Author: equichain

Daily Report 27-Jan-22

Post author By equichain
Post date January 27, 2022

Indian Market	25-Jan-22
Indices	Close	Change	% chg
Nifty	17277.95	128.85	0.75%
Sensex	57858.15	366.64	0.64%
Banknifty	37706.75	759.20	2.05%

Indian Market	25-Jan-22
Other Indices	Close	Change	% chg
Nifty Mid-Cap 100	29676.90	293.90	1.00 %
Nifty Small-Cap 100	10969.05	98.15	0.90%
India VIX	21.36	-1.47	-6.44%

US Market	26-Jan-22
Indices	Close	Change	% chg
Dow 30	34168.09	-129.64	-0.38%
S&P 500	4349.93	-6.52	-0.15%
Nasdaq	13542.10	2.80	0.02%

Currency / Commodity	26-Jan-22
Indices	Current
USD/INR	74.7900
EUR/INR	84.366
Dollar Index	96.60
US 10-year bond	1.8530%
WTI Crude Oil	$ 86.81
Brent Crude Oil	$ 88.16
Gold	$ 1813.25
Bitcoin	$ 35,840

FII / DII Activity	25-Jan-22	Rs. (In Crores)
(Provisional)	Buy	Sell
FII		7094.48
DII	4534.53

Trade Setup

US FOMC meeting outcome: Kept rate changed at 0 – 0.25%. Guided for March 2022 rate hike and press conference indicated rate hike in every meeting schedule this year, more hawkish policy.
Wall Street reacted post policy outcome but gave up all the gains post press conference as market had not fully factored in hawkish stance.
Indian market closed yesterday on 26-Jan-22 Republic Day, will react to US FOMC outcome and final day for January F&O series expiry. Market gave up gains made in January, FII sold more than 7000 crores on Tuesday.
Market will today testing critical level on lower side and it will be important event and with current set going into Budget event with Negative set-up and least resilient to any disappointment from Budget.
SGX Nifty @ 16900 compared to 17263 (Nifty future closing on Tuesday) at 8:20 AM.

Technical View

Nifty 200-DAM @ 16608 could act as important support level and trend has been turned negative after sharp 6-day correction.
Nifty RSI @ 40.38 & RSI Average @ 50.93, indicate oversold zone. On Nifty - 1400 points rally on Nifty took 17 trading days and it just corrected in 6 days.
Banknifty is strong on chart as compared to Nifty, AXISBANK took the lead on Tuesday post its good Q3 numbers on Monday.
Nifty PCR @ 0.85 compared to 0.66 on Tuesday. VIX @ 21.36 above comfort level of 20 going into Budget event.

Stock Updates

GE T&D India: The company has agreed to sell Global Engineering Operations Division (India for Global) to GE India Industrial (a related party) together with the assets and manpower along with its corresponding liabilities by way of a slump sale on an “as is where is” basis.
Phoenix Mills: The company’s subsidiaries Vamona Developers and Offbeat Developers have entered into Share Subscription and Shareholders Agreement with Renew Surya Kiran and Renew Green Energy Solutions for subscribing 19.97% and 11.23% equity shares respectively in Renew Surya Kiran. The company has also d has collaborated with ReNew Power to generate 5 MW of solar power.
ICRA: The company appointed Amit Kumar Gupta as the interim Chief Financial Officer after Vipul Agarwal’s resignation.
Raymond: The company has approved the scheme of arrangement between the company and Raymond Lifestyle, a wholly-owned subsidiary.
Earnings: Indus Towers, Bharat Heavy Electricals, Punjab National Bank, Laurus Labs, Dalmia Bharat, Colgate-Palmolive (India), Canara Bank, LIC Housing Finance, CG Power and Industrial Solutions, Coforge, Birlasoft, CE Info Systems, Nippon Life India Asset Management, RBL Bank, AIA Engineering.

Disclaimer: The market view and updates we are sharing are true to the best of our knowledge and sharing just for information purpose and any action would be purely investor’s own responsibility. Investor are advised to take necessary guidance from certified adviser and hence we will not be responsible for any profit or loss incurred due it. We do not have PMS license and we are not recommending anything to buy or sell.

Daily Reports

Daily Report 25-Jan-22

Post author By equichain
Post date January 25, 2022

Indian Market	24-Jan-22
Indices	Close	Change	% chg
Nifty	17149.10	-468.05	-2.66%
Sensex	57491.51	-1545.67	-2.62%
Banknifty	36947.55	-626.75	-1.67%

Indian Market	24-Jan-22
Other Indices	Close	Change	% chg
Nifty Mid-Cap 100	29383.00	-1180.60	-3.86%
Nifty Small-Cap 100	10870.90	-546.05	-4.78%
India VIX	22.83	3.94	20.86%

US Market	24-Jan-22
Indices	Close	Change	% chg
Dow 30	34364.50	99.13	0.29%
S&P 500	4410.13	12.20	0.28%
Nasdaq	13855.10	86.20	0.63%

