Morning-Outlook-Feature-Image
Outlook-30-12-2021

NIFTY:

NIFTY opened at 17220.10 without much of a gap. The index first recorded its intraday low at 17285.95 in its early trades and then started moving on the upside. A rally of more than 60 points brought the index to its intraday high at 17285.95 and then the rally fizzled out there. Prices went down and came close to its opening tick. The index consolidated in most of today ‘s trading session and finally closed at 17213.60 near its opening tick wit h a loss of 19.65 points or 0.11% down. The PHARMA and AUTO sectors have outperformed today and closed with a gain of 1.71% & 0.42%. The METAL sector has underperformed today and ended wit h a loss of 1.05%.

It was again a volatile day today where prices have seen multiple sharp moves in both directions. Moreover, the index continued trading narrowly for the second consecutive day and ended with marginal losses. Two days of narrow trading suggests a sharp move is ahead. Since we are long, so, we are hoping that the move should come on the upside. But if prices go otherwise then we should also be considering closing long positions and ta king short positions. The long-term trend is down while the long-term momentum has bounced up from the weak zone and is now heading towards the strength zone.

BANK NIFTY:

BANK NIFTY opened at 35168.85 without much of a gap. The index first rallied and recorded its intraday high at 35378.30. Prices then start€ drifting downwards, saw a slow and steady down move for the whole day. The intraday low was recorded at 34890.80 and the index finally closed at 34941.75 wit h a loss of 237 points. PSU BANKS have underperformed today, led the bears and closed wit ha loss of nearly 1%.PVT BANKS have also closed lower but wit h a loss of just 0.11%.

Within the index, in terms of points, INDUSIND BANK contributed the highest while SBIN contributed the lowest.

Last two days were very narrow. This indicates that a sharp move is ahead. That move can come in either direction. Hence if index started rising tomorrow then we should be looking fora buying opportunity on a breakout above 35500.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
CADILAHC 469 BUY The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be buy above 470 with a stop loss of 463 and for the target of 480.
APOLLOHOSP 4976 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 4980 with a stop loss of 4930 and target  of 5080.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BANKBARODA  80CE BUY 4 CMP 2 8 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HDFC.Dec 30 2567.05 0.03 30.48 7628100 JKCEMENT.Dec 30 3190 -5.71 38.15 175525
BERGEPAINT.Dec 30 754.6 0.04 18.08 2305600 PVR.Dec 30 1257.6 -2.04 2.49 1523808
ULTRACEMCO.Dec 30 7408.25 0.04 21.94 800300 JINDALSTEL.Dec 30 375.25 -2.04 1.87 10340000
HINDUNILVR.Dec 30 2310.7 0.04 7.62 5667300 ICICIPRULI.Dec 30 553.05 -1.84 9.38 2903250
HDFCLIFE.Dec 30 644 0.12 13.48 9853800 SBIN.Dec 30 453.95 -1.73 10.03 50185500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
OBEROIRLTY.Dec 30 863.5 0.07 -0.56 1482600 DALBHARAT.Dec 30 1819.95 -2.71 -12.1 221500
AARTIIND.Dec 30 989.7 0.08 -27.52 667250 SAIL.Dec 30 106.4 -2.3 -10.85 49898750
PERSISTENT.Dec 30 4657.05 0.08 -5.39 310500 ADANIENT.Dec 30 1714.45 -2.26 -2.2 8010000
CUMMINSIND.Dec 30 940.2 0.12 -1.45 816600 IRCTC.Dec 30 846.85 -2.14 -12.98 3986125
BAJFINANCE.Dec 30 6919 0.19 -4.91 1325500 CANFINHOME.Dec 30 553.9 -1.99 -3.65 1725750

