Live: Nifty Futures Suggests Stock Losses; HDFC Bank\, M&M\, SBI In Focus

Men ride on an escalator past an electronic screen and ticker board displaying stock figures at the Singapore Exchange Ltd. (Photographer: Ore Huiying/Bloomberg)

Live: Nifty Futures Suggests Stock Losses; HDFC Bank, M&M, SBI In Focus

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Your Complete F&O Trade Setup

April Futures

  • Nifty open interest up 1 percent adds 1.7 lakh shares in open interest.
  • Bank Nifty open interest unchanged.
  • Nifty futures premium at 70.4 points, closed trading at 11,742.3.
  • Bank Nifty futures premium at 201 points Vs 165.56, closed trading at 30,314.8.

Options

  • Nifty PCR at 1.47 versus 1.38 (across all series).

Nifty Weekly Expiry (April 11)

  • Max open interest at 11,800 Call (18.3 lakh shares), 11,600 Put (18 lakh shares) and 11,500 Put (15.5 lakh shares).
  • Open interest addition seen at 11,850 Call strike, adds 6.4 lakh shares in open interest.
  • Open interest addition seen at 11,600 Put, adds 5.3 lakh shares.
  • Open interest shedding seen at 11,700 Call strike, sheds 8 lakh shares in open interest.

Nifty Monthly Expiry (April 25)

  • Max open interest at 12000 Call (28.7 lakh shares) and 11,000 Put (27.2 lakh shares).
  • Open interest addition seen for put strikes 11,600 and 11,500.

Stocks In F&O Ban

In Ban:

  • Adani Power
  • DLF
  • IDBI
  • Jet Airways
  • PC Jeweller
  • Reliance Power
  • Wockhardt

Brokerage Radar: Aditya Birla Fashion, Blue Star, ICICI Prudential

Jefferies on ICICI Prudential

  • Maintained ‘Underperform’ with a price target of Rs 285.
  • Growth highly cyclical, but loss of HNI customer base more worrying.
  • VNB growth to be tepid & margin is peaking out.
  • Upside triggers missing, near-term outlook weak.

JMFinancial on Blue Star

  • Initiated ‘Hold’ with a price target of Rs 700.
  • Well placed to further increase its market share, but will be an uphill task.
  • Domestic investments to rise amidst rising duties and depreciating rupee.
  • Rising domestic investments and depreciating rupee may restrict margin expansion.

Motilal Oswal on Aditya Birla Fashion

  • Initiated ‘Buy’ with a price target of Rs 260.
  • Healthy portfolio mix to help sustain growth.
  • Revamped Pantaloons set to drive earnings.
  • Healthy balance sheet, growing cash flow.
  • Expect overall Revenue and Ebitda to grow at a compounded annual growth rate of 14 percent and 23 percent over FY19-21.

Trading Tweaks: Stocks Moving Into ASM Framework

  • Bajaj Healthcare record date for bonus issue at 1:1.
  • HT Media record date for demerger.

Stocks Moving Into Short-Term ASM Framework:

  • Indo Count Industries
  • Religare Enterprises
  • Dilip Buildcon
  • Arvind Fashions
  • Arshiya
  • Ganesha Ecosphere
  • MT Educare
  • Bharat Road Network
  • Bharat Road Network
  • JBF Industries
  • Matrimony.Com
  • Lakshmi Vilas Bank

Stocks Moving Into ASM Framework:

  • Cantabil Retail India
  • Dhampure Speciality Sugars
  • Mishtann Foods
  • Reliance Communications
  • Vikas Proppant & Granite

Pledge Share Details: Ashok Leyland, Max Financial Services

  • Max Financial Services promoter group Max Ventures Investment Holdings created pledge of 23.3 lakh shares on April 4.
  • Ashok Leyland promoter Hinduja Automotive created pledge of 3.9 crore shares on April 8.
  • Adani Enterprises promoter group Gautam Adani revoked pledge of 23.2 lakh shares on April 5.
  • Emami promoter groups released pledge of 12.77 lakh shares on April 5.
  • Bajaj Consumer Care promoter Bajaj Resources created pledge of 35.6 lakh shares on April 5.
  • Adani Transmission promote group Gautam Adani released pledge of 31.48 lakh shares on April 5.
  • Max India promoter group Max Ventures Investment Holdings created a pledge of 12 lakh shares on April 4.

(As reported on April 9)

Bulk Deals: MEP Infra Developers, PRICOL

  • Zee Media: IFCI sold 32.4 lakh shares (0.69 percent) at Rs. 15.23 each.

PRICOL

  • AKG Finvest acquired 9.7 lakh shares (1.03 percent) at Rs.34.5 each.
  • Ashmore India Opportunities Fund sold 10.9 lakh shares (1.15 percent) at Rs 34.5 each.

MEP Infra Developers

  • Monarch Infra Ventures acquired 12.5 lakh shares (0.69 percent) at Rs. 40.15 each.
  • Premjayanti Enterprise acquired 13.5 lakh shares (0.74 percent) at Rs. 40.15 each.
  • GMO Emerging Illiquid Mauritius Fund sold 51.8 lakh shares (2.82 percent) at Rs.40.15 each.