NIFTY BUYING ZONE SUPPORT 17017 AND SELLING ZONE 17770. AND BANKNIFTY BUYING ZONE 36036 AND SELLING ZONE 37037

*Indiabulls Housing:*

The stock fell by 10 percent amid the news related to resignation of Sameer Gehlaut from board by Mar-end.

CMP 229.35 Down 10 percent

Listing Details :
Date : IPO name

17/12 : Rategain
18&19 : Holiday
20/12. : ShriRam
21/12. : Map my India
22/12. : Metro
23/12. : Medplus
24/12. : Data Pattern
25&26. : Holiday
27/12. : HP adhesive
28/12. : Supriya

SUNDARAM CLAYTON: CO PROMOTER OF *TVS MOTOR* CO IS LOOKING TO SELL STAKE IN THE COMPANY - ET NOW (NEUTRAL TO NEGATIVE FOR STOCK PRICES)

Five large-cap funds that outperformed the Nifty 100 TRI

Read: https://ipoinfo.co.in/five-large-cap-funds-that-outperformed-the-nifty-100-tri/

*Index Update:*

Indian equity indices continued remain under selling pressure on back of the weak global cues.

*Nifty Future:* 16738 Down 285 points or -1.68% (Support: 17700/17662)

*Nifty Bank Future:* 34802 Down 934 points or -2.62% (Support: 34620/34480)

PHARMA SECTORE LOOK GOOD \ SUNPHRMA \ CIPLA \ DRREDDY \ STAR

#Cryptonews - Cryptocurrency prices on December 20

Read: https://ipoinfo.co.in/cryptocurrency-prices-on-december-20/

#StockMarketNews - Snapdeal is expected to submit a DRHP today to raise Rs 1,250 crore with new issuance.

Read: https://ipoinfo.co.in/snapdeal-is-expected-to-submit-a-drhp-today-to-raise-rs-1250-crore-with-new-issuance/

*ITI LIMITED* WINS LARGE ORDER WORTH 432 CRS FROM TAMILNADU GOVT (SUPPORTIVE FOR STOCK PRICES)

#StockMarketNews - Shriram Properties listed at a 20% discount to its issue price of Rs 94.

Read: https://ipoinfo.co.in/shriram-properties-listed-at-a-20-discount-to-its-issue-price-of-rs-94/

#StockMarketNews - Supriya Lifescience IPO on the last day subscribed 7.93 times

Read: https://ipoinfo.co.in/supriya-lifescience-ipo-on-the-last-day-subscribed-7-93-times/

*Index Update:*

The selloff has continued in the market as US and European futures are trading in deep red zone.

*Nifty Future:* 16534.0 Down 490 points or -2.90%

*Nifty Bank Future:* 34310 Down 1439 points or -4.03%

ALERT : REPORTS OF PM MODI TO HOLD HIGH LEVEL MEET WITH CEOS ON REJUVENATING INDIAN ECONOMY AT 4:00PM TODAY ; NEWS COULD BE POSITIVE FOR MARKET

*News Update*: Wipro to Acquire Edgile to Strengthen its Leadership in Strategic Cybersecurity Services (Neutral to Positive for Stock Price)

NIFTY BUYING ZONE SUPPORT 16317 AND SELLING ZONE 16970. AND BANKNIFTY BUYING ZONE 34336 AND SELLING ZONE 35800

*Sector Update*

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

*Top Picks*

HINDALCO CMP 441.0 Support 437.0 TGT 452.0
TATASTEEL CMP 1101.0 Support 1085.0 TGT 1140.0
JSPL CMP 373.0 Support 367.0 TGT 385.0
JSWSTEEL CMP 654.0 Support 647.0 TGT 667.0
SAIL CMP 108.5 Support 106.0 TGT 113.0

*Sector Update*

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

*Top Picks*

WIPRO CMP 682.0 Support 674.0 TGT 701.0
INFY CMP 1815.0 Support 1801.0 TGT 1845.0
TCS CMP 3592.0 Support 3560.0 TGT 3660.0
COFORGE CMP 5330.0 Support 5510.0 TGT 5230.0
LT INFO CMP 6820 Support 6760.0 TGT 6940.0

#StockMarketNews - MapmyIndia sees a fantastic debut, listing with a 53% premium, Despite market turbulence.

Read: https://ipoinfo.co.in/mapmyindia-sees-a-fantastic-debut-listing-with-a-53-premium-despite-market-turbulence/

News Update
Zee Entertainment Board meet said to be scheduled for Today , 21st December to consider proposed merger with Sony Pictures Networks India.