News Shots
AstraZeneca’s COVID vaccine was approved in the UK. The Indian approval was expected yesterday itself but the Expert panel decided to meet again on January 1 to review more data. The beauty of this vaccine is that it can be stored in normal refrigeration temperatures, while Moderna and Pficer vaccines required -20 and -70 degrees celsius respectively. The AstraZeneca vaccine is also expected to work against the new strain of COVID virus.
Joint venture partner of Infosys from Saudi Arabia has filed a lawsuit in a Californian court accusing the company of violating US laws on corruption.
Yes Bank, now majority-owned by State Bank of India and other financial institutions, said its board has approved promotion of Niranjan Banodkar as the Group Chief Financial Officer (CFO) and Anurag Adlakha as the Group Chief Human Resources Officer.
The central government has approved exports of India’s own surface-to-air Akash missile system. A high-level committee has been set-up to authorise the sale of such tech to other nations. Watch BEL and Bharat Dynamics.
EID Parry India, a promoter of Coromandel International, has sold more than 58 lakh shares of the company worth over Rs 469 crore through an open market transaction. The companies are part of Murugappa Group.
The promoter Kapil Wadhawan has again come up with a new proposal for acquiring Dewan Housing Finance Ltd(DGFL).
Indian Bank has raised Rs 392 crore through perpetual bonds.
Shareholders of Union Bank of India have approved the proposal for raising up to Rs 6,800 crore equity capital to fund business growth.
Adani Green Energy has commissioned a 100 megawatt (MW) solar power project at Khirsara in Gujarat.
Filatex India has completed the installation of captive rooftop solar power generation of 1.0 MW at Dahej and 0.4 MW at Dadra and commenced commercial operation with effect from December 30, 2020.
V-Mart has opened four new stores, three in Uttar Pradesh and one in Jharkhand. The company has also closed one store in Odisha. With this the total number of stores increased to 274.
What to expect today?
Yesterday, as expected again, volatility hit us hard. There was a 100 points intraday fall in NIFTY but later it managed to recover when the vaccine news came and closed the day again with a green candle. You can read all about yesterday’s movements here.
Bank Nifty gave a perfect range bound movement yesterday. It moved in the exact same range as the day before yesterday, respecting the power of price action. 31,000 is acting as a strong support.
The European markets are down, after the AstraZeneca vaccine was approved. US markets are slightly up after the fall on Tuesday. Asian markets are mixed. SGX NIFTY is trading higher at 13,960, which is nearly 20 points lower, indicating a flat opening in the Indian Market.
SGX NIFTY is trading lower after a very long time. But given the bullishness in NIFTY, it might open strongly and 14,000 can be tested today also. Chances are high that profit booking kick in and NIFTY go down after it reaches/crosses 14,000.
HDFC Bank has already moved up and regained its losses after the RBI debacle. Reliance is struggling to breakout from 2000. The Auto Sector started moving well from yesterday. So, if Reliance and Auto decide to move up today, then we might even see 14,000 being broken and sustained today.
20 new positive COVID cases with the new strain have been reported in India. At the same time, the entire nation is waiting for vaccine approval on Jan 1, Friday.
Highest Call Open Interest at 14,000, followed by 14,100. Highest Put Open Interest at 13,000, followed by 13,400 and 13,900.
Foreign institutional investors (FIIs) net bought shares worth Rs 1824 crore, and domestic institutional investors (DIIs) net sold shares worth Rs 587 crore in the Indian equity market.
Banks, giving a range bound movement yesterday, may breakout or breakdown today. Watch out for 31,000 as that can act as a strong support going ahead.
Will NIFTY end the year above or below 14,000? Please write down “Above” or “Below” in the comment section. Let’s see what happens!
Phew, the end of a year. A historic year. A year which shook us all. But, an important year in my life. I hope it was a good turning point for you all as well. We have met every morning at 8.30 am (😂) here, 8.30 pm at the The Stock Market Show, various times in other videos. We learned together, invested and traded together, made and lost money together, but more importantly, we all are moving ahead together, in these uncertain, difficult times ❤️
I look forward to a stronger, powerful 2021 and the mission is the same – to democratize stock market investments in India – to help each and everyone win in the stock market. But this time it should not be just me. I need all of you to take action in educating and empowering as many people as you can about the power of the market. Let’s do this together 🔥
Last, but not the least, I thank all of you with all my heart for all the support and love! ❤️ Let’s create a revolution with heart! Have a Profitable, Successful and Happy New Year!
Watch out for volatility today also. Follow us on marketfeed app’s livefeed section to get real time updates from the market. All the best for the day!
– Mr Athishaktham
