Morning-Outlook-Feature-Image
Outlook

NIFTY:

Nifty opened at 16339.45 with a big gap down of 159 points. Initial prices continued moving lower another 200 points and recorded its intraday low at 16133.80. Prices bounced up from there, saw a sharp rally of more than 300 points, and recorded its intraday high at 16456. The rally fizzled out there and again prices drifted downwards. In the last one and half hours of trading, prices have seen a down move of almost 200 points and finally closed at 16245.35 with a loss of 252.70 points or 1.53% down. All the sectoral indices have seen a down move today and closed lower except the IT that ended with marginal gains. AUTO and METAL have led the bears and ended with a loss of more than 3%.

The index continued recording a wide range day from the last few trading days. The Volatility remained very high as the volatility index ‘INDIA VIX’ is moving around 28. It will be normal when the index moves below 18. The chances of a low volatile environment are less at least for next week also due to the Russia ­Ukraine issue.” Support is visible around first at 16200, if breach then 15500. Today the index broke down 16200 but ended higher. Strong resistance is visible inside the 16800 ­ 16900 range. We should step aside and not indulge ourselves in any kind of trading.

BANK NIFTY:

BANK NIFTY opened at 34526.10 with a big gap down of 440 points. The index further moved down almost 500 points and recorded its intraday low at 34094.10. Prices have bounced up, saw a sharp intraday rally to record its intraday high at 35097.75. However, the index did not sustain long there and again moved down to finally close at 34407.80 with a loss of 536 points. PVT and PSU BANKS have performed almost same today, saw a sharp intraday decline and ended with a loss of 1.66% and 1.59% respectively.

The short ­term trend is down as the index is making lower high lower lows pattern. We should avoid trading the index and wait markets to stabilize first. Resistance is visible around 36800. Support is visible around 34000.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
BSOFT 437 BUY The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought  with a stop loss of 433 and for the target of 445.
EICHERMOTOR 2339 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 2335 with a stop loss of 2360 and target  of 2300.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TITAN 2420 PE BUY 78 CMP 60 120 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ABB.Mar 31 2166.9 0 5.85 339250 IRCTC.Mar 31 726 -9.38 62.84 14141750
UPL.Mar 31 716.05 0.06 1.76 26995800 IDEA.Mar 31 10.3 -7.62 2.05 8.31E+08
ABBOTINDIA.Mar 31 17430 0.1 0.81 34275 MCX.Mar 31 1265.8 -6.83 5.93 1626100
BRITANNIA.Mar 31 3370 0.21 9.57 1859800 AARTIIND.Mar 31 827 -6.44 15.18 2650300
CANFINHOME.Mar 31 561.85 0.26 8.55 3427125 JUBLFOOD.Mar 31 2629.2 -6.36 6.6 2736250
                                                                        Short Covering                                                                       Long Unwinding
PFIZER.Mar 31 4335 0.24 -2.11 104625 NATIONALUM.Mar 31 123.1 -4.57 -1.95 87380000
RECLTD.Mar 31 123.75 0.61 -4.84 26436000 ONGC.Mar 31 162.7 -3.64 -6.35 27920200
MPHASIS.Mar 31 3182.25 0.85 -0.2 1650425 GMRINFRA.Mar 31 37.2 -3.38 -0.26 77400000
DRREDDY.Mar 31 3828 2.58 -0.67 3306500 NMDC.Mar 31 148.15 -3.11 -1.24 66008400
HINDALCO.Mar 31 587.15 -3.08 -2.02 36780050

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2217.5 -2.44 4537842 0 76.74 Nifty50 16245.35 -1.53 73758
United Spirits Limited 825.8 -5.81 2153278 0 69.21 Niftybank 34407.8 -1.54 73758
Dabur India Ltd. 539.05 -4.24 2103277 0 69 Nifty it 34177.7 0.14 73758
Larsen & Toubro Limited 1711.75 -2.31 3906731 0 66.06 Nifty Metal 6010.15 -3.22 73758
Hindustan Unilever Ltd 2019.5 -3.42 6319982 0 65.91 Nifty Media 1997.1 -2.87 73758
Infosys Limited 1723.3 0.14 9074360 0 65.03 India Vix 27.96 -0.71 73758
Ultratech Cement Limited 6050.3 1.16 1336461 0 64.88 Nifty Fmcg 34627.85 -1.12 73758
Icici Lombard General In 1218.3 -1.79 1697979 0 64.36 Nifty Auto 9896.65 -3.55 73758
Alkem 3176.6 -2.25 36487 0 64.2 Nifty Pharma 12600.15 -0.34 73758
Itc Ltd. 225.5 2.78 66834381 0 64.07 Nifty Realty 416.45 -2.93 73758
Nifty Financial Services 16080.15 -1.7 73758

