Nifty opened at 16469.60 with a gap down of 100 points. The index continued moving lower wit h minor rallies in between which fizzled out quickly and prices have recorded its intraday low at 16347.10.Prices have recorded its intraday high at 16487.25 a few ticks above the opening price. The index has seen a minor rally in t he afternoon and then went into consolidation.The consolidation lasted till the market closing and prices finally settled at 16416.35 almost in the middle of today’s trading range with a loss of 153.20 points or 0.92% down. OIL GAS and AUTO outperformed today and ended wit h some gains. The rest of the sectoral indices have closed wit h loss led by REALTY,FMCG, and IT sector and followed by the BANK, FINANC IAL, and PHARMA.
short-term trend is now sideways which was up before. It will be up again if the index closes above 16700 and it will be down if the index closes below 16350. It is also a strong support level for the NIFTY.
Bank Nifty opened at 35080.80 with a big gap down of 234 points. The index moved further on the downside and then bounced up. The rally fizzled out quickly and prices have resumed its down move after recording the intraday high at 35154.30. The index recorded its intraday low at 34834.40 and then saw some recovery in the last 30 minutes of trading to finally close at 34972.05 with a loss of 342 points. PVT BANKS have underperformed today and ended wit h a loss of nearly 1%. PSU BANKS have also moved down today and ended wit h a loss of 0.30%. Within the index, in terms of points, SBIN contributed the highest on the upside while ICIC IBANK contributed the lowest.
The short-term trend is now sideways as prices have seen a minor dip after a consolidation. Strong support should emerge around 34500 as it was also a breakout point from a range. Tomorrow is the RBI Policy Meet Outcome scheduled so we may see higher volatility. We will plan our trade accordingly till then we should avoid trading the index for the time being.
|TVS MOTOR||744||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 735 and for the target of 760.|
|TITAN||2100||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 2100 with a stop loss of 2120 and target of 2050.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TATA POWER||235 CE||BUY||9.25||CMP||6||15||OI Increase
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|BPCL.22.06 Jun||321||0.06||2.28||17073000||GUJGASLTD.22.06 Jun||523.25||-5.09||21.16||2368750|
|ABCAPITAL.22.06 Jun||103.5||0.1||1.35||18840800||ZEEL.22.06 Jun||238.8||-4.52||0.46||72723000|
|POWERGRID.22.06 Jun||226.1||0.22||2||54177947||LICHSGFIN.22.06 Jun||358.3||-4.43||1.31||18388000|
|Short Covering||Long Unwinding|
|RECLTD.22.06 Jun||116.5||0.39||-0.31||27204000||ASTRAL.22.06 Jun||1665.5||-2.84||-0.03||815925|
|LUPIN.22.06 Jun||611.6||0.55||-1.77||8743950||COFORGE.22.06 Jun||3544.9||-2.22||-0.67||611200|
|INDHOTEL.22.06 Jun||231.55||1.25||-0.72||20548398||UBL.22.06 Jun||1495||-2.11||-2.99||1033550|
|HONAUT.22.06 Jun||32601.35||4.69||-5.05||12960||BERGEPAINT.22.06 Jun||580||-1.93||-0.16||5464800|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Ambuja Cements Ltd||363.35||-0.42||5707841||0||71.76||Niftybank||34996||-0.89||75888|
|Icici Lombard General In||1151.55||-4.11||1117981||0||71.48||Nifty it||29351.7||-1.57||75888|
|Power Grid Corporation||225||0.09||6827389||0||71.35||India Vix||20.43||1.11||75888|
|Sbi Life Insurance Compa||1134.3||-0.67||848821||0||71.14||Nifty Fmcg||37648.85||-1.54||75888|
|Bharti Airtel Limited||685.3||0.34||8349903||0||70.24||Nifty Pharma||12279.65||-1.07||75888|
|Kotak Mahindra Bank Limi||1858.15||-0.6||1711636||0||66.99||Nifty Auto||11362.2||0.52||75888|
|Atul Ltd.||7948.95||0.26||40390||0||66.17||Nifty Metal||5340.85||-0.89||75888|
|Hdfc Ltd.||2259.5||-0.64||2112184||0||62.56||Nifty Financial Services||16152||-1.06||75888|
UPCOMING ECONOMIC DATA
|INR: RBI Interest Rate Decision on 8th June, 2022||•USD: API Weekly Crude Oil Stock on 8th June, 2022
•USD: Crude Oil Inventories on 8th June, 2022
Reliance Jio has expanded the reach of its 4G services in Ladakh region to a village close to Pangong lake, an area which has been a friction point between India and China in recent years. Officials said Reliance Jio launched its 4G voice and data services at Spangmik village near Pangong lake in Ladakh. The telecom operator became the first network to provide 4G mobile connectivity in and around the Pangong area, a popular tourist destination, officials said.
