Weekly Trading Diary: 20th to 24th December 2021

[Tradingqna]

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

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Here’s a quick look back at what the markets have been up to in the past week.

In the week gone by the markets gave up all the gains made in the past two weeks, falling by -3% each. The major markets around the world were weak too, with most indices ending the week in losses.

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IT was the only sector that managed to end in the green past week. All other sectors closed in the red.

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Things to look forward to in the coming week:

IPO’s

Not much activity in the IPO space this week as only one issue will be open for subscription. That of CMS Info Systems Ltd. The IPO opens for subscription on 21th and will close on 23rd, with the price band set between Rs. 262 - 274 and a lot size of 69. More on CMS Info Systems IPO here: Everything You Need to Know About the CMS Info Systems Limited IPO

Though there are a host of listings lined up with Shriram Properties listing on the 20th, MapmyIndia on 21st, Metro Brands on 22nd, MedPlus Health Services on 23, and Data Patterns on the 24th.

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Major economic events to look forward to for the week;

	20th December			21st December			22nd December			23rd December			24th December
China	PBoC Loan Prime Rate		Britain	Retail Sales (NOV)		US	GDP (Q3)		US	Jobless Claims		Japan	National Core CPI (NOV)
							Consumer Confidence (DEC)			New Home Sales (NOV)
							Existing Home Sales (NOV)			Durable Goods Orders (NOV)
						Japan	BoJ Monetary Policy Statement
						Britain	GDP (Q3)

What’s on your watchlist for the week? Share below

[Prakashsingh]

Global Cues look nasty with the virus fears, lock down announcements in so many European countries. The day will ofcourse begin with following the global trend by opening gapdown.

What needs to be seen is will our markets follow global mrkts or decouple from them. Will update the post here if I find anything interesting.

Being a day trader, The main aspect to focus on is risk reward. I’m a bull by nature. So, ill stick to my strength and try to buy btwn 17670-40 zones

Update : SL of 40 points gone. Need to wait for first low to take further trade.

[Prakashsingh]

Second case in as many weeks that small SL has helped me from incurring losses…

Market i guess is rapidly trying to test the 200 DMA which I believe is near 16250. This is a brutal bear attack.

I will look for Bull Call Spread Strategy in Nifty for the month of Jan and Feb of Strikes 16500 and 17000. This is the strategy for index and stocks wise, I find lot of stocks which look quite attractive to me.

Nifty Price for Reference : 16472

Update #1 : Today’s stocks which are relatively strong need to be kept on radar. One such stock which Im keeping on radar is Cipla. I expect 4 digits in this stock soon. Cmp 880-882 (Im taking delivery)

[Tradingqna]

Benchmark indices extended Friday’s losses, tanking by over -2% amid rising concerns of the Omicron variant. Dow and Nasdaq futures are down too, indicating a weak opening for US markets.

Brent Crude: 71.38 -2.91%
USD-INR Spot: 75.905 -0.24%
India 10Y bond yield: 6.438% +0.42%

Day’s trend:

All sectoral indices were in red today, with the Realty index being the biggest loser.

Amongst the F&O stocks

Cipla was the top gainer.

While AU Small Finance Bank was the top dragger.

In the news

Competition Commission of India (CCI) suspended Amazon’s 2019 deal with Future Retail on Friday. As a result, the shares of Future Group’s listed companies rallied up to 20% today.

Retail sales in India grew by 9% in November compared to pre-pandemic levels in the same month in November 2019, indicating an improvement in businesses.

Hindustan Unilever has hiked the pricing of a few soaps and detergents by 7 to 10%.

Cipla gained 3% after the company received final approval from the US Food and Drug Administration (USFDA) for its Lanreotide injection.

Shares of Shriram Properties listed below 20% of the issue price.

IDBI Bank gets hit by ₹6,710 crore loan default by a diamond merchant, the biggest since Nirav Modi. Story here.

