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Published on 5/03/2021 5:51:55 PM

Closing Bell

Indian equity benchmarks fell for second straight session on Friday on the back of losses in metal, power and telecom stocks amid weak global cues as rising bond yields spooked investors. Markets made negative start and stayed in red for whole day, as India’s tally of coronavirus cases has risen to 11,173,572, with a daily increase of 16,824 in total cases. Death toll has reached 157,584, with 113 fatalities in a day. India's count of active cases has jumped to 177,967. The country continues to be second-most-affected globally, and ranks 13th among worst-hit nations by active cases. Maharashtra, the most affected state overall, has reported 9,000 new cases. The state has added nearly 80,000 cases in the past 10 days. Traders also remain worried as the Economic Survey 2021 tabled in the state Legislature said Maharashtra's economy is expected to see an eight per cent negative growth during 2020-21 with industry and services sectors bearing the maximum brunt of the COVID-19 pandemic and the subsequent lockdown. Traders took note of private report stating that the Centre is likely to first privatise profit-making state-run companies, a shift from the previously announced strategy of focusing on loss-making units. The NITI Aayog, which is identifying public sector units (PSUs) for privatisation, could put out the first list of companies in April.

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Choice International Ltd

Published on 5/03/2021 11:49:57 AM

Bank Nifty Outlook

* Bank Nifty, also showed down   side movement and closed the session at 35802.50 levels with a loss of 565 points.

* Moreover, the index has formed Shooting Star Candlestick pattern which suggest correction in the index.

* Moreover, Index has given closing above 21 DMAwhich points out strength in the index.

* At Present in the Index has support comes at 35100 level while resistance comes at 36900

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Choice International Ltd

Published on 5/03/2021 11:49:49 AM

Nifty Outlook

* Index has a gap down opening on a weekly expiry day and made an intraday low at 14980.20 level but showed bounce back movement and made an intraday high at 15202.35 level, given closing above 15000 level.

* All the sectors ended in a red note except Media and commodities. Stocks like Ultracemco, Adani Port, Shreecem were among the top gainers while Jswsteel, hdfc and Hindalco were among the top losers.

* Onthe technical Front, Index has given a closing above 21 HMA and also the daily momentum indicator RSI is reading above 50, which suggests an upside move from present levels.

* At present, the index has immediate resistance at 15250 levels while downside support comes at 14800 levels.

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Swastika Investmart Ltd

Published on 5/03/2021 11:44:32 AM

Banknifty (Spot):

Banknifty may underperform in the morning where 35350-35000 will be a strong demand zone; below this, 34500 will be the next critical support. On the upside, 35800-36000 will be the immediate resistance area; above this, 36500-36600 will be the critical resistance area.

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SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

Swastika Investmart Ltd

Published on 5/03/2021 11:44:24 AM

Technical Outlook:

Nifty (Spot):

The market is once again correcting on the back of weak global cues where 14935- 14900 will be the first demand zone for the Nifty while 14750/14635 will be the next critical support levels. On the upside, 15100 will act as an immediate hurdle while 15250-15275 will be the next critical resistance zone. It would be the test of the strength of the Indian market today amid cocktail of bad news where Traders are advised to wait for the first 45 minutes to understand the trend and trade accordingly.

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SEBI Reg. No. :  NSE/BSE/MSEI: INZ000192732

Religare Broking Limited

Published on 5/03/2021 11:07:45 AM

Nifty Outlook

Markets took a breather after the recent surge and settled with a cut of over a percent. Weak global cues triggered a gap-down start, followed by volatile swings till the end. Consequently, the Nifty ended lower, down by 1.1% at 15,081 levels. On the flip side, resilience on the broader front kept the participants busy. Excessive volatility in the global markets, mainly due to the rise in the bond yields, impacting sentiment on the domestic front too and we don’t expect any relief from that front anytime soon. We reiterate our cautiously optimistic view on markets and suggest preferring hedged positions instead of outrights.

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Please refer disclaimer at https://www.religareonline.com/disclaimer   SEBI Registration number is INZ000174330

Geojit Financial Services Ltd.

Published on 5/03/2021 11:07:04 AM

Derivative Insights

Comments

Nifty weekly option contract saw highest Call OI at 16500 strike and highest Put OI at 14000 strike with highest OI addition at 16800 and 13000 respectively. In monthly contracts, highest Call OI is at 16000 and highest Put OI at 14000 with highest addition at 15000 for both. FIIs cut future longs by 4.73% and increased future shorts by 38.92%. In options, FIIs cut their position by 33.23 in Call longs, 37.70% in Call shorts, 20.52% in Put longs and 37.83% in Put shorts

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SEBI Registration number is INH200000345

GEPL Capital

Published on 5/03/2021 11:03:15 AM

BANKNIFTY: 35508.95 (-293.55 ie -0.82%)
HIGH: 35616.05 LOW: 35135.70
DYNAMIC PARAMETER: Bank Nifty trading near the previous session low
SUPPORT ZONE: 35135 (daily low) / 34983 (1st March low)
RESISTANCE ZONE: 35747 (2nd March 2021 high) / 36316 (Previous session high)
VIEW: Bullish above 35990 level

SEBI Registration number is INH000000081.
Please refer disclaimer at https://geplcapital.com/term-disclaimer

GEPL Capital

Published on 5/03/2021 11:03:04 AM

NIFTY: 15068.10 (-12.65 i.e -0.08%)
HIGH: 15092.35 LOW: 14929.25
DYNAMIC PARAMETER: Nifty hovering near the 15000 mark
*SUPPORT ZONE:*14929 (daily low) / 14880 (23.6% retracement level of the rise from 13131-15431)
RESISTANCE ZONE: 15170 (17th Feb 2021 low) / 15273 (3 Day high)
ACTION: Wait for better Risk Reward

SEBI Registration number is INH000000081.
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Geojit Financial Services Ltd.

Published on 5/03/2021 10:52:20 AM

Nifty Outlook:

None of the swings breached the range extremities of 14900 or 15250 marked for yesterday, despite coming close to it, and the day finished almost at 15080, our pivot. We had raised serious doubts yesterday in our commentary, about our earlier surmise of clearing 15431.75, and were waiting for a confirmation to abandon the same. Towards this end, rather than dismissing yesterday’s close near pivot as just an indecisive day, we are inclined to set aside the upside plays for a while, and ride a potential 14600 swing, before committing to directional moves 

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SEBI Registration number is INH200000345

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