Morning_outook-4jan

NIFTY:

NIFTY opened at 17387.15 with a gap up of just 33 points. The index recorded its intraday low at 17383.30 near its opening price in its early trade and rallied higher.The rally continued for the whole day. Minor dips in between were quickly bought by the bulls and the index keeps on rising to record its intraday high at 17646.65. The index finally closed at 17625.70 near its daily highs with a gain of 271.65 points or 1.57% up. All the sectoral indices have closed with gains today. The PHARMA sector underperformed today and ended with loss while FMCG ended with marginal gains. The rest of the sectors have gained nearly 1% or higher.

The market entered the new year on bullish momentum, with the benchmark indices hitting fresh more than six-week highs, as bulls remained strong in the second straight session on Monday.It was a trend day today on the upside where prices have recorded its intraday low near the opening tick and intraday high near the closing tick. BANK and FINANCIAL stocks have led the rally today and the top 10 stocks in the NIFTY 50 index have closed with gains today.

BANK NIFTY:

BANK NIFTY opened at 35585.20 with a gap upof 82 points. The index initially consolidated and recorded its intraday low at 35526.60. The index then started an upside move and that move continued for the whole day. Prices have recorded its intraday high at 36492.10 and finally closed at 36467.65 with a gain of 964 points. PSU and PVT BANKS both have performed well today and closed with a gain of 2.15% and 2.72% respectively. Within the index, in terms of points, ICICI BANK contributed the highest followed by HDFC BANK

We were long in the index around 35500 and we have suggested staying long with stop at 35200 and a target at 36200. Prices moved up today and hit the target price easily. We have exited from this trade with a gain of 700 points.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
AARTIIND 1017 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 1020 with a stop loss of 1005 and for the target of 1040.
ICICIBANK 764 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 765 with a stop loss of 755 and target  of 780.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
JSWSTEEL   670CE BUY 23 CMP 15 40 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NESTLEIND.Jan 27 19804 0.01 0.83 305975 LAURUSLABS.Jan 27 532.15 -1.83 5.19 3815100
INDUSTOWER.Jan 27 249.65 0.06 6.77 15710800 CIPLA.Jan 27 935.75 -1.43 2.21 9946950
HINDUNILVR.Jan 27 2367.95 0.07 1.86 9322500 CADILAHC.Jan 27 478.6 -1.27 1.35 17348100
GRANULES.Jan 27 338.4 0.09 1.36 13471050 SYNGENE.Jan 27 615 -1.24 0.69 868700
PIIND.Jan 27 3054 0.09 1.34 1604250 DRREDDY.Jan 27 4877 -1.2 0.74 2212250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ALKEM.Jan 27 3653.9 0.24 -0.62 318400 AUROPHARMA.Jan 27 733.5 -0.66 -0.89 14975250
SBICARD.Jan 27 934 0.4 -0.72 4688000 ESCORTS.Jan 27 1911 -0.44 -0.47 5031400
PIDILITIND.Jan 27 2489.95 0.49 -0.15 2045000 BALKRISIND.Jan 27 2325 -0.22 -0.07 1397200
TORNTPOWER.Jan 27 554.6 0.56 -1.91 3007500 SRF.Jan 27 2428.7 -0.21 -0.78 3017250
TATACONSUM.Jan 27 750.3 0.64 -0.09 10169550

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2636.4 1.93 1256497 0 75.48 Nifty 50 17625.7 1.57 78921
Hindustan Aeronautics Li 1233.7 1.9 552027 0 71.11 Nifty Bank 36421.9 2.65 78921
Hdfc Bank Ltd. 1519.65 2.72 4534592 0 70 Nifty Fmcg 37606.05 0.07 78921
City Union Bank Ltd. 138.6 2.93 1503638 0 69.76 Nifty it 39123.8 1.09 78921
Infosys Limited 1898.45 0.57 3329616 0 67.88 Nifty Realty 489.65 1.14 78921
Hindustan Unilever Ltd 2361.3 0.05 879278 0 64.03 Nifty Auto 11114.55 1.62 78921
Kotak Mahindra Bank Limi 1824.45 1.58 1985109 0 61.69 India Vix 16.45 1.43 78918
Larsen & Toubro Limited 1922.85 1.42 1906676 0 61.62 Nifty Metal 5628.1 1.93 78921
Icici Lombard General In 1409.8 0.61 295484 0 60.46 Nifty Media 2251.2 1.46 78921
Tata Consultancy Serv Lt 3817.75 2.12 2346158 0 60.28 Nifty Financial Services 17761.05 2.48 78921

