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 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.


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.


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


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


   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


  • 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.


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


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

Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014

Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Disclosure Appendix
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, suhail@elitewealth.in
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
Research Excerpts
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.
Company-Specific Disclosures
Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in, or emailing research@elitestock.com with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail research@elitestock.com.
Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
Other Disclosures
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person.
Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, board member or employee of any company in the analyst’s area of coverage.
Country Specific Disclosures
India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
1. Reports
a) EWL or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
2. Compensation
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL