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.
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.
|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.|
|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|
|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|
|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
|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
|•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
|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|
|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|
|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|
|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|
|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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