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Outlook

NIFTY:

NIFTY opened at 18170.40 with a gap up of 115 points. The index slightly moved lower for the first 20 minutes of trading and recorded its Intraday low at 18128.80. From there onwards, the index kept on moving higher for the whole day and recorded its intraday high at 18227.95.Minor dips in between quickly bought into. Consolidation in the afternoon broke on the upside and the index finally closed at 18212.35 with a gain of 156.60 points or 0.87% up. All the sectoral indices have closed higher today except the PHARMA that ended with a loss of just 0.15%.REALTY,AUTO, and METAL led the bulls today and ended with a gain of 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. The long-term trend is up now which was sideways before while the long-term momentum is moving within the strength zone. The Intermediate trend is up while the intermediate momentum has reached within the strength zone and is moving with full strength.

 

BANK NIFTY:

BANK NIFTY opened at 38719.60 with a gap up of 286 points. Prices have recorded its intraday low at 38604.60 in its initial trades and them moved up. The index recorded its intraday high at 388S1.4S and then moved down. Prices have spent the rest of the day moving within these two levels  and finally ended at 38708.8S with a gain of 27S points. PVT and PSU BANKS both have performed well today and closed higher by 1% and 0.61% respectively. Within the index, in terms of points, ICICI BANK contributed the highest while HDFC BANK contributed the lowest.

The short-term trend is up as prices are making a pattern of higher Highs and Higher Lows. Stay long with a modified stop at 38400 and a target at 39200.For fresh buying opportunity ,we should wait for a sharp dip to buy again.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
MCDOWELL 914 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 915 with a stop loss of 898 and for the target of 940.
MINDTREE 4635 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 4640 with a stop loss of 4590 and target  of 4710.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TCS   3840PE BUY 94 CMP 70 130 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PETRONET.Jan 27 226.2 0.02 1.01 17691000 IPCALAB.Jan 27 1036.9 -2.34 6.25 2051550
HDFCAMC.Jan 27 2495.05 0.04 1.04 3128600 METROPOLIS.Jan 27 3121 -1.76 8.26 534800
COROMANDEL.Jan 27 776.65 0.05 12.51 1343125 TCS.Jan 27 3852.05 -1.6 4.2 12106950
IEX.Jan 27 260.6 0.08 1.53 38808750 ABBOTINDIA.Jan 27 17967.5 -1.56 11.48 43200
BERGEPAINT.Jan 27 789.65 0.1 2.13 5165600 MFSL.Jan 27 1053.6 -1.48 3.77 1842750
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ZEEL.Jan 27 325.8 0.09 -0.68 75357000 MOTHERSUMI.Jan 27 244 -3.33 -6.29 18826500
HONAUT.Jan 27 43682.45 0.12 -3.74 6945 ALKEM.Jan 27 3685.95 -0.76 -0.9 243000
AMBUJACEM.Jan 27 398.6 0.13 -0.03 12957000 GRANULES.Jan 27 334.1 -0.74 -0.99 14585500
PNB.Jan 27 40.15 0.25 -0.17 2.6E+08 LTI.Jan 27 7175 -0.38 -0.29 914550
DRREDDY.Jan 27 4700.95 0.26 -0.24 2443250 CUMMINSIND.Jan 27 971.4 -0.29 -1.27 1023600

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1877.45 1.18 5362535 0 0 Nifty 50 18212.35 0.87 80724
Wipro Ltd 691.35 -0.4 11730341 0 0 Nifty Bank 38727.55 0.74 80724
Reliance Industries Ltd 2521.1 2.67 6830402 0 0 Nifty it 38604.75 0 80724
Zee Entertain. Enterp.lt 325.9 0.37 4997507 0 0 Nifty Auto 11645.9 1.45 80724
Larsen & Toubro Limited 1974.2 0.67 1585970 0 0 Nifty Metal 5685 1.33 80724
Acc Limited 2314.8 0.75 380195 0 0 India Vix 17.18 -3.25 80721
Itc Ltd. 222.75 0.36 13158894 0 0 Nifty Media 2311.4 0.82 80724
Hcl Technologies Ltd. 1352.15 0.63 3162044 0 0 Nifty Fmcg 37992.95 0.38 80724
Hindustan Unilever Ltd 2413.15 0.4 1487554 0 0 Nifty Realty 507.45 1.91 80724
Tata Steel Limited 1147.2 1.5 5035843 0 0 Nifty Pharma 13833.7 -0.15 80724

