NIFTY:
NIFTY opened at 17681.40 with a gap up of 56 points. The index first moved down, filled that gap, and recorded its intraday low at 17593.55 within the first 30 minutes of trading. The index then went up, recovered all the losses, and then went into a process of consolidation. Prices have moved sideways for the who le afternoon. That consolidation broke on the upside, prices rallied and recorded its intraday high at 17827.60. The index finally closed at 17805.25 with a gain of 179.55 points or 1.02% up. OIL & GAS, BANK, and FINANCIAL have led the bulls today and ended with a gain of more than 1%.METAL,PHARMA, and REALTY underpe1formed today and closed with losses.
Short-term trend is up since the index is trading at higher levels, broke previous swing highs, and made a pattern of higher highs. Support is visible around 17500 while resistance may appear around 18000 levels. We should look for buying only. For carry forward traders, a dip towards 17500 support is a buying opportunity. While intraday traders should look for buy on dips or intraday consolidation breakouts.
BANK NIFTY:
BANK NIFTY opened at 36551.25 wit h a ga pup of 84 points. The index initially consolidated, moved down and recorded its intraday low at 36374.40. Prices then went up, recorded its intraday high at 36887.80. A mild decline came int he afternoon but prices have seen another rally in the la one & half hours of trading and finally closed at 36856.75 wit h a gain of 379 points. PSU and PVT BANKS both have performed well today and closed wit h a gain of 1.24% and 0.81% respectively. Within the index, in terms of points, SBI contributed the highest while INDUSIND BANK contributed the lowest.
As we have mentioned previously that the support is visible around 35500 while resistance is visible around 37000. The index is now approaching the resistance levels.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| TITAN | 2583 | 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 2585 with a stop loss of 2550 and for the target of 2630. |
| LTI | 7561 | 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 7570 with a stop loss of 7500 and target of 7660. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| RELIANCE | 2500CE | BUY | 45 | CMP | 30 | 80 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| DLF.Jan 27 | 395.6 | 0 | 1.64 | 27353700 | VEDL.Jan 27 | 336 | -5.43 | 42.3 | 63593400 | |
| TRENT.Jan 27 | 1060 | 0.05 | 1.44 | 2240250 | GRANULES.Jan 27 | 327 | -3.3 | 6.74 | 14314250 | |
| NMDC.Jan 27 | 136.15 | 0.11 | 0.63 | 76976300 | NAVINFLUOR.Jan 27 | 4128.15 | -2.74 | 2.47 | 373725 | |
| HDFCAMC.Jan 27 | 2477.1 | 0.18 | 0.2 | 3040800 | AARTIIND.Jan 27 | 996.75 | -2.53 | 14.84 | 2354500 | |
| IRCTC.Jan 27 | 852.05 | 0.19 | 1.73 | 8122625 | MARICO.Jan 27 | 503.4 | -2.52 | 11.51 | 8174000 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| JINDALSTEL.Jan 27 | 388 | 0.01 | -0.1 | 34057500 | STAR.Jan 27 | 451.1 | -1.7 | -0.22 | 5614200 | |
| TATASTEEL.Jan 27 | 1151.35 | 0.2 | -0.32 | 46513275 | RBLBANK.Jan 27 | 131.15 | -1.65 | -0.45 | 38108900 | |
| JSWSTEEL.Jan 27 | 672.9 | 0.25 | -0.54 | 40756500 | FSL.Jan 27 | 187 | -1.22 | -1.77 | 9240400 | |
| SBICARD.Jan 27 | 936.45 | 0.35 | -0.28 | 4614500 | LALPATHLAB.Jan 27 | 3833.1 | -0.94 | -2.91 | 470750 | |
| NAM-INDIA.Jan 27 | 357.5 | 0.42 | -0.37 | 3483200 | DEEPAKNTR.Jan 27 | 2525.25 | -0.5 | -0.15 | 2149250 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Rec Limited | 136.2 | 0.67 | 3663874 | 0 | 70.03 | Nifty 50 | 17805.25 | 1.02 | 80946 | |
| Hdfc Life Insurance Comp | 653.15 | 0.41 | 2293391 | 0 | 69.27 | Nifty 100 | 18030.95 | 0.88 | 80949 | |
| Sbi Life Insurance Compa | 1220.6 | 0.93 | 1409464 | 0 | 67.35 | Nifty Bank | 36840.15 | 1.15 | 80949 | |
| Hindustan Unilever Ltd | 2401.25 | 1.69 | 1484275 | 0 | 66.25 | Nifty it | 39370.7 | 0.63 | 80949 | |
| Alkem | 3613.8 | -0.75 | 317799 | 0 | 61.92 | Nifty Auto | 11139.4 | 0.22 | 80952 | |
| Indus Towers Limited | 255.15 | 2.53 | 6167759 | 0 | 61.1 | Nifty Metal | 5606.85 | -0.38 | 80952 | |
