Daily Research Reports

# If history is any guide, Nifty perma-bulls

shall be expecting a happy new year.
# The big positive catalyst:
November US PCE inflation figures (dropped to 3.2%,
below the anticipated 3.3%) in the US came in cooler
than expected.
# The big negative catalyst:
In last week’s trade, the FIIs sold again to the tune
of Rs. 6422 crores.
# Technically, caution will be the buzzword only
if Nifty slips below 20976 mark.

Disclosures and Disclaimer : This report must be read with the disclosures in the Disclosure appendix,
and with the Disclaimer, which forms part of it. This document does not contain any investment views or opinions.
 MORNING GLOBE Tuesday
26th December, 2023

Good Morning & Welcome to Tuesday’s trading session at Dalal INDICES

Street, dated December 26th 2023. Nifty 21349 0.44%

# The bullish theme at Dalal Street shall revolve around the ‘Santa Claus Bank Nifty 47492 -0.73%
Rally’ which refers to the final five trading days of the year, plus the first two Nifty Auto Index 17779 1.37%
trading days of the new year.
Nifty FMCG Index 55101 0.54%
# Interestingly, the Santa Claus Rally period kicked off Friday with a decent Nifty Infra Index 7135 0.67%
gain for the Nifty.
Nifty IT Index 35638 2.27%
# Our call of the day suggests year end window dressing theme should prop Nifty Media Index 2391 0.43%
up stocks in this week’s trading.
Nifty Midcap Index 12838 0.57%
# If history is any guide, Nifty perma-bulls shall be expecting a Nifty Metal Index 7653 1.71%
Happy New year.
Nifty Pharma Index 16394 0.96%
# From a technical perspective, Nifty’s upside targets are at 21593 mark. Nifty Reality Index 763 2.55%

# The big positive catalyst: Nifty Smallcap Index 14846 1.08%

Sensex 71107 0.34%

November US PCE inflation figures (dropped to 3.2%, below the anticipated
3.3%) in the US came in cooler than expected. SGX Nifty 21409 0.06%

# Meanwhile, the big negative catalyst:

Outlook for the Day
In last week’s trade, the FIIs sold again to the tune of Rs. 6422 crores. Positive session likely.

# Technically, caution will be the buzzword only if Nifty slips below 20976
mark.

The line in the sand is at Nifty’s make-or-break support at 20976 mark. Nifty Outlook
Intraday Positive (21250-21550)
# Bottom-line: As the Perma-bulls chill the bubbly for their year-end
celebrations, we suspect, Nifty too is likely to scale fresh uncharted territory. Medium Term Positive (19500-21550)

Long Term Positive (18500-22000)

Now, before we get into detail, here is the preferred trade on Nifty
and Bank Nifty:

Nifty (21349): Buy at CMP. Stop at 20929. Targets 21401/21593.

Aggressive targets at 21751-22000 zone.
Key Levels to Watch
Nifty Support 21207/20976
# Bank Nifty (47492): Buy at CMP. Stop at 46611. Targets 47901/48219.
Aggressive targets at 49101-49500 zone. Nifty Resistance 21593/22000

Pivot Level
Outlook for Tuesday: Bullish theme shall be on work…
Nifty 19971
# It's Christmas for bulls on Dalal Street.

