Morning-Outlook-Feature-Image

morning-outlook-15june

NIFTY:

Nifty opened at 15674.25 with a gap down of 100 points. The index initially went up and quickly turned down. Prices have recorded its intraday low around 15659.45 and taken a U-Turn. Prices have seen a sharp rally of nearly 200 points and face strong resistance around 15850.The index recorded its intraday high at 15858 and then turned down. The index has seen almost an equal down move when compared to the early morning rally and finally closed at 15732.10 with a loss of 42.30 points or 0.27% down. OIL GAS led the bears today and ended with a loss of more than 1% while REAL1Y led the Bulls today and ended with a gain of nearly 1%. IT METAL and PHARMA also did well today and ended with gains. The short-term trend is down and the current decline brought prices to a swing low recorded at 15671in March 2022.Prices have been holding this level so far .If the index breaks and closes below this level then we may see further weak ness in the markets. 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:

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. That consolidation continued for the rest of the day, prices have recorded its intraday low at 34346.65 and finally closed at 33441.70 with 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.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
M&M 1019 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 1009 and for the target of  1040.
POLYCAB 2151 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 2150 with a stop loss of 2170 and target of 2110.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATA MOTOR 410 CE BUY 12.25 CMP 8 20 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ZYDUSLIFE.22.06 Jun 352.55 0.01 0.45 10729400 HINDPETRO.22.06 Jun 214.5 -5.55 9.97 22418100
NESTLEIND.22.06 Jun 16858.05 0.04 0.75 421200 BAJAJ-AUTO.22.06 Jun 3529.7 -5.47 18.29 2812250
ASTRAL.22.06 Jun 1636 0.04 2.88 765325 POLYCAB.22.06 Jun 2138 -3.84 19.36 782400
GUJGASLTD.22.06 Jun 444.6 0.11 0.17 5302500 METROPOLIS.22.06 Jun 1446 -3.73 9.47 1013000
ALKEM.22.06 Jun 3049.95 0.15 5.5 226400 IBULHSGFIN.22.06 Jun 102.15 -3.04 15.21 37541000
                                                                        Short Covering                                                                       Long Unwinding
TITAN.22.06 Jun 2102.25 0.02 -0.48 5880375 IDFC.22.06 Jun 45.65 -2.35 -0.41 96900000
CONCOR.22.06 Jun 643.2 0.16 -0.17 6462400 UBL.22.06 Jun 1461.9 -2.31 -1.09 1147650
ITC.22.06 Jun 266.1 0.26 -0.15 83577600 ONGC.22.06 Jun 156.55 -2.03 -0.67 41880300
HDFCAMC.22.06 Jun 1824.1 0.34 -2.09 3721800 PIIND.22.06 Jun 2546.05 -1.93 -0.62 1678000
INDIACEM.22.06 Jun 158.95 0.38 -0.21 10901100 IEX.22.06 Jun 176.25 -0.82 -0.04 40530000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
United Breweries Limited 1459.35 -2.26 472442 0 72.58 Nifty50 15732.1 -0.27 73797
Tata Consultancy Serv Lt 3210.55 -0.28 2611241 0 70.55 Niftybank 33311.35 -0.28 73797
Icici Lombard General In 1145.8 2.86 1312542 0 70.07 Nifty it 27953.35 0.14 73797
Infosys Limited 1440.55 1.13 6089996 0 67.45 India Vix 18.95 -15.25 73797
Hcl Technologies Ltd. 996.9 0.51 2461251 0 65.4 Nifty Fmcg 36999.15 -0.21 73797
Icici Bank Ltd. 685.5 -0.36 13348446 0 65.12 Nifty Pharma 12218.5 0.22 73797
Hdfc Bank Ltd. 1312 -1.1 5934762 0 64.89 Nifty Realty 391 0.81 73797
Hdfc Ltd. 2109.5 -0.89 3631809 0 63.81 Nifty Auto 11104.15 -0.55 73797
Nestleind 16871.45 0.1 66074 0 63.46 Nifty Metal 5018.3 0.37 73797
Mah & Mah Ltd. 1019.25 1.49 3614252 0 63 Nifty Financial Services 15292.15 -0.42 73797

