NIFTY:
The NIFTY opened at 18115.60 without much of a change when compared to the last day’s closing price. The index initially went down but soon found support and bounced up. Prices have risen and then faced resistance around 18150 and started drifting downwards after recording its intraday high at 18145.45. The decline continued for the rest of the day. The index recorded its intraday low at 18016.20 and finally closed at 18027.65 near its day’s lows with a loss of 80.20 points or 0.44% down. BANK NIFTY outperformed today and ended with a gain of nearly half percent followed by FINANCIAL. MEDIA underperformed today and ended with a loss of 1.36% followed by MERAL, PHARMA, and FMCG. We were expecting a wide range day and that did not happen. Moreover, the index continued moving sideways inside a wide trading range of 17800- 18250. For this week we were expecting prices to remain within the said boundaries. On the weekly timeframe chart, the index is consolidating for the past four weeks. We may see a breakout in the next couple of weeks, Since the Union Budget is ahead so we may see an increase in volatility. We should now trade with lower volume or avoid trading.
BANK NIFTY:
The BANK NIFTY opened at 425 16.05 with a gap up of 218 points. The index recorded its intraday low at 42366.15 in its initial trades and then saw a sharp upside move towards 42700 resistance. Prices faces resistance around 42700 and then saw a dip after recording its intraday high at 42709.20. The index then formed a trading range and continued moving range bound till the end. Prices finally closed at 42514.05 with a gain of 216 points. PSU BANK has underperformed today and closed without much of a change. PVT BANK has outperformed today and closed with a gain of 0.37% Within the index, in terms of points, HDFC BANK contributed the highest on the upside while KOTAK BANK contributed the lowest. It was again a volatile day where prices again moved very narrowly. The intraday range was just about 343. Moreover, a narrow trading range inside 41700-42700 remained intact. Prices have been moving inside this range for the past 11 trading days. On the weekly timeframe chart, the index is consolidating for the past five weeks. The last two weeks were very narrow suggests the next few weeks may be wide and volatile.
TECHNICAL PICKS
| COMPANY NAME |
CMP |
B/S |
RATIONALE |
| GAIL |
99 |
BUY |
The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought above 99.05 with a stop loss of 98.45 and a target of 100.55. |
| HDFC LIFE |
590.55 |
SELL |
The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 588.20 with a stop loss of 595.70 and a target of 574.70. |
DERIVATIVE PICKS
| Stock Name |
Strike Price |
Buy/Sell |
CMP |
Initiation |
Stop Loss |
Target |
Remarks |
| HAL |
2500 CE |
BUY |
33.95 |
CMP |
21 |
63.50 |
BREAKOUT |
| Long Buildup |
|
Short Buildup |
| Stocks |
Price |
Price% |
OI % |
OI |
|
Stocks |
Price |
Price% |
OI % |
OI |
| FINNIFTY.23.01 Jan |
18816.55 |
0.17 |
11.89 |
21840 |
|
ATUL.23.01 Jan |
7395.4 |
-4.73 |
14.36 |
144525 |
|
|
|
|
|
|
|
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short Covering |
|
Long Unwinding |
| Stocks |
Price |
Price% |
OI % |
OI |
|
Stocks |
Price |
Price% |
OI % |
OI |
| COFORGE.23.01 Jan |
4114.25 |
4.12 |
-20.04 |
