Morning-Outlook-Feature-Image

MO-2022-04-25

 

NIFTY:

Nifty opened at 17242.75 wit ha gap down of 150 points. The index first consolidated for about one and half hours and then breakout higher. A rally brought prices to its intraday high at 17315.30 and then found strong resistance there. The index again consolidated about three hours there

and then broke on the downside. A sharp rally brought prices to its intraday low at 17149.20 and then prices again consolidated for the last 30 minutes of trading. Prices have finally closed at 17171.95 wit h a loss of 220.65 points or 1.27% down. All the sectoral indices have seen a decline today and closed lower led by the BANKS which ended more than 2% lower followed by FINANCIAL, METAL, and PHARMA which ended nearly 2% lower.

Today’s narrow range suggests a sharp move should come in the next week. We should look for a trading opportunity in the direction of the breakout On Monday we should look for a buying opportunity on a breakout above 17350. But if the index moves lower then we should look for a shorting opportunity on a breakdown below 17100. Take only one trade whichever executes first. Keep a stop of 110 points and a target of 280 points from your entry price.

BANK NIFTY:

Today the Bank nifty opened at 36514.15 with a gap down of 397 points. The index continued its down move and added another 300 points and then saw a rally. The up move fizzled out quickly and prices drifted downwards again to record its intraday low at 35991.50. Prices have consolidated in the last hour of trading and finally closed at 36008.20 with a loss of 903 points. PVT and PSU BANKS both indices have performed almost the same today, saw an intraday decline, and closed lower by 1.96% & 2.10% respectively. Within the index, in terms of points, ICIC IBANK contributed the highest on the downside followed by HDFC BANK. We should  look to sell short below the low recorded. Also, if the index holds its support level, then we should look for buying above the high recorded Keep a stop of 300 points and a target of 800 points.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
MARUTI 7904 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 7800 and for the target of  8050.
TATASTEEL 1277 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 1275 with a stop loss of 1290 and target of 1250.

 

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
VEDL 405 PE BUY 3 CMP 0.5 7 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HONAUT.Apr 28 40816.6 0.41 2.51 6135 POLYCAB.Apr 28 2526.05 -8.22 17.24 728400
MIDCPNIFTY.Apr 26 7400.05 0.68 33.33 900 BSOFT.Apr 28 419.6 -2.92 0.54 3627000
ABB.Apr 28 2162.25 0.89 0.72 244000 HDFCAMC.Apr 28 2044.8 -2.59 0.95 2973400
UBL.Apr 28 1547.4 4.21 1.4 1142400 RAIN.Apr 28 178.9 -2.48 1.3 5830000
AARTIIND.Apr 28 922.5 -2.38 2.55 1779050
                                                                        Short Covering                                                                       Long Unwinding
PAGEIND.Apr 28 46010.7 0.01 -3.05 77280 ICICIGI.Apr 28 1316.8 -6.4 -7.07 2597175
DALBHARAT.Apr 28 1617.85 0.06 -27.52 835000 HINDALCO.Apr 28 515.45 -4.77 -6.91 22945875
PERSISTENT.Apr 28 4034.6 0.07 -3.68 463800 HINDCOPPER.Apr 28 116.8 -4.26 -11.27 13570800
ASHOKLEY.Apr 28 129.05 0.08 -2.66 27882000 AUBANK.Apr 28 1374.55 -4.25 -5.07 2108000
WHIRLPOOL.Apr 28 1639.25 0.09 -6.64 924000 LUPIN.Apr 28 753.5 -4 -3.99 7202050

 

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Ipca Laboratories Ltd. 1027.45 -0.29 409641 304973 80.49 Nifty50 17171.95 -1.27 37325874
Hdfc Bank Ltd. 1355.6 -1.36 10329574 5312415 76.86 Niftybank 36044.75 -2.1 17714420
Hindustan Unilever Ltd 2126.95 -3.23 3520828 2780437 75.35 Nifty it 32426.7 -0.57 1567414
Sbi Cards And Payment Se 815.4 2.47 6711765 3909890 72.44 India Vix 18.35 2.8 3.51E+08
Siemens Ltd 2339.7 -1.69 101796 57049 71.52 Nifty Fmcg 37775.45 -0.61 629791
Tech Mahindra Limited 1306.5 -0.47 1954666 828988 71.1 Nifty Pharma 13569.85 -1.82 47005491
Colgate Palmolive (india 1602.35 2.92 1107083 511969 70.73 Nifty Realty 448.1 -1.39 1.43E+09
Honeywell Auto India Ltd 40888 0.41 4350 2695 69.91 Nifty Auto 11028.15 -0.56 58232341
Dr. Reddys Lab Ltd 4192.75 -2.95 390743 190559 67.78 Nifty Metal 6440.65 -1.97 99053136
Infosys Limited 1585.45 -2.06 8134245 5623477 67.54 Nifty Financial Services 16664.45 -1.74 4357108

