Morning-outlook-18 nov


The NIFTY opened at 18358.70 with a gap down of 51points. Prices have initially moved up and filled the gap. The index moved further on the upside and then faced strong resistance. Prices recorded its intraday high at 18417.60 and then moved down. The nifty started consolidating afterwards in a tight narrow range, eventually breaking on the downside. The index has seen a sharp intraday fall in the last 30 minutes of trading, recorded its intraday low at 18312.95, and finally dosed at 18343.90 with a loss of 65.75 points or 0.36% down. All the sectoral indices have dosed lower except REAL1Y which ended with minor gains. AUTO led the bears today by closing 1.36% lower followed by MEDIA which ended with a loss of 1%. As we have mentioned, the short-term trend is up and a narrow trading range is now visible inside 18250 – 18450 for the past five trading days. This 200 points range is very narrow so it may break very soon. We have also suggested a trade which was to buy above 18500 or sell short below 18200. Since prices did not touch either level today, so this trade did not execute. We are recommending the same trade for tomorrow also. Traders should look for a buying opportunity on a breakout above 18500 or sell short on a break down 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 5-minute rule.


The BANK NIFTY opened at 42399.35 with a gap down of almost 100 points. The index initially moved higher and filled the gap after recording its intraday low at 42366.55 in its initial trades. Prices then saw a dip and then a gain moving higher to record its intraday high at 42622.75. The index has seen a sharp intraday fall in the last 30 minutes of trading and finally dosed at 42426 with a loss of 72 points. PSU BANKS have outperformed today and closed higher by 0.79%. PVT BANKS have underperformed today and ended lower by 0.13%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while HDFC BANK contributed the lowest. For today, we have suggested a trade: “buy above 42700 or sell short below 42000. Keep a stop of 300 points a target of 1200 points.” The index did not hit either level so this trade did not execute. We are recommending the same trade for tomorrow also. 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. The short-term trend is up. Today the index moved even narrow inside a range of just 256 points. For the past five 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. Take trade in the direction of a breakout.


INDUSTOWER 196.55 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at 196.55 with a stop loss of 195.9 and a target of 199.75.
 BPCL 305.2 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold at 304.95 with a stop loss of 305.65 and a target of 303.55.


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
EXIDEIND.22.11 Nov 186.9 2.41 5.28 27727200 NAUKRI.22.11 Nov 3916 -5.53 13.24 1825250
TATACONSUM2211Nov 787.55 2.17 1.7 8883900 INDIACEM.22.11 Nov 232.8 -4.37 3.42 15515000
PFC.22.11 Nov 123.3 2.15 2.88 46053600 HINDCOPPER.22.11 Nov 112.35 -4.26 1.11 18756600
RBLBANK.22.11 Nov 145.7 1.6 2.48 43815000 MPHASIS.22.11 Nov 1979.35 -2.99 0.08 2042075
ADANIENT.22.11 Nov 4021.35 1.36 1.43 13454500 AARTIIND.22.11 Nov 652.2 -2.82 14.42 2759100
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SRTRANSFIN.22.11 Nov 1281.4 3.93 -6.93 3135600 DIXON.22.11 Nov 4403.9 -3.12 -1.77 519875
ABB.22.11 Nov 3118.05 2.47 -0.56 1547750 MINDTREE.22.11 Nov 3538.15 -3 -0.16 2480200
GMRAIRPORTSINFRASTRUCT 37.3 2.19 -2.42 117697500 FSL.22.11 Nov 106.6 -2.83 -0.21 14492400
INDHOTEL.22.11 Nov 316.4 1.7 -0.12 40055098 LTI.22.11 Nov 4933.65 -2.43 -0.72 1135800
BEL.22.11 Nov 110.65 1.65 -0.62 78899400 AUBANK.22.11 Nov 612.05 -2.16 -0.26 7698000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Shriram Trans Fin Co. Lt 1275.65 3.4 2179171 0 36.96 Nifty50 18343.9 -0.36 102378
Abb Limited 3122.2 2.85 632485 0 39.72 Niftybank 42458.05 -0.18 102378
Gmr Airports Infrastruct 37.35 2.61 18778913 0 30.49 Nifty it 29681.4 -0.9 102378
Exide Industries Ltd 186.7 2.5 9337439 0 46.01 India Vix 14.88 -1.46 102378
Tata Consumer Products l 786 2.14 2944879 0 57.39 Nifty Fmcg 43845.1 -0.15 102378
Power Finance Corporatio 123.05 2.12 13662868 0 71.82 Nifty Pharma 12948.25 -0.39 102378
Bharat Electronics Ltd 110.6 2.12 26985734 0 37.1 Nifty Realty 448.35 0.04 102378
Indus Towers Limited 196.55 1.81 2417586 0 46.35 Nifty Auto 12927.4 -1.36 102375
Indian Hotels Co. Ltd. 315.6 1.71 9813569 0 36.95 Nifty Metal 6455.7 -0.09 102375
Rbl Bank Limited 145.2 1.68 11187450 0 13.73 Nifty Financial Services 19077 -0.37 102375


