Morning-Outlook-Feature-Image

NIFTY:

Today, the NIFTY opened at 16475.35 without much of a gap. The index initially moved down but soon finds support around 16450 and bounced up sharply. Prices recorded their intraday low at 16438.75 within the first 30 minutes of trading and then takes a U-turn. The rally continued for the whole day with minor dips in between. The index broke above 16600 and rallied further to record its intraday high at 16653.45. Prices have finally closed at 16641.80   with a gain of 157.95 points 0.96% up. All the sectoral indices have seen an upside move today and closed higher. PHARMA and MEDIA outperformed today by ending more than 2% higher. BANK IT and REALTY also did well today and ended with a gain of over 1%. The short-term trend is up. We have seen a sharp upside move from 15900 to 16750, a rally of about 850 points. After such a sharp move, prices tend to consolidate. This is what happened in the NIFTY also. Prices have been moving sideways for the last six trading days and locked themselves inside a narrow range of 16450 – 16700. As far as prices are moving between these levels, we should step aside and avoid trading the index.

BANK NIFTY:

Today, the BANK NIFTY opened at 36370.55 without much of a gap. The index initially went lower but soon finds Support. Prices have recorded their intraday low at 36248.60 and bounced up sharp. The rally continued for the whole day and the index recorded its intraday high at 36808.30.prices have finally closed at 36795.40 with a gain of 446 points. PSU BANKS have performed well today and closed higher by 2.01%. PVT BANKS have also moved up today and ended with a gain of 0.89%, within the index, in terms of points, SB contributed the highest on the upside while KOTAK BANK contributed the lowest. It was again trend day today but, on the upside, where prices have recorded their intraday low near the opening tick and intraday high near the closing tick. The index moved sharply in the first half while the second half moved sideways. The short-term trend is up. A narrow trading range is now visible on the daily time frame chart inside 35900 – 37000. The range is yet to be confirmed but a breakout on either side may give us a directional move. As of now, we should step aside and avoid trading the index.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE
KOATAK BANK FUT 1757.55 BUY Stock corrected after a sharp up rally, now price reversing from golden ration of Fibonacci, one should buy @ CMP with keeping SL 1733 for the target of 1792
M&M FUT 1134 SELL Stock showing weakness after a sharp rally at upper levels; one should short @ CMP with keeping SL of 1146.35 for the target of 1116.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
KOTAK BANK (CE) 1800 BUY 36.10 CMP 30 47 REVERSAL
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
LAURUSLABS.22.07 Jul 517 6.61 0.38 3080700 MCDOWELL-N.22.07 Jul 792.45 -7.01 8.27 5385625
COROMANDEL.2207Jul 1068 6.34 19.77 644700 TATAPOWER.22.07 Jul 218.6 -3.55 7.07 44091000
GNFC.22.07 Jul 697.35 5.52 11.73 1833000 GNFC.22.07 Jul 646.8 -2.13 11.73 1833000
LALPATHLAB.22.07 Jul 2182.1 5.03 2.09 451250 TVSMOTOR.22.07 Jul 848.05 -1.97 22.64 6864200
GSPL.22.07 Jul 232 4.72 3 1972500 SRTRANSFIN.22.07 Jul 1455.5 -1.89 16.37 2170800
                                                                        Short Covering                                                                       Long Unwinding
GLENMARK.22.07 Jul 377.65 4.32 -12.54 2406950 M&MFIN.22.07 Jul 199 -3.96 -11.5 10956000
COFORGE.22.07 Jul 3775.8 3.84 -27.68 249600 UBL.22.07 Jul 1634.75 -2.12 -22.85 430800
NAM-INDIA.22.07 Jul 286.4 3.56 -25.08 1084800 NBCC.22.07 Jul 33.6 -1.47 -16.08 8535000
MANAPURAM2207Jul 94.1 3.01 -1.26 11298000 IDEA.22.07 Jul 8.75 -1.13 -5.1 3.58E+08
AMARAJABAT22.07 Jul 479 2.94 -4.86 2425000 BHARTIARTL.22.07 Jul 675.65 -1.12 -5.35 18536400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Life Insurance Comp 521.25 -0.25 8672870 0 79.09 Nifty50 16641.8 0.96 97809
Gmr Infrastructure Limit 35.5 1.14 6682240 0 71.08 Niftybank 36783.75 1.03 97755
Crompton Greaves Consume 380.85 1.06 2002943 0 70.39 Nifty it 27878.8 1.68 97755
Siemens Ltd 2690.3 0.51 418278 0 65.98 India Vix 18.13 -0.22 103566
Sbi Life Insurance Compa 1149.35 0.98 1554002 0 65.27 Nifty Fmcg 42036.3 0.57 97755
Nestleind 18541.9 0.18 44973 0 64.16 Nifty Pharma 12628.95 2.33 97755
Muthootfin 1020.9 -0.56 905272 0 64.02 Nifty Realty 437.75 1.07 97755
Hdfc Ltd. 2313.35 0.91 1103714 0 64.01 Nifty Auto 12326.35 0.41 97755
Ambuja Cements Ltd 370.85 0.24 2093379 0 63.76 Nifty Metal 5193.65 0.78 97755
Icici Lombard General In 1188.35 2.71 439202 0 62.92 Nifty Financial Services 16880.3 0.87 97755

