The NIFTY opened at 20194.10 with a gap up of 61 points. The index continued its prevailing up move and started moving higher from its opening tick. Prices recorded its intraday low at 20183.70, just below the opening tick, moved up, and found resistance in the afternoon. The index then started a consolidation process. That range-bound session lasted till the end and prices have recorded its intraday high at 20291.55. The index finally closed at 20267.90 near its day’s high with a gain of 134.75 points or 0.67% up. All the sectoral indices have rallied and closed higher except for AUTO which ended with a loss of 0.36%. MEDIA led the bulls and ended with a gain of 2.57% followed by FMCG and REALTY. The short-term trend is up and there is no doubt about it as prices are making a bullish pattern of higher highs and higher lows. The index recorded lifetime new highs at 20291.55. Support is visible around 19850 while there is no visible resistance as the index is moving in uncharted territory.


The BANK NIFTY opened at 44580.15 with a gap up of 114 points. The index continued its early morning bullish momentum and saw a sharp rally. The index then found resistance and started a consolidation process. That range-bound session lasted till the end. Prices first recorded its intraday low at 44531.75, then its intraday high at 44951.10, and finally closed at 44815.70 with a gain of 349 points. PSU BANK has outperformed, saw a sharp upside move, and ended with a gain of 1.86%. PVT BANK has also moved up and ended with a gain of 0.61%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is up. We have been tracking support around 43800 and resistance around 44800. The index crossed above the 43800 resistance but could not move further up and ended around the 44800 resistance.


ICICI BANK 946.70 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 946.70 with a stop loss of 952.00 and a target of 996.50.
RBL BANK 233.10 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 232.45 with a stop loss of 235.20 and a target of 226.80.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DIVIS LAB  3800 CE BUY 112.00 CMP 94.00 150.00 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PFC.23.12 Dec 368.05 10.08 378.87 53033250 MUTHOOTFIN.23.12 Dec 1424.7 -3.48 801.49 6668750
RECLTD.23.12 Dec 376.85 8.43 301.46 42298000 ASHOKLEY.23.12 Dec 176.55 -3.39 302.27 78060000
DIXON.23.12 Dec 5989.2 8.37 638.89 1377300 TATACOMM.23.12 Dec 1663.2 -2.29 284.26 8117500
ZEEL.23.12 Dec 268.5 6.25 784.41 111780000 MCX.23.12 Dec 3142.6 -1.78 382.13 2277600
CANFINHOME.23.12 Dec 819.45 4.96 329.17 4619550 HEROMOTOCO.23.12Dec 3759.8 -1.41 156.88 3622800
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IBULHSGFIN.23.12 Dec 204.3 5.42 -11.93 39795300
ONGC.23.12 Dec 196.05 0.82 -12.71 42511700

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Vedanta Limited 239.4 2.59 9817732 15863555 83.33 Nifty50 20267.9 0.67 47689538
Dalmia Bharat Limited 2265.15 2.15 354401 2290116 83.17 Niftybank 44814.2 0.75 21566661
Oberoi Realty Limited 1415.05 1.01 807914 4171608 82.53 Nifty it 32598.7 0.05 602161
Power Grid Corporation o 210.2 0.6 20719909 49063109 81.29 India Vix 12.38 -2.44 769543022
Astral Limited 1978.45 1.47 790565 1162543 80.66 Nifty Fmcg 53851.45 1.58 460945
Reliance Industries Ltd 2394.3 0.71 7171421 11370920 79.96 Nifty Pharma 16257.05 0.11 59263349
Cholamandalam Investment 1128.2 0.96 1040604 3312409 79.77 Nifty Realty 723.05 1.32 1334211158
Oracle Fin Serv Soft Ltd 4043.3 0.81 47294 633915 79.49 Nifty Auto 17489.05 -0.36 55014238
Colgate Palmolive (india 2279.25 3.78 637907 1862923 79.27 Nifty Metal 7087 0.99 136210707
Cummins India Limited 1920.2 0.58 326619 1038501 78.4 Nifty Financial Services 20211 0.78 5584534

Upcoming Economic Data

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

INR: Interest Rate Decision on 8th December, 2023

USD: Services PMI (Nov) on 5th December, 2023

USD: JOLTs Job Openings (Oct) on 5th December, 2023

News Updates

  • Benchmark indices ended higher for the fourth consecutive session on December 1 with Nifty above 20,250. At close, the Sensex was up 492.75 points or 0.74 percent at 67,481.19, and the Nifty was up 134.70 points or 0.67 percent at 20,267.90. About 2041 shares advanced, 1566 shares declined, and 132 shares unchanged.

  • The government’s Goods and Services Tax (GST) collections climbed 15 percent year-on-year in November to Rs 1.68 lakh crore, the Ministry of Finance said on December 1. At Rs 1.68 lakh crore, the November GST collections is 2 percent lower than the Rs 1.72 lakh crore collected in October.

  • Oil prices slumped more than 2% on Friday on investor skepticism about the depth of OPEC+ supply cuts and concern about sluggish global manufacturing activity. Brent crude futures for February settled down $1.98, or 2.45%, at $78.88 a barrel.U.S. West Texas Intermediate crude futures (WTI) dropped $1.89, or 2.49%, to $74.07 a barrel.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ATHENAGLO Issue Of Warrants 04-Dec-23 SBLI General;Half Yearly Results 05-Dec-23
BASML General 04-Dec-23 SHAH Issue Of Warrants;General;Preferential Issue of shares 05-Dec-23
GANGAPHARM Issue Of Warrants;Preferential Issue of shares 04-Dec-23 MPL General 06-Dec-23
HINDBIO General 04-Dec-23 RMCL General;Quarterly Results 06-Dec-23
KDL General 04-Dec-23 DOLPHINOFF Stock  Split 07-Dec-23
LASTMILE Issue Of Warrants;Preferential Issue of shares 04-Dec-23 LANCER General 07-Dec-23
SSLFINANCE Increase in Authorised Capital;General 04-Dec-23 KEYFINSER Reduction of Capital 08-Dec-23
STML Issue Of Warrants;General 04-Dec-23 RNAVAL General;Quarterly Results 08-Dec-23
SVPGLOB A.G.M. 04-Dec-23 WARDINMOBI General 08-Dec-23
GANESHBE General 05-Dec-23 EMMESSA Quarterly Results 09-Dec-23
INNOVATIVE General 05-Dec-23 GROWINGTON General;Stock  Split 13-Dec-23
JTAPARIA General 05-Dec-23 AKSHAR Interim Dividend;Bonus issue;Buy Back of Shares 15-Dec-23
MODULEX Quarterly Results 05-Dec-23 METALFORGE Quarterly Results 15-Dec-23
SBC Bonus issue;General 05-Dec-23 STL Increase in Authorised Capital;Bonus issue 21-Dec-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
JYOTISTRUC 04-Dec-23 E.G.M. RHL 12-Dec-23 E.G.M.
PANCHSHEEL 04-Dec-23 Interim Dividend – Rs. – 0.8000 SAFARIND 12-Dec-23 Bonus issue 1:1
BOROLTD 05-Dec-23 Spin Off SIS 12-Dec-23 Buy Back of Shares
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 TPHQ 14-Dec-23 Stock  Split From Rs.10/- to Rs.1/-
SUDIN 11-Dec-23 Stock  Split From Rs.10/- to Rs.5/- KLRFM 22-Dec-23 Dividend – Rs. – 2.0000
BPCL 12-Dec-23 Interim Dividend – Rs. – 21.0000 RAWEDGE 22-Dec-23 E.G.M.

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