STOCK TO WATCH/TRADE ON 22 NOVEMBER 2024

 

NIFTY OUTLOOK & OPTION TRADING TIPS FOR 22 NOVEMBER 2024

The Indian equity markets ended lower on November 21, 2024, amid bearish sentiment triggered by domestic and global headwinds. Both benchmark indices faced selling pressure, with Nifty breaking below 23,400 and Sensex registering a significant decline.

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Key Highlights

• Sensex: Closed at 77,155, down 422 points (-0.54%).
• Nifty: Closed at 23,349, down 168 points (-0.72%).
• Market Breadth:
  • Advances: 1,180
  • Declines: 2,614
  • Unchanged: 89

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Sectoral Performance

• Gainers:
  • Realty: Gained 1%.
  • Information Technology: Rose by 0.5%.
• Losers:
  • PSU Banks & Media: Declined over 2%.
  • Energy, FMCG, Oil & Gas, Auto, Metal: Down 1–2%.

The broader markets underperformed, with the BSE Midcap and Smallcap indices falling by 0.3% and 0.6%, respectively.

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Top Gainers and Losers

• Top Nifty Gainers:

  • Power Grid Corp
  • UltraTech Cement
  • Hindalco Industries
  • HCL Tech
  • Grasim Industries

• Top Nifty Losers:

  • Adani Enterprises
  • Adani Ports
  • SBI Life Insurance
  • NTPC
  • SBI

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Technical Analysis

• Nifty Insights:

  • The index closed below 23,400, forming another bearish candle, signaling the continuation of the downtrend.
  • Breaching the low of 23,350, Nifty is now poised to test the next critical support at 23,180. A breakdown below 23,000 may intensify selling pressure.
  • Immediate resistance is at 23,500 (20-DMA), while a decisive move above 23,800 is required for any meaningful reversal.

• Bank Nifty Insights:

  • Bank Nifty tested the 200-DMA at 49,800, which provided support, closing at 49,982, down 253 points.
  • Crucial support: 49,800–50,000
  • Resistance: 50,900–51,000

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Market Sentiment

The market sentiment remained weak, impacted by a series of factors:

1. Adani Group Concerns: News of bribery allegations against the Adani Group triggered a sell-off in its stocks, heavily influencing the broader market.
2. Global Headwinds: Renewed tensions in the Russia-Ukraine conflict and nuclear concerns weighed on investor confidence. Weakness in Asian and European markets further exacerbated the negative sentiment.
3. FII Activity: Foreign Institutional Investors (FII) resumed heavy selling, especially in financials, contributing to the decline.

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Outlook

• Short-Term Sentiment: Bearish, with immediate support at 23,200. A breach could lead to further downside towards 23,000.
• Upside Potential: Resistance at 23,550, with a rally likely only if the index decisively moves above 23,800.
• Broader View: Stability in global and domestic political scenarios, along with resolution of Adani-related issues, could provide a much-needed boost to market sentiment.

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Investors are advised to adopt a cautious approach, focusing on quality stocks with strong fundamentals, particularly in defensive sectors such as IT and Realty.

NIFTY OUTLOOK & TRADING TIPS FOR 21 NOVEMBER 2024

 Indian equity markets ended the day on a positive note amid heightened volatility. The benchmark indices, Sensex and Nifty, managed to close in the green but well below their intraday highs due to late-session selling pressure.

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Market Highlights

• Sensex: Closed at 77,578.38, up 239.37 points (0.31%).
• Nifty 50: Closed at 23,518.50, up 64.70 points (0.28%).
• Market Breadth:
  • Advances: 2,197 stocks.
  • Declines: 1,591 stocks.
  • Unchanged: 95 stocks.

Key Market Trends

• Opening Momentum: Strong cues from Asian markets and bottom-fishing supported a robust start, but gains faded in the second half.
• Sectoral Performance:
  • Gainers: Media, Realty, Auto, IT, and Pharma (up 0.5%-2.5%).
  • Laggards: Metal, Oil & Gas, and PSU Banks (down 0.5% each).
• Broader Indices: Midcap and Smallcap indices outperformed, gaining nearly 1% each.

