The NIFTY opened at 18600.80 without much of a gap. The index the NIFTY opened at 21018.55 with a gap up of just 21 points. The Index initially moved higher but soon found resistance and started a consolidation process which broke on the downside. Prices have seen a sharp decline but again formed a trading range. The index broke down again and resumed its down move. The decline lasted almost till the end with a minor recovery in the last 30 minutes of trading. The index recorded first its intraday high at 21037.90, then its intraday low at 20867.15, and finally closed at 20906.40 with a loss of 90.70 points or 0.43% down. The MEDIA and METAL outperformed and closed with a gain. The rest of the sectoral indices ended with a loss. REALTY and OIL GAS led the bears and ended with a loss of over 1%. The NIFTY has been moving sideways and inside a narrow range of almost 250 points from the last five trading days. A breakout from this range may give us a tradable move. We should take a trade in the direction of a breakout.


The BANK NIFTY opened at 47421.70 with a gap up of 122 points. The index could not sustain at the higher levels and started drifting downwards after recording its intraday high at 47454. The gap was filled, prices moved further down, and then saw a sharp recovery. The index again moved down and this time the decline lasted till the end. Prices have recorded its Intraday low at 47004.05 and finally closed at 47063.80 with a loss of 236 points. PVT BANK’s have underperformed, saw a sharp intraday decline, and finally closed with a loss of 0.55%. PSU BANKs have outperformed. The Index moved sideways and ended with a gain of 0.02%. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is up. The support is visible around 46500 which is also the recent swing low. The resistance is visible around the lifetime highs recorded at 47588 or we can round off it to 47600.


TATA COMM 1178.30 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1745.35 with a stop loss of 1716.50 and a target of 1802.00.
EASCORT 3122.95 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 3104.70 with a stop loss of  3132.85 and a target of 3048.00.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BAJAJ FINSERVE   1240 CE BUY 24.40 CMP 18.00 38.00 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HDFCLIFE.23.12 Dec 711.1 5.29 9.14 17760600 PIIND.23.12 Dec 3502.95 -10.07 19.3 1921250
JINDALSTEL.23.12 Dec 753.5 3.9 5.33 29428750 SRF.23.12 Dec 2386.65 -2.41 0.21 4319625
ICICIPRULI.23.12 Dec 554.6 2.79 5.6 12069000 SHRIRAMFIN.23.12 Dec 2008.8 -2.41 3.61 7162800
INDIAMART.23.12 Dec 2768.95 2.73 1.72 1345800 GLENMARK.23.12 Dec 803.4 -2.36 3.02 12977500
SBILIFE.23.12 Dec 1491.45 1.79 6.09 6233250 NAUKRI.23.12 Dec 4805.35 -2.16 1.63 1544400
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CANFINHOME.23.12 Dec 777.1 2.58 -3.96 5338125 CUMMINSIND.23.12 Dec 1939.4 -3.67 -0.22 3880200
ICICIBANK.23.12 Dec 1020.7 0.04 -3.87 73077900 BPCL.23.12 Dec 450.45 -3.55 -3.52 33546600
LTTS.23.12 Dec 4975.8 0.03 -3.86 558600 PEL.23.12 Dec 892.95 -2.53 -1.57 11634750
PERSISTENT.23.12 Dec 6532.35 0.27 -3.63 2169825 OFSS.23.12 Dec 4137.8 -2.37 -0.12 641200
HCLTECH.23.12 Dec 1380.2 0.06 -3.59 12485200 HINDCOPPER.23.12 Dec 179.7 -2.15 -2.96 41578500

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Syngene 703.55 -1.28 1815778 2075130 86.88 Nifty50 20906.4 -0.43 49106652
Balkrishna Ind. Ltd 2596.2 0.92 158815 605163 81.73 Niftybank 47097.55 -0.46 21783047
Bharti Airtel Limited 995.25 -0.56 7119331 4920683 79.43 Nifty it 33493.9 -0.06 998705
Atul Ltd. 6807.2 0.17 32678 48417 79.26 India Vix 12.71 -0.39 806765534
Cholamandalam Investment 1177.25 0.17 2154453 2529211 77.78 Nifty Fmcg 53837 -0.26 348556
Maruti Suzuki India Ltd 10338.4 -1.93 1088687 437521 75.47 Nifty Pharma 15963.5 -0.48 64146937
Reliance Industries Ltd 2424.05 -1.44 4598562 2651027 75.03 Nifty Realty 731.95 -1.75 1390928082
Srf Ltd. 2378.5 -2.19 472046 576352 74.99 Nifty Auto 17726.5 -0.7 57751033
Sbi Life Insurance Compa 1481.45 1.43 1763549 547742 74.87 Nifty Metal 7462.6 0.31 137669848
Larsen & Toubro Limited 3342.4 -1.28 1888423 1143527 74.53 Nifty Financial Services 21173.25 -0.2 5087627

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR  : M3 Money Supply on 13th December, 2023

INR  : WPI Inflation (YoY) (Nov) on 14th December, 2023

USD : PPI (MoM) (Nov) on 13th December, 2023

USD : Fed Interest Rate Decision on 14th December, 2023

News Updates

  • Indian equity indices ended lower in the volatile session on December 12 with Nifty around 20,900. At close, the Sensex was down 377.50 points or 0.54 percent at 69,551.03, and the Nifty was down 90.70 points or 0.43 percent at 20,906.40.

