1

M A J O R G L O B A L I N D I C E S

FII’s continued to remain bullish on markets with the foreign investors putting in Rs. 20,593

crores in the month of February, already overtaking the overall month figure for January,

which stands at Rs. 14,649 crores. The union budget seems to have had positive effect on

overall investment community with FII/FPI’s also cheering the budget. Among the sectors,

banking seem to be gaining traction with FPI’s along with IT sector. The thrust on capex

spending to push the economy into growth mode seems to have enthused market players.

Market observers expect the flows from FPI’s to continue to remain in the positive going for-

ward as the economy continues to gain traction in it’s growth.

Top Headlines

• FPIs invest Rs 22,038 crore in February so far amid post-Budget cheer

• India's forex reserves down by $6.24 billion to $583.945 billion

• Nirmala Sitharaman to address post-Budget RBI board meet on Tuesday

• Prioritising the blue economy, says PM Narendra Modi in Kerala

MARKET RADAR 15 FEBRUARY 2021

FPI’s remain bullish on markets

B O N D Y I E L D S

Index Last High Low Chg.

Nifty 50 15,163.30 15,243.50 15,081.00 -10.00

BSE Sensex 51,544.30 51,804.58 51,260.62 12.78

Dow 30 31,458.40 31,475.31 31,347.80 27.70

S&P 500 3,934.83 3,937.23 3,905.78 18.45

Nasdaq 14,095.47 14,102.04 13,937.71 69.70

DAX 14,049.89 14,050.96 13,916.73 8.98

FTSE 100 6,589.79 6,589.79 6,485.13 61.07

CAC 40 5,703.67 5,705.02 5,627.99 33.85

Nikkei 225 29,520.07 29,650.51 29,417.32 -42.86

Shanghai 3,655.09 3,662.77 3,612.50 51.60

Hang Seng 30,173.57 30,184.17 29,828.62 134.85

KOSPI 3,100.58 3,111.88 3,064.25 15.91

IDX Composite 6,222.52 6,232.85 6,194.01 20.69

Maturity Yield Change

India 3M 3.330 -0.020

India 6M 3.570 0.020

India 1Y 4.027 0.002

India 2Y 4.519 -0.019

India 3Y 5.143 0.270

India 4Y 5.423 -0.023

India 5Y 5.502 -0.029

India 6Y 5.972 -0.010

India 7Y 6.142 -0.001

India 8Y 6.250 -0.006

India 9Y 6.058 0.043

India 10Y 5.990 0.029

India 15Y 6.570 0.012

India 30Y 6.680 -0.007

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N I F T Y O U T L O O K

Nifty ended marginally higher last week with the benchmark index 1.69% over previous close. The week started off on a slightly positive note but didn’t gain much momentum either side, eventually ending the week in some gains but indecisively. The technical picture remains bullish on the whole, but the day charts suggest indecisiveness. As such traders need to take

confirmation in day charts in the form of a strong close before taking longs in the index.

S2 S1 Pivot R1 R2 Trend

15,000 15,082 15,163 15,244 15,325 Indecisive

Bank nifty settled indecisively last week in spite of gaining marginal-ly over previous close. The bank-ing index started the week on a slightly positive note opened on a flat note and maintained a side-ways movement for most part of the week, with prices remaining within the range of previous weeks price action, indicating indecisive-ness in the markets on the part of both bulls and bears. Thus, traders

need to wait for more clarity before taking up positions either ways, and those with existing longs need to protect them with proper hedge or stops.