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  InternationalINR:  Nikkei S&P Global Manufacturing PMI (Jul) on 1st August, 2022

•USD:  GDP (QoQ) (Q2) on 28th July, 2022

•USD:  Initial Jobless Claims on 28th July, 2022

NEWS UPDATES

  • Bajaj Finance on Wednesday reported 159% jump in consolidated net profit at Rs 2,596 crore for the quarter ending June 30, 2022. It reported consolidated net profit of Rs 1,002 crore in the year-ago period. The company’s assets under management grew by 28% to Rs 2.04 trillion as of June 30, 2022.

 

  • To help achieve the Centre’s target of having 100 million tonnes (MT) of coal gasification capacity in the country by 2030, five public sector undertakings (PSU) will set up manufacturing units, senior officials said. National miner Coal India (CIL), manufacturing major BHEL, GAIL, Indian Oil Corporation (IOCL), and Neyveli Lignite Corporation (NLC) will set up five manufacturing units for coal gasification.

 

  • Bharat Forge subsidiary BF Infrastructure has partnered with Talgo for manufacturing high speed trains in India. Talgo is a wholly owned subsidiary of Spain-based high speed passenger train manufacturer Patentes Talgo. The company has more than 75 years’ experience in design, manufacturing and maintenance of trains. The joint venture will focus on bringing high-speed rail technology and solution to Indian Railways. It will tap into any upcoming domestic opportunities in the railways and boost India’s atmanirbhar vision.

 

  • Telecom market leader Reliance Jio’s estimated spends after Day 1 of India’s ongoing 5G spectrum sale is already pegged upwards of Rs 80,000 crore as it’s likely to have bought pricey airwaves in the 700 MHz band, pan-India, in addition to mid-band (3.3-3.67 GHz) and high-band (26 GHz) airwaves, analysts said.

 

