NIFTY:
The Nifty opened at 14453.30 with a minor gap up of 20 points. The index did not sustain there and saw a sharp decline. The index then traded narrow and choppy for atleast 3 hours and then saw a mild recovery. The recovery did not last long and another round of selling came in the last hour of trading. The index finally closed at 14281.30 with a loss of 152 points. All the sectoral indices have closed with losses led by the Metal, Pharma and Realty sectors.
The Nifty continued moving volatile as prices have seen two intraday declines and one rally of more than 100 points. But it was bears that have control over the market and index closed lower by more than 1%.
Back to Back trend days on the downside brought the Nifty below 14300 and now heading towards its support around 14000.
The Nifty has witnessed two large range days so it is quite possible that we may see one or two choppy and narrow range days.
BANK NIFTY:
Bank Nifty opened at 32275.15 with a minor gap up of just 18 points. The index initially traded sideways and recorded its intraday high t 32441.50. Prices have seen a sharp intraday fall and then a mild recovery and then again seen another round of sharp selling in the last hour of trading. The index finally closed at 31811. PSU Banks have continued to underperform and closed lower by 2.44% while Private Banks also closed lower by 1.36%.Within the index HDFC Bank contributed highest while Axis Bank the lowest.
It was a trend day on the downside where prices have recorded its intraday high near the opened tick and intraday low near the closing tick. Back to Back decline has brought the index near its support of 31500.
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TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| APOLLOHOSP | 2609.25 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2580 and for the target 2650. |
| LICHSGFIN | 411.15 | SELL | The stock has given a breakdown from a narrow trading range. The stock can be sold at CMP with a stop at 419 and for the target 395. |
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DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| RELIANCE | 1980 CE | BUY | 57 | CMP | 44 | 75 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| UPL.21.01 Jan | 556.3 | 6.39 | 9.71 | 17611100 | L&TFH.21.01 Jan | 96.55 | -6.76 | 16.2 | 33399200 | |
| PVR.21.01 Jan | 1488.1 | 2.61 | 6.46 | 1690271 | BANKNIFTY.21.01 Jan | 31708.95 | -1.87 | 15.86 | 1679850 | |
| ITC.21.01 Jan | 218.45 | 0.11 | 6.37 | 1.13E+08 | APOLLOTYRE.21.01 Jan | 178.4 | -3.18 | 13.31 | 14000000 | |
| HINDPETRO.21.01 Jan | 230.65 | 0.46 | 1.9 | 27936900 | RAMCOCEM.21.01 Jan | 785.65 | -4.45 | 12.06 | 1501100 | |
| INDUSINDBK.21.01 Jan | 925.9 | -4.37 | 11.18 | 15303600 | ||||||
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| ICICIPRULI.21.01 Jan | 505.85 | 0.77 | -1.76 | 4512000 | GODREJPROP.21.01 Jan | 1347.8 | -2.72 | -10.84 | 1363050 | |
| TITAN.21.01 Jan | 1499 | 1.12 | -1.41 | 6627750 | CUMMINSIND.21.01 Jan | 591 | -2.15 | -10.05 | 2073600 | |
| JUBLFOOD.21.01 Jan | 2788.9 | 1.76 | -0.89 | 1481500 | SAIL.21.01 Jan | 65.9 | -6.52 | -9.94 | 128098000 | |
| RELIANCE.21.01 Jan | 1973 | 1.75 | -0.85 | 35572000 | IDEA.21.01 Jan | 13 | -5.45 | -7.71 | 862050000 | |
| HDFCBANK.21.01 Jan | 1481.05 | 0.8 | -0.23 | 31270250 | FINNIFTYW.21.01 Jan | 15203.3 | -1.77 | -6.43 | 18040 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Power Grid Corporation o | 195.75 | -3.57 | 14691747 | 4729915 | 62.15 | Nifty Fmcg | 34502.85 | -0.37 | 83343 | |
| Hindustan Unilever Ltd | 2332.6 | -0.79 | 1733797 | 1235348 | 60.47 | Nifty Energy | 17200.75 | -0.81 | 83343 | |
| Aarti Industries Ltd. | 1226.25 | -2.41 | 254770 | 94549 | 56.33 | Nifty 50 | 14281.3 | -1.06 | 83343 | |
| Asian Paints Limited | 2588.2 | -0.1 | 2395168 | 1397161 | 54.36 | Nifty Bank | 31811.75 | -1.35 | 83343 | |
| Infosys Limited | 1312.05 | -2.45 | 8861765 | 8103557 | 53.96 | Nifty it | 25916.25 | -1.69 | 83343 | |
