Morning-Outlook-Feature-Image

Morning-outlook-7july

NIFTY:

Nifty opened at 15818.20 without much of a gap. Prices initially moved up but soon faces resistance and then turned down. The decline quickly finds support and bounced up. The index recorded its intraday low at 15800.90 and then started moving higher. The rally continued till afternoon with minor dips in between. A sharp dip came around 01:00 PM for about one and half hours. The index again finds support and resumes its up move to record its intraday high at 16011.35. Prices have finally closed at 15989.80 with a gain of 178.95  points or 1.13% up. All the sectoral indices have ended in the green today except OIL GAS which ended with minor loss. REALTY,FMCG and AUTO led the bulls today and ended with a gain of more than 2%.

Today prices have ended almost around 16000. Tomorrow is the weekly expiry so we may see some volatility. If the index crosses above 16000 tomorrow then we should wait for a confirmation. A narrow trading range on the daily timeframe chart in the NIFTY Index indicates a sharp move is about to come. However, the direction is not very clear yet. We should wait for one or two days and then we will plan our trade accordingly.

BANK NIFTY:

Bank Nifty opened at 33929.40 with a gap up of 160 points. The index finds support quickly and again bounced up. The rally continued for almost the whole day and in this process, the index recorded its intraday low at 33876.15 and intraday high at 34388.50.The index finally closed at 34355.55 with a gain of 586 points. PVT and PSU BANKS both indices have seen sharp intraday rallies today and closed higher by 1.42% & 1.06% respectively. Within the index, in terms of

points, HDFC BANK contributed the highest on the upside followed by KOTAK BANK.

The index is now reaching near its resistance around the 34500 – 34600 range. The short­ term trend is still sideways. It will be up on a close above 34600.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
ADANIENT 2272 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 2255 and for the target of  2320.
DR REDDY 4390 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 4385 with a stop loss of 4430 and target of 4300.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DEEPAKNTR 1750 CE BUY 70.90 CMP 55 100 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PFC.22.07 Jul 107.3 0 2.92 31062000 ONGC.22.07 Jul 121.4 -4.18 10.28 86902200
SYNGENE.22.07 Jul 550.65 0 2.75 935000 BALRAMCHIN.22.07 Jul 349.8 -3.48 10 6705600
LT.22.07 Jul 1544.3 0.02 8.48 10452600 NMDC.22.07 Jul 107.1 -1.43 5.87 56079000
RAIN.22.07 Jul 152.8 0.03 1.44 7385000 IOC.22.07 Jul 72.95 -0.95 12.04 65705250
PVR.22.07 Jul 1884.5 0.04 3.07 2023604 COALINDIA.22.07 Jul 181 -0.9 6.33 32827200
                                                                        Short Covering                                                                       Long Unwinding
TATAPOWER.22.07 Jul 214.5 0.52 -0.2 80200125 NTPC.22.07 Jul 139.15 -1.52 -0.2 69682500
FEDERALBNK.22.07 Jul 93.7 0.7 -1.16 70070000 POWERGRID.22.07 Jul 211.85 -1.12 -0.54 55269000
MANAPPURAM.22.Jul 90.65 0.83 -0.86 29064000
EXIDEIND.22.07 Jul 142.1 0.85 -1.6 18399600
MCX.22.07 Jul 1319.8 0.89 -1.1 3132400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Ipca Laboratories Ltd. 944.05 1.72 378393 0 75.46 Nifty50 15989.8 1.13 77082
Oracle Fin Serv Soft Ltd 3095 1.43 46283 0 69.88 Niftybank 34324.25 1.5 77082
Gujarat State Petronet l 227.2 0.33 1123636 0 69.68 Nifty it 28007.6 1.13 77082
Ambuja Cements Ltd 368.25 0.44 2209031 0 69.41 India Vix 20.27 -2.5 77082
Infosys Limited 1491.65 1.06 5209162 0 69.18 Nifty Fmcg 40740.15 2.64 77082
Honeywell Auto India Ltd 34787.95 5.47 8072 0 68.48 Nifty Pharma 12331.15 0.8 77082
Ultratech Cement Limited 5828.05 1.71 371948 0 67.03 Nifty Realty 400.75 2.27 77082
Icici Bank Ltd. 725.95 0.9 12163533 0 67.01 Nifty Auto 11952.2 2.6 77079
Kotak Mahindra Bank Limi 1704.5 2.49 5572949 0 66.56 Nifty Metal 4665.3 0.03 77079
Hindustan Unilever Ltd 2498.4 4.03 4770394 0 65.58 Nifty Financial Services 15980.25 1.6 77088

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 8th July, 2022 •USD:  Initial Jobless Claims on 7st July, 2022

•USD:  Crude Oil Inventories on 7th July, 2022

NEWS UPDATES

  • Realty firm Macrotech Developers on Wednesday reported a nearly three-fold jump annually in its sales bookings at Rs 2,814 crore in the April-June quarter of this fiscal on strong demand for its residential properties. Macrotech Developers sells its properties under Lodha brand. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune market. The company has recently forayed into Bengaluru.

