Outlook

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

  • 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.

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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