The NIFTY opened at 17796.80 with a gap down of 81points. The index continued its bearish momentum and started drifting downwards after recording its intraday high at 17820.05. The index kept on moving downwards and broke the 17700 level decisively and then started moving sideways and narrowly. The consolidation eventually broke on the downside. Prices have seen another leg of decline which lasted till the end, prices recorded its intraday low at 17497.25 and finally closed at 17530.85 with a loss of 346.55 points or 1.94% down. All the sectoral indices have moved down today and closed with a loss. MEDIA, IT, and REALTY led the bears today and ended with a loss of over 3% followed by OIL GAS, AUTO, and METAL which ended over 2% lower. The short-term trend is sideways now as the index has erased all the gains that came in the last week by moving down for the past two trading days. The index broke down its support level of 17700 and now trading near the next support at 17500. Below this, the next support is visible around 17200. Volatility is rising and we have been expecting it also. The INDIA VIX, a benchmark index for volatility, moved up today and now moving around 20 suggesting volatility is moderately high. As of now, we should avoid trading the index for the time being or prefer taking trades on an intraday basis only.
The BANK NIFTY opened at 40977.20 with a big gap down of 231 points. The index initially moved up, filled the gap, and then turned down after recording its intraday high at 41162.50. Prices have seen a minor decline and then a modest rally and again turned down. This time the index fell sharply and recorded its intraday low at 40502.05. Prices have finally closed at 40825.15 with a loss of 383 points. PSU BANKS have underperformed today saw a sharp intraday decline and closed lower by 2.35%. PVT BANKS have also moved down today and closed lower by 0.75%. Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while HDFC BANK contributed the lowest. We have a support of around 40000 and resistance of around 42000 in the BANK Index. These levels remained untouched. The short-term trend is sideways now. We should now avoid trading the index as the volatility is rising. We should now wait for prices to break either support or resistance level.
|VBL||1102||BUY||The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought at 1110.10 with a stop loss of 1091.75 and for the target of 1147.|
|VTL||353.90||BUY||The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought at 357 with a stop loss of 342 and for the target of 378.|
|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|
|Short Covering||Long Unwinding|
|INDUSINDBK.22.09 Sep||1227.7||2.36||-6.22||19801800||VEDL.22.09 Sep||290.7||-7.51||-18.28||27002550|
|DELTACORP.22.09 Sep||226.15||1.82||-1.99||15502000||MRF.22.09 Sep||86337.45||-7.35||-1.71||57370|
|MFSL.22.09 Sep||823.75||0.96||-4.67||2029950||IBULHSGFIN.22.09 Sep||127.85||-7.12||-7.3||31492000|
|CIPLA.22.09 Sep||1045.95||0.87||-4.85||7183800||GNFC.22.09 Sep||716.5||-6.34||-5.77||5687500|
|BEL.22.09 Sep||111.4||0.27||-5.51||74316600||ASTRAL.22.09 Sep||2350.5||-6.1||-2.66||1357400|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Godrej Cons Products Ltd||890.15||-4.18||1811452||1210318||69.37||Niftybank||40776.8||-1.05||23324343|
|Power Grid Corporation o||235.65||-0.82||22049732||16429035||66.06||Nifty it||26706.45||-3.71||2522884|
|Hindustan Unilever Ltd||2528.15||-1.26||2516820||1782926||65.84||India Vix||19.82||7.78||487741276|
|Hdfc Ltd.||2404.1||-2.25||6397528||4306640||65.16||Nifty Fmcg||43192.65||-1.93||726772|
|Sbi Life Insurance Compa||1272.25||-1.76||1717631||1030098||64.86||Nifty Pharma||12346.85||-1.37||76669830|
|Britannia Ind Ltd.||3639.55||-2.2||559137||379425||64.78||Nifty Realty||454.35||-3.72||2059907586|
|Dr. Reddys Lab Ltd||4077.35||-2.2||378704||208939||64.31||Nifty Auto||12954.45||-2.71||72661090|
|Icici Bank Ltd.||909.1||-0.93||11966860||8408878||64.18||Nifty Metal||6137.65||-2.02||154145234|
|Crompton Greaves Consume||399.45||-1.14||7244888||5980280||63.96||Nifty Financial Services||18372.05||-1.52||5559378|
UPCOMING ECONOMIC DATA
|INR: M3 Money Supply on 21st September, 2022
INR: Bank Loan Growth on 23rd September, 2022
| USD : Building Permits (Aug) on 20th September, 2022
USD : Fed Interest Rate Decision on 21st September, 2022
India’s stock benchmarks logged their worst week since June 17, following the sharp slide on Friday. Information technology stocks fell the most in the week, followed by auto, realty, oil and gas, and energy stocks. The Sensex lost nearly 1,100 points to close at 58,840.79 on the BSE. This is the first time the 30-stock gauge closed below 59,000 in two weeks since Sep. 2.
Overseas investors remained net sellers of Indian equities for the third day in a row on Friday. Foreign portfolio investors net sold equities worth Rs 3,260.05 crore, the highest in 13 weeks, as per data from the National Stock Exchange. However, the longest buying stretch by FPIs, this year so far, lasted 13 days from July 28 to Aug. 17. Domestic institutional investors too net sold equities.
