Morning-Outlook-Feature-Image
Morning-Outlook-28march

NIFTY:

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:

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.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
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.

DERIVATIVE PICKS

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
Sectors Price Change % Quantity
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

   Domestic                                                                                                                                                  International
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

NEWS UPDATES

  • 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.

BOARD MEETINGS

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
DISAQ Interim Dividend 28-Mar-22 SUDARSCHEM General 28-Mar-22
DOLFIN Bonus issue;Increase in Auth. Capital 28-Mar-22 SUKHJITS Preferential Issue of shares 28-Mar-22
EKI Interim Dividend 28-Mar-22 UNISON General 28-Mar-22
ELCIDIN Voluntary Delisting of Shares 28-Mar-22 ADVANIHOTR General 29-Mar-22
HALDYNGL General 28-Mar-22 AML 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
JYOTIRES General 28-Mar-22 CANFINHOME General 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
MAHACORP General 28-Mar-22 EDELWEISS Interim Dividend 29-Mar-22

CORPORATE ACTION

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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