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
ZEE 375CE BUY 19 CMP 10 35 OI Increase
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


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
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


   Domestic                                                                                                                                                  International
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
BHATIA General 10-Dec-21 LACTOSE General 11-Dec-21
BLUECLOUDS Preferential Issue of shares 10-Dec-21 MAGANTR General 11-Dec-21
DYNAMIND General 10-Dec-21 SHANTAI General 11-Dec-21
OBCL General 10-Dec-21 SHUBHAM Quarterly Results 11-Dec-21
SHIVAMAUTO Right Issue of Equity Shares 10-Dec-21 VEDL Interim Dividend 11-Dec-21
SINDHUTRAD Stock  Split 10-Dec-21 CMMHOSP General 13-Dec-21
STL General 10-Dec-21 DANUBE Stock  Split 13-Dec-21
SUPRAP General 10-Dec-21 GRNLAMIND Stock  Split 13-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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