the NIFTY opened at 17977.65 with a big gap down of 150 points. The index initially consolidated by soon broke on the downside after recording its intraday high at 18050.45. Prices started a down move which lasted till the end. Minor dips in between are used to create fresh short positions and add to the existing ones. The index recorded its intraday low at 17779.50 and finally closed at 17806.80 near its day lows with a loss of 320.55 points or 1.77% down. All the sectoral indices have closed with a loss today. METAL and MEDIA led the bears today by closing more than 4% lower followed by OIL GAS and REALTY which ended with a loss of over 3%. On the weekly timeframe chart, the NIFTY dosed lower for the third continuous week. The index erased 50% of gains that came in the last up from the last two months of a rally. The index has broken down its strong support around 18000 and is now heading towards the next support which is visible around 17500. Volatility is high now as the INDIA VIX again rose today and is now moving above level 16. As of now, we should step aside and avoid trading the index.


The BANK NIFTY opened at 41951.35 with a big gap down of 406 points. Prices continued its bearish momentum and continued moving lower after recording its intraday high at 42226.65. The decline continued for the whole day with minor dips in between and the index recorded its intraday low at 41597.65. Prices have finally closed at 41669.15 with a loss of 688 points. PSU BANKS have significantly underperformed today and closed with a loss of 6.06%. PVT BANKS have also seen a sharp intraday decline and closed with a loss of 1.81% respectively. Within the index, in terms of points, SBIN contributed the highest on the downside followed by ICICI BANK It was again a trend day today on the downside, where prices recorded its intraday high near the opening tick and intraday low near the closing tick. It was the third day when the index recorded a downtrend day. Our recommendation, step aside and avoid trading the index continues. We should wait for the decline to take a pause and also for the volatility to subsidize. We will plan our trade afterwards.


ZYDUS LIFE 420.30 BUY The stock has reversed with the W pattern at the bottom. The stock can be bought at 422 with a stop loss of 414 and a target of 444.
MCX 1577.70 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold at 1531 with a stop loss of 1553 and a target of 1480.


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
TORNTPHARM.22.12 Dec 1567.85 -1.5 0.58 1745000
ABBOTINDIA.22.12 Dec 21822.05 -0.02 3.9 38400
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GRANULES.22.12 Dec 328.8 0.27 -3.65 6390000 INDIACEM.22.12 Dec 198 -9.51 -5.61 13224000
DIVISLAB.22.12 Dec 3500 0.26 -17.39 1915650 IBULHSGFIN.22.12 Dec 130.6 -9.24 -4.27 30824000
SYNGENE.22.12 Dec 578.35 0.23 -14.52 1366000 AMBUJACEM.22.12 Dec 492.35 -7.93 -11.48 57371400
PNB.22.12 Dec 49.85 -7.51 -15.7 105792000
DELTACORP.22.12 Dec 193.05 -7.48 -9.26 12061200


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Samvardhana Motherson 66.9 -3.04 25284532 16020133 78.47 Nifty50 17806.8 -1.77 31407118
Colgate Palmolive (india 1567.6 -1.17 396239 291364 73.69 Niftybank 41668.05 -1.75 13432059
Sbi Life Insurance Compa 1224.6 -1.62 877135 579018 71.05 Nifty it 28237.05 -1.83 902473
Hdfc Ltd. 2623.05 -0.81 3137007 2363476 70.96 India Vix 16.16 6.39 3.52E+08
Hindustan Unilever Ltd 2621.1 -0.92 1189702 777024 70.07 Nifty Fmcg 44314.9 -1.71 348489
Hdfc Life Insurance Comp 565.45 -2.15 3234932 2229334 68.56 Nifty Pharma 12784.45 -0.84 43653092
Hdfc Bank Ltd. 1597.65 -0.89 5346576 3205816 66.54 Nifty Realty 409.85 -3.45 1.35E+09
Kotak Mahindra Bank Limi 1821.95 -0.22 2102126 1203568 65.25 Nifty Auto 12236 -2.54 45548589
Larsen & Toubro Limited 2062.75 -2.24 2026125 1269811 64.7 Nifty Metal 6228 -4.47 88655518
Icici Lombard General In 1223.6 -1.3 824353 573262 64.69 Nifty Financial Services 18595.6 -1.39 3439019


   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 lower for the fourth consecutive session on December 23 with Nifty around 17,800.At Close, the Sensex was down 980.93 points or 1.61% at 59,845.29, and the Nifty was down 320.50 points or 1.77% at 17,806.80. About 468 shares have advanced, 3018 shares declined, and 61 shares are unchanged.


  • stocks like Interglobe Aviation, Indian Hotels, Lemon Tree, Devyani International, Jubilant Foodworks, PVR and Inox fell between 2-5 percent as India stepped up measures to curb a fresh wave of infections as large gatherings are expected during Christmas and new year celebrations.


