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) s.devarajan@shcilservices.com 022-61778621

Gauri Hanmantgad Research Associate gauri.hanmantgad@shcilservices.com 022-61778600

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