Morning-Outlook-Feature-Image
Outlook-1-12-2021

NIFTY:

Nifty opened at 17051.15 without much of a gap,the index first moved up , rose more than 250 points within the first two our of trading and recorded its intraday high at 17324.64 prices found resistance there and started drifting downward a steep decline first erased all the gains and then prices moved in phase of consolidation , that consolidation broke on the downside. The index saw a steep decline in the last hour of trade recorded its intraday low at 16931.40 and finally closed at 16983.20 near its intraday low  with a loss of 70.75 points. The metal led the decline today and ended nearly 2% lower

It is wise to stay away from the market for the time being and wait for the volatility to cool off as the short term trend Is down we should consider only shorting opportunity, for buying we now have to wait for a breakout above 17500 or wait for the price to consolidate .Below the support is visible around 16700, volatility is very high we should avoid trading the index.

BANK NIFTY:

Bank Nifty opened at 35958.80 without much of a gap, prices started moving up from the opening tick and recorded its intraday high at 36774.20, the index then tumbled and saw a steep decline  to record its intraday low at 35526.35, prices saw consolidation in the afternoon and finally closed at 35600.90 with a loss of 342 points .PSU and Private Bank both performed same , saw a decline and closed at 0.73% and 0.58% low. Within the index in term of points Bandhan Bank contributed the highest while Kotak bank contributed the lowest

The Index continued making lower low suggest that the short term trend is still on the downside, as we have mentioned support is visible around 35000, the index is headed toward that level , volatility is very high so in such environment traders should avoid trading the index.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
SAIL 100 SELL The stock is on the verge of giving the breakdown on the intraday as well as the daily chart. The stock can be sold  with a stop loss of 102 and for the target of  95.
CADILAHC 465 BUY The  immediate trend of the script is bullish. There is a positive  cross over of moving averages  as well as of the indicators therefore  it can be buy above 468 with a stop loss of 457and target  of 485.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
JSWSTEEL 600 PE BUY 23 CMP 17 35 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RECLTD.Dec 30 135.25 5.91 17.24 62424000 MPHASIS.Dec 30 2848.15 -5.18 77.58 2533050
NAVINFLUOR.Dec 30 3764.95 5.88 17.37 612675 GODREJPROP.Dec 30 1969.95 -4.93 90.17 3642275
METROPOLIS.Dec 30 3287.4 4.7 4.94 633400 TATASTEEL.Dec 30 1073 -4.04 4.68 51734400
INDHOTEL.Dec 30 180.95 4.63 4.62 18026604 MINDTREE.Dec 30 4295.3 -3.82 43.65 2872200
GSPL.Dec 30 314.35 4.19 14.79 1042100 PIIND.Dec 30 2862.8 -3.26 7.04 1725000
                                                                        Short Covering                                                                       Long Unwinding
TORNTPHARM.Dec 30 3054.95 0.24 -1.71 775000 HAL.Dec 30 1275 -2.1 -0.93 2721750
OFSS.Dec 30 4237.6 0.71 -1.23 653750 ZEEL.Dec 30 325.15 -1.72 -0.54 80943000
AMARAJABAT.Dec 30 617.6 0.95 -0.83 9523000 IBULHSGFIN.Dec 30 228.7 -1.15 -3.17 49482200
APLLTD.Dec 30 808.2 0.97 -0.58 1877700 ESCORTS.Dec 30 1853 -0.48 -0.66 5960350
SYNGENE.Dec 30 598 1.42 -1.95 1065900 SUNTV.Dec 30 521.4 -0.17 -1.19 11107500

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Crompton Greaves Consume 448.25 1.12 1829211 0 71.79 Nifty 50 16983.2 -0.41 84960
Whirlpool 2041.8 0.38 953408 0 69.87 Nifty it 35043.75 0.5 84963
Hdfc Ltd. 2673.1 -1.5 7628539 0 67.52 Nifty Fmcg 37386.95 0.17 84963
Balkrishna Ind. Ltd 2174.75 0.53 554262 0 65.63 Nifty Pharma 13662.8 0.1 84963
Icici Lombard General In 1437.35 0.22 1428578 0 63.95 Nifty Services Sector 23997.3 -0.23 84963
Hdfc Life Insurance Comp 680.8 -0.42 11535239 0 63.7 Nifty Mnc 18540.55 -0.4 84963
Hindustan Unilever Ltd 2317.55 -0.51 3931035 0 63.36 Nifty Financial Services 17534.75 -0.54 84966
Hdfc Bank Ltd. 1493.55 -0.51 12610771 0 61.6 Nifty Bank 35695.3 -0.78 84963
Aarti Industries Ltd. 937.3 1.21 898079 0 61.3 Nifty Auto 10603.55 -0.94 84966
Jk Cement Limited 3234.95 1.6 74084 0 61.29 India Vix 18.81 -9.7 84960

