NIFTY:
NIFTY opened at 18170.40 with a gap up of 115 points. The index slightly moved lower for the first 20 minutes of trading and recorded its Intraday low at 18128.80. From there onwards, the index kept on moving higher for the whole day and recorded its intraday high at 18227.95.Minor dips in between quickly bought into. Consolidation in the afternoon broke on the upside and the index finally closed at 18212.35 with a gain of 156.60 points or 0.87% up. All the sectoral indices have closed higher today except the PHARMA that ended with a loss of just 0.15%.REALTY,AUTO, and METAL led the bulls today and ended with a gain of more than 1%.
The short-term trend is up. Support is visible around 17650 while resistance is visible around the lifetime high recorded around 18600 as far as the index is moving above 18000. The long-term trend is up now which was sideways before while the long-term momentum is moving within the strength zone. The Intermediate trend is up while the intermediate momentum has reached within the strength zone and is moving with full strength.
BANK NIFTY:
BANK NIFTY opened at 38719.60 with a gap up of 286 points. Prices have recorded its intraday low at 38604.60 in its initial trades and them moved up. The index recorded its intraday high at 388S1.4S and then moved down. Prices have spent the rest of the day moving within these two levels and finally ended at 38708.8S with a gain of 27S points. PVT and PSU BANKS both have performed well today and closed higher by 1% and 0.61% respectively. Within the index, in terms of points, ICICI BANK contributed the highest while HDFC BANK contributed the lowest.
The short-term trend is up as prices are making a pattern of higher Highs and Higher Lows. Stay long with a modified stop at 38400 and a target at 39200.For fresh buying opportunity ,we should wait for a sharp dip to buy again.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| MCDOWELL | 914 | 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 915 with a stop loss of 898 and for the target of 940. |
| MINDTREE | 4635 | 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 4640 with a stop loss of 4590 and target of 4710. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| TCS | 3840PE | BUY | 94 | CMP | 70 | 130 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| PETRONET.Jan 27 | 226.2 | 0.02 | 1.01 | 17691000 | IPCALAB.Jan 27 | 1036.9 | -2.34 | 6.25 | 2051550 | |
| HDFCAMC.Jan 27 | 2495.05 | 0.04 | 1.04 | 3128600 | METROPOLIS.Jan 27 | 3121 | -1.76 | 8.26 | 534800 | |
| COROMANDEL.Jan 27 | 776.65 | 0.05 | 12.51 | 1343125 | TCS.Jan 27 | 3852.05 | -1.6 | 4.2 | 12106950 | |
| IEX.Jan 27 | 260.6 | 0.08 | 1.53 | 38808750 | ABBOTINDIA.Jan 27 | 17967.5 | -1.56 | 11.48 | 43200 | |
| BERGEPAINT.Jan 27 | 789.65 | 0.1 | 2.13 | 5165600 | MFSL.Jan 27 | 1053.6 | -1.48 | 3.77 | 1842750 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| ZEEL.Jan 27 | 325.8 | 0.09 | -0.68 | 75357000 | MOTHERSUMI.Jan 27 | 244 | -3.33 | -6.29 | 18826500 | |
| HONAUT.Jan 27 | 43682.45 | 0.12 | -3.74 | 6945 | ALKEM.Jan 27 | 3685.95 | -0.76 | -0.9 | 243000 | |
| AMBUJACEM.Jan 27 | 398.6 | 0.13 | -0.03 | 12957000 | GRANULES.Jan 27 | 334.1 | -0.74 | -0.99 | 14585500 | |
| PNB.Jan 27 | 40.15 | 0.25 | -0.17 | 2.6E+08 | LTI.Jan 27 | 7175 | -0.38 | -0.29 | 914550 | |
| DRREDDY.Jan 27 | 4700.95 | 0.26 | -0.24 | 2443250 | CUMMINSIND.Jan 27 | 971.4 | -0.29 | -1.27 | 1023600 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Infosys Limited | 1877.45 | 1.18 | 5362535 | 0 | 0 | Nifty 50 | 18212.35 | 0.87 | 80724 | |
| Wipro Ltd | 691.35 | -0.4 | 11730341 | 0 | 0 | Nifty Bank | 38727.55 | 0.74 | 80724 | |
| Reliance Industries Ltd | 2521.1 | 2.67 | 6830402 | 0 | 0 | Nifty it | 38604.75 | 0 | 80724 | |
| Zee Entertain. Enterp.lt | 325.9 | 0.37 | 4997507 | 0 | 0 | Nifty Auto | 11645.9 | 1.45 | 80724 | |
| Larsen & Toubro Limited | 1974.2 | 0.67 | 1585970 | 0 | 0 | Nifty Metal | 5685 | 1.33 | 80724 | |
| Acc Limited | 2314.8 | 0.75 | 380195 | 0 | 0 | India Vix | 17.18 | -3.25 | 80721 | |
| Itc Ltd. | 222.75 | 0.36 | 13158894 | 0 | 0 | Nifty Media | 2311.4 | 0.82 | 80724 | |
| Hcl Technologies Ltd. | 1352.15 | 0.63 | 3162044 | 0 | 0 | Nifty Fmcg | 37992.95 | 0.38 | 80724 | |
| Hindustan Unilever Ltd | 2413.15 | 0.4 | 1487554 | 0 | 0 | Nifty Realty | 507.45 | 1.91 | 80724 | |
| Tata Steel Limited | 1147.2 | 1.5 | 5035843 | 0 | 0 | Nifty Pharma | 13833.7 | -0.15 | 80724 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: WPI Inflation (YoY) (Dec) on 14th January, 2022
INR: Bank Loan and Deposit growth on 14th January, 2022 |
•USD: Federal Budget Balance (Dec) on 13th January 2022
•USD : PPI (MoM) (Dec) on 13th January 2022 |
NEWS UPDATES
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India’s largest automotive manufacturing company Motherson Sumi Systems (MSSL) is looking to expand business in four key non-automotive areas. These are aerospace, logistics, technology and industrial solutions and health and medical. According to Laksh Vamaan Sehgal, Group Vice-Chairman, MSSL, the diversification to non-auto segments will help the company leverage the existing business strength of global presence, product design and development expertise.