  • RIL’s subsidiary Reliance Retail Ventures Ltd (RRVL) on December 22 announced the acquisition of Metro Cash and Carry India Pvt. Ltd after signing definitive agreements to acquire 100 percent of the unit for a cash consideration of Rs 2,850 crore.


  • A Covid surge in China risks causing a shortage of active pharma ingredients and increase prices in India as domestic drugmakers source bulk of their requirement from the neighbouring nation. Indian companies are paying 12-25% higher prices for APIs like paracetamol, azithromycin, amoxicillin, and potassium clavulanate in the past few days, according to Sudarshan Jain, secretary general at Indian


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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
CENTRALBK General 26-Dec-22 RGRL Increase in Authorised Capital;General;Preferential Issue of shares 29-Dec-22
CHEMOPH General 26-Dec-22 ROJL Bonus issue;Stock  Split 29-Dec-22
CRSTCHM General 26-Dec-22 GGL General 30-Dec-22
DHRUVCA Increase in Authorised Capital;Preferential Issue of shares 26-Dec-22 ADITYA General 31-Dec-22
ENERGYDEV General 26-Dec-22 COASTCORP Right Issue of Equity Shares;General 02-Jan-23
KAPILRAJ General;Preferential Issue of shares 26-Dec-22 INVENTURE General;Rights Issue 02-Jan-23
KUNSTOFF General 26-Dec-22 SANGHIIND General 02-Jan-23
RMCL General 26-Dec-22 KARNAVATI Stock  Split 03-Jan-23
SHAREINDIA General 26-Dec-22 IRB Stock  Split 04-Jan-23
SJCORP General 26-Dec-22 KPEL General;Stock  Split 05-Jan-23
YASHPAKKA General 26-Dec-22 SUPREMEINF General;Quarterly Results 05-Jan-23
ARCFIN Right Issue of Equity Shares;Rights Issue 27-Dec-22 INOXGREEN General 06-Jan-23
ASAHIINDIA General 27-Dec-22 HCLTECH Interim Dividend;Quarterly Results 12-Jan-23
ASHNI General 27-Dec-22 INFY* Quarterly Results 12-Jan-23
INDOWIND Right Issue of Equity Shares 27-Dec-22 HDFCBANK Quarterly Results 14-Jan-23
KESARPE General 27-Dec-22 KSOLVES Quarterly Results 15-Jan-23
MODCL General 27-Dec-22 MPHASIS Quarterly Results 19-Jan-23
SEPC Right Issue of Equity Shares;General 27-Dec-22 COFORGE Interim Dividend;Quarterly Results 20-Jan-23
ALEXANDER Preferential Issue of shares 28-Dec-22 JSWSTEEL Quarterly Results 20-Jan-23
CGCL Right Issue of Equity Shares 28-Dec-22 NRAGRINDQ Quarterly Results 23-Jan-23
GENPHARMA General 28-Dec-22 TTKPRESTIG Quarterly Results 31-Jan-23
GOWRALE General 28-Dec-22 UTIAMC General;Quarterly Results 01-Feb-23
KRRAIL Issue Of Warrants;General;Preferential Issue of shares 28-Dec-22 ABB A.G.M.;Audited Results;Dividend;Quarterly Results 10-Feb-23
SSWRL General 28-Dec-22 BOSCHLTD Quarterly Results 14-Feb-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ECLERX 26-Dec-22 Buy Back of Shares VISAGAR 30-Dec-22 Right Issue of Equity Shares
SECURCRED 26-Dec-22 Bonus issue 3:1 TIJARIA 02-Jan-23 E.G.M.
FILATEX 27-Dec-22 Stock  Split From Rs.2/- to Rs.1/- SHRIRAMFIN 03-Jan-23 Interim Dividend
ADVAIT 28-Dec-22 Bonus issue 1:1 SPLPETRO 05-Jan-23 Stock  Split From Rs.4/- to Rs.2/-
ADVANIHOTR 29-Dec-22 Interim Dividend – Rs. – 2.0000 GLCL 06-Jan-23 Bonus issue 1:1
SICAL 29-Dec-22 Resolution Plan -Suspension OMKAR 09-Jan-23 E.G.M.
TIIL 29-Dec-22 Buy Back of Shares VIVANTA 09-Jan-23 E.G.M.
NAYSAA 30-Dec-22 Bonus issue 15:10 SOFTSOL 13-Jan-23 Buy Back of Shares
RAJPALAYAM 30-Dec-22 Right Issue of Equity Shares VISHNU 13-Jan-23 Stock  Split From Rs.10/- to Rs.2/-
SMLT 30-Dec-22 Interim Dividend – Rs. – 1.0000 KPIGREEN 18-Jan-23 Bonus issue 1:1
TIPSINDLTD 30-Dec-22 Buy Back of Shares HCLTECH 19-Jan-23 Interim Dividend

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