The NIFTY opened at 18398.25 without much of a gap. The index initially moved lower and then found intraday support around 18350. Prices have bounced up afterwards. A rally took prices above 18400 and prices found intraday resistance around 18450. The index could not cross this resistance and turn down after recording its intraday high at 18442.15. A deadline brought prices below the early morning low but again found support there and recorded its intraday low at 18344.15. The index finally closed at 18409.65 with a gain of 6.25 points or 0.03% up. BANK, FINANCIAL and IT outperformed today and ended with minor gains. REALLY underperformed today and closed lower by more than 1%. FMCG continued ending on a flat note. As we have mentioned, the short-term trend is up and there is no doubt about it as prices are trading near the swing highs. However, the index is locked inside a narrow range for the past four trading days. A narrow trading range is now visible inside 18250 – 18450. This 200 points range is very narrow so it may break very soon. Volatility is very low despite a sharp spike today as the INDIA VIX, a benchmark index for volatility, is now moving around level 15. Traders should look for a buying opportunity on a breakout above 18500 or sell short on a breakdown below 18200. Keep a stop of 80 points and a target of 240 points from your entry price. In case of a gap apply the first 15-minute rule.
The BANK NIFTY opened at 42371.80 with a gap down of just 59 points. The index moved further down and soon found support. Prices have bounced up sharply after recording its intraday low at 42296.30. The index went above 42500 and recorded its intraday high at 42611.75. Prices then moved sideways and finally closed at 42498.95 with a gain of 68 points. PVT and PSU BANKS both performed almost the same today, saw an upside move, and finally closed with a gain of 0.26% & 0.29% respectively. Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while FEDERAL BANK contributed the lowest. BANK NIFTY a gain ended almost on a flat note with minor gains. Moreover, the index continued trading narrowly. The intraday movement was a gain very volatile. The short-term trend is up and the index has continued recording lifetime new highs but failed to move higher with strong momentum. For the past four trading days, the index is hovering inside a narrow range of almost 700 points. This narrow range suggests a sharp move is about to come. Traders should look for a buying opportunity above 42700 or a shorting opportunity below 42000. Keep a stop of 300 points and a target of 1200 points. In case of a gap apply the first 15 minutes rule.
|LT||2003.6||BUY||The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 1995 and a target of 2020.|
|IBULHSGFIN||124.25||SELL||The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold at 123.80 with a stop loss of 129.3 and a target of 112.95.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|HAL.22.11 Nov||2668||5.99||8.81||4147700||METROPOLIS.22.11 Nov||1444||-7.76||46.52||967500|
|KOTAKBANK.22.11 Nov||1970.3||2.5||0.95||22612800||APOLLOTYRE.22.11 Nov||277.45||-7.39||26.35||20727000|
|HONAUT.22.11 Nov||40190||1.56||3.17||26340||AARTIIND.22.11 Nov||671.2||-5.36||54.17||2402100|
|BEL.22.11 Nov||109.15||1.39||2.65||79845600||SAIL.22.11 Nov||82.7||-4.67||0.66||94932000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|COALINDIA.22.11 Nov||236.1||1.18||-5.28||31714200||IBULHSGFIN.22.11 Nov||123.9||-7.4||-2.25||36912000|
|MPHASIS.22.11 Nov||2040.55||0.79||-1.59||2062725||RAIN.22.11 Nov||174.6||-3.8||-0.77||10776500|
|PNB.22.11 Nov||44.4||0.68||-1.63||224192000||GSPL.22.11 Nov||245.05||-3.6||-0.43||5815000|
|ABFRL.22.11 Nov||316.65||0.64||-1.56||12142000||MFSL.22.11 Nov||655||-3.49||-1.96||2562950|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Aeronautics Li||2681.15||6.28||4971448||0||0||Nifty50||18409.65||0.03||83787|
|Kotak Mahindra Bank Limi||1965.9||2.8||6437651||0||0||Niftybank||42535.3||0.38||83787|
|Honeywell Auto India Ltd||40048.5||1.77||5796||0||0||Nifty it||29951.5||0.29||83787|
|Dalmia Bharat Limited||1707.85||1.68||578329||0||0||India Vix||15.1||3.14||83787|
|Amara Raja Batt Ltd||637.25||1.63||2587883||0||0||Nifty Fmcg||43910.3||0||83787|
|Balrampur Chini Mills||352.8||1.51||6049786||0||0||Nifty Pharma||12998.5||-0.29||83787|
|Lic Housing Finance Ltd||380.7||1.47||3529955||0||0||Nifty Realty||448.15||-1.03||83787|
|Tvs Motor Company Limite||1118.5||1.39||2034541||0||0||Nifty Auto||13105.95||-0.38||83787|
|Crompton Greaves Consume||371.65||1.27||1578294||0||0||Nifty Metal||6461.6||-1.94||83787|
|Coalindia||234.9||1.18||9764275||0||0||Nifty Financial Services||19148.35||0.34||83787|
UPCOMING ECONOMIC DATA
|INR: Deposit Growth on 18th November, 2022
INR: FX Reserves, USD on 18th November, 2022
| USD: Initial Jobless Claims on 17th November, 2022
USD: Building Permits (Oct) on 17th November, 2022
- Indian benchmark indices ended on flat note in the volatile session on November 16.At Close, the Sensex was up 107.73 points or 0.17% at 61,980.72, and the Nifty was up 6.30 points or 0.03% at 18,409.70. About 1394 shares have advanced, 2011 shares declined, and 115 shares are unchanged.
