The NIFTY opened at 17924.25 without much of a gap. The index initially went down but soon found support and bounced up after recording its intraday low at 17824.35. Prices have seen a sharp upside move but started facing resistance around 18000 and turned down again after recording its intraday high at 17976.35. The decline was minor and prices started a consolidation process that lasted till the end. The index finally closed at 17895. 70 with a loss of 18.45 points or 0.10% down. METAL and BANK outperformed today and ended with a gain of more than half per cent followed by IT.FMCG underperformed today and closed with a loss of over 1% followed by AUTO and PHARMA. We have been tracking a wide trading range with support around 17800 and resistance around 18250. This rare remained intact thus the short-term trend is sideways. For carry-forward trades, we need to wait for prices to come near the boundaries of this wide trading range or a decisive breakout. The INDIA VIX, a benchmark index for volatility, is moving around level 16. If the value keeps on rising then it may favor the bears. Avoid trading the index.


The BANK NIFTY opened at 42071.85 without much of a gap. The index initially moved lower but found support quickly and bounced up after recording its intraday low at 41729. Prices have seen a sharp upside move and then started a consolidation process. The index spent the rest of the day by moving sideways, recorded its intraday high at 42318, and finally closed at 42190.65 with a gain of 137 points. PSU and PVT BANK both indices have performed almost the same today, saw an intraday rally and closed with a gain of 0.70% & 0.41% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. We have been tracking a wide trading range with support around 41500 and resistance around 43500. The range is still intact and prices are trading near the lower end of this range. Intraday traders can look for a trading opportunity on both sides of the market with an approach of buying on dips and selling on rallies. Carry forward traders should wait for prices to come at the extreme of the above-mentioned trading range.


POWER  GRID 211.95 BUY The stock has about to give a breakout on the intraday as well as the daily chart. The stock can be bought above 212.40 with a stop loss of 211.35 and a target of 214.50.
SRF 2195.80 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold at 2186.70 with a stop loss of 2205.90 and a target of 2145.50.


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
TATACOMM.23.01 Jan 1424.85 4.23 11.31 2218500 BHARTIARTL.23.01 Jan 768.5 -3.57 9.67 43968850
NMDC.23.01 Jan 128.85 4.08 5.66 40239000 SRF.23.01 Jan 2207.5 -3.07 4.33 4643250
MFSL.23.01 Jan 799.75 3.56 1.43 5491850 CIPLA.23.01 Jan 1051.5 -2.96 3.44 8743800
INDIGO.23.01 Jan 2114.7 2.95 2.62 2962500 BIOCON.23.01 Jan 252.4 -2.51 2.38 25408100
HINDALCO.23.01 Jan 491 2.62 1.72 22064000 DIVISLAB.23.01 Jan 3427.65 -2.46 2.35 2555250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IOC.23.01 Jan 83.75 3.52 -3.45 82046250 LAURUSLABS.23.01 Jan 367.65 -3.42 -2.82 9121200
HINDPETRO.23.01 Jan 257.55 3.06 -2.17 20484900 MRF.23.01 Jan 91424.65 -2.57 -4.51 54260
IDEA.23.01 Jan 7.5 2.74 -3.63 555310000 APOLLOTYRE.23.01 Jan 320.7 -2.11 -0.32 13020000
PNB.23.01 Jan 56.7 2.35 -0.8 209472000 ESCORTS.23.01 Jan 2143.65 -2.03 -4.65 704825
IBULHSGFIN.23.01 Jan 140.7 2.22 -4.91 36844000 MOTHERSON.23.01 Jan 77.5 -2.02 -2.43 66629250


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Oracle Fin Serv Soft Ltd 3048.6 0.95 61076 26035 88.55 Nifty50 17895.7 -0.1 24736084
Marico Limited 500.3 -1.91 1810341 1175590 78.52 Niftybank 42232.7 0.52 10502364
Hdfc Bank Ltd. 1590.9 1.44 7597899 5479706 76.97 Nifty it 28596.35 0.33 1065880
Abbott India Limited 22211 0.7 19674 12790 76.76 India Vix 15.44 -0.45 2.83E+08
Colgate Palmolive (india 1489.3 -0.7 269902 155607 74.3 Nifty Fmcg 44123 -1.13 333819
Hindustan Unilever Ltd 2593.25 -1.91 1471687 961363 73.51 Nifty Pharma 12682.25 -0.66 34804184
Icici Bank Ltd. 866.3 0.57 15558460 11163263 72.85 Nifty Realty 424.95 -0.05 1.04E+09
Oil & Natural Gas Corp 146.8 -1.71 12538238 7701712 70.75 Nifty Auto 12753.05 -0.52 34617350
Alkem 3044.45 -1.14 104122 69114 70.44 Nifty Metal 6792.15 0.75 65235544
Hcl Technologies Ltd. 1054.8 -0.85 3594167 2439255 70.42 Nifty Financial Services 18566.6 0.5 3425872


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

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

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

USD: Initial Jobless Claims on 12th  January, 2023


  • The Indian benchmark indices ended flat following a volatile session on Wednesday as selling in the FMCG and pharma sectors offset the impact of gains in banking and financials. Market participants await the release of domestic and U.S. consumer price data this week, to gauge cues on the central banks’ interest rate-hike plans. The S&P BSE Sensex ended 10 points, or 0.02%, lower at 60,105.50, while the NSE Nifty 50 lost 19 points, or 0.1%, to end at 17,895.70.