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Technical Analysis

• Nifty:

  • Resistance at 23,733 (40-hour average).
  • Strong support at 23,300, with 23,800 necessary for a trend reversal.
  • Formed a Doji candlestick pattern, signaling indecision.
  • Fibonacci retracement at 23,180 indicates a potential downside target.

• Bank Nifty:

  • Closed near 50,800, falling short of intraday highs.
  • Weakness expected to persist with support at 49,700-49,800.
  • Resistance zone at 50,800-50,900.

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Key Drivers

1. Profit Booking: Investors used intraday surges to book profits, reflecting caution ahead of Maharashtra Assembly elections.
2. Geopolitical Tensions: Reports of Ukraine's first ATACMS missile strike on Russian border regions heightened uncertainty.
3. Foreign Institutional Investor (FII) Activity: While the pace of outflows has eased, consistent selling remains a key overhang.
4. Earnings Impact: Weak Q2 earnings and stretched valuations continue to weigh on market sentiment.

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Top Gainers & Losers

• Gainers:

  • M&M: +3% (boosted by CLSA’s ‘outperform’ rating, with a target price of ₹3,440).
  • Tech Mahindra, HDFC Bank, Trent, Eicher Motors.

• Losers:

  • SBI Life Insurance, HDFC Life, Reliance Industries, Tata Consumer, Hindalco.

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Outlook

• Nifty: Bears maintain control, and "sell on rise" remains the dominant strategy unless a decisive move above 23,800 is achieved.
• Sector Focus: Realty and Auto sectors are seeing renewed interest due to strong festive sales and correction-driven value buys.
• Investment Strategy:
  • Stick to quality large-cap stocks.
  • Avoid rushing into mid and small caps despite their recent outperformance.

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Market Closure

Markets will remain closed on November 20, 2024, for the Maharashtra Assembly elections.

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Disclaimer: This report is for informational purposes only and should not be considered as financial

NIFTY OUTLOOK & TRADING TIPS FOR 19 NOVEMBER 2024

Market Report: November 18, 2024

Overview

The Indian equity markets extended their bearish trend for the 7th consecutive session, influenced by global and domestic factors. Weakness in key sectors like IT, Oil & Gas, and Telecom exerted downward pressure, while resilience in Banking, Metals, Auto, and FMCG helped benchmarks recover from intraday lows.

• Nifty: Closed 79 points lower.
• Sensex: Declined by 241 points.

Sectoral Performance

• Gainers:
  • Metals: Outperformed with a gain of 1.80%, driven by optimism around China's decision to reduce tax rebates on aluminum and copper.
  • Banking, Auto, FMCG: Showed resilience amidst market uncertainty.
• Losers:
  • IT: Declined over 2% due to subdued investor sentiment, fueled by concerns over reduced FED rate-cut expectations impacting BFSI spending.
  • Telecom, Oil & Gas: Contributed to the overall weakness.

Market Technicals

• Key Observations:

  • The market remains below its 200-day SMA, forming a bearish candle on daily charts.
  • Oversold conditions indicate a potential short-term pullback rally.

• Key Levels:

  • Support: 23,350 (Sensex) / 76,950 (Nifty).
  • Resistance: 23,600–23,700 (Sensex) / 78,000–78,200 (Nifty).
  • Failure to hold 23,350/76,950 may result in further downside to 23,200–23,175/76,500–76,400.

Public Sector Undertakings (PSUs)

• Declining Market Share:

  • PSUs now represent 15.34% of India’s total market capitalization, an 11-month low.
  • A decline from 17.77% in May 2024, the peak over the last seven years.
  • Combined PSU market capitalization: ₹66.06 lakh crore in November, a sharp fall from ₹81.38 lakh crore in July.

• Sectoral Losses:

  • Significant Decliners:
    • Mahanagar Telephone Nigam (-57%), Cochin Shipyard (-56%), Chennai Petroleum Corp (-55%).
    • Several others, including Garden Reach Shipbuilders and Ind Bank Housing, declined over 50%.

PSU Q2 FY25 Earnings Highlights

• Disappointing Results:

  • Nearly half of reporting PSUs underperformed.
  • 14 firms posted losses, while 29 experienced YoY declines in net profit.
  • 42 companies reported YoY declines in operating profit.

• Flat Growth:

  • Many PSUs displayed single-digit or marginal growth in net profits and operating margins, reflecting the challenging economic landscape.

