The NIFTY opened at 17188.65 with a big gap down of 370 points. The index recorded its intraday low at 17166.20 within the first five minutes of trading and then bounced up. Prices have seen a sharp intraday rally and went above 17300 with minor dips in between. The rally continued and prices recorded their intraday high at 17380.15. A deadline came afterwards but prices again saw some recovery towards the end of today’s trading session and finally closed at 17312.90 with a loss of 246 points or 1.40% down. All the sectoral indices have closed lower except the FMCG and OIL GAS. IT led the bears today and ended with a loss of 3.53% followed by the MEDIA which ended with a loss of 2.03%. The short-term trend is still sideways. It will be down if the index breaks today’s low in the coming days. We may see a relief rally so for tomorrow we are suggesting intraday trade. Look to buy above 17400 or above the first 15 minutes of high. Choose whichever is the highest. Keep a stop of 80 points and a target of 140 points from your entry price. Do not carry this trade for the next day.
The BANK NIFTY opened at 38111.60 with a big gap down of 925 points. For the first 5 minutes of trading, the index moved lower and recorded its intraday low at 37943.85. The index then bounced up and rallied sharply. Prices have recorded their intraday high at 38397.10 and then spent the rest of the day moving within a tight narrow range. The index finally closed at 38346.85 with a loss of 690 points. PVT and PSU BANKS both indices have performed almost today, saw a sharp decline, and closed lower by 0.86% & 1.63% respectively. Within the index, in terms of points, IDFC FlRST BANK contributed the highest on the upside while HDFC BANK contributed the lowest. Weak global markets triggered a big gap down opening in the BANK NIFTY. However, the index recovered some losses but still closed below 38500 with a loss of nearly 2%. The short-term trend is sideways. We have mentioned a support level of around 38000 in the BANK Index. Prices have bounced up from there. We may see some kind of relief rally here. We are recommending an intraday trade for tomorrow. Wait until till09:30 AM and then look for a buying opportunity either above the first 15 minutes of high or above 38400. Keep a stop of 210 points and a target of 380 points from your entry price. Do not carry this trade for the next day and close your position before the market closes.
|MARUTI||8834.2||BUY||The stock has taken support from the trend line in the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 8769 and a target of 8939.|
|SIEMENS||2847.85||SELL||The stock is facing resistance at its top in the daily chart. The stock can be sold at 2834 with a stop loss of 2870 and a target of 2768.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|DR REDDY||4300 CE||BUY||86.75||CMP||75||110||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ESCORTS.22.09 Sep||1915||6.04||23.54||1991550||NAUKRI.22.09 Sep||4132.6||-7.55||28.4||1716000|
|INDIACEM.22.09 Sep||219.15||4.16||9.02||12649800||CUB.22.09 Sep||177.05||-5.14||15.4||8545000|
|COLPAL.22.09 Sep||1644.8||3.93||14.58||2857400||TECHM.22.09 Sep||1039||-4.76||10.14||18628200|
|IDFC.22.09 Sep||68.75||2.69||3.77||121290000||COFORGE.22.09 Sep||3403.95||-4.63||8.5||823650|
|BHEL.22.09 Sep||59.25||2.24||5.52||118702500||MINDTREE.22.09 Sep||3190||-4.58||3.92||2598000|
|Short Covering||Long Unwinding|
|SYNGENE.22.09 Sep||605.85||1.16||-1.36||2110000||M&MFIN.22.09 Sep||200.5||-3.49||-0.57||23228000|
|LUPIN.22.09 Sep||664.1||1.1||-3.49||8686150||GNFC.22.09 Sep||723||-2.55||-0.5||4959500|
|ABBOTINDIA.22.09 Sep||18856.4||0.88||-0.47||33800||HINDALCO.22.09 Sep||432.4||-2.45||-2.32||22962000|
|MRF.22.09 Sep||84514.15||0.26||-0.23||61760||PEL.22.09 Sep||1942.15||-2.32||-27.85||1211100|
|ADANIENT.22.09 Sep||3166||0.22||-0.08||16902000||SBIN.22.09 Sep||515.8||-2.3||-0.89||49852500|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Power Finance Corporatio||118.6||-1.58||7728221||0||69.95||Niftybank||38276.7||-1.82||85767|
|Balkrishna Ind. Ltd||2009.65||-1.85||557397||0||68.27||Nifty it||27678.95||-3.53||85767|
|Indus Towers Limited||197.95||-1.42||1546480||0||67.7||India Vix||19.82||6.96||85767|
|Power Grid Corporation o||227.05||-1.48||5637760||0||65.53||Nifty Fmcg||42933.9||0.39||85767|
|Ultratech Cement Limited||6506.3||-0.17||366457||0||65.5||Nifty Pharma||12545.75||-0.28||85767|
|Upl Limited||750.45||-1.26||1406170||0||65.46||Nifty Realty||447.6||-1.36||85767|
|Oracle Fin Serv Soft Ltd||3154.15||-2.33||170257||0||65.11||Nifty Auto||12886.4||-0.33||85767|
|Asian Paints Limited||3343.25||0.59||1031166||0||64.43||Nifty Metal||5812.25||-1.53||85767|
|Navin Fluorine Internati||4223.5||0.12||108148||0||63.41||Nifty Financial Services||17631.7||-1.69||85767|
UPCOMING ECONOMIC DATA
|INR: RBI Monetary and Credit Information Review on 31st August, 2022
INR: GDP Quarterly (YoY) (Q1) on 31st August, 2022
| USD : JOLTs Job Openings (Jul) on 30th August, 2022
USD : CB Consumer Confidence (Aug) on 30th August, 2022
Benchmark indices ended lower on August 29 with Nifty below 17,350 amid selling across the sectors barring FMCG. At Close, the Sensex was down 861.25 points or 1.46% at 57,972.62, and the Nifty was down 246 points or 1.40% at 17,312.90. About 1414 shares have advanced, 1989 shares declined, and 205 shares are unchanged. Tech Mahindra, Infosys, Wipro, HCL Technologies and TCS were among the major Nifty losers. The gainers included Britannia Industries, Maruti Suzuki, Apollo Hospitals, Nestle India and Asian Paints.