  • Reliance Retail Limited has entered a long-term partnership with Gap Inc. to bring iconic American fashion brand Gap to India. Through the long-term franchise agreement, Reliance Retail has become the official retailer for Gap across all channels in India. Reliance Retail will introduce Gap’s latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms.

  • State-owned Punjab National Bank (PNB) has put up for sale the account of loss-making Burnpur Cement of West Bengal and has invited bids from Asset Reconstruction Companies (ARCs) to recover loan outstanding of over Rs 50 crore. Placing the Non-Performing Account (NPA) on sale, PNB said the company owes Rs 50.18 crore as loan. The lender has put the reserve price for the sale of the account to ARCs/permitted transferees at Rs 20 crore.

  • The board of state-owned Power Grid Corporation of India Ltd (PGCIL) on Wednesday approved two proposals to raise up to Rs 11,000 crore through the issuance of bonds and term loans. The proposals to raise Rs 11,000 crore have been approved in a meeting of the board of directors on Wednesday, July 6, 2022, a BSE filing said.

 

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
APTPACK Audited Results 07-Jul-22 PASARI General 07-Jul-22
CRSTCHM General 07-Jul-22 ROSEMER General 07-Jul-22
FCSSOFT General 07-Jul-22 SANDUPHQ General 07-Jul-22
GGAUTO Quarterly Results 07-Jul-22 SKC Audited Results 07-Jul-22
GMBREW Quarterly Results 07-Jul-22 STRLGUA General 07-Jul-22
GUJINV General 07-Jul-22 TARMAT General 07-Jul-22
IFL General 07-Jul-22 VAKRANGEE Quarterly Results 07-Jul-22
INFRATRUST General 07-Jul-22 VISCO General 07-Jul-22
MCLOUD A.G.M. 07-Jul-22 VKAL General 07-Jul-22
MYSPAPE Quarterly Results 07-Jul-22 ALFAVIO General;Stock  Split 08-Jul-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ASTRAZEN 07-Jul-22 Final Dividend – Rs. – 8.00 MAYURUNIQ 07-Jul-22 Final Dividend – Rs. – 2.00
AXISBANK 07-Jul-22 Final Dividend – Rs. – 1.00 MINDAIND 07-Jul-22 Final Dividend – Rs. – 1.00
BANKINDIA 07-Jul-22 Final Dividend – Rs. – 2.00 MINDAIND 07-Jul-22 Bonus issue 1:1
CROMPTON 07-Jul-22 Final Dividend – Rs. – 2.50 NAVINFLUOR 07-Jul-22 Final Dividend – Rs. – 6.00
DCMSHRIRAM 07-Jul-22 Dividend – Rs. – 4.90 NILKAMAL 07-Jul-22 Final Dividend – Rs. – 15.00
GLAXO 07-Jul-22 Special Dividend – Rs. – 60.00 OBEROIRLTY 07-Jul-22 Final Dividend – Rs. – 3.00
GLAXO 07-Jul-22 Dividend – Rs. – 30.00 ROSSARI 07-Jul-22 Final Dividend – Rs. – 0.50
GRNLAMIND 07-Jul-22 Final Dividend – Rs. – 1.20 SOLIMAC 07-Jul-22 Final Dividend – Rs. – 1.20
HITECHCORP 07-Jul-22 Dividend – Rs. – 1.00 STARHFL 07-Jul-22 Final Dividend – Rs. – 0.20
INDIANCARD 07-Jul-22 Interim Dividend – Rs. – 25.00 VISHNU 07-Jul-22 Final Dividend – Rs. – 2.00
JMFINANCIL 07-Jul-22 Final Dividend – Rs. – 1.1500 ZFCVINDIA 07-Jul-22 Dividend – Rs. – 12.00
LTTS 07-Jul-22 Final Dividend – Rs. – 15.00 INGERRAND 08-Jul-22 Dividend – Rs. – 20.00

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