| 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.
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.