Morning-Outlook-Feature-Image

morning-outlook-2ndaug

NIFTY:

NIFTY opened at 17243.20 with a gap of 85 points. The index initially moved lower for the first five minutes of trading and filled the gap but also found support there. The index recorded its intraday low at 17154.80 and bounced up. Prices have rallied sharply, almost reaching near 17300, and then consolidated there for almost the whole afternoon. Prices broke above, rallied again, and recorded their intraday high at 17356.25. The index finally closed at 1734 0.05, near its daily highs with a gain of 181.80 points of 1.06% up. All sectoral indices have seen an upside move today and closed higher except PHARMA which ended with a minor loss. AUTO outperformed and ended 3.27% higher followed by OIL GAS which ended with a gain of 2.12%. The NIFTY started the week on a positive note, in continuation of last week’s trend, and closed higher for the fourth consecutive trading day. The short-term trend is up as prices are making a bullish pattern of lower highs and lower lows. Support is now visible at around 17000. This means we should look for buying opportunities as far as the index is moving above 17000. On the higher side, resistance may emerge around the 17300 – 17400 zone. Prices have reached this zone today. So we need to see if this resistance holds. Fresh trade should emerge either on a dip or if the index again consolidated and formed a narrow trading range.

BANK NIFTY:

Today, the BANK NIFTY opened at 37594.15 with a gap of 108 points. The index did not sustain at higher levels and started moving lower. However, prices quickly rebound and rallied after recording their intraday low at 37407.20. The rally continued for the whole day, prices recorded their intraday high at 37939.60 and finally closed at 37867.15 with a gain of 381points. PSU and PVT BANKS both have performed well today, saw an upside move, and closed higher by 1.66% & 1.11% respectively. Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. The short-term trend is up as prices are making a bullish pattern of higher highs and higher lows. As mentioned earlier, support is now visible at around 36800 while resistance may appear around 38000. As of now, we do not have an adequate setup to trade so we will avoid trading the index.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE
POWER GRID 218.95 BUY Stock made a base at lower levels and gave breakout, currently price waiting at higher levels to continue its upside journey. One should buy at CMP for the target of 223 with SL of 217.50.
HUL 2593 SELL Short term trend of the stock is up but now it showing some selling pressure with the m pattern. One should sell @CMP for the target of 2543 with SL of 2639.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DEEPAK NTR (CE) 2000 BUY 96 CMP 75 120 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDFCFIRSTB.22.08 Aug 42.3 12.2 3.87 255435000 MCX.22.08 Aug 1315 -5.57 6.88 2832800
RAIN.22.08 Aug 190.8 8.07 1.25 10461500 GMRINFRA.22.08 Aug 36 -4.64 5.22 1.15E+08
TATAMOTOR2208Aug 482.25 6.56 2.26 69121050 FSL.22.08 Aug 108.7 -3.03 18.15 17940000
M&M.22.08 Aug 1244.75 6.41 10.89 12433400 SUNPHARMA.22.08 Aug 917.9 -2.81 2.82 21308000
IBULHSGFIN.22.08 Aug 117.35 5.91 6.21 25456000 IOC.22.08 Aug 69.2 -2.47 16.12 68835000
                                                                        Short Covering                                                                       Long Unwinding
PNB.22.08 Aug 33.6 6.84 -7.51 192240000 TECHM.22.08 Aug 1055.55 -0.01 -0.66 22152000
GUJGASLTD.22.08 Aug 470 5.27 -8.95 3155000 BANKBARODA.22.08 Aug 116.85 -0.17 -3.57 1.01E+08
IDEA.22.08 Aug 9.3 5.08 -0.62 535640000 EXIDEIND.22.08 Aug 158.75 -0.19 -0.47 24948000
CHOLAFIN.22.08 Aug 737 4.48 -0.03 8831250 NESTLEIND.22.08 Aug 19384.6 -0.42 -1.2 390440
MGL.22.08 Aug 769.95 3.63 -1.03 3219200 GRASIM.22.08 Aug 1560 -0.55 -1.11 11635600

