Morning-Outlook-Feature-Image

Morning-outlook-12aprilNIFTY:

Nifty opened at 17740.90 with a gap down of 44 points. The index continued its bearish movement, moved down towards 17650, and found support there. Prices have bounced up, and kept on moving higher with minor dips in between and recorded its intraday high at 1779.05 and found strong resistance There A sharp decline from that high brought prices to its intraday low at 17650.95 and finally closed at 17674.95 with a loss of 109.40 points or 0.62%down.

OIL GAS,MEDIA, and REALTY sectors have outperformed today and ended with a gain of more than 1%.The IT sector underperformed today and ended with a loss of more than 1%. PHARMA and AUTO closed almost flat today. We are recommending the same trade for tomorrow as well. Look for a buying opportunity on a breakout above 17850.In case of a gap up above17850, 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.In case of a gap down below 17600, look to sell short below the first 15 minutes of low. Keep a stop of 110 points and a target of 240 points from your entry price.

BANK NIFTY:

Bank Nifty opened at 37591.75 wit h a gap down of 207 points. The index recorded its intraday low at 37524.45 within the first five minutes of trading and then started moving on the upside. Prices have recorded its intraday high at 37941.75 in the afternoon and moved down. The index came close to its early morning lows and finally closed at 37645.75 with a loss of 153 points. PSU and PVT BANKS both have performed almost same today, saw an intraday decline and ended wit h loss of 0.44% & 0.29% respectively. Within the index, in terms of points, ICIC IBANK contributed the highest while HDFC BANK contributed the lowest.

The index Since the short-term trend is up so the sharp move should come on the upside. However, a close below the support 37300 may resume the downside correction. As of now, we should look for buying only.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
ZEE 290 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 286 and for the target of  298.
PIDILITE 2449 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 2445 with a stop loss of 2480 and target  of 2380.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TCS 3700 CE BUY 92 CMP 75 125 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MGL.Apr 28 834.3 0.02 0.14 2949600 PERSISTENT.Apr 28 4537 -4.33 24.04 354450
BRITANNIA.Apr 28 3360.9 0.03 2.35 1460600 IDEA.Apr 28 10.85 -3.98 2.87 7E+08
LICHSGFIN.Apr 28 393.85 0.05 0.66 23850000 GNFC.Apr 28 853.95 -3.96 11.38 3231800
TCS.Apr 28 3704 0.06 6.34 11274600 LTTS.Apr 28 4817.45 -3.78 10.72 803400
RAMCOCEM.Apr 28 817.35 0.08 7.26 2874700 PIDILITIND.Apr 28 2449 -3.53 8.47 2854000
                                                                        Short Covering                                                                       Long Unwinding
ADANIENT.Apr 28 2183.2 0.02 -0.37 19050000 DEEPAKNTR.Apr 28 2296 -3.26 -0.51 1840750
AUBANK.Apr 28 1398.5 0.32 -0.44 2050000 NATIONALUM.Apr 28 124.55 -2.16 -0.07 86895500
M&MFIN.Apr 28 176.2 0.34 -1.36 35304000 MCX.Apr 28 1447.6 -1.99 -0.39 2301950
IPCALAB.Apr 28 1035 0.52 -2.52 731250 SBILIFE.Apr 28 1145.15 -1.79 -2.49 8059500
CANFINHOME.Apr 28 665.2 0.57 -0.08 3695250 BHARATFORG.Apr 28 740.65 -1.32 -0.92 5067750

