Morning-Outlook-Feature-Image

Outlook

NIFTY:

NIFTY opened at 16933.25 wit ha gap up of 91 points. The index initially went down nearly 100 points, filled the gap, and recorded its intraday low at 16839.25. Prices found support there and then started moving on the upside. Minor dips were quickly bought into and the index kept on moving higher to record its intraday high at 17375. The index rose more than 500 points from its intraday lows to finally close at 17352.45 near its intraday high with a gap in of 509.65 points or 3.03% up. All the sectoral indices have closed wit h a gain of more than 2% today except PHARMA which gains 0.79%.AUTO,BANK, FINANCIAL,AND IT led the bulls today.

The short-term trend is sideways now and the volatility is very high since the Volatility Index ‘INOIA VIX’ is still moving above level 20. Trading in volatile markets almost always leaves us with a lot of whipsaws so we should avoid trading in such an environment. We should now wait for prices to stabilize and forma range. Till then avoid trading the index. The index recorded its recent swing highs around 17640.This level should act as a resistance. Back to back wide range days may lead the index to a few narrow and choppy days.

BANK NIFTY:

BANK NIFTY opened at 36989.80 with a gap up of 142 points. Prices initially moved down, filled the gap and recorded its intraday low 36651.85. Prices then started moving higher saw a sharp intraday rally of more than 100 points and recorded its intraday high at 38231.60. The index finally closed at 38152.85 with a gain of 1305 points. PSU and PVT BANKS both indices have performed almost same today, seen sharp intraday rally and closed higher by 3.99% & 3.26% respectively. Within the index, in terms of points, HDFC BANK contributed the highest followed by ICICI BANK.

The index recorded back-to- back wide range days that suggests next few days may be choppy and narrow. The short-term trend is sideways again while the support is visible around 36800. Resistance is visible around 39000.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
TITAN 2495 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 above 2500 with a stop loss of 2460 and for the target of 2580.
TECHM 1439 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 1442 with a stop loss of 1420 and target  of 1470.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
AARTIIND    940 CE BUY 25 CMP 16 40 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MUTHOOTFIN.Feb 24 1354.45 0.08 5.93 4032000 MANAPPURAM.Feb 24 127.4 -10.6 17.81 24129000
ESCORTS.Feb 24 1843.95 0.25 5.58 6986650 CIPLA.Feb 24 915.8 -3.74 44.3 13034450
TORNTPOWER.Feb 24 483.2 0.49 0.07 4305000 METROPOLIS.Feb 24 1986.7 -3.09 48.49 1010600
ICICIGI.Feb 24 1300 0.89 3.62 2978825 NMDC.Feb 24 144.05 -2.47 0.59 82644500
POWERGRID.Feb 24 199 1.02 10.65 36232402 ABB.Feb 24 2053.15 -2.1 13.97 287500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
LUPIN.Feb 24 767.7 0.62 -1.18 8607950 SUNTV.Feb 24 508.55 -1.23 -3.37 12231000
DIVISLAB.Feb 24 4333.95 1.09 -4.48 2597700
MCX.Feb 24 1391.15 1.24 -2.25 1943550
IGL.Feb 24 385.9 1.45 -0.09 18074375
TATACONSUM.Feb 24 703.5 1.47 -0.71 10434150

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Piind 2608.6 2.66 205578 0 74.8 Nifty 50 17352.45 3.03 78825
Hindustan Unilever Ltd 2290.1 2.76 1533069 0 74.78 Nifty Bank 38170.1 3.42 78825
Hdfc Bank Ltd. 1517.8 2.99 6567525 0 73.81 Nifty it 34913.3 3.05 78825
Infosys Limited 1738.25 3.33 4669914 0 71.59 Nifty Auto 11552.3 4.01 78828
Godrej Cons Products Ltd 813.75 1.75 2517040 0 71.33 Nifty Metal 5845.5 2.21 78828
Escorts India Ltd. 1840.7 0.07 655811 0 70.39 India Vix 20.61 -10.3 78825
Crompton Greaves Consume 380 2.76 6432331 0 68.57 Nifty Realty 450.7 3.04 78828
Hdfc Ltd. 2340.25 1.89 9153687 0 66.26 Nifty Fmcg 36438.7 2.18 78822
Icici Lombard General In 1295.1 0.73 739559 0 64.06 Nifty Media 2208 3.77 78828
Muthootfin 1354 -0.09 2079341 0 61.79 Nifty Pharma 13356.9 0.79 78828
Sun Pharma  Ltd 876.8 1.38 3219287 0 61.7 Nifty Financial Services 17584.45 3.08 78828