• Key Challenges:

  • Valuation Adjustments: Peaked valuations led to profit booking.
  • Macroeconomic Pressures: Slower GDP growth, weak GST collections, and subdued government spending compounded market challenges.

Market Sentiment

The ongoing correction reflects alignment between fundamentals and valuations. While Q2 earnings failed to meet expectations, the correction creates opportunities for stock-pickers. However, concerns around operating and PAT margins persist despite robust order books.

Outlook

• Short-Term:

  • A technical rebound is possible from oversold levels if the market sustains above key support zones.
  • Consolidation may continue due to global uncertainties like rising US bond yields and domestic earnings challenges.

• Medium-Term:

  • Weak PSU performance and declining contributions to market capitalization signal a shift in market dynamics.
  • Investors are advised to adopt a cautious approach, focusing on sectors with strong earnings potential and lower vulnerability to macroeconomic fluctuations.

Recommendations for Traders

• Watch Levels: Maintain caution around 23,350/76,950 as a critical support zone.
• Stock Selection: Favor companies with robust fundamentals and resilient sectors like Metals and Banking.

Conclusion

Despite the bearish undertone, the market presents selective opportunities for investors willing to navigate through uncertainties. A combination of technical pullbacks and focused stock-picking could yield gains in the near term. However, challenges in macroeconomic indicators and sectoral performances necessitate a measured approach.

Top Pick Turns Top Loser: MGL Drops 15%

MGL, which was at the top of our stock suggestion list, has dropped by 15% and is now the biggest loser. Check our updated stock list here. https://niftytipsniftylevels.blogspot.com/2024/11/stocks-to-watchtrade-on-18-november-2024.html

STOCKS TO WATCH/TRADE ON 18 NOVEMBER 2024

 PIIND

EICHERMOT

TATACONSUM

MANAPPURAM

ABB

DALBHARAT

METROPOLIS

UBL

MGL

NIFTY OUTLOOK & OPTION TRADING TIPS FOR 18 NOV 2024

Key Highlights

• Benchmark Indices Performance:

  • Sensex: Down 110.64 points (-0.14%) to close at 77,580.31.
  • Nifty 50: Down 26.35 points (-0.11%) to close at 23,532.70.

• Weekly Decline:

  • Both Sensex and Nifty dropped by 2.5% for the week, marking the second consecutive week of losses.
  • Broader indices showed marginal relief, posting gains of 0.4%-0.8%.

• Sectoral Performance:

  • Positive: Realty, Auto, and Media sectors edged higher.
  • Negative: FMCG, Pharma, PSU Bank, and Metals sectors saw declines.
  • Midcap Index: Down 4% this week.
  • Bank Nifty: Down nearly 3% this week, trading near critical support levels.

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Market Insights

1. Support and Resistance Levels:

   • Nifty:
     • Current trading near its 200-day moving average (23,556), a crucial support level.
     • Possible pullback range: 23,700 – 23,750.
     • Downside risk: Target at 23,180, coinciding with the 61.82% Fibonacci retracement level.
   • Bank Nifty:
     • Support at 49,700 (200 DMA).
     • Immediate resistance: 50,560 – 50,700.

2. Market Sentiment:

   • FIIs continue to remain net sellers, though the intensity of selling has eased.
   • Domestic Institutional Investors (DIIs) provided support.
   • Global factors, including a strong Dollar Index (106.61) and US 10-year bond yields (4.48%), weighed on sentiment.

3. Economic Indicators:

   • Concerns over inflation, driven by rising food prices due to prolonged monsoons.
   • Rupee depreciation to a historic low of 84.40/USD added pressure.
   • Anticipation of increased government spending post-election year to support the economy.

4. Q2 Earnings Impact:

   • Muted domestic Q2 earnings largely factored in, with consolidation observed over the past 1-2 months.
   • Investors are now focused on IT and banking sectors for fresh cues.

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Outlook and Recommendations

• Technical View:

  • Market remains in a downtrend; any pullbacks should be seen as opportunities to sell.
  • Key Levels:
    • Upside: Resistance at 23,700 – 23,750 for Nifty and 50,560 – 50,700 for Bank Nifty.
    • Downside: Nifty support at 23,180; Bank Nifty support at 49,700.

