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/

#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/