Morning-Outlook-Feature-Image

Morning-outlook-1 july

NIFTY:

Nifty opened at 15774.50 with a minor gap down of 25 points. The index initially moved up towards 15900 and faces resistance around this level. Prices have recorded its intraday high at 15890 and then turned down by more than 150 points. The index has seen a pullback of almost 100 points in the afternoon but prices again face strong resistance. Another decline of more than 100 points came in the last hour of trading and prices have recorded its intraday low at 15728.85. The index finally closed at 15780.25 with a loss of just 18.85 points or 0.12% down.

As of now, the short-term trend is sideways and the NIFTY has locked itself in a narrow trading range for the past four trading days. A breakout may give us a directional move here. We should look for a buying opportunity above 15950 or sell short below 15650.In case of a gap beyond these levels, wait for prices to come there. Keep a stop of 110 points and a target of 240 points.

BANK NIFTY:

Bank Nifty opened at 33273.55 with a big gap down of 419 points. The index initially continued moving lower but soon finds support around 33200 and bounced up after recording its intraday low at 33185.25. A rally faces resistance very quickly and the index begins a process of consolidation. Prices have recorded its intraday high at 33422.80 and finally closed at 33239.25 wit h a loss of 453 points. PVT and PSU BANKS both have performed almost the same today, saw a down move, and ended with a loss of 1.12% & 0.90% respectively. Within the index, in terms of points, PNB contributed the highest on the upside while AXIS BANK contributed the lowest.

The short-term trend is sideways. The Index again opened wit h a gap down which is sustained today. However, prices did not add on the downside and moved in a narrow range throughout the day.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
NTPC 142.90 BUY The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be buy  with a stop loss of 141.30 and for the target of  146.
DEEPAKNTR 1736 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 1735 with a stop loss of 1750 and target of 1700.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATAPOWER 195 PE BUY 6.60 CMP 4 12 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ABB.22.06 Jun 2296.25 0.21 4.68 464000 DELTACORP.22.06 Jun 166.95 -7.97 0.96 9869300
MARICO.22.06 Jun 477.85 0.28 22.55 1375000 CONCOR.22.06 Jun 588.6 -4.66 50.42 2291200
NTPC.22.06 Jun 142.3 0.35 10.4 35807400 VEDL.22.06 Jun 222.25 -4.29 12.68 17804850
VOLTAS.22.06 Jun 977.7 0.38 4.76 715500 MOTHERSON.22.06 Jun 117.8 -3.56 58.71 21213500
PFC.22.06 Jun 104.2 0.43 11.1 12536400 IDEA.22.06 Jun 8.35 -3.47 0.32 3.73E+08
                                                                        Short Covering                                                                       Long Unwinding
APOLLOTYRE.22.06 Jun 186 0.05 -13.24 2112500 JINDALSTEL.22.06 Jun 324.1 -4.7 -1.24 6943750
IPCALAB.22.06 Jun 898.75 0.21 -41.16 131850 BSOFT.22.06 Jun 354.45 -4.6 -42.57 527800
ICICIBANK.22.06 Jun 705.95 0.31 -15.69 7364500 STAR.22.06 Jun 330.5 -4.53 -10.91 1654200
GSPL.22.06 Jun 217.65 0.42 -14.19 637500 IRCTC.22.06 Jun 576.95 -4.3 -39.82 1145375
BANKNIFTY.22.06 Jun 33420 0.44 -43.62 541600 INDIACEM.22.06 Jun 155.65 -3.95 -20.48 2128600

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1461.9 -0.09 9165177 0 77.23 Nifty50 15780.25 -0.12 82188
Mphasis Limited 2294.05 -0.89 334462 0 74.63 Niftybank 33425.1 0.47 82188
United Spirits Limited 759.75 1.88 1328305 0 71.86 Nifty it 27843.35 -1.05 82188
Kotak Mahindra Bank Limi 1661.1 1.14 3982064 0 68.9 India Vix 21.84 -0.27 82188
Icici Lombard General In 1120.95 0.84 619793 0 68.88 Nifty Fmcg 37664.55 -0.06 82188
Icici Bank Ltd. 707.2 0.63 11970404 0 68.07 Nifty Pharma 12159.35 -0.42 82185
Hdfc Ltd. 2170.85 -0.29 3052310 0 66.88 Nifty Realty 385.3 -1.19 82188
Page Industries Limited 40166.5 -2.1 52445 0 66.69 Nifty Auto 11701.15 -1.26 82188
Hcl Technologies Ltd. 973.25 -1.45 3741119 0 66.13 Nifty Metal 4660.9 -1.99 82188
Itc Ltd. 273.5 -0.2 19262054 0 65.86 Nifty Financial Services 15474.4 0.42 82182

UPCOMING ECONOMIC DATA

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

INR:  Trade Balance on 1st July, 2022

•USD:  ISM Manufacturing PMI (Jun)  on 1st July, 2022

NEWS UPDATES

  • Murugappa Group on Thursday reported a 23 per cent rise in net profit at Rs 5,520 crore for the financial year 2021-22, compared to Rs 4,481 crore during the same period in 2020-21. The group’s turnover increased by 31 per cent to Rs 54,722 crore, as against Rs 41,706 crore in 2020-21.

