Let's analyze the market for the day

The stock market in the last afew days has fallen drastically from its high. Today we are going to see what factors affected the market 

US Bond rate: The US Bond rate has reached two years high. What does it mean now let's try to understand. A bond is one way of investment that most investors would like to do especially in the US and it is considered to be a safe investment. Now the market is at its high so expected from fall. So invested are in the mood of taking the money from Stocks to shifting the positions to Bonds. This is one of the reasons why we are seeing a big FII sell-off which could continue for a few days.

Nifty and Bank Nifty 

Nifty is really facing a strong resistance near at  18000 So even yesterday on Expiry the Nifty only once it crossed that level but then after it has fallen significantly and being a weekend coming I am expected one more fall and then we could have a Budget rally.

Bank Nifty is doing a lot better than Nifty however the resistance is seen at 38200 to 38300 and downside I do not see much fall. I am expecting it could touch 37500 and could come today. But do not loose hope and when this happen to buy in small and hold till the end of this  month expiry

Nifty Resistance at  18000 

Support  at  17500

Bank Nifty Resistance at  38200-38300

Support at  37000.

                                                                   FII & DII Data 

 Nifty Analysis for 21-09-2021

Nifty has fallen from his high and made a low today. Interestingly the low that we saw is the lowest of the recent times. Here many are confused about whether to hold their positions or to buy more or sell

Now the pattern looks like it is going to fall more. However, I feel like the fall is going to happen in the morning itself which is on OPening. So a 100 points to 150 points is expected to fall. So once the Nifty nears 17260 one can initiate a buy position on the Nifty with a strict stop loss at 17200.

The India Vix raised by 2 points. currently at 17.5 indicates more volatility so Nifty is going to have a much large range. Which is good for swing traders However the market will open with a gap down so I believe there is a good chance of buy at dips.

The target for tomorrow is to buy NIfty at 17260 with a stop loss at 17200

Now if  you are interested in Stocks then focus on Heromotocop It is looking good at these levels

I am not expecting much fall from here so one can buy at 2875 with a stop loss at 2860.

 Call of the day

Stock : BPCL

After a fall in the market of 5 % , i am expecting the stock to move upto 500 plus in short term

however for tomorrow to a few days these are the levels i am expecting

Analysis on BPCL: 

Is it the right time to Invest in BPCL ?

Bharat Petroleum Corporation Limited's (BPCL's) stock, which had gained 43% since October and was trading near 52-week highs, was down almost 5% in the morning trades on Tuesday. The fall comes on the back of reports of the company's move to sell treasury stake worth over ₹3,700 crore.

A sub-committee of the board of directors of BPCL had approved the sale of the company's equity shares held by BPCL Trust for Investment in Shares. The total number of equity shares being offered is up to 158,993,397 equity shares held by the above trust. With the stake sale progressing on Tuesday, the stock was bound to trend lower. Nevertheless, the stake sale also signals progress on resolving the key issues related to privatization, say analysts who also expect BPCL to distribute proceeds from the treasury sale as dividends.

Zee Business Managing Editor Anil Singhvi said that today there was a Big Block Deal that went through on BPCL. The company is going to sell 16 cr shares worth Rs 7000 cr via Block Deal. Treasury shares means the company that has its own shares, explains Singhvi.  Generally, companies sell Treasury shares and try to avoid keeping them. So, while investors get the shares, the company gets cash, says Singhvi. BPCL share price today is Rs 444, down Rs 23 or 4.9%.

The key issue is, what will be the purpose of generating this much cash?  Anil Singhvi said there is a big possibility that ahead of Divestment, BPCL may announce a big dividend from the cash generated via selling Treasury shares. The amount left after deducting tax from Rs 7000 cr will be used by the company to distribute dividend to BPCL shareholders.

Anil Singhvi recommends that investors should buy the shares when the Block Deal happens. Singhvi says it is a golden chase for investors who intend to invest in BPCL. Sellers are giving a good buy opportunity to investors. The floor price for the deal is Rs 435. Investors should buy BPCL for Dividend and Divestment.

This is for investors who will stay invested in the stock and reap benefits of Dividend and Divestment.

The share price of BPCL may fall below the floor price of the Block Deal and market risk will remain, the same as with any other stock, explained Singhvi.

The country’s second biggest state refiner Bharat Petroleum Corporation (BPCL), which is one of the key divestment candidates of the government, launched a block deal on March 8 to sell up to 4 percent of its treasury shares worth Rs 3,700 crore, sources with the knowledge of the matter told CNBC Awaaz.

According to the term sheet of the deal, reviewed by CNBC Awaaz, BPCL has set a floor price of Rs 435 per share for the proposed transaction which is at a 7 percent discount to the closing price on March 8, 2021.

To be sure, around 9 percent of the equity shares of BPCL were created as treasury shares post the 2013 merger of the refiner with state-run Kochi Refinery. Two percent of those treasury shares were earmarked for the employees benefit trust, leaving behind a kitty of 7 percent shares.

“As of now, the block deal is for 4 percent of the shares, but based on market demand, the size may be hiked to 7 percent. The situation is fluid as of now," one of the individuals cited above told CNBC Awaaz.

“Most of the proceeds of the BPCL block deal are likely to be used for a special dividend for shareholders going ahead,” said a second individual.

“Citi, Kotak and ICICI Securities are the bankers to the block deal," the second individual added.

Both the individuals spoke to CNBC Awaaz on the condition of anonymity. BPCL and the bankers could not be contacted for immediate comment.

Recently, in a move considered as a first step towards its divestment, BPCL approved the sale of the firm's holding in the Numaligarh Refinery for Rs 9,878 crore.

The government plans to conclude the strategic sale of BPCL in the June quarter, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey had said In February, 2021.

Three preliminary bids have been submitted for buying a controlling stake in BPCL. Back in November, mining-to-oil conglomerate Vedanta had confirmed putting in an expression of interest (EoI) for buying the government's 52.98 percent stake in BPCL. The other two bidders are said to be global funds, one of them being Apollo Global Management.

On the back of treasury stake, the BPCL has fallen 5% .. According to me the fall in today's market is the best time to invest in BPCL for a good return in a short span.

The levels of 430-440 are good levels to enter in the stock. Take this as an opportunity to invest for a target of Rs 500 for a short time..

So don't lose these levels and put ur capital and earn awesome returns.

Call in the Live Market 

In the Live Market, we have filtered Reliance for Intraday 

Stock: Reliance 

In the strong current market, Reliance at higher High is looking weak.

So one can initiate a Shot position in Reliance for intraday

Sell @2130

I am expecting 15 points down from here and by any chance if the market breakdown, Reliance would be the top Losser ..and in that case, Reliance comes below 2100.

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The target of 2115 is achieved.. made a low of 2110 below so far.

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