Currency / Commodity	24-Jan-22
Indices	Current
USD/INR	74.5850
EUR/INR	84.3810
Dollar Index	95.975
US 10-year bond	1.7710%
WTI Crude Oil	$ 83.52
Brent Crude Oil	$ 85.81
Gold	$ 1840.50
Bitcoin	$ 36,250

FII / DII Activity	24-Jan-22	Rs. (In Crores)
(Provisional)	Buy	Sell
FII		3751.58
DII	74.88

Trade Setup

Panic button was pressed on Dalal-Street, Indian market witness one of the sharpest and brutal sell-off post March 2020. Investor fancy / High PE stocks / Fin Tech companies took beating on expectation of US Fed to make first move on interest rate in March 2022.
Wall- Street witness sharp recovery from the day’s low to finish the day in green. Buying on dip / short covering took market to close flat to green with gains under 1 percent for all 3 major indices.
Nifty PCR @ 0.66 compared to 0.87 on previous day, VIX @ 22.83 – Indian market showing oversold zone. SGX Nifty indicating 100 – 150 points gap-down opening below 17000 level.
Indian market will be closed tomorrow for Republic Day and US Fed meeting outcome will impact our market on 27-Jan-22 along with final F&O expiry day for January series.
SGX Nifty @ 16982.50 down 74.50 points at 8:40 AM.

Technical View

Nifty 17412 that was 61.8% retracement level of 16833 – 18350 rally was broken like a pack of cards yesterday. 16833 level is next level to watch out for.
Nifty PCR @ 0.66 compared to 0.87 on previous day. VIX @ 22.82 above comfort level of 20.
In short-term upcoming events – US FOMC meeting & Budget will guide the sentiment. Fear & Hope is now playing the market.
Now as we mentioned in our weekly update – capital protection remains our key focus and keep cash level around 25 – 40% of portfolio as we firmly believe clarity will emerge and fresh opportunity will be clearly visible which is not the case now and expect to be uncertain over next 4 – 5 trading day.

Stock Updates

Hero Motocorp: The company has approved an investment of Rs 700 crore in one or more tranches, in Hero FinCorp.
Axis Bank Q3FY22 Net Profit: Rs 3,614 crore vs Rs 1,116.6 crore (YoY) (Estimate: 3,216 crore)
SBI Cards and Payment Services Q3FY22 (Consolidated, YoY) Revenue up 20% at Rs 2,889.46 crore Vs Rs 2,408.37 crore Net profit up 84% at Rs 385.78 crore Vs Rs 209.66 crore Gross NPA at 2.40% Net NPA at 0.83%
Deepak Nitrite Q3FY22 (Consolidated, YoY) Revenue up 39% at Rs 1,722.27 crore Vs Rs 1,234.69 crore Net profit up 12% at Rs 242.46 crore Vs Rs 216.56 crore. Ebitda up 5% at Rs 351.85 crore Vs Rs 335.04 crore. Margins at 20.4% Vs 27.1%
Earnings: Maruti Suzuki India, Cipla, Pidilite Industries, Macrotech Developers, SRF, United Spirits, Torrent Pharmaceuticals, Aditya Birla Sun Life AMC, APL Apollo Tubes, Brightcom Group, Astec Lifesciences, Best Agrolife, Can Fin Homes, CarTrade Tech, Cosmo Films, Federal Bank, Finolex Industries, Indiabulls Real Estate, Icra, Ion Exchange (India), MPS, Raymond, RPG Life Sciences, Star Cement, Swaraj Engines, Symphony, TeamLease Services

Daily Reports

Daily Report 24-Jan-22

Post author By equichain
Post date January 24, 2022

Indian Market	21-Jan-22
Indices	Close	Change	% chg
Nifty	17617.15	-139.85	-0.79%
Sensex	59037.18	-427.44	-0.72%
Banknifty	37574.30	-276.55	-0.73%

Indian Market	21-Jan-22
Other Indices	Close	Change	% chg
Nifty Mid-Cap 100	30563.60	-748.45	-2.39%
Nifty Small-Cap 100	11416.95	-266.70	-2.28%
India VIX	18.89	1.10	6.18%

US Market	21-Jan-22
Indices	Close	Change	% chg
Dow 30	34265.37	-450.02	-1.30%
S&P 500	-4397.93	-84.80	-1.89%
Nasdaq	13768.90	-385.10	-2.72%

Currency / Commodity	21-Jan-22
Indices	Current
USD/INR	74.3975
EUR/INR	84.2740
Dollar Index	95.683
US 10-year bond	1.7740%
WTI Crude Oil	$ 85.97
Brent Crude Oil	$ 88.03
Gold	$ 1835.35
Bitcoin	$ 35,648

FII / DII Activity	21-Jan-22	Rs. (In Crores)
(Provisional)	Buy	Sell
FII		3148.58
DII	269.36

Trade Setup

Indian indices closed with around 0.80% cuts on major indices, Mid-Cap 100 & Small-Cap 100 was down by over 2% and VIX at 18.89 level.
Wall Street had one of their worst weeks in recent past, Nasdaq was down 2.72% on Friday and 7.55% down in this week. Global Risk-Off trade continues ahead of US FOMC meeting.
People’s Bank of China cut 14-day reverse repo to 2.25% from 2.35%. DOW30 futures is up 200 points & SGX Nifty indicating opening with 150 points cut. Global market looking as Russia – Ukraine development closely.
Market will react to earnings declare post Friday’s closing for RELIANCE & ICICIBANK. We expect Reliance to open with cut and ICICIBANK to be in green.
SGX Nifty @ 17491 down 146 points at 8:10 AM.

