The NIFTY opened at 21110.40 with a big gap up of 184 points. The index continued its early morning bullish momentum and rallied sharply but soon found resistance. Prices saw a minor dip, went into a consolidation, and eventually broke on the upside. A rally began but again found resistance and saw a sharp decline but saw some recovery towards the end. The index first recorded its intraday low at 21074.45 in its initial trades, then its intraday high at 21210.90, and finally closed at 21182.70 near its intraday highs with a gain of 256.35 points or 1.23% up. All the sectoral indices have moved in line with the NIFTY and closed higher except for MEDIA which ended with a loss of 0.38%. The IT and REALTY outperform. A short-term support is also visible around 21000. There is no visible resistance as the index is moving in uncharted territory.


The BANK NIFTY opened at 47567.65 with a big gap up of 443 points. The index continued its early morning bullish momentum and started moving higher from its opening tick. However, soon prices found resistance and then went into a consolidation. That sideways move continued till the end. The index recorded its intraday low at 47510.85, its intraday high at 47943.60, and finally closed at 47737.90 with a gain of 613 points. PVT BANKS have outperformed, saw a sharp upside move, and closed with a gain of 1.46%. PSU BANKs have also moved up, saw a modest rally, and ended with a gain of 0.59%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while BANK BARODA contributed the lowest. The short-term trend is up. The index again recorded lifetime new highs at 47943.60. We have been tracking support around 46500. This support has now shifted upward at 47000 whereas there is no visible resistance as prices are moving in uncharted territory.


GLENMARK PHARMA 829.05 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 831.25 with a stop loss of  831.25 and a target of 849.00.
POWER GRID 232.10 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 231.10 with a stop loss of 233.20 and a target of 226.60.


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
MPHASIS.23.12 Dec 2626.1 7.84 9.47 2209075 MFSL.23.12 Dec 1025 -3.53 8.61 6682400
SAIL.23.12 Dec 111.75 7.35 25.24 171824000 HDFCLIFE.23.12 Dec 685.7 -2.18 13.3 20328000
NAUKRI.23.12 Dec 5177.75 7.02 3.49 1608750 POWERGRID.23.12 Dec 233.5 -1.87 2.72 82670400
INDUSTOWER.23.12 Dec 202.05 6.74 3.88 76398000 PIIND.23.12 Dec 3387 -1.85 15.67 3113500
GODREJPROP.23.12 Dec 2068 6.49 2.47 3610000 ICICIPRULI.23.12 Dec 536.5 -1.79 12.25 13717500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
M&MFIN.23.12 Dec 292.7 7.31 -3.59 29320000 CHAMBLFERT.23.12 Dec 353.5 -2.36 -1.03 13368400
NATIONALUM.23.12 Dec 105.5 6.19 -2.27 72645000 ZEEL.23.12 Dec 279.7 -2 -1.51 1.01E+08
PERSISTENT.23.12 Dec 6877 5.59 -0.25 2153550 JINDALSTEL.23.12 Dec 738.3 -1.77 -3.18 28868750
TECHM.23.12 Dec 1271.3 4.07 -3.12 14345400 TATAPOWER.23.12 Dec 337.35 -0.98 -1.21 99454500
INFY.23.12 Dec 1514 4.06 -4.23 25756400 INDIACEM.23.12 Dec 272 -0.62 -1.91 22176300

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Sbi Life Insurance Compa 1469.85 0.21 2953215 1840589 80.74 Nifty50 21182.7 1.23 71445
Shriram Finance Limited 2118.3 6.16 2384904 1228167 77.02 Niftybank 47732.3 1.36 71445
Dabur India Ltd. 547.45 -0.02 2078199 1224273 75.16 Nifty it 34223.35 3.5 71445
Bata India Ltd. 1652.25 1.17 286247 361565 74.6 India Vix 12.32 2.16 71562
Hindustan Unilever Ltd 2516.35 0.18 2166569 1123351 74.24 Nifty Fmcg 54361.45 0.27 71445
Bharti Airtel Limited 1005.2 0.53 6541673 3061370 73.71 Nifty Pharma 16155.7 0.08 71445
Tata Consumer Products l 950.45 -0.72 1980762 657849 73.11 Nifty Realty 772.55 3.88 71445
Idfc Limited 123.2 0.74 4740309 4580779 71.62 Nifty Auto 18045.05 0.71 71445
Indraprastha Gas Limited 398.25 0.66 1328010 1505951 71.25 Nifty Metal 7574.25 0.61 71445
Marico Limited 538.05 -0.32 839848 1386081 71.12 Nifty Financial Services 21461.25 1.37 71445

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 15th December, 2023

INR: Thomson Reuters IPSOS PCSI (MoM) (Dec) on 15th December, 2023

USD: Services PMI (Dec) on 15th December, 2023

USD: Existing Home Sales (Nov) on 20th December, 2023

News Updates

  • Bulls drive Sensex 929 pts higher, Nifty ends above 21,150; IT, realty stocks top leaders. The US Federal Reserve’s dovish forecast for 2024, which tabled multiple rate cuts starting in the new year cheered investors. At close,the Sensex was up 929.60 points or 1.34 percent at 70,514.20, and the Nifty was up 256.40 points or 1.23 percent at 21,182.70. The market breadth was in favour of gainers as around1,851 shares advanced, 1,363 shares declined, and 86 shares unchanged.

