Nifty opened at 16263 with a big gap down of 93 points. The index first tried to continue down momentum and makes low at 16243.85. However, prices found support at 16250 and then rallied higher. The index recorded its intraday high at 16492.80 in the last session of the market and then found strong resistance there Prices have finally closed at 16478 with a gain of 121.85 points or 0.74% up. METAL led the bears today and closed with a loss of more than 1.31% followed by the PSU BANK and IT,PVT BANK led the bulls today and closed with a gain of more than 0.40 % followed by the auto. Prices have seen a down move of more than 1684 points which is more than 9 % from its swing highs around 18100 recorded at the beginning of April month. A bearish pattern of lower highs and lower lows is clearly visible. This may be good news for traders who are trying to identify a possible bottom in the current decline With 16000 (Sixteen Thousand) as the make or break zone, Traders may look to buy dips and declines in the Nifty. Each trader has a different method to manage such a trade.The underlying principle currently is Avoid long positions below 16000.
Bank Nifty opened at 34802 with a gap down of 89 points. The index first moved down and makes low at 34659.10 found support, and then rallied to record its intraday high at 35149.10. Prices faces strong resistance there and started drifting downwards but prices finally closed at 35085.45 with a gain of 139 points. PSU BANKS have underperformed today and closed lower by 0.29%. PVT BANKS have outperformed today and ended with a gain of 0.40%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while SBIN BANK contributed the lowest.
A Narrow Range day has been made today. Narrow range days are often followed by breakouts. Watch price action on Friday. Buying is possible above today’s high of 35,149. A short trade (not recommended since trend is mildly up) is possible below 34659 a short trade can be initiated.
|RELIANCE||2798||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 2780 and for the target of 2840.|
|TATASTEEL||1044||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 1044 with a stop loss of 1060 and target of 1020.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|INFY||1520 CE||BUY||36||CMP||28||50||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|TATAPOWER.22.06 Jun||232.2||0.02||1.11||87982875||STAR.22.06 Jun||314.25||-4.54||10.41||4020300|
|EXIDEIND.22.06 Jun||148.55||0.03||0.55||18550800||VEDL.22.06 Jun||304||-3.38||0.05||48941250|
|APLLTD.22.06 Jun||735.1||0.03||0.47||1185100||IBULHSGFIN.22.06 Jun||117.45||-2.41||2.94||33731100|
|HINDUNILVR.22.06 Jun||2186||0.05||1.82||11920800||APOLLOTYRE.22.06 Jun||205.3||-1.96||8.95||12117500|
|Short Covering||Long Unwinding|
|GLENMARK.22.06 Jun||396.75||0.05||-0.26||6246800||HINDCOPPER.22.06 Jun||103.4||-1.15||-0.59||11618600|
|DELTACORP.22.06 Jun||196.5||0.2||-1.98||16054000||ATUL.22.06 Jun||8054.95||-0.62||-1.39||95775|
|AMBUJACEM.22.06 Jun||366||0.3||-0.95||55627500||RAIN.22.06 Jun||174.05||-0.6||-0.82||6357500|
|MOTHERSON.22.06 Jun||124.7||0.36||-0.3||31066000||ASHOKLEY.22.06 Jun||138.1||-0.47||-0.4||38371500|
|BANKNIFTY.22.06 Jun||35180||0.48||-2.16||2358750||DLF.22.06 Jun||326.45||-0.06||-0.5||42881850|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|City Union Bank Ltd.||139.85||0.83||2426374||0||76.58||Nifty50||16478.1||0.74||83178|
|Icici Lombard General In||1125.3||1.59||2288225||0||69||Niftybank||35085.45||0.4||83178|
|Bharti Airtel Limited||676.35||1.97||6774925||0||68.38||Nifty it||29761.55||0.98||83178|
|Ambuja Cements Ltd||365.3||0.62||5238450||0||67.96||India Vix||19.14||-3.53||83181|
|Power Grid Corporation o||224.85||0.13||7101031||0||65.63||Nifty Pharma||12465.9||1.2||83181|
|Godrej Cons Products Ltd||762.95||1.99||1018160||0||63.28||Nifty Realty||405.3||0.26||83181|
|Cipla Ltd||971.95||0.93||1405851||0||62.84||Nifty Auto||11419.25||0.32||83175|
|Havells India Limited||1132.05||2.07||1870191||0||62.21||Nifty Metal||5278.2||-1.31||83175|
|Nestleind||16768.15||0.27||28748||0||62.17||Nifty Financial Services||16209.85||0.39||83175|
UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 10th June, 2022||•USD: Federal Budget Balance (May) on 10th June, 2022
•USD: Core CPI (MoM) (May) on 10th June, 2022
A consortium of Apollo Global Management Inc. and Reliance Industries Ltd. has made a binding offer for Walgreens Boots Alliance Inc.’s international drugstore arm, people with knowledge of the matter said. The bid for the Boots business is fully backed by committed financing, the people said, asking not to be identified because the information is private.