Around the World

China’s central bank cut the benchmark lending rate on Monday for the first time since April 2020, during the height of the coronavirus pandemic in the country.

The World Trade Organization on Monday said that the global merchandise trend fell by 0.8% in the third quarter, adding that the emergence of the Omicron coronavirus variant had raised the risk of missing the forecast 2021 growth rate.

[Prakashsingh]

Good Morning folks.

Market is poised for a gap up as per SGX. But it is landing near the resistance zones of 16800-900 which will be tough to crack initially. Overall the strategy seems to be working as we the strategy yesterday was to go long near 16480-500 zones.

I will be little bit cautious with my long positions at the upper band of 16800-900 (which was the previous support zone)

Update : I’m out from my nifty longs at this zone of 16865-70. Will focus on stocks which offer better risk reward.

[hitesh_modi]

16750-16850 will act as a immediate resistance zone for today for 17000 ;evels ’
16500 will act as immediate support zone for today for 16200 levels …

[Prakashsingh]

Surprising to see market sustaining above the resistance zones frankly speaking. What one day can do in markets Yesterday the talk was about 16000 expiry… now we are near 16900 in a day. Loving these high voltage swings in the mrkt.

[Brijesh_Ojha]

14.2 Million Calls squared off for the weekly , 12.Pes 1 M Pes were sold , next supprt at 16500 and 16800 , 17000 strong resistance .

[Tradingqna]

Markets slid from day’s highs but managed to bounce back after yesterday’s sharp fall, closing up by around 0.9%. US markets too look set for a positive opening.

Brent Crude: 72.43 +1.27%
USD-INR Spot: 75.6 -0.40%
India 10Y bond yield: 6.469% +0.53%

Day’s trend:

All sectors managed to close in green. Metal index was the biggest gainer, surging by over 2.9%.

Amongst the F&O stocks

Indus Towers was the highest gainer.

Shriram Transport Finance was the top loser.

In the news

Competition Commission of India approved the Tata Group’s proposed acquisition of Air India and two of its units.

MapMyIndia made a strong debut as it listed 45% over the issue price. Ending the first trading session up by almost 35%.

Exide Industries received in-principle approval from its board for its plans to set up lithium-ion cell manufacturing.

Indian Oil Corporation acquires a 4.93% stake in Indian Gas Exchange.

SBI has acquired a minority stake in JSW Cement with an investment of Rs 100 crore via CCPS.

India’s auto component manufacturing industry grew 65% during H1 2021: ACMA

Around the World

French drugmaker Sanofi in a $1 bln deal to buy U.S.-based Amunix Pharma.

Nikola Corp agrees to pay $125 mln to settle SEC charges of defrauding investors.

[Prakashsingh]

Monthly put writers sitting at 17k are still not panicking. Would be interesting to see who gives up first.

[Prakashsingh]

Bank Nifty is the key now. If sustains above 35k today. That should be a positive indicator for this monthly expiry. Im biased towards longs in Bnifty more than nifty for the next 1 week

As expected Nifty is struggling to climb the 16900 wall…which was the support before.

Broad market range for this expiry is 16400-17200

Narrow range would be 16600-16900.

[Tradingqna]

Nifty and Sensex extended gains for the second straight day, up by 1.1%. The US market is likely to be off to a mixed start.

Brent Crude: 74.09 +0.18%
USD-INR Spot: 75.55 -0.07%
India 10Y bond yield: 6.465% -0.05%

Day’s trend:

All sectoral indices finished in the green for the second straight session, with the Realty index leading the way, climbing 2.95%.

Amongst the F&O stocks

GMR Infrastructure Ltd was the highest gainer.
ICICI Lombard General Insurance Co Ltd was the top loser.

In the news

The board of directors of Zee Entertainment Enterprises Ltd. approved the company’s merger with Sony Pictures Networks India.

