Morning-Outlook-Feature-Image

morning-outlook-30sept

NIFTY:

The NIFTY opened at 16993.60 with a big gap up of 135 points. Initially, the index moved higher but quickly found resistance and turned down after recording its intraday high at 17026.05. Prices have seen a sharp intraday fall. Minor rallies in between turned around quickly, and the index kept on declining. The gap was filled, and prices have recorded its intraday low at 16788.60. The index formed a consolidation towards the end of today’s trading session and finally closed at 16818.10 near its day lows with a loss of 40.50 points or 0.24% down. PHARMA and MEDIA outperformed today and closed higher by more than 1% followed by FMCG which ended 0.89% up. IT and FINANCIAL underperformed today and led the bears. The short-term trend is down. A gap-up opening did not sustain today. We have mentioned a strong support zone around 16800 – 17000. The index has been closing near this zone’s lower end for the past two days. The volatility is still very high and it will increase more tomorrow for the first half as the RBI Policy meet outcome is scheduled tomorrow. We may see a decline in volatility in the second half. As of now, we should wait for prices to find support and form a consoled at on. Till then avoid trading the index.

BANK NIFTY:

The BANK NIFTY opened at 38092.85 with a big gap up of 429 points. The index initially moved up but quickly found resistance and turned down after recording its intraday high at 38283.40. The decline continued for the whole day, prices filled the gap and then went into a process of consolidation. The index recorded its intraday low at 37536.65 and finally closed at 37701.35 without much of a change. PSU BANKS outperformed today and closed with a gain of 1.16%. PVT BANKS have underperformed today and closed lower by 0.21%. Within the index, in terms of points, AU BANK contributed the highest on the upside while ICICIBANK contributed the lowest. A gap-up opening did not sustain today, and prices have seen a sharp intraday fall. It was a trend day today but, on the downside, where prices have recorded its intraday high near the opening tick and intraday low near the closing tick. Support is now visible at around 37000 while resistance is visible at around 39500. The volatility is still very high, and it will increase more tomorrow for the first half as the RBI Policy meet outcome is scheduled tomorrow. We may see a decline in volatility in the second halt. We should wait for this decline to be stopped and then form some kind of consolidation.

 

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE
M&M 1258.35 BUY The stock has been getting reversed on intraday as well as the daily chart. The stock can be bought at 1264 with a stop loss of 1247 and for the target of 1289.
Nestle INDIA 18979.15 BUY The stock has given the breakout on the intraday as well as the daily chart. The stock can be bought at 19093 with a stop loss of 18953 and for the target of 19310.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ASIAN PAINT (27 OCT) 3300 (PE) BUY 81 CMP 65 111 BREAKOUT FAILURE
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ABBOTINDIA.22.09 Sep 19198 5.84 12.2 14720 ASIANPAINT.22.09 Sep 3390.6 -5 7.19 1553800
TORNTPHARM2209Sep 1560.55 4.35 56.61 314000 MINDTREE.22.09 Sep 3092.2 -3.32 15.02 690600
AUBANK.22.09 Sep 604 3.66 1.02 1588000 ADANIENT.22.09 Sep 3455 -2.49 24.28 4256500
HINDALCO.22.09 Sep 371.35 3.25 32.93 10145850 HEROMOTOCO.22.09Sep 2535.75 -2.19 6.27 615600
SRF.22.09 Sep 2557 3.17 8.54 681375 TECHM.22.09 Sep 1006 -2.18 7.26 4734000
                                                                        Short Covering                                                                       Long Unwinding
PVR.22.09 Sep 1762.55 5.82 -12.91 1024012 IDEA.22.09 Sep 8.4 -6.67 -8.87 3.63E+08
TATACHEM.22.09 Sep 1100.5 5.23 -7.58 1414000 AARTIIND.22.09 Sep 734.45 -6.14 -27.49 513400
IRCTC.22.09 Sep 709 5.2 -52.85 1057000 INTELLECT.22.09 Sep 513.15 -4.3 -59.74 186000
POLYCAB.22.09 Sep 2595.35 3.95 -34.15 128400 LALPATHLAB.22.09 Sep 2615 -3.21 -7.61 227750
ZYDUSLIFE.22.09 Sep 382.85 3.75 -1.79 2768400 DEEPAKNTR.22.09 Sep 2006.95 -3.17 -40.77 269500

