NIFTY:
NIFTY opened at 17997.75 without much of a gap. The index slightly moved lower in the first hour of trading and recorded its intraday low at 17964.40. Prices have found support there and bounced up. A rally broke early morning highs and brought the index to its intraday high at 18081.25. The index then again moved sideways for the last two hours of trading but remained above the 18000 level and finally closed at 18055.75 with a gain of 52.45 points or 0.29% up. We have seen the mixed performance on the sectoral front. The METAL underperformed today and ended nearly 2% lower.IT outperformed today and ended higher by more than 1%.
The short-term trend is up, Support is visible around 17650 while resistance is visible around the lifetime high recorded around 18600 as far as the index is moving above 18000. Our bias will be bullish if the index stays above the 18000 level. Between 17650 – 18000, our view will be sideways. And on a breakdown below 17650, we will be looking for shorting opportunities only. The long-term trend is up now which was sideways before while the long-term momentum is moving within the strength zone.
BANK NIFTY:
BANK NIFTY opened at 38370 without much of a gap. The index started drifting downwards from its opening tick and recorded its intraday low at 38031.75. Prices then bounced up from there, broke its early morning highs and recorded its intraday high at 38504.60. The index finally close at38433.55 with again of 89 points. PSU BANKS have seen an underperformance today and ended with a loss of 0.22%.PVT BANKS did not move much today and ended 0.05% higher. Within the index, in terms of points, AU BANK contributed the highest while KOTAK BANK contributed the lowest.
The index opened below 38500 and moved down but did not come at or below 38000. However, a sharp rally after the initial decline brought index a 38500 so our long trade executed there. Since prices did not touch neither stop nor target today so the trade remained intact. Stay long with stop at 38200 and a target at 39200.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| NAUKRI | 5638 | 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 5650 with a stop loss of 5600 and for the target of 5750. |
| ADANIPORTS | 765 | 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 768 with a stop loss of 760 and target of 780. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| HCLTECH | 1350CE | BUY | 38 | CMP | 30 | 55 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| IPCALAB.Jan 27 | 1060.8 | 0.01 | 1.49 | 2021400 | GMRINFRA.Jan 27 | 45.05 | -7.11 | 84.06 | 53797500 | |
| CANFINHOME.Jan 27 | 599.2 | 0.01 | 1.68 | 3953625 | SAIL.Jan 27 | 104.4 | -5.18 | 7.68 | 1.69E+08 | |
| ULTRACEMCO.Jan 27 | 7625 | 0.04 | 0.27 | 1650800 | JINDALSTEL.Jan 27 | 385.75 | -5.05 | 0.43 | 34490000 | |
| SHREECEM.Jan 27 | 27081.7 | 0.05 | 1.4 | 171775 | JSWSTEEL.Jan 27 | 649.65 | -3.8 | 7.65 | 45261450 | |
| WIPRO.Jan 27 | 693.35 | 0.06 | 13.02 | 27984800 | TATASTEEL.Jan 27 | 1136.45 | -2.96 | 2.12 | 45537050 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| UBL.Jan 27 | 1602.55 | 0.02 | -1.78 | 1041950 | IDEA.Jan 27 | 11.8 | -21.07 | -0.87 | 7.91E+08 | |
| DLF.Jan 27 | 410 | 0.05 | -1.6 | 28997100 | NATIONALUM.Jan 27 | 109.05 | -3.54 | -4.25 | 99637000 | |
| NIFTY.Jan 27 | 18085.05 | 0.2 | -1.37 | 10432150 | INDIACEM.Jan 27 | 245.05 | -2.51 | -1.81 | 15271400 | |
| LT.Jan 27 | 1966 | 0.2 | -0.04 | 13148525 | JKCEMENT.Jan 27 | 3466.9 | -2.4 | -2.67 | 312375 | |
| MARUTI.Jan 27 | 8149.85 | 0.23 | -0.29 | 2368300 | IBULHSGFIN.Jan 27 | 222.7 | -2.02 | -4.72 | 35197400 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Hindustan Unilever Ltd | 2403.65 | -0.14 | 1321335 | 0 | 76.21 | Nifty 50 | 18055.75 | 0.29 | 76509 | |
| Icici Prudential Life In | 583.1 | -1.12 | 1842785 | 0 | 73.44 | Nifty Bank | 38442.2 | 0.25 | 76509 | |
| Voltas Ltd. | 1247.05 | -0.53 | 621165 | 0 | 67.97 | Nifty it | 38605.45 | 1.03 | 76509 | |
| Persistent | 4491.95 | -0.04 | 179558 | 0 | 67.28 | Nifty Auto | 11479.7 | -0.19 | 76503 | |
| Power Grid Corporation o | 203.85 | -0.07 | 5406591 | 0 | 66.95 | Nifty Metal | 5610.35 | -1.9 | 76503 | |
| Piind | 2866.9 | -0.71 | 284934 | 0 | 66.73 | India Vix | 17.76 | 0.44 | 76509 | |
| Divi S Laboratories Limi | 4516.55 | 1.14 | 476123 | 0 | 66.42 | Nifty Pharma | 13854.25 | -0.03 | 76506 | |
| Crompton Greaves Consume | 444.05 | -0.22 | 1864439 | 0 | 65.96 | Nifty Fmcg | 37849.9 | -0.35 | 76506 | |
| Britannia Ind Ltd. | 3743.35 | -0.66 | 206008 | 0 | 65.77 | Nifty Realty | 497.95 | 0.57 | 76506 | |
| Hdfc Ltd. | 2710.95 | 1.93 | 4169998 | 0 | 65.7 | Nifty Media | 2292.65 | -0.04 | 76503 | |
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
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The operating margin of India Inc is likely to drop in the December quarter with a 100-120 bps year-on-year decline, as 27/40 sectors are set to see crimped margins despite higher revenue, according to a report. Surging commodity prices and price hikes may help companies report a healthy 16-17 per cent revenue growth to Rs 9.1 lakh crore during the quarter ending December, the Crisil report said on Tuesday.
