NIFTY:
NIFTY opened at 17913.30 with a gap up of 101 points. The index first moved down and recorded its intraday low at 17879.15, Prices found support there and went up. The index came close to a psychological level of 18000 and then took a pause. A sideways movement begins that lasted the whole afternoon and eventually broke on the upside. Prices rallied again in the second half and recorded its intraday high at 18017.45 in the last minutes of trading. The NIFTY finally closed at 18003.3 with a gain of 190.60 points or 1.07% up. All the sectoral indices have closed with gains today. The PHARMA and IT underperformed today and closed with marginal gains while BANK and FINANCIALS have led the bulls today.
We should look for buying only. The idea is to either buy on a dip at 17800 or buy on a breakout above the first 30 minutes of high. Take only one trade whichever executes first. Keep a stop of 110 points and a target of 240 points. The index had recorded its lifetime highs at 18604. This level is now acting as resistance if the index remains above the 18000 level. Support has now shifted at 17650 which is also the previous swing low.
BANK NIFTY:
BANK- BANK NIFTY opened at 38000.90 with a gap up of 245 points. The index recorded its intraday low at 37943.55 and moved up. Prices have consolidated then and eventually broke on the upside. Prices have recorded its intraday high at 38400.35 and finally closed at 38344.95 with again 589 points. PSU BANKS have seen an outperformance today and ended with a gain of 3.23%.PVT BANKS have also seen a rally today and closed with again of 1.55%.Withinthe index, in terms of points, ICICI BANK contributed the highest while INDUSIND BANK contributed the lowest.
We should look for to either buy on a dip towards 38000 or buy on a breakout above 38500. In case of a gap up at 38500 buy above the first 15 minutes of high. Take only one trade whichever executed first. Keep a stop of 300 points and a target of 700 points from your entry price.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| ADANIENT | 1752 | 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 above 1755 with a stop loss of 1725 and for the target of 1790. |
| TATAMOTOR | 503 | BUY | The immediate trend of the script is bullish. There is a positive cross over of moving averages as well as of the indicators therefore it can be buy above 504 with a stop loss of 498 and target of 520. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| IRCTC | 880CE | BUY | 32 | CMP | 22 | 50 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| IGL.Jan 27 | 470.8 | 0.05 | 2.04 | 13503875 | COFORGE.Jan 27 | 5464.95 | -4.32 | 22.26 | 932500 | |
| FSL.Jan 27 | 182.7 | 0.05 | 2.36 | 11172200 | IPCALAB.Jan 27 | 1062.8 | -3.52 | 10.28 | 2428200 | |
| INDUSTOWER.Jan 27 | 261.7 | 0.06 | 0.33 | 15405600 | LTTS.Jan 27 | 5631.9 | -2.82 | 16.44 | 770400 | |
| EICHERMOT.Jan 27 | 2829.75 | 0.08 | 1.16 | 2190650 | WIPRO.Jan 27 | 693.55 | -2.63 | 18.4 | 31472000 | |
| GSPL.Jan 27 | 316.55 | 0.09 | 5.16 | 1421200 | SBICARD.Jan 27 | 906.4 | -2.55 | 11.02 | 4947000 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| ICICIGI.Jan 27 | 1455 | 0.13 | -0.13 | 2898500 | GMRINFRA.Jan 27 | 48.45 | 5.67 | -5.89 | 78345000 | |
| BPCL.Jan 27 | 399.55 | 0.36 | -0.02 | 28501200 | BANKBARODA.Jan 27 | 92.35 | 5.18 | -2.45 | 1.37E+08 | |
| WHIRLPOOL.Jan 27 | 1854.95 | 0.37 | -0.75 | 897250 | RBLBANK.Jan 27 | 141.5 | 4.39 | -2.69 | 39947500 | |
| MRF.Jan 27 | 74700.05 | 0.54 | -0.74 | 55320 | HDFCAMC.Jan 27 | 2532.95 | 3.31 | -0.79 | 3072000 | |
| VEDL.Jan 27 | 341.55 | 0.84 | -0.73 | 53893500 | HAL.Jan 27 | 1298.1 | 2.87 | -2.38 | 2847625 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Sbi Life Insurance Compa | 1229.1 | 0.96 | 1379165 | 0 | 77.56 | Nifty 50 | 18003.3 | 1.07 | 76344 | |
| Hindustan Unilever Ltd | 2407.05 | -0.38 | 919406 | 0 | 72.91 | Nifty Bank | 38347.9 | 1.61 | 76344 | |
| Hdfc Asset Management Co | 2518.25 | 3.18 | 285654 | 0 | 72.19 | Nifty it | 38212.2 | 0.19 | 76344 | |
| Hdfc Ltd. | 2659.65 | 2.42 | 5328083 | 0 | 71.44 | Nifty Auto | 11501.7 | 1.87 | 76347 | |
| Power Grid Corporation o | 204 | -0.58 | 8314283 | 0 | 66.74 | Nifty Metal | 5718.8 | 0.6 | 76347 | |
| Piind | 2887.35 | -2.09 | 384955 | 0 | 65.03 | India Vix | 17.68 | 0.44 | 76344 | |
| Larsen & Toubro Limited | 1953.1 | 2.53 | 2397841 | 0 | 63.99 | Nifty Media | 2293.6 | 2.25 | 76347 | |
| Hcl Technologies Ltd. | 1288.1 | -0.19 | 2529949 | 0 | 63.9 | Nifty Fmcg | 37984.05 | 0.32 | 76344 | |
| Nestleind | 19708 | -0.98 | 20617 | 0 | 62.45 | Nifty Realty | 495.15 | 1.92 | 76347 | |
| Tata Consultancy Serv Lt | 3879.85 | 0.68 | 3937085 | 0 | 61.03 | Nifty Pharma | 13858.95 | 0.01 | 76344 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Industrial Production (YoY) (Nov) on 12th January, 2022
INR: CPI (YoY) (Dec) on 12th January, 2022 |
•USD: CPI (YoY) (Dec) on 12th January 2022
•USD : Crude Oil Inventories on 12th January 2022 |
NEWS UPDATES
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Video game maker Take-Two Interactive Software Inc will acquire mobile game maker Zynga Inc in a cash-and-stock deal at an enterprise value of nearly $12.7 billion, the companies said on Monday. Take-Two said it would acquire all the outstanding shares of Zynga at $9.86 per share. Shares of Zynga rose 40.2% to $8.89 in trading before the bell on Monday.
