NIFTY:
The NIFTY opened at 18719.55 with a gap up of just 23 points. The index initially moved down after recording its intraday high at 18728.60 a few ticks above the opening price. A sharp decline came in the first hour of trading and prices recorded its intraday low at 18591.35. The index then bounced up and came close to the early morning highs but was not able to cross above. The NIFTY then started range bound trading which lasted till the end and the index finally closed at 18701.05 near its day’s high with a gain of just 4.95 points or 0.03% up. METAL outperformed today and closed with a gain of 1.87% followed by REALTY and BANK which ended with a gain of over half percent. IT underperformed today and ended with a loss of 0.52%. The NIFTY recorded its lifetime high at 18887.60 and then started moving down. The last swing low has been recorded at 18365.60. We should wait for the one and till then avoid trading the index for carry forward trades.
BANK NIFTY:
The BANK NIFTY opened at 43269.35 with a gap up of 171 points. The index first moved down, filled the gap, and fall further to record its intraday low at 42985. Prices found support there and bounced up sharply. A modest rally came which lasted till the end. Prices have recorded its intraday high at 43372.5 and finally closed at 43321.30 with a gain of 223 points. PSU BANKS have outperformed today and closed with a gain of 1.20%. PVT BANKS have also moved up today and ended with a gain of 0.60% within the index, in terms of points, SBIN contributed the highest on the upside while AXIS BANK contributed the lowest. The short-term trend is still up. However, prices have been moving inside a narrow range. Since the range is very narrow inside the 42740 – 43340 zones, it should see a breakout soon one way or the other. Strong Support is visible around 42000. A close below this support may change the short-term trend to sideways. We should look for a buying opportunity only as far as prices are trading above this support level.
TECHNICAL PICKS
COMPANY NAME | CMP | B/S | RATIONALE |
GAIL | 93.15 | BUY | The stock is on the verge of giving a breakout on the intraday as well as the daily chart. The stock can be bought with a stop loss of 92.95 and for the target of 93.7. |
METRO POLISH | 1451.35 | SELL | The stock is on the verge of giving a breakdown on the intraday as well as the daily chart. The stock can be sold below 1444.8 with a stop loss of 1457.4 and for the target of 1419.55. |
DERIVATIVE PICKS
Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
DLF | 420 CE | BUY | 14.65 | CMP | 11.35 | 19.90 | OI Increase |
Long Buildup | Short Buildup | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
M&MFIN.22.12 Dec | 242.85 | 5.66 | 16.72 | 21248000 | BHEL.22.12 Dec | 88.35 | -3.44 | 5.82 | 100989000 | |
PEL.22.12 Dec | 912.95 | 5.32 | 14.7 | 6073650 | DALBHARAT.22.12 Dec | 1892.15 | -2.9 | 1.97 | 1291500 | |
ABCAPITAL.22.12 Dec | 159.2 | 4.36 | 8.19 | 37945800 | TVSMOTOR.22.12 Dec | 1022 | -2.6 | 2.02 | 7438900 | |
HINDALCO.22.12 Dec | 483.1 | 4.16 | 13.13 | 21416150 | HINDPETRO.22.12 Dec | 231.55 | -2.44 | 4.74 | 22482900 | |
MANAPPURAM.22.12 Dec | 124.7 | 3.7 | 6.17 | 39012000 | GUJGASLTD.22.12 Dec | 510 | -1.86 | 0.73 | 5157500 | |
Short Covering | Long Unwinding | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
IBULHSGFIN.22.12 Dec | 147.5 | 2.68 | -1.95 | 43492000 | PERSISTENT.22.12 Dec | 4285.05 | -2.2 | -9.95 | 471300 | |
DELTACORP.22.12 Dec | 235.2 | 2.26 | -1.02 | 16258700 | IDEA.22.12 Dec | 8.25 | -1.79 | -0.37 | 510090000 | |
PNB.22.12 Dec | 55.5 | 2.12 | -1.02 | 208960000 | ICICIGI.22.12 Dec | 1227.65 | -1.42 | -0.29 | 3852200 | |
COALINDIA.22.12 Dec | 232.9 | 1.97 | -3.89 | 29479800 | COFORGE.22.12 Dec | 4189 | -1.3 | -3.25 | 585000 | |
L&TFH.22.12 Dec | 93.85 | 1.9 | -0.51 | 60361936 | LUPIN.22.12 Dec | 774.5 | -0.93 | -1.81 | 6231350 |
TOP DELIVERY PERCENTAGE
Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | |||
Sectors | Price | Change % | Quantity | ||||||
Mahindra & Mahindra Fina | 241.15 | 5.31 | 17008391 | 0 | 30.04 | Nifty50 | 18701.05 | 0.03 | 103584 |
Aditya Birla Capital Lim | 158.65 | 4.58 | 18326577 | 0 | 33 | Niftybank | 43332.95 | 0.53 | 103515 |
Hindalco Ind Ltd. | 481.2 | 4.36 | 14599958 | 0 | 32.1 | Nifty it | 30891.5 | -0.52 | 103515 |
Piramal Enterprises | 896.25 | 4.25 | 3472292 | 0 | 22.27 | India Vix | 13.73 | 2.1 | 103800 |
Manappuram Finance Limit | 123.7 | 3.6 | 24534022 | 0 | 30.77 | Nifty Fmcg | 45151.15 | -0.01 | 103515 |
Tata Steel Limited | 115.85 | 3.44 | 96441799 | 0 | 48.35 | Nifty Pharma | 13052.9 | -0.26 | 103515 |
Federal Bank Ltd. | 137.3 | 3.04 | 14401826 | 0 | 44.22 | Nifty Realty | 466.55 | 0.69 | 103515 |
National Alum Co Ltd | 80.2 | 2.82 | 27249138 | 0 | 37.77 | Nifty Auto | 13007.55 | -0.3 | 103515 |
Ibulhsgfin | 146.6 | 2.66 | 15640318 | 0 | 25.4 | Nifty Metal | 6819.75 | 1.87 | 103515 |
Delta Corp Limited | 234.2 | 2.54 | 5956549 | 0 | 34.91 | Nifty Financial Services | 19297.3 | 0.25 | 103515 |
UPCOMING ECONOMIC DATA
Domestic International | |
INR: Interest Rate Decision on 7th December, 2022
INR: RBI MPC Meeting Minutes on 7th December, 2022 |
USD: Crude Oil Inventories on 7th December, 2022
USD: Initial Jobless Claims on 8th December, 2022 |
NEWS UPDATES
-
Indian benchmark indices ended on flat note in the volatile session on December 5.At Close, the Sensex was down 33.90 points or 0.05% at 62,834.60, and the Nifty up 4.90 points or 0.03% at 18,701. About 2080 shares have advanced, 1401 shares declined, and 191 shares are unchanged.
