NIFTY:
The NIFTY opened at 18376.40 with a minor gap up of just 27 points. The index initially moved higher but failed to sustain there and drifted downwards. Prices have recorded its intraday high at 18399.45 and saw a sharp intraday fall with minor rallies in between. The index recorded its intraday low at 18311 and then rallied higher. The up move fizzled out and prices moved down again in the last hour of trading and finally closed at 18329.15 near its daily lows with a loss of 20.55 points or 0.11% down. MITAL and REALTY outperformed today by closing over 1% gains. MEDIA underperformed today by closing 2.40% lower followed by FMCG which ended with a loss of 1.35%. Moreover, the index recorded two NR 7 Patterns in a row. The pattern indicated contraction which may lead prices to a phase of expansion. We may see a sharp move here soon. Traders should look for a trading opportunity tomorrow on an intraday basis only. Wait till 09:30 AM and then buy above the high recorded or sell short below the low recorded. Keep a stop of 80 points and a target of 140 points from your entry price. Close this trade before the market closes.
BANK NIFTY:
The BANK NIFTY opened at 42177.55 without much of a gap. The index started moving downwards after the opening tick and went below 42000. Prices have consolidated around that level recorded its intraday low at 41965.45, and then broke on the upside. The index has seen a sharp intraday rally, recorded its intraday high at 42231.45, and then moved down. Prices have finally dosed at 42072.70 with a loss of 82 points. PSU BANKS have underperformed today and closed lower with a loss of 0.60%. PVT BANKS moved sideways today and ended without much of a change. Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while ICICIBANK contributed the lowest. The short-term trend is up. We have been waiting for a follow-through today and that did not come. However, today’s narrow movement has given us a trading opportunity for tomorrow on an intraday basis only. Wait till 09:30 AM and then buy above the high recorded or sell short below the low recorded. Keep a stop of 250 points and a target of 450 points from your entry price. Close this trade before the market closes.
TECHNICAL PICKS
COMPANY NAME | CMP | B/S | RATIONALE |
EXIDE IND | 179.3 | BUY | The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 177.2 and a target of 183. |
ICICI BANK | 894.95 | BUY | The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold at CMP with a stop loss of 896 and a target of 888. |
DERIVATIVE PICKS
Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
DLF | 410 CE | BUY | 8.85 | CMP | 5.40 | 15 | BREAKOUT |
Long Buildup | Short Buildup | ||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI |
NAUKRI.22.11 Nov | 4361 | 5.81 | 10.89 | 1880875 | SUNTV.22.11 Nov | 500.15 | -8.89 | 25.36 | 11079000 |
HINDALCO.22.11 Nov | 456.05 | 5.47 | 15.78 | 30591275 | BHEL.22.11 Nov | 71.25 | -4.75 | 19.67 | 128404500 |