609150 |
|
LTTS.23.01 Jan |
3236.3 |
-5.04 |
-31.51 |
830200 |
| HAL.23.01 Jan |
2510.3 |
2.19 |
-21.58 |
2436000 |
|
HAVELLS.23.01 Jan |
1149.9 |
-4.44 |
-24.07 |
3250000 |
| DABUR.23.01 Jan |
567.05 |
2.17 |
-14.14 |
8800000 |
|
PVR.23.01 Jan |
1609.25 |
-4.4 |
-33.97 |
2195358 |
| MANAPPURAM.2301Jan |
115.35 |
1.85 |
-9.99 |
37536000 |
|
TVSMOTOR.23.01 Jan |
972.65 |
-4.1 |
-16.36 |
5614700 |
| INDIAMART.23.01 Jan |
4465 |
1.81 |
-18.93 |
274950 |
|
HINDUNILVR.23.01 Jan |
2552.85 |
-3.64 |
-3.15 |
6736500 |
TOP DELIVERY PERCENTAGE
| Stocks |
Price |
%Chg |
Total Qty |
Delivery |
Del % |
|
|
% Change |
|
|
|
|
|
|
|
Sectors |
Price |
Change % |
Quantity |
| Power Grid Corporation o |
223.25 |
1.13 |
7584484 |
5288196 |
78.2 |
|
Nifty50 |
18027.65 |
-0.44 |
25441234 |
| Hdfc Ltd. |
2715.95 |
0.9 |
1910649 |
1320005 |
74.98 |
|
Niftybank |
42506.8 |
0.42 |
10807270 |
| Kotak Mahindra Bank Limi |
1762.9 |
-0.25 |
4270294 |
3164224 |
74.36 |
|
Nifty it |
29529.65 |
-0.35 |
1442423 |
| Marico Limited |
505.2 |
0.77 |
3298721 |
2691369 |
73.78 |
|
India Vix |
13.79 |
-1.22 |
330189730 |
| Godrej Cons Products Ltd |
932.4 |
0.34 |
1616181 |
991690 |
73.76 |
|
Nifty Fmcg |
43899.6 |
-0.96 |
599839 |
| Piind |
3238.15 |
-0.34 |
75378 |
38597 |
72.46 |
|
Nifty Pharma |
12606.45 |
-0.73 |
36325385 |
| Itc Ltd. |
334.6 |
0.74 |
13103664 |
9744145 |
72.14 |
|
Nifty Realty |
427.45 |
-0.72 |
1072060821 |
| Tata Consultancy Serv Lt |
3363.1 |
-0.3 |
1529349 |
1142015 |
71.73 |
|
Nifty Auto |
12691.7 |
-0.56 |
36107910 |
| Shriram Finance Limited |
1277.3 |
-1.35 |
396914 |
252229 |
70.55 |
|
Nifty Metal |
6805.25 |
-0.9 |
67238882 |
| Infosys Limited |
1525.55 |
-0.87 |
6496429 |
5166082 |
69.85 |
|
Nifty Financial Services |
18772.4 |
0.17 |
3481312 |
UPCOMING ECONOMIC DATA
| Domestic International |
| INR: Nikkei S&P Global Manufacturing PMI (Jan) on 1st February, 2023
INR: Union Budget 2023-24 on 1st February, 2023 |
USD: Crude Oil Inventories on 25th January, 2023
USD: GDP (QoQ) (Q4) on 26th January, 2023 |
NEWS UPDATES
- Benchmark indices ended lower in yet another volatile session on January 20.At Close, the Sensex was down 236.66 points or 0.39% at 60,621.77, and the Nifty was down 80.10 points or 0.44% at 18,027.70. About 1533 shares have advanced, 1865 shares declined, and 146 shares are unchanged.
- HDFC Life Insurance Company Ltd on January 20 reported a 15 percent increase in its net profit to Rs 315.22 crore for the December quarter of the financial year 2022-23 on the back of strong new business growth.For the December quarter, the value of the new business was Rs 875 crore, beating street expectations.
- JSW Steel on January 20 reported a 85.50 percent year-on-year (YoY) decrease in consolidated net profit for the quarter ended December 2022 at Rs 474 crore. The steelmaker reported a profit of Rs 4,516 crore in the same quarter of the previous financial year.
- UltraTech Cement is expected to report better volumes and a recovery in sales but profit is expected to dip when it reports its December quarter numbers on January 21.UltraTech Cement’s consolidated revenue is likely to rise by 19.5 percent year on year (YoY) and 11.7 percent quarter on quarter (QoQ) to Rs 15,191.5 crore, according to a brokerage poll conducted by Moneycontrol..
