Morning-Outlook-Feature-Image

Morning-outlook-18 may

NIFTY:

Nifty opened at 15912.60 with a gap up of 70 points. The index recorded its intraday low at 15900.80 a few ticks below the opening price and moved higher. Prices have seen a strong intraday rally today throughout the day. Minor dips in between were quickly bought into and prices kept on moving higher. The index recorded its intraday high at 16284.25 and finally closed at 16259.30 near its day highs with a gain of 417 points or 2.63% up. All the sectoral indices have participated on the upside today and closed with gains. METAL outshine wit h a gain of 6.86%.Except for PHARMA, all the sectoral indices have ended with a gain of more than 2%.

Yesterday, we have mentioned a DOJI pattern on the daily chart which shows indecision in the minds of the market participants. That confusion resolved on the upside. Support is visible around the 15700 – 1750 zone while resistance may emerge around 16500. The short-term trend is sideways now which was down before. We should look for buying only as far as the index is moving above 16000 levels. The volatility index INDIA VIX has seen a sharp dip today indicates volatility is now cooling off.

BANK NIFTY:

Bank Nifty opened at 33796.20 with a gap up of 153 points. The index first moved down, but find support quickly and bounced up. Prices have recorded its intraday low at 33680.60 and rallied very sharply. Minor dips in between were quickly bought into and the index kept on moving higher to record its intraday high at 34366.05. Prices have finally closed at 34346.75 with a gain of 703 points. PVT and PSU BANKS both have performed almost the same today, saw a sharp intraday rally, and closed higher by 2.14% & 2.02% respectively. Within the index, in terms of points, ICIC IBANK contributed the highest on the upside followed by SBIN.

The index opened higher and breaks above 34000 during the day. We took a long trade there. Prices did not meet t he suggested stop or target today so this trade remained intact. Stay long with a stop at 33950 and a target of 34800

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
ADANIENT 2184 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 2160 and for the target of  2220.
LALPATHLAB 2184 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 2180 with a stop loss of 2200 and target of 2140.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ASIANPAINT 3080 CE BUY 38 CMP 25 60 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
COLPAL.May 26 1577.85 0.06 2.94 2854950 AUROPHARMA.May 26 536.6 -2.86 2.44 14757750
TATACONSUM.May 26 737.95 0.12 6.02 7937325 DALBHARAT.May 26 1418.35 -1.51 3.78 1269250
JKCEMENT.May 26 2395.1 0.19 4.23 254450 LALPATHLAB.May 26 2117 -1.39 10.61 1067125
ICICIPRULI.May 26 503.45 0.38 4.53 5739750 METROPOLIS.May 26 1868.15 -0.48 10.56 469200
NESTLEIND.May 26 16365.25 0.64 5.25 351950 PAGEIND.May 26 42249.95 -0.28 5.19 90645
                                                                        Short Covering                                                                       Long Unwinding
IPCALAB.May 26 987.2 0.66 -0.66 749700 LTTS.May 26 3676 7.93 -1.51 1028200
ACC.May 26 2219 0.79 -0.93 2512500 MINDTREE.May 26 3083.35 4.75 -0.7 2484800
HDFCLIFE.May 26 555.05 0.9 -0.27 21376300 MANAPPURAM.May 26 105.8 4.65 -0.6 24549000
HDFC.May 26 2193.6 0.97 -0.63 13062900 NMDC.May 26 143.95 4.35 -0.9 48441000
MGL.May 26 768.7 1.07 -0.67 2749200 WIPRO.May 26 488.15 4.27 -0.49 35196000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1519.45 2.04 6406965 0 64.49 Nifty50 16271.1 2.71 70497
Icici Prudential Life In 502 0.34 1205051 0 63.34 Niftybank 34304.75 2.1 70497
Bharti Airtel Limited 706.8 1.96 4735589 0 59.65 Nifty it 30266.85 2.94 70497
Tata Consultancy Serv Lt 3465 2.61 1721076 0 58.37 India Vix 22.64 -7.72 70494
Hindustan Unilever Ltd 2245.05 1.25 2020417 0 57.99 Nifty Fmcg 37536.5 2.11 70497
Marico Limited 502.85 1.46 1258498 0 55.68 Nifty Pharma 12748.25 1.11 70497
Icici Lombard General In 1313.2 1.18 460349 0 55.5 Nifty Realty 402.3 1.98 70497
Power Grid Corporation o 239 1.62 11310832 0 55.4 Nifty Auto 10906.2 2.41 70497
Larsen & Toubro Limited 1605.85 4.08 1580906 0 53.97 Nifty Metal 5729.4 6.89 70497
Alkem 2898.25 -0.28 47831 0 53.38 Nifty Financial Services 15814.1 2.07 70497

