Nifty opened at 17289 with a gap up of 67 points. The index recorded its intraday high at 17194.90 a few ticks above the opening tick and started moving on the downside. Prices have filled the gap within the first five minutes of trading and then fall further on the downside to record its intraday low at 17076.55. The index found support there and formed a narrow trading range. Soon the range broke on the upside and prices have seen a rally in the last 30 minutes of trading to finally close at 17153 with a loss of 69.75 points or 0.40% down. The IT has underperformed today and closed lower by 1% followed by the PHARMA and FMCG sectors. The REALTY outperformed by closing 1.22% higher.
The volatility benchmark index ‘INDIA V IX’ is consistently falling for the past few days suggesting volatility is cooling off. On Monday, we should take a trade in the direction of a breakout. The idea is to look for a shorting opportunity on a break down below 17000 supports. But if prices find support at the lower end of this range and start moving higher then we should look for a buying opportunity on a breakout above 17300. For both cases, place a stop of 110 points and a target of 280 points. Take both trades if the first one gets stopped out.
BANK NIFTY opened at 35700.40 with a ga p up of 279 points. The index recorded its intraday high a few ticks above the opening price at 35717 and then turned down to fill the gap. The index moved further on the downside and then formed a narrow trading range. Prices have recorded its intraday low at 35203.85 and saw a sharp rally in the last 30 minutes of trading to finally close at 35536.45 without much of a change. PVT BANKS have outperformed today and closed with gains of 0.49%.PVT BANKS have seen an underperformance today and ended lower by 0.31%. On Monday we should look fora trading opportunity on both sides. The idea is to look fora shorting opportunity on a breakdown below 35200 or look for a buying opportunity on a breakout above 35800.Keep a stop of 300 points and a target of 800 points from your entry price. Take both trades if the first one gets stopped out.
|ADANIPORT||743||BUY||The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought with a stop loss of 735 and for the target of 760.|
|INDIAMART||4453||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 4450 with a stop loss of 4500 and target of 4360.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|ADANIENT||1880 CE||BUY||29||CMP||20||50||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|HINDALCO.Mar 31||621.75||0.03||16.66||37813125||INDUSTOWER.Mar 31||202.25||-5.75||19.09||24124800|
|LICHSGFIN.Mar 31||367||0.05||2.51||17584000||ESCORTS.Mar 31||1669.45||-3.82||4.71||1908500|
|AMBUJACEM.Mar 31||292.2||0.07||1.63||25576500||MUTHOOTFIN.Mar 31||1303.75||-3.64||0.58||3098250|
|ALKEM.Mar 31||3614.6||0.09||14.86||137600||ASTRAL.Mar 31||1969.45||-3.43||5.91||828300|
|MIDCPNIFTY.Mar 29||7243.95||0.17||25||1125||TORNTPHARM.Mar 31||2745||-3.38||6.04||701750|
|Short Covering||Long Unwinding|
|BANKNIFTY.Mar 31||35650||0.02||-2.99||2175725||BSOFT.Mar 31||465.05||-3.53||-4.45||3464500|
|FINNIFTY.Mar 29||16724.35||0.02||-1.05||3760||GNFC.Mar 31||771.1||-3.37||-0.1||2509000|
|RAMCOCEM.Mar 31||730.35||0.06||-1.99||2762500||ABB.Mar 31||1986.5||-2.81||-0.97||204500|
|APOLLOTYRE.Mar 31||187.5||0.13||-0.4||11907500||WHIRLPOOL.Mar 31||1596.8||-2.47||-3.28||743750|
|SRF.Mar 31||2622.4||0.26||-1.39||2626875||LTTS.Mar 31||4940.2||-2.32||-0.56||603400|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Lombard General In||1265.55||1.72||1058844||0||76.07||Nifty50||17153||-0.4||81246|
|Crompton Greaves Consume||374.55||-0.98||1918113||0||74||Niftybank||35410.1||-0.33||81246|
|Gmr Infrastructure Limit||36.7||-0.41||17302323||0||69.03||Nifty it||36152.3||-1||81246|
|Hindustan Unilever Ltd||1953||-0.66||2233647||0||68.48||India Vix||23.43||-2.09||81246|
|Colgate Palmolive (india||1518.65||0.66||260395||0||68.44||Nifty Fmcg||35522.75||-0.77||81246|
|Coromandel International||793.75||-1.87||160900||0||68.42||Nifty Pharma||13607.05||-0.86||81249|
|Tata Consultancy Serv Lt||3707.45||-1.13||1690133||0||66.47||Nifty Realty||449.15||1.22||81249|
|Power Grid Corporation o||209.65||-0.52||7382003||0||65.56||Nifty Auto||10354.15||-0.56||81249|
|Hdfc Ltd.||2303||-0.32||3418282||0||65||Nifty Metal||6500.2||0.03||81249|
|Marico Limited||478.1||-0.89||1468764||0||62.95||Nifty Media||2322.75||0.04||81249|
|Infosys Limited||1876.55||-0.54||3438588||0||62.42||Nifty Financial Services||16616.7||-0.33||81249|
UPCOMING ECONOMIC DATA
|INR: Federal Fiscal Deficit (Feb) on 31th March, 2022
INR: Infrastructure Output (YoY) (Feb) on 31st Match, 2022
|•USD: Retail Inventories Ex Auto (Feb) on 28th March, 2022
•USD: CB Consumer Confidence (Mar) on 29th March, 2022
- In a major twist, India’s leading multiplex chain PVR, which was earlier in advanced talks with the local unit of Mexican company Cinépolis for a possible merger, has decided to combine operations with the second largest multiplex chain, INOX Leisure. The boards of the two companies are meeting on Sunday, March 27, to approve the merger, said two people with direct knowledge of the development.
