Morning-Outlook-Feature-Image

Morning-outlook-17june

NIFTY:

Nifty opened at 15832.25 With a big gap up of 140 points. The index tried to hold onto its early morning gains but failed to do so and moved down after recording its intraday high at 15863.15. The decline continued for the rest of the day and minor rallies in between quickly fizzled out. Prices have recorded its intraday low at 15335.10 towards the end of today’s trading session. The index finally closed at 15360.60 near its intraday low with a loss of 331.55 points or 2.11% down. All the sectoral indices have closed lower today. All the sectoral indices have closed lower today. Metal was the worst hit and ended more than 5% lower. FMCG fell the least and ended half percent lower.

A gap-up opening did not sustain today. It was a trend day today but, on the downside, where prices have recorded its intraday high near the opening tick and intraday low near the closing tick. The short-term trend is down and the NIFTY hit the 52-week low today. A wide range day today may result in a few narrow and choppy days. We should avoid trading for the next couple of days.

BANK NIFTY:

Bank Nifty opened at33648.80 With a big gap up of 318 points. The index tried to hold onto its early morning gains but failed to do so. The index recorded its intraday high at 33756.50 and then started moving down. Prices have consolidated for a brief amount of time in the afternoon that eventually broke on the downside and the index kept on falling to record its intraday low at 32537.95. Prices have finally closed at 32573.80 with a loss of 757 points and ended with a loss of 2.70% & 2.39% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the downside followed by kotakbank where prices have recorded its intraday high near the opening tick and intraday low near the closing tick. A narrow range day yesterday resulted in a wide down day. The short-term trend is down and bank nifty today makes 52 week low at 32537.95

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
INDUS TOWER 206.50 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 204 and for the target of 210.
POLYCAB 2135 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 2130 with a stop loss of 2160 and target of 2080.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HDFCBANK 1280 PE BUY 31.45 CMP 25 50 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDUSTOWER.22 Jun 204.2 0.17 12.34 16772000 STAR.22.06 Jun 296.25 -9.13 2.32 3298500
DABUR.22.06 Jun 497.9 0.31 2.41 13345000 VEDL.22.06 Jun 267.6 -8.15 1.18 45932700
NESTLEIND.22.06 Jun 16876 0.41 5.89 434300 CHAMBLFERT.22.06 Jun 296.5 -7.4 9.5 3441000
COFORGE.22.06 Jun 3293.3 0.53 8.27 706900 HINDALCO.22.06 Jun 334 -6.9 3.36 43922350
CROMPTON.22.06 Jun 319.05 0.81 1.94 3703700 TATASTEEL.22.06 Jun 900.4 -6.16 5.03 26436275
                                                                        Short Covering                                                                       Long Unwinding
RBLBANK.22.06 Jun 81.55 -8.47 -3.74 48119700
DELTACORP.22.06 Jun 163.8 -7.33 -0.73 14724600
JINDALSTEL.22.06 Jun 325.3 -6.98 -0.9 36113750
IBULHSGFIN.22.06 Jun 96.6 -5.11 -3.98 27946500
IDEA.22.06 Jun 8.4 -5.08 -0.02 6.22E+08

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Crompton Greaves Consume 318.05 0.52 1852663 0 78.4 Nifty50 15360.6 -2.11 76533
Gujarat State Petronet l 224.3 -4.31 526847 0 70.25 Niftybank 32617.1 -2.17 76533
Ambuja Cements Ltd 359.4 -0.7 2939887 0 69.99 Nifty it 27136.45 -2.43 76533
Muthootfin 1034.7 -0.75 510251 0 69.58 India Vix 22.87 3.24 76533
Sbi Life Insurance Compa 1105.15 -1.83 1385136 0 69.28 Nifty Fmcg 36621.15 -0.57 76530
Hdfc Life Insurance Comp 570.55 -1.59 2366283 0 65.69 Nifty Pharma 12066.65 -1.59 76530
Colgate Palmolive (india 1514.65 -0.13 273678 0 64.79 Nifty Realty 377.7 -2.8 76530
Alkem 3051.35 -1.6 63785 0 64.58 Nifty Auto 10956.6 -2.23 76530
Marico Limited 484.8 -1.82 1289736 0 63.86 Nifty Metal 4721.3 -5.24 76530
Dr. Reddys Lab Ltd 4287.5 -1.11 350007 0 62.78 Nifty Financial Services 15002 -2.16 76533

UPCOMING ECONOMIC DATA

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

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

•USD:   Fed Chair Powell Speaks on 17th June, 2022

•USD:   Industrial Production (MoM) (May)  on 17th June, 2022

NEWS UPDATES

  • Jaguar Land Rover (JLR) faces headwinds due to lockdowns in China for Covid-19, as the UK subsidiary of Tata Motors battles global supply chain issues caused by the war in Ukraine and difficult macroeconomic conditions. These problems may impact JLR financially in FY23, Tata Motors said in its annual report.

