NIFTY:
NIFTY opened at 17797.60 with a gap up of 52 points. The index continued the strong momentum and rallied further to record its intraday high at 17905. Prices have found resistance there and started drifting downwards. A sharp decline of almost 200 points brought prices to its intraday low at 17704.55. The index then again rallied almost 100 points, came close to its opening price, and finally closed at 17812.70 with a gain of 66.80 points or 0.38% up. BANK and FMCG outperformed today and closed with gains while AUTO,MEDIA, and PHARMA underperformed today and ended with a loss. FINANCIAL and REALTY closed almost unchanged.
On a weekly chart, the NIFTY has been moving higher from the last three weeks after recording a swing low at 16410.20.Prices have been closing at the top. This is a process of expansion and may lead to consolidation. The short-term trend is up and intact. Support is visible around 17500 while resistance may appear around 18000 levels. The index is trading near that level. We have mentioned a few scenarios which couId suggest a trade.
BANK NIFTY:
BANK- Nifty opened at 37667.05 with a gap up of 197 points. The index moved Further on the upside and recorded its intraday high 38134.85. Prices then saw a sharp intraday decline, erases all the gains and recorded its intraday low at 37427.80.A minor recovery came afterward! and the index finally closed at 37755.10 with a gain of 285 points. PVT BANKS have outperformed today and closed wit h a ga in of 0.61%.PSU BANKS have seen an under performance today and ended with marginal gains.
For today, we had suggested a trade. The trade was to buy on a dip at 37000.The index never reached at 37000 so this trade did not execute. We are recommending the same trade for tomorrow also. Buy the index on a retest at 37000 level. Keep a stop of 200 points and a target of 600 points.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| APOLLOHOSP | 5021 | BUY | The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be buy above 5030 with a stop loss of 4980 and for the target of 5140. |
| GUJGASLTD | 684 | 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 685 with a stop loss of 675 and target of 700. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| NATIONALUM | 110CE | BUY | 5 | CMP | 3 | 10 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| MINDTREE.Jan 27 | 4620.95 | 0.03 | 1.47 | 2518000 | PEL.Jan 27 | 2591.85 | -3 | 6.58 | 3304400 | |
| LTI.Jan 27 | 7225.25 | 0.05 | 4.56 | 790500 | COFORGE.Jan 27 | 5711.6 | -1.84 | 9.88 | 762700 | |
| DEEPAKNTR.Jan 27 | 2546 | 0.06 | 0.07 | 2147250 | BEL.Jan 27 | 209.15 | -1.76 | 2.79 | 24681000 | |
| SBIN.Jan 27 | 493.4 | 0.09 | 0.34 | 90403500 | GRANULES.Jan 27 | 320.75 | -1.66 | 0.63 | 13967050 | |
| NBCC.Jan 27 | 50.55 | 0.1 | 16.07 | 26868000 | NAVINFLUOR.Jan 27 | 3994.15 | -1.56 | 3.1 | 366750 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| PIIND.Jan 27 | 2963.45 | -0.02 | 1.35 | 1672250 | GMRINFRA.Jan 27 | 45.85 | -5.37 | -36.58 | 83250000 | |
| INFY.Jan 27 | 1822.65 | -0.1 | 7.67 | 35389800 | METROPOLIS.Jan 27 | 3278.2 | -2.18 | -2.58 | 506200 | |
| IEX.Jan 27 | 262 | -0.17 | 0.08 | 38220000 | ABBOTINDIA.Jan 27 | 18454.45 | -1.97 | -1.97 | 32425 | |
| HINDCOPPER.Jan 27 | 132.05 | -0.19 | 9.61 | 10203900 | LALPATHLAB.Jan 27 | 3751.55 | -1.77 | -3.84 | 462750 | |
| JSWSTEEL.Jan 27 | 673.9 | -0.19 | 0.25 | 41773050 | PVR.Jan 27 | 1367.55 | -1.39 | -3.38 | 2630441 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Hdfc Life Insurance Comp | 660.3 | 2.07 | 2168995 | 1195927 | 75.19 | Nifty 50 | 17812.7 | 0.38 | 33981978 | |
| Piind | 2949.05 | -0.18 | 330943 | 215216 | 69.59 | Nifty Bank | 37739.6 | 0.67 | 16022269 | |
| Indraprastha Gas Limited | 468.3 | 0.81 | 2088607 | 979268 | 69.15 | Nifty it | 38139.85 | 0.34 | 1067087 | |
| Hindustan Unilever Ltd | 2416.15 | 1.03 | 1026186 | 748150 | 69.13 | Nifty Auto | 11290.9 | -0.23 | 53497422 | |
| Polycab India Limited | 2477.3 | 1.53 | 713835 | 104714 | 69.11 | Nifty Metal | 5684.85 | 0.51 | 1.07E+08 | |
