"Pre - Stock Market Setup" For April 28th, 2021 (Analysis)
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Pre-Market Analysis For April 28th, 2021
1. Market Movement on (April 27th, 2021)
- Nifty opened the day at 14,509 and started to move up soon. After breaking 14,550 which was yesterday’s high, the index found its pace. Slowly and steadily, the index started moving up breaking 14,600 in the process. Nifty closed the day at 14,653, up 168 points or 1.16%.
- Bank Nifty opened at 32,281 and created a very confusing first candle. 32,300 and 32,500 were taken as good supports on the way up. With HDFC Bank and SBI both moving up, Bank Nifty found it easy to rally. After testing 32,800 Bank Nifty closed the day at 32,735 up 460 points or 1.43%.
- The BSE Sensex rallied 557.63 points or 1.15 percent to close at 48,944.14.
2. Top 5 Stocks UP (Gainers)
| Company | Current | % Gain |
|---|---|---|
| Deepak Nitrite | 1,782.55 | 8.86 |
| Navin Fluorine | 3,462.05 | 8.03 |
| NALCO | 60.90 | 5.18 |
| Hindalco | 366.25 | 5.14 |
| Aarti Ind | 1,562.90 | 4.75 |
3. Top 5 Stock DOWN (Losers)
| Company | Current | % Loss |
|---|---|---|
| HDFC Life | 678.75 | -3.65 |
| ICICI Prudentia | 526.70 | -3.16 |
| SBI Life Insura | 928.75 | -1.46 |
| Berger Paints | 712.80 | -1.33 |
| Cadila Health | 562.80 | -1.19 |
5. Option Data
- Call option data
Maximum Call open interest of 52.20 lakh contracts was seen at 15,000 strike, which will act as a crucial resistance level in the April series.
This is followed by 14,800 strike, which holds 35.70 lakh contracts, and 14,900 strike, which has accumulated 29.16 lakh contracts.
- Put option data
Maximum Put open interest of 59.87 lakh contracts was seen at 14,000 strike, which will act as a crucial support level in the April series.
This is followed by 14,500 strike, which holds 55.07 lakh contracts, and 14,400 strike, which has accumulated 36.70 lakh contracts.
6. Stocks with a high delivery percentage
A high delivery percentage suggests that investors are showing interest in these stocks.
7. Bulk Deals
8. Results on April 28th, 2021
Bajaj Finserv, Biocon, Bombay Dyeing & Manufacturing, Carborundum Universal, Chennai Petroleum Corporation, Enkei Wheels, GHCL, Hathway Cable & Datacom, KPIT Technologies, KPR Mill, KSB, Maharashtra Scooters, Mastek, Mega Fin (India), Nelco, Pacheli Industrial Finance, Shree Digvijay Cement, SIS, Sundaram-Clayton, Tata Communications, and UTI Asset Management Company will release quarterly earnings on April 28.
9. Stocks in News
Britannia Industries: The company reported lower profit at Rs 360.1 crore in Q4FY21 against Rs 372.3 crore in Q4FY20, revenue rose to Rs 3,130.7 crore from Rs 2,867.7 crore YoY.
- Bajaj Finance: The company reported sharply higher consolidated profit at Rs 1,347 crore in Q4FY21 against Rs 948 crore in Q4FY20, consolidated net interest income fell to Rs 4,659 crore from Rs 4,684 crore YoY.
- Axis Bank: The company reported profit at Rs 2,677 crore in Q4FY21 against loss of Rs 1,388 crore in Q4FY20, net interest income jumped to Rs 7,555 crore from Rs 6,808 crore YoY.
- HDFC AMC: The company reported sharply higher profit at Rs 316.1 crore in Q4FY21 against Rs 250 crore in Q4FY20, revenue rose to Rs 503 crore from Rs 476.1 crore YoY.
- ABB India: The company reported sharply higher profit at Rs 141 crore in Q4FY21 against Rs 64.6 crore in Q4FY20, revenue increased to Rs 1,629.1 crore from Rs 1,522.2 crore YoY.
- TVS Motor Company: The company reported sharply higher profit at Rs 289.24 crore in Q4FY21 against Rs 73.87 crore in Q4FY20, revenue rose to Rs 5,321.93 crore from Rs 3,481.42 crore YoY.
Foreign institutional investors (FIIs) net sold shares worth Rs 1,454.75 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,463.44 crore in the Indian equity market on April 27, as per provisional data available on the NSE.
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