Nifty opened at 15455.95 with a gap up of 105 points. The index initially went down but found support quickly and turned up after recording its intraday low at 15419.85. Prices have seen a sharp intraday rally with minor consolidation, which eventually broke higher. The index recorded its intraday high at 15707.25 after lunch. Prices then went into a consolidation which lasted till the end of today’s trading session and the index finally closed at 15638.80 near its intraday high with a gain of 288.65 points or 1.88% up. All the sectoral indices have closed higher today. MEDIA out performed ending more than 5% higher. OILGAS was up by 4.83% while IT,REALTY and METAL ended more than 3% higher.
It was a trend day today where prices have recorded its intraday low near the opening tick and intraday high near the closing tick. The support is now visible around 15200 while the resistance may emerge inside 15800 – 16000 zones. Volatility is also cooling off as the INDIA VIX has fallen today but still moving above 20 which is moderately high. The most likely scenario is a consolidation within the mentioned support and resistance levels.
Bank Nifty opened at 32978.05 with a gap up of 279 points. The index initially moved down, almost filled the gap, and then bounced up after recording its intraday low at 32797.55. Prices have seen a sharp intraday surge, recorded its intraday high at 33593.80, and then saw a sharp decline in the last hour of trading. The index finally closed at 33186.55 wit h a gain of 487 points PSU BANKS have outperformed today and ended with a big gain of more than 4%. PVT BANKS have also moved up today but ended wit ha gain of 1.41%. Within the index, in terms of points, SBIN contributed the highest on the upside while AU BANK contributed the lowest.
Prices have seen a sharp intraday rally today so the trade remained intact. Stay long with a stop at 32800 and a target at33700.
|TITAN||2078||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 2060 and for the target of 2130.|
|PIDILITE||2100||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 2100 with a stop loss of 2120 and target of 2060.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|INFY||1460 CE||BUY||20.45||CMP||12||35||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ICICIPRULI.22.06 Jun||502.6||0.05||3.57||5679000||CROMPTON.22.06 Jun||325.95||-1.17||3.04||2983200|
|KOTAKBANK.22.06 Jun||1684.8||0.06||3.05||14442800||MARICO.22.06 Jun||483.4||-0.39||3.74||10311000|
|Short Covering||Long Unwinding|
|ASIANPAINT.22.06 Jun||2677.05||0.35||-1.55||5415000||PAGEIND.22.06 Jun||39119||-1.93||-1.41||99390|
|AMBUJACEM.22.06 Jun||359.5||0.53||-1.07||55531500||ALKEM.22.06 Jun||3087.3||-1.09||-1.99||196600|
|AUBANK.22.06 Jun||612.7||1.06||-2.43||6800000||NESTLEIND.22.06 Jun||16970.15||0||-0.52||402225|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Honeywell Auto India Ltd||33335.7||1.53||2158||0||78.91||Nifty50||15638.8||1.88||75642|
|Crompton Greaves Consume||325.45||-1.11||1857636||0||68.11||Niftybank||33191.75||1.55||75639|
|Mah & Mah Ltd.||997.95||1.55||6263263||0||65.48||Nifty it||27810.65||3.13||75639|
|Hdfc Bank Ltd.||1336.55||1.09||6610328||0||64.99||India Vix||21.14||-5.66||75642|
|Atul Ltd.||8020.65||2.08||21596||0||63.14||Nifty Fmcg||37317.75||1.09||75633|
|Hdfc Ltd.||2174.7||1.85||3407145||0||62.72||Nifty Pharma||12098.35||2.11||75633|
|Icici Lombard General In||1141||1.3||280231||0||60.67||Nifty Realty||384.3||3.65||75633|
|Kotak Mahindra Bank Limi||1681.5||0.14||2503603||0||57.79||Nifty Auto||10974.2||2.04||75633|
|Itc Ltd.||269.9||2.2||13879456||0||57.05||Nifty Metal||4720.75||3.97||75633|
|Maruti Suzuki India Ltd||7780.6||1.56||954878||0||56.42||Nifty Financial Services||15436.35||1.53||75633|
UPCOMING ECONOMIC DATA
|INR: RBI MPC Meeting Minutes on 22nd June, 2022
INR: FX Reserves, USD on 24thJune, 2022
|•USD: Fed Chair Powell Testifies on 22stJune, 2022
•USD: API Weekly Crude Oil Stock on 23rd June, 2022
Oil and Natural Gas Corporation (ONGC) is seeking a minimum USD 17 price for the gas it plans to produce from coal seams in its Bokaro CBM block in Jharkhand. ONGC invited bids for the sale of 0.20 million standard cubic metres per day of gas it plans to produce from the Bokaro CBM block by the year-end, according to a tender document. It sought bids on a formula indexed to the prevailing Brent crude oil price.
