Morning-Outlook-Feature-Image

Morning-outlook-20AprilNIFTY:

Nifty opened at 17258.95 with a gap up of 85 points. The index recorded its intraday high at 17275.65, a few ticks above the opening price and within the first five minutes of trading. The index moved in a sideways manner for almost the whole day and locked itself in a narrow range of almost 100 points. The consolidation eventually broke on the downside. A sharp decline came in the last hour of trading and prices have recorded its intraday low at 16824.70. The index finally closed at 16958.65 with a loss of 215 points or 1.25% down. All the sectoral indices have closed lower except the OIL GAS which ended with a gain of 0.75%.The FMCG, IT, and REAL1Y sectors have led the bears today and ended with a loss of more than 2%.

It was a trend day today in t he index but on the downside where prices have recorded its intraday high near the opening tick and intraday low near the closing tick. The NIFTY registered a loss of more than 1% for the second consecutive trading day. The short-term trend is down as prices have been closing lower for the fifth consecutive trading day. The index broke down 17000 support and is now heading towards 16500 supports.

BANK NIFTY:

Bank Nifty opened at 36806.80 without much of a gap. Prices first moved down and then saw a mild upside move. Prices have recorded its intraday high at 37123.55 and found strong resistance there. A sharp decline came in the last hour of trading that took prices to its intraday low at 35926.30 and finally the index closed at 36070.65 wit h a loss of 721 points. VT BANKS have underperformed today and closed wit ha loss of 1.31%. PSU BANKS have also moved down today and ended wit h a minor loss of 0.29%.Within the index, in terms of points, ICIC IBANK contributed the highest while HDFC BANK contributed the lowest. The Support is now visible around 35000 while resistance short emerge around 37000. Unfortunately for us the decline came after we stopped out. The short term trend is down. We should look for shorting

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
APOLLOHOSP 4816 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 4780 and for the target of  4920.
MINDTREE 3635 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 3630 with a stop loss of 3660 and target of 3520.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
RELIANCE 2660 CE BUY 32 CMP 20 50 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GAIL.Apr 28 168.2 0.06 9.53 30066900 CHAMBLFERT.Apr 28 451 -11.33 7.55 3355500
ONGC.Apr 28 176.75 0.23 17.22 67205600 MINDTREE.Apr 28 3610.7 -9.18 5.7 3022000
GSPL.Apr 28 275.7 0.25 6.47 2601000 LTI.Apr 28 5415.05 -8.2 6.57 1450950
CHOLAFIN.Apr 28 730.4 0.32 5.62 8990000 STAR.Apr 28 330 -7.28 1.81 4700700
BPCL.Apr 28 375.35 0.7 4.21 18259200 INTELLECT.Apr 28 822.05 -7.13 3.19 1551000
                                                                        Short Covering                                                                       Long Unwinding
POLYCAB.Apr 28 2595.65 0.49 -1.56 663300 TATAPOWER.Apr 28 243.75 -5.65 -5.94 93156750
OBEROIRLTY.Apr 28 945.85 -5.58 -0.55 4198600
GNFC.Apr 28 847.85 -4.77 -7.2 2880800
IBULHSGFIN.Apr 28 154.65 -4.71 -2.01 36363000
SYNGENE.Apr 28 612.7 -4.1 -0.23 1091400

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Gujarat State Petronet l 276.4 0.88 1064495 0 83.18 Nifty50 16958.65 -1.25 84210
Tvs Motor Company Limite 640.6 -2.35 690068 0 76.92 Niftybank 36341.6 -1.05 84210
Hdfc Ltd. 2140.2 -5.45 20050720 0 72.92 Nifty it 31804.2 -2.98 84210
Hdfc Bank Ltd. 1342.2 -3.82 37048011 0 71.43 India Vix 19.77 2.25 84210
Tata Consultancy Serv Lt 3471.9 -1.59 3170014 0 70.05 Nifty Fmcg 37337.4 -2.82 84207
Icici Bank Ltd. 766.3 1.12 31088359 0 69.81 Nifty Pharma 13522.45 -1.42 84207
Asian Paints Limited 2991.2 -1 749782 0 69.36 Nifty Realty 446.9 -2.47 84207
Syngene 614.5 -3.89 380802 0 68.9 Nifty Auto 10615.15 -1.22 84207
Petronet Lng Limited 203.1 -0.44 2738352 0 68.55 Nifty Metal 6578 -1.07 84207
Power Grid Corporation o 227.85 -1.41 11277707 0 68.08 Nifty Financial Services 16708.9 -1.91 84207

