Morning-Outlook-Feature-Image
Outlook

NIFTY:

NIF1Y opened at 16528.80 wit ha gap down of 66 points. The index first moved down and recorded its intraday low at 16470.90. Prices then started moving higher. A sharp rally of more than 200 points came in just one hour and prices have recorded its intraday high at 16694.40. The index faced strong resistance there and then moved inside a consolidation. From 10:00 AM to the end of today’s trading session, prices have consolidated in a tight narrow range of just 150 points and finally closed at 16630.45 wit h a gain of 35.55 points or 0.21% up. PHARMA outperformed today and closed wit ha gain of 2.46% followed by OIL GAS and METAL.AUTO and IT underperformed today and closed lower.

The short-term trend is sideways now and we have 16200 levels as a support for the NIFTY Index. The volatility index ‘INDIA VIX’ continued moving around 25 where the volatility remained high. On Monday, we should look for a trading opportunity in the direct ion of a breakout. The idea here is to buy on a breakout above 16800 or sell short on a breakdown below 16400. Take only one trade whichever is executed first. Keep a stop of 110 points and a target of 240 points from your entry price.

BANK NIFTY:

BANK NIFTY opened at 34331 with a gap down of just 69 points. The index initially moved down and recorded its intraday low at 34094.30. Prices then moved up, saw a sharp intraday rally of almost 900 points and recorded its intraday high at 34880.05. Prices have spent rest of the day moving narrow and sideways and finally closed at 34546.70 with a gain of 146 points. PSU BANKS continued its outperformance and closed with a gain of 0.95%.PVT BANKS have underperformed today and closed without much of a change.

On Monday, we should look for a trading opportunity in the direction of a breakout. The idea is to buy on a breakout above 35000 or sell short on a breakdown below 34000. Take only one trade whichever execute first. Keep a stop of 300 points and a target of 800 points from your entry price.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
JSWSTEEL 669 BUY The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought  with a stop loss of 660 and for the target of 685.
MANAPPURAM 116.85 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 116 with a stop loss of 118 and target  of 112.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SUNPHARMA 910 CE BUY 18 CMP 12 30 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MINDTREE.Mar 31 4100 0.02 1.82 2670000 DALBHARAT.Mar 31 1431.05 -3.71 10.88 601500
ICICIBANK.Mar 31 679.75 0.05 2.51 1.3E+08 MANAPPURAM.Mar 31 117.5 -3.17 9.12 25482000
RBLBANK.Mar 31 133.95 0.07 0.73 37494100 FSL.Mar 31 125 -2.95 3.33 14536600
AMBUJACEM.Mar 31 288.1 0.07 1.52 26203500 HAVELLS.Mar 31 1098.15 -2.65 5.54 5061500
CUMMINSIND.Mar 31 998.1 0.08 10.48 1594200 ABBOTINDIA.Mar 31 17206.15 -2.01 5.05 33275
                                                                        Short Covering                                                                       Long Unwinding
CUB.Mar 31 123.45 0.04 -0.19 8819600 HINDALCO.Mar 31 590.65 -0.92 -0.83 32563900
LTTS.Mar 31 4962.95 0.16 -0.08 481800 ASHOKLEY.Mar 31 106.2 -0.79 -0.16 42475500
UPL.Mar 31 728 0.16 -0.15 23513100 ADANIENT.Mar 31 1736.1 -0.77 -0.65 20013000
BANKNIFTY.Mar 31 34605 0.17 -0.97 2720675 ULTRACEMCO.Mar 31 6032 -0.76 -0.08 3108300
IEX.Mar 31 225.95 0.33 -1.28 35636250 METROPOLIS.Mar 31 1907.2 -0.7 -2.33 803400

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Prudential Life In 463.05 0.7 565846 0 77.17 Nifty50 16630.45 0.21 77337
Icici Lombard General In 1256 -0.33 670143 0 70.15 Niftybank 34546.25 0.2 77337
Hindustan Unilever Ltd 2094.4 -0.36 2481643 0 66.38 Nifty it 35348.7 -0.14 77337
Infosys Limited 1822 -0.21 4758657 0 64.75 India Vix 25.35 -0.9 77337
Pfizer Ltd. 4473.5 1.9 57508 0 62.15 Nifty Fmcg 35613.65 0.23 77337
Marico Limited 507.55 1.35 1575214 0 62.1 Nifty Pharma 13399 2.46 77337
Itc Ltd. 236.35 1.88 41699184 0 61.99 Nifty Realty 430.2 0.47 77337
Zydus Lifesciences Limit 370.65 1.34 1365084 0 61.39 Nifty Auto 9979.7 -0.4 77337
Power Grid Corporation o 212.45 1.72 9744638 0 61.1 Nifty Metal 6190.05 0.46 77337
Petronet Lng Limited 209.6 -0.24 3460394 0 60.93 Nifty Media 2131.55 -0.03 77337
Nifty Financial Services 16165.2 0.19 77337

