Morning-Outlook-Feature-Image

morning -outlook25may

NIFTY:

Nifty opened 16225.55 without much of a gap. The index initially moved up but the rally fizz led out quickly and prices have moved down after recording its intraday high at 16262.80. Prices have seen a down move of almost 150 points and then turned up. Prices have rallied and reached the morning highs but again turned downfn0 there wit h more pace. Prices have seen another down move of almost 200 points and recorded its intraday low at 16078.60. The index finally closed at 16125.15 with a loss of 89.55 points or 0.55% down. BANK & FINANCIAL out performed today and closed with gains. The AUTO ended almost flat today. FMCG, METAL,PHARMA, IT, and REALTY underperformed today and closed lower by more than 1%.

The range has appeared after a sustained down move of more than 100 points. So this range may continue fora couple of weeks. The volatility is very high as the volatility index ‘INDIA V IX’ again rose above 25 levels. For stable volatility, it needs to come around 15 -18 levels. summary here is we should avoid trading the index and wait for an adequate setup to emerge.

BANK NIFTY:

Bank Nifty opened at 34223.20 with a gap up of just 66 points. The index recorded its intraday low at 34115.80 within the first five minute of trading then moved up but the rally fizzled out quickly. Prices again rallied and recorded its intraday high at 34586.45. The index again turned down and prices came close to its opening tick. Finally, the index closed at 34305.70 with a gain of 148 points. PSU BANKS have underperformed today and ended lower by 0.21%.PVT BANKS have outperformed today and closed on a flat note. Within the index terms of points, HDFC BANK contributed the highest on the upside while AXIS BANK contributed the lowest. We have mentioned that a trading range is now visible inside the support at 33000 and resistance at 35000.We can now narrow it to 33200- 3480 The range is wide enough and likely to remain intact for a couple of weeks.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
TATAMOTOR 425 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 420 and for the target of  435.
AXISBANK 664 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 663 with a stop loss of 670 and target of 650.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DLF 320 PE BUY 2.80 CMP 0.5 10 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CIPLA.May 26 970.45 0.1 4.74 7270250 BALRAMCHIN.May 26 390.05 -5.58 3.15 5075200
GODREJCP.May 26 763.65 1.46 8.73 4843000 BEL.May 26 231.45 -0.15 0.25 25574000
                                                                        Short Covering                                                                       Long Unwinding
BAJAJ-AUTO May 26 3791.15 0.01 -47.27 907750 PVR.May 26 1699.45 -6.82 -15.11 1511598
TORNTPOWER.May 26 429.7 0.1 -18.62 2746500 DIVISLAB.May 26 3668.55 -6.02 -26.36 1128300
BANKNIFTY.May 26 34226.3 0.1 -15.35 1667600 PERSISTENT.May 26 3617.55 -4.51 -15.45 279150
UPL.May 26 793.15 0.1 -8.33 15303600 PEL.May 26 1805.7 -4.42 -3.35 2665575
GSPL.May 26 265.45 0.13 -16.63 1295400 METROPOLIS.May 26 1689.3 -4.3 -12.47 293400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2206.8 1.42 3778065 0 68.81 Nifty50 16125.15 -0.55 31911415
Icici Bank Ltd. 708.15 -0.41 13779981 0 67.13 Niftybank 34290.15 0.12 15036776
Crompton Greaves Consume 336.4 -1.22 516074 0 66.23 Nifty it 28531.5 -1.88 1077752
Hdfc Bank Ltd. 1318.95 1.15 6435398 0 65.48 India Vix 25.64 9.57 2.05E+08
Infosys Limited 1441 -1.87 5693167 0 64.15 Nifty Fmcg 38010.85 -1.3 524576
Kotak Mahindra Bank Limi 1882.6 1.53 3421900 0 63.23 Nifty Realty 392 -1.21 1.31E+09
Godrej Cons Products Ltd 762.95 1.38 1175865 0 63.22 Nifty Auto 11116.3 0.01 46324046
Navin Fluorine Internati 3717.15 1.15 124229 0 63.06 Nifty Metal 5180.3 -1.17 98683374
Tech Mahindra Limited 1098.35 -3.9 3666196 0 62.73 Nifty Media 1947.05 -2.57 2.61E+08
Hcl Technologies Ltd. 991.75 -2.61 3418456 0 61.61 Nifty Financial Services 15809.85 0.32 4375280

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 27th May, 2022

INR: Deposit  and Bank Loan Growth on 27th May, 2022

•USD:  Crude Oil Inventories on 25th May 2022

•USD:  FOMC Meeting Minutes on 25th may, 2022

NEWS UPDATES

  • India is set to restrict sugar exports as a precautionary measure to safeguard its own food supplies, another act of protectionism after banning wheat sales just over a week ago. The government is planning to cap sugar exports at 10 million tonnes for the marketing year that runs through September, according to a person familiar with the matter. The aim is to ensure there are adequate stockpiles before the next sugar season starts in October, the person said, asking not to be identified as the information is private.