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation 218.95 2.34 9102418 0 74.39 Nifty50 17340.05 1.06 86544
Marico Limited 523.1 0.98 705989 0 71.89 Niftybank 37903.2 1.1 86544
Petronet Lng Limited 225.6 2.57 2245282 0 70.82 Nifty it 29220 0.23 86544
Ambuja Cements Ltd 375.4 0.16 2858911 0 69.59 India Vix 17.49 5.68 102270
Itc Ltd. 307.5 1.47 15889556 0 67.54 Nifty Fmcg 42526.75 0.09 86544
Bharti Airtel Limited 694.45 2.43 8812526 0 66.75 Nifty Pharma 12766.85 -0.08 86544
Hdfc Bank Ltd. 1446.15 0.83 6596518 0 66.18 Nifty Realty 452.65 0.38 86544
Dabur India Ltd. 580.8 -0.56 993023 0 65.21 Nifty Auto 12953.65 3.27 86544
Icici Bank Ltd. 823.4 0.59 7974903 0 65 Nifty Metal 5578.15 1.68 86544
Indraprastha Gas Limited 359 3.65 3637329 0 63.94 Nifty Financial Services 17584.2 0.84 86544

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Trade Balance on 2nd August, 2022

INR: Nikkei Services PMI (Jul) on 3rd August, 2022

•USD:  JOLTs Job Openings (Jun) on 2nd August, 2022

•USD:  ISM Non-Manufacturing PMI (Jul) on 3rd August, 2022

NEWS UPDATES

  • Cigarettes-to-hotels major ITC on Monday reported a 33.98 per cent year-on-year (YoY) jump in its consolidated net profit, which came in at Rs 4,389.76 crore, amid growth across segments. In the year-ago period, profit was Rs 3,276.48 crore. Net sales came in at Rs 18,353 crore, up 39.2 per cent YoY and well ahead of expectations. A poll of analysts by Bloomberg had estimated its revenue at Rs 11,760 crore and net income at Rs 3,974 crore.

  • Food aggregator Zomato reported a consolidated loss of Rs 186 crore in the first quarter of 2022-23. Its losses eased on both year-on-year (YoY) and sequential bases. The company’s consolidated loss was Rs 359 crore in Q1FY22 and Rs 359.7 crore in Q4FY22. Revenue for the June 2022 quarter came in at Rs 1,413.9 crore, up 67.45 per cent YoY and 16.7 per cent quarter-on-quarter (QoQ). India’s telecom industry is likely to see an investment of Rs 2-3 trillion in the next two years as reforms by the government have removed uncertainty and risks, and provided a stable investment regime, Communications Minister Ashwini Vaishnaw said on Monday. Buoyed by record bids in the auction of 5G spectrum, Vaishnaw said he expects investments to be infused into both fourth and fifth generation technologies, for providing better voice quality and high-speed data.

