morning-outlook-9juneNIFTY:

The Nifty opened at 15773.90 with a gap up of 22 points. The index recorded its intraday high a few ticks above the opening prices and saw a sharp decline. Prices have moved down almost 100 points in the next one hour of trading and recorded its intraday low at 15680. Prices spend the rest of the day moving volatile and range bound and finally closed at 15740. The IT and FMCG sectors have performed well and closed higher while Bank and Metals have underperformed and closed lower.

The Nifty traded very volatile and closed without much change. The index keeps on moving narrow from the last few trading days. We have mentioned that a trading opportunity may emerge either after a dip or brief consolidation. A range of 15600-15800 has been developed in the index for the last four days. A breakout from this range will give us a trade. Look to buy above 15800 or sell short below 15600. Keep a stop of 90 points or target of 210 points.

BANK NIFTY:

Bank Nifty opened at 35433.80 with a minor gap up. The index recorded its intraday high near the opening tick and started drifting downwards. PSU and Private Banks both have seen a decline and closed lower by almost 1%. Within the index, in terms of points, RBL Bank contributed highest while ICICI Bank the lowest.

We have suggested a trade and the trade is to buy above 35900 or sell short below 34800.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
TATAMOTORS 352.75 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 345 and for the target 362
DEEPAK NITRITE 1825.65 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1795 and for the target 1865

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SUNPHARMA 680 CE BUY 17.65 CMP 14 24 OI increase

 

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PFIZER.21.06 Jun 5474 4.96 51 272375 FINNIFTYW.21.06 Jun 16612.85 -0.77 38.89 1000
UBL.21.06 Jun 1380.05 1.97 24.59 1947400 CUB.21.06 Jun 166.35 -1.04 12.83 7715900
TORNTPOWER.21.06 Jun 466.5 1.82 22.96 2820000 SIEMENS.21.06 Jun 2116.55 -0.27 10.57 1038125
LTI.21.06 Jun 4011.45 2.67 21.16 654450 SRTRANSFIN.21.06 Jun 1474 -0.9 8.47 4817600
NAVINFLUOR.21.06 Jun 3425 6.21 20.6 371475 HAVELLS.21.06 Jun 1041.45 -1 8.28 4115000
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
BHARATFORG.21.06 Jun 761.7 1.29 -6.95 8029500 EXIDEIND.21.06 Jun 197.6 -0.15 -2.69 11736000
RBLBANK.21.06 Jun 217.7 0.07 -4.26 25267700 TVSMOTOR.21.06 Jun 647.4 -0.5 -2.42 6608000
BOSCHLTD.21.06 Jun 15914.05 1.31 -3.64 99400 COALINDIA.21.06 Jun 156.5 -0.41 -2.42 49261800
IBULHSGFIN.21.06 Jun 252.5 1.71 -2.92 30690000 SBILIFE.21.06 Jun 982.85 -1.09 -1.35 6290250
TRENT.21.06 Jun 864.85 0.48 -2.74 901175 CONCOR.21.06 Jun 715.5 -0.96 -1.27 7153851

 

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2359 0.84 1106664 794272 70.4 Nifty it 27623.8 1.2 90465
Icici Lombard General In 1467.7 1.62 586141 455076 65.54 Nifty Pharma 14189.85 0.86 90465
Hcl Technologies Ltd. 967.2 1.85 6385642 2075799 63.24 Nifty Media 1854.75 0.85 90465
Infosys Limited 1412.95 1.68 7360630 3234781 62.76 Nifty Realty 355.8 0.85 90465
Tata Consultancy Serv Lt 3200.15 0.53 2574057 1587945 62.03 Nifty Fmcg 35672.45 0.84 90465
Sbi Life Insurance Compa 979.85 -0.88 3262160 428255 61.72 Nifty Auto 10873.9 0.62 90465
Hdfc Ltd. 2554.5 -1.21 3046814 1358166 61.12 Nifty Energy 20745 0.01 90465
Mah & Mah Ltd. 807.85 0.5 2960405 1816871 60.67 Nifty 50 15740.1 -0.07 90465
Aarti Industries Ltd. 1771.65 3.56 1573536 480790 60.33 Nifty Bank 35085.3 -1.01 90465
The Ramco Cements 997.4 0.89 453088 440820 59.37 Nifty Metal 5258.9 -1.06 90465

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Industrial Production YoY APR on 11th  June, 2021

