Morning-Outlook-Feature-Image

Morning-outlook-27july

NIFTY:

Today, the NIFTY opened at 16632.90 without much of a gap. The index continued its bearish momentum from yesterday and started drifting downwards after recordings intraday high at 16636.10. A sharp decline brought prices near 16500 and the index found support there. A rally then began which fizzled out in the second half and prices resumed their down move. The index then broke 16500 and moved further on the downside to recordings an intraday low at 16463.30. Prices have finally closed at 16483.85 with a loss of 147.15 points or0.88% down. All the sectoral indices have seen a down move today and ended lower except the MEDIA which ended with a gain of 0.86%. IT led the bears today and ended with a loss of nearly 3%. The index recorded a swing high around 16700 this level should now act as a resistance. The trend is up as prices are moving in the formation of higher highs and higher lows. The support is visible around 16300 which was also a breakout point of a trading range. Fresh trades should emerge either around 16300 or on dose above 16700. As far as prices are moving between these levels, we should step aside and avoid trading the index. We should now wait for a decisive breakout on either side of the markets.

BANK NIFTY:

Today, the BANK NIFTY opened at 36688.55 with a minor gap up. The index did not sustain there and started drifting downwards after the open. Prices have recorded their intraday high at 36695.75 and saw a sharp intraday decline that brought prices below 36400. An upside move came in the afternoon but the rally fizzled out quickly. Prices recorded their intraday low at 36334.10 and finally closed at 36349.85 with a loss of 318 points. PVT and PSU BANKS both have performed almost the same today, saw an intraday decline, and ended lower by 0.94% & 0.69% respectively. Within the index, in terms of points, BANK BARODA contributed the highest on the upside while AXIS BANK contributed the lowest. Prices have rallied, touched 37000 and then move down. Support is visible around 35500. As of now, we should step aside and avoid trading the index. We should wait for prices to find support.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE
GRASIM 1514.85 BUY Stock made a base at lower levels and gave breakout, currently price waiting at higher levels to continue its upside journey. One should buy at CMP for the target of 1543.70 with SL of 1497.
TCS 3115.90 SELL Long term trend of the stock is down, after some pullback, the price again gets weak and could continue its downtrend. One should sell @3118 for the target of 3074 with SL of 3114.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
LTI  (PE) 4200 BUY 105.45 CMP 85 145 BREAKOUT FAILURE
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
                                                                        Short Covering                                                                       Long Unwinding
AUBANK.22.07 Jul 582.55 0.03 -56.81 1915000 PERSISTENT.22.07 Jul 3333.55 -7.62 -43.61 346200
JSWSTEEL.22.07 Jul 596.15 1.65 -53.58 8715600 VEDL.22.07 Jul 241.85 -6.31 -32.46 22189800
DELTACORP.22.07 Jul 193.2 4.55 -53.37 6417000 MPHASIS.22.07 Jul 2178.35 -6.24 -39.5 835450
IPCALAB.22.07 Jul 977.85 1.01 -52.18 299650 INTELLECT.22.07 Jul 653.8 -6.23 -27.65 490500
BANKBAROD.22.07Jul 116.35 1.09 -52.16 40979250 LTTS.22.07 Jul 3252.9 -5.73 -41.44 600400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Laurus Labs Limited 484.1 -2.61 1152523 481904 63.3 Nifty50 16483.85 -0.88 28533963
Torrent Power Limited 501.65 -0.52 555617 202725 62.3 Niftybank 36408.5 -0.87 12927351
Abb Limited 2713.4 1.9 544688 195955 62.22 Nifty it 27418.85 -2.83 1502324
Crompton Greaves Consume 376.85 0.45 2219333 1562225 57.33 India Vix 18.17 2.77 261456463
Siemens Ltd 2676.75 -1.68 334834 220914 55.73 Nifty Fmcg 41799.05 -1.39 402955
City Union Bank Ltd. 162.2 0.4 3828253 2118199 54.14 Nifty Pharma 12341.9 -1.18 38037072
Cummins India Limited 1181.45 -0.45 665554 337675 53.33 Nifty Realty 433.1 -1.01 1085081850
Icici Lombard General In 1157 -2.71 667568 420065 52.3 Nifty Auto 12276.5 -1.18 38258516
Ipca Laboratories Ltd. 984.4 1.89 389980 223792 52.23 Nifty Metal 5153.4 -0.29 91314941
Ambuja Cements Ltd 369.95 -0.32 3457867 2204822 52.07 Nifty Financial Services 16734.1 -0.61 4303436

