Morning-Outlook-Feature-Image

Morning-outlook-14july

NIFTY:

NIFTY opened at 16128.20 with a gap up of 70 points. The index initially went into a consolidation that eventually broke on the downside after recording the intraday high at 16140.Prices have seen a down move, filled the gap, and then again went into a consolidation which again broke on the downside. This time prices have moved lower more than 100 points and then again went into consolidation. The index continued moving sideways till the closing and recorded its intraday low at 15950.15. Prices have finally closed at 15966.65 near its day low with a loss of 91.65 points or 0.57% down. OIL GAS underperformed today and ended with a loss of 1.32%. BANK and Financial also moved lower today and closed nearly 1% down. PHARMA outperformed today and ended with a gain of 1.38%.FMCG and METAL also moved higher today and closed nearly 1% up.

We are expecting the index should see a big move soon in either direction. So we should take a trade in the direct ion of a breakout. Tomorrow, we should look for a buying opportunity above 16150 or sell short below 15900.

BANK NIFTY:

Bank Nifty opened at35259.80 With a gap up of 205 points. The index did not hold higher levels and started drifting downwards after recording its intraday high at 35308.15. Prices have quickly filled the gap and fell further to record its intraday low at 34757.60. index moved sideways towards the end of today’s trading session and finally closed at 34818.90 with a loss of 236 points. PVT BANKS has continued its underperformance and closed lower by nearly 1.05%. PSU BANKS have ended with minor gains of just 0.07%. Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while HDFC BANK contributed the lowest.

Stay short with stop 35200 and a target at 34100. However, if prices started moving higher tomorrow then we should take a long trade on a breakout above 35450

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
BSOFT 346 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 342 and for the target of 355.
TCS 3038 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 3035 with a stop loss of 3060 and target of 2980.

 

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TITAN 2100 PE BUY 42.85 CMP 30 65 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
COALINDIA.22.07 Jul 194.1 0 1.37 33566400 INDUSINDBK.22.07 Jul 819.6 -3.23 21.98 20224800
ICICIPRULI.22.07 Jul 525.7 0.01 1.51 6648000 LALPATHLAB.22.07 Jul 2012.95 -3.08 7.17 1225750
CONCOR.22.07 Jul 673.8 0.02 3.14 7198000 HDFC.22.07 Jul 2177.05 -2.37 3.1 26913900
POLYCAB.22.07 Jul 2216.55 0.03 4.08 926100 BHARTIARTL.22.07 Jul 648.15 -2.22 2.81 53021400
PAGEIND.22.07 Jul 43249.8 0.03 2.15 107100 HDFCBANK.22.07 Jul 1365.35 -1.91 4.97 55751300
                                                                        Short Covering                                                                       Long Unwinding
L&TFH.22.07 Jul 72.4 0 -0.2 49697756 BANDHANBNK.22.07 Jul 277.8 -1.61 -0.47 27934200
ASHOKLEY.22.07 Jul 142.9 0.03 -0.75 42465000 NBCC.22.07 Jul 31.15 -0.95 -0.98 18180000
M&M.22.07 Jul 1131.1 0.04 -0.25 14483000 BOSCHLTD.22.07 Jul 16210.85 -0.81 -0.05 101600
BHEL.22.07 Jul 48.65 0.1 -0.72 91087500 RAIN.22.07 Jul 150.2 -0.76 -0.44 7980000
SBILIFE.22.07 Jul 1142.45 0.13 -0.07 8016000 TATACOMM.22.07 Jul 987.75 -0.74 -0.35 3030000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Kotak Mahindra Bank Limi 1742.05 1.34 3613468 0 72.67 Nifty50 15966.65 -0.57 83217
Hdfc Bank Ltd. 1357.85 -2.44 7972805 0 68.5 Niftybank 34827.8 -0.87 83217
Dalmia Bharat Limited 1477.15 2.71 365907 0 67.52 Nifty it 26949.75 -0.42 83217
Power Grid Corporation o 214.45 0.44 7657504 0 67.32 India Vix 18.52 -0.16 83220
Itc Ltd. 294.05 0.46 9277566 0 66.93 Nifty Fmcg 40954.4 0.94 83220
Marico Limited 502.25 0.45 1169717 0 66.53 Nifty Pharma 12622.3 1.38 83220
Asian Paints Limited 2941.2 1.66 2153712 0 65.16 Nifty Realty 418.6 0.28 83220
Infosys Limited 1444.45 0.41 5264025 0 63.96 Nifty Auto 12099.35 -0.07 83220
Sun Pharma  Ltd 860.15 1 2663538 0 62.73 Nifty Metal 4872.55 0.8 83223
Ipca Laboratories Ltd. 974.85 0.54 396301 0 61.68 Nifty Financial Services 16043.85 -0.97 83223

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 8th July, 2022 •USD:  Nonfarm Payrolls (Jun) on 8th July, 2022

•USD:  Unemployment Rate (Jun) on 8th July, 2022

NEWS UPDATES

  • Bharat Heavy Electricals Ltd (BHEL) on Thursday said it has successfully commissioned 100-MW floating Solar photovoltaic plant at NTPC Ramagundam in Telangana. The plant is installed across the natural raw water reservoir, saving valuable land resources, and also conserves water by reducing evaporation, a company statement said.