EXIDEIND.22.11 Nov | 180.3 | 5.01 | 7.6 | 26859600 | BHARATFORG.22.11 Nov | 844.5 | -4.12 | 17.06 | 9148000 |
GSPL.22.11 Nov | 245 | 4.75 | 9.42 | 5112500 | ABB.22.11 Nov | 3036 | -3.99 | 13.95 | 1758000 |
GLENMARK.22.11 Nov | 432.65 | 4.2 | 4.68 | 7851050 | DRREDDY.22.11 Nov | 4384.15 | -3.77 | 6.95 | 2183500 |
Short Covering | Long Unwinding | ||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI |
MANAPURAM2211Nov | 116.25 | 6.55 | -5.61 | 38898000 | INDIAMART.22.11 Nov | 4642.7 | -3.59 | -2.32 | 252150 |
LALPATHLAB.22.11 Nov | 2473.55 | 6.51 | -6.71 | 1090750 | M&MFIN.22.11 Nov | 216.9 | -2.52 | -1.98 | 20788000 |
AMBUJACEM.22.11Nov | 584 | 4.14 | -0.41 | 70282800 | CUB.22.11 Nov | 186.05 | -2.44 | -0.72 | 9025000 |
OBEROIRLTY.22.11 Nov | 923.75 | 3.43 | -0.71 | 6035400 | PNB.22.11 Nov | 43.9 | -2.12 | -0.53 | 233728000 |
ASHOKLEY.22.11 Nov | 153.35 | 3.13 | -0.29 | 74915000 | NESTLEIND.22.11 Nov | 20118 | -1.44 | -0.89 | 235320 |
TOP DELIVERY PERCENTAGE
Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | |||
Sectors | Price | Change % | Quantity | ||||||
Icici Prudential Life In | 485.6 | -0.61 | 1661259 | 0 | 79.44 | Nifty50 | 18329.15 | -0.11 | 83388 |
Honeywell Auto India Ltd | 38873.9 | 0.5 | 3929 | 0 | 74.53 | Niftybank | 42076.75 | -0.14 | 83388 |
Kotak Mahindra Bank Limi | 1922.8 | 1.25 | 2142267 | 0 | 70.56 | Nifty it | 29849.3 | 0.87 | 83388 |
Power Grid Corporation o | 211.35 | -1.26 | 13845647 | 0 | 69.35 | India Vix | 14.91 | 3.54 | 83388 |
Icici Bank Ltd. | 894.95 | -1.28 | 12641308 | 0 | 69.17 | Nifty Fmcg | 43919.15 | -1.35 | 83388 |
Voltas Ltd. | 822.9 | -0.74 | 1195575 | 0 | 68.34 | Nifty Pharma | 13019.85 | 0.03 | 83388 |
Ntpc Limited | 171.45 | 0 | 10224241 | 0 | 68.19 | Nifty Realty | 453.3 | 1.13 | 83391 |
Hindustan Unilever Ltd | 2457.8 | -1.81 | 2137131 | 0 | 68.02 | Nifty Auto | 13071.4 | 0.23 | 83391 |
United Breweries Limited | 1690.1 | 0.65 | 380847 | 0 | 66.68 | Nifty Metal | 6558.5 | 1.73 | 83391 |
Sbi Life Insurance Compa | 1248.6 | -0.13 | 772676 | 0 | 65.08 | Nifty Financial Services | 18970.85 | -0.19 | 83391 |
UPCOMING ECONOMIC DATA
Domestic International | |
INR: Trade Balance on 15th November, 2022
INR: FX Reserves, USD 18th November, 2022 |
USD: PPI (MoM) (Oct) on 15th November, 2022
USD: Retail Sales (MoM) (Oct) on 16th November, 2022 |
NEWS UPDATES
- Benchmark indices ended in the red amid volatility on November 14.At Close, the Sensex was down 170.89 points or 0.28% at 61,624.15, and the Nifty was down 20.50 points or 0.11% at 18,329.20. About 1662 shares have advanced, 1851 shares declined, and 141 shares are unchanged.
- India’s inflation based on the Wholesale Price Index (WPI) crashed to a 19-month low of 8.39 percent in October, data released by the commerce ministry showed on November 14
- Shares of MedPlus Health Ltd. gained the most since listing after Credit Suisse upgraded its rating to ‘outperform’ citing strong network expansion.