  • Public sector lender Bank of India’s (BOI) net profit rose by 142.3 per cent to Rs 606 crore in Q4FY22, on improvement in net interest margins. It had posted a net profit of Rs 250 crore in Q4FY21, the bank said in a statement. For FY22, the net profit rose by 57.6 per cent to Rs 3,405 crore from Rs 2,160 crore in FY21.

  • Life Insurance Corporation of India (LIC) on Tuesday said its board will consider dividend, when it discloses its maiden quarterly results on May 30, Monday. In a filing to BSE, LIC said it will consider and approve the audited financial results, standalone and consolidated, for the quarter and year ended on March 31, 2022, and payment of dividend, if any, on May 30.

  • The board of Aditya Birla Fashion and Retail (ABFRL) on Tuesday approved raising up to Rs 2,195 crore by way of preferential issuance of equity and warrants to an affiliate of GIC, Singapore’s sovereign wealth fund (GIC), the company said in a statement. GIC will first invest Rs 770 crore towards subscription of equity and warrants, followed by up to Rs 1,425 crore in one or more tranches within 18 months upon exercise of warrants.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AIAENG Audited Results;Dividend 25-May-22 MAXINDIA Audited Results 25-May-22
APOLLOHOSP General;Dividend;Audited Results 25-May-22 MMFL Audited Results 25-May-22
ASAHIINDIA Dividend;Audited Results 25-May-22 MOIL Final Dividend;Quarterly Results 25-May-22
BATAINDIA Dividend;Audited Results 25-May-22 NATIONALUM Audited Results;General 25-May-22
BPCL Final Dividend;Audited Results 25-May-22 NHPC Audited Results;General;Final Dividend 25-May-22
COALINDIA Audited Results;Final Dividend 25-May-22 PFC Audited Results;Dividend 25-May-22
DEEPAKFERT Dividend;Audited Results 25-May-22 POLYPLEX Audited Results;Final Dividend 25-May-22
DELTA Audited Results;General 25-May-22 PRAJIND Audited Results;Final Dividend 25-May-22
EASEMYTRIP Audited Results 25-May-22 RELIGARE Audited Results 25-May-22
EMAMIPAP Quarterly Results;Dividend 25-May-22 SEQUENT Audited Results 25-May-22
FDC General;Quarterly Results 25-May-22 SHALBY Audited Results;Final Dividend 25-May-22
FORTIS Audited Results 25-May-22 SJVN Audited Results;Final Dividend 25-May-22
GMM Final Dividend;Bonus issue; Results 25-May-22 SUPRAJIT Audited Results;Final Dividend 25-May-22
HEG Dividend;Audited Results 25-May-22 SUPREME Quarterly Results 25-May-22
IIFLWAM Interim Dividend 25-May-22 SUZLON Quarterly Results 25-May-22
INDIGO Audited Results 25-May-22 TORNTPHARM Final Dividend;Bonus issue;Results 25-May-22
ITI Results;Preferential Issue of shares 25-May-22 VMART Audited Results;Dividend 25-May-22
MAXHEALTH Audited Results 25-May-22 WHIRLPOOL Final Dividend;Quarterly Results 25-May-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BIRET 25-May-22 Income Distribution RITES TCS 25-May-22 Final Dividend – Rs. – 22.0000
GRMOVER 25-May-22 Interim Dividend – Rs. – 0.2500 DAVANGERE 26-May-22 Right Issue of Equity Shares
INDIGRID 25-May-22 Income Distribution (InvIT) INDINFR 26-May-22 Income Distribution (InvIT)
QGO 25-May-22 Interim Dividend – Rs. – 0.1000 ITC 26-May-22 Final Dividend – Rs. – 6.2500
SBIN 25-May-22 Dividend – Rs. – 7.1000 MOTILALOFS 26-May-22 Buy Back of Shares

 

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