Morning-Outlook-Feature-Image

Morning-outlook-1june

NIFTY:

Nifty opened at 16578.45 with a gap down of 83 points. The index moved further on the downside, finds support quickly, and then turned up sharply. An intraday rally takes place for about two hours that lead prices into positive territory and then the index started consolidating. That consolidation eventually broke on the downside. Prices have recorded its intraday high at 16690.75 and fell in the last 30 minutes of trading. The index recorded its intraday low at 16521.90 and finally closed at 16584.55 with a loss of 76.85 points or 0.46% down. REALTY outperformed today by ending 2% higher followed by the MEDIA and META L which ended wit h over 1% gain. BANK and FINANC IAL have led the bears today and ended with a loss of nearly 1%. We have seen a trading range breakout and then the index rallied for three days. The breakout level should now act as a support level which comes around 6350 – 16400 zones. A dip inside this zone is a buying opportunity.

BANK NIFTY:

Bank Nifty opened at 35615.30 with a gap down of 217 points. The index initially moved higher and filled the gap within the first two hour of trading. Prices then consolidated there and eventually broke down after recording its intraday high at 35881.95. The index has seen a sharp intraday decline in the last thirty minutes of trading, recorded its intraday low at 35288.95, and finally closed at 35362.85 wit h a loss of 470 points.

PSU and PVT BANKS both have performed almost the same today, saw an intraday decline, and closed lower by 1.03% & 0.77% respectively. Within the index, in terms of points, KOTAK BANK contributed the highest on the downside followed by the HDFC BANK.

The short-term trend is still up. The index has seen a breakout from a trading range and then rallied. The breakout points should now act as a support level. A retest of that level may give us a buying opportunity. Tomorrow, look to buy on a dip at or below 34500 wit h a stop of 300 points and a target of 800 points.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
DEEPAKNTR 1997 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 1980 and for the target of 2050.
BANKBARODA 100.25 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 100 with a stop loss of 102 and target of 95.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SUNPHARMA 850 PE BUY 25 CMP 20 40 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TATAMOTORS.06 Jun 443.8 0.01 2.77 71083275 AARTIIND.22.06 Jun 762.75 -6.35 51.07 3590400
UPL.22.06 Jun 780.05 0.02 2.04 19545500 METROPOLIS.22.06 Jun 1616.4 -4.65 17.38 648400
DEEPAKNTR.22.06 Jun 1991.8 0.02 3 985750 GLENMARK.22.06 Jun 395 -3.73 10.69 6705650
M&MFIN.22.06 Jun 179.05 0.03 8.59 21904000 KOTAKBANK.22.06 Jun 1842.05 -3.57 14.79 14283600
MPHASIS.22.06 Jun 2590.95 0.06 2.1 1693650 SUNPHARMA.22.06 Jun 859.35 -3.5 11.19 23319800
                                                                        Short Covering                                                                       Long Unwinding
CHAMBLFERT.22Jun 363.8 0.51 -1.06 3216000 JUBLFOOD.22.06 Jun 551.85 -2.97 -3.42 12311875
MANAPPURAM.22 Jun 95.7 1.11 -2.32 25929000 HDFC.22.06 Jun 2303.1 -1.51 -0.35 22656600
GMRINFRA.22.06 Jun 38.1 -1.3 -0.04 1.05E+08
HDFCBANK.22.06 Jun 1386 -1.17 -0.16 66488950
BATAINDIA.22.06 Jun 1874.15 -1.08 -1.19 1387925

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2306.75 -2.56 6282851 0 75.12 Nifty50 16584.55 -0.46 86310
Crompton Greaves Consume 361.45 2.8 2771435 0 69.57 Niftybank 35487.4 -0.95 86310
Atul Ltd. 8145.2 -2.44 30592 0 68.14 Nifty it 29679.05 -0.25 86310
Hdfc Asset Management Co 1896.8 3.35 6788518 0 67.43 India Vix 20.48 2.5 86310
Infosys Limited 1503.6 -1.52 16033857 0 67.42 Nifty Fmcg 38713.45 0.27 86310
Zydus Lifesciences Limit 378.35 0.2 3035994 0 66.33 Nifty Pharma 12604.45 -0.53 86310
Power Grid Corporation o 232.9 2.04 19763659 0 64.04 Nifty Realty 411.7 2.01 86310
Kotak Mahindra Bank Limi 1846.85 -2.96 14830306 0 62.58 Nifty Auto 11586.6 0.83 86310
Dabur India Ltd. 519 1.74 5516297 0 60.71 Nifty Metal 5332.75 1.31 86310
Godrej Cons Products Ltd 766.95 -3.71 6437056 0 59.96 Nifty Financial Services 16475.7 -0.92 86310

