Morning-Outlook-Feature-Image

morning-outlook-18april

NIFTY:

Nifty opened at 17599.90 with a gap up of 69 points. The index continued its strong momentum and rallied further to record its intraday high at  17663.65. Prices took a U-turn from that high and saw a sharp decline. The index kept on sliding downwards. Minor consolidation in between broke on the down side. The index recorded its intraday low at 17457.40 and finally closed at 17475.65 with a loss of 54.65 points or 0.31%down.

OIL GAS, METAL, and FMCG sectors have outperformed today and ended with a gain of more than half a percent. BANK, FINANCIAL, and AUTO underperformed today and ended with a loss.

NIFTY has closed with loss. the index broke down a narrow trading range today prices have seen a follow through on the downside confirming the breakdown. The short-term trend is sideways while the bias is more on the down side. We have a long weekend ahead and the market will be open next week on Monday. We will plan our trade according to Monday’s price movement.

BANK NIFTY:

Bank Nifty opened at 37887.30 with a gap up of 140 points. The index recorded its intraday high at 37988.60 within the first 5 minutes of trading and then started moving on the downside. Prices have kept on drifting downwards throughout the day, recorded its intraday low at 37408.20 and finally closed at 37439.80 with a loss of 308 points.

PSU BANKS have outperformed today, saw a minor rally and ended with a gain of 0.16%.PVT BANKS have underperformed today and closed with a loss of 0.87%. Within the index, in terms of points, SBIN contributed the highest while HDFC BANK contributed the lowest.

We should take a trade in the direction of a breakout. Buy above 38000 or sell short below 37300. Keep a stop of 300 points and a target of 1100 points from your entry price. In case of a gap, apply the first 15 minutes rule. That means buy above the first 15 minutes of high(in case of a gap up above 38000) or sell short below the first 15 minutes of low (in case of a gap down below 37300).

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
HAVELLS 1273 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 1260 and for the target of  1310.
ZEEL 279 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 278 with a stop loss of 282 and target of 270.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ONGC 175 CE BUY 2.60 CMP .60 5 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDIACEM.Apr 28 226.05 0.04 0.34 14502900 BALRAMCHIN.Apr 28 484.9 -3.4 1.63 7772800
COALINDIA.Apr 28 186.9 0.24 2.76 36640800 INDIAMART.Apr 28 4874.55 -2.57 3.24 294075
OBEROIRLTY.Apr 28 1002.15 0.33 6.38 4250400 HDFC.Apr 28 2386.9 -2.02 1.65 22226100
PAGEIND.Apr 28 44997.25 0.38 0.82 81330 SUNTV.Apr 28 510.15 -2.02 0.18 12784500
INFY.Apr 28 1755.1 0.43 1.39 35168400 HDFCBANK.Apr 28 1472.6 -1.94 2.35 53159700
                                                                        Short Covering                                                                       Long Unwinding
AUBANK.Apr 28 1400.4 0.02 -1.18 2015000 CANFINHOME.Apr 28 633.85 -3.68 -2.08 3487575
JUBLFOOD.Apr 28 2782.65 0.03 -1.78 2046500 DELTACORP.Apr 28 309.15 -2.74 -1.17 12820200
MARICO.Apr 28 519.85 0.05 -0.24 7542000 GODREJCP.Apr 28 787.7 -2.72 -3.11 5983000
TORNTPOWER.Apr 28 549.25 0.06 -5.9 2824500 BANDHANBNK.Apr 28 327.35 -2.2 -2.04 36189000
AARTIIND.Apr 28 956.7 0.07 -1.46 1830900 PIIND.Apr 28 2945.9 -2.14 -1.05 1578750

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Alkem 3420.25 -0.91 64494 23321 77.46 Nifty50 17530.3 -0.82 78285
Larsen & Toubro Limited 1760.8 0.75 1673417 1053823 75.47 Niftybank 37747.4 0.36 78285
Max Financial Services l 785.5 1.49 356022 186827 75.31 Nifty it 34379.5 -1.48 78285
Power Grid Corporation o 229.5 -1.54 8261580 4029026 75 India Vix 18.16 -0.62 78285
Colgate Palmolive (india 1530.65 -0.73 292236 199555 70.79 Nifty Fmcg 37931.4 -0.8 78282
Balkrishna Ind. Ltd 2095.35 0.47 125824 58871 69.43 Nifty Pharma 13744.65 -0.67 78282
Hdfc Ltd. 2378.5 -1.95 4257122 2530686 68.22 Nifty Realty 466.6 -2.76 78282
Pidilite Industries Ltd 2366.05 -0.41 624747 373062 67.94 Nifty Auto 10788.8 -0.86 78282
Hdfc Bank Ltd. 1464.95 -1.91 14446260 9061541 67.34 Nifty Metal 6589.25 -2.74 78282
Reliance Industries Ltd 2551.65 -0.37 4778478 3009160 65.9 Nifty Financial Services 17572.15 0.02 78282

