NIFTY opened at 17524.40 with a gap up of 45 points. The index recorded its intraday high at 17543.25 within the first few minutes of trading and then started moving down. The gap was filled quickly and prices have moved further on the downside to recording its intraday low at 17379.60. Prices have bounced up, rallied higher, and come close to its early morning highs.The rally took a pause there and then traded choppy and sideways for the rest of the day. The index finally closed at 17516.85 near the opening tick with a gain of 47.10 points or 0.27% up. MEDIA was the biggest outperformer today and ended with a gain of 3.57%. BANK and FINANCIAL have led the bears today and closed with a loss of nearly half percent.
The short-term trend is still sideways but the bias has changed to bearish. We have been discussing a trading range within 16800 – 17500 zones. Prices have been moving within these boundaries for the last twelve trading days. Today the index broke it on the upside but did not move further higher and closed a few ticks above 17500. If the index resumes its up move tomorrow and breaks above 17600 then we should take a long trade here. Keep a stop of 110 points and a target of 240 points from the entry point.
BANK NIFTY opened at 37331.75 with a gap up of 67 points. The index recorded its intraday high at 37397.55 and then started moving downwards. A sharp decline of about 500 points brought the index below 37000 and prices have recorded its intraday low at 36884.45. The index moved within these levels for the rest of the day and finally closed at 37063.45 with a loss of 201 points. PSU BANKS have outperformed today and closed higher by just 0.10%.PVT BANKS have underperformed today and ended with a loss of 0.40%. Within the index, in terms of points, IDFC FIRST BANK contributed the highest while HDFC BANK contributed the lowest. Prices have stayed above 36800 but seen an intraday decline to close lower. The short-term trend is up and we should look for buying only, if the decline continued tomorrow then we should be looking for a buying opportunity on a dip at or below 36500.
|TATACHEM||935||BUY||The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought above 940 with a stop loss of 920 and for the target of 980.|
|TATACONSUM||777||BUY||The immediate trend of the script is bullish. There is a positive cross over of moving averages as well as of the indicators therefore it can be buy above 780 with a stop loss of 760 and target of 798.|
|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|
|GLENMARK.Dec 30||510.55||0.04||2.57||9150550||SBICARD.Dec 30||960.5||-5.72||45.74||1112000|
|NAUKRI.Dec 30||5770.9||0.05||4.8||1182625||CHAMBLFERT.Dec 30||403.45||-2.22||2.04||60546100|
|OFSS.Dec 30||4242.55||0.05||0.42||623875||HAVELLS.Dec 30||1396.7||-1.93||5.09||6097263|
|AUBANK.Dec 30||1167.4||0.08||1.05||3693500||APLLTD.Dec 30||806.9||-1.85||6.92||1.37E+08|
|CADILAHC.Dec 30||464.9||0.1||1.79||18847400||APOLLOHOSP.Dec 30||5265||-1.8||3.72||18520700|
|Short Covering||Long Unwinding|
|JSWSTEEL.Dec 30||674.9||0.08||-0.71||45728550||BIOCON.Dec 30||374.7||-2.57||-2.52||18558700|
|OBEROIRLTY.Dec 30||882.85||0.1||-0.04||3213700||BANKNIFTY.Dec 30||37203||-0.53||-0.98||2270975|
|SRF.Dec 30||2139.5||0.16||-0.84||3485000||POLYCAB.Dec 30||2381.1||-0.52||-2.39||501900|
|DLF.Dec 30||400.1||0.38||-0.48||32604000||PIIND.Dec 30||2945.3||-0.47||-0.14||1653500|
|PEL.Dec 30||2649.45||0.39||-0.32||3619825||DEEPAKNTR.Dec 30||2330.1||-0.44||-0.21||2401000|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Sbi Life Insurance||1161.35||-0.7||1136171||0||74.6||Nifty 50||17516.85||0.27||80832|
|Hdfc Bank Ltd.||1526.85||-1.73||5873872||0||73.77||Nifty Bank||37082.45||-0.54||80832|
