Zee Business Stock, Trading Guide: 10 things to know before market opens on 13 December 2022

Zee Business Stock, Trading Guide: The Indian markets started the week on a volatile note and ended almost unchanged amid weak global cues, this is in continuation to the prevailing corrective phase. In a seesaw trade today, Nifty and Sensex settled at 18497.15 and 62,130.57, respectively.

Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein buoyancy in the banking capped the downside. Besides, recovery in the broader indices further eased the pressure.

Here is a list of things to watch out for on 13 December 2022

What should investors do?

Domestic markets are currently dancing to the global tunes, and we expect the same trend to continue, in absence of any major domestic event.

Traders should focus on sectors that are showing resilience viz. banking, FMCG and metal for the long trades while the IT and pharma may continue to trade subdued. At the same time, managing risk is also critical citing the upcoming event and data.

- Ajit Mishra, VP - Technical Research, Religare Broking Ltd.

Key support & resistance levels for Nifty50:

The Nifty50 closed flat at 18,497.15. Key Pivot points (Fibonacci) support for the index is placed at 18387.64, 18346.13 and 18278.93 while resistance is placed at 18522.03, 18563.54, and 18630.73.

Key support & resistance levels for Nifty Bank:

The Nifty Bank closed 0.17 per cent higher at 43,708.75. Key Pivot points (Fibonacci) support for the index is placed at 43469.9, 43378.26, and 43229.93, while resistance is placed at 43766.57, 43858.2, and 44006.54.

Gross Open Interest:

Open Interest means the number of contracts open or outstanding in futures trading in NSE at any one time. One seller and one buyer together create one contract.

Here the gross values of Open Interest Positions taken by the four participants namely Client are Clients are the retail individual investors who invest in the derivatives instruments, DIIs are domestic individual investors, FIIs are foreign institutional investors and Pro are the proprietors and brokerage firms who trade on their own behalf.

Image Source – Stockedge

Stocks in News:

Tata Motors board gives in-principle approval for partial divestment of company’s investment In Tata Technologies via IPO route.

KEC International bags orders worth Rs 1,349 cr across is various businesses.

BGR Energy bags orders worth Rs 330 cr from Indian Oil Corp.

V-Guard signs definitive agreement to acquire 100% in Sunflame Enterprises for Rs 660 cr.

Mondelez International expands partnership with HCL Tech.

ICICI Bank raises Rs 5,000 crore via bonds.

Jaypee Group exits cement biz; sells remaining plants to Dalmia Cement for Rs 5,666 crore.

Corporate Action

Pulz Electronics – Ex-date Interim Dividend 1 per cent at Rs 0.1 per share

Tembo Global Industries – Final Dividend 12 per cent at Rs 1.2 per share

FII Activity on Monday:

Foreign portfolio investors (FPIs) remained net sellers for Rs 138.81 crore in the Indian markets while Domestic Institutional Investors (DIIs) were net buyers to the tune of Rs 695.6 crore, provisional data showed on the NSE.

FII Index and Stock F&O:

Image Source - Stockedge

Bulk Deals:

Cerebra Int Tech Ltd: Hermes Global Fund bought 28,47,411 equity shares in the company at the weighted average price Rs 26.97 per share on the NSE, the bulk deals data showed.

Jalan Transolu. India Ltd: Manish Jalan sold 2,00,000 equity shares in the company at the weighted average price Rs 143.49 per share on the NSE, the bulk deals data showed.

PSP Projects Limited: Himalaya Finance bought 10,00,000 equity shares in the company at the weighted average price Rs 655.25 per share on the NSE, the bulk deals data showed.

Prolife Industries Ltd: Gunda Madhusudhan sold 30,000 equity shares in the company at the weighted average price Rs 166.13 per share on the NSE, the bulk deals data showed.

Stocks under F&O ban on NSE

BHEL, Delta Corp, GNFC, and PNB are placed under the F&O ban for Tuesday. Securities in the ban period under the F&O segment include companies in which the security has crossed 95 percent of the market-wide position limit.