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  WPI Inflation (YoY) (Dec) on 14th January, 2022

INR:  Bank Loan and Deposit growth  on 14th January, 2022

•USD:  Federal Budget Balance (Dec) on 13th January 2022

•USD : PPI (MoM) (Dec) on 13th January 2022

NEWS UPDATES

  • India’s largest automotive manufacturing company Motherson Sumi Systems (MSSL) is looking to expand business in four key non-automotive areas. These are aerospace, logistics, technology and industrial solutions and health and medical. According to Laksh Vamaan Sehgal, Group Vice-Chairman, MSSL, the diversification to non-auto segments will help the company leverage the existing business strength of global presence, product design and development expertise.

  • Telecom operators Vodafone Idea Ltd (VIL), Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd (TTML) will not become public sector undertakings after their interest payable on dues are converted into government equity, the communications ministry said on Wednesday. The three debt-ridden companies have proposed to convert their interest liability payable to the government into equity.

  • Tata Consultancy Services (TCS) on Wednesday reported net profit of Rs 9,763 crore for the third quarter of FY22, up 12.2 per cent year-on-year. Profit for the quarter grew 1.4 per cent on a sequential basis. The Mumbai-headquartered company also announced buyback worth Rs 18,000 crore at Rs 4,500 per share.

  • Infosys continued to maintain its growth trajectory as it met street expectations even as the company revised its revenue guidance for the fiscal year 2022 to 19.5 per cent to 20 per cent. The company had raised its guidance for FY22 in Q2 to a growth of 16.5 per cent to 17.5 per cent. For the quarter the company reported net profit of Rs 5,809 crore up 11.8 per cent year on year and grew 7 per cent on sequential basis. Revenue for the quarter grew by almost 23 per cent at Rs 31,867 crore and sequentially was up 7.6 per cent.

Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint.

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ATHENAGLO Quarterly Results 13-Jan-22 PLASTIBLEN Quarterly Results 13-Jan-22
BIRLAMONEY Quarterly Results 13-Jan-22 QGO General 13-Jan-22
CESC Interim Dividend;Quarterly Results 13-Jan-22 RGIL Quarterly Results 13-Jan-22
EUREKAI Quarterly Results 13-Jan-22 RPSGVENT General 13-Jan-22
GGL Right Issue;Quarterly Results 13-Jan-22 SALEM General 13-Jan-22
GOBLIN General 13-Jan-22 SOMANYCERA General 13-Jan-22
GTPL Quarterly Results 13-Jan-22 SURANASOL Quarterly Results 13-Jan-22
INDITALIA General 13-Jan-22 TATAMETALI Quarterly Results 13-Jan-22
MBECL General 13-Jan-22 ASHCAP Quarterly Results 14-Jan-22
MEGACOR Quarterly Results 13-Jan-22 ASMTEC Rights Issue 14-Jan-22
MINDTREE Quarterly Results 13-Jan-22 CHOICEIN Right Issue of Equity Shares;General 14-Jan-22
MISHTANN Interim Dividend;Quarterly Results 13-Jan-22 COSPOWER General 14-Jan-22
PALMJEWELS Right Issue;Quarterly Results 13-Jan-22 GUJHOTE Quarterly Results 14-Jan-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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
INFRATRUST 13-Jan-22 Income Distribution (InvIT) NCLRESE 14-Jan-22 E.G.M.
JAMESWARREN 13-Jan-22 Buy Back of Shares TIRUSTA 14-Jan-22 E.G.M.

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