   Domestic                                                                                                                                                  International
INR: Deposit Growth on 18th  November, 2022

INR: FX Reserves, USD on 18th  November, 2022

 USD: Existing Home Sales (Oct) on 18th  November, 2022

USD: New Home Sales (Oct) on 23rd  November, 2022


  • Indian stock benchmarks closed lower on Thursday, dragged by utilities, consumer durables and auto stocks. The Sensex closed 0.37% lower at 61,750.60, while the Nifty 50 fell by a similar magnitude to close at 18,343.90.

  • Nykaa’s parent company FSN E-Commerce Ventures tumbled 4 percent today on heavy volumes, after multiple trades took place in the block deal window. According to Bloomberg data, 57.1 million shares – about 2 percent equity – changed hands in five bunched trades.The stock was quoting Rs 176.25 on the National Stock Exchange, down by 4.45 percent, at 10am on Thursday. It has declined 16.5 percent from its November 14 close of Rs 211 apiece.

  • Chetan Ahya, Chief Asia Economist, Morgan Stanley, told CNBC-TV18, that he believed Asia would outperform the US in the current financial year on the back of domestic demand, as he also discussed India’s inflation dynamics and export outlook.

  • India’s trade deficit widened in October as exports shank to a 20-month low in the April-October period, while the merchandise trade deficit doubled from a year ago, reigniting concerns over the widening current account deficit (CAD)

