Morning-Outlook-Feature-Image
Outlook

NIFTY:

NIFTY opened at 17076.15 wit ha big gap down 298 points. The index recorded its intraday high at 17099.50 a few ticks above the opening price and fell further towards 16900. Prices found support there and then started trading volatile inside the 16900 – 17100 range till the afternoon. This range eventually broke on the downside and the index recorded its intraday low at 16809.65. The index fell more than 300 points in the last two hours of trading and prices have finally closed at 16842.80 near its intraday low with a loss of 531.95 points or 3.06% down. All the sectoral indices have closed wit h a loss today. BANK, FINANCIAL,META L,REA L1Y,AND MEDIA led the bears today and closed wit h a loss of more than 4%.

Previous support at 17000 should now act as a resistance level for the NIF1Y.Moreover,a swing low was recorded at around 16400. This level should act as a support level. The short-term trend is now down and volatility is very high since the Volatility Index ‘INDIA VIX’ today rose above 22 levels. Trading in volatile markets leaves us with a lot of whipsaws so we should avoid trading in such an environment. We should now wait for prices to stabilize, find support and then forma range. Till then avoid trading the index.

BANK NIFTY:

BANK NIFTY opened at 37664 with a big gap down of 762 points. Prices have recorded its intraday high almost at the opening tick and then moved further on the downside. The index goes through a process of consolidation in the afternoon that eventually broke on the downside. Prices have recorded its intraday low at 36828.05 and finally closed at 36847.85 wit h a loss of 1579 points. PSU and PVT BANKS both indices have seen sharp intraday decline today and closed lower by 5.95% & 4.03% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the downside followed by HDFC BANK.

A support around 37700 broke down decisively and the index is now heading towards the next support level around 36400. The short-term trend is down and volatility rose again.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
IRCTC 798 SELL The stock is on the verge of giving the breakdown on the intraday as well as the daily chart. The stock can be sell below 796 with a stop loss of 805 and for the target of 780.
DEEPAKNTR 2063 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 sold below 2060 with a stop loss of 2100 and target  of 1970.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INDUSINDBK    940 PE BUY 27 CMP 19 40 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
DIVISLAB.Feb 24 4279.45 -0.42 -3.39 2742800 METROPOLIS.Feb 24 2032.1 -12.89 33.02 759800
HCLTECH.Feb 24 1145.5 -1.56 -0.81 22167600 HONAUT.Feb 24 39651 -8.88 37.7 11505
SUNPHARMA.Feb 24 865.85 -1.62 -0.1 22132600 LICHSGFIN.Feb 24 357.85 -8.62 6.3 22220000
VOLTAS.Feb 24 1170.95 -1.74 -3.45 3596500 GMRINFRA.Feb 24 39 -7.91 7.77 91485000
TITAN.Feb 24 2396.15 -1.87 -0.53 4913250 STAR.Feb 24 356 -7.9 2.29 4224600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CUMMINSIND.Feb 24 945.6 1.2 -4.45 2022600 HINDCOPPER.Feb 24 125.9 -9.55 -6.26 17823500
DELTACORP.Feb 24 256.4 -7.94 -0.05 14046100
BSOFT.Feb 24 418.35 -7.59 -0.58 4670900
JINDALSTEL.Feb 24 404.65 -7.53 -2.94 33977500
INDIGO.Feb 24 2099.4 -7.29 -0.55 3186000

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2228.55 -1.3 1661501 0 73.93 Nifty 50 16842.8 -3.06 79383
Power Grid Corporation o 201.85 -2.86 9082032 0 72.21 Nifty Bank 36908.55 -4.18 79383
Infosys Limited 1682.2 -2.27 7459637 0 69.96 Nifty it 33880.65 -1.45 79383
Tata Consultancy Serv Lt 3733.75 1.05 5951745 0 69.71 Nifty Realty 437.4 -5.29 79380
Hcl Technologies Ltd. 1146.45 -1.48 3243813 0 69.37 Nifty Auto 11107.15 -3.86 79386
Hdfc Bank Ltd. 1473.7 -2.97 7328310 0 69.16 India Vix 22.98 23.01 79383
Pidilite Industries Ltd 2388.55 -1.8 422290 0 67.99 Nifty Metal 5719 -5.06 79386
Godrej Cons Products Ltd 799.75 -3.06 1708417 0 66.71 Nifty Fmcg 35661.25 -2.76 79380
Reliance Industries Ltd 2338.55 -1.59 4947109 0 66.67 Nifty Pharma 13252.15 -1.91 79380
Hdfc Ltd. 2296.8 -5.34 5903697 0 66.62 Nifty Media 2127.7 -4.22 79386
Nestleind 17670.25 -0.81 42917 0 65.18 Nifty Financial Services 17059.1 -4.18 79386

