#PersonalFinance - To avoid paying a penalty, complete these personal financial responsibilities before December 31.

Read: https://ipoinfo.co.in/to-avoid-paying-a-penalty-complete-these-personal-financial-responsibilities-before-december-31/

SCRIPT: NIFTY
- View: Expect to settle in a range between 16939-17261.
- Holding period: Hold till (30-DEC'21) Monthly Expiry;
Step 1 Buy 16850 Strike price (PE) around 49;
Step 2 Sell 17100 Strike price (PE) around 137;
&
Step 3 Buy 17350 Strike price (CE) around 21;
Step 4 Sell 17100 Strike price (CE) around 94;
- Max profit: 8000 P/Strategy
- Max loss: (-4450) P/Strategy .
- Risk to reward Ratio: 1 : 1.8 approx

#greymarketupdate - Check the Latest Update (28 Dec)

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

NIFTY BUYING ZONE SUPPORT 16700 AND SELLING ZONE 17400. AND BANKNIFTY BUYING ZONE 34800 AND SELLING ZONE 36010

Stock Update: *TECHM* At 52 week high as price pierced 1792.0 levels, Support 1770.0 TGT 1840.0

IPO PRICE SETTLED IN PRE MATCHING

SUPRIYA LIFE SCIENCE IPO
ISSUE PRICE: ₹ 274.00

LISTING PRICE

BSE: ₹ 425.00
NSE: ₹ 421.00

Sector Update

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

Top Picks

SRF CMP 2365.0 Support 2345.0 TGT 2410.0
DEEPAK NTR CMP 2420.0 Support 2378.0 TGT 2510.0
NAVIN CMP 4260.0 Support 4224.0 TGT 4340.0
TATA CHEM CMP 891.0 Support 882.0 TGT 920.0
LAXMIORG CMP 408.0 Support 402.0 TGT 424.0

#SMEIPO - AB Cotspin India Limited to go public on 30th December

Read: https://ipoinfo.co.in/ab-cotspin-india-limited-to-go-public-on-30th-december/

NIFTY
17000 - Support. Huge Long build up and Short covering.
Longs - 1.04CR (Intraday - 10.70L)
Shorts - 45.42L (Intraday - minus 13.15L)
17100 - Support. Long build up and Short covering.
Longs - 41.64L (Intraday - 9.41L)
Shorts - 31.15L (Intraday - minus 9.44L)
17200 - Resistance. Both Long and Short build up. Intraday Long build up is dominating.
Longs - 45.98L (Intraday - 30.97L)
Shorts - 60.05L (Intraday - 19.20L)
17300 - Resistance. Both Long and Short build up.
Longs - 13.96L (Intraday - 4.90L)
Shorts - 45.43L (Intraday - 7.23L)

BANKNIFTY
34500 - Support. Long build up and Short covering.
Longs - 19.23L (Intraday - 1.15L)
Shorts - 2.80L (Intraday - minus 43275)
35000 - Congestion zone.
Longs - 23.26L (Intraday - 4.02L)
Shorts - 20.09L (Intraday - 2.04L)
35300 - Resistance.
Longs - 5.73L (Intraday - 4.27L)
Shorts - 18.16L (Intraday - 12.40L)
35500 - Resistance.
Longs - 5.09L (Intraday - 90075)
Shorts - 27.83L (Intraday - 10.95L)

NIFTY data is positive and BANKNIFTY data is weak. VIX is slowly cooling off. DOW FUTs are negative. All factors are indicating range bound move as of now.

Diversified business entity ITC SAYS it has commissioned its first offsite solar plant at Dindigul in Tamil Nadu, set up at an investment of Rs 76 crore.

#IPOupdate - Capillary Technologies India has issued draft documents for a public offering to generate Rs 850 crore.

