Morning-Outlook-Feature-Image

Morning-Outlook-21july

NIFTY:

Nifty opened at16562.80 With a big gap up of 222 points. The index initially moved lower for the first five minutes of trading and then bounced up. Prices have rallied sharply towards 16600 but failed to cross that level and turned down in the afternoon after recording its intraday high at 16588 near its opening price. Prices have continued moving lower till the end of today’s trading session and recorded its intraday low at 16490.95. Finally, the index closed at 16520.85 with a gain of 180.30 points or 1.10% up.IT outperformed today and closed higher by nearly 3% followed by the FMCG, METAL, and OIL GAS which ended with over 1% gains. AUTO, MEDIA, and REALTY underperformed today and ended with a minor loss.

Prices have initially moved up but lost its momentum in the second half. However, our stop loss at 16485 remained untouched so we are still long. Stay long with a stop at 16450 and a target at 16780.

BANK NIFTY:

Bank Nifty opened at  36061.30 With a big gap up of 353 points. The index initially moved down and then quickly bounced up. Prices have rallied and then kept on finding resistance around the 36100 – 36200 zone. The index recorded its intraday high at 36182.70 and then turned down to record its intraday low at 35876.55. Prices have finally closed at 35890.85 with a gain of 182 points. PVT and PSU BANKS both have performed almost the same today, saw an upside move, and closed higher by 0.38% & 0.21% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while KOTAK BANK contributed the lowest.

The short-term trend is up as the index has been closing higher for the last four trading days. We have seen an up move of more than 1500 points. It is very likely that the index may trade choppy and narrow for at least one or two days.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
CIPLA 981 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 975 and for the target of  995.
KOTAK BANK 1827 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 1825 with a stop loss of 1845 and target of 1800.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ASIANPAINT 3000 PE BUY 49 CMP 40 75 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MGL.22.07 Jul 785 0.03 1.2 3243200 ICICIGI.22.07 Jul 1216.4 -3.9 14.36 3225325
ICICIPRULI.22.07 Jul 522.05 0.04 1.99 6756000 HINDPETRO.22.07 Jul 234.2 -3.16 4.3 22788000
DRREDDY.22.07 Jul 4467.5 0.08 1.18 1819875 HAVELLS.22.07 Jul 1220.1 -3.13 13.48 6507000
INDUSTOWER.22.07 Jul 221.95 0.11 4 15005200 TORNTPOWER.22.07 Jul 505.1 -2.67 0.52 3510000
ICICIBANK.22.07 Jul 782.05 0.13 2.3 67321375 BANDHANBNK.22.07 Jul 281.65 -2.46 8.23 27554400
                                                                        Short Covering                                                                       Long Unwinding
UPL.22.07 Jul 676.9 0.04 -0.34 18965700 POLYCAB.22.07 Jul 2164.05 -3.22 -0.27 1220700
PETRONET.22.07 Jul 226.65 0.04 -0.94 12063000 VOLTAS.22.07 Jul 1029.9 -1.84 -0.13 3546000
TATACHEM.22.07 Jul 861 0.08 -4 4603000 FEDERALBNK.22.07 Jul 105.3 -1.77 -1.62 80930000
RAIN.22.07 Jul 153.2 0.13 -1.49 6702500 DLF.22.07 Jul 356.3 -1.37 -0.1 37940100
BAJAJ-AUTO.22.07 Jul 4012.4 0.17 -2.29 2207500 M&M.22.07 Jul 1163.25 -1.23 -1.75 14652400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 209.25 -0.36 10635046 0 80.53 Nifty50 16520.85 1.1 75597
Hdfc Ltd. 2231.4 0.62 2511149 0 72.04 Niftybank 35972.1 0.7 75597
Ambuja Cements Ltd 367.85 -0.84 7381308 0 70.17 Nifty it 28146.35 2.93 75597
Icici Lombard General In 1216.85 -4.22 2800991 0 66.71 India Vix 16.82 -2.19 75597
Max Financial Services l 835.65 0.55 505209 0 66.43 Nifty Fmcg 41950.15 1.13 75597
Hdfc Bank Ltd. 1365.05 1.26 10173686 0 64.44 Nifty Pharma 12711.5 0.23 75597
Kotak Mahindra Bank Limi 1827.75 -0.39 2571469 0 64.09 Nifty Realty 435.2 -0.17 75597
Sbi Cards And Payment Se 876.9 2.17 2698649 0 63.99 Nifty Auto 12511.3 -0.22 75597
Container Corp Of India 673.55 -0.01 652175 0 63.82 Nifty Metal 5046.7 1.12 75597
Icici Bank Ltd. 783.1 0.31 8151979 0 63.57 Nifty Financial Services 16530.1 0.57 75600

