Morning-Outlook-Feature-Image

Morning-outlook-2july

NIFTY:

Nifty opened at 15703.70 with a gap down of 77 points. The index was initially consolidated and then turned down. Prices have seen a sharp decline of more than 200 points. moved up towards 15900 and faces resistance around this level. Prices have found an intraday support around 15500 and the bounced up. The index recorded its intraday low at 15511.05, rallied higher, and  recovered all the losses. The gap down was also filled and the index recorded its intraday high at 15793.95. Prices have finally closed at 15752.05 near its day high wit h a loss of just  28.20 points or 0.18% down. FMCG outperformed today and ended with a gain of 2.82% followed by REALTY which ended 1.58% higher. 0IL GAS underperformed today and ended with a loss of 4.17%.

For tomorrow, we are recommending the same trade. Look for a buying opportunity above 15950 or sell short below 15650. In case of a gap beyond these levels, wait for prices to come there. Keep a stop of 110 points and a target of 240 points.

BANK NIFTY:

Bank Nifty opened at 33273.55 with a big gap down of 419 points. The index initially continued moving lower but soon finds support around 33200 and bounced up after recording its intraday low at 33185.25. A rally faces resistance very quickly and the index begins a process of consolidation. Prices have recorded its intraday high at 33422.80 and finally closed at 33239.25 wit h a loss of 453 points. PVT and PSU BANKS both have performed almost the same today, saw a down move, and ended with a loss of 1.12% & 0.90% respectively. Within the index, in terms of points, PNB contributed the highest on the upside while AXIS BANK contributed the lowest.

The short-term trend is sideways. The Index again opened with a gap down which is sustained today. However, prices did not add on the downside and moved in a narrow range throughout the day. We will look for the buy after seeing the price action above 336000.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
ADANIENT 2232 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  with a stop loss of 2310 and for the target of  2360.
VEDL 213.95 SELL The  immediate trend of the script is bearish. There is a negative  cross over of moving averages  as well as of the indicators therefore  it can be sell below 213 with a stop loss of 217 and target of 208.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DLF 325 CE BUY 13.65 CMP 9 20 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI

Top Delivery Percentage

NAVINFLUOR.22.07 Jul

3646.1 0.06 857.61 396450 ONGC.22.07 Jul 130.15 -13.67 676.76 77215600
RAMCOCEM.22.07 Jul 639 0.14 1419.62 4081700 RELIANCE.22.07 Jul 2412.25 -6.93 4286.6 37066750
TITAN.22.07 Jul 1940.65 0.14 2060.75 8256750 SRTRANSFIN.22.07 Jul 1217.25 -5 331.32 3387600
MRF.22.07 Jul 71071 0.15 3259.79 94410 MPHASIS.22.07 Jul 2204.9 -4.07 5133.33 2005675
TRENT.22.07 Jul 1077.4 0.16 5222.41 4476150 VEDL.22.07 Jul 214.05 -4.06 2250.83 61361400
                                                                        Short Covering                                                                       Long Unwinding
COROMANDEL.22.07Jul 959.6 0.81 -4.91 1205400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bharat Forge Ltd 645.8 -0.92 650298 209358 74.49 Nifty50 15752.05 -0.18 29577878
Page Industries Limited 41375.8 3.01 13064 4682 73.79 Niftybank 33539.45 0.34 13905350
Ambuja Cements Ltd 367.55 1.25 2763265 1374773 73.5 Nifty it 28064.25 0.79 878654
Voltas Ltd. 956.45 -1.64 1129398 341857 70.11 India Vix 21.25 -2.7 2.15E+08
Atul Ltd. 8023.85 -0.09 10672 4124 67.68 Nifty Fmcg 38725.85 2.82 540187
Marico Limited 491.2 2.78 846365 297468 67.4 Nifty Pharma 12260.9 0.84 38074397
Hcl Technologies Ltd. 975.35 0.22 2827579 1919483 65.31 Nifty Realty 391.4 1.58 1.2E+09
Hindustan Unilever Ltd 2282.35 2.32 1235612 648763 64.23 Nifty Auto 11711.95 0.09 39808251
Icici Lombard General In 1145.75 2.21 228217 107919 63.65 Nifty Metal 4696.5 0.76 99480197
Havells India Limited 1111.25 1.19 1848135 1204015 63.61 Nifty Financial Services 15620.75 0.95 3599972

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  Trade Balance on 4th July, 2022

INR:  Nikkei Services PMI (Jun) on 5th July, 2022

•USD:  Factory Orders (MoM) (May) on 5st July, 2022

•USD:  Services PMI (Jun) on 6th July, 2022

NEWS UPDATES

  • Coal India on Friday said its coal production increased 29 per cent year-on-year to a record 159.8 million tonne (MT) in April-June this fiscal. It had produced 124 MT coal in the year-ago period, Coal India Limited (CIL) said in a statement.

