The NIFTY opened at 20808.90 with a big gap up of 122 points. The index initially moved lower for the first five minutes of trading but soon found support and bounced up. Prices have recorded its intraday low at 20711.15 and saw a modest upside rally. That rally found resistance and prices again turned down towards the early morning lows. The index found support there and again rallied to record its intraday high at 20864.05. Prices have finally closed at 20855.10 near its day’s high with a gain of 168.30 points or 0.81% up. METAL outperformed and led the bulls by closing over 3% followed by OIL GAS and BANK. MEDIA and IT underperformed and ended with a loss of over half percent followed by REALTY and FMCG. Support is visible around 20300 while there is no visible resistance as the index is moving in uncharted territory. We should look for buying only as far as prices are moving above 20300 support.


The BANK NIFTY opened at 46895.90 with a big gap up of 450 points. The index initially moved down for the first five minutes of trading and then started moving higher after recording its intraday low at 46653.65. Prices could not move much higher and saw a sharp dip after recording its intraday high at 47230.55. That dip found support near the early morning lows and prices then moved sideways for the rest of the day. Prices finally closed at 46968.95 with a gain of 523 points. PSU and PVT BANKs both indices have performed almost the same, saw a sharp upside move, and closed with a gain of 1.41% & 1.18% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. The trend is very strong on the upside as the index has been recording lifetime new highs. Support is now visible around 46300 while there is no visible resistance as prices are trading in uncharted territory. We should look for buying only as far as prices are staying above 46300 support.


ABFRL 240.40 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 241.90 with a stop loss of 236.60 and a target of 252.55.
SBI CARD 748.10 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 746.05 with a stop loss of 751.00 and a target of 736.15.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INDUSIND BANK  1500 CE BUY 39.50 CMP 37.95 54.85 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIENT.23.12 Dec 2975.75 16.79 1.19 11206500 ICICIPRULI.23.12 Dec 547.25 -3.5 16.18 11473500
ADANIPORTS.23.12 Dec 1016.9 15.25 0.14 51893600 M&MFIN.23.12 Dec 268.85 -3.33 15.72 31232000
AMBUJACEM.23.12 Dec 511.95 7.42 3.82 54624600 HINDUNILVR.23.12 Dec 2575.9 -1.66 0.46 8867100
POWERGRID.23.12 Dec 223.45 4.22 5.4 84276000 SYNGENE.23.12 Dec 736.45 -1.64 2.9 5044000
NTPC.23.12 Dec 286.65 3.76 3.5 100677000 HCLTECH.23.12 Dec 1322.95 -1.64 3.3 12142900
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ACC.23.12 Dec 2192.3 7.89 -5.22 4443000 ZEEL.23.12 Dec 252.55 -2.07 -2.3 1.2E+08
ABB.23.12 Dec 4863.1 4.31 -0.31 1119375 MANAPPURAM.2312Dec 165.6 -1.78 -1.01 66972000
MCX.23.12 Dec 3204.5 3.19 -3.23 2311200 LICHSGFIN.23.12 Dec 501 -1.72 -1.66 21752000
IDFCFIRSTB.23.12 Dec 89.35 2.41 -0.1 256935000 MUTHOOTFIN.23.12 Dec 1430.05 -1.63 -0.71 6445450
TRENT.23.12 Dec 2892.75 2.12 -1.3 3030000 SHRIRAMFIN.23.12 Dec 2076.65 -1.55 -2.78 6638700

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Reliance Industries Ltd 2437.75 0.73 6346812 0 0 Nifty50 20855.1 0.81 57527829
Larsen & Toubro Limited 3315.45 0.06 1659309 0 0 Niftybank 47012.25 1.25 25494698
Itc Ltd. 451.75 -0.51 12136292 0 0 Nifty it 32479.15 -0.57 883547
Hindustan Unilever Ltd 2563.25 -1.5 3108717 0 0 India Vix 13.46 3.62 891773863
State Bank Of India 608.25 2.28 36430152 0 0 Nifty Fmcg 54110.9 -0.23 539778
Tata Communications Ltd. 1678.75 0.96 621734 0 0 Nifty Pharma 16229.65 0.01 73783755
Grasim Ind Ltd. 2072.35 0.94 559168 0 0 Nifty Realty 734.35 -0.46 1624234452
Cipla Ltd 1224.45 0.65 2132150 0 0 Nifty Auto 17792.1 0.59 67388974
Tata Consumer Products l 950.05 0.36 792716 0 0 Nifty Metal 7423.4 3.07 162629671
Ambuja Cements Ltd 509.05 7.27 22838581 0 0 Nifty Financial Services 21055.8 0.92 8270805

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 8th December, 2023

INR: Interest Rate Decision on 8th December, 2023

USD: ADP Nonfarm Employment Change (Nov) on 6th December, 2023

USD: Crude Oil Inventories on 6th December, 2023

News Updates

  • Benchmark indices ended higher for the sixth consecutive session on December 5 with Nifty around 20,850. At close, the Sensex was up 431.02 points or 0.63 percent at 69,296.14, and the Nifty was up 168.30 points or 0.81 percent at 20,855.10. About 1611 shares advanced, 1833 shares declined, and 99 shares unchanged.