• Strategic Advice:

  • Monitor leveraged positions closely due to volatility.
  • Focus on sectoral trends, particularly in realty and auto, which have shown resilience.
  • Exercise caution amid global uncertainties and inflationary pressures.

• Key Events to Watch:

  • Economic data releases and RBI’s commentary on inflation.
  • IT and banking sector performance post-Q2 earnings.

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Conclusion

Indian markets extended their losing streak into the sixth session as weak global cues, persistent FII outflows, and inflation concerns weighed on sentiment. While key indices are testing significant support levels, the overall trend remains bearish. A cautious approach is advised, with a focus on selective opportunities in resilient sectors like auto and realty.

PRE MARKET PREDICTION !!! 4 STOCKS OUT OF TOP 7 GAINERS OF 14 NOV 2024

4 stocks in top 4 Top Gainers of today...predicted by us in last post of 13 nov 2024..Please check link for stock suggestion

https://niftytipsniftylevels.blogspot.com/ 

 Below are out stock picks for tomorrow's trading session i.e 14/11/24. We believe these stocks will outperform the market tomorrow. 

We are not giving specific buy sell recommendation right here but you can call or whatspp on 8109060248 for same.

 

GNFC
IPCALAB
DEEPAKNTR
METROPOLIS
SUNTV
CUMMINSIND
BALKRISIND
LALPATHLAB

"Pre-Market Win: Britannia Falls, Jubilant Rises"

Our pre-market predictions hit the mark today, as Britannia and Jubilant FoodWorks (JUBLFOOD), suggested by us before the market opened, emerged as the top loser and top gainer respectively.

This reflects our team's strong market insights and analysis accuracy, helping investors stay ahead in identifying significant stock movements. Stay tuned for more actionable insights!

STOCKS TO WATCH TRADE FOR 12 NOVEMBER 2024

JUBLFOOD

DEEPAKNTR

SHREECEM

PIIND

BRITANNIA

LALPATHLAB

DALBHARAT

MOTHERSON

NIFTY OUTLOOK & TRADING TIPS FOR 12 NOVEMBER 2024

Key Indices Overview

• Sensex closed at 79,496, up by 9.83 points (+0.01%).
• Nifty ended at 24,141, down by 6.90 points (-0.03%).

Market Summary

The Indian equity market exhibited significant volatility, with the Nifty oscillating within the 24,000-24,350 range without a clear breakout. While the RSI momentum indicator has shown a bullish crossover, there were mixed signals throughout the session, leading to a flat close.

Technical Patterns and Outlook:

• An inverted hammer pattern on the daily chart suggests a possible bullish reversal. The index may test higher resistance levels at 24,500-24,550 if this pattern holds.
• On the lower end, support is pegged at 24,000.
• A spinning top candlestick pattern emerged, signaling indecision between bulls and bears. A decisive move is needed to break out of this range.

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Sectoral Highlights

• Gainers: Banking and IT sectors supported the market, ending higher by 0.6% and 1% respectively. Select banking and IT stocks provided crucial support amid choppy trading.
• Lagging Sectors: Broader sectors underperformed, with Midcap and Smallcap indices declining by 0.8% and 1%, respectively. Media and Metal sectors were the primary losers, contributing to the downward pressure.

Market Breadth

• Advances: 1,446 shares
• Declines: 2,478 shares
• Unchanged: 116 shares

The broader market sentiment was negative, reflecting overall bearishness, with more declines than advances, notably in midcap and smallcap segments.

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Key Stock Movements

• Top Gainers: Power Grid Corp, Trent, Infosys, HCL Tech, and Tech Mahindra
• Top Losers: Asian Paints, Britannia, Apollo Hospitals, Cipla, and ONGC

Market Influences

• Global Impact: Concerns over international events, especially those related to US policy, continue to influence market sentiment. The IT sector outperformed, partly due to a strong US dollar and anticipated increases in US IT spending.
• Domestic Factors: Investors are awaiting CPI data, as higher food prices may compel the RBI to hold interest rates in the near term. FII actions are a major force behind current market momentum, which remains susceptible to economic and earnings announcements.

Technical Outlook and Strategy

• The broader trend remains choppy with a weak bias. A potential upside bounce may occur around the lower support range of 23,800, while resistance is visible around 24,300.
• The market is likely to stay volatile, and a hedged trading strategy is advised. Traders are recommended to focus on selective stock-picking, particularly in sectors with strong momentum.

