Morning-Outlook-Feature-Image

NIFTY:

Nifty opened at 16105 with a gap up of 80 points. The index initially moved down, filled the gap, and then fall further to record its intraday low at  15903.70.Prices have consolidated for about one hour and eventually break on the upside. Prices have recovered all the losses that came in the morning and rallied further higher. The index kept on moving higher and recorded its intraday high at 16204.45. Prices have finally closed at 16170.15 wit h a gain of 144.35 points or 0.90%up.All the sectoral indices have closed higher except the FMCG which ended wit h a loss of 0.22%.The BANK and METAL outperformed today and ended with a gain of more than 2%.

The short-term trend is still sideways as the NIFTY remained inside the 15800 – 16400 range. The first sign of a breakout comes when the index closes above 16300. It will also suggest that a long trade is now possible. We should wait for closing above 16300 or below 16000 to initiate any kind of trade. Till then we should avoid trading the index.

BANK NIFTY:

Bank Nifty opened at 34670.60 with a gap up of 357 points. The index initially went down and then started consolidating around 34500. Prices have recorded its intraday low at 34424.75 and then rallied higher. Prices kept on moving up for the rest of the day, recorded its intraday high at 35222.05, and

finally closed at 35199.20 wit h a gain of 886 points. PSU BANKS have out performed today, saw a sharp intraday rally, and ended higher by 3.16%.PVT BANKS have also moved up today and closed higher by1.87%.Within the index, in terms of points, HDFC BANK contributed the highest on the upside followed by the ICICI BANK.

For today, we have suggested a trade to buy above 34800 or sell short below 34100.The index moved higher today and broke 34800 during the day. So we went long there. We have suggested a stop of 300 points and a target of 800 points for this trade. Prices did not touch either level so the trade is still intact. We are recommending traders to stay long with a stop at 34800 and a target at 35600.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
VEDL 313 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 310 and for the target of  320.
DEEPAKNTR 1843 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 1840 with a stop loss of 1860 and target of 1800.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
NAUKRI 3600 CE BUY 187 CMP 160 260 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI   Stocks Price Price% OI % OI
M&M.May 26 928.25 0.02 0.43 2638300 HAVELLS.May 26 1175.45 -4.41 17.05 590500
GAIL.May 26 151.6 0.03 7.29 7814100 UPL.May 26 746.65 -2.13 7.45 7386600
SIEMENS.May 26 2349.9 0.09 0.26 106700 POLYCAB.May 26 2402.6 -1.87 23.04 245100
MARUTI.May 26 7810.95 0.18 10.83 522900 ADANIENT.May 26 2050.5 -1.16 8.67 2863500
HINDPETRO.May 26 234.45 0.24 24.26 4536000 HINDUNILVR.May 26 2281 -0.79 46.27 2688600
                                                                        Short Covering                                                                       Long Unwinding
TATACHEM.May 26 921.75 0.02 -0.59 848000 CHAMBLFERT.May 26 346.3 -3.54 -34.06 772500
PETRONET.May 26 220.35 0.23 -1.23 3861000 DIVISLAB.May 26 3449.75 -2.46 -0.03 396000
ASTRAL.May 26 1657.15 0.35 -13.09 151525 IEX.May 26 181.3 -2.42 -1.43 12408750
NAVINFLUOR.May 26 3605 0.37 -48.06 42075 IDEA.May 26 8.6 -2.27 -3.77 2.98E+08
TATACONSUM.May 26 719.95 0.38 -10.89 1010475 IPCALAB.May 26 917.5 -2.17 -5.49 170550

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2280.2 -0.8 2299127 0 70.63 Nifty50 16170.15 0.9 78705
Power Grid Corporation o 227.2 1.05 10612841 0 69.1 Niftybank 35094.9 2.2 78705
Infosys Limited 1423.95 0.96 13040065 0 67.83 Nifty it 27932.55 1.33 78705
Indus Towers Limited 203.25 1.7 3159956 0 67.24 India Vix 22.72 -10.13 78705
Hcl Technologies Ltd. 980.7 0.64 4278059 0 65.53 Nifty Fmcg 37849.2 -0.22 78705
Kotak Mahindra Bank Limi 1908.65 0.06 4949829 0 65.13 Nifty Pharma 12557.5 0.11 78705
Marico Limited 530.15 1.6 1753281 0 63.76 Nifty Auto 11097.15 0.78 78708
Petronet Lng Limited 219.95 0.34 2327650 0 63.25 Nifty Metal 5214.75 2.67 78708
Titan Company Limited 2141.95 1.35 1382368 0 63.16 Nifty Cpse 2551.1 0.85 78708
Oracle Fin Serv Soft Ltd 3096.65 0.44 57140 0 63.02 Nifty Financial Services 16231.3 1.97 78708

