Morning-Outlook-Feature-Image
Outlook-13-10-2021

NIFTY:

The Nifty opened at 17915.80 with a gap down of just 20 points. The index shows some strength by moving higher by almost 100 points but that rally fizzled out quickly. Prices have seen a decline of 130 points and recorded its intraday low at 17864.95 just before the afternoon. The index found support there and then started moving on the downside. The index witnessed a sharp upside move of almost 150 points went above the 18000 marks and recorded its intraday high at 18008.65. The index finally closed at 17991.95 with a gain of 46 points. Media, FMCG and Metal have outperformed and closed higher by more than 1%.

Nifty traded very volatile and ended with some gains almost at the top of the day. Prices have seen a sharp decline in the first half and then an almost equal rally in the second half. The index continued closing within a strong resistance around 18000 for the third consecutive day.

A narrow trading range of about 200 points is now visible on the chart. Boundaries for this range are 17840-18040. We should take a trade in the direction of a breakout. Traders should buy above 18040, keep a stop at 17950 and a target of 18250.

BANK NIFTY:

Bank Nifty opened at 38178.35 with a gap down of 112 points. The index recorded  its intraday low at 38144.60 within the first five minutes of trading and then went into consolidation. The range broke on the upside in the afternoon and prices rallied to record its intraday high 38609.60. PSU Banks have significantly outperformed and closed higher with a gain of 3.08%. Private Banks have ended higher but with a marginal gain. Within the index, SBIN contributed highest while ICICI Bank the lowest.

It was again a trend day on the upside. The index recorded lifetime new highs and remained above 38000. We have mentioned a resistance around 38500.

 

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
VEDL 312.1 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 307 and for the target 320
DLF 429 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 423 and for the target 438

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HAVELLS 1440 CE BUY 49 CMP 42 60 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BATAINDIA.21.10 Oct 2098.75 6.37 23.88 2185700 DALBHARAT.21.10 Oct 2078 -0.47 25.54 432500
NAM-INDIA.21.10 Oct 447.3 0.87 20.01 3281600 HCLTECH.21.10 Oct 1249.3 -3.94 17.11 22052100
CROMPTON.21.10 Oct 484.1 0.38 18.86 1580700 INFY.21.10 Oct 1677.2 -0.52 12.39 46230000
ABFRL.21.10 Oct 273.3 4.02 17.17 10982400 ZEEL.21.10 Oct 306.55 -0.45 12.14 62841000
UBL.21.10 Oct 1723.3 1.47 14.37 1570800 TCS.21.10 Oct 3664.5 -0.84 9.96 11556900
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
FINNIFTYW.21.10 Oct 18759 2.85 -33.33 80 JKCEMENT.21.10 Oct 3425.7 -0.91 -6.74 70175
BHEL.21.10 Oct 71.05 6.2 -7.67 115846500 IDEA.21.10 Oct 10.7 -1.83 -3.09 876400000
GODREJPROP.21.10 Oct 2436.2 2.52 -5.01 2230800 PERSISTENT.21.10 Oct 3908.95 -1.16 -1.72 316800
TATAMOTORS.21.10 Oct 421.7 0.98 -4.92 98045700 APOLLOTYRE.21.10 Oct 240.15 -0.48 -1.29 14550000
IRCTC.21.10 Oct 4831 0.82 -4.08 2259725 DEEPAKNTR.21.10 Oct 2862 -0.45 -1.18 2554000