  • As customers delay purchasing electric two-wheelers amid fire incidents, Ola Electric again saw its registration dipping in the month of June, taking the company to fourth place in the overall category. Bhavish Aggarwal-run Ola Electric saw 5,869 electric scooters’ registrations (as of June 30), according to the VAHAN data. The June tally for EV two-wheelers was led by Okinawa Autotech, at 6,976 vehicles, followed by Ampere Vehicles Pvt Ltd at 6,534.

  • The government would depend on its public capital expenditure programme to revive demand in the economy and might not go for sector-specific fiscal measures, Finance Minister Nirmala Sitharaman told Business Standard on Friday. In a wide-ranging interview, Sitharaman said the Centre would finalise the privatisation of a public sector bank soon. Also, the fiscal deficit and growth situation were very comfortable this year in spite of continuing external headwinds, she added.

  • India’s manufacturing sector activity eased to a nine-month low in June as growth of total sales and production moderated amid intense price pressures, a monthly survey said on Friday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) fell to 53.9 in June from 54.6 in May, the weakest pace of growth since last September.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AROMAENT Audited Results;General 04-Jul-22 TRADWIN Quarterly Results 04-Jul-22
AUTOLITIND General 04-Jul-22 TRIL A.G.M.;General 04-Jul-22
EASTSUGIND Audited Results;Quarterly Results 04-Jul-22 ZENLABS Increase in Authorised Capital;General 04-Jul-22
MEWATZI Quarterly Results 04-Jul-22 ANUROOP General 05-Jul-22
MLKFOOD General 04-Jul-22 ASHNI A.G.M.;Preferential Issue of shares 05-Jul-22
MOSCHIP Preferential Issue of shares 04-Jul-22 BENGALS Voluntary Delisting of Shares 05-Jul-22
NIBE A.G.M. 04-Jul-22 DJSSS General 05-Jul-22
POBS A.G.M. 04-Jul-22 NECCLTD Rights Issue 05-Jul-22
PVP General 04-Jul-22 PANORAMA General 05-Jul-22
SAICOM Stock  Split 04-Jul-22 POPULARES General 05-Jul-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
EKI 04-Jul-22 Bonus issue 3:1 ASTRAZEN 07-Jul-22 Final Dividend – Rs. – 8.00
JSWSTEEL 04-Jul-22 Final Dividend – Rs. – 17.3500 AXISBANK 07-Jul-22 Final Dividend – Rs. – 1.00
PETRONET 04-Jul-22 Final Dividend – Rs. – 4.50 BANKINDIA 07-Jul-22 Final Dividend – Rs. – 2.00
PIONEEREMB 04-Jul-22 Dividend – Rs. – 0.30 CROMPTON 07-Jul-22 Final Dividend – Rs. – 2.50
PSB 04-Jul-22 Dividend – Rs. – 0.3100 DCMSHRIRAM 07-Jul-22 Dividend – Rs. – 4.90
YASHO 04-Jul-22 Final Dividend – Rs. – 0.50 GLAXO 07-Jul-22 Special Dividend – Rs. – 60.00
ELEMARB 05-Jul-22 Final Dividend – Rs. – 2.7500 GLAXO 07-Jul-22 Dividend – Rs. – 30.00
MINDTREE 05-Jul-22 Final Dividend – Rs. – 27.00 GRNLAMIND 07-Jul-22 Final Dividend – Rs. – 1.20
MPHASIS 05-Jul-22 Dividend – Rs. – 46.00 HERANBA 07-Jul-22 Final Dividend – Rs. – 2.00
WHEELS 05-Jul-22 Dividend – Rs. – 8.30 HITECHCORP 07-Jul-22 Dividend – Rs. – 1.00
CENTURYTEX 06-Jul-22 Dividend – Rs. – 4.00 INDIANCARD 07-Jul-22 Interim Dividend – Rs. – 25.00
PONNIERODE 06-Jul-22 Dividend – Rs. – 5.50 JMFINANCIL 07-Jul-22 Final Dividend – Rs. – 1.1500

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