NIFTY:
NIF1Y opened at 17201.45 with a minor gap down of just 12 points. The index recorded its intraday low at 17146.35 in its early trade a rallied higher. Prices have recorded its intraday high at 17364.05 and then started moving downwards. The index found support around its opening tick and the rallied again towards the day high. The rally fizzled out quickly and the index turned down again. Prices have finally closed at 17203.30 near its opening tick with a loss of just 9.65 points or 0.06% down. The IT sector outperformed today and closed with a gain of 1.The METAL sector continued its underperformance and ended with a loss of 1.17%. FMCG and FINANCIAL ended without much of a change.
In the last three trading days, the index is locked inside a range of just 140 points which is very narrow. This is a sign of contraction and after contraction comes expansion. That means we may see a sharp move soon. Since we are long, we are hoping that the move should come on the upside. But if prices go otherwise then we should also be considering closing long positions and taking short positions.
BANK NIFTY:
BANK NIFTY opened at 34977.65 without much of a gap. The index recorded its intraday low at 34751.25 in its early trades and then rallied higher. A slow and steady up move continued for the whole day. Mild intraday dip quickly fizzled out and prices rose to record its intraday high at 35179.05. The index finally closed at 35131.10 wit ha gain of 190 points. PSU BANKS have underperformed today, led the bears and closed wit ha loss of nearly 0.75%.PVT BANKS have closed without much of a change. With the index, in terms of points, HDFC BANK contributed the highest while RBL BANK contributed the lowest.
Last few days were very narrow and choppy, and prices continued trading in the same manner on a monthly expiry day. This indicates a process of contraction. That should lead to a phase of expansion. We may see a sharp move here. That move can come in either direction. Hence if index started rising tomorrow then we should be looking for a buying opportunity on a breakout above 35500.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| MINDTREE | 4733 | 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 4740 with a stop loss of 4690 and for the target of 4860. |
| TITAN | 2437 | 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 2445 with a stop loss of 2410 and target of 2490. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| TATASTEEL | 1100 PE | BUY | 43 | CMP | 30 | 65 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| TORNTPHARM.Dec 30 | 3194.8 | 0.13 | 13.33 | 221000 | IGL.Dec 30 | 468 | -2.44 | 14.88 | 3249125 | |
| DIVISLAB.Dec 30 | 4626.15 | 0.19 | 8.27 | 539100 | MCX.Dec 30 | 1567.95 | -2.06 | 4.82 | 570850 | |
| COLPAL.Dec 30 | 1459 | 0.2 | 0.33 | 750050 | INDUSTOWER.Dec 30 | 240.5 | -1.96 | 0.29 | 5852000 | |
| TATACONSUM.Dec 30 | 727.5 | 0.2 | 40.36 | 3018600 | TATACHEM.Dec 30 | 883.25 | -1.95 | 1.19 | 1441000 | |
| NAUKRI.Dec 30 | 5470 | 0.23 | 3.32 | 319375 | BAJAJ-AUTO.Dec 30 | 3201.25 | -1.83 | 19.63 | 851750 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| POLYCAB.Dec 30 | 2403 | 0.03 | -8.31 | 122400 | PERSISTENT.Dec 30 | 4877.2 | 4.88 | -16.6 | 182400 | |
| RAMCOCEM.Dec 30 | 986.25 | 0.05 | -7.71 | 386750 | COFORGE.Dec 30 | 5895.15 | 4.37 | -16.78 | 182000 | |
| POWERGRID.Dec 30 | 204.45 | 0.05 | -41.88 | 3338458 | IPCALAB.Dec 30 | 2187.55 | 3.44 | -1.75 | 1210950 | |
| BANKNIFTY.Dec 30 | 35062.75 | 0.08 | -52.37 | 584400 | JKCEMENT.Dec 30 | 3306 | 3.27 | -35.41 | 45325 | |
| SUNTV.Dec 30 | 491 | 0.14 | -11.45 | 1345500 | AUBANK.Dec 30 | 1040 | 2.88 | -27.7 | 556000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Tata Consultancy Serv Lt | 3733.75 | 1.06 | 1966432 | 0 | 74.91 | Nifty 50 | 17203.95 | -0.06 | 77613 | |
| Atul Ltd. | 8985.4 | 0.98 | 16402 | 0 | 74.15 | Nifty Bank | 35063.6 | 0.05 | 77613 | |
| Infosys Limited | 1892.85 | 0.39 | 4584302 | 0 | 73.51 | Nifty Energy | 22485.4 | -1.14 | 77613 | |
| Hdfc Bank Ltd. | 1461.5 | 0.53 | 3607913 | 0 | 70.41 | Nifty Realty | 478.35 | -0.97 | 77616 | |
| Hdfc Ltd. | 2563.7 | 0.01 | 1557389 | 0 | 69.7 | Nifty Metal | 5416.65 | -1.17 | 77613 | |
| Whirlpool | 1764.25 | 0.92 | 278910 | 0 | 64.44 | Nifty Pharma | 14135.5 | 0.44 | 77613 | |
| Mphasis Limited | 3345.6 | 1.07 | 552958 | 0 | 63.99 | India Vix | 16.57 | 2 | 77610 | |
| Sbi Life Insurance Compa | 1195.2 | 0.81 | 1335111 | 0 | 63.49 | Nifty Auto | 10755.65 | -0.68 | 77613 | |
| Hindustan Petroleum Corp | 288.65 | -1.28 | 1319568 | 0 | 63.26 | Nifty Media | 2197.25 | -0.12 | 77613 | |
| City Union Bank Ltd. | 135.95 | -1.41 | 2642746 | 0 | 62.87 | Nifty Fmcg | 37075.65 | 0.13 | 77613 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Infrastructure Output (YoY) (Nov) on 31st December 2021
INR: Deposit and Bank Loan Growth Rate on 31st December 2021 |
•USD: ISM Manufacturing PMI (Dec) on 3rd January 2022 |
NEWS UPDATES
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NTPC arm NTPC Renewable Energy Ltd (NREL) will float a global engineering procurement and construction tender to set up a 3GW renewable energy project with a battery storage system worth around Rs 15,000 crore by February 2022, according to a senior official. “The NREL has decided to float a global tender or RFP (request for proposal) for a 3GW renewable energy project (like solar and wind) with battery energy storage system in the next two months (by February 2022).
