Nifty opened at 17183.45 wit ha big gap down of 292 points. The index initially moved up a few ticks, finding strong resistance, recorded its intraday high at 17237.75,and turned down. A sharp decline of almost 100 points came in the next one hour and then prices started moving sideways. The consolidation eventually broke on the downside and prices have recorded its intraday low at 17067.85. The index moved up after lunch and kept on rising towards the end of today’s trading session, and finally closed at 17173.65 wit h a loss of 302 points or1.73% down. AUTO,METAL, and FMCG sectors have outperformed today and ended wit h a gain. The IT sector led the bears today and ended wit h a loss of 4.58% followed by the BANK & FINANC IALS.
The short-term trend is now down as prices have been closing lower after a breakdown from a narrow trading range. A sharp decline brought prices around the 17000 level today where the bulls came and brought prices higher. A very strong support zone is visible inside the 17000 – 17200 range. Moreover, a 38% retracement of the previous upside move comes around 17180. The support zone has been respected on many previous occasions.
Bank Nifty opened at 36833.15 with a big gap down of 606 points. The index first moved up, recorded its intraday high at 336965.85 and then turned down. Prices have moved very volatile and recorded its intraday low at 36441.35 and then saw a sharp recovery to finally close at 36791.60 with a loss of 648 points. PSU and PVT BANKS both have seen sharp intraday decline and closed lower by 2.49% & 1.71% respectively. Within the index, in terms of points, AXISBANK contributed the highest while HDFC BANK contributed the lowest.
If current decline is a correction of previous up from March 2022 onwards then prices should hold today’s low around 36400. We should wait for one or two more days for a confirmation.
|ADANIENT||2233||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 2200 and for the target of 2280.|
|APOLLOHOSP||4554||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 4550 with a stop loss of 4580 and target of 4500.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TITAN||2500 CE||BUY||51||CMP||40||75||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|HINDCOPPER.Apr 28||121.7||0.08||0.65||16602300||INFY.Apr 28||1624.45||-7.44||6.57||37479600|
|ZYDUSLIFE.Apr 28||366.3||0.18||0.45||17562600||TATAPOWER.Apr 28||258.5||-5.66||14.86||1.11E+08|
|RECLTD.Apr 28||131||0.23||0.98||28920000||MPHASIS.Apr 28||2900||-5.27||5.47||1815275|
|L&TFH.Apr 28||82.75||0.24||2.39||43495576||HDFC.Apr 28||2273.35||-4.76||4.17||23152200|
|BAJAJ-AUTO.Apr 28||3694.95||0.25||8.19||1836000||TECHM.Apr 28||1348.05||-4.57||1.35||13885800|
|Short Covering||Long Unwinding|
|BOSCHLTD.Apr 28||14583.05||0||-1.33||144900||BSOFT.Apr 28||429.05||-5.21||-0.98||4748900|
|SYNGENE.Apr 28||638.8||0.05||-1.03||1140700||PVR.Apr 28||1826.9||-4.4||-6.68||2625557|
|PIDILITIND.Apr 28||2371.7||0.07||-1.44||2949000||IDEA.Apr 28||10.15||-2.87||-0.72||6.61E+08|
|MARICO.Apr 28||520.25||0.08||-0.08||7536000||ABCAPITAL.Apr 28||114.85||-2.59||-2.01||20570000|
|MANAPPURAM.Apr 28||123.4||0.08||-0.62||29775000||INDHOTEL.Apr 28||247||-2.45||-2.41||22680058|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Honeywell Auto India Ltd||40422.6||1.05||2867||0||89.83||Nifty50||17173.65||-1.73||82839|
|Navin Fluorine Internati||3964.25||0.77||146406||0||76.44||Niftybank||36729||-1.96||82842|
|Colgate Palmolive (india||1544.4||0.9||208338||0||68.29||Nifty it||32780.05||-4.58||82842|
|Icici Bank Ltd.||757.8||-0.58||17651530||0||67.41||India Vix||19.34||8.77||82842|
|Crompton Greaves Consume||377.15||-0.2||1655533||0||66.06||Nifty Fmcg||38422.1||0.6||82842|
|Hdfc Life Insurance Comp||574.3||1.67||5765896||0||64.71||Nifty Pharma||13717.3||-0.4||82842|
