Morning-Outlook-Feature-Image

Morning-outlook-16may

NIFTY:

Nifty opened at15977 with a big gap up of 169 points. The index first tried to fill the gap and moved down. However, prices found support and then rallied higher. The index recorded its intraday high at 16083.60 in the afternoon and then found strong resistance there. Prices have then started drifting downwards and erasing all the gains. The gap was tiIled and the index moved further down to record its intraday low at 15740.85. Prices have finally closed at 15782.15 with a loss of25.85 points or 0.16% down. METAL led the bears today and closed w it h a loss of more than 2% followed by the BANK and FINANCIAL. AUTO led the bulls today and closed with a loss of more than 2% followed by the FMCG and PHARMA.

Prices have seen a down move of more than 2200 points which is more than 12% from its swing highs around 18100 recorded at the beginning of April month. A bearish pattern of lower highs and lower lows is clearly visible. But prices have moved very randomly. First, the gaps were very random one day up and another day down. Second, the Intraday movement was also very volatile. Sharp and sudden moves keep on coming in both directions.

BANK NIFTY:

Bank Nifty opened at 33925.95 wit h a big gap up of 366 points. The index first moved down, found support, and then rallied to record its intraday high at 34002.20.Prices faces strong resistance there and started drifting downwards. A sharp decline brought the index to its intraday low at 33007.90 and prices finally closed at 33086.35 with a loss of 473 points. PVT BANKS have underperformed today and closed lower by 0.75%. PSU BANKS have outperformed today and ended wit h a gain of just 0.04%.Within the index, in terms of points, AU BANK contributed the highest on the upside while ICICI BANK contributed the lowest.

On the weekly timeframe chart, the index is closing lower for the last five consecutive weeks. The index came close to its previous swing low at 32155.35. If this low hold, then we may see a process of consolidation.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
SUNPHARMA 882 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 875 and for the target of  900.
AXISBANK 635 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 635 with a stop loss of 642 and target of 620.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INFY 1500 PE BUY 32 CMP 25 50 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ESCORTS.May 26 1554.7 0.05 2.35 3523300 GNFC.May 26 617.95 -9.77 23.41 4893200
ABCAPITAL.May 26 99.8 0.05 4.98 21313600 INDUSTOWER.May 26 183.05 -9.45 12.28 16618000
PIDILITIND.May 26 2119.9 0.08 0.36 3142250 HONAUT.May 26 34019.85 -7.91 25.64 8820
TCS.May 26 3400.5 0.08 0.46 8318400 VEDL.May 26 292.85 -6.53 2.79 42084050
BOSCHLTD.May 26 13124.1 0.16 3.16 122600 SBIN.May 26 438.75 -4.59 5.97 59629500
                                                                        Short Covering                                                                       Long Unwinding
DALBHARAT.May 26 1405.5 0.1 -1.26 1255750 OFSS.May 26 3225.85 -8.01 -7.85 280250
BEL.May 26 219.05 0.14 -1.85 30795200 CHAMBLFERT.May 26 391.45 -4.98 -7.15 1830000
MARICO.May 26 500.6 0.16 -2.11 8138000 GSPL.May 26 249.4 -4.55 -3.65 2153900
DELTACORP.May 26 222.3 0.18 -0.79 14170300 ACC.May 26 2110.65 -3.2 -3.98 2336500
INDUSINDBK.May 26 871.35 0.2 -0.36 24825600 SBICARD.May 26 714.75 -2.9 -1.08 6863500

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1504.4 -0.29 6723761 4266241 68.46 Nifty50 15782.15 -0.16 39158509
Mah & Mah Ltd. 889.5 2.8 4956950 3342114 67.71 Niftybank 33121.35 -1.23 18569281
Hdfc Ltd. 2132.95 -0.81 4905109 3191909 66.8 Nifty it 29624.85 -0.44 1167667
Bharti Airtel Limited 689.9 -2.2 11938252 7792196 66.04 India Vix 23.48 -3.22 2.61E+08
Alkem 2905.75 -1.68 476396 237327 63.85 Nifty Fmcg 36887.15 1.84 589360
Larsen & Toubro Limited 1534.5 0.55 4328846 2235594 63.23 Nifty Pharma 12629.5 1.65 49279315
Sbi Life Insurance Compa 1044.95 -1.48 1108831 533492 62.73 Nifty Realty 384.45 -0.27 1.6E+09
Power Grid Corporation o 236.3 0.17 11305915 6195650 62.44 Nifty Auto 10412.35 2.44 59695902
Nestleind 16402.95 1.13 55439 29797 61.97 Nifty Metal 5313.05 -2.08 1.15E+08
Kotak Mahindra Bank Limi 1779.55 1.06 2737022 1671279 61.96 Nifty Financial Services 15291.7 -1.26 6509952