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
| Company Name |
Purpose |
Meeting Date |
Company Name |
Purpose |
Meeting Date |
| ABANSENT |
Quarterly Results |
23-Jan-23 |
LIKHAMI |
General;Quarterly Results |
23-Jan-23 |
| ADITYA |
General |
23-Jan-23 |
MAHSEAMLES |
Quarterly Results |
23-Jan-23 |
| AMBER |
Quarterly Results |
23-Jan-23 |
MAYUKH |
Quarterly Results |
23-Jan-23 |
| ARVSMART |
Quarterly Results |
23-Jan-23 |
MERCTRD |
Quarterly Results |
23-Jan-23 |
| ASHRAM |
General |
23-Jan-23 |
NILASPACES |
Quarterly Results |
23-Jan-23 |
| AVANTEL |
Quarterly Results |
23-Jan-23 |
NRAGRINDQ |
Quarterly Results |
23-Jan-23 |
| AXISBANK |
Quarterly Results |
23-Jan-23 |
OMAXAUTO |
Quarterly Results |
23-Jan-23 |
| BBL |
Quarterly Results |
23-Jan-23 |
ORBTEXP |
Quarterly Results |
23-Jan-23 |
| BHARATSE |
Quarterly Results |
23-Jan-23 |
ORIENTHOT |
Quarterly Results |
23-Jan-23 |
| BRNL |
Quarterly Results |
23-Jan-23 |
PNBGILTS |
Quarterly Results |
23-Jan-23 |
| BUTTERFLY |
Quarterly Results |
23-Jan-23 |
POONAWALLA |
Quarterly Results |
23-Jan-23 |
| CANBK |
Quarterly Results |
23-Jan-23 |
PRUDENT |
Quarterly Results |
23-Jan-23 |
| COMPUAGE |
Quarterly Results |
23-Jan-23 |
RAJGLOWIR |
General;Quarterly Results |
23-Jan-23 |
| CONCOR |
Interim Dividend;General;Quarterly Results |
23-Jan-23 |
ROUTE |
Quarterly Results |
23-Jan-23 |
| CRAFTSMAN |
General;Quarterly Results |
23-Jan-23 |
RTNPOWER |
Quarterly Results |
23-Jan-23 |
| DBOL |
Quarterly Results |
23-Jan-23 |
SAGCEM |
Quarterly Results |
23-Jan-23 |
| DCXINDIA |
Quarterly Results |
23-Jan-23 |
SAPL |
Quarterly Results |
23-Jan-23 |
| DUCON |
Quarterly Results |
23-Jan-23 |
SATIN |
Quarterly Results |
23-Jan-23 |
| EDVENSWA |
General |
23-Jan-23 |
SCAPDVR |
Preferential Issue of shares;Quarterly Results |
23-Jan-23 |
| EIMCOELECO |
Quarterly Results |
23-Jan-23 |
SELAN |
Quarterly Results |
23-Jan-23 |
| GCKL |
Quarterly Results |
23-Jan-23 |
SHAREINDIA |
Interim Dividend;Quarterly Results |
23-Jan-23 |
| GLAND |
Quarterly Results |
23-Jan-23 |
SHOPERSTOP |
General;Quarterly Results |
23-Jan-23 |
| GRADIENTE |
Quarterly Results |
23-Jan-23 |
SPLPETRO |
Quarterly Results |
23-Jan-23 |
| GRAVITA |
Quarterly Results |
23-Jan-23 |
STAMPEDE |
Preferential Issue of shares;Quarterly Results |
23-Jan-23 |
| HFCL |
Quarterly Results |
23-Jan-23 |
STEELCAS |
Interim Dividend;Quarterly Results |
23-Jan-23 |
| IDBI |
Quarterly Results |
23-Jan-23 |
SYNGENE |
Quarterly Results |
23-Jan-23 |
| IIFLSEC |
Interim Dividend;Quarterly Results |
23-Jan-23 |
TATACOMM |
Quarterly Results |
23-Jan-23 |
| J&KBANK |
General;Quarterly Results |
23-Jan-23 |
TCFCFINQ |
Quarterly Results |
23-Jan-23 |
| JAIMATAG |
Quarterly Results |
23-Jan-23 |
THANGAMAYL |
Interim Dividend;Quarterly Results |
23-Jan-23 |
| JINDRILL |
Quarterly Results |
23-Jan-23 |
