Morning-Outlook-Feature-Image

Morning-outlook-1aug

NIFTY:

Today, the NIFTY opened at 17079.50 with a big gap up of 150 points the index continued moving higher and crossed above 17100 but soon faces resistance and drifted downwards. Prices have seen a sharp decline and almost reached 17000. The index then takes a reversal from there after recording its intraday low at 17018.15 and rallied sharply. The index consolidated in a tight narrow range for the whole afternoon and again rallied in the last 30 minutes to record its intraday high at 17172.80. Prices have finally closed at 17158.25 with a gain of 228.65 points or 1.35% up. All the sectoral indices have seen an upside move today and closed higher. METAL outperformed today and ended with a gain of nearly 4% followed by OIL GAS which ended with a gain of over 2%. The NIFTY broke its resistance around 17000 decisively and rallied further. This breakout level should now act as a support level for the index. It means a close below 17000 suggests not taking long trades. Since we do not have an adequate setup to trade so we will avoid trading the index for the time being. Fresh trade should emerge either on a dip or if the index again consolidated and formed a narrow trading range. Both the trend and momentums have aligned on the upside suggests higher levels are ahead.

BANK NIFTY:

Today, the BANK NIFTY opened at 37717.30 with big gap up of 381points. The index did not sustain at higher levels and started moving lower after recording its intraday high at 37754.65. Prices have filled the gap and went into negative territory but soon finds support and bounced up after recording its intraday low at 37221.15. The index remains in positive territory afterward and finally dosed at 37486 with a gain of 150 points. PVT BANKS have outperformed today and dosed withagainof0.58%. PSU BANKS have underperformed today and ended with loss of 1.17%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while SBIN contributed the lowest The short-term trend is up. Immediate support is now visible around 36800. Buying should be done as far as the index is moving above this support. As of now, we do not have an inadequate setup to trade so we will avoid trading the index. Fresh trade should emerge either after a dip or if the index consolidates for a few trading days and formed a narrow trading range.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE
HDFC 2377.80 BUY Stock made a base at lower levels and gave breakout, currently price waiting at higher levels to continue its upside journey. One should buy at CMP for the target of 2428 with SL of 2362.
DLF 384 SELL Short term trend of the stock is up it stretches too much without any retracement now it showing some selling pressure. One should sell @CMP for the target of 372.20 with SL of 392.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HDFC (CE) 2400 BUY 51.25 CMP 42 66 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SBILIFE.22.08 Aug 1301.15 9.64 163.48 7017000 SRTRANSFIN.22.08 Aug 1366.05 -6.65 357.35 4330200
TATASTEEL.22.08 Aug 107.5 7.39 669.74 234952750 NAM-INDIA.22.08 Aug 274.65 -5.7 964.54 2401600
GMRINFRA.22.08 Aug 37.75 6.34 1721.8 109035000 INTELLECT.22.08 Aug 634.85 -4.88 2415.79 1434000
NAUKRI.22.08 Aug 4349.8 6.25 4044.68 1461000 M&MFIN.22.08 Aug 187.5 -4.87 1510.12 26728000
LALPATHLAB.22.08Aug 2269.1 6.07 2115.53 1141000 PNB.22.08 Aug 31.45 -3.68 1818.91 207856000
                                                                        Short Covering                                                                       Long Unwinding

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Crompton Greaves Consume 394.4 2.88 1438648 680048 78.15 Nifty50 17158.25 1.35 36512208
Ambuja Cements Ltd 374.8 1.07 6522804 4539241 73.51 Niftybank 37491.4 0.3 16640208
Power Grid Corporation o 213.95 -0.12 11574801 8610992 71.48 Nifty it 29152.3 1.71 1615226
Icici Lombard General In 1219.9 2.58 639036 392607 70.17 India Vix 16.55 -2.7 364121615
Hdfc Life Insurance Comp 555.5 4.5 14236016 6299924 66.92 Nifty Fmcg 42487.4 0.51 458495
Siemens Ltd 2694.2 0.4 428739 250875 66.21 Nifty Pharma 12776.55 0.92 49026428
Hdfc Bank Ltd. 1434.2 1.22 10009868 6624853 65.97 Nifty Realty 450.95 0.93 1385960072
Abb Limited 2736.15 0.51 248397 127513 65.46 Nifty Auto 12543.2 1.29 49816358
Dabur India Ltd. 584.1 1.99 2161611 1409483 64.16 Nifty Metal 5485.8 3.86 114655670
Icici Bank Ltd. 818.6 0.49 11095993 7212288 63.77 Nifty Financial Services 17437.8 0.91 6653553

