Morning-Outlook-Feature-Image

Morning -outlook-20july

NIFTY:

Nifty opened at 16187.05 With a gap down of 91points. The index quickly bounced up after recording its intraday low at 16187.05 and filled the gap within an hour. Prices rallied further and then faced an intraday resistance around 16320 and formed a trading range. The range eventually broke on the upside and prices rallied again. The index recorded its intraday high at 16359.50 and saw a minor dip towards the end of today’s trading session. Prices have finally closed at16340.55 near its day’s high with a gain of 62.05 points or 0.38% up. REALTY outperformed today and closed higher by 2.29% followed by the BANK and AUTO which ended with over 1% gains. PHARMA, MEDIA, and OIL GAS underperformed today and ended with a minor loss.

Tomorrow, we should look for a buying opportunity either on a dip at or below 16200 or on a breakout above 16400. In case of a gap up above 16400 apply the first 15- minute rule. Keep a stop of 80 points and a target of 220 points from your entry price.

BANK NIFTY:

Bank Nifty opened at 35113.25 With a gap down of 241points. The index found support quickly and bounced up after recording its intraday low at 35110.50 a few ticks below the opening price. Gap down was filled within an hour and then prices consolidated that eventually broke on the upside. The index rallied again and recorded its intraday high at 35761.65. Prices have spent the last hour of trading sideways and finally closed at 35708.15 with a gain of 354 points. PSU BANKS have outperformed today and closed higher by 2.29%.PVT BANKS have also rallied today and closed higher by 1.17%.Within the index, in terms of points, AXIS BANK contributed the highest on the upside while KOTAK BANK contributed the lowest.

Since our trade is in a profit of almost 500 points so we should raise our stop loss. We are suggesting traders staying long with a stop at 35400 and a target at 36000.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
IRCTC 607 BUY The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be buy  with a stop loss of 600 and for the target of  620.
SUNPHARMA 875 SELL The  immediate trend of the script is bearish. There is a negative  cross over of moving averages  as well as of the indicators therefore  it can be sell below 875 with a stop loss of 880 and target of 860.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
RELIANCE 2440 CE BUY 54 CMP 45 75 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PIIND.22.07 Jul 2969.9 0.01 0.96 1894750 ONGC.22.07 Jul 126.1 -3.22 5.83 72942100
BAJFINANCE.22.07 Jul 6069.2 0.02 2.76 5366250 GAIL.22.07 Jul 140 -2.51 17.61 27742800
JKCEMENT.22.07 Jul 2246.3 0.03 5.04 515500 INDUSTOWER.22.07 Jul 221.7 -2.46 9.46 15772400
HINDALCO.22.07 Jul 368.3 0.03 1.79 40297450 COFORGE.22.07 Jul 3350.95 -2.32 20.67 930150
GRANULES.22.07 Jul 309.1 0.05 4.64 9970000 MFSL.22.07 Jul 833.45 -2.3 3.58 1409200
                                                                        Short Covering                                                                       Long Unwinding
ACC.22.07 Jul 2177 0.01 -0.2 2627250 FSL.22.07 Jul 105.4 -1.68 -1.37 11232000
AMBUJACEM.22.07 Jul 371.55 0.01 -0.57 44663400 NAVINFLUOR.22.07 Jul 3736.25 -0.99 -4.11 373050
TATACHEM.22.07 Jul 860 0.01 -0.97 4882000 IEX.22.07 Jul 165.5 -0.93 -0.82 47295000
COROMANDEL.22Jul 997.95 0.05 -0.92 1201900 MRF.22.07 Jul 79650 -0.83 -2.83 89590
DELTACORP.22.07 Jul 177.9 0.06 -0.77 15430700 TATACONSUM.22.07 Jul 788.8 -0.81 -1.03 7324200

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2217.7 0.61 2586991 0 73.53 Nifty50 16340.55 0.38 78294
Hdfc Bank Ltd. 1348.05 0.04 7896269 0 70.82 Niftybank 35720.35 1.02 78294
Kotak Mahindra Bank Limi 1834.95 -0.58 2895175 0 70.36 Nifty it 27346.15 0.08 78294
Larsen & Toubro Limited 1729.8 0.12 1351783 0 69.97 India Vix 17.2 0.25 78291
Power Grid Corporation o 210 -0.12 11191797 0 69.54 Nifty Fmcg 41479.85 0.05 78294
Petronet Lng Limited 225.95 -0.02 2214263 0 69.29 Nifty Pharma 12682.2 -0.25 78294
Max Financial Services l 831.05 -2.08 485226 0 68.28 Nifty Realty 435.95 2.55 78294
Axis Bank Limited 700.6 2.35 10171314 0 68.1 Nifty Auto 12538.9 1.05 78294
Ambuja Cements Ltd 370.95 0.07 1567448 0 66.57 Nifty Metal 4991 0.81 78294
Icici Bank Ltd. 780.65 1.12 12825591 0 66.2 Nifty Financial Services 16436.2 0.58 78294

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 22nd July, 2022 •USD:  Existing Home Sales (Jun) on 20th July, 2022

•USD:  Crude Oil Inventories on 20th July, 2022

NEWS UPDATES

  • STL on Tuesday said it has bagged a multi-year deal with one of India’s leading telecom operators worth Rs 250 crore, as the country gears up for 5G spectrum auction later this month. STL will provide specialised optical fibres and deployment services to build the service provider’s network across nine telecom circles across the country.

