Outlook

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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