  • Tata Power company plans to buy coal worth some Rs 12,000 crore from its Indonesian miner this financial year, saying the deal will give it the fuel without “interruptions”. The company owns a 30 per cent stake in the mine and as the order will be a related party transaction, it has sought its shareholders’ approval in the forthcoming meeting after its audit committee cleared the agreement. The coal is priced at an arm’s length basis.

  • IRB Infrastructure Developers Ltd on Thursday said its special purpose vehicle and wholly-owned subsidiary Meerut Budaun Expressway Pvt Ltd has achieved the financial closure for the Rs 6,538-crore project in Uttar Pradesh. The Ganga Expressway Group 1 is a greenfield project to be carried out under Build, Operate and Transfer (BOT) mode.

  • Indian private equity (PE) investments reached $70 billion in 2021 in more than 2,000 deals — an 87 per cent increase over the volumes in 2022, a new report showed on Thursday. Indian investments grew by 96 per cent over 2020 (excluding the mega deals of Jio Platforms and Reliance Retail). Much of the deal activity was in consumer tech and IT/ITES sectors.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AANANDALAK General 17-Jun-22 SUPREMEINF Audited Results;General 17-Jun-22
AROMAENT General;Quarterly Results 17-Jun-22 SURYVANSP General 17-Jun-22
GALACTICO General 17-Jun-22 VEGETABLE Preferential Issue of shares;General 17-Jun-22
INDINFO General 17-Jun-22 ABVL General 18-Jun-22
JRFOODS Audited Results 17-Jun-22 BINNY General 18-Jun-22
MAYUKH General 17-Jun-22 CLARA General 18-Jun-22
RELTD A.G.M.;General 17-Jun-22 GALACTICO Bonus issue;General 18-Jun-22
SANGAMIND Employees Stock Option Plan 17-Jun-22 GTV General 18-Jun-22
SHESHAINDS General 17-Jun-22 GUJCMDS General 18-Jun-22
STARHFL Preferential Issue of shares;General 17-Jun-22 HILTON General 18-Jun-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AVANTEL 17-Jun-22 Bonus issue 3:1 BLISSGVS 20-Jun-22 Final Dividend – Rs. – 0.5000
BANKBARODA 17-Jun-22 Dividend – Rs. – 2.8500 BRITANNIA 20-Jun-22 Final Dividend – Rs. – 56.5000
DIAMINESQ 17-Jun-22 Final Dividend – Rs. – 3.0000 MAHABANK 20-Jun-22 Dividend – Rs. – 0.5000
KKALPANAIND 17-Jun-22 E.G.M. MORARKFI 20-Jun-22 Dividend – Rs. – 4.0000
MOL 17-Jun-22 Final Dividend – Rs. – 1.4000 RBL 20-Jun-22 Dividend – Rs. – 20.0000
MPSLTD 17-Jun-22 Final Dividend – Rs. – 30.0000 SRD 20-Jun-22 E.G.M.
PLASTIBLEN 17-Jun-22 Dividend – Rs. – 4.0000 BALAMINES 21-Jun-22 Final Dividend – Rs. – 6.0000
ADVAIT 20-Jun-22 Final Dividend – Rs. – 1.0000 BEPL 21-Jun-22 Final Dividend – Rs. – 1.0000
ATFL 20-Jun-22 Final Dividend – Rs. – 3.0000 GOLKUNDIA 21-Jun-22 Final Dividend – Rs. – 1.5000
BALFC 20-Jun-22 Bonus issue 1:1 NELCO 21-Jun-22 Dividend – Rs. – 1.8000
BHARATSE 20-Jun-22 Dividend – Rs. – 0.8000 PANCARBON 21-Jun-22 Dividend – Rs. – 12.0000

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