Morning Outlook 10th December, 2021

BANK NIFTY:

BANK NIFTY opened at 37331.75 with a gap up of 67 points. The index recorded its intraday high at 37397.55 and then started moving downwards. A sharp decline of about 500 points brought the index below 37000 and prices have recorded its intraday low at 36884.45. The index moved within these levels for the rest of the day and finally closed at 37063.45 with a loss of 201 points. PSU BANKS have outperformed today and closed higher by just 0.10%.PVT BANKS have underperformed today and ended with a loss of 0.40%. Within the index, in terms of points, IDFC FIRST BANK contributed the highest while HDFC BANK contributed the lowest. Prices have stayed above 36800 but seen an intraday decline to close lower. The short-term trend is up and we should look for buying only, if the decline continued tomorrow then we should be looking for a buying opportunity on a dip at or below 36500.

TECHNICAL PICKS

COMPANY NAME	CMP	B/S	RATIONALE+
TATACHEM	935	BUY	The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought above  940 with a stop loss of 920 and for the target of 980.
TATACONSUM	777	BUY	The  immediate trend of the script is bullish. There is a positive  cross over of moving averages  as well as of the indicators therefore  it can be buy above 780 with a stop loss of 760 and target  of 798.

DERIVATIVE PICKS

Stock Name	Strike Price	Buy/Sell	CMP	Initiation	Stop Loss	Target	Remarks
ZEE	375CE	BUY	19	CMP	10	35	OI Increase

Long Buildup						Short Buildup
Stocks	Price	Price%	OI %	OI		Stocks	Price	Price%	OI %	OI
GLENMARK.Dec 30	510.55	0.04	2.57	9150550		SBICARD.Dec 30	960.5	-5.72	45.74	1112000
NAUKRI.Dec 30	5770.9	0.05	4.8	1182625		CHAMBLFERT.Dec 30	403.45	-2.22	2.04	60546100
OFSS.Dec 30	4242.55	0.05	0.42	623875		HAVELLS.Dec 30	1396.7	-1.93	5.09	6097263
AUBANK.Dec 30	1167.4	0.08	1.05	3693500		APLLTD.Dec 30	806.9	-1.85	6.92	1.37E+08
CADILAHC.Dec 30	464.9	0.1	1.79	18847400		APOLLOHOSP.Dec 30	5265	-1.8	3.72	18520700
Short Covering						Long Unwinding
JSWSTEEL.Dec 30	674.9	0.08	-0.71	45728550		BIOCON.Dec 30	374.7	-2.57	-2.52	18558700
OBEROIRLTY.Dec 30	882.85	0.1	-0.04	3213700		BANKNIFTY.Dec 30	37203	-0.53	-0.98	2270975
SRF.Dec 30	2139.5	0.16	-0.84	3485000		POLYCAB.Dec 30	2381.1	-0.52	-2.39	501900
DLF.Dec 30	400.1	0.38	-0.48	32604000		PIIND.Dec 30	2945.3	-0.47	-0.14	1653500
PEL.Dec 30	2649.45	0.39	-0.32	3619825		DEEPAKNTR.Dec 30	2330.1	-0.44	-0.21	2401000

TOP DELIVERY PERCENTAGE

Stocks	Price	%Chg	Total Qty	Delivery	Del %			% Change
							Sectors	Price	Change %	Quantity
Sbi Life Insurance	1161.35	-0.7	1136171	0	74.6		Nifty 50	17516.85	0.27	80832
Hdfc Bank Ltd.	1526.85	-1.73	5873872	0	73.77		Nifty Bank	37082.45	-0.54	80832
Crompton Greaves Consume	438.65	2.19	928259	0	73.55		Nifty it	35946.35	-0.04	80832
Lupin Limited	887.55	-0.19	897841	0	71.97		India Vix	16.6	-3.82	80832
Dabur India Ltd.	579.75	0.99	1444157	0	71.08		Nifty Fmcg	38201.65	1.44	80832
Hdfc Ltd.	2842.05	-0.38	2036491	0	70.65		Nifty Mnc	19136.65	0.85	80832
Hdfc Life Insurance Comp	683.15	-0.47	1650779	0	70.23		Nifty Pharma	13449.4	0.12	80832
Hindustan Unilever Ltd	2339.75	-0.04	716666	0	68.94		Nifty Auto	11058.75	0.46	80832
Rec Limited	136.75	0.44	7817226	0	68.71		Nifty Metal	5629.8	0.62	80829
Godrej Cons Products Ltd	927.7	2.76	2071868	0	68.23		Nifty Realty	507.65	-0.28	80832

