Morning-Outlook-Feature-Image
Outlook

NIFTY:

NIFTY opened at 18129.20 with a gap up of just 16 points. The index recorded its intraday high at the opening tick and started drifting downwards. Prices have broken 18000 levels soon and then fall further to record its intraday low at 17884.90.After that, the index took a breather and then consolidated for the rest of the day. A minor recovery came between 02:00 PM to 03:00 PM and the index finally closed at 17938.40 with a loss of 174.65 points or 0.96% down. The AUTO, MEDIA, METAL, and OIL & GAS sectors have outperformed today and closed higher. The IT, FMCG, and FINANCIAL led the bears today and ended with a loss.

Trading in a volatile environment almost always ends with a lot of whip saws. The index recorded its swing high around 18300.This should act as a resistance level. Support should emerge around 17600. 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. The long-term trend is up while the long-term momentum has turned down today but still moving within the strength zone.

BANK NIFTY:

BANK NIFTY opened at 38145.75 with a gap down of 69 points. The index first consolidated and then moved up. Prices have recorded its intraday high at 38330.50and then started drifting downwards. A sharp decline of more than 500 points brought prices to its intraday low at 37769.25.Prices finds support there and again moved up. The index finally closed at 38058.85 with a loss of 156 points. PSU BANKS have seen an outperformance today and ended higher by 2 21%.On the other hands, PVT BANKS have underperformed today and ended with a loss of 0.65%.Withintheindex, in terms of points, SBIN contributed the highest while ICICI BANK contributed the lowest.

The short-term trend is still up but now giving us an impression to a change towards sideways. It will be sideways when index closes below the support 37600.As of now, 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+
MINDTREE 4226 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 4220 with a stop loss of 4260 and for the target of 4160.
TATAPOWER 248 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 249 with a stop loss of 245 and target  of 260.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SBIN    510 CE BUY 12 CMP 8 20 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SRTRANSFIN.Jan 27 1202.5 0.01 2.1 3313200 HDFCAMC.Jan 27 2400.45 -1.9 3.65 3109600 3109600
VOLTAS.Jan 27 1260 0.04 0.13 3045000 HDFCLIFE.Jan 27 658.25 -1.72 0.68 19671300 19671300
PIDILITIND.Jan 27 2692.4 0.08 1.49 2116500 INDIAMART.Jan 27 6369.7 -1.77 8.94 230400 230400
HINDPETRO.Jan 27 324.5 0.08 1.12 11971800 INDIGO.Jan 27 2091.8 -1.16 1.98 2630750 2630750
RELIANCE.Jan 27 2523.65 0.1 1.2 30491500 EICHERMOT.Jan 27 2731.6 -0.16 3.2 2402400 2402400
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BHARATFORG.Jan 27 761.5 0.16 -1.2 6334500 GRANULES. Jan 27 312.15 -3.48 -2.6 15283000 15283000
CHOLAFIN.Jan 27 613.3 0.21 -1.87 7230000 ADANIPORTS.Jan 27 744.85 -2.55 -5.32 82251250 82251250
LAURUSLABS.Jan 27 499.95 0.21 -1.02 4547700 LICHSGFIN.Jan 27 371.3 -2.11 -1.2 18836000 18836000
AUBANK.Jan 27 1263 0.26 -4.84 2910000 GRASIM.Jan 27 1814.8 -2.07 -0.97 10146475 10146475
ESCORTS.Jan 27 1867 0.4 -0.76 5954850 MFSL.Jan 27 997.2 -1.93 -0.27 1927900 1927900

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Pfizer Ltd. 4755.15 -1.65 32600 0 86.77 Nifty 50 17938.4 -0.96 81099
Crompton Greaves Consume 435.55 0.06 1461755 0 72.43 Nifty Bank 38041.35 -0.44 81108
Hdfc Asset Management Co 2394.2 -2.26 264613 0 71.41 Nifty Fmcg 37106.4 -1.06 81105
Hdfc Ltd. 2620.25 -1.59 1793748 0 71.29 India Vix 17.82 0.21 81108
Icici Lombard General In 1423 -1.7 452596 0 69.54 Nifty Realty 501.9 -0.15 81105
Tata Consultancy Serv Lt 3914.65 -1.9 3102539 0 68.47 Nifty Pharma 13682.7 -0.11 81105
Power Grid Corporation o 204.65 -0.24 10293276 0 68.38 Nifty Media 2324.6 1.01 81105
Hindustan Unilever Ltd 2309.9 -2.52 2145255 0 67.57 Nifty Metal 5801.1 0.8 81105
Container Corp Of India 671.2 -1.42 748775 0 66.43 Nifty Auto 11681.4 0.71 81105
Marico Limited 494.4 0.78 899160 0 65.22 Nifty Financial Services 18269.95 -1.08 81105

