Nifty opened at 16043.80 with a big gap up of 234 points. The index recorded its intraday low at 16003.85, finds strong support there, and handsomely bounced up. The index rallied almost 200 points and then saw a minor correction. That correction finds support soon and prices again turned up. The rally took the index to its intraday high at 16283.05.Prices have finally closed at 16266.15 near its day’s high wit h a gain of 456.75 points or 2.89% up. All the sectoral indices have seen an upside move today and closed higher. MEDIA gained the most ending at 4.47% higher while IT gained the least ending at 1.54% higher. Metal also performed well today and closed 4.20% higher. We have mentioned a support level around 15700 – 15750 in the NIF1Y.The index respected this support and is now heading towards resistance 16500. That gives us a wide trading range of almost 800 points. The volatility is very high as the volatility index ‘INDIA VIX’ is moving around 23 levels. For normal volatility, it needs to come around 15 – 18 levels. The summary here is we should avoid trading the index and wait for an adequate setup to emerge
Bank Nifty opened 33765.15 with a big gap up of 406 points. The index recorded its intraday low at 33658.05 and moved further on the upside. Prices then consolidate and broke on the downside. The decline finds support quickly and prices again moved up to record its intraday high at 34358.05. The index finally closed at 34311.55 with a gain of 952 points. PSU and PVT BANKS both have performed almost the same today, saw a sharp intraday rally, and closed higher by 3.02% & 2.73% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside followed by the ICICIBANK.
A big gap up opening and then a sharp intraday rally helped BANK NIFTY to recover all the losses that came yesterday. The index ended the week on a positive note. On the weekly timeframe, the index breaks five weeks of a lower closing streak. The short-term trend is sideways. Moreover, a trading range is now visible inside the support at 33000 and resistance at 35000.
|ASIANPAINT||3109||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 3280 and for the target of 3150.|
|DEEPAKNTR||1964||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 1960 with a stop loss of 1980 and target of 1920.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|BSOFT||380 PE||BUY||10||CMP||5||20||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|HDFCAMC.May 26||1710.55||0.33||5.13||3849200||GODREJCP.May 26||758.95||-4.65||0.93||5520000|
|RAMCOCEM.May 26||684.15||0.43||11.74||2589100||UPL.May 26||810.25||-0.25||0.03||20159100|
|Short Covering||Long Unwinding|
|BSOFT.May 26||382.85||0.05||-3.23||3001700||CONCOR.May 26||573.1||-5.72||-3.72||6931200|
|ICICIGI.May 26||1253.8||0.14||-2.13||2984775||HONAUT.May 26||31512.85||-1.61||-1.63||10890|
|WHIRLPOOL.May 26||1543.2||0.18||-1.64||720750||SHREECEM.May 26||21807.95||-1||-7.26||197625|
|MPHASIS.May 26||2463.1||0.2||-6.73||1519525||CHAMBLFERT.May 26||396.6||-0.99||-1.74||2286000|
|M&MFIN.May 26||170.8||0.32||-1.55||23888000||MANAPPURAM.May 26||93.65||-0.85||-1.91||23988000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Bank Ltd.||709.55||2.79||11695528||7524231||69.51||Niftybank||34276.4||2.88||15512569|
|Icici Lombard General In||1251.6||0.05||528786||375664||68.42||Nifty it||28789.4||1.54||1388748|
|Hdfc Ltd.||2201.6||3.06||3954167||2608471||66.87||India Vix||23.1||-5.94||2.22E+08|
|Honeywell Auto India Ltd||31470.9||-1.67||8905||4575||66.5||Nifty Fmcg||38546.35||2.14||750002|
|Hcl Technologies Ltd.||1028.85||1.93||2005622||1091119||66.12||Nifty Pharma||13065.5||3.69||40820726|
|Hdfc Bank Ltd.||1320.95||2.63||6959675||4013046||63.8||Nifty Realty||401.05||4.21||1.33E+09|
|Tata Consultancy Serv Lt||3293||0.95||3065125||1971441||63.58||Nifty Cpse||2610.9||1.57||2.03E+08|
|Max Financial Services l||718.4||1.45||267874||135702||62.2||Nifty Auto||10914.6||2.79||48610283|
|Marico Limited||528.55||3.54||2817153||1744509||61.95||Nifty Financial Services||15793.6||2.57||3979785|
UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 27th May, 2022
INR: Deposit and Bank Loan Growth on 27th May, 2022
|•USD: New Home Sales (Apr) on 24th May 2022
•USD: Services PMI (May) on 24th may, 2022
Indraprastha Gas (IGL) plans to invest Rs 8,000 crore over the next five years to expand its city gas network even as it targets a more than 40% increase in sales volumes over the same period, its top executive has said. IGL currently operates in Delhi and adjoining cities and plans to expand its operations to a few districts in Uttar Pradesh, Rajasthan and Haryana. Of the planned Rs 8,000 crore, about Rs 6,000 crore would go towards setting up city gas infra in seven new license areas and the balance into enhancing facilities in the four existing areas
Coal production by Coal India (CIL) has grown slower than the captive mines, awarded over the last six years. During 2020-22, production from the captive mines jumped by 38.5 per cent while CIL saw a tepid growth of 3.4 per cent, according to government data.
