Morning-Outlook-Feature-Image
OUTLOOK

NIFTY:

NIFTY opened at 17554.10with a gap up of 91 points. The index initially went down, filled the gap, and fall further to record its intraday low at  17427.15. Prices find strong support there and bounce up. A sharp rally or more than 200 points brought prices to its intraday high at 17639.45. Prices then started a process of consolidation there. The index moved in a tight narrow range and saw a minor decline and finally closed at 17605.85 near its intraday highs with a gain of 142.05 points or 0.81% up. All the sectoral indices have closed with gains today except AUTO which ended with minor losses. BANK, FINANCIAL, IT, METAL, and MEDIA led the bulls today and closed with a gain of more than 1%.

A bullish Head & Should pattern on the 30 minutes timeframe chart has met with the pattern target of around 17550. The volatility is colling off as the volatility index ‘INDIA VIX’ has moved below 17. We should stay long in the index. Add more on a sharp dip towards 17300. intraday traders should also look for buying opportunities on any dip or consolidation breakouts. The short-term trend is up. Support is visible around 17300 and resistance is visible around 17800whichis also the recent swing high.

BANK NIFTY:

BANK NIFTY opened at 38801.45 with a gap up of 191 points . Prices first moved down and recorded its intraday low at 38520. The indexthe1 moved u p and recorded its intraday high at 39197.20. Prices then started a process of consolidation and saw a minor decline to finally closed at 38944.4 with a gain of 334 points. PVT BANKS have outperformed for the second consecutive day and closed higher by 0.99%. PSU BANKS have seen an under performance today and closed lower by just 0.05%.Within the index, in terms of points, HDFC BANK contributed the highest while PN B contributed the lowest.

Support is visible around 37700 and resistance is visible around 39400.Fresh buying should emerge on a dip towards 38000 or on a close above 39400. intraday traders should look for a buying opportunity on any dip or intraday consolidation breakouts.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
SRTRFIN 1265 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 above 1270 with a stop loss of 1250 and for the target of 1300.
AMBUJACEM 375 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 sold below 374 with a stop loss of 380 and target  of 365.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HCLTECH    1200 CE BUY 20 CMP 12 35 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TITAN.Feb 24 2487.35 0 0.65 5256000 PAGEIND.Feb 24 40777.7 -3.59 20.02 92430
SAIL.Feb 24 103.9 0.05 3.42 1.58E+08 IPCALAB.Feb 24 985.75 -3.55 0.91 1251900
BANDHANBNK.Feb 24 322.55 0.06 0.52 20046600 BHARATFORG.Feb 24 728.45 -2.85 27.68 6888000
BEL.Feb 24 203.2 0.1 0.62 33736400 CROMPTON.Feb 24 397.65 -2.29 12.61 3122900
CUB.Feb 24 140.3 0.11 1.19 12457600 AMBUJACEM.Feb 24 376 -2.17 8.24 14727000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GRANULES.Feb 24 312.75 0.29 -1.93 12297700 BRITANNIA.Feb 24 3534.05 0.12 -0.05 1215200
EXIDEIND.Feb 24 168.25 0.39 -0.71 24505200 RAMCOCEM.Feb 24 893.25 0.16 -2.64 1977950
TATACOMM.Feb 24 1283.8 0.41 -4.84 3301600 ATUL.Feb 24 9684.95 0.33 -1.14 84675
NESTLEIND.Feb 24 18194.8 0.48 -1.25 299725 L&TFH.Feb 24 75.95 0.33 -1.49 63574576
BANDHANBNK.Feb 24 322.5 0.5 -3.35 20212200 BERGEPAINT.Feb 24 727.6 0.34 -1.14 4560600