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 21st January, 2022

INR:  Bank Loan and Deposit growth  on 21st January, 2022

•USD:  Initial Jobless Claims on 20th January 2022

•USD : Existing Home Sales (Dec) on 20th January 2022

NEWS UPDATES

  • JSW Energy on Wednesday reported over two-fold jump in its consolidated net profit to Rs 324 crore in December 2021 quarter, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 124 crore in the year-ago quarter, a BSE filing said. The total revenue of the company rose to Rs 1,984 crore in the quarter from Rs 1,659 crore a year ago.

  • RBL Bank Ltd., the Indian lender at the center of turmoil after the nation’s banking regulator appointed a director last month, is seeking to raise new capital in a bid to allay investor concerns over its financial health, according to people familiar with the matter. The Mumbai-based bank has approached private equity firms for funds in exchange for a stake, the people said, asking not to be identified as the information is private. The bank is looking to raise as much as 15 billion rupees ($201 million) in “confidence capital,” one of the people said.

  • National Stock Exchange of India (NSE) on Wednesday said it has emerged as the world’s largest derivatives exchange in 2021 by the number of contracts traded based on the statistics maintained by the Futures Industry Association (FIA), a derivatives trade body.

  • The government on Wednesday approved sanction of Rs 973.74 crore to State Bank of India NSE 1.78 % (SBI) as reimbursement related to loan moratorium that was implemented in 2020 amid the pandemic.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ASIANPAINT Quarterly Results 20-Jan-22 LYKALABS Quarterly Results 20-Jan-22
BAJAJFINSV Quarterly Results 20-Jan-22 MAHABANK Quarterly Results 20-Jan-22
BAJAJHLDNG Quarterly Results 20-Jan-22 MPHASIS Quarterly Results 20-Jan-22
BANARBEADS Quarterly Results 20-Jan-22 ORIENTELEC Quarterly Results;Interim Dividend 20-Jan-22
BIOCON Quarterly Results;General 20-Jan-22 PCBL Quarterly Results;Interim Dividend 20-Jan-22
CENTURYTEX Quarterly Results 20-Jan-22 PERSISTENT Quarterly Results;General;Interim Dividend 20-Jan-22
CONCOR Results;General;Interim Dividend 20-Jan-22 PNBHOUSING Quarterly Results 20-Jan-22
CRPRISK Half Yearly Results 20-Jan-22 RIIL Quarterly Results 20-Jan-22
CYIENT Quarterly Results 20-Jan-22 SASKEN Audited Results;Quarterly Results;General 20-Jan-22
DARSHANORNA Quarterly Results 20-Jan-22 SCOOBEEDAY Quarterly Results 20-Jan-22
DATAMATICS Quarterly Results 20-Jan-22 SCPL Increase in Authorised Capital;General 20-Jan-22
DODLA Quarterly Results 20-Jan-22 SHOPERSTOP Quarterly Results;General 20-Jan-22
HATSUN Quarterly Results 20-Jan-22 SOUTHBANK Quarterly Results 20-Jan-22
HAVELLS Quarterly Results 20-Jan-22 SPARCSYS Quarterly Results;General 20-Jan-22
HINDUNILVR Quarterly Results 20-Jan-22 SPMLINFRA Preferential Issue of shares 20-Jan-22
HITECH Quarterly Results 20-Jan-22 VIMTALABS Quarterly Results 20-Jan-22
KHAICHEM Quarterly Results 20-Jan-22 VSTIND Quarterly Results 20-Jan-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
HCLTECH 20-Jan-22 Interim Dividend – Rs. – 10.0000 VGIL 20-Jan-22 Right Issue of Equity Shares
MAHACORP 20-Jan-22 E.G.M. VIDLI 20-Jan-22 Right Issue of Equity Shares
MANVIJAY 20-Jan-22 Right Issue of Equity Shares VISAGAR 20-Jan-22 Stock  Split From Rs.2/- to Rs.1/-
RAILTEL 20-Jan-22 Interim Dividend – Rs. – 1.7500 VISAGAR 20-Jan-22 Bonus issue 1:2
SIEMENS 20-Jan-22 Final Dividend – Rs. – 8.0000 WIPRO 21-Jan-22 Interim Dividend – Rs. – 1.0000

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