Conclusion

The market remains in a high-low consolidation range, lacking a decisive direction. Continued volatility is anticipated as the earnings season wraps up.

TRENT TOP GAINER UP BY 5%

TRENT SUGGESTED BY US TO CHECK VISIT https://niftytipsniftylevels.blogspot.com/2024/11/stock-to-watchtrade-on-11-november-2024.html BECOME TOP GAINER UP BY 5%

Aarti Industries Ltd Suggested By Us Down By 7%

Aarti Industries Ltd suggested by us 9 November itself down by 7% 

CHECK OUR STOCK SUGGESTION https://niftytipsniftylevels.blogspot.com/2024/11/stock-to-watchtrade-on-11-november-2024.html

Our recommended stock, MRF, emerged as the top gainer up by 3.5%

MRF STOCK SUGGESTED BY US 9 NOVEMBER ITSELF UP BY 3.5% 

CHECK OUR STOCK SUGGESTION https://niftytipsniftylevels.blogspot.com/2024/11/stock-to-watchtrade-on-11-november-2024.html

STOCK TO WATCH/TRADE ON 11 NOVEMBER 2024

AARTIIND

AUROPHARMA

MANAPPURAM

NIFTYNXT50

TRENT

JSWSTEEL

BRITANNIA

MRF

ASIANPAINT

AUBANK

ICICIBANK

NMDC

Swiggy IPO Expectations & Recommendations

1. IPO Overview

Swiggy's IPO has garnered significant market attention, though investor expectations for listing gains are cautious, following a muted response to Hyundai India's IPO. Swiggy, a prominent player in India’s online food delivery and quick commerce sectors, faces stiff competition from Zomato and potential entry threats from Jio in the hyperlocal delivery market.

• IPO Issue Size: 16.01 crore shares
• Total Subscription: 35% (5.55 crore shares)
• Retail Investors: 83% subscription
• Non-Institutional Investors (NII): 14% subscription
• Qualified Institutional Buyers (QIB): 28% subscription
• Grey Market Premium: Rs 4-5, or a 1% premium in the unlisted market.

2. Financial Performance and Valuation

Swiggy currently operates at a loss and may face challenges in achieving profitability in the near term due to high competition and investment requirements in the quick commerce space. Although the company has shown growth in its Average Order Value (AOV) and expanded its network of Dark Stores from 301 in FY22 to 523 in FY24, these have yet to translate into profitability on a consolidated basis.

• Valuation: 8x Price to Sales at the upper price band, with a 76% discount compared to competitors.
• Profitability: Long-term focus needed as profitability remains challenging due to high operational costs and competitive pressures.

3. Key Growth Drivers

• Quick Commerce Expansion: Swiggy has aggressively expanded into quick commerce, broadening its service offerings and customer base.
• Dark Stores Network: The growth from 301 to 523 stores has improved user engagement and operational efficiency, supporting higher order frequencies and better retention rates.
• Unified App Experience: A streamlined platform integrating various services has helped drive user growth, hitting 112.73 million users by June 2024.
• Focus on User Retention: High transaction frequency, personalization, and basket-size expansion have supported retention and engagement, increasing Monthly Gross Order Value (GOV) per Monthly Transacting User (MTU).

4. Challenges and Competitive Landscape

• Profitability Concerns: As Swiggy continues to invest heavily in quick commerce and user engagement, it may take years to reach profitability.
• Rising Competition: Swiggy faces strong competition from Zomato, which has a solid market presence, and may also face competition from Jio’s potential entry.
• Market Sentiment: Despite strong growth prospects, the IPO has not shown robust initial demand in the grey market, with a low premium reflecting cautious investor sentiment.

5. Investment Recommendation

Given Swiggy’s high growth potential in India’s rapidly expanding online food delivery and quick commerce markets, the IPO presents an attractive long-term investment opportunity. However, due to the company's current loss-making status and uncertain short-term profitability, it is suitable only for high-risk investors willing to commit for the long term.

