Morning-Outlook-Feature-Image






outlook-11-04-22

NIFTY:

Nifty opened at 17698.15 with a gap up of 59 points. The index initially moved down, filled the gap, and recorded its intraday low at 17600.55. Prices have found strong support there, started a process of consolidation, and then broke it on the upside. Prices have seen a sharp rally of more than 200 points and recorded its intraday high at 17842.75.Prices have seen a minor correction and then consolidation towards the end of today ‘s trading session. The index finally closed at 17784.35 with a gain of 144.80 points or 0.82% up. All the sectoral indices have closed with gains today except the IT sector which ended with a minor loss of 0.08%.The FMCG, METAL outperformed today and closed with a gain of more than 2%.

Yesterday, we mentioned that holding 17600 supports will suggest us a buying opportunity in the index. On Monday, we should look for a buying opportunity on a breakout above today’s high which is recorded around 17850. In case of a gap up above 17850, look to buy above the first 15 minutes of high. But if the index did not go up then we should look for a shorting opportunity on a breakdown below 17600. Keep a stop of 110 points and a target of 240 points from your entry price.

BANK NIFTY:

BANK NIFTY opened at 37619.70 without much of a gap. The index initially moved very volatile and recorded its intraday low at 37405.20. Prices finds strong support there, bounced up and recorded its intraday high at 37884.20. The index again consolidated in the last hour of trading and finally closed at 37798.45 with a gain of 195 points. PSU and PVT BANKS both have performed almost same today, saw an intraday rally and ended with gains of 0.80%& 0.51% respectively. Within the index, in terms of points, ICIC IBANK contributed the highest while IDFC FIRST BANK contributed the lowest.

The short-term trend is up. Moreover, prices have locked inside a narrow trading range from the last three trading days. The levels are 37300 as a support and 37800 as a resistance .A breakout from this range may give us a trading opportunity.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
APOLLOHOSP 4606 BUY The stock is on the verge of giving the breakdown on the intraday as well as the daily chart. The stock can be buy  with a stop loss of 4570 and for the target of  4700.
RBLBANK 128.10 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 128 with a stop loss of 129 and target  of  125.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HDFCBANK 1540 CE BUY 37 CMP 25 60 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ATUL.Apr 28 10004.95 0.05 0.96 157725 RBLBANK.Apr 28 128.2 -7.14 52.79 70728100
SBICARD.Apr 28 858.85 0.05 5.56 6828000 TRENT.Apr 28 1277.85 -2.73 7.94 2859400
LUPIN.Apr 28 786.9 0.07 0.68 8864650 CIPLA.Apr 28 1017.65 -2.36 9.35 8867950
GODREJPROP.Apr 28 1673.9 0.08 1.12 4160000 OBEROIRLTY.Apr 28 965.2 -2.1 6.59 3817800
HDFCBANK.Apr 28 1527.05 0.1 14 50242500 BALRAMCHIN.Apr 28 511.25 -1.62 0.33 7844800
                                                                        Short Covering                                                                       Long Unwinding
GMRINFRA.Apr 28 40.5 0.37 -0.41 1.08E+08 IBULHSGFIN.Apr 28 173.1 -2.37 -0.38 39401000
RECLTD.Apr 28 134 0.41 -1.48 29526000 ABFRL.Apr 28 309.1 -1.1 -0.96 11741600
ZEEL.Apr 28 287.85 0.49 -0.99 84597000 NBCC.Apr 28 40.5 -1.1 -4.76 24480000
PNB.Apr 28 37.85 0.53 -0.34 2.12E+08 COLPAL.Apr 28 1573.25 -1.08 -0.77 2174200
IRCTC.Apr 28 789.65 0.6 -0.06 11699625 PFC.Apr 28 122.65 -0.16 -1.29 41267200

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Shriram Trans Fin Co. Lt 1207.2 2.82 2402752 0 78.53 Nifty50 17784.35 0.82 79962
Crompton Greaves Consume 375.75 0.03 1207518 0 77.8 Niftybank 37752.05 0.52 79968
Tata Consultancy Serv Lt 3685.65 0.04 2296773 0 72.71 Nifty it 35394.45 -0.08 79968
Ipca Laboratories Ltd. 1027.65 2.61 447291 0 71.65 India Vix 17.69 -6.89 79968
Hdfc Bank Ltd. 1514.65 -0.14 20628161 0 71.49 Nifty Fmcg 38322.65 2.03 79968
Indus Towers Limited 219.75 0.57 6689098 0 71.11 Nifty Pharma 13838.6 0.17 79968
Infosys Limited 1814.6 0.2 5131446 0 70.59 Nifty Realty 474.5 0.14 79968
Bharti Airtel Limited 762.1 -0.04 5583587 0 70.34 Nifty Auto 10894.3 0.68 79968
Alkem 3472.65 -0.87 109495 0 69.99 Nifty Metal 6755.55 2.07 79968
Hindustan Unilever Ltd 2183.05 0.84 1693462 0 69.35 Nifty Financial Services 17667.3 0.51 79968

