Morning-Outlook-Feature-Image

Morning-outlook-4aug

NIFTY:

Today, the NIFTY opened at 17349.25 without much of a gap. The index initially moved down and goes below 17300. Prices have found support around 17250 and recorded their intraday low at 17225.85. The index consolidated around 17250 for three hours and then breaks on the upside. A sharp rally came which took prices above 17400 and the index recorded its intraday high at 17407.50. The NIFTY finally dosed at 17388.15 near its day high with a gain of 42.70 points or 0.25% up. IT outperformed today and dosed with a gain of 1.35%. PHARMA and REAL1Y underperformed today and ended with a loss of over half percent. BANK, FINANCIAL, and OIL GAS ended with minor changes. We have identified a resistance zone inside 17300 -17400. The index is moving within this zone for the past three trading days, finding it difficult to cross above and locked itself in a narrow range. A breakout from this range may give us a directional move. We should take a trade in the direction of a breakout. The long-term trend is up while the long-term momentum has been moving within the strength zone for the past few trading days. The Intermediate trend is up while the intermediate momentum has reached within the strength zone last week. The trend and momentums have aligned on the upside, suggesting higher levels are ahead.

BANK NIFTY:

Today, the BANK NIFTY opened at 37954.55 with a gap of 78 points. The index recorded its intraday high at 38068.60, moved down, fill the gap, and fall further on the downside. Prices have found support around 37700, consolidated there, and bounced up after recording their intraday low at 37692.95. The index rammed erases all the losses, and came dose to its opening tick. Prices have finally closed at 37999.70 with a gain of 123 points. PSU and PVT BANKS both indices have moved down and closed with a loss of 0.53% & 0.16% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while KOTAK BANK contributed the lowest. The index continued dosing higher for six straight sessions. The short-term trend is up as prices are making a bullish pattern of higher highs and higher lows. We have mentioned resistance may appear around 38000 and the index is trading almost at its resistance level and finding it difficult to cross above for the past three trading days. 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
DR REDDY 4096 BUY After correcting from the recent top the stock today witnessed sharp buying from the demand zone. One should buy @CMP for the target of 4174.35 with SL of 4041.
JSW STEEL 652 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 638 with SL of 661.20.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
 JSW STEEL (PE) 640 BUY 14.80 CMP 11 21 PULL BACK
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NAM-INDIA.22.08 Aug 301.25 4.67 18.07 2603200 INDUSTOWER.22.08 Aug 206.45 -6.14 33.46 17368400
BSOFT.22.08 Aug 346.55 3.23 9.26 4894500 BALRAMCHIN.22.08 Aug 381.7 -5.18 8.84 8000000
PERSISTENT.22.08 Aug 3730 2.68 2.78 660750 SIEMENS.22.08 Aug 2617.05 -4.9 13.4 2316325
ATUL.22.08 Aug 9420 2.39 13.07 113550 IDEA.22.08 Aug 9.1 -4.21 2.48 570850000
TECHM.22.08 Aug 1060.1 2.24 0.77 22448400 BHARATFORG.22.08 Aug 725.15 -3.86 10.58 6983000
                                                                        Short Covering                                                                       Long Unwinding
CHOLAFIN.22.08 Aug 759.4 1.41 -0.48 7716250 CONCOR.22.08 Aug 697.3 -4.24 -1.76 3744000
ADANIENT.22.08 Aug 2722 1.18 -0.34 19708000 MFSL.22.08 Aug 827.1 -2.88 -3.04 1553500
RELIANCE.22.08 Aug 2605 0.87 -0.01 27579250 IPCALAB.22.08 Aug 973.35 -2.06 -1.4 776750
BERGEPAINT.22.08Aug 656.1 0.65 -1.21 7181900 TATAMOTORS.22.08 Aug 469.05 -1.97 -1.41 66196950
NIFTY.22.08 Aug 17424 0.45 -3.39 9994900 VOLTAS.22.08 Aug 983.6 -1.94 -5.78 3988500