Money Must Grow | www.globecapital.com


# Now, there are two headwinds:
1) In last week’s trade, the FIIs sold again to the tune of Rs. 6422
crores.
2) Lingering fears over the fast-spreading Omicron coronavirus variant
after the Christmas holiday.
# Now, the 3-big positive catalysts:
1) Investors remain upbeat on India's growth prospects.
2) WTI oil prices stay depressed below $74 a barrel.
3) The US 10-year Treasury note have fallen below 3.9%, the lowest
since July.
SECTORS:
# Bullish Sectors: IT, AUTO, PSE, METAL.
# Bearish Sectors: NIL.
STOCKS IN FOCUS:
# BULLISH VIEW: National Aluminium Company, Sun TV Network,
Piramal Enterprises, Birlasoft, and Hero MotoCorp.
# BEARISH VIEW: Apollo Tyres, RBL Bank, M&M Financial Services, PI
Industries, Marico, Ipca Laboratories, MCX India, Siemens India, Info Edge
India, Hindustan Copper, Tata Chemicals, Astral, IDFC First Bank, Abbott
India, Federal Bank
# Our chart of the day is bullish on COAL INDIA, ZOMATO, BRITANNIA,
and SRF on any intraday weakness with an inter-week perspective.
# The 1 stock to buy right now: Buy COAL INDIA (CMP 360). Buy at CMP.
Stop 343. Targets 372/389. Aggressive targets at 401. (Interweek
Strategy). Rationale: Momentum Play.
WHAT TECHNICAL TELLS US ON NIFTY/SENSEX:
Money Must Grow | www.globecapital.com
MORNING GLOBE
Technical Strategy
ZOMATO 128
Action BUY
Target 181
Support 111/97
Resistance 171/225
Holding Period 9-12 Months.
Incorporated in the year 2010, Zomato is an Indian multinational restaurant
aggregator and food delivery company founded by Pankaj Chaddah and
Deepinder Goyal and was first launched under the name ‘FoodieBay’ in 2008.
Zomato commands a market share of Rs. 94,924.36 Crore.
Initially launched as Foodiebay, it was later renamed Zomato in 2010. The
company is headquartered in Gurugram, India, and has expanded its services to
multiple countries around the world.
Zomato’s technology platform connects customers, restaurant partners and
delivery partners, serving their multiple needs. Customers usually use Zomato’s
platform to search and discover restaurants, read and write customer generated
reviews and view and upload photos, order food delivery, book a table and make
payments while dining-out at restaurants.
On the other hand, Zomato provides restaurant partners with industry-specific
marketing tools which enable them to engage and acquire customers to grow
their business while also providing a reliable and efficient last mile delivery
service.
Zomato also operate a one-stop procurement solution, Hyperpure, which
supplies high quality ingredients and kitchen products to restaurant partners.
Key highlights:
The India online food delivery market size reached US$ 28.4 Billion in 2022.
Looking forward, IMARC Group expects the market to reach US$ 118.2 Billion by
2028, exhibiting a growth rate (CAGR) of 27.8% during 2023-2028.
1) Increasing access to high-speed internet facilities and the boosting sales of
smartphones esp. improving tech-savvy penetration.
2) Rising consumption.
3) Rising income.
4) Growth in urbanization, growing working population and inflating income
levels are driving online delivery adoption in India.
5 The rising trend of the on-the-go food items, speed and precision of delivery,
are increasing the demand.
6) With the exit of Amazon, the food delivery market is now a settled duopoly
with Zomato (55% market share) and Swiggy (45%).
7) The food delivery industries’ market has a very high moat indicating Zomato’s
ability to maintain competitive advantages to protect its long-term profits and
market share from new entrants given the significant capital requirement to
displace the incumbents.
# Q1FY24 Highlights:
1) Surprised investors after reporting a net profit for the first time. Posted a
stellar operating performance as profit after tax (PAT) at Rs 2 crore in the June
2023 quarter. The company had reported a net loss of Rs 189 crore and 186 crore
in the March 2023 quarter and June 2022 quarter, respectively.
2) Revenue from operations rose 71% to Rs 2,416 crore in the June quarter.
3) The positive takeaway was that sharp improvement in profitability was
witnessed in all three businesses of Zomato viz. food delivery, quick commerce
and hypercure.
# Technically, brace yourselves with the recent sequence of a higher high/low
formation on the daily, weekly and monthly time frames. An impulse uptrend is
seen forming on the daily time scale with positive SAR series.
Add to that a bullish divergence and a rising stochastic signal (on daily charts)
with recent increase in volumes signaling a larger rebound. The 200 days
Exponential Moving Average (EMA) of the stock on the daily chart is currently at
77-79 zone. The level of 77-79 zone will act as a strong support zone.
Look to accumulate at CMP, and on dips between 95-100 zone,
targeting 151/163 and then aggressive targets at 201 with stop below
89. Holding Period: 12-15 months.
 MORNING GLOBE

Daily chart of Nifty:

# Nifty: In Friday’s trade, the benchmark Nifty witnessed massive rebound and the positive takeaway was that Nifty ended
way above the dotted lines on the daily charts.

Nifty new all-time-high is now placed at 21,593 mark.

Technically speaking, Nifty’s technical picture shifts to positive despite overbought technical conditions with biggest
interweek hurdles at Nifty’s 21,593 mark.

Biggest intraday support now seen at 21000 mark and then next supports are placed at the 20976 mark.