Technical View

Nifty with 4th straight day of losses have now given up 50% of 16833 – 18350 rally; Retracement at 61.8% comes at 17412 level. It will important to hold on to this level for uptrend to continue.
Nifty RSI @ 46.63 & RSI average @ 57.82, indicates oversold zone and sharp bounce back on charts possible.
Banknifty has been doing well compared to Nifty, ICICIBANK’s result can also help today Banknifty close in green. Banknifty immediate support at 37087 and resistance level at 38323 remains critical.
VIX @ 18.89 & Nifty PCR @ 0.87 ahead of key event: US FOMC meeting, monthly F&O Expiry for January series & Budget on 1-Feb-22.

Stock Updates

PTC India: The company has called for a third-party audit of allegations related to board appointments at subsidiary PTC India Financial.
Birla Corporation: The company inaugurated the Mukutban integrated cement plant, the the largest greenfield investment of Rs 2,744 crore by the company, taking its cement business to 2 crore tons annually.
Oil and Natural Gas Corporation: ONGC Videsh has into the development stage of a major gas discovery in Brazil with the submission of Declaration of Commerciality. The company holds 25% participating interest of the block.
Inox Leisure: The company has approved a scheme of merger of Shouri Properties with Inox Leisure Ltd.
Earnings: HDFC Asset Management, Axis Bank, SBI Cards and Payment, Services, Shriram Transport Finance, Steel Strips, Supreme Industries, Ramco Cements, Burger King, Deepak Nitrite, Indian Energy Exchange, IIFL Securities, Kirloskar Ferrous, IndiaMart InterMesh, Zensar Technologies, Meghmani Finchem, Oriental Hotels, Greenpanel Industries, GRM Overseas, Apollo Pipes, Apollo Tricot Tubes, CERA Sanitaryware, Craftsman Automation, Chennai Petroleum, Quick Heal Technologies, Sudarshan Chemicals.

Weekly Reports

Weekly Report 23-Jan-22

Post author By equichain
Post date January 23, 2022

Indian Market	21-Jan-22
Weekly Change	Close	Change	% chg
Nifty	17617.15	-638.60	-3.50%
Sensex	59037.18	-2185.85	-3.57%
Banknifty	37574.30	-796.10	-2.07%

Indian Market	21-Jan-22
Other Indices	Close	Change	% chg
Nifty Mid-Cap 100	30563.60	-1426.05	-4.46%
Nifty Small-Cap 100	11416.95	-492.55	-4.14%
India VIX	18.89	2.33	14.07%

US Market	21-Jan-22
Weekly Change	Close	Change	% chg
Dow 30	34265.37	-1646.44	-4.58%
S&P 500	4397.93	-264.92	-5.68%
Nasdaq	13768.90	-1124.90	-7.55%

Currency / Commodity	21-Jan-22
Indices	Current
USD/INR	74.3975
EUR/INR	84.274
Dollar Index	95.62
US 10-year bond	1.770 %
WTI Crude Oil	$ 84.84
Brent Crude Oil	$ 87.74
Gold	$ 1835.90
Bitcoin	$ 35,771

FII / DII Activity	21-Jan-22	Rs. (In Crores)
(Weekly - Prov)	Buy	Sell
FII		12643.61
DII	508.04

Key Events of this week

Indian market started the week on positive note as IT stocks witness some value buying post its initial reaction – TCS & INFY hit fresh 52 week high on Monday before seeing some profit booking.
Global cues this week was negatives as US 10-year bond yield touching 1.90%, highest level since January 2021 before cooling off to 1.770% to end the week. Crude Oil also tested fresh 4 months high of Supply concern as Iraq to Turkey pipeline hit by explosion.
Nasdaq was down 7.55% / 1124.90 points this week, correction for recent high 16200 level is around 15%. DOW30 was down 4.58% & S&P500 down by 5.68% on weekly basis.
Indian market witnesses a sharp reversal in trend mainly on global cues Risk-Off trade triggered by fear in rising US 10-year bond yield ahead of crucial US FOMC meeting outcome on 27-Jan-22.
Globally next generation technology companies / financial technology companies lead the decline as market participants fear the reversal in easy money policy.
RELIANCE came out with result on Friday after market hours and ICICIBANK declare Q3 result on Saturday – market will react to its earnings on Monday.
India continues to record more than 3 lakh fresh COVID-19 infection but hospitalization remains low is keeping market calm on this front. Globally COIVD-19 cases continue to rise but economic activity continues with any major disruption.

