Weekly Trading Diary: 13th to 17th December 2021

Tradingqna · December 12, 2021, 12:18pm

A thread for discussing all your trades, strategies, ideas, news, stories etc.

A quick snapshot of what the markets were up to in the last week.

Indian markets rose for the second consecutive week, with Nifty rallying 314.60 points to close 1.8% higher, while Sensex gained 1,090.21 points to end 1.9% higher.

Major global markets too rebounded from previous weeks losses to end higher.

Here’s how the sectoral performance was for the week.

Look at stocks that moved the most.

Things to look forward to in the coming week:

IPO’s

Another busy week awaits the IPO market as four issues will be opening for the subscription. Details

Name	MedPlus Health	Data Patterns	HP Adhesives	Supriya Lifescience
Period	13th to 15th Dec	14th to 16th Dec	15th to 17th Dec	16th to 20th Dec
Price Band	780 - 796	555 - 585	262 - 274	264 - 274
Lot Size	18	25	50	54

Major economic events to look forward to for the week;

	13th Dec		14th Dec		15th Dec		16th Dec		17th Dec
India	CPI Inflation (NOV)	India	WPI Inflation (NOV)	US	Weekly Crude Oil Stock	US	Fed Interest Rate Decision	Japan	BOJ Monetary Policy Statement
US	OPEC Monthly Report	US	PPI (NOV)		Retail Sales (NOV)		FOMC Statement	Britain	Retail Sales (NOV)
		Japan	Industrial Production (OCT)	China	Industrial Production (NOV)		Industrial Production (NOV)	Euro	CPI Inflation (NOV)
		Euro	Industrial Production (OCT)	Britain	CPI Inflation (NOV)		Services PMI (DEC)
						Europe	ECB Interest Rate Decision
							Manufacturing and Services PMI
						Britain	BoE Interest Rate Decision
							Manufacturing and Services PMI

So what are you looking for ward to in the week? Share below

Prakashsingh · December 13, 2021, 4:45am

Will market sustain above the key resistance zones of 17570-600 for the day? That needs to be seen. On friday, We have observed that markets were not able to sustain below support zones of 17450.

Prakashsingh · December 13, 2021, 6:57am

Update : Resistance was too tough for the mrkts to hold onto as expected. swift fall of 170 points from the top.

Market is basically trying to stay in the rangr btwn 17450-600 and whenever it goes below support or above resistance…we are able to see a swift reaction on the other side.

hitesh_modi · December 13, 2021, 7:15am

Yes , too much call option was at 17600 … profit booking was excepted …
many are long at 17600 … lets see where the break out comes …lower side or upper side

Tradingqna · December 13, 2021, 1:03pm

Benchmark indices stumbled after a positive start, closing the day in the red. Dow and Nasdaq futures are trading higher, indicating a positive opening for US markets.

Brent Crude: 74.85 -0.4%
USD-INR Spot: 75.76 -0.02%
India 10Y bond yield: 6.371% +0.02%

Day’s trend:

IT index was the sole gainer for the day with marginal gains while all other sectors closing in red. Media was the top dragger, along with Realty and PSU Bank.

Amongst the F&O stocks

Strides Pharma was the top gainer.
Vodafone Idea was the top loser.

In the news

India’s retail inflation marginally rises to 4.91% percent in Nov vs 4.48% in Oct: Govt data

Tega Industries had a bumper listing. Gaining over 60% on issue price on the debut.

Reliance along with its partner is looking to buy bankrupt textile company Sintex.

Minda Industries forms a joint-venture with German firm FRIWO for manufacturing EV components.

TVS Motors and Zoho invest in Ultraviolette ahead of its F77 electric motorcycle launch.

Shriram Group will merge Shriram Capital and Shriram City Union Finance with Shriram Transport Finance as part of restructuring in the group. The new entity will be named Shriram Finance Ltd.

Around the World

Fed is expected to speed up the end of bond-buying and signal interest rate hikes are coming.

Airfreight costs soar to record high; Cargo prices surge as Christmas demand piles further pressure on strained supply chains.

Prakashsingh · December 14, 2021, 5:28am

Taking a contra bet (considering good risk reward) , I’ll look for buying opportunities in index btwn 17225-205 for intraday purposes for trgts of 17380-400 . trgt of 180 points SL of 45 points

Due to negative global sentiment and weak macros like USDINR, the range now shifts to 17080 to 17450 review to be done after these levels are breached.