Nifty’s 200 DMA at 19071 mark.

Daily chart of Bank Nifty:

# Bank Nifty: In Friday’s trade, Bank Nifty witnessed massive consolidation but the negative takeaway was that the Bank
Nifty ended way below the dotted lines.

Bank Nifty ended 0.73% higher as against Nifty’s 0.44% gains.

Nifty PSU Bank index ended 0.69% lower while Nifty Private Bank index ended 0.67% lower.

Bank Nifty’s fresh new all-time-high now at 48219.95 mark.

Intraday support for Bank Nifty now seen at 47178 and then at 46919/46507 mark on closing basis. Major inter-month
supports are placed at 45500 mark

Money Must Grow | www.globecapital.com

 MORNING GLOBE

In today’s trade, Bank Nifty is likely face resistance at 48219 mark and then hurdles are placed at 49000. Bank Nifty’s 200-
DMA is placed at 43866 mark.

DERIVATIVE & INSTITUTIONAL CUES:

# The Nifty options data suggests Nifty is likely to be in a trading range of 21000-22000 zone. Maximum Call OI is at
22000 followed by 21500 strike prices. So, the 22000 mark will be Nifty’s crucial resistance zone. Maximum Put open
interest stands at 21000 levels followed by 21200 levels. Call writing was seen at 22500 and then at 22000 strike price,
while there was meaningful Put writing at 21300 and then at 21400 strike prices.

# The Volatility index is hovering at 13.70 level.

# Nifty’s Put-Call Open Interest Ratio is at 1.12.

# Stocks in Ban for today’s trade: Ashok Leyland, Balrampur Chini Mills, Delta Corp, Hindustan Copper, India Cements,
and SAIL.

ECONOMIC CUES:

# As widely expected, Federal Reserve held interest rate steady at a 22-year high of 5.25%-5.5% for the third consecutive
time. This decision came in line with the market expectation.

FOMC sees inflation slowing to 2.4% in 2024. The revised Summary of Economic Projections, the so-called dot plot,
signaled 75 bps rate cuts in 2024.

# The Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5% as expected and raised the FY 24 GDP forecast to
7% from 6.5% earlier. However, RBI retained the FY 24 CPI inflation forecast at 5.4%. The MPC of the central bank also
retained its stance of remaining focused on “withdrawal of accommodation."

GLOBAL STOCK MARKETS:

Markets digested recent gains ahead of the long holiday weekend on Friday. While a cooler-than-expected reading on the
Fed's favorite inflation gauge boosted bets for additional interest rate cuts next year, some downbeat earnings news kept
overall gains in check.

At the closing bell, the blue-chip Dow Jones slipped less than 1% to finish at 37,385, while the broader S&P 500 rose 0.2%
to 4,754. The tech-heavy Nasdaq Composite added 0.2% to finish at 14,992.

All three benchmarks posted an eighth consecutive weekly gain. The S&P 500 hasn't enjoyed a weekly winning streak this
long since late 2017. It's now down less than 1% on a price basis from its record close of January 3, 2022. For the Nasdaq
and the Dow, these are the longest such weekly winning streaks since the beginning of 2019.

RECAP OF PREVIOUS DAY’S TRADING SESSION:

Nifty Bulls end higher just ahead of Christmas, on back of positive Wall Street cues and a dovish Federal Reserve.

Money Must Grow | www.globecapital.com

 MORNING GLOBE

NIFTY (+94, 21349) Sensex (+242, 71107)

Barring banking and financial service stocks, all sectoral indices stick to gains with Nifty Realty and IT indices gaining over
2% each.

# The positive takeaway from today’s trade was that Nifty recouped most of its Wednesday’s losses, reclaiming the 21300
mark.

Nifty’s new all-time-high continues to be at 21,593 mark.

# Long story short: Christmas celebrations continue ahead of long-weekend.

BUZZING STOCKS:

Top Index Gainers: WIPRO (+6.43%) HCLTECH (+2.61%) BAJAJ AUTO (+2.37%)

Top Index Losers: GRASIM (-1.83%) HDFCBANK (-1.07%) BAJFINANCE (-1.05%)

# Adv-Dec 38—12

# INDIA VIX 13.70 (-0.44%)

# Nifty PCR (28th DEC) 1.12

# BANKNIFTY PCR (28th DEC) 0.93

# Nifty MidCap 50 (+0.57%, 12838)

# NiftySmallC (+1.08%, 14846)

# BANK Nifty (-0.73%, 47492)

# Nifty IT (+2.27%, 35638)

# USD/INR (-0.13%, 83.16)

Money Must Grow | www.globecapital.com

 TOP PICKS (F & O)
It's like having investment binoculars !

