Moring-Outlook-3-septNIFTY:

The Nifty opened at 17095.40 with a gap up of 19 points. The index first recorded its intraday low at 17059.70 within the first 5 minutes of trading and then started an upside move. Prices have rallied throughout the day. The index recorded its intraday high at 17245.50 in the second half and moved sideways in the last hour. The index finally closed at 17234.15. All the sectoral indices have closed with gains except Auto that ended with a loss of 0.21%. IT, FMCG and Realty have led the bulls and ended with a gain of more than 1%. The index rallied for the whole day and finally ended with a gain of almost 1% above 17200. The index recorded lifetime new highs at 17245.The short term trend is up. We should look for buying opportunities only on dips and breakouts.

BANK NIFTY:

Bank Nifty opened at 36588.40 with a gap up of 76 points. The index first consolidated and recorded its intraday low at 36469. That consolidation broke on the upside and prices have seen a sharp intraday rally. The index then again consolidated and finally resumed on the upside again to record its intraday high at 36895.55. Private Banks have outperformed and closed with a gain of 0.77%. PSU Banks have seen an underperformance and ended lower by 0.45%. Within the index, Kotak Bank contributed highest while Bandhan Bank the lowest. It was a trend day on the upside. The index ended with a gain after two days of volatile and sideways movement.

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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
WIPRO 651.45 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 644 and for the target 662
MCX 1544.90 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1520 and for the target 1580

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DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
MGL 1200 CE BUY 27.35 CMP 22 36 OI increase

 

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
FINNIFTYW.21.09 Sep 18182.8 0.22 300 160 IPCALAB.21.09 Sep 2489.5 -2.06 19.52 157050
DIXON.21.09 Sep 4315 3.79 60.97 295375 COFORGE.21.09 Sep 5178 -0.04 17.34 870400
INDIAMART.21.09 Sep 8196 6.55 40.87 145800 ESCORTS.21.09 Sep 1316 -2.75 12.28 7230850
AARTIIND.21.09 Sep 925.35 0.44 25.05 3331150 M&M.21.09 Sep 756.4 -2.15 11.61 13665400
IEX.21.09 Sep 568.4 1.06 24.79 5297500 IBULHSGFIN.21.09 Sep 231.9 -0.39 7.69 40058200
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
POLYCAB.21.09 Sep 2217 3.68 -7.29 442500 HINDALCO.21.09 Sep 458 -0.05 -0.96 35135300
TVSMOTOR.21.09 Sep 531.35 0.16 -2.13 5342400
VEDL.21.09 Sep 306.6 3.13 -1.6 131982500
BIOCON.21.09 Sep 359.5 0.91 -1.48 16578400
SRTRANSFIN.21.09 Sep 1343.2 0.57 -0.45 4460400

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TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 175.75 0.06 10158768 6577365 74.21 Nifty it 34680.3 1.67 97533
Infosys Limited 1689.1 0.68 6830050 5675014 72.74 Nifty Fmcg 40296.4 1.64 97533
Tata Consultancy Serv Lt 3836.75 3.28 3403717 1863636 70.5 Nifty Realty 413.45 1.25 97533
Hdfc Life Insurance Comp 759 5.63 16281725 3359761 67.31 Nifty Pharma 14458.5 0.97 97533
Icici Prudential Life In 676.1 2.68 6392642 1365868 64.82 Nifty 50 17234.15 0.92 97533
Hcl Technologies Ltd. 1172.75 0.7 5224479 2037053 63.65 Nifty Metal 5653.3 0.73 97533
Hdfc Bank Ltd. 1589 0.63 4809262 3924656 63.19 Nifty Bank 36831.3 0.7 97533
Hdfc Ltd. 2777.7 1.09 1734037 1887231 61.19 Nifty Energy 20466 0.54 97533
Dixon Technologies (indi 4294.25 3.66 630735 133585 60.77 Nifty Media 1615.9 0.33 97533
Hindustan Unilever Ltd 2801.05 2.49 1946183 1070028 60.26 Nifty Auto 10022.45 -0.21 97533

