Morning-outlook-27 sept


The NIFTY opened at 17156.30 with a big gap down of 171 points. Prices moved down but quickly turned up then again moved down after recording its intraday high at 17196.40. Prices have seen a sharp decline, breaking down at 17000 and then rising after recording its intraday low at 16978.30. A strong rally brought prices near its opening tick but could not sustain there. The index moved down again in the last hour of trading and finally closed at 17016.30 near its day low with a loss of 311.05 points or 1.8% down. All the sectoral indices have contributed to the downside and closed lower EXCEPT IT which ended with a gain of 0.57%. METAL, AUTO, and OILGAS led the bear’s today and closed with more than a 3% loss. The NIFTY continued last week’s bearish momentum and closed lower for the fourth consecutive trading day. The index has seen a down move of more than 800 points in these four days. The volatility again rose today exceptionally. The INDIA VIX is now moving around 22 suggesting volatility is very high which is unfavourable for the bulls. The short-term trend is down. Support around 17200 has broken down and now the index is moving near its strong support zone inside 16800 -17000. Previous support at 17200 should now act as resistance.


The BANK NIFTY opened at 39027.85 with a big gap down of 528 points. The index moved further on the downside after recording its intraday high at 39229.40. A sharp decline brought the index below 38500 and prices have recorded its intraday low at 38492.20. The index then bounced up sharply and then again moved down and finally closed at 38661.45 with a loss of 894 points. PVT and PSU BANKS both indices have performed almost the same today, saw a sharp decline, and closed lower by 2.62% & 3.69% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the downside followed by ICICI BANK. BANK NIFTY continued moving lower for the fourth consecutive trading day and closed with a big loss of over 2%. It was a volatile day today where prices have seen sharp intraday moves in both directions after opening with a down gap. The short-term trend is down. The index has seen a decline of more than 3000 points in the last four trading days. After such a sharp move, prices tend to consolidate and move sideways. We should wait for this decline to be stopped and then form some kind of consolidation. As of now, we should avoid trading the index and wait for an adequate setup to emerge.



MARUTI 8834.95 SELL The stock has given the breakdown on the intraday as well as the daily chart. The stock can be sold at CMP with a stop loss of 8980.75 and for the target of 8613.60.
INFY 1380.25 BUY The stock is on the verge of giving the reversal on the intraday as well as the daily chart. The stock can be bought at 1389.35 with a stop loss of 1371.90 and for the target of 1415.10.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ADANI ENT (27 OCT) 3400 (PE) BUY 175 CMP 110 300 BREAK DOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ASIANPAINT.22.09 Sep 3440 1.06 0.32 4908600 TATACHEM.22.09 Sep 1055.75 -6.84 1.95 6840000
CIPLA.22.09 Sep 1064.8 0.19 14.04 8754850 ADANIPORTS.22.09 Sep 857.3 -6.32 3.37 63172500
MARUTI.22.09 Sep 8802.3 -5.73 8.37 3898100
BHEL.22.09 Sep 54.9 -5.51 12.27 111426000
TORNTPOWER.22.09 Sep 496 -5.03 3.56 3886500
                                                                        Short Covering                                                                       Long Unwinding
METROPOLIS.22.09 Sep 1505.25 3.27 -16.46 671700 RBLBANK.22.09 Sep 112.25 -8.7 -27.74 34360000
LALPATHLAB.22.09 Sep 2570.75 2.95 -6.67 1014000 INDIACEM.22.09 Sep 233.5 -8.05 -8.28 8705800
IPCALAB.22.09 Sep 893.3 2.02 -20.14 912600 CANFINHOME.22.09 Sep 477 -7.73 -4.27 3235050
IDEA.22.09 Sep 9.05 1.69 -8.8 503230000 AMBUJACEM.22.09 Sep 500 -7.48 -6.72 37270800
HCLTECH.22.09 Sep 909 1.47 -2.92 16079700 M&MFIN.22.09 Sep 181 -7.25 -20.13 16856000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2315 -1.63 2679587 0 72.27 Nifty50 17016.3 -1.8 72288
Abbott India Limited 17586.2 -1.5 35902 0 70.58 Niftybank 38616.25 -2.35 72288
Icici Lombard General In 1145.6 -2.87 988714 0 68.7 Nifty it 26743.65 0.57 72288
Icici Bank Ltd. 861 -2.41 14203165 0 66.76 India Vix 21.89 6.33 72288
Grasim Ind Ltd. 1665.45 -1.88 780822 0 64.51 Nifty Fmcg 43937.4 -2.04 72288
Larsen & Toubro Limited 1851.45 -0.29 1528674 0 64.2 Nifty Pharma 12475.5 -1.07 72288
Hindustan Unilever Ltd 2668.9 -0.49 2678447 0 63.45 Nifty Realty 418.2 -4.25 72288
Itc Ltd. 332.5 -4.01 16197422 0 62.82 Nifty Auto 12594.35 -3.81 72288
Axis Bank Limited 742.6 -3.38 11089833 0 62.59 Nifty Metal 5778.25 -4.13 72288
Indian Oil Corp. Ltd. 66.05 -2.08 19185165 0 62.46 Nifty Financial Services 17565.3 -2.13 72288