|Crompton Greaves Consume||438.65||2.19||928259||0||73.55||Nifty it||35946.35||-0.04||80832|
|Lupin Limited||887.55||-0.19||897841||0||71.97||India Vix||16.6||-3.82||80832|
|Dabur India Ltd.||579.75||0.99||1444157||0||71.08||Nifty Fmcg||38201.65||1.44||80832|
|Hdfc Ltd.||2842.05||-0.38||2036491||0||70.65||Nifty Mnc||19136.65||0.85||80832|
|Hdfc Life Insurance Comp||683.15||-0.47||1650779||0||70.23||Nifty Pharma||13449.4||0.12||80832|
|Hindustan Unilever Ltd||2339.75||-0.04||716666||0||68.94||Nifty Auto||11058.75||0.46||80832|
|Rec Limited||136.75||0.44||7817226||0||68.71||Nifty Metal||5629.8||0.62||80829|
|Godrej Cons Products Ltd||927.7||2.76||2071868||0||68.23||Nifty Realty||507.65||-0.28||80832|
UPCOMING ECONOMIC DATA
|INR: Manufacturing Output (MoM) (Oct) on 10th December, 2021
INR: Industrial Production (YoY) (Oct) on 10th December, 2021
|•USD: CPI (YoY) (Nov) on 10th December, 2021
•USD: Federal Budget Balance (Nov) on 11th December, 2021
Biscuits major Parle Products expects 20-25 per cent growth in exports on the back of the government’s production-linked incentive (PLI) scheme in the food processing sector, for which it has received approval, according to a senior company official. The company, which exports its products to over 100 countries globally, feels that the PLI scheme will help it in becoming cost competitive, besides increasing competitiveness abroad with offerings of quality products.
Bharti Airtel on Thursday launched ‘Airtel India Startup Innovation Challenge’ in partnership with Invest India that will let early-stage technology companies demonstrate differentiated solutions. The challenge invites early-stage Indian startups to demonstrate solutions for 5G, IoT, Cloud Communications, Digital Advertising and Digital Entertainment.
Homegrown pharma major Dr Reddy’s Laboratories on Thursday said it has launched Valsartan tablets, used for treatment of high blood pressure and heart failure, in the US market. The Valsartan tablet is the generic therapeutic equivalent of Diovan, approved by the US Food and Drug Administration (USFDA), the company said in a regulatory filing.
India’s TVS Motor Company, the flagship of the $8.5 billion TVS Group, said on Thursday it has a new distribution partnership with Active Motors SA for Nicaragua and Costa Rica to expand its business in Central America further. Active Motors SA, a subsidiary of Grupo Q, will support TVS Motor with dedicated sales, service, spares and customer relationship management (CRM).
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AASHKA||Half Yearly Results||10-Dec-21||INDPRUD||General||11-Dec-21|
|BLUECLOUDS||Preferential Issue of shares||10-Dec-21||MAGANTR||General||11-Dec-21|
|SHIVAMAUTO||Right Issue of Equity Shares||10-Dec-21||VEDL||Interim Dividend||11-Dec-21|
|UNIVPHOTO||Voluntary Delisting of Shares||10-Dec-21||JINDALPHOT||Voluntary Delisting of Shares||13-Dec-21|
|BEARDSELL||Right Issue of Equity Shares||11-Dec-21||MAHACORP||General||13-Dec-21|
|CRPRISK||A.G.M.;Audited Results||11-Dec-21||SWORDEDGE||Bonus issue||13-Dec-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|SEACOAST||10-Dec-21||E.G.M.||CHEVIOT||16-Dec-21||Buy Back of Shares|
|NIHARINF||13-Dec-21||E.G.M.||EARUM||16-Dec-21||Stock Split From Rs.10/- to Rs.2/-|
|HINDZINC||14-Dec-21||Interim Dividend – Rs. – 18.0000||KKCL||16-Dec-21||Bonus issue 4:1|
|NMDC||14-Dec-21||Interim Dividend – Rs. – 9.0100||MPSLTD||16-Dec-21||Buy Back of Shares|
|TTKPRESTIG||14-Dec-21||Stock Split From Rs.10/- to Rs.1/-||SRD||16-Dec-21||Bonus issue 1:1|
|RAJESHEXPO||15-Dec-21||Dividend – Rs. – 1.0000||VEDL||16-Dec-21||Interim Dividend|
|BNRSEC||16-Dec-21||Right Issue of Equity Shares||BAMBINO||21-Dec-21||Final Dividend – Rs. – 1.6000|
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