Update : 100 points so far in Nifty. Sometimes risk reward trades give good returns. Loss is always limited.

Tradingqna · December 14, 2021, 2:02pm

Nifty and Sensex declined for the second day in a row. Nasdaq futures are down by more than 0.5%, indicating a negative start for US markets.

Brent Crude: 74.29 -0.13%
USD-INR Spot: 75.86 +0.13%
India 10Y bond yield: 6.357 -0.02%

Day’s trend:

Media and Pharma index both rose more than 1%, while Auto and PSU Bank were the worst performers among the sectoral indices, both down nearly 0.70%.

Amongst the F&O stocks

Aditya Birla Fashion and Retail was the top gainer, surging over 7% on the news that it’ll be taking over Reebok’s operations in India.

Shriram Transport Finance was the top loser.

In the news

India’s WPI inflation rate in November spikes to 14.23%

Vedanta settles retrospective tax dispute with India.

Shares of Anand Rathi Wealth list with over 9% premium over the issue price.

Lupin received the establishment inspection report from the U.S. Food and Drug Administration for its Goa manufacturing facility.

RBI issues prompt corrective action framework for NBFCs. More here.

Around the World

Bank of Japan offers huge cash injection to combat rising short-term rates. More.

OPEC upbeat on 2022 oil demand, says Omicron impact to be mild. Story here.

Prakashsingh · December 15, 2021, 4:26am

USDINR is above key resistance levels ahead of Fed policy which will come out tonight and market is understandably nervous today.

Market is back to yesterday’s buy zone of 17230-200. Lets see whether the price takes support here. I will be looking to long and buy the dips today with similar setup like yesterday.

Update : Gave 100 points again today and fell in the last hour. Looks like 17180-220 zone is acting as support. It will be interesting to see whether nifty breaches these levels . Then 200-250 points open up again on the downside.

I personally will look to buy the dips and be stock specific as index is broadly expected to be rangebound till year end as FIIs will soon be going on holidays,

Tradingqna · December 15, 2021, 1:53pm

The market remains bearish, with Nifty and Sensex down more than 0.5% at the close. The US markets look to be in for a weak start as well.

Brent Crude: 72.68 -1.38%
USD-INR Spot: 76.23 +0.48%
India 10Y bond yield: 6.364 +0.13%

Day’s trend:

Nifty Auto was the only sectoral index that finished bullish, while all other indices ended in the red. The worst performer was Nifty Realty, falling 1.89%.

Amongst the F&O stocks

PI Industries Ltd was the top gainer.

Indian Energy Exchange was the top loser.

In the news

TVS Motor stock surges on likely announcement of electric vehicle ties with BMW.

SBI looking to offload a 6% stake in MF arm via IPO route.

Cabinet clears Rs 76,000-crore incentive scheme for semiconductors. Story here.

Burger King Plans To Raise ₹ 1,500 Crore Via Securities.

Nykaa ended 6% Higher after launching Skincare Brand Elemis on its Global Store.

L&T gains 2%, stock up for the 2nd straight day on winning two large orders. More here.

Around the World

Fed meets for 1st time since Jerome Powell hinted at policy shift.

US Congress sends Joe Biden a $2.5 trillion debt limit hike, avoiding default. Story here.

Prakashsingh · December 16, 2021, 3:02am

It was a classic case of " sell the rumour and buy the news" case yesterday as US markets already factored in a hawkish statement from Fed. SGX is indicating a gap up of 100 points. Will it sustain or not? It’s tough to say.

But one thing is apparent from monday, our mrkts are underperforming against global peers mostly driven by sell flows from FIIs.

Levels for the day and infact week are clear

17350-430 on the upside will act as broad resistance zones

17200-120 on the downside will act as broad support zones.

Sector wise : Auto sector has outperformed yesterday and news flow is good too with semi conductor news. Keep an eye.

Bank Nifty too is due for a good bounce. Small banks got good news from RBI yesterday. So maybe they may do well. lets see

More on this soon.

Prakashsingh · December 16, 2021, 7:29am

The weekly supports (17180-220) from where we traded multiple times is still not getting breached

This zone, it seems like decisive zone for not only this weekly expiry but also for this monthly expiry.