COAL INDIA: The 1 Stock To Buy Right Now With An InterWeek Perspective but on dips.

STOCKS LTP S1 S2 R1 R2 BIAS TRADING STRATEGY

Buy between 1045-1055 zone. Stop 1013. Targets

AUROBINDO PHARMA 1066 1036 999 1121 1157 Positive 1127/1157. Aggressive targets at 1203. (Interweek
Strategy). Rationale: Breakout Play.

Buy at CMP. Stop at 3843. Targets 4001/4113.

HEROMOTO CORP 3936 3850 3751 4001 4261 Positive Aggressive targets at 4261. (Interweek Strategy).
Rationale: Momentum Play.

Buy at CMP. Stop 343. Targets 372/389. Aggressive

COAL INDIA 363 346 306 372 401 Positive targets at 401. (Interweek Strategy). Rationale:
Momentum Play.

Buy at CMP. Stop at 2339. Targets 2487/2521.

SRF 2454 2341 2221 2521 2667 Positive Aggressive targets at 2667. (Interweek Strategy).
Rationale: Momentum Play.

Buy at CMP. Stop at 959. Targets 1010/1037. Aggressive

TATA CONSUMER 993 967 937 1010 1037 Positive targets at 1053. (Interweek Strategy). Rationale:
Breakout Play.

Money Must Grow | www.globecapital.com

 EQUITY DERIVATIVES Tuesday
26th December, 2023
Looking into the future from present.

Derivatives Strategies
Changes in Open Interest (OI) in yesterday’s trade.

Future Call: BUY GMRINFRA DECEMBER FUTURES at CMP 74.65.

Nifty Spot 21349.40 (+0.44%)
Targets at 76 and then at 78. Stop at 72.35. Holding Period:
Intraday. Analyst’s Remark: Rebound Play. (GMRINFRA DECEMBER Bank Nifty Spot 47491.85 (-0.73%)
Futures CMP 74.65)
VIX 13.70 (-0.44%)

Option Call: BUY NIFTY 28th DECEMBER CE Strike Price 21500 at Premium +44 vs +123
CMP 62.55. Maximum Loss: ₹ 3,127.5/-. Profit: Unlimited. Stop: Nifty Future OI 1.00 crores (-9.25%)
Exit Call Option if NIFTY moves below 21175. (NIFTY DECEMBER
Futures CMP 21392.75) Bank Nifty Future OI 14.10 lakhs (-17.25%)

Market Summary: Cash Volumes Day Before

Yesterday
(INR in Cr.) Yesterday
• Nifty December Futures ended Friday’s session at a premium of +44
vs premium of +123. BSE Cash Vol.
8610.54 7889.14
(Rs. in Cr)
• The 28th December expiry Put-Call Open Interest Ratio was at 1.12
NSE Cash Vol.
for Nifty whereas it was 0.87 for Bank Nifty. 92,672.11 98,121.75
(Rs. in Cr)
• The 28th December expiry Put-Call Volume Ratio was at 0.88 for the NSE Derivative
3,497,949 8,276,554
Nifty and 0.93 for Bank Nifty. Vol. (Rs. in Cr)

• For Nifty, Maximum Call Open Interest (OI) stands at 22000 Strike
Derivatives Vol. No of Turnover
Price, followed by 21500 Strike Price for 28th December Series. Long
(INR in Cr.) contracts (Rs. In cr.)
Buildup was seen at strike prices 21100-21300.
• Maximum Put Open Interest (OI) was seen at strike price 21000 Index Future Volumes 181,190 16,298
followed by 20000 strike prices for 28th December series. Short Buildup
was seen at strike prices 20000-20900. Stock Future Volumes 1,872,187 144,702

• For Bank Nifty, Maximum Call Open Interest (OI) stands at 50000 Index Option Volumes 38,568,166 3,235,451
Strike Price and Maximum Put Open Interest stands at 45000 Strike
Price. Stock Option Volumes 1,276,910 101,497

