Morning-Outlook-Feature-Image

Morning-outlook-25july

NIFTY:

Nifty opened at 16661.25 With a gap up of 56 points. The index initially moved up but soon started drifting downwards, filling the gap and erasing all the gains that came today. Prices have found support around 16600, recorded its intraday low at 16610.90, and then bounced up sharply. A minor dip came in the afternoon but soon prices again turned up. The index recorded its intraday high at 16752.25 and again moved down in the last hour of trading. Prices have finally closed at 16719.45 with a gain of 114.20 points or 0.69% up. BANK and FINANCIAL have outperformed today, led the bulls, and closed higher by nearly 1.50%.IT underperformed today and closed lower by 0.62%. METAL and OIL GAS closed with minor changes.

We were expecting and also mentioned in last Friday’s letter that this week should be a wide range week. The NIFTY gained over 650 points, nearly 4% when compared to last Friday’s closing. The next week again may be choppy and narrow. The short-term trend is up. Support is visible around 16300 while resistance should emerge around16850.

BANK NIFTY:

Bank Nifty opened at 36026.55 With a gap up of 136 points. The index initially moved down and filled the gap within the first 5 minutes of trading. Prices then rallied sharply and faced resistance around 36300. Prices have recorded its intraday low at 35887.35 and intraday high at 36331.70 and finally closed at 36226.15 with a gain of 336 points. PVT BANKS have outperformed today, saw a sharp upside move, and closed higher by 1.43%.PSU BANKS have also moved up today and ended with a gain of 0.60%.Within the index, in terms of points, HDFC BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest.

The short-term trend is up as the index has been closing higher for the last six trading days. Support is now visible around 35500 while resistance is visible around 37000.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
TITAN 2325 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 2313 and for the target of  2355.
TATA POWER 230 SELL The stock has been continuously moving upside but today at resistance it made an inverted hammer candle, therefore, it can be sold below 229 with a stop loss of 228.80 and a target of 231.85.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
JSW STEEL 580 PE BUY 12.30 CMP 8.75 17.45 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TATAPOWER.22.07 Jul 230.4 0.02 1.78 73541250 SYNGENE.22.07 Jul 571.45 -4.84 26.17 1461000
TATAMOTORS.22.07Jul 455.25 0.02 0.26 57693975 INDIAMART.22.07 Jul 4062.05 -4.83 3.66 322950
BATAINDIA.22.07 Jul 1831.95 0.03 2.57 1693175 DEEPAKNTR.22.07 Jul 1804 -3.07 8.76 1880000
BAJFINANCE.22.07 Jul 6272.15 0.07 1.27 4668250 MGL.22.07 Jul 749.55 -3.07 9.21 3576800
CIPLA.22.07 Jul 971.15 0.11 0.34 8063900 CROMPTON.22.07 Jul 374.4 -2.78 2.01 3421500
                                                                        Short Covering                                                                       Long Unwinding
RECLTD.22.07 Jul 126.3 0 -1.65 23622000 RBLBANK.22.07 Jul 91.7 -3.68 -8.87 38410000
TORNTPHARM.22.07Jul 1485.45 0.01 -0.3 1818500 NBCC.22.07 Jul 32.6 -3.41 -3.55 14280000
ADANIPORTS.22.07 Jul 754.2 0.06 -1.47 25018750 AARTIIND.22.07 Jul 757.7 -2.79 -1.59 3363450
BAJAJ-AUTO.22.07 Jul 4054.85 0.15 -0.32 2103750 DIXON.22.07 Jul 3847.65 -2.66 -1.13 468375
ADANIENT.22.07 Jul 2500.65 0.21 -0.73 20422000 ABB.22.07 Jul 2698 -2.56 -9.09 757250