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 27th May, 2022

INR: Deposit  and Bank Loan Growth on 27th May, 2022

•USD:  Personal Spending (MoM) (Apr) on 26th May 2022

NEWS UPDATES

  • Apparel manufacturer Page Industries Ltd on Thursday reported an increase of 64.86 per cent in net profit at Rs 190.52 crore for the fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 115.56 crore during the January-March period a year ago, Page Industries Ltd (PIL) said in a regulatory filing. Revenue from operations was up 26.15 per cent to Rs 1,111.11 crore during the quarter under review, as against Rs 880.76 crore in the year-ago period.

  • State-owned CIL on Thursday said it is planning to divest 25 per cent stake in its unlisted arm Bharat Coking Coal Ltd (BCCL) and will go for the subsequent listing of the subsidiary on stock exchanges after obtaining further clearances. A meeting of the board of directors to this effect was held on March 10, 2022, Coal India Ltd (CIL) said in a regulatory filing.

  • The country’s largest mortgage lender HDFC Ltd on Thursday said it has sold 10 per cent of its stake in HDFC Capital Advisors Ltd (HCAL) to Abu Dhabi Investment Authority for Rs 184 crore. With this, HCAL ceases to be a wholly-owned subsidiary of HDFC. In April, Housing Development Finance Corporation (HDFC) had entered into a share purchase agreement for sale of 2,35,019 equity shares of HCAL, representing 10 per cent of paid-up share capital, to a wholly-owned subsidiary of Abu Dhabi Investment Authority.

