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January 06, 2021 Market Updates Economic News Global News January 06, 2021 Market Updates Stocks in News Per. Asian Markets Close Abs. Change Future-RIL deal: Next phase of Bezos-Biyani battle to begin in Singapore. Sin- Change gaporean barrister Michael Hwang joins three-member arbitration tribunal at HANG-SENG 27649.86 177.05 0.64% SIAC, which is looking into the dispute over Future Group's $3.4 bn deal with NIKKEI 225 27158.63 (99.75) (0.37%) Reliance Industries. STRAIT TIMES 2859.68 0.78 0.03% Bajaj Finance: Q3 show suggests strong comeback, company remains cautious. Festive season demand has lifted new customer addition and loan growth clos- er to pre-pandemic levels. Per. Global Bellwethers Close Abs. Change Change Amazon was aware of talks with RIL for sale of retail assets: Biyani. Future DOW JONES 30 30408.40 184.51 0.61% Group Founder and CEO Kishore Biyani on Tuesday said Amazon was fully NASDAQ 12800.38 101.93 0.80% aware of his group's talks with Reliance Industries for the sale of retail assets. FTSE UK 6612.25 40.37 0.61% L&T construction arm is lowest bidder for Uttarakhand railway project. The Rs 3,338 crore order is a contract from Rail Vikas Nigam for package-4 of a new broad-gauge line between Rishikesh and Karnaprayag. Indian Benchmarks Per. Close Abs. Change Videocon lenders, 12 other group companies to meet on Tuesday under IRP. (05Jan2021) Change The lenders of debt-ridden Videocon Industries and 12 other group companies NIFTY 50 14199.50 66.60 0.47% will meet on Tuesday under the insolvency resolution process (IRP). NIFTY 200 7379.85 46.15 0.63% Tech Mahindra partners with College of Military Engg for defence solutions. NIFTY 500 11767.00 75.20 0.64% Tech Mahindra said its R&D arm, Makers Lab, has collaborated with the College of Military Engineering (CME), Pune to address challenges in the field of de- fence through technological innovations. Indian Broader M arkets Dilip Buildcon incorporates SPV for road project worth Rs 882 crore. Infrastruc- NIFTY MIDCAP 100 21533.95 145.45 0.68% ture developer Dilip Buildcon on Tuesday said it has incorporated a special pur- NIFTY SMLCAP 100 7301.95 43.80 0.60% pose vehicle (SPV) for road project worth Rs 882 crore in Gujarat. UltraTech Cement raises Rs 1,000 crore via non-convertible debentures. Ul- NSE Sector indices traTech Cement on Tuesday said it has raised Rs 1,000 crore through allotment of non-convertible debentures (NCDs) on private placement basis. NIFTY BANK 31722.25 509.80 1.63% NIFTY FINANCIAL SERRVICES 15380.55 187.50 1.23% HCL Tech completes acquisition of Australia's business consulting firm DWS. HCL Technologies on Tuesday completed the acquisition of DWS Ltd, a leading NIFTY IT 25769.15 659.10 2.62% Australian IT, business and management consulting group. NIFTY ENERGY 17070.55 (105.60) (0.61%) Economic News NIFTY FMCG 34720.25 100.55 0.29% NIFTY AUTO 9416.05 (1.90) (0.02%) Pradhan flags off equipment for Indian Oil's MEG Plant at Paradip. Pradhan NIFTY METAL 3376.25 (48.35) (1.41%) flagged off from L&T's Hazira plant in Surat district critical components bound