Morning-Outlook-Feature-Image
Outlook

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

  • 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.

  • 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.

  • 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.

  • 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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