- Airline major IndiGo will launch 100 flights connecting key domestic metro cities and regional centres, starting from March 27, 2022. Accordingly, the airline will introduce flights on 20 exclusive routes effective March 27, 2022. Besides, it will commence Regional Connectivity Scheme (RCS) route from Prayagraj-Lucknow on the same day.
- Tata AIG, ICICI Lombard and Nippon Life are among 54 prominent Indian and foreign financial companies joining the race for the profit-making insurance arms of Reliance Capital, which was last year put under administration due to defaults and governance issues. The last day to submit expression of interest (EOI) was extended by two weeks to March 25 to give access to the latest information before they make financial bids.
- India’s largest gas utility GAIL (India) Ltd continues to pay for the LNG it imports from Russia’s Gazprom in US dollars and will seek exchange rate neutrality in case payments are sought in any other currency such as Euro, two sources said. GAIL has a deal to receive 2.5 million tonnes of liquefied natural gas (LNG) annually on a delivered basis from Russia’s Gazprom. This translates into 3 to 4 cargoes or ship loads of super-cooled natural gas every month.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AMBITION||Quarterly Results||28-Mar-22||RRIL||Scheme of Arrangement||28-Mar-22|
|BARBEQUE||General||28-Mar-22||SEAMECLTD||Scheme of Arrangement||28-Mar-22|
|DOLFIN||Bonus issue;Increase in Auth. Capital||28-Mar-22||SUKHJITS||Preferential Issue of shares||28-Mar-22|
|ELCIDIN||Voluntary Delisting of Shares||28-Mar-22||ADVANIHOTR||General||29-Mar-22|
|INDRANIB||General;Preferential Issue of shares||28-Mar-22||ANG||General||29-Mar-22|
|JAIMATAG||General||28-Mar-22||ATAM||In. in Auth. Capital; Warrants;Pref. Issue||29-Mar-22|
|KAMAHOLD||Interim Dividend||28-Mar-22||COASTCORP||Right Issue of Equity Shares;General||29-Mar-22|
|LACTOSE||Preferential Issue of shares||28-Mar-22||DWARKESH||Interim Dividend||29-Mar-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|GOLDIAM||28-Mar-22||Stock Split From Rs.10/- to Rs.2/-||7NR||30-Mar-22||Stock Split From Rs.10/- to Rs.1/-|
|SAIL||28-Mar-22||Interim Dividend – Rs. – 2.5000||AMBUJACEM||30-Mar-22||Final Dividend – Rs. – 6.3000|
|ARCFIN||29-Mar-22||Stock Split From Rs.10/- to Rs.1/-||CRISIL||30-Mar-22||Final Dividend – Rs. – 15.0000|
|BEML||29-Mar-22||Interim Dividend – Rs. – 5.0000||CRISIL||30-Mar-22||Special Dividend – Rs. – 7.0000|
|GIANLIFE||29-Mar-22||Bonus issue 6:5||DHAMPURSUG||30-Mar-22||Interim Dividend – Rs. – 6.0000|
|HUDCO||29-Mar-22||Interim Dividend – Rs. – 0.7500||GILADAFINS||30-Mar-22||Bonus issue 1:1|
|SBILIFE||29-Mar-22||Interim Dividend – Rs. – 2.0000||GILADAFINS||30-Mar-22||Stock Split From Rs.10/- to Rs.5/-|
|SUNCLAYLTD||29-Mar-22||Interim Dividend – Rs. – 44.0000||NEPTEXP||30-Mar-22||Amalgamation|
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