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 22nd July, 2022 •USD:  Initial Jobless Claims on 21st July, 2022

•USD:  Philadelphia Fed Manufacturing Index (Jul) on 21st July, 2022

NEWS UPDATES

  • IT major Wipro Ltd reported a 21% fall in June-quarter profit on Wednesday as higher employee-related costs pushed up the information technology services firm’s overall expenses. June-quarter consolidated net profit came in at Rs 2,564 crore, compared with Rs 3,243 crore a year ago. Revenue from operations rose nearly 18% to Rs 21,529 crore as against Rs 18,048 crore in Q1FY22.

  • Cigarettes-to-hotel conglomerate ITC expects its FMCG products will have a market of Rs 500,000 crore by 2030, said Sanjiv Puri, the group’s chairman and managing director, on Wednesday. The company aims to take its brands overseas, Puri told shareholders at the company’s annual general meeting in Kolkata. “In recent years, we have established distribution arrangements abroad enabling appreciable progress of exports of ITC’s ‘Proudly Indian’ brands to over 60 countries. Over time, such exports will make a substantial contribution to the growth of your company’s value-added FMCG portfolio.

  • Rajarshi Gupta has taken over as Managing Director of ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC). He replaces Alok Gupta who superannuated last month. “Rajarshi Gupta has more than 33 years of wide-ranging experience in supervisory, managerial and strategic planning capacities in domestic and international operations of ONGC and ONGC Videsh,” the company said in a statement adding he took over on July 19.

  • Dairy products maker Hatsun Agro Products has crossed the Rs 2,000 crore sales mark during the quarter ending June 30, 2022 for the first time, the company said on Wednesday.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ARISINT Preferential Issue of shares;General 21-Jul-22 MPHASIS Quarterly Results 21-Jul-22
AXISCADES General 21-Jul-22 ORIENTBELL Quarterly Results 21-Jul-22
CANFINHOME Quarterly Results;General 21-Jul-22 PCBL Quarterly Results 21-Jul-22
CRISIL Interim Dividend;Quarterly Results 21-Jul-22 PERSISTENT Audited Results;General 21-Jul-22
CSBBANK Quarterly Results 21-Jul-22 PIONDIST Quarterly Results 21-Jul-22
CYIENT Quarterly Results 21-Jul-22 POWERINDIA Quarterly Results 21-Jul-22
DRCSYSTEMS Quarterly Results;General 21-Jul-22 PRISMX Quarterly Results;Rights Issue 21-Jul-22
ELECON Quarterly Results 21-Jul-22 PVR Quarterly Results 21-Jul-22
EMBASSY Quarterly Results 21-Jul-22 QUICKHEAL Buy Back of Shares;Quarterly Results 21-Jul-22
FRANKLININD Quarterly Results;General 21-Jul-22 RAJGLOWIR Quarterly Results 21-Jul-22
GSFC Quarterly Results 21-Jul-22 RANJEET General 21-Jul-22
GUJCOTEX Quarterly Results 21-Jul-22 RAP General 21-Jul-22
HAPPSTMNDS Quarterly Results;General 21-Jul-22 RBLBANK Quarterly Results 21-Jul-22
HINDZINC Quarterly Results 21-Jul-22 RKFORGE Interim Dividend;Quarterly Results 21-Jul-22
HSCL Final Dividend;Audited Results;General 21-Jul-22 RML Quarterly Results 21-Jul-22
IDBI Quarterly Results 21-Jul-22 SABOOBR General 21-Jul-22
IFL Bonus issue;Quarterly Results 21-Jul-22 SAMKRG Quarterly Results 21-Jul-22
INDIAMART Quarterly Results 21-Jul-22 SANDUMA General 21-Jul-22
ISEC Quarterly Results 21-Jul-22 SRF Interim Dividend;Quarterly Results 21-Jul-22
JSWENERGY Quarterly Results;General 21-Jul-22 TOKYOPLAST Quarterly Results 21-Jul-22
KAJARIACER Quarterly Results 21-Jul-22 TRADWIN Quarterly Results 21-Jul-22
KENFIN General 21-Jul-22 VIVANZA Quarterly Results 21-Jul-22
LAXMIPATI A.G.M.;General 21-Jul-22 WEBELSOLAR Preferential Issue of shares 21-Jul-22
MFL Quarterly Results 21-Jul-22 ZSWASTSA Quarterly Results 21-Jul-22

