The NIFTY opened at 18121.30 with a gap up of just 20 points. The index could not sustain at the higher levels and started drifting down from the opening tick. Prices have recorded its intraday high at 18127.60 a few ticks above the opening prices and saw a steep fall towards 17800 support. The index recorded its intraday low at 17856. Prices have spent the second half moving sideways and saw some recovery towards the end. The index finally closed at 17914.15 with a loss of 187.05 points or 1.03% down. All the sectoral indices have closed lower today except AUTO which ended with a gain of 0.28%. BANK and FINANCIAL led the bears today and closed with a loss of over 1% followed by MEDIA, IT, and METAL. The short-term trend is sideways. Yesterday, we mentioned a wide trading range inside 17800 support and 18250 resistance. This range remained intact and prices are now trading near the lower end. As far as the index is trading within these levels, we should prefer trading on an intraday basis. Our approach should be to buy on dips and sell on rallies. For carry-forward trades, we need to wait for prices to come near the boundaries of this wide trading range.


The BANK NIFTY opened at 42642 with a gap up of just 79. The index could not move higher and started drifting downwards after recording its intraday high at 42674.25 just above the opening tick. The decline continued for the whole day and prices recorded its intraday low at 41835.75. The index consolidated in the second half and finally closed at 42053.50 with a loss of 510 points. PSU BANKS have underperformed today, saw a sharp intraday decline, and closed lower with a loss of 2.67%. PVT BANKS have also moved down today and ended with a loss of 1.13%. Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while HDFC BANK contributed the lowest. Yesterday, we mentioned, “the index is moving inside the support around 41500 and resistance around 43500.”This range remained intact and prices are trading very near to the support levels. Within this range, we should prefer trading on an intraday basis only. The short-term trend is sideways. It is possible that the next few days may be narrow and choppy. As of now, we should avoid trading the index for the next couple of days.


POWER  GRID 211.80 BUY The stock has about to give a breakout on the intraday as well as the daily chart. The stock can be bought above 212.20 with a stop loss of 211.10 and a target of 214.20.
BRITANNIA 4326.85 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold at 4326.80 with a stop loss of 4353 and a target of 4276.50.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HCL TECH  1080 CE BUY 16 ABOVE 17 13.50 23.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TATAMOTORS.2301Jan 414.4 5.93 2.72 76525350 ADANIENT.23.01 Jan 3639.95 -5.79 10.08 13033750
MFSL.23.01 Jan 771.05 3.95 12.2 5780450 PNB.23.01 Jan 55.3 -3.74 4.77 213504000
HINDCOPPER.23.01 Jan 124.1 3.16 15.83 22017600 INTELLECT.23.01 Jan 426.25 -3.63 3.84 4734000
ZYDUSLIFE.23.01 Jan 458.1 2.92 4.13 10123200 CUB.23.01 Jan 166.6 -3.42 4.12 10750000
MOTHERSON.23.01 Jan 79 2.27 4.84 73129500 CONCOR.23.01 Jan 725.6 -3.22 0.83 6065000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDIAMART.23.01 Jan 4350 1.92 -0.72 288150 IBULHSGFIN.23.01 Jan 137.55 -3.47 -1.49 40476000
SYNGENE.23.01 Jan 615 1.85 -4.78 1215000 RBLBANK.23.01 Jan 180.95 -3.13 -1.36 32190000
DIVISLAB.23.01 Jan 3515 1.44 -0.93 2531400 PFC.23.01 Jan 155.85 -2.72 -2.12 64697000
HINDALCO.23.01 Jan 479 1.38 -0.57 21816200 ABCAPITAL.23.01 Jan 144 -2.34 -0.29 35834400
ALKEM.23.01 Jan 3088.75 1.25 -3.72 295000 BHEL.23.01 Jan 80.2 -2.08 -2.13 83139000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 211.8 1.29 12936245 0 83.05 Nifty50 17914.15 -1.03 99669
Abbott India Limited 22056.3 -0.93 22882 0 78.72 Niftybank 42014.75 -1.33 99609
Oracle Fin Serv Soft Ltd 3019.9 0.44 177423 0 77.03 Nifty it 28502.7 -0.85 99609
Infosys Limited 1469.75 -0.99 7158624 0 73.06 India Vix 15.51 5.87 103587
Bata India Ltd. 1624.9 -0.64 256073 0 71.41 Nifty Fmcg 44626.05 -0.38 99609
Piind 3289.75 -0.85 275726 0 71.25 Nifty Pharma 12766.6 -0.03 99609
Sbi Cards And Payment Se 782 -0.01 835589 0 69.42 Nifty Realty 425.15 -0.77 99609
Hindustan Unilever Ltd 2643.85 0.75 1413088 0 69.34 Nifty Auto 12819.1 0.28 99609
Colgate Palmolive (india 1499.85 -2.28 503968 0 69.14 Nifty Metal 6741.7 -0.75 99609
Icici Bank Ltd. 861.35 -1.37 13470142 0 69.02 Nifty Financial Services 18474.05 -1.37 99609


   Domestic                                                                                                                                                  International
INR: Manufacturing Output (MoM) (Nov) on 12th  January, 2023

INR: CPI (YoY) (Dec) on 12th  January, 2023

 USD: Crude Oil Inventories on 11th  January, 2023

USD: CPI (YoY) (Dec) on 12th  January, 2023


  • Indian stock benchmarks ended the day with losses led by declines in telecom, financials, banking and technology stocks. S&P BSE Sensex declined 1% to 60,115.48, while Nifty 50 ended 0.975 down at 17,924.85. Of the 50 Nifty 50 constituents, 17 stocks advanced, while 33 declined.

