Nifty opened at 16415.55 wit ha big gap down of 267 points. The index initially moved higher but soon prices finds strong resistance and started drifting downwards. The index recorded its intraday low at 16340.90 and found repeated support around the 17350 level. The index then rose and recorded its intraday high at 16484.20 and then again turned down. Prices keep on recording these alternate swings of up and down for the whole day and finally closed at 16411.25 almost at its opening tick with a loss of 271.40 points or 1.63% down. All the sectoral indices have seen a decline today and closed lower. REALTY ended wit h a loss of more than 3.5% while FINANCIAL, METAL, and IT ended with a loss of more than 2%.
The index recorded a pattern of DOJI today. This pattern will appear when the opening and closing rates are almost the same and indicate confusion amongst the traders. After three days of sharp decline, it is possible that the index may start a process of consolidation or correction soon .As of now, we should avoid trading the index and wait for any adequate trading setup to emerge.
Bank Nifty opened at wit h a big gap down of 591points. The index first consolidated and then moved down. Prices have record its intraday low at 34353.20 and then bounced up. The rally did not sustain long enough. Prices have kept on moving up and down for the whole day an recorded its intraday high at 34797.95. The index finally closed at 34681.50 wit h a loss of 479 points. PVT BANKS have underperformed today, led the bears, and closed lower by 2.18%. PSU BANKS have also moved down and ended with a loss of 0.52% Within the index, in terms of points, SBIN contributed the highest while HDFC BANK contributed the lowest.
The short-term trend is down and the index closes below 35000. It is possible that we may see a consolidation or correction here in the next week. As of now, we do not have an adequate trading setup that could suggest us a trading opportunity
|ADANIENT||2247||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 2230 and for the target of 2280.|
|TCS||3432||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 3430 with a stop loss of 3450 and target of 3380.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|RELIANCE||2640 CE||BUY||79||CMP||65||100||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|GUJGASLTD.May 26||510.7||0.09||4.48||3382500||VEDL.May 26||361.3||-10.92||1.76||46738700|
|SUNPHARMA.May 26||883.85||0.29||2.62||18281200||CHOLAFIN.May 26||640.7||-10.58||5.65||8735000|
|IOC.May 26||126.7||0.48||1.6||53950000||VOLTAS.May 26||1064.2||-8.19||3.07||3537500|
|HONAUT.May 26||39794.35||0.5||2.41||6375||TORNTPOWER.May 26||493.85||-5.98||24.11||3783000|
|COLPAL.May 26||1581.35||0.52||4.37||2606100||NAUKRI.May 26||3903.25||-5.8||4||1490500|
|Short Covering||Long Unwinding|
|ADANIPORTS.May 26||815.25||0.02||-0.75||76567500||COFORGE.May 26||3893.75||-6.51||-9.69||737900|
|IEX.May 26||200.8||0.17||-2.58||47985000||DEEPAKNTR.May 26||2028.4||-6.14||-1.38||1443250|
|SBIN.May 26||480.7||0.24||-3.59||55071000||INTELLECT.May 26||678.4||-5.72||-2.05||1614000|
|ESCORTS.May 26||1573||0.31||-3.71||3484800||BHEL.May 26||51.1||-5.46||-2.6||1.03E+08|
|IGL.May 26||349.35||0.32||-1.05||14115750||INDIACEM.May 26||186.45||-5.16||-2.64||13238500|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Ipca Laboratories Ltd.||993.25||-0.89||250491||148671||72.42||Niftybank||34591.2||-1.82||17270417|
|Sbi Cards And Payment Se||752.9||-4.74||2854660||1854727||71.18||Nifty it||30719.45||-2.27||1613905|
|Honeywell Auto India Ltd||39792.5||-0.68||5485||4504||69.21||Nifty Fmcg||37279.3||-0.34||647617|
|Page Industries Limited||44911.5||-1.77||19910||10177||63.89||Nifty Pharma||12820.9||-1.44||46571642|
|Itc Ltd.||266.65||1.76||34490123||19075746||63.81||Nifty Realty||408.15||-3.56||1.45E+09|
|Infosys Limited||1542.85||-2.67||6171472||3919307||63.67||Nifty Auto||10518.45||-1.75||56707360|
|Titan Company Limited||2208.75||-2.35||1465638||809904||62.31||Nifty Metal||6066||-2.11||98449764|
|Tata Consultancy Serv Lt||3432.6||-2.3||2010812||1157843||61.71||Nifty Financial Services||15895.35||-2.25||6126830|
UPCOMING ECONOMIC DATA
|INR: CPI (YoY) (Apr) on 12th May, 2022
INR: Industrial Production (YoY) (Mar) on 12th may, 2022
|•USD: Core CPI (MoM) (Apr) on 11th May 2022
•USD: Crude Oil Inventories on 11th May, 2022
- Reliance Industries (RIL) on Friday reported a consolidated net profit of Rs 16,203 crore for the quarter ended March 31, 2022 (Q4 FY22), up 22.5 per cent over the year-ago period’s Rs 13,227 crore but slightly short of expectations. A poll of analysts by Bloomberg had pegged net profit at Rs 16,819 crore for Q4. But for the exceptional income of Rs 2,836 crore in the December 2021 quarter, net profit would have been its highest quarterly profit ever.
