Morning-Outlook-Feature-Image
Outlook-13-12-2021

NIFTY:

Today, the NIFTY opened at 17476.05 with a gap up of 40 points. The index initially went up and recorded its intraday high at 17534.35 within the first few minutes of trading and then started moving down. All the gains and the gap was filled quickly and prices have moved further on the downside to record its intraday low at 17405.25. Prices have consolidated there and then bounced up. The rally took prices almost to its early morning high and finally the index closed at 17511.30 near the day highs without much of a change when compared to yesterday’s closing price. MEDIA and REALTY were the biggest outperformers today and ended with a gain of more than 2% followed by the METAL that ended 0.57% higher. The rest of the sectoral indices have closed on a flat note.

If the index resumes its up move tomorrow and breaks above 17600 then we should take a long trade here. Keep a stop of 110 points and a target of 240 points from the entry point. In case of a gap up, apply the first 15 minutes rule. However, if prices find resistance around 17500 and start moving downwards then we should look for a shorting opportunity on a breakdown below 17300. Keep a stop of 110 points and a target of 240 points from the entry point.

BANK NIFTY:

BANK NIFTY opened at 37083.15 without much of a gap. The index first move down after recording its intraday high at 37153.25. Prices have recorded its intraday low at 36824.40 and then started a process of consolidation. The index broke on the upside and then rallied again. Prices have finally closed at 37104.50 with a gain of just 41 points. PSU BANKS have continued its outperformance and closed higher by 2.62%. PVT BANKS have underperformed today and ended on a flat note Within the index, in terms of points, IDFC FIRST BANK contributed the highest while KOTAK BANK contributed the lowest.

The index continued trading narrow and choppy and today traded in a very narrow range of just 329 points. Prices have recorded a pattern of NR7 that suggests a sharp move is about to come. Last three days have been sideways so we may see a directional move in the next week.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
COFORGE 5314 BUY The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought above  5330 with a stop loss of 5240 and for the target of 5440.
APLLTD 813 BUY The  immediate trend of the script is bullish. There is a positive  cross over of moving averages  as well as of the indicators therefore  it can be buy above 820 with a stop loss of 800 and target  of 840.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
GRASIM 1760CE BUY 42 CMP 30 70 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
AMBUJACEM.Dec 30 379.75 0.04 2.35 13003500 SBICARD.Dec 30 926.75 -3.54 27.42 5258500
BANKNIFTY.Dec 30 37246.3 0.05 1.92 2261575 FSL.Dec 30 175.65 -1.95 9.89 7974200
HINDALCO.Dec 30 457 0.07 0.28 28932550 PVR.Dec 30 1472.3 -1.6 6.36 2620266
IOC.Dec 30 120.5 0.08 2.16 41470000 NAUKRI.Dec 30 5675.45 -1.58 4.31 1222375
VOLTAS.Dec 30 1256.8 0.08 1.55 2123000 DIVISLAB.Dec 30 4530.8 -1.53 5.11 2449300
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SHREECEM.Dec 30 26469.5 0 -2.63 173375 WHIRLPOOL.Dec 30 1926.5 -1.36 -0.81 1100750
ACC.Dec 30 2325.3 0.02 -0.64 2049500 DALBHARAT.Dec 30 1896.45 -1.28 -2.36 559250
APLLTD.Dec 30 811.3 0.04 -5.02 1570250 MUTHOOTFIN.Dec 30 1498.3 -1.27 -0.18 3546000
HEROMOTOCO.Dec 30 2531.8 0.05 -0.54 4721700 INDIGO.Dec 30 2002.15 -1.05 -1.92 3430000
MARUTI.Dec 30 7440.2 0.05 -1.92 3211100 COROMANDEL.Dec 30 763.8 -0.99 -2.79 1308750

