1

Daily Equity Trend 1 February 2021

Equity Indices

Market Review

The domestic markets extended losses for the sixth consecutive

day, dragging indices nearly 1 percent down ahead of Union

Budget. The barometer index, BSE Sensex corrected 588.59

points or 1.26 percent to close at 46,285.77 and the NSE Nifty50

fell 182.90 points or 1.32 percent to close at 13,634.60. The Nifty

Bank outperform the Nifty50, gaining 207.20 points or 0.68

percent. On the broader market front, the S&P BSE mid-cap index

fell 126.14 points or 0.69 percent and the S&P BSE small-cap

index was down 45.70 points or 0.25 percent. Overall market

breadth was negative. On the BSE total 1327 shares advanced

while 1587 shares declined and 150 shares were unchanged.

Foreign Institutional Investors net sold shares worth Rs 5,930.66

crore while domestic institutional investors net bought shares

worth Rs 2,443.2 crore in the Indian equity market.

Today’s Economic Events: India & Global

- NIL

Advance/Decline – NSE

0.4

0.3 0.3

0.5

1.0 0.8

0.0

0.2

0.4

0.6

0.8

1.0

1.2

0

400

800

1,200

1,600

2,000

21-Jan 22-Jan 25-Jan 27-Jan 28-Jan 29-Jan

Num

ber o

f Sha

res

Advance (LHS) Decl ine (LHS) Adv/Decl Ratio (RHS)

NSE Movement

Particulars 29-Jan-21 28-Jan-21 % Change

Traded Value

(Rs. In Crores)84499 71242 15.69

Traded Quantity

(in Lakhs)34884 33530 3.88

Number of Trades 22283674 20591535 7.59

Total Market Cap.

(Rs. In Crores)18474450 18678324 -1.10

Asian Indices

Nikkei SGX Nifty Hang Seng

Current Quote 27,905.26 13,758.00 28,628.90

% Change 0.87% 0.27% 1.22%

Live Markets As on 08.00 hours IST

Shanghai

3,490.12

0.20%

NIFTY Vs. Institutional Activity

1443414281 14521

14645

14590

14372

10000

10500

11000

11500

12000

12500

13000

13500

14000

14500

15000

15500

16000

(20000)

(15000)

(10000)

(5000)

0

5000

10000

15000

20000

25000

30000

18-Jan 19-Jan 20-Jan 21-Jan 22-Jan 25-Jan

(Rs` Mn)

FII (LHS) MF (LHS) Ni fty (RHS)

Provisional Figures for Investments

Volume Shockers

0.0010.0020.0030.0040.0050.0060.0070.0080.00

BH

AN

DA

RI

KP

ITT

EC

H

TH

OM

AS

CO

OK

LG

BB

RO

SL

TD

AN

GE

LB

RK

G

SU

DA

RS

CH

EM

SO

LA

RA

EN

ER

GY

DE

V

PIO

NE

ER

EM

B

SU

BR

OS

51.64

34.06 31.57

9.63 7.13 7.02 6.19 3.92 3.26 1.71

Volumes (Rs. Lakhs)

Last Close % Change P/EDivindend

Yield

Sensex 46,286 -1.26 31.75 0.86

Nifty 13,635 -1.32 36.57 1.16

Nifty Midcap 50 6,003 -0.72 152.74 1.55

Nifty Auto 9,813 -2.89 295.98 1.67

Nifty Bank 30,566 0.68 28.95 0.41

Nifty Energy 16,159 -1.83 17.00 2.95

Nifty Fin. Services 14,593 -0.07 29.48 0.60

Nifty FMCG 33,121 -1.50 42.58 1.38

Nifty IT 24,646 -2.59 31.58 1.71

Nifty Media 1,650 -1.11 0.00 2.39

2

Daily Equity Trend 1 February 2021

Business News

L&T – the company has received contract for Mumbai –

Ahmedabad high speed rail corridor project, amounting to

approximately Rs 2,500 crore. The order is to procure, fabricate,

assemble, paint and transport 28 bridges.

Tech Mahindra – the company has reported net profit of Rs

1,309.8 crore for the Q3FY21, increased by 14.3 percent. While

company’s revenues are at Rs 9,643 crore. Margins of the

company improved on account of increased offshoring due to

work from anywhere model. The company has proposed a

merger of Born Commerce and Tech Mahindra Business

Services

Vedanta – company has registered 35 percent increase in the

consolidated net profit at Rs 3,017 crore for the December

quarter. Net sales of the company rose 6.4 percent at Rs 22,498

crore. Net debt of the company stood at Rs 35,357 crores,

increased by 14,084 crores, majorly on account of dividend

payment and intercompany loan to Vedanta Resources Ltd.

L&T Finance Holdings – the company is all set to launch Rs

2,998.61 crore rights issue today (on 1st Feb.). the company will

issue right shares for Rs 65 per equity share. The equity shares

will be offered in the ratio of 17 equity shares for every 74 equity

share held by the eligible equity shareholders of the L&T

Finance Holdings as on the record of January 22, 2021.

