Morning-Outlook-Feature-Image

Morning-outlook-3aug

NIFTY:

Today, the NIFTY opened at 17310.15 with a gap down 30 points. The index initially moved up, filled the gap, and then moved down below. Opening tick to record its intraday low at 17215.85. Prices find support there and then begin a process of consolidation till the afternoon. The consolidation broke on the upside after lunch and prices have seen a sharp intraday day rally to record their intraday high that 17390.15. The index found strong resistance there and saw a sharp dip in the last 30 minutes of trading and finally closed at 17345.45 almost yesterday Closing price with a gain of just 5.40 points or 0.03% up. FMCG and AUTO outperformed today and closed with gains of over half percent. REALTY underperformed today and ended with a loss of 1.69%   followed which ended 0.67% down. A pattern of DOJI is now visible on the daily timeframe chart. The pattern appears when the opening and closing tick are almost the same. This pattern indicates confusion amongst traders which should resolve soon. The short-term trend is up and there is no doubt as prices are making a bullish pattern of lower highs and lower lows. Support is now visible at around 17000. While resistance may emerge around the 17300 – 17400 zone. Prices have reached this zone and are finding it difficult to cross above. So we need to see if this resistance holds. Fresh trade should emerge either on a dip or if the index again consolidated and formed a narrow trading range

BANK NIFTY:

Today, the BANK NIFTY opened at 37767.70 with a gap down of 100 points. The index initially moved up, filled the gap, and then again turned down to record its intraday low at 37632.30. Prices then bounced up and saw a sharp intraday rally to record their intraday high at 38179.85. The index faces resistance there and again moved down in the last 30 minutes of trading to finally close at 37876.30 with a gain of just 9 points. PSU BANKS have significantly outperformed today and closed with a gain of 2.68% PVT BANKS have also moved up today but ended with a gain of just 0.39. Within the indexes in terms of points, SBIN contributed the highest on the upside while HDFC BANK contributed the lowest. As of now, we do not have an adequate setup to trade so we will avoid trading the index. Fresh trade should emerge either after a dip or if the index consolidates for a few trading days and formed a narrow trading range.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE
MINDA CORP 236.75 BUY After a sharp upside rally, the stock consolidated and it’s showing a breakout towards the upside. One should buy @CMP for the target of 243.70 with SL of 230.
DLF 376.65 SELL Short term trend of the stock is up but now it showing some selling pressure after a sharp upside rally. One should sell @CMP for the target of 369.75 with SL of 379.80.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
NATIONAL ALUMINIUM (CE) 80 BUY 2.70 CMP 2.35 3.40 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MFSL.22.08 Aug 848.95 -3.58 -2.51 1613950 ESCORTS LIMITED.2 1596.1 -6.5 7.88 2958450
BSOFT.22.08 Aug 334.65 -2.89 -2.74 4518800 FSL.22.08 Aug 103.75 -5.21 37.54 22750000
OBEROIRLTY.22.08Aug 918.8 -1.94 -1.97 5258400 UPL.22.08 Aug 738.6 -4.52 2.99 23814700
PERSISTENT.22.08 Aug 3621 -1.42 -2.55 660000 ASHOKLEY.22.08 Aug 148.7 -4.22 9.49 44830000
VEDL.22.08 Aug 253.5 -1.36 -0.99 41732200 GAIL.22.08 Aug 142.15 -3.89 12.95 30115700
                                                                        Short Covering                                                                       Long Unwinding
CANBK.22.08 Aug 233.5 3.11 -2.87 39409200 MFSL.22.08 Aug 848.95 -3.58 -2.51 1613950
SHREECEM.22.08 Aug 21046 1.81 -0.16 282325 BSOFT.22.08 Aug 334.65 -2.89 -2.74 4518800
IOC.22.08 Aug 69.9 1.16 -1.5 66631500 OBEROIRLTY.22.08 Aug 918.8 -1.94 -1.97 5258400
CHOLAFIN.22.08 Aug 746.65 1.15 -2.41 7911250 PERSISTENT.22.08 Aug 3621 -1.42 -2.55 660000
HONAUT.22.08 Aug 41149.95 1.05 -0.71 14745 VEDL.22.08 Aug 253.5 -1.36 -0.99 41732200

