NIFTY:
NIFTY opened at 16824.25 with a big gap down of 161 points. The index recorded its intraday high at 16840.10 within the first five minutes of trading and then started drifting downwards. A sharp decline of more than 400 points came in the first half of today ‘s trading session. The index recorded its intraday low at 16410.20 in the afternoon and then started a V-Shaped reversal. The index rallied more than 200 points in the second half, recovered almost one-third of losses, and finally closed at 16614.20 with a loss of 371points or 2.18% down. All the sectoral indices have closed lower today. BANK,FINANCIAL,META L, and REALTY led the bears today and closed with big losses. The PHARMA and FMCG outperformed today but ended with minor losses.
The long-term trend is down while the long-term momentum is moving down and almost reaching the weak zone. The Intermediate trend is down while the intermediate momentum has moved up today from the weak zone. Both the momentums have started contradicting each other suggests we may see a process of consolidation here.
BANK NIFTY:
BANK NIFTY opened at 35124.35 with a big gap down of 555 points. The index record edits intraday high at 35231.10 and continued moving downwards. The decline brought prices to its intraday low at 34018.45 in the afternoon and then prices have started a process of recovery. The index finally closed at 34439.45 with a loss of 1240 points.
PSU BANKS have continued its underperformance and closed with a loss of 4.45%.PVT BANKS have also moved down and ended lower by 3.28%.Within the index, in terms of points, HDFC BANK contributed the highest on the downside followed by ICICIBANK.
We may see a process of consolidation within 34000 – 35500 zone. These levels are likely in nature and need to be confirmed by the prices in near future but the theme is intact. We have seen a sharp move of more than 3000 points which is more than 8% in last three trading days and this expansion should lead prices into a process of consolidation.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| PIDILITEIND | 2405 | 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 2410 with a stop loss of 2370 and for the target of 2460. |
| TATAMOTOR | 447 | SELL | The immediate trend of the script is bearish. There is a negative cross over of moving averages as well as of the indicators therefore it can be sold below 444 with a stop loss of 452 and target of 420. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| TATASTEEL | 1060 PE | BUY | 23 | CMP | 11 | 45 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| POWERGRID.Dec 30 | 203.6 | 0.05 | 15.85 | 21241339 | AUBANK.Dec 30 | 1001.25 | -10.13 | 4.79 | 3432500 | |
| PIDILITIND.Dec 30 | 2401.55 | 0.29 | 2.93 | 2206500 | DELTACORP.Dec 30 | 255.9 | -7.48 | 3.45 | 14018500 | |
| AUROPHARMA.Dec 30 | 686.15 | 0.85 | 0.36 | 14874600 | BANDHANBNK.Dec 30 | 247.5 | -7.46 | 7.36 | 25225200 | |
| GLENMARK.Dec 30 | 488.8 | 1.21 | 1.13 | 10046400 | RBLBANK.Dec 30 | 167.45 | -6.77 | 0.86 | 30342700 | |
| ASTRAL.Dec 30 | 2093.25 | -6.56 | 8.44 | 526350 | ||||||
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| LUPIN.Dec 30 | 876.4 | 0.14 | -3.29 | 7856550 | FSL.Dec 30 | 153.9 | -7.93 | -2.35 | 7137000 | |
| DRREDDY.Dec 30 | 4564.45 | 0.68 | -0.58 | 2599250 | LTTS.Dec 30 | 5044.9 | -7.79 | -4.92 | 537600 | |
| HINDUNILVR.Dec 30 | 2269.95 | 1.42 | -0.89 | 10392000 | IBULHSGFIN.Dec 30 | 216.35 | -7.58 | -6.61 | 27329600 | |
| APLLTD.Dec 30 | 766.85 | 2.47 | -0.8 | 1629650 | INDIGO.Dec 30 | 1818 | -7.11 | -3.27 | 3197250 | |
| CIPLA.Dec 30 | 893.5 | 3.81 | -0.48 | 11302200 | IEX.Dec 30 | 239.3 | -6.76 | -2.7 | 34192500 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Sun Pharma Ltd | 763.95 | -0.65 | 7474026 | 0 | 71.96 | Nifty 50 | 16614.2 | -2.18 | 77241 | |
| Hdfc Ltd. | 2550.3 | -2.56 | 3483707 | 0 | 71.93 | Nifty Bank | 34439.85 | -3.31 | 77241 | |
| Max Financial Services l | 934.3 | -1.27 | 372744 | 0 | 67.78 | Nifty it | 35916.45 | -2 | 77241 | |
| Dabur India Ltd. | 558.2 | -1.16 | 1332911 | 0 | 67.67 | Nifty Auto | 10405.3 | -2.56 | 77244 | |
| Colgate Palmolive (india | 1415.8 | -0.92 | 490526 | 0 | 67.58 | Nifty Metal | 5269.6 | -3.78 | 77244 | |
| Icici Lombard General In | 1351.4 | -0.54 | 652830 | 0 | 67.57 | India Vix | 18.97 | 16.1 | 77238 | |
| Gail (india) Limited | 125.95 | -2.74 | 13206589 | 0 | 66.49 | Nifty Pharma | 13184.45 | -0.35 | 77244 | |
| Britannia Ind Ltd. | 3471.9 | -1.82 | 382144 | 0 | 66.49 | Nifty Fmcg | 36084.65 | -0.97 | 77244 | |
| Petronet Lng Limited | 211.7 | -1.85 | 1722354 | 0 | 65.59 | Nifty Realty | 452.65 | -4.9 | 77244 | |
| Sbi Life Insurance Compa | 1125.7 | -1.47 | 1341693 | 0 | 64.06 | Nifty Media | 2186.8 | -3.94 | 77244 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: FX Reserves, USD on 24th December, 2021
INR: Deposit and Bank Loan Growth Rate on 24th December, 2021 |
•USD: GDP (QoQ) (Q3) on 22nd December, 2021
•USD: Existing Home Sales (Nov) on 22nd December, 2021 |
NEWS UPDATES
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Japan’s Osaka Gas Co said on Monday it has entered India’s urban gas distribution market by investing in the local unit of Singapore-based AGP International Holdings (AG&P) as part of its overseas expansion drive. Demand in India’s natural gas market is set to surge as the government wants to raise the share of the cleaner fuel in its energy mix to 15% by 2030 from the current 6% to combat climate change.
