Morning-Outlook-Feature-Image
morning-outlook-5jan

NIFTY:

NIFTY opened at 17681.40 with a gap up of 56 points. The index first moved down, filled that gap, and recorded its intraday low at 17593.55 within the first 30 minutes of trading. The index then went up, recovered all the losses, and then went into a process of consolidation. Prices have moved sideways for the who le afternoon. That consolidation broke on the upside, prices rallied and recorded its intraday high at 17827.60. The index finally closed at 17805.25 with a gain of 179.55  points or 1.02% up. OIL & GAS, BANK, and FINANCIAL have led the bulls today and ended with a gain of more than 1%.METAL,PHARMA, and REALTY underpe1formed today and closed with losses.

Short-term trend is up since the index is trading at higher levels, broke previous swing highs, and made a pattern of higher highs. Support is visible around 17500 while resistance may appear around 18000 levels. We should look for  buying only. For carry forward traders, a dip towards 17500 support is a buying opportunity. While intraday traders should look for buy on dips or intraday consolidation breakouts.

BANK NIFTY:

BANK NIFTY opened at 36551.25 wit h a ga pup of 84 points. The index initially consolidated, moved down and recorded its intraday low at  36374.40. Prices then went up, recorded its intraday high at 36887.80. A mild decline came int he afternoon but prices have seen another rally in the la one & half hours of trading and finally closed at 36856.75 wit h a gain of 379 points. PSU and PVT BANKS both have performed well today and closed wit h a gain of 1.24% and 0.81% respectively. Within the index, in terms of points, SBI contributed the highest while INDUSIND BANK contributed the lowest.

As we have mentioned previously that the support is visible around 35500 while resistance is visible around 37000. The index is now approaching the resistance levels.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
TITAN 2583 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 2585 with a stop loss of 2550 and for the target of 2630.
LTI 7561 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 7570 with a stop loss of 7500 and target  of 7660.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
RELIANCE   2500CE BUY 45 CMP 30 80 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
DLF.Jan 27 395.6 0 1.64 27353700 VEDL.Jan 27 336 -5.43 42.3 63593400
TRENT.Jan 27 1060 0.05 1.44 2240250 GRANULES.Jan 27 327 -3.3 6.74 14314250
NMDC.Jan 27 136.15 0.11 0.63 76976300 NAVINFLUOR.Jan 27 4128.15 -2.74 2.47 373725
HDFCAMC.Jan 27 2477.1 0.18 0.2 3040800 AARTIIND.Jan 27 996.75 -2.53 14.84 2354500
IRCTC.Jan 27 852.05 0.19 1.73 8122625 MARICO.Jan 27 503.4 -2.52 11.51 8174000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
JINDALSTEL.Jan 27 388 0.01 -0.1 34057500 STAR.Jan 27 451.1 -1.7 -0.22 5614200
TATASTEEL.Jan 27 1151.35 0.2 -0.32 46513275 RBLBANK.Jan 27 131.15 -1.65 -0.45 38108900
JSWSTEEL.Jan 27 672.9 0.25 -0.54 40756500 FSL.Jan 27 187 -1.22 -1.77 9240400
SBICARD.Jan 27 936.45 0.35 -0.28 4614500 LALPATHLAB.Jan 27 3833.1 -0.94 -2.91 470750
NAM-INDIA.Jan 27 357.5 0.42 -0.37 3483200 DEEPAKNTR.Jan 27 2525.25 -0.5 -0.15 2149250