| Tata Consultancy Serv Lt | 3884.75 | 1.75 | 2488606 | 0 | 61.09 | India Vix | 16.12 | -2.01 | 80946 | |
| City Union Bank Ltd. | 141.95 | 2.42 | 2576588 | 0 | 60.69 | Nifty Realty | 487.05 | -0.53 | 80949 | |
| Dabur India Ltd. | 574.05 | -1.22 | 3062561 | 0 | 60.66 | Nifty Fmcg | 37800.35 | 0.52 | 80949 | |
| Icici Prudential Life In | 570.95 | 0.66 | 823907 | 0 | 60.38 | Nifty Pharma | 14040.65 | -0.82 | 80949 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Nikkei Services PMI (Dec) on 5th January, 2022
INR: FX Reserves, USD on 7th January, 2022 |
•USD: Crude Oil Inventories on 5th January 2022
•USD : Services PMI (Dec) on 5th January 2022 |
NEWS UPDATES
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Moody’s Investors Service on Tuesday assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds to be issued by Reliance Industries Limited (RIL). The outlook on the rating is stable. Mukesh Ambani-led Reliance Industries Limited plans to raise around $5 billion in foreign currency-denominated bonds. The company will use the bond proceeds for refinancing.
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Having access to over 10 lakh customers post acquisition of DHFL last year, Piramal Capital & Housing Finance (PCHFL) plans to open 100 branches and expand to 1,000 more cities in coming years. In September 2021, PCHFL completed acquisition of debt-laden Dewan Housing Finance Ltd (DHFL), thereby creating one of the largest housing finance companies in the country.
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Pine Labs, a leading merchant commerce platform, announced a new investment of $20 million from India’s largest commercial bank, the State Bank of India (SBI). Earlier in 2021, Pine Labs had raised a total round size of $600 million from a marquee set of new investors and followed it up with a $100 million fundraise from US-based Invesco Developing Markets Fund.
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L&T on Tuesday said its construction business has bagged a significant order from Delhi Metro Rail Corporation Ltd for the design and construction of the underground metro project Phase-1 of Patna Mass Rapid Transit System. The order has been awarded to heavy civil infrastructure business of L&T Construction, it said in a BSE filing.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| BHARTIA | General | 05-Jan-22 | SUDTIND-B | General | 06-Jan-22 |
| HUBTOWN | Issue Of Warrants | 05-Jan-22 | WOCKPHARMA | General | 06-Jan-22 |
| KACL | General | 05-Jan-22 | YAMNINV | General | 06-Jan-22 |
| KALPACOMME | General | 05-Jan-22 | AREXMIS | General | 07-Jan-22 |
| OMNIPOTENT | General | 05-Jan-22 | CHOTHANI | General | 07-Jan-22 |
| REVAORG | Stock Split;General | 05-Jan-22 | GMBREW | Quarterly Results | 07-Jan-22 |
| SHISHIND | Preferential Issue;Increase in Auth. Cap. | 05-Jan-22 | INDOWIND | Right Issue of Equity Shares | 07-Jan-22 |
| SPANDANA | Quarterly Results | 05-Jan-22 | INFRATRUST | General | 07-Jan-22 |
| ANANDRATHI | Interim Dividend;Quarterly Results | 06-Jan-22 | INTELLADV | General | 07-Jan-22 |
| GGDANDE | General | 06-Jan-22 | JHACC | General | 07-Jan-22 |
| HGS | Interim Dividend;Bonus issue | 06-Jan-22 | NAUKRI | Interim Dividend | 07-Jan-22 |
| RITCO | General;Employees Stock Option Plan | 06-Jan-22 | POLYSPIN | General | 07-Jan-22 |
| STARHFL | General | 06-Jan-22 | PSITINFRA | General | 07-Jan-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| GDL | 05-Jan-22 | Amalgamation | IPCALAB | 10-Jan-22 | Stock Split From Rs.2/- to Rs.1/- |
| JOHNPHARMA | 05-Jan-22 | Stock Split From Rs.10/- to Rs.1/- | AXITA | 11-Jan-22 | Bonus issue 1:2 |
| MANGTIMBER | 05-Jan-22 | Amalgamation | GMRINFRA | 11-Jan-22 | Spin Off |
| MAZDOCK | 06-Jan-22 | Interim Dividend – Rs. – 7.1000 | SCHABLON | 11-Jan-22 | Amalgamation |
| IMFA | 07-Jan-22 | Bonus issue 1:1 | SINDHUTRAD | 12-Jan-22 | E.G.M. |
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