Tradingqna · December 16, 2021, 1:22pm

Benchmark indices fell from their day’s high but managed to close on a positive note, snapping a 4-day losing streak. US markets look set for a solid opening.

Brent Crude: 74.95 +1.45%
USD-INR Spot: 76.085 -0.19%
India 10Y bond yield: 6.375 +0.17%

Day’s trend:

IT index was the only gainer for the day, up by around 1.2%. Media was the top loser, down by around -1.8%.

Amongst the F&O stocks

SRF was the top gainer.
Torrent Power was the top loser.

In the news

India’s April-October iron ore production at 143MT; set to surpass FY’20 record of 246MT.

India’s exports rose 44.41% to $16.46 billion year-on-year during the first half of December 2021, according to commerce ministry data.

The Union Cabinet on Wednesday cleared a Rs 76,000-crore ($10-billion) package to build the semiconductor ecosystem in the country.

The board of Power Grid approved an interim dividend of Rs. 7 per share for the financial year 2021-22.

Sun Pharma received U.S. FDA approval for antifungal injection.

PE/VCs invest $6.8 billion in Indian companies in November: Story here.

Around the World

The Fed will aggressively dial back its bond-buying and sees three rate hikes next year.

Global debt reaches record $226 trillion in 2020 amid Covid pandemic: IMF

Bank of England raises benchmark interest rate by 0.15% to 0.25%; most economists and investors expected BoE to keep rates on hold amid the omicron variant surge.

Eurozone business activity slows as Covid restrictions hit the services sector, PMI shows.

Prakashsingh · December 17, 2021, 3:56am

Good Morning Folks,

Battle to capture the 17200 Zone is on btwn bulls and bears.

Lets see who wins it. Currently, bears seem to be winning it but bulls haven’t used up their ammunition yet.

I will be risky and will look to buy nifty btwn 17150-70 zones

Update #1 : SL of 40 points hit. Phew first hour panic selling is on. First hour low will be key reference point for the day now

Observation #1 : only Nifty IT is in deep green against deep red in other sectors. if it has to be a trending day, this sector should join the party on the bear side in the second half.

Prakashsingh · December 17, 2021, 5:32am

Here’s the live market scenario which shows the importance of having SL. Thankfully it saved me 120 points on the downside. Now i can look at market with fresh lens.

hitesh_modi · December 17, 2021, 5:48am

17040 WILL BE Act as a STRONG spot for nifty … if close below this level then 16700-16800 can except in coming days and week

TIMEFRAME · December 17, 2021, 6:51am

Nifty broke long term trend-line again by mid -day itself , next

Tradingqna · December 17, 2021, 1:39pm

Markets continued on a downward trajectory after a small pullback yesterday. Closing down by over -1.5% and ending the week down by around -2.9%. US markets too look set for a negative opening.

Brent Crude: 73.76 -1.68%
USD-INR Spot: 76.08 -0.01%
India 10Y bond yield: 6.411% +0.58%

Day’s trend:

On the sectoral front, the IT index continued to gain while all other sectors lost ground. Media was the biggest dragger.

Amongst the F&O stocks

Wipro was the top gainer.
Indiabulls Housing Finance was the top dragger.

In the news

Accenture’s guidance upgrade hints at strong growth for IT firms in FY23

Rise in input costs for cement manufacturers is expected to hit the sector’s overall operating margins by 200-230 basis points in FY22 according to ICRA.

World coal power demand to hit a new high as consumption in China, India and the United States rises: IEA.

Bharti Airtel announced that it has paid the government Rs 15,519 crore to settle its total deferred liability relating to the spectrum purchased in the 2014 auction.

RateGain had a poor debut, tanking by 20% on listing day.
Hindalco inks pact to acquire Norway based Hydro’s aluminum extrusions business in India for Rs 247 crore.

India’s EV market is likely to see investments of ₹94,000 crores across the chain over the next five years, according to a study by Indospace and Colliers.

Around the World

Bank of Japan to scale back pandemic-era economic support. More here.

European Central Bank kept interest rates unchanged while cutting its pandemic bond buying, but pledges further stimulus: Story here.

Turkey’s central bank cut its policy rate again by 100 bps despite inflation soaring above 21%, sending the Lira to fresh record lows.