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Crompton Greaves Consume 399.05 0.03 1791623 0 79.79 Nifty50 17345.45 0.03 81471
Power Grid Corporation o 222.6 1.67 13311561 0 73.92 Niftybank 38024 0.32 81471
Icici Lombard General In 1241.9 0.9 510629 0 69.59 Nifty it 29024.65 -0.67 81471
Hdfc Bank Ltd. 1430.25 -1.1 7518255 0 68.59 India Vix 18.53 6.01 81471
Atul Ltd. 9148.7 0.07 22428 0 65.12 Nifty Fmcg 42798.5 0.64 81471
United Breweries Limited 1607.8 -0.6 277200 0 63.02 Nifty Pharma 12780.4 0.11 81471
Sbi Cards And Payment Se 941.8 -0.25 738627 0 62.63 Nifty Realty 445 -1.69 81471
Hcl Technologies Ltd. 951.05 -0.12 2545241 0 62.38 Nifty Auto 13023.65 0.54 81471
Cummins India Limited 1198.3 -2.01 418124 0 62.34 Nifty Metal 5563.45 -0.26 81471
Abb Limited 2759.55 0.51 366158 0 61.61 Nifty Financial Services 17538.8 -0.26 81471

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  Nikkei Services PMI (Jul) on 3rd August, 2022

INR:  RBI Interest Rate Decision on 5th August, 2022

•USD:  Crude Oil Inventories on 3rd August, 2022

•USD:  ISM Non-Manufacturing PMI (Jul) on 3rd August, 2022

NEWS UPDATES

  • Richest Indian Gautam Adani’s group on Tuesday said the Rs 212 crore worth of spectrum it has bought in a millimetre wave band will be used to create a private network to support its businesses and data centres. Adani Data Networks Ltd (ADNL), a unit of Adani Enterprises Ltd, acquired the right to use 400MHz of spectrum in the 26GHz millimetre wave band for 20 years in the auction that concluded on Monday. Adani Group plans to use the airwaves for its data centres as well as the super app it is building to support businesses from electricity distribution to airports, and gas retailing to ports.

  • Wheels India on Tuesday reported a 6 per cent rise in net profit at Rs 10.7 crore for the first quarter of Financial Year 2022-23, compared to Rs 10.1 crore same time last year. The wheelmaker’s revenue for the April to June quarter increased to Rs 1057.1 crore, compared to Rs. 675.1 crore in the same quarter last year.

  • Godrej Properties on Tuesday said its June quarter consolidated net profit nearly tripled to Rs 45.55 crore while sales bookings jumped five times to Rs 2,520 crore. The Mumbai-based developer announced that company’s Managing Director (MD) and Chief Executive Officer (CEO) Mohit Malhotra has resigned with effect from December 31 this year.