-
Vodafone chief executive Nick Read is stepping down as chief executive of the group after four years in the top job, the telecoms group said Monday in a surprise announcement.
-
Dabur India on December 5 announced the resignation of Krishan Kumar Chutani, chief executive officer (CEO) of Dabur International. Raghav Agrawal will take over Chutani’s role.
-
Shriram Transport Finance Company, the largest financier of commercial vehicles, and Shriram City Union Finance, the largest two-wheeler financer and leader in micro, small and medium enterprise (MSME) lending, have been merged to form Shriram Finance
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
Company Name | Purpose | Meeting Date | Company Name | Purpose | Meeting Date |
ARYAN | General | 06-Dec-22 | RLFL | General | 07-Dec-22 |
BIKAJI | General;Quarterly Results | 06-Dec-22 | SHAWGELTIN | Interim Dividend | 07-Dec-22 |
GRAUWEIL | General | 06-Dec-22 | TAKE | Quarterly Results | 07-Dec-22 |
INTECH | General | 06-Dec-22 | CAPFIN | General | 08-Dec-22 |
LELAVOIR | General | 06-Dec-22 | MFSINTRCRP | Quarterly Results | 08-Dec-22 |
MAGANTR | General | 06-Dec-22 | YASHINNO | Scheme of Arrangement | 08-Dec-22 |
MARKOLINES | Right Issue of Equity Shares | 06-Dec-22 | ARISE | General | 09-Dec-22 |
MAXHEIGHTS | General;Stock Split | 06-Dec-22 | KCLINFRA | Right Issue of Equity Shares;Rights Issue | 09-Dec-22 |
PHARMAID | General | 06-Dec-22 | SCC | General | 09-Dec-22 |
PTC | Quarterly Results | 06-Dec-22 | VGUARD | General | 09-Dec-22 |
STARHFL | General | 06-Dec-22 | VLL | General | 09-Dec-22 |
WARDINMOBI | General | 06-Dec-22 | AGARWAL | General | 10-Dec-22 |
ACEMEN | A.G.M.;Right Issue of Equity Shares;Increase in Authorised Capital;General;Preferential Issue of shares | 07-Dec-22 | QGO | General | 10-Dec-22 |
BRFL | Quarterly Results | 07-Dec-22 | AKASHDEEP | Stock Split | 12-Dec-22 |
CENTEXT | General | 07-Dec-22 | ESHAMEDIA | A.G.M. | 12-Dec-22 |
DECCAN | General | 07-Dec-22 | SHREESEC | Stock Split | 16-Dec-22 |
FRSHTRP | Buy Back of Shares | 07-Dec-22 | PIFL | General | 21-Dec-22 |
LUMAXIND | General | 07-Dec-22 | COFORGE | Interim Dividend;Quarterly Results | 20-Jan-23 |
CORPORATE ACTION
Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
TRIVENIGQ | 06-Dec-22 | E.G.M. | COSMOFIRST | 13-Dec-22 | Buy Back of Shares |
ADVAIT | 07-Dec-22 | E.G.M. | TELESYS | 14-Dec-22 | E.G.M. |
HGS | 07-Dec-22 | Interim Dividend – Rs. – 5.0000 | BAROEXT | 15-Dec-22 | E.G.M. |
ALKALI | 08-Dec-22 | E.G.M. | RCF | 15-Dec-22 | Final Dividend – Rs. – 2.5000 |
APTUS | 08-Dec-22 | Interim Dividend – Rs. – 2.0000 | RCF | 15-Dec-22 | Interim Dividend – Rs. – 1.6000 |
BLS | 08-Dec-22 | Bonus issue 1:1 | GLOSTERLTD | 16-Dec-22 | Bonus issue 1:1 |
CANFINHOME | 08-Dec-22 | Interim Dividend – Rs. – 1.5000 | PRECWIRE | 22-Dec-22 | Bonus issue 1:2 |
VALENCIA | 12-Dec-22 | E.G.M. | NATHIND | 23-Dec-22 | E.G.M. |
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