Kal ka Gyan 💬 (12-April-2024)
Following a gap-up opening, the Nifty fluctuated within a narrow range of 22675-22730 during the initial half of the trading session. Subsequently, increased buying interest in specific index heavyweights propelled the Nifty above 22750. Eventually, the index closed in the positive territory, registering a gain of 0.49 percent.
The Nifty Midcap 100 index demonstrated superior performance in comparison to the Nifty 50, settling positively with a gain of 0.97 percent.
Among a range of sectors, Media and PSU Banks stood out as top performers, exhibiting strength. Conversely, Pharma and Auto lagged behind, facing hurdles and displaying weaker performance throughout the trading session.
The options market indicates that the highest open interest on the call side is at 23200 level, while on the put side, its at 22700. Looking at today's option chain, we observe a greater amount of put writing activity compared to call writing, signaling a bullish sentiment in the market.
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22585 and 22910. The Max Pain is seen at 22700 spot with the CE/PE Combined Residual Premium/Pain Value of 139.41 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net buying with an activity totaling 2778.17 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 163.36 crore.
Following a gap-up opening, the Nifty fluctuated within a narrow range of 22675-22730 during the initial half of the trading session. Subsequently, increased buying interest in specific index heavyweights propelled the Nifty above 22750. Eventually, the index closed in the positive territory, registering a gain of 0.49 percent.
The Nifty Midcap 100 index demonstrated superior performance in comparison to the Nifty 50, settling positively with a gain of 0.97 percent.
Among a range of sectors, Media and PSU Banks stood out as top performers, exhibiting strength. Conversely, Pharma and Auto lagged behind, facing hurdles and displaying weaker performance throughout the trading session.
The options market indicates that the highest open interest on the call side is at 23200 level, while on the put side, its at 22700. Looking at today's option chain, we observe a greater amount of put writing activity compared to call writing, signaling a bullish sentiment in the market.
The Volume Weighted Average Price (VWAP) suggests a trading range for the next day between 22585 and 22910. The Max Pain is seen at 22700 spot with the CE/PE Combined Residual Premium/Pain Value of 139.41 Crores.
In the cash market, Foreign Institutional Investors (FIIs) were net buying with an activity totaling 2778.17 crore, while Domestic Institutional Investors (DIIs) exhibited a net buying activity of 163.36 crore.
Opening Bell:
Nifty: 22,707.45 (-0.21%)
Sensex: 74,906.82(-0.17%)
Banknifty: 48,835.45 (-0.29%)
Top Gainer: Metropolis , 1,917 (+6.40%)
Top Loser: Policybzr , 1,280 (-4%)
Nifty: 22,707.45 (-0.21%)
Sensex: 74,906.82(-0.17%)
Banknifty: 48,835.45 (-0.29%)
Top Gainer: Metropolis , 1,917 (+6.40%)
Top Loser: Policybzr , 1,280 (-4%)
3️⃣Things That Will Decide The Market Today 📈
🔴 GIFT NIFTY traded 38 points lower at 22,676 signalling that the Indian stock market is headed for a negative start today.
🔴 U.S. stocks jumped up on Thursday, mainly because of strong tech companies and hopes that inflation is cooling. The Nasdaq rose significantly and ended at 1.68%, especially helped by megacaps, sensitive to interest rates. The S&P 500 also went up and ended at 0.74%, but the Dow ended essentially unchanged.
🔴 The volatility index India VIX plunged down by 2.18% to the levels of 11.11 indicating depleting volatility in the market.
Daily Fundamental and Technical Picks
Fundamental Picks (for more than a year)
1) PNB Housing - Target - 1000 (30%)
2) Kolte Patil - Target - 700 (27%)
3) Godrej Consumer - Target - 1500 (22%)
4) ICICI Lombard - Target - 2000 (19%)
5) Kirloskar Oil - Target- 1020 (14%)
Technical Pick (for 2-3 days)
PNB
Previous Close - 136
Target - 145
Potential Upside - 7%
🔴 GIFT NIFTY traded 38 points lower at 22,676 signalling that the Indian stock market is headed for a negative start today.
🔴 U.S. stocks jumped up on Thursday, mainly because of strong tech companies and hopes that inflation is cooling. The Nasdaq rose significantly and ended at 1.68%, especially helped by megacaps, sensitive to interest rates. The S&P 500 also went up and ended at 0.74%, but the Dow ended essentially unchanged.
