Nifty opened at 16021.10 With a big gap down of 146 points. The index recorded its intraday high at 16041.95 a few ticks above the opening price and drifted downwards. A sharp decline of about 200 points came within the first 20 minutes of trading and then prices started a process of consolidation. We have seen some Wild swings with the sideways movement and that eventually broke down. Another decline of almost 150 points brought prices to its intraday low at 15735.75 and then prices have seen some recovery to finally closed at 15808 with a loss of 359.10 points or 2.22% down. All the sectoral indices have ended in red today. BANK, FINANCIAL, and METAL led the bears today and closed w it h a loss of more than 3% followed by AUTO and REALTY which ended more than 2% lower.
VOLATILITY is also very high as the INDIA V IX again rose today to reach around 25 levels. We should avoid trading the index and wait for this Volatility to subsidize first.
Bank Nifty opened at 34289. Open with a big gap p down of 427 points. The index recorded its intraday high at 34341.20 within the first few minutes of trading and moved down. Minor rallies were fizzled out quickly and prices kept on drifting downwards to record its intraday low at 33297.65 A minor recovery came in the last hour of trading and the index finally closed at 33559.55 with a loss of 1157 points. PSU BANKS has continued its underperformance for the past few trading days and ended 5.39% lower. VT BANKS has also seen a down move today a 1 closed with a loss of 3.50%. Within the index, in terms of points, HDFC BANK contributed the highest on the downside followed by the ICICIBANK.
In a volatile environment, trading almost always ends wit h a lot of whipsaws. So, it is best to avoid such an environment. Soon this volatility will cool off and we will get a trading opportunity in the index. Till then avoid trading the index.
|POLYCAB||2431||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 2410 and for the target of 2460.|
|TATAPOWER||219||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 219 with a stop loss of 224 and target of 212.
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|VEDL||300 CE||BUY||19||CMP||14||30||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|GSPL.May 26||264||0.04||11.92||2697900||PNB.May 26||28.85||-13.23||23.4||3.05E+08|
|NAM-INDIA.May 26||281.3||0.09||3.42||3195200||ADANIPORTS.May 26||718||-6.03||1.16||77902500|
|GAIL.May 26||151.1||0.1||2.92||38686200||FEDERALBNK.May 26||85.6||-5.88||5.48||70860000|
|WIPRO.May 26||475.45||0.18||0.04||36910400||INDUSINDBK.May 26||869.75||-5.86||6.43||26991900|
|ACC.May 26||2178||0.36||9.78||2545250||IDEA.May 26||8.2||-5.75||0.44||7.06E+08|
|Short Covering||Long Unwinding|
|BSOFT.May 26||364.5||0.04||-5.27||3087500||RAIN.May 26||146.8||-6.65||-0.81||7027500|
|EICHERMOT.May 26||2399.2||0.19||-1.47||3185000||RBLBANK.May 26||102.85||-5.34||-0.16||45602500|
|ATUL.May 26||8269.95||1||-1.85||179175||IEX.May 26||184.2||-4.16||-0.37||46188750|
|FSL.May 26||110.5||1.14||-0.08||12849200||GRANULES.May 26||236.35||-4.12||-0.41||10138550|
|IBULHSGFIN.May 26||122.2||10.04||-9.64||37634000||PERSISTENT.May 26||3710.7||-3.44||-2.53||409950|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Crompton Greaves Consume||345.85||-4.7||2308056||0||69.76||Nifty50||15808||-2.22||84783|
|Honeywell Auto India Ltd||37159.15||-3.48||3412||0||65.78||Nifty it||29756.85||-0.98||84783|
|Icici Lombard General In||1249.1||-2.75||528459||0||62.68||India Vix||24.27||6.45||84783|
|Sun Pharma Ltd||850||-0.56||2700591||0||61.5||Nifty Pharma||12424.45||-1.06||84783|
|Hdfc Ltd.||2150.45||-3.09||4361039||0||61.25||Nifty Realty||385.5||-2.14||84786|
|Sbi Life Insurance Compa||1060.6||-2.44||1457225||0||59.36||Nifty Auto||10164.35||-2.05||84786|
|Aarti Industries Ltd.||740.7||-0.74||1351911||0||58.73||Nifty Metal||5425.9||-3.7||84786|
|Mah & Mah Ltd.||865.25||-2.46||4908042||0||58.35||Nifty Financial Services||15487.5||-3.05||84786|
UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 13th May, 2022
INR: Trade Balance on 13th may, 2022
|•USD: Import Price Index (MoM) (Apr) on 13th May 2022
•USD: Export Price Index (MoM) (Apr)on 13th May, 2022
- Larsen & Toubro on Thursday reported 10% rise in consolidated net profit at Rs 3,621 crore for the quarter ending March 31, 2022. The company’s Board of Directors recommended a final dividend of Rs 22 per equity share for FY22. The consolidated revenue, at Rs 52,851 crore, registered a y-o-y growth of 10%. International sales during the quarter, at Rs 17,550 crore, constituted 33% of the total revenue.