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  Nikkei S&P Global Manufacturing PMI (Jul) on 1st August, 2022

INR:  Trade Balance on 2nd August, 2022

•USD:  Manufacturing PMI (Jul) on 1st August, 2022

NEWS UPDATES

  • Private sector lender Yes Bank Ltd. said that it will raise Rs 8,898.47 crore (approximately $1.11 billion) from private equity firms Carlyle Group and Advent International. The bank’s board met on Friday to assess the investment proposals and approved them. To facilitate this investment, the bank has also increased its authorised share capital from Rs 6,200 crore to Rs 8,200 crore.

  • Auctions for 5G spectrum continued for the fifth day on Saturday, after fetching bids worth Rs 1,49,855 crore from players such as Reliance Jio and Bharti Airtel so far. Continued interest for radiowaves has led to stretching of the auction to Saturday, and according to sources, 24th round of bidding is underway. About 71 per cent of the total spectrum put on the block has been provisionally sold so far, Telecom Minister Ashwini Vaishnaw had said on Friday, terming it a ‘good response.

  • Biocon Ltd. is expecting growth in the second half of 2022 even as it missed forecasts in the first quarter. “We have had robust growth of 23% compared to last year. We expect more product approvals, newer capacities to be qualified and commissioned which will lead to increased supply to customers, and increase in market share of already launched products such as the biosimilar Glargine,” Siddharth Mittal, managing director and chief executive officer at Biocon.