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  M3 Money Supply on 15th June, 2022 •USD:   Crude Oil Inventories on 15th June, 2022

•USD:   Fed Interest Rate Decision  on 15th June, 2022

NEWS UPDATES

  • Anti-trust regulator Competition Commission of India (CCI) on Tuesday said it has approved acquisition of entire shareholding in AirAsia India by Air India, a wholly-owned subsidiary of Tata Sons. “The proposed combination relates to the acquisition of the entire equity share capital of AirAsia India Private Limited by Air India Ltd- an indirect wholly-owned subsidiary of Tata Sons Private Limited (TSPL). At present, TSPL holds 83.67 per cent of the equity share capital of Air Asia India,” stated the filed notice with CCI.

  • The auction for the overseas media rights of the Indian Premier League (IPL), bunched under package D, has been completed, informed sources say. This package had Zee vying for it, given its presence in international markets. However, the winner’s name will be revealed once the e-auction process concludes. Attention now is on the digital rights of a special group of matches called package C. This group includes the opening game, final match, three play-offs and weekend double headers, a total of 18-20 of the best matches each season for the next five years.

  • Two- and three-wheeler major Bajaj Auto on Tuesday informed stock exchanges that its board has deferred the stock buyback proposal. The company last went for share buyback in 2000, when shareholders approved the buyback of up to 18 million equity shares at a price of Rs 400 each.

  • Fitch Ratings on Tuesday said the Reserve Bank is likely to raise interest rates further to 5.9 per cent by December 2022, on deteriorating inflation outlook. In its update to Global Economic Outlook, Fitch said India’s economy faces a worsening external environment, elevated commodity prices, and tighter global monetary policy.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AMALGAM A.G.M.;General 15-Jun-22 ADROITINFO A.G.M. 16-Jun-22
GUJARATPOLY General 15-Jun-22 AETHER Audited Results;Quarterly Results 16-Jun-22
IOB General 15-Jun-22 APIS Results;Dividend on Preference Shares 16-Jun-22
KUMPFIN A.G.M. 15-Jun-22 CONTCHM General 16-Jun-22
LLOYDSME General 15-Jun-22 INDOWIND Audited Results;General 16-Jun-22
NDMETAL General 15-Jun-22 INDSUCR Audited Results 16-Jun-22
RCIIND Audited Results 15-Jun-22 RPIL General 16-Jun-22
STELLAR Audited Results 15-Jun-22 SERA General 16-Jun-22
VIVANZA A.G.M. 15-Jun-22 SETCO Results;General;Quarterly Results 16-Jun-22
YAARI General 15-Jun-22 UDAYJEW General 16-Jun-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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
NEWGEN 15-Jun-22 Dividend – Rs. – 4.5000 COSMOFILMS 16-Jun-22 Bonus issue 1:2
SABOOSOD 15-Jun-22 Right Issue of Equity Shares DUTRON 16-Jun-22 Final Dividend – Rs. – 1.4000
SONATSOFTW 15-Jun-22 Final Dividend – Rs. – 13.0000 EIMCOELECO 16-Jun-22 Dividend – Rs. – 2.5000
TATACHEM 15-Jun-22 Final Dividend – Rs. – 12.5000 GALACTICO 16-Jun-22 Bonus issue 3:10
TATAELXSI 15-Jun-22 Final Dividend – Rs. – 42.5000 GALACTICO 16-Jun-22 Stock  Split From Rs.10/- to Rs.1/-
TATAPOWER 15-Jun-22 Final Dividend – Rs. – 1.7500 ICICIPRULI 16-Jun-22 Dividend – Rs. – 0.5500

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