Morning-Outlook-Feature-Image

Morning-outlook-16july

NIFTY:

NIFTY opened at 16010.80 With a gap up of 72 points. The index initially followed its early morning momentum but failed to keep it on and moved down. Prices have seen a sharp dip and filled the gap. The index then went into a process of consolidation that eventually broke on the upside. Prices recorded its intraday low at 15927.30. A sharp rally came in the last one and half hours of trading which brought the index to its intraday high at 16066.95. Prices finally closed at 16049.20 with a gain of 110.55 points or 0.69% up. AUTO outperformed today and ended with a gain of 2.03% followed by FMCG which ended 1.47% up. METAL, IT underperformed today and ended with a loss. BANK and PHARMA ended almost on a flat note.

On a weekly timeframe, the index ended a week with a loss. Also, it has formed an Inside bar, which means this week’s price action was inside the previous weeks suggesting next week may be wide. A trading range is visible inside 15850 – 16300 on the daily chart. We should wait for one or two days and then plan our trade. Till then avoid trading the index.

BANK NIFTY:

Bank Nifty opened at 34734.45 with a gap up of 71points. The index initially moved lower after recording its intraday high at 34899.95, filled the gap, and then started a process of consolidation. Prices have recorded its intraday low at 34463.90 and broke on the upside. A rally brought prices near to its opening tick and the index finally closed at 34704.85 with a gain of just 41points. PSU BANKS has seen an underperformance today and closed lower by 0.43%. PVT BANKS have outperformed today and closed higher by just 0.07%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AX IS BANK contributed the lowest.

However, if prices started increasing on Monday, we should take a long trade on a breakout above 35200 with a stop of 300 points and a target of 800 points. In case of a gap up, apply the first 15 minute rule.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
BEL 245.5 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 243 and for the target of 250.
TATASTEEL 883 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 883 with a stop loss of 890 and target of 860.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BSOFT 310 CE BUY 12.3 CMP 10 20 OI Increase

 

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SUNTV.22.07 Jul 419.55 0.01 3.18 8568000 JINDALSTEL.22.07 Jul 346.4 -4.26 8.38 41688750
TCS.22.07 Jul 3010.95 0.06 1.02 14769450 TATASTEEL.22.07 Jul 885.9 -2.72 3.41 31081100
INDIACEM.22.07 Jul 172.2 0.09 1.69 11350600 SAIL.22.07 Jul 68.35 -2.57 30.72 1.29E+08
UPL.22.07 Jul 662.6 0.1 0.75 18827900 POWERGRID.22.07 Jul 210 -2.35 8.28 56311200
MGL.22.07 Jul 799.1 0.12 1.21 3152800 GLENMARK.22.07 Jul 381.7 -2.3 1.6 6510150
                                                                        Short Covering                                                                       Long Unwinding
INFY.22.07 Jul 1439.75 0.39 -0.37 35563500 BANDHANBNK.22.07 Jul 270.65 -1.76 -0.51 26119800
RELIANCE.22.07 Jul 2409.45 0.43 -0.86 34334250 NAM-INDIA.22.07 Jul 276.5 -1.76 -0.48 2955200
BHEL.22.07 Jul 49.65 0.51 -0.97 94615500 DELTACORP.22.07 Jul 176.15 -0.87 -0.58 15715900
ADANIENT.22.07 Jul 2405.9 0.56 -0.31 21785000 DRREDDY.22.07 Jul 4537.25 -0.49 -1.57 1854250
COLPAL.22.07 Jul 1575.75 0.56 -0.13 2636900 IDFC.22.07 Jul 52.65 -0.09 -0.12 1.04E+08

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Kotak Mahindra Bank Limi 1787.7 1 2333732 0 80.64 Nifty50 16049.2 0.69 76869
Sbi Life Insurance Compa 1155.45 1.45 591171 0 76.18 Niftybank 34682.65 0.09 76869
Ambuja Cements Ltd 369.15 -0.2 3856534 0 75.79 Nifty it 26484.75 -0.15 76869
Crompton Greaves Consume 393.15 1.05 4340213 0 74.46 India Vix 17.6 -4.03 76869
Hdfc Ltd. 2216.1 2.25 2486731 0 66.92 Nifty Fmcg 41498.8 1.47 76869
Alkem 3211.95 0.73 261979 0 64.21 Nifty Pharma 12732 0.09 76869
Bajaj Auto Limited 3913.35 1.3 281730 0 64.15 Nifty Realty 420 0.56 76869
City Union Bank Ltd. 151.55 0.87 1219432 0 64.03 Nifty Auto 12361.65 2.03 76869
Infosys Limited 1430.35 0.1 5620017 0 63.96 Nifty Metal 4830.7 -0.81 76869
Axis Bank Limited 662.2 -0.91 6015057 0 63.41 Nifty Financial Services 16112.75 0.71 76872

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 8th July, 2022 •USD:  Nonfarm Payrolls (Jun) on 8th July, 2022

•USD:  Unemployment Rate (Jun) on 8th July, 2022

NEWS UPDATES

  • Bharat Heavy Electricals Ltd (BHEL) on Thursday said it has successfully commissioned 100-MW floating Solar photovoltaic plant at NTPC Ramagundam in Telangana. The plant is installed across the natural raw water reservoir, saving valuable land resources, and also conserves water by reducing evaporation, a company statement said.

