Morning-Outlook-Feature-Image

Morning-Outlook-21april

NIFTY:

Nifty opened at 17045.25 with a gap up of 87 points. The index recorded its intraday low at 16978.95 within the first five minutes of trading and then bounced up. Prices have seen an up move and then went into a consolidation. The range eventually broke on the upside and prices have rallied to record its intraday high at 17186.90. The index then moved in a sideways manner towards the end of today’s trading session and finally closed at 17136.55 with a gain of 177.90 points or 1.05% up. AUTO and OIL GAS sectors have outperformed today and ended nearly 2% higher. FMCG, IT and PHARMA followed and ended 1% higher. MEDIA and METAL under performed today and closed lower.

The short-term trend is down. The NIFTY continued to trade volatile but the intraday range was very narrow today. Prices have moved within a range of less than 150 points if we leave the lower shadow made in the initial trades. Tomorrow is the weekly expiry scheduled. So, it is possible that the index continues this volatile and narrow movement. We do not have an adequate trading setup so we need to wait for one. Till then avoid trading the index and watch the markets from outside.

BANK NIFTY:

Bank Nifty opened at 36482.60 w it h a gap up of 412 points. The index first slides lower and then turned up. The index continued these ups and downs for the who le day, recorded its intraday high at 36513.85 and intraday low at 36114.05. The index finally closed at 36351.55 with a gain of 281points.PSU BANKS have underperformed today and closed with a loss of 0.19%. PVT BANKS have moved sideways and closed without much of a change. Within the index, in terms of points, HDFC BANK contributed the highest while ICIC IBANK contributed the lowest.

The short-term trend is down while prices have been finding a short-term support around 36000.Resistance is visible around 37000.It is possible that we may see few days within these two levels. We should avoid trading the index for the time being and wait for an adequate trading setup to emerge.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
TATAMOTOR 440 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 435 and for the target of  450.
HINDCOPPER 121 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 120 with a stop loss of 123 and target of 118.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
M&M 880 CE BUY 13 CMP 5 20 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
FEDERALBNK.Apr 28 96.2 0.05 4.43 61790000 LTI.Apr 28 5215 -4.83 3.17 1285800
BATAINDIA.Apr 28 1925 0.09 5.03 1516900 PERSISTENT.Apr 28 4019.8 -3.9 10.67 485250
TATACHEM.Apr 28 973 0.12 2.26 5387000 CHOLAFIN.Apr 28 713 -3.22 1.86 8262500
SUNTV.Apr 28 499.95 0.14 0.16 12577500 BAJFINANCE.Apr 28 7048.9 -2.85 5.86 4107625
AXISBANK.Apr 28 798.4 0.19 1.92 44694000 HINDCOPPER.Apr 28 121.2 -2.73 6.83 16890400
                                                                        Short Covering                                                                       Long Unwinding
SBILIFE.Apr 28 1128.45 0.07 -0.84 7083750 SBILIFE.Apr 28 1128.45 0.07 -0.84 7083750
SUNPHARMA.Apr 28 922.25 0.12 -0.59 16167900 SUNPHARMA.Apr 28 922.25 0.12 -0.59 16167900
BANKNIFTY.Apr 28 36455 0.14 -3.78 2183175 BANKNIFTY.Apr 28 36455 0.14 -3.78 2183175
BANDHANBNK.Apr 28 324.15 0.17 -1.26 35438400 BANDHANBNK.Apr 28 324.15 0.17 -1.26 35438400
AARTIIND.Apr 28 939.05 0.3 -3.31 1812200 AARTIIND.Apr 28 939.05 0.3 -3.31 1812200

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Bank Ltd. 755.55 -1.4 15984202 0 74 Nifty50 17136.55 1.05 88908
Lupin Limited 777.2 1 1613702 0 73.69 Niftybank 36314.9 -0.07 88908
Larsen & Toubro Limited 1691.6 -0.83 3832617 0 72.24 Nifty it 32173.4 1.16 88908
Honeywell Auto India Ltd 40318.5 0.39 9264 0 70.3 India Vix 18.67 -5.56 88908
Hdfc Ltd. 2180.2 1.87 5434844 0 69.11 Nifty Fmcg 37722.8 1.03 88908
Tata Consultancy Serv Lt 3556.8 2.45 2640370 0 69.09 Nifty Pharma 13660.65 1.02 88908
Pfizer Ltd. 4460.75 0.36 13651 0 68.36 Nifty Realty 449.35 0.55 88908
Mah & Mah Ltd. 881.25 1 2208791 0 68.3 Nifty Auto 10848.7 2.2 88911
Colgate Palmolive (india 1526.25 1.57 256564 0 66.48 Nifty Metal 6556.1 -0.33 88911
Hdfc Bank Ltd. 1354.3 0.9 24662868 0 66.19 Nifty Financial Services 16702.4 -0.04 88911

