News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

*SGX Nifty +117 pts (17834) from Friday's last trade 17717 ,*  

Nikkei -72 pts , 

Hangseng +66 pts , 

Now @6.53am . 

Dow +151.39 pts ,

Nsdq +80.87 pts, 

S&P +16.99 pts, 

Bovespa +267 pts , 

Ftse +8 pts , 

Dax +20 pts , 

Cac +16 pts , 

Crude @ $88.16 brl (-1.25), 

Brent @ $95.10 brl (-0.00) , 

Gold @ 1794.80 (-3.30), 

Silver @ $20.18 (-0.09), 

Euro @ $1.016, 

JPY @ $133.07,  

INR @ 79.545

*Today's Corporate Action*

*16th Aug Ex Date*

None

*Today's Key Results/Board Meetings*

*16-Aug-22*

Apar Industries, Neogen Chemicals: Officials of the companies will attend NBIE - Investor Conference - August 2022 hosted by Nirmal Bang Institutional Equities. 

Rainbow Children's Medicare: Officials of the company will attend Investor Roadshow host by Kotak Securities. 

Metro Brands: Officials of the company will meet Nirmal Bang, and JP Morgan Asset Management. 

Ramco Cements: Officials of the company will attend investors' meets at Singapore, organised by B & K Securities. 

Aegis Logistics: The company will hold Q1FY23 earnings conference call to discuss operational & financial performance. 

Tata Chemicals: Officials of the company will meet Ruane Cunniff Goldfarb. 

UPL: Officials of the company will meet several fund houses, analysts, institutional investors in a virtual conference organised by Kotak Securities. 

Hindware Home Innovation: Officials of the company will meet analysts and investors to discuss financial results for the first quarter ended June 2022. 

Fiem Industries: Officials of the company will meet analysts and investors to discuss financial results for the first quarter ended June 2022.

*Derivatives update for podcast*

Good morning !! Greetings from Motilal Oswal. Derivatives update for Tuesday, 16th August 2022.

India VIX was down by 4.10% from 18.35 to 17.60 levels. Volatility cooled down giving respite to the bulls and needs to sustain at lower levels for market stability.

Nifty *Put/Call Ratio* (OI) decreased from 1.38 to 1.24 level.

On Option front, Maximum Call OI is at 18000 then 17500 strike while Maximum Put OI is at 16500 then 17000 strike. Call writing is seen at 17700 then 18100 strike while Put writing is seen at 17600 then 17700 strike.

*Option data suggests an immediate trading range between 17300 to 17800 zones while a broader trading range in between 17200 to 18000 zones.*

For weekly Bank Nifty, Maximum Put OI is at 39000 then 38000 strike and maximum Call OI is placed at 40000 then 39000 strike. We have seen Call writing in 4000 while Put writing is witnessed at 39000 strike.   

Bank Nifty Put Call Ratio increased from 1.15 to 1.23. Implied volatility fell from 18.3 to 16 levels.

Bank Nifty (CMP 39,042.30)

Data setup for Bank Nifty suggests a trading range in between *38500/38750 to 39250/39500 zones.*

Looking ahead at the FII’s derivatives activity, there was long built up in index futures, call & put buying in index options and short built up in stock futures.

In the cash market, FIIs were net buyers to the tune of 5040 crores while DII’s were net sellers worth 839 crores. FIIs Index Long Short Ratio increased to 58.32%.

Derivatives data and price set up suggests, Nifty has to hold above 17600 zones for an up move towards 17850 and 18000 zones whereas support is intact at 17550 and 17442 zones.

Bank Nifty has to hold above 38888 zones for an up move towards 39250 and 39500 zones whereas supports are placed at 38750 and 38500 zones.

Thank you. Have a great trading day and week ahead..!!

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*Pre-Market Derivatives and Technical Set-up*

◆ Nifty index opened flattish and after marginal decline in the first tick, it moved in the positive direction for the rest of the session. It moved in a range bound manner but bulls kept up with the momentum and it closed with gains of around 40 points. It formed a Bullish candle on daily scale and gave the highest daily close of the last eighty six sessions. It formed a Bullish candle on weekly scale and has been making higher lows from the last eight weeks

◆ Now it has to hold above 17600 zones for an up move towards 17850 and 18000 zones whereas support is intact at 17550 and 17442 zones

◆ India VIX was down by 4.10% from 18.35 to 17.60 levels. Volatility cooled down giving respite to the bulls and needs to sustain at lower levels for market stability

