NIFTY opened at 20932.40 near yesterday’s close but within no time prices took a dip. Prices made a low near yesterday’s low at 20850.80 and found support again at that level then bounced back. The index made an intraday high of 20935 and eventually closed at 20916.10 with a minor loss of 20 points. MEDIA and PHARMA sectors have outperformed and led the bulls by closing just under 1% followed by PSUBANK and REALTY.FMCG and METALS underperformed and ended with a loss of over half a percent. Index stocks like ADANI PORTS and POWERGRID led the bulls and closed with a gain of more than 2% while ULTRATECHCEM closed with 1.8%. Support is visible around 20300-20500 while a minor resistance is started to visible at 20950-21000 levels.


BANK NIFTY opened at 46735.40 near yesterday’s close and saw a sharp dip in the first 15 minutes of the day. The index made a low at 46507.15 and found support there. Thereafter, Bank Nifty started recovering and closed near yesterday’s close at 46839.40 with a minor gain of 38 points. PSU BANKS again managed to close higher with a gain of 0.58% whereas PVT BANKs closed with a minor loss of 0.12%. Within the index, in terms of percent, PNB contributed the highest on the upside while IDFCFIRSTB dragged the Index lower. The trend is strongly on the upside as the index continues to find intraday support at lower levels. Support is now visible around 46300 while resistance is started to build near 47300 levels. We should look for buying only as far as prices are staying above the support of 46300.


ZYDUSLIFE SCIENCE 657.95 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 659.00 with a stop loss of 649.00 and a target of 679.00.
HINDALCO 516.05 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 515.00 with a stop loss of 519.35 and a target of 506.45.


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
TATAPOWER.23.12 Dec 328.05 10.75 8.92 107858250 BALRAMCHIN.23.12 Dec 408.8 -5.61 48.95 13939200
IEX.23.12 Dec 158.8 6.76 9.09 62981250 ABCAPITAL.23.12 Dec 167.25 -3.8 6.45 67699800
CONCOR.23.12 Dec 848.5 5.94 26.77 6724000 BHARTIARTL.23.12 Dec 1005.85 -2.39 6.86 33508400
MGL.23.12 Dec 1175.15 4.55 12.78 2237600 IDFCFIRSTB.23.12 Dec 88.05 -2.28 5.79 273735000
MCX.23.12 Dec 3337.6 4.49 11.26 2534400 HINDUNILVR.23.12 Dec 2532.45 -1.96 13.4 10179900
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ZEEL.23.12 Dec 272.6 5.52 -6.09 110409000 CHOLAFIN.23.12 Dec 1141.45 -1.76 -0.69 12423750
IBULHSGFIN.23.12 Dec 206.9 4.73 -4.14 60322800 ITC.23.12 Dec 461.2 -1.02 -0.9 68558400
INDIACEM.23.12 Dec 263.7 4.09 -4.49 23498700 COLPAL.23.12 Dec 2304.45 -0.86 -0.9 4263700
MRF.23.12 Dec 118025.8 2.89 -0.4 35850 LT.23.12 Dec 3376.1 -0.81 -1.97 9206100
BEL.23.12 Dec 161 2.78 -13.56 66957900 L&TFH.23.12 Dec 155.55 -0.8 -3 53151344

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
United Spirits Limited 1066.05 0.39 832078 1975005 83.01 Nifty50 20901.15 -0.17 49098535
Hindustan Unilever Ltd 2518.25 -1.92 3925967 1206616 76.67 Niftybank 46841.4 0.01 21929311
Max Financial Services l 1031.85 0.92 595111 560080 76.48 Nifty it 32961.6 -0.18 828007
Berger Paints (i) Ltd 588.55 1.68 1794395 4048427 74.93 India Vix 12.67 -7.79 777734429
Crompton Greaves Consume 301.7 1.75 3087207 782146 74.22 Nifty Fmcg 54173.15 -0.9 468345
Dr. Reddys Lab Ltd 5785.1 0.96 758230 394308 74.13 Nifty Pharma 16294.2 0.77 63149679
Reliance Industries Ltd 2457.05 -0.16 4071048 6075935 74 Nifty Realty 734.8 0.36 1396382430
Britannia Ind Ltd. 5016 0.26 268095 211804 71.63 Nifty Auto 17867.35 0.44 57374573
Syngene 728.35 0.98 1062415 898688 70.81 Nifty Metal 7369.85 -0.75 138667572
Jublfood 561 0.93 1542794 683887 70.72 Nifty Financial Services 21023.45 -0.02 4187463

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 8th December, 2023

INR: Interest Rate Decision on 8th December, 2023

USD: Unemployment Rate (Nov) on 8th December, 2023

USD: Nonfarm Payrolls (Nov) on 8th December, 2023

News Updates

  • Benchmark indices broke seven-day winning streak and ended lower in the volatile session on December 7. At close, the Sensex was down 132.04 points or 0.19 percent at 69,521.69, and the Nifty was down 36.50 points or 0.17 percent at 20,901.20. About 1893 shares advanced, 1342 shares declined, and 81 shares unchanged.