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ALAN SCOTT Right Issue of Equity Shares 18-Nov-22 GUJTHEM Interim Dividend 21-Nov-22
BI Quarterly Results 18-Nov-22 TRIVENIGQ General 21-Nov-22
BRFL Quarterly Results 18-Nov-22 UNIWSEC Quarterly Results 21-Nov-22
FRONTFN Quarterly Results 18-Nov-22 NITCO General;Quarterly Results 22-Nov-22
INDINFO Right Issue of Equity Shares 18-Nov-22 PTC Quarterly Results;Audited Results;Final Dividend 22-Nov-22
JAYSHREETEA General;Scheme of Arrangement 18-Nov-22 SIEMENS Audited Results;Final Dividend 22-Nov-22
KHYATI Reduction of Capital 18-Nov-22 TRINITYLEA Preferential Issue of shares 22-Nov-22
OONE General;Quarterly Results 18-Nov-22 ARYAN General 23-Nov-22
RAMASTEEL Bonus issue;General 18-Nov-22 MDRNTHR-B Quarterly Results 23-Nov-22
SDBL Interim Dividend;General 18-Nov-22 TIL Quarterly Results 23-Nov-22
SELLWIN General 18-Nov-22 VEERHEALTH Preferential Issue of shares 23-Nov-22
TIRTPLS Quarterly Results 18-Nov-22 VIVANTA Right Issue of Equity Shares;Increase in Authorised Capital;General;Preferential Issue of shares 23-Nov-22
TRL Issue Of Warrants;General 18-Nov-22 7NR Scheme of Arrangement 25-Nov-22
VKAL Quarterly Results 18-Nov-22 WANBURY Quarterly Results 28-Nov-22
EFCIL General 19-Nov-22 LANDMARC General 29-Nov-22
MLKFOOD Interim Dividend 19-Nov-22 ICL Stock  Split 30-Nov-22
RHIM General;Preferential Issue of shares 19-Nov-22 STL Stock  Split 01-Dec-22
TELESYS General 19-Nov-22 TAKE Quarterly Results 07-Dec-22
ARIHANTINS Half Yearly Results 21-Nov-22 ESHAMEDIA A.G.M. 12-Dec-22
COSPOWER Half Yearly Results;General 21-Nov-22 COFORGE Interim Dividend;Quarterly Results 20-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ASTRAL 18-Nov-22 Interim Dividend – Rs. – 1.2500 EIDPARRY 22-Nov-22 Interim Dividend – Rs. – 5.5000
BARTRONICS 18-Nov-22 Resolution Plan -Suspension GESHIP 22-Nov-22 Interim Dividend – Rs. – 7.2000
DATAINFRA 18-Nov-22 Income Distribution (InvIT) INGERRAND 22-Nov-22 Interim Dividend – Rs. – 7.0000
EMAMILTD 18-Nov-22 Interim Dividend – Rs. – 4.0000 INGERRAND 22-Nov-22 Special Dividend – Rs. – 23.0000
ESABINDIA 18-Nov-22 Interim Dividend – Rs. – 30.0000 IPCALAB 22-Nov-22 Interim Dividend – Rs. – 4.0000
GPPL 18-Nov-22 Interim Dividend – Rs. – 2.7000 MANAPPURAM 22-Nov-22 Interim Dividend – Rs. – 0.7500
HAL 18-Nov-22 Interim Dividend – Rs. – 20.0000 MORGANITE 22-Nov-22 Interim Dividend – Rs. – 9.0000
INDAG 18-Nov-22 Interim Dividend – Rs. – 0.9000 PGIL 22-Nov-22 Interim Dividend – Rs. – 2.5000
LAOPALA 18-Nov-22 Interim Dividend – Rs. – 2.0000 HINDZINC 23-Nov-22 Interim Dividend – Rs. – 15.5000
MAANALU 18-Nov-22 Interim Dividend – Rs. – 1.0000 INDTONER 23-Nov-22 Interim Dividend – Rs. – 3.5000
MINDSPACE 18-Nov-22 Income Distribution RITES MAHSEAMLES 23-Nov-22 Bonus issue 1:1
MSTC 18-Nov-22 Interim Dividend – Rs. – 5.5000 MINDTREE 23-Nov-22 Amalgamation
NAUKRI 18-Nov-22 Interim Dividend – Rs. – 10.0000 PANAMAPET 23-Nov-22 Interim Dividend – Rs. – 3.0000
ORBTEXP 18-Nov-22 Buy Back of Shares BHARATFORG 24-Nov-22 Interim Dividend – Rs. – 1.5000
PPAP 18-Nov-22 Interim Dividend – Rs. – 1.0000 CUPID 24-Nov-22 Interim Dividend – Rs. – 2.0000
STANCAP 18-Nov-22 E.G.M. DIAMINESQ 24-Nov-22 Interim Dividend – Rs. – 3.0000
SUNTV 18-Nov-22 Interim Dividend – Rs. – 3.7500 JMFINANCIL 24-Nov-22 Interim Dividend – Rs. – 0.9000
VENUSPIPES 18-Nov-22 Interim Dividend – Rs. – 0.5000 PFC 24-Nov-22 Interim Dividend – Rs. – 3.0000
 MANINFRA 21-Nov-22 Interim Dividend – Rs. – 0.9000 POLYPLEX 24-Nov-22 Interim Dividend – Rs. – 20.0000
3MINDIA 21-Nov-22 Special Dividend – Rs. – 850.0000 POLYPLEX 24-Nov-22 Special Dividend – Rs. – 35.0000
BALKRISIND 21-Nov-22 Interim Dividend – Rs. – 4.0000 ABANSENT 25-Nov-22 Interim Dividend – Rs. – 0.1000
BELLACASA 21-Nov-22 Interim Dividend – Rs. – 0.7000 COMSYN 25-Nov-22 Bonus issue 2:1
COCHINSHIP 21-Nov-22 Interim Dividend – Rs. – 7.0000 DEVIT 25-Nov-22 Stock  Split From Rs.10/- to Rs.5/-
EASEMYTRIP 21-Nov-22 Bonus issue 3:1 GOLECHA 25-Nov-22 Interim Dividend – Rs. – 1.0000
EASEMYTRIP 21-Nov-22 Stock  Split From Rs.2/- to Rs.1/- MAFATIND 25-Nov-22 Stock  Split From Rs.10/- to Rs.2/-
MAZDOCK 21-Nov-22 Interim Dividend – Rs. – 9.1000 MANAKSIA 25-Nov-22 Interim Dividend – Rs. – 3.0000
NATCOPHARM 21-Nov-22 Interim Dividend – Rs. – 0.7500 NILE 25-Nov-22 Interim Dividend – Rs. – 2.0000
OIL 21-Nov-22 Interim Dividend – Rs. – 4.5000 PREMCO 25-Nov-22 Interim Dividend – Rs. – 2.0000
ONGC 21-Nov-22 Interim Dividend – Rs. – 6.7500 VEERENRGY 25-Nov-22 Bonus issue 3:10
PETRONET 21-Nov-22 Special Dividend – Rs. – 7.0000 FAMILYCARE 28-Nov-22 Interim Dividend – Rs. – 0.0500
PRAVEG 21-Nov-22 Final Dividend – Rs. – 4.0000 JANUSCORP 28-Nov-22 Bonus issue 4:3
TIDEWATER 21-Nov-22 Interim Dividend – Rs. – 12.0000 ALSTONE 29-Nov-22 E.G.M.
ASMTEC 22-Nov-22 Interim Dividend – Rs. – 1.0000 CHANDRAP 30-Nov-22 Stock  Split From Rs.10/- to Rs.2/-
CONCOR 22-Nov-22 Interim Dividend – Rs. – 3.0000 PANCHSHEEL 05-Dec-22 Interim Dividend – Rs. – 0.8000

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