Morning-Outlook-Feature-Image

Morning-outlook-15july

NIFTY:

NIFTY opened at 16018.85 With a gap up of 52 points. The index moved further on the upside for another 50 points and then found strong resistance there. Prices recorded its intraday high at 16070.85 and then started drifting downwards. The index went below 15900 and recorded its intraday low at 15858.20. The index saw a minor correction in the last hour of trading and finally closed at 15938.65 near its yesterday’s closing price with a loss of 28 points or 0.18% down. OIL GAS outperformed today and ended with a gain of 1.34% followed by PHARMA which ended 0.78% up.IT led the bears today by ending 1.58% lower. METAL and AUTO ended almost on a flat note.

We have seen many narrow range days in the past which should result in big wide range days but that did not happen yet. We are assuming a sharp move is yet to come in either direction. In case of a rally, we should look for a buying opportunity on a breakout above 16150. In case of a gap up or down, apply the first 15 minutes rules. That means the high recorded in the first 15 minutes will be your entry point. Keep a stop of 110 points and a target of 240 point.

BANK NIFTY:

Bank Nifty opened 34817.95 Without much of a gap. The index initially moved higher but the rally fizzled out quickly. Prices recorded its intraday high at 35027.60 and then saw a sharp downside move. Minor rallies in between were quickly sold into and the index keeps on drifting Downwards to record its intraday low at 34558.45. Prices have finally closed at 34663.15 with a loss of 155 points. PSU BANKS has seen an underperformance today and closed lower by 2.21%. PVT BANKS have also moved lower today but ended with a loss of just 0.21%.Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while AX IS BANK contributed the lowest.

It was a volatile day in the index where prices moved lower and ended with a loss for The short-term trend is still up. A close below 34500 may change it to sideways. Support is visible at around 34000.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
ADANIENT 2383 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 2360 and for the target of 2420.
DEEPAKNTR 1773 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 1770 with a stop loss of 1800 and target of 1740.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
MARUTI 8600 CE BUY 182 CMP 160 220 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PEL.22.07 Jul 1670.95 0.05 0.44 3634950 BSOFT.22.07 Jul 316.45 -5.69 21.58 4234100
CONCOR.22.07 Jul 674.3 0.08 0.12 6537000 PERSISTENT.22.07 Jul 3194.95 -4.11 8.29 581700
LUPIN.22.07 Jul 644.45 0.09 2.7 5829300 JUBLFOOD.22.07 Jul 561.4 -3.89 6.63 9207500
ABFRL.22.07 Jul 256.35 0.1 0.42 10530000 MINDTREE.22.07 Jul 2799 -3.76 10.82 3811200
ASIANPAINT.22.07 Jul 2952 0.14 3.93 7199000 CANBK.22.07 Jul 210.45 -3.57 4.85 37079100
                                                                        Short Covering                                                                       Long Unwinding
POWERGRID.22.07 Jul 215.15 0.05 -0.63 52404300 BANKBARODA.22.07 Jul 105.5 -3.03 -0.04 1.07E+08
LICHSGFIN.22.07 Jul 359.05 0.1 -0.45 15796000 HINDCOPPER.22.07 Jul 89.25 -2.41 -0.25 12121700
TATAPOWER.22.07 Jul 222 0.16 -0.03 77891625 NAM-INDIA.22.07 Jul 281.3 -2.04 -2.04 2990400
MRF.22.07 Jul 77317.15 0.21 -0.35 91330 CANFINHOME.22.07 Jul 472.2 -1.92 -0.35 2774850
APOLLOTYRE.22.07 Jul 206.35 0.36 -0.61 13135500 IDEA.22.07 Jul 8.65 -1.7 -0.8 5.67E+08

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Ipca Laboratories Ltd. 990.5 1.61 452427 0 78.62 Nifty50 15938.65 -0.18 78882
Kotak Mahindra Bank Limi 1770.05 1.61 6570982 0 76.61 Niftybank 34651.2 -0.51 78882
Hdfc Ltd. 2167.4 0.11 2740215 0 74.35 Nifty it 26523.3 -1.58 78882
Whirlpool 1671.05 1.78 75828 0 72.74 India Vix 18.34 -0.97 78882
Icici Lombard General In 1250.7 1.52 266983 0 71.51 Nifty Fmcg 40897.3 -0.14 78882
Sbi Life Insurance Compa 1138.95 -0.08 728701 0 70.85 Nifty Pharma 12721 0.78 78882
United Spirits Limited 824.9 2.25 1723421 0 70.29 Nifty Realty 417.65 -0.23 78882
Infosys Limited 1428.85 -1.08 6157606 0 67.1 Nifty Auto 12115.3 0.13 78879
Hindustan Aeronautics Li 1730 0.34 625572 0 65.43 Nifty Metal 4870.35 -0.05 78879
Tata Consultancy Serv Lt 2998.75 -1.32 4764908 0 64.92 Nifty Financial Services 15998.75 -0.28 78879

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 8th July, 2022 •USD:  Nonfarm Payrolls (Jun) on 8th July, 2022

•USD:  Unemployment Rate (Jun) on 8th July, 2022

NEWS UPDATES

  • Bharat Heavy Electricals Ltd (BHEL) on Thursday said it has successfully commissioned 100-MW floating Solar photovoltaic plant at NTPC Ramagundam in Telangana. The plant is installed across the natural raw water reservoir, saving valuable land resources, and also conserves water by reducing evaporation, a company statement said.

