{"id":12921,"date":"2023-01-22T12:32:03","date_gmt":"2023-01-22T07:02:03","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=12921"},"modified":"2023-02-01T21:14:47","modified_gmt":"2023-02-01T15:44:47","slug":"weekly-setup-23rd-jan-27th-jan","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/weekly-setup-23rd-jan-27th-jan\/","title":{"rendered":"Weekly Setup (23rd Jan-27th Jan)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/weekly-setup-23rd-jan-27th-jan\/#NIFTY50\" title=\"NIFTY50\">NIFTY50<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/weekly-setup-23rd-jan-27th-jan\/#BANKNIFTY\" title=\"BANKNIFTY\">BANKNIFTY<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/weekly-setup-23rd-jan-27th-jan\/#Top_Performing_Sector_of_the_Week\" title=\"Top Performing Sector of the Week\">Top Performing Sector of the Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/weekly-setup-23rd-jan-27th-jan\/#Worst_Performing_Sector_of_the_Week\" title=\"Worst Performing Sector of the Week\">Worst Performing Sector of the Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/weekly-setup-23rd-jan-27th-jan\/#Important_News\" title=\"Important News\">Important News<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"NIFTY50\"><\/span>NIFTY50<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Nifty50 index had a mixed week, starting on a positive note but unable to maintain gains by the end. The market trend is currently in a rally attempt, but for the market trend to shift from a rally attempt to a confirmed uptrend, a strong follow-through day is required. Conversely, if the Nifty index falls below the low of 17,761, the market trend will be considered to be in a downtrend. The Nifty index has a first level of support at 17,800 and if it falls below that, the final support level will be at 17,430. If the index manages to rise, the final resistance level is expected to be at 18,300, after which it may reach new highs.<\/p>\n<h3><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-12923 size-full\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/01\/22.1.png\" alt=\"Nifty\" width=\"584\" height=\"240\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/01\/22.1.png 584w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/01\/22.1-300x123.png 300w\" sizes=\"(max-width: 584px) 100vw, 584px\" \/><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"BANKNIFTY\"><\/span>BANKNIFTY<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Bank Nifty index saw a slight gain of 0.32%, with private banks performing well but PSU banks seeing a decline. Private players such as ICICI Bank and Kotak Bank posted impressive results with a YoY net profit growth of 34% and 31% respectively during the weekend. The Bank Nifty index is expected to show good upward movement if it rises above 42,750, with a final resistance level projected at 43,600. On the downside, a major support level is expected to be at 41,600.<\/p>\n<h2><img decoding=\"async\" class=\"aligncenter wp-image-12924 size-full\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/01\/22.2.png\" alt=\"Bank Nifty\" width=\"587\" height=\"236\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/01\/22.2.png 587w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/01\/22.2-300x121.png 300w\" sizes=\"(max-width: 587px) 100vw, 587px\" \/><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Top_Performing_Sector_of_the_Week\"><\/span>Top Performing Sector of the Week<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u2981 Nifty IT 2.06% Up<br \/>\n&#8211; Persistent Systems 7.93% Up<br \/>\n&#8211; Coforge 5.6% Up<br \/>\n&#8211; Tech mahindra 4.32% UP<\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-12925 size-full\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/01\/22.3.png\" alt=\"Top performing\" width=\"581\" height=\"265\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/01\/22.3.png 581w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/01\/22.3-300x137.png 300w\" sizes=\"(max-width: 581px) 100vw, 581px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Worst_Performing_Sector_of_the_Week\"><\/span>Worst Performing Sector of the Week<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u2981 Nifty Auto 1.03% down<br \/>\n&#8211; Motherson Intl 5.5% down<br \/>\n&#8211; Sonacoms 4.16% down<br \/>\n&#8211; TVS 3.32 % down<\/p>\n<h3><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-12926 size-full\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/01\/22.4.png\" alt=\"worst performing\" width=\"580\" height=\"235\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/01\/22.4.png 580w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/01\/22.4-300x122.png 300w\" sizes=\"(max-width: 580px) 100vw, 580px\" \/><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Important_News\"><\/span>Important News<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\u2981 ICICI Bank\u2019s Q3FY23 PAT grew by 34% y\/y to 8311 Crore. Revenue grew by 24% to 33529 Crore. NIM was 4.65% versus 3.96% a year ago.