STOCK MARKET OUTLOOK FOR TOMORROW 21 DEC 2022

In the wake of seeing a decent recuperation in the past meeting, the market again went under tension on December 20 in the midst of selling in the vast majority of the areas. After a gap-down start, the market extended the losses as the day progressed, with the Nifty making a low of 18,202 intraday; however, it recovered intelligently in the second half, to close around 18,400. At Close, the Sensex was down 103.90 points, or 0.17%, at 61,702.29, and the Nifty was down 35.20 points, or 0.19 %, at 18,385.30. The Sensex was down 103.90 points,By raising the upper band limit for the 10-year yield to 50 basis points, which is seen as a step toward a hawkish policy shift, the Bank of Japan shocked global markets in a completely unexpected move. This has exacerbated the global market sell-off, which was already risk-averse due to growing concerns about a recession following the Fed's comment. In light of this, the US GDP figures that are expected on Thursday will show how strong the US economy is.In stocks Adani Enterprises, TCS, Reliance Industries, Axis Bank, and IndusInd Bank were among the largest Nifty gainers, while SBI Life Insurance, Eicher Motors, UPL, Tata Motors, and HUL were among the largest losers. On the sectoral front, Clever FMCG, auto, PSU bank, infra and pharma records finished lower, while some purchasing was found in the data innovation, metal and energy names. Today, the capital goods index fell 0.4%, while FMCG, auto, and real estate lost 0.5% to 1%. Among individual stocks, GNFC, Indiabulls Housing Finance, and Multi Commodity Exchange of India experienced a volume increase of more than one hundred percent. SBI Life Insurance, Max Financial Services, and Godrej Properties all experienced brief builds, while Adani Enterprises, Cummins India, and Interglobe Aviation experienced prolonged builds. Suzlon Energy, Shipping Corporation of India, PNB Housing Finance, JK Paper, Axis Bank, Jyoti, and Multi Commodity Exchange Of India are among the more than 100 stocks that reached their 52-week high.

Markets battled through the meeting and finished in red because of frail worldwide signs, however figured out how to recover a large portion of their initial misfortunes. A lack of new positive triggers is to blame for the choppy trend.We are looking forward to tomorrow's release of the minutes of the RBI's recently concluded monetary policy, which may provide some insight into the likely course of action that the central bank will take in the near future.Technically, the index recovered from the day's low after a sharp intraday selloff in the early morning near 18,200. The market is currently experiencing non-directional activity, and it's possible that traders are waiting for a breakout on either side. 18,450 would be the crucial breakout level for bulls to keep an eye on. Additionally, if the market is able to trade above this level, a swift uptrend rally toward 18,550-18,600 is possible. On the other hand, if prices fall below 18,200, further weakness could increase to 18,100-18,050.
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