Morning Outlook 3rd January, 2022

BANK NIFTY:

BANK NIFTY opened at 35114.40 without any gap up. However, the index started moving higher from its opening tick and saw a sharp rally o about 400 points in just one hours. The index recorded its intraday low at 35113.75 and its intraday high at 35596.95. Prices have consolidated in most part of today’s trading session and finally closed at 35503.20 with a gain of 372 points. PSU and PVT BANKS both have performed well today and closed with a gain of 1.61% and 1.05% respectively. Within the index, in terms of points, HDFC BANK contributed the highest while RBL BANK contributed the lowest.

We have been mentioning that the index is moving very narrow. That narrow movement resolved on the upside. The short-term trend is now upward it will be up as long as prices are trading above 35000.

TECHNICAL PICKS

COMPANY NAME	CMP	B/S	RATIONALE+
BHARTIARTL	683	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 above 685 with a stop loss of 675 and for the target of 695.
HINDUNILVR	2360	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 2365 with a stop loss of 2340 and target  of 2410.

DERIVATIVE PICKS

Stock Name	Strike Price	Buy/Sell	CMP	Initiation	Stop Loss	Target	Remarks
POLYCAB	2460 CE	BUY	97	70	150	65	OI Increase

Long Buildup						Short Buildup
Stocks	Price	Price%	OI %	OI		Stocks	Price	Price%	OI %	OI
AUBANK.Jan 27	1039.75	0.01	2999.15	3641500		NTPC.Jan 27	123.5	-2.64	742.42	53876400
ALKEM.Jan 27	3645.2	0.12	217.23	320400		RBLBANK.Jan 27	127.4	-2.23	551.88	33158600
GRANULES.Jan 27	338.1	0.13	1903.27	13289700		GMRINFRA.Jan 27	45.95	-1.61	2922.5	1.36E+08
METROPOLIS.Jan 27	3453.35	0.15	431.77	522200		CUB.Jan 27	135.5	-0.48	1885.21	9584600
WHIRLPOOL.Jan 27	1766.2	0.26	1720.41	892000		POWERGRID.Jan 27	205.25	-0.34	1309.87	28947524
Short Covering						Long Unwinding
Stocks	Price	Price%	OI %	OI		Stocks	Price	Price%	OI %	OI
FINNIFTY.Jan 25	17400	0.44	-9.3	1560

TOP DELIVERY PERCENTAGE

Stocks	Price	%Chg	Total Qty	Delivery	Del %			% Change
							Sectors	Price	Change %	Quantity
Honeywell Auto India Ltd	42170.95	2.72	9533	3922	80.63		Nifty 50	17354.05	0.87	25662532
City Union Bank Ltd.	134.65	-0.96	1552392	1082910	79.85		Nifty Bank	35481.7	1.19	12562463
Hindustan Unilever Ltd	2360.15	1.49	1123597	719426	70.62		Nifty it	38701	0.11	811421
Hero Motocorp Limited	2462.1	1.24	253608	80927	69.79		Nifty Realty	484.15	1.21	9.19E+08
Infosys Limited	1887.75	-0.27	4619420	3135757	68.83		Nifty Pharma	14223	0.62	31298571
Larsen & Toubro Limited	1895.9	0.54	1145546	705848	68.7		India Vix	16.22	-2.11	2.71E+08
Upl Limited	747.1	0.06	1131359	481192	67.58		Nifty Energy	22631.95	0.65	876717
Tata Consultancy Serv Lt	3738.35	0.12	1207141	727618	65.91		Nifty Fmcg	37579.95	1.36	322732
Icici Bank Ltd.	740.15	0.6	6973055	3750876	65		Nifty Auto	10936.9	1.69	40808890
Kotak Mahindra Bank Limi	1796.1	2.33	2212892	1365083	64.43		Nifty Metal	5521.75	1.94	80798819