Gainers & Losers

5.42%

3.87%

1.66%

1.39%

0.92%

-5.52%

-5.03%

-4.16%

-3.64%

-3.24%

-15% -5% 5% 15%

INDUSINDBK

SUNPHARMA

ICICIBANK

HDFCBANK

HDFCLIFE

DRREDDY

MARUTI

HEROMOTOCO

TATASTEEL

WIPRO

% Change

NIFTY Vs. India VIX

1459014372 14239

13968 1381813635

22.2 22.4 23.224.4 24.3 25.3

15

20

25

30

35

40

12500

13000

13500

14000

14500

15000

15500

21/Jan 22/Jan 25/Jan 27/Jan 28/Jan 29/Jan

Nifty 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 remained net buyer in January – Foreign Portfolio

Investors remained net buyer of Rs 14,649 crore in Indian

markets for January month. According to data published by

depositories, overseas investors pumped in net of Rs 19,473

crore in to equity segment and pulled out Rs 4,824 crore from the

debt segment.

GST collection for the January 2021 touch all time high – for

January 2021 Goods and Service Tax collections touched an all-

time high since introduction of GST of Rs 1.19 lakh crore.

Average year-on-year growth in GST revenues for the first four

months of the second half of the financial year has been 8

percent.

China’s factory recovery slows in January – China’s

manufacturing Purchasing Manager Index (PMI) dipped to 51.3 in

January. Factory activities in China grew at the slowest pace in

five months in January, majorly hit by a wave of domestic

coronavirus infections.

% Change YTD

DJIA -2.03 -0.80

S&P 500 -1.93 0.37

Nasdaq100 -2.09 1.82

FTSE100 -1.82 -2.50

CAC -2.02 -3.40

DAX -1.71 -2.14

KOSPI 1.37 2.45

US Dollar Index -0.07 0.70

3016.54

90.56

29,983

12,925

6,407

5,399

13,433

3,717

Last Close

ADR

ADR Close NSE Close 1 Day

INFOSYS 17.60 1239.70 3.70

ICICI BANK 14.90 537.00 1.30

DRREDDY 66.10 4598.70 4.60

HDFC BANK 72.00 1390.80 24.50

TATAMOTORS 18.60 262.60 3.00

(Converted to INR) Prem / (Disc) in (%)

3

Daily Equity Trend 1 February 2021

Technical View

NIFTY - Daily Chart – 13634

Market Outlook:

The key economic event of Union Budget 2021 could

dictate the direction of the market. On the higher side the

resistance for the NIFTY is seen at 13930/13980/14240

levels. If NIFTY sustains above 14240 level it could test at

14450/14475 levels. On the downside, the support will be

at 13590/13450 levels. If NIFTY trades below

13450/13370 levels then we could see NIFTY testing at

13130/13050 levels. One is advised to note that the short-

term trend on NIFTY is likely to remain weak and breakout

of 14240 levels on the upside would negate the short-term

downtrend.

BANK NIFTY – Daily Chart -30565.50

Market Outlook:

BANKNIFTY is likely to remain consolidation and the next

support for the BANKIFTY is seen at 29810 levels. If

BANKNIFTY breaks below 29810 levels then the next level

for BANKNIFTY is seen at 29445/28976 levels. On the

higher side the resistance will be at 31010/31240 and

breakout of 31240 would take the BANKNIFTY at

31520/31700 levels.

Bulk Deals

Company Acquirer Qty Price Seller Qty Price

NETLINK VARSHABEN JIGNESHKUMAR THOBHANI 75,000 13.25 SHASHANK PRAVINCHANDRA DOSHI 74,996 13.25

VAL URAVI T AND WEDGE LAMPS LTD 38,400 25.15 ARYAMAN BROKING LIMITED 38,400 25.15

PURPLE NA - - BIRJU PRAVINCHANDRA SANGHVI 81,998 40.66

4

Daily Equity Trend 1 February 2021

F&O Cues

The Put Call ratio stood at 0.98 levels and suggesting that

consolidation with negative bias on NIFTY Future. The Nifty

futures were at 13709 at premium of 74 points compared with

the Nifty's closing of 13634 in the cash market.

On the options front, call open interest (OI) of 13.18 lakh

contracts was seen at the 14500-strike price and this will act

as a crucial resistance level for current series. This is

followed by 14000 strike prices, which holds 12.87 lakh

contracts in open interest, and 14200, which has

accumulated 7.13 lakh contracts in open interest.