  • Consumption of fast-moving consumer goods (FMCG) like packaged foods, beverages, and toiletries revived in the April-June quarter in urban markets but was negative in rural India as people opted for smaller packs, said NielsenIQ on Tuesday. Overall volumes recovered to -0.7 per cent from -4.1 per cent in the quarter ended March. The FMCG market grew 10.9 per cent in the quarter ended June compared to 6 per cent in the January-March quarter.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ABCAPITAL Quarterly Results 03-Aug-22 KEC Quarterly Results 03-Aug-22
ADANIPOWER Quarterly Results 03-Aug-22 KIOCL Quarterly Results 03-Aug-22
ADANITRANS Quarterly Results 03-Aug-22 LUPIN General;Quarterly Results 03-Aug-22
ANANTRAJ Quarterly Results 03-Aug-22 MONTECARLO Quarterly Results 03-Aug-22
AWL Quarterly Results 03-Aug-22 MRO-TEK A.G.M.;Quarterly Results 03-Aug-22
BASF Quarterly Results 03-Aug-22 MTCL Right Issue of Equity Shares;General 03-Aug-22
BLISSGVS General;Quarterly Results 03-Aug-22 NCLRESE General 03-Aug-22
BSOFT Quarterly Results 03-Aug-22 NEULANDLAB Quarterly Results 03-Aug-22
CHAMBLFERT Quarterly Results 03-Aug-22 ONMOBILE Quarterly Results 03-Aug-22
CLEDUCATE* Quarterly Results 03-Aug-22 PANAENERG Quarterly Results 03-Aug-22
COROENGG Quarterly Results 03-Aug-22 PARAS Quarterly Results 03-Aug-22
DEVYANI Quarterly Results 03-Aug-22 PIIND Quarterly Results 03-Aug-22
FSL Quarterly Results 03-Aug-22 PRSMJOHNSN Quarterly Results 03-Aug-22
GENUSPOWER Dividend;Quarterly Results 03-Aug-22 RADIOCITY Quarterly Results 03-Aug-22
GODREJCP Quarterly Results 03-Aug-22 REDINGTON Quarterly Results 03-Aug-22
GPPL General;Quarterly Results 03-Aug-22 SANDHAR General;Quarterly Results 03-Aug-22
GUJCRAFT General;Quarterly Results 03-Aug-22 SATIA Quarterly Results 03-Aug-22
GUJGAS Quarterly Results 03-Aug-22 SPECIALITY Quarterly Results 03-Aug-22
GULFOILLUB Quarterly Results 03-Aug-22 TAJGVK Quarterly Results 03-Aug-22
HYPERSOFT Quarterly Results 03-Aug-22 TATACOFFEE Quarterly Results 03-Aug-22
IDEA Quarterly Results 03-Aug-22 TCIEXP Quarterly Results 03-Aug-22
INDIGO Quarterly Results 03-Aug-22 TRIVENI Quarterly Results 03-Aug-22
INOXLEISUR General;Quarterly Results 03-Aug-22 UFO Quarterly Results 03-Aug-22
JINDALPHOT Quarterly Results 03-Aug-22 YASHO Quarterly Results 03-Aug-22
JMCPROJECT General;Quarterly Results 03-Aug-22 ZUARI Quarterly Results 03-Aug-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANUHPHR 03-Aug-22 Final Dividend – Rs. – 1.7500 AVANTI 04-Aug-22 Dividend – Rs. – 6.2500
ANURAS 03-Aug-22 Interim Dividend – Rs. – 0.40 BATAINDIA 04-Aug-22 Dividend – Rs. – 4.00
CHORDIA 03-Aug-22 Spin Off BATAINDIA 04-Aug-22 Special Dividend – Rs. – 50.50
COFORGE 03-Aug-22 Interim Dividend – Rs. – 13.00 BAYERCROP 04-Aug-22 Final Dividend – Rs. – 25.00
DISAQ 03-Aug-22 Final Dividend – Rs. – 10.00 BHAGCHEM 04-Aug-22 Final Dividend – Rs. – 2.00
EKENNIS 03-Aug-22 Final Dividend – Rs. – 1.00 CHEVIOT 04-Aug-22 Final Dividend – Rs. – 60.00
ESABINDIA 03-Aug-22 Final Dividend – Rs. – 20.00 CRISIL 04-Aug-22 Interim Dividend – Rs. – 8.00
GREAVESCOT 03-Aug-22 Final Dividend – Rs. – 0.20 DELTACORP 04-Aug-22 Final Dividend – Rs. – 1.2500
IRBINVIT 03-Aug-22 Income Distribution (InvIT) ELGIEQUIP 04-Aug-22 Final Dividend – Rs. – 1.1500
KIRLOSENG 03-Aug-22 Final Dividend – Rs. – 2.50 FERMENTA 04-Aug-22 Final Dividend – Rs. – 1.2500
MARUTI 03-Aug-22 Final Dividend – Rs. – 60.00 GUJHOTE 04-Aug-22 Final Dividend – Rs. – 2.00
SHETR 03-Aug-22 Interim Dividend – Rs. – 0.50 JKLAKSHMI 04-Aug-22 Final Dividend – Rs. – 5.00
VICTMILL 03-Aug-22 Final Dividend – Rs. – 50.00 KOLTEPATIL 04-Aug-22 Final Dividend – Rs. – 2.00
7TEC 04-Aug-22 Interim Dividend – Rs. – 1.00 KOPRAN 04-Aug-22 Final Dividend – Rs. – 3.00
ADFFOODS 04-Aug-22 Final Dividend – Rs. – 4.00 KPT 04-Aug-22 Final Dividend – Rs. – 1.00
AKCAPIT 04-Aug-22 Final Dividend – Rs. – 3.00 LLOYDSME 04-Aug-22 Final Dividend – Rs. – 0.50
ALFREDHE 04-Aug-22 Dividend – Rs. – 3.00 LLOYDSTEEL 04-Aug-22 Final Dividend – Rs. – 0.0500
AMJLAND 04-Aug-22 Dividend – Rs. – 0.20 MATRIMONY 04-Aug-22 Final Dividend – Rs. – 5.00
ANDHRAPAP 04-Aug-22 Final Dividend – Rs. – 7.50 MERMETL 04-Aug-22 Right Issue of Equity Shares
APARINDS 04-Aug-22 Dividend – Rs. – 15.00 MINDTECK 04-Aug-22 Dividend – Rs. – 1.00

 

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