  • Billionaire Anil Agarwal-led Vedanta Resources will sign a $1.2 billion loan agreement with a clutch of global private credit funds next week as it looks to partly repay $3.2 billion of bonds maturing in 2024 and 2025, said people aware of the matter.

  • With the likely block sale in Honasa Consumer, Fireside Ventures has booked a massive 4,500 percent profit on its investment in Mamaearth parent. The firm had bought shares at mere Rs 7.33 apiece, as per the IPO prospectus. During Honasa’s public offering, Fireside Ventures had sold 79.7 lakh shares at issue price of Rs 324. This was followed by a likely block deal of 62.9 lakh shares at an average of Rs 352 on December 5. The venture capital firm still holds over 1.81 crore shares or 5.5 percent stake in the company.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
EFCIL Preferential Issue of shares 06-Dec-23 OBCL General 08-Dec-23
HAZOOR General 06-Dec-23 RAPIDIN General 08-Dec-23
HINDZINC Interim Dividend 06-Dec-23 RNAVAL Quarterly Results;General 08-Dec-23
MESCON Audited Results;A.G.M. 06-Dec-23 SMGOLD Right Issue of Equity Shares 08-Dec-23
MPL General 06-Dec-23 SPICEJET Quarterly Results 08-Dec-23
PIFL General 06-Dec-23 VSL Right Issue of Equity Shares 08-Dec-23
RMCL Quarterly Results;General 06-Dec-23 WARDINMOBI General 08-Dec-23
TANVI Employees Stock Option Plan;A.G.M.;General 06-Dec-23 BALKRISHNA General 09-Dec-23
TRIVENIENT Increase in Authorised Capital;General 06-Dec-23 EMMESSA Quarterly Results 09-Dec-23
DGL Half Yearly Results 07-Dec-23 JCTLTD Quarterly Results 09-Dec-23
DOLPHINOFF Stock  Split 07-Dec-23 KANANIIND Increase in Authorised Capital;Bonus issue;General 09-Dec-23
GATECH Right Issue of Equity Shares;General 07-Dec-23 NUWAY Quarterly Results 10-Dec-23
KKSHL Half Yearly Results 07-Dec-23 9FFSL23 Quarterly Results 11-Dec-23
LANCER General 07-Dec-23 DYNAMICP General 11-Dec-23
BRAHMINFRA Quarterly Results 08-Dec-23 ENBETRD General 11-Dec-23
CUPIDTR Quarterly Results 08-Dec-23 KAMADGIRI General 11-Dec-23
DCBBANK Preferential Issue of shares 08-Dec-23 LASTMILE Issue Of Warrants;Preferential Issue of shares 11-Dec-23
GICRE General 08-Dec-23 NMSRESRC General 11-Dec-23
INDITALIA A.G.M. 08-Dec-23 PRATIKSH General 11-Dec-23
KEYFINSER Reduction of Capital 08-Dec-23 SOMICONV General 11-Dec-23
LLOYDSME General 08-Dec-23 STML Issue Of Warrants;General 11-Dec-23
MUFIN General 08-Dec-23 TDSL General 11-Dec-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SCL 06-Dec-23 E.G.M. SONATSOFTW 12-Dec-23 Bonus issue 1:1
ASITCFIN 07-Dec-23 Right Issue of Equity Shares RCF 13-Dec-23 Final Dividend – Rs. – 3.7000
DHYAANI 07-Dec-23 Bonus issue 9:5 FORINTL 14-Dec-23 E.G.M.
POOJAENT 08-Dec-23 Bonus issue 6:1 HINDZINC 14-Dec-23 Interim Dividend
STEELXIND 11-Dec-23 E.G.M. TPHQ 14-Dec-23 Stock  Split From Rs.10/- to Rs.1/-
SUDIN 11-Dec-23 Stock  Split From Rs.10/- to Rs.5/- PML 18-Dec-23 Bonus issue 2:1
BPCL 12-Dec-23 Interim Dividend – Rs. – 21.0000 FRANKLININD 21-Dec-23 E.G.M.
RHL 12-Dec-23 E.G.M. GENNEX 22-Dec-23 E.G.M.
SAFARIND 12-Dec-23 Bonus issue 1:1 KLRFM 22-Dec-23 Dividend – Rs. – 2.0000
SIS 12-Dec-23 Buy Back of Shares RAWEDGE 22-Dec-23 E.G.M.

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