NIFTY:
Nifty NIFTY opened at 18257 with a gap up of 45 points. The index slightly moved higher for the first 20 minutes of trading and recorded its intraday high at 18272.25. Prices then moved down almost 100 points in the next one hour of trading and recorded its intraday low at 18163.80. The index found support there and started an upside move. The rally recovered all the losses and came close to its early morning highs. The index finally closed at 18257.80 almost at the opening tick with a gain of 45.45 points or 0.25% up. The METAL and PHARMA sectors have outperformed today and closed higher by 3.48% & 1.57% respectively. BANKS and REALTY stocks have seen an underperformance today and closed lower.
The index continued its higher closing streak for the fifth trading day and stayed above 18200. 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; breakdown below 17650, we will be looking for shorting opportunities only.”
BANK NIFTY:
BANK NIFTY opened at 38717.55 without much of a gap. The index recorded its intraday high at the opening tick and moved down. Minor rallies did not have enough strength to take prices higher and they fizzled out quickly. The index recorded its intraday low at 38376.15 and finally close at 38465.70 with a loss of 243 points. PSU BANKS have performed well today and closed higher by 0.59% while PVT BANKS have seen a decline today and ended lower by 0.61%. Within the index, in terms of points, BANDHAN BANK contributed the highest while HDFC BANK contributed the lowest.
The short-term trend is still up as prices are making a pattern of higher Highs and Higher Lows. A buying opportunity will emerge when prices saw a intraday decline towards 38000.Wait for the one and till then avoid trading the index.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| CROMPTON | 448 | 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 450 with a stop loss of 444 and for the target of 465. |
| IRCTC | 868 | 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 871 with a stop loss of 855 and target of 900. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| JSWSTEEL | 690 CE | BUY | 19 | CMP | 12 | 35 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| PVR.Jan 27 | 1551.4 | -0.1 | -2.29 | 2708178 | FSL.Jan 27 | 182.7 | -1 | 1.49 | 12534600 | |
| IBULHSGFIN.Jan 27 | 220.85 | -0.18 | -1.55 | 33808600 | HDFCAMC.Jan 27 | 2479.85 | -0.65 | 1.66 | 3172400 | |
| CHAMBLFERT.Jan 27 | 454.2 | -0.21 | -1.79 | 4027500 | HDFCBANK.Jan 27 | 1535.5 | -1.8 | 19.58 | 36488650 | |
| AARTIIND.Jan 27 | 1105.65 | -0.23 | -7.35 | 1916750 | HDFCLIFE.Jan 27 | 673 | -0.13 | 0.15 | 19615200 | |
| PEL.Jan 27 | 2645 | -0.25 | -1.41 | 3333275 | INDIAMART.Jan 27 | 6754 | -1.61 | 5.75 | 230325 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| PNB.Jan 27 | 40.3 | 0.25 | -0.54 | 2.58E+08 | MOTHERSUMI.Jan 27 | 238.85 | -2.21 | -6.22 | 15512000 | |
| LAURUSLABS.Jan 27 | 524.2 | 0.33 | -0.44 | 4716900 | OFSS.Jan 27 | 4158.65 | -1.04 | -0.02 | 615375 | |
| HAL.Jan 27 | 1321.95 | 0.44 | -0.54 | 2817700 | DALBHARAT.Jan 27 | 2008.5 | -1.01 | -1.11 | 469250 | |
| LTTS.Jan 27 | 5675.1 | 0.64 | -0.37 | 817000 | IDEA.Jan 27 | 12.75 | -0.78 | -1.49 | 6.88E+08 | |
| PERSISTENT.Jan 27 | 4541 | 0.79 | -0.44 | 606300 | AXISBANK.Jan 27 | 742.2 | -0.75 | -0.49 | 41752800 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Honeywell Auto India Ltd | 44106.2 | 1.07 | 7746 | 0 | 89.69 | Nifty 50 | 18257.8 | 0.25 | 72213 | |
| Hdfc Bank Ltd. | 1528 | -1.84 | 20980810 | 0 | 80.37 | Nifty Bank | 38469.95 | -0.67 | 72213 | |
| Hindustan Unilever Ltd | 2414.2 | 0.04 | 1586138 | 0 | 80.19 | Nifty it | 38607 | 0.01 | 72213 | |
| Icici Prudential Life In | 592.4 | 0.71 | 825549 | 0 | 74.88 | Nifty Auto | 11686.15 | 0.35 | 72213 | |
| Persistent | 4518.35 | 0.73 | 237919 | 0 | 74.56 | Nifty Metal | 5882.75 | 3.48 | 72213 | |
| Petronet Lng Limited | 225.9 | -0.13 | 1636459 | 0 | 72.21 | India Vix | 16.71 | -2.74 | 72213 | |
| Britannia Ind Ltd. | 3749.05 | 1.32 | 129108 | 0 | 71.82 | Nifty Fmcg | 38087.25 | 0.25 | 72213 | |
| Hdfc Ltd. | 2756 | 0.68 | 2011092 | 0 | 70.99 | Nifty Realty | 503.8 | -0.72 | 72213 | |
| Sbi Life Insurance Compa | 1258.7 | 0.74 | 933409 | 0 | 70.18 | Nifty Pharma | 14051.15 | 1.57 | 72213 | |
| Marico Limited | 500.75 | -0.66 | 1475731 | 0 | 69.78 | Nifty Financial Services | 18611.8 | -0.39 | 72213 | |
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: Retail Sales (MoM) (Dec) on 14th January 2022
•USD : Industrial Production (YoY) (Dec) on 14th January 2022 |
NEWS UPDATES
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As part of Investment Promotion Activity for the now-postponed Vibrant Gujarat Summit 2022, Mukesh Ambani-led Reliance Industries Limited (RIL) on Thursday signed a memorandum of understanding (MoU) with the government of Gujarat for a total investment of Rs 5.95 trillion. The MoU entails an investment of Rs 5 trillion in Gujarat over the next 10-15 years for setting up a 100 Gw Renewable Energy Power Plant and Green Hydrogen Eco-System development in order to make the state net zero and carbon free.
