NIFTY:
The NIFTY opened at 18118.45 with a gap up of 91 points. The index initially went down but soon found support and turned up after recording its intraday low at 18063.45. Prices have seen a sharp upside move and then faces resistance around 18150 and started a down move after recording its intraday high at 18162.60. The down move brought the index near its early morning low. However, prices have seen some recovery and finally closed at 18118.55 almost at its opening tick with a gain of 90.90 points or 0.50% up. The IT sector outperformed today and ended with a gain of nearly 2% followed by AUTO, FMCG, and PHARMA REALTY and METAL underperformed today and ended with a loss. For the past four trading days, the index is moving very narrowly inside just 200 points of the range. Boundaries are 18000 and 18200. This narrow movement suggests a sharp move is about to come. A breakout from this 200 point of the range may decide the next directional move. Till then step aside and avoid trading the index.
BANK NIFTY:
The BANK NIFTY opened at 4289145 with a big gap up of 377 points. The index initially moved lower but soon found support and bounced up. Prices have rallied, faces resistance around 43000, and turned down after recording its intraday high at 43005.85. A mild decline brought prices to its intraday low at 72727.70 and the index finally closed at 42755.30 with a gain of 241 points. PVT and PSU BANK both indices have performed almost the same today, saw an intraday rally and closed with a gain of 0.58% & 0.44% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while ICICI BANK contributed the lowest. It was a choppy day where prices moved in a narrow range of about just 278 points. A gap-up opening sustain today but the index could not build upon gains and closed near the opening tick. The short-term trend is up now. We have been tracking a narrow trading range inside 41700-42700. This range has seen a breakout on the upside. However, it was not decisive so we need a follow-through on the upside to confirm. We should wait for a confirmation and then plan our trade accordingly. As of now, step aside and avoid trading the index.
TECHNICAL PICKS
| COMPANY NAME |
CMP |
B/S |
RATIONALE |
| ITC |
337.75 |
BUY |
The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought above 338.25 with a stop loss of 336.75 and a target of 341.25. |
| EXIDE INDIA |
184.25 |
SELL |
The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 184.05 with a stop loss of 185.75 and a target of 181.45. |
DERIVATIVE PICKS
| Stock Name |
Strike Price |
Buy/Sell |
CMP |
Initiation |
Stop Loss |
Target |
Remarks |
| RELIANCE |
2400 PE |
BUY |
6.15 |
ABOVE 6.90 |
4.65 |
11.50 |
BREAKDOWN |
| Long Buildup |
|
Short Buildup |
| Stocks |
Price |
Price% |
OI % |
OI |
|
Stocks |
Price |
Price% |
OI % |
OI |
| CANFINHOME.23.01Jan |
551.95 |
6.16 |
6.56 |
3246750 |
|
AXISBANK.23.01 Jan |
930.7 |
-0.17 |
3.91 |
35190000 |
| BANDHANBNK.2301Jan |
247.85 |
3.99 |
0.89 |
40978800 |
|
ADANIENT.23.01 Jan |
3440.85 |
-0.46 |
6.38 |
8954750 |
| MANAPPURAM2301Jan |
119.05 |
3.21 |
6.68 |
40044000 |
|
BEL.23.01 Jan |
101.85 |
-0.15 |
6.63 |
79247100 |
| ASHOKLEY.23.01 Jan |
147.35 |
2.26 |
13.96 |
69175000 |
|
PIIND.23.01 Jan |
3134.5 |
-3.28 |
12.04 |
1279250 |
| NAUKRI.23.01 Jan |
3760.2 |
2.15 |
5.23 |
1015750 |
|
RELIANCE.23.01 Jan |
2429.95 |
-0.7 |
4.99 |
31045250 |
| Short Covering |
|
Long Unwinding |
| Stocks |
Price |
Price% |
OI % |
OI |
|
Stocks |
Price |
Price% |
OI % |
OI |
| TORNTPOWER.2301Jan |