 

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADCINDIA 21-Jul-22 Final Dividend – Rs. – 4.00 JENBURPH 21-Jul-22 Final Dividend – Rs. – 12.00
ADCINDIA 21-Jul-22 Special Dividend – Rs. – 10.00 KAIRA 21-Jul-22 Final Dividend – Rs. – 12.00
ANGELONE 21-Jul-22 Interim Dividend – Rs. – 7.6500 KIRLFER 21-Jul-22 Final Dividend – Rs. – 3.00
BANSWRAS 21-Jul-22 Dividend – Rs. – 2.50 LT 21-Jul-22 Final Dividend – Rs. – 22.00
BASF 21-Jul-22 Final Dividend – Rs. – 6.00 MAHLOG 21-Jul-22 Final Dividend – Rs. – 2.00
BHAGIL 21-Jul-22 Dividend – Rs. – 4.00 MINDACORP 21-Jul-22 Final Dividend – Rs. – 0.70
BLUESTARCO 21-Jul-22 Final Dividend – Rs. – 10.00 ONTIC 21-Jul-22 Stock  Split From Rs.10/- to Rs.1/-
BOMBCYC 21-Jul-22 Final Dividend – Rs. – 5.00 PDSL 21-Jul-22 Final Dividend – Rs. – 23.8500
CARBORUNIV 21-Jul-22 Final Dividend – Rs. – 2.00 POONAWALLA 21-Jul-22 Final Dividend – Rs. – 0.40
CHOLAFIN 21-Jul-22 Final Dividend – Rs. – 0.70 PRADPME 21-Jul-22 Final Dividend – Rs. – 1.50
DABUR 21-Jul-22 Final Dividend – Rs. – 2.70 PREMCO 21-Jul-22 Final Dividend – Rs. – 3.00
DATAMATICS 21-Jul-22 Final Dividend – Rs. – 1.2500 PTCIL 21-Jul-22 Right Issue of Equity Shares
DHANUKA 21-Jul-22 Final Dividend – Rs. – 6.00 RAJNISH 21-Jul-22 Stock  Split From Rs.10/- to Rs.2/-
GALAXYSURF 21-Jul-22 Final Dividend – Rs. – 18.00 RAJNISH 21-Jul-22 Bonus issue 2:1
GENNEX 21-Jul-22 Right Issue of Equity Shares SEIL 21-Jul-22 Stock  Split From Rs.10/- to Rs.1/-
HERITGFOOD 21-Jul-22 Final Dividend – Rs. – 2.50 SUMICHEM 21-Jul-22 Final Dividend – Rs. – 1.00
HGINFRA 21-Jul-22 Final Dividend – Rs. – 1.00 SWISSMLTRY 21-Jul-22 Right Issue of Equity Shares
HIL 21-Jul-22 Final Dividend – Rs. – 25.00 TAPARIA 21-Jul-22 Final Dividend – Rs. – 52.50
HIL 21-Jul-22 Special Dividend – Rs. – 20.00 TCMLMTD 21-Jul-22 E.G.M.
HNDFDS 21-Jul-22 Stock  Split From Rs.10/- to Rs.2/- TECHM 21-Jul-22 Final Dividend – Rs. – 15.00
IMFA 21-Jul-22 Final Dividend – Rs. – 7.50 TECHM 21-Jul-22 Special Dividend – Rs. – 15.00
INTELLECT 21-Jul-22 Final Dividend – Rs. – 2.50 THERMAX 21-Jul-22 Dividend – Rs. – 9.00
JAYAGROGN 21-Jul-22 Final Dividend – Rs. – 3.00 TTKPRESTIG 21-Jul-22 Final Dividend – Rs. – 3.50

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