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Telecom operators Vodafone Idea Ltd (VIL), Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd (TTML) will not become public sector undertakings after their interest payable on dues are converted into government equity, the communications ministry said on Wednesday. The three debt-ridden companies have proposed to convert their interest liability payable to the government into equity.
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Tata Consultancy Services (TCS) on Wednesday reported net profit of Rs 9,763 crore for the third quarter of FY22, up 12.2 per cent year-on-year. Profit for the quarter grew 1.4 per cent on a sequential basis. The Mumbai-headquartered company also announced buyback worth Rs 18,000 crore at Rs 4,500 per share.
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Infosys continued to maintain its growth trajectory as it met street expectations even as the company revised its revenue guidance for the fiscal year 2022 to 19.5 per cent to 20 per cent. The company had raised its guidance for FY22 in Q2 to a growth of 16.5 per cent to 17.5 per cent. For the quarter the company reported net profit of Rs 5,809 crore up 11.8 per cent year on year and grew 7 per cent on sequential basis. Revenue for the quarter grew by almost 23 per cent at Rs 31,867 crore and sequentially was up 7.6 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 |
| ATHENAGLO | Quarterly Results | 13-Jan-22 | PLASTIBLEN | Quarterly Results | 13-Jan-22 |
| BIRLAMONEY | Quarterly Results | 13-Jan-22 | QGO | General | 13-Jan-22 |
| CESC | Interim Dividend;Quarterly Results | 13-Jan-22 | RGIL | Quarterly Results | 13-Jan-22 |
| EUREKAI | Quarterly Results | 13-Jan-22 | RPSGVENT | General | 13-Jan-22 |
| GGL | Right Issue;Quarterly Results | 13-Jan-22 | SALEM | General | 13-Jan-22 |
| GOBLIN | General | 13-Jan-22 | SOMANYCERA | General | 13-Jan-22 |
| GTPL | Quarterly Results | 13-Jan-22 | SURANASOL | Quarterly Results | 13-Jan-22 |
| INDITALIA | General | 13-Jan-22 | TATAMETALI | Quarterly Results | 13-Jan-22 |
| MBECL | General | 13-Jan-22 | ASHCAP | Quarterly Results | 14-Jan-22 |
| MEGACOR | Quarterly Results | 13-Jan-22 | ASMTEC | Rights Issue | 14-Jan-22 |
| MINDTREE | Quarterly Results | 13-Jan-22 | CHOICEIN | Right Issue of Equity Shares;General | 14-Jan-22 |
| MISHTANN | Interim Dividend;Quarterly Results | 13-Jan-22 | COSPOWER | General | 14-Jan-22 |
| PALMJEWELS | Right Issue;Quarterly Results | 13-Jan-22 | GUJHOTE | Quarterly Results | 14-Jan-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| AJANTPHARM | 13-Jan-22 | Buy Back of Shares | SRIPIPES | 13-Jan-22 | Amalgamation |
| BHATIA | 13-Jan-22 | E.G.M. | ASRL | 14-Jan-22 | Bonus issue 7:10 |
| INDOAMIN | 13-Jan-22 | Stock Split From Rs.10/- to Rs.5/- | MOTHERSUMI | 14-Jan-22 | Spin Off |
| INFRATRUST | 13-Jan-22 | Income Distribution (InvIT) | NCLRESE | 14-Jan-22 | E.G.M. |
| JAMESWARREN | 13-Jan-22 | Buy Back of Shares | TIRUSTA | 14-Jan-22 | E.G.M. |
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