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Nikkei Markit Manufacturing PMI (Nov) on 1st December, 2021

INR: Nikkei Services PMI (Nov) on 3rd December, 2021

•USD: ADP Nonfarm Employment Change (Nov) on 1st  December, 2021

•USD: ISM Manufacturing PMI (Nov) on 1st December, 2021

NEWS UPDATES

•The central government’s fiscal deficit at end-October worked out to be 36.3 per cent of the annual budget target for 2021-22 due to an improvement in the revenue collection, according to official data released on Tuesday. Fiscal deficit or the gap between expenditure and revenue was 119.7 per cent of the budget estimate of 2020-21 during the corresponding period last year.

•The central government’s fiscal deficit at end-October worked out to be 36.3 per cent of the annual budget target for 2021-22 due to an improvement in the revenue collection, according to official data released on Tuesday. Fiscal deficit or the gap between expenditure and revenue was 119.7 per cent of the budget estimate of 2020-21 during the corresponding period last year.

•The JSW Group’s e-commerce business, JSW One Platforms has commenced its fulfillment operations for its JSW One MSME business division in Tamil Nadu. JSW One MSME, a platform which will offer an e-commerce marketplace for small and medium-size manufacturers and contractors, will offers the MSME customers a tech-based marketplace for buying raw materials and consumables in easy and convenient manner.

•State-owned Coal India Ltd on Tuesday said it will invest an estimated Rs 19,650 crore to strengthen its rail infrastructure. The move will increase coal evacuation capacity of the PSU through rail mode by an additional 330 million tonnes per annum (MTPA) by FY2023-24 when the production is expected to scale up significantly.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ARL General 01-Dec-21 MADHAVIPL General 02-Dec-21
HATSUN General 01-Dec-21 NOVIS A.G.M.;Audited Results 02-Dec-21
MANGIND General 01-Dec-21 PACL Stock  Split 02-Dec-21
MEL General 01-Dec-21 PATINTLOG General;Rights Issue 02-Dec-21
MONEYBOXX Preferential Issue of shares 01-Dec-21 TOYAMIND General 02-Dec-21
RPIL General;Scheme of Arrangement 01-Dec-21 XPROINDIA General 02-Dec-21
RRMETAL General 01-Dec-21 GVKPIL Quarterly Results 03-Dec-21
STL Half Yearly Results 01-Dec-21 ISTRNETWK General 03-Dec-21
TILAK Right Issue of Equity Shares 01-Dec-21 JJEXPO A.G.M.;Audited Results 03-Dec-21
TTL Interim Dividend 01-Dec-21 MRPL General 03-Dec-21
VIRPOLY General 01-Dec-21 NMDC Interim Dividend 03-Dec-21
ANMOL General 02-Dec-21 SDC Half Yearly Results 03-Dec-21
CGPOWER General 02-Dec-21 SHARP Quarterly Results 03-Dec-21
JUBLINGREA General 02-Dec-21 STDSFAC General 03-Dec-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SHEETAL 01-Dec-21 E.G.M. NCLRESE 02-Dec-21 Bonus issue 1:1
TIGERLOGS 01-Dec-21 Interim Dividend – Rs. – 1.0000 NOVAPUB 02-Dec-21 E.G.M.
VISVEN 01-Dec-21 Right Issue of Equity Shares IEX 03-Dec-21 Bonus issue 2:1
APOLLOPIPES 02-Dec-21 Bonus issue 2:1 COALINDIA 06-Dec-21 Interim Dividend – Rs. – 9.0000
BAJAJST 02-Dec-21 Final Dividend – Rs. – 3.0000 PANCHSHEEL 06-Dec-21 Bonus issue 1:1
GRATEXI 02-Dec-21 E.G.M. CHLOGIST 07-Dec-21 E.G.M.
NCLRESE 02-Dec-21 Stock  Split From Rs.2/- to Rs.1/- GPL 08-Dec-21 Amalgamation

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