Morning-Outlook-Feature-Image
Outlook

NIFTY:

Nifty opened at 17297.20 with a gap up of 75 points. The index slowly drifted downwards in a sideways manner and recorded its intraday low at  17235.70. The index repeatedly found intraday support around 17250 in the first half and finally broke out. Prices have rallied almost 100 points and recorded its intraday high at 17343.65. The index finally closed at 17325.30 near its intraday highs w it h a ga in of 103.30 points or 0.60% up. The PHARMA and FINANCIAL outperformed today and closed with a gain of more than 1%.MEDIA and OIL GAS underperformed today and closed wit h a loss. FMCG and AUTO ended almost on a flat note.

It was a narrow range day today where prices have moved within a range of just 108 points and ended with a gain. A trading range inside 17000 – 17500 remained intact so far. Today’s narrow range indicates a sharp move is ahead. Since the short-term trend is up, we assume that the move may come on the upside. The short­ term uptrend will remain up as far as prices are trading above the support around 17000. Prices have been locked within the range for the last eight trading days and the range appeared after a sharp upside move of more than 11% from its swing lows. We may see a breakout soon here.

BANK NIFTY:

BANK NIFTY opened at 35931.55 with a gap up of 182 points. The index moved down from the beginning, filled the gap and moved down further to record its intraday low at 35506.55. Prices then bounced up and came close to its early morning and intraday highs recorded at 35977.20. The index finally closed at 35923.90 wit h a gain of 174 points. PSU and PVT BANKS both indices have performed well today, saw an upside move and closes wit h a gain of 1.22% & 0.70% respectively.

A trading range inside 35500 – 36500 remained intact and prices have repeatedly found support around 35500 from the last four trading days. We may see a breakout soon here.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
NAUKRI 4493 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 4450 and for the target of 4570.
ZEE 285 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 284 with a stop loss of 288 and target  of 280.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SUNPHARMA 920 CE BUY 4.55 CMP 1 10 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GAIL.Mar 31 152.85 0.1 12.38 27639100 HEROMOTOCO.Mar 31 2222.85 -6.89 5.33 2015700
MIDCPNIFTY.Mar 29 7196.3 0.14 18.18 975 GSPL.Mar 31 253.1 -2.45 0.34 2031500
DABUR.Mar 31 517.45 0.15 9.48 9541250 AUROPHARMA.Mar 31 694.95 -2.02 5.25 9284250
TITAN.Mar 31 2547.2 0.25 4.97 3681000 CONCOR.Mar 31 649.55 -1.88 4.61 4299200
TATACONSUM.Mar 31 744.4 0.34 6.42 6511725 STAR.Mar 31 352.8 -1.66 0.42 3004200
                                                                        Short Covering                                                                       Long Unwinding
UPL.Mar 31 784 0.06 -8.15 10800400 ONGC.Mar 31 171.1 -2.98 -4.86 30723000
ABCAPITAL.Mar 31 107.75 0.14 -5.62 9746000 COALINDIA.Mar 31 186.25 -2.79 -10.73 23419200
APLLTD.Mar 31 764.1 0.16 -7.03 1360100 ZEEL.Mar 31 282.95 -2.53 -0.85 33006000
ASHOKLEY.Mar 31 114.65 0.17 -18.9 22014000 IDEA.Mar 31 9.85 -2.48 -8.74 4.17E+08
HINDALCO.Mar 31 629.8 0.18 -1.51 25076525 L&TFH.Mar 31 82.7 -2.13 -41.74 16866360

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Honeywell Auto India Ltd 38964.9 0.95 4721 0 76.72 Nifty50 17325.3 0.6 77730
Gmr Infrastructure Limit 36.7 2.23 16891895 0 75.33 Niftybank 35847.4 0.38 77730
United Spirits Limited 859.6 -1.43 1498901 0 69.82 Nifty it 36146.75 0.34 77730
Hdfc Ltd. 2337.35 3.05 3202852 0 68.44 India Vix 21.3 -5.79 77730
Marico Limited 482.5 1.64 861768 0 68 Nifty Fmcg 35640.15 -0.05 77730
Hcl Technologies Ltd. 1167.7 0.32 2443230 0 67.42 Nifty Pharma 13771.4 1.54 77730
Torrent Pharma Ltd. 2809.9 2.99 265373 0 67.09 Nifty Realty 455.4 0.98 77730
Aarti Industries Ltd. 922.35 1.63 710079 0 66.73 Nifty Psu Bank 2714.2 -0.83 77730
United Breweries Limited 1407.45 -0.66 276278 0 66.49 Nifty Auto 10416.25 -0.05 77730
Power Grid Corporation o 211.3 -0.47 7852887 0 63.27 Nifty Metal 6571.85 0.19 77730
Grasim Ind Ltd. 1623.7 0.79 1737040 0 62.69 Nifty Media 2307.95 -1.22 77730

