Morning-Outlook-Feature-Image
Outlook-16-12-2021

NIFTY:

NIFTY opened at 17323.65 without much of a gap. The index recorded its intraday high at 17351.20 within the first five minutes of trading and then moved down. A sharp decline of almost 150 points within the first one and half hours of trading brought prices to its intraday low at 17192.20.The index then consolidated in the afternoon and then went up again. The rally fizzled out quickly and prices have seen another round of selling in the last one hour of trading and finally closed at 17221.40 with a loss of 103.50points or 0.60% down. All the sectoral indices have closed lower today except the AUTO that ended with a gain of 0.49%.The REALTY, MEDIA, METAL, and IT have led the bears today and ended lower by more than 1%.

The long-term trend is sideways while the long-term momentum bounced up from the weak zone and is now heading towards the strength zone. The Intermediate trend is sideways which was down before while the intermediate momentum has moved down from the strength zone. Both the momentums are now contradicting each other suggesting confusion amongst the traders. We should wait for them to come into sync.

BANK NIFTY:

BANK NIFTY opened at 36929.50 with a gap up of just 36 points. The index first moved down and then finds support. Prices then moved up, recovered from all the loses and recorded its intraday high at 37083.50. Prices then again moved down and then moved up and again down to record its intraday low at 36743.20.The index finally closed at 36767.50 with a loss of just 126 points. PSU BANKS have continued its underperformance and closed with a loss of 1.35%. With the index, in terms of points, KOTAK BANK contributed the highest while FEDERAL BANK contributed the lowest.

The short-term trend is sideways and randomness in the index remain intact. A large trading range is visible inside 35500 – 37500.These are also the recent swing low and swing high levels. Inside these boundaries We should prefer trading only on an intraday basis.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
APOLLOTYRE 215 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 214 with a stop loss of 220 and for the target of 205.
PIIIND 3087 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 3100 with a stop loss of 3060 and target  of 3200.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DEEPAKNTR 2400 BUY 54 CMP 30 80 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ASTRAL.Dec 30 2254.95 -0.02 -2.42 577225 IEX.Dec 30 263.3 -6.1 21.08 35685000
JKCEMENT.Dec 30 3477.55 -0.16 -0.2 175000 POLYCAB.Dec 30 2468.6 -3.6 0.4 672900
MRF.Dec 30 74225 -0.17 -0.64 66670 M&MFIN.Dec 30 157.65 -3.37 1.81 24812000
HAL.Dec 30 1288.15 -0.42 -0.95 2860450 GUJGASLTD.Dec 30 647.65 -3.07 4.25 2268750
ESCORTS.Dec 30 1851.1 -0.49 -0.54 6114900 BAJFINANCE.Dec 30 6883 -3.06 9.96 4403500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SRF.Dec 30 2166.95 0.14 -0.8 3408125 PFIZER.Dec 30 4990 -4.13 -3.61 213625
UBL.Dec 30 1591.2 0.19 -0.46 1222900 GSPL.Dec 30 308.55 -3.59 -3.56 1521500
LALPATHLAB.Dec 30 3508.15 0.32 -0.84 514625 OFSS.Dec 30 4200 -2.88 -0.2 626250
INDHOTEL.Dec 30 199.8 0.33 -0.99 12415914 OBEROIRLTY.Dec 30 865 -2.81 -0.4 3281600
METROPOLIS.Dec 30 3295.2 0.66 -0.49 603800 CUMMINSIND.Dec 30 941.7 -2.79 -4.25 1404600