  • TVS Motor Company on Monday reported a 13 per cent increase in total sales at 3,14,639 units in July. The company had posted a total sales of 2,78,855 units in the same month last year, TVS Motor Company said in a statement. Total two-wheelers sales were up 14 per cent at 2,99,658 units last month, as against sales of 2,62,728 units in July 2021, it added.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ACCELYA Audited Results;Final Dividend 02-Aug-22 JAYBARMARU General;Quarterly Results 02-Aug-22
ADANIGREEN Quarterly Results 02-Aug-22 JETFREIGHT General;Quarterly Results 02-Aug-22
ALUFLUOR Quarterly Results 02-Aug-22 JMFINANCIL Quarterly Results 02-Aug-22
AUROLAB General;Quarterly Results 02-Aug-22 JUBLPHARMA Quarterly Results 02-Aug-22
BANKINDIA Quarterly Results 02-Aug-22 KAYCEEI Quarterly Results 02-Aug-22
BFFL Quarterly Results 02-Aug-22 LEMONTREE General;Quarterly Results 02-Aug-22
BHARATWIRE Quarterly Results 02-Aug-22 MOIL Quarterly Results 02-Aug-22
BOSCHLTD Quarterly Results 02-Aug-22 MOLDTEK General;Quarterly Results 02-Aug-22
BRIGADE Quarterly Results 02-Aug-22 NEXTMEDIA Quarterly Results 02-Aug-22
DATAPATTNS A.G.M.;Quarterly Results 02-Aug-22 PARADEEP Quarterly Results 02-Aug-22
DEEPAKNI Quarterly Results 02-Aug-22 RUCHINFRA General;Quarterly Results 02-Aug-22
DHANUKA Quarterly Results 02-Aug-22 SACHEMT Quarterly Results 02-Aug-22
DODLA Quarterly Results 02-Aug-22 SAHYADRI General;Quarterly Results 02-Aug-22
FAZE3AUTO Quarterly Results 02-Aug-22 SAREGAMA Quarterly Results 02-Aug-22
FORTISMLR Quarterly Results 02-Aug-22 SCHNEIDER General;Quarterly Results 02-Aug-22
GATEWAY Quarterly Results 02-Aug-22 SHYAMMETL Interim Dividend;Quarterly Results 02-Aug-22
GATI Quarterly Results 02-Aug-22 SIEMENS Quarterly Results 02-Aug-22
GEOJITFSL General;Quarterly Results 02-Aug-22 STARCEMENT Quarterly Results 02-Aug-22
GICHSGFIN General;Quarterly Results 02-Aug-22 TCI Quarterly Results 02-Aug-22
GODREJPROP Quarterly Results 02-Aug-22 THERMAX Quarterly Results 02-Aug-22
GRAVITA Quarterly Results 02-Aug-22 TVVISION Quarterly Results 02-Aug-22
GUJARATPOLY Quarterly Results 02-Aug-22 VAIBHAVGBL Interim Dividend;Quarterly Results 02-Aug-22
GUJSTATFIN Quarterly Results 02-Aug-22 VOLTAS Quarterly Results 02-Aug-22
INDUSTOWER Quarterly Results 02-Aug-22 WALCHANNAG Quarterly Results 02-Aug-22
IONEXCHANG Quarterly Results 02-Aug-22 ZEELEARN Quarterly Results 02-Aug-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ABBOTINDIA 02-Aug-22 Final Dividend – Rs. – 145.00 TCPLPACK 02-Aug-22 Final Dividend – Rs. – 10.00
ABBOTINDIA 02-Aug-22 Special Dividend – Rs. – 130.00 UBL 02-Aug-22 Dividend – Rs. – 10.50
ANANDRATHI 02-Aug-22 Final Dividend – Rs. – 6.00 ULTRACEMCO 02-Aug-22 Final Dividend – Rs. – 38.00
CENTUM 02-Aug-22 Final Dividend – Rs. – 2.50 ANUHPHR 03-Aug-22 Final Dividend – Rs. – 1.7500
CHOLAHLDNG 02-Aug-22 Dividend – Rs. – 0.5500 ANURAS 03-Aug-22 Interim Dividend – Rs. – 0.40
CUMMINSIND 02-Aug-22 Final Dividend – Rs. – 10.50 CHORDIA 03-Aug-22 Spin Off
DLF 02-Aug-22 Dividend – Rs. – 3.00 COFORGE 03-Aug-22 Interim Dividend – Rs. – 13.00
HERCULES 02-Aug-22 Final Dividend – Rs. – 1.2500 DISAQ 03-Aug-22 Final Dividend – Rs. – 10.00
HERCULES 02-Aug-22 Special Dividend – Rs. – 0.60 EKENNIS 03-Aug-22 Final Dividend – Rs. – 1.00
IGPL 02-Aug-22 Dividend – Rs. – 10.00 ESABINDIA 03-Aug-22 Final Dividend – Rs. – 20.00
JKCEMENT 02-Aug-22 Final Dividend – Rs. – 15.00 GREAVESCOT 03-Aug-22 Final Dividend – Rs. – 0.20
KCP 02-Aug-22 Final Dividend – Rs. – 1.00 IRBINVIT 03-Aug-22 Income Distribution (InvIT)
KIRLOSBROS 02-Aug-22 Final Dividend – Rs. – 3.00 KIRLOSENG 03-Aug-22 Final Dividend – Rs. – 2.50
LXMIATO 02-Aug-22 Dividend – Rs. – 10.00 MARUTI 03-Aug-22 Final Dividend – Rs. – 60.00
MCLOUD 02-Aug-22 Final Dividend – Rs. – 0.50 SHETR 03-Aug-22 Interim Dividend – Rs. – 0.50
ORIENTPPR 02-Aug-22 Dividend – Rs. – 0.2500 VICTMILL 03-Aug-22 Final Dividend – Rs. – 50.00
RAMCOCEM 02-Aug-22 Dividend – Rs. – 3.00 7TEC 04-Aug-22 Interim Dividend – Rs. – 1.00
RAMCOIND 02-Aug-22 Final Dividend – Rs. – 1.00 ADFFOODS 04-Aug-22 Final Dividend – Rs. – 4.00
SHK 02-Aug-22 Final Dividend – Rs. – 0.7500 AKCAPIT 04-Aug-22 Final Dividend – Rs. – 3.00
SIGACHI 02-Aug-22 Interim Dividend – Rs. – 1.00 ALFREDHE 04-Aug-22 Dividend – Rs. – 3.00

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