*IDFC* - APPROVED APPOINTMENT OF ANIL SINGHVI AS CHAIRMAN (NEUTRAL TO POSITIVE FOR THE IDFC)

#IPOUpdate - After seeing a strong demand for its #IPO, Supriya Lifescience will finalise the basis of share allotment today.

Here's how to check the allotment status:

Check - https://ipoinfo.co.in/ipo-allotment-status/

*Tradable Stocks in News*


*Kotak Mahindra Bank;* Subsidiary acquires the passenger vehicle finance portfolio of Ford Credit India. (Positive 1755.0 Support 1730.0 TGT 1782.0)

Citi on *ZEEL:* Maintains Buy on company, target price at Rs 395/Sh (Positive 345.0 Support 338.0 TGT 357.0)

*Adani* Airport Holdings seeks $1 billion in bonds to refinance Mumbai airport debt. (Positive 1650.0 Support 1630.0 TGT 1688.0)

*Jubilant Food:* Company has taken 5-6% price hike according to ET sources. (Positive 3410.0 Support 3378.0 TGT 3488.0)

*Kolte-Patil* The company's board of directors has approved the merger of the two wholly-owned subsidiaries. (Positive 290.0 Support 285.0 TGT 298.0)

*Pfizer's* antiviral regimen, Paxlovid, was nearly 90% effective in preventing hospitalizations and deaths in patients at high risk of severe illness. (Positive 4980.0 Support 4912.0 TGT 5100.0)

*Maha Seamless:* Promoter group bought 75k shares (Positive 487.0 Support 481.0 TGT 502.0)

*Hind Zinc:* Zinc prices at 2 month high (Positive 310.0 Support 307.0 TGT 320.0)

*Vedanta* proposes to Non‐Convertible Debentures aggregating upto ₹ 1000 Crores (Positive 340.0 Support 334.0 TGT 351.0)

NIFTY BUYING ZONE SUPPORT 16400 AND SELLING ZONE 17200. AND BANKNIFTY BUYING ZONE 34100 AND SELLING ZONE 35800

#greymarketupdate - Check the Latest Update (23 Dec)

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

#BusinessNews - Taurus Mutual Funds case | Sebi slaps a 1.5 crore fine on KFin Technologies.

Read: https://ipoinfo.co.in/taurus-mutual-funds-case-sebi-slaps-a-1-5-crore-fine-on-kfin-technologies/

#StockMarketNews - MedPlus Health Services goes public at Rs 1,040, a 30% premium to the issue price.

Read: https://ipoinfo.co.in/medplus-health-services-goes-public-at-rs-1040-a-30-premium-to-the-issue-price/

*L&T FINANCE* SAID TO SELL ITS MUTUAL FUND BUSINESS: EXCLUSIVE (SUPPORTIVE FOR STOCK PRICES)

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