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
ICICI Bank Ltd. 735.7 -0.01 7143073 0 74.45 Nifty 50 17213.6 -0.11 77244
Gujarat State Petronet l 294.3 -0.34 184634 0 73.44 Nifty Bank 35045.4 -0.39 77244
Hdfc Ltd. 2563.55 -0.07 1474656 0 70.69 Nifty Metal 5480.55 -1.05 77244
Dr. Reddys Lab Ltd 4833.15 1.88 505604 0 68.5 Nifty Media 2199.8 -0.97 77244
ICICI Lombard General In 1380.2 -0.66 595610 0 67.98 Nifty it 38274.65 -0.22 77244
Acc Limited 2162.65 0.53 203826 0 67.86 India Vix 16.24 -1.46 77241
Indraprastha Gas Limited 479 0.01 1069554 0 67.42 Nifty Fmcg 37028.7 -0.36 77244
Hindustan Unilever Ltd 2306.85 -0.1 1410236 0 65.3 Nifty Energy 22745.35 -0.31 77244
Hdfc Life Insurance Comp 644.75 0.38 1505964 0 63.43 Nifty Realty 483.05 -0.07 77244
Tata Consultancy Serv Lt 3694.7 -0.32 1456923 0 63.03 Nifty Financial Services 17130 -0.28 77244

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Infrastructure Output (YoY) (Nov) on 31st December, 2021

INR: Deposit and Bank Loan Growth Rate on 31st December, 2021

•USD: Initial Jobless Claims on 30th December, 2021

NEWS UPDATES

  • Bajaj Auto Ltd on Wednesday said it will set up an electric vehicle manufacturing facility at Akurdi in Pune with an investment of Rs 300 crore. The facility, for which the work has already commenced, will have the capacity to produce 5,00,000 Electric Vehicles (EVs) per annum and cater to both domestic and exports markets, the company said in a release. The first vehicle from the new unit, spread over half-a-million square feet space, is expected to be rolled out by June 2022. The unit will employ around 800 personnel.

  • State-owned NTPC Limited on Wednesday said it has received around Rs 135 crore as interim dividend from a joint venture company. In a statement, the power giant said this is the second interim dividend paid by NTPC Tamil Nadu Energy Company Limited (NTECL) in the current fiscal.

  • The annual general meeting of leading DTH service provider Dish TV will be held on Thursday, having postponed twice before amid an ongoing fight between Subhash Chandra family-led promoters and its single largest shareholder Yes Bank Ltd (YBL). At its 33rd AGM, Dish TV management is seeking shareholders’ nod for reappointment of Ashok Kurien on the board besides the adoption of financial statement of the company, which is facing a notice from YBL for reconstitution of the board by removing its Managing Director Jawahar Goel and four other directors from the board.

  • Depositors of the RBL Bank Ltd need not worry about the safety of their money as Section 45 of Banking Regulation Act will protect their interests, said a top leader of All India Bank Employees’ Association (AIBEA).

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AGOL General 30-Dec-21 KALPACOMME General 31-Dec-21
GYTRIPA General 30-Dec-21 PATELSAI General 31-Dec-21
JAYATMA Amalgamation 30-Dec-21 TROMBOEXT General 31-Dec-21
LACTOSE General 30-Dec-21 BALGOPAL General 01-Jan-22
MDRNSTL Quarterly Results 30-Dec-21 ASHSI General 03-Jan-22
PETPLST Quarterly Results 30-Dec-21 KGPETRO General 03-Jan-22
PRISMMEDI General 30-Dec-21 KRETTOSYS Bonus issue;In. in Auth. Capital;Stock  Split 03-Jan-22
ROYALCU Audited Results;Scheme of Arrangement 30-Dec-21 MEL General 03-Jan-22
VENUSREM General 30-Dec-21 SHIVAMAUTO General 03-Jan-22
CENLUB General 31-Dec-21 SMLT Interim Dividend 03-Jan-22
CGPOWER General 31-Dec-21 GENNEX General 04-Jan-22
CONTPTR General 31-Dec-21 MUKTA Stock  Split 04-Jan-22
KAARYAFSL General 31-Dec-21 MYSTICELE Stock  Split 04-Jan-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANDHRSUGAR 30-Dec-21 Stock  Split From Rs.10/- to Rs.2/- SEACOAST 30-Dec-21 Stock  Split From Rs.10/- to Rs.1/-
GAIL 30-Dec-21 Interim Dividend – Rs. – 4.0000 TAPARIA 30-Dec-21 Interim Dividend – Rs. – 70.0000
MOIL 30-Dec-21 Buy Back of Shares SDBL 31-Dec-21 Right Issue of Equity Shares
PQIF 30-Dec-21 Stock  Split From Rs.10/- to Rs.2/- VISAGAR 31-Dec-21 E.G.M.
SAHYADRI 30-Dec-21 Interim Dividend – Rs. – 3.0000 QUANTDIA 04-Jan-22 E.G.M.

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