  • Auto component major Sundram Fasteners (SFL) posted a consolidated net profit of Rs 138.03 crore during Q1FY23, up 14.5 per cent from Rs 120.51 crore reported during the same period last year.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ALKYLAMINE Quarterly Results 01-Aug-22 PDSL General;Quarterly Results 01-Aug-22
ARVIND Quarterly Results 01-Aug-22 PRUDENT Quarterly Results 01-Aug-22
ASAL Quarterly Results 01-Aug-22 PSB Quarterly Results 01-Aug-22
BAJAJCON Quarterly Results 01-Aug-22 RAMCOCEM Quarterly Results 01-Aug-22
BARBEQUE Quarterly Results 01-Aug-22 RATEGAIN Quarterly Results 01-Aug-22
CASTROLIND Interim Dividend;Quarterly Results 01-Aug-22 RBGUPTA Quarterly Results 01-Aug-22
DGCONTENT Quarterly Results 01-Aug-22 RCRL A.G.M.;General 01-Aug-22
EASEMYTRIP Employees Stock Option Plan;General 01-Aug-22 RRMETAL General 01-Aug-22
ESCORTS General;Quarterly Results 01-Aug-22 SAGARPROD Quarterly Results 01-Aug-22
EVEREADY Quarterly Results 01-Aug-22 SEML General 01-Aug-22
GALLOPENT Quarterly Results 01-Aug-22 SHREDIGCEM Quarterly Results 01-Aug-22
GOODYEAR Quarterly Results 01-Aug-22 SNOWMAN Interim Dividend;Quarterly Results 01-Aug-22
HGINFRA Quarterly Results 01-Aug-22 SVGLOBAL Quarterly Results 01-Aug-22
ITC Quarterly Results 01-Aug-22 SYMBIOX General;Quarterly Results 01-Aug-22
JUMBO General;Quarterly Results 01-Aug-22 THYROCARE Quarterly Results 01-Aug-22
KANSAINER Quarterly Results 01-Aug-22 TRITURBINE Quarterly Results 01-Aug-22
KAYA Quarterly Results 01-Aug-22 UPL Quarterly Results 01-Aug-22
MAHACORP Quarterly Results 01-Aug-22 VANDANA General;Quarterly Results 01-Aug-22
MARUTISE Quarterly Results 01-Aug-22 VBL Interim Dividend;Quarterly Results 01-Aug-22
MFSL Quarterly Results 01-Aug-22 VIVIDHA Quarterly Results 01-Aug-22
NELCAST Quarterly Results 01-Aug-22 VTMLTD Quarterly Results 01-Aug-22
OAL Quarterly Results 01-Aug-22 WARDINMOBI A.G.M.;General;Quarterly Results 01-Aug-22
OMEAG Quarterly Results 01-Aug-22 WELSPLSOL Quarterly Results 01-Aug-22
ORBTEXP Quarterly Results 01-Aug-22 XPROINDIA Quarterly Results 01-Aug-22
PACL Quarterly Results 01-Aug-22 ZOMATO Quarterly Results 01-Aug-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ALBERTDA 01-Aug-22 Dividend – Rs. – 9.00 CUMMINSIND 02-Aug-22 Final Dividend – Rs. – 10.50
BHARTIARTL 01-Aug-22 Dividend – Rs. – 3.00 DLF 02-Aug-22 Dividend – Rs. – 3.00
GAEL 01-Aug-22 Dividend – Rs. – 0.6500 HERCULES 02-Aug-22 Final Dividend – Rs. – 1.2500
GAIL 01-Aug-22 Final Dividend – Rs. – 1.00 HERCULES 02-Aug-22 Special Dividend – Rs. – 0.60
HIRECT 01-Aug-22 Dividend – Rs. – 0.40 IGPL 02-Aug-22 Dividend – Rs. – 10.00
IIFLWAM 01-Aug-22 Interim Dividend – Rs. – 15.00 JKCEMENT 02-Aug-22 Final Dividend – Rs. – 15.00
KIRLOSIND 01-Aug-22 Final Dividend – Rs. – 10.00 KCP 02-Aug-22 Final Dividend – Rs. – 1.00
MENNPIS 01-Aug-22 Final Dividend – Rs. – 0.7500 KIRLOSBROS 02-Aug-22 Final Dividend – Rs. – 3.00
NAVA 01-Aug-22 Final Dividend – Rs. – 6.00 LXMIATO 02-Aug-22 Dividend – Rs. – 10.00
PAUSHAKLTD 01-Aug-22 Final Dividend – Rs. – 12.00 MCLOUD 02-Aug-22 Final Dividend – Rs. – 0.50
PGINVIT 01-Aug-22 Income Distribution (InvIT) ORIENTPPR 02-Aug-22 Dividend – Rs. – 0.2500
PUNJABCHEM 01-Aug-22 Final Dividend – Rs. – 3.00 RAMCOCEM 02-Aug-22 Dividend – Rs. – 3.00
RATNAMANI 01-Aug-22 Dividend – Rs. – 9.3300 RAMCOIND 02-Aug-22 Final Dividend – Rs. – 1.00
SUDARSCHEM 01-Aug-22 Final Dividend – Rs. – 5.00 SHK 02-Aug-22 Final Dividend – Rs. – 0.7500
UNICHEMLAB 01-Aug-22 Final Dividend – Rs. – 4.00 SIGACHI 02-Aug-22 Interim Dividend – Rs. – 1.00
ABBOTINDIA 02-Aug-22 Final Dividend – Rs. – 145.00 TCPLPACK 02-Aug-22 Final Dividend – Rs. – 10.00
ABBOTINDIA 02-Aug-22 Special Dividend – Rs. – 130.00 UBL 02-Aug-22 Dividend – Rs. – 10.50
ANANDRATHI 02-Aug-22 Final Dividend – Rs. – 6.00 ULTRACEMCO 02-Aug-22 Final Dividend – Rs. – 38.00
CENTUM 02-Aug-22 Final Dividend – Rs. – 2.50 ANUHPHR 03-Aug-22 Final Dividend – Rs. – 1.7500
CHOLAHLDNG 02-Aug-22 Dividend – Rs. – 0.5500 ANURAS 03-Aug-22 Interim Dividend – Rs. – 0.40

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