| Indian Market | 13-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 18257.80 | 45.45 | 0.25% |
| Sensex | 61235.30 | 85.26 | 0.14% |
| Banknifty | 38469.95 | -257.60 | -0.67% |
| Indian Market | 13-Jan-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 31997.20 | 205.665 | 0.65% |
| Nifty Small-Cap 100 | 11821.15 | 72.05 | 0.61% |
| India VIX | 16.71 | -0.47 | -2.74% |
| US Market | 13-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 36113.62 | -176.70 | -0.49% |
| S&P 500 | 4659.02 | -67.33 | -1.42% |
| Nasdaq | 14806.80 | -381.60 | -2.51% |
| Currency / Commodity | 13-Jan-22 |
|---|---|
| Indices | Current |
| USD/INR | 73.9400 |
| EUR/INR | 84.7120 |
| Dollar Index | 94.76 |
| US 10-year bond | 1.7270% |
| WTI Crude Oil | $ 81.78 |
| Brent Crude Oil | $ 84.25 |
| Gold | $ 1822.65 |
| Bitcoin | $ 42,550 |
| FII / DII Activity | 13-Jan-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 1390.80 | |
| DII | 1065.30 |
Trade Setup
- Indian market closed flat, reaction to IT result was mix, INFY & TCS was up around 1 percent where as WIPRO was down 6%. Metal stocks saw a sharp come back as risk-on rally trigger by Dollar Index below 95 level.
- Wall Street in the first half was trading with some gain on back of PPI m/m & Core PPI m/m rise was less than expected. Second half, technology stocks led the profit booking as Nasdaq was down by 2.5%.
- Here we would like to highlight few thinks: FII turned seller in last 2 trading days, HDFCBANK corrected around 3% from recent highs ahead of its result on Saturday 15-Jan-22, will react to its numbers on Monday.
- SGX Nifty @ 18231.50 down 69 points at 8:20 AM.
- We did mention yesterday also, time to increase cash level and wait for some dip / correction to enter at lower level with stock specific & Budget view. HDFCBANK result a key event to watch out for Banknifty ‘s next move.
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, HDFCBANK’s result could provide momentum on either direction so we stay cautious and fresh review on Monday to go long only if this week high are taken off.
Stock Updates
- Reliance Industries: The company signed MoU for investment of Rs 5.95 lakh crore in Green Energy and other projects in Gujarat.
- Titan Company: Public shareholder Rakesh Jhunjhunwala has increased his stake in the company to 4.02% in the quarter ended December, holding about 3,57,10,395 shares.
- Tata Motors: The company's global wholesales in Q3, including Jaguar Land Rover, rose 2% to 2,85,445 units over Q3 FY21. Global wholesales of all Tata Motors’ commercial vehicles and Tata Daewoo range rose 14% YoY to 1,02,772 units. Global wholesales of all passenger vehicles declined 3% YoY to 1,82,673 units.
- EaseMyTrip: The company has recommended bonus issue of equity Shares in the proportion of 1:1.
- .Orient Electric: The company will consider declaration of interim dividend on Jan. 20.
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.
