Morning-Outlook-Feature-Image
Outlook-15-12-2021

NIFTY:

NIFTY opened at 17283.20 with a gap down of 85 points. The index first moved up but turned down quickly and saw a sharp decline. Prices have recorded its intraday low at 17225.80, found support there, and then again rallied. This time prices moved more than 150 points and recorded its intraday high at 17376.20.Prices have again moved down and then rallied in the last two hours of trading and finally closed at 17324.90 with a loss of 43.35 points or 0.25%. The MEDIA and PHARMA sectors have outperformed today and led the bulls while the AUTO and FINANCIALS have seen an underperformance and ended lower by nearly 1%.

It was a volatile day in the index where prices have seen some wild movement in both directions and finally ended almost flat. A gap down did not sustain as prices have seen a sharp intraday rally of almost 150points.The short-term trend is sideways as the index is facing it difficult to cross above the 17500 – 17600 resistance zone. Support is visible around 17000.We now have a large trading range in the index within these two boundaries.

 

BANK NIFTY:

BANK NIFTY opened at 36778.95 with a gap down of 184 points. The index moved further on the downside and recorded its intraday low at 36545.40. The index then rallied, recovered all the losses and recorded its intraday high at 37039.05. Prices then again moved down and finally closed at36893.80 with a loss of just 68 points. PSU BANKS have underperformed today and closed with a loss of 0.70%. PVT BANKS have also seen a decline today and ended lower by 0.13%. Within the index, in terms of points, ICICI BANK contributed the highest while KOTAK BANK contributed the lowest.

So, our short trade executed at 36700. Prices have neither touched the stop nor the target so this trade remained intact. Traders should stay short with stop at 37050 and a target at 35900. It was a volatile day where prices have opened with a gap down and then recovered all the loses and closes with minor loss below 37000. The short-term trend is sideways and index is moving very random. . Due to these factors our bias is mildly bearish.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
INDUSTOWER 266 SELL The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be sold below 265 with a stop loss of 272 and for the target of 250.
MCX 1787 BUY The  immediate trend of the script is bullish. There is a positive  cross over of moving averages  as well as of the indicators therefore  it can be buy above 1790 with a stop loss of 1750 and target  of 1850.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TECHM 1660 BUY 34 CMP 20 60 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PAGEIND.Dec 30 40194.95 0.01 2.47 89580 SRTRANSFIN.Dec 30 1387.85 -6.16 8.61 3064400
HCLTECH.Dec 30 1164.2 0.02 1.95 21890400 PEL.Dec 30 2600.7 -5.82 5.9 3910775
LAURUSLABS.Dec 30 515.8 0.04 3.48 3725100 CHOLAFIN.Dec 30 556.8 -4.05 5.63 8823750
EXIDEIND.Dec 30 168.1 0.06 0.41 23551200 ITC.Dec 30 228.7 -2.93 2.63 2.35E+08
WIPRO.Dec 30 649.3 0.06 1.88 29673600 DIXON.Dec 30 5565 -2.75 1.59 398250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BALKRISIND.Dec 30 2255 0.26 -0.07 1637200 NMDC.Dec 30 139.15 -6.2 -3.01 78142100
ASTRAL.Dec 30 2253 0.29 -0.23 601700 STAR.Dec 30 477.8 -2.73 -1.26 5444550
NAVINFLUOR.Dec 30 3976.15 0.32 -2.02 545850 CUMMINSIND.Dec 30 968 -2.71 -2.31 1494000
MRF.Dec 30 74330 0.34 -0.9 67430 BATAINDIA.Dec 30 1969.45 -2.12 -4.01 1474550
DLF.Dec 30 417.65 0.51 -0.67 29176950 FSL.Dec 30 172.9 -1.87 -2.15 8052200