  • The U.S. drug regulator, following a pre-approved inspection, issued Form 483 with six observations to Piramal Pharma Ltd.’s Lexington facility in Kentucky, U.S. The company said that the facility was inspected by the U.S. Food and Drug Administration from Dec. 27, 2022, through Jan. 10, 2023, according to its exchange filing.

  • Monte Carlo Fashions shares gained more than 4 percent on January 11 after the company clocked 12 percent revenue growth during the quarter ended December FY23 (Q3FY23).The woollen knitted apparel maker recorded revenue growth of 12 percent in Q3FY23 and 19 percent growth for the nine months period ended December FY23, compared to the year-ago period, driven by pent-up demand.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABIRAFN Buy Back of Shares 12-Jan-23 QGO General 12-Jan-23
ADVIKCA Quarterly Results 12-Jan-23 RAMAPETRO Quarterly Results 12-Jan-23
ANANDRATHI Quarterly Results 12-Jan-23 ROSELABS Quarterly Results 12-Jan-23
BCLIL Increase in Authorised Capital;General 12-Jan-23 ANUP Quarterly Results 13-Jan-23
CHOKSILA General 12-Jan-23 ARCHITORG Quarterly Results 13-Jan-23
CYIENT Quarterly Results 12-Jan-23 ARTSONEN Quarterly Results 13-Jan-23
DEN Quarterly Results 12-Jan-23 ASIANVE Quarterly Results 13-Jan-23
DRCSYSTEMS General;Quarterly Results 12-Jan-23 BIRLAMONEY Quarterly Results 13-Jan-23
DYNAMIND Quarterly Results 12-Jan-23 CHOICEIN Quarterly Results 13-Jan-23
ECORECO General;Quarterly Results 12-Jan-23 GANESHHOUC Quarterly Results 13-Jan-23
EMAMIREAL General 12-Jan-23 GBGLOBAL General 13-Jan-23
ENBETRD Right Issue of Equity Shares 12-Jan-23 GOYALALUM General;Stock  Split 13-Jan-23
ETT Quarterly Results 12-Jan-23 GUJHOTE Quarterly Results 13-Jan-23
GGENG Quarterly Results 12-Jan-23 HATHWAYB Quarterly Results 13-Jan-23
GMBREW Quarterly Results 12-Jan-23 HCKKVENTURE General;Quarterly Results 13-Jan-23
GTPL Quarterly Results 12-Jan-23 HERITGFOOD Right Issue of Equity Shares 13-Jan-23
HCLTECH Interim Dividend;Quarterly Results 12-Jan-23 ITHL Quarterly Results 13-Jan-23
INDINFO Right Issue of Equity Shares;General 12-Jan-23 JPTRLES Quarterly Results 13-Jan-23
INFY* Quarterly Results 12-Jan-23 JUSTDIAL General;Quarterly Results 13-Jan-23
INLANPR Quarterly Results 12-Jan-23 L&TFH Quarterly Results 13-Jan-23
JAYSHREETEA General;Scheme of Arrangement 12-Jan-23 LAFFANSQ Quarterly Results 13-Jan-23
JHACC Quarterly Results 12-Jan-23 MANOMAY Increase in Authorised Capital;General;Preferential Issue of shares 13-Jan-23
JYOTISTRUC General 12-Jan-23 RAJNISH General;Quarterly Results 13-Jan-23
LAL General 12-Jan-23 RPEL Quarterly Results 13-Jan-23
NAVODAYENT General 12-Jan-23 WIPRO Interim Dividend;Quarterly Results 13-Jan-23
PLASTIBLEN Quarterly Results 12-Jan-23 ZENITHEXPO General 13-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
INFRATRUST 12-Jan-23 Income Distribution (InvIT) KARNAVATI 20-Jan-23 E.G.M.
INDOWIND 13-Jan-23 Right Issue of Equity Shares ANGELONE 24-Jan-23 Interim Dividend
RADIOCITY 13-Jan-23 Scheme of Arrangement CARGOSOL 24-Jan-23 E.G.M.
SOFTSOL 13-Jan-23 Buy Back of Shares GOTHIPL 24-Jan-23 Interim Dividend
VISHNU 13-Jan-23 Stock  Split From Rs.10/- to Rs.2/- PRECWIRE 24-Jan-23 E.G.M.
NEWMKTADV 16-Jan-23 E.G.M. HAVELLS 25-Jan-23 Interim Dividend
TCS 16-Jan-23 Interim Dividend – Rs. – 8.0000 PBAINFRA 27-Jan-23 E.G.M.
TCS 16-Jan-23 Special Dividend – Rs. – 67.0000 SURYAROSNI 27-Jan-23 Interim Dividend
AARTISURF 17-Jan-23 Right Issue of Equity Shares BANARBEADS 30-Jan-23 Interim Dividend
SKL 17-Jan-23 E.G.M. RKFORGE 31-Jan-23 Dividend
KPIGREEN 18-Jan-23 Bonus issue 1:1 DCMSHRIRAM 01-Feb-23 Interim Dividend
HCLTECH 19-Jan-23 Interim Dividend ZENSARTECH 03-Feb-23 Interim Dividend
DDIL 20-Jan-23 Stock  Split From Rs.10/- to Rs.1/- GILLETTE 09-Feb-23 Interim Dividend


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