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Piind 2989.6 0.73 242779 0 76.53 Nifty50 16818.1 -0.24 72423
Pidilite Industries Ltd 2704.2 -2.37 781254 0 75.88 Niftybank 37647.75 -0.3 72423
Rec Limited 94.25 -1.46 8961104 0 74.75 Nifty it 26819.05 -0.92 72423
Larsen & Toubro Limited 1815.5 -1.09 2377605 0 69.51 India Vix 21.3 -3.61 72423
Hcl Technologies Ltd. 923.05 0.24 2928171 0 68.64 Nifty Fmcg 44356.25 0.89 72423
Infosys Limited 1401.5 0.49 6118025 0 68.4 Nifty Pharma 12874.3 1.33 72423
Tata Consultancy Serv Lt 2997.3 -1.26 2492397 0 67.01 Nifty Realty 415.8 0.37 72423
Bharat Electronics Ltd 99.15 0 73962954 0 66.7 Nifty Auto 12497.35 -0.32 72423
Abb Limited 2996.2 -0.45 291252 0 66.68 Nifty Metal 5645.95 0.5 72423
Samvardhana Motherson 105.8 -0.98 31415832 0 65.28 Nifty Financial Services 17123 -0.51 72423

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Interest Rate Decision on 30th September, 2022

INR: RBI MPC Meeting Minutes on 30th September, 2022

 USD: Core PCE Price Index (MoM) (Aug) on 30th September, 2022

USD: ISM Manufacturing PMI (Sep) on 3rd October, 2022

NEWS UPDATES

  • Indian benchmark indices ended lower in the highly volatile session on September 29 ahead of Reserve Bank of India meeting. At Close, Sensex was down 188.32 points or 0.33% at 56,409.96, and the Nifty was down 40.50 points or 0.24% at 16,818.10. About 1775 shares have advanced, 1435 shares declined, and 102 shares are unchanged.

  • IT company HCL Group has acquired a majority stake in vernacular ed-tech platform GUVI which offers technical courses, the company said on Thursday. The IIT Madras and CIIE (IIM Ahmedabad) incubated company, GUVI offers technical courses such as Web Development, AI module, SQL, and various other courses created by industry experts in vernacular languages.

  • Gold rose by Rs 460 to Rs 49,960 per 10 gram in the national capital on Thursday amid a rally in prices of the precious metal in international market, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 49,500 per 10 gram. Silver also rallied by Rs 1,035 to Rs 56,230 per kg.

  • Housing sales have risen 49 per cent year-on-year to 83,220 units in the July-September period across eight major cities on pent up demand, despite rise in interest rates and property prices, according to PropTiger.com.

