NIFTY
17000 - Support. Long build up and Short covering.
Longs - 83.47L (Intraday - 65.71L)
Shorts - 35.94L (Intraday - minus 13.64)
17100 - Resistance. Both Long and Short build up.
Longs - 46.19L (Intraday - 40.63L)
Shorts - 72.67L (Intraday - 21.52L)
17200 - Strong resistance. Huge Short build up.
Longs- 13.76L (Intraday - 9.29L)
Shorts - 99.82L (Intraday - 30.32L)

BANKNIFTY
34500 - Support. Long build up and Short covering.
Longs - 22.76L (Intraday - 6.49L)
Shorts - 3.08L (Intraday - minus 45700)
35000 - Support. Huge Long build up.
Longs - 31.73L (Intraday - 16.97L)
Shorts - 19.85L (Intraday - 2.35L)
35200 - Congestion zone. Both Long and Short build up.
Longs - 17.87L (Intraday 15.26L)
Shorts - 26.93L (Intraday - 15.10L)
35500 - Resistance.
Longs - 5.74L (Intraday - 3.16L)
Shorts - 34.68L (Intraday - 17.71L)

Data is positive at opening. VIX and Dow Fut flat. Markets are going for some consolidation at the movement.
Wait for the market to come near support or break the resistance before creating new long positions.

#Cryptonews - Bitcoin and Ethereum Keep Failing Near Key Highs

Read: https://ipoinfo.co.in/bitcoin-and-ethereum-keep-failing-near-key-highs/

✅BUY MAHSEAMLES✅

Above 530
SL 480
TARGET 550-575-600-625-650-700

Holding period few months

✅BUY MASTEK✅

Above 2955
SL 2800
TARGET 3000-3050-3100-3200-3300-3500
Holding period few months

#PersonalFinance - Rules for online card payments will change on January 1st.

Read: https://ipoinfo.co.in/rules-for-online-card-payments-will-change-on-january-1st/

*MAN INDUSTRIES* WINS LARGE ORDER WORTH 225 CRS (SUPPORTIVE FOR STOCK PRICES)

*Biocon* and Mylan are in advanced talks for combining their biosimilar businesses to create a large company in which Biocon seeks to hold a controlling majority stake (Supportive for stock prices)

NIFTY
17000 - Support. Huge Long build up and Short covering.
Longs - 1.01CR (Intraday -83.39L)
Shorts - 38.21L (Intraday - minus 11.37L)
17100 - Resistance. Long build up and Short covering.
Longs - 41.74L (Intraday - 36.18L)
Shorts - 93.48L (Intraday - 42.32L)
17200 - Resistance.
Longs - 10.86L (Intraday - 6.39L)
Shorts - 1.06CR (Intraday - 36.69L)

BANKNIFTY
35000 - Support. Huge Long build up and Short covering.
Longs - 41.38L (Intraday - 26.61L)
Shorts - 12.15L (Intraday - minus 5.34L)
35200 - Support earlier congestion zone. Long build up and Short covering.
Longs - 33.46L (Intraday - 30.84L)
Shorts - 12.59L (Intraday - 76425)
35500 - Resistance.
Longs - 13.16L (Intraday - 10.59L)
Shorts - 41.21L (Intraday - 24.23L)

Data is positive. VIX is cooling and DOW Futs are positive.
All factors are positive up move with the short covering.
Now NIFTY is dragging the BANKNIFTY. Next could be seen from support zones so now wait for dips for creating any new long positions.
Be cautious markets would be volatile from hereon, as it is an expiry day.

*REC:* CO SIGNS AGREEMENT WITH KFW DEVELOPMENT BANK TO FINANCE POWER SECTOR AND RENEWABLE ENERGY PROJECTS: PIB (SUPPORTIVE FOR STOCK PRICES)

NIFTY BUYING ZONE SUPPORT 16700 AND SELLING ZONE 17400. AND BANKNIFTY BUYING ZONE 35400 AND SELLING ZONE 36010

*Tradable Stocks in News*


*TCS;* Company selected by Mobilidre as a long term strategic partner. (Positive 3650.0 Support 3630.0 TGT 3710.0)

*Adani Enterprises* has set up a wholly-owned subsidiary which will provide domestic and international network connectivity services (Positive 1668.0 Support 1652.0 TGT 1698.0)

*Kajaria Ceramics:* NCLT approves Scheme of Amalgamation amongst Kajaria Tiles & Kajaria Ceramics. (Positive 1220.0 Support 1218.0 TGT 1238.0)

*Glenmark:* CRISIL Ratings has upgraded the credit rating (Positive 501.0 Support 496.0 TGT 514.0)

