Morning-Outlook-Feature-Image

outlook-2021-11-26NIFTY:

Nifty opened at 17417.30 without much of a gap, initially prices went down for the first hour of trading found intraday support near 17350 and recorded its intraday low at 17351.70, the nifty then started moving on the upside, the rallied continued for the rest of the day prices recorded its intraday high at 17564.35 minor dips were quickly bought into, The index finally closed at 17536.25 near its day high wit a gain of 121.20 points or 0.70% down. Oil&Gas , Realty, Pharma and Media have contributed on the upside and ended with gain of more than 1%. Banks, Auto and financials have seen minor decline and ended lower.

Since the support is holding so we should be looking for a buying opportunity on any sign of strength , that sign may be breakout above 17600, hence the idea is to buy on a breakout above 17600. In case of a gap up above 17600 we should apply the first 15 minutes rule, however if the index did not move up and fell then we should be buying on a dip at 17350. In either case keep a stop loss of 110 points and target of 240 points

 

BANK NIFTY:

Bank Nifty opened at 37362.05 with a marginal gap up, the index first saw decline and recorded its intraday low at 37362.35 , prices then moved up and that rally did not sustain long , another up move came in the afternoon and index recorded its intraday high at 37507.95, prices have seen minor decline and finally closed at 37382.25 with a gain of just 36 points. Within the index in term of points Kotak contributed the highest and ICICI bank contributed the lowest.

Last two days were sideways and today index closed near the opening tick with marginal gain when compared to yesterday. We have mentioned a support near 37000 while the resistance is above 38000, a breach on either side is a trading opportunity in the same direction . We should take trade in the direction of breakout.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
APOLLOHOSP 5701 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 5600 and for the target of  5840.
TITAN 2397 BUY The  immediate trend of the script is bullish. There is a positive  cross over of moving averages  as well as of the indicators therefore  it can be buy above 2405 with a stop loss of 2380 and target  of  2480.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATASTEEL 1160 PE BUY 40 CMP 25 70 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI   Stocks Price Price% OI % OI
VEDL.Nov 25 368.8 6.77 2.1 25032500 SIEMENS.Nov 25 2177.85 -4.15 5.4 225500
APOLLOHOSP.Nov 25 5741.1 6.46 34.74 559000 INDIGO.Nov 25 2073 -3.46 18.96 660500
RELIANCE.Nov 25 2497 6.03 16.59 9662500 METROPOLIS.Nov 25 2948.05 -2.75 11.88 423800
TORNTPHARM.Nov 25 2985.9 5.98 12.66 202500 AUBANK.Nov 25 1189.1 -1.47 0.59 1361000
PIIND.Nov 25 2982.7 3.03 15.82 344000 PVR.Nov 25 1549.65 -1.26 6.6 722832
                                                                        Short Covering                                                                       Long Unwinding
NTPC.Nov 25 135.45 0.04 -8.87 9256800 IPCALAB.Nov 25 2022.9 -2.13 -11.72 496350
STAR.Nov 25 504.35 0.1 -4.35 964575 FSL.Nov 25 171.7 -2 -11.13 1827800
BAJAJFINSV.Nov 25 17414.25 0.11 -14.56 169050 HINDPETRO.Nov 25 318.5 -1.82 -2.16 6485400
L&TFH.Nov 25 79.15 0.19 -1.01 21810256 HAL.Nov 25 1353.8 -1.61 -13.57 477850
ALKEM.Nov 25 3327.35 0.23 -11.64 59200 AMARAJABAT.Nov 25 625 -1.47 -1.03 2502000

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Siemens Ltd 2154.85 -5.34 2153505 0 26.64 Nifty 50 17536.25 0.7 80202
Indigo 2071.6 -3.28 943511 0 24.06 Nifty 100 17861.65 0.73 80202
Metropolis Healthcare Li 2947.45 -2.8 138374 0 18.48 Nifty Bank 37364.75 -0.21 80202
Hindustan Petroleum Corp 316.1 -2.47 4110270 0 39.55 Nifty it 35300.25 0.96 80202
Firstsource Solutions Li 171.95 -1.83 3276676 0 32.47 Nifty Fmcg 38259.75 0.21 80202
Ipca Laboratories Ltd. 2024.45 -1.77 1162078 0 48.04 Nifty Mnc 19206.6 0.2 80202
Hindustan Aeronautics Li 1352.55 -1.7 713739 0 45.55 Nifty Pharma 13566.5 1.18 80202
Amara Raja Batt Ltd 624.2 -1.63 881940 0 42.74 Nifty Pse 4017.4 -0.07 80202
Indian Oil Corp. Ltd. 125.65 -1.53 6387962 0 41.95 Nifty Services Sector 24724.55 0.23 80202
Britannia Ind Ltd. 3573.4 -1.38 232784 0 45.11 Nifty Realty 525.7 1.95 80202

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 Centre on Thursday asked all states and union territories to conduct rigorous screening and testing of all international travellers coming from or transiting through South Africa, Hong Kong and Botswana, where a new Covid-19 variant of serious public health implications has been reported.

•Fitch Ratings has affirmed Bharti Airtel’s long-term foreign currency Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB-‘. The outlook on the IDR is negative, Fitch Ratings said in a statement. Fitch has also affirmed Bharti Airtel International (Netherlands) BV’s senior unsecured guaranteed bonds at ‘BBB-‘ and Network i2i Limited’s subordinated perpetual bond at ‘BB’.

•India’s top fast moving consumer goods makers Hindustan Unilever Ltd., (HUL) and ITC LTd., have taken price hikes on select variants of soaps and detergents citing higher input costs.  HUL has increased the price of Wheel detergent powder by 3.4% on its 1 kg pack, CNBC TV 18 reported on November 25.  This would result in a hike of ₹2, the news channel reported citing sources. A price hike has been initiated on a 500-gram pack of Wheel. It has also increased prices on packs of Rin detergent bar and Lux soaps.

•Housing Development Finance Corporation (HDFC) Ltd on Thursday said it will raise up to Rs 10,000 crore by issuing bonds on private placement basis to augment its long-term capital.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
GSCLCEMENT General 26-Nov-21 RADHEDE General 26-Nov-21
IMFA Bonus issue 26-Nov-21 RAGHUSYN General 26-Nov-21
JANUSCORP Increase in Authorised Capital 26-Nov-21 SAURASHCEM General 26-Nov-21
MYSPAPE A.G.M. 26-Nov-21 SCBL General 26-Nov-21
NAVODAYENT Increase in Authorised Capital 26-Nov-21 TPINDIA Quarterly Results 26-Nov-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
INDOUS 29-Nov-21 Bonus issue 1:5 SHEETAL 01-Dec-21 E.G.M.
KOTIC 29-Nov-21 E.G.M. TIGERLOGS 01-Dec-21 Interim Dividend – Rs. – 1.0000
RVNL 30-Nov-21 Final Dividend – Rs. – 0.4400 APOLLOPIPES 02-Dec-21 Bonus issue 2:1

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