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Nikkei Services PMI (Dec) on 5th January, 2022

INR: FX Reserves, USD on 7th January, 2022

•USD:  ISM Manufacturing PMI (Dec) on 4th January 2022

•USD : Services PMI (Dec) on 5th January 2022

NEWS UPDATES

  • India’s Tata Power informed the exchanges that Sanjeev Churiwala has joined the company as new Chief Financial Officer with effect from 1 January. A Chartered Accountant by qualification, Churiwala has over 27 years of corporate experience spanning across the financial services sector including reporting and controlling of listed companies, exposure to projects, supply chain, fundraising, and M&A.

  • Packaged goods companies are ramping up supplies and stocking up products across distribution networks, retail stores and e-commerce channels amid fresh covid-linked restrictions in several large states.

  • Ashoka Buildcon Ltd recent announcement on the sale of some of its BOT (Build-operate transfer) assets is looked at in a positive light. Its subsidiary Ashoka Concessions Ltd, has signed an agreement with KKR group entity Galaxy Investments II Pte. Ltd for selling the stake in 5 BOT assets for ₹1,337 crore.

  • Sterling and Wilson Renewable Energy Ltd (SWREL) today said Reliance New Energy Solar Ltd (RNESL) has become its promoter after it paid payment of balance ₹1,583 crore for acquisition 25.90% equity in it.

  • India’s unemployment rate reached a four-month high of 7.91% in December as compared to 7% and 7.75 per cent in November and October 2021, data from the Centre for Monitoring Indian Economy (CMIE) showed on Monday.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ALFAVIO General 04-Jan-22 HUBTOWN Issue Of Warrants 05-Jan-22
BHAGCHEM Increase in Authorised Capital;General 04-Jan-22 KACL General 05-Jan-22
DBREALTY Issue Of Warrants;Pref. Issue 04-Jan-22 KALPACOMME General 05-Jan-22
GENNEX General 04-Jan-22 OMNIPOTENT General 05-Jan-22
KANELIND Quarterly Results 04-Jan-22 REVAORG Stock  Split;General 05-Jan-22
MCCHRLS-B General 04-Jan-22 SPANDANA Quarterly Results 05-Jan-22
MUKTA Stock  Split 04-Jan-22 ANANDRATHI Interim Dividend;Quarterly Results 06-Jan-22
MYSTICELE Stock  Split 04-Jan-22 GGDANDE General 06-Jan-22
NOUVEAU Stock  Split 04-Jan-22 RITCO Employees Stock Option Plan;General 06-Jan-22
ROYALCU Scheme of Arrangement 04-Jan-22 AREXMIS General 07-Jan-22
STERPOW General 04-Jan-22 CHOTHANI General 07-Jan-22
BHARTIA General 05-Jan-22 GMBREW Quarterly Results 07-Jan-22
DHRUV General 05-Jan-22 INTELLADV General 07-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/- AXITA 11-Jan-22 Bonus issue 1:2
MANGTIMBER 05-Jan-22 Amalgamation SINDHUTRAD 12-Jan-22 E.G.M.
MAZDOCK 06-Jan-22 Interim Dividend – Rs. – 7.1000 AJANTPHARM 13-Jan-22 Buy Back of Shares
IMFA 07-Jan-22 Bonus issue 1:1 BHATIA 13-Jan-22 E.G.M.

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