Morning-Outlook-Feature-Image

   

NIFTY:

Nifty opened at 16283.95 with a big down of 277 points. The index was not showing any strength after the opening its continue leads to down momentum whole day. However, prices found support and then give a small pullback higher side. The index recorded its intraday high at 16324.70 in the afternoon and then found strong resistance there. Prices have then started drifting downwards and erasing all the gains. The gap was tiled and the index moved further down to record its intraday low at 16172.60. Prices have finally closed at 16201.80 with a loss of 276 points or1.68% down. NIFTY IT , OIL ,BANKING lead the bears today and closed with a loss of more than 1.5% respectively. There is no any sector or index who was in green all the sector and index were showing weakness.

Market trend remains sideways till 16000 holds. Price action as well as cycles for the Nifty point to lower levels. It appears that U.S. markets are not finding stability. World markets will remain shaky and chaotic, as they follow U.S. markets. Short term trend remains sideways to down with 16500 now becoming strong resistance.

BANK NIFTY:

Bank Nifty opened at 34686.95 with a big down up of 299 points. The index moved down from starting of the day and found support at 34350 and then gave small pullback to higher side. Index record its intraday high at 34752.45. Prices faces strong resistance there and started drifting downwards. A sharp decline brought the index to its intraday low at 34346.65 and prices finally closed at 34483.80 with a loss of 601 points. PVT BANKS  have underperformed today and closed lower by 2.24%.  index, in terms of points, SBI BANK contributed the highest while KOTAK BANK contributed the lowest. A Narrow Range day has been made today. Narrow range days are often followed by breakouts. Watch price action on Monday. Buying is possible above today’s high of 34,752.A short trade {intra day only) is possible below 34346.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
APOLLOHOSP 3700 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 3660 and for the target of  3780.
HINDALCO 385 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 385 with a stop loss of 388 and target of 380.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INFY 1460 PE BUY 28.55 CMP 20 50 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PAGEIND.22.06 Jun 41459.9 0.05 1.69 102090 IBULHSGFIN.22.06 Jun 111.9 -7.02 13.76 37274400
BATAINDIA.22.06 Jun 1739.95 0.05 4.61 1614800 FSL.22.06 Jun 105.8 -6.33 14.01 11887200
MARICO.22.06 Jun 494 0.12 1.05 10514000 APOLLOTYRE.22.06 Jun 197.5 -5.68 4.88 11665000
HEROMOTOCO.22Jun 2600.7 0.13 0.42 3620100 BAJFINANCE.22.06 Jun 5655.65 -4.96 12.31 5462250
GODREJCP.22.06 Jun 750.5 0.19 1.83 6845000 HINDALCO.22.06 Jun 386.4 -4.53 8.18 40886550
                                                                        Short Covering                                                                       Long Unwinding
UPL.22.06 Jun 734.9 0.11 -0.96 19249100 BIOCON.22.06 Jun 338.4 5.62 -1.69 13657400
GRANULES.22.06 Jun 273.95 0.11 -0.3 8264600 TATACOMM.22.06 Jun 941 4.32 -0.24 3516400
INDIGO.22.06 Jun 1808 0.23 -0.9 2993500 IEX.22.06 Jun 182.7 3.78 -3.5 41403750
PIDILITIND.22.06 Jun 2109.3 0.28 -0.91 3174750 JKCEMENT.22.06 Jun 2132 2.44 -6.62 407050
HDFCAMC.22.06 Jun 1873.25 0.3 -2.25 3922800 IGL.22.06 Jun 360.65 2.09 -2.66 11017875

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
City Union Bank Ltd. 136.9 -1.3 1490494 0 76.58 Nifty50 16201.8 -0.94 82134
Icici Lombard General In 1121.05 1.21 1109164 0 69 Niftybank 34483.8 -1.32 82134
Bharti Airtel Limited 673.35 1.52 3221484 0 68.38 Nifty it 29114.3 -1.21 82134
Ambuja Cements Ltd 365.15 0.58 3916129 0 67.96 India Vix 19.58 -1.31 82137
Muthootfin 1062.35 -1.12 762658 0 67.18 Nifty Fmcg 37428.7 0.47 82137
Power Grid Corporation o 224.45 -0.04 6764430 0 65.63 Nifty Pharma 12419.2 0.82 82137
Godrej Cons Products Ltd 749.95 0.25 1324588 0 63.28 Nifty Realty 400.45 -0.94 82137
Cipla Ltd 966.8 0.4 776457 0 62.84 Nifty Auto 11394 0.1 82137
Havells India Limited 1123.45 1.29 901223 0 62.21 Nifty Metal 5199.95 -2.77 82137
Nestleind 16774.9 0.31 44810 0 62.17 Nifty Financial Services 15847.3 -1.85 82137

