Morning-Outlook-Feature-Image
Outlook-27-12-2021

NIFTY:

NIFTY opened at 17149.50 with a gap up of 77 points. The index recorded its intraday high at 17155.60 within the first five minutes of trading and then started drifting downwards. A sharp decline of almost 250 points in one and half hours of trading and the index recorded its intraday low at 17909.60.Prices then consolidated for the whole afternoon in a tight narrow range. The consolidation eventually broke on the upside and the index rallied more than 100 points and then again consolidated. The index finally closed at 17003.75 with a loss of 68.85 points or 0.40% down. TheAUTO,PHARMA, and REALTY underperformed today, led the bears, and closed lower by more than 1%. IT outperformed today and was the only sector that closes with gains.

The short-term trend is still sideways. It will be up if the index closes above 17200 and it will be down if the index closes below 16900.We may get a clear sense of direction in the next week. The long-term trend is down while the long-term momentum is moving down and moving inside the weak zone. The Intermediate trend is sideways again while the intermediate momentum has bounced up from the weak zone and today reached within the strength zone.

BANK NIFTY:

BANK NIFTY opened at 35282.20 with a gap up of 236 points. The index first recorded its intraday high at 35327.95 and then moved down. A sharp decline brought prices to its intraday low at 34583.40 and then prices consolidated in a narrow range. A minor rally came that again turned into consolidation towards the end of todays trading session. Prices have finally closed at 34864.80with a loss of 219 points. PSU BANKS have seen a sharp downside move today and dosed lower by nearly 2%.PVT BANKS have also seen a decline today and ended with a loss of nearly 1%. Within the index, in terms of points, KOTAK BANK contributed the most on the downside followed by AX IS BANK.

BANK NIFTY traded very volatile today. Prices have seen a sharp decline and then a recovery but stayed below the resistance at 35500.The short-term trend is sideways and it is possible that we may see a directional move soon.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
INDHOTEL 176 SELL The stock is on the verge of giving the breakdown on the intraday as well as the daily chart. The stock can be sold  below 175 with a stop loss of 179 and for the target of 170.
COFORGE 5645 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 bought above 5650 with a stop loss of 5560 and target  of 5820.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
M&M 800 PE BUY 4.60 CMP 2 10 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MPHASIS.Dec 30 3229.15 0.93 4.16 1487525 MFSL.Dec 30 949.5 -1.67 0.46 1426750
FSL.Dec 30 184 4.93 10.25 6936800 POWERGRID.Dec 30 205.2 -1.61 0.02 21529321
VOLTAS.Dec 30 1193.3 -1.29 2.05 2217000
FINNIFTY.Dec 28 16989.2 -1.05 17.78 2120
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GODREJCP.Dec 30 967.45 0.01 -5.81 4873500 L&TFH.Dec 30 76.95 -7.23 -16.31 46886696
JSWSTEEL.Dec 30 650.8 0.05 -15.18 25744500 BIOCON.Dec 30 354.45 -5.44 -3.97 15975800
NAUKRI.Dec 30 5399.95 0.09 -7.61 1200125 DELTACORP.Dec 30 263.1 -3.93 -6.22 12560300
ICICIPRULI.Dec 30 563.9 0.12 -3.39 4788000 TORNTPHARM.Dec 30 3053.5 -3.73 -2.49 684000
GMRINFRA.Dec 30 42.65 0.12 -1.91 1.13E+08 M&MFIN.Dec 30 145.05 -3.65 -6.17 21152000

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Alkem 3460.95 0.34 88885 51927 84.85 Nifty 50 17003.75 -0.4 25233742
Colgate Palmolive (india 1457.65 -0.51 643830 251030 75.15 Nifty Bank 34857.05 -0.95 12284281
Hdfc Bank Ltd. 1438.9 -0.36 2780512 1333057 71.35 Nifty Media 2241.35 -0.29 1.91E+08
Hdfc Life Insurance Comp 637.35 -0.49 1183083 646655 65.9 Nifty Realty 477.3 -1.48 8.95E+08
Indus Towers Limited 249.8 -1.48 1020469 352372 65.19 Nifty Energy 22588.85 -1.23 916877
Mphasis Limited 3218 0.99 862697 333493 64.41 Nifty Auto 10620.75 -1.03 40254977
Sun Pharma  Ltd 785.4 -0.89 3076272 2024523 63.97 Nifty Pharma 13491.25 -1.12 31723859
Oracle Fin Serv Soft Ltd 3905.65 -2.2 93348 55942 63.52 Nifty Fmcg 36913.75 -0.22 410572
Icici Lombard General In 1340.35 -1 234118 118214 63.45 Nifty Metal 5492.7 -0.49 78106473
Hdfc Asset Management Co 2349.1 -1.23 280056 156873 62.73 Nifty Financial Services 16956.75 -0.93 2739928

