Morning-Outlook-Feature-Images
Outlook-03-12-2021

NIFTY:

Nifty opened at 17183.20 with a gap up of 17 points, the index recorded its intraday low at 17149.30 and then started moving on the upside, prices have seen a sharp intraday rally of more than 250 points from its intraday low to records its intraday high at 17420.35 minor dip in between were quickly bought into , the index kept on moving throughout the days and finally closed at 17401.65 near its intraday high wit gain of 234.75 points or 1.37% up.  IT led the bulls today and ended with a gain of more than 2%. METAL and MEDIA also did well today and ended with a gain of more than 1.50%.

The benchmark index of volatility INDIA VIX’ is now trading around the 18 levels. This suggests that the volatility has started cooling off. The short-term trend is changing to sideways which was down before, Both the momentums have now started contradicting each other suggests confusion amongst the traders. Volatility has started Colling off. We should look for a trading opportunity according to the market momentum.

BANK NIFTY:

Bank Nifty opened at 36281.85 with a gap down of 103 points. The index first moved down and recorded its intraday low at 36166.70 and then rallied. The rally fizzled out in the afternoon and prices have moved down. The index rallied again in the second half, recorded its intraday high at 36563.50 and finally closed at 36535.65 with a gain of 151 points. PVT and PSU BANKS both have performed same today, saw a minor intraday rally and closed with a gain of 0.41% and 0.48%. Within the index, in term of points, HDFC BANK contributed the highest while ICICI BANK contributed the lowest.

The short-term trend is now changing to sideways which was down before. We have also mentioned a possible trading range within 35300 – 36800 zones. For tomorrow we should look for a buying opportunity on a breakout above 36800. But if index saw a U turn from here and started drifting downwards then we should look for a shorting opportunity below 35800.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
CDSL 1542 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 1500 and for the target of 1650.
INDHOTEL 184 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 186 with a stop loss of 183 and target  of 193.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INFY 1760CE BUY 31 CMP 15 60 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GSPL.Dec 30 306.4 0.05 7.59 1181500 JKCEMENT.Dec 30 3353.95 2.65 -0.23 150850
ULTRACEMCO.Dec 30 7344.95 0.08 4.2 1854700 GODREJPROP.Dec 30 2028.8 2.64 -0.78 3352375
RBLBANK.Dec 30 192.95 0.1 2.16 30644300 IGL.Dec 30 498.8 2.47 -0.85 10685125
TATACONSUM.Dec 30 777.5 0.11 5.11 9624150 COALINDIA.Dec 30 159.65 2.21 -3.04 52764600
NAM-INDIA.Dec 30 374.5 0.21 9.14 2809600 ICICIGI.Dec 30 1474 1.98 -0.77 2731475
                                                                        Short Covering                                                                       Long Unwinding
                     Stocks             price            Price%                OI%              OI                         Stocks            Price            Price%                OI%               OI
ABFRL.Dec 30 262 0.17 -0.94 10649600 APLLTD.Dec 30 806.25 -1.41 -3.19 1800150
BANKNIFTY.Dec 30 36657.9 0.52 -2.74 2406275 CHAMBLFERT.Dec 30 396 -0.66 -1.23 2172000
SRTRANSFIN.Dec 30 1458.55 0.57 -0.35 3077200
KOTAKBANK.Dec 30 1973.05 0.57 -0.62 12599200
TATAMOTORS.Dec 30 480 0.58 -0.09 87195750

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Petronet Lng Limited 224.3 1.63 1699664 0 70.43 Nifty 50 17401.65 1.37 87615
Power Grid Corporation o 214.5 3.52 25319133 0 67.3 Nifty Bank 36508.25 0.39 87615
Infosys Limited 1748.25 1.94 5559574 0 67.26 Nifty it 36157.85 2.06 87615
Dabur India Ltd. 578.55 0.43 1931467 0 66.82 India Vix 18.09 -7.01 87615
Hdfc Asset Management Co 2556.7 0.22 250100 0 64.65 Nifty Energy 23491.6 1.65 87615
Nestleind 19503.2 0.54 48600 0 64.15 Nifty Fmcg 37892.6 1.16 87612
Page Industries Limited 38253.55 0.97 37304 0 64.03 Nifty Pharma 13557 0.85 87612
Sbi Cards And Payment Se 980.9 2.19 1636771 0 63.95 Nifty Infrastructure 5048.7 1.12 87615
Hdfc Ltd. 2807.8 3.85 4570690 0 63.79 Nifty Psu Bank 2640.8 0.48 87612
Hindustan Unilever Ltd 2383.3 1.64 1673117 0 63.58 Nifty Auto 10873.15 1.07 87612

