Morning-Outlook-Feature-Image
Outlook

NIFTY:

Nifty  opened at 15867.95 wit ha big gap down of 378 points. Initial prices moved down and then up to record its intraday high at 15944.60. The rally fizzled out quickly and prices have again moved down. The decline was very sharp and the index recorded its intraday low at 15711.45 and then found support there. Prices have seen some recovery in the last hour of trading and the index finally closed at 15863.15 wit h a loss of 382.20 points or 2.35% down. All the sectoral indices have seen a down move today except the METAL that ended with a gain of more than 2%. REALTY,BANK, and FINANCE have led the bears today and ended wit h a loss of more than 3%.

We are in an environment of fear, the chances of a low volatile environment are less at least for this week. The Russia-Ukraine issue is lasting for the last twelve days and we are not getting any sign of this issue to resolve. Strong support around 16200 broke decisively and we now have the next support around 15500. Strong resistance is visible inside the 16800 – 16900 range. A minor resistance should emerge around 16200. We should step aside and not indulge ourselves in any kind of trading. We should wait fora process of consolidation and then a trading range.

BANK NIFTY:

BANK NIFTY opened at 33278.15 wit h a big ga p down of 1098 points. The index first moved down and then saw a sharp rally that recorded its intraday high at 33543.30. Prices finds strong resistance there and then again moved down to record its intraday low at 32376.50. The index final closed at 32914.55 wit ha loss of 1462 points. PVT and PSU BANKS have performed almost same today, saw a sharp intraday decline and ended with a loss of more than 4%. Within the index, in terms of points, ICICI BANK contributed the highest on the downside followed by HDFC BANK.

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 should now emerge around 34000 while support may emerge around 32000.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
BALRAMCHIN 443 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 439 and for the target of 455.
DEEPAKNTR 1830 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 1825 with a stop loss of 1860 and target  of 1780.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATAMOTOR 390 PE BUY 21 CMP 15 35 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SYNGENE.Mar 31 538 0.02 5.82 866150 JKCEMENT.Mar 31 2339.3 -10.76 16.69 324275
MGL.Mar 31 716.45 0.06 1.45 3808800 CHOLAFIN.Mar 31 606.6 -7.91 7.72 9990000
MRF.Mar 31 65494.55 0.13 8.13 82440 IDEA.Mar 31 9.55 -7.73 1.77 8.12E+08
ITC.Mar 31 225.8 0.16 5.97 1.42E+08 INDUSINDBK.Mar 31 833.05 -7.69 6 26404200
SUNTV.Mar 31 436.45 0.2 0.33 12427500 BANKBARODA.Mar 31 93 -7.6 13.56 1.1E+08
                                                                        Short Covering                                                                       Long Unwinding
DIVISLAB.Mar 31 4099.95 0.11 -0.66 2547300 OBEROIRLTY.Mar 31 788 -7 -1.76 1956500
LTTS.Mar 31 4633.9 0.21 -2.82 579200 DLF.Mar 31 314.1 -4.31 -0.18 38964750
INDHOTEL.Mar 31 191 0.21 -0.3 18521310 BOSCHLTD.Mar 31 14141.45 -3.42 -0.33 133900
INTELLECT.Mar 31 685.1 0.36 -1.2 553500 TRENT.Mar 31 1068 -2.47 -0.45 2900725
BIOCON.Mar 31 330.5 0.46 -1.01 17378800 EXIDEIND.Mar 31 141.75 -2.41 -0.54 21092400

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Marico Limited 481.85 -3.83 1540133 0 78.1 Nifty50 15863.15 -2.35 78693
Icici Lombard General In 1205.35 -1.06 711060 0 73.25 Niftybank 32871.25 -4.47 78693
Hindustan Unilever Ltd 1943.95 -3.74 2976453 0 71.57 Nifty it 34135.9 -0.12 78693
Honeywell Auto India Ltd 39488.9 0.8 3860 0 68.46 India Vix 29.33 4.9 78696
Hdfc Bank Ltd. 1324.8 -3.05 13527229 0 66.03 Nifty Fmcg 33657.45 -2.8 78696
Crompton Greaves Consume 376 -3.33 1806681 0 65.46 Nifty Pharma 12546.85 -0.42 78696
Hdfc Ltd. 2121.95 -4.31 7675627 0 65.33 Nifty Realty 393.65 -5.47 78696
Larsen & Toubro Limited 1634.45 -4.52 6318251 0 64.63 Nifty Auto 9480.45 -4.21 78696
Godrej Cons Products Ltd 664.7 -7.94 3263788 0 63.92 Nifty Metal 6136.15 2.1 78696
Dabur India Ltd. 505.95 -6.14 3178030 0 61.64 Nifty Media 1987.8 -0.47 78696
Nifty Financial Services 15391.15 -4.28 78699

