Morning-Outlook-Feature-Image

Morning-outlook-14june

NIFTY:

Nifty opened 15877.55 with a big gap down of 324 points. The index recorded its intraday high at 15886.15 a few ticks above the opening price and continued moving lower. Prices have added more than 100 points on the downside and then moved up. The rally found strong intraday resistance around 15800,consolidated there for a couple of hours, and then broke down A sharp decline brought prices to its intraday low at 15684 and then prices moved up again more than 100 points to finally close at 15774.40 with a loss of 427.40 points or 2.64% down. All the sectoral indices have ended with a loss today. FMCG outperformed today and ended nearly 1% down.IT led the Bears today by losing more than 4%. BANK, Financial, METAL, and REALTY followed by ending more than 3% down. Resistance should now emerge around the 15900 – 16000 zone. A rally towards this zo ne and holding the resistance will also give us a shorting opportunity. As of now, we should avoid buying in the index.

BANK NIFTY:

Bank Nifty opened at 33728.65 with a big gap down of 753 points. The index moved further on the downside after recording its intraday high at 34752.45. The decline stopped after the first hour of trading and prices went into consolidation. That consolidation continued for the rest of the day, prices have recorded its intraday low at 34346.65 and finally closed at 33441.70 wit h a big loss of 1040 points. PSU and PVT BANKS both indices have performed almost the same today, saw a sharp intraday decline, and ended with a loss of 3.58% & 3.57%. Within the index, in terms of points, ICIC IBANK contributed the highest on the downside followed by HDFC BANK.

As of now, we should avoid trading the index and wait for a suitable setup to emerge. If the index takes a U-Turn then we will look for a buying and if prices close below 33000 supports, then we will look for a shorting opportunity.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
APOLLOHOSP 3651 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 3620 and for the target of 3700.
BALRAMPUR CHINI 385.45 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 385 with a stop loss of 388 and target of 380.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DLF 300 PE BUY 8.60 CMP 5 15 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BRITANNIA.22.06 Jun 3315 0.14 1.67 1732200 AMARAJABAT.22.06 Jun 482.7 -2.49 0.29 6192000
ICICIGI.22.06 Jun 1128.95 0.22 0.8 3844975 AMBUJACEM.22.06 Jun 363.9 -0.67 1.73 55759500
SIEMENS.22.06 Jun 2387 0.22 3.71 1522950 APLLTD.22.06 Jun 721.45 -1.68 0.35 1193500
IPCALAB.22.06 Jun 864 0.31 4.71 970650 APOLLOHOSP.22.06 Jun 3654.95 -1.43 1.9 2097125
PIIND.22.06 Jun 2593.5 0.32 1.11 1703000 BANDHANBNK.22.06 Jun 309.3 -4.8 3.5 37812600
                                                                        Short Covering                                                                       Long Unwinding
BAJAJ-AUTO.22.06 Jun 3739 0.4 -4.71 2408500 DELTACORP.22.06 Jun 179.45 -6.66 -2.63 15334100
MARICO.22.06 Jun 501 1.33 -2.25 9973000 CANBK.22.06 Jun 191.6 -5.13 -0.06 47152800
STAR.22.06 Jun 300.3 -4.74 -0.08 3429000
BEL.22.06 Jun 236.45 -4.41 -0.22 29936400
BALRAMCHIN.22.06 Jun 388.45 -4.2 -0.21 6758400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Alkem 3094.4 -1.3 50726 0 81.56 Nifty50 15774.4 -2.64 74619
Balkrishna Ind. Ltd 2121.9 -3.45 239885 0 77.57 Niftybank 33405.85 -3.13 74619
Muthootfin 1039.8 -2.12 535383 0 74.78 Nifty it 27914.6 -4.12 74619
Icici Lombard General In 1113.95 -0.63 1524945 0 72.96 India Vix 22.36 14.22 74619
Britannia Ind Ltd. 3359 -0.06 463893 0 72.29 Nifty Fmcg 37078.1 -0.94 74619
Hdfc Ltd. 2128.45 -2.36 3700629 0 70.8 Nifty Pharma 12191.85 -1.83 74619
Honeywell Auto India Ltd 33450.05 2.3 5796 0 68.66 Nifty Realty 387.85 -3.15 74619
Marico Limited 500.15 1.54 2792818 0 68.55 Nifty Auto 11165.65 -2 74619
Infosys Limited 1424.5 -3.54 6987144 0 67.85 Nifty Metal 5000 -3.85 74619
Syngene 537.2 0.41 346693 0 67.17 Nifty Financial Services 15356.4 -3.1 74619