  • Six years after making a big-bang entry into Axis Bank, private equity major Bain Capital is all set to sell a further stake in the private sector lender via a fresh block deal worth $444 million, multiple industry sources in the know told Moneycontrol.
  • India’s headline retail inflation rate surged to 5.55% in November, according to data released by the Ministry of Statistics and Programme Implementation, thanks to the combination of an unfavourable base effect and rise in prices of key food items. The Consumer Price Index (CPI) inflation print in October was 4.87 percent.

  • Nuvama’s strategists predict Shriram Finance Ltd may enter Nifty50 in March 2024, possibly replacing UPL. This change could bring $217 million inflow to Shriram and $114 million outflow from UPL. The official list for the Nifty 50 rejig will be announced in late February 2024. Additionally, Nuvama suggests a medium to high chance for Canara Bank to replace Bandhan Bank in the March 2024 review.

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
CHPLIND Quarterly Results;General 13-Dec-23 KARMAENG General 14-Dec-23
ESSARSHPNG General 13-Dec-23 RITESHIN General 14-Dec-23
FORINTL General 13-Dec-23 SIPIND A.G.M. 14-Dec-23
GEE Quarterly Results 13-Dec-23 AKSHAR Interim Dividend;Bonus issue;Buy Back of Shares 15-Dec-23
GROWINGTON Stock  Split;General 13-Dec-23 ANMOL General 15-Dec-23
MASTEK Preferential Issue of shares 13-Dec-23 BMBMUMG General 15-Dec-23
MOTOGENFIN General 13-Dec-23 DARSHANORNA Right Issue of Equity Shares 15-Dec-23
PADAMCO General 13-Dec-23 GANDHAR Quarterly Results 15-Dec-23
PVVINFRA General 13-Dec-23 KABRADG General 15-Dec-23
RSYSTEMINT Interim Dividend;General 13-Dec-23 MERCURYEV Preferential Issue of shares;General 15-Dec-23
SABOOBR General 13-Dec-23 METALFORGE Quarterly Results 15-Dec-23
SPANDANA General 13-Dec-23 MISQUITA Issue Of Warrants;Preferential Issue of shares 15-Dec-23
ANANTRAJ General 14-Dec-23 ROJL Right Issue of Equity Shares 15-Dec-23
EIKO Rights Issue 14-Dec-23 TRIMURTHI Quarterly Results;General 15-Dec-23
J&KBANK General 14-Dec-23 FREDUN General 16-Dec-23
JINDALSAW General 14-Dec-23 NMSRESRC General 16-Dec-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
RCF 13-Dec-23 Final Dividend – Rs. – 3.7000 FRANKLININD 21-Dec-23 E.G.M.
FORINTL 14-Dec-23 E.G.M. ALPHALOGIC 22-Dec-23 Bonus issue 1:3
HINDZINC 14-Dec-23 Interim Dividend – Rs. – 6.0000 CMBL 22-Dec-23 E.G.M.
LLOYDSENGG 14-Dec-23 Right Issue of Equity Shares GENNEX 22-Dec-23 E.G.M.
TPHQ 14-Dec-23 Stock  Split From Rs.10/- to Rs.1/- KLRFM 22-Dec-23 Dividend – Rs. – 2.0000
ASITCFIN 15-Dec-23 Right Issue of Equity Shares PGCRL 22-Dec-23 E.G.M.
SOMANYCERA 15-Dec-23 Buy Back of Shares RAWEDGE 22-Dec-23 E.G.M.
IFL 18-Dec-23 Bonus issue 1:10 RSYSTEMINT 22-Dec-23 Interim Dividend
EASEMYTRIP 19-Dec-23 Interim Dividend – Rs. – 0.1000 SMAUTO 22-Dec-23 Buy Back of Shares
INDINFR 19-Dec-23 Income Distribution (InvIT) SMLT 22-Dec-23 Interim Dividend – Rs. – 1.0000
PML 19-Dec-23 Bonus issue 2:1 NMSRESRC 27-Dec-23 E.G.M.

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