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
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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.
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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.
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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.
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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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