NIFTY:
NIFTY opened at 18235.65 with a gap down of just 22 points. Prices have recorded its intraday low at 18228.75 in its in initial trades and then moved up. A rally fizzled out quickly and prices have seen almost an equal decline to come near its opening tick. The index found support there and then bounced up again. Prices have recorded its intra day high at 18321.55 and then consolidated for the rest of the day. The index finally closed at 18308.10 with a gain of 52.35 points of 0.29% up. The AUTO and REALTY sectors have outperformed today and closed higher by 2.05% & 1.28%.The PHARMA and BAN KS have underperformed today and led the bears.
The short-term trend is up and it will be up as long as prices are trading above 18000levels.The first sign of a trend change will be visible when prices close below 18100 which is also the recent swing low. The long-term trend is up which was on sideways before while the long-term momentum is moving within the strength zone with full strength. 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 38212.55 with a gap down of 100 points. The index first moved up and recorded its intraday high at 38617.50 and then started moving on the downside. A decline broke early morning lows and the index recorded its intraday low at 38138.25.Prices have consolidated then and finally closed at 38243.85 with a loss of 69 points. PSU BANKS have outperformed today and closed with a gain of 0.28%.PVT BANKS have seen an underperformance today and ended lower with a loss o 0.50%. Within the index, in terms of points, SBIN contributed the highest while HDFC BANK contributed the lowest
The short-term trend is still up. As mentioned earlier, “first sign of a change will come when index closes below the swing high around 37600. We should avoid trading the index for the next couple of days and wait for a clear sense of direction.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| PEL | 2671 | 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 2675 with a stop loss of 2650 and for the target of 2730. |
| GRASIM | 1918 | 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 1925 with a stop loss of 1900 and target of 1950. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| ITC | 220 CE | BUY | 7 | CMP | 4 | 15 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| MCDOWELL-N.Jan 27 | 946.75 | 0.01 | 1.81 | 16222500 | GRANULES.Jan 27 | 15.96 | 18689900 | |||
| CANBK.Jan 27 | 228.05 | 0.04 | 0.47 | 46029600 | HCLTECH.Jan 27 | 19.35 | 24667300 | |||
| TATACHEM.Jan 27 | 1033 | 0.05 | 1.8 | 6954000 | VEDL.Jan 27 | 7.64 | 57926600 | |||
| MPHASIS.Jan 27 | 3280.95 | 0.07 | 0.95 | 2159325 | LALPATHLAB.Jan 27 | 11.86 | 528125 | |||
| TORNTPHARM.Jan 27 | 3197.75 | 0.15 | 2.84 | 669250 | LAURUSLABS.Jan 27 | 3.48 | 4866300 | |||
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| BHEL.Jan 27 | 63.95 | 0 | -1.65 | 1.21E+08 | STAR.Jan 27 | 445.1 | -2.69 | -0.02 | 5651100 | |
| TATACONSUM.Jan 27 | 765.85 | 0.03 | -1.49 | 11159100 | NATIONALUM.Jan 27 | 110.9 | -2.68 | -0.4 | 98982500 | |
| SRTRANSFIN.Jan 27 | 1244.2 | 0.03 | -1.96 | 3373600 | IDEA.Jan 27 | 12.5 | -2.34 | -1.15 | 6.66E+08 | |
| TITAN.Jan 27 | 2606.45 | 0.1 | -1.59 | 5186625 | ABCAPITAL.Jan 27 | 132.6 | -1.27 | -3.83 | 14691600 | |
| JINDALSTEL.Jan 27 | 420 | 0.13 | -0.31 | 35032500 | LUPIN.Jan 27 | 943.05 | -1.17 | -0.55 | 6506750 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Hdfc Asset Management Co | 2489.15 | 0.75 | 180829 | 0 | 84.55 | Nifty 50 | 18308.1 | 0.29 | 79014 | |
| Crompton Greaves Consume | 444.6 | -0.46 | 889473 | 0 | 76.43 | Nifty Bank | 38216.15 | -0.4 | 79014 | |
| Max Financial Services l | 1020 | -1.1 | 347930 | 0 | 70.01 | Nifty it | 38804.95 | -0.06 | 79014 | |
| Piind | 2796.1 | -0.22 | 274417 | 0 | 67.52 | India Vix | 16.77 | 1.24 | 79014 | |
| Hdfc Life Insurance Comp | 674.15 | 0.4 | 1255654 | 0 | 63.42 | Nifty Auto | 11881.25 | 2.05 | 79017 | |
| Icici Lombard General In | 1432.35 | 1.19 | 491451 | 0 | 63.33 | Nifty Metal | 5888.4 | 0.29 | 79017 | |
| Reliance Industries Ltd | 2552.25 | 0.52 | 3708822 | 0 | 63.1 | Nifty Realty | 516.1 | 1.28 | 79017 | |
| Alkem | 3577.5 | -1.31 | 73718 | 0 | 62.83 | Nifty Fmcg | 37988.9 | 0.46 | 79017 | |
| Abbott India Limited | 17515.4 | -0.99 | 24521 | 0 | 62.36 | Nifty Media | 2328.3 | 0.5 | 79017 | |
| Colgate Palmolive (india | 1467.15 | 0.24 | 388400 | 0 | 60.61 | Nifty Pharma | 13862.45 | -0.73 | 79017 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: FX Reserves, USD on 21st January, 2022
INR: Bank Loan and Deposit growth on 21st January, 2022 |
•USD: API Weekly Crude Oil Stock on 19th January 2022
•USD : Building Permits (Dec) on 19th January 2022 |
NEWS UPDATES
- The Centre has received Rs 6,651 crore as interim dividend from 12 public sector undertakings (PSUs) on Monday, edging towards its Rs 50,028 crore dividend target for the ongoing fiscal. Power Grid Corporation of India (PGCIL) has transferred Rs 2,506 crore as a dividend tranche to the government, while NMDC and Nuclear Power Corporation of India transferred interim dividends of Rs 1,605 crore and Rs 972 crore, respectively.
