The NIFTY opened at 18340.30 with a gap down of 80 points. The index continued its bearish momentum, fell further on the downside, and started a consolidation process. Prices have seen a breakout and then rallied higher after recording its intraday low at 18202.65. The index recovered all the losses that came during the day and moved further on the upside. Prices recorded its intraday high at 18404.90 and finally closed at 18385.30 near its intraday highs with a loss of just 35.19 points or 0.19% down REALTY underperformed today and closed lower by 1.21% followed by the AUTO and MEDIA sectors. IT, OIL GAS, and METAL outperformed today and ended with minor gains. The INDIA VIX, an Index for volatility, is consistently moving around the 14 levels suggesting the bulls still have control over the markets. Intraday traders should look for trading opportunities on both sides of the market. Use the buy-on-dips and sell-on-rallies approach while carry-forward traders should step aside.


The BANK NIFTY opened at 43152.65 with a big gap down of 288 points. The index continued its bearish momentum and moved further on the downside. Prices found support around 43000 and then started rising after recording its intraday low at 42955.40. The index rallied sharply, recovered almost all the losses, and recorded its intraday high at 43426.20. Prices finally dosed at 43407.80 near its day highs with a loss of just 33 points. PSU and PVT BANKS both performed almost the same today and closed with a loss of 0.35% &0.25% respectively. Within the index, in terms of points. ICICI BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend remained sideways. Moreover, a trading range within 43000-44000 zones also remained intact. For carry-forward trades, we should wait for this range to break one way or the other. It has been almost four weeks that the index is trading within this range. We may see a breakout soon. For the time being, Intraday traders can look for trading opportunities in both directions. Prefer to buy on dips and sell on rallies approach.


RELIANCE 2621.80 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at 2626.40 with a stop loss of 2605 and a target of 2661.
SBI LIFE 1231.25 BUY The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold at CMP with a stop loss of 1240.05 and a target of 1215.60.


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
BALRAMCHIN.2212Dec 405.7 3.11 0.39 7075200 SBILIFE.22.12 Dec 1234.8 -3.1 6.9 5649000
ADANIENT.22.12 Dec 4184.45 1.94 3.76 13320750 GODREJPROP.22.12 Dec 1280.35 -2.83 4.58 3900975
IPCALAB.22.12 Dec 875 1.93 2.73 1855750 IDFC.22.12 Dec 84.15 -2.72 1.48 102610000
CUMMINSIND.2212Dec 1487.95 1.63 4.93 2182200 MFSL.22.12 Dec 701 -2.69 2.71 5410600
INDIGO.22.12 Dec 2068.5 1.6 5.14 3189900 INDUSTOWER.22.12 Dec 191.85 -2.59 4.73 14313600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IBULHSGFIN.22.12 Dec 153.25 1.89 -0.89 35188000 NMDC.22.12 Dec 121.55 -2.21 -1.22 27175200
NAVINFLUOR.22.12Dec 4229.5 1.29 -0.35 443925 PFC.22.12 Dec 142.3 -1.96 -0.81 49513200
CROMPTON.22.12 Dec 354.2 1.19 -1.2 4930500 IDFCFIRSTB.22.12 Dec 61.65 -1.83 -0.19 147570000
TCS.22.12 Dec 3252.05 0.96 -2.84 8622600 IDEA.22.12 Dec 8.25 -1.79 -0.51 491890000
WHIRLPOOL.22.12 Dec 1517.15 0.79 -0.72 775950 RAMCOCEM.22.12 Dec 711.7 -1.51 -0.08 3043850


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Torrent Power Limited 511.7 -0.68 303823 0 85.5 Nifty50 18385.3 -0.19 99075
Hcl Technologies Ltd. 1029.7 -0.34 2629849 0 73.7 Niftybank 43359.5 -0.12 99009
Tata Consultancy Serv Lt 3243.95 1.31 1529971 0 73.07 Nifty it 28612.5 0.2 99009
The Ramco Cements 707.45 -1.67 147164 0 70.68 India Vix 13.78 1.7 103440
Hindustan Unilever Ltd 2674.55 -1.6 827567 0 69.59 Nifty Fmcg 45694.7 -0.62 99009
Kotak Mahindra Bank Limi 1847.1 -0.59 1410586 0 69.29 Nifty Pharma 12618.45 -0.22 99009
Hdfc Ltd. 2700.3 -0.38 2239771 0 66.19 Nifty Realty 437.7 -1.21 99009
Alkem 3001.95 0.04 116933 0 65.62 Nifty Auto 12879.4 -0.77 99006
Torrent Pharma Ltd. 1575.2 -1.42 303559 0 65.59 Nifty Metal 6750.3 0.12 99006
Samvardhana Motherson 69.5 -1.49 14804500 0 65.17 Nifty Financial Services 19222.3 -0.29 99006


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

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

 USD: Crude Oil Inventories on 21st  December, 2022

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


  • Benchmark indices ended marginally lower on December 20 with Nifty below 18,400. At Close, the Sensex was down 103.90 points or 0.17% at 61,702.29, and the Nifty was down 35.20 points or 0.19% at 18,385.30. About 1646 shares have advanced, 1780 shares declined, and 126 shares are unchanged.


