The NIFTY opened at 18600.65 with a gap down of 101 points. The index initially moved down but soon found support and bounced up after recording its intraday low at 18577.90. A rally started which took prices above the opening tick. The momentum was very weak so prices did not rally further and started a consolidation process around the 18600 level. A sharp surge towards the end brought prices to its intraday high at 18654.90 and the index finally closed at 18642.75 near its day’s high but with a loss of 58.30 points or 0.31%. All the sectoral indices have closed lower today except FMCG and OIL & GAS which ended with minor gains. IT, MEDIA led the bears today followed by METAL and PHARMA. Short-term support is visible around 18600 while a strong support zone is visible inside 18300 – 18500. We should look for a buying opportunity. The idea is to buy on a dip at or below 18500 or buy on a breakout above 18730. In case of a gap up above 18730 or a gap down below 18500, wait till 09:30 AM and then look to buy above the first 15 min high. Keep a stop of 80 points and a target of 240 points from your entry price.


The BANK NIFTY opened at 43093.90 with a gap down of 228 points. The index bounced up and rallied sharply to fill the gap. Prices found resistance around the previous day’s closing price and then started drifting downwards after recording its intraday high at 43306.85. A decline brought prices to its intraday low at 43076.40 and the index consolidated to finally close at 43143.5 with a loss of 178 points. PSU BANKS have outperformed today and closed with a gain of 1.26%. PVT BANKS have underperformed today and closed lower by 0.43%. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while ICICIBANK contributed the lowest. It was a choppy day where prices have moved in a sideways manner and continued trading narrow as today’s range was just 230 points. 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.


JUBL FOOD 555.3 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at 557 with a stop loss of 549.85 and a target of 570.6.
 BATA INDIA 1714.8 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold at 1711.8 with a stop loss of 1718 and a target of 1699.25.


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
SRTRANSFIN.22.12 Dec 1321 2.16 1.54 5869800 LTIMindtree Limited.22.1 4855.3 -3.25 7.82 1647600
TATAPOWER.22.12 Dec 230.6 1.92 2.62 102974625 PERSISTENT.22.12 Dec 4163.4 -2.9 4.11 471450
BANDHANBNK2212Dec 246.5 1.48 1.67 53240400 COFORGE.22.12 Dec 4075.05 -2.81 1.62 583950
INDHOTEL.22.12 Dec 330.95 1.36 0.36 36547914 BPCL.22.12 Dec 331.6 -2.81 4.38 18838800
HINDUNILVR.22.12 Dec 2674.7 1.29 5.61 7191600 SAIL.22.12 Dec 86.5 -2.7 1.1 107730000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIENT.22.12 Dec 4050.35 2.45 -0.37 12651000 TATASTEEL.22.12 Dec 113.7 -2.45 -2.64 200719000
TVSMOTOR.22.12 Dec 1044 2.05 -0.61 7224000 HINDALCO.22.12 Dec 471.55 -2.32 -3.66 20006825
AMBUJACEM.22.12Dec 585.45 1.27 -1.18 78955200 MUTHOOTFIN.22.12 Dec 1122.05 -2.21 -0.2 6896625
RAMCOCEM.22.12 Dec 704.9 1.23 -0.02 4070650 INTELLECT.22.12 Dec 458.7 -2.18 -0.46 4880250
NESTLEIND.22.12 Dec 20087.95 1.05 -1.78 267200 NMDC.22.12 Dec 121.2 -1.86 -1.35 31108100


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Bank Ltd. 922.65 -1.17 18220912 0 75.18 Nifty50 18642.75 -0.31 101034
Sun Pharma  Ltd 1033.55 -0.56 1321211 0 74.18 Niftybank 43138.55 -0.45 101034
Sbi Cards And Payment Se 817.6 -1.63 1223944 0 73.4 Nifty it 30443 -1.45 101034
Gail (india) Limited 93 -0.16 9031442 0 72.46 India Vix 14.04 2.26 101034
Dabur India Ltd. 592.6 0.94 1040850 0 71.4 Nifty Fmcg 45287.85 0.3 101034
Colgate Palmolive (india 1586.45 -0.74 777171 0 71.35 Nifty Pharma 12955.35 -0.75 101034
Ipca Laboratories Ltd. 857.45 -0.74 222011 0 71.19 Nifty Realty 463.4 -0.68 101034
Hdfc Asset Management Co 2192 0.24 86367 0 71.12 Nifty Auto 12973.8 -0.26 101034
Reliance Industries Ltd 2690.2 0.29 3966243 0 71.04 Nifty Metal 6768.85 -0.75 101034
Larsen & Toubro Limited 2093.5 0.38 1530731 0 69.95 Nifty Financial Services 19242.3 -0.29 101034


   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


  • Benchmark indices ended lower in the volatile session on December 6 with Nifty around 18650.At Close, the Sensex was down 208.24 points or 0.33% at 62,626.36, and the Nifty was down 58.20 points or 0.31% at 18,642.80. About 1565 shares have advanced, 1825 shares declined, and 135 shares are unchanged.