UPCOMING ECONOMIC DATA

Domestic                                                                                                                                                  International
INR: Manufacturing Output (MoM) (Oct) on 10th December, 2021 INR: Industrial Production (YoY) (Oct) on 10th December, 2021	•USD: CPI (YoY) (Nov) on 10th December, 2021 •USD: Federal Budget Balance (Nov) on 11th December, 2021

NEWS UPDATES

• Biscuits major Parle Products expects 20-25 per cent growth in exports on the back of the government’s production-linked incentive (PLI) scheme in the food processing sector, for which it has received approval, according to a senior company official. The company, which exports its products to over 100 countries globally, feels that the PLI scheme will help it in becoming cost competitive, besides increasing competitiveness abroad with offerings of quality products.

• Bharti Airtel on Thursday launched ‘Airtel India Startup Innovation Challenge’ in partnership with Invest India that will let early-stage technology companies demonstrate differentiated solutions. The challenge invites early-stage Indian startups to demonstrate solutions for 5G, IoT, Cloud Communications, Digital Advertising and Digital Entertainment.

• Homegrown pharma major Dr Reddy’s Laboratories on Thursday said it has launched Valsartan tablets, used for treatment of high blood pressure and heart failure, in the US market. The Valsartan tablet is the generic therapeutic equivalent of Diovan, approved by the US Food and Drug Administration (USFDA), the company said in a regulatory filing.

• India’s TVS Motor Company, the flagship of the $8.5 billion TVS Group, said on Thursday it has a new distribution partnership with Active Motors SA for Nicaragua and Costa Rica to expand its business in Central America further. Active Motors SA, a subsidiary of Grupo Q, will support TVS Motor with dedicated sales, service, spares and customer relationship management (CRM).

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

BOARD MEETINGS

Company Name	Purpose	Ex-Date	Company Name	Purpose	Ex-Date
AASHKA	Half Yearly Results	10-Dec-21	INDPRUD	General	11-Dec-21
BHATIA	General	10-Dec-21	LACTOSE	General	11-Dec-21
BLUECLOUDS	Preferential Issue of shares	10-Dec-21	MAGANTR	General	11-Dec-21
DYNAMIND	General	10-Dec-21	SHANTAI	General	11-Dec-21
OBCL	General	10-Dec-21	SHUBHAM	Quarterly Results	11-Dec-21
SHIVAMAUTO	Right Issue of Equity Shares	10-Dec-21	VEDL	Interim Dividend	11-Dec-21
SINDHUTRAD	Stock  Split	10-Dec-21	CMMHOSP	General	13-Dec-21
STL	General	10-Dec-21	DANUBE	Stock  Split	13-Dec-21
SUPRAP	General	10-Dec-21	GRNLAMIND	Stock  Split	13-Dec-21
UNIVPHOTO	Voluntary Delisting of Shares	10-Dec-21	JINDALPHOT	Voluntary Delisting of Shares	13-Dec-21
BEARDSELL	Right Issue of Equity Shares	11-Dec-21	MAHACORP	General	13-Dec-21
CRPRISK	A.G.M.;Audited Results	11-Dec-21	SWORDEDGE	Bonus issue	13-Dec-21

CORPORATE ACTION

Company Name	Ex-Date	Purpose	Company Name	Ex-Date	Purpose
SEACOAST	10-Dec-21	E.G.M.	CHEVIOT	16-Dec-21	Buy Back of Shares
NIHARINF	13-Dec-21	E.G.M.	EARUM	16-Dec-21	Stock  Split From Rs.10/- to Rs.2/-
HINDZINC	14-Dec-21	Interim Dividend – Rs. – 18.0000	KKCL	16-Dec-21	Bonus issue 4:1
NMDC	14-Dec-21	Interim Dividend – Rs. – 9.0100	MPSLTD	16-Dec-21	Buy Back of Shares
TTKPRESTIG	14-Dec-21	Stock  Split From Rs.10/- to Rs.1/-	SRD	16-Dec-21	Bonus issue 1:1
RAJESHEXPO	15-Dec-21	Dividend – Rs. – 1.0000	VEDL	16-Dec-21	Interim Dividend
BNRSEC	16-Dec-21	Right Issue of Equity Shares	BAMBINO	21-Dec-21	Final Dividend – Rs. – 1.6000

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