Nifty opened at 17584.85 with a gap down of 90 points. The index continued its bearish movement, moved further on the downside towards 17450, and then moved up. The rally fizzled out quickly and prices have moved in a sideways manner .The index recorded its intraday low at 17442.35 and bounced up from there. A sharp rally of more than 150 points took place within the one hour of trading, recorded its intraday high at 17595.30, and finally closed at 17530.30 with a loss of 144.65 points or 0.82% down. All the sectoral indices have closed lower today except the BANK which ended wit h 0.31% gains. OILGAS, METAL, and REALTY sectors have underperformed today and ended with a loss of more than 2%.
Volatility It was a volatile day today where a gap-down opening remained intact and NIFTY has closed wit h loss. A trading range inside 17600 – 17850 is broken on the downside. This suggests the short-term trend is sideways now. However he bias is more on the bearish side as far as NIFTY is moving below 17600. This level should now act as a resistance level. Buying opportunities will emerge when NIFTY either closes above 17800 or moves towards the 17000 – 17200 zone and finds support there. AS of now stay short with suggested stop and target.
Bank Nifty opened at 37407.40 with a gap down of 238 points. The index recorded its intraday low at 37264.45 within the first 30 minutes of trading and then started moving on the upside. Prices have recorded its intraday high at 379920.60 and then saw a minor correctionn.The index finally closed at 37747.85 with a gain of 102 points.PSU BANKS have underperformed today, saw a sharp intraday decline and ended with loss of 1.26%.PVT BANKS have outperformed today and closed with a gain of 0.41%.Within the index, in terms of points, AXIS BANK contributed the highest while SBIN contributed the lowest. The index We should take a trade in the direction of a breakout. Buy above 38000 or sell short below 37300. Keep a stop of 300 points and a target of 1100 points.
|HDFC||2425||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 2400 and for the target of 2480.|
|LTTS||4592||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 4585 with a stop loss of 4620 and target of 4400.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|M&M||880 CE||BUY||10||CMP||5||20||OI Increase
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|HDFC.Apr 28||2437.45||0.04||5.03||22077600||BSOFT.Apr 28||464.7||-6.67||10.93||6636500|
|AUBANK.Apr 28||1401.65||0.14||6.26||2165500||HINDALCO.Apr 28||545.25||-5.51||9.87||26309550|
|DABUR.Apr 28||555.45||0.23||1.28||11983750||COALINDIA.Apr 28||186.8||-5.35||6.1||39442200|
|TORNTPHARM.Apr 28||2807.75||0.24||1.8||764750||GODREJPROP.Apr 28||1618.05||-4.58||1.47||4166175|
|SBILIFE.Apr 28||1149.5||0.25||2.27||8192250||LTTS.Apr 28||4610||-4.29||7.7||858400|
|Short Covering||Long Unwinding|
|NESTLEIND.Apr 28||18357.25||0.01||-0.95||284225||ESCORTS.Apr 28||1544.9||-4.03||-2.89||4632650|
|FINNIFTY.Apr 26||17600||0.01||-40||1800||CHAMBLFERT.Apr 28||460.5||-3.79||-7.63||2760000|
|RBLBANK.Apr 28||132.15||0.3||-4.23||47516500||GRASIM.Apr 28||1759.2||-3.53||-0.85||10526000|
|KOTAKBANK.Apr 28||1807.3||1.16||-0.14||17588800||RAIN.Apr 28||186.4||-3.02||-0.53||6540000|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Honeywell Auto India Ltd||39777.55||-1.4||2209||0||75.26||Nifty50||17530.3||-0.82||78285|
|Indus Towers Limited||217||-0.69||2072519||0||71.55||Niftybank||37747.4||0.36||78285|
|Bharti Airtel Limited||741.65||-2.16||3904026||0||71.25||Nifty it||34379.5||-1.48||78285|
|Petronet Lng Limited||202.8||-0.05||1576555||0||70.98||India Vix||18.16||-0.62||78285|
|Ipca Laboratories Ltd.||1041.35||0.39||406540||0||69.86||Nifty Fmcg||37931.4||-0.8||78282|
|Colgate Palmolive (india||1541.95||-1.2||315688||0||68.9||Nifty Pharma||13744.65||-0.67||78282|
|Pidilite Industries Ltd||2375.7||-3||823170||0||68.49||Nifty Realty||466.6||-2.76||78282|
|Sbi Cards And Payment Se||844.95||-0.87||1774192||0||67.9||Nifty Auto||10788.8||-0.86||78282|
|Hdfc Bank Ltd.||1493.5||-0.18||13717701||0||66.95||Nifty Metal||6589.25||-2.74||78282|
|Hdfc Ltd.||2425.7||0.04||5390147||0||66.84||Nifty Financial Services||17572.15||0.02||78282|
UPCOMING ECONOMIC DATA
|INR: WPI Inflation (YoY) (Mar) on 14th April, 2022
INR: FX Reserves, USD on 15th April, 2022
|•USD: Crude Oil Inventories on 13th April, 2022
•USD: PPI (MoM) (Mar) on 13th April, 2022
Tata Motors Group on Tuesday reported a 2 per cent year-on-year growth in global wholesales, including Jaguar land Rover (JLR), at 3,34,884 units in the March quarter of FY22. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q4 FY22 were at 1,22,147 units, higher by 12 per cent over the same quarter of the earlier fiscal, the company said in a statement.