TIPSINDLTD |
Quarterly Results |
23-Jan-23 |
| JSL |
General;Quarterly Results |
23-Jan-23 |
TMB |
Quarterly Results |
23-Jan-23 |
| JSLHISAR |
Quarterly Results |
23-Jan-23 |
TRITURBINE |
Quarterly Results |
23-Jan-23 |
| KEI |
Interim Dividend;Quarterly Results |
23-Jan-23 |
TSPIRITUAL |
General;Quarterly Results |
23-Jan-23 |
| KHAICHEM |
Quarterly Results |
23-Jan-23 |
VRFILMS |
Bonus issue;General |
23-Jan-23 |
| LASTMILE |
Preferential Issue of shares |
23-Jan-23 |
ZENSARTECH |
Interim Dividend;Quarterly Results |
23-Jan-23 |
CORPORATE ACTION
| Company Name |
Ex-Date |
Purpose |
Company Name |
Ex-Date |
Purpose |
| ANGELONE |
24-Jan-23 |
Interim Dividend – Rs. – 9.6000 |
WENDT |
31-Jan-23 |
Interim Dividend – Rs. – 30.0000 |
| CARGOSOL |
24-Jan-23 |
E.G.M. |
ACGL |
01-Feb-23 |
Interim Dividend – Rs. – 2.5000 |
| GOTHIPL |
24-Jan-23 |
Interim Dividend – Rs. – 2.0000 |
DCMSHRIRAM |
01-Feb-23 |
Interim Dividend |
| PRECWIRE |
24-Jan-23 |
E.G.M. |
MASTEK |
01-Feb-23 |
Interim Dividend – Rs. – 7.0000 |
| WIPRO |
24-Jan-23 |
Interim Dividend – Rs. – 1.0000 |
MFL |
01-Feb-23 |
Interim Dividend – Rs. – 2.5000 |
| HAVELLS |
25-Jan-23 |
Interim Dividend – Rs. – 3.0000 |
SHAREINDIA |
01-Feb-23 |
Interim Dividend |
| NATIONALUM |
25-Jan-23 |
Interim Dividend – Rs. – 1.0000 |
THANGAMAYL |
01-Feb-23 |
Interim Dividend |
| PERSISTENT |
25-Jan-23 |
Interim Dividend – Rs. – 28.0000 |
ZENITHEXPO |
01-Feb-23 |
E.G.M. |
| ABIRAFN |
27-Jan-23 |
Buy Back of Shares |
ACCELYA |
02-Feb-23 |
Interim Dividend |
| HINDZINC |
27-Jan-23 |
Interim Dividend – Rs. – 13.0000 |
SHUKRAPHAR |
02-Feb-23 |
Right Issue of Equity Shares |
| METROBRAND |
27-Jan-23 |
Interim Dividend – Rs. – 2.5000 |
TANAA |
02-Feb-23 |
Interim Dividend |
| PBAINFRA |
27-Jan-23 |
E.G.M. |
IIFLSEC |
03-Feb-23 |
Interim Dividend |
| PGINVIT |
27-Jan-23 |
Income Distribution (InvIT) |
SUNCLAYLTD |
03-Feb-23 |
Interim Dividend |
| SURYAROSNI |
27-Jan-23 |
Interim Dividend – Rs. – 3.0000 |
VAIBHAVGBL |
03-Feb-23 |
Interim Dividend |
| ASCENSIVE |
30-Jan-23 |
E.G.M. |
ZENSARTECH |
03-Feb-23 |
Interim Dividend |
| BANARBEADS |
30-Jan-23 |
Interim Dividend – Rs. – 2.0000 |
SIYSIL |
06-Feb-23 |
Interim Dividend |
| BAZELINTER |
30-Jan-23 |
E.G.M. |
TCI |
07-Feb-23 |
Interim Dividend |
| IIFLWAM |
30-Jan-23 |
Interim Dividend – Rs. – 17.0000 |
GILLETTE |
09-Feb-23 |
Interim Dividend |
| LTIM |
30-Jan-23 |
Interim Dividend |
ENGINERSIN |
13-Feb-23 |
Interim Dividend |
| SIEMENS |
30-Jan-23 |
Final Dividend – Rs. – 10.0000 |
PGHL |
13-Feb-23 |
Interim Dividend |
| CCL |
31-Jan-23 |
Interim Dividend – Rs. – 3.0000 |
TVTODAY |
13-Feb-23 |
Interim Dividend |
| MONIND |
31-Jan-23 |
E.G.M. |
CAMS |
15-Feb-23 |
Interim Dividend |
| RKFORGE |
31-Jan-23 |
Dividend |
STL |
15-Feb-23 |
Stock Split From Rs.10/- to Rs.2/- |
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