  • State-owned Indian Oil Corporation (IOC) will invest over Rs 740 crore to raise the capacity of the nation’s oldest oil refinery at Digboi in Assam. In a stock exchange filing, IOC said its board has approved raising of Digboi refinery capacity from 0.65 million tonnes per annum to 1 million tonnes along with associated facilities at an estimated cost of Rs 740.20 crore. “The project is expected to be commissioned by October 2025,” it said. “The capacity expansion would improve the profitability of the Digboi refinery.”

  • Signalling that on the back of adequate capital buffers and improving asset quality levels, the Indian banking system is well-positioned to support economic growth, the Reserve Bank of India in its Financial Stability Report for June said that in March 2022, the gross net performing assets’ ratio fell to a six-year low of 5.9%. It also noted that the bank credit grew in double-digits after a long hiatus.

  • The country’s largest carmaker Maruti Suzuki will continue to strengthen its presence across segments, with a special focus om SUVs, Managing Director Hisashi Takeuchi said. The new Brezza – priced between Rs 7.99-13.96 lakh (ex-showroom) – will take on the likes of Hyundai Venue and Kia Sonet in the entry-level SUV segment. Maruti Suzuki has invested Rs 760 crore, along with supplier partners, to develop the all new Brezza.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
MERMETL General 01-Jul-22 AUTOLITIND General 04-Jul-22
QUANTBUILD General 01-Jul-22 EASTSUGIND Audited Results;Quarterly Results 04-Jul-22
ROOPSHRI General 01-Jul-22 MEWATZI Quarterly Results 04-Jul-22
SUPRAP General 01-Jul-22 MLKFOOD General 04-Jul-22
WEBELSOLAR General;Preferential Issue of shares 01-Jul-22 MOSCHIP Preferential Issue of shares 04-Jul-22
AML A.G.M.;Increase in Authorised Capital 02-Jul-22 NIBE A.G.M. 04-Jul-22
INDOUS A.G.M.;Preferential Issue of shares 02-Jul-22 POBS A.G.M. 04-Jul-22
TCMLMTD General 02-Jul-22 PVP General 04-Jul-22
TOYAMIND General 02-Jul-22 SAICOM Stock  Split 04-Jul-22
AROMAENT Audited Results;General 04-Jul-22 TRADWIN Quarterly Results 04-Jul-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANANTRAJ 01-Jul-22 Final Dividend – Rs. – 0.1200 PETRONET 04-Jul-22 Final Dividend – Rs. – 4.50
GEOJITFSL 01-Jul-22 Final Dividend – Rs. – 3.00 PIONEEREMB 04-Jul-22 Dividend – Rs. – 0.30
JYOTHYLAB 01-Jul-22 Final Dividend – Rs. – 2.50 PSB 04-Jul-22 Dividend – Rs. – 0.3100
L&TFH 01-Jul-22 Final Dividend – Rs. – 0.50 YASHO 04-Jul-22 Final Dividend – Rs. – 0.50
MATRIMONY 01-Jul-22 Buy Back of Shares ELEMARB 05-Jul-22 Final Dividend – Rs. – 2.7500
MOTILALOFS 01-Jul-22 Dividend – Rs. – 3.00 MINDTREE 05-Jul-22 Final Dividend – Rs. – 27.00
SIYSIL 01-Jul-22 Final Dividend – Rs. – 3.20 MPHASIS 05-Jul-22 Dividend – Rs. – 46.00
SVARTCORP 01-Jul-22 Bonus issue 5:4 WHEELS 05-Jul-22 Dividend – Rs. – 8.30
TIDEWATER 01-Jul-22 Final Dividend – Rs. – 15.00 CENTURYTEX 06-Jul-22 Dividend – Rs. – 4.00
XPROINDIA 01-Jul-22 Bonus issue 1:2 PONNIERODE 06-Jul-22 Dividend – Rs. – 5.50
EKI 04-Jul-22 Bonus issue 3:1 ASTRAZEN 07-Jul-22 Final Dividend – Rs. – 8.00
JSWSTEEL 04-Jul-22 Final Dividend – Rs. – 17.3500 AXISBANK 07-Jul-22 Final Dividend – Rs. – 1.00

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