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADFFOODS Quarterly Results 28-Jul-22 MRPL Quarterly Results 28-Jul-22
AJANTPHARM Quarterly Results 28-Jul-22 NACLIND Quarterly Results 28-Jul-22
APARINDS Quarterly Results 28-Jul-22 NAM-INDIA Quarterly Results 28-Jul-22
AURUM Quarterly Results 28-Jul-22 NESTLEIND Quarterly Results 28-Jul-22
BAJAJFINSV Bonus issue;Stock  Split;Results 28-Jul-22 NIITLTD Quarterly Results 28-Jul-22
BAJAJHLDNG Quarterly Results 28-Jul-22 NOCIL Quarterly Results 28-Jul-22
CHALET General;Quarterly Results 28-Jul-22 OLECTRA Quarterly Results 28-Jul-22
CMSINFO A.G.M.;General;Quarterly Results 28-Jul-22 ORIENTCEM Quarterly Results 28-Jul-22
DBCORP Interim Dividend;Quarterly Results 28-Jul-22 ORIENTHOT Quarterly Results 28-Jul-22
DRREDDY Quarterly Results 28-Jul-22 PATELENG Preferential Issue of shares 28-Jul-22
EQUITASBNK Quarterly Results 28-Jul-22 PNB General;Quarterly Results 28-Jul-22
GHCL Quarterly Results 28-Jul-22 PNBHOUSING Quarterly Results 28-Jul-22
GMM Quarterly Results 28-Jul-22 PNC Quarterly Results 28-Jul-22
IFBIND Quarterly Results 28-Jul-22 RITES Interim Dividend;Quarterly Results 28-Jul-22
IIFLSEC Quarterly Results 28-Jul-22 SBICARD Quarterly Results 28-Jul-22
INTELLECT Quarterly Results 28-Jul-22 SBILIFE Quarterly Results 28-Jul-22
JAMNAAUTO Quarterly Results 28-Jul-22 SHREECEM Quarterly Results 28-Jul-22
JUBLFOOD Quarterly Results 28-Jul-22 SMCGLOBAL* Quarterly Results 28-Jul-22
KDDL Dividend;General;Quarterly Results 28-Jul-22 SONACOMS Quarterly Results 28-Jul-22
KPRMILL Quarterly Results 28-Jul-22 SRTRANSFIN Quarterly Results;General 28-Jul-22
LALPATHLAB Interim Dividend;Quarterly Results 28-Jul-22 TCIDEVELOP Quarterly Results 28-Jul-22
LKPFIN Quarterly Results 28-Jul-22 TTKPRESTIG Quarterly Results 28-Jul-22
M&MFIN Quarterly Results 28-Jul-22 TVSMOTOR General;Quarterly Results 28-Jul-22
MOTILALOFS Quarterly Results 28-Jul-22 VEDL Quarterly Results 28-Jul-22
MPSLTD Quarterly Results 28-Jul-22 WESTLIFE Quarterly Results 28-Jul-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AKZOINDIA 28-Jul-22 Final Dividend – Rs. – 35.00 OSIAJEE 28-Jul-22 Interim Dividend – Rs. – 0.10
AMARAJABAT 28-Jul-22 Final Dividend – Rs. – 0.50 RKFORGE 28-Jul-22 Interim Dividend – Rs. – 0.50
ASALCBR 28-Jul-22 Final Dividend – Rs. – 1.00 ROSSELLIND 28-Jul-22 Dividend – Rs. – 0.30
AUBANK 28-Jul-22 Final Dividend – Rs. – 0.50 SAHYADRI 28-Jul-22 Final Dividend – Rs. – 3.00
AUTOAXLES 28-Jul-22 Final Dividend – Rs. – 15.00 SAIL 28-Jul-22 Final Dividend – Rs. – 2.2500
BAJAJELEC 28-Jul-22 Final Dividend – Rs. – 3.00 SAKSOFT 28-Jul-22 Final Dividend – Rs. – 3.00
BENGALT 28-Jul-22 Final Dividend – Rs. – 1.00 SHILCTECH 28-Jul-22 Final Dividend – Rs. – 4.00
DLINKINDIA 28-Jul-22 Final Dividend – Rs. – 3.00 SMRUTHIORG 28-Jul-22 Dividend – Rs. – 3.00
EMBASSY 28-Jul-22 Income Distribution RITES SOBHA 28-Jul-22 Dividend – Rs. – 3.00
EMUDHRA 28-Jul-22 Final Dividend – Rs. – 1.2500 SRF 28-Jul-22 Interim Dividend – Rs. – 3.60
FAIRCHEMOR 28-Jul-22 Final Dividend – Rs. – 13.00 SUBROS 28-Jul-22 Final Dividend – Rs. – 0.70
FCL 28-Jul-22 Final Dividend – Rs. – 0.40 TATASTEEL 28-Jul-22 Stock  Split From Rs.10/- to Rs.1/-
ICICIGI 28-Jul-22 Final Dividend – Rs. – 5.00 TRIL 28-Jul-22 Final Dividend – Rs. – 0.1500
ICRA 28-Jul-22 Dividend – Rs. – 28.00 WIMPLAST 28-Jul-22 Final Dividend – Rs. – 8.00
INDPRUD 28-Jul-22 Dividend – Rs. – 50.00 ZYDUSLIFE 28-Jul-22 Final Dividend – Rs. – 2.50
KANCOTEA 28-Jul-22 Dividend – Rs. – 1.00 AMIORG 29-Jul-22 Final Dividend – Rs. – 3.00
KAYCEEI 28-Jul-22 Final Dividend – Rs. – 50.00 ANUP 29-Jul-22 Final Dividend – Rs. – 8.00
MUKANDLTD 28-Jul-22 Dividend – Rs. – 1.50 BCPL 29-Jul-22 Final Dividend – Rs. – 0.70
MUNJALSHOW 28-Jul-22 Dividend – Rs. – 4.50 CLEAN 29-Jul-22 Final Dividend – Rs. – 3.2500
NESCO 28-Jul-22 Final Dividend – Rs. – 3.00 DVL 29-Jul-22 Final Dividend – Rs. – 4.00

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