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 223.6 0.45 9304529 0 70.97 Nifty50 17388.15 0.25 80508
Hdfc Bank Ltd. 1433.6 0.23 5487749 0 69.37 Niftybank 37989.25 -0.09 80508
Coromandel International 1032.8 -1.09 472640 0 66.56 Nifty it 29416.95 1.35 80508
Ambuja Cements Ltd 381.75 0.82 4871595 0 65.33 India Vix 18.45 -0.43 80508
United Breweries Limited 1577.9 -1.86 281088 0 64.63 Nifty Fmcg 42624.15 -0.41 80508
Icici Lombard General In 1229.55 -0.99 285116 0 62.33 Nifty Pharma 12682 -0.77 80508
Icici Bank Ltd. 824.8 0.86 11073975 0 62.19 Nifty Realty 441.6 -0.76 80508
Navin Fluorine Internati 4255.65 -0.7 219114 0 61.62 Nifty Auto 12919.4 -0.8 80508
Mah & Mah Ltd. 1253.7 -0.06 3820503 0 61.55 Nifty Metal 5553.15 -0.19 80508
Hdfc Life Insurance Comp 535.35 -0.58 4152018 0 61.34 Nifty Financial Services 17551.7 0.07 80508

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  RBI Interest Rate Decision on 5th August, 2022 •USD:  Initial Jobless Claims on 4th August, 2022

•USD: Trade Balance (Jun) on 4th August, 2022

NEWS UPDATES

  • Vodafone Idea (Vi) net loss has remained flat year-on-year (YoY) at Rs 7,296 crore in Q1 of FY23 despite 13.7 per cent growth in revenue. In the same period last year, the company had posted a net loss of Rs 7,319 crore. However, on a sequential basis, the net loss widened by 10.6 per cent. In the fourth quarter of FY22, Vi had posted a net loss of Rs 6,563 crore.

  • Multiplex chain operator Inox Leisure Ltd on Wednesday reported a consolidated net profit of Rs 57.09 crore for the quarter ended June, led by rising footfalls at cinema halls. The company had posted a net loss of Rs 122.28 crore in the April-June period a year ago, said Inox Leisure in a BSE filing.

  • Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places. The nation’s biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list. Reliance Industries jumped 51 places to 104 on the 2022 list.