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Abbott India Limited 19949.9 -0.83 15823 0 80.27 Nifty50 16719.45 0.69 86346
Power Grid Corporation o 210 -1.08 6954150 0 78.33 Niftybank 36738.95 1.49 86346
Rec Limited 126.15 0.2 2168564 0 74.22 Nifty it 28168.15 -0.62 86346
Hdfc Ltd. 2295.95 2.39 3059414 0 72.91 India Vix 16.65 -1.25 86346
Ambuja Cements Ltd 372.55 0.49 3091493 0 71.77 Nifty Fmcg 42502.75 0.52 86349
Hdfc Bank Ltd. 1392.5 2.33 6364796 0 66.2 Nifty Pharma 12617.55 -0.27 86349
Grasim Ind Ltd. 1521.35 3.87 1643539 0 66.05 Nifty Realty 439.5 0.34 86349
Gujarat State Petronet l 239.7 4.79 2657149 0 65.75 Nifty Auto 12634.2 0.42 86352
Gmr Infrastructure Limit 35.25 -0.14 6208053 0 65.72 Nifty Metal 5094.1 0.08 86352
Power Finance Corporatio 111.3 -0.36 1700122 0 65.08 Nifty Financial Services 16858.55 1.55 86352

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  M3 Money Supply on 27th July, 2022 •USD:  New Home Sales (Jun) on 26th July, 2022

•USD:  CB Consumer Confidence (Jul) on 26th July, 2022

NEWS UPDATES

  • Reliance Industries (RIL) is all set to announce its financial results for the quarter ending June 30, 2022 (Q1FY23), on Friday. Its subsidiaries, Reliance Jio and Reliance Retail, will also announce their results on Friday. The company, in FY22, had become the first Indian company to clock a revenue of over $100 billion. In FY22, the company reported a 47 per cent growth year-on-year (Y-o-Y) in the gross revenue. It was $104.6 billion or Rs 7.92 trillion. For Q4FY22, the consolidated gross revenue for the company stood at Rs 2.32 trillion, 35.1 per cent higher than the same quarter in the previous year.

  • Fitch Ratings has downgraded Jubilant Pharma Ltd’s Long-Term Issuer Default Rating (IDR) from “BB” to ‘BB-‘ as the rise in its capital expenditure will coincide with lower profitability. This could see its financial leverage worsen beyond earlier estimates. Fitch has also downgraded the company’s senior unsecured rating and that of its $200 million 6 per cent senior unsecured notes due 2024 to ‘BB-‘, from ‘BB’.

  • Aditya Birla Group’s metals flagship Hindalco Industries and Aequs have entered into a strategic pact for long-term collaboration and joint business development in the commercial aerospace sector. The move will strengthen the commercial aerospace business of Aequs Pvt Ltd.