  • Inflows into equity mutual funds rose in December, helped by investments in mid- and small-cap funds. Net investment into equity and equity-linked schemes rose about three times over the previous month to Rs 7,303.4 crore, according to data released by the Association of Mutual Funds in India. This is the 22nd straight month of inflows into such funds.

  • Tata Group is close to taking over a major plant in southern India in a deal that would give the country its first homegrown iPhone maker.

  • With the opening up of the economy post the Covid pandemic, Knight Frank on Tuesday said housing sales rose 34% to a 9-year high and gross office leasing grew 36% during 2022 across eight major cities.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
5PAISA General;Quarterly Results 11-Jan-23 CYIENT Quarterly Results 12-Jan-23
AARTECH General 11-Jan-23 DEN Quarterly Results 12-Jan-23
AGIOPAPER General;Preferential Issue of shares 11-Jan-23 DRCSYSTEMS General;Quarterly Results 12-Jan-23
ALSTONE Quarterly Results 11-Jan-23 DYNAMIND Quarterly Results 12-Jan-23
AML General 11-Jan-23 ECORECO General;Quarterly Results 12-Jan-23
ASCENSIVE Preferential Issue of shares 11-Jan-23 EMAMIREAL General 12-Jan-23
BAJGLOB Quarterly Results 11-Jan-23 ENBETRD Right Issue of Equity Shares 12-Jan-23
BAZELINTER Employees Stock Option Plan;Increase in Authorised Capital;General;Preferential Issue of shares 11-Jan-23 ETT Quarterly Results 12-Jan-23
BNL Quarterly Results 11-Jan-23 GGENG Quarterly Results 12-Jan-23
CAPFIN General;Quarterly Results 11-Jan-23 GMBREW Quarterly Results 12-Jan-23
GORANIN Quarterly Results 11-Jan-23 GTPL Quarterly Results 12-Jan-23
MAHALXSE General 11-Jan-23 HCLTECH Interim Dividend;Quarterly Results 12-Jan-23
MARKOLINES Rights Issue 11-Jan-23 INDINFO Right Issue of Equity Shares;General 12-Jan-23
NATIONSTD Quarterly Results 11-Jan-23 INFY* Quarterly Results 12-Jan-23
RESPONSINF General 11-Jan-23 INLANPR Quarterly Results 12-Jan-23
RITESHIN General 11-Jan-23 JAYSHREETEA General;Scheme of Arrangement 12-Jan-23
SEL Quarterly Results 11-Jan-23 JHACC Quarterly Results 12-Jan-23
UNIAUTO General 11-Jan-23 JYOTISTRUC General 12-Jan-23
VEL Quarterly Results 11-Jan-23 LAL General 12-Jan-23
ABIRAFN Buy Back of Shares 12-Jan-23 NAVODAYENT General 12-Jan-23
ADVIKCA Quarterly Results 12-Jan-23 PLASTIBLEN Quarterly Results 12-Jan-23
ANANDRATHI Quarterly Results 12-Jan-23 QGO General 12-Jan-23
BCLIL Increase in Authorised Capital;General 12-Jan-23 RAMAPETRO Quarterly Results 12-Jan-23
CHOKSILA General 12-Jan-23 ROSELABS Quarterly Results 12-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
JETFREIGHT 11-Jan-23 Right Issue of Equity Shares KPIGREEN 18-Jan-23 Bonus issue 1:1
JMCPROJECT 11-Jan-23 Amalgamation HCLTECH 19-Jan-23 Interim Dividend
PACIFICI 11-Jan-23 Right Issue of Equity Shares DDIL 20-Jan-23 Stock  Split From Rs.10/- to Rs.1/-
WELENT 11-Jan-23 Special Dividend – Rs. – 7.5000 KARNAVATI 20-Jan-23 E.G.M.
INFRATRUST 12-Jan-23 Income Distribution (InvIT) ANGELONE 24-Jan-23 Interim Dividend
INDOWIND 13-Jan-23 Right Issue of Equity Shares CARGOSOL 24-Jan-23 E.G.M.
RADIOCITY 13-Jan-23 Scheme of Arrangement GOTHIPL 24-Jan-23 Interim Dividend
SOFTSOL 13-Jan-23 Buy Back of Shares PRECWIRE 24-Jan-23 E.G.M.
VISHNU 13-Jan-23 Stock  Split From Rs.10/- to Rs.2/- HAVELLS 25-Jan-23 Interim Dividend
NEWMKTADV 16-Jan-23 E.G.M. PBAINFRA 27-Jan-23 E.G.M.
TCS 16-Jan-23 Interim Dividend – Rs. – 8.0000 BANARBEADS 30-Jan-23 Interim Dividend
TCS 16-Jan-23 Special Dividend – Rs. – 67.0000 RKFORGE 31-Jan-23 Dividend
AARTISURF 17-Jan-23 Right Issue of Equity Shares ZENSARTECH 03-Feb-23 Interim Dividend
SKL 17-Jan-23 E.G.M. GILLETTE 09-Feb-23 Interim Dividend

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