Market View: Last week on Monthly F&O expiry, US FOMC meeting on 27-Jan-22.

Global Risk-Off trade continues globally – as market continues to fear more policy measures could be announce by US Fed in its meeting this week to curb rising inflation.
RELIANCE result could fail to cheer market on Monday – although Net profit came higher than expected on other income, JIO numbers were disappointing.
ICICIBANK result were higher than estimates and it could help Banknifty to outperform Nifty in near term. ICICIBANK continues its stellar performance almost beating HDFCBANK on all front in last few quarters.
US Market on Friday witness sell-off in 2nd half and SGX Nifty indicate 200 points gap-down opening on Monday, SGX Nifty closed at 17438 on Friday. Reason for this correction is that market is fearing rate hike by US Fed could begin as early as March 2022.
Last week we did mention to avoid next gen stocks and maintain cash level around 15 – 20 percent. Next 2 weeks will be critical as US FOMC Meeting outcome on 27-Jan-22 & Union Budget on 1-Feb-22.
Global Risk-Off this week was surprising for many including us and last week, Nifty was just 300 points from fresh all time high and now Nifty is almost 1000 points away from 18600 level.
Technically, Indices are in oversold zone in near term. VIX closed at 18.89 & Nifty PCR @ 0.87 indicate oversold zone. As we have 2 major scheduled events in next 7 trading days – VIX remain at elevated remain is absolutely in line with expectation.

Our Approach

We believe, from here on to next 3 weeks – till end of Q3 result season by 15-Feb-22 – we would approach market in 3 different probable outcomes.
Before we go through the different scenarios let us understand what is currently build in prices and we see market as current level.
US Fed chairman Jerome Powell testimony before Senate Banking committee on 11-Jan-22 said: to curb inflation while doing no harm. “We’re really just going to be moving over the course of this year to a policy that is closer to normal, but it’s a long road to normal from where we are now,” he told the Senate Banking Committee.

Daily Reports

Daily Report 21-Jan-22

Post author By equichain
Post date January 21, 2022

Indian Market	20-Jan-22
Indices	Close	Change	% chg
Nifty	17757.00	-181.40	-1.01%
Sensex	59464.62	-634.20	-1.06%
Banknifty	3785085	-190.50	-0.50%

Indian Market	20-Jan-22
Other Indices	Close	Change	% chg
Nifty Mid-Cap 100	31312.05	-51.25	-0.16%
Nifty Small-Cap 100	11683.65	-5.30	-0.05%
India VIX	17.79	-0.03	-0.17%

US Market	20-Jan-22
Indices	Close	Change	% chg
Dow 30	34715.39	-313.26	-0.89%
S&P 500	4482.73	-50.03	-1.10%
Nasdaq	14154.00	-186.30	-1.30%

Currency / Commodity	20-Jan-22
Indices	Current
USD/INR	74.4925
EUR/INR	84.4640
Dollar Index	95.72
US 10-year bond	1.7770%
WTI Crude Oil	$ 83.77
Brent Crude Oil	$ 86.72
Gold	$ 1841.10
Bitcoin	$ 39,902

FII / DII Activity	20-Jan-22	Rs. (In Crores)
(Provisional)	Buy	Sell
FII		4679.84
DII	769.26

Trade Setup

Indian market on weekly expiry day saw a roller-coaster rise and Indices trade in volatile session and ended Nifty with 1 percent cut and Banknifty down by 0.50%.
Wall Street’s main indexes ended sharply lower on Thursday and a rally in U.S. stocks evaporated late in the session as investors considered whether equities were bargains after a sell-off to start the year that has seen the Nasdaq fall into correction territory.
SGX Nifty indicating a weak start on back of global cues, FII selling has accelerated had led to a sharp fall on Thursday. Risk-off trade continues in equity and commodity where as US 10-year bond yield cooled off from recent high to 1.774%.
Bitcoin trading @ $39,902 & Gold trading @ $1841.10.
SGX Nifty @ 17673 down 127 points at 8:15 AM.

Technical View

Nifty technical are tested as global cues remain mix ahead of key earnings today & tomorrow. Nifty tested 17771, it is 38.2% retracement of rally from 16833.20 – 18350.95. Now 61.8% retracement of this rally comes at 17412.98.
Nifty RSI @ 50.49 & RSI average @ 60.61, it is getting oversold in short term – we are cautiously optimistic from this level and we expect bounce back from this level.
Banknifty has been outperforming Nifty in last 3 week this trend may continue – ICICIBANK earning will be key to be declare Q3 numbers tomorrow 22-Jan-22.
VIX @ 17.79, continues to remain in 16 – 20 level. Nifty PCR @ 0.94 compared to 0.78 on previous day.

