Morning Outlook 28th December, 2021

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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