- Kaynes Technology India has received healthy response for its initial public offering with investors picking up 35.39 crore shares against an offer size of 1.04 crore, subscribing 33.8 times on November 14, the final day of bidding
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
Company Name | Purpose | Meeting Date | Company Name | Purpose | Meeting Date |
ASYL | Quarterly Results | 15-Nov-22 | SHAHLON | Quarterly Results | 15-Nov-22 |
BHANDERI | Half Yearly Results | 15-Nov-22 | SSPNFIN | Half Yearly Results | 15-Nov-22 |
CANOPYFIN | Amalgamation;General | 15-Nov-22 | HINDZINC | Interim Dividend | 16-Nov-22 |
CONSTRONIC | Quarterly Results | 15-Nov-22 | PHRMASI | Voluntary Delisting of Shares | 16-Nov-22 |
DWL | General | 15-Nov-22 | RCCEMEN | Quarterly Results | 16-Nov-22 |
HANMAN | Half Yearly Results | 15-Nov-22 | FISCHER | General;Quarterly Results | 17-Nov-22 |
HARIGOV | Quarterly Results | 15-Nov-22 | POOJA | General | 17-Nov-22 |
HASJUICE | General | 15-Nov-22 | RONI | Right Issue of Equity Shares;General | 17-Nov-22 |
LEENEE | Quarterly Results | 15-Nov-22 | SEACOAST | General | 17-Nov-22 |
LLOYDSME | General | 15-Nov-22 | JAYSHREETEA | General;Scheme of Arrangement | 18-Nov-22 |
MRCAGRO | Half Yearly Results | 15-Nov-22 | KHYATI | Reduction of Capital | 18-Nov-22 |
NETPIX | Half Yearly Results | 15-Nov-22 | SELLWIN | General | 18-Nov-22 |
NINSYS | Half Yearly Results;General | 15-Nov-22 | 7NR | Scheme of Arrangement | 25-Nov-22 |
RAJESHEXPO | Quarterly Results | 15-Nov-22 | WANBURY | Quarterly Results | 28-Nov-22 |
RELSTRUCT | Half Yearly Results | 15-Nov-22 | ESHAMEDIA | A.G.M. | 12-Dec-22 |
RSTL | Half Yearly Results;General | 15-Nov-22 | COFORGE | Interim Dividend;Quarterly Results | 20-Jan-23 |
CORPORATE ACTION
Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
AEGISLOG | 15-Nov-22 | Interim Dividend – Rs. – 2.0000 | MAANALU | 18-Nov-22 | Interim Dividend – Rs. – 1.0000 |
AMARAJABAT | 15-Nov-22 | Interim Dividend – Rs. – 2.9000 | MINDSPACE | 18-Nov-22 | Income Distribution RITES |
BIRET | 15-Nov-22 | Income Distribution RITES | MSTC | 18-Nov-22 | Interim Dividend – Rs. – 5.5000 |
COALINDIA | 15-Nov-22 | Interim Dividend – Rs. – 15.0000 | NAUKRI | 18-Nov-22 | Interim Dividend – Rs. – 10.0000 |
GLOSTERLTD | 15-Nov-22 | Interim Dividend – Rs. – 50.0000 | ORBTEXP | 18-Nov-22 | Buy Back of Shares |
INDIGRID | 15-Nov-22 | Income Distribution (InvIT) | PPAP | 18-Nov-22 | Interim Dividend |
MODIS | 15-Nov-22 | Bonus issue 3:1 | STANCAP | 18-Nov-22 | E.G.M. |
PGHL | 15-Nov-22 | Final Dividend – Rs. – 11.5000 | SUNTV | 18-Nov-22 | Interim Dividend – Rs. – 3.7500 |
BHAGCHEM | 16-Nov-22 | Interim Dividend – Rs. – 1.0000 | VENUSPIPES | 18-Nov-22 | Interim Dividend – Rs. – 0.5000 |
CAMS | 16-Nov-22 | Interim Dividend – Rs. – 8.5000 | MANINFRA | 21-Nov-22 | Interim Dividend – Rs. – 0.9000 |