RIL chairman Mukesh Ambani said that the company will launch 5G services in select metro cities by Diwali and aims for full pan-India 5G coverage by December 2023. The company aims to connect small businesses, mom and pop shops and other commercial ventures across the country for business using its 5G services to offer its digital solutions.
Tata Steel signed a Memorandum of Understanding (MoU) with the Government of Punjab for setting up a 0.75 MnTPA long products steel plant with a scrap-based electric arc furnace (EAF).
RITES has secured a new business order with JV partner, for redevelopment of Kollam Railway Station for Rs 361.18 crore from Southern Railway, Ernakulam, Kerala. The share of RITES in the order is 51%.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Meeting Date||Company Name||Purpose||Meeting Date|
|AGARIND||A.G.M.||30-Aug-22||IECEDU||Quarterly Results;Audited Results||30-Aug-22|
|BALTE||General||30-Aug-22||INOXWIND||General;Preferential Issue of shares||30-Aug-22|
|CEINSYSTECH||General;A.G.M.||30-Aug-22||IWEL||General;Preferential Issue of shares||30-Aug-22|
|DJSSS||A.G.M.||30-Aug-22||KEEPLEARN||General;Preferential Issue of shares||30-Aug-22|
|EVEXIA||General||30-Aug-22||KINETICENG||Preferential Issue of shares||30-Aug-22|
|GREENCREST||Stock Split;General||30-Aug-22||MARG||Audited Results||30-Aug-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|AARTECH||30-Aug-22||Dividend Rs. 0.50||PILANIINVS||01-Sep-22||Dividend Rs. 15|
|BENARAS||30-Aug-22||Final Dividend Rs. 10||RPIL||01-Sep-22||Split Rs. 10/- to Rs. 1/-|
|BENGALASM||30-Aug-22||Final Dividend Rs. 15||SOTL||01-Sep-22||Split Rs. 10/- to Rs. 2/-|
|BNALTD||30-Aug-22||Final Dividend Rs. 2||SUPERSHAKT||01-Sep-22||Final Dividend Rs. 1|
|GENUSPOWER||30-Aug-22||Dividend Rs. 0.25||SUPRIYA||01-Sep-22||Final Dividend Rs. 0.60|
|HEIDELBERG||30-Aug-22||Dividend Rs. 9||SURAJ||01-Sep-22||Final Dividend Rs. 1.1|
|JK AGRI||30-Aug-22||Dividend Rs. 1.5||SURYAROSNI||01-Sep-22||Dividend Rs. 4|
|KAKATCEM||30-Aug-22||Dividend Rs. 3||UGARSUGAR||01-Sep-22||Final Dividend Rs. 0.25|
|LAMBODHARA||30-Aug-22||Dividend Rs. 1.5||YAARI||01-Sep-22||Spin Off|
|MANYAVAR||30-Aug-22||Final Dividend Rs. 5||AIAENG||02-Sep-22||Dividend Rs. 9|
|TAMBOLI||30-Aug-22||Dividend Rs. 1||ANURAS||02-Sep-22||Final Dividend Rs. 1|
|BANARISUG||01-Sep-22||Dividend Rs. 10||APLAPOLLO||02-Sep-22||Final Dividend Rs. 3.5|
|GGL||01-Sep-22||Right Issue of Equity Shares||ENGINERSIN||02-Sep-22||Final Dividend Rs. 1|
|GSPL||01-Sep-22||Dividend Rs. 2||GROVY||02-Sep-22||Final Dividend Rs. 0.1|
|INDIAMART||01-Sep-22||Final Dividend Rs. 2||INDOAMIN||02-Sep-22||Final Dividend Rs. 0.5|
|JOINDRE||01-Sep-22||Dividend Rs. 1.25||NIKHILAD||02-Sep-22||Final Dividend Rs. 2|
|KANCHI||01-Sep-22||Dividend Rs. 2.5||QGO||02-Sep-22||Interim Dividend Rs. 0.10|
|LAKSHMIMIL||01-Sep-22||Final Dividend Rs. 25||SHIVTEX||02-Sep-22||Dividend Rs. 1.40|
|NBCC||01-Sep-22||Final Dividend Rs. 0.5||TVSSRICHAK||02-Sep-22||Dividend Rs. 16.30|
|PFC||01-Sep-22||Int. Div. Rs. 2.25||BHARATRAS||05-Sep-22||Final Dividend Rs. 1.5|
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