🔴 The volatility index India VIX plunged down by 2.18% to the levels of 11.11 indicating depleting volatility in the market.
Daily Fundamental and Technical Picks
Fundamental Picks (for more than a year)
1) PNB Housing - Target - 1000 (30%)
2) Kolte Patil - Target - 700 (27%)
3) Godrej Consumer - Target - 1500 (22%)
4) ICICI Lombard - Target - 2000 (19%)
5) Kirloskar Oil - Target- 1020 (14%)
Technical Pick (for 2-3 days)
PNB
Previous Close - 136
Target - 145
Potential Upside - 7%
Market Update:
Nifty: 22,570 (-183 points)
Sensex: 74,416 (- 621 points)
European Markets:
FTSE: 8,005.65 (+1.02%)
CAC: 8,106.77 (+1.03%)
DAX: 18,144.78 (+1.08%)
Nifty: 22,570 (-183 points)
Sensex: 74,416 (- 621 points)
European Markets:
FTSE: 8,005.65 (+1.02%)
CAC: 8,106.77 (+1.03%)
DAX: 18,144.78 (+1.08%)
SOURCES CLOSE TO THE IRGC HAVE REPORTED THAT IRANIAN AUTHORITIES HAVE NOT YET DECIDED WHETHER TO ATTACK ISRAEL, DESPITE PREVIOUSLY PROMISING TO DO SO
BREAKING: IDF spokesperson confirms that a swarm of drones were launched from Iran towards Israel, which will take a few hours to arrive.
Israel with USA and other allies are prepared to intercept them. IDF asking civilians to remain near bomb shelters. GPS disabled in Israel.
Israel with USA and other allies are prepared to intercept them. IDF asking civilians to remain near bomb shelters. GPS disabled in Israel.
STOCKS KA GYAN 💬
◆ Power Grid Corp.: The company will consider raising up to Rs 12,000 crore via NCDs on a private placement basis in a board meeting on April 17.
◆ Patanjali Foods: The company said segmental volume in Q4 experienced mid-single-digit growth (YoY) and revenue from the edible oil segment in Q4 showed modest single-digit growth compared to the previous quarter.
◆ Reliance Power: The company has transferred its 45 MW wind power project located in Maharashtra to JSW Renewable Energy for a consideration of Rs 132.39 crore.
◆ Ami Organics: The company approved the raising of funds up to Rs 500 crore through QIP.
◆ Engineers India: The company signed an MoU with Detect Technologies for Al-based monitoring of construction sites.
◆ ISMT: The company received two orders worth Rs 343.7 crore from ONDC for the supply of casing pipes.
◆ Zuari Industries: NCLT gave the nod to merge Zuari Sugar and Power with the company.
◆ Bharti Hexacom: Sanjeev Kumar and Surajit Mandol resigned from the board effective today.
◆ Granules: U.S. FDA inspected at Andhra Pradesh facility between April 8-12 and ended with zero observations.
◆ Rail Vikas Nigam: The company received a letter of acceptance for works in connection with new line project of Araria - Galgalia of N.F. Railway. The project cost is Rs 95 crore.
◆ Zaggle Prepaid: The company signed an agreement with Eversub India to provide employee expense & benefits management platform Zaggle Save.
◆ Power Grid Corp.: The company will consider raising up to Rs 12,000 crore via NCDs on a private placement basis in a board meeting on April 17.
◆ Patanjali Foods: The company said segmental volume in Q4 experienced mid-single-digit growth (YoY) and revenue from the edible oil segment in Q4 showed modest single-digit growth compared to the previous quarter.
◆ Reliance Power: The company has transferred its 45 MW wind power project located in Maharashtra to JSW Renewable Energy for a consideration of Rs 132.39 crore.
◆ Ami Organics: The company approved the raising of funds up to Rs 500 crore through QIP.
◆ Engineers India: The company signed an MoU with Detect Technologies for Al-based monitoring of construction sites.
◆ ISMT: The company received two orders worth Rs 343.7 crore from ONDC for the supply of casing pipes.
◆ Zuari Industries: NCLT gave the nod to merge Zuari Sugar and Power with the company.
◆ Bharti Hexacom: Sanjeev Kumar and Surajit Mandol resigned from the board effective today.
◆ Granules: U.S. FDA inspected at Andhra Pradesh facility between April 8-12 and ended with zero observations.
◆ Rail Vikas Nigam: The company received a letter of acceptance for works in connection with new line project of Araria - Galgalia of N.F. Railway. The project cost is Rs 95 crore.
