NIFTY:
NIFTY opened at 18337.20 with a gap up of just 29 points. Prices have recorded its intraday high at 18350.95 in its initial trades and then moved up. A rally of almost 100 points brought the NIFTY above 18300 again but the rally fizzled out and prices have seen almost another round of a down move with more momentum. Prices have seen a decline of more than 200 points and recorded its intraday low at 18085.90. The index finally closed at 18113.05 with a loss of 195.05 points or 1.07% down. All the sectoral indices have closed with a loss today. The AUTO, METAL, and REALTY sectors ended lower by more than 2% while FMCG, IT, MEDIA, and PHARMA ended with a loss of more than 1%.
The short-term trend is up and it will be up as long as prices are trading above 18000 levels. The first sign of a trend change will be visible when prices close below 18100which is also the recent swing low. As of now, we do not have any adequate trading setup that could suggest a trade. So, we should avoid trading the index and wait for prices to stabilize first. We may see a process of consolidation or correction here.
BANK NIFTY:
BANK NIFTY opened at 38337.40 with a gap up of 94 points. The index first consolidated in a tight narrow range and broke it on the upside. A sharp rally took prices to its intraday high at 38855.55 and then the rally fizzled out. A decline erases all the gains today and prices fall further to record its intraday low at 38095.40.The index finally closed at 38214.80 with a loss of just 29 points. PSU BANKS have seen a nunder performance today and ended lower by 1.79%. On the other hands, PVT BANKS have outperformed today and ended with minor Joss of just0.10%.Withinthe index, in terms of points, AXISBANK contributed the highest while SBJN 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.”That is yet to be happen. 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+ |
| MANAPPURAMFIN | 163 | SELL | The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be sell below 162 with a stop loss of 166 and for the target of 155. |
| COLPAL | 1470 | 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 1475 with a stop loss of 1455 and target of 1500. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| AARTIIND | 1080 PE | BUY | 18 | CMP | 10 | 35 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| COLPAL.Jan 27 | 1469.45 | 0.02 | 1.99 | 3143000 | RAIN.Jan 27 | 230.5 | -7.43 | 1.66 | 6135000 | |
| ICICIBANK.Jan 27 | 822.5 | 0.03 | 1.47 | 69128125 | AMBUJACEM.Jan 27 | 380.7 | -6.7 | 13.57 | 14403000 | |
| NESTLEIND.Jan 27 | 19392.35 | 0.2 | 1.62 | 303300 | APOLLOHOSP.Jan 27 | 4617.05 | -6.1 | 11.16 | 2615625 | |
| DRREDDY.Jan 27 | 4704.85 | 0.3 | 3.36 | 2662125 | RAMCOCEM.Jan 27 | 966.8 | -5.84 | 3.69 | 2103750 | |
| GODREJCP.Jan 27 | 932.35 | 0.67 | 0.91 | 5215000 | ACC.Jan 27 | 2248.15 | -5.76 | 7.67 | 3217500 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| HDFCBANK.Jan 27 | 1531.3 | 0.22 | -2.07 | 35742850 | INDIACEM.Jan 27 | 236.7 | -6.13 | -9.14 | 14302800 | |
| FSL.Jan 27 | 169.1 | -5.45 | -0.07 | 11213800 | ||||||
| HINDCOPPER.Jan 27 | 130.75 | -5.25 | -6.03 | 13609500 | ||||||
| BHEL.Jan 27 | 60.8 | -5.07 | -0.08 | 1.19E+08 | ||||||
| JKCEMENT.Jan 27 | 3430 | -4.85 | -3.56 | 332325 | ||||||
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 | 18113.05 | -1.07 | 92088 | |
| Crompton Greaves Consume | 444.6 | -0.46 | 889473 | 0 | 76.43 | Nifty Bank | 38210.3 | -0.02 | 92103 | |
| Max Financial Services l | 1020 | -1.1 | 347930 | 0 | 70.01 | Nifty it | 38091.75 | -1.84 | 92103 | |
| Piind | 2796.1 | -0.22 | 274417 | 0 | 67.52 | Nifty Auto | 11598.75 | -2.38 | 92103 | |
| Hdfc Life Insurance Comp | 674.15 | 0.4 | 1255654 | 0 | 63.42 | Nifty Metal | 5755.15 | -2.26 | 92103 | |
| Icici Lombard General In | 1432.35 | 1.19 | 491451 | 0 | 63.33 | India Vix | 17.78 | 6.09 | 92103 | |
| Reliance Industries Ltd | 2552.25 | 0.52 | 3708822 | 0 | 63.1 | Nifty Fmcg | 37503.15 | -1.28 | 92103 | |
| Alkem | 3577.5 | -1.31 | 73718 | 0 | 62.83 | Nifty Pharma | 13697.6 | -1.19 | 92103 | |
| Abbott India Limited | 17515.4 | -0.99 | 24521 | 0 | 62.36 | Nifty Realty | 502.65 | -2.61 | 92103 | |
| Colgate Palmolive (india | 1467.15 | 0.24 | 388400 | 0 | 60.61 | Nifty Financial Services | 18468.7 | -0.29 | 92103 | |
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
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Bajaj Finance on Tuesday reported 85% jump in consolidated net profit at Rs 2,125 crore for the quarter ending December 31, 2021. It was Rs 1,146 crore in the year-ago period. Net interest income (NII) for Q3FY22 increased by 40% to Rs 6,000 crore as against Rs 4,296 crore in Q3FY21. Gross NPA and Net NPA as of December 31, 2021 stood at 1.73% and 0.78% respectively, as against 2.45% and 1.10% as of September 31, 2021.