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Lombard General In 1366.85 2.23 604378 0 75.44 Nifty 50 17463.8 1.45 78411
Max Financial Services l 879.15 1.13 384437 0 72.1 Nifty Bank 38610.25 1.62 78411
Petronet Lng Limited 218 2.83 4111121 0 65.55 Nifty it 34983.3 1.05 78411
Hdfc Ltd. 2435.35 0.3 7141774 0 64.02 Nifty Auto 11680.15 2.39 78414
Abbott India Limited 16672.4 5.69 110598 0 63.33 Nifty Metal 5985 2.68 78414
Colgate Palmolive (india 1464.95 1.93 567872 0 61.93 India Vix 18.55 -9.22 78408
Hdfc Bank Ltd. 1497.6 2.01 5654171 0 61.84 Nifty Media 2215.3 0.81 78414
Axis Bank Limited 803.85 1.8 9399830 0 61.16 Nifty Fmcg 36852.85 0.24 78414
Hcl Technologies Ltd. 1180.9 2.03 3772972 0 60.91 Nifty Realty 467 -0.26 78414
Hindustan Unilever Ltd 2277.65 0.89 1049611 0 60.85 Nifty Pharma 13570.3 1.41 78414
Icici Bank Ltd. 802.8 2.09 8855292 0 60.6 Nifty Financial Services 17860.35 1.43 78411

