Morning-Outlook-Feature-Image
Morning-Outlook-28-dec

NIFTY:

NIFTY opened at 16937.75 with a gap down of 66 points. The index moved further on the downside for the first 10 minutes of trading and recorded its intraday low at 16833.20. Prices have found support there and bounced up. The index quickly erased all the loss that came in the morning and then moved further on the upside to record its intraday high at 17112.05. The index finally closed at 17086.25 near its intraday high with a gain of 82.50 points or 0.49% up. The PHARMA outperformed today, led the bulls, and closed with a gain of  1.62%followed by the FINANCIAL ended with0.90% up. MEDIA underperformed today while METAL and FMCG ended without much of a change.

We are expecting that prices may take a pause again around that zone if it keeps on moving higher in the next few trading days. Support is visible around 16800. So, we now have a trading zone inside 16800 – 17200 levels. As longas prices remain inside this range the short-term trend will be sideways and as a trader, our task should be to take intraday trade near the extremes. That means buying should be down on a dip towards 16800 and short selling should be done on a rally towards 17200.

BANK NIFTY:

BANK NIFTY opened at 34573.65 with a gap down of 291points.The index falls further and recorded its intraday low at 34233 within the first 10 minutes of trading. Prices then bounced up, filled the gap completely and moved further on the upside to record its intraday high at 35143.70. The index finally closed at 35099.35 with a gain of 235 points. PVT and PSU BANKS both have performed same today, saw a minor rally and ended with a gain of 0.34% & 0.21% respectively. Within the index, in terms  of points, ICICI BANK contributed the highest while RBL BANK contributed the lowest.

The index again came close to its resistance at 35500 while a support is visible around 34000.We now have to again wait and see that how for prices are behaving around 35500 resistances. We will plan our trade accordingly. As of now we should avoid trading the index.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
RBLBANK 140 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 139 with a stop loss of 144 and for the target of 132.
AARTIIND 968 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 970 with a stop loss of 955 and target  of 985.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
GRANULES 340 CE BUY 5.25 CMP 2 10 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GRANULES.Dec 30 342.45 3.91 -4.04 12043500 RBLBANK.Dec 30 141.65 -18.17 16.77 31378000
LAURUSLABS.Dec 30 521.15 3.66 -8.01 2686500 ZEEL.Dec 30 316.95 -4.66 2.58 71529000
GLENMARK.Dec 30 510.3 2.92 -2.02 8629600 UBL.Dec 30 1518.8 -2.95 8.11 1274350
INDIACEM.Dec 30 189.6 2.71 -3.68 8357800 IDEA.Dec 30 13.5 -1.82 0.44 4.93E+08
LICHSGFIN.Dec 30 365.3 2.64 -8.49 10132000 AUBANK.Dec 30 1012.75 -1.36 2.84 3148000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SHREECEM.Dec 30 26280.05 0.04 -5.71 138250 GRANULES.Dec 30 342.45 3.91 -4.04 12043500
ASHOKLEY.Dec 30 123.2 0.16 -5.44 29398500 LAURUSLABS.Dec 30 521.15 3.66 -8.01 2686500
PERSISTENT.Dec 30 4638 0.16 -1.7 397950 GLENMARK.Dec 30 510.3 2.92 -2.02 8629600
PETRONET.Dec 30 216.85 0.3 -14.45 12153000 INDIACEM.Dec 30 189.6 2.71 -3.68 8357800
IRCTC.Dec 30 840.65 0.3 -2.95 7003750 LICHSGFIN.Dec 30 365.3 2.64 -8.49 10132000

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Gujarat State Petronet l 291.8 -0.31 442484 0 66.82 Nifty 50 17086.25 0.49 89862
Whirlpool 1734.7 -1.05 97055 0 66.63 Nifty Bank 35057.9 0.58 89865
Sun Pharma  Ltd 794.1 1.11 3598487 0 65.81 Nifty it 37988.5 0.69 89865
Piind 2891.5 -0.39 180928 0 62.83 Nifty Auto 10641.65 0.2 89868
The Ramco Cements 981.65 -0.95 57827 0 62.75 Nifty Metal 5489.45 -0.06 89868
Cadila Healthcare Ltd. 458.25 1.09 2454563 0 61.07 India Vix 17.12 6.01 89865
Oracle Fin Serv Soft Ltd 3920.65 0.38 129840 0 59.93 Nifty Energy 22561.45 -0.12 89865
Bharat Petroleum Ltd 374.4 0.6 2316330 0 59.59 Nifty Fmcg 36883.4 -0.08 89865
Alkem 3475.45 0.42 48474 0 58.42 Nifty Pharma 13710.15 1.62 89868
Escorts India Ltd. 1866.4 0.35 491207 0 58.4 Nifty Realty 479.6 0.48 89868

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

  • HDFC Bank has tied up with India Post Payments Bank (IPPB) to offer its banking services to the unbanked and underserved segments in semi-urban and rural areas. A memorandum of understanding was signed between HDFC Bank and IPPB to cater to the majority of over 4.7 crore customer base of IPPB. About 90 per cent of IPPB customers reside in rural areas, which may benefit from this tie-up.

  • Vedanta Ltd on Monday said a committee of directors has approved raising up to Rs 1,000 crore through non-convertible debentures (NCDs) on private placement basis. The meeting was held on Monday, Vedanta said in a filing to BSE. “The duly authorised committee of directors at its meeting …considered and approved offering for subscription, on a private placement basis, up to 10,000 nos secured, rated, listed, redeemable, NCDs….aggregating up to Rs 1,000 crore,” the filing said.

  • Oil India Ltd, the nation’s second-largest state-owned oil explorer, is setting up a plant to manufacture green hydrogen at its Jorhat oilfield in Assam. “To strengthen its bouquet of clean energy offerings”, the company has initiated action for setting up a 100 kW green hydrogen plant at its Pump station-3 in Jorhat, it said.

  • HFCL Ltd on Monday said it has received approval as a ‘Trusted Source’ from National Security Council Secretariat (NSCS). With this nod, HFCL has become the ‘Trusted Source’ for all Indian telecom service providers (TSPs) for sourcing their active network products and infrastructure, and is among few companies to have received the ‘trusted sources’ approval in the country.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADVIKCA Increase in Authorised Cap.;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
GRNLAMIND General 28-Dec-21 PBAINFRA General 29-Dec-21
GROWINGTON Issue Of Warrants;General 28-Dec-21 XTGLOBAL Preferential Issue of shares;General 29-Dec-21
GVKPIL Audited Results 28-Dec-21 AGOL General 30-Dec-21
MAZDOCK Interim Dividend 28-Dec-21 MDRNSTL Quarterly Results 30-Dec-21
NATCAPSUQ Rights Issue 28-Dec-21 PETPLST Quarterly Results 30-Dec-21
PANORAMA General 28-Dec-21 PRISMMEDI General 30-Dec-21
RIR General 28-Dec-21 VENUSREM General 30-Dec-21
BLUECLOUDS Issue Of Warrants;General 29-Dec-21 CENLUB General 31-Dec-21
INDOSOLAR Audited Results;Quarterly Results 29-Dec-21 CONTPTR General 31-Dec-21
INDSILHYD Dividend on Preference Shares 29-Dec-21 PATELSAI General 31-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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