Morning Outlook 25th November, 2021

BANK NIFTY:

Bank Nifty opened at 37384.75 with a gap up of 127 points, the index initially moved down and recorded its intraday low at 37238.05, prices then start moving up and recorded its intraday high at 37891.90, the index have seen a sharp decline afterward come close to its early morning low and finally closed at 37346.70 with a gain of 89 points, Private and PSU bank both performed the same today , both indices have seen a rally and ended with again of 0.47% and 0.34% respectively, within the index, in term of points ICICI Bank contributed the highest while SBIN contributed the lowest .

Intraday movement are very volatile today and prices continued trading in a wide range , these wide range bars will eventually lead prices to choppy and narrow environment soon and we may see a process of consolidation. We have mentioned support around 37000 prices are holding support as of now , a strong resistance is now at 38500, we are advising trader to avoid the index.

TECHNICAL PICKS

COMPANY NAME	CMP	B/S	RATIONALE
ZEEL	334	BUY	The stock is on the verge of giving the breakdown on the intraday as well as the daily chart. The stock can be buy  with a stop loss of 327 and for the target of  345.
MARUTI	7669	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 7640 with a stop loss of  7690 and target  of  7550.

DERIVATIVE PICKS

Stock Name	Strike Price	Buy/Sell	CMP	Initiation	Stop Loss	Target	Remarks
ICICIBANK	760 CE	BUY	3	CMP	1	6	OI Increase

Long Buildup						Short Buildup
Stocks	Price	Price%	OI %	OI		Stocks	Price	Price%	OI %	OI
ZEEL.Nov 25	333.9	6.98	0.25	36975000		MINDTREE.Nov 25	4630	-3.94	1.1	659600
ICICIGI.Nov 25	1489.85	2.21	27.56	2047650		PIDILITIND.Nov 25	2250.75	-3.9	27.13	1500500
ADANIENT.Nov 25	1743.55	1.96	9.35	10995000		CHOLAFIN.Nov 25	588	-3.03	22.78	6300000
NTPC.Nov 25	135.35	1.35	2.11	23729100		ICICIPRULI.Nov 25	597	-3	1.13	1605000
BPCL.Nov 25	403.1	1.26	5.18	14227200		EICHERMOT.Nov 25	2523	-2.98	10.45	3530100
Short Covering						Long Unwinding
ADANIPORTS.Nov 25	758.9	4.24	-6.21	16871250		LTTS.Nov 25	5185	-3.97	-2.5	273400
ONGC.Nov 25	152.85	4.09	-22.38	15199800		IRCTC.Nov 25	859	-3.84	-7.21	5479500
CHAMBLFERT.Nov 25	379.25	3.35	-1.72	427500		BSOFT.Nov 25	482.45	-3.61	-26.75	1398800
LAURUSLABS.Nov 25	502.8	3.19	-0.93	2289600		ABBOTINDIA.Nov 25	19116.7	-3.29	-6.15	18325
TORNTPOWER.Nov 25	551.2	2.88	-9.8	1077000		SRF.Nov 25	2128.35	-3.11	-18.3	1141250

TOP DELIVERY PERCENTAGE

Stocks	Price	%Chg	Total Qty	Delivery	Del %			% Change
							Sectors	Price	Change %	Quantity
Infosys Limited	1696	-2.35	7333061	0	74.86		Nifty 50	17415.05	-0.5	82734
Trent Limited	1095.75	-1.45	1045914	0	74.09		Nifty Bank	37441.95	0.45	82734
Hdfc Ltd.	2883.55	-0.79	2318225	0	72.8		Nifty it	34966.25	-1.52	82734
Hindustan Unilever Ltd	2374.75	-0.81	999070	0	70.31		Nifty Energy	23650.05	0.27	82734
Axis Bank Limited	685.15	-0.07	11463429	0	70.17		Nifty Fmcg	38178.2	-0.99	82731
Container Corp Of India	629.1	-1.35	860804	0	69.05		Nifty Mnc	19167.45	-0.98	82734
Atul Ltd.	8574.25	-0.88	29739	0	68.7		Nifty Pharma	13408.1	-0.61	82734
Bajaj Auto Limited	3407.1	-0.81	287005	0	68.14		Nifty Pse	4020.15	0.75	82734
Indian Oil Corp. Ltd.	127.6	1.15	8101605	0	67.91		Nifty Services Sector	24667.8	-0.11	82734
Hcl Technologies Ltd.	1119.45	0.62	2675632	0	67.84		Nifty Realty	515.65	-0.07	82737

