Morning-Outlook-Feature-Image
Outlook

NIFTY:

NIFTY opened at 17451 with a big gap down of 154 points. The index recorded its intraday high 17454.75 a few ticks above the opening price and continued its downside momentum. A sharp decline of 150 points brought prices to its intraday low at 17303.The index finds support there and then started moving on the upside and came close to its morning highs. The rally faces resistance and prices again moved down towards the end of today’s trading session and finally closed at 17374.75 with a loss of 231.10 points or 1.31% down. All the sectoral indices have closed with a loss today led by the IT sector that ended 2.72% down. BANK, FINANCIAL, and REALTY closed with  a loss of more than 1%.

Strong support is visible around 17000 and resistance is visible around 17800 which is also the recent swing high. We may see a process of consolidating within these boundaries for a few more trading days. The short-term trend is up and it will be up as long as the index is trading above 17300. intraday traders should look for buy on dips and intraday consolidation breakouts.

BANK NIFTY:

BANK NIFTY opened at 38567.65 with a big gap down of 367 points. Prices first moved up but the rally fizzled out quickly and started drift in. downwards. Soon the decline finds support and prices again moved up. These ups and downs continued for the whole day and prices have recorded its intraday high at 38790.25 while intraday low at 38396.40 and finally closed at 38426.60 with a loss of 518 points. PSU and PVT BANKS both indices have seen sharp intraday decline today and closed lower by 2.01% & 1.01%respectively. Within the index, in terms of points, INDUSIND BANK contributed the highest while ICICI BANK contributed the lowest.

In last trading session, we have mentioned support around 37700 and resistance around 39400. These levels are holding so far and we may see few more days where prices remained inside this zone. A process of consolidation has started. Within this range, any dip towards 37700 should use as a buying opportunity.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
IGL 392 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 above 394 with a stop loss of 388 and for the target of 402.
NAUKRI 4595 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 sold below 4590 with a stop loss of 4650 and target  of 4430.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HCLTECH    1160 PE BUY 25 CMP 15 45 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NTPC.Feb 24 136.7 0.04 2.9 52063800 NAUKRI.Feb 24 4587.9 -6.43 18.3 1879125
MGL.Feb 24 788.85 0.21 3.13 4354200 INDIACEM.Feb 24 209.55 -6.16 9.23 12635300
BHARATFORG.Feb 24 731.85 0.22 0.32 5832750 COFORGE.Feb 24 4448.6 -5.9 18.07 741100
IGL.Feb 24 391.65 0.28 4.53 19384750 LTI.Feb 24 5995 -5.31 11.07 1041750
INDUSINDBK.Feb 24 977.75 0.49 4.47 26464500 METROPOLIS.Feb 24 2334.45 -5.21 12.76 618400
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IOC.Feb 24 122.1 1.41 -1.16 38824500 INTELLECT.Feb 24 684.45 -5.44 -0.6 374250
PETRONET.Feb 24 223.15 1.48 -5.29 17820000 APOLLOTYRE.Feb 24 219.7 -3.49 -2.15 12607500
AUROPHARMA.Feb 24 698.15 2.14 -0.59 13690500 CANBK.Feb 24 250.7 -3.32 -2.34 43297200
SRTRANSFIN.Feb 24 1230 -3.03 -0.24 2776400
BSOFT.Feb 24 451.4 -2.96 -1.05 4764500

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Pfizer Ltd. 4450.95 -1.5 18577 0 85.51 Nifty 50 17374.75 -1.31 79032
Max Financial Services l 861.05 -1.96 376602 0 85.48 Nifty Bank 38517.25 -1.27 79032
Tata Consultancy Serv Lt 3694.95 -2 3851488 0 71.6 Nifty it 34379.05 -2.72 79032
Hindustan Unilever Ltd 2258 -1.1 2100036 0 69.46 Nifty Auto 11552.9 -1.04 79035
Hdfc Ltd. 2426.35 -2.03 4062444 0 68.1 Nifty Metal 6023.8 -0.59 79035
Icici Lombard General In 1343.5 -0.06 837852 0 68.04 India Vix 18.68 5.48 79032
Hdfc Life Insurance Comp 595.35 -1.8 2557745 0 66.96 Nifty Media 2221.45 -1.36 79035
Mphasis Limited 3001.55 -3.49 589646 0 66.39 Nifty Fmcg 36671.65 -0.84 79032
Gail (india) Limited 140.65 -0.67 7733105 0 66.28 Nifty Realty 461.85 -1.98 79035
Nestleind 17815.2 -1.79 95980 0 65.68 Nifty Pharma 13510.3 -0.75 79032
Infosys Limited 1721.35 -2.73 7551371 0 65.31 Nifty Financial Services 17803 -1.47 79035