◆ Zaggle Prepaid: The company signed an agreement with Eversub India to provide employee expense & benefits management platform Zaggle Save.
Nifty Option Chain Analysis (18APR2024)
CMP: 22385 (12:35PM)
📌 After Nifty opened significantly lower, it has steadily recovered over the past 2Hrs, inching up from 22260 towards the 22400 mark.
This indicates a semblance of stability amidst the initial volatility.
📌 Total OI : CALL @ 22.8Lk (+4Lk) Vs PUTs @ 19.8Lk (+6.6Lk); PCR @0.87
In Active-Strikes, the OI changes (marked in Grey) are inkling a mild +Ve picture with OI Ch @ +3.3Lk Calls Vs +3.9Lk Puts
📌 Money-flow Activity: No significant Buildups/Unwinds observed since 11:30AM
📌 Intraday Technical Sup/Res: 22250/22520
📌 Overall, OI data suggest a balanced stance
However, we remain vigilant for any shifts in numbers that could signal trading opportunities in either direction
CMP: 22385 (12:35PM)
📌 After Nifty opened significantly lower, it has steadily recovered over the past 2Hrs, inching up from 22260 towards the 22400 mark.
This indicates a semblance of stability amidst the initial volatility.
📌 Total OI : CALL @ 22.8Lk (+4Lk) Vs PUTs @ 19.8Lk (+6.6Lk); PCR @0.87
In Active-Strikes, the OI changes (marked in Grey) are inkling a mild +Ve picture with OI Ch @ +3.3Lk Calls Vs +3.9Lk Puts
📌 Money-flow Activity: No significant Buildups/Unwinds observed since 11:30AM
📌 Intraday Technical Sup/Res: 22250/22520
📌 Overall, OI data suggest a balanced stance
However, we remain vigilant for any shifts in numbers that could signal trading opportunities in either direction
Market Update:
Nifty: 22,345 (-174.90 points)
Sensex: 73,637.78 (-607.83 points)
European Markets:
FTSE: 7,955 (-0.51%)
CAC: 8,051.77 (+0.51%)
DAX: 18,059.83 (+0.72%)
Nifty: 22,345 (-174.90 points)
Sensex: 73,637.78 (-607.83 points)
European Markets:
FTSE: 7,955 (-0.51%)
CAC: 8,051.77 (+0.51%)
DAX: 18,059.83 (+0.72%)
WEEKLY MARKET HEALTH REPORT || 15 April 2024
Despite Sluggishness, Undertone remains Positive!
Last week, the markets traded mostly flat in the shortened trading period, displaying sideways movement. However, select sectors such as Metals, Autos, and Realty showed resilience amidst the sluggishness.
Despite the overall slowdown, our Market Sentiment model, TBI, indicates that the steady increase in the number of up-trending stocks within the N200 basket has not ceased.
This indicates that the underlying sentiment continues to remain bullish. As shown above, the Sentiment Forecast Plot remains positioned within the upper-right quadrant, affirming the market's strength.
As we look ahead to the upcoming week, while minor corrections may occur, they are likely to be met with buying interest.
Midcaps are anticipated to outperform, offering momentum traders opportunities for upside breakouts.
However, only a failure to recover from lower levels may pose a challenge to the present bullish momentum.
Despite Sluggishness, Undertone remains Positive!
Last week, the markets traded mostly flat in the shortened trading period, displaying sideways movement. However, select sectors such as Metals, Autos, and Realty showed resilience amidst the sluggishness.
Despite the overall slowdown, our Market Sentiment model, TBI, indicates that the steady increase in the number of up-trending stocks within the N200 basket has not ceased.
This indicates that the underlying sentiment continues to remain bullish. As shown above, the Sentiment Forecast Plot remains positioned within the upper-right quadrant, affirming the market's strength.
As we look ahead to the upcoming week, while minor corrections may occur, they are likely to be met with buying interest.
Midcaps are anticipated to outperform, offering momentum traders opportunities for upside breakouts.
However, only a failure to recover from lower levels may pose a challenge to the present bullish momentum.
3️⃣Things That Will Decide The Market Today 📈
🔴 GIFT NIFTY opened 66 points lower at 22,183 signalling that the Indian stock market is headed for a negative start today.