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

BOARD MEETINGS

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
HERITGFOOD Right Issue of Equity Shares;General 30-Sep-22 ANGELONE Quarterly Results;Interim Dividend 13-Oct-22
INTETHR A.G.M. 30-Sep-22 INFY Quarterly Results;Audited Results;Interim Dividend 13-Oct-22
MACKINN Quarterly Results 30-Sep-22 AMAL General 14-Oct-22
MDRNSTL Quarterly Results 30-Sep-22 BAJAJ-AUTO* Quarterly Results 14-Oct-22
MSUMI Bonus issue 30-Sep-22 SHREECEM Quarterly Results 14-Oct-22
NAYSAA A.G.M. 30-Sep-22 SYSCO General 14-Oct-22
SAGARSOFT Quarterly Results 30-Sep-22 HDFCBANK Quarterly Results 15-Oct-22
SCANPRO A.G.M. 30-Sep-22 ICICIPRULI Quarterly Results;Audited Results 15-Oct-22
FEDDERELEC Quarterly Results;General 01-Oct-22 ICICIGI Audited Results;Interim Dividend 18-Oct-22
GOYALASS General 01-Oct-22 JCHAC Quarterly Results 19-Oct-22
TTFL General 01-Oct-22 MAHSCOOTER Quarterly Results 19-Oct-22
ANURAS General 03-Oct-22 NAVINFLUOR Quarterly Results;Interim Dividend 19-Oct-22
DHANADACO General 03-Oct-22 NESTLEIND Quarterly Results 19-Oct-22
GETALONG General 03-Oct-22 PERSISTENT Quarterly Results;General 19-Oct-22
HDIL Quarterly Results;Audited Results 03-Oct-22 BAJFINANCE Quarterly Results 20-Oct-22
NYKAA Bonus issue 03-Oct-22 LAXMIMACH Quarterly Results 20-Oct-22
ROJL General 03-Oct-22 MPHASIS Quarterly Results 20-Oct-22
SARDAPPR Preferential Issue of shares;General 03-Oct-22 UTIAMC Quarterly Results 20-Oct-22
HALDYNGL General 04-Oct-22 BAJAJFINSV Quarterly Results 21-Oct-22
MEGACOR General 04-Oct-22 BAJAJHLDNG Quarterly Results 21-Oct-22
PULSRIN Increase in Authorised Capital;General 04-Oct-22 JSWSTEEL Quarterly Results 21-Oct-22
PUNITCO Increase in Authorised Capital;Bonus issue 04-Oct-22 RKFORGE Quarterly Results;General;Interim Dividend 21-Oct-22
SIPTL Right Issue of Equity Shares 04-Oct-22 ICICIBANK Quarterly Results 22-Oct-22
THINKINK Issue Of Warrants;General 04-Oct-22 IDFCFIRSTB Quarterly Results 22-Oct-22
YUG General 04-Oct-22 DABUR Quarterly Results;Interim Dividend 26-Oct-22
MANGIND General 06-Oct-22 DRREDDY Quarterly Results 28-Oct-22
CRSTCHM General 07-Oct-22 TTKPRESTIG Quarterly Results 04-Nov-22
NETTLINX General 07-Oct-22 ENDURANCE Quarterly Results 07-Nov-22
WARDINMOBI Right Issue of Equity Shares;Rights Issue;General 07-Oct-22 CENTRUM Quarterly Results 10-Nov-22
GLCL Quarterly Results;Audited Results 10-Oct-22 PRSMJOHNSN Quarterly Results 10-Nov-22
MEFCOMCAP Stock  Split 10-Oct-22 ABB Quarterly Results 11-Nov-22
GMBREW Quarterly Results 11-Oct-22 NIRLON Quarterly Results 11-Nov-22
SUPREMEINF Quarterly Results 11-Oct-22 SONALAD Quarterly Results 14-Nov-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
INSECTICID 30-Sep-22 Bonus issue 1:2 SPAL 06-Oct-22 Buy Back of Shares
MAXIMUS 30-Sep-22 Stock  Split From Rs.10/- to Rs.1/- ANSHNCO 07-Oct-22 Bonus issue 4:1
JONJUA 03-Oct-22 Bonus issue 4:23 RUCHIRA 07-Oct-22 Bonus issue 1:10
MOTHERSON 03-Oct-22 Bonus issue 1:2 UNICK 10-Oct-22 E.G.M.
SUZLON 03-Oct-22 Right Issue of Equity Shares GREENCREST 12-Oct-22 Stock  Split From Rs.10/- to Rs.1/-
YUG 03-Oct-22 Bonus issue 1:2 KAARYAFSL 12-Oct-22 Bonus issue 1:1
LEHAR 04-Oct-22 E.G.M. NIKHILAD 12-Oct-22 Stock  Split From Rs.10/- to Rs.1/-
MLINDLTD 04-Oct-22 Bonus issue 6:1 ANGELONE 20-Oct-22 Interim Dividend
MLINDLTD 04-Oct-22 Final Dividend – Rs. – 0.5000 JAICORPLTD 20-Oct-22 Dividend – Rs. – 0.5000
ACCELYA 06-Oct-22 Final Dividend – Rs. – 45.0000 VGIL 20-Oct-22 Final Dividend – Rs. – 0.2000
AHLEAST 06-Oct-22 Bonus issue 1:2 ICICIGI 27-Oct-22 Interim Dividend
AHLEAST 06-Oct-22 Spin Off PGHH 04-Nov-22 Final Dividend – Rs. – 65.0000
INDINFR 06-Oct-22 Income Distribution (InvIT) GILLETTE 10-Nov-22 Final Dividend – Rs. – 36.0000

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