The NIFTY opened at 18625.0 without much of a gap. However, the index moved higher for the first five minutes and then started a consolidation process. The index recorded its intraday low at 18616.55 and spent the first half moving inside a narrow range. This range broke on the upside and prices have seen a sharp intraday rally. The rally lasted till the end and prices have recorded its intraday high at 18816.05. The index finally closed at 18758.35 with a gain of 140.30 points or 0.75% up. All the sectoral indices have closed in green today. AUTO and METAL outperformed today followed by REALTY and FMCG and ended with a gain of over 1%. The short-term trend is very strong on the up side. We now have a strong support zone inside 18300 – 18500. This zone is also a buy-on-dip opportunity. A close below 18500 may change the short-term trend to sideways. There is no visible resistance as prices are moving in uncharted territory.


The BANK NIFTY opened at 43122.75 with a minor gap up of 77 points. The index rallied further up but soon started drifting downwards. A sharp decline brought prices to its intraday low at 42880.05 and the index spend the whole afternoon moving sideways. A rally started in the later part of the day and lasted till the end. Prices recorded its intraday high at 43332.30 and finally closed at 43245.20 with a gain of 200 points. PVT BANKS have outperformed today and closed with a gain of 0.55%. PSUBANKS have underperformed today and ended with a loss of 1.35%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while SBIN contributed the lowest. Stay long with a stop at 42700 and a target at 43900. BANK NIFTY has seen some gains today as prices have seen a sharp rally in the second half. The short-term trend is up as prices are trading near its life time highs. This narrow range suggests a sharp move is about to come. Strong Support is visible around 42000. A close below this support may change the short-term trend to sideways. We should look for a buying opportunity only as far as prices are trading above this support level.


TATA MTR 439.4 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 435.9 and a target of 446.35.
 ULTRATECH CEM 7077 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought above 7095 with a stop loss of 7009 and a target of 7225.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HINDALCO 450 CE BUY 17.30 CMP 14.15 23.60 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GMRAIRPORTSINFRASTRUCT 43.15 5.63 4.33 147982500 CANBK.22.12 Dec 317.4 -2.19 17.49 43202700
JINDALSTEL.22.12 Dec 540 4.14 5.25 24702500 GLENMARK.22.12 Dec 433.35 -1.66 2.69 6486000
M&M.22.12 Dec 1315 4.01 18.39 13444900 LTI.22.12 Dec 4870 -1.58 5.83 1514550
DALBHARAT.22.12 Dec 1835.45 3.32 2.22 1361000 INDIACEM.22.12 Dec 241.6 -1.15 3.53 16231300
ICICIGI.22.12 Dec 1218.3 3.06 0.51 4535175 INDUSINDBK.22.12 Dec 1177.55 -1.11 2.8 29337300
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BAJAJ-AUTO.22.12 Dec 3774.1 2.45 -0.3 1230000 PNB.22.12 Dec 51.55 -2.64 -5.2 228448000
BHEL.22.12 Dec 83.75 2.32 -1.6 116245500 IBULHSGFIN.22.12 Dec 143.5 -0.69 -1.57 45600000
GRASIM.22.12 Dec 1772 2.23 -0.23 7339225 DELTACORP.22.12 Dec 228.65 -0.46 -0.73 17132700
SAIL.22.12 Dec 85.3 2.22 -0.14 105228000 METROPOLIS.22.12 Dec 1480.65 -0.19 -1.25 877500
LAURUSLABS.22.12 Dec 420.85 2.11 -1.45 8854200 LTTS.22.12 Dec 3829.15 -0.18 -2.94 970200


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2692.55 1.02 5491305 0 75.61 Nifty50 18758.35 0.75 87273
Icici Bank Ltd. 952.9 0.65 20858573 0 74.86 Niftybank 43231 0.41 87273
Hdfc Bank Ltd. 1608.45 0.66 7592403 0 72.95 Nifty it 30391.7 0.15 87273
Hdfc Life Insurance Comp 590.6 0.98 3502958 0 72.66 India Vix 13.81 1.4 87273
Bosch Limited 17004.4 1.25 28048 0 69 Nifty Fmcg 45536.55 1.02 87273
Axis Bank Limited 901.25 0.97 10452798 0 67.05 Nifty Pharma 13144.2 0.43 87273
Oil & Natural Gas Corp 141.1 0.61 17720938 0 66.16 Nifty Realty 450.15 1.45 87273
Kotak Mahindra Bank Limi 1947.05 1.12 2950734 0 65.83 Nifty Auto 13231.85 1.72 87273
Voltas Ltd. 819.5 -0.77 1252601 0 64.93 Nifty Metal 6564.2 1.81 87273
Tata Consultancy Serv Lt 3390.8 -0.19 3410702 0 64.8 Nifty Financial Services 19358.85 0.66 87270


   Domestic                                                                                                                                                  International
INRFX Reserves, USD on 2nd December, 2022

INR: Bank Loan Growth on 2nd December, 2022

 USD: Fed Chair Powell Speaks on 1st  December, 2022

USD: Initial Jobless Claims on 1st  December, 2022


  • Indian benchmark indices ended higher for the seventh consecutive session on November 30.At Close, the Sensex was up 417.81 points or 0.67% at 63,099.65, and the Nifty was up 140.30 points or 0.75% at 18,758.30. About 1992 shares have advanced, 1395 shares declined, and 104 shares are unchanged.