🔴 U.S. stocks fell significantly on Monday as Treasury yields went up and growing tensions between Iran and Israel. S&P 500 coming off its biggest one-day percentage drop since Jan. 31 in the previous session, stocks opened higher in part after data showed retail sales increased by more than expected in March.
🔴 The volatility index India VIX went up by 8.11% to the levels of 12.47 indicating increasing volatility in the market.
Daily Fundamental and Technical Picks
Fundamental Picks (for more than a year)
1) Polycab - Target - 7500 (41%)
2) TCS - Target - 4600 (17%)
3) Coal India- Target - 520 (15%)
4) ABB - Target - 7500 (14%)
5) SBI - Target- 860 (13%)
Technical Pick (for 2-3 days)
ONGC
Previous Close - 280
Target - 300
Potential Upside - 7%
🔴 GIFT NIFTY opened 66 points lower at 22,183 signalling that the Indian stock market is headed for a negative start today.
🔴 U.S. stocks fell significantly on Monday as Treasury yields went up and growing tensions between Iran and Israel. S&P 500 coming off its biggest one-day percentage drop since Jan. 31 in the previous session, stocks opened higher in part after data showed retail sales increased by more than expected in March.
🔴 The volatility index India VIX went up by 8.11% to the levels of 12.47 indicating increasing volatility in the market.
Daily Fundamental and Technical Picks
Fundamental Picks (for more than a year)
1) Polycab - Target - 7500 (41%)
2) TCS - Target - 4600 (17%)
3) Coal India- Target - 520 (15%)
4) ABB - Target - 7500 (14%)
5) SBI - Target- 860 (13%)
Technical Pick (for 2-3 days)
ONGC
Previous Close - 280
Target - 300
Potential Upside - 7%
Market Update:
Nifty: 22,128.15 (-144.90 points)
Sensex: 72,833.53 (-566.83 points)
European Markets:
FTSE: 7,855.67 (-1.38%)
CAC: 7,945.12(-1.22%)
DAX: 17,775.63 (-1.36%)
Nifty: 22,128.15 (-144.90 points)
Sensex: 72,833.53 (-566.83 points)
European Markets:
FTSE: 7,855.67 (-1.38%)
CAC: 7,945.12(-1.22%)
DAX: 17,775.63 (-1.36%)
Market Update:
Nifty: 22,143.15 (-4.90 points)
Sensex: 72,908.57 (-35.83 points)
European Markets:
FTSE: 7,897.27 (+0.63%)
CAC: 8,019.58 (+0.47%)
DAX: 17,804.60(+0.18%)
Nifty: 22,143.15 (-4.90 points)
Sensex: 72,908.57 (-35.83 points)
European Markets:
FTSE: 7,897.27 (+0.63%)
CAC: 8,019.58 (+0.47%)
DAX: 17,804.60(+0.18%)
Opening Bell:
Nifty: 22,257.80(+0.50%)
Sensex: 73,417.24(+0.45%)
Banknifty: 47,83823 (+0.55%)
Top Gainer: BPCL, 602.10.20 (+2.75%)
Top Loser: HDFCBANK, 1519.40(-0.80%)
Nifty: 22,257.80(+0.50%)
Sensex: 73,417.24(+0.45%)
Banknifty: 47,83823 (+0.55%)
Top Gainer: BPCL, 602.10.20 (+2.75%)
Top Loser: HDFCBANK, 1519.40(-0.80%)
*Vodafone Massive IPO of 18,000 cr creates Huge Successs Today*
Issue Subscribed: *7 times*
QIB Subscriptions: *20 times*
Shares Offered: *1200 cr*
Shares Applied: *8000+ cr*
Total amount collected: *Rs. 93,600 cr* (88,200 + 5400 anchor)
QIB Applied: *Rs. 72,000 cr* which is *2nd Highest* after Tata Tech IPO
(Even Bharti Hexacom received 63,000 cr)
No of Applicants: *11,67,058*
(Out of which 10,27,900 applicants retail - which is also Fully subscribed)
Issue Subscribed: *7 times*
QIB Subscriptions: *20 times*
Shares Offered: *1200 cr*
Shares Applied: *8000+ cr*
Total amount collected: *Rs. 93,600 cr* (88,200 + 5400 anchor)
QIB Applied: *Rs. 72,000 cr* which is *2nd Highest* after Tata Tech IPO
(Even Bharti Hexacom received 63,000 cr)
No of Applicants: *11,67,058*
(Out of which 10,27,900 applicants retail - which is also Fully subscribed)