  • Fintech player Zaggle Prepaid Ocean Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.


  • The Bank of Japan’s unexpected hawkish shift sent shock waves through global markets as the developed world’s last holdout for rock-bottom interest rates inches toward policy normalization.Japanese government bonds and Treasuries both slumped, while the yen surged after the BOJ raised its cap on benchmark 10-year yields to around 0.5% from 0.25%, surprising every economist surveyed by Bloomberg.


  • The board of Hinduja Global Solutions Ltd (HGS), the group’s business process management arm, approved a buyback of 60 lakh shares worth Rs 1,020 crore on 19 December.


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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BHATIA General 21-Dec-22 ELEFLOR General 23-Dec-22
BRFL Quarterly Results 21-Dec-22 HITTCO General 23-Dec-22
GICRE General 21-Dec-22 MIRCH Increase in Authorised Capital;Issue Of Warrants;General 23-Dec-22
INDLMETER Quarterly Results 21-Dec-22 OISL Audited Results 23-Dec-22
KAPILRAJ General;Preferential Issue of shares 21-Dec-22 PARMCOS-B General 23-Dec-22
KESARPE General 21-Dec-22 TRIVENIGQ General 23-Dec-22
MTARTECH General 21-Dec-22 BILLWIN Right Issue of Equity Shares 24-Dec-22
PIFL General 21-Dec-22 GRANDMA Quarterly Results 24-Dec-22
RHETAN Bonus issue;Increase in Authorised Capital;General;Stock  Split 21-Dec-22 SHRIRAMFIN Interim Dividend;General 24-Dec-22
RKDAGRRTL Issue Of Warrants 21-Dec-22 CRSTCHM General 26-Dec-22
SAGCEM Amalgamation 21-Dec-22 ENERGYDEV General 26-Dec-22
SALAUTO General 21-Dec-22 KUNSTOFF General 26-Dec-22
SANKHYAIN Preferential Issue of shares;Reduction of Capital;Scheme of Arrangement 21-Dec-22 SJCORP General 26-Dec-22
SHREYASI General 21-Dec-22 ARCFIN Right Issue of Equity Shares;Rights Issue 27-Dec-22
SPANDANA General 21-Dec-22 MODCL General 27-Dec-22
SPECIALITY General 21-Dec-22 SEPC Right Issue of Equity Shares;General 27-Dec-22
VIVOBIOT Issue Of Warrants;Preferential Issue of shares 21-Dec-22 ALEXANDER Preferential Issue of shares 28-Dec-22
ZODIACLOTH Preferential Issue of shares 21-Dec-22 SANGHIIND General 02-Jan-23
AFEL General 22-Dec-22 KARNAVATI Stock  Split 03-Jan-23
FILME General 22-Dec-22 HCLTECH Interim Dividend;Quarterly Results 12-Jan-23
JAYANT General 22-Dec-22 INFY* Quarterly Results 12-Jan-23
SARTHAKIND General 22-Dec-22 HDFCBANK Quarterly Results 14-Jan-23
SHARDFI Increase in Authorised Capital;General;Preferential Issue of shares 22-Dec-22 KSOLVES Quarterly Results 15-Jan-23
SUPREMEINF General;Quarterly Results 22-Dec-22 COFORGE Interim Dividend;Quarterly Results 20-Jan-23
TAINWALCHM General 22-Dec-22 TTKPRESTIG Quarterly Results 31-Jan-23
UCALFUEL General 22-Dec-22 ABB A.G.M.;Audited Results;Dividend;Quarterly Results 10-Feb-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SFL 21-Dec-22 Bonus issue 1:1 ECLERX 26-Dec-22 Buy Back of Shares
TEXMOPIPES 21-Dec-22 E.G.M. SECURCRED 26-Dec-22 Bonus issue 3:1
KAMAHOLD 22-Dec-22 Buy Back of Shares FILATEX 27-Dec-22 Stock  Split From Rs.2/- to Rs.1/-
ORCHIDPHAR 22-Dec-22 E.G.M. ADVAIT 28-Dec-22 Bonus issue 1:1
PRECWIRE 22-Dec-22 Bonus issue 1:2 ADVANIHOTR 29-Dec-22 Interim Dividend – Rs. – 2.0000
QUINT 22-Dec-22 Right Issue of Equity Shares TIIL 29-Dec-22 Buy Back of Shares
TRITURBINE 22-Dec-22 Buy Back of Shares TIJARIA 02-Jan-23 E.G.M.
TRIVENI 22-Dec-22 Buy Back of Shares SHRIRAMFIN 03-Jan-23 Interim Dividend
ZIMLAB 22-Dec-22 Bonus issue 2:1 SPLPETRO 05-Jan-23 Stock  Split From Rs.4/- to Rs.2/-
LAFFANSQ 23-Dec-22 E.G.M. GLCL 06-Jan-23 Bonus issue 1:1
NATHIND 23-Dec-22 E.G.M. VIVANTA 09-Jan-23 E.G.M.
SAGARPROD 23-Dec-22 E.G.M. VISHNU 13-Jan-23 Stock  Split From Rs.10/- to Rs.2/-
TRIVIKRAMA 23-Dec-22 E.G.M. KPIGREEN 18-Jan-23 Bonus issue 1:1

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