DAILY MARKET

MIRROR

Har nivesh ke liye

har niveshak ke saath
28th Dec 2023
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END OF DAY SUMMARY
BROAD MARKET INDICES SECTORAL INDICES

NIFTY 50 NIFTY BANK

NIFTY NEXT 50 NIFTY AUTO

NIFTY 100 NIFTY FINANCIAL SERVICES

NIFTY 200 NIFTY FMCG

NIFTY 500 NIFTY IT

NIFTY MIDCAP 50 NIFTY MEDIA

NIFTY MIDCAP 100 NIFTY METAL

NIFTY SMALLCAP 100 NIFTY PHARMA

0.00 0.20 0.40 0.60 0.80 1.00 1.20 NIFTY PSU BANK

NIFTY PRIVATE BANK

NIFTY REALTY

NIFTY HEALTHCARE INDEX

NIFTY CONSUMER DURABLES

NIFTY OIL & GAS

-0.5 0 0.5 1 1.5 2 2.5

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NIFTY VIEW
Chart Technical Snapshot
Closing Points % Change

21654 +213 +1%

Support S1 S2
21610 21540

Resistance R1 R2

21770 21820

TREND 20-EMA 50-EMA

20987 20396

Technical View

• Nifty hit a fresh all time high on the back of strong rally in frontline counters, ending the session 1% higher.
• Nifty PSU Bank and Nifty Auto were the best performing sectors up 2.06% and 1.51% respectively.
• Currently, 21630-21610 will act as an important support & Till 21610 holds, we can see index move towards 21750-21770.
• A surge above 21770, index can move towards 21800-21820 zone.
• On breakdown & sustenance below 21610, further correction up to 21560-21540 will be on the cards.

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BANK NIFTY VIEW
Chart Technical Snapshot
Closing Points % Change

48282 +557 +1.17%

Support S1 S2
48100 47850

Resistance R1 R2

48600 48900

TREND 20-EMA 50-EMA

46939 45720

Technical View
• Bank Nifty too closed at life time highs led by PSU banking counters.
• PNB and Bank of Baroda were the top gainer ending the day 4.01% and 3.04% higher respectively.
• Currently, Bank Nifty is expected take support at 48150-48100 and till this zone holds expect the index to rebound upto 48550-48600.
• On cross-over & sustenance above 48600, Short-covering up to 48850-48900 will be on the cards.
• A breach below 48100, index can correct towards 47900-47850 zone.

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SECTORAL MARKET BREADTH

% STOCKS WITHIN THE SECTORS TRADING ABOVE THEIR MOVING AVERAGES

SECTORAL INDICES 20-DMA 50-DMA 100-DMA 200-DMA
NIFTY BANK 92% 100% 92% 100%
NIFTY AUTO 80% 87% 93% 100%
NIFTY FINANCIAL SERVICES 58% 84% 84% 95%
NIFTY FMCG 80% 87% 80% 93%
NIFTY HEALTHCARE 80% 85% 90% 90%
NIFTY IT 100% 100% 100% 100%
NIFTY MEDIA 67% 89% 78% 100%
NIFTY METAL 80% 93% 93% 87%
NIFTY PHARMA 85% 95% 90% 95%
NIFTY PRIVATE BANK 70% 100% 90% 100%
NIFTY PSU BANK 58% 92% 100% 100%
NIFTY REALTY 70% 90% 100% 100%
NIFTY CONSUMER DURABLE 53% 60% 53% 67%
NIFTY OIL & GAS 93% 100% 87% 80%
• Above data indicates percentage constituents of sectorial indices which are trading above their major moving averages.
• Higher number of stocks trading above majority of moving averages indicate sector is in bullish trend.
• 20 and 50-DMA is showing short-term trend. While, 100-DMA is showing Medium-term trend and 200-DMA is showing Long-term trend.
• Disclaimer please read our website www.sbisecurities.in

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MARKET SENTIMENTS

FII/DII Trend NSE Advance/Decline Trend

FII/DII Trend NSE Advance/Decline
10,000.00 2000

1500
8,000.00
1000
6,000.00
500

4,000.00 0

2,000.00 -500

-1000
0.00
-1500
-2,000.00
-2000

-4,000.00 -2500
13-Dec 14-Dec 15-Dec 18-Dec 19-Dec 20-Dec 21-Dec 22-Dec 26-Dec 27-Dec 13-Dec 14-Dec 15-Dec 18-Dec 19-Dec 20-Dec 21-Dec 22-Dec 26-Dec 27-Dec