   Domestic                                                                                                                                                  International
INR: Interest Rate Decision on 30th September, 2022

INR: RBI MPC Meeting Minutes on 30th September, 2022

 USD: Core Durable Goods Orders (MoM) (Aug) on 27th September, 2022

USD: New Home Sales (Aug) on 27th September, 2022


  • Indian benchmark indices ended lower for the fourth consecutive session on September 26 with Nifty closing near 17,000 amid selling across the sectors barring IT. At Close, the Sensex was down 953.70 points or 1.64% at 57,145.22, and the Nifty was down 311 points or 1.79% at 17,016.30. About 630 shares have advanced, 2860 shares declined, and 120 shares are unchanged.
  • Harsha Engineers listed at Rs 444 on BSE, a premium of 34.5% over IPO price of Rs 330. On NSE, it listed at Rs 450, 36.36% premium, and closed +47% up at 486.
  • The Indian rupee resumed its slide to hit another record low against the U.S. dollar. The currency opened at 81.54 against the greenback, falling as much as 0.7% compared to Friday’s close of 80.99.
  • India Will Emerge A Relative Winner From Current Global Situation. There is interest towards Indian businesses post-pandemic with investors and CEOs curious “to understand whether this time is India’s time”, according to JPMorgan’s Leo Puri.
  • The Reserve Bank of India’s monetary policy committee will meet later this week at a time of great global turmoil and uncertainty. A 50 basis points rate hike seems to be the most likely outcome of the meeting.
Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
DDIL General;Stock  Split 27-Sep-22 GOACARBON Right Issue of Equity Shares;General 29-Sep-22
DESHRAK General 27-Sep-22 INDINFR General 29-Sep-22
DHANFAB General 27-Sep-22 JAINCO General 29-Sep-22
GPTINFRA Bonus issue 27-Sep-22 KAARYAFSL General 29-Sep-22
IFCI Preferential Issue of shares 27-Sep-22 MPL General 29-Sep-22
LANCER General 27-Sep-22 HERITGFOOD Right Issue of Equity Shares;General 30-Sep-22
MERCTRD General 27-Sep-22 INTETHR A.G.M. 30-Sep-22
MODCL General 27-Sep-22 MDRNSTL Quarterly Results 30-Sep-22
MUTHTFN General 27-Sep-22 NAYSAA A.G.M. 30-Sep-22
OCEANIC General;Quarterly Results 27-Sep-22 SAGARSOFT Quarterly Results 30-Sep-22
VALECHAENG Audited Results 27-Sep-22 SCANPRO A.G.M. 30-Sep-22
CHITRTX General 28-Sep-22 SARDAPPR General;Preferential Issue of shares 03-Oct-22
GAL Rights Issue 28-Sep-22 MEFCOMCAP Stock  Split 10-Oct-22
GUJINV General 28-Sep-22 SUPREMEINF Quarterly Results 11-Oct-22
ITI Preferential Issue of shares 28-Sep-22 INFY Audited Results;Interim Dividend;Quarterly Results 13-Oct-22
KINGSINFR General 28-Sep-22 BAJAJ-AUTO* Quarterly Results 14-Oct-22
PHYTO General 28-Sep-22 HDFCBANK Quarterly Results 15-Oct-22
ROLTA Audited Results 28-Sep-22 PERSISTENT General;Quarterly Results 19-Oct-22
THOMASCOOK Dividend on Preference Shares 28-Sep-22 ICICIBANK Quarterly Results 22-Oct-22
ANJANIFOODS Stock  Split 29-Sep-22 TTKPRESTIG Quarterly Results 04-Nov-22
BSELINFRA General 29-Sep-22 ABB Quarterly Results 11-Nov-22


Company Name Ex-Date Purpose
BHARATGEAR 27-Sep-22 Bonus issue 1:2
EXCEL 28-Sep-22 Bonus issue 1:2
EXCEL 28-Sep-22 Stock  Split From Rs.10/- to Rs.1/-
PONDYOXIDE 28-Sep-22 Bonus issue 1:1
RAMRAT 28-Sep-22 Bonus issue 1:1
WESTLEIRES 28-Sep-22 Dividend – Rs. – 0.1000
ALFAVIO 29-Sep-22 Dividend – Rs. – 0.0500
THAMBBI 29-Sep-22 E.G.M.
MAXIMUS 30-Sep-22 Stock  Split From Rs.10/- to Rs.1/-
LEHAR 04-Oct-22 E.G.M.
ACCELYA 06-Oct-22 Final Dividend – Rs. – 45.0000
SPAL 06-Oct-22 Buy Back of Shares
RUCHIRA 07-Oct-22 Bonus issue 1:10
JAICORPLTD 20-Oct-22 Dividend – Rs. – 0.5000
PGHH 04-Nov-22 Final Dividend – Rs. – 65.0000
GILLETTE 10-Nov-22 Final Dividend – Rs. – 36.0000
PGHL 15-Nov-22 Final Dividend – Rs. – 11.5000

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