Morning-Outlook-Feature-Image

Morning-outlook-27june

NIFTY:

Nifty 15657.40 with a gap up of 101 points. The index continued moving higher for the first 15 minutes of trading and rallied further to record its intraday high at 16749.25. Prices turned down and headed towards yesterday’s closing price to fill the gap. However, the index found support in between and again bounced up after recording its intraday low at 15619.45. Prices have seen an up move in the second half and then consolidated for the last half hour of trading. The index finally closed at 15699.25 with a gain of 142.60 points or 0.92% up. All the sectoral indices have closed higher today except the IT which ended 0.89% lower. BANK, FINANCIAL, AUTO, OIL GAS, and METAL led the way today on the higher side and ended with a gain of more than 1%.

Strong resistance may emerge inside 15800 – 16000 zones while a short-term resistance is now visible around 15700.The index is now trading almost at this level. We are expecting a process of consolidation here. We should step aside and avoid trading the index. We should wait for prices to suggest to us any adequate setup to trade.

BANK NIFTY:

Bank Nifty 33434.80 With a gap up of 263 points. The index continued its bullish momentum and moved further on the upside. Prices have recorded its intraday low at 33390.85 a few ticks below the opening price and then consolidated in a tight narrow range. Prices then moved up, recorded its intraday high at 33721.90, and finally closed at 33654.20 with a gain of 485 points. PVT and PSU BANKS both have performed almost the same today, saw an upside move, and ended with a gain of 1.75% & 1.98% respectively. Within the index, in terms of points, ICIC IBANK contributed the highest on the upside followed by HDFC BANK.

The short-term trend is sideways as the index is in a process of correction after a sharp decline. As mentioned yesterday, “A recent swing low around 32300 should act as a support while strong resistance is visible around 34500.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
ADANIENT 2161 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 2140 and for the target of  2200.
DLF 315.80 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 315 with a stop loss of 319 and target of 310.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TCS 3250 PE BUY 19.70 CMP 5 50 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
APOLLOTYRE.22.06 Jun 174.9 0.03 1.54 13367500 HINDCOPPER.22.06 Jun 82.95 -8.75 8.71 11863700
TCS.22.06 Jun 3221.95 0.19 4.15 10297200 HINDALCO.22.06 Jun 317 -6.54 2.26 45043575
PETRONET.22.06 Jun 207.55 0.29 1.95 16011000 UPL.22.06 Jun 613.5 -6.21 1.24 18441800
PVR.22.06 Jun 1796.15 0.54 3.72 2066746 VEDL.22.06 Jun 222.5 -6.1 1.32 56249500
IGL.22.06 Jun 357.5 0.65 0.29 9670375 JINDALSTEL.22.06 Jun 307.85 -5.9 0.75 34085000
                                                                        Short Covering                                                                       Long Unwinding
LICHSGFIN.22.06 Jun 307.45 0.03 -0.13 19660000 RBLBANK.22.06 Jun 85.95 1.96 -3.03 39408100
GODREJCP.22.06 Jun 763.9 0.03 -1.12 7588000 BSOFT.22.06 Jun 342.3 1.69 -10.07 2648100
WHIRLPOOL.22.06 Jun 1459.3 0.09 -2.74 542000 BPCL.22.06 Jun 305.75 1.22 -1.27 14263200
HONAUT.22.06 Jun 33311.6 0.12 -2.27 13590 TATACOMM.22.06 Jun 894.65 0.85 -1.45 3151600
SYNGENE.22.06 Jun 556.35 0.14 -0.67 878900 IDEA.22.06 Jun 8.55 0.59 -5.44 5.57E+08

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dalmia Bharat Limited 1246.95 -0.89 143132 24071 78.56 Nifty50 15413.3 -1.44 24940369
Gujarat State Petronet l 214.05 -2.06 595416 335872 76.9 Niftybank 32845.3 -1.04 11716020
Mah & Mah Ltd. 983.8 -1.42 2629024 1305193 76.41 Nifty it 27488.35 -1.16 1241142
United Breweries Limited 1476.55 -0.56 899550 466604 70.59 India Vix 21.3 0.76 1.81E+08
Ntpc Limited 137.65 -1.64 8317317 2947205 69.35 Nifty Fmcg 36963.3 -0.95 421789
Hdfc Ltd. 2159.25 -0.71 2951514 2011012 69.17 Nifty Pharma 11939.05 -1.32 32131105
Eicher Motors Ltd 2662.75 -1.48 273509 96670 69.01 Nifty Realty 375.9 -2.19 1.02E+09
Infosys Limited 1437.25 -0.87 6253366 3610368 67.38 Nifty Auto 10881.4 -0.85 35349487
Crompton Greaves Consume 325.6 0.05 1102416 595269 64.87 Nifty Metal 4490.75 -4.87 84296830
Trent Limited 1020.8 -2.8 673346 282097 63.35 Nifty Financial Services 15271.45 -1.07 2847386

