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 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.


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.


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


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


   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


  • 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.

  • 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.

  • 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.

  • 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.


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


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/-


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