The NIFTY opened at 18871.95 with a gap up of 113 points. The index initially consolidated for a brief time and eventually broke on the downside. Prices recorded its intraday high at 1887.60, saw a sharp dip, and then again formed a range that broke on the downside. The gap was filled and prices recorded its intraday low at 18778.20. The index has seen some recovery afterwards and then again consolidated. Prices have finally closed at 18812.50 with a gain of 54.15 points or 0.29% up. IT, MEDIA, METAL, and REALTY have outperformed today and closed higher by more than 1.50%, AUTO, FMCG, PHARMA, and OIL GAS underperformed today and closed with a loss. The short-term trend is up. The NIFTY again recorded lifetime new highs and ended on a record closing high. We now have a strong support zone inside 18300 – 18500. This zone is also a buy-on-dip opportunity. A close below 18500 may change the short-term trend to sideways. There is no visible resistance as prices are moving in uncharted territory. We will get a buying opportunity either on a dip towards 18500 or if prices formed a trading range. We should wait for the one and till then avoid trading the index for carrying forward trades.


The BANK NIFTY opened at 43512.10 with a gap up of 267 points. The index could not hold higher levels and started drifting downwards after recording its intraday high at 43515.05. The gap was filled, and then prices started a consolidation process, eventually breaking on the downside. The index recorded its intraday low at 43101.85 and then saw some recovery to finally close at 43219.75 with a loss of just 26 points. PSU BANKS have outperformed today and closed with a gain of 1.86%. PVT BANKS have underperformed today and ended on a flat note. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while ICICIBANK contributed the lowest. A gap-up opening did not sustain and the index has seen a sharp intraday decline today. The short-term trend is up as prices are trading near its lifetime highs. We have been tracking a narrow trading range inside the 42740 – 43340 zones. Prices have tried to break this range but failed to do so and closed inside these levels for six consecutive trading days. This narrow range suggests a sharp move is about to come. Strong Support is visible around 42000. A close below this support may change the short-term trend to sideways. We should look for a buying opportunity only as far as prices are trading above this support level.


LTI 5010.45 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 4980 and a target of 5072.5.
 IEX 148 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 147 and a target of 151.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
LTTS.22.12 Dec 4176 9.03 8.88 1029800 IGL.22.12 Dec 437.3 -1.62 9.89 9582375
BSOFT.22.12 Dec 325.15 6.07 3.47 8268000 GRANULES.22.12 Dec 343.75 -1.6 6.81 7280000
MPHASIS.22.12 Dec 2149 5.65 3.54 2203600 SRTRANSFIN.22.12 Dec 1264 -1.4 2.37 5923200
JINDALSTEL.22.12 Dec 568 5.39 13.65 27253750 BANDHANBNK.22.12 Dec 236.6 -1.27 5.25 62971200
PERSISTENT.22.12 Dec 4367 5.11 14.63 551100 BHARATFORG.22.12 Dec 854.7 -1.26 3.32 7466000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PNB.22.12 Dec 53.55 3.58 -1.89 223008000 IDEA.22.12 Dec 8.25 -1.2 -0.27 516950000
DIXON.22.12 Dec 4414.5 2.95 -1.94 516875 MCDOWELL-N.22.12 Dec 932.2 -0.61 -0.55 17592500
DLF.22.12 Dec 414.25 2.2 -0.4 45868350 EXIDEIND.22.12 Dec 189.25 -0.55 -1.37 28180800
LICHSGFIN.22.12 Dec 394.55 1.81 -5.91 9266000 TATACONSUM.22.12 Dec 818.05 -0.49 -0.36 8689500
WIPRO.22.12 Dec 415.8 1.64 -1.36 39047000 TATACOMM.22.12 Dec 1302.65 -0.48 -1.09 2943500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Itc Ltd. 339.55 -0.13 16630417 0 80.2 Nifty50 18812.5 0.29 87165
Hdfc Bank Ltd. 1619.5 0.69 10223183 0 79.43 Niftybank 43260.65 0.07 87165
Alkem 3130.1 0.19 69694 0 77.18 Nifty it 31120.5 2.4 87165
Ipca Laboratories Ltd. 864.65 -0.39 278503 0 77.12 India Vix 13.36 -3.26 87165
Icici Bank Ltd. 940.2 -1.33 15920653 0 74.84 Nifty Fmcg 45370.65 -0.36 87165
Bajaj Finserv Limited 1638.8 0.76 2111362 0 74.55 Nifty Pharma 13120.65 -0.18 87165
Torrent Pharma Ltd. 1641.7 -1.1 155588 0 73.51 Nifty Realty 459.05 1.98 87165
Tata Consultancy Serv Lt 3475.65 2.5 2180856 0 73.35 Nifty Auto 13191.75 -0.3 87162
Power Grid Corporation o 221.9 -0.94 9931471 0 73.26 Nifty Metal 6664.85 1.53 87162
Hdfc Ltd. 2700.95 0.31 3011653 0 73.19 Nifty Financial Services 19369.05 0.05 87162


   Domestic                                                                                                                                                  International
INRFX Reserves, USD on 2nd December, 2022

INR: Bank Loan Growth on 2nd December, 2022

 USD: Unemployment Rate (Nov) on 2nd  December, 2022

USD: Nonfarm Payrolls (Nov) on 2nd  December, 2022


  • Benchmark indices ended higher for the seventh consecutive session on December 1 with Nifty around 18800.At close, Sensex was up 184.54 points or 0.29% at 63,284.19, and the Nifty was up 54.20 points or 0.29% at 18,812.50. About 1985 shares have advanced, 1394 shares declined, and 141 shares are unchanged.

