Morning-Outlook-Feature-Image

Morning-outlook-20june

NIFTY:

Nifty opened at 15272.65 With a gap down of 88 points. The index continued drifting downwards for the next 20 minutes and then saw a sharp surge on the upside. Prices have recorded its intraday low at 15183.40 and quickly fill the gap and early morning losses. The index recorded its intraday high at 15400.40 and then moved down. Prices have spent the rest of the day within these two levels and finally ended at 15293.50 near its opening tick with a loss of 67.10 points or 0.44% down. OIL GAS and PHARMA led the bears today and ended with a loss of more than 2% followed by IT which ended 1.5% lower. BANK and FINANCIAL outperformed today and ended with gains. The short-term trend is still down and prices are making a pattern of Lower Highs and Lower Lows suggesting the trend is down. The volatility is still very high as the INDIA VIX is moving above 22.We should avoid trading the index for the next couple of trading days. We need to watch if prices forma correction here or consolidate or continue moving downward. We will plan our trade accordingly.

BANK NIFTY:

Bank Nifty opened at32393.45 with a gap down of 180 points. The index continued its bearish momentum and moved further on the downside but prices find support sooner and bounced up after recording its intraday low at 32290.55. The rally fizzled out quickly and prices have continued moving up and down throughout the day. The index recorded its intraday high at 32889.80 and finally closed at 32857.05 with a gain of 320 points. PVT BANKS outperformed today and ended with a gain of 0.41% while PSU BANKS have underperformed today and ended with a loss of 0.80%. Within the index, in terms of points, ICIC IBANK contributed the highest on the upside while BANK BARODA contributes the lowest. The short-term trend is still down and the index came close to its 52-week low around 32155.35 We should avoid trading on Monday and watch how prices are behaving. We will plan our next trade accordingly.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
HDFC 2052 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 2030 and for the target of  2090.
BHARTIARTL 643 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 643 with a stop loss of 650 and target of 630.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
VEDL 260 PE BUY 8.25 CMP 5 15 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BHARATFORG.22 Jun 628.7 0.09 2.92 7263750 TITAN.22.06 Jun 1942.35 -5.69 7.65 6238875
COROMANDEL.22 Jun 921.95 0.39 1.6 1867500 PETRONET.22.06 Jun 203.7 -4.9 9.18 15942000
POLYCAB.22.06 Jun 2127.7 0.44 1.94 678600 MPHASIS.22.06 Jun 2201 -4.89 8.13 1771525
MRF.22.06 Jun 67283.85 0.5 0.57 107320 INDIAMART.22.06 Jun 3865.05 -4.78 0.9 251850
ATUL.22.06 Jun 7969.05 0.65 1.05 86700 ESCORTS.22.06 Jun 1498.8 -4.02 6.27 2395250
                                                                        Short Covering                                                                       Long Unwinding
IRCTC.22.06 Jun 594.55 0.06 -4.42 12419750 LAURUSLABS.22.06 Jun 470.4 -4.39 -2.2 6089400
MANAPPURAM.22Jun 86.65 0.06 -2.32 23118000 PIDILITIND.22.06 Jun 2002.2 -4.1 -3.17 3091500
NAUKRI.22.06 Jun 3610.95 0.07 -1 1677000 JUBLFOOD.22.06 Jun 491.05 -3.95 -4.01 9313750
SYNGENE.22.06 Jun 537.1 0.13 -1.66 956250 BALRAMCHIN.22.06 Jun 365.8 -3.81 -2.08 6409600
PEL.22.06 Jun 1651.35 0.14 -0.07 2899600 IDEA.22.06 Jun 8.2 -3.53 -0.44 6.05E+08

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Lombard General In 1113.2 -1.65 1136156 715581 73.71 Nifty50 15293.5 -0.44 39956332
Page Industries Limited 39870.8 -0.43 48923 27533 71.64 Niftybank 32743.05 0.39 18717894
Indus Towers Limited 208 0.73 26820362 19161165 65.42 Nifty it 26732.45 -1.49 2252975
Infosys Limited 1387.3 -0.71 9692047 6114925 64.54 Nifty Fmcg 36264.55 -0.97 748202
Hdfc Asset Management Co 1768.25 -0.94 783177 392521 63.26 Nifty Pharma 11803.95 -2.18 51372324
Hcl Technologies Ltd. 958.75 -0.64 4302066 2642150 62.16 Nifty Realty 377.65 -0.01 1.62E+09
Bharti Airtel Limited 643.65 -1.61 11085830 6473791 61.97 Nifty Auto 10830.9 -1.15 56254711
Dabur India Ltd. 484.6 -2.49 4334329 2829450 61.73 Nifty Metal 4724.85 0.08 1.29E+08
Colgate Palmolive (india 1478.8 -2.37 390197 196098 61.68 Nifty Pharma 11803.95 -2.18 51372324
Mah & Mah Ltd. 997.65 -0.76 5318310 3069013 60.94 Nifty Financial Services 15059.3 0.38 5142128