|Ipca Laboratories Ltd.||1023.05||-1.93||256769||0||64.05||Nifty Realty||458.2||-1.27||82842|
|Mrf Ltd.||66944.95||-0.74||11982||0||63.95||Nifty Auto||10745.75||0.44||82842|
|Mah & Mah Ltd.||874.1||0.92||3076843||0||63.89||Nifty Metal||6648.95||0.33||82842|
|Dabur India Ltd.||562.7||1.22||1332556||0||63.34||Nifty Financial Services||17034.65||-2.21||82842|
UPCOMING ECONOMIC DATA
|INR: M3 Money Supply on 20th April, 2022
INR: Bank Loan Growth on 22nd April, 2022
|•USD: Building Permits (Mar) on 19th April, 2022
•USD: Existing Home Sales (Mar) on 20th April, 2022
Larsen & Toubro Ltd. is weighing a merger between two of its publicly traded software firms, according to people familiar with the matter, as the Indian conglomerate seeks scale to compete with global digital giants. The boards of Mindtree Ltd. and Larsen & Toubro Infotech Ltd., two software units controlled by the Mumbai-based engineering firm, could consider share swap ratios for the merger as early as next week, one of the people said, asking not to be identified as the information is not public
Mindtree on Monday reported a 49 per cent year-on-year rise in consolidated net profit at Rs 473.1 crore for the quarter ending 31 March, 2022 on the back of robust demand and aggressive customer mining. The company had posted a net profit of Rs 317 crore in the same quarter last year. The Bengaluru-based company saw its revenue grow 37 per cent to Rs 2,897 crore in the quarter under review from Rs 2,109 crore in the year-ago period. In dollar terms, net profit rose nearly 45 per cent YoY to $62.7 million, while revenue increased 32.2 per cent to $383.8 million in the said quarter over the year-ago period.
Ashok Leyland on Monday said it has joined hands with Mahindra First Choice Wheels to enter the used commercial vehicles business. The company has inked a MoU with Mahindra First Choice Wheels Ltd (MFCWL) in this regard. The phygital platform, as part of the partnership, will facilitate an exchange and proper disposal and purchase of old commercial vehicles.
Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire model range, between 0.9 per cent to 1.9 per cent, with immediate effect.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ACC||Quarterly Results||19-Apr-22||ANGELONE||Final Dividend;Audited Results||20-Apr-22|
|BENARAS||A.G.M.;Final Dividend;Audited Results||19-Apr-22||ASRL||Quarterly Results;Audited Results;General||20-Apr-22|
|GREENPOWER||Right Issue of Equity Shares;General||19-Apr-22||ELLORATRAD||Audited Results;General||20-Apr-22|
|HIPPOCABS||Half Yearly Results||19-Apr-22||GLS||Final Dividend;Audited Results||20-Apr-22|
|LONTE||Audited Results||19-Apr-22||HCKKVENTURE||Quarterly Results;Audited Results||20-Apr-22|
|LTI||Dividend;Audited Results||19-Apr-22||INDBANK||Audited Results||20-Apr-22|
|MASTEK||Final Dividend;Audited Results||19-Apr-22||INOXWIND||Pref. Issue of shares;Issue Of Warrants||20-Apr-22|
|PCBL||Quarterly Results;Audited Results||19-Apr-22||IOSYSTEM||General||20-Apr-22|
|RAMASTEEL||Preferential Issue of shares||19-Apr-22||ISEC||Final Dividend;Audited Results||20-Apr-22|
|TATASTLLP||Dividend;Audited Results||19-Apr-22||JTLINFRA||Audited Results;General||20-Apr-22|
|ZLEENCON||Pref. Issue ;Increase in Authorised Capital||19-Apr-22||NAVKAR||General||20-Apr-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|DILIGENT||19-Apr-22||Stock Split From Rs.5/- to Rs.1/-||NESTLEIND||21-Apr-22||Interim Dividend – Rs. – 25.0000|
|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|
|SANDHAR||20-Apr-22||E.G.M.||SHREEGANES||27-Apr-22||Bonus issue 1:1|
|GAIL||21-Apr-22||Buy Back of Shares||DCMFINSERV||28-Apr-22||E.G.M.|
|NESTLEIND||21-Apr-22||Final Dividend – Rs. – 65.0000||HCLTECH||28-Apr-22||Interim Dividend|
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