Morning-Outlook-Feature-Image
Outlook-19-10-2021

NIFTY:

The Nifty opened at 18500 with a gap up of 162 points. Prices first saw a sharp decline within the first five minutes of trading and recorded its intraday low at 18445.30. The index then started moving up and recorded its intraday high at 18543.15 in the afternoon. The rally fizzled out soon and prices have seen a decline from there. The Nifty finally closed at 18477.02 lower than its opening tick with a gain of 138.5 points. All the sectoral indices have closed with gains except Media and Pharma. The Metal outshines and ended with a gain of 3.89%. The IT sector also rose and closed with a gain of 1.57%. The market rally continued for the seventh consecutive session, with the Nifty crossing 18500 and the Sensex hovering on the 62000 mark for the first time. More importantly, the market rallied despite weakness in its global peers. Prices have continued recording lifetime new highs. It was a volatile day in the index where prices have seen a few sharp moves in both directions and closed with some gains.

BANK NIFTY:

Bank Nifty opened at 39794.25 with a gap up of 465 points. The index first moved up almost 400 points and then quickly return to the opening price. Index found support there and then again moved up and that rally fizzled out. Prices have recorded its intraday low at 396569.55. intraday high at 39947 and finally closed at 39663.9 with a gain of 334 points. PSU Banks have significantly outperformed and closed with a handsome gain of almost 4%. Private Banks have also risen and ended with a gain of 0.84%. Within the index, ICICI Bank contributed highest while HDFC Bank the lowest. It was a volatile day where prices have seen four moves of almost 400 points. Two were on the upside and two were on the downside. A big gap up opening has brought the index close to the 40000 mark.

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
INFY 1792 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1775 and for the target 1820
NAUKRI 7019.5 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 6930 and for the target 7200

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
IEX 800 CE BUY 44.5 CMP 39 52 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
DALBHARAT.21.10 Oct 2094 1.1 38.65 696000 LTI.21.10 Oct 5896.55 -3.45 34.51 854700
NATIONALUM.21.10 Oct 121.6 12.49 20.03 97580000 AMARAJABAT.21.10 Oct 725 -5.02 16.97 10214000
ACC.21.10 Oct 2316.75 0.1 14.88 3218500 POLYCAB.21.10 Oct 2489.05 -3.26 13.99 1204800
ASHOKLEY.21.10 Oct 145.45 0.14 11.11 42039000 ASIANPAINT.21.10 Oct 3247.65 -1.6 13.81 4407600
INDIACEM.21.10 Oct 219 1.67 9.43 11072200 HCLTECH.21.10 Oct 1220 -2.36 13.72 25527600
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
IRCTC.21.10 Oct 5980 9.05 -13.7 2442700 M&M.21.10 Oct 914.9 -2.12 -4.75 10168200
CANBK.21.10 Oct 198.95 2.42 -4.1 61824600 BHEL.21.10 Oct 74.3 -0.27 -3.39 104821500
PFC.21.10 Oct 150.95 0.87 -4.02 35798800 SRF.21.10 Oct 2337.55 -3.32 -3.2 3215625
VOLTAS.21.10 Oct 1334.7 0.85 -3.41 1898000 ALKEM.21.10 Oct 3859.15 -1.17 -1.85 529200
TATASTEEL.21.10 Oct 1413.05 2.67 -2.96 43809000 ADANIENT.21.10 Oct 1615 -2.29 -1.71 23889000

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Life Insurance Comp 703.6 1.41 4597120 3007107 73.75 Nifty Metal 6253.1 3.89 99636
Petronet Lng Limited 234.35 1.67 5188190 4919847 73.25 Nifty it 36306.35 1.57 99636
Tata Consultancy Serv Lt 3647.15 0.99 3590107 4714726 73.18 Nifty Energy 25148.7 1.54 99636
Hdfc Ltd. 2811.5 0.1 2609969 1956778 71.48 Nifty Bank 39684.8 0.87 99636
Max Financial Services l 1001.6 1.35 514982 581687 71.11 Nifty 50 18477.05 0.76 99636
Sbi Life Insurance Compa 1192.5 0.59 934860 1472929 70.79 Nifty Realty 541.8 0.47 99636
Maruti Suzuki India Ltd 7657 2.14 913963 578890 69.62 Nifty Fmcg 41564.15 0.45 99636
Dalmia Bharat Limited 2084.5 1.05 516783 259457 68.83 Nifty Auto 11814.8 0.12 99636
Hindustan Unilever Ltd 2654 0.17 1758177 1462714 67.76 Nifty Media 2334 -0.72 99636
Bharti Airtel Limited 680.6 -0.76 8574445 6618657 67.4 Nifty Pharma 14598.2 -0.89 99636

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: M3 Money Supply on 20th October, 2021.

