News and Global Index updates.

🌹 🌞Good Morning 🌞🌹

*SGX Nifty +33 pts (18363) from last trade 18330 ,*  

Nikkei -255 pts , 

Hangseng +22 pts , 

Now @6.52am . 

Dow -281.67 pts ,

Nsdq -105.11 pts, 

S&P -43.39 pts , 

Bovespa -881 pts , 

Ftse -94 pts , 

Dax -93 pts , 

Cac -70 pts , 

Crude @ $74.65 brl (+0.36), 

Brent @ $79.39 brl (+0.35) , 

Gold @ 1802.00 (+1.80), 

Silver @ $23.395 (+0.06), 

Euro @ $1.0585, 

JPY @ $136.37, 

 INR @ 82.705

*Today's Corporate Action*

*19th Dec Ex Date*

SHAWGELTIN 

Special Dividend - Rs. - 100.0000 -

*Today's Key Results/Board Meetings   *19-Dec-22*

ACROW 

General      

FRUTION 

General      

GAL 

General      

GOODLUCK 

Preferential Issue of shares;Issue Of Warrants

GUJSTATFIN 

Quarterly Results    

HGS 

Buy Back of Shares    

SBC 

Buy Back of Shares    

SOURCENTRL 

General      

TRU 

Preferential Issue of shares;Issue Of Warrants

VISAGAR 

Right Issue of Equity Shares  

*Stock under F&O ban on NSE*

*19-Dec-22*

1 BALRAMCHIN

2 BHEL 

3 DELTACORP

4 GNFC

5 IBULHSGFIN

6 IRCTC

7 PNB

*THE 20 DMA BREAK* 

Nifty has broken below the 20 DMA 

Most major indices also below 20 DMA 

Signs that market has started a correction 

On Friday, 2 rallies were brutally sold into 

Global picture has become murky

 

 

 *GLOBAL CUES: IMPACT ON INDIA* 

Nasdaq has shown signs of testing previous lows 

Nasdaq is the leader for world equity markets 

Bond yield and Dollar Index still not too bad 

Indian market will again have to deal with weak IT 

 

 *NIFTY OUTLOOK* 

Nifty’s texture is now “Sell on rally” 

18300, 18,400 and 18500 Calls add 1.1 cr shares 

18,300-18,350 will be good zone to short 

Stop loss for short trades will be around 18,441 

First support for Nifty at 50 DEMA of 18,200 

Major support for Nifty at 50 DMA of 18,080 

Below 18,000, Nifty will have a major breakdown 

 

 *BANK NIFTY OUTLOOK* 

Bank Nifty protected 20 DEMA on close 

Bank Nifty not yet a short till it holds 20 DEMA 

Alert: 20 DEMA on Bank Nifty at 43,157 

No trade on Bank Nifty in 43,150-43,500 band 

Trades on Bank Nifty only below 43,150 or above 43,500

Tata Group is all set to buy majority stake of UTI AMC from PSU Financial cos. The internal approvals for buying the stake are already in : ET Now

🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞🌞

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