| Tata Consumer Products l | 584.75 | -2.93 | 3346718 | 2241375 | 49.89 | Nifty Realty | 324.55 | -2.02 | 83343 | |
| Hdfc Ltd. | 2566.5 | -2.52 | 5154593 | 1262664 | 48.88 | Nifty Auto | 9961.1 | -2.13 | 83343 | |
| Marico Limited | 411.05 | -1.42 | 2074676 | 1393266 | 48.23 | Nifty Media | 1693.65 | -2.25 | 83343 | |
| Hdfc Asset Management Co | 3185.85 | -1.8 | 325098 | 211510 | 47.83 | Nifty Pharma | 12653.5 | -2.77 | 83343 | |
| Tata Consultancy Serv Lt | 3221.75 | -0.36 | 4160906 | 1959292 | 47.42 | Nifty Metal | 3308.5 | -4.08 | 83343 | |
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UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: FX Reserves, USD on 22nd January, 2021 | •USD : Crude Oil Inventories on 20th January, 2021
•USD : Philadelphia Fed Manufacturing Index (Jan) on 21st January, 2021 |
NEWS UPDATES
| •Mindtree on Monday reported 66% rise in consolidated net profit at ₹327 crore for the quarter ending 31 December, 2020. It was ₹197 crore in the year-ago period. Consolidated revenue from operations increased 3% to ₹2,024 crore as against ₹1,965 crore in December 2019. Dollar revenue decreased 0.4% on an annual basis at $274.1 million.
•Private sector lender HDFC Bank has provided a remedial plan on its e-banking outages to the Reserve Bank of India (RBI) and expects the strategies to take shape in 10-12 weeks, following which it will request an inspection by the regulator. •Total SE will acquire a minority stake in Adani Green Energy Ltd. as the French company bets on India’s push for cleaner fuels. Total will buy a 20% stake in Adani Green from the promoter group, and half the ownership in operative solar assets for $2.5 billion, according to a company statement. As of September 2020, the promoter group held 74.92% stake in Adani Green. •Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala increased their stake in Indian Hotels to 2.1% during the December quarter as against 1.05% in September. •Tata Steel on Friday said its total output from India operations rose 3% to 4.60 million tonnes (MT) during the October-December quarter of the current financial year. 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 |
| APLLTD | General;Quarterly Results | 19-Jan-21 | MOLDTKPAC | Quarterly Results | 19-Jan-21 |
| CEATLTD | Quarterly Results | 19-Jan-21 | NETWORK18 | Quarterly Results | 19-Jan-21 |
| CSBBANK | Quarterly Results | 19-Jan-21 | RELICAB | General;Preferential Issue of shares | 19-Jan-21 |
| DCMSHRIRAM | Interim Dividend;Quarterly Results | 19-Jan-21 | SHREEGANES | Quarterly Results | 19-Jan-21 |
| GDL | Quarterly Results | 19-Jan-21 | SKIPPER | Quarterly Results | 19-Jan-21 |
| HATSUN | Quarterly Results | 19-Jan-21 | TATACOMM | Quarterly Results | 19-Jan-21 |
| HTMEDIA | Quarterly Results | 19-Jan-21 | TATAMETALI | Audited Results;Quarterly Results | 19-Jan-21 |
| ICICIGI | Audited Results;Quarterly Results | 19-Jan-21 | TATASTLBSL | Quarterly Results | 19-Jan-21 |
| JSWISPL | Quarterly Results | 19-Jan-21 | TV18BRDCST | Quarterly Results | 19-Jan-21 |
| LTI | Quarterly Results | 19-Jan-21 | VISHALBL | General | 19-Jan-21 |
| MAHABANK | Quarterly Results | 19-Jan-21 | VSSL | Quarterly Results | 19-Jan-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| IRBINVIT | 20-Jan-21 | Income Distribution (InvIT) | DCMSHRIRAM | 27-Jan-21 | Interim Dividend |
| HCLTECH | 21-Jan-21 | Interim Dividend – Rs. – 4.0000 | GAIL | 27-Jan-21 | Buy Back of Shares |
| TAALENT | 21-Jan-21 | Interim Dividend – Rs. – 20.0000 | GAIL | 27-Jan-21 | Interim Dividend – Rs. – 2.5000 |
| CESC | 22-Jan-21 | Interim Dividend – Rs. – 45.0000 | GMM | 28-Jan-21 | Interim Dividend |
| TOWERINFRA | 22-Jan-21 | Income Distribution (InvIT) | HAVELLS | 28-Jan-21 | Interim Dividend |
| WIPRO | 22-Jan-21 | Interim Dividend – Rs. – 1.0000 | IEX | 28-Jan-21 | Interim Dividend |
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