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Adani Transmission Limited (ATL) on Monday said it has completed the construction of one of the India’s longest intra-state transmission lines of 897 circuit km. The transmission line, set up by ATL subsidiary Ghatampur Transmission Ltd (GTL) will connect Ghatampur thermal power station in Kanpur district to Hapur substation in western Uttar Pradesh, the company said in a statement.
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Global engineering and product development digital services firm Tata Technologies on Monday said it has been selected by European aerospace major Airbus as a strategic supplier. The company will become engineering, manufacturing engineering and services strategic supplier (EMES3), Tata Technologies said in a statement.
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Anil Agarwal-led Vedanta Ltd has acquired Nicomet, a Nickel and Cobalt producer based in Goa making Vedanta the sole producer of Nickel in India. “India imports 100% of its Nickel requirements; our focus will be to boost domestic production that would fuel India’s transition to a Net Zero economy,” chairman Anil Agarwal said in a release on Monday.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| AIIL | General | 21-Dec-21 | INTEGRA | Increase in Authorised Capital;Right Issue | 22-Dec-21 |
| AMARSEC | General | 21-Dec-21 | KUMPFIN | General | 22-Dec-21 |
| BHANDHOS | Scheme of Arrangement | 21-Dec-21 | RPPINFRA | Right Issue of Equity Shares;General | 22-Dec-21 |
| MKEXIM | Bonus issue;Increase in Auth. Capital | 21-Dec-21 | SALEM | General | 22-Dec-21 |
| NCLRESE | Right Issue of Equity Shares | 21-Dec-21 | TECHNOFAB | Quarterly Results | 22-Dec-21 |
| SAHYADRI | Interim Dividend;General | 21-Dec-21 | BVCL | General | 23-Dec-21 |
| TFL | General | 21-Dec-21 | EASTWEST | Issue Of Warrants;Pref.l Issue of shares | 23-Dec-21 |
| YESBANK | General | 21-Dec-21 | EMMSONS | Audited Results | 23-Dec-21 |
| AMARNATH | General | 22-Dec-21 | GAIL | Interim Dividend;General | 23-Dec-21 |
| ANUPAM | Bonus issue;Increase in Auth.Capital | 22-Dec-21 | RADHEDE | General | 23-Dec-21 |
| BIRLAMONEY | General | 22-Dec-21 | SIMPLEX | Audited Results | 23-Dec-21 |
| CEINSYSTECH | Preferential Issue of shares;General | 22-Dec-21 | TWL | Quarterly Results | 23-Dec-21 |
| DEEPAKNI | General | 22-Dec-21 | UHZAVERI | Preferential Issue of shares | 23-Dec-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| BAMBINO | 21-Dec-21 | Final Dividend – Rs. – 1.6000 | BCG | 23-Dec-21 | Final Dividend – Rs. – 0.0500 |
| IFINSEC | 22-Dec-21 | E.G.M. | CANFINHOME | 23-Dec-21 | Interim Dividend – Rs. – 1.5000 |
| POWERGRID | 22-Dec-21 | Interim Dividend – Rs. – 4.0000 | HIKLASS | 23-Dec-21 | Stock Split From Rs.10/- to Rs.5/- |
| POWERGRID | 22-Dec-21 | Special Dividend – Rs. – 3.0000 | HINDEVER | 23-Dec-21 | Stock Split From Rs.10/- to Rs.2/- |
| PRECWIRE | 22-Dec-21 | Stock Split From Rs.5/- to Rs.1/- | NEOGEN | 23-Dec-21 | E.G.M. |
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