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Marico Limited 519.55 0.34 1167454 0 83.44 Nifty50 17674.95 -0.62 79035
Max Financial Services l 795.7 -0.69 533932 0 77.12 Niftybank 37613.8 -0.37 79035
Ipca Laboratories Ltd. 1037.3 0.94 507718 0 74.17 Nifty it 34895.9 -1.41 79035
Tech Mahindra Limited 1449.2 0.03 3268704 0 72.56 India Vix 18.27 3.28 79035
City Union Bank Ltd. 141.6 1.11 860911 0 70.31 Nifty Fmcg 38236.25 -0.23 79032
Sbi Cards And Payment Se 852.35 -0.23 2276047 0 69.74 Nifty Pharma 13837.85 -0.01 79032
Hindustan Unilever Ltd 2163.05 -0.92 1380107 0 69.2 Nifty Realty 479.85 1.13 79032
Hcl Technologies Ltd. 1133.5 -2.73 5679058 0 69.13 Nifty Auto 10882.1 -0.11 79029
Indus Towers Limited 218.5 -0.57 5080486 0 68.95 Nifty Metal 6774.9 0.29 79029
Torrent Pharma Ltd. 2793.6 -0.29 132483 0 68.76 Nifty Financial Services 17567.8 -0.56 79038

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

  • Tata Motors is looking to ramp up the production of electric vehicles as demand continues to outpace the manufacturing activity by a huge margin, according to a top company official. The Mumbai-based automaker, which led the passenger electric vehicle space in the domestic market in last fiscal year, has been receiving an average of 5,500-6,000 bookings in the past two months for its EV range. The company sells three electric products — Nexon EV, Tigor EV and XPRES-T — in the domestic market. It has also recently unveiled a coupe style SUV which it plans to launch in the next two years.
  • Buoyed by the success of its recent film ‘The Kashmir Files’, India’s homegrown media company Zee Entertainment Enterprises (ZEE) has decided to go full throttle on its movie production business, housed under Zee Studios. The company, which released 23 films in the financial year ended March 31, is looking to more than double that to 48 in the current year and is eyeing revenues of Rs 2,000 – Rs 2,500 crore from the movie business alone, said chief financial officer Rohit Gupta.
  • Maruti Suzuki India (MSI) on Monday said it has commenced bookings for the all-new version of its multi purpose vehicle, XL6, from the Nexa retail channel. The model comes with next generation K-Series engine, advanced transmission, array of sophisticated comfort and convenience features, and bold styling, the auto major said in a statement.
  • India’s fuel demand rose 4.2% in March compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Monday. Consumption of fuel, a proxy for oil demand, totalled 19.41 million tonnes. Sales of gasoline, or petrol, were 6.2% higher from a year earlier at 2.91 million tonnes.
Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ANANDRATHI Audited Results;Final Dividend 12-Apr-22 DEN Audited Results 13-Apr-22
EVEXIA Audited Results;General 12-Apr-22 INDITALIA General 13-Apr-22
GAYATRIBI Audited Results 12-Apr-22 INFY Audited Results 13-Apr-22
GMBREW Audited Results;Final Dividend 12-Apr-22 KAPASHI Issue Of Warrants;General 13-Apr-22
HATHWAY Audited Results 12-Apr-22 LESHAIND Audited Results 13-Apr-22
JAYKAY Preferential Issue of shares 12-Apr-22 MANGIND General 13-Apr-22
SIMPLEXINF Preferential Issue of shares 12-Apr-22 RFSL General;Voluntary Delisting of Shares 13-Apr-22
SUPRAP General 12-Apr-22 SAWABUSI Bonus issue;In. in Auth. Capital;Stock  Split 13-Apr-22
TANVI Bonus issue;In.  in Authorised Capital 12-Apr-22 WORTH General 13-Apr-22
TINPLATE Audited Results;Dividend 12-Apr-22 ALOKTEXT Audited Results 14-Apr-22
ANKITMETAL General 13-Apr-22 JAIMATAG Audited Results 14-Apr-22
BALPHARMA Preferential Issue of shares 13-Apr-22 MAHAVIRIND General 14-Apr-22
BLS Bonus issue 13-Apr-22 NATIONSTD Audited Results 14-Apr-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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
SANOFI 12-Apr-22 Special Dividend – Rs. – 309.0000 JUBLFOOD 19-Apr-22 Stock  Split From Rs.10/- to Rs.2/-
WORL 12-Apr-22 Bonus issue 2:1 SCHAEFFLER 19-Apr-22 Dividend – Rs. – 16.0000
MAHINDCIE 13-Apr-22 Final Dividend – Rs. – 2.5000 HUHTAMAKI 20-Apr-22 Dividend – Rs. – 1.0000

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