for Indian Oil's MEG plant coming up at the refinery-cum-petrochemical com- NIFTY CONSUMPTION 5995.90 21.40 0.36% plex at Paradip in Odisha. NIFTY PHARMA 13166.35 16.55 0.13% GDP contraction in FY21 is inevitable, the only question is by how much. The NIFTYINFRA 3706.70 (9.40) (0.25%) GDP contracted an unprecedented 23.9 per cent in the first quarter and came NIFTY REALTY 316.35 (1.10) (0.35%) in better than expected 7.5 per cent in the second quarter. NIFTY MEDIA 1686.90 11.30 0.67% Floating solar project at Omkareshwar to begin power generation by 2022- NIFTY MNC 15999.90 113.20 0.71% 23. The world's largest floating 600 MW solar energy project to be construct- Fund Flow ed at Omkareshwar dam on Narmada river will begin power generation by year 2022-23. ` MTD Calendar YTD (FY) Participant in crore Latest Global News Flls 506.21 506 149338.80 UN member states and leaders welcome countries including India to UNSC. UN DIIs 69.40 69.40 (110487.81) leaders and member states welcomed India, Ireland, Kenya, Mexico and Norway Source: BS = Business Standard, ToI: Times of India, MC = Money Control, B = Bloomberg to the UN Security Council and said they look forward to working with the five new non-permanent members. January 06, 2021 Technical Snapshot Previous Name Reversal Support 2 Support 1 Pivot Point Resistance 1 Resistance 2 Trend Close NIFTY-NEAR MONTH 14216.05 13895.10 14022.85 14119.45 14173.60 14270.20 14324.35 BULL BANKNIFTY-NEAR MONTH 31792.95 30930.80 30716.45 31254.70 31549.35 32087.60 32382.25 BULL NIFTY MIDCAP 100 21533.95 20711.59 21066.98 21300.46 21429.83 21663.31 21792.68 BULL NIFTY SMALLCAP 100 7301.95 7019.28 7140.98 7221.47 7264.58 7345.07 7388.18 BULL Key Highlights: NIFTY maintains Higher Top Higher Bottom formation, however it closes near 14200 mark.... NIFTY SPOT: 14199.50 (0.47%) BANKNIFTY SPOT: 31722.25 (1.63%) DYNAMIC PARAMETER: Nifty forming a higher high higher low DYNAMIC PARAMETER: Index gave consolidation breakout pattern for the past 8 sessions. TRADING ZONE: TRADING ZONE: Resistance: 14252 (50% extension level of the rise Resistance: 32000 (Key Resistance) / 32465 (Jan 2020 High) from 11535-13777)/ 14325 (Key Resistance) Support: 31470 (Key Support) / 30935 (Day Low) Support: 14048 (Daily Low) / 13953 (2 Day Low) VIEW: Bullish till above 30538 (Previous Week Low) BROADER MARKET: OUTPERFORMED MIDCAP 21534 (0.68%), SMALLCAP 7302 (0.60%) Advance-Decline: 1084 / 842 VIEW: Bullish till above 13777 (Weekly Gap Support). Stocks to Watch: Sector view: BULLISH BEARISH Bullish Sectors Bearish Sectors SRTRANSFIN ONGC IT METAL HINDUNILVR COALINDIA PVT BANK REALTY Stock view for the day: DMART BAJFINANCE Stock View Duration CMP Support Resistance LTI INDIGO HINDUNILVR BULLISH INTRADAY 2450 2415 2495 NAUKRI PEL BAJFINANCE BEARISH INTRADAY 5119 5030 5185 Jan 06, 2021 Derivatives Snapshot Nifty Nifty Highest Nifty Nifty Nifty Highest Nifty Futures Futures Total OI Nifty OI Nifty Spot Futures Futures Futures Total OI NSE VIX Futures Change in Volume Call PCR Prem. / Disc Basis OI Put Strike OI ( in cr.) Strike Current 14199.50 14217.95 18.45 33.95 13181400 498675 0.98 14000 13000 1.73 