S2 S1 Pivot R1 R2 Trend

35,421 35,765 36,044 36,388 36,667 Indecisive

B A N K N I F T Y O U T L O O K

3

N I F T Y 5 0

SCRIP S2 S1 PIVOT R1 R2

ADANIPORTS 572.6 594.6 608.1 630.1 643.7

ASIANPAINT 2,432.3 2,459.2 2,491.1 2,518.0 2,549.9

AXISBANK 726.4 738.4 746.6 758.6 766.7

BAJAJ-AUTO 4,070.8 4,103.4 4,149.6 4,182.2 4,228.4

BAJAJFINSV 10,096.2 10,187.5 10,259.3 10,350.6 10,422.5

BAJFINANCE 5,489.9 5,533.7 5,575.8 5,619.6 5,661.8

BHARTIARTL 576.3 581.3 589.6 594.5 602.8

BPCL 408.3 413.2 419.5 424.4 430.8

BRITANNIA 3,359.8 3,390.5 3,439.8 3,470.5 3,519.7

CIPLA 834.0 841.3 852.8 860.1 871.7

COALINDIA 130.3 132.1 134.5 136.3 138.8

DIVISLAB 3,664.1 3,691.8 3,722.8 3,750.5 3,781.5

DRREDDY 4,737.5 4,764.7 4,812.3 4,839.5 4,887.1

EICHERMOT 2,717.2 2,749.2 2,797.1 2,829.1 2,877.0

GAIL 129.3 131.1 134.2 136.0 139.1

GRASIM 1,205.6 1,223.8 1,239.3 1,257.6 1,273.1

HCLTECH 939.3 949.8 968.2 978.7 997.1

HDFC 2,705.3 2,748.4 2,778.7 2,821.8 2,852.1

HDFCBANK 1,563.0 1,572.5 1,582.5 1,592.0 1,602.0

HDFCLIFE 701.3 706.1 713.1 717.9 724.8

HEROMOTOCO 3,455.8 3,485.8 3,532.9 3,562.9 3,610.0

HINDALCO 280.8 285.8 291.5 296.5 302.3

HINDUNILVR 2,208.4 2,225.0 2,248.6 2,265.2 2,288.9

ICICIBANK 621.8 634.7 642.3 655.2 662.8

INDUSINDBK 985.5 1,006.4 1,033.0 1,053.9 1,080.5

INFY 1,289.5 1,299.7 1,311.7 1,321.9 1,333.9

IOC 93.1 94.1 95.6 96.6 98.1

ITC 209.7 213.6 219.7 223.5 229.6

JSWSTEEL 397.5 400.6 405.8 408.9 414.1

KOTAKBANK 1,928.4 1,939.7 1,957.4 1,968.7 1,986.4

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SCRIP S2 S1 PIVOT R1 R2

LT 1,499.3 1,510.3 1,527.2 1,538.2 1,555.1

M&M 897.2 902.9 910.7 916.4 924.3

MARUTI 7,440.7 7,504.6 7,589.8 7,653.7 7,738.9

NESTLEIND 17,072.1 17,183.2 17,351.1 17,462.2 17,630.1

NTPC 93.1 94.5 96.2 97.6 99.3

ONGC 94.8 95.9 97.7 98.8 100.5

POWERGRID 205.6 209.1 214.1 217.6 222.5

RELIANCE 1,982.4 2,012.0 2,045.0 2,074.6 2,107.6

SBILIFE 881.2 889.0 901.3 909.1 921.3

SBIN 378.9 386.0 392.7 399.8 406.5

SHREECEM 27,405.3 27,685.6 28,080.3 28,360.6 28,755.3

SUNPHARMA 602.6 614.9 634.6 646.9 666.7

TATAMOTORS 316.5 320.9 325.7 330.2 335.0

TATASTEEL 666.2 673.4 685.6 692.8 705.0

TCS 3,142.6 3,166.7 3,206.1 3,230.2 3,269.6

TECHM 972.7 982.0 995.5 1,004.7 1,018.2

TITAN 1,461.6 1,477.9 1,507.3 1,523.6 1,553.0

ULTRACEMCO 6,301.7 6,349.5 6,414.7 6,462.5 6,527.8

UPL 522.4 529.1 538.2 544.9 554.0

WIPRO 434.0 438.0 443.6 447.6 453.2

F O R E X S P O T

FX PAIR Expiry S2 S1 PIVOT R1 R2 TREND

USDINR Spot 72.42 72.56 72.80 72.96 73.13 Down

EURINR Spot 88.08 88.18 88.31 88.41 88.54 Indecisive

GBPINR Spot 100.39 100.60 100.77 100.98 101.16 Down

JPYINR Spot 69.32 69.44 69.60 69.72 69.88 Down

Dollar Index Spot 89.79 90.01 90.30 90.52 90.80 Indecisive

EURUSD Spot 1.2092 1.2108 1.2126 1.2142 1.2160 Indecisive

GBPUSD Spot 1.3775 1.3810 1.3838 1.3873 1.3901 Indecisive

USDJPY Spot 104.22 104.43 104.64 104.85 105.06 Up

5

Rupee closed marginally higher last week with the domestic currency finally breaching and closing above the re-sistance zone at 72.80 levels. The week started off on a flat note with the currency continuing the range bound trading for most part before bulls pushed it beyond 72.80 levels in the last two trading ses-sions. The technical picture, given the close above 72.80 levels, suggests the

possibility of further bullishness in the rupee with rupee likely to test 72 levels in the week ahead.

R U P E E O U T L O O K ( S P O T )

DISCLAIMER: This Report has been prepared by Rajesh Kumar Jain Palrecha of Wealth Tree Group registered as Research Analyst

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