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2808.75 -1.17 3455657 2701770 76.62 Nifty 50 17511.3 -0.03 31735576
Petronet Lng Limited 228.6 0.33 776080 391955 75.72 Nifty Bank 37105.65 0.06 14971856
Colgate Palmolive (india 1438.35 -0.38 644945 474602 72.94 Nifty it 35939.6 -0.02 629292
Sbi Life Insurance Compa 1175.6 1.23 949040 642694 71.5 Nifty Auto 11080.05 0.19 50181023
Rec Limited 136.25 -0.37 9120258 5909572 69.34 Nifty Metal 5658.9 0.52 98329319
Hdfc Bank Ltd. 1522.55 -0.28 3889692 2503457 66.4 Nifty Fmcg 38189.55 -0.03 497207
City Union Bank Ltd. 149.95 2.71 2496171 1120586 66.15 India Vix 16.06 -3.25 3.39E+08
Sbi Cards And Payment Se 921.95 -3.54 7864424 4947155 63.68 Nifty Pharma 13446.1 -0.02 41274666
Siemens Ltd 2445.35 7.65 3375572 822150 62.15 Nifty Realty 519.4 2.31 1.08E+09
Hindustan Aeronautics Li 1305.1 0.98 707800 260229 62.09 Nifty Services Sector 24704.75 -0.15 22481167

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Nov) on 13th December, 2021

INR: WPI Inflation (YoY) (Nov) on 14th December, 2021

•USD: OPEC Monthly Report  on 13th December, 2021

•USD: PPI (MoM) (Nov) on 14th December, 2021

NEWS UPDATES

  • Lupin Limited has entered the diagnostics segment with the launch of Lupin Diagnostics in India, Lupin Diagnostics aims to provide diagnostics services to doctors, patients and consumers. The company has established a state-of the-art 45,000 sq. ft National Reference Laboratory in Navi Mumbai

  • Passenger vehicle wholesales in the country declined by 19 per cent in November as the semiconductor shortage continued to impact vehicle production and subsequent deliveries to dealer partners, auto industry body SIAM.

  • SpiceJet said that it is planning to introduce a drone delivery service to strategically expand its logistics platform. The said it will first target mid-mile drone deliveries while preparing for last-mile deliveries in the future

  • Korean major Hyundai, which has the second-largest market share in India’s passenger vehicle market, will invest around Rs 4,000 crore to launch six electric vehicles (EVs) by 2028. The of the six vehicles will come in 2022. Of the six, around three will be developed on Hyundai’s global electric vehicle platform E-GMP while the other three are likely to be on South modified platforms in India

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
CMMHOSP General 13-Dec-21 KALPACOMME General 15-Dec-21
DANUBE Stock  Split 13-Dec-21 MAHALXSE General 15-Dec-21
GRNLAMIND Stock  Split 13-Dec-21 ODYCORP General 15-Dec-21
JINDALPHOT Voluntary Delisting of Shares 13-Dec-21 PITHP General 15-Dec-21
MAHACORP General 13-Dec-21 POWERGRID Interim Dividend; General 15-Dec-21
SWORDEDGE Bonus issue 13-Dec-21 QUANTDIA Increase in Authorised Capital; General 15-Dec-21
BHAGCHEM Right Issue of Equity Shares 14-Dec-21 TATIAGLOB General 15-Dec-21
BIGBLOC General 14-Dec-21 AMARSEC General 15-Dec-21
CANFINHOME Interim Dividend;General 14-Dec-21 BLUECLOUDS Issue Of Warrants; General 15-Dec-21
ENERGYDEV General 14-Dec-21 BURGERKING General 15-Dec-21
ORCHASP General 14-Dec-21 CRESSAN General 15-Dec-21
STRLGUA General 14-Dec-21 DUGARHOU General 15-Dec-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
NIHARINF 13-Dec-21 E.G.M. BNRSEC 16-Dec-21 Right Issue of Equity Shares
HINDZINC 14-Dec-21 Interim Dividend – Rs. – 18.0000 CHEVIOT 16-Dec-21 Buy Back of Shares
NMDC 14-Dec-21 Interim Dividend – Rs. – 9.0100 EARUM 16-Dec-21 Stock  Split From Rs.10/- to Rs.2/-
TTKPRESTIG 14-Dec-21 Stock  Split From Rs.10/- to Rs.1/- KKCL 16-Dec-21 Bonus issue 4:1
RAJESHEXPO 15-Dec-21 Dividend – Rs. – 1.0000 MPSLTD 16-Dec-21 Buy Back of Shares

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