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 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.
|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.|
|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|
|MANAPPURAM.22 Jun||95.7||1.11||-2.32||25929000||HDFC.22.06 Jun||2303.1||-1.51||-0.35||22656600|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|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
|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
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
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|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|
|STARHFL||Final Dividend;General||01-Jun-22||OPTOCIRCUI||Quarterly Results||03-Jun-22|
|AKI||Bonus issue;General;Pref. Issue||02-Jun-22||VIVIMEDLAB||Audited Results;Quarterly Results||03-Jun-22|
|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|
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