NIFTY:
The Nifty opened at 14473.80 with a minor gap down of just 11 points. The index first moved down and recorded its intraday low at 14432.85 within the first five minutes of trading. Prices then started moving higher. A modest rally of more than 100 points took Nifty above the 14500 mark and the index finally closed higher at 14563.45 up by 78.70 points. The Realty sector has taken a lead and closed higher by 2.76&. Banks and Auto also gained more than 1%. The Pharma, FMCG and IT sectors have seen a decline and closed lower.
Nifty continued moving higher after early morning weakness. Prices have initially traded narrow and sideways. Around 11:10 AM, prices started picking the pace and then rallied more than 100 points to close above 14550.
The index continued making lifetime new highs and closed higher for the fourth consecutive day. The trend is strong on the upside and we should just look to buy. The idea is to buy around 14500 with a tight stop of 50 points and for the target of 14620.
BANK NIFTY:
Bank Nifty opened at 31835.05 with a gap down of 178 points. Prices have recorded its intraday low at 31725.85 and then rallied. The index moved higher for the whole day and finally closed near its day high. PSU Banks have performed much better and closed higher by almost 6%. Private Banks have also closed higher with a gain of 0.48%. Within the index, in terms of points HDFC Bank contributed highest while Kotak Bank the lowest.
Bank Nifty outperformed and closed higher by more than 1% while Nifty closed higher by just 0.54%.
Yesterday we mentioned a trading range of 31800-32300 and suggested to take a long trade above 32300. Prices have broken this level so we are long at the same level. Stay long with a stop at 31900 and for target 33100.
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TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| M&MFIN | 189.70 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 186 and for the target 197 |
| PEL | 1564.50 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1540 and for the target 1620. |
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DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| BAJFINANCE | 5100 CE | BUY | 201.5 | CMP | 175 | 250 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| INDUS TOWERS LIMITED.21. | 262.65 | 0.23 | 21.58 | 9668400 | BANDHANBNK.21.01 Jan | 393 | -3.96 | 40.3 | 17942400 | |
| BANKBARODA.21.01 Jan | 71.45 | 11.29 | 18.53 | 70129800 | ICICIGI.21.01 Jan | 1570 | -2.8 | 20.35 | 696150 | |
| GAIL.21.01 Jan | 139.3 | 2.88 | 16.71 | 40296600 | TVSMOTOR.21.01 Jan | 520.75 | -0.52 | 15.63 | 5521600 | |
| CANBK.21.01 Jan | 138.35 | 6.83 | 16.57 | 52169400 | NESTLEIND.21.01 Jan | 18090 | -1.75 | 15.37 | 337050 | |
| PNB.21.01 Jan | 36.6 | 4.27 | 14.61 | 155680000 | ASIANPAINT.21.01 Jan | 2770 | -2.81 | 13.37 | 5620500 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| LICHSGFIN.21.01 Jan | 441.55 | 2.34 | -3.76 | 6392000 | JUBLFOOD.21.01 Jan | 2892 | -0.87 | -0.95 | 1455750 | |
| SAIL.21.01 Jan | 76.5 | 1.66 | -1.43 | 83752000 | BEL.21.01 Jan | 134.55 | -0.41 | -0.58 | 26182000 | |
| BHARATFORG.21.01 Jan | 623.45 | 1.65 | -1.38 | 5664000 | COFORGE.21.01 Jan | 2785.35 | -1.56 | -0.23 | 646125 | |
| PFC.21.01 Jan | 122.05 | 1.54 | -1.21 | 27304800 | ||||||
| HDFCAMC.21.01 Jan | 3219.65 | 1.01 | -1.11 | 232000 | ||||||
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Hdfc Ltd. | 2747.55 | -0.13 | 3412213 | 3730773 | 62.81 | Nifty Realty | 338.65 | 2.76 | 83121 | |
| Hindustan Unilever Ltd | 2375.9 | -2.19 | 2036708 | 1664561 | 59.71 | Nifty Media | 1753.4 | 1.38 | 83121 | |
| Indus Towers Limited | 261.35 | -0.34 | 6351455 | 1909812 | 55.3 | Nifty Energy | 17329.6 | 1.29 | 83121 | |
| Kotak Mahindra Bank Limi | 1903.45 | -1.79 | 6035580 | 1596797 | 53.31 | Nifty Auto | 10119.85 | 1.24 | 83121 | |
| Max Financial Services l | 719.9 | 0.65 | 1014153 | 801970 | 52.05 | Nifty Bank | 32339 | 1.06 | 83121 | |
