Nifty opened at 17183.20 with a gap up of 17 points, the index recorded its intraday low at 17149.30 and then started moving on the upside, prices have seen a sharp intraday rally of more than 250 points from its intraday low to records its intraday high at 17420.35 minor dip in between were quickly bought into , the index kept on moving throughout the days and finally closed at 17401.65 near its intraday high wit gain of 234.75 points or 1.37% up. IT led the bulls today and ended with a gain of more than 2%. METAL and MEDIA also did well today and ended with a gain of more than 1.50%.
The benchmark index of volatility INDIA VIX’ is now trading around the 18 levels. This suggests that the volatility has started cooling off. The short-term trend is changing to sideways which was down before, Both the momentums have now started contradicting each other suggests confusion amongst the traders. Volatility has started Colling off. We should look for a trading opportunity according to the market momentum.
Bank Nifty opened at 36281.85 with a gap down of 103 points. The index first moved down and recorded its intraday low at 36166.70 and then rallied. The rally fizzled out in the afternoon and prices have moved down. The index rallied again in the second half, recorded its intraday high at 36563.50 and finally closed at 36535.65 with a gain of 151 points. PVT and PSU BANKS both have performed same today, saw a minor intraday rally and closed with a gain of 0.41% and 0.48%. Within the index, in term of points, HDFC BANK contributed the highest while ICICI BANK contributed the lowest.
The short-term trend is now changing to sideways which was down before. We have also mentioned a possible trading range within 35300 – 36800 zones. For tomorrow we should look for a buying opportunity on a breakout above 36800. But if index saw a U turn from here and started drifting downwards then we should look for a shorting opportunity below 35800.
|CDSL||1542||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 with a stop loss of 1500 and for the target of 1650.|
|INDHOTEL||184||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 186 with a stop loss of 183 and target of 193.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|GSPL.Dec 30||306.4||0.05||7.59||1181500||JKCEMENT.Dec 30||3353.95||2.65||-0.23||150850|
|ULTRACEMCO.Dec 30||7344.95||0.08||4.2||1854700||GODREJPROP.Dec 30||2028.8||2.64||-0.78||3352375|
|RBLBANK.Dec 30||192.95||0.1||2.16||30644300||IGL.Dec 30||498.8||2.47||-0.85||10685125|
|TATACONSUM.Dec 30||777.5||0.11||5.11||9624150||COALINDIA.Dec 30||159.65||2.21||-3.04||52764600|
|NAM-INDIA.Dec 30||374.5||0.21||9.14||2809600||ICICIGI.Dec 30||1474||1.98||-0.77||2731475|
|Short Covering||Long Unwinding|
|ABFRL.Dec 30||262||0.17||-0.94||10649600||APLLTD.Dec 30||806.25||-1.41||-3.19||1800150|
|BANKNIFTY.Dec 30||36657.9||0.52||-2.74||2406275||CHAMBLFERT.Dec 30||396||-0.66||-1.23||2172000|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Petronet Lng Limited||224.3||1.63||1699664||0||70.43||Nifty 50||17401.65||1.37||87615|
|Power Grid Corporation o||214.5||3.52||25319133||0||67.3||Nifty Bank||36508.25||0.39||87615|
|Infosys Limited||1748.25||1.94||5559574||0||67.26||Nifty it||36157.85||2.06||87615|
|Dabur India Ltd.||578.55||0.43||1931467||0||66.82||India Vix||18.09||-7.01||87615|
|Hdfc Asset Management Co||2556.7||0.22||250100||0||64.65||Nifty Energy||23491.6||1.65||87615|
|Page Industries Limited||38253.55||0.97||37304||0||64.03||Nifty Pharma||13557||0.85||87612|
|Sbi Cards And Payment Se||980.9||2.19||1636771||0||63.95||Nifty Infrastructure||5048.7||1.12||87615|
|Hdfc Ltd.||2807.8||3.85||4570690||0||63.79||Nifty Psu Bank||2640.8||0.48||87612|
|Hindustan Unilever Ltd||2383.3||1.64||1673117||0||63.58||Nifty Auto||10873.15||1.07||87612|
UPCOMING ECONOMIC DATA
|INR: Trade Balance (Nov) on 3rd December, 2021
INR: Nikkei Services PMI (Nov) on 3rd December, 2021
|•USD: Unemployment Rate (Nov) on 3rd December, 2021
•USD: Nonfarm Payrolls (Nov) on 3rd December, 2021
Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi, has launched its initial public offering (IPO) today for public subscription and the three day share sale will conclude on December 6. The price band has been fixed at ₹530-550 per share. The company on Wednesday said it has raised ₹194 crore from anchor investors ahead of its IPO.
ABB India on Thursday said it has completed the sale of its mechanical power transmission division to Dodge Industrial India Pvt Ltd for a consideration of ₹44.58 crore.
Tata Power has collaborated with am Stays & Trails, India’s first branded homestay portfolio by Indian Hotels Company Ltd, to set up EV charging stations at over 30 of its villas and heritage bungalows across 11 destinations. A rising demand for sustainable transport infrastructure has resulted in an increasing number of hospitality brands investing in electric vehicle (EV) charging points, a statement said.
Japanese auto major Honda Motor Co on Thursday said it has set up a battery sharing service subsidiary in India with a capital of Rs 135 crore. The new subsidiary, Honda Power Pack Energy India Pvt Ltd, will offer battery sharing service for small mobility, which will accelerate the penetration of electric vehicles (EV), and will also provide technical support to vehicle OEMs, the company said in a statement.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|FEDDERELEC||Preferential Issue of shares||03-Dec-21||YASHRAJC||General||03-Dec-21|
|ISTRNETWK||General||03-Dec-21||CHEVIOT||Buy Back of Shares||04-Dec-21|
|MRPL||General||03-Dec-21||SAYAJIHOTL||Scheme of Arrangement||04-Dec-21|
|NMDC||Interim Dividend||03-Dec-21||SETCO||A.G.M.;Quarterly Results||04-Dec-21|
|SDC||Half Yearly Results||03-Dec-21||TIRUFIN||Employees Stock Option Plan;General||04-Dec-21|
|TARMAT||Preferential Issue of shares||03-Dec-21||BRFL||Quarterly Results||06-Dec-21|
|VICEROY||A.G.M.;General||03-Dec-21||DEEP||Issue Of Warrants;Pref. Issue of shares||06-Dec-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|IEX||03-Dec-21||Bonus issue 2:1||OAL||09-Dec-21||Interim Dividend – Rs. – 1.5000|
|COALINDIA||06-Dec-21||Interim Dividend – Rs. – 9.0000||RIDHISYN||09-Dec-21||Right Issue of Equity Shares|
|PANCHSHEEL||06-Dec-21||Bonus issue 1:1||SHIVAMAUTO||09-Dec-21||Right Issue of Equity Shares|
|CHLOGIST||07-Dec-21||E.G.M.||TTL||09-Dec-21||Interim Dividend – Rs. – 1.0000|
|GPL||08-Dec-21||Amalgamation||WEIZMANIND||09-Dec-21||Buy Back of Shares|
|BNKCAP||09-Dec-21||Dividend – Rs. – 2.5000||SEACOAST||10-Dec-21||E.G.M.|
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