NIFTY:
The Nifty opened at 14474.05 with a big gap up of 127 points. The index first moved down and recorded its intraday low at 14383.10. Prices then started moving higher. A modest rally of more than 100 points took the Nifty near the 14500 mark and the index finally closed at 14484.75 up by 137.50 points. The Auto and IT sectors continued to lead the bulls and closed higher while the Metals and Banks continued its underperformance and closed lower.
The week started with a big gap up and then an intraday rally helped Nifty to close near the 14500 mark. The index initially moved down but then quickly recovered to close near its intraday highs. A breakout from 14250 resistances has almost met with its pattern target around 14500,vanished our ground to take a trade on this breakout.
One way to take long trade is to wait for a dip. The problem here is when will this happened and how much Nifty should fall for taking a long trade. As of now we should wait for a dip to buy.
BANK NIFTY:
Bank Nifty opened at 32280.30 with a gap up of 192 points. Prices have immediately started falling and recorded its intraday low at 31836.95. The index then spent the rest of the day trading choppy and narrow and finally closed at 31998. PSU and Private Banks both have closed lower by 1.50% and 0.32% respectively. Within the index, in terms of points, HDFC Bank contributed highest while Kotak Bank the lowest.
Bank Nifty continued its underperformance from last few trading days as compared to Nifty. The trading range has 31800 as support and 32300 as resistance. We should look to wait to buy on a dip to 31800 or breakout of 32300.
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TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| AUROPHARMA | 965.20 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 954 and for the target 985. |
| ICICIBANK | 544.7 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 535 and for the target 560. |
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DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| BIOCON | 420 CE | BUY | 21.30 | CMP | 17.5 | 26 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| TATAMOTORS.21.01 Jan | 223.65 | 12.64 | 20.18 | 76864500 | RBLBANK.21.01 Jan | 256.3 | -3.03 | 8.32 | 18533900 | |
| GAIL.21.01 Jan | 135.7 | 1.92 | 18.52 | 36545100 | INDUSINDBK.21.01 Jan | 929 | -1.12 | 7.87 | 17236800 | |
| WIPRO.21.01 Jan | 444.75 | 3.68 | 17.24 | 38585600 | BATAINDIA.21.01 Jan | 1628.5 | -1.45 | 7.82 | 1190200 | |
| MRF.21.01 Jan | 82750 | 2.42 | 16.93 | 55740 | NATIONALUM.21.01 Jan | 47.1 | -1.77 | 6.46 | 64430000 | |
| COLPAL.21.01 Jan | 1647.9 | 1.99 | 15.44 | 2642500 | ICICIPRULI.21.01 Jan | 525.45 | -0.23 | 6.44 | 4414500 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| GODREJPROP.21.01 Jan | 1478.9 | 0.78 | -9.21 | 1313650 | CHOLAFIN.21.01 Jan | 427.45 | -1.35 | -5.24 | 4252500 | |
| NAUKRI.21.01 Jan | 5474 | 0.76 | -2.99 | 835500 | BANKNIFTY.21.01 Jan | 32101 | -0.22 | -4.89 | 1599025 | |
| PETRONET.21.01 Jan | 269 | 0.04 | -2.78 | 15225000 | IBULHSGFIN.21.01 Jan | 234.3 | -3.02 | -3.68 | 30231200 | |
| TVSMOTOR.21.01 Jan | 523.55 | 1.52 | -1.89 | 4793600 | SAIL.21.01 Jan | 75.15 | -2.21 | -3.65 | 85785000 | |
| CADILAHC.21.01 Jan | 494.45 | 1.54 | -1.56 | 9026600 | APOLLOHOSP.21.01 Jan | 2556.8 | -0.26 | -2.81 | 1676000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Aarti Industries Ltd. | 1298.45 | 1.41 | 204074 | 211674 | 64.84 | Nifty it | 27027.75 | 3.31 | 80169 | |
| Hindustan Unilever Ltd | 2429.1 | 1.58 | 2787672 | 1679133 | 60.01 | Nifty Auto | 9995.6 | 2.61 | 80169 | |
| Colgate Palmolive (india | 1639.95 | 1.56 | 1796997 | 442739 | 59.93 | Nifty Fmcg | 34681.25 | 1.18 | 80169 | |
| Container Corp Of India | 439.55 | -0.68 | 2661411 | 3080095 | 59.85 | Nifty Pharma | 13412.35 | 1.06 | 80169 | |
| Icici Lombard General In | 1609.7 | 0.28 | 543087 | 412647 | 57.35 | Nifty 50 | 14484.75 | 0.96 | 80169 | |
