Morning-Outlook-Feature-Image
Outlook

NIFTY:

Nifty opened at 16481.60 with a big gap down of 177 points. Prices moved further on the downside and recorded its intraday low at 16356.30. Prices finds support there and started moving on the upside. A minor dip came in the afternoon but prices soon find support and resumed its up move. The index recorded its intraday high at 16815.90 and finally closed at 16793.90 near its intraday high wit h a ga in of 135.50 points or 0.81% up despite a big gap down. METAL outperformed today and ended with a ga in of 4.95% followed by OIL GAS which ended wit h a ga in of more than 2.5%. BANK, FINANCIAL, and AUTO underperformed today and ended with a loss of more than half a percent.

Volatility is very high as the volatility index ‘INDIA VIX’ is moving above 28. lt will be normal when the index moves below 18. Moreover , intraday range is also very wide that indicating a few narrow and choppy days are ahead. Support is visible around first at 16200, if breach then 15500. Strong resistance is visible inside the 16800 – 16900 range and the index today closes almost there. As we have mentioned, “We are in an environment of fear& uncertainty. In such an environment we should step aside and not indulge ourselves in any kind of trading.

BANK NIFTY:

BANK NIFTY opened at 35938.95 wit h a big gap down of 547 points. The index moved further on the downside and recorded its intraday low at 35611.90. Prices then moved up and recorded its intraday high at 36270.25. The index again moved down but soon found support and again moved up Prices finally closed at 36211.55 wit ha loss of 274 points. PSU BANKS have outperformed today and closed wit h a gai n of 0.13% while PVT BANKS have underperformed today and closed wit h a loss of 0.54%. Within the index, in terms of points, ICICI BANK contributed the highest on the while HDFC BANK contributed the lowest. The trend is still on the downside and it will be down as far as prices are trading below the immediate resistance level around 36800. Support is visible around 34000.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
BSOFT 407 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 402 and for the target of 420.
LT 1816 BUY The  immediate trend of the script is bullish. There is a positive  cross over of moving averages  as well as of the indicators therefore  it can be buy above 1820 with a stop loss of 1800 and target  of 1850.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
VOLTAS 1280CE BUY 33 CMP 25 50 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CUMMINSIND.Mar 31 956.25 0.01 0.95 1459200 BIOCON.Mar 31 350.55 -11.32 39.97 17181000
LUPIN.Mar 31 743.25 0.02 1.04 8572250 RAIN.Mar 31 183.8 -8.01 19.58 7467500
SYNGENE.Mar 31 544 0.02 7.01 804100 STAR.Mar 31 321.05 -3.15 3.4 4138200
AUROPHARMA.Mar 31 626.9 0.1 1.8 13512000 HDFCLIFE.Mar 31 523.85 -2.73 12.45 28817800
MOTHERSUMI.Mar 31 150.15 0.1 4.97 22918000 GUJGASLTD.Mar 31 586.5 -2.42 3.13 2305000
                                                                        Short Covering                                                                       Long Unwinding
ESCORTS.Mar 31 1787 0.05 -1.57 3930300 FINNIFTY.Mar 29 16931.05 -0.57 -5.88 2560
MCX.Mar 31 1271.95 0.62 -0.82 1905050
NAM-INDIA.Mar 31 303.75 0.75 -0.17 2777600
OBEROIRLTY.Mar 31 906.25 0.89 -0.33 2102800
IEX.Mar 31 206.4 1.2 -0.32 44827500

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Bank Ltd. 1426.25 -2.05 12440416 0 68.32 Nifty 50 16793.9 0.81 77619
Alkem 3277.95 -0.65 33559 0 68.14 Nifty Bank 36205.3 -0.62 77625
Hdfc Life Insurance Comp 523.2 -2.91 10669560 0 65.87 Nifty it 33847.85 1.11 77625
Ipca Laboratories Ltd. 981.35 1.19 413836 0 64.64 Nifty Auto 10820.55 -0.69 77628
Kotak Mahindra Bank Limi 1842.75 -0.75 2712562 0 63.33 Nifty Metal 5896.85 4.95 77628
Marico Limited 514.7 4.01 3050846 0 62.91 India Vix 28.57 6.84 77628
Hdfc Ltd. 2364.5 -1.53 8366630 0 62.16 Nifty Realty 436.4 0.61 77628
City Union Bank Ltd. 125.15 0.24 1173741 0 62.09 Nifty Fmcg 35515.4 0.63 77628
Hindustan Unilever Ltd 2172.1 0.06 2334036 0 60.96 Nifty Media 2010.65 0.68 77628
Hcl Technologies Ltd. 1126.95 -0.24 4571884 0 60.95 Nifty Financial Services 16936.3 -0.54 77628

