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

BPCL: OLA SAID TO ROLL OUT 4000 HYPERCHARGERS AT BPCL PUMPS
OLA ELECTRIC PARTNERS BPCL

Olacabs
BPCLimited

17100 - Support. Long build up.
Longs - 66.95L (Intraday - 14.77L)
Shorts - 22.55L (Intraday -20450)
17200 - Support. Long build up and Short covering.
Longs - 83.00L (Intraday - 31.02L)
Shorts - 60.94L (Intraday - 14.48L)
17300 - Resistance. Both Long and Short build up.
Longs - 27.69L (Intraday - 8.59L)
Shorts - 69.09L (Intraday - 20.17L)

BANKNIFTY
35000 - Support. Low volume Short build up.
Longs - 29.14L (Intraday - 8.41L)
Shorts - 16.67L (Intraday - minus 74150)
35300 - Resistance. Long unwinding and Short build up.
Longs - 9.83L (Intraday - 6.19L)
Shorts - 21.43L (Intraday - 9.66L)
35500 - Resistance. Both Long and Short build up.
Longs - 10.32L (Intraday - 3.88L)
Shorts - 31.47L (Intraday - 8.48L)

NIFTY data is positive and BANKNIFTY data some Long unwinding is seen which may drag the NIFTY. VIX is cooling off and DOW FUTs are recovering.
All factors indicating range bound move.

*DB CORP* PROMOTER RELEASES BIG PLEDGE OF 1.25 CRS SHARES OR 7.1% (SUPPORTIVE FOR STOCK PRICES)

Stock Update: *METROPOLIS* At 52 week high as price pierced 3476.0 levels, Support 3420.0 TGT 3550.0

NIFTY
17100 - Support. Long build up.
Longs - 68.42L (Intraday - 16.25L)
Shorts - 21.12L (Intraday - minus 1.22L)
17200 - Support. Both Long and Short build up.
Longs - 84.35L (Intraday - 32.37L)
Shorts - 67.89L (Intraday - 21.43L)
17300 - Resistance. Long unwinding and Short build up.
Longs - 26.36L (Intraday - 7.26L)
Shorts - 77.54L (Intraday - 28.61L)

BANKNIFTY
35000 - Support.
Longs - 30.51L (Intraday - 9.78L)
Shorts - 17.18L (Intraday - minus 22925)
35300 - Resistance.
Longs - 9.51L (Intraday - 5.87L)
Shorts - 21.85L (Intraday - 10.08L)
35500 - Both long and Short build up.
Longs - 11.22L (intraday - 4.78L)
Shorts - 32.97L (Intraday - 9.98L)

Data is getting positive but volumes are low. VIX cooling off and DOW Futs are flat. Markets are respecting the supports and recovered exactly from the support levels. Still need more confirmation for new Long positions on CE side.

*BEL:* Company bags order for manufacturing of 150 defense equipments according to CNBC sources (Supportive for stock prices)

Defence Stocks : Department of Defence Production, Ministry of Defence has notified a list of over 2,500 imported items that have already been indigenised and 351 imported items which will be indigenised in the next three years: Defence Ministry

*Tradable Stocks in News*


*Puravankara:* To sell 49% stake in arm to Keppel Investment (Positive 148.0 Support 143.0 TGT 160.0)

*Pioneer Embro:* Construction in full swing adjoining its existing factory land (Positive 66.0 Support 64.0 TGT 71.0)

*Xpro India:* Brickwork has upgraded the following ratings to the Company’s Bank Loan facilities (Positive 938.0 Support 920.0 TGT 964.0)

*SpiceJet:* Says its cargo unit and Pifore to develop electric cargo plans (Positive 66.0 Support 64.0 TGT 70.0)

*IRB Infrastructure:* The company has raised Rs 5,346.6 crore as it has approved allotment of 25,24,50,000 equity shares (Positive 220.0 Support 215.0 TGT 230.0)

*Varun Beverages:* The company has incorporated a new entity 'Varun Beverages RDC SAS' in the Congo (Positive 880.0 Support 872.0 TGT 898.0)

Antique on *Can Fin Homes:* Maintains Buy on company, target price at Rs 770/Sh (Positive 552.0 Support 548.0 TGT 570.0)

*BPCL:* LIC acquired a 2.019 percent stake in the company via open market transaction. (Positive 379.0 Support 375.0 TGT 387.0)

*KALPATARU POWER:* CO WINS ORDER WORTH 1,560 CR RUPEES (SUPPORTIVE FOR STOCK PRICES)