- Keystone Realtors, which runs the real estate brand Rustomjee, had a muted response for its initial public offering even on its final day of bidding on November 16. The issue has received bids for 1.71 crore shares against an IPO size of 86.47 lakh shares, subscribing 1.99 times on Wednesday.
- Bikaji Foods International Ltd. listed at Rs 321.05 apiece on the BSE Ltd., a premium of 7.05% to its IPO price of Rs 300 apiece. On the National Stock Exchange of India Ltd., the stock debuted at Rs 324.60, a 8.20% premium.
- India’s financials are positioned positively compared to other Asian emerging markets such as Korea and Taiwan, Jonathan Garner, Chief Asia and Emerging Market equity strategist at Morgan Stanley, said in an interview with CNBC-TV18.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Meeting Date||Company Name||Purpose||Meeting Date|
|FEDDERELEC||Quarterly Results||17-Nov-22||TRL||Issue Of Warrants;General||18-Nov-22|
|FISCHER||General;Quarterly Results||17-Nov-22||VKAL||Quarterly Results||18-Nov-22|
|RONI||Right Issue of Equity Shares;General||17-Nov-22||RHIM||General;Preferential Issue of shares||19-Nov-22|
|SEACOAST||General||17-Nov-22||ARIHANTINS||Half Yearly Results||21-Nov-22|
|ALAN SCOTT||Right Issue of Equity Shares||18-Nov-22||COSPOWER||Half Yearly Results;General||21-Nov-22|
|BRFL||Quarterly Results||18-Nov-22||UNIWSEC||Quarterly Results||21-Nov-22|
|FRONTFN||Quarterly Results||18-Nov-22||SIEMENS||Audited Results;Final Dividend||22-Nov-22|
|INDINFO||Right Issue of Equity Shares||18-Nov-22||TRINITYLEA||Preferential Issue of shares||22-Nov-22|
|JAYSHREETEA||General;Scheme of Arrangement||18-Nov-22||MDRNTHR-B||Quarterly Results||23-Nov-22|
|KHYATI||Reduction of Capital||18-Nov-22||VEERHEALTH||Preferential Issue of shares||23-Nov-22|
|OONE||General;Quarterly Results||18-Nov-22||7NR||Scheme of Arrangement||25-Nov-22|
|RAMASTEEL||Bonus issue;General||18-Nov-22||WANBURY||Quarterly Results||28-Nov-22|
|SDBL||Interim Dividend;General||18-Nov-22||ICL||Stock Split||30-Nov-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|BAYERCROP||17-Nov-22||Interim Dividend – Rs. – 100.0000||EASEMYTRIP||21-Nov-22||Stock Split From Rs.2/- to Rs.1/-|
|DHANUKA||17-Nov-22||Buy Back of Shares||MAZDOCK||21-Nov-22||Interim Dividend – Rs. – 9.1000|
|ESSENTIA||17-Nov-22||Right Issue of Equity Shares||NATCOPHARM||21-Nov-22||Interim Dividend – Rs. – 0.7500|
|GABRIEL||17-Nov-22||Interim Dividend – Rs. – 0.9000||OIL||21-Nov-22||Interim Dividend – Rs. – 4.5000|
|IRFC||17-Nov-22||Interim Dividend – Rs. – 0.8000||ONGC||21-Nov-22||Interim Dividend – Rs. – 6.7500|
|MRF||17-Nov-22||Interim Dividend – Rs. – 3.0000||PETRONET||21-Nov-22||Special Dividend – Rs. – 7.0000|
|ORIENTCQ||17-Nov-22||Interim Dividend – Rs. – 7.0000||PRAVEG||21-Nov-22||Final Dividend – Rs. – 4.0000|
|PAGEIND||17-Nov-22||Interim Dividend – Rs. – 70.0000||TIDEWATER||21-Nov-22||Interim Dividend – Rs. – 12.0000|
|PDSL||17-Nov-22||Interim Dividend – Rs. – 2.5000||ASMTEC||22-Nov-22||Interim Dividend – Rs. – 1.0000|
|QUESS||17-Nov-22||Interim Dividend – Rs. – 8.0000||CONCOR||22-Nov-22||Interim Dividend – Rs. – 3.0000|