India is planning to boost shipments to Russia by an additional $2 billion as the two nations work out a payment system in local currencies to continue bilateral trade amid sweeping international sanctions on Russia for invading Ukraine, people with the knowledge of the matter said.
Tata Steel on Tuesday completed the acquisition of entire stake held by SAIL (Steel Authority of India) in S&T Mining, according to an exchange filing. Now, S&T Mining will become a wholly owned subsidiary of the Company.
At a time when the Centre is exhorting public sector companies to frontload their capital expenditure to spur economic growth, Coal India Ltd (CIL), in a statement Tuesday said, it scaled up its capex to ₹14,834 crore for FY22, the highest so far.
The recently-announced merger between India’s second-largest bank, HDFC Bank, and its shareholder HDFC Ltd, may have long-term implications for India’s banking and non-bank financial institution (NBFI) sectors, Fitch Ratings said on Tuesday.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BALPHARMA||Preferential Issue of shares||13-Apr-22||AINFRA||Preferential Issue of shares||14-Apr-22|
|BLS||Bonus issue||13-Apr-22||ALOKTEXT||Audited Results||14-Apr-22|
|DEN||Audited Results||13-Apr-22||CEINSYSTECH||Employees Stock Option Plan;General||14-Apr-22|
|KAPASHI||Issue Of Warrants;General||13-Apr-22||JAIMATAG||Audited Results||14-Apr-22|
|RFSL||General;Voluntary Delisting of Shares||13-Apr-22||SEL||Audited Results||14-Apr-22|
|SAWABUSI||Bonus issue;In. in Auth. CapiStock Split||13-Apr-22||SHUKJEW||Audited Results||14-Apr-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|MAHINDCIE||13-Apr-22||Final Dividend – Rs. – 2.5000||HUHTAMAKI||20-Apr-22||Dividend – Rs. – 1.0000|
|DUCON||18-Apr-22||Bonus issue 1:10||SANDHAR||20-Apr-22||E.G.M.|
|INFRATRUST||18-Apr-22||Income Distribution (InvIT)||GAIL||21-Apr-22||Buy Back of Shares|
|VSL||18-Apr-22||Stock Split From Rs.10/- to Rs.2/-||NESTLEIND||21-Apr-22||Final Dividend – Rs. – 65.0000|
|DILIGENT||19-Apr-22||Stock Split From Rs.5/- to Rs.1/-||NESTLEIND||21-Apr-22||Interim Dividend – Rs. – 25.0000|
|IDFC||19-Apr-22||Interim Dividend – Rs. – 1.0000||VIPPYSP||22-Apr-22||E.G.M.|
|JUBLFOOD||19-Apr-22||Stock Split From Rs.10/- to Rs.2/-||MUTHOOTFIN||25-Apr-22||Interim Dividend|
|SCHAEFFLER||19-Apr-22||Dividend – Rs. – 16.0000||SAREGAMA||26-Apr-22||Stock Split From Rs.10/- to Rs.1/-|
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