Morning-Outlook-Feature-Image

morning-outlook-30june

NIFTY:

Nifty opened at 15701.70 With a big gap down of 149 points. The index initially moved down but found strong intraday support around 15700 and bounced up. The index recorded its intraday low at 15687.80 and saw a sharp rally that filled the down gap. Minor dips in between were quickly bought into and prices have kept increasing. The index recorded its intraday high at 15861.60 and moved down for the last hour of trading. Prices have finally closed at 15799.10 with a loss of 51.10 points or 0.32% down. OIL GAS again outperformed today, led the bulls, and ended with a gain of more than 1%. FMCG, IT, BANK, and FINANCIAL have underperformed today and ended with a loss of more than 1%.

The index is trading very narrowly for the past three trading days and locked itself in a narrow range of 240 points. This range should resolve very soon and we should take a trade in the breakout direction.

BANK NIFTY:

Bank Nifty opened at 33273.55 With a big gap down of 419 points. The index initially continued moving lower but soon finds support at 33200 and bounced up after recording its intraday low at 33185.25. A rally faces resistance very quickly and the index begins a process of consolidation Prices have recorded its intraday high at 33422.80 and finally closed at 33239.25 with a loss of 453 points. PVT and PSU BANKS both have performed almost the same today, saw a down move, and ended with a loss of 1.12% & 0.90% respectively. Within the index, in terms of points, PNB contributed the highest on the upside while AXIS BANK contributed the lowest.

The short-term trend is sideways. The Index again opened with a gap down which is sustained today. However, prices did not add on the downside and moved in a narrow range throughout the day. These narrow range days indicate a sharp move. we will not take trade as direction is not clear yet. We will take trade after any price action.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
TATASTEEL 881 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  with a stop loss of 868 and for the target of  900.
INDIAMART 3910 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  3910 with a stop loss of 3950 and target of 3800.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BHARTIARTL 680 CE BUY 5.5 CMP 1 10 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CANFINHOME.22.Jun 432.2 0.01 5.74 2084550 ESCORTS KUBOTA 1442 -5.58 7.24 1571350
ITC.22.06 Jun 272.15 0.24 2.18 40550400 HDFCLIFE.22.06 Jun 539 -4.73 17.29 9176200
ULTRACEMCO.22 Jun 5582.9 0.26 24.18 1345400 INDIAMART.22.06 Jun 3919.85 -4.02 15.05 150225
SIEMENS.22.06 Jun 2392.7 0.31 20.98 531300 NAUKRI.22.06 Jun 3757.45 -3.93 2.49 540250
POWERGRID.22.06 Jun 211 0.33 14.51 34211195 BANDHANBNK.22.06 Jun 266.2 -3.67 23.42 16524000
                                                                        Short Covering                                                                       Long Unwinding
IDFC.22.06 Jun 49.85 0.1 -5.79 37240000 MFSL.22.06 Jun 771.9 -5.59 -15.95 921700
CUB.22.06 Jun 137.2 0.11 -3.13 3791000 RBLBANK.22.06 Jun 84.35 -5.49 -15.84 18217800
BSOFT.22.06 Jun 371.65 0.3 -3.98 1504100 IBULHSGFIN.22.06 Jun 97.5 -4.88 -32.78 9389900
ASHOKLEY.22.06 Jun 145.55 0.31 -7.62 13806000 AUBANK.22.06 Jun 590 -4.78 -8.3 2507000
GRANULES.22.06 Jun 276.2 0.47 -9.42 2489300 JUBLFOOD.22.06 Jun 510.35 -4.69 -9.31 2040000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Lombard General In 1111.6 -0.59 392085 0 81.68 Nifty50 15799.1 -0.32 77295
Sun Pharma  Ltd 838.7 1.22 2975927 0 71.84 Niftybank 33269.9 -1.11 77295
Kotak Mahindra Bank Limi 1642.45 -1.58 2932830 0 67.87 Nifty it 28140.1 -1.29 77295
Hdfc Ltd. 2177.15 -0.17 2137621 0 66.88 India Vix 21.9 2.1 77295
Colgate Palmolive (india 1492 -1.47 247598 0 66.42 Nifty Fmcg 37688.35 -1.27 77295
Havells India Limited 1098.6 -0.72 933631 0 66.22 Nifty Pharma 12210.95 -0.03 77295
Axis Bank Limited 625.55 -2.62 13620084 0 64.77 Nifty Realty 389.95 0.22 77295
Infosys Limited 1463.25 -1.14 5060038 0 64.74 Nifty Auto 11850.5 0.15 77295
Ambuja Cements Ltd 365.5 -0.26 4586257 0 64.08 Nifty Metal 4755.4 0.24 77295
Larsen & Toubro Limited 1547.9 -0.23 1480197 0 62.78 Nifty Financial Services 15409.35 -0.96 77298