|RITES||17-Nov-22||Interim Dividend – Rs. – 4.5000||EIDPARRY||22-Nov-22||Interim Dividend – Rs. – 5.5000|
|SAKSOFT||17-Nov-22||Interim Dividend – Rs. – 0.3500||GESHIP||22-Nov-22||Interim Dividend – Rs. – 7.2000|
|SUNDRMFAST||17-Nov-22||Interim Dividend – Rs. – 3.5700||IPCALAB||22-Nov-22||Interim Dividend – Rs. – 4.0000|
|SUNDRMFAST||17-Nov-22||Special Dividend – Rs. – 2.0000||MANAPPURAM||22-Nov-22||Interim Dividend – Rs. – 0.7500|
|VIDHIING||17-Nov-22||Interim Dividend – Rs. – 0.4000||MORGANITE||22-Nov-22||Interim Dividend – Rs. – 9.0000|
|ASTRAL||18-Nov-22||Interim Dividend – Rs. – 1.2500||PGIL||22-Nov-22||Interim Dividend – Rs. – 2.5000|
|BARTRONICS||18-Nov-22||Resolution Plan -Suspension||HINDZINC||23-Nov-22||Interim Dividend|
|DATAINFRA||18-Nov-22||Income Distribution (InvIT)||INDTONER||23-Nov-22||Interim Dividend – Rs. – 3.5000|
|EMAMILTD||18-Nov-22||Interim Dividend – Rs. – 4.0000||MAHSEAMLES||23-Nov-22||Bonus issue 1:1|
|ESABINDIA||18-Nov-22||Interim Dividend – Rs. – 30.0000||MINDTREE||23-Nov-22||Amalgamation|
|GPPL||18-Nov-22||Interim Dividend – Rs. – 2.7000||PANAMAPET||23-Nov-22||Interim Dividend – Rs. – 3.0000|
|HAL||18-Nov-22||Interim Dividend – Rs. – 20.0000||BHARATFORG||24-Nov-22||Interim Dividend – Rs. – 1.5000|
|INDAG||18-Nov-22||Interim Dividend – Rs. – 0.9000||CUPID||24-Nov-22||Interim Dividend – Rs. – 2.0000|
|LAOPALA||18-Nov-22||Interim Dividend – Rs. – 2.0000||DIAMINESQ||24-Nov-22||Interim Dividend – Rs. – 3.0000|
|MAANALU||18-Nov-22||Interim Dividend – Rs. – 1.0000||JMFINANCIL||24-Nov-22||Interim Dividend – Rs. – 0.9000|
|MINDSPACE||18-Nov-22||Income Distribution RITES||PFC||24-Nov-22||Interim Dividend – Rs. – 3.0000|
|MSTC||18-Nov-22||Interim Dividend – Rs. – 5.5000||POLYPLEX||24-Nov-22||Interim Dividend – Rs. – 20.0000|
|NAUKRI||18-Nov-22||Interim Dividend – Rs. – 10.0000||POLYPLEX||24-Nov-22||Special Dividend – Rs. – 35.0000|
|ORBTEXP||18-Nov-22||Buy Back of Shares||ABANSENT||25-Nov-22||Interim Dividend – Rs. – 0.1000|
|PPAP||18-Nov-22||Interim Dividend – Rs. – 1.0000||DEVIT||25-Nov-22||Stock Split From Rs.10/- to Rs.5/-|
|STANCAP||18-Nov-22||E.G.M.||GOLECHA||25-Nov-22||Interim Dividend – Rs. – 1.0000|
|SUNTV||18-Nov-22||Interim Dividend – Rs. – 3.7500||MAFATIND||25-Nov-22||Stock Split From Rs.10/- to Rs.2/-|
|VENUSPIPES||18-Nov-22||Interim Dividend – Rs. – 0.5000||MANAKSIA||25-Nov-22||Interim Dividend – Rs. – 3.0000|
|MANINFRA||21-Nov-22||Interim Dividend – Rs. – 0.9000||NILE||25-Nov-22||Interim Dividend – Rs. – 2.0000|
|3MINDIA||21-Nov-22||Special Dividend – Rs. – 850.0000||PREMCO||25-Nov-22||Interim Dividend – Rs. – 2.0000|
|BALKRISIND||21-Nov-22||Interim Dividend – Rs. – 4.0000||FAMILYCARE||28-Nov-22||Interim Dividend – Rs. – 0.0500|
|BELLACASA||21-Nov-22||Interim Dividend – Rs. – 0.7000||ALSTONE||29-Nov-22||E.G.M.|
|COCHINSHIP||21-Nov-22||Interim Dividend – Rs. – 7.0000||CHANDRAP||30-Nov-22||Stock Split From Rs.10/- to Rs.2/-|
|EASEMYTRIP||21-Nov-22||Bonus issue 3:1||PANCHSHEEL||05-Dec-22||Interim Dividend – Rs. – 0.8000|
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