Coal India Ltd (CIL) has issued a tender for purchasing imported coal for power generating companies (gencos) in the wake of the Centre directing it to meet the shortfall in the domestic coal supply chain. CIL has called for bids to supply 2.4 million tonnes (MT) of coal to be delivered for the July to September 2022 period. The estimated value of the contract is Rs 3,100 crore, CIL said in the tender document.
Welspun Corp Ltd (WCL) has partnered with Tata Steel to develop the “framework for and subsequently manufacturing” pipes for transportation of pure hydrogen and natural gas-blended hydrogen. While Welspun Corp Ltd, the flagship company of Welspun Group, is a leading welded line pipe manufacturer, Tata Steel is among the top three steel making companies in India.
Omaxe, one of India’s leading real estate developers, on Thursday announced its partnership with Jio-bp, a fuel and mobility joint venture between Reliance Industries Limited (RIL) and bp, to establish a battery charging ecosystem for electrical vehicles. Jio-bp will set up EV charging and swapping infrastructure at various Omaxe properties across Delhi, Noida, Greater Noida, Faridabad, Ghaziabad, New Chandigarh, Ludhiana, Patiala, Amritsar, Jaipur, Sonipat and Bahadurgarh in a phased manner.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|APIS||Dividend on Preference Shares;Results||10-Jun-22||RELICAB||Bonus issue||10-Jun-22|
|ESCORP||Bonus issue;General||10-Jun-22||SABOOSOD||Right Issue of Equity Shares;General||10-Jun-22|
|INDINFR||General||10-Jun-22||WSIND||Preferential Issue of shares;General||10-Jun-22|
|MAYUKH||General||10-Jun-22||AMANITRA||Issue Of Warrants;Pref. Issue||11-Jun-22|
|NETPIX||General||10-Jun-22||APMFINVEST||Issue Of Warrants;Preferential Issue;ESOP||11-Jun-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|CEATLTD||10-Jun-22||Final Dividend – Rs. – 3.0000||AVONMORE||14-Jun-22||Buy Back of Shares|
|LKPFIN||10-Jun-22||Final Dividend – Rs. – 3.0000||DCBBANK||14-Jun-22||Dividend – Rs. – 1.0000|
|LKPSEC||10-Jun-22||Final Dividend – Rs. – 0.3000||HAVELLS||14-Jun-22||Final Dividend – Rs. – 4.5000|
|SADHNA||10-Jun-22||Stock Split From Rs.10/- to Rs.1/-||INDIANB||14-Jun-22||Final Dividend – Rs. – 6.5000|
|SAGARSOFT||10-Jun-22||Dividend – Rs. – 3.0000||PUNJCOMMU||14-Jun-22||E.G.M.|
|SHREDIGCEM||10-Jun-22||Final Dividend – Rs. – 2.0000||RSYSTEMINT||14-Jun-22||Interim Dividend – Rs. – 6.5000|
|TATACOMM||10-Jun-22||Final Dividend – Rs. – 20.7000||CANBK||15-Jun-22||Dividend – Rs. – 6.5000|
|CERA||13-Jun-22||Final Dividend – Rs. – 20.0000||HIGHENE||15-Jun-22||Final Dividend – Rs. – 15.0000|
|CERA||13-Jun-22||Special Dividend – Rs. – 15.0000||HINDUNILVR||15-Jun-22||Final Dividend – Rs. – 19.0000|
|DARSHANORNA||13-Jun-22||Stock Split From Rs.10/- to Rs.2/-||KEC||15-Jun-22||Final Dividend – Rs. – 4.0000|
|RAJGLOWIR||13-Jun-22||Final Dividend – Rs. – 2.0000||KHAICHEM||15-Jun-22||Final Dividend – Rs. – 0.1500|
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