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Deposit Growth & Bank Loan Growth on 3rd September, 2021

INR: Nikkei Services PMI (Aug) on 3rd September, 2021

•USD: Nonfarm Payrolls (Aug) on 3rd September, 2021

•USD: Unemployment Rate (Aug) on 3rd September, 2021

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News Updates

•Dr. Reddy’s Laboratories Ltd. and Natco Pharma Ltd. have launched a generic of a blood cancer pill in Canada. The Canadian subsidiaries of both drugmakers have launched lenalidomide capsules, a generic of Revlimid, according to their exchange filings. That’s used to treat multiple myeloma — a cancer of plasma cells and the second-most common form of blood cancer in patients who are not eligible for stem cell transplant.

•NSE International Exchange (NSE IFSC) on September 2 announced that it has listed Indian Oil Corporation Limited’s foreign currency bonds on its Debt Securities Market platform. The company’s foreign currency bonds of $1.4 billion and Singapore $400 million have been listed on NSE IFSC and India INX exchanges, Sandeep Kumar Gupta, Director — Finance, Indian Oil, said. “The advent of IFSC at Gift City has provided an opportunity for Indian companies to access offshore funds within India, and we believe that today’s listing of our bonds is a step in that direction,” he added.

•Icra Ratings has revised the steel sector’s outlook to positive from stable following all large listed steel companies reporting their best ever quarterly performance in Q1FY22, and the earnings outlook remaining healthy for the remaining months of the fiscal. Given the strong earnings growth and capex curtailments following the pandemic related uncertainty, steelmakers started to aggressively deleverage since the second quarter of FY2021.

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

Board Meetings

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ABANSENT General 03-Sep-21 CORALAB General 03-Sep-21
ADJIA General 03-Sep-21 ECS A.G.M. 03-Sep-21
AFFORDABLE A.G.M.;General 03-Sep-21 FCSSOFT A.G.M. 03-Sep-21
AMSONS A.G.M. 03-Sep-21 FILATFASH Dividend;General 03-Sep-21
BANASFN A.G.M. 03-Sep-21 FLOMIC A.G.M. 03-Sep-21
BERLDRG A.G.M.;General 03-Sep-21 FOCUS A.G.M.;Audited Results 03-Sep-21
BERYLSE A.G.M.;General 03-Sep-21 HALDER Final Dividend 03-Sep-21
BIRLAPREC Preferential Issue of shares 03-Sep-21 HARISH A.G.M.;General;Preferential Issue 03-Sep-21
CAPRICORN A.G.M. 03-Sep-21 HDFCLIFE Preferential Issue of shares 03-Sep-21
CEENIK A.G.M. 03-Sep-21 HFCL General 03-Sep-21
CFEL A.G.M.;Final Dividend;In.in Auth. Cap. 03-Sep-21 INDRANIB A.G.M. 03-Sep-21
CONFIPET A.G.M.;Final Dividend;General 03-Sep-21 KANPRPLA General 03-Sep-21

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADSL 03-Sep-21 Final Dividend – Rs. – 0.7500 VICTMILL 03-Sep-21 Final Dividend – Rs. – 50.00
BANCOINDIA 03-Sep-21 Dividend – Rs. – 2.00 YUKEN 03-Sep-21 Final Dividend – Rs. – 0.60
BBTC 03-Sep-21 Dividend – Rs. – 1.20 ALBERTDA 06-Sep-21 Dividend – Rs. – 6.00
MOTHERSUMI 03-Sep-21 Final Dividend – Rs. – 1.50 BHARATRAS 06-Sep-21 Final Dividend – Rs. – 1.50
NGIL 03-Sep-21 Final Dividend – Rs. – 0.10 CARERATING 06-Sep-21 Final Dividend – Rs. – 6.00
SMLT 03-Sep-21 Final Dividend – Rs. – 1.00 CHEMCRUX 06-Sep-21 Bonus issue 2:1
SPAL 03-Sep-21 Final Dividend – Rs. – 2.2500 DECCANCE 06-Sep-21 Final Dividend – Rs. – 5.00

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