Stock Updates

PTC India: On the issue of corporate governance raised by three independent directors in their resignation letters, the company said that the management is closely monitoring the situation and observed that there are difference of opinion at operation and board level on few issues. These issues are being looked into by a senior level committee of the company.
Aditya Birla Sun Life: The company has received approval fromInternational Financial Services Centres Authority to carry out Portfolio Management Services from GIFT City, Gandhinagar.
Surya Roshni: The company has secured orders of Rs 65.40 crore for supply of ERW Line Pipe for gas projects to ONGC and Rs 57.77 crore for supply of MS (Make: Surya) Bare Pipes 3 LPE Coated for Water Supply Project from Chambal- Bhilwara WSP (Phase-I) through Vishnu Prakash R Punglia.
Earnings: Reliance Industries, JSW Steel, HDFC Life Insurance Company, SBI Life Insurance Company, Hindustan Zinc, IDBI Bank, Bandhan Bank, Gland Pharma, L&T Finance Holdings, Vodafone Idea, PNB Gilts, Polycab India, Tanla Platforms, CSB Bank, PVR, Inox Leisure, Kajaria Ceramics, Jyothy Labs, Heritage Foods, RattanIndia Power, Gokaldas Exports, Kabra Extrusiontechnik, Max Ventures and Industries, Oriental Aromatics, Ramco Industries, Share India Securities, Supreme Petrochem, Supriya Lifescience, Wendt (India)

Daily Reports

Daily Report 20-Jan-22

Post author By equichain
Post date January 20, 2022

Indian Market	19-Jan-22
Indices	Close	Change	% chg
Nifty	17938.40	-174.65	-0.96%
Sensex	60098.82	-656.04	-1.08%
Banknifty	38041.35	-168.95	-0.44%

Indian Market	19-Jan-22
Other Indices	Close	Change	% chg
Nifty Mid-Cap 100	31363.30	-18.15	-0.06%
Nifty Small-Cap 100	11688.95	1.50	0.01%
India VIX	17.82	0.04	0.22%

US Market	19-Jan-22
Indices	Close	Change	% chg
Dow 30	35028.65	-339.82	-0.96%
S&P 500	4532.76	-44.58	-0.97%
Nasdaq	14340.30	-166.60	-1.15%

Currency / Commodity	19-Jan-22
Indices	Current
USD/INR	74.4175
EUR/INR	84.4160
Dollar Index	95.490
US 10-year bond	1.854 %
WTI Crude Oil	$ 85.61
Brent Crude Oil	$ 88.19
Gold	$ 1840.35
Bitcoin	$ 41,981

FII / DII Activity	19-Jan-22	Rs. (In Crores)
(Provisional)	Buy	Sell
FII		2704.77
DII		195.07

Trade Setup

Indices down by 1 percent on weak global cues, risk-off trade at play as fear of rising interest and inflation concern grips the market ahead of US FOMC meeting on 27-Jan-22.
Wall Street ended the volatile session with around 1 percent decline with Nasdaq declining by 1.15%.
Going into trade on Thursday, weekly index options expiry – Global cues are mixed. US 10-year bond yield, Dollar Index & Crude Oil cooled-off from yesterday’s high.
Bitcoin trading @ $41,981 & Gold trading @ $1840.35. Gold price rise by 1.5% yesterday, near recent highs.
SGX Nifty @ 17910.50 down 67 points at 8:30 AM.

Technical View

Nifty closing at 17938.40, just at support level we mentioned yesterday @ 17944. Nifty RSI @ 56.07 & RSI average @ 63.14 is showing further weakness.
Nifty rally from 16833 – 18350, retracement at 38.2% comes at 17771 – we expect Nifty would hold on to this level and trend reversal possible from this level.
Banknifty immediate support at 37761 & next major support comes at 37087. Banknifty indicating sideways move ahead of ICICIBANK’s result on Saturday 22-Jan-22.
VIX @ 17.82, move above 20 – will turn very cautious. Nifty PCR @ 0.78 compared to 0.92 on previous day. Nifty PCR indicate – in oversold zone and can expect bounce back in 2nd half today.

Stock Updates

Power Finance: The company has transferred its wholly owned subsidiaries Karur Transmission and Khavda-Bhuj Transmission to Adani Transmission.
IFCI: To consider preferential share issue to government on Jan. 25.
TVS Motor: The company globally announced the launch of its motorcycle TVS Star HLX 150 Disc Variant in Egypt.
TCI Express: The company will consider declaration of second interim dividend on Jan. 28.
Earnings: Hindustan Unilever, Asian Paints, Bajaj Finserv, Bajaj Holdings & Investment, Havells India, Biocon, Mphasis, Persistent Systems, PNB Housing Finance, Hatsun Agro Product, Container Corporation Of India, Cyient, Reliance Industrial Infrastructure, Century Textiles & Industries, Datamatics Global Services, Agro Tech Foods, Bank of Maharashtra, Orient Electric, Dodla Dairy, Khaitan Chemicals & Fertilizers, PCBL, Sasken Technologies, Shoppers Stop, South Indian Bank, VST Industries

