| Indian Market | 21-Dec-21 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 16770.85 | 156.65 | 0.94% |
| Sensex | 56319.01 | 497 | 0.89% |
| Banknifty | 34607.85 | 168 | 0.49% |
| Indian Market | 21-Dec-21 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 29207.75 | 369.55 | 1.28% |
| Nifty Small-Cap 100 | 10542 | 130.30 | 1.25% |
| India VIX | 17.54 | -1.43 | -7.52% |
| US Market | 21-Dec-21 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 35492.70 | 560.54 | 1.60% |
| S&P 500 | 4649.23 | 81.21 | 1.78% |
| Nasdaq | 15341.10 | 360.10 | 2.40% |
| Currency / Commodity | 21-Dec-21 |
|---|---|
| Indices | Current |
| USD/INR | 75.5625 |
| EUR/INR | 85.2200 |
| Dollar Index | 96.490 |
| US 10-year bond | 1.462% |
| WTI Crude Oil | $ 71.44 |
| Brent Crude Oil | $ 74.21 |
| Gold | $ 1789 |
| Bitcoin | $ 49,398 |
| FII / DII Activity | 20-Dec-21 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 3565 | |
| DII | 2764 |
Trade Setup
- Indian market after gap-up opening yesterday, at one point of time gave up all the early gain again to recover in last hour of trade from oversold zone.
- US Market had witness healthy rally despite rising concern for OMICRON. US Indices were up between 1.6% to 2.40%. Asian stocks trading higher & SGX Nifty indicating around 50 points positive opening.
- Crude Oil up by 4% overnight, US 10-year bond yield & Dollar index stable as value buying was seen at lower level.
- SGX Nifty @ 16867.50 up 39.50 points at 8:30 AM.
Technical View
- Nifty saw bounce from 200-DMA @ 16252 and made low of 16410.20, Nifty might test 200-DMA again before sustainable upward move.
- Nifty could face resistance around 17163 level and support at 16252. We expect volatility to continue as VIX is @ 17.54.
- Banknifty RSI @ 29.26 & RSI average @ 36.38, Monday’s low of 34018 could act as strong support level & 200-DMA @ 35722 could act as resistance.
Stock Updates
- Yes Bank: Approves proposal to raise up to Rs 10,000 crore via issue of new shares, debt or any other permissible mode.
- Burger King India: Seeks shareholder approval to raise Rs 1,500 via qualified institutional placement.
- JSW Energy: JSW Energy (Barmer) Limited, a wholly owned subsidiary of the company, has completed the buyback of shares aggregating to Rs 1,000 crore.
- Central Bank of India, UGro Capital: Both companies entered into a strategic co-lending partnership to offer loans to MSME borrowers under priority sector.
- HCL: Signed a five-year agreement with CEMEX, a global construction materials company, for end-to-end transformation of IT lifecycle management.
- Zee Entertainment Enterprises: 90-day negotiation period with Sony Pictures Networks India over merger ended Tuesday. Final terms of the potential deal expected soon.
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.