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  Federal Fiscal Deficit (May) on 30thJune, 2022 •USD:  Pending Home Sales (MoM) (May) on 27th June, 2022

•USD:  Core Durable Goods Orders (MoM) (May)  on 27th June, 2022

NEWS UPDATES

  • Diversified Raymond aims to be a net debt-free company in the next three years and is focused on liquidity management through cost reduction initiatives and working capital optimisation, according to the latest annual report of the company. For the financial year ended March 31, 2022 Raymond’s net debt has been reduced to Rs 1,088 crore. It was Rs 1,416 crore in FY21 and Rs 1,859 crore in FY20.
  • Dr Reddy’s Laboratories is now aiming to be among the top five pharma players in the domestic market by focusing on the chronic therapy segment. The US would continue to remain an important geography, but the firm says it hopes to double its revenues from China and grow revenues five-fold in Brazil in the next five years.
  • An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis. Sandeep Kumar Gupta, director of finance at Indian Oil, also said at an industrial seminar he expects economic damage from the Russia-Ukraine conflict to contribute to a significant global growth slowdown in 2022.
  • Soft commodity prices slumped back to pre-Ukraine conflict levels after an intense first half of 2022 dominated by the supply turmoil and inflationary shocks unleashed by Russia’s attack on Ukraine. Crop items such as wheat is down 26.4 per cent, corn lower by 14.5 per cent, and sugar by 9.4 per cent. Cotton futures hit a 3-month low on demand concerns. While raw sugar hit a 6-week low on recession fears.
Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ANSINDUS General 25-Jun-22 BFUTILITIE Audited Results 28-Jun-22
CELLA General 25-Jun-22 CANOPYFIN Preferential Issue of shares 28-Jun-22
SHAMROIN A.G.M.;General 25-Jun-22 CHEMCON A.G.M.;General 28-Jun-22
TCMLMTD General 25-Jun-22 HAL Final Dividend 28-Jun-22
BAJAJ-AUTO Buy Back of Shares 27-Jun-22 J&KBANK General 28-Jun-22
CCCL Audited Results 27-Jun-22 KERALAYUR General 28-Jun-22
CSURGSU General 27-Jun-22 QUINTEGRA A.G.M. 28-Jun-22
EASTSUGIND Audited Results;Quarterly Results 27-Jun-22 ROUTE Buy Back of Shares 28-Jun-22
INDIANCARD Interim Dividend;General 27-Jun-22 SALSTEEL A.G.M.;General 28-Jun-22
RPEL A.G.M. 27-Jun-22 SHAHALLOYS A.G.M.;General 28-Jun-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
INDOSOLAR 27-Jun-22 Resolution Plan -Suspension BAJAJFINSV 30-Jun-22 Dividend – Rs. – 4.0000
SALASAR 27-Jun-22 Stock  Split From Rs.10/- to Rs.1/- BAJAJHLDNG 30-Jun-22 Final Dividend – Rs. – 25.0000
TRANWAY 27-Jun-22 E.G.M. BAJFINANCE 30-Jun-22 Dividend – Rs. – 20.0000
KACHCHH 28-Jun-22 E.G.M. BIOCON 30-Jun-22 Final Dividend – Rs. – 0.5000
SKFINDIA 28-Jun-22 Dividend – Rs. – 14.5000 EKI 30-Jun-22 Bonus issue 3:1
WHIRLPOOL 28-Jun-22 Final Dividend – Rs. – 5.0000 ESCORTS 30-Jun-22 Dividend – Rs. – 7.0000
SONACOMS 29-Jun-22 Final Dividend – Rs. – 0.7700 GANDHITUBE 30-Jun-22 Final Dividend – Rs. – 10.0000
TATASTLLP 29-Jun-22 Dividend – Rs. – 12.5000 IOC 30-Jun-22 Bonus issue 1:2
VAIBHAVGBL 29-Jun-22 Final Dividend – Rs. – 1.5000 LTI 30-Jun-22 Dividend – Rs. – 30.0000
AAL 30-Jun-22 Final Dividend – Rs. – 1.5000 MAHSCOOTER 30-Jun-22 Final Dividend – Rs. – 80.0000
BAJAJ-AUTO 30-Jun-22 Dividend – Rs. – 140.0000 NAM-INDIA 30-Jun-22 Final Dividend – Rs. – 7.5000

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