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After reporting a strong increase in sales in the October-December quarter (Q3FY22), footwear major Metro Brands has started to see the impact of the third wave on the number of people stepping in into its stores to buy shoes. In the quarter gone by, the company saw its revenue at Rs 484 crore, up 59 per cent compared to the year-ago quarter helped by wedding and festive sales.
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ICICI Prudential Life Insurance on Tuesday reported a marginal two per cent year-on-year growth in its net profit to Rs 311 crore for the December 2021 quarter, on higher sales of policies. The company reported net profit of Rs 306 crore in year-ago period. The company has reported a 20 per cent growth in the value of the new business to Rs 515 crore, while margins rose to 26.7 per cent in the quarter.
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Reliance Jio and Bharti Airtel added 2.01 million and 1.3 million mobile subscribers in November respectively as per the data released by Telecom Regulatory Authority of India today. Vodafone Idea (Vi) continues to lose customers and in November its subscriber base shrank by 1.8 million.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| APTECHT | Quarterly Results | 19-Jan-22 | PALRED | Issue Of Warrants;General | 19-Jan-22 |
| ASRL | General | 19-Jan-22 | PMCFIN | General | 19-Jan-22 |
| BAJAJ-AUTO | Quarterly Results | 19-Jan-22 | RALLIS | Quarterly Results | 19-Jan-22 |
| CCL | Quarterly Results;Interim Dividend | 19-Jan-22 | RPEL | Quarterly Results | 19-Jan-22 |
| CEATLTD | Quarterly Results | 19-Jan-22 | SAREGAMA | Quarterly Results;Interim Dividend | 19-Jan-22 |
| CFL | Quarterly Results | 19-Jan-22 | SIPL | Quarterly Results | 19-Jan-22 |
| CHEMBOND | Quarterly Results | 19-Jan-22 | STLTECH | Quarterly Results | 19-Jan-22 |
| CSL | Quarterly Results | 19-Jan-22 | SYNGENE | Quarterly Results | 19-Jan-22 |
| GREENPOWER | Quarterly Results | 19-Jan-22 | TANFACIND | Quarterly Results | 19-Jan-22 |
| ICICIGI | Audited Results | 19-Jan-22 | TAPARIA | General | 19-Jan-22 |
| JSWENERGY | Quarterly Results | 19-Jan-22 | TATACOMM | Quarterly Results | 19-Jan-22 |
| JSWISPL | Quarterly Results;General | 19-Jan-22 | TATAINVEST | Quarterly Results | 19-Jan-22 |
| LTI | Quarterly Results;General | 19-Jan-22 | TEJASNET | Quarterly Results | 19-Jan-22 |
| MASTEK | Quarterly Results | 19-Jan-22 | TINEAGRO | Quarterly Results;General | 19-Jan-22 |
| NELCO | Quarterly Results | 19-Jan-22 | TOYAMIND | General | 19-Jan-22 |
| NOL | General | 19-Jan-22 | TTFL | Quarterly Results;General | 19-Jan-22 |
| OFSS | Quarterly Results | 19-Jan-22 | TTL | Quarterly Results | 19-Jan-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| 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 |
| MAHACORP | 20-Jan-22 | E.G.M. | VISAGAR | 20-Jan-22 | Stock Split From Rs.2/- to Rs.1/- |
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