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
•USD:  Building Permits (Mar) on 19th April, 2022

•USD:  Existing Home Sales (Mar) on 20th April, 2022

NEWS UPDATES

  • Prestige Estates has registered the highest ever sales of Rs 10,382.2 crore, up 90% YoY and has clocked the highest ever collections of Rs 74,66.4 cr, up 47% YoY. Irfan Razack, Chairman, Prestige Group “We take immense pride in highlighting that Prestige Group has crossed Rs 10,000 cr presales benchmark. These record sales are backed by the robust response to our 16.77 mn sqft newly launched projects and for under construction and completed inventory”.

  • Infosys on Wednesday reported a 12% year-on-year rise in its consolidated net profit (after minority interest) at Rs 5,686 crore for the fourth quarter ended March (Q4) as against Rs 5,076 crore a year ago. Revenue rose nearly 23% to Rs 32,276 crore in Q4FY22 as against Rs 26,311 crore in Q4FY21. “Infosys delivered highest annual growth in a decade with broad-based performance driven by deeply differentiated digital and Infosys Cobalt led cloud capabilities, powered by ‘One Infosys’ approach. We continue to gain market share as a result of sustained clients’ confidence in our ability to successfully navigate their digital journeys”, said Salil Parekh, CEO and MD, Infosys.

  • Amazon has warned Future Retail Ltd (FRL) against holding of next week’s meetings of its shareholders and creditors to approve the sale of its retail assets to Reliance Retail.

  • Bharat Petroleum on Wednesday said it will invest around Rs 200 crore this fiscal to set up 100 fast electric vehicles charging corridors having 2,000 stations along the busiest 100 national highways. The company has recently opened its first EV charging corridor along the Chennai-Trichi-Madurai highway with one charging unit.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
21STCENMGM General 18-Apr-22 SWISSMLTRY Audited Results 18-Apr-22
BLSINFOTE General 18-Apr-22 WEBELSOLAR General 18-Apr-22
DRCSYSTEMS Audited Results;General 18-Apr-22 ACC Quarterly Results 19-Apr-22
EARUM Audited Results;Quarterly Results 18-Apr-22 BENARAS A.G.M.;Results;Final Dividend 19-Apr-22
MINDTREE Final Dividend;Quarterly Results 18-Apr-22 GREENPOWER Right Issue of Equity Shares;General 19-Apr-22
MISHTANN Results;Bonus issue;Final Dividend 18-Apr-22 HIPPOCABS Half Yearly Results 19-Apr-22
MUTHOOTFIN Interim Dividend 18-Apr-22 LONTE Audited Results 19-Apr-22
RAMSARUP Quarterly Results 18-Apr-22 LTI Audited Results;Dividend 19-Apr-22
SCPL Audited Results 18-Apr-22 MADHURIND General 19-Apr-22
SEPOWER Audited Results 18-Apr-22 MASTEK Audited Results;Final Dividend 19-Apr-22
SMGOLD Audited Results 18-Apr-22 RAMASTEEL Preferential Issue of shares 19-Apr-22
STARHFL Audited Results 18-Apr-22 TATASTLLP Audited Results;Dividend 19-Apr-22
SUGALDAM General 18-Apr-22 ZLEENCON Increase in Auth. Capital;Pref. Issue 19-Apr-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
DUCON 18-Apr-22 Bonus issue 1:10 SANDHAR 20-Apr-22 E.G.M.
INFRATRUST 18-Apr-22 Income Distribution (InvIT) GAIL 21-Apr-22 Buy Back of Shares
VSL 18-Apr-22 Stock  Split From Rs.10/- to Rs.2/- NESTLEIND 21-Apr-22 Interim Dividend – Rs. – 25.0000
DILIGENT 19-Apr-22 Stock  Split From Rs.5/- to Rs.1/- NESTLEIND 21-Apr-22 Final Dividend – Rs. – 65.0000
IDFC 19-Apr-22 Interim Dividend – Rs. – 1.0000 VIPPYSP 22-Apr-22 E.G.M.
JUBLFOOD 19-Apr-22 Stock  Split From Rs.10/- to Rs.2/- MUTHOOTFIN 25-Apr-22 Interim Dividend
SCHAEFFLER 19-Apr-22 Dividend – Rs. – 16.0000 SAREGAMA 26-Apr-22 Stock  Split From Rs.10/- to Rs.1/-
HUHTAMAKI 20-Apr-22 Dividend – Rs. – 1.0000 ABB 27-Apr-22 Final Dividend – Rs. – 5.2000

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