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 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.
|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.|
|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|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Balkrishna Ind. Ltd||2121.9||-3.45||239885||0||77.57||Niftybank||33405.85||-3.13||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
|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
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
|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|
|NAGARFERT||Audited Results||14-Jun-22||RCIIND||Audited Results||15-Jun-22|
|OPTOCIRCUI||Quarterly Results||14-Jun-22||STELLAR||Audited Results||15-Jun-22|
|SPANDANA||General||14-Jun-22||AETHER||Audited Results;Quarterly Results||16-Jun-22|
|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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