Daily Reports

Daily Report 19-Jan-22

Post author By equichain
Post date January 19, 2022

Indian Market	18-Jan-22
Indices	Close	Change	% chg
Nifty	18113.05	-195.05	-1.07%
Sensex	60754.86	-554.05	-0.90%
Banknifty	38210.30	-5.85	-0.02%

Indian Market	18-Jan-22
Other Indices	Close	Change	% chg
Nifty Mid-Cap 100	31381.45	-659.15	-2.06%
Nifty Small-Cap 100	11687.45	-293.30	-2.45%
India VIX	17.78	1.01	6.02%

US Market	18-Jan-22
Indices	Close	Change	% chg
Dow 30	35368.47	-543.34	-1.51%
S&P 500	4577.34	-85.51	-1.83%
Nasdaq	14506.90	-386.90	-2.60%

Currency / Commodity	18-Jan-22
Indices	Current
USD/INR	74.5850
EUR/INR	84.9470
Dollar Index	95.73
US 10-year bond	1.882 %
WTI Crude Oil	$ 86.17
Brent Crude Oil	$ 88.78
Gold	$ 1812.55
Bitcoin	$ 42,412

FII / DII Activity	18-Jan-22	Rs. (In Crores)
(Provisional)	Buy	Sell
FII		1254.95
DII		220.20

Trade Setup

Global risk-off triggered by rise in 10-year bond yield to and rise in Dollar Index led to sell-off in 2nd half. Nifty & BSE Sensex ended the day with around 1 % cuts.
Banknifty corrected more than 600 points from the day’s high and Nifty more than 250 points from day’s high and it was all due to global risk-off trade.
Oil extended gains in Asia from the highest close since 2014 after a key pipeline running from Iraq to Turkey was hit by an explosion, taking out crucial supply from an already tight market.
As US 10-year bond yield rises to 2% currently trading @ 1.89% - market participants are fearing 4 rate hikes by US Fed in 2022, next US FOMC meeting outcome on 27-Jan-22.
SGX Nifty @ 18129 down 9.50 points @ 7:55 AM.

Technical View

Nifty face resistance around the end of the range of 18200 – 18350, we were cautious yesterday as Nifty RSI was @ 70.21 & RSI average @ 65.59, after yesterday’s correction Nifty RSI now @ 62.22 & RSI average @ 64.91.
Important support level to watch out for Nifty is at 18067 & 17944. We expect 17944 level is important for potential trend reversal.
Banknifty, as we mentioned yesterday was showing some sign of weakness, yesterday move makes things more sideways for Banknifty. Banknifty likely to continue in broad range of 37761 – 38851.
VIX @ 17.78, in case of VIX rise above 20 level, market could get highly volatile ahead of Budget. Nifty PCR @ 0.92 compared to 1.33 previous.

Stock Updates

Hero Motocorp: The company will make a strategic investment in Gogoro Inc. raising the oversubscribed private investment in public equity deal from $257 million to $285 million.
Raymond: The step-down wholly owned subsidiary of the company, Ten X Realty, signed a binding term sheet for joint redevelopment of residential project in the western sub-urban district of Mumbai. The project is estimated to have, in aggregate, revenue potential of around Rs 2,000 crore over a period of next 5 years.
HCL Technologies: The company has launched a dedicated Intel Ecosystem Unit to help build focused, innovative and industry-tailored solutions for Intel clients.
JK Paper: The company has commenced commercial production of its new Packaging Board line at Unit - CPM, Gujarat. Its new line will add 1,70,000 TPA capacity of Virgin Fibre Board taking company's total capacity of Packaging Board to 3,00,000 TPA.
Earnings: JSW Energy, JSW Ispat, Larsen & Toubro Infotech, Tata Communications, Tata Investment, Bajaj Auto, ICICI Lombard General Insurance, CEAT, Saregama India, Mastek, CCL Products, Oracle Financial Services Software, Sterlite Technologies, Syngene International

Daily Reports

Daily Report 18-Jan-22

Post author By equichain
Post date January 18, 2022

Indian Market	17-Jan-22
Indices	Close	Change	% chg
Nifty	18308.10	52.35	0.29%
Sensex	61308.91	85.88	0.14%
Banknifty	38216.15	-154.25	-0.40%

Indian Market	17-Jan-22
Other Indices	Close	Change	% chg
Nifty Mid-Cap 100	32040.60	50.95	0.16%
Nifty Small-Cap 100	11980.75	71.25	0.60%
India VIX	16.77	0.21	1.27%

US Market	14-Jan-22
Indices	Close	Change	% chg
Dow 30	35911.81	-201.81	-0.56%
S&P 500	4662.85	3.83	-1.42%
Nasdaq	14893.80	87	0.59%

Currency / Commodity	17-Jan-22
Indices	Current
USD/INR	74.2450
EUR/INR	84.8180
Dollar Index	95.16
US 10-year bond	1.8210 %
WTI Crude Oil	$ 84.36
Brent Crude Oil	$ 87.31
Gold	$ 1821
Bitcoin	$ 42,268