• Recommendation: SUBSCRIBE (for long-term, high-risk investors)

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This report provides a balanced overview, assessing both Swiggy’s strengths in user growth and hyperlocal commerce while considering the challenges related to profitability and competition

Indian Stock Market Report: November 8, 2024

Summary On November 8, 2024, the Indian stock market saw a second consecutive day of decline, primarily driven by weakness in large-cap stocks like Reliance Industries, ICICI Bank, State Bank of India, and Trent. Despite a 25-basis point rate cut by the U.S. Federal Reserve on Thursday, investor sentiment remained cautious due to subdued Q2 earnings.

Market Indices

• Nifty 50 closed at 24,148 points, down 0.21% today and down 0.64% for the week.
• Sensex fell by 55 points,  ending at 79,486, marking a weekly loss of 0.30%.

Market Overview Indian markets initially showed volatility, with early trades experiencing a 700-point fluctuation. However, markets settled into a range-bound trend, pressured by selective selling in banking, telecom, metal, oil & gas, and realty stocks. While global indices saw a recovery, Indian markets continued to experience outflows from Foreign Institutional Investors (FIIs), contributing to the negative sentiment.

The Nifty Midcap 100 and Nifty Smallcap 100 indices bore the brunt of today’s selloff, declining by 1.42% and 1.76%, respectively.

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Sectoral Performance

Sector	Closing Change (%)
Realty	-3.00%
Media	-2.09%
PSU Bank	-1.00%+
Oil & Gas	-1.00%+
Energy	-1.00%+
Metal	-1.00%+
IT	+0.71%
FMCG	+0.31%
Pharma	Flat
Auto	Flat

• Top Gainers: IT stocks benefited from renewed investor interest due to the U.S. Fed’s rate cut, with the Nifty IT index rising by 0.71%. The Nifty FMCG index also rebounded, posting a gain of 0.31%.

• Top Losers: Realty and Media stocks saw continued bearish momentum, with the Nifty Realty index declining by 3% and the Nifty Media index falling 2.09%.

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Nifty 50: Individual Stock Highlights

Gainers

Out of 50 stocks, 23 Nifty constituents ended in the green:

• Mahindra & Mahindra led the gains with a 2.9% increase, following a strong Q2 performance that exceeded market expectations.
• Other Gainers: Titan Company, Tech Mahindra, Infosys, Nestle India, HUL, Power Grid, Cipla, and a few others saw gains above 1%.

Losers

27 Nifty stocks ended in the red:

• Trent was the largest loser, dropping 3.2% after disappointing Q2 earnings, marking a two-day decline of 9.5%. The stock is down 24.52% since its October peak.
• Other Losers: Coal India, Asian Paints, and Tata Steel declined by over 1%.

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Key Market Drivers

1. Subdued Earnings: Q2 earnings for several companies have been below expectations, affecting investor confidence.
2. FII Outflows: Continued outflows from Foreign Institutional Investors are putting pressure on market liquidity and sentiment.
3. Global Rate Cuts: The U.S. Fed’s rate cut has sparked some interest in IT stocks, but the Indian market has largely been unaffected due to local economic concerns.
4. Inflation Concerns: Rising inflation expectations in India could lead the RBI to hold rates, despite the Fed’s easing stance.

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Technical Outlook for Nifty 50

• Support Level: 24,000 is considered a crucial support level. If this level holds, the market may recover, potentially reaching 24,500 in the near term.
• Downside Risk: A breach below 24,000 could signal further downside, leading to a possible market correction.
• Momentum Indicators: The RSI remains in positive crossover territory, suggesting short-term momentum may remain intact, barring any significant downside triggers.

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Conclusion and Outlook

While today's rate cut by the Fed provided some optimism for selective sectors, broader market sentiment remains cautious due to disappointing earnings and FII outflows. If the Nifty 50 holds above the 24,000-support level, there is potential for a near-term recovery. However, a fall below this threshold could prompt a further correction in the coming days.

Swiggy IPO Report: Key Highlights Before Subscribing

Swiggy, a leading player in India’s food and grocery delivery market, is set to launch its initial public offering (IPO). This report provides crucial insights into the IPO structure, key dates, financials, and Swiggy’s planned use of proceeds.