- Indian Railway Finance Corporation Limited (IRFC), the dedicated market borrowing arm of the Indian Railways, has raised USD 500 million (about Rs 3,500 crore) through issuance of green offshore bonds. IRFC is the first Central Public Sector Enterprise (CPSE) to list its offshore bonds exclusively at Indian stock exchanges established in the GIFT City, Gandhinagar. The bonds issuance is part of the USD 7 billion Global Medium-Term Note (GMTN) Programme, IRFC said in a statement on Monday.
- India’s largest power generating company, state-owned NTPC limited will raise $750 million through external commercial borrowing as term loan to fund its expansion plans in the renewable energy and coal mining businesses. The company floated a ‘request for proposal’ (RfP) on Monday. “NTPC Ltd is looking to raise external commercial borrowing (ECB) in the form of term loan amounting to $500 million plus green shoe option of $250 million,” the RfP said.
- Domestic telecom gear maker HFCL on Monday posted 4.7 per cent decline in consolidated profit to Rs 81.1 crore for the third quarter ended December 31, 2021 mainly on account of hike in component prices, especially semiconductors. The company had posted a profit after tax of Rs 85.11 crore in the same period a year ago.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ANUP | Quarterly Results | 18-Jan-22 | NEWGEN | Quarterly Results | 18-Jan-22 |
| BAJFINANCE | Quarterly Results;General | 18-Jan-22 | OROSMITHS | Quarterly Results | 18-Jan-22 |
| CPML | General | 18-Jan-22 | PADAMCO | Quarterly Results | 18-Jan-22 |
| DCMSHRIRAM | Interim Dividend;Quarterly Results | 18-Jan-22 | RAJGLOWIR | Quarterly Results | 18-Jan-22 |
| DEN | Quarterly Results | 18-Jan-22 | RKFORGE | Quarterly Results;Stock Split | 18-Jan-22 |
| DHRUV | General | 18-Jan-22 | SANTETX | Issue Of Warrants | 18-Jan-22 |
| EKI | Quarterly Results | 18-Jan-22 | SGRL | Quarterly Results | 18-Jan-22 |
| ENCASH | General | 18-Jan-22 | SHAKTIPUMP | Quarterly Results | 18-Jan-22 |
| EUREKAI | Quarterly Results | 18-Jan-22 | SHALPAINTS | General | 18-Jan-22 |
| GICRE | General | 18-Jan-22 | SHINDL | Rights Issue | 18-Jan-22 |
| ICICIPRULI | Audited Results | 18-Jan-22 | SHISHIND | Quarterly Results;General | 18-Jan-22 |
| INLANPR | General | 18-Jan-22 | STARHFL | Quarterly Results;General | 18-Jan-22 |
| ISEC | Quarterly Results | 18-Jan-22 | SWISSMLTRY | Quarterly Results | 18-Jan-22 |
| JUSTDIAL | Quarterly Results;General | 18-Jan-22 | TATAELXSI | Audited Results;Quarterly Results | 18-Jan-22 |
| JYOTISTRUC | Quarterly Results;General | 18-Jan-22 | TRIDENT | Quarterly Results | 18-Jan-22 |
| LTTS | Interim Dividend;Quarterly Results | 18-Jan-22 | TV18BRDCST | Quarterly Results | 18-Jan-22 |
| NETWORK18 | Quarterly Results | 18-Jan-22 | WARDINMOBI | General;Right Issue of Equity Shares | 18-Jan-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| JOONKTOLL | 18-Jan-22 | Right Issue of Equity Shares | MAHACORP | 20-Jan-22 | E.G.M. |
| ANANDRATHI | 19-Jan-22 | Interim Dividend – Rs. – 5.0000 | RAILTEL | 20-Jan-22 | Interim Dividend – Rs. – 1.7500 |
| CHOICEIN | 19-Jan-22 | Right Issue of Equity Shares | SIEMENS | 20-Jan-22 | Final Dividend – Rs. – 8.0000 |
| TCS | 19-Jan-22 | Interim Dividend – Rs. – 7.0000 | VGIL | 20-Jan-22 | Right Issue of Equity Shares |
| HCLTECH | 20-Jan-22 | Interim Dividend – Rs. – 10.0000 | VIDLI | 20-Jan-22 | Right Issue of Equity Shares |
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