MSUMI | 16-Nov-22 | Bonus issue 2:5 | 3MINDIA | 21-Nov-22 | Special Dividend – Rs. – 850.0000 |
PRESSURS | 16-Nov-22 | Stock Split From Rs.10/- to Rs.1/- | BALKRISIND | 21-Nov-22 | Interim Dividend |
QGO | 16-Nov-22 | Interim Dividend – Rs. – 0.1000 | BELLACASA | 21-Nov-22 | Interim Dividend – Rs. – 0.7000 |
BAYERCROP | 17-Nov-22 | Interim Dividend – Rs. – 100.0000 | COCHINSHIP | 21-Nov-22 | Interim Dividend – Rs. – 7.0000 |
DHANUKA | 17-Nov-22 | Buy Back of Shares | EASEMYTRIP | 21-Nov-22 | Bonus issue 3:1 |
GABRIEL | 17-Nov-22 | Interim Dividend – Rs. – 0.9000 | EASEMYTRIP | 21-Nov-22 | Stock Split From Rs.2/- to Rs.1/- |
IRFC | 17-Nov-22 | Interim Dividend | MAZDOCK | 21-Nov-22 | Interim Dividend – Rs. – 9.1000 |
MRF | 17-Nov-22 | Interim Dividend – Rs. – 3.0000 | NATCOPHARM | 21-Nov-22 | Interim Dividend – Rs. – 0.7500 |
ORIENTCQ | 17-Nov-22 | Interim Dividend – Rs. – 7.0000 | OIL | 21-Nov-22 | Interim Dividend – Rs. – 4.5000 |
PAGEIND | 17-Nov-22 | Interim Dividend – Rs. – 70.0000 | ONGC | 21-Nov-22 | Interim Dividend |
PDSL | 17-Nov-22 | Interim Dividend – Rs. – 2.5000 | PRAVEG | 21-Nov-22 | Final Dividend – Rs. – 4.0000 |
QUESS | 17-Nov-22 | Interim Dividend – Rs. – 8.0000 | TIDEWATER | 21-Nov-22 | Interim Dividend |
RITES | 17-Nov-22 | Interim Dividend – Rs. – 4.5000 | ASMTEC | 22-Nov-22 | Interim Dividend – Rs. – 1.0000 |
SAKSOFT | 17-Nov-22 | Interim Dividend – Rs. – 0.3500 | CONCOR | 22-Nov-22 | Interim Dividend – Rs. – 3.0000 |
SUNDRMFAST | 17-Nov-22 | Interim Dividend – Rs. – 3.5700 | EIDPARRY | 22-Nov-22 | Interim Dividend – Rs. – 5.5000 |
SUNDRMFAST | 17-Nov-22 | Special Dividend – Rs. – 2.0000 | GESHIP | 22-Nov-22 | Interim Dividend – Rs. – 7.2000 |
VIDHIING | 17-Nov-22 | Interim Dividend – Rs. – 0.4000 | IPCALAB | 22-Nov-22 | Interim Dividend – Rs. – 4.0000 |
ASTRAL | 18-Nov-22 | Interim Dividend – Rs. – 1.2500 | MORGANITE | 22-Nov-22 | Interim Dividend – Rs. – 9.0000 |
BARTRONICS | 18-Nov-22 | Resolution Plan -Suspension | PGIL | 22-Nov-22 | Interim Dividend – Rs. – 2.5000 |
DATAINFRA | 18-Nov-22 | Income Distribution (InvIT) | HINDZINC | 23-Nov-22 | Interim Dividend |
EMAMILTD | 18-Nov-22 | Interim Dividend – Rs. – 4.0000 | INDTONER | 23-Nov-22 | Interim Dividend – Rs. – 3.5000 |
ESABINDIA | 18-Nov-22 | Interim Dividend – Rs. – 30.0000 | PFC | 24-Nov-22 | Interim Dividend – Rs. – 3.0000 |
GPPL | 18-Nov-22 | Interim Dividend – Rs. – 2.7000 | MANAKSIA | 25-Nov-22 | Interim Dividend – Rs. – 3.0000 |
HAL | 18-Nov-22 | Interim Dividend – Rs. – 20.0000 | NILE | 25-Nov-22 | Interim Dividend – Rs. – 2.0000 |
INDAG | 18-Nov-22 | Interim Dividend – Rs. – 0.9000 | PREMCO | 25-Nov-22 | Interim Dividend – Rs. – 2.0000 |
LAOPALA | 18-Nov-22 | Interim Dividend – Rs. – 2.0000 | ALSTONE | 29-Nov-22 | E.G.M. |
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