INR: Foreign Exchange Reserves on 11th  June, 2021

•USD : Crude Oil Inventories on 9th June, 2021

•USD   Core CPI (MoM) (May) on 10th June, 2021

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NEWS UPDATES

  • The National Company Law Tribunal has cleared the acquisition of bankrupt Videocon Industries to Anil Agarwal owned firm, Twinstar Technologies. Twinstar had offered to pay Rs 2,962 crore to the lenders of Videocon Industries which was saddled with massive debt of Rs 46,000 crore. A Videocon official said Videocon Oil, Trend Electronics and KAIL’s resolution processes are also going on and banks will recover dues from these three companies separately.
  • Glenmark Life Sciences Ltd and Utkarsh Small Finance Bank have got approval from the Securities and Exchange Board of India to raise funds via initial public offering. Glenmark Life Sciences’ IPO consists of a fresh issue of shares worth ₹1,160 crore and an offer for sale of up to 7.31 million shares by parent Glenmark Pharmaceuticals Ltd. Utkarsh Small Finance plans to raise nearly ₹1,350 crore through its public offering. Its IPO comprises a fresh issue of ₹750 crore and an offer for sale by Utkarsh Coreinvest of up to ₹600 crore.
  • India’s General Insurance (GI) industry saw its growth slow down to 4% to Rs1.85 trillion in financial year 2020-21 (FY21) from Rs1.78 trillion in FY20, largely the result of the coronavirus pandemic which had led to a stringent nationwide lockdown last year, credit rating agency Icra said.
  • Having reported stellar numbers for the March ended quarter, Jindal Steel and Power Ltd (JSPL) has continued to post strong production numbers. Output rose 31% year-on-year (yoy) to 13.71 lakh tonnes during Apr-May. Sales, however, took a hit due to lockdowns imposed by state governments to contain the second wave of the pandemic.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BAJAJHCARE Final Dividend;Audited Results 09-Jun-21 PSITINFRA General;Audited Results 09-Jun-21
BATAINDIA Audited Results;Dividend 09-Jun-21 RELTD Audited Results 09-Jun-21
DLTNCBL Quarterly Results;Audited Results 09-Jun-21 SADHNANIQ Bonus issue;Audited Results 09-Jun-21
DYNAMIC Final Dividend;Audited Results 09-Jun-21 SAGRSOY-B Audited Results 09-Jun-21
GAIL Audited Results 09-Jun-21 SCFL Reduction of Capital;Audited Results 09-Jun-21
GAYAHWS Audited Results 09-Jun-21 SENINFO General 09-Jun-21
GSS Audited Results 09-Jun-21 SHIVAMAUTO Right Issue;Audited Results 09-Jun-21
HPCOTTON Audited Results 09-Jun-21 STARCEMENT Audited Results 09-Jun-21
IMFA Final Dividend;Audited Results 09-Jun-21 SWISSMLTRY General 09-Jun-21
INDRAMEDCO Audited Results 09-Jun-21 TANAA Audited Results 09-Jun-21
INTEGFD Quarterly Results 09-Jun-21 TAVERNIER Audited Results 09-Jun-21
INVENTURE Audited Results 09-Jun-21 TEAMLEASE Audited Results 09-Jun-21
MARIS General 09-Jun-21 THACKER Audited Results 09-Jun-21
MONEYBOXX General;Audited Results 09-Jun-21 TIAANC Bonus issue 09-Jun-21
MUKTA Audited Results 09-Jun-21 UNIOFFICE Audited Results 09-Jun-21
MUNJALAU Final Dividend;A.G.M.; Results 09-Jun-21 VBDESAI Audited Results 09-Jun-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
HUHTAMAKI 09-Jun-21 Final Dividend – Rs. – 3.00 NAM-INDIA 10-Jun-21 Final Dividend – Rs. – 5.00
RALLIS 09-Jun-21 Final Dividend – Rs. – 3.00 SHREDIGCEM 10-Jun-21 Dividend – Rs. – 2.50
VIKASECO 09-Jun-21 Right Issue of Equity Shares TATACONSUM 10-Jun-21 Final Dividend – Rs. – 4.0500
ASIANPAINT 10-Jun-21 Final Dividend – Rs. – 14.50 VBL 10-Jun-21 Bonus issue 1:2
GHCL 10-Jun-21 Final Dividend – Rs. – 5.50 VTMLTD 10-Jun-21 Dividend – Rs. – 0.60
ITC 10-Jun-21 Final Dividend – Rs. – 5.7500 BAJAJCON 11-Jun-21 Final Dividend – Rs. – 4.00

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