The NIFTY opened at 18662.40 with a gap up of 53 points. Prices started drifting downward after the opening tick, filled the gap, and then started a consolidation process. The index broke on the downside. Prices went down and then a gain formed a trading range which eventually a gain broke on the downside. The index has seen a sharp decline and then a sharp recovery in the last hour of trading. Prices have recorded its intraday high at 18664.70 and intraday low at 18410.10. The index finally closed at 18496.60 with a loss of 112.75 points or 0.61% down. IT underperformed today by ending with over 3% loss followed by METAL, REALTY, and OIL GAS which ended with a loss of more than 1%. FMCG outperformed today and closed with a gain of 0.86%. The short-term trend is sideways now which was up before. The last few days of narrow range broke on the downside. However, we have a strong support zone inside 18300- 18500 which may hold. For the time being, we should avoid trading the index. We should wait for an adequate setup to emerge. Resistance is now visible around the 18700 – 18800 zone.


The BANK NIFTY opened at 43765.30 with a gap up of 136 points. The index initially consolidated and tried to move higher but failed to do so and started drifting downwards after recording its intraday high at 43853.40. The decline becomes sharper in the afternoon session and prices have recorded its intraday low at 43361.70. Recovery came in the late hour of trading and the index finally closed at 43627.50 without much of a change. PSU BANKS have underperformed today and closed with a loss of 1.77%. PVT BANKS have also moved down today but ended with a loss of just 0.15%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AXIS BANK contributed the lowest. Support is now visible around 43000 – 43300 zones while there is no visible resistance as prices are trading in uncharted territory. We should look for buying only as far as prices are trading above the support levels.


SBIN 618.05 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought above 618.05 with a stop loss of 615.70 and a target of 622.70.
DIXON 4103.90 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 4081.50 with a stop loss of 4121 and a target of 4002.


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
CUMMINSIND.2212Dec 1511.35 3.25 35.85 2292000 HCLTECH.22.12 Dec 1032.95 -6.82 19.96 11391800
NESTLEIND.22.12 Dec 20347.35 1.91 2.09 277640 INTELLECT.22.12 Dec 429.95 -5.56 0.36 4866750
COLPAL.22.12 Dec 1666.55 1.08 0.68 2581950 BSOFT.22.12 Dec 310.85 -4.53 1.21 8400600
AUBANK.22.12 Dec 678.1 1.08 7.77 7936000 FSL.22.12 Dec 106.95 -4.3 3.19 16333200
TITAN.22.12 Dec 2631.9 1.02 1.42 6168000 MPHASIS.22.12 Dec 2006.35 -4.1 3.06 2172275
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MARICO.22.12 Dec 526.3 2.37 -4.14 8234400 PERSISTENT.22.12 Dec 3986.3 -3.38 -0.3 443700
GODREJCP.22.12 Dec 927.95 2.37 -2.47 4777000 PEL.22.12 Dec 851.85 -3.06 -2.86 6381100
HINDPETRO.22.12 Dec 241.8 2.24 -3.43 20695500 ABCAPITAL.22.12 Dec 157.15 -3.05 -4.41 31109400
SUNPHARMA.22.12Dec 998.2 1.09 -3.24 15946000 GMR AIRPORTS INFRASTRUCT 43 -2.82 -3.44 142920000
DRREDDY.22.12 Dec 4426.8 0.97 -2.63 1902000 JINDALSTEL.22.12 Dec 549.05 -2.75 -2.59 22890000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2672.1 0.27 2556413 2004793 83.4 Nifty50 18496.6 -0.61 32320977
Hdfc Bank Ltd. 1631.05 0.71 5981692 4469120 73.55 Niftybank 43633.45 0.08 13735292
Metropolis Healthcare Li 1416.9 -0.71 261289 150534 71.92 Nifty it 29168.45 -3.14 1610165
Icici Bank Ltd. 929.9 -0.21 9575331 7070548 71.43 India Vix 13.48 0.6 442256017
Torrent Power Limited 528.65 -2.18 189220 56753 70.64 Nifty Fmcg 46159.5 0.86 474325
Larsen & Toubro Limited 2154.05 -0.63 2573609 1705031 69.37 Nifty Pharma 12774.7 0.36 46972484
Hdfc Life Insurance Comp 579.6 0.36 3243513 2356683 68.79 Nifty Realty 447.55 -1.5 1329811338
Infosys Limited 1569.3 -3.14 8880658 5884957 68.59 Nifty Auto 12869.4 -0.3 46451412
Bata India Ltd. 1679.05 0.2 254358 143655 68.56 Nifty Metal 6681.55 -1.12 89041867
Bosch Limited 17516.8 0.36 71665 32894 68.17 Nifty Financial Services 19290.35 -0.01 3421648


   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Nov) on 12th December, 2022

INR: WPI Inflation (YoY) (Nov) on 14th December, 2022

 USD: CPI (YoY) (Nov) on 13th  December, 2022

USD: Crude Oil Inventories on 14th  December, 2022


  • Indian benchmark indices ended lower on December 9 with Nifty around 18,500.At Close, the Sensex was down 389.01 points or 0.62% at 62,181.67, and the Nifty was down 112.70 points or 0.61% at 18,496.60. About 1199 shares have advanced, 2220 shares declined, and 113 shares are unchanged.