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Bank Loan and Deposit Growth on 22nd April, 2022 •USD:  Initial Jobless Claims on 21st April, 2022

•USD:  Philadelphia Fed Manufacturing Index (Apr) on 21st April, 2022

NEWS UPDATES

  • The Adani Group on Wednesday committed to invest Rs 10,000 crore in West Bengal over the next decade, group chief Gautam Adani announced on Wednesday. At the inaugural session of Bengal Global Business Summit 2022 (BGBS) here, Adani said the group’s investments will span world-class port infrastructure, state of art data centres and undersea cables that will connect them across the oceans, centres of excellence in digital innovation, warehouses and logistics parks.

  • The JSW Group will develop a 900 MW pumped storage hydel power project in West Bengal, its chairman Sajjan Jindal announced on Wednesday. Addressing the inaugural session of the Bengal Global Business Summit, Jindal said it will be developed on a nomination basis.

  • Domestic air passenger traffic in the January-March period surged to 248 lakh, marking a 6.1 percent growth as compared to the corresponding period last year, the Directorate General of Civil Aviation (DGCA) said on April 20. In March alone, the domestic flight operators carried 106.96 lakh passengers, which was 36.7 percent higher as compared to February 2022 when the monthly traffic stood at 78.22 lakh, as per the data shared by the aviation sector watchdog.

  • Soaring prices and rural slowdown-led demand pressure are likely to affect the fourth-quarter profitability of consumer goods companies. Makers of staples to shampoos are expected to report sub-5% volume growth, according to analysts tracking the sector. They expect volumes to contract for Hindustan Unilever Ltd. and Dabur India Ltd. due to grammage cut in soaps and detergent and a high base of health supplements categories.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ASHAI General 21-Apr-22 NESTLEIND Quarterly Results 21-Apr-22
BETALA Audited Results 21-Apr-22 NINSYS Bonus issue 21-Apr-22
CRISIL Interim Dividend;Quarterly Results 21-Apr-22 OMEAG Quarterly Results 21-Apr-22
CYIENT Audited Results 21-Apr-22 RAJGLOWIR Final Dividend;Audited Results 21-Apr-22
DHANCOT General 21-Apr-22 RALLIS Final Dividend;Audited Results 21-Apr-22
HCLTECH Interim Dividend;Audited Results 21-Apr-22 RONI Audited Results;General 21-Apr-22
ICICIGI Final Dividend;Audited Results 21-Apr-22 SASKEN A.G.M.;Final Dividend;Audited Results 21-Apr-22
JAIBALAJI Pref. Issue ; Warrants;Rights Issue 21-Apr-22 SHAMROIN General 21-Apr-22
LTTS Final Dividend;Audited Results 21-Apr-22 SHIVACEM Audited Results 21-Apr-22
MANINDS Interim Dividend 21-Apr-22 SHUKJEW Audited Results 21-Apr-22
MEP General 21-Apr-22 STCORP Audited Results 21-Apr-22
MOLDTKPAC Interim Dividend 21-Apr-22 TARMAT Preferential Issue of shares 21-Apr-22
MTCL General 21-Apr-22 TATACOMM Final Dividend;Audited Results 21-Apr-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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. KSB 28-Apr-22 Dividend – Rs. – 12.5000
MUTHOOTFIN 25-Apr-22 Interim Dividend – Rs. – 20.0000 MANINDS 28-Apr-22 Interim Dividend
NIRMITEE 25-Apr-22 Bonus issue 5:1 MOLDTKPAC 28-Apr-22 Interim Dividend
SAREGAMA 26-Apr-22 Stock  Split From Rs.10/- to Rs.1/- PROFINC 28-Apr-22 Bonus issue 2:1
ABB 27-Apr-22 Final Dividend – Rs. – 5.2000 PROFINC 28-Apr-22 Stock  Split From Rs.10/- to Rs.1/-

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