  • Bharti Airtel Chairman Sunil Mittal has said that the company will be at the forefront of bringing 5G connectivity to India with a powerful network to support the country’s digital-first economy. The comments from Mittal assume significance as the countdown for 5G spectrum auctions has begun.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AETHER Quarterly Results 25-Jul-22 LODHA Quarterly Results 25-Jul-22
ANURAS Interim Dividend;Quarterly Results 25-Jul-22 MAHSCOOTER Quarterly Results 25-Jul-22
APOLLOTRI Quarterly Results 25-Jul-22 MAHSEAMLES Quarterly Results;General 25-Jul-22
ASTEC Quarterly Results 25-Jul-22 MANCREDIT Quarterly Results;A.G.M. 25-Jul-22
AXISBANK Quarterly Results 25-Jul-22 MERMETL General 25-Jul-22
CANBK Quarterly Results 25-Jul-22 MOONGIPASEC Preferential Issue of shares 25-Jul-22
CENTRALBK Quarterly Results 25-Jul-22 NOL Preferential Issue of shares;A.G.M. 25-Jul-22
CENTURYTEX Quarterly Results 25-Jul-22 ORIENTELEC Quarterly Results 25-Jul-22
CHENNPETRO Quarterly Results 25-Jul-22 PRIMEFRESH Issue Of Warrants;A.G.M.;General 25-Jul-22
CRAFTSMAN Quarterly Results;General 25-Jul-22 SANGAMIND Quarterly Results 25-Jul-22
GARNETINT Quarterly Results;General 25-Jul-22 SHANTIGEAR Quarterly Results 25-Jul-22
GEE A.G.M. 25-Jul-22 SHARDACROP Quarterly Results 25-Jul-22
GLAXO Quarterly Results 25-Jul-22 SHREEGANES Quarterly Results 25-Jul-22
HGIND Quarterly Results 25-Jul-22 SONATSOFTW Bonus issue;Quarterly Results 25-Jul-22
IEX Quarterly Results 25-Jul-22 STAR General 25-Jul-22
IIFLWAM Interim Dividend;Quarterly Results 25-Jul-22 STLTECH Quarterly Results 25-Jul-22
JINDRILL Quarterly Results 25-Jul-22 SUPREMEIND Quarterly Results 25-Jul-22
JOHNPHARMA Quarterly Results 25-Jul-22 SWARAJENG Quarterly Results 25-Jul-22
JSL Quarterly Results 25-Jul-22 SWASTIKA Quarterly Results 25-Jul-22
JYOTHYLAB Quarterly Results 25-Jul-22 TANLA Quarterly Results 25-Jul-22
KAMDHENU Quarterly Results;General 25-Jul-22 TATASTEEL Quarterly Results;General 25-Jul-22
KESARENT Audited Results 25-Jul-22 TATVA Quarterly Results 25-Jul-22
KPITTECH Quarterly Results 25-Jul-22 TECHM Quarterly Results 25-Jul-22
LAXMIMACH Quarterly Results 25-Jul-22 TEJASNET Quarterly Results 25-Jul-22
LEX A.G.M.;General 25-Jul-22 VIMTALABS Quarterly Results 25-Jul-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BOMOXY-B1 25-Jul-22 Final Dividend – Rs. – 20.00 TCI 26-Jul-22 Final Dividend – Rs. – 2.00
BRIGADE 25-Jul-22 Final Dividend – Rs. – 1.50 TTKHEALTH 26-Jul-22 Final Dividend – Rs. – 10.00
DCMSRMIND 25-Jul-22 Final Dividend – Rs. – 0.50 VEDL 26-Jul-22 Interim Dividend – Rs. – 19.50
DEEPAKNI 25-Jul-22 Dividend – Rs. – 7.00 ABMKNO 27-Jul-22 Final Dividend – Rs. – 1.2500
ESCORP 25-Jul-22 Bonus issue 2:3 BEPL 27-Jul-22 Interim Dividend – Rs. – 1.00
GRAPHITE 25-Jul-22 Dividend – Rs. – 10.00 DALMIASUG 27-Jul-22 Dividend – Rs. – 1.00
HARDWYN 25-Jul-22 Bonus issue 1:2 EPL 27-Jul-22 Final Dividend – Rs. – 2.1500
KAMDHENU 25-Jul-22 Dividend – Rs. – 1.00 GABRIEL 27-Jul-22 Final Dividend – Rs. – 1.00
SHARDACROP 25-Jul-22 Final Dividend – Rs. – 3.00 HAWKINCOOK 27-Jul-22 Final Dividend – Rs. – 60.00
DIAMONDYD 26-Jul-22 Final Dividend – Rs. – 0.50 HEROMOTOCO 27-Jul-22 Final Dividend – Rs. – 35.00
GPPL 26-Jul-22 Final Dividend – Rs. – 2.40 KALPATPOWR 27-Jul-22 Final Dividend – Rs. – 6.50
HATSUN 26-Jul-22 Interim Dividend – Rs. – 6.00 LAKSELEC 27-Jul-22 Final Dividend – Rs. – 15.00
JMCPROJECT 26-Jul-22 Final Dividend – Rs. – 1.00 MENONBE 27-Jul-22 Interim Dividend – Rs. – 2.00
MAXINDIA 26-Jul-22 Reduction of Capital MRF 27-Jul-22 Final Dividend – Rs. – 144.00
NELCAST 26-Jul-22 Final Dividend – Rs. – 0.30 NITTAGELA 27-Jul-22 Dividend – Rs. – 4.00
PIDILITIND 26-Jul-22 Dividend – Rs. – 10.00 PRAJIND 27-Jul-22 Final Dividend – Rs. – 2.70
SANDUMA 26-Jul-22 Right Issue of Equity Shares PRAJIND 27-Jul-22 Special Dividend – Rs. – 1.50
SHAREINDIA 26-Jul-22 Interim Dividend – Rs. – 2.00 TCIEXP 27-Jul-22 Final Dividend – Rs. – 2.00
SIMPLXREA 26-Jul-22 Final Dividend – Rs. – 1.00 THANGAMAYL 27-Jul-22 Final Dividend – Rs. – 5.00
STEELCAS 26-Jul-22 Final Dividend – Rs. – 1.80 UPL 27-Jul-22 Final Dividend – Rs. – 10.00

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