Nifty opened 15926.20 with a big gap up of 227 points. The index failed to hold onto these higher levels and started drifting downwards after recording its intraday high at 15927.45. Prices have seen a down move of almost 100 points and then turned around and started moving higher. However, prices have found resistance again around 15900 and moved down again. The index fell almost 100 points to record its intraday low at 15815.50 and finally closed at 15832.05 near its day low with a gain of 132.80 points or 0.85% up. All the sectoral indices have closed higher today. IT outperformed today and closed wit h a gain of 2.05% followed by the METAL which ended 1.52% up. REALTY,FMCG, and AUTO also did well today by ending nearly 1% higher. It may be possible that the index does not cross this zone. If it happens then we will get a wide consolidation within a range inside the support at 15200 and resistance around 15800 -16000 zones.
Bank Nifty opened at 34126.20 with a big gap up of 472 points. The index did not sustain there and moved down after recording its intraday high at 34147.50. The index continued moving downwards for the whole day wit h minor rallies in between which failed quickly. Prices have recorded its intraday low at 33735.50 and finally closed at 33814.80 wit h a gain of 160 points. PVT and PSU BANKS both have performed almost the same today, saw an upside move, and ended with a gain of 0.73% & 0.47% respectively. Within the index, in terms of points, SBIN contributed the highest on the upside while KOTAK BANK contributed the lowest.
Support is visible around 32300 which is also the recent swing low. It is possible that the prices may spend a few more trading days within these two levels. We should now step aside and avoid trading the index. Wait for an adequate setup to emerge.
|GRSIM||1349||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 1340 and for the target of 1375.|
|BANKBRODA||100||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 100 with a stop loss of 102 and target of 97.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|AMBUJACEM||360 CE||BUY||5.55||CMP||1||15||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|TATACONSUM.22 Jun||730.65||0||3.96||6486750||HDFCAMC.22.06 Jun||1756||-3.49||14.18||3383600|
|HDFC.22.06 Jun||2194.9||0.01||8.91||20140800||BIOCON.22.06 Jun||320.5||-1.91||4.43||13241100|
|PAGEIND.22.06 Jun||40245||0.16||4.38||97950||BALRAMCHIN.22.06 Jun||366.95||-1.4||3.29||5524800|
|DRREDDY.22.06 Jun||4325.4||0.18||3.67||1628000||AUROPHARMA.22.06 Jun||521.35||-1.24||1.23||12079500|
|TVSMOTOR.22.06 Jun||793||0.21||7.34||9168600||TRENT.22.06 Jun||1047.85||-1.19||5.6||3197250|
|Short Covering||Long Unwinding|
|LUPIN.22.06 Jun||630||0.04||-3.39||7409450||STAR.22.06 Jun||335.05||-2.23||-3.83||2643300|
|MARICO.22.06 Jun||483.85||0.07||-4.48||8836000||CHOLAFIN.22.06 Jun||635.35||-2.19||-3.38||6781250|
|IEX.22.06 Jun||174.8||0.09||-4.4||30641250||INDUSTOWER.22.06 Jun||212.85||-1.87||-5.16||13885200|
|MCX.22.06 Jun||1281||0.16||-1.06||2894850||IGL.22.06 Jun||364.85||-1.54||-13.53||8113875|
|TATACHEM.22.06 Jun||811.3||0.19||-0.42||4318000||PIDILITIND.22.06 Jun||2144.45||-1.35||-0.76||2706000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|City Union Bank Ltd.||137.25||7.77||10650109||0||71.1||Nifty50||15832.05||0.85||76140|
|Havells India Limited||1102.4||-0.4||691567||0||70.33||Niftybank||33811.25||0.55||76143|
|Colgate Palmolive (india||1511||-0.18||194633||0||68.49||Nifty it||28345.95||2.05||76143|
|Ntpc Limited||138.5||1.39||12872030||0||68.43||India Vix||21||2.21||76143|
|Icici Lombard General In||1133.3||1.16||411878||0||68.29||Nifty Fmcg||38103.2||0.86||76146|
|Hdfc Ltd.||2194.45||0.25||2781655||0||65.08||Nifty Pharma||12221.55||0.35||76146|
|Mphasis Limited||2338.75||3.45||418206||0||63.54||Nifty Realty||386.5||0.86||76146|
|Asian Paints Limited||2820.95||2.18||1295733||0||62.87||Nifty Auto||11686.05||0.89||76146|
|Gujarat State Petronet l||216.7||0.84||337717||0||61.72||Nifty Metal||4666.3||1.52||76146|
|Larsen & Toubro Limited||1535.8||2.74||2389778||0||60.87||Nifty Financial Services||15651||0.36||76149|
UPCOMING ECONOMIC DATA
|INR: Federal Fiscal Deficit (May) on 30thJune, 2022||•USD: Goods Trade Balance (May) on 28th June, 2022
•USD: CB Consumer Confidence (Jun) on 28th June, 2022
Indian banks might witness growth in net interest margins (NIMs) in the current financial year (FY23), revealed a report by Moody’s Investor Service on Monday. NIM is the difference between the interest income earned and the interest paid by a bank to its interest-earning assets. The widening of these margins can be attributed to recent interest rate hikes undertaken by the Reserve Bank of India (RBI) in order to tame inflation.