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: WPI Inflation (YoY) (May)  (Apr) on 14th June, 2022 •USD:   PPI (MoM) (May) on 14th June, 2022

•USD:   OPEC Monthly Report  on 14th June, 2022

NEWS UPDATES

  • Tata Steel has unveiled a 7-million pound investment plan for its Hartlepool Tube Mill in north-east England that the Indian steel major says will cut carbon emissions, improve capacity and reduce costs to strengthen its UK business. The investment will go into a new slitter which will allow the Hartlepool site to process coils of steel delivered from Tata’s Port Talbot steelmaking site in South Wales.

  • The 2023-27 cycle of the Indian Premier League will have two broadcasters for digital and television. The rebid process for the digital rights of the IPL has concluded within an hour of resumption of the e-auction in the afternoon session on Monday. The winner of the television rights challenged the winner of the digital rights at the auction after quickly winding up the morning session.

  • Viacom 18 has reportedly bagged the digital rights for broadcasting the IPL from 2023 onwards for a sum of Rs 20,500 crore. The IPL auction for the media rights for TV and digital have been sold for Rs 107.5 crore taking the total to Rs 44,075 crore, according to reports. The winner of the broadcasting TV rights for IPL is likely to shell out Rs 23,575 crore while the digital rights have gone for Rs 20,500 crore.

  • Life Insurance Corporation (LIC) of India fell for the tenth straight session on Monday. The 30-day lock-in for anchor investors ended today and the stock is now down over 28 per cent as against its issue price of Rs 949

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BAJAJ-AUTO Buy Back of Shares 14-Jun-22 IOB General 15-Jun-22
GENESYS Preferential Issue of shares;ESOP 14-Jun-22 KUMPFIN A.G.M. 15-Jun-22
ITDC Audited Results 14-Jun-22 LLOYDSME General 15-Jun-22
MEL General 14-Jun-22 NDMETAL General 15-Jun-22
NAGARFERT Audited Results 14-Jun-22 RCIIND Audited Results 15-Jun-22
OPTOCIRCUI Quarterly Results 14-Jun-22 STELLAR Audited Results 15-Jun-22
PNBHOUSING General 14-Jun-22 ADROITINFO A.G.M. 16-Jun-22
SPANDANA General 14-Jun-22 AETHER Audited Results;Quarterly Results 16-Jun-22
AMALGAM A.G.M.;General 15-Jun-22 CONTCHM General 16-Jun-22
GUJARATPOLY General 15-Jun-22 INDOWIND Audited Results;General 16-Jun-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AVONMORE 14-Jun-22 Buy Back of Shares NEWGEN 15-Jun-22 Dividend – Rs. – 4.5000
DCBBANK 14-Jun-22 Dividend – Rs. – 1.0000 SABOOSOD 15-Jun-22 Right Issue of Equity Shares
HAVELLS 14-Jun-22 Final Dividend – Rs. – 4.5000 SONATSOFTW 15-Jun-22 Final Dividend – Rs. – 13.0000
INDIANB 14-Jun-22 Final Dividend – Rs. – 6.5000 TATACHEM 15-Jun-22 Final Dividend – Rs. – 12.5000
PUNJCOMMU 14-Jun-22 E.G.M. TATAELXSI 15-Jun-22 Final Dividend – Rs. – 42.5000
RSYSTEMINT 14-Jun-22 Interim Dividend – Rs. – 6.5000 TATAPOWER 15-Jun-22 Final Dividend – Rs. – 1.7500
CANBK 15-Jun-22 Dividend – Rs. – 6.5000 TATASTEEL 15-Jun-22 Final Dividend – Rs. – 51.0000
HIGHENE 15-Jun-22 Final Dividend – Rs. – 15.0000 TINPLATE 15-Jun-22 Dividend – Rs. – 4.0000
HINDUNILVR 15-Jun-22 Final Dividend – Rs. – 19.0000 AJANTSOY 16-Jun-22 Stock  Split From Rs.10/- to Rs.2/-
KEC 15-Jun-22 Final Dividend – Rs. – 4.0000 APOLLOTYRE 16-Jun-22 Dividend – Rs. – 3.2500
KHAICHEM 15-Jun-22 Final Dividend – Rs. – 0.1500 CIGNITI* 16-Jun-22 Final Dividend – Rs. – 2.5000

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