The government is eyeing the second edition of production-linked incentive (PLI) scheme for textiles and has begun consultations with the industry. Industry wants inclusion of knitted fabrics in the scheme, besides manmade fibre and technical textiles and a lower investment threshold of Rs 25 crore instead Rs 100 crore now.
Mahindra & Mahindra (M&M) Ltd on Friday said that its new sports utility vehicle codenamed Z101 will be known as ‘Scorpio-N’ and will be launched on June 27. The current Scorpio which has evolved over the last two decades as an iconic and a cult brand will continue as the ‘Scorpio Classic’, the company said in a release.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BEL||Final Dividend;Audited Results||23-May-22||REPCOHOME||Final Dividend;Quarterly Results||23-May-22|
|BSOFT||Quarterly Results;Buy Back of Shares||23-May-22||ROLEXRINGS||Audited Results||23-May-22|
|CONCRETE||Audited Results||23-May-22||RUPA||Dividend;Audited Results||23-May-22|
|DATAPATTNS||Audited Results||23-May-22||SAIL||Final Dividend;Quarterly Results||23-May-22|
|DHANUKA||Final Dividend;A.G.M.||23-May-22||SAURASHCEM||Audited Results||23-May-22|
|DIVISLAB||Dividend;Audited Results||23-May-22||SHILPAMED||Dividend;Quarterly Results||23-May-22|
|DOLLAR||Dividend;Audited Results;ESOP||23-May-22||SHREEGANES||General;Audited Results||23-May-22|
|GRAPHITE||Dividend;Audited Results||23-May-22||SURYALA||Dividend;Quarterly Results||23-May-22|
|GUJARATPOLY||Audited Results||23-May-22||TALBROAUTO||Final Dividend;A.G.M.;Audited Results||23-May-22|
|HGINFRA||Final Dividend;Audited Results||23-May-22||TALBROSENG||Final Dividend;Audited Results||23-May-22|
|HLEGLAS||General;Dividend;Quarterly Results||23-May-22||THOMASCOOK||Pref. Issue ;Audited Results;Results||23-May-22|
|IGARASHI||Audited Results||23-May-22||TTKHEALTH||Final Dividend;Audited Results||23-May-22|
|KSCL||Audited Results||23-May-22||UGARSUGAR||Final Dividend;Audited Results||23-May-22|
|MORGAN||Audited Results;Quarterly Results||23-May-22||UMAEXPORTS||Audited Results||23-May-22|
|PATELENG||Audited Results||23-May-22||VAIBHAVGBL||Final Dividend;Audited Results||23-May-22|
|PICTUREHS||Audited Results||23-May-22||VANDANA||Audited Results||23-May-22|
|RAMCOCEM||General;Dividend;Audited Results||23-May-22||ZOMATO||Audited Results;Quarterly Results||23-May-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ANGELONE||23-May-22||Final Dividend – Rs. – 2.2500||EVEXIA||24-May-22||Stock Split From Rs.2/- to Rs.1/-|
|CAPPL||23-May-22||Interim Dividend – Rs. – 2.00||KENNAMET||24-May-22||Interim Dividend – Rs. – 24.00|
|COFORGE||23-May-22||Interim Dividend – Rs. – 13.00||BIRET||25-May-22||Income Distribution RITES|
|CYIENT||23-May-22||Final Dividend – Rs. – 14.00||GRMOVER||25-May-22||Interim Dividend – Rs. – 0.2500|
|DOLATALGO||23-May-22||Interim Dividend – Rs. – 0.2500||INDIGRID||25-May-22||Income Distribution (InvIT)|
|RISHYRN||23-May-22||E.G.M.||QGO||25-May-22||Interim Dividend – Rs. – 0.10|
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