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 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
|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.|
|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|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|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|
|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
|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
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
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|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|
|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|
|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|
|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|
|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|
|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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