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Sbi Card 897.3 -0.55 3156296 0 77.94 Nifty 50 17221.4 -0.6 91602
Infosys Limited 1734.2 -1.02 3053149 0 71.36 Nifty Bank 36789.55 -0.28 91605
Icici Lombard General In 1400.5 -2.4 704620 0 70.91 Nifty it 35737.2 -1.01 91605
Tata Consultancy Serv Lt 3570.35 -1.47 1603233 0 69.65 India Vix 17.22 1.59 91605
Colgate Palmolive (india 1449 -0.68 547677 0 68.81 Nifty Fmcg 37424.65 -0.58 91608
Nippon Life India Asset 355.15 -1.26 753087 0 68.4 Nifty Auto 11026 0.49 91608
Kotak Mahindra Bank Limi 1867.4 1.47 5305747 0 68.27 Nifty Pharma 13512.05 -0.47 91608
Marico Limited 513.3 -0.34 1205823 0 67.75 Nifty Realty 499.6 -1.89 91608
Hindustan Unilever Ltd 2320.95 0.11 755122 0 67.73 Nifty Metal 5604.1 -1.11 91608
Dabur India Ltd. 573.3 -1.05 929113 0 67.59 Nifty Media 2432.95 -1.35 91608

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 17th December, 2021

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

•USD: Building Permits (Nov) on 16th December, 2021

•USD: Initial Jobless Claims on 16th December, 2021

NEWS UPDATES

  • TVS Motor Company on Wednesday and BMW Motorrad on Wednesday announced expansion of their long standing partnership to include joint development of new platforms and future technologies, including electric vehicles. Under the extended scope of partnership, the companies plan to come up with electric vehicle platform in addition to the existing internal combustion platform for both global and domestic markets.

  • Telecom major Reliance Jio and Meta (formerly Facebook) on Wednesday said Jio users will soon be able to recharge their subscription using WhatsApp. Speaking at Meta’s Fuel for India 2021 event, Jio Platforms Ltd Director Akash Ambani said Jio and Meta teams are working closely to open more avenues of collaboration.

  • The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday has approved an incentive scheme to promote RuPayDebit cards and low-value (up to Rs 2,000) BHIM-UPI transactions in the country. Under the scheme, the acquiring banks will be incentivised by the Government, by way of paying percentage of value of transactions (P2M) done through RuPay Debit cards and low-value BHIM-UPI modes of payments, at an estimated financial outlay of Rs 1,300 crore for a period of one year w.e.f. April 1, 2021.

  • India’s Reliance Industries Ltd, operator of the world’s biggest refining complex at Jamnagar in Western India, aims to get the first cargo of oil from its new Abu Dhabi-based trading unit in December, a source familiar with the matter said. Billionaire Mukesh Ambani-backed Reliance group in October announced plans to set up Reliance International Ltd (RINL) to trade in crude oil, petroleum, petrochemical products and agricultural commodities.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
EASEMYTRIP General 16-Dec-21 TIRUSTA Preferential Issue of shares;General 17-Dec-21
GBGLOBAL General 16-Dec-21 HAZOOR Preferential Issue of shares 18-Dec-21
KINGSINFR General 16-Dec-21 HILTON Issue Of Warrants 18-Dec-21
ALPHALOGIC Increase in Authorised Cap. ;Pref. Issue 17-Dec-21 HIPOLIN General 18-Dec-21
AMARJOTHI General 17-Dec-21 INDINFO Increase in Authorised Capital;General 18-Dec-21
AURUM Right Issue of Equity Shares;General 17-Dec-21 JPOLYINVST Voluntary Delisting of Shares 18-Dec-21
DUKEOFS General 17-Dec-21 VASINFRA General 18-Dec-21
MOLDTKPAC General 17-Dec-21 VINCOFE Preferential Issue of shares 18-Dec-21
PARSHVA Bonus issue;General 17-Dec-21 ANERI General 20-Dec-21
QGO General 17-Dec-21 CRPRISK Audited Results;Half Yearly Results 20-Dec-21
REGENTRP General 17-Dec-21 GNRL General 20-Dec-21
RRMETAL General 17-Dec-21 HIGHSTREE General 20-Dec-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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
KKCL 16-Dec-21 Bonus issue 4:1 IFINSEC 22-Dec-21 E.G.M.

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