NIFTY:
Nifty opened with flattish on Friday but failed to hold above 14,600 level and shrink sharply towards 14,350 zone.
It slips more than 270 points and closed the market deep in the red with around 1.5 per cent loss. Nifty formed a bearish candle on daily and indecisive candle on weekly chart, witnessing selling pressure on higher level.
Nifty now approaching 20 dma with placed around 14300 , so far nifty is sustaining above this level small pullback cannot be ruled out but any suitability below this level could trigger additional deeper correction towards 14100.
As we approach the Budget, the volatility is likely to increase over in the coming days. Nifty is likely to face resistance at 14450 and 14,530 levels in the coming week, while supports will come in at 14,280 and 14100 levels. The trading range is expected to remain wider in the coming week as well.
Traders should used very cautious approach at current level while all trend is up so look for buy on dips
BANK NIFTY:
Bank Nifty opened at 32088 . The index initially went on the downside and recorded its intraday low at 31119.90. It was a trend day on the downside. The index finally closed at 31167.25. PSU Banks and Private banks both have closed in the red. Within the index, in terms of points, ICICI Bank contributed highest while HDFC Bank the lowest. The index broke down from its support of 31700. We may see a further move down towards the next support of 30800.
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TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| AUROPHARMA | 923.8 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 902 and for the target 960 |
| HCLTECH | 985.8 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 974 and for the target 1005 |
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DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| RELIANCE | 2040 CE | BUY | 49.8 | CMP | 35 | 75 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| BAJAJ-AUTO.21.01 Jan | 4103 | 10.37 | 38.08 | 2313250 | FINNIFTY.21.01 Jan | 15134.4 | -2.53 | 390.16 | 47840 | |
| TCS.21.01 Jan | 3296.85 | 0.41 | 22.66 | 5676300 | INDUSINDBK.21.01 Jan | 889.8 | -3.73 | 32.09 | 14281200 | |
| ULTRACEMCO.21.01 Jan | 5590 | 0.65 | 19.98 | 1729400 | LT.21.01 Jan | 1366.1 | -0.66 | 23.44 | 15817100 | |
| WIPRO.21.01 Jan | 443.35 | 0.06 | 13.71 | 34947200 | RBLBANK.21.01 Jan | 232 | -7.33 | 16.7 | 24058400 | |
| EICHERMOT.21.01 Jan | 2982.2 | 1.95 | 13.33 | 2458050 | BIOCON.21.01 Jan | 394.4 | -11.1 | 12.74 | 12394700 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| APOLLOHOSP.21.01 Jan | 2606.9 | 0.54 | -5.64 | 1430000 | GRASIM.21.01 Jan | 1003.55 | -1.5 | -27.48 | 5757000 | |
| MRF.21.01 Jan | 92585.05 | 0.62 | -4.07 | 55610 | SAIL.21.01 Jan | 58.25 | -10.59 | -10.26 | 106571000 | |
| HDFCAMC.21.01 Jan | 3103 | 0.26 | -2.89 | 382800 | JSWSTEEL.21.01 Jan | 377.6 | -4.17 | -10.1 | 29810700 | |
| SUNTV.21.01 Jan | 506.15 | 0.91 | -2.86 | 9511500 | ADANIPORTS.21.01 Jan | 536.2 | -2.1 | -8.33 | 37942500 | |
| NAUKRI.21.01 Jan | 5355.05 | 2.72 | -0.44 | 854500 | IDEA.21.01 Jan | 12.65 | -2.32 | -7.28 | 714210000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Kotak Mahindra Bank Limi | 1828 | -1.6 | 4298175 | 3693211 | 65.15 | Nifty Auto | 10515.85 | 1.43 | 83277 | |
| Aarti Industries Ltd. | 1143.25 | -3.43 | 447812 | 348334 | 64.23 | Nifty it | 26489.75 | 0.15 | 83277 | |
| Godrej Cons Products Ltd | 790.05 | -0.93 | 1548303 | 1352646 | 62.74 | Nifty Fmcg | 34430.3 | -0.19 | 83277 | |
| Lalpathlab | 2298.7 | 0.08 | 200064 | 196656 | 62.61 | Nifty Pharma | 12542.1 | -1.22 | 83277 | |
| Icici Lombard General In | 1438.95 | -1.63 | 946642 | 536653 | 61.93 | Nifty 50 | 14371.9 | -1.5 | 83277 | |
| Sbi Life Insurance Compa | 862.55 | -1.79 | 3421388 | 1071071 | 55.97 | Nifty Media | 1690.15 | -1.65 | 83277 | |
| Hdfc Bank Ltd. | 1443.55 | -2.12 | 7696182 | 7307429 | 55.5 | Nifty Energy | 17259.8 | -1.73 | 83277 | |
| Hdfc Ltd. | 2589.45 | -2.76 | 5013872 | 1753076 | 54.78 | Nifty Realty | 320.4 | -2.84 | 83277 | |
| Larsen & Toubro Limited | 1362.1 | -0.67 | 3282665 | 1632398 | 54.68 | Nifty Bank | 31167.25 | -3.17 | 83277 | |
| Petronet Lng Limited | 241.4 | -1.81 | 4289402 | 2303935 | 54.54 | Nifty Metal | 3231.45 | -3.89 | 83277 | |
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UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Federal Fiscal Deficit (Dec) on 29nd January, 2021
INR: Infrastructure Output (YoY) (Dec) on 29nd January, 2021 |
•USD : Core Durable Goods Orders (MoM) (Dec) on 27th January, 2021
•USD : Crude Oil Inventories on 27th January, 2021 |
NEWS UPDATES
| •Reliance Industries Ltd.’s quarterly profit rose as demand for its petrochemicals increased and its digital services arm clocked higher sales. The Mukesh Ambani-led conglomerate’s profit rose 12.6% year-on-year to Rs 13,101 crore in the quarter ended December, according to its exchange filing. That compares with the Rs 11,313-crore consensus estimate of analysts tracked by Bloomberg.
