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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