The initial public offering (IPO) of leading precision bearing cages manufacturer Harsha Engineers International continued to attract strong response from investors. The issue was subscribed 74.7 times, garnering bids for 125.97 crore equity shares against offer size of 1.68 crore shares, on September 16, the final day of bidding.
Ambuja Cements Ltd.’s board approved raising Rs 20,000 crore through issue of convertible warrants to Harmonia Trade and Investment Ltd. The cement maker will issue 47.74 crore warrants representing 19.39% stake in the company, it said in an exchange filing. The issue price of the convertible warrants is set at Rs 418.87 apiece.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Meeting Date||Company Name||Purpose||Meeting Date|
|FEDDERELEC||Quarterly Results;Audited Results||19-Sep-22||SUPREMEINF||Quarterly Results||21-Sep-22|
|HATSUN||Right Issue of Equity Shares||19-Sep-22||GUJTLRM||Issue Of Warrants;Preferential Issue of shares||22-Sep-22|
|SYLPH||General||19-Sep-22||BHARATWIRE||Preferential Issue of shares;Employees Stock Option Plan||23-Sep-22|
|TIL||Audited Results||19-Sep-22||CAMPUS||Audited Results||23-Sep-22|
|DRCSYSTEMS||Preferential Issue of shares;General||20-Sep-22||SPAR||Right Issue of Equity Shares;General||23-Sep-22|
|ISWL||General||20-Sep-22||TANTIACONS||Quarterly Results;Audited Results;A.G.M.||23-Sep-22|
|ROSEMER||Issue Of Warrants;Preferential Issue of shares||20-Sep-22||XOINFO||General;A.G.M.||23-Sep-22|
|GKP||Bonus issue;General||21-Sep-22||COLORCHIPS||Stock Split||24-Sep-22|
|ROSEMER||Issue Of Warrants||21-Sep-22||GOVAI||General||26-Sep-22|
|SAGARSOFT||Quarterly Results||21-Sep-22||VALECHAENG||Audited Results||27-Sep-22|
|SPAL||Buy Back of Shares||21-Sep-22||INTETHR||A.G.M.||30-Sep-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ALICON||19-Sep-22||Final Dividend Rs.2.25||ICIL||19-Sep-22||Final Dividend Rs.2|
|APOLLOPIPES||19-Sep-22||Final Dividend Rs. 1||JINDALSAW||19-Sep-22||Dividend Rs. 2|
|AXITA||19-Sep-22||Dividend Rs. 0.50||JINDWORLD||19-Sep-22||Final Dividend Rs.0.10|
|BALMLAWRIE||19-Sep-22||Final Dividend Rs. 6.50||KALLAM||19-Sep-22||Final Dividend Rs. 0.20|
|BBL||19-Sep-22||Dividend Rs. 30||LICHSGFIN||19-Sep-22||Dividend Rs. 8.50|
|BCLIL||19-Sep-22||Final Dividend Rs. 3||MAZDOCK||19-Sep-22||Final Dividend Rs. 1.63|
|BIRLACORPN||19-Sep-22||Dividend Rs. 10||MCX||19-Sep-22||Dividend Rs. 17.40|
|BLIL||19-Sep-22||Final Dividend Rs. 30||MEDICAMEQ||19-Sep-22||Final Dividend Rs. 1|
|BLUECHIPT||19-Sep-22||Final Dividend Rs.3||MERCURYLAB||19-Sep-22||Final Dividend Rs. 3.5|
|CREATIVE||19-Sep-22||Final Dividend Rs. 10||MORGANITE||19-Sep-22||Final Dividend Rs.12|
|CUPID||19-Sep-22||Final Dividend Rs. 3.50||MYSORPETRO||19-Sep-22||Dividend Rs. 2.50|
|CYBERTECH||19-Sep-22||Final Dividend Rs. 1.50||NCLIND||19-Sep-22||Final Dividend Rs. 1.50|
|DCW||19-Sep-22||Final Dividend Rs.0.40||NEOGEN||19-Sep-22||Final Dividend Rs. 2.75|
|ENIL||19-Sep-22||Dividend Rs.1||NGIL||19-Sep-22||Final Dividend Rs.0.15|
|FILATEX||19-Sep-22||Final Dividend Rs.0.20||NIPPOBATRY||19-Sep-22||Dividend Rs. 5|
|FLUIDOM||19-Sep-22||Dividend Rs. 3.50||ORICON||19-Sep-22||Final Dividend Rs. 1|
|GNFC||19-Sep-22||Dividend Rs. 10||ORIRAIL||19-Sep-22||Dividend Rs. 0.25|
|GRWRHITECH||19-Sep-22||Dividend Rs. 10||PFIZER||19-Sep-22||Special Dividend Rs.30|
|GULPOLY||19-Sep-22||Final Dividend Rs. 1||PRESTIGE||19-Sep-22||Final Dividend Rs.1.50|
|HALDER||19-Sep-22||Final Dividend Rs. 1||PRIMESECU||19-Sep-22||Final Dividend Rs.2.25|
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