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  M3 Money Supply on 27th July, 2022 •USD:  Crude Oil Inventories on 27th July, 2022

•USD:  Fed Interest Rate Decision on 27th July, 2022

NEWS UPDATES

  • The Competition Commission has approved the purchase of stake in Tata Power Renewable Energy Ltd (TPREL) by Greenforest New Energies Bidco. The proposed combination relates to the acquisition of up to 11.43 per cent stake in TPREL by Greenforest New Energies Bidco, an investment vehicle jointly run by BlackRock and Mubadala Investment Company.

  • Union Bank of India on Tuesday reported a 32 per cent rise in standalone net profit to Rs 1,558.46 crore for the quarter ended June 2022, helped by a fall in bad loans. Its core interest income also rose at a healthy rate. The bank had posted a standalone net profit of Rs 1,180.98 crore in the year-ago quarter. Its total income during the April-June period rose to Rs 20,991.09 crore against Rs 19,913.64 in the same quarter of 2021-22, Union Bank of India said in a regulatory filing.

  • India’s crude steel production rose over 6 per cent year-on-year to 10 million tonnes in June 2022, according World Steel Association. As per the World Steel Association (worldsteel) data, India is the only country which has registered a positive growth in its steel output during June. The country had produced 9.4 million tonnes (MT) crude steel during the same month last year, the global industry body said in its latest report.