| Icici Lombard General In | 1565.95 | -2.72 | 451933 | 278641 | 51.31 | Nifty 50 | 14563.45 | 0.54 | 83121 | |
| Reliance Industries Ltd | 1957.05 | 3.15 | 18996047 | 7697815 | 50.08 | Nifty Metal | 3509.9 | 0.46 | 83121 | |
| Hdfc Asset Management Co | 3212.6 | 0.95 | 274537 | 168938 | 49.9 | Nifty it | 26982.1 | -0.17 | 83121 | |
| Divi S Laboratories Limi | 3767.5 | -1.44 | 758091 | 286622 | 49.31 | Nifty Fmcg | 34488.65 | -0.56 | 83121 | |
| Larsen & Toubro Limited | 1349.8 | -0.01 | 2836161 | 1565984 | 48.15 | Nifty Pharma | 13244.7 | -1.25 | 83121 | |
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UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: WPI Inflation (YoY) (Dec) on 14th January, 2021
INR: Trade Balance on 15th January, 2021 |
•USD : Core CPI (MoM) (Dec) on 13th January, 2021
•USD : Crude Oil Inventories on 13th January, 2021 |
NEWS UPDATES
| •Tata Chemicals Ltd. is in advanced talks to acquire the industrial salt unit of Archean Group that could value the business at 4.5 billion rupees ($61 million) at a minimum, according to people familiar with the matter. The Archean unit, with a production capacity of 3 million metric tons, makes industrial salt used as an intermediary in the manufacturing of products from detergents, textile dyes to plastics and glass.
•After builders accused cement manufacturers of indulging in cartelisation to jack up prices, cement manufacturers have hit out at builders saying they were misleading the government and that the government should look into their margins. The development comes a day after Union Road Transport Minister Nitin Gadkari said that the cement industry was trying to raise prices through cartelisation and there was an urgent need for a regulator. •Indian Oil Corporation (IOCL) is planning to roll out a Tatkal LPG Seva in a bid to ensure that consumers get cooking gas cylinder on the day it is booked. According to officials in the know, the service is like to be soon rolled out and the initial target for it was as early as February 1. IndianOil markets its LPG cylinders through the Indane brand. •Reliance Infrastructure-promoted power distribution companies (discoms) in Delhi – BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) on Monday paid their dues of Rs 400 crore to Aravali Power Corporation Private Ltd. (APCL). APCL is owned and operated by state owned power generator NTPC Limited. 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 |
| 5PAISA | Quarterly Results;General | 13-Jan-21 | RAJOOENG | Quarterly Results | 13-Jan-21 |
| AMTEKAUTO | Audited Results;General | 13-Jan-21 | VARROC | Preferential Issue of shares;General | 13-Jan-21 |
| ASIANTNE | Quarterly Results | 13-Jan-21 | WIPRO | Results; Interim Dividend ; Results | 13-Jan-21 |
| CESC | Interim Dividend;Quarterly Results | 13-Jan-21 | DEN | Quarterly Results | 14-Jan-21 |
| CTL | Quarterly Results | 13-Jan-21 | DGCONTENT | Quarterly Results | 14-Jan-21 |
| DRA | General | 13-Jan-21 | FIBERWEB | General | 14-Jan-21 |
| GTPL | Quarterly Results | 13-Jan-21 | HFCL | Quarterly Results | 14-Jan-21 |
| INFY | Audited Results;Quarterly Results | 13-Jan-21 | KESORAMIND | General | 14-Jan-21 |
| MIDESTI-B | Quarterly Results | 13-Jan-21 | RIIL | Quarterly Results;General | 14-Jan-21 |
| MURUDCERA | Issue Of Warrants ; Preferential Issue | 13-Jan-21 | TATASTLLP | Audited Results | 14-Jan-21 |
| NARBADA | Issue Of Warrants | 13-Jan-21 | WEBELSOLAR | Quarterly Results | 14-Jan-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| 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 |
| SVPGLOB | 14-Jan-21 | Stock Split From Rs.10/- to Rs.1/- | TIRUSTA | 22-Jan-21 | E.G.M. |
| TCS | 14-Jan-21 | Interim Dividend – Rs. – 6.0000 | DCMSHRIRAM | 27-Jan-21 | Interim Dividend |
| URJAGLOBA | 14-Jan-21 | Right Issue of Equity Shares | GMM | 28-Jan-21 | Interim Dividend |
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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