The NIFTY opened at 18288 with a gap up of 19 points. The index initially went higher but faces resistance quickly and saw a sharp dip to fill the gap. Prices recorded its intraday low at 18244.55 and then again moved higher. The index rises and recorded its intraday high at 18431.65. Prices have finally closed at 18420 near its daily highs with a gain of 151 points or 0.83% up. All the sectoral indices have moved higher today except IT & PSU BANK which ended with a loss of 0.51% & 0.12% respectively. AUTO, FMCG, and PSE outperformed today and ended with a gain of over 1.5%. We have mentioned short-term support of around 18200-18000. The index is holding this support despite closing lower yesterday. A trading range between 18600 -18200 remained intact. The short-term trend is sideways.


The BANK NIFTY opened at 43346.35 with a gap up of 127 points. The index initially went sideways and recorded its intraday low at 43110. Prices have broken on the upside and then rallied sharply to record its intraday high at 43451. The index finally closed at 43413 with a gain of 194 points. PSU BANK underperformed whereas PVT BANKS have saw a sharp intraday rally on second half, and closed by -0.12% & 0.50% respectively. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while PNB contributed the lowest. The index consolidated in the first half while moving higher in the second half. Tomorrow, we should look to buy on a breakout above 43450 or sell short below 43100. In case of a gap up or down beyond the suggested entry-level, apply the first 15-minute rule. Keep a stop of 100 points and a target of 300 points.


M&M 1290.65 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 1295.10 and a target of 1316.45.
BAJAJ FINANCE 6687 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at 6694 with a stop loss of 6668 and a target of 6750.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TVS MTR 1040 CE BUY 32.05 CMP 26 44 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDIGO.22.12 Dec 2036 3.3 1.34 3033900 CHAMBLFERT.22.12 Dec 306.4 -3.01 3.9 8073000
GMR AIRPORTS INFRASTRUCT 43.05 3.24 0.77 138937500 INFY.22.12 Dec 1510.6 -1.15 2.06 27666600
HDFCAMC.22.12 Dec 2290.25 3.07 0.29 1550700 TCS.22.12 Dec 3221.2 -1.06 4.65 8875050
ADANIENT.22.12 Dec 4105 2.83 0.6 12838000 ASTRAL.22.12 Dec 2041.05 -0.72 2.08 1541650
CUMMINSIND.2212Dec 1464.05 2.64 0.03 2079600 ONGC.22.12 Dec 146.65 -0.64 2.74 32898250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDIAMART.22.12 Dec 4491.1 4.18 -6.24 268050 PEL.22.12 Dec 876.75 -1.98 -0.57 6070625
ADANIPORTS.22.12Dec 895.7 3.89 -1.98 63597500 ALKEM.22.12 Dec 3003.15 -1.36 -0.65 245000
CANFINHOME.2212Dec 544.7 3.65 -5.02 4373850 COROMANDEL.22.12 Dec 934.8 -1.23 -0.49 2998800
IDFC.22.12 Dec 86.5 3.59 -0.45 101110000 GNFC.22.12 Dec 578.35 -1.02 -0.46 5937100
BHEL.22.12 Dec 83.95 3.51 -1.28 84409500 BIOCON.22.12 Dec 264 -0.94 -0.26 21739600


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 218.9 2.67 5819147 2452844 72.67 Nifty50 18420.45 0.83 25662809
Hdfc Bank Ltd. 1644.75 0.31 4802271 2999960 71.5 Niftybank 43413.75 0.45 10872683
Sun Pharma  Ltd 987.95 -0.57 1547342 640738 71.43 Nifty it 28556.45 -0.51 968784
Tata Consultancy Serv Lt 3202.05 -1.18 2120965 1549691 71.34 India Vix 13.55 -3.7 339146875
Mphasis Limited 1923.05 0.52 323348 171980 71.15 Nifty Fmcg 45981.45 1.46 366047
Dabur India Ltd. 589.05 1.6 2060993 1253146 70.53 Nifty Pharma 12646.45 0.08 37313886
Kotak Mahindra Bank Limi 1858.15 0.96 1713647 1187362 70.14 Nifty Realty 443.05 0.74 1065966234
Godrej Cons Products Ltd 906.5 1.08 762854 327643 69.11 Nifty Auto 12978.8 1.59 36488363
Hdfc Ltd. 2710.55 1.62 2218644 1468572 68.65 Nifty Metal 6742.45 1.27 70150701
Hcl Technologies Ltd. 1033.25 0.35 3328172 2452782 68.48 Nifty Financial Services 19277.7 0.87 2455046


   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (Nov) on 30th December, 2022

INR: Infrastructure Output (YoY) (Nov) on 30th December, 2022

 USD: Building Permits (Nov) on 20th  December, 2022

USD: GDP (QoQ) (Q3) on 22nd  December, 2022



  • Benchmark indices ended higher on December 22 with Nifty above 18,400.At Close, the Sensex was up 468.38 points or 0.76% at 61,806.19, and the Nifty was up 151.50 points or 0.83% at 18,420.50. About 2071 shares have advanced, 1436 shares declined, and 155 shares are unchanged.