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Rec Limited 136.2 0.67 3663874 0 70.03 Nifty 50 17805.25 1.02 80946
Hdfc Life Insurance Comp 653.15 0.41 2293391 0 69.27 Nifty 100 18030.95 0.88 80949
Sbi Life Insurance Compa 1220.6 0.93 1409464 0 67.35 Nifty Bank 36840.15 1.15 80949
Hindustan Unilever Ltd 2401.25 1.69 1484275 0 66.25 Nifty it 39370.7 0.63 80949
Alkem 3613.8 -0.75 317799 0 61.92 Nifty Auto 11139.4 0.22 80952
Indus Towers Limited 255.15 2.53 6167759 0 61.1 Nifty Metal 5606.85 -0.38 80952
Tata Consultancy Serv Lt 3884.75 1.75 2488606 0 61.09 India Vix 16.12 -2.01 80946
City Union Bank Ltd. 141.95 2.42 2576588 0 60.69 Nifty Realty 487.05 -0.53 80949
Dabur India Ltd. 574.05 -1.22 3062561 0 60.66 Nifty Fmcg 37800.35 0.52 80949
Icici Prudential Life In 570.95 0.66 823907 0 60.38 Nifty Pharma 14040.65 -0.82 80949

UPCOMING ECONOMIC DATA

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

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

•USD:  Crude Oil Inventories on 5th January 2022

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

NEWS UPDATES

  • Moody’s Investors Service on Tuesday assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds to be issued by Reliance Industries Limited (RIL). The outlook on the rating is stable. Mukesh Ambani-led Reliance Industries Limited plans to raise around $5 billion in foreign currency-denominated bonds. The company will use the bond proceeds for refinancing.

  • Having access to over 10 lakh customers post acquisition of DHFL last year, Piramal Capital & Housing Finance (PCHFL) plans to open 100 branches and expand to 1,000 more cities in coming years. In September 2021, PCHFL completed acquisition of debt-laden Dewan Housing Finance Ltd (DHFL), thereby creating one of the largest housing finance companies in the country.

  • Pine Labs, a leading merchant commerce platform, announced a new investment of $20 million from India’s largest commercial bank, the State Bank of India (SBI). Earlier in 2021, Pine Labs had raised a total round size of $600 million from a marquee set of new investors and followed it up with a $100 million fundraise from US-based Invesco Developing Markets Fund.

  • L&T on Tuesday said its construction business has bagged a significant order from Delhi Metro Rail Corporation Ltd for the design and construction of the underground metro project Phase-1 of Patna Mass Rapid Transit System. The order has been awarded to heavy civil infrastructure business of L&T Construction, it said in a BSE filing.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
BHARTIA General 05-Jan-22 SUDTIND-B General 06-Jan-22
HUBTOWN Issue Of Warrants 05-Jan-22 WOCKPHARMA General 06-Jan-22
KACL General 05-Jan-22 YAMNINV General 06-Jan-22
KALPACOMME General 05-Jan-22 AREXMIS General 07-Jan-22
OMNIPOTENT General 05-Jan-22 CHOTHANI General 07-Jan-22
REVAORG Stock  Split;General 05-Jan-22 GMBREW Quarterly Results 07-Jan-22
SHISHIND Preferential Issue;Increase in Auth. Cap. 05-Jan-22 INDOWIND Right Issue of Equity Shares 07-Jan-22
SPANDANA Quarterly Results 05-Jan-22 INFRATRUST General 07-Jan-22
ANANDRATHI Interim Dividend;Quarterly Results 06-Jan-22 INTELLADV General 07-Jan-22
GGDANDE General 06-Jan-22 JHACC General 07-Jan-22
HGS Interim Dividend;Bonus issue 06-Jan-22 NAUKRI Interim Dividend 07-Jan-22
RITCO General;Employees Stock Option Plan 06-Jan-22 POLYSPIN General 07-Jan-22
STARHFL General 06-Jan-22 PSITINFRA General 07-Jan-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GDL 05-Jan-22 Amalgamation 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 GMRINFRA 11-Jan-22 Spin Off
MAZDOCK 06-Jan-22 Interim Dividend – Rs. – 7.1000 SCHABLON 11-Jan-22 Amalgamation
IMFA 07-Jan-22 Bonus issue 1:1 SINDHUTRAD 12-Jan-22 E.G.M.

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