UPCOMING ECONOMIC DATA

Domestic                                                                                                                                                  International
INR: Deposit Growth and Loan Growth on 26th November, 2021 INR: FX Reserves, USD on 26th November, 2021	•USD: Pending Home Sales (MoM) (Oct) on 29th November, 2021

NEWS UPDATES

• The Dani family, one of the promoters of India’s largest paint firm, Asian Paints, has come under fire from proxy advisory firm, InGovern after the latter pointed out several related party transactions between Asian Paints and Paladin Paints and Chemicals, a private company owned by the Danis. “The lack of detailed disclosure and intent of procuring such a high percentage from companies, including Paladin, that are owned by promoters of Asian Paints is strange.

• Indian Overseas Bank (IOB) and Central Bank of India today informed the exchanges that there has been no information regarding the reported privatisation of the Banks. The central government will introduce the Banking Laws (Amendment) Bill 2021 in the Winter Session of Parliament. The proposed legislation is among the list of 26 bills that are scheduled to be introduced during the session.

• Larsen & Toubro (L&T) on Wednesday said it has entered into a pact with the Tamil Nadu government to establish a data centre in the state. L&T will establish 90 MW capacity data centres and associated units in a phased manner in Kanchipuram over the next five years. The company envisages to employ around 1,100 people — 600 direct and 500 indirect — in the project.

• Hinduja Group flagship Ashok Leyland has put in place a team to focus on alternate fuel technology that uses low carbon like CNG and LNG as part of its move towards building a green mobility future, the company said on Wednesday.

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

BOARD MEETINGS

Company Name	Purpose	Ex-Date	Company Name	Purpose	Ex-Date
ALPHA	Quarterly Results	25-Nov-21	PADALPO	Quarterly Results	25-Nov-21
AREYDRG	General; Preferential Issue of shares	25-Nov-21	SHIVAMAUTO	Rights Issue	25-Nov-21
GETALONG	General	25-Nov-21	VISAGAR	Bonus issue;In. in Auth. Cap.	25-Nov-21
ISMTLTD	Preferential Issue of shares	25-Nov-21	VISIONCO	General	25-Nov-21
JSTL	General	25-Nov-21	WANBURY	Quarterly Results	25-Nov-21
KIRLFER	General	25-Nov-21	MYSPAPE	A.G.M.	26-Nov-21
KOVAI	Quarterly Results	25-Nov-21	TPINDIA	Quarterly Results	26-Nov-21

CORPORATE ACTION

Company Name	Ex-Date	Purpose	Company Name	Ex-Date	Purpose
ABANSENT	25-Nov-21	Interim Dividend – Rs. – 0.1000	KSCL	25-Nov-21	Interim Dividend – Rs. – 4.00
BHARATFORG	25-Nov-21	Interim Dividend – Rs. – 1.5000	NILE	25-Nov-21	Interim Dividend – Rs. – 1.00
CUPID	25-Nov-21	Interim Dividend – Rs. – 1.00	NUCLEUS	25-Nov-21	Buy Back of Shares
INDAG	25-Nov-21	Interim Dividend – Rs. – 0.9000	PANAMAPET	25-Nov-21	Interim Dividend – Rs. – 2.00
KIOCL	25-Nov-21	Interim Dividend – Rs. – 0.9800	PGFOILQ	25-Nov-21	Interim Dividend – Rs. – 2.00

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