Outlook

NIFTY:

NIFTY opened at 17001.55 with a big gap down of 148 points. The index recorded its intraday low at 16836.80 within the first five minutes of trading and then started moving on the upside. Prices have filled the gap down and early morning losses quickly and rallied further higher. Minor intraday dips were quickly bought into and the rally  kept on moving higher. The index rallied more than 400 points from its morning lows and recorded its intraday high at 17309.15. Prices have finally closed at 17277.95 with a gain of 128.85 points or 0.75% up. All the sectoral indices have closed higher except the IT that ended with a loss of 0.33%.The AUTO and BANK led the bulls today and ended with a gain of more than 2%.

A Support is visible around 17000. Prices have been holding this for the last two trading days. We should avoid trading the index at least for this week as trading in volatile markets gives a lot of whipsaws. We should wait for prices to stabilize first and then we will plan our trade accordingly. The long-term trend is up while the long-term momentum has turned down and now heading towards the weak zone.

BANK NIFTY:

BANK NIFTY opened at 36598.05 with a big gap down of 236 points. The index recorded its intraday low at 36415.60 within the first five minutes of trading and then started moving on the upside. The rally continued for the whole day and prices have recorded its intraday high at 37788.8( The index finally closed at 37714 near its intraday high with a gain of 880 points. PSU BANKS have seen an outperformance today and closed higher by 4.24%. PVT BANKS have also moved up today and ended with a gain of 2.11%. Within the index, in terms of points, AXIS BANK contributed the highest followed by SBIN.

The index continued trading volatile and in a wide range today. Prices have moved within an intraday range of more than 1300 points for the second consecutive day and ended with impressive gains.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
HEROMOTOCO 2782 BUY The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be buy above 2785 with a stop loss of 2750 and for the target of 2840.
IBULHSGFIN 213 SELL The  immediate trend of the script is bearish. There is a negative cross over of moving averages  as well as of the indicators therefore  it can be sold below 212 with a stop loss of 210 and target  of 200.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
AXISBANK   750 CE BUY 27 CMP 20 45 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TCS.Jan 27 3767.9 0.01 14.03 6110400 DEEPAKNTR.Jan 27 2219.9 -5.97 2.01 1143000
BAJFINANCE.Jan 27 6950.65 0.08 3.76 2450500 RAMCOCEM.Jan 27 851.55 -4.82 1.47 997900
SBILIFE.Jan 27 1225.45 0.16 9.69 4592250 TRENT.Jan 27 1077.45 -3.79 20.81 2062625
CONCOR.Jan 27 624 0.19 11.83 2980000 MFSL.Jan 27 884.45 -2.53 8.73 1108900
TATASTEEL.Jan 27 1100.8 0.19 1 20321375 PIDILITIND.Jan 27 2578.35 -2.29 19.89 1481250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HDFCBANK.Jan 27 1491.05 0.15 -7.73 15389550 INDIAMART.Jan 27 4976.1 -12.53 -24.2 106200
APLLTD.Jan 27 757.15 0.16 -31.18 500500 ASTRAL.Jan 27 2099.45 -3.32 -1.38 313500
APOLLOTYRE.Jan 27 212.3 0.17 -12.93 4847500 DALBHARAT.Jan 27 1828.75 -2.18 -1.12 220250
L&TFH.Jan 27 73.25 0.21 -13.46 34187844 MOTHERSUMI.Jan 27 175.55 -2.12 -3.37 17643500
ESCORTS.Jan 27 1862 0.21 -1.74 5553900 ICICIPRULI.Jan 27 559.05 -1.42 -9.23 1704000

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Reliance Industries Ltd 2373.25 -0.2 11311456 0 0 Nifty 50 17277.95 0.75 77406
Larsen & Toubro Limited 1925.3 1.34 2998042 0 0 Nifty Bank 37706.75 2.05 77406
Itc Ltd. 214.3 1.18 18322935 0 0 Nifty it 34707.45 -0.33 77406
Hindustan Unilever Ltd 2327.25 1.87 1843543 0 0 India Vix 21.36 -6.4 77406
State Bank Of India 514.65 4.15 21791739 0 0 Nifty Fmcg 36382.85 1.23 77406
Tata Communications Ltd. 1292.5 -0.07 1392034 0 0 Nifty Media 2172.75 2.2 77406
Grasim Ind Ltd. 1721.3 1.81 834681 0 0 Nifty Pharma 13092.1 0.72 77406
Cipla Ltd 905.65 1.52 2322693 0 0 Nifty Auto 11522.75 2.32 77406
Tata Consumer Products l 707.75 2.36 2030546 0 0 Nifty Metal 5485.15 1.19 77406
Ambuja Cements Ltd 351.5 -0.38 3178488 0 0 Nifty Realty 470.6 1.82 77406
Hdfc Ltd. 2530.6 -0.36 4528568 0 0 Nifty Financial Services 17789.8 0.89 77406