 

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (Mar) on 29th April, 2022

INR: Infrastructure Output (YoY) (Mar) on 29th April, 2022

•USD:  CB Consumer Confidence (Apr) on 26th April, 2022

•USD:  New Home Sales (Mar) on 26th April, 2022

NEWS UPDATES

•India is looking to raise 300 billion rupees ($3.9 billion) through an initial public offering of state-owned Life Insurance Corp., according to people with knowledge of the matter, about 40% lower than previous estimates as the war in Ukraine dents valuations.  Officials want to complete the listing — which will still be India’s biggest — in the next two weeks, the people said, asking not to be identified as the deliberations aren’t public. LIC will probably be valued at some 6 trillion rupees, the people said.

•Reliance Industries Ltd, operator of the world’s biggest oil refining complex, has ordered at least 15 million barrels of Russian oil since Russia invaded Ukraine in February, trade sources said. Reliance has bought an average 5 million barrels a month for the June quarter, the sources said. Reliance did not immediately respond to a Reuters’ email seeking comment.

•The fall in share prices of HDFC and HDFC Bank is temporary and is perhaps because the management was unable to articulate the benefits of the merger in a clear manner, said Keki Mistry, Vice chairman and chief executive officer (CEO) of HDFC Ltd. Speaking at Economic Times India Economic Conclave 2022, Mistry said, “This is very short term. We have not been able to communicate in a very articulate manner and clear manner on the HDFC merger as earnings were due”.

•Hindustan Zinc Ltd on Friday reported an 18 per cent rise in consolidated net profit to Rs 2,928 crore for the quarter ended on March 31, 2022, on the back of higher volumes and increase in metal prices.

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

 

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ARIHCAPM General;Final Dividend;Audited Results 25-Apr-22 KAPASHI General;Preferential Issue of shares 25-Apr-22
ARTSONEN Audited Results 25-Apr-22 KESARPE General 25-Apr-22
ASAL Audited Results 25-Apr-22 MAHINDCIE Quarterly Results 25-Apr-22
AXITA Dividend;Half Yearly Results;Results 25-Apr-22 MAHSCOOTER Final Dividend;Audited Results 25-Apr-22
BANKINDIA General 25-Apr-22 MFL Audited Results 25-Apr-22
BHAGYAPROP Voluntary Delisting of Shares 25-Apr-22 PARSHINV Issue Of Warrants;In. in Authorised Capital 25-Apr-22
BORORENEW Preferential Issue of shares 25-Apr-22 SHREYASI General 25-Apr-22
CENTURYTEX Dividend;Audited Results 25-Apr-22 SNOWMAN Audited Results 25-Apr-22
CONTPTR General 25-Apr-22 STEELXIND General;Audited Results 25-Apr-22
DIVSHKT Audited Results;Final Dividend 25-Apr-22 SYLPH Audited Results 25-Apr-22
EVEREADY Dividend;Audited Results 25-Apr-22 TATAINVEST Final Dividend;Audited Results 25-Apr-22
FOCUS General 25-Apr-22 TATVA Audited Results;Final Dividend 25-Apr-22
GMDCLTD Dividend;Audited Results 25-Apr-22 TRIVENIENT Quarterly Results;Audited Results 25-Apr-22

 

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
MUTHOOTFIN 25-Apr-22 Interim Dividend – Rs. – 20.0000 KSB 28-Apr-22 Dividend – Rs. – 12.5000
NIRMITEE 25-Apr-22 Bonus issue 5:1 MANINDS 28-Apr-22 Interim Dividend – Rs. – 2.0000
SAREGAMA 26-Apr-22 Stock  Split From Rs.10/- to Rs.1/- MOLDTKPAC 28-Apr-22 Interim Dividend – Rs. – 6.0000
TCMLMTD 26-Apr-22 Right Issue of Equity Shares 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/-
SHREEGANES 27-Apr-22 Bonus issue 1:1 STOVACQ 28-Apr-22 Dividend – Rs. – 57.0000
DCMFINSERV 28-Apr-22 E.G.M. VESUVIUS 28-Apr-22 Dividend – Rs. – 8.0000
HCLTECH 28-Apr-22 Interim Dividend – Rs. – 18.0000 ELANTAS 29-Apr-22 Dividend – Rs. – 5.0000

 

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