The Nifty opened at 13373.65 with a gap up of 45 points. The index initially went down filled the gap and recorded its intraday low at 13192.90. Prices then traded sideways till the afternoon. Around 12:30, the index began moving higher. Prices have rallied almost 300 points in the second half and recorded its intraday high at 13492.05. The index ended at 13466.30 near its intraday highs with a gain of 137.90 points. All the sectoral indices have seen a rally and closed higher led by IT and Pharma which closes higher by 3.56% and 2.22% respectively.
After a strong fall in day befores session. The Nifty took a breather and managed to close the day on a positive note. Moreover, a rally of 300 points in the second half suggests the bulls may be taking control again over the markets. Short term support is visible around 13200. Prices have bounced back from this support to close with decent gains.
If the index continues its bullish momentum then we should look to buy the index above 13500. Keep a stop at 13400 and a target of 13700.
Bank Nifty opened at 29605.70 with a gap up of 273 points. It was a tale of two halves. Prices have seen a sharp fall in the first half and then an equal rally in the second half. The index finally closed at 29625.95 with a gain of 300 points. Private and PSU Banks both have performed almost similar and closed higher by 0.57% and 0.97% respectively. Within the index, in terms of points, Axis Bank contributed highest while Kotak Bank the least.
Bank Nifty opened with a gap up but did not hold the gains long enough. Prices have first filled the gap and fell further towards 29000 support.
A range inside 29900 – 29200 is now visible which is acting as a support for the Bank Index.
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|TECHM||944.65||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 930 and for the target 960-970.|
|TCS||2872.50||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 2840 and for the target 2920.|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|TATACONSUM||570 CE||BUY||16.50||CMP||12||23||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|PFC.20.12 Dec||111.5||0.9||46.16||34943200||APOLLOTYRE.20.12 Dec||175.75||-0.59||17.76||10840000|
|MINDTREE.20.12 Dec||1535.1||7.78||30.73||1470400||SRTRANSFIN.20.12 Dec||941||-2.78||17.18||4995163|
|HCLTECH.20.12 Dec||918.05||5.44||22.42||22577100||PVR.20.12 Dec||1230||-5.22||13.24||1527878|
|HAVELLS.20.12 Dec||885||0.08||21.36||4005000||M&MFIN.20.12 Dec||164.8||-0.09||12.99||9164484|
|LICHSGFIN.20.12 Dec||348.3||0.14||15.59||8840000||RAMCOCEM.20.12 Dec||789.6||-0.34||11.23||1548700|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|CADILAHC.20.12 Dec||468.75||3.41||-8.07||6340400||GODREJPROP.20.12 Dec||1292||-0.36||-6.89||983450|
|SAIL.20.12 Dec||57.4||3.61||-5.89||60097000||ACC.20.12 Dec||1568.05||-0.15||-1.74||2904000|
|HDFCLIFE.20.12 Dec||641||1.79||-4.15||13664200||KOTAKBANK.20.12 Dec||1904.3||-0.67||-1.04||20724800|
|PNB.20.12 Dec||32.2||5.23||-3.92||164234000||GLENMARK.20.12 Dec||484.75||-0.74||-0.53||6308900|
|AMARAJABAT.20.12 Dec||923.8||2.57||-3.45||1680000||BHARATFORG.20.12 Dec||516||-1.48||-0.06||4968000|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Lombard General In||1457.8||1.75||623046||428235||64.11||Nifty it||23611.6||3.36||79770|
|Sbi Life Insurance Compa||853.95||1.56||2263176||1264359||56.45||Nifty Pharma||12550.95||2.22||79770|
|Tata Consumer Products l||576||2.35||3264707||2682029||55.68||Nifty Metal||3079.65||1.36||79770|
|Colgate Palmolive (india||1546.8||0.34||592488||563672||53.87||Nifty Energy||16569||1.17||79770|
|Icici Prudential Life In||482.5||2.83||2183487||1094186||52.15||Nifty 50||13466.3||1.03||79770|
|Dabur India Ltd.||504.25||0.13||4879416||2583315||51.57||Nifty Auto||8818.6||0.84||79770|
|Hindustan Petroleum Corp||210.85||0.72||9377962||4937114||48.7||Nifty Media||1598.5||0.73||79770|
|Hdfc Bank Ltd.||1373.1||0.03||11425779||5752935||48.42||Nifty Bank||29625.95||0.58||79770|
|Power Grid Corporation o||190.3||2.59||13463164||5732340||47.16||Nifty Fmcg||33329.05||0.54||79770|
|Kotak Mahindra Bank Limi||1902.95||-0.93||5073744||1822259||46.23||Nifty Realty||289.15||0.45||79770|
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UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 25th December, 2020||•USD: Crude Oil Inventories on 23rd December, 2020
•USD: New Home Sales on 23rd December, 2020
|•Electronics retailer Croma is set to add 100 stores by the end of the next financial year, its highest-ever yearly store addition. The move comes at a time when sales of home appliances, laptops and other electronics remained strong as the pandemic drove demand for washing machines and large-screen TVs. Croma is operated by Infiniti Retail Ltd—a wholly owned subsidiary of Tata Sons Pvt. Ltd. The company operates a multi-brand retail chain of consumer electronics and durables.
•Domino’s Pizza on Tuesday has introduced India’s first plant-protein based product — ‘The Unthinkable Pizza’, the Jubilant FoodWorks Limited said in the regulatory filing. The pizza is made from plant based proteins. Domino’s latest offering is “100% vegetarian and yet has the sensory properties of chicken,” the company said.
•The Union government has laid down the template for the transparent gas market price discovery and has empanelled SBI Capital Markets Ltd, MSTC Ltd, Crisil Risk and Infrastructure Solution Ltd, RITES Ltd and mjunction services Ltd to carry out discovery auctions through an electronic platform.
•Borosil Renewables Ltd. is the only solar glassmaker in India. Add to that some successful fundraising in order to double capacity for the second time in five years, and protection from an anti-dumping duty on its only competition — imports — and that may explain why the share price has risen 320% this year. In fact, the stock has risen around 500% from its 52-week low in March.
Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|CRPRISK||A.G.M.;Audited Results||23-Dec-20||BFUTILITIE||Quarterly Results||26-Dec-20|
|DHAMPURSUG||General||23-Dec-20||JTLINFRA||Issue Of Warrants;General||26-Dec-20|
|PCJEWELLER||Preferential Issue of shares||23-Dec-20||RAJOIL||General||26-Dec-20|
|BNRSEC||General||24-Dec-20||SUPREMEINF||Audited Results;Quarterly Results||26-Dec-20|
|MOTILALOFS||General;Scheme of Arrangement||24-Dec-20||PRIMEFRESH||General||28-Dec-20|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|MJCO||23-Dec-20||Interim Dividend – Rs. – 974.00||MJCO||23-Dec-20||Interim Dividend – Rs. – 974.00|
|RAJESHEXPO||23-Dec-20||Dividend – Rs. – 1.00||RAJESHEXPO||23-Dec-20||Dividend – Rs. – 1.00|
|TOWERINFRA||23-Dec-20||Income Distribution (InvIT)||TOWERINFRA||23-Dec-20||Income Distribution (InvIT)|
|VALIANTORG||24-Dec-20||Bonus issue 1:1||VALIANTORG||24-Dec-20||Bonus issue 1:1|
|ENGINERSIN||31-Dec-20||Buy Back of Shares||ENGINERSIN||31-Dec-20||Buy Back of Shares|
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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