Morning-Outlook-Feature-Image

Morning-outlook-15dec

NIFTY:

The NIFTY opened at 18671.25 with a gap up of 63 points. Prices initially saw a dip but recovered quickly and started an upside move to record its intraday high at 18696.10. The index then a gain moved down, found support near the early morning low, and went up. Prices did not cross above the high recorded in the morning and started drifting downwards. A sharp decline came and prices have crossed below the early morning low to record its intraday low at 18632.90. The index finally closed at 18660.30 with a gain of 52.30 points or 0.28% up. All the sectoral indices have closed higher today except FMCG which ended with a loss of 0.43%. The IT, METAL, and REALTY sectors outperformed today and closed with a gain of over 1%. The idea is to wait till 09:30 AM and then buy above the high recorded or sell short below the low recorded. Keep a stop of 60 points and a target of 110 points from your entry price. Since this is an intraday trade, close the position before the market closes.

BANK NIFTY:

The BANK NIFTY opened at 44078.60 with a gap up of 157 points. The index first moved down and then started a consolidation process. The index recorded its intraday low at 43987.95 and then moved up to record its intraday high at 44151.80. Prices then saw a modest decline till the end and finally dosed at 44014.50 with a gain of 93 points. PSU and PVT BANKS both performed almost the same today, saw an upside move, and closed with a gain of 0.56% & 0.43% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while ICICIBANK contributed the lowest. The short-term trend is still up as the index has recorded lifetime new highs again. The idea is to wait till 09:30 AM and then look to buy above the high recorded or sell short below the low recorded in the first 15 minutes of trading. Keep a stop of 180 points and a target of 340 points from the entry point. If this trade executes and neither the stop nor the target reaches then consider exiting the position before the market closes.

 

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE
M&M 1286.45 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought above 1288 with a stop loss of 1281.50 and a target of 1300.
HAL 2683.65 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2679.65 with a stop loss of 2691.60 and a target of 2659.70.

 

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
EICHER MTR 3400 CE BUY 63.10 CMP 50 88 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RBLBANK.22.12 Dec 167.85 5.67 1.15 42600000 COLPAL.22.12 Dec 1579.05 -4.44 26.18 3151050
IBULHSGFIN.22.12 Dec 145.85 5 9.75 44100000 PAGEIND.22.12 Dec 45500 -3.4 14.23 106800
IDFCFIRSTB.22.12 Dec 63 4.13 1.89 1.57E+08 ABBOTINDIA.22.12 Dec 20638 -1.56 3.85 46360
CUB.22.12 Dec 204.5 3.81 14.6 10165000 DABUR.22.12 Dec 590.2 -1.41 1.81 10620000
BALRAMCHIN.2212Dec 384.4 3.56 3.52 8753600 HINDPETRO.22.12 Dec 244.55 -1.39 8.31 24005700
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDEA.22.12 Dec 8.7 9.43 -0.1 504490000 NESTLEIND.22.12 Dec 20176.6 -1.51 -0.75 268360
SRF.22.12 Dec 2409.5 2.66 -1.63 4077375 HINDUNILVR.22.12 Dec 2696.55 -1.05 -1.23 6816600
INDUSTOWER.2212Dec 200.15 2.38 -0.25 13428800 TATACOMM.22.12 Dec 1367 -0.78 -5.43 2605000
DALBHARAT.22.12 Dec 1902.2 2 -6.49 1456000 RAMCOCEM.22.12 Dec 726.8 -0.56 -4.22 3452700
JUBLFOOD.22.12 Dec 536.05 1.98 -0.84 15266250 AMBUJACEM.22.12 Dec 585.7 -0.51 -0.09 76510800

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Alkem 3098.85 -0.17 169472 0 80.41 Nifty50 18660.3 0.28 90348
Mphasis Limited 2000.85 0.6 456721 0 75.27 Niftybank 44049.1 0.23 90366
Hdfc Life Insurance Comp 580.35 -0.34 2800824 0 74 Nifty it 29713.9 1.15 90366
Icici Bank Ltd. 921.75 -1.2 12319827 0 73.84 India Vix 12.89 0.08 90363
Hindustan Unilever Ltd 2684.65 -0.95 886858 0 73.42 Nifty Fmcg 45949.35 -0.43 90366
Itc Ltd. 345.4 -0.06 7379878 0 73.01 Nifty Pharma 12883.6 0.67 90366
Crompton Greaves Consume 356.25 1.81 811703 0 70.2 Nifty Realty 452.45 1.45 90366
The Ramco Cements 722.45 -0.37 163741 0 69.53 Nifty Auto 13004.1 0.57 90366
Sbi Life Insurance Compa 1269.75 -0.63 609946 0 69.4 Nifty Metal 6805.85 1.25 90366
Can Fin Homes Ltd 546.7 1.28 1892544 0 68.54 Nifty Financial Services 19466 0.29 90366

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Trade Balance on 15th December, 2022