- Tata Motors on Thursday reported narrowing of consolidated net loss (attributable to shareholders of the company) to Rs 1,033 crore for the quarter ending March 31, 2022. It reported consolidated net loss of Rs 7,605 crore in the year-ago period and Rs 1,516 crore in Decemeber quarter. Consolidated revenue declined 11% to Rs 78,439 crore as against Rs 88,628 crore in Q4FY21.
- NTPC has invited bids for raising term-loan of up to Rs 5,000 crore, which would be utilised for capital expenditure for ongoing or new electricity generation capacity addition projects. “Proceeds of the loan shall be utilised towards capital expenditure for ongoing/new capacity addition programme, including the takeover of projects, renewable energy projects, coal mining & washeries, renovation & modernisation program of various projects, refinancing of loans and general corporate purposes etc.
- American automaker Ford on Thursday said that it has withdrawn plans to manufacture electric vehicles in India. The company has also communicated to the government that it no longer intends to invest in the country under the Performance Linked Incentive (PLI) scheme.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ALKEM||Audited Results;Final Dividend||13-May-22||LINDEINDIA||Quarterly Results||13-May-22|
|ALPSINDUS||General||13-May-22||NAZARA||Audited Results;Bonus issue;General||13-May-22|
|AMBER||Audited Results;Quarterly Results||13-May-22||ONWARDTEC||Audited Results;Final Dividend||13-May-22|
|APLAPOLLO||Audited Results;Final Dividend||13-May-22||PATELENG||Employees Stock Option Plan||13-May-22|
|BALKRISIND||Audited Results;Final Dividend||13-May-22||RECLTD||Audited Results;Dividend||13-May-22|
|BANDHANBNK||Audited Results;Final Dividend||13-May-22||RELINFRA||Audited Results||13-May-22|
|BANKBARODA||Audited Results;Dividend||13-May-22||RPOWER||Audited Results||13-May-22|
|CARBORUNIV||Audited Results;Final Dividend||13-May-22||SBIN||Audited Results;Dividend||13-May-22|
|CESC||Audited Results||13-May-22||SHARDACROP||Audited Results;Final Dividend||13-May-22|
|DBCORP||Audited Results;Final Dividend||13-May-22||SSWL||Audited Results||13-May-22|
|EICHERMOT||Audited Results;Final Dividend||13-May-22||SVGLOBAL||Audited Results||13-May-22|
|EMAMILTD||Audited Results||13-May-22||TECHM||Audited Results;Dividend||13-May-22|
|ESCORTS||Dividend;General;Quarterly Results||13-May-22||TRITURBINE||Results;Buy Back of Shares;Final Dividend||13-May-22|
|FLUOROCHEM||Audited Results;Final Dividend||13-May-22||UCOBANK||Audited Results||13-May-22|
|HAL||Audited Results||13-May-22||UNIONBANK||Audited Results;Final Dividend||13-May-22|
|JKPAPER||Audited Results;Final Dividend||13-May-22||VAKRANGEE||Audited Results||13-May-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|AARNAV||13-May-22||Interim Dividend – Rs. – 0.5000||INDUSTOWER||13-May-22||Interim Dividend – Rs. – 11.0000|
|BBOX||13-May-22||Stock Split From Rs.10/- to Rs.2/-||OFSS||13-May-22||Interim Dividend – Rs. – 190.0000|
|BLS||13-May-22||Bonus issue 1:1||SADHNA||13-May-22||E.G.M.|
|DHAMPURSUG||13-May-22||Spin Off||SUVENPHAR||13-May-22||Interim Dividend – Rs. – 1.0000|
|DOLFIN||13-May-22||Bonus issue 1:3||SUVENPHAR||13-May-22||Special Dividend – Rs. – 1.0000|
|GMBREW||13-May-22||Final Dividend – Rs. – 5.0000||VISAGAR||13-May-22||E.G.M.|
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