• As per Friday’s provisional data available on the NSE, FIIs sold shares
Total 41,898,453 3,497,949
worth Rs. 2828.94 crores in the Indian Equity Market. DIIs on the other
hand, bought shares worth Rs. 2166.72 crores.
Major Changes in Nifty Options (OI)
• Long Buildup: NATIONALUM, GMRINFRA, JINDALSTEL,
BHARTIARTL. Calls in lakhs (% Change)

• Short Buildup: BAJFINANCE, AUROPHARMA, MCX, POLYCAB. 21100 0.2 (-13%)

21200 0.35 (-17%)
• Short Covering: L&TFH, COALINDIA, UPL, DLF.
21300 0.61 (+3%)
• Long Unwinding: PNB, SBIN, AUBANK.
• Stocks banned in F&O segment: ASHOKLEY, BALRAMCHIN,
Puts
DELTACORP, HINDCOPPER, INDIACEM, NATIONALUM, SAIL
21200 1.18 (+57%)
• New in Ban: NATIONALUM.
21300 1.09 (+82%)
• Out of Ban: MANAPPURAM, RBLBANK.
21400 0.76 (+124%)

Money Must Grow | www.globecapital.com

 DAILY PIVOT TABLE Tuesday
26th December, 2023

Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term
NIFTY 21349 20922 21776 20782 19070 DOWN UP UP
BSE SENSEX 71107 69685 72529 69190 64173 UP UP UP
BANKNIFTY 47492 46542 48442 46446 43900 UP UP UP
FINNIFTY 21197 20773 21621 20835 19571 UP UP UP
NIFTYMIDLI 10880 10662 11097 10494 8752 DOWN UP UP
NIFTYSMLCA 14846 14549 15143 14453 11532 UP DOWN UP