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  Federal Fiscal Deficit (May) on 30thJune, 2022

INR:  Infrastructure Output (YoY) (May) on 30thJune, 2022

•USD:  OPEC Meeting  on 30th June, 2022

•USD:  Initial Jobless Claims on 30th June, 2022

NEWS UPDATES

  • Reliance The country’s largest dry cell battery maker, Eveready Industries India, is charting out a roadmap focused on growth and profitability, combined with the “highest” degree of good corporate governance, in order to take it to new heights. Addressing shareholders, Suvamoy Saha, managing director, who was elected to chair the annual general meeting (AGM), said that the company was now on a journey towards higher reaches and was in the midst of a transformation that provides the roadmap.
  • Leading multiplex chain operator PVR expects the movie exhibition industry to bounce back “dynamically” in FY23 and plans to open as many as 125 screens during the year, its highest ever tally in a year. According to the company’s latest annual report, PVR, which is merging with rival Inox Leisure, expects the process to be completed this fiscal.
  • Tata Technologies Ltd on Wednesday said it has joined the Foxconn-initiated MIH Consortium to promote development of sustainable mobility solutions and encourage collaboration within the industry. The MIH (Mobility In Harmony Consortium) comprises more than 2,300 members in the field of software, hardware, and services.
  • The Cabinet has approved the deregulation of the sale of domestically-produced crude oil, Union Minister Anurag Thakur announced on Wednesday. From October 1, condition in Production Sharing Contracts (PSC) to sell crude oil to the government or its nominee or government companies will be waived. This essentially means producers will be free to sell oil from their fields in the domestic market.
Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BFLAFL General 30-Jun-22 RAJOIL A.G.M. 30-Jun-22
COASTCORP General;Rights Issue 30-Jun-22 RECLTD Bonus issue 30-Jun-22
CONTCHM General 30-Jun-22 SDC Audited Results 30-Jun-22
FEDERALBNK General 30-Jun-22 SHREMETAL General 30-Jun-22
HINDCOPPER Preferential Issue of shares;General 30-Jun-22 SREEJAYA A.G.M. 30-Jun-22
MMTC Audited Results 30-Jun-22 SRIKPRIND General 30-Jun-22
NAGREEKCAP General 30-Jun-22 SUPERHOUSE General 30-Jun-22
NAGREEKEXP General 30-Jun-22 TEEAI General 30-Jun-22
PALRED General 30-Jun-22 XOINFO General 30-Jun-22
PARAGMILK Audited Results;General 30-Jun-22 MERMETL General 01-Jul-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AAL 30-Jun-22 Final Dividend – Rs. – 1.50 NAM-INDIA 30-Jun-22 Final Dividend – Rs. – 7.50
BAJAJ-AUTO 30-Jun-22 Dividend – Rs. – 140.00 NUCLEUS 30-Jun-22 Final Dividend – Rs. – 7.00
BAJAJFINSV 30-Jun-22 Dividend – Rs. – 4.00 PAISALO 30-Jun-22 Stock  Split From Rs.10/- to Rs.1/-
BAJAJHLDNG 30-Jun-22 Final Dividend – Rs. – 25.00 PTL 30-Jun-22 Dividend – Rs. – 2.00
BAJFINANCE 30-Jun-22 Dividend – Rs. – 20.00 QUESTCAP 30-Jun-22 Final Dividend – Rs. – 2.50
BIOCON 30-Jun-22 Final Dividend – Rs. – 0.50 RATNAMANI 30-Jun-22 Bonus issue 1:2
EKI 30-Jun-22 Bonus issue 3:1 RAYMOND 30-Jun-22 Final Dividend – Rs. – 3.00
ESCORTS 30-Jun-22 Dividend – Rs. – 7.00 SURYAAMBA 30-Jun-22 Final Dividend – Rs. – 1.00
GANDHITUBE 30-Jun-22 Final Dividend – Rs. – 10.00 SWARAJENG 30-Jun-22 Dividend – Rs. – 80.00
IOC 30-Jun-22 Bonus issue 1:2 SYNGENE 30-Jun-22 Final Dividend – Rs. – 0.50
LTI 30-Jun-22 Dividend – Rs. – 30.00 SYNGENE 30-Jun-22 Special Dividend – Rs. – 0.50
MAHSCOOTER 30-Jun-22 Final Dividend – Rs. – 80.00 WELENT 30-Jun-22 Final Dividend – Rs. – 1.50

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