The NIFTY opened at 18089.80 with a gap up of 75 points. The index initially moved up but failed to sustain at the higher levels and saw a sharp intraday decline. The gap was filled quickly and the index fell further to record its intraday low at 17967.45 within the first hour of trading. Prices found support there and then started rising at a slow pace. The index recovered all the losses that came during the day, recorded its intraday high at 18149.25 towards the end of today’s trading session, and finally closed at 18132.30 near its day highs with a gain of 117.70 points or 0.65% up. All the sectoral indices have closed with a gain today except FMCG which ended with a loss of 0.41%. METAL outperformed and led the bulls today by closing more than 4% higher followed by MEDIA, REALTY, and OIL GAS. The short-term trend remained sideways. Support is now visible around 18000 while resistance is now visible around 18300. The short-term trend will be sideways as long as prices are moving within this range. As of now, we should step aside and avoid trading the index. Wait for an adequate setup to emerge. We will plan our trade accordingly.


The BANK NIFTY opened at 42827.75 with a gap up of 180 points. The index tried to move further up but failed to do so. Prices have started a steep fall and recorded its intraday low at 42394.15 within the first hour of trading. The index then started a steady up move which lasted till the end. Prices recorded its intraday high at 42927.20 and finally closed at 42866.60 with a gain of 219 points. PSU BANKS have outperformed today and closed with a gain of 1.29%. PVT BANKS have also seen a sharp intraday rally and closed with a gain of 0.61% Within the index, in terms of points, ICICI BANK contributed the highest on the upside followed by SBIN. It was a volatile day today in the Bank Index. After a gap-up opening, prices saw a sharp fall and then moved higher steadily for the rest of the day. The intraday range was comparatively narrow today. The short-term trend remained sideways as the index is seeing a relief rally after a sharp dedine. The last few days of sharp movement may lead the index to a consolidation process. For the time being, we should avoid trading the index and wait for a clear sense of direction.


LTIM 4390.45 BUY The stock has reversed with the W pattern at the bottom. The stock can be bought at 4411.35 with a stop loss of 4379 and a target of 4473.50.
TITAN 2503.55 BUY The stock has reversed from the bottom. The stock can be bought at 2512.35 with a stop loss of 2500 and a target of 2539.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TCS 3300 CE BUY 69.50 CMP 58 94 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HINDALCO.22.12 Dec 468.95 5.92 0.54 15721875 EXIDEIND.22.12 Dec 178.25 -1.27 0.93 13258800
TATASTEEL.22.12 Dec 111.15 5.91 3.57 122625250 CROMPTON.22.12 Dec 340.55 -1.15 11.31 3676500
INDIGO.22.12 Dec 2027.1 3.49 4.59 1970700 HINDUNILVR.22.12 Dec 2591.4 -1.12 13.11 5439000
ACC.22.12 Dec 2478.25 2.26 2.45 2006000 TRENT.22.12 Dec 1344.2 -0.97 15.11 3876575
ASIANPAINT.22.12 Dec 3118 2.19 5.83 3726200 MCX.22.12 Dec 1561.55 -0.92 1.53 1112400
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
JINDALSTEL.22.12 Dec 574.2 8.38 -9.86 12136250 AMARAJABAT.22.12 Dec 589 -4.64 -4.79 3876000
NATIONALUM.2212Dec 79 6.76 -1.53 37026000 LAURUSLABS.22.12 Dec 375.6 -1.83 -10.76 7062300
IBULHSGFIN.22.12 Dec 149.5 6.56 -16.38 25304000 SUNTV.22.12 Dec 488 -1.12 -4.6 5224500
SAIL.22.12 Dec 80.75 5.28 -15.05 62406000 LALPATHLAB.22.12 Dec 2259.45 -1.09 -10.35 630000
RBLBANK.22.12 Dec 167.1 4.18 -3.58 16975000 CHOLAFIN.22.12 Dec 707.25 -0.79 -7.38 3997500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Torrent Pharma Ltd. 1581.65 0.76 91756 0 78.26 Nifty50 18132.3 0.65 98049
Kotak Mahindra Bank Limi 1820.9 0.41 1548286 0 76.69 Niftybank 42859.5 0.54 97992
Sbi Life Insurance Compa 1241.05 -0.18 471890 0 69.92 Nifty it 28636.25 0.88 97992
Infosys Limited 1514.85 0.83 4860076 0 68.47 India Vix 15.29 -4.02 103593
Hcl Technologies Ltd. 1036.35 0.45 554319 0 67.12 Nifty Fmcg 44559.4 -0.41 97992
Icici Lombard General In 1242.75 0.33 330784 0 65.72 Nifty Pharma 12694.75 0.14 97992
Bharti Airtel Limited 814.8 0.47 1782053 0 62.5 Nifty Realty 425.05 1.25 97992
Hdfc Bank Ltd. 1631.1 0.1 3963386 0 61.62 Nifty Auto 12522.75 0.86 97992
Dabur India Ltd. 573.5 1.31 756651 0 59.86 Nifty Metal 6633.95 4.23 97992
Max Financial Services l 680.85 -0.45 781614 0 58.35 Nifty Financial Services 19011.2 0.44 97992


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

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

 USD: Pending Home Sales (MoM) (Nov) on 28th  December, 2022

USD: ISM Manufacturing PMI (Dec) on 4th  January, 2023


  • Benchmark indices ended higher on December 27 with Nifty above 18,100 amid buying across the sectors barring FMCG.At Close, the Sensex was up 361.01 points or 0.60% at 60,927.43, and the Nifty was up 117.70 points or 0.65% at 18,132.30. About 2504 shares have advanced, 889 shares declined, and 120 shares are unchanged.