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Trade Balance (Jan) on 15th February, 2022 •USD: PPI (MoM) (Jan) on 15th February 2022

•USD: Core Retail Sales (MoM) (Jan)  on 16th February 2022

NEWS UPDATES

  • Former chairman of Turkish Airlines Ilker Ayci has been appointed as CEO & MD of Air India, announced Tata Sons on Monday. The Air India board met on Monday afternoon to consider the candidature of Ayci, with Tata Sons Chairman N Chandrasekaran as a special invitee, and approved his appointment, subject to requisite regulatory approvals.
  • Grasim Industries has become a net debt free company on a standalone basis after selling its fertiliser business. In its December quarter results, the company said its consolidated revenue was up 16 per cent at Rs 24,402 crore while its earnings before interest, tax, depreciation and amortisation (EBITDA) were Rs 4,107 crore. The company’s profit after tax was Rs 1,746 crore, up 26 per cent on a year on year basis.
  • Bharat Heavy Electricals Ltd (BHEL) on Monday said it has bagged an order from Hindustan Aeronautics Ltd to supply compact heat exchanger sets for Tejas aircraft. “Bharat Heavy Electricals Limited has received a prestigious order for the supply of compact heat exchanger sets for 83 LCA Tejas MK1A aircrafts, from Hindustan Aeronautics Limited (HAL),” the company said in a statement.
  • Standard and Poor’s (S&P) has upgraded the Adani International Container Terminals Pte Ltd’s (AICTPL) preliminary standalone credit profile (SACP) from “bb+” to “bbb-“. The company is expected to maintain a stronger-than-expected operating and financial performance. S&P has affirmed the company’s rating at ‘BBB-‘ with a stable outlook.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AFFORDABLE Employees Stock Option Plan;General 15-Feb-22 INTCAPM Quarterly Results 15-Feb-22
ALKASEC Quarterly Results 15-Feb-22 MAHASTEEL Preferential Issue of shares 15-Feb-22
AML Increase in Authorised Capital;General 15-Feb-22 MITSHI Quarterly Results 15-Feb-22
ARL General 15-Feb-22 MITSU Increase in Authorised Capital;General 15-Feb-22
ASMTEC Rights Issue 15-Feb-22 MOUNT Quarterly Results 15-Feb-22
ASYL Quarterly Results 15-Feb-22 OLYMTFI Quarterly Results 15-Feb-22
BITL Quarterly Results 15-Feb-22 POLOHOT Quarterly Results 15-Feb-22
CRISIL Audited Results;Dividend 15-Feb-22 SAMTELIN Quarterly Results 15-Feb-22
ENKEIWHEL Audited Results;Quarterly Results 15-Feb-22 SESHACHAL Quarterly Results 15-Feb-22
FLORACORP Quarterly Results 15-Feb-22 SOMATEX Quarterly Results 15-Feb-22
GARBIFIN Quarterly Results 15-Feb-22 SUJALA Quarterly Results 15-Feb-22
GLCL Quarterly Results 15-Feb-22 TIRUFIN Quarterly Results 15-Feb-22
GUJCRED Quarterly Results 15-Feb-22 VIKASLIFE General 15-Feb-22
HITKITGLO Quarterly Results 15-Feb-22 VIRGOGLOB Quarterly Results 15-Feb-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AARTIIND 15-Feb-22 Interim Dividend – Rs. – 1.00 MAPMYINDIA 15-Feb-22 Interim Dividend – Rs. – 2.00
AKCAPIT 15-Feb-22 Interim Dividend – Rs. – 5.00 MINDACORP 15-Feb-22 Interim Dividend – Rs. – 0.30
BHATIA 15-Feb-22 Stock  Split From Rs.10/- to Rs.1/- MINDSPACE 15-Feb-22 Income Distribution RITES
DALMIASUG 15-Feb-22 Interim Dividend – Rs. – 3.00 RECLTD 15-Feb-22 Interim Dividend – Rs. – 6.00
DANUBE 15-Feb-22 Stock  Split From Rs.10/- to Rs.2/- SUVENPHAR 15-Feb-22 Interim Dividend – Rs. – 1.00
IOLCP 15-Feb-22 Interim Dividend – Rs. – 4.00 SUVENPHAR 15-Feb-22 Special Dividend – Rs. – 2.00

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