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Larsen & Toubro (L&T) on Monday said its construction arm has bagged a significant order from National High Speed Rail Corporation Ltd (NHSRCL). The major scope of work for the project comprises design and construction of civil and building works for a double-line high speed railway of a length of 8.198 km, L&T said in a statement. The scope of the work also includes the major station of Vadodara, confirmation car base, viaduct and bridges, crossing bridges, architectural and other associated works.
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The U.S. Federal Reserve will hike interest rates four times this year and begin the runoff process for its balance sheet as soon as July, Goldman Sachs economists said. The research arm of the U.S. investment bank earlier predicted the Fed would raise rates in March, June and September, but it now expects another hike in December.
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Billionaire Gautam Adani-led Adani Group has floated a new subsidiary ANIL (Adani New Industries Ltd) which will handle and operate its renewable energy (RE) business. ANIL and Mukesh Ambani’s Reliance Industries are set to change the Indian RE sector. ANIL will also manufacture solar modules, batteries, electrolyzers, associated upstream manufacturing as well as ancillary industries and undertake all such activities associated therewith in this regard.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ATHARVENT | Quarterly Results | 11-Jan-22 | JTLINFRA | Results;Voluntary Delisting of Shares | 11-Jan-22 |
| CENTEXT | General | 11-Jan-22 | KATRSPG | Quarterly Results | 11-Jan-22 |
| DANUBE | Quarterly Results | 11-Jan-22 | KIRIINDUS | General | 11-Jan-22 |
| DELTACORP | Quarterly Results | 11-Jan-22 | MADHUDIN | Quarterly Results | 11-Jan-22 |
| DIVYAJYQ | General | 11-Jan-22 | NATIONSTD | Quarterly Results | 11-Jan-22 |
| EARUM | Quarterly Results | 11-Jan-22 | NRINTER | Quarterly Results | 11-Jan-22 |
| GANESHHOUC | Quarterly Results | 11-Jan-22 | PTIL | General | 11-Jan-22 |
| GRINFRA | General | 11-Jan-22 | RADHEDE | Quarterly Results | 11-Jan-22 |
| GYTRIPA | General;Quarterly Results | 11-Jan-22 | SEL | Quarterly Results | 11-Jan-22 |
| HATHWAYB | Quarterly Results | 11-Jan-22 | SMARTFIN | General | 11-Jan-22 |
| INTEGRA | General;Quarterly Results;Rights Issue | 11-Jan-22 | SUPRAP | General | 11-Jan-22 |
| ISWL | Right Issue;In. in Auth. Cap.;Pref. Issue | 11-Jan-22 | VIKASPROP | Quarterly Results | 11-Jan-22 |
| JETINFRA | General | 11-Jan-22 | CSLFINANCE | Issue Of Warrants;Pref. Issue of shares | 12-Jan-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| AXITA | 11-Jan-22 | Bonus issue 1:2 | AJANTPHARM | 13-Jan-22 | Buy Back of Shares |
| GMRINFRA | 11-Jan-22 | Spin Off | BHATIA | 13-Jan-22 | E.G.M. |
| SCHABLON | 11-Jan-22 | Amalgamation | INDOAMIN | 13-Jan-22 | Stock Split From Rs.10/- to Rs.5/- |
| SINDHUTRAD | 12-Jan-22 | E.G.M. | INFRATRUST | 13-Jan-22 | Income Distribution (InvIT) |
| SMLT | 12-Jan-22 | Interim Dividend – Rs. – 1.0000 | JAMESWARREN | 13-Jan-22 | Buy Back of Shares |
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