  • Sula Vineyards is considered a “category creator” and once the listing plans fructify, it would arguably be the first IPO in India by a pure play wine manufacturer.”The issue will open for anchor investors on Dec 9 and will be open for the public from Dec 12 to Dec 14,” said one of the persons above.

  • Maruti Suzuki India on Tuesday said it is recalling 9,125 units of its models Ciaz, Brezza, Ertiga, XL6 and Grand Vitara to fix possible defects in a part of the front row seat belts.The affected vehicles were manufactured between November 2-28, 2022, Maruti Suzuki India said in a regulatory filing.

  • The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9% from 6.5% for 2022-23, saying the economy was showing higher resilience to global shocks.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ACEMEN A.G.M.;Right Issue of Equity Shares;Increase in Authorised Capital;General;Preferential Issue of shares 07-Dec-22 PAWANSUT A.G.M. 09-Dec-22
BRFL Quarterly Results 07-Dec-22 SCC General 09-Dec-22
CENTEXT General 07-Dec-22 SDBL Right Issue of Equity Shares;Issue Of Warrants;General;Preferential Issue of shares;Rights Issue 09-Dec-22
DECCAN General 07-Dec-22 VGUARD General 09-Dec-22
FRSHTRP Buy Back of Shares 07-Dec-22 VLL General 09-Dec-22
LUMAXIND General 07-Dec-22 ACEENGITEC General 10-Dec-22
QUINT Right Issue of Equity Shares;General 07-Dec-22 AGARWAL General 10-Dec-22
RLFL General 07-Dec-22 JMJFIN General 10-Dec-22
SHAWGELTIN Interim Dividend 07-Dec-22 QGO General 10-Dec-22
TAKE Quarterly Results 07-Dec-22 VENLONENT General 10-Dec-22
APCL Right Issue of Equity Shares;General;Rights Issue 08-Dec-22 AKASHDEEP Stock  Split 12-Dec-22
CAPFIN General 08-Dec-22 ARAMBHAN General 12-Dec-22
EFCIL General 08-Dec-22 ESHAMEDIA A.G.M. 12-Dec-22
MFSINTRCRP Quarterly Results 08-Dec-22 JAINCO General 12-Dec-22
MODCL General 08-Dec-22 PUNJCOMMU General 12-Dec-22
YASHINNO Scheme of Arrangement 08-Dec-22 WEBSL General 13-Dec-22
ARISE General 09-Dec-22 SHREESEC Stock  Split 16-Dec-22
ASTRAMICRO General 09-Dec-22 SBC Buy Back of Shares 19-Dec-22
BAJAJCON Buy Back of Shares 09-Dec-22 PIFL General 21-Dec-22
FOCUSIRL A.G.M. 09-Dec-22 RHETAN Bonus issue;Increase in Authorised Capital;General;Stock  Split 21-Dec-22
KCLINFRA Right Issue of Equity Shares;Rights Issue 09-Dec-22 KSOLVES Quarterly Results 15-Jan-23
MEDIAONE General 09-Dec-22 COFORGE Interim Dividend;Quarterly Results 20-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
HATSUN 07-Dec-22 Right Issue of Equity Shares BAROEXT 15-Dec-22 E.G.M.
HGS 07-Dec-22 Interim Dividend – Rs. – 5.0000 RCF 15-Dec-22 Final Dividend – Rs. – 2.5000
ALKALI 08-Dec-22 E.G.M. RCF 15-Dec-22 Interim Dividend – Rs. – 1.6000
APTUS 08-Dec-22 Interim Dividend – Rs. – 2.0000 CLEDUCATE 16-Dec-22 Bonus issue 1:1
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 LANCER 16-Dec-22 Stock  Split From Rs.10/- to Rs.5/-
VALENCIA 12-Dec-22 E.G.M. ORCHIDPHAR 22-Dec-22 E.G.M.
COSMOFIRST 13-Dec-22 Buy Back of Shares PRECWIRE 22-Dec-22 Bonus issue 1:2
TELESYS 14-Dec-22 E.G.M. NATHIND 23-Dec-22 E.G.M.

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