| Indian Market | 5-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 17925.25 | 120.00 | 0.67% |
| Sensex | 60223.15 | 367.22 | 0.61% |
| Banknifty | 37695.90 | 855.75 | 2.32% |
| Indian Market | 5-Jan-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 30917.55 | 47.20 | 0.15% |
| Nifty Small-Cap 100 | 11426.45 | -28.55 | -0.25% |
| India VIX | 17.23 | 1.11 | 6.89% |
| US Market | 5-Jan-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 36407.11 | -392.54 | -1.07% |
| S&P 500 | 4700.58 | -92.96 | -1.94% |
| Nasdaq | 15100.20 | -522.50 | -3.34% |
| Currency / Commodity | 5-Jan-22 |
|---|---|
| Indices | Current |
| USD/INR | 74.3550 |
| EUR/INR | 84.1730 |
| Dollar Index | 96.145 |
| US 10-year bond | 1.698% |
| WTI Crude Oil | $ 77.06 |
| Brent Crude Oil | $ 79.92 |
| Gold | $ 1809 |
| Bitcoin | $ 43,269 |
| FII / DII Activity | 5-Jan-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 336 | |
| DII | 1272 |
Trade Setup
- US data in focus: ADP non-farm payroll data came higher than expectation. ADP non-farm payroll employment added 400k jobs against expectation of 100k decline.
- Wall Street ended in red, Nasdaq saw biggest fall since February last year, post US FOMC meeting held on 14 15 Dec 2021, minutes were release yesterday.
- So, what is new in FOMC meeting minutes: it hinted to balance sheet soon after 1st rate hike given the outlook on economy, inflation & labor market conditions.
- SGX Nifty indicating around 200 points gap-down opening after more than 700 points rally on Nifty in last 4 trading days.
- SGX Nifty @ 17790 down 183.50 points at 8:30 AM.
Technical View
- Nifty rally from 16833 to 17944, retracement @ 38.2% comes at 17520, next important support level to watch out for.
- After 4 days of rally lead to more than 700 points rise on Nifty, correction of 250 – 400 points would be healthy.
- Banknifty important support level comes at 37005 and retracement at 38.2% of recent rally comes at 36475.
- Nifty PCR @ 1.56 and VIX @ 17.23. Any correction / dip could be healthy. As we mentioned earlier 16800 level remains key level for this uptrend. So today’s indicative correction could be healthy and could provide fresh entry opportunity.
Stock Updates
- Future Group: The division bench of the Delhi High Court ordered stay on arbitration proceedings between Amazon and Future Group entities FCPL and FRL.
- NHPC: Promoters agreement signed between NHPC and Green Energy Development Corporation of Odisha Limited on Jan. 4 for formation of joint venture company for development of 500 MW floating solar power projects in various water reservoirs in Odisha. NHPC will hold 74% stake in JV and the rest will be held by GEDCO.
- RBL Bank: Gross advances rose 3.5% in Q3 to Rs 59,941 crore over the preceding quarter. Retail advances were flat while wholesale advances grew 8% sequentially. These are provisional numbers.
- Coal India: India coal production at 74.78 million tonnes in December.
- Fortis Healthcare: Emqore seeking more than $6.5 billion in damages from defendants; IHH says Emqore claim linked to Indian unit Fortis.
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.