Morning-Outlook-Feature-Images

Outlook-11-10-2021

NIFTY:

The Nifty opened at 17886.85 with a gap up of 96 points. The index continued the bullish momentum and rallied further on the upside to record its intraday high at 17491.85 a few ticks below the lifetime new highs. Prices then saw a sharp decline, came close to its early morning low, and then fell further to record its intraday low at 17840.35. The index bounced up again and rallied towards 17950. Prices have seen another decline in the last hour of trading and finally closed at 17895. Realty underperformed and ended with a loss of more than 2%. IT outperformed and ended with a gain of nearly 2%. Banks remained subdued and ended without much of a change.

The Nifty continued trading narrowly for the second consecutive day and closed with gains near 17900. The intraday movement was very volatile as prices have seen 100 points of move three times. The short term trend is now sideways and a narrow trading range is visible inside 17450-17950.

BANK NIFTY:

Bank Nifty opened at 37906.40 with a gap up of 150 points. The index first moved down and filled the gap, Prices then started moving up and recorded its intraday high at 38105.20. The index did not sustain there and stated drifting downwards to record its intraday low at 37755.65. Prices then consolidated till the end. Private and PSU Banks both have seen an upside move and closed high by 2.14% and0.73%. Within the index, Bandan Bank contributed highest while Kotak Bank the lowest.

A trading range inside 37000-38000 remained intact in the index. Prices have moved above 38000 but came back immediately within the range. Intraday movement was very volatile.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
BANK BARODA 88 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 86 and for the target 92
DABUR 607 SELL The stock has given a breakdown from a narrow trading range. The stock can be sold at CMP with a stop at 612 and for the target 598

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HCLTECH 1330 CE BUY 52.85 CMP 46 62 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PERSISTENT.21.10 Oct 4052.1 6.01 54.37 323250 OBEROIRLTY.21.10 Oct 921.95 -2.11 21.3 1498700
DIXON.21.10 Oct 5365.7 10 31.25 547625 HINDALCO.21.10 Oct 476 -0.74 11.19 28057500
INDIAMART.21.10 Oct 8884.95 6.14 31.19 230625 PEL.21.10 Oct 2745.6 -5.23 9.47 5047350
MRF.21.10 Oct 86135 5.5 30.44 64190 SUNTV.21.10 Oct 543 -0.39 9.04 14440500
IRCTC.21.10 Oct 4845.45 2.87 27.03 3268525 CONCOR.21.10 Oct 690 -1.2 8.44 7932225
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
TATAMOTORS.21.10 Oct 383.45 1.32 -5.52 100821600 JKCEMENT.21.10 Oct 3391.05 -0.97 -6.17 66500
COFORGE.21.10 Oct 5656.05 3.34 -4.09 717400 TVSMOTOR.21.10 Oct 560.3 -0.04 -3.18 7376600
MINDTREE.21.10 Oct 4455 4.3 -1.91 2671200 TITAN.21.10 Oct 2363.05 -0.66 -2.75 5298000
BHARTIARTL.21.10 Oct 695.1 0.06 -1.7 70915486 TRENT.21.10 Oct 1106.25 -0.57 -2.34 1728400
TATACHEM.21.10 Oct 968.35 0.57 -1.26 11724000 ASHOKLEY.21.10 Oct 135.5 -0.37 -1.59 43065000

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Grasim Ind Ltd. 1598.8 0.43 693600 2806396 87.61 Nifty it 36402 1.96 82035
Hindustan Unilever Ltd 2640.05 -1.1 1579941 815740 75.34 Nifty Media 2254.05 0.88 82035
Petronet Lng Limited 227.8 -1.13 4624502 4974060 75.16 Nifty 50 17895.2 0.59 82035
Dabur India Ltd. 607 -1.32 3407806 893403 72.72 Nifty Auto 11079.35 0.43 82035
Infosys Limited 1723.85 1.94 4738376 3855195 70.4 Nifty Energy 23902.3 0.41 82035
Hdfc Ltd. 2720.65 -0.23 1719442 1564729 69.61 Nifty Metal 5681.45 0.38 82035
Sbi Life Insurance Compa 1196.45 -1.53 1661548 1814571 67.86 Nifty Bank 37775.25 0.06 82035
Axis Bank Limited 781.95 0.62 4295686 4280170 64.63 Nifty Pharma 14514.8 -0.33 82035
Kotak Mahindra Bank Limi 1936.35 -0.82 1937834 1425190 64.14 Nifty Fmcg 39993.35 -0.58 82035
Ultratech Cement Limited 7335.75 -0.26 234324 373134 63.99 Nifty Realty 520.9 -2.21 82035