Delhi-NCR has highest vacancy of office space at 28.5 per cent, while Pune has the lowest at 8.5 per cent because of higher demand of premium workspace from IT/ITeS sector, according to property consultant Anarock. As per the data of Grade-A office buildings across seven major cities of the country, Chennai has an office vacancy of 10.35 per cent, Bengaluru 11.25 per cent and Hyderabad 15 per cent.
JPMorgan believes that the market is mispricing the newly-listed Life Insurance Corporation of India’s shares which are down over 30% from the IPO price. Initiating coverage on the stock with an overweight rating and a target price of ₹840, JPMorgan said the valuations are attractive. Shares of LIC ended up 1% at ₹661.25 on Monday after hitting a new post-listing low of ₹650. JPMorgan was also one of the book running lead managers of LIC’s IPO.
Auto ancillaries’ revenues are expected to grow 8-10 per cent in 2022-23 on the back of a stable demand and likely easing of supply-chain concerns in the second half of the year, Icra said on Monday.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ASHNI||General;Preferential Issue of shares||22-Jun-22||ADROITINFO||General||23-Jun-22|
|ELEFLOR||A.G.M.||22-Jun-22||AGIOPAPER||General;Voluntary Delisting of Shares||23-Jun-22|
|MERMETL||Right Issue of Equity Shares;General||22-Jun-22||HUBTOWN||Issue Of Warrants;General||23-Jun-22|
|NEWLIGHT||Audited Results||22-Jun-22||MAHACORP||Right Issue of Equity Shares||23-Jun-22|
|PUNJCOMMU||General||22-Jun-22||MTCL||Increase in Authorised Capital||23-Jun-22|
|SALASAR||Increase in Authorised Capital||22-Jun-22||OISL||Quarterly Results||23-Jun-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|AJANTPHARM||22-Jun-22||Bonus issue 1:2||UNIONBANK||22-Jun-22||Final Dividend – Rs. – 1.90|
|DEEPAKSP||22-Jun-22||Final Dividend – Rs. – 2.50||WALCHPF||22-Jun-22||Final Dividend – Rs. – 1.2500|
|GHCL||22-Jun-22||Final Dividend – Rs. – 10.00||ALUFLUOR||23-Jun-22||Final Dividend – Rs. – 1.00|
|GHCL||22-Jun-22||Special Dividend – Rs. – 5.00||ASHNI||23-Jun-22||Stock Split From Rs.10/- to Rs.1/-|
|INDHOTEL||22-Jun-22||Dividend – Rs. – 0.40||BANASFN||23-Jun-22||Right Issue of Equity Shares|
|LALPATHLAB||22-Jun-22||Final Dividend – Rs. – 6.00||CAMS||23-Jun-22||Final Dividend – Rs. – 12.00|
|NDRAUTO||22-Jun-22||Final Dividend – Rs. – 2.50||DALBHARAT||23-Jun-22||Final Dividend – Rs. – 5.00|
|NGLFINE||22-Jun-22||Final Dividend – Rs. – 1.7500||HAPPSTMNDS||23-Jun-22||Final Dividend – Rs. – 2.00|
|PNB||22-Jun-22||Dividend – Rs. – 0.6400||NATHBIOGEN||23-Jun-22||Dividend – Rs. – 2.00|
|SAGCEM||22-Jun-22||Dividend – Rs. – 0.70||NAVKAR||23-Jun-22||Stock Split From Rs.10/- to Rs.2/-|
|SKYIND||22-Jun-22||Final Dividend – Rs. – 1.00||WELSPUNIND||23-Jun-22||Dividend – Rs. – 0.1500|
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