AARTIIND 599 587 611 570 508 DOWN UP UP

ABB 4759 4664 4854 4630 4094 DOWN UP UP
ABFRL 220 213 226 230 217 DOWN DOWN UP
ACC 2091 2049 2133 2070 1885 DOWN UP UP
ADANIENT 2808 2752 2865 2705 2305 DOWN UP UP
ADANIPORTS 1028 1007 1048 972 772 DOWN UP UP
ALKEM 4914 4816 5013 4761 3705 UP UP UP
AMBUJACEM 504 494 514 484 428 DOWN UP UP
APOLLOHOSP 5541 5431 5652 5501 4918 DOWN UP UP
ASIANPAINT 3341 3274 3408 3232 3143 UP UP UP
ASTRAL 1934 1895 1973 1941 1790 DOWN DOWN DOWN
ATUL 6988 6848 7128 6797 6862 DOWN UP UP
AUBANK 765 750 781 746 710 UP UP UP
AUROPHARMA 1066 1045 1088 1032 769 UP UP UP
AXISBANK 1088 1067 1110 1096 962 DOWN UP UP
BAJAJ-AUTO 6372 6245 6500 6182 4852 DOWN UP UP
BAJAJFINSV 1672 1639 1705 1687 1507 DOWN UP UP
BANDHANBNK 235 228 242 235 231 DOWN UP UP
BANKBARODA 224 217 230 212 193 UP UP UP
BHARATFORG 1202 1178 1226 1167 939 DOWN UP UP
BHARTIARTL 990 970 1009 998 870 DOWN DOWN UP
BHEL 178 173 184 174 108 DOWN UP UP
BIOCON 246 239 254 243 243 DOWN UP UP
BOSCHLTD 21634 21201 22067 21681 19313 UP UP UP
BPCL 447 438 456 447 368 DOWN UP UP
BRITANNIA 5161 5058 5264 4911 4646 UP UP UP
BSOFT 741 726 756 667 432 UP UP UP
CANBK 426 418 435 428 340 DOWN UP UP
CANFINHOME 765 749 780 781 713 DOWN DOWN UP
CHAMBLFERT 360 349 371 338 286 UP UP UP
CHOLAFIN 1251 1226 1276 1173 1063 UP UP UP
CIPLA 1236 1211 1260 1212 1083 UP DOWN DOWN
COALINDIA 363 352 374 349 262 UP UP UP
COFORGE 6290 6164 6416 5893 4821 DOWN UP UP
COLPAL 2407 2359 2455 2310 1859 UP UP UP
CONCOR 832 816 849 820 683 DOWN UP UP
COROMANDEL 1231 1206 1256 1203 1030 DOWN UP UP
CROMPTON 302 293 311 293 289 UP UP DOWN
CUB 146 142 151 153 134 DOWN DOWN DOWN
CUMMINSIND 2013 1973 2053 1937 1753 UP UP UP
DABUR 529 519 540 542 547 DOWN DOWN UP
DALBHARAT 2194 2150 2238 2293 2104 DOWN DOWN UP
DEEPAKNTR 2379 2332 2427 2244 2051 UP UP UP
DELTACORP 143 139 147 139 184 DOWN UP DOWN
DIVISLAB 3695 3621 3769 3712 3481 DOWN UP UP
DIXON 6478 6349 6608 6014 4396 UP UP UP
DLF 716 702 730 663 503 UP UP UP
EXIDEIND 293 285 302 291 238 DOWN UP UP
FEDERALBNK 154 149 159 153 137 UP UP UP
GAIL 152 147 156 138 117 UP UP UP
GLENMARK 839 823 856 801 685 UP UP UP
GMRINFRA 75 72 77 68 52 DOWN UP UP
GNFC 731 717 746 718 610 DOWN UP UP
GODREJCP 1074 1053 1096 1034 1006 UP UP UP
GODREJPROP 1972 1932 2011 1924 1540 DOWN UP UP
GRANULES 386 374 397 388 319 DOWN UP UP
GRASIM 2046 2005 2087 2055 1818 DOWN UP UP
GUJGASLTD 447 438 456 439 458 DOWN UP UP
HAL 2704 2650 2758 2599 1849 DOWN UP UP
HAVELLS 1352 1325 1379 1326 1298 UP UP UP
HCLTECH 1463 1433 1492 1380 1187 DOWN UP UP
HDFCAMC 3222 3157 3286 3005 2336 UP UP UP
HDFCBANK 1671 1637 1704 1616 1604 UP UP UP
HDFCLIFE 640 627 653 673 607 DOWN DOWN UP
HEROMOTOCO 3936 3857 4014 3777 2958 UP UP UP
HINDALCO 570 559 582 532 452 UP UP UP
HINDCOPPER 227 220 233 185 134 UP UP UP
HINDPETRO 369 358 380 364 272 DOWN UP UP
ICICIBANK 994 974 1014 989 940 DOWN UP UP
ICICIGI 1423 1394 1451 1447 1277 DOWN UP UP
INDHOTEL 439 430 448 433 386 DOWN UP UP
INDIACEM 251 244 259 254 217 DOWN UP UP
INDIAMART 2712 2658 2766 2690 2804 DOWN UP UP
INDIGO 2871 2814 2929 2836 2404 DOWN UP UP
INDUSINDBK 1562 1531 1594 1517 1337 UP UP UP
INDUSTOWER 186 180 191 189 169 DOWN UP UP