INR: Bank Loan Growth on 16th December, 2022

 USD: Fed Interest Rate Decision on 15th  December, 2022

USD: FOMC Press Conference on 15th  December, 2022

NEWS UPDATES

  • Indian benchmark indices ended with moderate gains in the volatile session on December 14.At Close, the Sensex was up 144.61 points or 0.23% at 62,677.91, and the Nifty was up 52.30 points or 0.28% at 18,660.30. About 1961 shares have advanced, 1476 shares declined, and 135 shares are unchanged.
  • The public issue of premium automobile retailer Landmark Cars continued to see muted response from investors on December 14, the second day of bidding. Investors have bought 28.50 lakh shares against an offer size of 80.41 lakh shares, helping the issue subscribe 35 percent.
  • Wholesale Price Index, stood at 5.85% in November compared to 8.39% in October, according to data released by the Ministry of Commerce and Industry, on Wednesday. The gauge fell 0.3% over the previous month.
  • Sula Vineyards IPO subscribed 2.33 times on final day, retail portion booked 1.64 times
Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AANCHALISP General 15-Dec-22 KBSINDIA Stock  Split 17-Dec-22
ANKITMETAL General 15-Dec-22 RDBRIL Scheme of Arrangement 17-Dec-22
CHPLIND General 15-Dec-22 ACROW General 19-Dec-22
HIMATSEIDE General 15-Dec-22 GOODLUCK Preferential Issue of shares;Issue Of Warrants 19-Dec-22
JAIBALAJI Preferential Issue of shares;Issue Of Warrants;Rights Issue;General 15-Dec-22 GUJSTATFIN Quarterly Results 19-Dec-22
MNIL General 15-Dec-22 SBC Buy Back of Shares 19-Dec-22
PRERINFRA Increase in Authorised Capital 15-Dec-22 VISAGAR Right Issue of Equity Shares 19-Dec-22
TIL Quarterly Results 15-Dec-22 SMLT Interim Dividend;General 20-Dec-22
ADVANIHOTR Interim Dividend;General 16-Dec-22 BHATIA General 21-Dec-22
DESHRAK General 16-Dec-22 PIFL General 21-Dec-22
EVANS Increase in Authorised Capital;General 16-Dec-22 RHETAN Increase in Authorised Capital;Bonus issue;Stock  Split;General 21-Dec-22
JAIHINDS General 16-Dec-22 SAGCEM Amalgamation 21-Dec-22
MURUDCERA Issue Of Warrants 16-Dec-22 VIVOBIOT Preferential Issue of shares;Issue Of Warrants 21-Dec-22
PATELENG Right Issue of Equity Shares 16-Dec-22 ZODIACLOTH Preferential Issue of shares 21-Dec-22
SHREESEC Stock  Split 16-Dec-22 JAYANT General 22-Dec-22
SREEL General 16-Dec-22 SUPREMEINF Quarterly Results;General 22-Dec-22
JWL Increase in Authorised Capital;Preferential Issue of shares;General 17-Dec-22 KSOLVES Quarterly Results 15-Jan-23

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BAROEXT 15-Dec-22 E.G.M. PRATIK 20-Dec-22 Reduction of Capital
PTC 15-Dec-22 Final Dividend – Rs. – 5.8000 SARTHAKIND 20-Dec-22 Bonus issue 1:3
RCF 15-Dec-22 Final Dividend – Rs. – 2.5000 TEXMOPIPES 21-Dec-22 E.G.M.
RCF 15-Dec-22 Interim Dividend – Rs. – 1.6000 KAMAHOLD 22-Dec-22 Buy Back of Shares
SUKHJITS 15-Dec-22 Interim Dividend – Rs. – 8.0000 ORCHIDPHAR 22-Dec-22 E.G.M.
APCL 16-Dec-22 Right Issue of Equity Shares PRECWIRE 22-Dec-22 Bonus issue 1:2
CLEDUCATE 16-Dec-22 Bonus issue 1:1 QUINT 22-Dec-22 Right Issue of Equity Shares
GLOSTERLTD 16-Dec-22 Bonus issue 1:1 TRITURBINE 22-Dec-22 Buy Back of Shares
LANCER 16-Dec-22 Stock  Split From Rs.10/- to Rs.5/- TRIVENI 22-Dec-22 Buy Back of Shares
RSWM 16-Dec-22 Right Issue of Equity Shares ZIMLAB 22-Dec-22 Bonus issue 2:1
STARHFL 16-Dec-22 Bonus issue 1:1 LAFFANSQ 23-Dec-22 E.G.M.
STARHFL 16-Dec-22 Stock  Split From Rs.10/- to Rs.5/- NATHIND 23-Dec-22 E.G.M.
STCORP 16-Dec-22 Stock  Split From Rs.10/- to Rs.2/- SAGARPROD 23-Dec-22 E.G.M.
THAMBBI 16-Dec-22 Right Issue of Equity Shares TRIVIKRAMA 23-Dec-22 E.G.M.
SHAWGELTIN 19-Dec-22 Special Dividend – Rs. – 100.0000 SECURCRED 26-Dec-22 Bonus issue 3:1

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