Morning-Outlook-Feature-Image

NIFTY:

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:

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.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
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.

DERIVATIVE PICKS

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
Sectors Price Change % Quantity
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

   Domestic                                                                                                                                                  International
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

NEWS UPDATES

  • 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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BFUTILITIE Audited Results 28-Jun-22 SMAUTO General 28-Jun-22
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
HAL Final Dividend 28-Jun-22 ABIRAFN General 29-Jun-22
J&KBANK General 28-Jun-22 APTPACK Audited Results 29-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
SALSTEEL A.G.M.;General 28-Jun-22 OZONEWORLD General 29-Jun-22
SHAHALLOYS A.G.M.;General 28-Jun-22 PANCHSHEEL Issue Of Warrants;Preferential Issue 29-Jun-22

CORPORATE ACTION

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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