FII DII Advance Decline

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VOLUME AND DELIVERY DATA

Volume Shockers (Nifty 500) High Delivery Percentage (Nifty 500)

Average Volume Delivery Delivery Stock
Today's Volume Change Stock Symbol % Change Net Volume Volume Percentage Trend
Stock Symbol % Change Volume (week) (Times) Stock Trend
SANOFI -0.18 25439 23924 94.04 Sideways
3MINDIA 15.72 88939 2248 39.57 Bullish
CARBORUNIV 0.60 285492 234927 82.29 Sideways
SHARDACROP 6.42 2307746 102705 22.47 Bullish
APLAPOLLO -0.34 1074241 878281 81.76 Sideways
KANSAINER 3.78 4398942 245151 17.94 Bullish
JKPAPER 4.46 5550563 567762 9.78 Bullish GUJGASLTD -0.32 4416912 3496446 79.16 Bullish
POLYPLEX 5.04 911372 104491 8.72 Sideways INGERRAND 0.62 30152 23736 78.72 Sideways
UFLEX 3.51 896536 107820 8.32 Bullish OFSS 0.86 125786 98227 78.09 Sideways
POLYMED 5.56 421378 54059 7.79 Sideways AAVAS 1.81 524590 408425 77.86 Sideways
IBULHSGFIN 0.82 220 29 7.69 Sideways RBA -1.12 2086377 1615776 77.44 Bearish
BBTC 3.77 574476 84122 6.83 Bullish DABUR 0.71 3308899 2544490 76.90 Sideways
ALKYLAMINE -1.88 453106 71988 6.29 Bullish LINDEINDIA -2.02 71992 55187 76.66 Bearish

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Disclosures & Disclaimers
SBICAP Securities Limited
(CIN): U65999MH2005PLC155485
SEBI Registration No.: Stock Broker: INZ000200032 | DP Registration No.: IN-DP-314-2017| Research Analyst : INH000000602 | Portfolio Manager: INP000004912 | IRDA : CA0103
Registered & Corporate Office: Marathon Futurex, A Wing, 12th Floor, N. M. Joshi Marg, Lower Parel, Mumbai-400013.
For any information contact us: 022-6854 5555 | E-mail: helpdesk@sbicapsec.com I Web: www.sbisecurities.com

DISCLOSURES & DISCLAIMERS:

Analyst Certification: The views expressed in this research report ("Report") accurately reflect the personal views of the research analysts ("Analysts") employed by SBICAP Securities Limited (SSL) about any and all of the subject issuer(s) or company(ies) or securities. This
report has been prepared based upon information available to the public and sources, believed to be reliable. I/We also certify that no part of my/our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.
The Analysts engaged in preparation of this Report or his/her relative:-
(a) do not have any financial interests in the subject company mentioned in this Report; (b) do not own 1% or more of the equity securities of the subject company mentioned in the report as of the last day of the month preceding the publication of the research report; (c) do not
have any material conflict of interest at the time of publication of the Report.
The Analysts engaged in preparation of this Report:-
(a)have not received any compensation from the subject company in the past twelve months; (b) have not managed or co-managed public offering of securities for the subject company in the past twelve months; (c)have not received any compensation for investment banking
or merchant banking or brokerage services from the subject company in the past twelve months; (d) have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past
twelve months; (e) has not received any compensation or other benefits from the subject company or third party in connection with the Report; (f) has not served as an officer, director or employee of the subject company; (g) is not engaged in market making activity for the
subject company.

Name Qualification Designation

Sudeep Shah MBA (Finance) DVP- Technical & Derivative Research
Sunny Agrawal B.E, MBA (Finance) DVP - Fundamental Research
Rajesh Gupta PGDBM (Finance), MA (Bus. Eco) AVP - Fundamental Research
Gautam Upadhyaya MBA (Finance) Research Analyst - Equity Derivatives
Vinayak Gangule BE (IT) Research Analyst - Equity Technicals
Monica Chauhan C.A. Research Analyst - Equity Fundamentals
Harsh Vasa C.A. Research Analyst - Equity Fundamentals
Sweta Padhi MBA (Finance) Research Analyst - Equity Fundamentals
Sumeet Shah BE CFA Research Analyst - Equity Fundamentals
Pratik Patni BSc (Biotech Entire) Research Analyst- Equity Derivatives
Ghanshyam Gupta MBA (Finance) Research Analyst - Currency Derivative
Sagar Peswani B.Tech (ECE) Research Associate- Equity Technicals
Kalpesh Mangade B.Com MIS Analyst - Retail Research

For other Disclosures please visit: https://bit.ly/R_disclaimer02

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