Morning-Outlook-Feature-Image

morning-outlook-16june

NIFTY:

Nifty opened at 15729.25 without much of a gap. The index initially went up and then quickly went down. Prices find support around 15700 and again went up The rally faces strong resistance before reaching around 15800 and then went into a process of consolidation. The index recorded its intraday high at 15783.65 and broke on the downside. A decline brought prices below its early morning low and recorded an intraday low at 15678.90 towards the end of today’s trading session. The index finally closed at 15692.15 with a loss of 39.95 points or 0.25% down. METAL and OIL GAS led the bears today and ended with a loss of nearly 1% while AUTO led the Bulls today and ended with a gain of nearly 1%.BANK ended on a flat note.

This pattern represents contraction which could lead prices into a phase of expansion. Tomorrow, we should take a trade in the direction of a breakout. The idea is to wait till 09:30 AM and then look for a buying opportunity above 15800 or sell short below 15600.

BANK NIFTY:

Bank Nifty opened at 33317.80 without much of a gap. The index initially consolidated and then went down to record its intraday low at 33249.55. Prices then bounced up and saw a sharp intraday rally and then went into a process of consolidation. Prices fell again after recording its intraday high at 33554.55 and came close to its day low. The index finally closed at 33330 without much of a change. PSU and PVT BANKS both indices have performed almost the same today, saw a minor intraday decline, and ended with a loss of 0.38%& 0.10%.Within the index, in terms of points, AU BANK contributed the highest on the upside while HDFC BANK contributed the lowest.

Prices have recorded a pattern of Inside Day with NR7. These patterns represent contraction and the next move should be an expansion. Tomorrow, we should look for a trading opportunity in the direction of a breakout.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
DEEPAKNTR 1852 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 1830 and for the target of  1900.
ONGC 151.40 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 151 with a stop loss of 153 and target of 145.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SUNPHARMA 820 PE BUY 18.50 CMP 12 30 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDEA.22.06 Jun 8.8 0 0.01 6.25E+08 TATACOMM.22.06 Jun 876.6 -4.7 11.78 3860800
LTI.22.06 Jun 4164.5 0.03 4.09 1432800 ONGC.22.06 Jun 151.5 -3.13 0.52 38673250
GODREJPROP.22.06 Jun 1244.95 0.05 1.3 4227275 TATACHEM.22.06 Jun 872.3 -2.88 7.01 4504000
TATACONSUM.22 Jun 738.7 0.08 1 7761825 APOLLOTYRE.22.06 Jun 179.5 -2.23 7.11 11832500
VEDL.22.06 Jun 291.65 0.12 1.64 46991350 SUNTV.22.06 Jun 412.1 -2.01 7.29 12691500
                                                                        Short Covering                                                                       Long Unwinding
PNB.22.06 Jun 29.35 0 -0.19 2.2E+08 DELTACORP.22.06 Jun 174.4 -5.27 -0.31 15002900
SHREECEM.22.06 Jun 19200 0.05 -0.52 281750 GRANULES.22.06 Jun 256.65 -1.42 -0.1 8061550
BANKNIFTY.22.06 Jun 33405 0.08 -0.97 2693350 CUMMINSIND.22.06 Jun 993.1 -0.73 -0.18 1309800
ACC.22.06 Jun 2123.55 0.09 -0.08 3170500 IBULHSGFIN.22.06 Jun 101.05 -0.59 -3.6 29555400
AARTIIND.22.06 Jun 710.7 0.18 -0.24 3930400 ADANIENT.22.06 Jun 2184.85 -0.49 -0.17 21342000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Page Industries Limited 40971.95 2.43 29681 0 76.96 Nifty50 15692.15 -0.25 75339
Ipca Laboratories Ltd. 877.5 1.37 165579 0 70.41 Niftybank 33339 0.08 75339
Crompton Greaves Consume 316.4 -0.33 2006891 0 69.84 Nifty it 27812.45 -0.5 75339
Sun Pharma  Ltd 822.3 -0.33 2008717 0 68.74 India Vix 22.15 1.19 75339
Indus Towers Limited 206.15 2.36 4482015 0 67.07 Nifty Fmcg 36830.9 -0.45 75339
Tata Consultancy Serv Lt 3206.3 -0.13 1404489 0 66.67 Nifty Pharma 12261.35 0.35 75339
Whirlpool 1512.35 0.3 52864 0 65.61 Nifty Realty 388.6 -0.61 75339
Infosys Limited 1422.2 -1.27 4651416 0 65.52 Nifty Auto 11206.75 0.92 75339
Hdfc Life Insurance Comp 579.75 1.28 2601453 0 65.35 Nifty Metal 4982.3 -0.72 75339
Hindustan Unilever Ltd 2146.55 -1.13 1432365 0 64.87 Nifty Financial Services 15333.3 0.27 75339