SoftBank Group-backed Ola Electric is in talks with multiple global suppliers to build a battery cell manufacturing plant in India with a capacity of up to 50-gigawatt hours, sources said. As part of its broader electrification push, the firm plans to invest in companies with advanced cell and battery technology, alongside the 50 Gwh battery plant.
The government plans to monetise assets worth Rs 75,220 crore in the coal mining sector in the current financial year. The monetisation of coal blocks is likely to generate a revenue of Rs 52,200 crore, followed by Rs 20,320 crore from projects on Mine Developer and Operator (MDO) model, Rs 2,000 crore from discontinued mines and Rs 700 crore from washeries, the coal ministry said in its monetisation plan for the 2022-23.
Commonly used drugs for cough, cold, pain and skin irritation such as paracetamol, nasal decongestants and antifungals may soon be available without prescription as the Centre plans to list them under the over-the-counter (OTC) category.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|INDINFO||General||08-Jun-22||VANICOM||A.G.M.;Preferential Issue of shares||08-Jun-22|
|JMDVL||General||08-Jun-22||ZHINUDYP||Voluntary Delisting of Shares;General||08-Jun-22|
|KUSHAL||Quarterly Results||08-Jun-22||AGARIND||Preferential Issue of shares||09-Jun-22|
|MAHESH||General||08-Jun-22||DHYAANI||Half Yearly Results;Audited Results||09-Jun-22|
|TRANSFIN||General||08-Jun-22||RUNGTAIR||Right Issue of Equity Shares;General||09-Jun-22|
|UNITECH||Audited Results;Quarterly Results||08-Jun-22||APIS||Dividend on Preference Shares;A Results||10-Jun-22
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|GGENG||08-Jun-22||Stock Split From Rs.2/- to Rs.1/-||MUKANDENGG||09-Jun-22||Amalgamation|
|JAGSNPHARM||08-Jun-22||E.G.M.||PFC||09-Jun-22||Final Dividend – Rs. – 1.2500|
|KANSAINER||08-Jun-22||Final Dividend – Rs. – 1.0000||QUESS||09-Jun-22||Interim Dividend – Rs. – 4.0000|
|ASIANPAINT||09-Jun-22||Final Dividend – Rs. – 15.5000||SILVERTUC||09-Jun-22||Interim Dividend – Rs. – 0.5000|
|ASIANTILES||09-Jun-22||Final Dividend – Rs. – 0.7000||SMCGLOBAL*||09-Jun-22||Final Dividend – Rs. – 1.2000|
|AUBANK||09-Jun-22||Bonus issue 1:1||TATACONSUM||09-Jun-22||Final Dividend – Rs. – 6.0500|
|CRAFTSMAN||09-Jun-22||Dividend – Rs. – 3.7500||TRANSCOR||09-Jun-22||Dividend – Rs. – 0.1000|
|ELECON||09-Jun-22||Final Dividend – Rs. – 1.0000||VOLTAS||09-Jun-22||Final Dividend – Rs. – 5.5000|
|ELECON||09-Jun-22||Special Dividend – Rs. – 0.4000||WELCORP||09-Jun-22||Dividend – Rs. – 5.0000|
|HDFCAMC||09-Jun-22||Dividend – Rs. – 42.0000||CEATLTD||10-Jun-22||Final Dividend – Rs. – 3.0000|
|IMPAL||09-Jun-22||Interim Dividend – Rs. – 13.0000||LKPFIN||10-Jun-22||Final Dividend – Rs. – 3.0000|
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