  • Ministry of Consumer Affairs, Food and Public Distribution announced 100 percent incentive on sugar sacrificed for producing ethanol from B-heavy molasses, sugarcane juice and syrup on December 26.

  • The public issue of Radiant Cash Management Services continued to see muted response from the launch. It received bids for 1.24 crore shares as against an offer size of 2.74 crore shares, or just about 45 percent subscription till December 27, the final day of bidding.

  • The Indian rupee declined on Tuesday, surrendering the strong gains of the previous session, as importers bought dollars and traders ignored the largely positive sentiment in the broader markets.The rupee fell to 82.8475 per U.S. dollar, compared to its previous close of 82.65.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ALEXANDER Preferential Issue of shares 28-Dec-22 ADITYA General #######
FAMILYCARE Right Issue of Equity Shares 28-Dec-22 BCCL General #######
GENPHARMA General 28-Dec-22 NIBE Preferential Issue of shares;Issue Of Warrants #######
GOWRALE General 28-Dec-22 NIHARINF Preferential Issue of shares;General #######
INDOASIAF General 28-Dec-22 SUPRAP General #######
KRRAIL Preferential Issue of shares;Issue Of Warrants;General 28-Dec-22 COASTCORP Right Issue of Equity Shares;General 02-Jan-23
NMSRESRC General 28-Dec-22 INVENTURE Rights Issue;General 02-Jan-23
OZONEWORLD General 28-Dec-22 SANGHIIND General 02-Jan-23
SECURCRED General 28-Dec-22 BRANDBUCKT General 03-Jan-23
SHYMINV General 28-Dec-22 KARNAVATI Stock  Split 03-Jan-23
SSWRL General 28-Dec-22 TOKYOFIN General 03-Jan-23
SURYAKR General 28-Dec-22 VIVANTA Preferential Issue of shares;General 03-Jan-23
UNISTRMU General 28-Dec-22 AMITINT Quarterly Results 04-Jan-23
AFEL Rights Issue;General 29-Dec-22 IRB Stock  Split 04-Jan-23
AMARSEC Quarterly Results 29-Dec-22 KCDGROUP Increase in Authorised Capital;Stock  Split;General 04-Jan-23
JAYATMA Scheme of Arrangement;General 29-Dec-22 KPEL Stock  Split;General 05-Jan-23
PURVA General 29-Dec-22 SUPREMEINF Quarterly Results;General 05-Jan-23
RGRL Increase in Authorised Capital;Preferential Issue of shares;General 29-Dec-22 SYMBIOX Right Issue of Equity Shares;Rights Issue 05-Jan-23
ROJL Bonus issue;Stock  Split 29-Dec-22 VISHWARAJ General 05-Jan-23
DHRUVCA Increase in Authorised Capital;Preferential Issue of shares 30-Dec-22 INOXGREEN General 06-Jan-23
FLFL Quarterly Results;General 30-Dec-22 MIRCH Increase in Authorised Capital;Issue Of Warrants;General 07-Jan-23
GGL General 30-Dec-22 BAZELINTER Employees Stock Option Plan;Increase in Authorised Capital;Preferential Issue of shares;General 11-Jan-23
INDOUS General 30-Dec-22 HCLTECH Interim Dividend;Quarterly Results 12-Jan-23
MANORG General 30-Dec-22 INFY* Quarterly Results 12-Jan-23
NARPROP General 30-Dec-22 WIPRO Interim Dividend;Quarterly Results 13-Jan-23
VIKASWSP Audited Results 30-Dec-22 HDFCBANK Quarterly Results 14-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADVAIT 28-Dec-22 Bonus issue 1:1 GMPL 04-Jan-23 Bonus issue 6:1
ADVANIHOTR 29-Dec-22 Interim Dividend – Rs. – 2.0000 SECURCRED 04-Jan-23 Bonus issue 3:1
SICAL 29-Dec-22 Resolution Plan -Suspension SPLPETRO 05-Jan-23 Stock  Split From Rs.4/- to Rs.2/-
TIIL 29-Dec-22 Buy Back of Shares GLCL 06-Jan-23 Bonus issue 1:1
NAYSAA 30-Dec-22 Bonus issue 15:10 JAGRAN 06-Jan-23 Buy Back of Shares
RAJPALAYAM 30-Dec-22 Right Issue of Equity Shares OMKAR 09-Jan-23 E.G.M.
SMLT 30-Dec-22 Interim Dividend – Rs. – 1.0000 VIVANTA 09-Jan-23 E.G.M.
TIPSINDLTD 30-Dec-22 Buy Back of Shares SOFTSOL 13-Jan-23 Buy Back of Shares
VISAGAR 30-Dec-22 Right Issue of Equity Shares VISHNU 13-Jan-23 Stock  Split From Rs.10/- to Rs.2/-
TIJARIA 02-Jan-23 E.G.M. KPIGREEN 18-Jan-23 Bonus issue 1:1
SHRIRAMFIN 03-Jan-23 Interim Dividend – Rs. – 15.0000 HCLTECH 19-Jan-23 Interim Dividend

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