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

  • On Thursday, while addressing a post-Budget webinar, Union Minister of Commerce Piyush Goyal urged the industries to increase India’s share in global trade to 10 per cent and increase the export to GDP ratio to 25 per cent. The target may seem achievable given the stellar growth the economy has witnessed post-Covid and the 33 per cent rise expected in exports compared to last year. India is expected to have an export-to-GDP ratio of 20.8% this year; in 2013-14, India’s export-to-GDP ratio was 25.4%.
  • Navi Technologies is planning to raise Rs 4,000 crore in fresh capital through an initial public offering (IPO). The company is expected to file its draft red herring prospectus with market regulator Sebi this week, said people in the know. ICICI Securities, BofA and Axis Capital are the investment banks handling the share sale.
  • Mining behemoth Coal India will not have luxury to retain its loss-making mines with its aim to remain competitive in the wake of privatisation of coal blocks, a senior government official said on Monday. It is also expected that India will have a surplus of coal for thermal power plants by next year even though electricity demand grows by six per cent, he said.
  • Bharti Airtel and Axis Bank on Monday announced the launch of Airtel Axis Bank Credit Card as part of a “strategic partnership to strengthen the growth of India’s digital ecosystem through a range of financial solutions”. In a bid to accelerate adoption of digital payments in the country, over the coming months, Airtel and Axis Bank will bring to market a range of innovative financial offerings and digital services exclusively for Airtel’s 340 million plus customers.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
CORALAB General 08-Mar-22 TOYAMIND General 09-Mar-22
GEL General 08-Mar-22 BCLIL Interim Dividend 10-Mar-22
MPL General 08-Mar-22 INDINFO General 10-Mar-22
SHALPAINTS General 08-Mar-22 INDLEASE General 10-Mar-22
SHRIRAMCIT Interim Dividend;General 08-Mar-22 KABRADG General 10-Mar-22
AKSHAR General 09-Mar-22 MOTOGENFIN General 10-Mar-22
BALPHARMA Amalgamation;General 09-Mar-22 PARACABLES General 10-Mar-22
BRANDBUCKT Increase in Authorised Capital 09-Mar-22 RAMSARUP Audited Results;Quarterly Results 10-Mar-22
DILIGENT Stock  Split 09-Mar-22 SAMPRE Right Issues;Preferential Issue of shares 10-Mar-22
DWL General 09-Mar-22 WARDINMOBI General 10-Mar-22
MANGIND General 09-Mar-22 GAIL Interim Dividend;General 11-Mar-22
PENIND Buy Back of Shares;General 09-Mar-22 KESARPE General 11-Mar-22
PNBHOUSING General 09-Mar-22 RACE General 11-Mar-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
DEEP 08-Mar-22 Bonus issue 3:4 EIDPARRY 10-Mar-22 Interim Dividend – Rs. – 5.5000
VIPIND 08-Mar-22 Interim Dividend – Rs. – 2.5000 MUL 10-Mar-22 Stock  Split From Rs.10/- to Rs.1/-
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 ULTRACAB 10-Mar-22 Stock  Split From Rs.10/- to Rs.2/-
7TEC 10-Mar-22 Interim Dividend – Rs. – 1.0000 VISHAL 10-Mar-22 Bonus issue 2:1
ADVIKCA 10-Mar-22 Right Issue of Equity Shares SRTRANSFIN 11-Mar-22 Interim Dividend – Rs. – 12.0000
BCLENTERPR 10-Mar-22 Stock  Split From Rs.10/- to Rs.1/- ARIHCAPM 14-Mar-22 Interim Dividend – Rs. – 0.7500
BCLENTERPR 10-Mar-22 Bonus issue 1:1 DICIND 14-Mar-22 Final Dividend – Rs. – 3.0000

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