  • Asian Paints reported an 80.39 per cent increase in its consolidated net profit to Rs 1,036.03 crore for the first quarter ended on June 30, 2022, as the business grew both in volume and value terms. The company had posted a net profit of Rs 574.30 crore during the April-June quarter of the previous fiscal, Asian Paints said in a regulatory filing.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AARTIDRUGS Audited Results;Quarterly Results 27-Jul-22 HUDCO General 27-Jul-22
ALLSEC Quarterly Results 27-Jul-22 IIFL Quarterly Results 27-Jul-22
APCOTEXIND Quarterly Results 27-Jul-22 JKLAKSHMI Quarterly Results 27-Jul-22
APLAPOLLO Quarterly Results 27-Jul-22 LATENTVIEW Quarterly Results 27-Jul-22
ASRL General 27-Jul-22 LAURUSLABS Quarterly Results 27-Jul-22
BAJFINANCE Quarterly Results 27-Jul-22 LKPSEC Quarterly Results 27-Jul-22
BANARBEADS Quarterly Results 27-Jul-22 LXCHEM Quarterly Results 27-Jul-22
BIGBLOC General;Quarterly Results 27-Jul-22 MAHLIFE General;Quarterly Results 27-Jul-22
BIOCON Quarterly Results 27-Jul-22 MARUTI Quarterly Results 27-Jul-22
BLUEDART Quarterly Results 27-Jul-22 MIDHANI Quarterly Results 27-Jul-22
CGPOWER Quarterly Results 27-Jul-22 MOLDTKPAC General;Quarterly Results 27-Jul-22
CLEAN Quarterly Results 27-Jul-22 PGINVIT General;Quarterly Results 27-Jul-22
COLPAL Quarterly Results 27-Jul-22 POONAWALLA Quarterly Results 27-Jul-22
COROMANDEL Quarterly Results 27-Jul-22 SADHNA General;Quarterly Results 27-Jul-22
DHAMPURSUG General;Quarterly Results 27-Jul-22 SCHAEFFLER Quarterly Results 27-Jul-22
DIXON Quarterly Results 27-Jul-22 SHIVACEM Quarterly Results 27-Jul-22
EIHOTEL Quarterly Results 27-Jul-22 SKFINDIA Quarterly Results 27-Jul-22
ELANTAS Quarterly Results 27-Jul-22 SUPER Quarterly Results 27-Jul-22
FILATEX Quarterly Results 27-Jul-22 TATAMOTORS Quarterly Results 27-Jul-22
FINOPB Quarterly Results 27-Jul-22 TEAMLEASE Quarterly Results 27-Jul-22
FLUOROCHEM Quarterly Results 27-Jul-22 THANGAMAYL Quarterly Results 27-Jul-22
GAIL Bonus issue;General 27-Jul-22 UBL Quarterly Results 27-Jul-22
GREENCREST Quarterly Results 27-Jul-22 VGUARD Quarterly Results 27-Jul-22
GUJTHEM Quarterly Results 27-Jul-22 WATERBASE General;Quarterly Results 27-Jul-22
HOMEFIRST Quarterly Results 27-Jul-22 WELSPUNIND Quarterly Results 27-Jul-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ABMKNO 27-Jul-22 Final Dividend – Rs. – 1.2500 AUBANK 28-Jul-22 Final Dividend – Rs. – 0.50
BEPL 27-Jul-22 Interim Dividend – Rs. – 1.00 AUTOAXLES 28-Jul-22 Final Dividend – Rs. – 15.00
DALMIASUG 27-Jul-22 Dividend – Rs. – 1.00 BAJAJELEC 28-Jul-22 Final Dividend – Rs. – 3.00
EPL 27-Jul-22 Final Dividend – Rs. – 2.1500 BENGALT 28-Jul-22 Final Dividend – Rs. – 1.00
GABRIEL 27-Jul-22 Final Dividend – Rs. – 1.00 DLINKINDIA 28-Jul-22 Final Dividend – Rs. – 3.00
HAWKINCOOK 27-Jul-22 Final Dividend – Rs. – 60.00 EMBASSY 28-Jul-22 Income Distribution RITES
HEROMOTOCO 27-Jul-22 Final Dividend – Rs. – 35.00 EMUDHRA 28-Jul-22 Final Dividend – Rs. – 1.2500
KALPATPOWR 27-Jul-22 Final Dividend – Rs. – 6.50 FAIRCHEMOR 28-Jul-22 Final Dividend – Rs. – 13.00
LAKSELEC 27-Jul-22 Final Dividend – Rs. – 15.00 FCL 28-Jul-22 Final Dividend – Rs. – 0.40
MENONBE 27-Jul-22 Interim Dividend – Rs. – 2.00 ICICIGI 28-Jul-22 Final Dividend – Rs. – 5.00
MRF 27-Jul-22 Final Dividend – Rs. – 144.00 ICRA 28-Jul-22 Dividend – Rs. – 28.00
NITTAGELA 27-Jul-22 Dividend – Rs. – 4.00 INDPRUD 28-Jul-22 Dividend – Rs. – 50.00
PRAJIND 27-Jul-22 Final Dividend – Rs. – 2.70 KANCOTEA 28-Jul-22 Dividend – Rs. – 1.00
PRAJIND 27-Jul-22 Special Dividend – Rs. – 1.50 KAYCEEI 28-Jul-22 Final Dividend – Rs. – 50.00
TCIEXP 27-Jul-22 Final Dividend – Rs. – 2.00 MUKANDLTD 28-Jul-22 Dividend – Rs. – 1.50
THANGAMAYL 27-Jul-22 Final Dividend – Rs. – 5.00 MUNJALSHOW 28-Jul-22 Dividend – Rs. – 4.50
UPL 27-Jul-22 Final Dividend – Rs. – 10.00 NESCO 28-Jul-22 Final Dividend – Rs. – 3.00
AKZOINDIA 28-Jul-22 Final Dividend – Rs. – 35.00 OSIAJEE 28-Jul-22 Interim Dividend – Rs. – 0.10
AMARAJABAT 28-Jul-22 Final Dividend – Rs. – 0.50 RKFORGE 28-Jul-22 Interim Dividend – Rs. – 0.50
ASALCBR 28-Jul-22 Final Dividend – Rs. – 1.00 ROSSELLIND 28-Jul-22 Dividend – Rs. – 0.30

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