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  Bank Loan and Deposit Growth on 17th June, 2022

INR:  FX Reserves, USD on 17th June, 2022

•USD:   Building Permits (May) on 16th June, 2022

•USD:   Initial Jobless Claims  on 16th June, 2022

NEWS UPDATES

  • Yes Bank will seek shareholders’ approval next month to raise debt capital of Rs 10,000 crore through various modes on private placement basis. The bank’s annual general meeting is scheduled for July 15, 2022. “For enabling the bank to evaluate a potential fund raising at an appropriate time, the board of directors seek approval from members of the bank for borrowing/raising funds in Indian/foreign currency by issue of debt securities up to Rs 10,000 crore,” Yes Bank said in a regulatory filing.

  • Hero MotoCorp-backed electric two-wheeler maker Ather Energy is in talks with several state governments to set up a new manufacturing facility in the country, according to sources.

  • JSW Steel crude steel production in May on a standalone basis jumped 31 per cent to 17.89 lakh tonnes, the company said on Wednesday. The crude steel output in May of FY’21 was 13.67 lakh tonnes. The flagship company of the USD 22 billion JSW Group stated that production of flat-rolled products also expanded by 29 per cent to 12.84 lakh tonnes for the month compared to 9.99 lakh tonnes in the same month last fiscal.

  • The Adani Group has gained the most in terms of value in the six months to April 2022, with a 88.1 per cent jump to Rs 17.6 lakh crore, a report said on Wednesday. In comparison, billionaire Mukesh Ambani’s Reliance Industries — which houses nearly all its ventures — saw a 13.4 per cent rise in value to Rs 18.87 lakh crore, which helped it retain the top rankings in Burgundy Private Hurun India 500 rankings.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADROITINFO A.G.M. 16-Jun-22 AANANDALAK General 17-Jun-22
AETHER Audited Results;Quarterly Results 16-Jun-22 AROMAENT Audited Results;General;Quarterly Results 17-Jun-22
APIS Results;Dividend on Preference Shares 16-Jun-22 GALACTICO General 17-Jun-22
CONTCHM General 16-Jun-22 INDINFO General 17-Jun-22
INDOWIND Audited Results;General 16-Jun-22 JRFOODS Audited Results 17-Jun-22
INDSUCR Audited Results 16-Jun-22 MAYUKH General 17-Jun-22
RPIL General 16-Jun-22 RELTD A.G.M.;General 17-Jun-22
SERA General 16-Jun-22 SANGAMIND Employees Stock Option Plan 17-Jun-22
SETCO General;Quarterly Results 16-Jun-22 SHESHAINDS General 17-Jun-22
UDAYJEW General 16-Jun-22 STARHFL General;Preferential Issue of shares 17-Jun-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AJANTSOY 16-Jun-22 Stock  Split From Rs.10/- to Rs.2/- VIMTALABS 16-Jun-22 Dividend – Rs. – 2.0000
APOLLOTYRE 16-Jun-22 Dividend – Rs. – 3.2500 VTMLTD 16-Jun-22 Dividend – Rs. – 0.9000
CIGNITI* 16-Jun-22 Final Dividend – Rs. – 2.5000 XPROINDIA 16-Jun-22 Dividend – Rs. – 2.0000
COSMOFILMS 16-Jun-22 Bonus issue 1:2 AVANTEL 17-Jun-22 Bonus issue 3:1
DUTRON 16-Jun-22 Final Dividend – Rs. – 1.4000 BANKBARODA 17-Jun-22 Dividend – Rs. – 2.8500
EIMCOELECO 16-Jun-22 Dividend – Rs. – 2.5000 DIAMINESQ 17-Jun-22 Final Dividend – Rs. – 3.0000
GALACTICO 16-Jun-22 Bonus issue 3:10 KKALPANAIND 17-Jun-22 E.G.M.
GALACTICO 16-Jun-22 Stock  Split From Rs.10/- to Rs.1/- MOL 17-Jun-22 Final Dividend – Rs. – 1.4000
ICICIPRULI 16-Jun-22 Dividend – Rs. – 0.5500 MPSLTD 17-Jun-22 Final Dividend – Rs. – 30.0000
RISHIROOP 16-Jun-22 Final Dividend – Rs. – 1.5000 PLASTIBLEN 17-Jun-22 Dividend – Rs. – 4.0000
SKPSEC 16-Jun-22 Bonus issue 1:1 ADVAIT 20-Jun-22 Final Dividend – Rs. – 1.0000

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