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Trade Balance on 2nd March, 2022 •USD:  Crude Oil Inventories on 2nd March, 2022

•USD:  API Weekly Crude Oil Stock on 2nd March, 2022

NEWS UPDATES

  • Indian Tata Motors on Tuesday said its total domestic sales increased by 27 per cent year-on-year to 73,875 units in February. The company had dispatched 58,366 units in February 2021. The auto major said its passenger vehicle sales in the domestic market last month rose by 47 per cent to 39,981 units compared to 27,225 units in the same month last year.
  • Ilker Ayci has declined the Tata Group’s offer to be the Chief Executive Officer (CEO) and Managing Director of Air India, aviation industry sources said on Tuesday. On February 14, Tata Sons had announced the appointment of Ayci, former chairman of Turkish Airlines, as the Chief Executive Officer and Managing Director of Air India.
  • Tata Steel is looking to set up a ‘world class’ facility to produce medical material and as a step towards it, Tata Steel Advanced Materials (TSAML), an indirect wholly-owned subsidiary, has invested in a bio-ceramics startup, Ceramat Private Limited.
  • GST collections in February stood at over Rs 1.33 trillion in February, an 18 per cent growth over the year-ago period, the Finance Ministry said on Tuesday. The February mop-up was impacted by the Omicron wave that swept through the country and hence, the gross sales tax collection was lower than the record Rs 1,40,986 crore netted in January.
  • India’s top refiner Indian Oil Corporation (IOC) will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend on a free-on-board (FOB) basis due to insurance risk, according to a tender notice and a source familiar with the matter.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
GIANLIFE Quarterly Results 02-Mar-22 CONTPTR General 03-Mar-22
JANUSCORP General 02-Mar-22 GCMCOMM General 03-Mar-22
JONJUA General 02-Mar-22 GCMSECU General 03-Mar-22
NCLRESE General 02-Mar-22 GLOBALCA General 03-Mar-22
RESPONSINF Preferential Issue of shares 02-Mar-22 GREENCREST General 03-Mar-22
UPL Buy Back of Shares 02-Mar-22 IDEA General 03-Mar-22
VEDL Interim Dividend 02-Mar-22 JACKSON General 03-Mar-22
ARIHCAPM Interim Dividend;General;Stock  Split 03-Mar-22 KHOOBSURAT General 03-Mar-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
DATAINFRA 02-Mar-22 Income Distribution (InvIT) VIPIND 08-Mar-22 Interim Dividend
FACORALL 02-Mar-22 E.G.M. VEDL 09-Mar-22 Interim Dividend
PRISMX 02-Mar-22 Right Issue of Equity Shares VISHAL 10-Mar-22 Bonus issue 2:1
TANAA 02-Mar-22 Interim Dividend – Rs. – 0.5000 SRTRANSFIN 11-Mar-22 Interim Dividend
ARSHIYA 03-Mar-22 Spin Off DICIND 14-Mar-22 Final Dividend – Rs. – 3.0000
CONTAINER 03-Mar-22 Stock  Split From Rs.10/- to Rs.5/- DICIND 14-Mar-22 Special Dividend – Rs. – 2.0000
PGFOILQ 03-Mar-22 E.G.M. BCG 15-Mar-22 Bonus issue 2:3
JAYSHREETEA 07-Mar-22 E.G.M. DRCSYSTEMS 16-Mar-22 Stock  Split From Rs.10/- to Rs.1/-
NOUVEAU 07-Mar-22 Stock  Split From Rs.10/- to Rs.1/- KMSUGAR 16-Mar-22 E.G.M.
DEEP 08-Mar-22 Bonus issue 3:4 METROBRAND 16-Mar-22 Interim Dividend

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