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Jan) on 14th February, 2022

INR: WPI Inflation (YoY) (Jan) on 14th February, 2022

•USD: PPI (MoM) (Jan) on 15th February 2022

•USD: Core Retail Sales (MoM) (Jan)  on 16th February 2022

NEWS UPDATES

  • India’s factory output rose at its slowest pace since February, led by a decline in manufacturing. The Index of Industrial Production rose 0.4% in December 2021 compared to an increase of 1.3% in November, as per revised estimates, the data published by the Ministry of Statistics and Programme Implementation showed. Month-on-month, the index rose 7.5% after a decline of 4.5% in November.
  • India Cements saw a 76 per cent dip in consolidated net profit during the third quarter of the financial year 2021-22 to Rs 16 crore, as compared to Rs 68 crore during the same period last fiscal due to the impact of Covid and the heavy rains in South India on the sector The company’s revenue from operations too saw a marginal dip of 2 per cent during the quarter to Rs 1,160 crore, as compared to Rs 1,185 crore during the Q3 of 2020-21.
  • Akzo Nobel India Ltd on Friday reported a 4.06 per cent decline in its consolidated net profit to Rs 83.82 crore for the third quarter ended December 2021, dragged by inflationary headwinds in raw material inputs. The company had posted a net profit of Rs 87.37 crore during the October-December period a year ago, Akzo Nobel said in a regulatory filing.
  • Twenty applicants have been approved under the “Champion OEM Incentive Scheme” of the Production Linked Incentive (PLI) Scheme. Automobile and Auto major four-wheeler manufacturers like Hyundai, Suzuki, Kia, Mahindra, Ford, Tata Motors and top two-wheeler makers like Bajaj, Hero, TVS. New entrants like Hop Electric Manufacturing Private Limited, Ola Electric Technologies Private Limited have also been selected under new non-automotive investor.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ABANSENT Quarterly Results 14-Feb-22 FRETAIL Quarterly Results 14-Feb-22
ADANIENT Quarterly Results 14-Feb-22 GALLANTT Quarterly Results 14-Feb-22
AJANTSOY Quarterly Results 14-Feb-22 GALLISPAT Quarterly Results 14-Feb-22
ALICON Quarterly Results 14-Feb-22 GAYAPROJ Quarterly Results 14-Feb-22
APEX Quarterly Results 14-Feb-22 GBFL General;Quarterly Results 14-Feb-22
ASTRAMICRO Quarterly Results 14-Feb-22 GDL Quarterly Results 14-Feb-22
ASTRON Quarterly Results 14-Feb-22 GENUSPAPER Quarterly Results 14-Feb-22
BALKRISIND Interim Dividend;Quarterly Results 14-Feb-22 GODAVARI Quarterly Results 14-Feb-22
BBTC Quarterly Results 14-Feb-22 GRAPHITE Quarterly Results 14-Feb-22
BDL Interim Dividend;Quarterly Results 14-Feb-22 GRASIM Quarterly Results 14-Feb-22
BGRENERGY Quarterly Results 14-Feb-22 GREENPLY Quarterly Results 14-Feb-22
BIL Quarterly Results 14-Feb-22 GTLINFRA Quarterly Results 14-Feb-22
CAPACITE Quarterly Results 14-Feb-22 HIKAL Interim Dividend;General;Quarterly Results 14-Feb-22
CENTUM Quarterly Results 14-Feb-22 IL&FSENGG Quarterly Results 14-Feb-22
COALINDIA Interim Dividend;Quarterly Results 14-Feb-22 INDSWFTLTD General;Quarterly Results 14-Feb-22
COFFEEDAY Quarterly Results 14-Feb-22 IPCALAB Quarterly Results 14-Feb-22
CUPID General;Quarterly Results 14-Feb-22 IRCON Interim Dividend;Quarterly Results 14-Feb-22
DCMSRMIND Interim Dividend;Quarterly Results 14-Feb-22 JBCHEPHARM Interim Dividend;Quarterly Results 14-Feb-22
DHANI Quarterly Results 14-Feb-22 JINDALPOLY Quarterly Results 14-Feb-22
DISHTV Quarterly Results 14-Feb-22 KHADIM Quarterly Results 14-Feb-22
EICHERMOT Quarterly Results 14-Feb-22 KNRCON Quarterly Results 14-Feb-22
EQUITAS Quarterly Results 14-Feb-22 KOTHARIPRO Quarterly Results 14-Feb-22
FAZE3AUTO Quarterly Results 14-Feb-22 KSE Quarterly Results 14-Feb-22
FEL Quarterly Results 14-Feb-22 LAHOTIOV Quarterly Results 14-Feb-22