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  M3 Money Supply on 20th April, 2022

INR: Bank Loan Growth on 22nd April, 2022

•USD:  API Weekly Crude Oil Stock on 20th April, 2022

•USD:  Existing Home Sales (Mar) on 20th April, 2022

NEWS UPDATES

  • OPEC+ produced 1.45 mln barrels per day (bpd) below its production targets in March, as Russian output began to decline following sanctions imposed by the West, a report from the producer alliance seen by Reuters showed. The report showed that Russia produced about 300,000 bpd below its target in March at 10.018 million bpd, based on secondary sources.

  • Amid strengthening expectation of the Federal Reserve aggressively hiking interest rates in the world’s largest economy, the US dollar index broke past the 101 mark on Tuesday, the first time that level was breached since March 2020. With inflation running around 40-year highs for some time now in the US, the Fed has already hiked its key benchmark rates by 25 basis points in March.

  • Homegrown FMCG major Dabur India Ltd on Tuesday said it plans to induct a fleet of 100 electric vehicles (EVs) in its supply chain for last-mile product distribution in the next 12 months. The first batch of the new EVs has been inducted into its fleet in North India and has commenced deliveries in Haryana’s Sonipat area. All the 100 vehicles would be inducted within the next 12 months across the nation, Dabur India Ltd CEO Mohit Malhotra said in a statement.

  • Government-owned oil and gas explorer and producer Oil and Natural Gas Corporation (ONGC) has appointed Pomila Jaspal as the Director (Finance) and Chief Financial Officer with immediate effect, the company informed the exchanges on Tuesday.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AJANTSOY Stock  Split 20-Apr-22 NAVKAR General 20-Apr-22
ANGELONE Final Dividend;Audited Results 20-Apr-22 PRERINFRA Quarterly Results;Audited Results 20-Apr-22
ASRL Quarterly Results;Audited Results 20-Apr-22 PUROHITCON Quarterly Results 20-Apr-22
ELEFLOR General 20-Apr-22 RIIL Audited Results 20-Apr-22
ELLORATRAD General;Audited Results 20-Apr-22 SUPRAP General 20-Apr-22
GLS Final Dividend;Audited Results 20-Apr-22 TATAELXSI Dividend;Audited Results 20-Apr-22
HCKKVENTURE Quarterly Results;Audited Results 20-Apr-22 TOKYOFIN Audited Results 20-Apr-22
INDBANK Audited Results 20-Apr-22 ASHAI General 21-Apr-22
INDBNK Audited Results 20-Apr-22 BETALA Audited Results 21-Apr-22
INOXWIND Pref. Issue;Issue Of Warrants;General 20-Apr-22 CRISIL Interim Dividend;Quarterly Results 21-Apr-22
IOSYSTEM General 20-Apr-22 CYIENT Audited Results 21-Apr-22
ISEC Final Dividend;Audited Results 20-Apr-22 DHANCOT General 21-Apr-22
JTLINFRA General;Audited Results 20-Apr-22 HCLTECH Interim Dividend;Audited Results 21-Apr-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
HUHTAMAKI 20-Apr-22 Dividend – Rs. – 1.0000 SAREGAMA 26-Apr-22 Stock  Split From Rs.10/- to Rs.1/-
SANDHAR 20-Apr-22 E.G.M. ABB 27-Apr-22 Final Dividend – Rs. – 5.2000
GAIL 21-Apr-22 Buy Back of Shares SHREEGANES 27-Apr-22 Bonus issue 1:1
NESTLEIND 21-Apr-22 Final Dividend – Rs. – 65.0000 DCMFINSERV 28-Apr-22 E.G.M.
NESTLEIND 21-Apr-22 Interim Dividend – Rs. – 25.0000 HCLTECH 28-Apr-22 Interim Dividend
VIPPYSP 22-Apr-22 E.G.M. MANINDS 28-Apr-22 Interim Dividend
MUTHOOTFIN 25-Apr-22 Interim Dividend – Rs. – 20.0000 MOLDTKPAC 28-Apr-22 Interim Dividend
NIRMITEE 25-Apr-22 Bonus issue 5:1 STOVACQ 28-Apr-22 Dividend – Rs. – 57.0000

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