  • Private sector insurer HDFC Life’s net profit surged 21 per cent year-on-year (YoY) to Rs 365 crore in the April-June quarter of FY23, aided by lower mortality reserves and healthy jump in value of new business (VNB). In the year-ago period, it had reported a net profit of Rs 302 crore. Its VNB rose 25 per cent to Rs 510 crore in Q1FY23, over the same period a year ago, while annualised premium equivalent (APE) grew 22 per cent to Rs 1,904 crore.

  • Reliance Jio cemented its lead in the Indian telecom market as it gained over 31 lakh mobile subscribers in May, as per data released by the sector regulator on Tuesday. Sunil Mittal-led Bharti Airtel added 10.27 lakh subscribers in May, taking its mobile user tally to 36.21 crore. According to monthly subscriber data by Telecom Regulatory Authority of India (TRAI), Reliance Jio gained 31.11 lakh wireless subscribers, taking its mobile customer count to 40.87 crore.

  • Enthused by strong recovery in retail consumption, realty major DLF Chairman Rajiv Singh has said the company has initiated the development of new shopping malls and looks to double retail portfolio in next five years. At present, DLF has a retail footprint of 42 lakh square feet comprising eight properties, including malls and shopping centres, mainly across Delhi-NCR.

Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BENARAS General;Quarterly Results 20-Jul-22 MIC A.G.M.;General;Quarterly Results 20-Jul-22
CEATLTD General;Quarterly Results 20-Jul-22 NEWGEN General;Quarterly Results 20-Jul-22
CENTURYPLY General;Quarterly Results 20-Jul-22 OFSS Quarterly Results 20-Jul-22
CYBERTECH Quarterly Results 20-Jul-22 RANEENGINE Quarterly Results 20-Jul-22
GLAND Quarterly Results 20-Jul-22 RIIL Quarterly Results 20-Jul-22
GOODLUCK Issue Of Warrants 20-Jul-22 SAGCEM Quarterly Results 20-Jul-22
GVBL Quarterly Results 20-Jul-22 SASKEN General;Quarterly Results 20-Jul-22
HATHWAY Quarterly Results 20-Jul-22 STYLAMIND Quarterly Results 20-Jul-22
HAVELLS Quarterly Results 20-Jul-22 SUNLOC General;Quarterly Results 20-Jul-22
INDUSINDBK Quarterly Results 20-Jul-22 SYNGENE Quarterly Results 20-Jul-22
JSWISPL General;Quarterly Results 20-Jul-22 TATACOMM Quarterly Results 20-Jul-22
LLOYDSTEEL General;Quarterly Results 20-Jul-22 WIPRO Audited Results 20-Jul-22
MASTEK Quarterly Results 20-Jul-22 ZEAL A.G.M.;General 20-Jul-22
MAXHEIGHTS A.G.M. 20-Jul-22 ZENLABS Interim Dividend;Quarterly Results 20-Jul-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADORFO 20-Jul-22 Final Dividend – Rs. – 3.00 INDAG 20-Jul-22 Final Dividend – Rs. – 1.50
ADORFO 20-Jul-22 Special Dividend – Rs. – 1.00 IVP 20-Jul-22 Final Dividend – Rs. – 1.50
ADSL 20-Jul-22 Final Dividend – Rs. – 1.00 M&MFIN 20-Jul-22 Dividend – Rs. – 3.60
CORALFINAC 20-Jul-22 Final Dividend – Rs. – 0.30 NOCIL 20-Jul-22 Final Dividend – Rs. – 3.00
DOLLAR 20-Jul-22 Dividend – Rs. – 3.00 NOVARTIND 20-Jul-22 Final Dividend – Rs. – 10.00
GOACARBON 20-Jul-22 Dividend – Rs. – 10.00 ORIENTCEM 20-Jul-22 Final Dividend – Rs. – 1.7500
GPTINFRA 20-Jul-22 Final Dividend – Rs. – 1.50 PANAENERG 20-Jul-22 Final Dividend – Rs. – 7.50
HINDZINC 20-Jul-22 Interim Dividend – Rs. – 21.00 SCANDENT 20-Jul-22 Dividend – Rs. – 0.10

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