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Industrial Production (YoY) (Feb) on  12th April, 2022

INR: CPI (YoY) (Mar) on 12th April, 2022

•USD:  Core CPI (YoY) (Mar) on 12th April, 2022

•USD:  PPI (MoM) (Mar) on 13th April, 2022

NEWS UPDATES

  • Fast-moving consumer goods (FMCG) sales slowed in the March quarter on the back of a sharp rise in prices, especially in commodity products that include edible oil, retail Intelligence platform Bizom said. Consumers in both rural and urban areas have started to downtrade in products. We are, however, seeing an immediate slowdown in sales at urban areas as rural consumers buy smaller packs more frequently, Bizom said.
  • Hit by semiconductor shortage, Jaguar Land Rover (JLR) on Friday said its retail sales declined by 36 per cent to 79,008 units in the fourth quarter of 2021-22 fiscal as compared with same period last year. The Tata Motors-owned luxury automaker noted that the retail sales for the three-month period continued to be constrained by the global semiconductor shortage. As on March 31, 2022, the total order book has grown to over 1,68,000 units, up around 14,000 orders from December 31, 2021 period.
  • Ambuja Cements expects demand in the cement industry to grow over 7 per cent in 2022, adding it is “well-braced” to meet the requirements. The growth would be helped by factors such as infrastructure growth, demand for housing, increase in rural incomes and industrial growth, said Ambuja Cements, part of Swiss building material major Holcim group (earlier LafargeHolcim).
  • ABB India announced expansion of its Gujarat factory to meet growing global demand for digital substation products and digital systems. Located within ABB India’s largest manufacturing campus, this new factory will meet the growing demand for a wide range of digital substation products and digital solutions in India and in more than 50 countries.
Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
7NR Right Issue of Equity Shares;General 11-Apr-22 RRMETAL General 11-Apr-22
BETXIND General 11-Apr-22 SHUKJEW Audited Results 11-Apr-22
BIRLATYRES Audited Results;Quarterly Results 11-Apr-22 SKRABUL Audited Results 11-Apr-22
DELTACORP Audited Results;Final Dividend 11-Apr-22 SUPRBPA Preferential Issue of shares 11-Apr-22
DML General 11-Apr-22 TCS Audited Results;Final Dividend 11-Apr-22
ELNET Audited Results;Final Dividend 11-Apr-22 UDAYJEW General 11-Apr-22
GOLECHA Quarterly Results 11-Apr-22 ANANDRATHI Audited Results;Final Dividend 12-Apr-22
HATHWAYB Audited Results 11-Apr-22 EVEXIA Audited Results;General 12-Apr-22
KESORAMIND Audited Results;Quarterly Results 11-Apr-22 GAYATRIBI Audited Results 12-Apr-22
LASA Audited Results;Final Dividend 11-Apr-22 GMBREW Audited Results;Final Dividend 12-Apr-22
MNIL  Results;Right Issue of Equity Shares 11-Apr-22 HATHWAY Audited Results 12-Apr-22
MPL Audited Results 11-Apr-22 JAYKAY Preferential Issue of shares 12-Apr-22
NESTLEIND Interim Dividend;Quarterly Results 11-Apr-22 SIMPLEXINF Preferential Issue of shares 12-Apr-22

 

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ASIANTILES 11-Apr-22 Right Issue of Equity Shares SANOFI 12-Apr-22 Special Dividend – Rs. – 309.0000
BMW 11-Apr-22 Interim Dividend – Rs. – 0.0200 WORL 12-Apr-22 Bonus issue 2:1
PCBL 11-Apr-22 Stock  Split From Rs.2/- to Rs.1/- MAHINDCIE 13-Apr-22 Final Dividend – Rs. – 2.5000
ADCON 12-Apr-22 Stock  Split From Rs.10/- to Rs.1/- DUCON 18-Apr-22 Bonus issue 1:10
ARIHCAPM 12-Apr-22 Stock  Split From Rs.5/- to Rs.1/- INFRATRUST 18-Apr-22 Income Distribution (InvIT)
BALFC 12-Apr-22 Stock  Split From Rs.10/- to Rs.2/- VSL 18-Apr-22 Stock  Split From Rs.10/- to Rs.2/-
JYOTISTRUC 12-Apr-22 E.G.M. DILIGENT 19-Apr-22 Stock  Split From Rs.5/- to Rs.1/-
SANOFI 12-Apr-22 Final Dividend – Rs. – 181.0000 IDFC 19-Apr-22 Interim Dividend – Rs. – 1.0000

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