<br \/>\n\u2981 Kotak Bank\u2019s Q3FY23 PAT grew by 31% y\/y to 2792 Crore. Revenue grew by 34% to 11098 Crore. NIM was 5,47 % versus 4.62% a year ago.<br \/>\n\u2981 Heritage Foods\u2019s Q3 FY23 PAT was down 32% y\/y to Rs 13 crore. Revenue grew 17% y\/y to Rs 785 crore. Margin was at 10% versus 15.1% a year ago.<br \/>\n\u2981 Ramkrishna Forgings\u2019s Q3 FY23 PAT grew 34% y\/y to Rs 61 crore. Revenue grew 29.3% y\/y to Rs 777 crore. Margin was at 22.2% versus 23.5% a year ago.<br \/>\n\u2981 Union Bank Of India\u00a0reported its Q3 FY23 NIM at 3.21% (best in eight years). CASA deposits grew 8.4% y\/y. PAT doubled y\/y to Rs 2,244 crore. NII grew 20.3% y\/y. NNPA was at 2.14% versus 2.64% q\/q.<br \/>\n\u2981 Dcm Shriram Cons. (Nse)\u2019s Q3 FY23 PAT was down 1.2% y\/y to Rs 342 crore. Revenue grew 21% y\/y to Rs 3,383 crore. Margin was at 16.4% versus 21.1% a year ago.<br \/>\n\u2981 Hdfc Life Insurance Co\u2019s Q3 FY23 PAT grew 15% y\/y to Rs 315 crore. VNB grew 30.4% y\/y to Rs 694 crore. VNB margin contracted 170bps y\/y to 25%.<\/p>\n<p>ABOUT THE AUTHOR<\/p>\n<p>Sagar Wadhwa<\/p>\n<p>Sagar Wadhwa is a Senior Equity Research Analyst who is a key member of the research team at Univest. He has extensive knowledge and expertise in the stock market, financial analysis, and investing and uses this expertise to provide valuable insights to the research team.<\/p>\n<p>Note \u2013\u00a0<i>This channel is for educational and training purpose only &amp; any stock mentioned here should not be taken as a tip\/recommendation\/advice<\/i><\/p>\n<p>Note \u2013 This channel is for educational and training purpose only &amp; any stock mentioned here should not be taken as a tip\/recommendation\/advice<\/p>\n<p>You may also like: <a href=\"https:\/\/univest.in\/blogs\/q3fy23-results-of-leading-it-companies-spring-a-pleasant-surprise\/\"><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Q3FY23 Results of leading IT companies spring a pleasant surprise&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:10753,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:921626},&quot;16&quot;:10}\">Q3FY23 Results of leading IT companies spring a pleasant surprise<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NIFTY50 The Nifty50 index had a mixed week, starting on a positive note but unable to maintain gains by the end. The market trend is currently in a rally attempt, but for the market trend to shift from a rally attempt to a confirmed uptrend, a strong follow-through day is required. Conversely, if the Nifty<\/p>\n","protected":false},"author":10,"featured_media":26919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[707,708],"class_list":["post-12921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-bank-nifty","tag-nifty-50"],"metadata":{"_edit_lock":["1675266164:10"],"_edit_last":["10"],"_nectar_gallery_slider":["off"],"_nectar_quote_author":[""],"_nectar_quote":[""],"_nectar_link":[""],"_nectar_video_m4v":[""],"_nectar_video_ogv":[""],"_nectar_video_poster":[""],"_nectar_video_embed":[""],"_nectar_audio_mp3":[""],"_nectar_audio_ogg":[""],"_post_item_masonry_sizing":["regular"],"_nectar_header_bg":[""],"_nectar_header_parallax":["off"],"_nectar_header_bg_height":[""],"_nectar_page_header_bg_alignment":["top"],"_nectar_header_bg_color":[""],"_nectar_header_font_color":[""],"_wpb_vc_js_status":["false"],"_yoast_wpseo_title":["Weekly Setup (23rd Jan-27th Jan)"],"_yoast_wpseo_metadesc":["The Nifty50 index had a mixed week, starting on a positive note but unable to maintain gains by the end. The market trend is...."],"_yoast_wpseo_content_score":["30"],"_yoast_wpseo_estimated-reading-time-minutes":[""],"_yoast_wpseo_wordproof_timestamp":[""],"_yoast_wpseo_primary_category":["24"],"nectar_blog_post_view_count":["166"],"_thumbnail_id":["26919"],"rank_math_primary_category":["24"],"rank_math_title":["Weekly Setup (23rd Jan-27th Jan)"],"rank_math_description":["The Nifty50 index had a mixed week, starting on a positive note but unable to maintain gains by the end. 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