NIFTY:
NIFTY opened at 17066.80 with a gap up of 111 points. The index rallied further on the upside towards 17100 and then started moving on the downside. Prices have recorded its intraday low at 17066.80 and failed to fill the gap. A rally then took index again above 17100 and prices have recorded its intraday high at 17118.65. The index then again moved down towards the end of today’s trading session and finally closed at 17072.60 near the opening tick with a gain of 117.15 points or 0.69% up. The REALTY outperformed today and closed higher by 2.31%.FMCG and IT also performed well today and ended more than 1% higher. MEDIA was the biggest underperformer and lost more than 1%.
As of now, the short-term trend is sideways as we are seeing a relief rally after a sharp fall of more than 900 points. However, today’s closing above 17000 has given us a trading opportunity. Moreover, Prices have made a pattern of the DOJI today which suggests confusion amongst the traders. This confusion will resolve one way or the other. So, we should be looking to take a trade on any sign of strength or weakness. Look to buy above 17200 or sell short below 16950. Keep a stop of 110 points and a target of 220 points. Take only one trade whichever is executed first.
BANK NIFTY:
BANK NIFTY opened at 35350.50 with a gap up of 257 points. The index first moved down and filled the gap. Prices then bounced up, broke early morning highs and recorded its intraday high at 35477.30.The index again turned down, erases all the gains, recorded its intraday low at 35046.25 and finally closed at 35083.60 without much of a change.
PSU BANKS have seen a sharp upside move today and closed higher by 1.56%.PVT BANKS have also closed higher with marginal gains of 0.32%.Within the index, in terms of points, SBIN contributed the highest while ICIC IBANK contributed the lowest. Tomorrow we should look for a shorting opportunity. The idea is to wait till09:30 AM and then look to sell short below 34800 or the low recorded in the first 15 minutes of trading (choose which ever is the highest). Keep a stop of 300 points and a target of 700 points from your entry price.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| TORNTPHARMA | 3162 | BUY | The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought above 3170 with a stop loss of 3120 and for the target of 3250. |
| SIEMENS | 2424 | 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 bought above 2432 with a stop loss of 2390 and target of 2520. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| POWERGRID | 210 CE | BUY | 2.80 | CMP | 1.40 | 5 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| FINNIFTY.Dec 28 | 17060.05 | 0.02 | 13.64 | 2000 | JSWSTEEL.Dec 30 | 648.95 | -2.14 | 0.41 | 39969450 | |
| IPCALAB.Dec 30 | 2028.75 | 0.03 | 0.63 | 2468250 | DIVISLAB.Dec 30 | 4496.45 | -1.59 | 3.54 | 2353100 | |
| DALBHARAT.Dec 30 | 1851.1 | 0.06 | 6.3 | 523250 | METROPOLIS.Dec 30 | 3247.05 | -1.53 | 15.97 | 615800 | |
| RAMCOCEM.Dec 30 | 995.35 | 0.09 | 2.38 | 1681300 | LTI.Dec 30 | 7061.85 | -1.01 | 2.82 | 739350 | |
| MCDOWELL-N.Dec 30 | 904.7 | 0.09 | 0.63 | 15276250 | PIIND.Dec 30 | 2935.4 | -0.92 | 0.59 | 1495750 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| ALKEM.Dec 30 | 3455 | -0.02 | 0.64 | 380200 | ZEEL.Dec 30 | 340.1 | -2.52 | -1.79 | 75108000 | |
| OFSS.Dec 30 | 4004.7 | -0.06 | 1.12 | 596375 | IDEA.Dec 30 | 13.75 | -1.79 | -0.86 | 5.18E+08 | |
| MOTHERSUMI.Dec 30 | 215.25 | -0.07 | 1.96 | 27100500 | SAIL.Dec 30 | 111.45 | -1.42 | -1.19 | 1.27E+08 | |
| HAL.Dec 30 | 1244.5 | -0.09 | 0.09 | 2664750 | IDFCFIRSTB.Dec 30 | 47.6 | -1.24 | -0.82 | 1.31E+08 | |
| UBL.Dec 30 | 1585.1 | -0.09 | 4.57 | 1209950 | INDHOTEL.Dec 30 | 180.05 | -0.91 | -0.51 | 13308798 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Mahanagar Gas Limited | 858.2 | 0.85 | 541699 | 0 | 68.59 | Nifty 50 | 17072.6 | 0.69 | 80118 | |
| Kotak Mahindra Bank Limi | 1775.6 | 0.75 | 1919649 | 0 | 67.57 | Nifty Bank | 35191.15 | 0.46 | 80121 | |
| Colgate Palmolive (india | 1465.05 | 1.79 | 753097 | 0 | 67.15 | Nifty Pharma | 13644.5 | 0.71 | 80121 | |
| Infosys Limited | 1857.6 | 1.8 | 4112933 | 0 | 66.91 | Nifty Auto | 10731.05 | 0.74 | 80124 | |
| Hdfc Ltd. | 2571.15 | 1.27 | 1777068 | 0 | 66.73 | Nifty it | 37362.85 | 1.01 | 80121 | |