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 28th January, 2022

INR:  Bank Loan and Deposit growth  on 28th January, 2022

•USD:  GDP (QoQ) (Q4) on 27th January 2022

•USD: Initial Jobless Claims on 27th January, 2022

NEWS UPDATES

  • Crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank’s takeover by the Unity Small Finance Bank (USFBL) came into effect on Tuesday, with the government notifying the scheme of amalgamation. PMC Bank branches will operate as USFBL branches from Tuesday onwards, the Reserve Bank of India (RBI) said in a statement on Tuesday.

  • Cipla reported a 2.6 per cent decline in its consolidated profit after tax to Rs 729 crore for the third quarter ended on December 31, 2021. The Mumbai-based company had posted a consolidated profit after tax (PAT) of Rs 748 crore in the October-December quarter of 2020-21 fiscal. Total revenue from operations, however, rose by 6 per cent to Rs 5,479 crore in the third quarter as compared with Rs 5,169 crore in the same period of last fiscal, Cipla said in a regulatory filing.

  • Macrotech Developers on Tuesday reported a 24 per cent increase in its consolidated net profit to Rs 286.38 crore for the quarter ended December on higher sales. Its net profit stood at Rs 231.71 crore in the year-ago period, according to a regulatory filing.

  • Torrent Pharmaceuticals on Tuesday said its consolidated net profit declined by 16 per cent to Rs 249 crore for the third quarter ended December 2021 on account of muted performance in the US market. The drug maker had posted a net profit of Rs 297 crore in the October-December period of 2020-21 fiscal.

  • Broadband technology company Sterlite Technologies on Tuesday said it has bagged a multi-year order of about Rs 170 crore to build a unified network management system for Power Grid Corporation of India.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ARVIND Quarterly Results 27-Jan-22 LAURUSLABS Quarterly Results 27-Jan-22
BHEL Quarterly Results 27-Jan-22 LICHSGFIN General;Quarterly Results 27-Jan-22
BSOFT Quarterly Results 27-Jan-22 MAPMYINDIA General;Quarterly Results 27-Jan-22
CANBK Quarterly Results 27-Jan-22 MOLDTKPAC Quarterly Results 27-Jan-22
CGPOWER Quarterly Results 27-Jan-22 NAM-INDIA Quarterly Results 27-Jan-22
CHALET Quarterly Results 27-Jan-22 PNB Quarterly Results 27-Jan-22
COFORGE Interim Dividend;Quarterly Results 27-Jan-22 PRIVISCL Quarterly Results 27-Jan-22
COLPAL Quarterly Results 27-Jan-22 PSPPROJECT Quarterly Results 27-Jan-22
DALBHARAT Quarterly Results 27-Jan-22 PUNJABCHEM Quarterly Results 27-Jan-22
DOLLAR Quarterly Results 27-Jan-22 RBLBANK Quarterly Results 27-Jan-22
FILATEX Quarterly Results 27-Jan-22 ROUTE Quarterly Results 27-Jan-22
FINOPB Quarterly Results 27-Jan-22 SHREDIGCEM Quarterly Results 27-Jan-22
GHCL Quarterly Results 27-Jan-22 SUBROS Quarterly Results 27-Jan-22
HOMEFIRST Quarterly Results 27-Jan-22 TCI Interim Dividend;Quarterly Results 27-Jan-22
IIFL Interim Dividend;Quarterly Results 27-Jan-22 UDAICEMENT General;Quarterly Results 27-Jan-22
INDUSTOWER Audited Results 27-Jan-22 VAIBHAVGBL Interim Dividend;Quarterly Results 27-Jan-22
KEI Interim Dividend;Quarterly Results 27-Jan-22 WABCOINDIA Quarterly Results 27-Jan-22
LAOPALA Interim Dividend;Quarterly Results 27-Jan-22 WOCKPHARMA General;Quarterly Results 27-Jan-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BEPL 27-Jan-22 Interim Dividend – Rs. – 1.0000 PERSISTENT 27-Jan-22 Interim Dividend – Rs. – 20.0000
CHOTHANI 27-Jan-22 E.G.M. SUPERIOR 27-Jan-22 Stock  Split From Rs.10/- to Rs.1/-
GROWINGTON 27-Jan-22 E.G.M. RKFORGE 28-Jan-22 Interim Dividend – Rs. – 0.5000
PACL 27-Jan-22 Stock  Split From Rs.10/- to Rs.2/- CCL 31-Jan-22 Interim Dividend – Rs. – 3.0000

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