Morning-Outlook-Feature-Image

morning-outlook-13may

NIFTY:

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:

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.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
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.

 

DERIVATIVE PICKS

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
Sectors Price Change % Quantity
Crompton Greaves Consume 345.85 -4.7 2308056 0 69.76 Nifty50 15808 -2.22 84783
Infosys Limited 1508.8 -1.18 7034979 0 66.9 Niftybank 33532.15 -3.35 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
Nestleind 16220 -1.77 71776 0 61.58 Nifty Fmcg 36221.75 -1.19 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

   Domestic                                                                                                                                                  International
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

NEWS UPDATES

  • 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

BOARD MEETINGS

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
JUBLINGREA General 13-May-22 YASHPAKKA General 13-May-22

CORPORATE ACTION

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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