20.46 Previous 14132.90 14165.30 32.40 32.65 12682725 513750 1.01 14000 13000 1.60 20.03 Change 66.60 52.65 - - - - - - - - 0.43 % Chg 0.47 0.37 - - - - - - - - 2.15 Key Highlights: Nifty January Futures ended 52.65 points up @ 14217.95 with a premium of 18.45 points. Nifty futures open interest increased by 4.99 lakh shares with January series total open interest stands at 1.32 crore shares. Nifty 14000 call has highest OI, whereas 13000 put holds the highest OI and Banknifty 33000 call has highest OI and 28000 put has highest OI. Nifty 14200 call saw unwinding of 1.37 lakh shares in OI, whereas 13700 put saw addition of 3 lakh shares In OI. India VIX ended 2.15% up @ 20.46 against the previous close of 20.03 FII Derivatives Statistics Securities in Ban for Trade Buy Sell Net Buy / Sell Cumulative Sr. Sr. Stock Name Stock Name (in Crs.) (in Crs.) (in Crs.) (in Crs.) No No. INDEX FUTURES 3193.03 3369.49 -176.46 501 1 SAIL 5 - INDEX OPTIONS 293099.19 295029.77 -1930.58 378 2 - 6 - STOCK FUTURES 11845.92 11957.27 -111.35 1194 3 - 7 - STOCK OPTIONS 5829.28 5896.54 -67.26 -456 4 - 8 - Open Interest Summary Y Axis Short Build Up (- +) Long Build Up (+ +) Stock Price % OI % Stock Price % OI % LALPATHLAB -0.74 11.68 AARTIIND 4.25 105.72 COALINDIA -1.56 10.02 MGL 1.37 22.44 SAIL -1.70 7.18 HDFCAMC 2.33 13.02 M&MFIN -0.40 7.07 NAUKRI 13.53 12.43 APOLLOTYRE -0.82 6.30 INDUSINDBK 2.82 11.17 X Axis Long Unwinding (- -) 0 Short Covering (+ -) Stock Price % OI % Stock Price % OI % TATASTEEL -1.86 -7.01 HDFCLIFE 2.51 -14.00 HINDALCO -1.63 -6.94 TCS 1.60 -8.74 JINDALSTEL -1.14 -1.71 LUPIN 1.26 -6.56 Long Build Up: When price of a particular stock/Index future rises along with the rise in Open Interest. Short Build Up: When Price of a particular stock/Index future falls with the rise in Open Interest. Short Covering: When price of a particular stock/Index future rises with the fall in Open Interest. Long Unwinding: When price of a particular stock/Index future falls along with the fall in Open Interest. January 06, 2021 Equity Technical Recommendation: Sr. Date Action Company Product * Reco. Price Target 01 Target 02 Stop Loss Remarks No. 1 18-Sep-20 BUY BIOCON STD 434 500 555 390 Open 2 14-Nov-20 BUY HDFCLIFE STD 634 700 760 548 1st Target 3 7-Dec-20 BUY BHARTIARTL STD 505 / 475 560 590 450 Open 4 15-Dec-20 BUY MRPL STD 35.55 41.7 49.9 32 Open 5 16-Dec-20 BUY MAZDOCK STD 210.9 255 285 180 Open 6 4-Jan-21 BUY HINDUNILVR 5 DAY 2427 2500 2580 2350 Open 7 4-Jan-21 BUY SUNTV JAN FUT BTST 498.5 509 522 490 Exit 8 4-Jan-21 BUY NIFTY 14150 CALL INDEX RECO 66.5 90 120 28 Profit Book 9 5-Jan-21 BUY BANKNIFTY 31500 CALL INDEX RECO 313 435 555 170 Open 10 5-Jan-21 BUY AXISBANK JAN FUT BTST 665 680 698 649 Open Equity Technical - Product Profile Maximum Open Product Return Objective Segment Duration Recommendations Intraday 5 1% Cash + F&O Intraday BTST / STBT 2 1-2% F&O 1 Day 5-Day 5 2-4% F&O T + 5 Smart Trader Delivery 10 3-15% Cash Only Week to 3 Months Rolling Reversal 1 Variable subject to market F&O - January 06, 2021 Fundamental Recommendation: Quality Picks 2020 Sr.
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