UPCOMING ECONOMIC DATA

Domestic                                                                                                                                                  International
INR: Nikkei Markit Manufacturing PMI (Dec) on 3rd January, 2022 INR: Trade Balance on 3rd January, 2022	•USD: ISM Manufacturing PMI (Dec) on 3rd January 2022 •USD : Crude Oil Inventories on 5th January 2022

NEWS UPDATES

• India’s fiscal deficit in April-November, the first eight months of current fiscal year, narrowed to 46.2% of the full-year budgeted target, helped by a rise in tax collections, government data showed on Friday. The fiscal deficit had surged to 135.1% of the full-year target during the same period last fiscal year. The fiscal deficit for eight months ending November stood at Rs 6.96 trillion ($93.7 billion) against Rs 15.07 trillion target for the whole fiscal year, the data showed.

• China will cut its subsidies on new energy vehicles (NEV), such as electric cars, by 30% next year, the Finance Ministry said on Friday.

• Tech Mahindra on Friday said it has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to USD 125 million. The acquisition is expected to bolster Tech Mahindra’s capabilities in digital experience solutions – learning and development, marketing, instructional design; and engineering – cloud and automation, analytics, and technical support services.

• Hindustan Unilever (HUL) said on Friday that it will supply its products uninterrupted, clarifying that it had no exclusive deals with organised online businesses that traditional distributors allege are being favoured unfairly.

• Cadila Healthcare on Friday said its US arm Zydus Pharmaceuticals (USA) Inc has received tentative approval from the US health regulator to market generic Pimavanserin capsules, indicated for treatment of hallucinations and delusions associated with Parkinson’s disease psychosis.

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

BOARD MEETINGS

Company Name	Purpose	Ex-Date	Company Name	Purpose	Ex-Date
MEL	General	03-Jan-22	SHIVAMAUTO	General	03-Jan-22
KRETTOSYS	Bonus issue;In. in Auth. Cap.;Stock  Split	03-Jan-22	SMLT	Interim Dividend	03-Jan-22
SMLT	Interim Dividend	03-Jan-22	ALFAVIO	General	04-Jan-22
KGPETRO	General	03-Jan-22	BHAGCHEM	Increase in Authorised Capital;General	04-Jan-22
SHIVAMAUTO	General	03-Jan-22	GENNEX	General	04-Jan-22
ASHSI	General	03-Jan-22	KANELIND	Quarterly Results	04-Jan-22
VENLONENT	General	03-Jan-22	MCCHRLS-B	General	04-Jan-22
SHRIRAMEPC	Preferential Issue of shares;General	03-Jan-22	MUKTA	Stock  Split	04-Jan-22
MUKTA	Stock  Split	04-Jan-22	MYSTICELE	Stock  Split	04-Jan-22
MYSTICELE	Stock  Split	04-Jan-22	NOUVEAU	Stock  Split	04-Jan-22
NOUVEAU	Stock  Split	04-Jan-22	STERPOW	General	04-Jan-22
GENNEX	General	04-Jan-22	DHRUV	General	05-Jan-22
STERPOW	General	04-Jan-22	KACL	General	05-Jan-22

CORPORATE ACTION

Company Name	Ex-Date	Purpose	Company Name	Ex-Date	Purpose
QUANTDIA	04-Jan-22	E.G.M.	IPCALAB	10-Jan-22	Stock  Split From Rs.2/- to Rs.1/-
JOHNPHARMA	05-Jan-22	Stock  Split From Rs.10/- to Rs.1/-	SINDHUTRAD	12-Jan-22	E.G.M.
MANGTIMBER	05-Jan-22	Amalgamation	AJANTPHARM	13-Jan-22	Buy Back of Shares
MAZDOCK	06-Jan-22	Interim Dividend – Rs. – 7.1000	BHATIA	13-Jan-22	E.G.M.
IMFA	07-Jan-22	Bonus issue 1:1	INDOAMIN	13-Jan-22	Stock  Split From Rs.10/- to Rs.5/-

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