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: RBI MPC Meeting Minutes on 18th May, 2022 •USD: Building Permits (Apr) on 18th May 2022

•USD: Crude Oil Inventories on 18th May, 2022

NEWS UPDATES

  • Bharti Airtel on Tuesday reported 164% increase in consolidated net profit at Rs 2,008 crore for the quarter ending March 31, 2022, It reported consolidated net profit of Rs 760 crore in the year-ago period. Consolidated revenue from operations rose 22% to Rs 31,500 crore in Q4FY22 as against Rs 25,747 crore in Q4FY21. On Tuesday, the company’s scrip on BSE closed nearly 2% higher at Rs 706. The company’s Board has recommended a dividend of Rs 3 per fully paid-up equity share of face value Rs 5 each.

  • Bajaj Electricals on Tuesday reported a 28.73 per cent decline in consolidated net profit at Rs 38.67 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 54.26 crore for March quarter of the previous fiscal year, Bajaj Electricals said in a regulatory filing. However, total revenue from operations was up 6.02 per cent at Rs 1,334.32 crore during the quarter under review as against Rs 1,258.47 crore in the year-ago period.

  • Maruti Suzuki India (MSI) on Tuesday said its shareholders have approved the appointment of Hisashi Takeuchi as Managing Director and CEO. In a regulatory filing, the auto major said 99.89 per cent of votes polled through a postal ballot were in favour of the appointment of Takeuchi as MD and CEO.

  • Indian air conditioner manufacturers are expecting record sales this year as a heatwave scorches most of the country, an industry body told Reuters, but delayed arrivals of components from COVID-hit China may cause shortages of premium products. With temperatures this month breaching 49 degrees Celsius in New Delhi, sales are set to reach 8.5-9 million units this year, up from 2019’s previous record of 6.5 million

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ABFRL Audited Results 18-May-22 KCP Final Dividend;Audited Results 18-May-22
ARVIND Audited Results;Final Dividend 18-May-22 LICHSGFIN Audited Results;Dividend;General 18-May-22
AURIONPRO Quarterly Results;Dividend 18-May-22 LUPIN Audited Results;Final Dividend;General 18-May-22
BARBEQUE Audited Results 18-May-22 MANAPPURAM Interim Dividend;Dividend;Audited Results 18-May-22
CANTABIL Audited Results 18-May-22 NDTV Audited Results 18-May-22
CIGNITI Buy Back of Shares 18-May-22 NXTDIGITAL Audited Results;Dividend 18-May-22
FINOLEXIND Final Dividend;Audited Results 18-May-22 PANACEABIO Quarterly Results;Audited Results 18-May-22
GICHSGFIN Final Dividend;Audited Results;General 18-May-22 PIDILITIND Dividend;Audited Results 18-May-22
GLANCE Audited Results;General 18-May-22 RATNAMANI Right;Bonus;Dividend;Pref Issue ;Results 18-May-22
GRANULES Final Dividend;Audited Results 18-May-22 RBL Dividend;Audited Results 18-May-22
GTL Audited Results 18-May-22 ROUTE Final Dividend;Audited Results 18-May-22
HKG Audited Results;General 18-May-22 SHYAMMETL Final Dividend;Audited Results 18-May-22
IGL Final Dividend;Audited Results 18-May-22 SOMANYCERA Audited Results;General 18-May-22
IOB Audited Results 18-May-22 SURJIND Audited Results;General 18-May-22
ITC Final Dividend;Audited Results 18-May-22 TEAMLEASE Audited Results 18-May-22
JETINFRA Audited Results 18-May-22 TNPL Final Dividend;A.G.M.;Audited Results 18-May-22
JKLAKSHMI Final Dividend;Audited Results 18-May-22 WESTLIFE Audited Results 18-May-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AVANTEL 18-May-22 Final Dividend – Rs. – 4.0000 TIPSINDLTD 19-May-22 Spin Off
GARMNTMNTR 18-May-22 Stock  Split From Rs.10/- to Rs.1/- KKCL 20-May-22 Interim Dividend – Rs. – 5.0000
JETFREIGHT 19-May-22 Stock  Split From Rs.10/- to Rs.5/- LATIMMETAL 20-May-22 Stock  Split From Rs.10/- to Rs.1/-
SINDHUTRAD 19-May-22 Bonus issue 2:1 TRENT 20-May-22 Final Dividend – Rs. – 1.1000
TANAA 19-May-22 Interim Dividend – Rs. – 2.0000 ANGELONE 23-May-22 Final Dividend – Rs. – 2.2500
THINKINK 19-May-22 Interim Dividend – Rs. – 0.1000 CAPPL 23-May-22 Interim Dividend – Rs. – 2.0000

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