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: WPI Inflation (YoY) (Apr) on 17th May, 2022 •USD: Retail Sales (MoM) (Apr) on 17th May 2022

•USD: Industrial Production (YoY) (Apr)on 17th May, 2022

NEWS UPDATES

  • Maruti Suzuki India (MSI) has lined up Rs 5,000 crore capex for various initiatives, including new product launches, for the current financial year, according to a senior company official. The country’s top carmaker, which had earmarked around Rs 4,500 crore in FY22, also believes that parent Suzuki Motor Corp’s investment in Gujarat would help in expanding its battery electric vehicles (BEV) range in the country.
  • Prices of home appliances and consumer electronics, including TV, washing machines, and refrigerators, are expected to go up by 3 to 5 per cent from May end or the first week of June as manufacturers pass on the impact of rising input costs to buyers, according to industry players. Moreover, the depreciating Indian rupee against the US dollar has put further woes on manufacturers as imported components have become costlier, with the industry largely being dependent on imports for key components.
  • Tata Motors % has increased its capital expenditure by 30% or Rs 9000 crore or 900 million pounds in FY-23 hoping to extend a strong recovery path after the pandemic and buoyed by hopes of the supply chain scenario improving. Tata Motors will be making its highest ever domestic investment of Rs 6000 crore in the current financial year to fund expansion of portfolio of capacity across all its businesses – commercial vehicle, passenger vehicles and electric vehicles under both businesses
  • Vodafone Idea (Vi) has added active mobile users in March 2022 — the first time since erstwhile Vodafone India and Idea Cellular merged nearly four years ago. Vi saw active subscriber net adds of 0.2 million in March, the first positive net-add month, post-merger.
Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ALICON Audited Results;Final Dividend 16-May-22 PDSL Audited Results;Final Dividend;General 16-May-22
AMIORG Audited Results;Final Dividend 16-May-22 RANEENGINE Audited Results 16-May-22
BHARATFORG Audited Results;Final Dividend 16-May-22 RATEGAIN Audited Results 16-May-22
BLUECLOUDS Audited Results;Quarterly Results 16-May-22 RAYMOND Audited Results;Final Dividend 16-May-22
CENTURYPLY Audited Results;Final Dividend;General 16-May-22 SAGARSOFT Audited Results;Dividend;ESOP 16-May-22
CESL Scheme of Arrangement 16-May-22 SHRMFGC Audited Results;General 16-May-22
DODLA Audited Results 16-May-22 STCORP A.G.M. 16-May-22
FINOPB Audited Results 16-May-22 STEELXIND A.G.M.;General;Stock  Split 16-May-22
FREDUN Audited Results;Final Dividend 16-May-22 STURDY Audited Results;General 16-May-22
GOLKUNDIA Audited Results 16-May-22 SURYAAMBA Audited Results 16-May-22
GREENPLY Audited Results;Final Dividend 16-May-22 SYTIXSE Audited Results 16-May-22
GRMOVER Audited Results;Interim Dividend 16-May-22 UTTAMSUGAR Audited Results;Final Dividend 16-May-22
IPOWER Audited Results 16-May-22 VINYLINDIA Audited Results;Dividend 16-May-22
MAXVIL Audited Results 16-May-22 VIPIND Audited Results 16-May-22
MCX Audited Results;Dividend 16-May-22 VIPPYSP Audited Results 16-May-22
MPFSL Audited Results;General 16-May-22 VISHNU Audited Results;Final Dividend;General 16-May-22
NATURAL Audited Results 16-May-22 WINSOMTX Audited Results 16-May-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GESHIP* 17-May-22 Interim Dividend – Rs. – 5.4000 TANAA 19-May-22 Interim Dividend
MINDSPACE 17-May-22 Income Distribution RITES THINKINK 19-May-22 Interim Dividend – Rs. – 0.1000
AVANTEL 18-May-22 Final Dividend – Rs. – 4.0000 KKCL 20-May-22 Interim Dividend – Rs. – 5.0000
GARMNTMNTR 18-May-22 Stock  Split From Rs.10/- to Rs.1/- LATIMMETAL 20-May-22 Stock  Split From Rs.10/- to Rs.1/-
JETFREIGHT 19-May-22 Stock  Split From Rs.10/- to Rs.5/- TRENT 20-May-22 Final Dividend – Rs. – 1.1000
SINDHUTRAD 19-May-22 Bonus issue 2:1 ANGELONE 23-May-22 Final Dividend – Rs. – 2.2500

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