Deepak Nitrite’s board has approved the raising of funds through the QIP route for an aggregate amount up to Rs 2,000 cr.

ABB India’s board okayed incorporation of wholly-owned subsidiary to divest turbocharger business for Rs 310 cr.

Zydus Cadila received approval from the USFDA to market Pimavanserin tablets, used in the treatment of certain mental disorders, in the American market.

Around the World

The European Commission proposed a law that would implement in Europe a global deal struck among the 20 biggest world economies (G20) on a minimum tax rate for companies.

Norway’s Aker BP will acquire oil and gas businesses of Sweden’s Lundin Energy in a $10bn deal. Creating the second-largest producer on the Norwegian Continental shelf.

[Prakashsingh]

Are we witnessing the santa short covering rally in the mrkts? frankly didnt expect 16900 resistance to be breached that easily. I’m expecting a retest of 16900 sometime soon.

That being said, Bank Nifty offers better Risk reward compared to nifty in my view. Globally omicron cases are rising exponentially for sure. But, like always how much of this is in price is the million dollar question.

Fresh longs in nifty here are kind of risky. better to focus on bnifty n stocks which are battered heavily,

[eaglem]

Expecting BN fut might not break today’s high (i.e/ 35410). my SL is above 35650.

[Prakashsingh]

Somethings cooking in energy sector. Keep an eye. (Long side)

[monika_singh]

Yesterday, I was exploring BankNIfty & saw a few good technical responses on zoomstocks, it was handy, and I was more confident in my strategy and went ahead and made a profitable trade. think we can share technical inputs there with the users. good place maybe

[Tradingqna]

Benchmark indices managed to rise for the third successive session, up by around 0.7%. Dow and Nasdaq futures are trading higher, indicating a positive start for US markets.

Brent Crude: 75.57 +0.39%
USD-INR Spot: 75.23 -0.42%
India 10Y bond yield: 6.46% -0.06%

Day’s trend:

On the sectoral front, the Realty index continued leading the gainers, up by over 2.3%. The media index was the top dragger, down by over -1%.

Amongst the F&O stocks

Firstsource Solutions was the highest gainer.
ZEEL was the top loser.

In the news

MedPlus Health Services made a strong debut, listing at over 30% to the issue price. Closing the day up by around 40%.

CMS Info Systems IPO was subscribed 1.95 times on the final day. The retail portion was booked 2.15 times, while QIB was 1.98.

Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from January 4, 2022, to offset the impact of steadily increasing commodity prices.

Automobile dealers group FADA warned that if chip-making countries are put on lockdown due to the spread of the Omicron variant of COVID-19, it may affect the passenger vehicle supplies.

NCLT has approved GMR Infra’s demerger of the company’s non-airport businesses.

IPO fundraising reaches an all-time high of Rs 1.18 trillion in 2021. Story here.

Around the World

Tesla shares rose after CEO Elon Musk said he was “almost done” with stock sales after selling over $15 billion worth for more than one month.

Tencent hands shareholders $16.4 bln windfall in the form of JD.com stake: More here.

Global merger and acquisition (M&A) activity jump’s by 63% in 2021 to top the $5 trillion mark. Story here.

[Prakashsingh]

i will try to keep things simple today : Market is following the trend of US Markets. S&P is at All time high . Dow is hardly 1% away from fresh highs.

Rest is all noise.

17150-200 is the resistance zone. Lets see what happens here. I think downside for this expiry is capped at 16850-900 zones.

I will prefer to focus on stocks than index today. Will update the thread if I find anything interesting.

PS : There’s also a monday fall sentiment and fear among various section of market participants. keep that factor while considering any carry forwrd positions

[eaglem]

Positionally my view is bearish on tatapowerfut
closing SL will be above 223.

** not for trade, just a view

[Prakashsingh]

Bank Nifty optically still looks the weakest.

I want to take a contra long near 34850-900 zones for 36k++ before month end RR: 1 :3