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After Vodafone Idea, Tata Teleservices (Maharashtra) on Tuesday said it will opt for conversion of the interest amount on AGR dues into equity and post conversion, the government’s holding in the company is expected to be around 9.5 per cent.
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Federal Bank subsidiary Fedbank Financial Services Ltd (FedFina) has initiated the process of an initial public offering (IPO), the bank said on Tuesday. The board of directors of the bank FedFina in a meeting on January 11, 2022, has approved initiating the process of an initial public offering (IPO) by way of fresh issue and offer for sale, Federal Bank said in a regulatory filing.
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The Future Group on Tuesday submitted before the Supreme Court that Future Retail Ltd will sink with its 30,000 employees, if its over Rs 24,000 crore deal with Reliance Retail fails to reach fruition. The Future Group also sought permission from a bench headed by Chief Justice N.V. Ramana to proceed with the deal to sell its retail assets to Reliance Retail.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| CSLFINANCE | Issue Of Warrants;Pref. Issue of shares | 12-Jan-22 | NIRMITEE | Increase in Authorised Capital;General | 12-Jan-22 |
| EASEMYTRIP | Bonus issue | 12-Jan-22 | PRADHIN | Quarterly Results | 12-Jan-22 |
| FEDERALBNK | General | 12-Jan-22 | RAJNISH | General | 12-Jan-22 |
| FILATFASH | General | 12-Jan-22 | ROSELABS | Quarterly Results | 12-Jan-22 |
| HAZOOR | General | 12-Jan-22 | TATIAGLOB | General | 12-Jan-22 |
| HKG | Bonus issue;General | 12-Jan-22 | TCS | Interim Dividend;Quarterly Results | 12-Jan-22 |
| HPCOTTON | Issue Of Warrants;Pref. Issue of shares | 12-Jan-22 | TINNARUBR | Quarterly Results | 12-Jan-22 |
| INDBANK | General;Quarterly Results | 12-Jan-22 | VIRINCHI | Results;Issue Of Warrants;Pref. Issue | 12-Jan-22 |
| INDBNK | Quarterly Results | 12-Jan-22 | WIPRO | Interim Dividend;Quarterly Results | 12-Jan-22 |
| INFY | Audited Results;Quarterly Results | 12-Jan-22 | ATHENAGLO | Quarterly Results | 13-Jan-22 |
| KDLL | Quarterly Results | 12-Jan-22 | BIRLAMONEY | Quarterly Results | 13-Jan-22 |
| KOCL | Quarterly Results | 12-Jan-22 | CESC | Interim Dividend;Quarterly Results | 13-Jan-22 |
| NBFOOT | Quarterly Results | 12-Jan-22 | EUREKAI | Quarterly Results | 13-Jan-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| SINDHUTRAD | 12-Jan-22 | E.G.M. | INFRATRUST | 13-Jan-22 | Income Distribution (InvIT) |
| SMLT | 12-Jan-22 | Interim Dividend – Rs. – 1.0000 | JAMESWARREN | 13-Jan-22 | Buy Back of Shares |
| AJANTPHARM | 13-Jan-22 | Buy Back of Shares | SRIPIPES | 13-Jan-22 | Amalgamation |
| BHATIA | 13-Jan-22 | E.G.M. | ASRL | 14-Jan-22 | Bonus issue 7:10 |
| INDOAMIN | 13-Jan-22 | Stock Split From Rs.10/- to Rs.5/- | MOTHERSUMI | 14-Jan-22 | Spin Off |
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