Put open interest of 22.17 lakh contracts was seen at 14000

strike price, which will act as crucial support for current

series. This is followed by 13000 strike price, which holds

21.35 lakh contracts in open interest, and 13500 strike price,

which has accumulated 17.82 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

13000

13500

14000

14500

0.00

0.40

0.80

1.20

22/Jan 25/Jan 27/Jan 28/Jan 29/Jan

Series2 Series3 Series1

FIIs Statistics in F&O

Product Buy Sell Net OI

(% Change)

INDEX FUTURES 6472.67 6477.73 -5.06 -5.96

INDEX OPTIONS 247516.59 245045.78 2470.81 30.57

STOCK FUTURES 17412.20 17595.13 -182.93 0.78

STOCK OPTIONS 10354.73 10550.17 -195.44 42.45

Total 281756.19 279668.81 2087.38 67.84

FIIs Fund Activity

110001150012000125001300013500140001450015000

(2000)(1500)(1000)(500)

0500

100015002000

22/

Jan

25/

Jan

27/

Jan

28/

Jan

29/

Jan

FII B/S OI Nifty Spot

NIFTY Options OI

0

1

2

4

131

00

132

00

133

00

134

00

135

00

136

00

137

00

138

00

139

00

140

00

141

00

Put OI Call OI

Stocks in Ban Period for Trade

-NIL

Derivatives Snapshot – NIFTY

Particulars Spot Future Prem. / Disc. Futures OI PCR OI PCR VOL VIX (%)

Current 13634.60 13709.1 74.50 9887325 0.98 1.01 25.34

Previous 13817.55 13844.4 26.85 13214925 0.91 0.89 24.29

Change (%) -1.32 -0.98 – -25.18 – – –

NIFTY: Premium (+)/Discount (-)

49

0.45

8.65 8.2514.25 15.05

26.85

74.5

0

10

20

30

40

50

60

70

80

19/J

an

20/J

an

21/J

an

22/J

an

25/J

an

27/J

an

28/J

an

29/J

an

5

Daily Equity Trend 1 February 2021

Sector Movements

Sectors

Price

% Change OI %

Change

Auto -2.45 2.10

Banking 1.06 0.40

FMCG -1.43 2.46

Oil & Gas -1.29 -0.29

Metals -1.52 21.01

IT -2.47 1.48

Telecom -3.28 -0.74

Capital Goods -1.28 -0.30

Pharma -2.15 5.14

Power -2.33 7.95

Financial Services 0.30 5.64

Infra -3.23 1.39

Media -2.81 4.52

Chemicals & Fertilizers -1.92 -2.22

Insurance -0.59 1.85

Paint -1.62 -1.82

Real Estate -4.76 0.06

Others -2.85 5.43

Bull/Bear Signals – OI v/s Price

Long Buildup

Scrip Price %

Price Change

%

OI Change

%

Delivery

SAIL 57.60 0.61 117.68 34.05

SRTRANSFIN 1297.50 16.05 48.84 9.23

TVSMOTOR 561.55 6.17 31.01 8.51

SUNPHARMA 582.50 3.04 8.29 18.77

MARICO 417.40 0.86 7.57 51.73

Short Buildup

Scrip Price %

Price Change

%

OI Change

%

Delivery

AMBUJACEM 244.85 -1.75 11.38 54.36

ICICIPRULI 483.45 -1.72 10.72 59.36

PEL 1319.05 -4.48 10.37 39.05

MARUTI 7251.15 -4.91 10.06 34.71

NTPC 87.90 -2.50 9.94 52.32

Short Covering

Scrip Price %

Price Change

%

OI Change

%

Delivery

FEDERALBNK 72.75 1.18 -0.82 36.00

MFSL 683.85 1.04 -0.98 39.91

HDFCBANK 1393.20 1.43 -3.63 47.79

NATIONALUM 47.35 1.83 -3.64 31.47

GODREJPROP 1259.45 0.87 -0.30 14.82

Long Unwinding

Scrip Price %

Price Change

%

OI Change

%

Delivery

GRASIM 1061.35 -1.03 -1.04 23.59

NESTLEIND 17162.90 -1.48 -1.28 54.63

RBLBANK 211.25 -0.52 -1.31 11.25

EXIDEIND 191.90 -2.69 -1.33 25.38

NMDC 105.35 -1.86 -1.42 36.06

Sector Cues

• Long Build up was seen in FINANCIAL

SERVICES and BANKING stocks.

• Short build up was seen in PHARMA, FMCG

and IT stocks.

Stock Futures Snapshot

✓ An Increase in open interest along with increase in price

indicates positive bias and long build up was seen in

SAIL, SRTRANSFIN and MARICO.

✓ An increase in open interest along with decrease in price

indicates negative bias and short build up was seen in

ICICIPRULI, PEL and MARUTI.

Top Stock Options IV

Scrip Strike CE/PE Volume

HDFCBANK 1400 CE 9225

MARUTI 8000 CE 9200

ICICIBANK 540 CE 4993

ICICIBANK 550 CE 4617

BAJFINANCE 5000 CE 4578

INDUSINDBK 900 CE 4462

DRREDDY 5000 CE 4349

AXISBANK 700 CE 4214

HDFCBANK 1500 CE 4208

INDUSINDBK 840 CE 4201

BANDHANBNK 340 CE 4029

MARUTI 7000 PE 3985

INFY 1240 PE 3874

BHARTIARTL 600 CE 3832

HDFC 2500 CE 3794

6

Daily Equity Trend 1 February 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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