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Feb) on 14th March, 2022

INR: WPI Inflation (YoY) (Feb) on 14th March, 2022

•USD: PPI (MoM) (Feb) ) on 15th March, 2022

•USD: Retail Sales (MoM) (Feb) on 16th March, 2022

NEWS UPDATES

  • Board of Directors of GAIL India in its 438th meeting held on 11th March, 2022 has approved the payment of 2 nd Interim Dividend for the FY 2021-22 at Rs. 5/- per equity share on the paid-up equity share capital of the Company.
  • The Reserve Bank of India (RBI) in its latest order issued today directed Vijay Shekhar Sharma-led Paytm Payments Bank Ltd to stop onboarding of new customers. The Reserve Bank of India (RBI) in its latest order issued today directed Vijay Shekhar Sharma-led Paytm Payments Bank Ltd to stop onboarding of new customers. The Paytm Payments Bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system, the RBI order said. “Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by RBI after reviewing a report of the IT auditors,” the central bank said.
  • Digital gaming and sports company Nazara Technologies through its wholly-owned subsidiary Nazara Technologies FZ LLC has committed an investment of Rs 30 crore in Griffin Gaming Partners Fund II.
  • India’s Cairn Oil & Gas, a unit of Vedanta Ltd., will spend as much as $4 billion over the next three years to more than triple its production, as high prices make investments attractive. India’s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells to explore new oil and gas reserves across its 51 blocks in the country, Prachur Sah, deputy chief executive officer of Cairn, said in an interview to Bloomberg TV Friday.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
20MICRONS General 14-Mar-22 CONTCHM General 15-Mar-22
AGIIL Interim Dividend 14-Mar-22 DEVIT General 15-Mar-22
AYOME General 14-Mar-22 KRANTI General 15-Mar-22
BBOX Stock  Split 14-Mar-22 MODULEX Right Issue of Equity Shares;Rights Issue 15-Mar-22
JIGAR General 14-Mar-22 MOLDTEK Interim Dividend 15-Mar-22
MIDHANI Interim Dividend 14-Mar-22 ODYCORP General 15-Mar-22
NDASEC General 14-Mar-22 SPVGLOBAL General;Rights Issue 15-Mar-22
PCS General 14-Mar-22 STCORP General 15-Mar-22
PILITA General 14-Mar-22 ADFFOODS General 16-Mar-22
RITES Interim Dividend 14-Mar-22 ATHARVENT General 16-Mar-22
TRF General 14-Mar-22 LANDMARC General 16-Mar-22
ALSL General 15-Mar-22 MYSPAPE Quarterly Results 16-Mar-22
ARIES General 15-Mar-22 RVNL Interim Dividend 16-Mar-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ARIHCAPM 14-Mar-22 Interim Dividend – Rs. – 0.7500 RAJGLOWIR 15-Mar-22 Stock  Split From Rs.10/- to Rs.2/-
DICIND 14-Mar-22 Final Dividend – Rs. – 3.0000 TVSELECT 15-Mar-22 Interim Dividend – Rs. – 2.0000
DICIND 14-Mar-22 Special Dividend – Rs. – 2.0000 DRCSYSTEMS 16-Mar-22 Stock  Split From Rs.10/- to Rs.1/-
INFIBEAM 14-Mar-22 Bonus issue 1:1 JINDALSTEL 16-Mar-22 Interim Dividend – Rs. – 1.0000
NLCINDIA 14-Mar-22 Interim Dividend – Rs. – 1.5000 KMSUGAR 16-Mar-22 E.G.M.
RKFORGE 14-Mar-22 Stock  Split From Rs.10/- to Rs.2/- METROBRAND 16-Mar-22 Interim Dividend – Rs. – 1.5000
AIML 15-Mar-22 Stock  Split From Rs.10/- to Rs.1/- RELTD 16-Mar-22 E.G.M.
BCG 15-Mar-22 Bonus issue 2:3 SHIVMED 16-Mar-22 Resolution Plan -Suspension

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