe further buying if the index sustains above this level.
  • Nifty  Put O I addition was seen at 15000 followed by 15100 which can act as short term support 
  • Nifty Call O I addition was seen at 15500 followed by 15100.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 36000 followed by 33500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 38500 followed by 36500 which can act as short term resistance.
RESEARCH REPORT
  • Indian shares ended off their day's highs on Friday despite positive global cues and better-than-expected December quarter results from State Bank of India. Earlier today, the Reserve Bank of India (RBI) left its key interest rates unchanged, as expected, at the first policy-setting meeting of the year. Meanwhile, in a big initiative which will broader the investor base, RBI governor Shaktikanta Das announced direct online participation by retail investors in government securities in both primary and secondary market. Key benchmark indexes ended higher for the fifth straight session after hitting record highs in early trade. Nifty index briefly traded above the 15,000 mark before settling at 14,924.25, up 28.60 points, from its previous close.
  • In previous trading session index open with positive note and extended above 15000 on the other hand it unable to sustain above that level and start falling in second half however bulls manage to close nifty above its previous close. Nifty formed spinning top pattern on previous session which indicates that we might see correction from current level. In addition to this index is trading near resistance level so positivity can be expect only if it sustain above 15000 level.
  • Nifty  Put O I addition was seen at 14900 followed by 14500 which can act as short term support 
  • Nifty Call O I addition was seen at 15500 followed by 15200.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 36000 followed by 35500 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 38000 followed by 37000 which can act as short term resistance.
RESEARCH REPORT

Reliance Indutries Limited

CMP:- Rs.1,897                 Target:- Rs.2,305

  • It is first India company to cross $200 million market capitalization and now among the top 50 globally and top 10 in Asia. The Company delivered strong quarterly results with recovery in its petrochemicals and retail segment. Management will continue  to pursue growth initiatives in each of its business segment.
  • Reliance Jio is the first Indegenous 5G RAN product to reach gigabit throughput. Jio Meet is evolving as a complete platform with providing solutions to different segments. Major focus of the company is towards JIO Fibre. The Company has gain market share in telecom segment and is able to maintained sustainable position.
  • Company has cut down debt and is virtually  a debt free company. Market share gain and sustainable margin improvement reinforce robust business fundamentals and inherent operating leverage. Strong customer engagement and ARPU uplift.
  • Announced acquisition of Future Group’s Retail/Wholesale, Logistics/Warehousing business is subject to varouis approvals.
  • The funds raised by the company in Retail segment will help the company to strength capabilities in new commerce. Largest fund raise in India in consumer / retail sector from marquee global investors.  It is looking to accelerate expansion once restriction eases.
  • Under Refining and marketing segment, Domestic market is poised to recover providing opportunity for higher domestic sales and enhanced margins through Jio- BP partnership.
  • In cracker & Polymer, demand growth is expected to continue over next two quarters. Outlook for PVC is favorable.
  • Pre-commissioning and commissioning of R Cluster development is expected in Q3 FY21. Under Satellite cuslter second offshore installation campaign in on track and its commissioning was expected in Q3 CY21. Under MJ cuslter first offshore installation campaign in on track and its commissioning was expected in Q4 FY21.
  • Currently the share of the company is over valued. In short run it is providing opportunity for the investors to buy the shares on dips and accumulate it. The company is fundamentally sound and along with strong management team it has ability to bounce back and its growth drivers mentioned above will help the company to do so in long run. We recommend a “Buy” rating on Reliance Industries Limited and assign the 12-18 month target price of Rs.2,305 based on 24.09x FY22 EPS.
RESEARCH REPORT
  • Indian shares hit record highs on Monday after the government approved emergency use of two Covid-19 vaccines - one developed by AstraZeneca and Oxford University and another by Bharat Biotech. Global cues also remained supportive as the new EU/UK trade deal regulations came into force over the weekend and the U.K. began the Oxford/AstraZeneca vaccine rollout, making another step in the global battle against the pandemic. With auto sales showing signs of revival and GST collections hitting a record high in December, investors ignored survey results from IHS Markit showing that India's manufacturing expansion unexpectedly slowed in December. Nifty index ended up 114.40 points, at 14,132.90.
  • Index first time closed above 14100 level in previous session. Where after a volatile day index formed hanging men pattern on the daily chart which consider as reversal pattern. In addition to this RSI reach 75 level which worked as a resistance zone. Focusing all the factors we might see some correction from the higher level. If index drop below 14070 level then only we can see weakness in the market.
  • Nifty  Put O I addition was seen at 14100 followed by 14000 which can act as short term support 
  • Nifty Call O I addition was seen at 14500 followed by 14400.  which can act as short term resistance.
  • Nifty Bank Put O I addition was seen at 29500 followed by 31000 which can act as short term support.
  • Nifty Bank Call O I addition was seen at 33500 followed by 32000 which can act as short term resistance.
RESEARCH REPORT