  • Ajmera Realty & Infra India Ltd on Thursday reported an over three-fold jump in its sales bookings to Rs 400 crore for the quarter ended June on better demand. Its sales bookings stood at Rs 111 crore in the year-ago period, the company said in a statement. The carpet area sold by the company stood at 1,57,438 square feet in April-June period of this fiscal as against 61,663 square feet in the year-ago period.

  • Tata Power on Thursday issued a clarification saying no officials of Tata Power are involved in the alleged bribery case involving Power Grid Corporation of India. Tata Power spokesperson in a tweet said, ““Tata Power clarifies that no officials of Tata Power are involved in the alleged bribery case involving Power Grid Corporation of India, being investigated by CBI. Some media reports have wrongly mentioned Tata Power’s name in the alleged case.”

  • TCS will kick start corporate earnings season this week, and if one were to go by what analysts say the IT major may not disappoint the Street, with a nearly 15 per cent jump in revenues and a 7-11 per cent year-on-year rise in June quarter profit. The demand commentary could be strong, they said, even as margin may take a hit on wage hikes.

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

BOARD MEETINGS

DRA General 13-Jul-22
DUROPLY Issue Of Warrants;General;Preferential Issue of shares 13-Jul-22
GUJHOTE Quarterly Results 13-Jul-22
HINDZINC Interim Dividend 13-Jul-22
ITHL Quarterly Results 13-Jul-22
JPTRLES General;Quarterly Results 13-Jul-22
MEERA General 13-Jul-22
METALCO General 13-Jul-22
MINDTREE Quarterly Results 13-Jul-22
MSRINDIA General 13-Jul-22

 

PANAFIC Right Issue of Equity Shares;General 13-Jul-22
PREMIERPOL A.G.M.;General;Quarterly Results 13-Jul-22
RAMASIGNS Quarterly Results 13-Jul-22
TATAMETALI Audited Results 13-Jul-22
TILAK Right Issue of Equity Shares 13-Jul-22

CORPORATE ACTION

A Infrastructure Ltd 12-Jul-22 Bonus issue 1:1
Avadh Sugar & Energy Ltd 12-Jul-22 Dividend – Rs. – 10.0000
REC Ltd 12-Jul-22 Final Dividend – Rs. – 4.8000
SESHASAYEE PAPER & BOARDS LTD. 12-Jul-22 Final Dividend – Rs. – 2.5000
STEEL EXCHANGE INDIA LTD. 12-Jul-22 Stock Split From Rs.10/- to Rs.1/-
Aditya Birla Sun Life AMC Ltd 13-Jul-22 Final Dividend – Rs. – 5.8500
ANG Lifesciences India Ltd 13-Jul-22 Bonus issue 1:4
ASM TECHNOLOGIES LTD. 13-Jul-22 Final Dividend – Rs. – 2.5000
Magadh Sugar & Energy Ltd 13-Jul-22 Dividend – Rs. – 6.5000
ORIENT BELL LIMITED-$ 13-Jul-22 Dividend – Rs. – 1.0000
POLYCHEM LTD. 13-Jul-22 Final Dividend – Rs. – 3.0000
Shankara Building Products Ltd 13-Jul-22 Final Dividend – Rs. – 1.0000
SHREE CEMENT LTD. 13-Jul-22 Final Dividend – Rs. – 45.0000
VST INDUSTRIES LTD. 13-Jul-22 Dividend – Rs. – 140.0000
WENDT (INDIA) LTD. 13-Jul-22 Final Dividend – Rs. – 45.0000
ADANI ENTERPRISES LTD. 14-Jul-22 Final Dividend – Rs. – 1.0000
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. 14-Jul-22 Final Dividend – Rs. – 5.0000
Apex Frozen Foods Ltd 14-Jul-22 Final Dividend – Rs. – 2.5000
ARIHANT CAPITAL MARKETS LTD. 14-Jul-22 Final Dividend – Rs. – 0.1500
ASHOK LEYLAND LTD. 14-Jul-22 Dividend – Rs. – 1.0000
Adani Total Gas Ltd 14-Jul-22 Final Dividend – Rs. – 0.2500
ATUL LTD. 14-Jul-22 Dividend – Rs. – 25.0000
BHARAT FORGE LTD. 14-Jul-22 Final Dividend – Rs. – 5.5000
B.N.RATHI SECURITIES LTD. 14-Jul-22 Dividend – Rs. – 1.0000

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