  • (CPI) inflation dropped sharply in October to 6.77 percent thanks to favourable base effect, the decline in inflation in November is expected to be smaller, but driven by both, a favourable base as well as moderating prices.

  • Yes Bank on December 9 said it has received two letters from the Reserve Bank of India pertaining to its deals with CA Basque Investments and Verventa Holdings Limited.The bank plans to engage with the investors to complete its fund raising.

  • Sula Vineyards and Abans Holdings will launch their initial public offering on December 12 with a projected mop-up of Rs 960 crore and Rs 345 crore. Landmark Cars will float its IPO the next day with an aim to raise Rs 552 crore

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ESHAMEDIA A.G.M. 12-Dec-22 RHETAN Increase in Authorised Capital;Bonus issue;Stock  Split;General 21-Dec-22
IYKOTHITE General 12-Dec-22 KSOLVES Quarterly Results 15-Jan-23
JAINCO General 12-Dec-22 COFORGE Interim Dividend;Quarterly Results 20-Jan-23
KAMAHOLD Buy Back of Shares;General 12-Dec-22 AMAL Right Issue of Equity Shares 14-Dec-22
PHOSPHATE Amalgamation;General 12-Dec-22 DIAPOWER Quarterly Results 14-Dec-22
PUNJCOMMU General 12-Dec-22 GLCL Bonus issue 14-Dec-22
RSWM Right Issue of Equity Shares 12-Dec-22 KSERASERA General 14-Dec-22
AMNPLST General 13-Dec-22 MFSINTRCRP Quarterly Results 14-Dec-22
GRANDMA Quarterly Results 13-Dec-22 MKEXIM General 14-Dec-22
WEBSL General 13-Dec-22 SICAPIT General 14-Dec-22
DIAPOWER Quarterly Results 14-Dec-22 TIJARIA General 14-Dec-22
GLCL Bonus issue 14-Dec-22 ZODJRDMKJ General 14-Dec-22
KSERASERA General 14-Dec-22 AANCHALISP General 15-Dec-22
MKEXIM General 14-Dec-22 ANKITMETAL General 15-Dec-22
TIJARIA General 14-Dec-22 ADVANIHOTR Interim Dividend;General 16-Dec-22
ZODJRDMKJ General 14-Dec-22 JAIHINDS General 16-Dec-22
ANKITMETAL General 15-Dec-22 MURUDCERA Issue Of Warrants 16-Dec-22
ADVANIHOTR Interim Dividend;General 16-Dec-22 SHREESEC Stock  Split 16-Dec-22
JAIHINDS General 16-Dec-22 KBSINDIA Stock  Split 17-Dec-22
SHREESEC Stock  Split 16-Dec-22 SBC Buy Back of Shares 19-Dec-22
KBSINDIA Stock  Split 17-Dec-22 PIFL General 21-Dec-22
SBC Buy Back of Shares 19-Dec-22 RHETAN Increase in Authorised Capital;Bonus issue;Stock  Split;General 21-Dec-22
PIFL General 21-Dec-22 KSOLVES Quarterly Results 15-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
VALENCIA 12-Dec-22 E.G.M. LANCER 16-Dec-22 Stock  Split From Rs.10/- to Rs.5/-
COSMOFIRST 13-Dec-22 Buy Back of Shares STARHFL 16-Dec-22 Bonus issue 1:1
ALSTONE 14-Dec-22 Bonus issue 9:1 STARHFL 16-Dec-22 Stock  Split From Rs.10/- to Rs.5/-
ALSTONE 14-Dec-22 Stock  Split From Rs.10/- to Rs.1/- STCORP 16-Dec-22 Stock  Split From Rs.10/- to Rs.2/-
TELESYS 14-Dec-22 E.G.M. SHAWGELTIN 19-Dec-22 Special Dividend – Rs. – 100.0000
BAROEXT 15-Dec-22 E.G.M. SARTHAKIND 20-Dec-22 Bonus issue 1:3
PTC 15-Dec-22 Final Dividend – Rs. – 5.8000 TEXMOPIPES 21-Dec-22 E.G.M.
RCF 15-Dec-22 Final Dividend – Rs. – 2.5000 ORCHIDPHAR 22-Dec-22 E.G.M.
RCF 15-Dec-22 Interim Dividend – Rs. – 1.6000 PRECWIRE 22-Dec-22 Bonus issue 1:2
SUKHJITS 15-Dec-22 Interim Dividend – Rs. – 8.0000 QUINT 22-Dec-22 Right Issue of Equity Shares
APCL 16-Dec-22 Right Issue of Equity Shares LAFFANSQ 23-Dec-22 E.G.M.
CLEDUCATE 16-Dec-22 Bonus issue 1:1 NATHIND 23-Dec-22 E.G.M.
GLOSTERLTD 16-Dec-22 Bonus issue 1:1 SAGARPROD 23-Dec-22 E.G.M.

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