  • Shares of Paytm traded over 18 percent lower as of afternoon trade on December 7 after the company announced plans to slow down its small-ticket postpaid loans while it looks to expand its high-ticket personal loans and merchant loans. The decision has not gone well with brokerages as well, prompting them to cut their revenue estimates for the company.

  • Shares of Tata Power soared around 9 percent on December 7 to hit a fresh record high after brokerage firm JM Financial upgraded the stock to ‘buy’ rating from hold earlier. The brokerage also raised its price target on the stock by 40 percent to Rs 350 from the earlier target of Rs 220. The revised price target implies a potential rally of 24 percent over the next 12 months.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADANIENSOL General 08-Dec-23 VINTRON General 09-Dec-23
BRAHMINFRA Quarterly Results 08-Dec-23 NUWAY Quarterly Results 10-Dec-23
CUPIDTR Quarterly Results 08-Dec-23 9FFSL23 Quarterly Results 11-Dec-23
DCBBANK Preferential Issue of shares 08-Dec-23 DYNAMICP General 11-Dec-23
GICRE General 08-Dec-23 EASEMYTRIP Interim Dividend 11-Dec-23
INDITALIA A.G.M. 08-Dec-23 ENBETRD General 11-Dec-23
KEYFINSER Reduction of Capital 08-Dec-23 FEDFINA Quarterly Results 11-Dec-23
LLOYDSME General 08-Dec-23 KAMADGIRI General 11-Dec-23
MUFIN General 08-Dec-23 LASTMILE Issue Of Warrants;Preferential Issue of shares 11-Dec-23
OBCL General 08-Dec-23 NMSRESRC General 11-Dec-23
RAPIDIN General 08-Dec-23 POOJAENT General 11-Dec-23
RMCL Quarterly Results;General 08-Dec-23 PRATIKSH General 11-Dec-23
RNAVAL Quarterly Results;General 08-Dec-23 SOMICONV General 11-Dec-23
SMGOLD Right Issue of Equity Shares 08-Dec-23 SPCAPIT General 11-Dec-23
VSL Right Issue of Equity Shares 08-Dec-23 STDSFAC General 11-Dec-23
BALKRISHNA General 09-Dec-23 STML Issue Of Warrants;General 11-Dec-23
EMMESSA Quarterly Results 09-Dec-23 TDSL General 11-Dec-23
HYPERSOFT General 09-Dec-23 VICEROY General 11-Dec-23
JCTLTD Quarterly Results 09-Dec-23 ADANIPORTS General 12-Dec-23
KANANIIND Increase in Authorised Capital;Bonus issue;General 09-Dec-23 HDIL Quarterly Results 12-Dec-23
LLOYDSENGG Right Issue of Equity Shares;General 09-Dec-23 HIMFIBP General 12-Dec-23
OLPCL General 09-Dec-23 KAUSHALYA General 12-Dec-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
POOJAENT 08-Dec-23 Bonus issue 6:1 HINDZINC 14-Dec-23 Interim Dividend – Rs. – 6.0000
STEELXIND 11-Dec-23 E.G.M. TPHQ 14-Dec-23 Stock  Split From Rs.10/- to Rs.1/-
SUDIN 11-Dec-23 Stock  Split From Rs.10/- to Rs.5/- ASITCFIN 15-Dec-23 Right Issue of Equity Shares
BPCL 12-Dec-23 Interim Dividend – Rs. – 21.0000 SOMANYCERA 15-Dec-23 Buy Back of Shares
DHYAANI 12-Dec-23 Bonus issue 9:5 EASEMYTRIP 19-Dec-23 Interim Dividend
RHL 12-Dec-23 E.G.M. PML 19-Dec-23 Bonus issue 2:1
SAFARIND 12-Dec-23 Bonus issue 1:1 FRANKLININD 21-Dec-23 E.G.M.
SIS 12-Dec-23 Buy Back of Shares CMBL 22-Dec-23 E.G.M.
SONATSOFTW 12-Dec-23 Bonus issue 1:1 GENNEX 22-Dec-23 E.G.M.
RCF 13-Dec-23 Final Dividend – Rs. – 3.7000 KLRFM 22-Dec-23 Dividend – Rs. – 2.0000
FORINTL 14-Dec-23 E.G.M. RAWEDGE 22-Dec-23 E.G.M.

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