INFY 1563 1532 1594 1490 1388 UP UP UP
IOC 124 120 127 117 92 DOWN UP UP
IPCALAB 1063 1041 1084 1108 866 DOWN DOWN UP
IRCTC 861 844 878 765 658 DOWN UP UP
ITC 455 446 464 450 436 DOWN UP UP
JINDALSTEL 726 712 741 700 623 DOWN UP UP
JKCEMENT 3782 3707 3858 3759 3223 DOWN UP UP
JSWSTEEL 855 838 872 828 760 UP UP UP
JUBLFOOD 581 570 593 560 495 UP UP UP
KOTAKBANK 1861 1823 1898 1812 1816 UP UP UP
L&TFH 153 148 157 152 120 DOWN UP UP
LALPATHLAB 2597 2545 2648 2613 2245 DOWN DOWN UP
LAURUSLABS 415 406 423 385 357 UP UP UP
LICHSGFIN 517 507 528 508 413 DOWN UP UP
LT 3478 3408 3548 3317 2642 UP UP UP
LTIM 6229 6105 6354 5765 5068 UP UP UP
LTTS 5205 5100 5309 4912 4147 DOWN UP UP
LUPIN 1265 1240 1290 1251 968 DOWN UP UP
M&M 1634 1602 1667 1651 1443 DOWN UP UP
MCDOWELL-N 1076 1054 1098 1063 938 DOWN UP UP
MCX 3164 3101 3227 3168 1877 UP UP UP
METROPOLIS 1715 1680 1749 1658 1407 UP UP UP
MFSL 939 921 958 1001 810 DOWN DOWN DOWN
MGL 1195 1171 1219 1127 1045 UP UP UP
MIDCPNIFTY 10252 10047 10457 9951 8362 DOWN UP UP
MOTHERSON 95 91 98 94 87 DOWN UP UP
MPHASIS 2738 2684 2793 2471 2139 UP UP UP
MRF 119544 117153 121935 116002 101878 UP UP UP
MUTHOOTFIN 1475 1446 1505 1440 1212 DOWN UP UP
NATIONALUM 115 112 119 100 90 DOWN UP UP
NAUKRI 5007 4906 5107 4827 4236 UP UP UP
NAVINFLUOR 3764 3688 3839 3775 4258 DOWN UP UP
NESTLEIND 25368 24861 25876 24703 22295 UP UP UP
NMDC 195 190 201 186 131 DOWN UP UP
NTPC 303 294 312 283 212 UP UP UP
OBEROIRLTY 1407 1379 1435 1429 1078 DOWN UP UP
OFSS 4212 4128 4296 4141 3818 DOWN UP UP
ONGC 204 198 210 198 173 UP UP UP
PERSISTENT 7431 7283 7580 6655 5317 UP UP UP
PETRONET 214 208 221 208 224 DOWN UP UP
PFC 387 375 399 376 208 DOWN UP UP
PIDILITIND 2643 2591 2696 2580 2506 UP UP UP
PIIND 3428 3359 3497 3640 3500 DOWN DOWN DOWN
PNB 89 86 92 85 63 DOWN UP UP
POLYCAB 5359 5252 5466 5444 4282 DOWN UP UP
POWERGRID 232 225 239 224 191 UP UP UP
PVRINOX 1701 1667 1735 1736 1583 DOWN DOWN UP
RAMCOCEM 980 960 999 1010 887 DOWN UP UP
RBLBANK 272 264 281 261 202 DOWN UP UP
RECLTD 407 398 415 395 217 DOWN UP UP
RELIANCE 2565 2514 2616 2457 2344 UP UP UP
SAIL 113 109 116 101 89 DOWN UP UP
SBICARD 773 758 789 756 810 UP UP DOWN
SBILIFE 1394 1366 1422 1438 1270 DOWN DOWN UP
SBIN 637 624 649 608 576 UP UP UP
SHREECEM 28187 27623 28750 27688 25404 UP UP UP
SHRIRAMFIN 2055 2014 2097 2027 1688 DOWN UP UP
SIEMENS 3956 3876 4035 3838 3614 DOWN UP UP
SRF 2454 2405 2503 2408 2351 DOWN UP UP
SUNPHARMA 1244 1219 1269 1228 1078 UP UP UP
SUNTV 726 711 740 680 535 UP UP UP
SYNGENE 705 691 719 720 722 DOWN DOWN DOWN
TATACHEM 1022 1002 1042 998 996 DOWN UP UP
TATACOMM 1730 1696 1765 1719 1567 DOWN UP UP
TATACONSUM 993 973 1013 952 837 UP UP UP
TATAMOTORS 725 710 739 712 583 UP UP UP
TATAPOWER 327 317 336 306 236 UP UP UP
TATASTEEL 134 130 138 131 117 DOWN UP UP
TCS 3824 3748 3900 3635 3379 UP UP UP
TECHM 1275 1250 1301 1237 1155 DOWN UP UP
TITAN 3627 3555 3700 3545 3005 UP UP UP
TORNTPHARM 2223 2178 2267 2114 1847 UP UP UP
TRENT 2966 2906 3025 2859 1888 UP UP UP
TVSMOTOR 1968 1928 2007 1921 1407 DOWN UP UP
UBL 1685 1651 1718 1687 1528 DOWN UP UP
ULTRACEMCO 9969 9770 10168 9445 8206 UP UP UP