  • Sugar stocks saw heavy buying for the second straight session on December 19 as the government may weigh raising the sugar export quota for the current marketing year after assessing domestic production in January.


  • Bharat Sanchar Nigam Ltd (BSNL) plans to raise up to Rs 4,200 crore through government of India-guaranteed bonds maturing in 10 years on December 21, a merchant banker close to the issue said.


  • Epic Concesiones Pvt Ltd, a portfolio company of Edelweiss Alternatives-backed Infrastructure Yield Plus Strategy, will acquire a 100 percent stake in L&T Infrastructure Development Projects Limited (L&T IDPL) at an enterprise value of Rs 6,000 crore, the two companies have said.


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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADROITINFO Employees Stock Option Plan;General 20-Dec-22 ZODIACLOTH Preferential Issue of shares 21-Dec-22
ASHIMASYN General 20-Dec-22 FILME General 22-Dec-22
IKAB General 20-Dec-22 JAYANT General 22-Dec-22
INLCM General 20-Dec-22 SARTHAKIND General 22-Dec-22
JYOTIRES General 20-Dec-22 SUPREMEINF General;Quarterly Results 22-Dec-22
LESHAIND General 20-Dec-22 TAINWALCHM General 22-Dec-22
RAJPALAYAM Right Issue of Equity Shares 20-Dec-22 HITTCO General 23-Dec-22
SCTL Preferential Issue of shares 20-Dec-22 OISL Audited Results 23-Dec-22
SMLT Interim Dividend;General 20-Dec-22 PARMCOS-B General 23-Dec-22
BHATIA General 21-Dec-22 TRIVENIGQ General 23-Dec-22
BRFL Quarterly Results 21-Dec-22 SRTRANSFIN Interim Dividend;General 24-Dec-22
GICRE General 21-Dec-22 KUNSTOFF General 26-Dec-22
INDLMETER Quarterly Results 21-Dec-22 ARCFIN Right Issue of Equity Shares;Rights Issue 27-Dec-22
MTARTECH General 21-Dec-22 ALEXANDER Preferential Issue of shares 28-Dec-22
PIFL General 21-Dec-22 SANGHIIND General 02-Jan-23
RHETAN Bonus issue;Increase in Authorised Capital;General;Stock  Split 21-Dec-22 KARNAVATI Stock  Split 03-Jan-23
RKDAGRRTL Issue Of Warrants 21-Dec-22 HCLTECH Interim Dividend;Quarterly Results 12-Jan-23
SAGCEM Amalgamation 21-Dec-22 INFY* Quarterly Results 12-Jan-23
SALAUTO General 21-Dec-22 HDFCBANK Quarterly Results 14-Jan-23
SANKHYAIN Preferential Issue of shares;Reduction of Capital;Scheme of Arrangement 21-Dec-22 KSOLVES Quarterly Results 15-Jan-23
VIVOBIOT Issue Of Warrants;Preferential Issue of shares 21-Dec-22 COFORGE Interim Dividend;Quarterly Results 20-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
PRATIK 20-Dec-22 Reduction of Capital TRIVENI 22-Dec-22 Buy Back of Shares
SANKHYAIN 20-Dec-22 Reduction of Capital ZIMLAB 22-Dec-22 Bonus issue 2:1
SANKHYAIN 20-Dec-22 Resolution Plan -Suspension LAFFANSQ 23-Dec-22 E.G.M.
SARTHAKIND 20-Dec-22 Bonus issue 1:3 NATHIND 23-Dec-22 E.G.M.
SFL 21-Dec-22 Bonus issue 1:1 SAGARPROD 23-Dec-22 E.G.M.
KAMAHOLD 22-Dec-22 Buy Back of Shares ECLERX 26-Dec-22 Buy Back of Shares
ORCHIDPHAR 22-Dec-22 E.G.M. SECURCRED 26-Dec-22 Bonus issue 3:1
PRECWIRE 22-Dec-22 Bonus issue 1:2 FILATEX 27-Dec-22 Stock  Split From Rs.2/- to Rs.1/-
QUINT 22-Dec-22 Right Issue of Equity Shares ADVAIT 28-Dec-22 Bonus issue 1:1
TRITURBINE 22-Dec-22 Buy Back of Shares ADVANIHOTR 29-Dec-22 Interim Dividend – Rs. – 2.0000

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