  • Ajmera Realty & Infra India Ltd on Thursday reported an over three-fold jump in its sales bookings to Rs 400 crore for the quarter ended June on better demand. Its sales bookings stood at Rs 111 crore in the year-ago period, the company said in a statement. The carpet area sold by the company stood at 1,57,438 square feet in April-June period of this fiscal as against 61,663 square feet in the year-ago period.

  • Tata Power on Thursday issued a clarification saying no officials of Tata Power are involved in the alleged bribery case involving Power Grid Corporation of India. Tata Power spokesperson in a tweet said, ““Tata Power clarifies that no officials of Tata Power are involved in the alleged bribery case involving Power Grid Corporation of India, being investigated by CBI. Some media reports have wrongly mentioned Tata Power’s name in the alleged case.”

  • TCS will kick start corporate earnings season this week, and if one were to go by what analysts say the IT major may not disappoint the Street, with a nearly 15 per cent jump in revenues and a 7-11 per cent year-on-year rise in June quarter profit. The demand commentary could be strong, they said, even as margin may take a hit on wage hikes.

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

BOARD MEETINGS

DRA General 13-Jul-22
DUROPLY Issue Of Warrants;General;Preferential Issue of shares 13-Jul-22
GUJHOTE Quarterly Results 13-Jul-22
HINDZINC Interim Dividend 13-Jul-22
ITHL Quarterly Results 13-Jul-22
JPTRLES General;Quarterly Results 13-Jul-22
MEERA General 13-Jul-22
METALCO General 13-Jul-22
MINDTREE Quarterly Results 13-Jul-22
MSRINDIA General 13-Jul-22

 

PANAFIC Right Issue of Equity Shares;General 13-Jul-22
PREMIERPOL A.G.M.;General;Quarterly Results 13-Jul-22
RAMASIGNS Quarterly Results 13-Jul-22
TATAMETALI Audited Results 13-Jul-22
TILAK Right Issue of Equity Shares 13-Jul-22

CORPORATE ACTION

A Infrastructure Ltd 12-Jul-22 Bonus issue 1:1
Avadh Sugar & Energy Ltd 12-Jul-22 Dividend – Rs. – 10.0000
REC Ltd 12-Jul-22 Final Dividend – Rs. – 4.8000
SESHASAYEE PAPER & BOARDS LTD. 12-Jul-22 Final Dividend – Rs. – 2.5000
STEEL EXCHANGE INDIA LTD. 12-Jul-22 Stock Split From Rs.10/- to Rs.1/-
Aditya Birla Sun Life AMC Ltd 13-Jul-22 Final Dividend – Rs. – 5.8500
ANG Lifesciences India Ltd 13-Jul-22 Bonus issue 1:4
ASM TECHNOLOGIES LTD. 13-Jul-22 Final Dividend – Rs. – 2.5000
Magadh Sugar & Energy Ltd 13-Jul-22 Dividend – Rs. – 6.5000
ORIENT BELL LIMITED-$ 13-Jul-22 Dividend – Rs. – 1.0000
POLYCHEM LTD. 13-Jul-22 Final Dividend – Rs. – 3.0000
Shankara Building Products Ltd 13-Jul-22 Final Dividend – Rs. – 1.0000

 

SHREE CEMENT LTD. 13-Jul-22 Final Dividend – Rs. – 45.0000
VST INDUSTRIES LTD. 13-Jul-22 Dividend – Rs. – 140.0000
WENDT (INDIA) LTD. 13-Jul-22 Final Dividend – Rs. – 45.0000
ADANI ENTERPRISES LTD. 14-Jul-22 Final Dividend – Rs. – 1.0000
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. 14-Jul-22 Final Dividend – Rs. – 5.0000
Apex Frozen Foods Ltd 14-Jul-22 Final Dividend – Rs. – 2.5000
ARIHANT CAPITAL MARKETS LTD. 14-Jul-22 Final Dividend – Rs. – 0.1500
ASHOK LEYLAND LTD. 14-Jul-22 Dividend – Rs. – 1.0000
Adani Total Gas Ltd 14-Jul-22 Final Dividend – Rs. – 0.2500
ATUL LTD. 14-Jul-22 Dividend – Rs. – 25.0000
BHARAT FORGE LTD. 14-Jul-22 Final Dividend – Rs. – 5.5000
B.N.RATHI SECURITIES LTD. 14-Jul-22 Dividend – Rs. – 1.0000

 

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

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