Morning-Outlook-Feature-Image

Morning-outlook-19july

NIFTY:

Nifty opened at 16151.40 With a gap up of 102 points. The index initially moved sideways for about one and half hours and that range eventually broke on the upside. Prices have recorded its intraday low at 16142.20 in its initial trades and after the breakout prices have rallied sharply throughout the day with minor corrections in between. The index recorded its intraday high at 16287.95 and closed at 16278.50 near its day’s high with a gain of 229.30 points or 1.43% up. IT outperformed today and closed higher by 3.17% followed by METAL which ended 2.49% up. FMCG and PHARMA underperformed today and ended with a minor loss.

We have identified a narrow trading range on the daily chart inside the 15850 – 16300 zone. Prices have closed around 16300 resistance today. The short-term trend is up now as fa r as the index is trading above the 16000 mark. We should now wait for prices to close beyond these levels. Till then avoid trading the index

BANK NIFTY:

Bank Nifty opened at 34841.85 with a gap up of 137 points. The index initially moved sideways and then eventually broke on the upside after recording its intraday low at 34804.40. Prices have rallied throughout the day wit h minor corrections in between, recording its intraday high at 35382.50 and finally closing at 35354 wit h a gain of 650 points. PSU and PVT BANKS both have performed almost the same today saw a sharp intraday rally and ended higher by 2.77%& 2.29% respectively. Within the index, in terms of points, ICIC IBANK contributed the highest on the upside while HDFC BANK contributed the lowest.

Moreover, we have also suggested taking a long trade on a breakout above 35200 with a stop of 300 points and a target of 800 points. The index broke this level during the day so we took a long trade there. Stay long wit h a stop at 35100 and a target at 36000.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
RELIANCE 2422 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 2400 and for the target of  2460.
HDFCBANK 1347 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 1345 with a stop loss of 1360 and target of 1300.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
GNFC 640 CE BUY 19.35 CMP 12 35 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CHAMBLFERT.22.07 Jul 304.8 0.02 2.12 3543000 ZYDUSLIFE.22.07 Jul 357.45 -3.39 7.64 12270600
MARICO.22.07 Jul 508.9 0.08 2.21 11806800 LAURUSLABS.22.07 Jul 507.1 -3.28 1.64 5418000
INDHOTEL.22.07 Jul 251.8 0.1 1.53 20837982 GODREJCP.22.07 Jul 860.35 -1.95 5.03 7390000
EXIDEIND.22.07 Jul 149.95 0.17 2.76 21333600 CONCOR.22.07 Jul 671.75 -1.94 6.29 7151000
HAVELLS.22.07 Jul 1262.75 0.19 0.57 6302000 BRITANNIA.22.07 Jul 3793.7 -1.57 1.94 1775000
                                                                        Short Covering                                                                       Long Unwinding
UBL.22.07 Jul 1654.85 0.01 -2.18 1021600 PVR.22.07 Jul 1912.55 -0.91 -1.11 2205940
BATAINDIA.22.07 Jul 1820 0.03 -0.63 1573000 MARUTI.22.07 Jul 8745.9 -0.46 -1.09 4213300
TATACONSUM.22 Jul 795.05 0.22 -1.7 7669800 CROMPTON.22.07 Jul 392.85 -0.39 -3.63 3820500
TATACHEM.22.07 Jul 860 0.38 -0.53 5084000 M&M.22.07 Jul 1161.95 -0.28 -0.49 14884100
ITC.22.07 Jul 295.75 0.42 -0.89 79292800 WHIRLPOOL.22.07 Jul 1695.8 -0.24 -0.81 557550

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Crompton Greaves Consume 391.2 -0.5 756853 0 77.95 Nifty50 16278.5 1.43 76503
Asian Paints Limited 3017.85 1.33 823390 0 73.34 Niftybank 35358.7 1.95 76506
Hdfc Ltd. 2204.3 -0.53 2747346 0 72.52 Nifty it 27322.95 3.17 76506
Hero Motocorp Limited 2817.95 0.64 369313 0 71.43 India Vix 17.16 -2.5 76503
Hdfc Bank Ltd. 1347.55 -1.06 10166110 0 69.29 Nifty Fmcg 41460.3 -0.09 76506
Kotak Mahindra Bank Limi 1845.65 3.24 3117038 0 68.71 Nifty Pharma 12713.45 -0.15 76506
Hindustan Aeronautics Li 1773.6 2.75 967771 0 68.18 Nifty Realty 425.1 1.21 76506
Abb Limited 2586.55 1.06 205877 0 68.12 Nifty Auto 12408.7 0.38 76506
Oracle Fin Serv Soft Ltd 3206.25 2.8 69415 0 68.04 Nifty Metal 4950.95 2.49 76506
Ambuja Cements Ltd 370.7 0.42 1745124 0 67.31 Nifty Financial Services 16341.45 1.42 76506