•Tata Power Solar Systems Ltd. announced that it has bagged an order worth Rs 1,200 crore from state-run power giant NTPC Ltd. for setting up of 320 megawatt ground mounted solar project. Tata Power Solar, India’s largest integrated solar company and a wholly-owned subsidiary of Tata Power Co., has received a “Letter of Award” to build 320 MW of ground mounted Solar PV project for NTPC, a company. •Ultratech Cement Ltd.’s third quarter profit more than doubled as pent-up demand aided recovery from the disruption caused by the Covid-19 pandemic. Net profit jumped 122.7% year-on-year to Rs 1,584.3 crore in the three months ended December, the cement maker said in an exchange filing. That compares with the Rs 1,274.7-crore consensus estimate of analysts tracked by Bloomberg. Revenue for the cement maker rose 17.4% over last year to Rs 12,254.12 crore. The cement maker’s operational performance, too, surpassed analyst expectations, helped by lower costs and better revenue. 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 |
| AARTIDRUGS | Audited Results;Quarterly Results | 25-Jan-21 | LT | Quarterly Results | 25-Jan-21 |
| APLAPOLLO | Quarterly Results | 25-Jan-21 | NAVINFLUOR | Quarterly Results | 25-Jan-21 |
| ASTEC | Quarterly Results | 25-Jan-21 | RPGLIFE | Quarterly Results | 25-Jan-21 |
| BENARAS | Quarterly Results | 25-Jan-21 | SHARDACROP | General;Quarterly Results | 25-Jan-21 |
| CANFINHOME | Quarterly Results | 25-Jan-21 | SHRJAGP | Quarterly Results | 25-Jan-21 |
| CHENNPETRO | Quarterly Results | 25-Jan-21 | SVGLOBAL | Quarterly Results | 25-Jan-21 |
| DCW | Preferential Issue of shares | 25-Jan-21 | TGBHOTELS | General | 25-Jan-21 |
| ISEC | Quarterly Results | 25-Jan-21 | TGVSL | General;Quarterly Results | 25-Jan-21 |
| KIFS | General;Quarterly Results | 25-Jan-21 | TRIVENIGQ | Quarterly Results | 25-Jan-21 |
| KIRLFER | Quarterly Results | 25-Jan-21 | UCOBANK | Quarterly Results | 25-Jan-21 |
| KOTAKBANK | Quarterly Results | 25-Jan-21 | VINYLINDIA | Quarterly Results | 25-Jan-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| DCMSHRIRAM | 27-Jan-21 | Interim Dividend – Rs. – 5.5000 | JAIHINDPRO | 27-Jan-21 | Resolution Plan -Suspension |
| EMERALD | 27-Jan-21 | Right Issue of Equity Shares | SIEMENS | 27-Jan-21 | Final Dividend – Rs. – 7.0000 |
| GAIL | 27-Jan-21 | Buy Back of Shares | GMM | 28-Jan-21 | Interim Dividend – Rs. – 1.0000 |
| GAIL | 27-Jan-21 | Interim Dividend – Rs. – 2.5000 | HAVELLS | 28-Jan-21 | Interim Dividend – Rs. – 3.0000 |
| GARDENSILK | 27-Jan-21 | Resolution Plan -Suspension | IEX | 28-Jan-21 | Interim Dividend – Rs. – 2.5000 |
| INDIGRID | 27-Jan-21 | Income Distribution (InvIT) | SHREERAMA | 28-Jan-21 | E.G.M. |
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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