Morning-Outlook-Feature-Image

Morning-Outlook-13april

NIFTY:

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:

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.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
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.

DERIVATIVE PICKS

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
SYNGENE.Apr 28 648 -2.8 -5.12 1227400

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
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

   Domestic                                                                                                                                                  International
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

NEWS UPDATES

  • 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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ANKITMETAL General 13-Apr-22 ADCON General 14-Apr-22
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
INDITALIA General 13-Apr-22 DARSHANORNA Audited Results 14-Apr-22
INFY Audited Results 13-Apr-22 FIRSTFIN General 14-Apr-22
KAPASHI Issue Of Warrants;General 13-Apr-22 JAIMATAG Audited Results 14-Apr-22
LESHAIND Audited Results 13-Apr-22 MAHAVIRIND General 14-Apr-22
MANGIND General 13-Apr-22 NATIONSTD 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
WORTH General 13-Apr-22 SKRABUL Audited Results 14-Apr-22
AASTAFIN General 14-Apr-22 TRIVENIENT General 14-Apr-22

CORPORATE ACTION

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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