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 11th February, 2022

INR: Industrial Production (YoY) on 11th February, 2022

•USD: Federal Budget Balance (Jan) on 11th February 2022

•USD: IEA Monthly Report  on 11th February 2022

NEWS UPDATES

  • Tata Chemicals on Thursday reported a 69.39 per cent growth in consolidated profit after tax (PAT) to Rs 340 crore for the quarter ended December 31, 2021. The company’s PAT had stood at Rs 200.72 crore during the corresponding quarter last year, Tata Chemicals said in a regulatory filing. Its revenue from operations during October-December 2021 jumped 20.54 per cent to Rs 3,141.58 crore, compared with Rs 2,606.08 crore in the year-ago period.
  • TVS Supply Chain Solutions (TVS SCS), part of the Rs 15,000 crore TVS Mobility Group, on Thursday announced the appointment of Ravi Viswanathan as the Managing Director. The company, in its recently concluded Board Meeting, approved the appointment and announced the changes with effect from February 7, 2022. R Dinesh, the fourth generation TVS Scion, would continue to guide the company in his new role as the Executive Vice Chairman.
  • Cement maker Nuvoco Vistas Corp on Thursday, as part of its expansion plans, announced investment of Rs 1,950 crore, which includes Rs 1,500 for setting up a new project in Gulbarga, Maharashtra. The new facility will help it expand its footprints in the Western and Central India markets, said Nuvoco Vistas Corp, a Nirma Group company, in a statement.
  • Food delivery platform Zomato on Thursday reported a narrowing of its net loss at Rs 63 crore for the quarter ending December 31, 2021 helped by a gain, while revenue jumped due to increased demand for restaurant meals. It reported a net loss of Rs 353 crore in the year-ago period.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BAJAJHIND Audited Results 11-Feb-22 TVTODAY Quarterly Results 11-Feb-22
FORCEMOT Quarterly Results 11-Feb-22 JPPOWER Quarterly Results 11-Feb-22
IFCI Quarterly Results 11-Feb-22 IDFC Quarterly Results 11-Feb-22
UFLEX Quarterly Results 11-Feb-22 RENUKA Quarterly Results 11-Feb-22
GODREJIND Quarterly Results 11-Feb-22 ALLCARGO Quarterly Results 11-Feb-22
ONGC Quarterly Results 11-Feb-22 SOBHA Quarterly Results 11-Feb-22
ASHOKLEY Quarterly Results 11-Feb-22 PFC Quarterly Results 11-Feb-22
VOLTAS Quarterly Results 11-Feb-22 FORTIS Quarterly Results 11-Feb-22
EXCELINDUS Quarterly Results 11-Feb-22 ASIANTILES Quarterly Results 11-Feb-22
MANGLMCEM Quarterly Results 11-Feb-22 KSCL Quarterly Results 11-Feb-22
NCLIND Interim Dividend;Quarterly Results 11-Feb-22 RELIGARE Quarterly Results 11-Feb-22
CHOLAHLDNG Quarterly Results 11-Feb-22 NHPC Interim Dividend;Quarterly Results 11-Feb-22
APOLLOHOSP General;Quarterly Results 11-Feb-22 GLOBUSSPR Quarterly Results 11-Feb-22
ITDCEM Quarterly Results 11-Feb-22 OIL Dividend;Quarterly Results 11-Feb-22
JAICORPLTD Quarterly Results 11-Feb-22 WABAG Quarterly Results 11-Feb-22
SEQUENT Quarterly Results 11-Feb-22 MOIL Interim Dividend;Quarterly Results 11-Feb-22
USHAMART Quarterly Results 11-Feb-22 SHREEPUSHK Quarterly Results 11-Feb-22
LUMAXIND General;Quarterly Results 11-Feb-22 LANCER Quarterly Results 11-Feb-22
MOTHERSUMI Quarterly Results 11-Feb-22 UJJIVAN Quarterly Results 11-Feb-22
KOVAI Quarterly Results 11-Feb-22 FINEORG Quarterly Results 11-Feb-22
ITI Quarterly Results 11-Feb-22 ARVINDFASN Quarterly Results 11-Feb-22
BODALCHEM General;Quarterly Results 11-Feb-22 MSTC Quarterly Results;Interim Dividend 11-Feb-22
INDIACEM Quarterly Results 11-Feb-22 METROPOLIS Quarterly Results;Interim Dividend 11-Feb-22
FAZE3Q Quarterly Results 11-Feb-22 MAZDOCK Quarterly Results 11-Feb-22
GLENMARK Quarterly Results 11-Feb-22 BECTORFOOD Quarterly Results;Interim Dividend 11-Feb-22
DIVISLAB Quarterly Results 11-Feb-22 INDIGOPNTS Quarterly Results 11-Feb-22
SUPRAJIT Interim Dividend;Quarterly Results 11-Feb-22 NAZARA Quarterly Results 11-Feb-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ACRYSIL 11-Feb-22 Interim Dividend – Rs. – 1.20 QGO 14-Feb-22 Interim Dividend – Rs. – 0.10
ASMTEC 11-Feb-22 Interim Dividend – Rs. – 2.50 SHANTIGEAR 14-Feb-22 Interim Dividend – Rs. – 2.50
BALRAMCHIN 11-Feb-22 Interim Dividend – Rs. – 2.50 AARTIIND 15-Feb-22 Interim Dividend – Rs. – 1.00
BLS 11-Feb-22 Interim Dividend – Rs. – 1.00 AKCAPIT 15-Feb-22 Interim Dividend – Rs. – 5.00
GOTHIPL 11-Feb-22 Interim Dividend – Rs. – 1.00 BHATIA 15-Feb-22 Stock  Split From Rs.10/- to Rs.1/-
NOUVEAU 11-Feb-22 E.G.M. DALMIASUG 15-Feb-22 Interim Dividend – Rs. – 3.00
SONACOMS 11-Feb-22 Interim Dividend – Rs. – 0.7700 DANUBE 15-Feb-22 Stock  Split From Rs.10/- to Rs.2/-
COROMANDEL 14-Feb-22 Interim Dividend – Rs. – 6.00 IOLCP 15-Feb-22 Interim Dividend – Rs. – 4.00
DATAINFRA 14-Feb-22 Income Distribution (InvIT) MAPMYINDIA 15-Feb-22 Interim Dividend – Rs. – 2.00
ITC 14-Feb-22 Interim Dividend – Rs. – 5.2500 MINDACORP 15-Feb-22 Interim Dividend – Rs. – 0.30
PIIND 14-Feb-22 Interim Dividend – Rs. – 3.00 MINDSPACE 15-Feb-22 Income Distribution RITES
PRECWIRE 14-Feb-22 Interim Dividend – Rs. – 0.4500 RECLTD 15-Feb-22 Interim Dividend – Rs. – 6.00
PREMCO 14-Feb-22 Interim Dividend – Rs. – 5.00 SUVENPHAR 15-Feb-22 Interim Dividend – Rs. – 1.00

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