Equity Big Shot- Indian Market View, Vol 121

Settlement Price

Nifty: 15118.95 (-0.59%)

Bank Nifty: 36587.00(-0.88%)

USDINR: 72.57. (-0.28%)

FII Data (Approx.)

Institution/Daily Net Position/Monthly Net Position (Cash, In crores...)

FII (+903cr) (+23755cr)

DII (-1217cr) (-15463)

Again a tug of war is going on in cash segment but this time FII don't want to take risk. That's why they hedged most of their position. There is a heavy selling in Index future from last few days as we have seen pressure in it.

Put Call Ratio/Maximum Pain

NIFTY 1.12/15000

BANK NIFTY 0.87/36000

Stocks in the news

DLF: The company's subsidiary has completed the acquisition of 51.8 percent stake in Fairleaf at Rs 779.40 crore.

Engineers India & Oil India: Both companies to jointly bid for 61.65 percent stake in Numaligarh Refinery.

NMDC: Its Donimalai iron ore mine operations have restarted.

Ambuja Cements: The company reported higher profit at Rs 497.1 crore for Q4CY20 against Rs 454.9 crore in Q4CY19, while revenue increased to Rs 3,515.1 crore from Rs 3,135.9 crore YoY.

ACC & Ambuja Cements: Both companies' board members approved renewal of master supply agreement between two to three years.

Shilpa Medicare: The company has received an Import Alert 66-40, pursuant to the USFDA inspection of the Unit IV, Jadcherla, Telangana facility from February 13-20 and February 24-25, 2020.

Nifty Futures

Nifty future has support at 14900 and resistance at 15265---15450

Today is Friday and we have to watch weekly settlement carefully. Continue three days fall in Nifty futures reduces strength on the chart. We too clearly indicted that most of the stock looks tired and selling pressure could arise.

Be cautious for the day.

Bank Nifty Futures

Bank Nifty futures has support at 36000 and resistance at 37200

Either side break or close with volume will decide further. Till then traders can trade within a range and wait for confirmation.

Top Pick

(Holding) Buy Thermax in cash above 1180. Stop loss below 1100. Target 1400+++

EPL... Made a high of 229 but unable to sustain. (Not able to move as per our expectations. Exit around 222---225).

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