490.9 |
6.57 |
-5.99 |
2941500 |
|
INDIACEM.23.01 Jan |
206.8 |
-3.77 |
-13.48 |
9923800 |
| COFORGE.23.01 Jan |
4351.85 |
5.78 |
-10.1 |
547650 |
|
ATUL.23.01 Jan |
7128.75 |
-3.61 |
-10.64 |
129150 |
| PERSISTENT.23.01 Jan |
4495.7 |
5.43 |
-0.43 |
481425 |
|
IDEA.23.01 Jan |
7 |
-3.45 |
-29.13 |
237790000 |
| INTELLECT.23.01 Jan |
430 |
4.65 |
-24.06 |
3359000 |
|
RAMCOCEM.23.01 Jan |
684.05 |
-2.92 |
-21.25 |
1972000 |
| AUBANK.23.01 Jan |
642.75 |
4.22 |
-36.37 |
4485000 |
|
NAVINFLUOR.23.01 Jan |
3975.3 |
-2.05 |
-26.64 |
256050 |
TOP DELIVERY PERCENTAGE
| Stocks |
Price |
%Chg |
Total Qty |
Delivery |
Del % |
|
|
% Change |
|
|
|
|
|
|
|
Sectors |
Price |
Change % |
Quantity |
| Marico Limited |
503.95 |
-0.25 |
605076 |
0 |
81.59 |
|
Nifty50 |
18118.55 |
0.5 |
87537 |
| Infosys Limited |
1548 |
1.47 |
4855020 |
0 |
79.52 |
|
Niftybank |
42821.25 |
0.74 |
87549 |
| Hcl Technologies Ltd. |
1121.2 |
1.21 |
1696834 |
0 |
77.94 |
|
Nifty it |
30086 |
1.88 |
87549 |
| Icici Lombard General In |
1160 |
0.56 |
832729 |
0 |
75.29 |
|
India Vix |
13.62 |
-1.23 |
87549 |
| Tata Consultancy Serv Lt |
3414.9 |
1.54 |
1067916 |
0 |
74.67 |
|
Nifty Fmcg |
44261.9 |
0.83 |
87549 |
| Itc Ltd. |
337.75 |
0.94 |
7124807 |
0 |
74.36 |
|
Nifty Pharma |
12718.45 |
0.89 |
87549 |
| Kotak Mahindra Bank Limi |
1783.75 |
1.18 |
7764627 |
0 |
74.1 |
|
Nifty Realty |
424.75 |
-0.63 |
87549 |
| Cummins India Limited |
1427.05 |
-1.4 |
462438 |
0 |
72.42 |
|
Nifty Auto |
12797.05 |
0.83 |
87549 |
| Bharti Airtel Limited |
772.7 |
1.08 |
2685320 |
0 |
71.86 |
|
Nifty Metal |
6777.85 |
-0.4 |
87549 |
| Hdfc Bank Ltd. |
1673.1 |
0.73 |
7722200 |
0 |
71.76 |
|
Nifty Financial Services |
18887.5 |
0.61 |
87546 |
UPCOMING ECONOMIC DATA
| Domestic International |
| INR: Nikkei S&P Global Manufacturing PMI (Jan) on 1st February, 2023
INR: Union Budget 2023-24 on 1st February, 2023 |
USD: Crude Oil Inventories on 25th January, 2023
USD: GDP (QoQ) (Q4) on 26th January, 2023 |
NEWS UPDATES
- Benchmark indices ended on positive note with Nifty above 18100. At Close, the Sensex was up 319.90 points or 0.53% at 60,941.67, and the Nifty was up 90.80 points or 0.50% at 18,118.50. About 1595 shares have advanced, 1947 shares declined, and 180 shares are unchanged..
- Axis Bank reported a net profit of Rs 5,853 crore for the December quarter (Q3FY23), a growth of 62 percent year-on-year, beating street estimates comfortably. The private sector lender’s net interest income rose 32 percent year-on-year to Rs 11,459 crore on the back of a strong 15 percent loan growth and an expansion in net interest margins.
- Sterlite Power on Monday said it has bagged orders worth Rs 3,800 crore in the first three quarters of this fiscal, which is 90 per cent higher than a year ago.
- Apple Inc wants India to account for up to 25% of its production from about 5%-7% now, the trade minister told a conference on Monday, as the iPhone maker continues to move its manufacturing away from China.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
| Company Name |
Purpose |
Meeting Date |
Company Name |
Purpose |
Meeting Date |
| ACCELYA |
Interim Dividend;Quarterly Results |
24-Jan-23 |
MARUTI |
Quarterly Results |
24-Jan-23 |
| ADROITINFO |
Quarterly Results |
24-Jan-23 |
MORARKFI |
Quarterly Results |
24-Jan-23 |
| ALLSEC |
Quarterly Results |
24-Jan-23 |
MOTILALOFS |
Interim Dividend;Quarterly Results |
24-Jan-23 |
| AMJLAND |
Quarterly Results |
24-Jan-23 |
MRO-TEK |
Quarterly Results |
24-Jan-23 |
| APOLLOPIPES |