FERMENTA Quarterly Results 14-Feb-22 LAKSHMIMIL Quarterly Results 14-Feb-22
FIEMIND Quarterly Results 14-Feb-22 LIBERTSHOE Quarterly Results 14-Feb-22
FLEXITUFF Quarterly Results 14-Feb-22 MAFATIND Quarterly Results 14-Feb-22
Company Name Purpose Ex-Date Company Name Purpose Ex-Date
MANAKSIA Quarterly Results 14-Feb-22 RESPONIND Quarterly Results 14-Feb-22
MANAPPURAM Interim Dividend;General;Results 14-Feb-22 ROSSARI Quarterly Results 14-Feb-22
MAWANASUG Quarterly Results 14-Feb-22 SADBHAV General;Quarterly Results 14-Feb-22
MCLEODRUSS Quarterly Results 14-Feb-22 SAKUMA Quarterly Results 14-Feb-22
MTNL Quarterly Results 14-Feb-22 SIMPLEXINF Quarterly Results 14-Feb-22
MUNJALAU General;Quarterly Results 14-Feb-22 SOTL Quarterly Results 14-Feb-22
NAGARFERT Quarterly Results 14-Feb-22 SPANDANA Preferential Issue of shares;Results 14-Feb-22
NATCOPHARM Interim Dividend;Quarterly Results 14-Feb-22 SPICEJET Quarterly Results 14-Feb-22
NBCC Quarterly Results 14-Feb-22 SPMLINFRA Quarterly Results 14-Feb-22
NECLIFE General;Quarterly Results 14-Feb-22 SRHHYPOLTD Quarterly Results 14-Feb-22
NFL Quarterly Results 14-Feb-22 SURYAROSNI Quarterly Results 14-Feb-22
NLCINDIA Quarterly Results 14-Feb-22 SVPGLOB Quarterly Results 14-Feb-22
NRBBEARING Quarterly Results 14-Feb-22 SWARNSAR Quarterly Results 14-Feb-22
ORIENTPPR General;Quarterly Results 14-Feb-22 SWSOLAR Quarterly Results 14-Feb-22
PANACEABIO Quarterly Results 14-Feb-22 TARC Quarterly Results 14-Feb-22
PCJEWELLER Quarterly Results 14-Feb-22 TECHNOE Quarterly Results 14-Feb-22
PFOCUS Quarterly Results 14-Feb-22 TIDEWATER Interim Dividend;Quarterly Results 14-Feb-22
PGEL Quarterly Results 14-Feb-22 TIIL Quarterly Results 14-Feb-22
PGIL Quarterly Results 14-Feb-22 V2RETAIL Quarterly Results 14-Feb-22
POLYPLEX Interim Dividend;Quarterly Results 14-Feb-22 VARROC Quarterly Results 14-Feb-22
PTC Quarterly Results 14-Feb-22 VERITAS Quarterly Results 14-Feb-22
PTCIL Quarterly Results 14-Feb-22 VIJSOLX Quarterly Results 14-Feb-22
RAILTEL Quarterly Results 14-Feb-22 VISASTEEL Quarterly Results 14-Feb-22
RAJESHEXPO Quarterly Results 14-Feb-22 VISHNU Quarterly Results 14-Feb-22
RAMASTEEL Interim Dividend;Quarterly Results 14-Feb-22 VSTTILLERS Quarterly Results 14-Feb-22
RATHIBAR Quarterly Results 14-Feb-22 WIMPLAST Quarterly Results 14-Feb-22
REPCOHOME Quarterly Results 14-Feb-22 ZUARIGLOB Quarterly Results 14-Feb-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
COROMANDEL 14-Feb-22 Interim Dividend – Rs. – 6.0000 IOLCP 15-Feb-22 Interim Dividend – Rs. – 4.0000
DATAINFRA 14-Feb-22 Income Distribution (InvIT) MAPMYINDIA 15-Feb-22 Interim Dividend – Rs. – 2.0000
ITC 14-Feb-22 Interim Dividend – Rs. – 5.2500 MINDACORP 15-Feb-22 Interim Dividend – Rs. – 0.3000
PIIND 14-Feb-22 Interim Dividend – Rs. – 3.0000 MINDSPACE 15-Feb-22 Income Distribution RITES
PRECWIRE 14-Feb-22 Interim Dividend – Rs. – 0.4500 RECLTD 15-Feb-22 Interim Dividend – Rs. – 6.0000
PREMCO 14-Feb-22 Interim Dividend – Rs. – 5.0000 SUVENPHAR 15-Feb-22 Interim Dividend – Rs. – 1.0000
QGO 14-Feb-22 Interim Dividend – Rs. – 0.1000 SUVENPHAR 15-Feb-22 Special Dividend – Rs. – 2.0000
SHANTIGEAR 14-Feb-22 Interim Dividend – Rs. – 2.5000 AVTNPL 16-Feb-22 Interim Dividend – Rs. – 0.4000
AARTIIND 15-Feb-22 Interim Dividend – Rs. – 1.0000 BCLENTERPR 16-Feb-22 E.G.M.
AKCAPIT 15-Feb-22 Interim Dividend – Rs. – 5.0000 ENGINERSIN 16-Feb-22 Interim Dividend – Rs. – 2.0000
BHATIA 15-Feb-22 Stock  Split From Rs.10/- to Rs.1/- MINDAIND 16-Feb-22 Interim Dividend – Rs. – 0.5000
DALMIASUG 15-Feb-22 Interim Dividend – Rs. – 3.0000 POWERGRID 16-Feb-22 Interim Dividend – Rs. – 5.5000
DANUBE 15-Feb-22 Stock  Split From Rs.10/- to Rs.2/- AEGISLOG 17-Feb-22 Interim Dividend – Rs. – 2.0000

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