All level indicated above are based on cash market prices.

Pivot Point

PP : Pivot Point : This is trigger point for weekly buy/sell based on the price range of the previous week.
R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1.
S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1.

As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1.
If R1 is crossed then R2 becomes the next target with the stop loss at R1.

Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1.

If S1 is crossed then S2 becomes the next target with the stop loss at S1.
This is a trading tool. The key to use of this tool is the use of STOP LOSS.

Money Must Grow | www.globecapital.com

 DAILY PIVOT TABLE Tuesday
26th December, 2023

Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term

ALUMINIUM 1 205 199 212 200 203 UP UP UP

COPPER 1 725 711 740 719 728 UP UP UP
Instrument LTP S1 S2 R1 R2 Bias TRADING STRATEGY
CRUDEOIL 1 6164 6041 6287 6102 6434 DOWN UP DOWN
GOLD 1 62972 61713 64231 62234 59752 DOWN UP UP
MCX GOLD
LEAD 1 180 175 185 183 184 DOWN DOWN DOWN
NATURALGAS 1 217 210 224 218 218 DOWN UP DOWN
NICKEL 1423 1394 1451 1634 1950 DOWN DOWN DOWN
MCX SILVER
SILVER 1 75448 73939 76957 74453 72452 DOWN UP UP
STEEL 1 44210 43326 45094 43833 46320 DOWN UP DOWN
ZINCCRUDE
MCX 1 OIL 227 220 233 222 225 UP UP DOWN
0 0
CASTOR 1 5775 5660 5891 5899 6076 DOWN DOWN DOWN
DHANIYA 1
MCX COPPER 7428 7279 7577 7579 6982 DOWN DOWN UP
GUARGUM5 1 11060 10839 11281 10997 11564 DOWN UP DOWN
GUARSEED10 1 5538 5427 5649 5507 5679 DOWN UP DOWN
MCX NATURAL
JEERAUNJHA 1 38150 37387 38913 40149 48048 DOWN UP DOWN
GAS
MENTHAOIL 1 920 902 938 927 944 UP DOWN UP
- - - - - - - - -
- USD-INR - - - - - - - -
- - - - - - - - -

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 THE COMPASS
…Direction at a glance

USD/INR likely to tumble further

Instrument LTP S1 S2 R1 R2 Bias TRADING STRATEGY

MCX GOLD 62972 60451 58351 63301 65001 Negative Gold appears sell on strength. Intraday strategy: Sell at CMP. targets
60451/58351 with stop at 63301.

MCX SILVER 75448 73451 71891 76751 78001 Negative Silver price rebound but selling still the preferred theme. Intraday
strategy: Sell at CMP. targets 73451/71891 with stop at 76751

Rebound play seen in Crude Oil. Intraday strategy: Buy at CMP. Targets at
MCX CRUDE OIL 6164 5921 5699 6375 6501 Positive
6375/6501. Stop at 5921.

Copper back in positive action. Intraday strategy: Buy at CMP. Targets at

MCX COPPER 725.00 707 681 737 755 Positive
737/755. Stop at 707.

MCX NATURAL Natural Gas continues to tumble. Intraday strategy: Sell at CMP. Targets
217.0 176 159 212 231 Negative 176/159 mark. Strict stop at 214.
GAS

USD/INR weakens owing to a weak US Dollar. Interweek Strategy: Sell at

USD-INR 83.17 82.65 82.11 83.55 84.01 Negative CMP. targeting 82.65/82.11 mark. Strict Stop at 83.55.

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 THE NAVIGATOR
…Sailing global trend

Dow Jones likely to touch psychological 38000 mark

Instrument LTP S1 S2 R1 R2 Bias TRADING STRATEGY

Gold prices witness correction. Interweek Strategy: Sell at CMP. Targets

GOLD (USD) 2065 2021 1977 2055 2077 Negative 2021/1977 mark with stop at 2061.

Selling on strength preferred for Silver. Interweek Strategy: Sell at CMP.

SILVER (USD) 24.47 23.00 22.75 24.75 25.45 Negative Targets 23/22.75mark with stop at 24.75

WTI CRUDE Crude Oil prices attempt a rebound. Interweek strategy: Buy at CMP.
73.49 69 64 74 77.00 Positive Targets 74/77 with stop at 69.
OIL (USD)

EUR/USD rebound. Interweek Strategy: Buy at CMP. Targets

EUR/USD 1.1015 1.0781 1.0331 1.1157 1.1451 Positive 1.1157/1.1451 with stop at 1.0781

US Dollar Index witnesses profit-booking. Interweek Strategy: Sell at CMP.

US Dollar Index 101.36 100.00 97.50 103.00 106.00 Negative Targets 100/97.50 with stop at 103.45

Buying on dips preferred for Dow Jones. Interweek strategy: Establish

DOW JONES 37386 37101 36651 37666 38000 Positive Buy positions at CMP. Targets 37666 and then at 38000 with stop at
37101.

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