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  Cumulative Industrial Production (Apr) on 13th June, 2022

INR:  CPI (YoY) (May) on 13th June, 2022

•USD:   PPI (MoM) (May) on 14th June, 2022

•USD:   OPEC Monthly Report  on 14th June, 2022

NEWS UPDATES

  • Indian state fuel retailers have agreed to provide monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs to boost biofuel production, according to a letter written by the companies to manufacturers. India, the world’s third biggest oil importer and consumer, has expedited efforts to double ethanol blending with gasoline to 20% from the current 10% across the country from 2025/26.
  • Amazon.com Inc. is planning to withdraw from a heated competition for the rights to stream Indian Premier League cricket matches, according to people familiar with the matter, ceding one of the world’s most popular sporting contests to rivals from Walt Disney Co. to Mukesh Ambani’s Reliance Industries Ltd. The rights had been estimated to fetch an unprecedented $7.7 billion (nearly Rs 60,000 crore).
  • Fitch Ratings revised its outlook on India’s long-term foreign currency Issuer Default Rating (IDR) to “Stable” from “Negative,” citing diminished downside risks to medium-term growth.
  • The basket of crude oil that India buys has hit a decade high of USD 121 per barrel, but retail selling prices of petrol and diesel continue to remain frozen. The Indian basket on June 9 touched USD 121.28, matching levels seen in February/March 2012, according to data available from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC).
Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ARIHANTINS Audited Results 13-Jun-22 RUSHIL General 13-Jun-22
AROMAENT Audited Results; Quarterly Results 13-Jun-22 SUJALA General 13-Jun-22
COMPUPN General 13-Jun-22 SYLPH A.G.M. 13-Jun-22
CORPOCO Quarterly Results 13-Jun-22 TCIDEVELOP Voluntary Delisting of Shares 13-Jun-22
CROMPTON General 13-Jun-22 BAJAJ-AUTO Buy Back of Shares 14-Jun-22
HARDWYN Bonus issue 13-Jun-22 ITDC Audited Results 14-Jun-22
INDAGIV Audited Results;General 13-Jun-22 MEL General 14-Jun-22
JYOTIRES General 13-Jun-22 NAGARFERT Audited Results 14-Jun-22
RAINBOWF Audited Results 13-Jun-22 PNBHOUSING General 14-Jun-22
RAJNISH Bonus issue;In. in Auth. Cap. ;Stock  Split 13-Jun-22 AMALGAM A.G.M.;General 15-Jun-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CERA 13-Jun-22 Final Dividend – Rs. – 20.0000 HIGHENE 15-Jun-22 Final Dividend – Rs. – 15.0000
CERA 13-Jun-22 Special Dividend – Rs. – 15.0000 HINDUNILVR 15-Jun-22 Final Dividend – Rs. – 19.0000
DARSHANORNA 13-Jun-22 Stock  Split From Rs.10/- to Rs.2/- KEC 15-Jun-22 Final Dividend – Rs. – 4.0000
RAJGLOWIR 13-Jun-22 Final Dividend – Rs. – 2.0000 KHAICHEM 15-Jun-22 Final Dividend – Rs. – 0.1500
AVONMORE 14-Jun-22 Buy Back of Shares NEWGEN 15-Jun-22 Dividend – Rs. – 4.5000
DCBBANK 14-Jun-22 Dividend – Rs. – 1.0000 SONATSOFTW 15-Jun-22 Final Dividend – Rs. – 13.0000
HAVELLS 14-Jun-22 Final Dividend – Rs. – 4.5000 TATACHEM 15-Jun-22 Final Dividend – Rs. – 12.5000
INDIANB 14-Jun-22 Final Dividend – Rs. – 6.5000 TATAELXSI 15-Jun-22 Final Dividend – Rs. – 42.5000
PUNJCOMMU 14-Jun-22 E.G.M. TATAPOWER 15-Jun-22 Final Dividend – Rs. – 1.7500
RSYSTEMINT 14-Jun-22 Interim Dividend – Rs. – 6.5000 TATASTEEL 15-Jun-22 Final Dividend – Rs. – 51.0000
CANBK 15-Jun-22 Dividend – Rs. – 6.5000 TINPLATE 15-Jun-22 Dividend – Rs. – 4.0000

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