NIFTY:
Today, the NIFTY opened at 17476.05 with a gap up of 40 points. The index initially went up and recorded its intraday high at 17534.35 within the first few minutes of trading and then started moving down. All the gains and the gap was filled quickly and prices have moved further on the downside to record its intraday low at 17405.25. Prices have consolidated there and then bounced up. The rally took prices almost to its early morning high and finally the index closed at 17511.30 near the day highs without much of a change when compared to yesterday’s closing price. MEDIA and REALTY were the biggest outperformers today and ended with a gain of more than 2% followed by the METAL that ended 0.57% higher. The rest of the sectoral indices have closed on a flat note.
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. In case of a gap up, apply the first 15 minutes rule. However, if prices find resistance around 17500 and start moving downwards then we should look for a shorting opportunity on a breakdown below 17300. Keep a stop of 110 points and a target of 240 points from the entry point.
BANK NIFTY:
BANK NIFTY opened at 37083.15 without much of a gap. The index first move down after recording its intraday high at 37153.25. Prices have recorded its intraday low at 36824.40 and then started a process of consolidation. The index broke on the upside and then rallied again. Prices have finally closed at 37104.50 with a gain of just 41 points. PSU BANKS have continued its outperformance and closed higher by 2.62%. PVT BANKS have underperformed today and ended on a flat note Within the index, in terms of points, IDFC FIRST BANK contributed the highest while KOTAK BANK contributed the lowest.
The index continued trading narrow and choppy and today traded in a very narrow range of just 329 points. Prices have recorded a pattern of NR7 that suggests a sharp move is about to come. Last three days have been sideways so we may see a directional move in the next week.
TECHNICAL PICKS
COMPANY NAME | CMP | B/S | RATIONALE+ |
COFORGE | 5314 | 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 5330 with a stop loss of 5240 and for the target of 5440. |
APLLTD | 813 | 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 820 with a stop loss of 800 and target of 840. |
DERIVATIVE PICKS
Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
GRASIM | 1760CE | BUY | 42 | CMP | 30 | 70 | OI Increase |
Long Buildup | Short Buildup | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
AMBUJACEM.Dec 30 | 379.75 | 0.04 | 2.35 | 13003500 | SBICARD.Dec 30 | 926.75 | -3.54 | 27.42 | 5258500 | |
BANKNIFTY.Dec 30 | 37246.3 | 0.05 | 1.92 | 2261575 | FSL.Dec 30 | 175.65 | -1.95 | 9.89 | 7974200 | |
HINDALCO.Dec 30 | 457 | 0.07 | 0.28 | 28932550 | PVR.Dec 30 | 1472.3 | -1.6 | 6.36 | 2620266 | |
IOC.Dec 30 | 120.5 | 0.08 | 2.16 | 41470000 | NAUKRI.Dec 30 | 5675.45 | -1.58 | 4.31 | 1222375 | |
VOLTAS.Dec 30 | 1256.8 | 0.08 | 1.55 | 2123000 | DIVISLAB.Dec 30 | 4530.8 | -1.53 | 5.11 | 2449300 | |
Short Covering | Long Unwinding | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
SHREECEM.Dec 30 | 26469.5 | 0 | -2.63 | 173375 | WHIRLPOOL.Dec 30 | 1926.5 | -1.36 | -0.81 | 1100750 | |
ACC.Dec 30 | 2325.3 | 0.02 | -0.64 | 2049500 | DALBHARAT.Dec 30 | 1896.45 | -1.28 | -2.36 | 559250 | |
APLLTD.Dec 30 | 811.3 | 0.04 | -5.02 | 1570250 | MUTHOOTFIN.Dec 30 | 1498.3 | -1.27 | -0.18 | 3546000 | |
HEROMOTOCO.Dec 30 | 2531.8 | 0.05 | -0.54 | 4721700 | INDIGO.Dec 30 | 2002.15 | -1.05 | -1.92 | 3430000 | |
MARUTI.Dec 30 | 7440.2 | 0.05 | -1.92 | 3211100 | COROMANDEL.Dec 30 | 763.8 | -0.99 | -2.79 | 1308750 |
TOP DELIVERY PERCENTAGE
Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
Sectors | Price | Change % | Quantity | |||||||
Hdfc Ltd. | 2808.75 | -1.17 | 3455657 | 2701770 | 76.62 | Nifty 50 | 17511.3 | -0.03 | 31735576 | |
Petronet Lng Limited | 228.6 | 0.33 | 776080 | 391955 | 75.72 | Nifty Bank | 37105.65 | 0.06 | 14971856 | |
Colgate Palmolive (india | 1438.35 | -0.38 | 644945 | 474602 | 72.94 | Nifty it | 35939.6 | -0.02 | 629292 | |