Read: https://ipoinfo.co.in/capillary-technologies-india-has-issued-draft-documents-for-a-public-offering-to-generate-rs-850-crore/

NIFTY
17000 - Support. Low Long build up and Short covering.
Longs - 1.06CR (Intraday - 12.99L)
Shorts - 43.25L (Intraday - minus 15.32L)
17100 - Support. Long build up and Short covering.
Longs - 55.66L (Intraday - 23.44L)
Shorts - 30.29L (Intraday - minus 10.30L)
17200 - Congestion zone earlier Resistance. Long build up and Short covering.
Longs - 57.21L (Intraday - 42.19L)
Shorts - 58.83L (Intraday - 17.97L)
17300 - Resistance. Both Long and Short build up.
Longs - 15.94L (Intraday - 6.88L)
Shorts - 50.88L (Intraday - 12.68L)

BANKNIFTY
34500 - Support.
Longs - 20.54L (Intraday - 2.45L)
Shorts - 2.77L (Intraday - minus 45350)
35000 - Congestion zone.
Longs - 23.31L (Intraday - 4.07L)
Shorts - 15.64L (Intraday - minus 2.40L)
37300 - Congestion zone earlier Resistance. Both long ahs short build up.
Longs - 7.14L (Intraday - 5.67L)
Shorts - 17.43L (Intraday - 11.68L)
35500 - Resistance. Long build up and Short covering.,
Longs - 6.53L (Intraday - 2.34L)
Shorts - 26.18L (Intraday - 9.30L)

Data is getting positive, resistance zones are converting to con\gestion zone. VIX is cooling off. DOW FUTs are recovering. All factors are pointing positive sign for the market.

#IPOUpdate - Timescan Logistics Limited

Read: https://ipoinfo.co.in/timescan-logistics-limited/

ALERT : HEAVY SELLING PRESSURE SEEN IN STOCKS LIKE PVR, DELTACORP, INDHOTEL AFTER FRESH RESTRICTIONS IMPOSED BY DELHI GOVT

NIFTY BUYING ZONE SUPPORT 16950 AND SELLING ZONE 17480. AND BANKNIFTY BUYING ZONE 34800 AND SELLING ZONE 36010

*Tradable Stocks in News*


*Shriram trans:* KKR in early talks with company for stake in Shriram Cap according to moneycontrol (Positive 1208.0 Support 1188.0 TGT 1242.0)

*Star:* Company receives DCGI approval under EUA to commercialize Molnupiravir (Positive 451.0 Support 445.0 TGT 466.0)

*Auro Pharma:* Company receives DCGI approval under EUA to commercialize Molnupiravir (Positive 722.0 Support 710.0 TGT 748.0)

*JB Chem:* Company launched Molnupiravir (Positive 1640.0 Support 1620.0 TGT 1688.0)

*Cipla:* Receives EUA to launch oral anti-viral drug Cipmolnu in India to treat mild to moderate COVID-1 (Positive 928.0 Support 915.0 TGT 957.0)

*Vakrangee:* Company announces strategic tie up with Nayara Energy. (Positive 42.8 Support 41.0 TGT 45.6)

*M&M:* Arm to sell entire 49% stake in Mahindra Tsubaki for Rs 58.89 cr (Positive 834.0 Support 821.0 TGT 860.0)

*Raymond:* Incorporates unit Ten X Realty for real estate business, to invest up to INR1.5b. (Positive 615.0 Support 605.0 TGT 634.0)

Kotak on *Teamlease:* Upgrade to Buy on company, target price at Rs 4420/Sh (Positive 3860.0 Support 3801.0 TGT 3965.0)

*Textile Stocks:* Govt to accept applications in textile output-linked sops from Jan 1. (Positive *Trident* 53.0 Support 52.0 TGT 55.0, *Arvind* 115.0 Support 112.0 TGT 120.0, *Bombay Dyeing* 113.0 Support 110.0 TGT 120.0)

Stock Update: *Deepak NTR* at highest levels since October as price pierced 2465.0 levels, Support 2420.0 TGT 2530.0

2 Days to Go Before Introduction in F&O from Dec 31st:

Keep an Eye On These 10:
- BALRAMCHIN
- GNFC
- HINDCOPPER
- NBCC
- RAININD
- SUPREMEIND
- TATACOMM
- IDFC
- ABCAPITAL
- HONEYWELLAUTO

*Sector Update*

Metal Stocks seen unwinding move and trading at day’s Low.

*Top Picks*

HINDALCO FUT CMP 455.0 Resistance 460.0 TGT 445.0
TATASTEEL FUT CMP 1118.0 Resistance 1130.0 TGT 1098.0
JSPL FUT CMP 379.5 Resistance 385.0 TGT 368.0
SAIL FUT CMP 107.5 Resistance 110.0 TGT 102.0
JSWSTEEL FUT CMP 652.80 Resistance 660.0 TGT 640.0