  • Ratings agency Moody’s on Thursday upgraded ratings of Bharti Airtel Ltd’s (Bharti) senior unsecured debt from “Ba1” to “Baa3” on basis of the telco’s continued strengthening of the company’s operational metrics and stabilisation of financial profile.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
3MINDIA A.G.M.;General;Audited Results 27-May-22 FAZE3Q Interim Dividend 27-May-22
AARTIIND Final Dividend;Audited Results 27-May-22 FCONSUMER Audited Results 27-May-22
AEGISLOG Audited Results;Final Dividend 27-May-22 FILATEX Audited Results;Final Dividend 27-May-22
AGSTRA Audited Results 27-May-22 FINEORG Audited Results;Final Dividend 27-May-22
AKZOINDIA Audited Results;Final Dividend 27-May-22 FORCEMOT Audited Results;Final Dividend 27-May-22
APARINDS Dividend;Quarterly Results 27-May-22 GICRE General;Dividend;Audited Results 27-May-22
ARVINDFASN Audited Results 27-May-22 GLENMARK Final Dividend;Audited Results 27-May-22
ASTRAL Final Dividend;Audited Results 27-May-22 GODREJIND Audited Results 27-May-22
ATULAUTO Audited Results 27-May-22 GRINFRA Audited Results;Quarterly Results 27-May-22
BALMLAWRIE Final Dividend;Audited Results 27-May-22 HERITGFOOD A.G.M.;Final Dividend;Results 27-May-22
BBOX Quarterly Results;Audited Results 27-May-22 HTMEDIA Dividend;Quarterly Results 27-May-22
BCLIL Final Dividend;Audited Results 27-May-22 HUDCO Audited Results;Final Dividend 27-May-22
BEML Audited Results;Final Dividend 27-May-22 HUIL Audited Results 27-May-22
BENGALASM Final Dividend;Audited Results 27-May-22 IBREALEST General;Audited Results 27-May-22
BHARATGEAR Audited Results 27-May-22 INDIACEM Dividend;Audited Results 27-May-22
BIRET General 27-May-22 INDIANHUME Audited Results 27-May-22
BODALCHEM Final Dividend;Audited Results 27-May-22 INOXWIND General;Audited Results 27-May-22
CAPACITE Audited Results 27-May-22 IONEXCHANG Audited Results;Dividend 27-May-22
CONFIPET Audited Results;Final Dividend 27-May-22 IRCON Audited Results;Final Dividend 27-May-22
CROMPTON Audited Results;Final Dividend 27-May-22 IWEL General;Audited Results 27-May-22
CUB Dividend;Audited Results 27-May-22 JAIBALAJI General;Audited Results 27-May-22
EDELWEISS Final Dividend;Audited Results 27-May-22 JINDALPOLY Dividend;Audited Results 27-May-22
EKC Final Dividend;Audited Results 27-May-22 JPPOWER Audited Results 27-May-22
ENGINERSIN Final Dividend;Audited Results 27-May-22 JSWSTEEL Audited Results;Final Dividend 27-May-22
ESABINDIA Audited Results;Final Dividend 27-May-22 JUBLINDS Audited Results 27-May-22
EVERESTIND Audited Results;Final Dividend 27-May-22 JUBLPHARMA Audited Results;Final Dividend 27-May-22
EXCELINDUS Audited Results;Final Dividend 27-May-22 KAMAHOLD Audited Results 27-May-22
Company Name Purpose Ex-Date Company Name Purpose Ex-Date
KGDENIM Audited Results 27-May-22 PSPPROJECT Quarterly Results;Final Dividend 27-May-22
KKALPANAIND A.G.M.;Results;Final Dividend 27-May-22 RAMAPHO A.G.M.;Final Dividend; Results 27-May-22
KOPRAN Final Dividend;Audited Results 27-May-22 RCF Final Dividend;Audited Results 27-May-22
KOVAI Audited Results 27-May-22 RSWM Dividend;Right Issues;Pref. Issue ;Results 27-May-22
KRBL Audited Results;Final Dividend 27-May-22 RUCHISOYA Dividend;Quarterly Results;Results 27-May-22
KTKBANK Final Dividend;Audited Results 27-May-22 SADBHIN General;Audited Results 27-May-22
LEMONTREE General;Audited Results 27-May-22 SHARDA Dividend;Audited Results 27-May-22
MAHSEAMLES Dividend;Audited Results 27-May-22 SUMICHEM Audited Results;Final Dividend 27-May-22
MANAKSTELTD Audited Results 27-May-22 SUNTV Audited Results 27-May-22
MANINDS Audited Results 27-May-22 TAKE Quarterly Results;Audited Results 27-May-22
MUNJALAU A.G.M.;Final Dividend;Audited Results 27-May-22 TCIEXP Buy Back;Audited Results;Final Dividend 27-May-22
NAUKRI Final Dividend;Audited Results 27-May-22 TCNSBRANDS Audited Results 27-May-22
NIPPOBATRY Dividend;Audited Results 27-May-22 TIIL Audited Results 27-May-22
NYKAA Audited Results 27-May-22 TIMKEN Quarterly Results 27-May-22
OIL Final Dividend;Audited Results 27-May-22 UNITDSPR Audited Results 27-May-22
PFOCUS Final Dividend;Audited Results 27-May-22 VENUSREM Audited Results 27-May-22
POLICYBZR Audited Results;Quarterly Results 27-May-22 VRLLOG Audited Results;Quarterly Results 27-May-22
POWERINDIA Audited Results;Final Dividend 27-May-22 WABAG Audited Results 27-May-22
PRECWIRE Final Dividend;Audited Results 27-May-22 WELCORP Dividend;Audited Results 27-May-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GUJCMDS 27-May-22 Stock  Split From Rs.10/- to Rs.1/- SAWABUSI 27-May-22 Stock  Split From Rs.10/- to Rs.1/-
MANAPPURAM 27-May-22 Interim Dividend – Rs. – 0.7500 SOLARINDS 27-May-22 Final Dividend – Rs. – 7.5000
SAWABUSI 27-May-22 Bonus issue 10:100 JSWENERGY 30-May-22 Dividend – Rs. – 2.0000

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