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Infrastructure Output (YoY) (Nov) on 31st December, 2021

INR: Deposit and Bank Loan Growth Rate on 31st December, 2021

•USD: CB Consumer Confidence (Dec) on 28th December, 2021

•USD: Pending Home Sales (MoM) (Nov) on 29th December, 2021

NEWS UPDATES

  • The CBI has filed two supplementary chargesheets in connection with alleged illegal remittance of Rs 6,000 crore from a Bank of Baroda branch in Delhi to Hong Kong, camouflaged as payment for imports, sources said. In the chargesheets filed before a special CBI court, the central agency has alleged that a group of people opened accounts and deposited funds in them through various other accounts.

  • IL&FS Infrastructure Investment Trust ( IL&FS InvIT) has commenced business with acquisition of first road asset — Moradabad-Bareilly Expressway Ltd. The final consideration for sale of shares is Rs 576.77 crore and adjusted final consideration for assignment of receivables is Rs 14.26 crore. This transaction is based on final valuation and adjustments as stated in the Share Purchase Agreement (SPA).

  • HDFC Bank’s efforts in furthering financial inclusion through partnership with the Government of India’s Common Service Centres (CSC) have been adjudged ‘Most Innovative Best Practice’ for financial inclusion at the coveted CII Digital Transformation Award 2021.

  • Amid Omicron surge in the country, Prime Minister Narendra Modi, while addressing the nation today, said the country will start another vaccination programme to inoculate the children aged 15-18 from January 3, 2022. He also citizens above 60 years of age with co-morbidities will also have the option of taking “precaution dose” of the vaccine on the advice of their doctor. “This will also be available from January 10,” the Prime Minister said.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BHATIA Stock  Split;General 27-Dec-21 GRNLAMIND General 28-Dec-21
GESHIP Buy Back of Shares 27-Dec-21 GROWINGTON Issue Of Warrants;General 28-Dec-21
IWEL Issue Of Warrants;Preferential Issue 27-Dec-21 GVKPIL Audited Results 28-Dec-21
LLOYDSME General 27-Dec-21 MAZDOCK Interim Dividend 28-Dec-21
MSRINDIA Reduction of Capital 27-Dec-21 NATCAPSUQ Rights Issue 28-Dec-21
NARPROP General 27-Dec-21 PANORAMA General 28-Dec-21
NIDHGRN Preferential Issue of shares 27-Dec-21 RIR General 28-Dec-21
SAVERA General 27-Dec-21 BLUECLOUDS Issue Of Warrants;General 29-Dec-21
SDBL Right Issue of Equity Shares;General 27-Dec-21 INDOSOLAR Audited Results;Quarterly Results 29-Dec-21
VGIL Rights Issue;General 27-Dec-21 INDSILHYD Dividend on Preference Shares 29-Dec-21
ADVIKCA Increase in Auth. Capital;Pref. Issue 28-Dec-21 KCLINFRA Voluntary Delisting of Shares 29-Dec-21
AJANTPHARM Buy Back of Shares 28-Dec-21 NGLFINE General 29-Dec-21
DIAMINESQ General 28-Dec-21 ODYCORP General 29-Dec-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
NINSYS 29-Dec-21 E.G.M. SAHYADRI 30-Dec-21 Interim Dividend – Rs. – 3.0000
ANDHRSUGAR 30-Dec-21 Stock  Split From Rs.10/- to Rs.2/- TAPARIA 30-Dec-21 Interim Dividend – Rs. – 70.0000
GAIL 30-Dec-21 Interim Dividend – Rs. – 4.0000 VISAGAR 31-Dec-21 E.G.M.
MOIL 30-Dec-21 Buy Back of Shares QUANTDIA 04-Jan-22 E.G.M.
PQIF 30-Dec-21 Stock  Split From Rs.10/- to Rs.2/- JOHNPHARMA 05-Jan-22 Stock  Split From Rs.10/- to Rs.1/-

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