  • Oil demand growth in the key Asian market of India is set to slow next year as the spurt in consumption that followed the pandemic fades, echoing a slowdown in China and presenting a fresh headwind for prices.

  • Gautam Adani’s copper plant in India next year will spur a sharp rise in imports of concentrate, further tightening the global supply of ore on which smelters rely. The Kutch Copper Ltd. facility, with initial capacity of 500,000 tons a year, is slated to come online in March, boosting the country’s potential production of the metal by 80%. Its launch will coincide with a dramatic drop in the availability of ore after the closure of a major mine in Panama and drastic cuts at operations owned by Anglo American Plc..

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AKSHAR Interim Dividend;Bonus issue;Buy Back of Shares 15-Dec-23 ALEXANDER Preferential Issue of shares;General 18-Dec-23
ANMOL General 15-Dec-23 ALMONDZ General 18-Dec-23
BMBMUMG General 15-Dec-23 ARROWHEAD Half Yearly Results 18-Dec-23
DARSHANORNA Right Issue of Equity Shares 15-Dec-23 BLUECLOUDS General 18-Dec-23
DEVIT Preferential Issue of shares;General 15-Dec-23 BRANDBUCKT Preferential Issue of shares;General 18-Dec-23
FISCHER Increase in Authorised Capital;Preferential Issue of shares;General 15-Dec-23 COMRADE Preferential Issue of shares 18-Dec-23
GANDHAR Quarterly Results 15-Dec-23 ENERGYDEV Quarterly Results;General 18-Dec-23
GREENPOWER Right Issue of Equity Shares 15-Dec-23 JTLIND Issue Of Warrants 18-Dec-23
KABRADG General 15-Dec-23 LWSKNIT Right Issue of Equity Shares;General 18-Dec-23
MERCURYEV Preferential Issue of shares;General 15-Dec-23 PANORAMA Preferential Issue of shares 18-Dec-23
METALFORGE Quarterly Results 15-Dec-23 PARACABLES Preferential Issue of shares 18-Dec-23
MISQUITA Issue Of Warrants;Preferential Issue of shares 15-Dec-23 SANDUMA Bonus issue 18-Dec-23
PRIMEFRESH General 15-Dec-23 SENINFO General 18-Dec-23
ROJL Right Issue of Equity Shares 15-Dec-23 VEDL Interim Dividend 18-Dec-23
TRIMURTHI Quarterly Results;General 15-Dec-23 ZWELCAST Voluntary Delisting of Shares 18-Dec-23
CITL Preferential Issue of shares;General 16-Dec-23 ENBETRD General 19-Dec-23
FREDUN General 16-Dec-23 EVERTEX General 19-Dec-23
GUJINJEC Preferential Issue of shares 16-Dec-23 SIELFNS General 19-Dec-23
NMSRESRC General 16-Dec-23 TIHIL General 19-Dec-23
PCBL General 16-Dec-23 BLUECHIPT General 20-Dec-23
TAHMARENT General 16-Dec-23 FLAIR Quarterly Results 20-Dec-23
ADITYA General 18-Dec-23 JMJFIN General 20-Dec-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ASITCFIN 15-Dec-23 Right Issue of Equity Shares GENNEX 22-Dec-23 E.G.M.
SOMANYCERA 15-Dec-23 Buy Back of Shares KLRFM 22-Dec-23 Dividend – Rs. – 2.0000
IFL 18-Dec-23 Bonus issue 1:10 PGCRL 22-Dec-23 E.G.M.
EASEMYTRIP 19-Dec-23 Interim Dividend – Rs. – 0.1000 RAWEDGE 22-Dec-23 E.G.M.
INDINFR 19-Dec-23 Income Distribution (InvIT) RSYSTEMINT 22-Dec-23 Interim Dividend – Rs. – 6.8000
PML 19-Dec-23 Bonus issue 2:1 SMAUTO 22-Dec-23 Buy Back of Shares
FRANKLININD 21-Dec-23 E.G.M. SMLT 22-Dec-23 Interim Dividend – Rs. – 1.0000
ALPHALOGIC 22-Dec-23 Bonus issue 1:3 NMSRESRC 27-Dec-23 E.G.M.
AXITA 22-Dec-23 Bonus issue 1:3 VEDL 27-Dec-23 Interim Dividend
CMBL 22-Dec-23 E.G.M. CMMHOSP 28-Dec-23 E.G.M.

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