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 22nd July, 2022 •USD:  Building Permits (Jun) on 19th July, 2022

•USD:  Housing Starts (Jun) on 19th July, 2022

NEWS UPDATES

  • State Bank of India (SBI), which currently holds 26 per cent stake in the YES Bank, will not take a decision to sell its stake this year. SBI is helping YES Bank in dealing with the private lender’s non performing assets (NPA). SBI is allowed to reduce the stake at the end of Financial Year 2022-23 (FY23) but it may not decide about that this financial year due to volatile market conditions, the ‘Times of India’ reported on Monday.

  • Tata Consultancy Services (TCS) said on Monday it has been ranked number one by revenue among the top 30 suppliers of software and IT services (SITS) to the UK market by industry analyst firm, ‘TechMarketView’. The report is compiled through a detailed analysis of UK revenues of over 200 publicly quoted and privately held companies, a TCS statement said. TCS has retained its position as the UK’s largest SITS provider.

  • L&T Realty on Monday said it has signed agreements to jointly develop projects worth Rs 8,000 crore in Mumbai region as part of its expansion plan. L&T Realty is the real estate development arm of Larsen & Toubro. “The company has entered into a binding agreement to jointly develop projects in South Mumbai, Western Suburbs and Thane worth Rs 8,000 crore, with development potential of 4.4 million square feet,” L&T Realty said in a statement.

  • Prestige Estates on Monday reported over four-fold jump in its sales bookings at Rs 3,012 crore during the first quarter of this fiscal year on better demand and lower base effect. The sales bookings stood at Rs 733.9 crore in the year-ago period, which was badly hit by the second wave of the COVID pandemic.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADROITINFO Quarterly Results 19-Jul-22 KIRLPNU Quarterly Results 19-Jul-22
AMBUJACEM Quarterly Results 19-Jul-22 L&TFH Quarterly Results 19-Jul-22
APMFINVEST Issue Of Warrants;Pref. Issue 19-Jul-22 NETWORK18 Quarterly Results 19-Jul-22
AUBANK A.G.M.;General;Quarterly Results 19-Jul-22 NILASPACES Quarterly Results 19-Jul-22
CAMPUS General 19-Jul-22 PASARI General;Quarterly Results 19-Jul-22
CONTROLPR Quarterly Results 19-Jul-22 POLYCAB Quarterly Results 19-Jul-22
DCMSHRIRAM Quarterly Results 19-Jul-22 PONNIERODE Quarterly Results 19-Jul-22
HATSUN A.G.M.;Interim Dividend;Results 19-Jul-22 RALLIS Quarterly Results 19-Jul-22
HDFCLIFE Quarterly Results 19-Jul-22 SHABCHM General;Quarterly Results 19-Jul-22
HINDUNILVR Quarterly Results 19-Jul-22 SKYLMILAR Quarterly Results 19-Jul-22
ICICIGI Audited Results;Quarterly Results 19-Jul-22 SSWL Quarterly Results;Stock  Split 19-Jul-22
INDIANACRY Quarterly Results 19-Jul-22 TV18BRDCST Quarterly Results 19-Jul-22
INTEGRAEN ESOP;General;Quarterly Results 19-Jul-22 VEDL Interim Dividend 19-Jul-22
KHAITANLTD General 19-Jul-22 ZDHJERK General;Quarterly Results 19-Jul-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADORWELD 19-Jul-22 Final Dividend – Rs. – 12.50 HCLTECH 19-Jul-22 Interim Dividend – Rs. – 10.00
AEGISLOG 19-Jul-22 Final Dividend – Rs. – 0.50 HERANBA 19-Jul-22 Final Dividend – Rs. – 2.00
AKI 19-Jul-22 Bonus issue 3:10 KARURVYSYA 19-Jul-22 Dividend – Rs. – 1.60
ASTEC 19-Jul-22 Final Dividend – Rs. – 1.50 MAHLIFE 19-Jul-22 Final Dividend – Rs. – 2.00
FEDERALBNK 19-Jul-22 Final Dividend – Rs. – 1.80 PANTH 19-Jul-22 Bonus issue 1:2
GOODRICKE 19-Jul-22 Dividend – Rs. – 3.00 RGL 19-Jul-22 Final Dividend – Rs. – 3.00
GRANULES 19-Jul-22 Final Dividend – Rs. – 0.7500 RGL 19-Jul-22 Stock  Split From Rs.10/- to Rs.2/-
GRINDWELL 19-Jul-22 Dividend – Rs. – 12.00 TIRUMALCHM 19-Jul-22 Dividend – Rs. – 2.50

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