Sbi Life Insurance Compa | 1175.6 | 1.23 | 949040 | 642694 | 71.5 | Nifty Auto | 11080.05 | 0.19 | 50181023 | |
Rec Limited | 136.25 | -0.37 | 9120258 | 5909572 | 69.34 | Nifty Metal | 5658.9 | 0.52 | 98329319 | |
Hdfc Bank Ltd. | 1522.55 | -0.28 | 3889692 | 2503457 | 66.4 | Nifty Fmcg | 38189.55 | -0.03 | 497207 | |
City Union Bank Ltd. | 149.95 | 2.71 | 2496171 | 1120586 | 66.15 | India Vix | 16.06 | -3.25 | 3.39E+08 | |
Sbi Cards And Payment Se | 921.95 | -3.54 | 7864424 | 4947155 | 63.68 | Nifty Pharma | 13446.1 | -0.02 | 41274666 | |
Siemens Ltd | 2445.35 | 7.65 | 3375572 | 822150 | 62.15 | Nifty Realty | 519.4 | 2.31 | 1.08E+09 | |
Hindustan Aeronautics Li | 1305.1 | 0.98 | 707800 | 260229 | 62.09 | Nifty Services Sector | 24704.75 | -0.15 | 22481167 |
UPCOMING ECONOMIC DATA
Domestic International | |
INR: CPI (YoY) (Nov) on 13th December, 2021
INR: WPI Inflation (YoY) (Nov) on 14th December, 2021 |
•USD: OPEC Monthly Report on 13th December, 2021
•USD: PPI (MoM) (Nov) on 14th December, 2021 |
NEWS UPDATES
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Lupin Limited has entered the diagnostics segment with the launch of Lupin Diagnostics in India, Lupin Diagnostics aims to provide diagnostics services to doctors, patients and consumers. The company has established a state-of the-art 45,000 sq. ft National Reference Laboratory in Navi Mumbai
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Passenger vehicle wholesales in the country declined by 19 per cent in November as the semiconductor shortage continued to impact vehicle production and subsequent deliveries to dealer partners, auto industry body SIAM.
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SpiceJet said that it is planning to introduce a drone delivery service to strategically expand its logistics platform. The said it will first target mid-mile drone deliveries while preparing for last-mile deliveries in the future
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Korean major Hyundai, which has the second-largest market share in India’s passenger vehicle market, will invest around Rs 4,000 crore to launch six electric vehicles (EVs) by 2028. The of the six vehicles will come in 2022. Of the six, around three will be developed on Hyundai’s global electric vehicle platform E-GMP while the other three are likely to be on South modified platforms in India
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
CMMHOSP | General | 13-Dec-21 | KALPACOMME | General | 15-Dec-21 |
DANUBE | Stock Split | 13-Dec-21 | MAHALXSE | General | 15-Dec-21 |
GRNLAMIND | Stock Split | 13-Dec-21 | ODYCORP | General | 15-Dec-21 |
JINDALPHOT | Voluntary Delisting of Shares | 13-Dec-21 | PITHP | General | 15-Dec-21 |
MAHACORP | General | 13-Dec-21 | POWERGRID | Interim Dividend; General | 15-Dec-21 |
SWORDEDGE | Bonus issue | 13-Dec-21 | QUANTDIA | Increase in Authorised Capital; General | 15-Dec-21 |
BHAGCHEM | Right Issue of Equity Shares | 14-Dec-21 | TATIAGLOB | General | 15-Dec-21 |
BIGBLOC | General | 14-Dec-21 | AMARSEC | General | 15-Dec-21 |
CANFINHOME | Interim Dividend;General | 14-Dec-21 | BLUECLOUDS | Issue Of Warrants; General | 15-Dec-21 |
ENERGYDEV | General | 14-Dec-21 | BURGERKING | General | 15-Dec-21 |
ORCHASP | General | 14-Dec-21 | CRESSAN | General | 15-Dec-21 |
STRLGUA | General | 14-Dec-21 | DUGARHOU | General | 15-Dec-21 |
CORPORATE ACTION
Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
NIHARINF | 13-Dec-21 | E.G.M. | BNRSEC | 16-Dec-21 | Right Issue of Equity Shares |
HINDZINC | 14-Dec-21 | Interim Dividend – Rs. – 18.0000 | CHEVIOT | 16-Dec-21 | Buy Back of Shares |
NMDC | 14-Dec-21 | Interim Dividend – Rs. – 9.0100 | EARUM | 16-Dec-21 | Stock Split From Rs.10/- to Rs.2/- |
TTKPRESTIG | 14-Dec-21 | Stock Split From Rs.10/- to Rs.1/- | KKCL | 16-Dec-21 | Bonus issue 4:1 |
RAJESHEXPO | 15-Dec-21 | Dividend – Rs. – 1.0000 | MPSLTD | 16-Dec-21 | Buy Back of Shares |
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