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Industrial Production YoY AUG on 12th October, 2021

INR: Inflation Rate YoY Sep on 12th October, 2021

•USD: Inflation Rate YoY Sep on 13th October, 2021

•USD: FOMC Minutes on 13th October, 2021

NEWS UPDATES

•The Centre will sell national carrier Air India to Tata Sons for Rs 18,000 crore, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said. This would put an end to the government’s prolonged attempt to sell and turnaround the airline. The sale would be at an enterprise value of Rs 18,000 crore, out of which Rs 15,300 crore would be the debt retained by the winning bidder. Tata Sons will pay Rs 2,700 crore in cash.

•K V Subramanian on Friday stepped down as Chief Economic Adviser after a 3-year tenure. He said he has decided to return to academia. He took over from Arvind Subramanian who had left due to personal reasons in June 2018. Subramanian holds a MBA and Doctor of Philosophy (PhD) in financial economics from University of Chicago Booth School of Business. His PhD was completed under the supervision of former RBI governor Raghuram Rajan.

•The National Company Law Tribunal (NCLT) on Friday gave Zee Entertainment Enterprises Ltd time till October 22 to file its reply to a plea by its minority shareholder Invesco, after appellate body NCLAT ordered the tribunal to give the media major reasonable opportunity to do the same. The Mumbai bench of NCLT, comprising Bhaskara Pantula Mohan and Narendra Kumar Bhola, directed Zee Entertainment Enterprises (ZEEL) to file its reply by October 22 for further consideration.

•Drug firm Zydus Cadila on Friday said it has received tentative nod from the US health regulator to market generic Adapalene and Benzoyl Peroxide gel used for treatment of acne in the American market.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ALKASEC General 11-Oct-21 RKFORGE Quarterly Results;Interim Dividend 11-Oct-21
DELTACORP Quarterly Results 11-Oct-21 SAREGAMA Quarterly Results 11-Oct-21
ESARIND General 11-Oct-21 SLSTLQ Quarterly Results 11-Oct-21
FERMENTA Amalgamation;Scheme of Arrang. 11-Oct-21 SOFCOM General 11-Oct-21
GCMCAPI General 11-Oct-21 TATAMETALI Quarterly Results;Audited Results 11-Oct-21
GCMCOMM General 11-Oct-21 TINPLATE Quarterly Results;Audited Results 11-Oct-21
HFCL Quarterly Results 11-Oct-21 BEPL Quarterly Results;Interim Dividend 12-Oct-21
INFRONICS General 11-Oct-21 BMBMUMG General 12-Oct-21
KRSNAA Quarterly Results 11-Oct-21 CANOPYFIN General 12-Oct-21
LESHAIND Quarterly Results 11-Oct-21 DRCSYSTEMS General;Quarterly Results 12-Oct-21
NCLRESE Bonus issue;Stock  Split 11-Oct-21 GARNETINT General 12-Oct-21
RELCAPITAL General 11-Oct-21 GMBREW Quarterly Results 12-Oct-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ASIANTILES 11-Oct-21 Final Dividend – Rs. – 0.50 INFRATRUST 13-Oct-21 Income Distribution (InvIT)
GENSOL 11-Oct-21 Bonus issue 1:3 JTLINFRA 13-Oct-21 Stock  Split From Rs.10/- to Rs.2/-
MANINFRA 13-Oct-21 Interim Dividend – Rs. – 1.2600 LANCER 13-Oct-21 Bonus issue 2:1
ADVITIYA 13-Oct-21 Bonus issue 44100 SRF 13-Oct-21 Bonus issue 4:1
BNRSEC 13-Oct-21 E.G.M. NORBTEAEXP 14-Oct-21 E.G.M.
DHANVARSHA 13-Oct-21 Stock  Split From Rs.10/- to Rs.2/- SEVENHILL 14-Oct-21 Stock  Split From Rs.10/- to Rs.1/-

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