MARKET OUTLOOK OF 29 APRIL 2022

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Indian benchmark indices ended lower on April 29, with the Nifty closing near 17,100 mark amid selling across sectors. On the back of positive global cues, the Nifty started the May F&O series on higher note and remain in the positive territory, before witnessing profit booking in the final hour of trade .At close, the Sensex was down 460 points at 57,060, and the Nifty was down 142.50 points 17,102.For this week, BSE Sensex and Nifty lost 0.23 percent and 0.40 percent, while April saw a fall of 2.57 percent and 2.07 percent, respectively. Dips were encouraging investors to accumulate quality stocks with focus on defensives & domestic growth sectors like manufacturing & capital goods. We’ve been seeing the index oscillating in a broader range for the last two weeks and there’s no clarity over the next directional move yet. We reiterate our cautious view and suggest waiting for a decisive break from the 16,800-17,300 range. Apart from the global cues, domestic factors like earnings, LIC IPO and auto sales numbers will also be in focus. Some glimpses of today’s trading session.

1. All sectoral indices in the red

2.Maruti Suzuki slips, Ultra Tech flat despite higher-than-expected earnings

3.Axis Bank top Nifty loser after earnings, stock down 6 percent

4.Auto stocks slip ahead of monthly sales numbers, Bajaj Auto top loser

 

5.Shriram Transport top midcap gainer after strong earnings

 

6.Laurus Labs gains 5 percent from lows on positive management commentary

MARUTI SUZUKI RESULTS ON 29 APRIL 2022

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The market re coupled all its previous day's losses and gained more than one-and-half percent on April 28, as all the sectors participated in the rally. Benchmarks Nifty 50 closed above 17,200 and the Sensex rose by nearly 700 points. The recovery in the market was led by FMCG, oil & gas and bank stocks.  Under performing benchmarks, Nifty midcap and small cap ended with 0.7 and 0.5% gains respectively in the broader market as India Volatility Index (VIX) dropped below 20-mark. Index heavyweight Reliance Industries gave significant support to the market as the stock hit a fresh record high of Rs 2,851 and became the most valued listed entity in India . FPIs are in a selling mode while domestic investors are positive and will focus on defensives like Consumption and domestic growth sectors like Infra & capital goods. Volatility is expected to continue in the short-term due to weakening global trade and we suggest investors to have rationale expectations focusing on domestic growth sectors like CAPEX, banking and defensives .India's largest car maker Maruti Suzuki India is likely to report bumper March quarter 2022  results on Friday, April 29.The  revenue growth of 10-11 per cent year-on-year is anticipated , driven by price hikes taken over the last few quarters, including two rounds of price hikes taken this year to offset input cost rise.

Support- 17000; 16800; 16500

Resistance- 17500; 17800; 18000

WHAT IS OPTION STRATEGY ??

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Options strategies are the simultaneous and often mixed buying or selling of one or more options that differ in one or more of the option variables. Call options, simply called calls, give the buyer the right to buy a specific stock at that option's strike price. In contrast, put options, simply called puts, give the buyer the right to sell a particular stock at the option's strike price. This is often done to expose oneself to a specific type of opportunity or risk while eliminating other risks as part of a trading strategy.

A very simple strategy could be simply buying or selling a single option; However, options strategies often refer to a combination of buying and/or selling options at the same time. Options strategies allow traders to profit from movements in underlying assets based on market sentiment (i.e. bullish, bearish or neutral). Neutral strategies can be further divided into those that are bullish on volatility, and those that are bearish on volatility. Traders can also benefit from time decay, when the stock market is experiencing low volatility. The options positions used can be long and/or short positions in calls and puts.

6513/- PROFIT BOOKED IN INTRADAY CASH CALL

                                     RAYMOND  CASH CALL 1st TARGET ACHIEVED @ 890

BUYING CALL GIVEN FROM 881 BOOKED PROFIT OF 1125

 SUNTECK CASH CALL BOTH TARGET ACHIEVED 463/469
BUYING CALL GIVEN FROM 457 BOOKED PROFIT OF 4038

 BRIGADE CASH 1st TARGET ACHIEVED @ 465
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INTRADAY CASH CALL FOR 27 APR 2022

  BUY RAYMOND 250 SHARES ABOVE 881 TG 890/898 SL 871

BUY BRIGADE 450 SHARES ABOVE 459 TG 465/470 SL 452

 BUY SUNTECK 450 SHARES ABOVE 457 TG 463/469 SL 450

WIPRO RESULTS FOR 29 APR 2022

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Wipro announced friday that the company's board of directors will report results for the fourth quarter and year ended march 31, 2022 on friday, april 29,2022, after exchange trading hours. The IT major reported a 1.3% rise in consolidated net profit to rs.2,970 crore on an increase in operating income of 3.3% to rs.20,313 crore in the third quarter of fy22 from the second quarter of fy22. In us dollar terms, wipros gross revenue was $2.7 billion for the third quarter of the fiscal year ended 2022.

IT services segment revenue was $2,639.7 million, up 2.3% qoq and 27.5% yoy. Operating margin for it services was 17.6% for the quarter, down 19 basis points sequentially. This corresponds to sequential growth of 2% to 4%. Wipro is a global information technology, consulting and business process services company. Wipro shares fell 0.25% to close at rs 537.85 on friday.

5000/-PROFIT BOOKED IN INTRADAY NIFTYFUTURE CALL

                                      BANK NIFTY FUT ACHIEVED 1st TARGET @ 36530

BUYING CALL GIVEN FROM 36330

BOOKED PROFIT OF 5000

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NIFTY FUTURE LEVELS FOR 26 APR 2022

BUY BANK NIFTY 2 LOTS ABOVE 36330 TG 36530/36700
SL 36100

TRADING IDEA FOR TOMORROW 26 APR 22

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Today market remained under selling pressure for the second consecutive day, with the Sensex falling more than 700 points while its global peers were caught in a bear trap. The slump was worse as China was gripped by a rising COVID risk and Wall Street posted a sharp downtrend last Friday on increasingly aggressive messages from the Federal Reserve. Still, 46 stocks not only bucked the trend but hit record highs on Monday. Today, the market remained under selling pressure for the second consecutive day, with the Sensex falling more than 700 points while its global peers were caught in a bear trap. The slump was worse as China was gripped by a rising COVID risk and Wall Street posted a sharp downtrend last Friday on increasingly aggressive messages from the Federal Reserve. Still, 46 stocks not only bucked the trend but hit record highs on Monday.

Also included in the top circle with 5% were Axiscades Technologies, Hubtown, Transwarranty Finance, Hardwyn India, Karnavati Finance, Sharika Enterprises, Kaushalya Infrastructure, Kavveri Telecom, Kohinoor Foods, Consolidated Construction Consortium, Veeram Securities, Zenith Steel Pipes and Impex Ferro Tech everyone.

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 ICICI BANK FUT ACHIEVED BOTH TARGET 756/ 760 BUYING CALL GIVEN FROM 752 BOOKED PROFIT OF 13500

 HAVELLS FUT ACHIEVED BOTH TARGET  1305/1315  BUYING CALL GIVEN FROM 1295 BOOKED PROFIT OF  15000

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STOCK FUTURE CALLS FOR 25-APR-2022

 BUY ICICI BANK 2 LOTS ABOVE 752 TG 756/760 SL 747

BUY HAVELLS 2 LOTS ABOVE 1295 TG 1305/1315 SL 1283

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