◆ On Option front, Maximum Call OI is at 18000 then 17500 strike while Maximum Put OI is at 16500 then 17000 strike. Call writing is seen at 17700 then 18100 strike while Put writing is seen at 17600 then 17700 strike. Option data suggests an immediate trading range between 17300 to 17800 zones while a broader trading range in between 17200 to 18000 zones

◆ Bank Nifty opened positive and continued its winning streak after taking support near to 38750 zones. It continued the outperformance and headed towards 39100 zones with the formation of small bodied bullish candle on daily scale. It has been making higher lows from last eight weeks and supports are gradually shifting higher

◆ Now it has to hold above 38888 zones for an up move towards 39250 and 39500 zones whereas supports are placed at 38750 and 38500 zones

◆ Bullish setup in IGL, MGL, Bharatforg, Trent, HAL, Voltas, ICICI Bank, UPL, Tatasteel, SBIN, Axis Bank, Recltd, HDFC, PFC, Reliance, Tata Power, Powergrid and NTPC 

◆ Bearish setup in Ipca Labs, PVR, Divislab, Apollo Hospital, Tataconsum, Srtransfin, Colpal, Biocon and Heromotoco

*Technical & Derivatives Research, Motilal Oswal*

STOCKS TO WATCH: LIC, HINDUSTAN OIL, EUREKA FORBES, REPCO HOME, APOLLO TYRES, ITD CEMENTATION, AEGIS LOGISTCIS, SUN TV, M&M, J K CEMENT

LIC: Q1 Sl Net Profit Rupees 6.83b Vs 29.4m (YoY); 23.72b (QoQ) || Q1 Revenue Rupees 983.52b Vs 817.21b (YoY); 1.44t (QoQ) 

Hindustan Oil Exploration Co: Q1 Sl Net Profit Rupees 342m Vs Loss 109m (QoQ); Profit 117m || Q1 Revenue Rupees 657m Vs 388m (QoQ); 255m (YoY)

Eureka Forbes: Q1 Cons Net Profit Rupees 198m Vs Loss 1m (YoY); Profit 46m (QoQ) || Q1 Revenue Rupees 5.26b Vs 11m (YoY); 3.74b (QoQ) 

Repco Home Finance: Q1 Cons Net Profit Rupees 620m Vs 322m (YoY); 420m (QoQ) || Q1 Revenue Rupees 2.97b Vs 3.16b (YoY); 3.08b (QoQ) 

Apollo Tyres: Q1 Cons Net Profit Rupees 1.91b Vs 1.28b (YoY); 1.13b (QoQ) || Q1 Revenue Rupees 59.42b Vs 45.84b (YoY); 55.78b (QoQ) 

Apollo Tyres: Q1 Cons Net Profit Rupees 1.91b Vs 1.28b (YoY); 1.13b (QoQ) || Q1 Revenue Rupees 59.42b Vs 45.84b (YoY); 55.78b (QoQ) 

Hero Motocorp: Q1 Sl Net Profit Rupees 6.24b Vs 3.7b (YoY); Est 7.7b | 6.3b (QoQ) || Q1 Revenue Rupees 83.93b Vs 54.9b (YoY); 74.22b (QoQ)

Zee Entertainment Enterprises: Q1 Cons Net Profit Rupees 1.07b Vs 2.14b (YoY); Est 2.19b | 1.82b (QoQ) || Q1 Revenue Rupees 18.45b Vs 17.75b (YoY); 23.23b (QoQ) 

Muthoot Finance: Q1 Sl Net Profit Rupees 8.02b Vs 9.71b (YoY); Est 10.33b | 9.6b (QoQ) || Q1 Revenue Rupees 25.04b Vs 27.14b (YoY); 26.69b (QoQ) 

ONGC: Q1 Sl Net Profit Rupees 152b Vs 88.59b (QoQ); Est 172b | 43.35b (YoY) || Q1 Revenue Rupees 423.2b Vs 345b (QoQ); 230b (YoY) 

J.K. Cement: Q1 Cons Net Profit 1.63b Rupees Vs 1.92b (YoY); 2b (QoQ) || Q1 Revenue 22.9b Rupees Vs 17.1b (YoY); 23.51b (QoQ) 

Sun TV Network: Q1 Cons Net Profit Rupees 4.94b Vs 3.65b (YoY); 4.10b (QoQ)  Q1 Revenue Rupees 12.19b Vs 8.18b (YoY); 8.56b (QoQ)  Co Approved Dividend Of Rupees 5 /Share.

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