Morning-Outlook-Feature-Image

morning-outlook-4 may

NIFTY:

Nifty opened at 16924.45 wit ha big gap down of 178 points. The index recorded its intraday low at 16917.25 almost at its opening tick and started moving sideways. The index moved very volatile today wit h lots of up and down swings. However he bias was bullish today as dips kept finding support and prices have moved higher for the whole day. Prices have recorded its intraday high at 17092.25 and moved very narrow in the last 30 minutes of trading. The index finally closed at 17069.10 with a loss of 33.45 pints or 0.20% down. The AUTO and IT sectors have led the bears today and ended wit h more than a 1% loss. METAL, BANK, and Financial have led the bulls today and ended with gains.

The short-term trend is sideways. The volatility index INOIA V IX is moving around 20 levels, suggesting higher volatility. The index needs to fall to around 15-18 levels for stability in the market As far as prices are range-bound, we should not indulge ourselves in trading. Gaps are random and that could result in a loss. As of now, we should avoid trading the index.

BANK NIFTY:

35627.60 wit h a big gap down of 436 points. The index recorded its intraday low at 36618.20 a few ticks below the opening prices and bounced up almost 400 points within the first five minutes of trading and then went into a narrow trading range. A sharp move came again towards the end of today’s trading session, prices have recorded its intraday high at 36235.25 and the index finally closed at 36138.45 wit h a gain of just75 points. PSU BANKS have underperformed today and closed lower by 0.48%. PVT BANKS have seen an outperformance and ended wit h a gain of 0.46%.Withinthe index, in terms of points, HDFC BANK contributed the highest while KOTAK BANK contributed the lowest.

The short-term trend is still sideways. The index is moving very volatile and random. We should now wait for a decisive breakout. Since the range is relatively narrow so we may see a breakout sooner rather than later. Till then avoid trading the index.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
HDFCBANK 1403 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 1385 and for the target of  1425.
TITAN 2386 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 2385 with a stop loss of 2410 and target of 2350.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
VEDL 410 CE BUY 14.75 CMP 10 25 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIPORTS.May 26 860.5 0.01 0.28 76983750 DIXON.May 26 3965.5 -7.77 46.55 796125
HINDALCO.May 26 485 0.01 4.79 39362200 LALPATHLAB.May 26 2465.35 -4.72 6.97 691000
BHARTIARTL.May 26 741.4 0.04 1.56 48039600 AARTIIND.May 26 849.05 -4.64 17.08 2674950
HONAUT.May 26 39912.5 0.09 8.08 5415 ASTRAL.May 26 2063 -4.32 3.05 501050
CUMMINSIND.May 26 1033.1 0.1 3.24 1489800 MOTHERSUMI.May 26 133.3 -3.62 6.86 29592500
                                                                        Short Covering                                                                       Long Unwinding
BANKNIFTY.May 26 36205 0.17 -0.08 2613275 PERSISTENT.May 26 4156 -3.93 -1.41 483000
CANBK.May 26 230.55 0.24 -0.95 40632300 ABCAPITAL.May 26 117.4 -3.02 -1.5 22752400
BANDHANBNK.May 26 337.45 0.49 -0.28 32859000 MIDCPNIFTYW.May 02 7372.7 -2.73 -50 75
IOC.May 26 127.45 0.67 -1.03 52936000 ABB.May 26 2054.3 -2.08 -1.73 256250
BATAINDIA.May 26 1972.85 0.79 -0.93 1436600 UBL.May 26 1563.85 -1.71 -0.75 1257900

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Petronet Lng Limited 208.05 2.04 3035954 0 77.69 Nifty50 17069.1 -0.2 80574
Ipca Laboratories Ltd. 1010.4 -0.13 98194 0 75.81 Niftybank 36163.75 0.21 80574
Crompton Greaves Consume 378.55 -1.62 866725 0 70.82 Nifty it 31138.8 -1.53 80574
Tech Mahindra Limited 1231.2 -2.21 2149957 0 70.52 Nifty Fmcg 38285.3 0.21 80571
Infosys Limited 1541 -1.69 7072627 0 70.32 Nifty Pharma 13460.25 -0.02 80574
Astral Limited 2065.95 -4.06 577190 0 69.24 Nifty Realty 444.7 0.21 80574
Ntpc Limited 157.5 0.83 13368198 0 67.46 Nifty Auto 10938.3 -1.26 80574
Itc Ltd. 263.15 1.39 18965820 0 66.06 Nifty Metal 6363.1 0.57 80574
Tata Consultancy Serv Lt 3542.4 -0.12 1324161 0 65.78 Nifty  Pvt Bank 18414.6 0.48 80574
Siemens Ltd 2247.1 -1.07 344050 0 64.97 Nifty Financial Services 16671.95 0.21 80574