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2751.95 -0.72 2039433 0 78.03 Nifty 50 17324.9 -0.25 83559
Icici Lombard General In 1434.95 0.99 496630 0 77.85 Nifty Bank 36893.95 -0.08 83559
Hindustan Unilever Ltd 2318.3 0.61 1219031 0 73.93 Nifty it 36102.55 0.14 83559
Infosys Limited 1752.15 0.43 4768144 0 70.98 Nifty Fmcg 37642.6 -0.48 83556
Atul Ltd. 8800.75 -0.58 13358 0 70.75 Nifty Mnc 19243 0.12 83556
Tata Consultancy Serv Lt 3623.8 0.39 1747007 0 70.59 India Vix 16.95 2.31 83559
Crompton Greaves Consume 415.85 -2.61 2788053 0 70.36 Nifty Pharma 13575.9 1.06 83556
Colgate Palmolive (india 1458.95 2.3 634424 0 68.68 Nifty Auto 10972.15 -0.68 83556
Info Edge (india) Limite 5366.05 -2.26 743041 0 68.15 Nifty Metal 5666.8 0.43 83556
Icici Bank Ltd. 758.65 0.62 17488089 0 67.71 Nifty Realty 509.2 -0.62 83559

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Trade Balance (Nov) on 15th December, 2021

INR: Deposit and Bank Loan Growth Rate on 17th December, 2021

•USD: Crude Oil Inventories on 15th December, 2021

•USD: Retail Sales (MoM) (Nov) on 15th December, 2021

NEWS UPDATES

  • Larsen & Toubro (L&T) on Tuesday said its construction arm has bagged a large order for its buildings and factories business from the Odisha government to construct clinical blocks and allied infrastructure for a hospital in Cuttack. The duration of the engineering, procurement, and construction (EPC) project is 30 months, the company said in a statement.

  • The Reserve Bank of India on Tuesday issued the Prompt Corrective Action (PCA) framework for non-banking financial companies (NBFCs). This means NBFCs will have to strictly meet benchmarks on capital requirement, non-performing assets (NPAs), and asset quality. It may be recalled that the revised PCA framework for Scheduled Commercial Banks (SCBs) was issued on November 2, 2021.

  • Bharti Airtel and technology services major Capgemini on Tuesday announced to collaborate on bringing India-specific, 5G-based enterprise grade solutions to the country. Capgemini’s 5G Lab within its Mumbai campus and Airtel’s 5G Lab in Manesar, Haryana, will be the development hubs. Two 5G use cases have already been deployed by Capgemini at Airtel’s 5G Lab, which are focused on smart health and immersive remote assistance for field operations and maintenance.

  • Infosys on Tuesday announced that it has been selected by Finnish pharmaceutical company Orion Corporation to holistically transform its ERP and Planning platforms, enhance employee experience, and drive business value realisation.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AMARSEC General 15-Dec-21 POWERGRID Interim Dividend;General 15-Dec-21
BINNY Quarterly Results 15-Dec-21 QUANTDIA Increase in Authorised Capital;General 15-Dec-21
BLUECLOUDS Issue Of Warrants;General 15-Dec-21 TATIAGLOB General 15-Dec-21
BURGERKING General 15-Dec-21 ZODIACVEN Issue Of Warrants;Pref.Issue of shares 15-Dec-21
CRESSAN General 15-Dec-21 EASEMYTRIP General 16-Dec-21
DUGARHOU General 15-Dec-21 GBGLOBAL General 16-Dec-21
GENUSPAPER General 15-Dec-21 KINGSINFR General 16-Dec-21
GLITTEKG General 15-Dec-21 ALPHALOGIC Increase in Auth. Cap. ;General;Pref. Issue 17-Dec-21
KALPACOMME General 15-Dec-21 DUKEOFS General 17-Dec-21
MAHALXSE General 15-Dec-21 PARSHVA Bonus issue;General 17-Dec-21
ODYCORP General 15-Dec-21 QGO General 17-Dec-21
PITHP General 15-Dec-21 REGENTRP General 17-Dec-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
RAJESHEXPO 15-Dec-21 Dividend – Rs. – 1.0000 KKCL 16-Dec-21 Bonus issue 4:1
BEARDSELL 16-Dec-21 Right Issue of Equity Shares MPSLTD 16-Dec-21 Buy Back of Shares
BNRSEC 16-Dec-21 Right Issue of Equity Shares SRD 16-Dec-21 Bonus issue 1:1
CHEVIOT 16-Dec-21 Buy Back of Shares VEDL 16-Dec-21 Interim Dividend – Rs. – 13.5000
EARUM 16-Dec-21 Stock  Split From Rs.10/- to Rs.2/- BAMBINO 21-Dec-21 Final Dividend – Rs. – 1.6000

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