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Trade Balance (Nov) on 3rd December, 2021

INR: Nikkei Services PMI (Nov) on 3rd December, 2021

•USD: Unemployment Rate (Nov) on 3rd  December, 2021

•USD: Nonfarm Payrolls (Nov) on 3rd December, 2021

NEWS UPDATES

  • Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi, has launched its initial public offering (IPO) today for public subscription and the three day share sale will conclude on December 6. The price band has been fixed at ₹530-550 per share. The company on Wednesday said it has raised ₹194 crore from anchor investors ahead of its IPO.

  • ABB India on Thursday said it has completed the sale of its mechanical power transmission division to Dodge Industrial India Pvt Ltd for a consideration of ₹44.58 crore.

  • Tata Power has collaborated with am Stays & Trails, India’s first branded homestay portfolio by Indian Hotels Company Ltd, to set up EV charging stations at over 30 of its villas and heritage bungalows across 11 destinations. A rising demand for sustainable transport infrastructure has resulted in an increasing number of hospitality brands investing in electric vehicle (EV) charging points, a statement said.

  • Japanese auto major Honda Motor Co on Thursday said it has set up a battery sharing service subsidiary in India with a capital of Rs 135 crore. The new subsidiary, Honda Power Pack Energy India Pvt Ltd, will offer battery sharing service for small mobility, which will accelerate the penetration of electric vehicles (EV), and will also provide technical support to vehicle OEMs, the company said in a statement.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
FEDDERELEC Preferential Issue of shares 03-Dec-21 YASHRAJC General 03-Dec-21
GVKPIL Quarterly Results 03-Dec-21 ZSOUTGAS General 03-Dec-21
ISTRNETWK General 03-Dec-21 CHEVIOT Buy Back of Shares 04-Dec-21
JJEXPO A.G.M.;Audited Results 03-Dec-21 GSS General 04-Dec-21
JPTRLES General 03-Dec-21 PQIF General 04-Dec-21
MRPL General 03-Dec-21 SAYAJIHOTL Scheme of Arrangement 04-Dec-21
NMDC Interim Dividend 03-Dec-21 SETCO A.G.M.;Quarterly Results 04-Dec-21
SDC Half Yearly Results 03-Dec-21 TIRUFIN Employees Stock Option Plan;General 04-Dec-21
SHARP Quarterly Results 03-Dec-21 EQUIPPP A.G.M. 05-Dec-21
STDSFAC General 03-Dec-21 ANERI General 06-Dec-21
TARMAT Preferential Issue of shares 03-Dec-21 BRFL Quarterly Results 06-Dec-21
VICEROY A.G.M.;General 03-Dec-21 DEEP Issue Of Warrants;Pref. Issue of shares 06-Dec-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
IEX 03-Dec-21 Bonus issue 2:1 OAL 09-Dec-21 Interim Dividend – Rs. – 1.5000
COALINDIA 06-Dec-21 Interim Dividend – Rs. – 9.0000 RIDHISYN 09-Dec-21 Right Issue of Equity Shares
PANCHSHEEL 06-Dec-21 Bonus issue 1:1 SHIVAMAUTO 09-Dec-21 Right Issue of Equity Shares
CHLOGIST 07-Dec-21 E.G.M. TTL 09-Dec-21 Interim Dividend – Rs. – 1.0000
GPL 08-Dec-21 Amalgamation WEIZMANIND 09-Dec-21 Buy Back of Shares
BNKCAP 09-Dec-21 Dividend – Rs. – 2.5000 SEACOAST 10-Dec-21 E.G.M.
DUGARHOU 09-Dec-21 E.G.M. NIHARINF 13-Dec-21 E.G.M.

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