  • Mahindra & Mahindra on Thursday reported a 56 per cent rise in domestic passenger vehicles sales at 30,392 units in November 2022.

  • India collected Rs 1.46 lakh crore as Goods and Services Tax (GST) in November, the finance ministry said on December 1.

  • Maruti Suzuki India, India’s largest carmaker in terms of market share, on December 1 released its sales figures for the month of November 2022. The company stated that its total sales during the month rose 14.4 percent year-on-year (YoY) to 1.59 lakh units compared to 1.39 lakh units in the same month last fiscal

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BHEEMACEM A.G.M.;Stock  Split 02-Dec-22 RAJINFRA General 05-Dec-22
HIRECT General 02-Dec-22 SOFTRAKV General 05-Dec-22
INOXGREEN Quarterly Results;General 02-Dec-22 SUKHJITS Interim Dividend 05-Dec-22
INOXWIND Quarterly Results;General 02-Dec-22 TIGERLOGS General 05-Dec-22
IWEL Quarterly Results;General 02-Dec-22 TRIVIKRAMA General 05-Dec-22
JOINDRE General 02-Dec-22 VEERHEALTH Preferential Issue of shares;General 05-Dec-22
SPANDANA General 02-Dec-22 ARYAN General 06-Dec-22
SRESTHA General 02-Dec-22 BIKAJI Quarterly Results;General 06-Dec-22
SUUMAYA General 02-Dec-22 GRAUWEIL General 06-Dec-22
ZLEENCON General 02-Dec-22 MARKOLINES Right Issue of Equity Shares 06-Dec-22
DYNPRO General 03-Dec-22 MAXHEIGHTS Stock  Split;General 06-Dec-22
MAHACORP General 03-Dec-22 PTC Quarterly Results 06-Dec-22
PFS Quarterly Results 03-Dec-22 WARDINMOBI General 06-Dec-22
PRECISION A.G.M. 03-Dec-22 BRFL Quarterly Results 07-Dec-22
SABTN General 03-Dec-22 CENTEXT General 07-Dec-22
TTLEL General 03-Dec-22 DECCAN General 07-Dec-22
ALFATRAN Issue Of Warrants;Preferential Issue of shares 05-Dec-22 LUMAXIND General 07-Dec-22
BHANDERI Quarterly Results 05-Dec-22 TAKE Quarterly Results 07-Dec-22
DHANBANK General 05-Dec-22 MFSINTRCRP Quarterly Results 08-Dec-22
GUJTLRM Preferential Issue of shares 05-Dec-22 YASHINNO Scheme of Arrangement 08-Dec-22
MARG Quarterly Results 05-Dec-22 AKASHDEEP Stock  Split 12-Dec-22
MTPL General 05-Dec-22 ESHAMEDIA A.G.M. 12-Dec-22
MUFIN General 05-Dec-22 SHREESEC Stock  Split 16-Dec-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADCON 02-Dec-22 Right Issue of Equity Shares APTUS 08-Dec-22 Interim Dividend – Rs. – 2.0000
GUJTHEM 02-Dec-22 Interim Dividend – Rs. – 4.4000 BLS 08-Dec-22 Bonus issue 1:1
LIKHITHA 02-Dec-22 Stock  Split From Rs.10/- to Rs.5/- CANFINHOME 08-Dec-22 Interim Dividend – Rs. – 1.5000
MEFCOMCAP 02-Dec-22 Stock  Split From Rs.10/- to Rs.2/- VALENCIA 12-Dec-22 E.G.M.
SDBL 02-Dec-22 Interim Dividend – Rs. – 0.2500 TELESYS 14-Dec-22 E.G.M.
PANCHSHEEL 05-Dec-22 Interim Dividend – Rs. – 0.8000 BAROEXT 15-Dec-22 E.G.M.
TRIVENIGQ 06-Dec-22 E.G.M. RCF 15-Dec-22 Final Dividend – Rs. – 2.5000
ADVAIT 07-Dec-22 E.G.M. RCF 15-Dec-22 Interim Dividend – Rs. – 1.6000
HGS 07-Dec-22 Interim Dividend – Rs. – 5.0000 PRECWIRE 22-Dec-22 Bonus issue 1:2
ALKALI 08-Dec-22 E.G.M. NATHIND 23-Dec-22 E.G.M.

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