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Swiggy IPO Details:

• IPO Dates:

  • Open Date: November 6, 2024
  • Close Date: November 8, 2024
  • Allotment Date: November 11, 2024
  • Listing Date: November 12, 2024

• Issue Size: ₹11,327.43 crore

  • Fresh Equity Shares: 11.54 crore shares valued at ₹4,499 crore
  • Offer-for-Sale (OFS): 17.51 crore shares, raising ₹6,828.43 crore

• Price Band: ₹371 – ₹390 per share

• Lot Size: 38 shares per lot

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Investment Structure:

• Minimum Investment: For retail investors, the minimum bid involves 1 lot (38 shares), requiring a minimum investment of ₹14,820.

• Allocation Breakdown:

  • Qualified Institutional Buyers (QIBs): 75% of net issue
  • Retail Investors: 10% of net issue
  • Non-Institutional and High Net-Worth Investors (NIIs): 15% of net issue

• Non-Institutional Minimum Lots:

  • Small NIIs (sNIIs): Minimum 14 lots
  • Big NIIs (bNIIs): Minimum 68 lots

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Allotment and Refund Details:

• Basis of Allotment Finalization: November 11, 2024
• Shares Credited to Demat Accounts: November 12, 2024
• Refund Initiation: November 12, 2024

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Purpose and Utilization of Proceeds:

Swiggy plans to utilize the funds from the IPO to support growth and enhance operational efficiencies:

1. Debt Reduction: Partial or full prepayment of borrowings related to its subsidiary, Scootsy.
2. Quick Commerce Expansion: Investment in Swiggy’s quick commerce segment, especially by increasing dark stores.
3. Technology and Infrastructure: Enhancing cloud infrastructure and tech capabilities.
4. Marketing and Brand Awareness: Improving Swiggy’s market presence.
5. Corporate Expenses: General corporate purposes.

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Company Overview:

• Founded: 2012
• Key Services: Food delivery, Swiggy Instamart (quick commerce), Swiggy Minis, and Swiggy Genie.

In FY24, Swiggy recorded:

• Revenue: ₹11,634.35 crore
• Net Loss: ₹2,350.24 crore

In Q1 FY25, Swiggy reported:

• Revenue: ₹3,310.11 crore
• Net Loss: ₹611 crore

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Conclusion:

With this IPO, Swiggy aims to consolidate its market position, drive technological enhancements, and strengthen its quick commerce offerings. Investors may consider Swiggy's recent financials, growth trajectory, and market strategies before subscribing to this IPO.

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This concise overview covers essential information about Swiggy’s IPO, aiding investors in making informed decisions.

Market Report: Nifty Short-Term Trends and Key Technical Levels

 Market Report: Nifty Short-Term Trends and Key Technical Levels

Overview

The short-term trend in the Nifty index remains uncertain, with persistent volatility expected in the coming sessions. While Nifty has shown some resilience with an upside bounce over the last two sessions, the index remains constrained by crucial resistance levels.

Key Resistance and Support Levels

• Resistance Level: Until the Nifty breaks above the 24,500 mark, a sustained upward trend is unlikely. This level represents a significant barrier that has remained unbreached despite recent attempts, keeping the upward momentum in check.
• Support Level: On the downside, Nifty could find support around 23,800. This level is anticipated to act as a cushion against significant downward movement, potentially stabilizing prices during market dips.

Technical Indicators

• Candle Pattern: A long negative candle has formed on the daily chart, which followed an upside bounce in the previous two sessions. This candle pattern suggests that, although a significant drop is not evident, some degree of consolidation or a minor correction could be anticipated, potentially bringing Nifty down to 23,800 or lower levels.

Open Interest Analysis

Open interest (OI) data provides insights into market sentiment and potential support and resistance levels:

• Call Side OI: The highest call OI is observed at the 24,200 and 24,250 strike prices, indicating that these levels could act as overhead resistance.
• Put Side OI: On the put side, the highest OI is at the 24,200 strike, followed by the 24,150 strike price, suggesting some level of market support at these levels.

Conclusion

In the immediate term, the Nifty is expected to trade with limited upside potential unless a decisive breakout above 24,500 occurs. Traders should monitor the support at 23,800, which could be tested during any downward correction. Meanwhile, open interest data points to specific resistance and support levels around the 24,200 and 24,150 strike prices, reflecting market sentiment and the likelihood of consolidation around these levels.

This report recommends caution for short-term traders, with a focus on observing how Nifty behaves around the 23,800–24,500 range before making significant trades.