FII / DII Activity	17-Jan-22	Rs. (In Crores)
(Provisional)	Buy	Sell
FII		855
DII		115

Trade Setup

News over the weekend of HEROMOTOCO investing further in Ather Energy and Nippon India auto ETF buying lead to buying all around in Auto & Auto ancillary stocks.
Indian market reacted to HDFCBANK & HCLTECH result, ULTRACEMCO result came during market hours which was better then expected. Nifty closed with 50 points gain while Banking ended the day with 150 points cut.
US Market was closed on 17-Jan-22, Monday. DOW30 futures is trading flat, US 10-year bond yield above 1.80% at fresh high since January 2021. China cuts RRR rate by 10 bps, first time since April 2020.
Crude Oil continue to trade at 3 months high as demand resumes as fear of OMICRON hurting economic recovery eases.
SGX Nifty @ 18333 down 17 points at 8:20 AM

Technical View

Nifty closed above 18272 key resistance level and closed at 18308 level, just 300 points away from all time high. Nifty RSI @ 70.21 & RSI average @ 65.59.
Nifty at current level is giving mix signal and minor dip to 18067 level could be healthy, we continue to remain cautious.
Banknifty has shown first sign of weakness after outperforming Nifty in first week of January 2022. Immediate support comes at 37761 and resistance at 38851.
VIX @ 16.76, trading just above 16 level. VIX seen in 16 – 19 range for some time now.

Stock Updates

Tata Power: Tata Power Renewable Energy commissioned two Solar Power projects of 50 MW each at Prayagraj, and Banda in Uttar Pradesh.
Tech Mahindra: The company acquired Com Tec Co IT for Rs 2,627.97 crore including earnouts and synergy linked payouts. It is also investing a cumulative amount of Rs 169.55 crore, in SWFT and Surance, for a 25% ownership in each of the two InsurTech ventures funded by the same founding group as CTC.
Indian Energy Exchange: The company has executed a Share Purchase Agreement by and between IEX, Indian Oil Corporation and Indian Gas Exchange, subsidiary of the IEX, for sale of 4.93% stake in IGX to IOCL consisting of 36,93,750 equity shares, having a face value of Rs. 10 each.
Cholamandalam Investment and Finance: The company has signed a Shareholders Agreement and a Share Purchase Agreement with Payswiff, its founders and other existing shareholders to make a strategic investment not exceeding Rs 450 crore. It will hold up to 72.12% of the equity capital of Payswiff on a fully diluted basis and Payswiff consequently will become a subsidiary of the company.
Earnings: Tata Elxsi, Trident, Bajaj Finance, DCM Shriram, Den Networks, ICICI Prudential Life Insurance, ICICI Securities, Just Dial, L&T Technology Services, Network18 Media & Investments, TV18 Broadcast, Newgen Software Technologies

Daily Reports

Daily Report 17-Jan-22

Post author By equichain
Post date January 17, 2022

Indian Market	14-Jan-22
Indices	Close	Change	% chg
Nifty	18255.75	-2.05	-0.01%
Sensex	61223.03	-12.27	-0.02%
Banknifty	38370.40	-99.55	-0.26%

Indian Market	14-Jan-22
Other Indices	Close	Change	% chg
Nifty Mid-Cap 100	31989.65	-7.55	-0.02%
Nifty Small-Cap 100	11909.50	88.35	0.75%
India VIX	16.56	-0.15	-0.90%

US Market	14-Jan-22
Indices	Close	Change	% chg
Dow 30	35911.81	-201.81	-0.56%
S&P 500	4662.85	3.83	-1.42%
Nasdaq	14893.80	87	0.59%

Currency / Commodity	14-Jan-22
Indices	Current
USD/INR	74.0925
EUR/INR	84.9410
Dollar Index	95.24
US 10-year bond	1.7930 %
WTI Crude Oil	$ 83.83
Brent Crude Oil	$ 86.47
Gold	$ 1815.70
Bitcoin	$ 42,926

FII / DII Activity	14-Jan-22	Rs. (In Crores)
(Provisional)	Buy	Sell
FII		1598.20
DII	371.41

Trade Setup

Market will react to HDFCBANK & HCLTECH number today, HCLTECH came out with stellar numbers – IT stocks finish at record high on Friday.
HDFCBANK – result was in-line, no-positive / negative surprise. Short term reaction will be slightly negative based on build-up seen going into result.
Crude Oil at fresh 3 months high, could be concern for short term. US 10-year bond yield back to near 1.80% level.
SGX Nifty @ 18199 down 75 points at 8:25 AM.

Technical View

Nifty trading at upper end of the range 17548 – 18212, yesterday last hour recovery led to Nifty closing at 18257.80 due to weekly options expiry.
Nifty RSI @ 69.30 & RSI average @ 63.24, we remain cautious as RSI approaches 70, consolidation from current level could be healthy. Nifty’s rally from 16833 to 18272, retracement of 38.2% will bring Nifty to 17722 level and this could act as major support level.
Banknifty indicated first sign of weakness yesterday, led by HDFCBANK immediate support on Banknifty comes at 37761 & major support at 37087.
Based on technical setup looking at Nifty & Banknifty – we believe current level is good to reduce some exposure, as we see some consolidation or correction from current level could provide fresh opportunity to go long.