  • Leading stock exchange BSE on Wednesday reported a 23 per cent decline in net profit to Rs 40 crore for three months ended June 2022. In comparison, the exchange had posted a net profit of Rs 51.9 crore in the year-ago period, BSE said in a statement. Total revenues grew by 6.4 per cent to Rs 197.7 crores for the period under review from Rs 185.7 crore in the corresponding quarter previous year.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AARTISURF Quarterly Results 04-Aug-22 CHENFERRO Quarterly Results 04-Aug-22
ADANIENT General;Quarterly Results 04-Aug-22 CHOICEIN A.G.M.;Bonus issue;ESOP;Results 04-Aug-22
AMJLAND Quarterly Results 04-Aug-22 COARO Quarterly Results 04-Aug-22
APLLTD Interim Dividend;Quarterly Results 04-Aug-22 COCHINM Quarterly Results 04-Aug-22
APTECHT Quarterly Results 04-Aug-22 COLORCHIPS Quarterly Results 04-Aug-22
ASAHISONG Quarterly Results 04-Aug-22 CONCOR Interim Dividend;General;Quarterly Results 04-Aug-22
ATGL Quarterly Results 04-Aug-22 DABUR Quarterly Results 04-Aug-22
AVADHSUGAR Quarterly Results 04-Aug-22 DALBHARAT Quarterly Results 04-Aug-22
BALGOPAL Quarterly Results 04-Aug-22 DRAGARWQ Quarterly Results 04-Aug-22
BALKRISIND Interim Dividend;Quarterly Results 04-Aug-22 EDELWEISS Quarterly Results 04-Aug-22
BALRAMCHIN Quarterly Results 04-Aug-22 ELLORATRAD Rights Issue 04-Aug-22
BASANTGL Quarterly Results 04-Aug-22 EXCEL General;Stock  Split 04-Aug-22
BAYERCROP Quarterly Results 04-Aug-22 FAZE3Q Quarterly Results 04-Aug-22
BEL Bonus issue 04-Aug-22 FDC General;Quarterly Results 04-Aug-22
BEML Quarterly Results 04-Aug-22 FEDDERELEC Audited Results;Quarterly Results 04-Aug-22
BERGEPAINT Quarterly Results 04-Aug-22 FERVENTSYN Quarterly Results 04-Aug-22
BHARAT Quarterly Results 04-Aug-22 GABRIEL Quarterly Results 04-Aug-22
BHARTIA General;Quarterly Results 04-Aug-22 GAIL Quarterly Results 04-Aug-22
BHEL Quarterly Results 04-Aug-22 GANECOS Quarterly Results 04-Aug-22
BLUESTARCO Quarterly Results 04-Aug-22 GANESHBE Quarterly Results 04-Aug-22
BRITANNIA Quarterly Results 04-Aug-22 GAYATRI Quarterly Results 04-Aug-22
BRPL A.G.M.;General;Quarterly Results 04-Aug-22 GIPCL Quarterly Results 04-Aug-22
BSELINFRA General;Quarterly Results 04-Aug-22 GITARENEW Quarterly Results 04-Aug-22
CANFINHOME General 04-Aug-22 GLS Quarterly Results 04-Aug-22
CERA General;Quarterly Results 04-Aug-22 GMM General;Preferential Issue of shares 04-Aug-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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
AVANTI 04-Aug-22 Dividend – Rs. – 6.2500 PDMJEPAPER 04-Aug-22 Dividend – Rs. – 0.30
BATAINDIA 04-Aug-22 Dividend – Rs. – 4.00 PDMJEPAPER 04-Aug-22 Special Dividend – Rs. – 0.20
BATAINDIA 04-Aug-22 Special Dividend – Rs. – 50.50 RESONANCE 04-Aug-22 Dividend – Rs. – 1.00
BAYERCROP 04-Aug-22 Final Dividend – Rs. – 25.00 RITES 04-Aug-22 Interim Dividend – Rs. – 4.00
BHAGCHEM 04-Aug-22 Final Dividend – Rs. – 2.00 SHETR 04-Aug-22 Interim Dividend – Rs. – 0.50
CHEVIOT 04-Aug-22 Final Dividend – Rs. – 60.00 SYMPHONY 04-Aug-22 Interim Dividend – Rs. – 2.00
CRISIL 04-Aug-22 Interim Dividend – Rs. – 8.00 UNIPHOS 04-Aug-22 Dividend – Rs. – 5.6500
DELTACORP 04-Aug-22 Final Dividend – Rs. – 1.2500 VICTMILL 04-Aug-22 Final Dividend – Rs. – 50.00
ELGIEQUIP 04-Aug-22 Final Dividend – Rs. – 1.1500 VOITHPAPR 04-Aug-22 Dividend – Rs. – 6.00
FERMENTA 04-Aug-22 Final Dividend – Rs. – 1.2500 VOLTAMP 04-Aug-22 Final Dividend – Rs. – 35.00
GUJHOTE 04-Aug-22 Final Dividend – Rs. – 2.00 ASRL 05-Aug-22 Right Issue of Equity Shares
JKLAKSHMI 04-Aug-22 Final Dividend – Rs. – 5.00 CENTENKA 05-Aug-22 Dividend – Rs. – 10.00
KOLTEPATIL 04-Aug-22 Final Dividend – Rs. – 2.00 KCLINFRA 05-Aug-22 Right Issue of Equity Shares

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