Bajaj Auto Ltd on Monday said its board has approved a share buyback programme for an aggregate amount of up to Rs 2,500 crore. The board of directors of the company, at its meeting held on Monday, approved the proposal for buyback of the fully paid up equity shares of the company with a face value of Rs 10 each from existing shareholders, except promoters and promoter group, from open market on the stock exchanges, Bajaj Auto said in a regulatory filing.
Fitch Ratings has affirmed a ‘BBB-‘ rating to gas utility GAIL (India) Ltd, with a stable outlook, on premise that the firm’s financial profile will remain strong. Its rating is capped by the Indian sovereign rating of ‘BBB-‘. The government owns 51.52 per cent in GAIL.
Vi Business, the enterprise arm of telecom operator Vodafone Idea (Vi), has launched ReadyforNext, a special program curated to help the MSMEs accelerate their growth potential. Vi Business ReadyforNext program is built on the philosophy of handholding the MSMEs in their entire digital journey.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|CANOPYFIN||Preferential Issue of shares||28-Jun-22||TTIENT||Right Issue;Preferential Issue;Stock Split||28-Jun-22|
|CHEMCON||A.G.M.;General||28-Jun-22||WEBELSOLAR||Preferential Issue of shares||28-Jun-22|
|KERALAYUR||General||28-Jun-22||ASHNI||Preferential Issue of shares;General||29-Jun-22|
|QUINTEGRA||A.G.M.||28-Jun-22||CIGNITI*||Buy Back of Shares||29-Jun-22|
|ROUTE||Buy Back of Shares||28-Jun-22||DSSL||General||29-Jun-22|
|SHAHALLOYS||A.G.M.;General||28-Jun-22||PANCHSHEEL||Issue Of Warrants;Preferential Issue||29-Jun-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|KACHCHH||28-Jun-22||E.G.M.||BIOCON||30-Jun-22||Final Dividend – Rs. – 0.5000|
|SKFINDIA||28-Jun-22||Dividend – Rs. – 14.5000||EKI||30-Jun-22||Bonus issue 3:1|
|WHIRLPOOL||28-Jun-22||Final Dividend – Rs. – 5.00||ESCORTS||30-Jun-22||Dividend – Rs. – 7.00|
|SONACOMS||29-Jun-22||Final Dividend – Rs. – 0.7700||GANDHITUBE||30-Jun-22||Final Dividend – Rs. – 10.00|
|TATASTLLP||29-Jun-22||Dividend – Rs. – 12.5000||IOC||30-Jun-22||Bonus issue 1:2|
|VAIBHAVGBL||29-Jun-22||Final Dividend – Rs. – 1.5000||LTI||30-Jun-22||Dividend – Rs. – 30.00|
|AAL||30-Jun-22||Final Dividend – Rs. – 1.5000||MAHSCOOTER||30-Jun-22||Final Dividend – Rs. – 80.00|
|BAJAJ-AUTO||30-Jun-22||Dividend – Rs. – 140.00||NAM-INDIA||30-Jun-22||Final Dividend – Rs. – 7.5000|
|BAJAJFINSV||30-Jun-22||Dividend – Rs. – 4.00||NUCLEUS||30-Jun-22||Final Dividend – Rs. – 7.00|
|BAJAJHLDNG||30-Jun-22||Final Dividend – Rs. – 25.00||PAISALO||30-Jun-22||Stock Split From Rs.10/- to Rs.1/-|
|BAJFINANCE||30-Jun-22||Dividend – Rs. – 20.00||PTL||30-Jun-22||Dividend – Rs. – 2.00|
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