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Tata Motors on Thursday reported a 2 per cent year-on-year increase at 2,85,445 units in group global wholesales, Jaguar Land Rover, for the third quarter of FY22. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range in Q3 FY22 were at 1,02,772 units, higher by 14 per cent over Q3 FY21.
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Mid-cap IT services provider Mindtree reported profit of Rs 437.5 crore for the third quarter of FY22, an increase of 34 per cent y-o-y and up 9.7 per cent sequentially. Revenue grew 35.9 per cent to Rs 2,750 crore in the Q3 of FY22, revenue were up 6.3 per cent q-o-q. Mindtree’s third quarter performance reflected the strong growth momentum that the top three players showcased on Wednesday in their results in a seasonally weak quarter.
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The National Company Law Appellate Tribunal (NCLAT) has agreed to hear US e-commerce firm Amazon’s plea challenging the Competition Commission of India’s (CCI) suspension of approval to the 2019 transaction with Future Group on February 02. The appellate tribunal has directed the Competition Commission of India (CCI) and Future Coupons Pvt Ltd (FCPL) to file their reply in next 10 days and Amazon to file a rejoinder over it.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ASHCAP | Quarterly Results | 14-Jan-22 | SVARTCORP | Quarterly Results | 14-Jan-22 |
| ASMTEC | Rights Issue | 14-Jan-22 | SWASTIVI | Quarterly Results | 14-Jan-22 |
| CHOICEIN | General;Right Issue of Equity Shares | 14-Jan-22 | TINPLATE | Quarterly Results | 14-Jan-22 |
| COSPOWER | General | 14-Jan-22 | DATASOFT | Quarterly Results | 15-Jan-22 |
| GUJHOTE | Quarterly Results | 14-Jan-22 | DCMNVL | Quarterly Results | 15-Jan-22 |
| HCLTECH | Interim Dividend;Quarterly Results | 14-Jan-22 | DEEP | Bonus issue; Issue of Equity Shares | 15-Jan-22 |
| HGS | Buy Back of Shares;General | 14-Jan-22 | HDFCBANK | Quarterly Results | 15-Jan-22 |
| INDOKEM | Quarterly Results | 14-Jan-22 | METROBRAND | Quarterly Results | 15-Jan-22 |
| INFOMEDIA | Quarterly Results | 14-Jan-22 | NGIL | Right Issue;Preferential Issue | 15-Jan-22 |
| ITHL | Quarterly Results | 14-Jan-22 | RICHIRICH | Quarterly Results | 15-Jan-22 |
| ONWARDTEC | Quarterly Results | 14-Jan-22 | SACHEMT | Quarterly Results | 15-Jan-22 |
| REFNOL | Quarterly Results;General | 14-Jan-22 | SHIVAAGRO | Quarterly Results | 15-Jan-22 |
| SPACEINCUBA | Quarterly Results | 14-Jan-22 | URJAGLOBA | Quarterly Results | 15-Jan-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ASRL | 14-Jan-22 | Bonus issue 7:10 | HGS | 17-Jan-22 | Interim Dividend – Rs. – 150.0000 |
| MOTHERSUMI | 14-Jan-22 | Spin Off | NAUKRI | 17-Jan-22 | Interim Dividend – Rs. – 8.0000 |
| NCLRESE | 14-Jan-22 | E.G.M. | JOONKTOLL | 18-Jan-22 | Right Issue of Equity Shares |
| TIRUSTA | 14-Jan-22 | E.G.M. | ANANDRATHI | 19-Jan-22 | Interim Dividend – Rs. – 5.0000 |
| ELDEHSG | 17-Jan-22 | Stock Split From Rs.10/- to Rs.2/- | TCS | 19-Jan-22 | Interim Dividend – Rs. – 7.0000 |
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