Stock Updates

HCL Technologies: The company has signed a definitive agreement to acquire Starschema, a Hungarian data engineering services company, for $42.5 million. The acquisition is expected to be completed by March 2022.
Hero Motocop: To invest up to Rs 420 crore more in Ather Energy. Hero MotoCorp’s shareholding will increase from current 34.8% in Ather after the investment. The investment will be made in one or more tranches by April 30. The company’s exact shareholding will be determined upon completion of Ather’s capital raising round.
Apollo Tyres: The company has bought 27.20% stake in CSE Deccan Solar for Rs 9.33 crore.
Indian Oil Corporation: Secured nine out of 15 high potential geographical areas in the latest round of CGD auction. The company plans to invest Rs 7,000 crore in the new CGD projects, over and above the Rs 20,000 crore investments that were already planned for the vertical.
Oil India: The company has sold its stake in the Niobrara shale asset in the U.S. for $25 million. The stake which was held by a unit of the state-run oil explorer, was sold to Verdad Resources LLC.

Weekly Reports

Weekly Report 16-Jan-22

Post author By equichain
Post date January 17, 2022

Indian Market	14-Jan-22
Weekly Change	Close	Change	% chg
Nifty	18255.75	443.05	2.49%
Sensex	61223.03	1478.38	2.47%
Banknifty	38370.40	630.80	1.67%

Indian Market	14-Jan-22
Other Indices	Close	Change	% chg
Nifty Mid-Cap 100	31989.65	878.10	2.82%
Nifty Small-Cap 100	11909.50	416.60	3.62%
India VIX	16.56	-1.04	-5.92%

US Market	14-Jan-22
Weekly Change	Close	Change	% chg
Dow 30	35911.81	-319.85	-0.88%
S&P 500	4662.85	-14.17	-0.30%
Nasdaq	14893.80	-42.10	-0.28%

Currency / Commodity	14-Jan-22
Indices	Current
USD/INR	73.94
EUR/INR	84.712
Dollar Index	94.76
US 10-year bond	1.727 %
WTI Crude Oil	$ 84.42
Brent Crude Oil	$ 86.36
Gold	$ 1816
Bitcoin	$ 42,926

FII / DII Activity	14-Jan-22	Rs. (In Crores)
(Weekly - Prov)	Buy	Sell
FII		4002.94
DII	3629.03

Key Events of this week

This week all 4 IT major announce Q3 result – INFY, TCS & WIPRO announce Q3 numbers on 12-Jan while HCLTECH came with its numbers aftermarket hours on Friday.
HDFCBANK declare Q3 result on 15-Jan-22, Saturday, result was in-line with expectation. HDFCBANK had last month tested 1440 level on lower side and tested 1575 before FII resume it selling in HDFCBANK.
Key Domestic data: IIP growth at 9 months low – IIP growth for November at 1.4% compared to 4% growth recorded in October.
Inflation highest since July 21: CPI inflation for December stood at 5.59% compared to 4.91% for November. This remains with target range of RBI committee of 4% (+/- 2%).
Wall street ended the week on flat to negative bias, Indian Indices manage to record around 2.5% growth. Banknifty was up by 1.67% on weekly basis, underperformed this week Nifty & BSE Sensex unlike previous week, where Banknifty gained over 6%
OMICRON fear continues to keep global market on edge, as number of fresh cases continue to rise. India recorded more than 2 lakh cases per day for 4 consecutive days.
Hospitalization is low in this wave due to higher vaccination, global market is seeing some recovery on economy front as OMICRON fears eases, Crude Oil at fresh 3 months high, Brent Crude @ $84.25 & Brent Crude Oil @ $86.36.

Market View: 2nd week of Q3 result season

In last 2 weeks, Nifty & Sensex record around 5% gain and Banknifty recorded 8% up move. Banknifty will witness its reaction to HDFCBANK’s result – We believe HDFCBANK’s result is good although some profit booking can’t be rule out.
Q3 result season will continue to remain in focus, few Nifty-50 companies announcing result this week are ULTRACEMCO, BAJFINANCE, LT, BAJAJ-AUTO, ASIANPAINT, HUL, HDFCLIFE, JSWSTEEL, RELIANCE & ICICIBANK.
Nifty is 350 points away from all time high and momentum which is currently in progress has the potential to take Nifty beyond fresh high to 19k level and above – Budget will play the key role whether the rally is fueled to higher level or we formed double top around 18600 level.
Before Budget there is important event – US FOMC meeting on 27-Jan-22 and it will play critical role, even thought Budget & Q3 result are good – steeper rate hike by US FOMC could de-rail the rally in all the assets class fueled by liquidity injection over last 20 months.