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Canara Bank 188 6.43 40094635 971342 75.12 Nifty Fmcg 40892.6 1.43 69195
Bata India Ltd. 2095.4 6.41 946728 1176306 74.45 Nifty Media 2315.35 1.29 69195
Bharat Heavy Elect Ltd. 70.8 6.07 1.88E+08 635842 71.27 Nifty Metal 5832.1 1.14 69195
Titan Company Limited 2498 5.74 3338787 3179251 68.75 Nifty Auto 11479.65 0.92 69195
Jublfood 4284.7 5.43 2535625 4202348 68.62 Nifty Realty 533.45 0.67 69195
National Alum Co Ltd 101.3 5.14 28691633 56341 64.58 Nifty Energy 24312.35 0.62 69195
Vedanta Limited 312.1 4.82 20065786 2298470 63.44 Nifty Bank 38509.25 0.56 69195
Delta Corp Limited 285.1 4.7 36595258 1085176 63.11 Nifty 50 18000.9 0.31 69195
Aditya Birla Fashion And 272.55 3.79 9261255 1219112 62.91 Nifty Pharma 14648.5 0.23 69195
Srf Ltd. 12491.8 3.72 619452 2081847 62.69 Nifty it 34898.1 -0.8 69195

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: WPI Inflation (YoY) (Sept) on 14th October, 2021.

INR: Trade Balance (Sep) on 15th October, 2021

•USD: Core CPI (MoM) (Sep) on 13th October, 2021.

•USD: PPI (MoM) (Sep) on 14th October, 2021.

NEWS UPDATES

•Sensex, Nifty closed higher for the fourth consecutive session after fluctuating between gains and losses, for the most part of the session. Both S&P BSE Sensex and NSE Nifty 50 closed at record, aided by gains in consumer durables, auto and metal stocks.

•The Indian rupee fell to a 15-month low on Tuesday, sliding past important support levels. The currency extended a bout of weakness to fall to a low of 75.65 against the U.S. dollar in afternoon trade, down 0.35% for the day. It recovered to close at 75.51. The rupee has now weakened 2.77% over the past one month. It is the second worst performer in Asia after the Japanese Yen..

•KPMG expects digital companies in India to raise about $10 billion through IPO in the next six months, as investors continue to pump money into the country’s technology sector

•PM Narendra Modi to launch seven new PSUs this week, Defence Ministry approves Rs 65,000-crore orders.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADSL General 13-Oct-21 PARLEIND General 13-Oct-21
ADVIKLA Quarterly Results 13-Oct-21 PLASTIBLEN Quarterly Results 13-Oct-21
BIRLAMONEY Quarterly Results 13-Oct-21 PREMIERPOL General 13-Oct-21
DISHTV General 13-Oct-21 PRIMESECU Preferential Issue of shares;Issue Of Warrants 13-Oct-21
INEOSSTYRO Interim Dividend 13-Oct-21 RPEL Quarterly Results;Interim Dividend 13-Oct-21
INFY Audited Results 13-Oct-21 SCBL Quarterly Results 13-Oct-21
MAITRI Preferential Issue of shares 13-Oct-21 SDC Audited Results 13-Oct-21
MINDTREE Quarterly Results;Interim Dividend 13-Oct-21 SEL Quarterly Results 13-Oct-21
MORARKFI Quarterly Results 13-Oct-21 STRATMONT Quarterly Results 13-Oct-21
NATIONSTD Quarterly Results 13-Oct-21 SUCROSA General 13-Oct-21
OCTAVE Quarterly Results 13-Oct-21 UNISON Bonus issue 13-Oct-21
ONELIFECAP General 13-Oct-21 WIPRO Quarterly Results;Audited Results 13-Oct-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
 MANINFRA 13-Oct-21 Interim Dividend – Rs. – 1.26 LANCER 13-Oct-21 Bonus issue 2:1
ADVITIYA 13-Oct-21 Bonus issue 44100 SRF 13-Oct-21 Bonus issue 4:1
BNRSEC 13-Oct-21 E.G.M. NORBTEAEXP 14-Oct-21 E.G.M.
DHANVARSHA 13-Oct-21 Stock  Split From Rs.10/- to Rs.2/- SEVENHILL 14-Oct-21 Stock  Split From Rs.10/- to Rs.1/-
INFRATRUST 13-Oct-21 Income Distribution (InvIT) SWORDEDGE 14-Oct-21 Stock  Split From Rs.10/- to Rs.1/-
JTLINFRA 13-Oct-21 Stock  Split From Rs.10/- to Rs.2/- TCS 14-Oct-21 Interim Dividend – Rs. – 7

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