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 24thJune, 2022 •USD:  Existing Home Sales (May) on 21stJune, 2022

•USD:  Fed Chair Powell Testifies on 22nd June, 2022

NEWS UPDATES

  • Jaguar HDFC Life Insurance Company on Friday said it will raise debt capital of up to Rs 350 crore by issuing bonds on a private placement basis. The Capital Raising Committee of the company’s board approved a proposal for raising up to Rs 350 crore through issuance of 3,500 non-convertible debentures, HDFC Life said in a regulatory filing. The company said the bonds will carry coupon rate of 8.20 per cent per annum.

  • British premium motorcycle brand Triumph is bullish on the prospects offered by the niche two-wheeler segment in India over the next one year, a period during which the company aims at boosting its market share to 25 per cent from 22 per cent at present, a senior official said on Friday. Triumph Motorcycles India has seen a growth of 30 per cent in the last 12 months, with sales of “a little over” 1,200 units, he said.

  • Bank credit grew 13.1 per cent year-on-year (YoY) in the fortnight ended June 3, the highest in the past three years, the latest data released by the Reserve Bank of India (RBI) shows. Growth in bank credit in the previous year was 5.7 per cent. At an event on Friday, Reserve Bank of India (RBI) Governor Shaktikanta Das said: “We are seeing reasonably satisfactory credit offtake happening. It is about 12 per cent YoY, according to the latest data. Last year, around this time, credit growth was 5-6 per cent.”

  • Pharma major Cipla Ltd on Friday said it will acquire 21.05 per cent stake for Rs 25 crore in Achira Labs Pvt Ltd, which is engaged in development and commercialisation of point of care (PoC) medical test kits in India.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BANASFN Right Issue of Equity Shares 20-Jun-22 TALBROSENG A.G.M.;General 20-Jun-22
CONTPTR General 20-Jun-22 TGBHOTELS General 20-Jun-22
DESHRAK General 20-Jun-22 UTIAMC A.G.M.;General 20-Jun-22
GRNLAMIND Preferential Issue of shares 20-Jun-22 AROMAENT Audited Results;Quarterly Results 21-Jun-22
MAHACORP Right Issue of Equity Shares 20-Jun-22 DYNAMICP General 21-Jun-22
MAYURUNIQ A.G.M. 20-Jun-22 GAMMONIND Audited Results 21-Jun-22
OPCHAINS General 20-Jun-22 JAINCO General 21-Jun-22
OXFORDIN General 20-Jun-22 ROSEMER Issue Of Warrants;Pref. Issue 21-Jun-22
SCBL General 20-Jun-22 SAKUMA Right Issue of Equity Shares 21-Jun-22
SUJALA General 20-Jun-22 SHABCHM General 21-Jun-22

CORPORATE ACTION

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADVAIT 20-Jun-22 Final Dividend – Rs. – 1.0000 BEPL 21-Jun-22 Final Dividend – Rs. – 1.0000
ATFL 20-Jun-22 Final Dividend – Rs. – 3.0000 GOLKUNDIA 21-Jun-22 Final Dividend – Rs. – 1.5000
BALFC 20-Jun-22 Bonus issue 1:1 NELCO 21-Jun-22 Dividend – Rs. – 1.8000
BHARATSE 20-Jun-22 Dividend – Rs. – 0.8000 PANCARBON 21-Jun-22 Dividend – Rs. – 12.0000
BLISSGVS 20-Jun-22 Final Dividend – Rs. – 0.5000 POLYCAB 21-Jun-22 Dividend – Rs. – 14.0000
BRITANNIA 20-Jun-22 Final Dividend – Rs. – 56.5000 RAFL 21-Jun-22 E.G.M.
MAHABANK 20-Jun-22 Dividend – Rs. – 0.5000 RANEHOLDIN 21-Jun-22 Dividend – Rs. – 12.0000
MORARKFI 20-Jun-22 Dividend – Rs. – 4.0000 SUPREMEIND 21-Jun-22 Final Dividend – Rs. – 18.0000
RBL 20-Jun-22 Dividend – Rs. – 20.0000 TINNARUBR 21-Jun-22 Final Dividend – Rs. – 4.0000
SRD 20-Jun-22 E.G.M. WIREFABR 21-Jun-22 Dividend – Rs. – 0.1000
BALAMINES 21-Jun-22 Final Dividend – Rs. – 6.0000 AJANTPHARM 22-Jun-22 Bonus issue 1:2

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