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Industrial Production (YoY) (Jan) on 11th March, 2022

INR: Manufacturing Output (MoM) (Jan) on 11th March, 2022

•USD:  Trade Balance (Jan) on 8th March, 2022

•USD:  Crude Oil Inventories on 9th March, 2022

NEWS UPDATES

  • he fast-moving consumer goods category (FMCG) has recovered in just one month after the third wave of the pandemic compared to the full quarter it took to recover after the second wave in 2021 driven by strong off takes of packaged food products and commodity product (wheat flour, edible oil, grains etc…) sales that have surpassed last year sales numbers.
  • India is looking for a electricity-based technology for mass rapid transportation that is cost effective and such as can be made in the country, Union minister Nitin Gadkari has said. The ministry plans to undertake the development of ropeways as an alternate transport solution in the hill and congested, urban areas.
  • Even as the Centre is staring at the prospect of the public listing of Life Insurance Corporation of India (LIC) spilling over into the next financial year, the government will go ahead and file the offer documents soon after it receives the market regulator’s approval for the draft red herring prospectus (DRHP), said a senior government official.
  • Oil-to-telecom conglomerate Reliance Industries on Friday announced the opening of India’s largest convention centre at Jio World Centre in Mumbai. The convention centre has three exhibition halls spanning over an area of more than 1.61 lakh square feet and two convention halls of 1.07 lakh square feet. The convention centre has “hybrid and digital experiences enabled by 5G network.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AAVAS General 07-Mar-22 MPL General 08-Mar-22
DECIPHER General 07-Mar-22 SHALPAINTS General 08-Mar-22
GANESHBE General 07-Mar-22 SHRIRAMCIT Interim Dividend;General 08-Mar-22
KCLINFRA Right Issue of Equity Shares 07-Mar-22 AKSHAR General 09-Mar-22
METROBRAND Interim Dividend;General 07-Mar-22 BALPHARMA Amalgamation;General 09-Mar-22
NLCINDIA Interim Dividend 07-Mar-22 BRANDBUCKT Increase in Authorised Capital 09-Mar-22
PRECISION General 07-Mar-22 DILIGENT Stock  Split 09-Mar-22
RAINBOWF General;Rights Issue 07-Mar-22 DWL General 09-Mar-22
SHREEGANES Bonus issue 07-Mar-22 PENIND Buy Back of Shares;General 09-Mar-22
SPMLINFRA Preferential Issue of shares 07-Mar-22 TOYAMIND General 09-Mar-22
SUNTV Interim Dividend 07-Mar-22 BCLIL Interim Dividend 10-Mar-22
TRADWIN A.G.M.;Audited Results;Quarterly Results 07-Mar-22 INDINFO General 10-Mar-22
CORALAB General 08-Mar-22 INDLEASE General 10-Mar-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
JAYSHREETEA 07-Mar-22 E.G.M. BCLENTERPR 10-Mar-22 Bonus issue 1:1
NOUVEAU 07-Mar-22 Stock  Split From Rs.10/- to Rs.1/- EIDPARRY 10-Mar-22 Interim Dividend – Rs. – 5.5000
DEEP 08-Mar-22 Bonus issue 3:4 MUL 10-Mar-22 Stock  Split From Rs.10/- to Rs.1/-
VIPIND 08-Mar-22 Interim Dividend – Rs. – 2.5000 ULTRACAB 10-Mar-22 Stock  Split From Rs.10/- to Rs.2/-
WOCKPHARMA 08-Mar-22 Right Issue of Equity Shares ULTRACAB 10-Mar-22 Bonus issue 1:2
VEDL 09-Mar-22 Interim Dividend – Rs. – 13.0000 VISHAL 10-Mar-22 Bonus issue 2:1
7TEC 10-Mar-22 Interim Dividend – Rs. – 1.0000 SRTRANSFIN 11-Mar-22 Interim Dividend
BCLENTERPR 10-Mar-22 Stock  Split From Rs.10/- to Rs.1/-

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