| Atul Ltd. | 8815.1 | 2.39 | 25280 | 0 | 66.06 | India Vix | 15.83 | -4.52 | 80121 | |
| Reliance Industries Ltd | 2365.25 | -0.04 | 4186912 | 0 | 65.35 | Nifty Media | 2247.8 | -1.1 | 80124 | |
| Icici Lombard General In | 1353.85 | 0.64 | 510565 | 0 | 65.3 | Nifty Realty | 484.45 | 2.31 | 80124 | |
| Britannia Ind Ltd. | 3554.6 | 1.65 | 163291 | 0 | 65.29 | Nifty Fmcg | 36995.1 | 1.34 | 80121 | |
| City Union Bank Ltd. | 135.9 | 0.04 | 1121808 | 0 | 64.1 | Nifty Mnc | 18949.35 | 0.73 | 80121 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: FX Reserves, USD on 24th December, 2021
INR: Deposit and Bank Loan Growth Rate on 24th December, 2021 |
•USD: CB Consumer Confidence (Dec) on 28th December, 2021 |
NEWS UPDATES
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Indian Oil Corporation (IOC) will set up a new crude oil pipeline that will run from Mundra in Gujarat to Panipat in Haryana and will have a capacity of 17.5 million tonnes per annum (mmtpa). A company statement IOC would build nine crude oil tanks of 60,000 kilolitres each at Mundra, increasing its operational and storage requirements in the country. The total estimated cost of the project is Rs 9,028 crore. The investment proposal was approved by the IndianOil Board, at its meeting held on December 20.
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Ashok Leyland, India’s leading commercial vehicle manufacturer, on Thursday launched a new truck called AVTR 3120. The launch of the three-axle 6×2 Dual Tyre Lift Axle (DTLA) truck makes Ashok Leyland the first and only player in the country to have a full range of dual tyre lift axle (DTLA) truck range: having 31T, 40.5T, and 47.5T GVW nodes, said the company.
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Two-wheeler maker Hero MotoCorp on Thursday said it will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from January 4, 2022. The price revision has been necessitated to partially offset the impact of steadily increasing commodity prices.
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GMR Infrastructure on Thursday said it has received approval from the National Company Law Tribunal for the restructuring plan involving the demerger of the non-airport business. GMR Infrastructure had unveiled the rejig plan on August 27 last year, to simplify the corporate holding structure and to attract sector-specific global investors.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| BANASFN | Right Issue of Equity Shares | 24-Dec-21 | LGBFORGE | Quarterly Results | 25-Dec-21 |
| ENBETRD | General | 24-Dec-21 | LLOYDSTEEL | Increase in Authorised Capital;General | 25-Dec-21 |
| EQUIPPP | General | 24-Dec-21 | PITHP | General | 25-Dec-21 |
| GSS | Scheme of Arrangement;General | 24-Dec-21 | BHATIA | Stock Split;General | 27-Dec-21 |
| HILTON | Issue Of Warrants | 24-Dec-21 | GESHIP | Buy Back of Shares | 27-Dec-21 |
| RNBDENIMS | General | 24-Dec-21 | IWEL | Issue Of Warrants;Pref. Issue of shares | 27-Dec-21 |
| SAGL | Issue Of Warrants;Right Issue ;Pref. Issue | 24-Dec-21 | MSRINDIA | Reduction of Capital | 27-Dec-21 |
| SALSAIN | General | 24-Dec-21 | NARPROP | General | 27-Dec-21 |
| SGIL | General | 24-Dec-21 | NIDHGRN | Preferential Issue of shares | 27-Dec-21 |
| STEELXIND | General | 24-Dec-21 | SAVERA | General | 27-Dec-21 |
| VIVIDHA | Right Issue of Equity Shares;General | 24-Dec-21 | SDBL | Right Issue of Equity Shares;General | 27-Dec-21 |
| KABRAEXTRU | Issue Of Warrants;Pref. Issue of shares | 25-Dec-21 | ADVIKCA | Increase in Authorised Capital;Pref. Issue | 28-Dec-21 |
| KISAN | Quarterly Results | 25-Dec-21 | DIAMINESQ | General | 28-Dec-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| MANOMAY | 24-Dec-21 | E.G.M. | MOIL | 30-Dec-21 | Buy Back of Shares |
| SHEETAL | 24-Dec-21 | Stock Split From Rs.10/- to Rs.5/- | PQIF | 30-Dec-21 | Stock Split From Rs.10/- to Rs.2/- |
| NINSYS | 29-Dec-21 | E.G.M. | SAHYADRI | 30-Dec-21 | Interim Dividend – Rs. – 3.0000 |
| ANDHRSUGAR | 30-Dec-21 | Stock Split From Rs.10/- to Rs.2/- | TAPARIA | 30-Dec-21 | Interim Dividend – Rs. – 70.0000 |
| GAIL | 30-Dec-21 | Interim Dividend – Rs. – 4.0000 | VISAGAR | 31-Dec-21 | E.G.M. |
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