  • Tata Consultancy Services (TCS), India’s largest IT services firm, has signed a six-year contract, with an extension term opportunity, with the United Kingdom-headquartered Rail Delivery Group to build and run the UK government’s Rail Data Marketplace (RDM).

  • The Central government’s fiscal deficit widened to Rs 7.58 lakh crore in April-October, accounting for 45.6 percent of the full-year target, data released on November 30 by the Controller General of Accounts showed.

  • Air India will be valued at Rs 36,114 crore after Vistara’s merger in the third such consolidation in the domestic aviation sector, according to calculations by BQ Prime.

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AML General 01-Dec-22 PRECISION A.G.M. 03-Dec-22
COSMOFIRST Buy Back of Shares 01-Dec-22 SABTN General 03-Dec-22
EASEMYTRIP General 01-Dec-22 TTLEL General 03-Dec-22
JENBURPH Buy Back of Shares 01-Dec-22 BHANDERI Quarterly Results 05-Dec-22
NAVODAYENT Bonus issue 01-Dec-22 DHANBANK General 05-Dec-22
ORCHIDPHAR General 01-Dec-22 GUJTLRM Preferential Issue of shares 05-Dec-22
PRUDMOULI General 01-Dec-22 MARG Quarterly Results 05-Dec-22
QUINT General;Rights Issue 01-Dec-22 MTPL General 05-Dec-22
SAGARPROD General 01-Dec-22 MUFIN General 05-Dec-22
SATIN General 01-Dec-22 RAJINFRA General 05-Dec-22
STL Stock  Split 01-Dec-22 TIGERLOGS General 05-Dec-22
VEERENRGY Bonus issue;General 01-Dec-22 TRIVIKRAMA General 05-Dec-22
BHEEMACEM A.G.M.;Stock  Split 02-Dec-22 VEERHEALTH General;Preferential Issue of shares 05-Dec-22
HIRECT General 02-Dec-22 ARYAN General 06-Dec-22
INOXGREEN General;Quarterly Results 02-Dec-22 BIKAJI General;Quarterly Results 06-Dec-22
INOXWIND General;Quarterly Results 02-Dec-22 GRAUWEIL General 06-Dec-22
IWEL General;Quarterly Results 02-Dec-22 MAXHEIGHTS General;Stock  Split 06-Dec-22
JOINDRE General 02-Dec-22 WARDINMOBI General 06-Dec-22
SPANDANA General 02-Dec-22 DECCAN General 07-Dec-22
SRESTHA General 02-Dec-22 LUMAXIND General 07-Dec-22
SUUMAYA General 02-Dec-22 TAKE Quarterly Results 07-Dec-22
ZLEENCON General 02-Dec-22 YASHINNO Scheme of Arrangement 08-Dec-22
DYNPRO General 03-Dec-22 AKASHDEEP Stock  Split 12-Dec-22
MAHACORP General 03-Dec-22 ESHAMEDIA A.G.M. 12-Dec-22
PFS Quarterly Results 03-Dec-22 COFORGE Interim Dividend;Quarterly Results 20-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
RAJOIL 01-Dec-22 E.G.M. ALKALI 08-Dec-22 E.G.M.
ADCON 02-Dec-22 Right Issue of Equity Shares APTUS 08-Dec-22 Interim Dividend – Rs. – 2.0000
GUJTHEM 02-Dec-22 Interim Dividend – Rs. – 4.4000 BLS 08-Dec-22 Bonus issue 1:1
LIKHITHA 02-Dec-22 Stock  Split From Rs.10/- to Rs.5/- CANFINHOME 08-Dec-22 Interim Dividend – Rs. – 1.5000
MEFCOMCAP 02-Dec-22 Stock  Split From Rs.10/- to Rs.2/- VALENCIA 12-Dec-22 E.G.M.
SDBL 02-Dec-22 Interim Dividend – Rs. – 0.2500 TELESYS 14-Dec-22 E.G.M.
PANCHSHEEL 05-Dec-22 Interim Dividend – Rs. – 0.8000 BAROEXT 15-Dec-22 E.G.M.
TRIVENIGQ 06-Dec-22 E.G.M. RCF 15-Dec-22 Final Dividend – Rs. – 2.5000
ADVAIT 07-Dec-22 E.G.M. RCF 15-Dec-22 Interim Dividend – Rs. – 1.6000
HGS 07-Dec-22 Interim Dividend – Rs. – 5.0000 PRECWIRE 22-Dec-22 Bonus issue 1:2

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