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (Feb) on 31th March, 2022

INR: Infrastructure Output (YoY) (Feb) on 31st Match, 2022

•USD:  ADP Nonfarm Employment Change (Mar) on 30th March, 2022

•USD:  GDP (QoQ) (Q4) on 30th March, 2022

NEWS UPDATES

  • Alembic Pharmaceuticals has acquired the balance 40 per cent stake in Aleor Dermaceuticals from its joint venture partner Orbicular Pharma for an undisclosed sum. The move is aimed at strengthening its skin-related manufacturing and marketing footprint.
  • L&T Technology Services (LLTS), the pure play engineering services unit of the L&T Group is betting big on Meta. The company is setting up a Centre of Excellence for Metaverse as well as creating a business unit for Meta. The CoE will be launched by July-August. Amit Chadha, CEO & MD, LTTS shared that while the Coronavirus (Covid-19) pandemic accelerated digital transformation of the business across the globe, the confluence of 5G, digital products, AI and digital manufacturing is finally merging the physical and digital to create a plausible phygital universe.
  • Coal India Ltd is set to post its highest-ever production during the 2021-22 fiscal, topping the 620-million-tonne mark and bucking two years of a declining streak of annual output, a company official said. The miner’s production for the current fiscal stood at 614.4 million tonnes as of March 28.
  • Ruchi Soya on Tuesday announced on Tuesday that the Board meeting to determine issue price, anchor investor issue price of FPO has been rescheduled to March 31. Shares of Ruchi Soya surged on Tuesday after the company, through newspaper advertisements, clarified that the SMSes pertaining to investments in its follow-on public offering (FPO) have not been issued by the company or its promoters.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
3MINDIA General 30-Mar-22 ASIACAP General 31-Mar-22
INANI General 30-Mar-22 BHARATAGRI General 31-Mar-22
JINDCAP General 30-Mar-22 BMW Interim Dividend 31-Mar-22
KREONFIN General 30-Mar-22 CITYONLINE General 31-Mar-22
LELAVOIR General 30-Mar-22 CRESSAN Issue Of Warrants 31-Mar-22
LLOYDSME General 30-Mar-22 CRSTCHM General 31-Mar-22
MEWATZI General 30-Mar-22 EASEMYTRIP General 31-Mar-22
MRCEXIM General 30-Mar-22 EASTRED General 31-Mar-22
PARSHINV General 30-Mar-22 GAIL Buy Back of Shares;General 31-Mar-22
SCANPGEOM General 30-Mar-22 GIANLIFE Bonus issue;General 31-Mar-22
SEJAL General 30-Mar-22 KHAITANLTD General 31-Mar-22
SUPRAP General 30-Mar-22 KINGSINFR General 31-Mar-22
ZDHJERK General 30-Mar-22 MARIS General 31-Mar-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
7NR 30-Mar-22 Stock  Split From Rs.10/- to Rs.1/- NEPTEXP 30-Mar-22 Amalgamation
AMBUJACEM 30-Mar-22 Final Dividend – Rs. – 6.3000 NGIL 30-Mar-22 Right Issue of Equity Shares
CRISIL 30-Mar-22 Final Dividend – Rs. – 15.0000 NORTHPR 30-Mar-22 Amalgamation
CRISIL 30-Mar-22 Special Dividend – Rs. – 7.0000 SBICARD 30-Mar-22 Interim Dividend – Rs. – 2.5000
DHAMPURSUG 30-Mar-22 Interim Dividend – Rs. – 6.0000 TEATIME 30-Mar-22 Amalgamation
GILADAFINS 30-Mar-22 Stock  Split From Rs.10/- to Rs.5/- FLUOROCHEM 31-Mar-22 Interim Dividend – Rs. – 2.0000
GILADAFINS 30-Mar-22 Bonus issue 1:1 ACC 04-Apr-22 Final Dividend – Rs. – 58.0000
MAKERSL 30-Mar-22 Right Issue of Equity Shares KAMAHOLD 04-Apr-22 Interim Dividend – Rs. – 111.0000

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