| Icici Lombard General In | 1446.55 | -0.17 | 334076 | 167327 | 68.38 | India Vix | 17.6 | -2.11 | 3.4E+08 | |
| Asian Paints Limited | 3576.3 | 1.75 | 964364 | 490383 | 68.23 | Nifty Realty | 485.8 | 0.03 | 1.24E+09 | |
| Hdfc Ltd. | 2596.7 | -0.9 | 6185361 | 4418785 | 67.48 | Nifty Fmcg | 37864.45 | 0.64 | 340881 | |
| Hdfc Asset Management Co | 2440.75 | -0.39 | 233181 | 168339 | 67.03 | Nifty Pharma | 13857.95 | -0.39 | 43573131 | |
| City Union Bank Ltd. | 139.4 | -0.43 | 6258154 | 3790902 | 66.52 | Nifty Financial Services | 18206.05 | 0.17 | 4567668 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Industrial Production (YoY) (Nov) on 12th January, 2022
INR: CPI (YoY) (Dec) on 12th January, 2022 |
•USD: CPI (YoY) (Dec) on 12th January 2022
•USD : Crude Oil Inventories on 12th January 2022 |
NEWS UPDATES
- IndiaMART, India’s largest B2B marketplace, has made an investment of about Rs 13.35 crore via its wholly-owned subsidiary Tradezeal Online Private Limited, to acquire a 26.01% stake in EasyEcom (Edgewise Technologies Private Limited). A press release issued by EasyEcom says Edgewise Technologies is an AI-driven omnichannel inventory and warehouse management company that offers SaaS-based online commerce enablement solutions to merchants.
- Tata Consultancy Services (TCS) on Friday said its Board will consider a buyback proposal on January 12. Board of Directors will consider a proposal for buyback of equity shares of the Company, at its meeting to be held on January 12, 2022,” a regulatory filing said. No other details of the buyback proposal were disclosed.
- Tata Power on Friday said it has secured the highest score among its peers in the Indian power sector in S&P Global’s recently released corporate sustainability assessment (CSA) results. It has scored 67 out of 100, which is significantly higher than the average world electric utility sector (comprising both Indian and global electric utilities) score of 38, said the statement.
- Macrotech Developers has entered into 11 joint development agreements (JDAs) with landowners so far this fiscal year, with an estimated sales revenue potential of Rs 14,500 crore. Mumbai-based Macrotech Developers, which is one of the leading real estate developers in India, markets its properties under Lodha brand.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| 5PAISA | General;Quarterly Results | 10-Jan-22 | CENTEXT | General | 11-Jan-22 |
| EXCEL | General | 10-Jan-22 | DANUBE | Quarterly Results | 11-Jan-22 |
| GANGAPA | Quarterly Results | 10-Jan-22 | DELTACORP | Quarterly Results | 11-Jan-22 |
| GISOLUTION | Quarterly Results | 10-Jan-22 | DIVYAJYQ | General | 11-Jan-22 |
| GNA | Quarterly Results | 10-Jan-22 | GANESHHOUC | Quarterly Results | 11-Jan-22 |
| GRAVITA | Increase in Auth. Cap.;Pref. Issue | 10-Jan-22 | GRINFRA | General | 11-Jan-22 |
| JONJUA | General | 10-Jan-22 | GYTRIPA | General;Quarterly Results | 11-Jan-22 |
| RAILTEL | Interim Dividend | 10-Jan-22 | HATHWAYB | Quarterly Results | 11-Jan-22 |
| SPANDANA | General | 10-Jan-22 | INTEGRA | Quarterly Results;Rights Issue | 11-Jan-22 |
| THAMBBI | Quarterly Results | 10-Jan-22 | ISWL | Right Issue;Pref. Issue | 11-Jan-22 |
| VIKASLIFE | General;Quarterly Results | 10-Jan-22 | JETINFRA | General | 11-Jan-22 |
| VINTRON | General | 10-Jan-22 | JTLINFRA | Results;Voluntary Delisting | 11-Jan-22 |
| ATHARVENT | Quarterly Results | 11-Jan-22 | KATRSPG | Quarterly Results | 11-Jan-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| IPCALAB | 10-Jan-22 | Stock Split From Rs.2/- to Rs.1/- | SMLT | 12-Jan-22 | Interim Dividend – Rs. – 1.0000 |
| AXITA | 11-Jan-22 | Bonus issue 1:2 | AJANTPHARM | 13-Jan-22 | Buy Back of Shares |
| GMRINFRA | 11-Jan-22 | Spin Off | BHATIA | 13-Jan-22 | E.G.M. |
| SCHABLON | 11-Jan-22 | Amalgamation | INDOAMIN | 13-Jan-22 | Stock Split From Rs.10/- to Rs.5/- |
| SINDHUTRAD | 12-Jan-22 | E.G.M. | INFRATRUST | 13-Jan-22 | Income Distribution (InvIT) |
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