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: FX Reserves on 15th February, 2022 •USD: Core Retail Sales (MoM) (Jan)  on 16th February 2022

•USD: Crude Oil Inventories on 16th February 2022

NEWS UPDATES

  • India’s information technology sector is set to become a USD 227 billion industry in FY’22, registering a 15.5 per cent growth, industry body Nasscom said on Tuesday. The 15.5 per cent growth is the highest in over a decade and Nasscom’s president Debjani Ghosh termed it as a year of resurgence, after the one of resilience in the immediate aftermath of the pandemic. The industry revenues had grown by 2.3 per cent to USD 194 billion in FY21.
  • Cement maker ACC Ltd on Tuesday announced the commissioning of a 1.6-MTPA grinding unit (GU) at Tikaria in Uttar Pradesh. The additional capacity will add 1.6 MTPA (million tonnes per annum) of cement to the existing capacity of 2.31 MTPA, taking the total capacity at Tikaria at 3.91 MTPA, said the Holcim India group firm in a statement.
  • RailTel Corporation of India Limited, a CPSU under the Ministry of Railways, on Tuesday said its consolidated income rose to Rs 474.15 crore in the third quarter of 2021-22, posting Q-o-Q growth of 24.38 per cent. RailTel has posted a profit before tax (PBT) amounting to Rs 88.14 crore and profit after tax (PAT) of Rs 66.01 crore during the third quarter of Financial Year 2021-22 on a consolidated basis.
  • Life Insurance Corporation of India (LIC) has asked all its policyholders to update their Permanent Account Number (PAN) details in their policy record to be eligible for participating in its upcoming public issue, according to the draft red herring prospectus (DRHP). On February 13, the state-run insurer filed draft papers with capital market regulator Sebi for sale of 5 per cent stake by the government for an estimated Rs 63,000 crore.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
5PAISA General 16-Feb-22 NESTLEIND Audited Results;Final Dividend;Results 17-Feb-22
ANDHRAPET Interim Dividend 16-Feb-22 PRISMX Right Issue of Equity Shares 17-Feb-22
CENTERAC General 16-Feb-22 PSB Preferential Issue of shares 17-Feb-22
COMPUAGE General 16-Feb-22 VERITAS Quarterly Results 17-Feb-22
COVENTRY Quarterly Results 16-Feb-22 WANBURY Preferential Issue of shares 17-Feb-22
CREDITACC General 16-Feb-22 BALFC Stock  Split 18-Feb-22
FRANKLIN General 16-Feb-22 HATSUN General 18-Feb-22
OONE Quarterly Results 16-Feb-22 HUHTAMAKI Audited Results;Final Dividend 18-Feb-22
SCHAEFFLER Audited Results;Dividend 16-Feb-22 JOHNPHARMA Bonus issue 18-Feb-22
UHZAVERI Preferential Issue of shares 16-Feb-22 RELTD Issue Of Warrants 18-Feb-22
AMBUJACEM Quarterly Results 17-Feb-22 RSYSTEMINT Audited Results;General 18-Feb-22
HPCOTTON Issue Of Warrants;Preferential Issue 17-Feb-22 VIJAYTX Quarterly Results 18-Feb-22
INDRENEW Preferential Issue of shares 17-Feb-22 7NR Increase in Auth. Capital;Preferential Issue 19-Feb-22
KAPASHI General;Preferential Issue of shares 17-Feb-22 ADVIKLA General 19-Feb-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AVTNPL 16-Feb-22 Interim Dividend – Rs. – 0.4000 AEGISLOG 17-Feb-22 Interim Dividend – Rs. – 2.0000
BCLENTERPR 16-Feb-22 E.G.M. ANUPAM 17-Feb-22 Bonus issue 1:10
DATAINFRA 16-Feb-22 General CAMS 17-Feb-22 Interim Dividend – Rs. – 10.7500
ENGINERSIN 16-Feb-22 Interim Dividend – Rs. – 2.0000 ESABINDIA 17-Feb-22 Interim Dividend – Rs. – 18.0000
MINDAIND 16-Feb-22 Interim Dividend – Rs. – 0.5000 FDC 17-Feb-22 Buy Back of Shares
POWERGRID 16-Feb-22 Interim Dividend – Rs. – 5.5000 FSL 17-Feb-22 Interim Dividend – Rs. – 3.5000

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