  • Ajmera Realty & Infra India Ltd on Thursday reported an over three-fold jump in its sales bookings to Rs 400 crore for the quarter ended June on better demand. Its sales bookings stood at Rs 111 crore in the year-ago period, the company said in a statement. The carpet area sold by the company stood at 1,57,438 square feet in April-June period of this fiscal as against 61,663 square feet in the year-ago period.

  • Tata Power on Thursday issued a clarification saying no officials of Tata Power are involved in the alleged bribery case involving Power Grid Corporation of India. Tata Power spokesperson in a tweet said, ““Tata Power clarifies that no officials of Tata Power are involved in the alleged bribery case involving Power Grid Corporation of India, being investigated by CBI. Some media reports have wrongly mentioned Tata Power’s name in the alleged case.”

  • TCS will kick start corporate earnings season this week, and if one were to go by what analysts say the IT major may not disappoint the Street, with a nearly 15 per cent jump in revenues and a 7-11 per cent year-on-year rise in June quarter profit. The demand commentary could be strong, they said, even as margin may take a hit on wage hikes.

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

BOARD MEETINGS

DRA General 13-Jul-22
DUROPLY Issue Of Warrants;General;Preferential Issue of shares 13-Jul-22
GUJHOTE Quarterly Results 13-Jul-22
HINDZINC Interim Dividend 13-Jul-22
ITHL Quarterly Results 13-Jul-22
JPTRLES General;Quarterly Results 13-Jul-22
MEERA General 13-Jul-22
METALCO General 13-Jul-22
MINDTREE Quarterly Results 13-Jul-22
MSRINDIA General 13-Jul-22
PANAFIC Right Issue of Equity Shares;General 13-Jul-22
PREMIERPOL A.G.M.;General;Quarterly Results 13-Jul-22
RAMASIGNS Quarterly Results 13-Jul-22
TATAMETALI Audited Results 13-Jul-22
TILAK Right Issue of Equity Shares 13-Jul-22

CORPORATE ACTION

A Infrastructure Ltd 12-Jul-22 Bonus issue 1:1
Avadh Sugar & Energy Ltd 12-Jul-22 Dividend – Rs. – 10.0000
REC Ltd 12-Jul-22 Final Dividend – Rs. – 4.8000
SESHASAYEE PAPER & BOARDS LTD. 12-Jul-22 Final Dividend – Rs. – 2.5000
STEEL EXCHANGE INDIA LTD. 12-Jul-22 Stock Split From Rs.10/- to Rs.1/-
Aditya Birla Sun Life AMC Ltd 13-Jul-22 Final Dividend – Rs. – 5.8500
ANG Lifesciences India Ltd 13-Jul-22 Bonus issue 1:4
ASM TECHNOLOGIES LTD. 13-Jul-22 Final Dividend – Rs. – 2.5000
Magadh Sugar & Energy Ltd 13-Jul-22 Dividend – Rs. – 6.5000
ORIENT BELL LIMITED-$ 13-Jul-22 Dividend – Rs. – 1.0000
POLYCHEM LTD. 13-Jul-22 Final Dividend – Rs. – 3.0000
Shankara Building Products Ltd 13-Jul-22 Final Dividend – Rs. – 1.0000
SHREE CEMENT LTD. 13-Jul-22 Final Dividend – Rs. – 45.0000
VST INDUSTRIES LTD. 13-Jul-22 Dividend – Rs. – 140.0000
WENDT (INDIA) LTD. 13-Jul-22 Final Dividend – Rs. – 45.0000
ADANI ENTERPRISES LTD. 14-Jul-22 Final Dividend – Rs. – 1.0000
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. 14-Jul-22 Final Dividend – Rs. – 5.0000
Apex Frozen Foods Ltd 14-Jul-22 Final Dividend – Rs. – 2.5000
ARIHANT CAPITAL MARKETS LTD. 14-Jul-22 Final Dividend – Rs. – 0.1500
ASHOK LEYLAND LTD. 14-Jul-22 Dividend – Rs. – 1.0000
Adani Total Gas Ltd 14-Jul-22 Final Dividend – Rs. – 0.2500
ATUL LTD. 14-Jul-22 Dividend – Rs. – 25.0000
BHARAT FORGE LTD. 14-Jul-22 Final Dividend – Rs. – 5.5000
B.N.RATHI SECURITIES LTD. 14-Jul-22 Dividend – Rs. – 1.0000
Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

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