| Power Grid Corporation o | 203.55 | 0 | 7158427 | 9474365 | 57.12 | Nifty Realty | 329.55 | 0.63 | 80169 | |
| Itc Ltd. | 202.5 | 0.5 | 42970983 | 31087312 | 55.09 | Nifty Bank | 31998.9 | -0.27 | 80169 | |
| Lalpathlab | 2375.65 | -1.3 | 148357 | 175280 | 54.66 | Nifty Energy | 17108.55 | -0.85 | 80169 | |
| Dabur India Ltd. | 546.5 | 1.18 | 2812154 | 1996781 | 54.47 | Nifty Metal | 3493.9 | -1 | 80169 | |
| Hdfc Ltd. | 2751.2 | 3.53 | 5939812 | 2430085 | 54.04 | Nifty Media | 1729.6 | -1.54 | 80169 | |
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UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: CPI (YoY) (Dec) on 12th January, 2021
INR: Industrial Production (YoY) (Nov) on 12th January, 2021 |
•USD : EIA Short-Term Energy Outlook on 12th January, 2021
•USD : API Weekly Crude Oil Stock on 13th January, 2021 |
NEWS UPDATES
|
•State-run engineering firm BHEL on Monday said it has bagged an order worth Rs 450 crore for a steam and power plant from National Aluminium Corporation Limited. The Rs 450 crore order has been placed on BHEL by NALCO for its 5th Stream Alumina Refinery Expansion Project at Damanjodi, Odisha, Bharat Heavy Electricals Limited ( BHEL) said in a statement. •GNA Axles consolidated net profit surged 249% to Rs 26.64 on 28.9% rise in revenue from operations to Rs 276 crore in Q3 December 2020 over Q3 December 2019. •Driven by better-than-expected demand after the end of the festival season amid rising preference for personal mobility, retail sales of passenger vehicles rose 23.9% year-on-year to 2,71,249 units in December, as per data released by Federation of Automobile Dealers Associations (FADA) on Monday. •Axis Bank on Monday announced the removal of penalty on premature closure of all new retail term deposits booked on or after December 15, 2020 for a tenure of 2 years or more. “The objective of this customer-friendly feature is to inculcate and encourage retail customers to go for long-term savings without worrying about the sudden need for liquidity,” the bank said in a press statement. •TCS on Monday became the second Indian company to hit ₹12 trillion in market capitalisation after posted its strongest December quarter growth in nine years. Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint |
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BOARD MEETING
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ATVPR | Quarterly Results | 12-Jan-21 | NAVBLDR | General | 12-Jan-21 |
| COASTCORP | ESOP;Preferential Issue; Results | 12-Jan-21 | RUSHIL | Right Issue of Equity Shares;General | 12-Jan-21 |
| CSL | Quarterly Results | 12-Jan-21 | SEACOAST | Right Issue; Increase in Auth. Capital | 12-Jan-21 |
| FILATEX | Quarterly Results | 12-Jan-21 | SJVN | General | 12-Jan-21 |
| HATHWAYB | Quarterly Results | 12-Jan-21 | SSWL | Quarterly Results | 12-Jan-21 |
| HPL | Quarterly Results | 12-Jan-21 | SUPRAP | General | 12-Jan-21 |
| INDBANK | General;Quarterly Results | 12-Jan-21 | TATAELXSI | Audited Results;Quarterly Results | 12-Jan-21 |
| INDBNK | Quarterly Results | 12-Jan-21 | TRADWIN | Quarterly Results | 12-Jan-21 |
| INDITALIA | General | 12-Jan-21 | VIKASMCORP | General;Quarterly Results | 12-Jan-21 |
| KTKBANK | Quarterly Results | 12-Jan-21 | WINSOMBR | General | 12-Jan-21 |
| MESCON | Quarterly Results | 12-Jan-21 | 5PAISA | General;Quarterly Results | 13-Jan-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ORTINLAABS | 12-Jan-21 | Spin Off | SVPGLOB | 14-Jan-21 | Stock Split From Rs.10/- to Rs.1/- |
| ORTINLAABS | 12-Jan-21 | Reduction of Capital | TCS | 14-Jan-21 | Interim Dividend – Rs. – 6.0000 |
| COCHINSHIP | 13-Jan-21 | Interim Dividend – Rs. – 9.0000 | ARCHIDPLY | 18-Jan-21 | Buy Back of Shares |
| INDTONER | 14-Jan-21 | Buy Back of Shares | IRBINVIT | 20-Jan-21 | Income Distribution (InvIT) |
| INFRATRUST | 14-Jan-21 | Income Distribution (InvIT) | HCLTECH | 21-Jan-21 | Interim Dividend |
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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