*PSP Projects:* Company has divested its 100% stake in PSP Projects INC (Positive 464.0 Support 458.0 TGT 478.0)

*Persistent:* Wins Four Categories in the 2021 ISG Star of Excellence Awards. (Positive 4618.0 Support 4570.0 TGT 4730.0)

*ISGEC:* Commencement of commercial production at the 100 KLPD Ethanol Plant by Saraswati Sugar Mills (Positive 560.0 Support 553.0 TGT 588.0)

NCLAT has STAYED the Order passed by CCI upon a condition of pre-deposit of 10% of the penalty amount imposed on *United Breweries*. (Positive 1580.0 Support 1565.0 TGT 1625.0)

*Grasim:* Promoter group bought 1.65 lakh shares (Positive 1650.0 Support 1636.0 TGT 1682.0)

*GPTINFRA:* Company Bags Order Valued at Rs. 56 Crore. (Positive 83.0 Support 80.0 TGT 90.0)

*Sector Update*

Tech Stocks seen Buying move and trading at day’s high.

*Top Picks*

COFORGE CMP 5540.0 Support 5510.0 TGT 5640.0
LTI CMP 7115.0 Support 7060.0 TGT 7210.0
PERSISTENT CMP 4754.0 Support 4860.0 TGT 4690.0
WIPRO CMP 699.0 Support 692.0 TGT 714.0
TECHM CMP 1695.0 Support 1680.0 TGT 1730.0

*IEX:* CO EXEC SAYS OVERALL MARKET SHARES IS 6.5% || CO EXEC ALSO SAYS EXPECTING GROWTH MOMENTUM TO CONTINUE IN 2022 - CNBC TV 18 (SUPPORTIVE FOR STOCK PRICES)

#HotStocks - In the short term, double-digit returns are likely in Tech Mahindra, HCL Technologies, and MMTC.

Read: https://ipoinfo.co.in/double-digit-returns-are-likely-in-tech-mahindra-hcl-technologies-and-mmtc/

IPO MARKET : SEBI Meet On IPO Reforms Tomorrow , Sebi Likely Increase lock in Period

NIFTY BUYING ZONE SUPPORT 16700 AND SELLING ZONE 17400. AND BANKNIFTY BUYING ZONE 34400 AND SELLING ZONE 35610

*Tradable Stocks in News*


Investec on *HG Infra:* Maintains Buy on company, target price at Rs 800/Sh. (Positive 590.0 Support 583.0 TGT 614.0)

*Adani Transmission:* Company awarded first RE evacuation systems project in Khavda, Guj (Positive 1760.0 Support 1742.0 TGT 1798.0)

*Vedanta:* India Ratings and Research has revised Company's Outlook to Positive from Stable while affirming its Long-Term Issuer Rating at 'IND AA-. (Positive 343.0 Support 339.0 TGT 352.0)

*Uttam Sugar:* ICRA Limited has assigned the ratings for various bank facilities obtained by the Company (Positive 166.0 Support 163.0 TGT 173.0)

*CDSL:* NSDL e-Governance files for IPO. (Positive 1450.0 Support 1428.0 TGT 1492.0)

*Lupin:* USFDA approval for the Company’s Abbreviated New Drug Application Sevelamer Carbonate for Oral Suspension. (Positive 895.0 Support 888.0 TGT 914.0)

*Emami Realty:* CARE has upgraded the credit rating of the long-term banks facilities to 'BBB; Stable' from 'BBB-; Stable. (Positive 90.0 Support 87.0 TGT 98.0)

*JSW Holdings:* Promoter group bought 5.1 lakh shares (Positive 3900.0 Support 3860.0 TGT 4020.0)

*FSL:* Subsidiary of the company, has completed the acquisition of The StoneHill Group Inc. (TSG), (Positive 180.0 Support 176.0 TGT 190.0)

*RBL Bank:* says its board has accepted current MD & CEO Vishwavir Ahuja's request to proceed on leave with immediate effect. (Negative 174.0 Resistance 177.0 TGT 162.0)

#greymarketupdate - Check the Latest Update (27 Dec)

Read: https://ipoinfo.co.in/grey-market-premium/

#BusinessNews - RK Damani and Rakesh Jhunjhunwala request RBI to allow them to buy a 10% stake in RBL Bank.

Read: https://ipoinfo.co.in/rk-damani-and-rakesh-jhunjhunwala-request-rbi-to-allow-them-to-buy-a-10-stake-in-rbl-bank/

#StockMarketNews - HP Adhesives opens with a 16 percent premium.

Read - https://ipoinfo.co.in/hp-adhesives-opens-with-a-16-percent-premium/