INR: Bank Loan & Deposit Growth on 22th October, 2021

•USD: Building Permits (Sep) on 19th October, 2021

•USD: Crude Oil Inventories on 20th October, 2021.

NEWS UPDATES

•India’s equity benchmarks rose for the seventh consecutive session to close at record, aided by gains in metals, power and information technology stocks. This is the longest winning streak from NSE Nifty 50 index since August 31.

•Fitch Ratings had cut India’s economic growth forecast to 8.7 percent for the current fiscal but raised GDP growth projection for FY23 to 10 percent, saying the second COVID-19 wave delayed rather than derail the economic recovery.

•Rising crude oil prices are emerging as a huge challenge and the uncertainty could upend some of her plans to get the economy back on track, Finance Minister Nirmala Sitharaman said in an interview in New York. Further she said that India is in no hurry to withdraw stimulus provided to support economy.

•UltraTech Cement has reported a consolidated PAT of Rs 1,314 crore for the quarter ended September 2021, up from Rs 1,700 crore in the previous quarter. Consolidated revenue came in higher at Rs 11,743 crore for the quarter compared to Rs 11,830 crore in June 2021 quarter.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
5PAISA Quarterly Results;General 19-Oct-21 NAVINFLUOR Quarterly Results;Interim Dividend 19-Oct-21
ACC Quarterly Results 19-Oct-21 NELCO Quarterly Results 19-Oct-21
DCMSHRIRAM Quarterly Results;Interim Dividend 19-Oct-21 NESTLEIND Dividend;Quarterly Results;Interim Dividend 19-Oct-21
HEIDELBERG Quarterly Results 19-Oct-21 NETWORK18 Quarterly Results 19-Oct-21
HINDUNILVR Quarterly Results;Interim Dividend 19-Oct-21 ORIENTHOT Quarterly Results 19-Oct-21
ICICIPRULI Quarterly Results 19-Oct-21 RALLIS Quarterly Results 19-Oct-21
ISEC Quarterly Results;Interim Dividend 19-Oct-21 RBL Quarterly Results 19-Oct-21
JAGSNPHARM Quarterly Results;Interim Dividend 19-Oct-21 SHAKTIPUMP Quarterly Results 19-Oct-21
JSWISPL Quarterly Results 19-Oct-21 SIL Quarterly Results 19-Oct-21
JUBLINGREA Quarterly Results 19-Oct-21 SONATSOFTW Quarterly Results;Interim Dividend 19-Oct-21
LTTS Quarterly Results;Interim Dividend 19-Oct-21 TATASTLBSL Quarterly Results 19-Oct-21
MASTEK Quarterly Results 19-Oct-21 TV18BRDCST Quarterly Results 19-Oct-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AIIL 20-Oct-21 Stock  Split From Rs.10/- to Rs.1/- MINDTREE 21-Oct-21 Interim Dividend – Rs. – 10
RCF 20-Oct-21 Final Dividend – Rs. – 1.78 MISHTANN 21-Oct-21 Interim Dividend – Rs. – 0.0020
ACCELYA 21-Oct-21 Final Dividend – Rs. – 17 RKFORGE 21-Oct-21 Interim Dividend – Rs. – 0.50
BEPL 21-Oct-21 Interim Dividend – Rs. – 1 STARHFL 21-Oct-21 E.G.M.
HCLTECH 21-Oct-21 Interim Dividend – Rs. – 10 TEXRAIL 21-Oct-21 Right Issue of Equity Shares
MAHIP 21-Oct-21 E.G.M. VISHWARAJ 21-Oct-21 Stock  Split From Rs.10/- to Rs.2/-

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