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Nikkei Markit Manufacturing PMI (May) on 1st June, 2022

INR: Trade Balance on 2nd June, 2022

•USD:  ISM Manufacturing PMI (May) on 1st June, 2022

•USD:  JOLTs Job Openings (Apr) on 1st June, 2022

NEWS UPDATES

  • Fiscal deficit for 2021-22 worked out to be 6.71 per cent of the gross domestic product (GDP), lower than 6.9 per cent projected by the Finance Ministry in the revised Budget Estimates, according to government data released on Tuesday. Unveiling the revenue-expenditure data of the Union government for 2020-21, the Controller General of Accounts (CGA) said that the fiscal deficit in the absolute terms was be Rs 15.86 trillion (provisional).

  • Coffee Day Enterprises Ltd has reported a consolidated net profit of Rs 58.67 crore for the fourth quarter ended March 2022. The company had posted a net loss of Rs 272.09 crore in the January-March quarter a year ago, Coffee Day Enterprises Ltd (CDEL) said in a BSE filing. CDEL’s revenue from operation rose 2.81 per cent to Rs 169.81 crore against Rs 165.16 crore in the year-ago period.

  • ITC Infotech is eyeing revenues of $500 million over the next five years from DxP Services – a unit being created from the acquisition of a portion of US software and services company, PTC’s, product lifecycle management (PLM) business. Last month, ITC Infotech announced that it would be acquiring a part of PTC’s product lifecycle management (PLM) implementation services business and create a new business unit, DxP Services, combining professional services experts from both companies.

  • Euro zone inflation rose to yet another record high in May, challenging the European Central Bank view that gradual interest rate increases from July will be enough to tame stubbornly high price growth.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
CHADPAP Audited Results 01-Jun-22 YESBANK General 02-Jun-22
GANGESSEC General 01-Jun-22 ZODIACVEN Audited Results 02-Jun-22
ICLORGANIC General 01-Jun-22 ASHNI General 03-Jun-22
PDSL General;Stock  Split 01-Jun-22 ASRL General;Rights Issue 03-Jun-22
RASSIREF Audited Results 01-Jun-22 HDIL Quarterly Results 03-Jun-22
RSYSTEMINT Interim Dividend;General 01-Jun-22 KOCL General 03-Jun-22
STARHFL Final Dividend;General 01-Jun-22 OPTOCIRCUI Quarterly Results 03-Jun-22
TRIVENIENT A.G.M.;General 01-Jun-22 SUPRAP General 03-Jun-22
AKI Bonus issue;General;Pref. Issue 02-Jun-22 VIVIMEDLAB Audited Results;Quarterly Results 03-Jun-22
DDIL General 02-Jun-22 DIVSHKT General 04-Jun-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADVANIHOTR 01-Jun-22 Interim Dividend – Rs. – 1.4000 KALLAM 02-Jun-22 Right Issue of Equity Shares
DATAINFRA 01-Jun-22 Income Distribution (InvIT) MISHTANN 02-Jun-22 Bonus issue 1:1
GTPL 01-Jun-22 Final Dividend – Rs. – 4.0000 PAGEIND 02-Jun-22 Interim Dividend – Rs. – 70.0000
IIFLWAM 01-Jun-22 Interim Dividend – Rs. – 20.0000 ROJL 02-Jun-22 Bonus issue 82:32
LINDEINDIA 01-Jun-22 Final Dividend – Rs. – 3.5000 SMAUTO 02-Jun-22 Interim Dividend – Rs. – 1.2500
LINDEINDIA 01-Jun-22 Special Dividend – Rs. – 10.0000 TATACOFFEE 02-Jun-22 Dividend – Rs. – 2.0000
SNIM 01-Jun-22 Consolidation of Shares TATAINVEST 02-Jun-22 Final Dividend – Rs. – 55.0000
ZYDUSLIFE 01-Jun-22 Buy Back of Shares AYOME 03-Jun-22 E.G.M.
ASAHISONG 02-Jun-22 Buy Back of Shares TORNTPHARM 03-Jun-22 Final Dividend – Rs. – 8.0000
CASTROLIND 02-Jun-22 Final Dividend – Rs. – 3.0000 TORNTPHARM 03-Jun-22 Special Dividend – Rs. – 15.0000
IMAGICAA 02-Jun-22 E.G.M.  GALLISPAT 06-Jun-22 Amalgamation

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