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Nikkei Services PMI (Apr) on 5th May, 2022 •USD: ISM Non-Manufacturing PMI (Apr) on 4th May 2022

•USD: Fed Interest Rate Decision on 4th May, 2022

NEWS UPDATES

  • HDFC Ltd on Monday reported standalone net profit of Rs 3,700 crore for the March quarter, up 16 per cent from Rs 3,180 crore a year ago period. The HDFC Ltd board has recommended a dividend for the year ended March 31, 2022 of Rs 30 per equity share. The net interest income (NII) for the March quarter came at Rs 4,601 crore compared to Rs 4,027 crore in the previous year — a growth of 14 per cent.

  • State-owned CIL on Monday said coal supply to the power sector rose 15.6 per cent to 49.7 million tonne last month in the wake of high demand of the dry fuel from electricity generating plants and stressed that it is planning to augment its dispatches further, especially to power plants in the coming months. The statement comes at a time when several parts of the country are grappling with power crisis.

  • IDBI Bank on Monday posted 35 per cent rise in net profit at Rs 691 crore for the quarter ended March 2022 due to fall in bad loan provisions as NPAs came down. The bank had posted a net profit of Rs 512 crore for the same quarter of 2020-21. Total income during January-March period of 2021-22, however, was lower at Rs 5,444.08 crore from Rs 6,894.86 crore in the year-ago period. The bank’s core interest income during the period was down at Rs 4,599.67 crore as against Rs 5,781.48 crore a year ago.

  • Vedanta Aluminium on Monday announced it will source 380 MW of green power on a long-term basis for its smelters. Once online, this project has the potential to reduce the company’s greenhouse gas emissions by 15,00,000 tonnes of CO2 equivalent annually.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ABB Quarterly Results 04-May-22 KOTAKBANK Audited Results;Dividend 04-May-22
ADANIGREEN Audited Results 04-May-22 LXCHEM Audited Results;Dividend;Pref.  Issue 04-May-22
APTECHT Audited Results;Dividend 04-May-22 MASFIN General;Audited Results;Final Dividend 04-May-22
ATGL Audited Results;Final Dividend 04-May-22 OFSS Audited Results;Dividend 04-May-22
BALFC Bonus issue;In. in Auth. Capital;Results 04-May-22 RAIN Quarterly Results 04-May-22
BLACKROSE Audited Results;Final Dividend 04-May-22 RAP General 04-May-22
BOMDYEING Audited Results;Final Dividend;General 04-May-22 SACHEMT Audited Results 04-May-22
CARTRADE Audited Results 04-May-22 SADHNA Stock  Split 04-May-22
CIGNITI Results;ESOP;Final Dividend;General 04-May-22 SATIN Audited Results 04-May-22
CYBERTECH Audited Results;Final Dividend 04-May-22 SCANPRO General 04-May-22
DEEPAKNI Audited Results;Dividend 04-May-22 SIS Audited Results 04-May-22
DHAMPURSUG General 04-May-22 SMAUTO General 04-May-22
DILIGENT Audited Results 04-May-22 TAINWALCHM General 04-May-22
EIHOTEL Audited Results 04-May-22 TANTIACONS General 04-May-22
EQUITASBNK Audited Results 04-May-22 TATACONSUM Audited Results;Final Dividend;General 04-May-22
GOCOLORS Audited Results 04-May-22 TCIDEVELOP Quarterly Results 04-May-22
HAVELLS Audited Results;Final Dividend 04-May-22 THAMBBI Audited Results 04-May-22
IIFLWAM Audited Results 04-May-22 VOLLF General 04-May-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ESSENTIA 04-May-22 Right Issue of Equity Shares SARDAEN 05-May-22 Interim Dividend – Rs. – 7.5000
GATEWAY 04-May-22 Interim Dividend – Rs. – 1.2500 SARDAEN 05-May-22 Buy Back of Shares
SINDHUTRAD 04-May-22 E.G.M. CRISIL 06-May-22 Interim Dividend – Rs. – 7.0000
COLPAL 05-May-22 Interim Dividend – Rs. – 21.0000 EMBASSY 06-May-22 Income Distribution RITES

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