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Granules India Ltd on Thursday said it has received approval from the US health regulator for its generic Amphetamine mixed salts indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) and narcolepsy. The approval granted by the US Food and Drug Administration (USFDA) to Granules Pharmaceuticals, Inc (GPI), a wholly-owned arm, is for the abbreviated new drug application (ANDA) of amphetamine mixed salts of strengths 5mg, 7.5mg, 10mg, 12.5mg, 15mg, 20mg and 30mg immediate release tablets.
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ITC Ltd on Thursday said it has collaborated with Invest India, a non-profit venture by the central government for national investment promotion and facilitation, to crowdsource innovative ideas for single-use plastic substitution and automate waste segregation.
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Cars24, a leading e-commerce platform for pre-owned vehicles has collaborated with Bajaj Finance Ltd., to lift the veil from used car financing and facilitate a quick, frictionless and streamlined shopping experience. This move follows a Series G funding round announced in December 2021 where the firm raised $400 million at a $3.3-billion valuation. While the consumer demand for pre-owned vehicles is skyrocketing, the consumer financing penetration in the Indian used cars industry stands at only about 15 per cent.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| CENLUB | General | 31-Dec-21 | SHIVAMAUTO | General | 03-Jan-22 |
| CGPOWER | General | 31-Dec-21 | SMLT | Interim Dividend | 03-Jan-22 |
| CONTPTR | General | 31-Dec-21 | ALFAVIO | General | 04-Jan-22 |
| KAARYAFSL | General | 31-Dec-21 | BHAGCHEM | Increase in Authorised Capital;General | 04-Jan-22 |
| KALPACOMME | General | 31-Dec-21 | GENNEX | General | 04-Jan-22 |
| PATELSAI | General | 31-Dec-21 | KANELIND | Quarterly Results | 04-Jan-22 |
| TROMBOEXT | General | 31-Dec-21 | MCCHRLS-B | General | 04-Jan-22 |
| BALGOPAL | General | 01-Jan-22 | MUKTA | Stock Split | 04-Jan-22 |
| PARNAXLAB | Issue Of Warrants | 01-Jan-22 | MYSTICELE | Stock Split | 04-Jan-22 |
| ASHSI | General | 03-Jan-22 | NOUVEAU | Stock Split | 04-Jan-22 |
| KGPETRO | General | 03-Jan-22 | STERPOW | General | 04-Jan-22 |
| KRETTOSYS | Bonus issue;In,.in Auth. Cap.;Stock Split | 03-Jan-22 | DHRUV | General | 05-Jan-22 |
| MEL | General | 03-Jan-22 | KACL | General | 05-Jan-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| SDBL | 31-Dec-21 | Right Issue of Equity Shares | SDBL | 31-Dec-21 | Right Issue of Equity Shares |
| VISAGAR | 31-Dec-21 | E.G.M. | VISAGAR | 31-Dec-21 | E.G.M. |
| QUANTDIA | 04-Jan-22 | E.G.M. | QUANTDIA | 04-Jan-22 | E.G.M. |
| JOHNPHARMA | 05-Jan-22 | Stock Split From Rs.10/- to Rs.1/- | JOHNPHARMA | 05-Jan-22 | Stock Split From Rs.10/- to Rs.1/- |
| MAZDOCK | 06-Jan-22 | Interim Dividend – Rs. – 7.1000 | MAZDOCK | 06-Jan-22 | Interim Dividend – Rs. – 7.1000 |
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