- Reliance Jio’s net profit jumped 22.9 per cent to Rs 4,313 crore year-on-year (YoY) in the fourth quarter of FY22, thanks to an increase in revenue and data volume. Jio, however, continued to lose subscribers for the third consecutive quarter. Its customer base shrunk 10.9 million to 410.2 million at the end of fourth quarter. The company blamed SIM consolidation for the drop in customer base. It said consolidation was now slowing as the tariff hike impact had been absorbed.
- Burning a bigger hole in common man’s pocket, the price of 14.2-kg domestic LPG cylinder on Saturday was hiked by Rs 50. With the new revision, the LPG cylinder will now retail at Rs 999.50 in Delhi. Earlier in the month, the price of a 19-kg commercial LPG cylinder was increased by Rs 102.50, whereas the 5-kg LPG cylinder is now priced at Rs 655.
- L&T Infotech (LTI) and Mindtree – and the process is expected to complete by the end of the current financial year. The merged entity, to be called LTIMindtree, will have a stronger potential to access large deals and compete with scale players, said top executives of L&T. In terms of revenue and profit, LTIMindtree will be the sixth-largest IT player in the country, after TCS, Infosys, HCL Technologies, Wipro, and Tech Mahindra.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|3IINFOTECH||Audited Results;General||09-May-22||MANYAVAR||Audited Results;Final Dividend||09-May-22|
|ABHIJIT||Audited Results;Quarterly Results||09-May-22||MOLDTEK||Final Dividend;General;Quarterly Results||09-May-22|
|BASF||Audited Results;Final Dividend||09-May-22||MOLDTKPAC||Final Dividend;General;Quarterly Results||09-May-22|
|BOROLTD||Audited Results;General||09-May-22||NATCAPSUQ||Results;Dividend;General;Rights Issue||09-May-22|
|CENTRALBK||Audited Results||09-May-22||PPL||Audited Results;Final Dividend||09-May-22|
|CMSINFO||A.G.M.;Audited Results;Final Dividend||09-May-22||PRECAM||General||09-May-22|
|COSMOFILMS||Audited Results;Bonus issue||09-May-22||PREMIERPOL||Results;Dividend;Quarterly Results||09-May-22|
|CRAFTSMAN||Audited Results;Dividend||09-May-22||PVR||Audited Results||09-May-22|
|DALBHARAT||Audited Results;Final Dividend||09-May-22||SIKA||Audited Results;Dividend||09-May-22|
|DATIWARE||Audited Results;Quarterly Results||09-May-22||SRF||Audited Results;Final Dividend||09-May-22|
|GNFC||Audited Results;Dividend||09-May-22||SUTLEJTEX||Audited Results;Final Dividend||09-May-22|
|GODREJAGRO||Final Dividend;Quarterly Results||09-May-22||SUVENPHAR||Audited Results;Interim Dividend||09-May-22|
|INFIBEAM||Audited Results;General||09-May-22||UPL*||Audited Results;Final Dividend||09-May-22|
|ISMTLTD||Audited Results||09-May-22||VISAKAIND||Audited Results;Final Dividend||09-May-22|
|JAYIND||Audited Results||09-May-22||VSTTILLERS||Audited Results;Final Dividend||09-May-22|
|KEI||Audited Results||09-May-22||WARDINMOBI||Audited Results||09-May-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|INDIAMART||10-May-22||Buy Back of Shares||THYROCARE||11-May-22||Interim Dividend – Rs. – 15.00|
|LAURUSLABS||10-May-22||Interim Dividend – Rs. – 1.20||COASTCORP||12-May-22||Interim Dividend – Rs. – 2.00|
|APTECHT||11-May-22||Interim Dividend – Rs. – 5.00||HDFCBANK||12-May-22||Final Dividend – Rs. – 15.50|
|IRBINVIT||11-May-22||Income Distribution (InvIT)||INDIANCARD||12-May-22||Special Dividend – Rs. – 25.00|
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