Quarterly Results |
24-Jan-23 |
NAZARA |
Quarterly Results |
24-Jan-23 |
| ATFL |
Quarterly Results |
24-Jan-23 |
ODYSSEY |
Quarterly Results |
24-Jan-23 |
| AURIONPRO |
Quarterly Results |
24-Jan-23 |
PARACABLES |
General;Quarterly Results |
24-Jan-23 |
| AVL |
General;Quarterly Results |
24-Jan-23 |
PARAGMILK |
Quarterly Results |
24-Jan-23 |
| BETXIND |
Quarterly Results |
24-Jan-23 |
PDSL |
Quarterly Results |
24-Jan-23 |
| BHARATWIRE |
Quarterly Results |
24-Jan-23 |
PGINVIT |
General;Quarterly Results |
24-Jan-23 |
| BIGBLOC |
General;Quarterly Results |
24-Jan-23 |
PIDILITIND |
Quarterly Results |
24-Jan-23 |
| BLISSGVS |
Quarterly Results |
24-Jan-23 |
PNBHOUSING |
Quarterly Results |
24-Jan-23 |
| CARTRADE |
Quarterly Results |
24-Jan-23 |
PUNJABCHEM |
Quarterly Results |
24-Jan-23 |
| CENTENKA |
Quarterly Results |
24-Jan-23 |
QUICKHEAL |
Quarterly Results |
24-Jan-23 |
| CGPOWER |
Quarterly Results |
24-Jan-23 |
RADIOCITY |
Quarterly Results |
24-Jan-23 |
| CHALET |
Quarterly Results |
24-Jan-23 |
RIDHISYN |
Quarterly Results |
24-Jan-23 |
| COLPAL |
Quarterly Results |
24-Jan-23 |
SASKEN |
General;Quarterly Results |
24-Jan-23 |
| DUNCANENG |
Quarterly Results |
24-Jan-23 |
SBICARD |
Quarterly Results |
24-Jan-23 |
| EARUM |
Right Issue of Equity Shares |
24-Jan-23 |
SDBL |
Right Issue of Equity Shares;General;Quarterly Results |
24-Jan-23 |
| ELECON |
Quarterly Results |
24-Jan-23 |
SHARDACROP |
Interim Dividend;Quarterly Results |
24-Jan-23 |
| GATEWAY |
Quarterly Results |
24-Jan-23 |
SHREETULSI |
Quarterly Results;General |
24-Jan-23 |
| GEOJITFSL |
General;Quarterly Results |
24-Jan-23 |
SKYLMILAR |
Quarterly Results |
24-Jan-23 |
| GOLDENCREST |
General;Quarterly Results |
24-Jan-23 |
SNOWMAN |
Quarterly Results |
24-Jan-23 |
| GRANULES |
Quarterly Results |
24-Jan-23 |
SONACOMS |
Interim Dividend;Quarterly Results |
24-Jan-23 |
| GRAVISSHO |
Quarterly Results |
24-Jan-23 |
SONATSOFTW |
Quarterly Results |
24-Jan-23 |
| HARYNACAP |
Quarterly Results |
24-Jan-23 |
SOUTHBANK |
Quarterly Results |
24-Jan-23 |
| HDFCAMC |
Quarterly Results |
24-Jan-23 |
STAR |
Quarterly Results |
24-Jan-23 |
| HOMEFIRST |
Quarterly Results |
24-Jan-23 |
STARHFL |
Quarterly Results |
24-Jan-23 |
| ICL |
Quarterly Results |
24-Jan-23 |
STRGRENWO |
Quarterly Results |
24-Jan-23 |
| INANI |
Quarterly Results |
24-Jan-23 |
SUPREMEIND |
Quarterly Results |
24-Jan-23 |
| INDOCO |
Quarterly Results |
24-Jan-23 |
SURAJLTD |
Quarterly Results |
24-Jan-23 |
| INDUSTOWER |
Audited Results;Quarterly Results |
24-Jan-23 |
TANAA |
Interim Dividend;Quarterly Results |
24-Jan-23 |
| IRONWOOD |
Quarterly Results |
24-Jan-23 |
TATACOFFEE |
Quarterly Results |
24-Jan-23 |
| ISMTLTD |
Quarterly Results |
24-Jan-23 |
TATVA |
Quarterly Results |
24-Jan-23 |
| KSCL |
Quarterly Results |
24-Jan-23 |
TRIVENI |
Quarterly Results |
24-Jan-23 |
| LATENTVIEW |
Quarterly Results |
24-Jan-23 |
TVSMOTOR |
Interim Dividend;Quarterly Results |
24-Jan-23 |
| LKPSEC |
Quarterly Results |
24-Jan-23 |
UCOBANK |
Quarterly Results |
24-Jan-23 |
| LODHA |
Quarterly Results |
24-Jan-23 |
UNITDSPR |
Quarterly Results |
24-Jan-23 |
| LONTE |
Quarterly Results |
24-Jan-23 |
VAIBHAVGBL |
Interim Dividend;Quarterly Results |
24-Jan-23 |
| LXCHEM |
Quarterly Results |
24-Jan-23 |
VIVANZA |
General;Stock Split;Quarterly Results |
24-Jan-23 |
| MANRAJH |
Quarterly Results |
24-Jan-23 |
ZSATYASL |
Quarterly Results |
24-Jan-23 |
CORPORATE ACTION
| Company Name |
Ex-Date |
Purpose |
Company Name |
Ex-Date |
Purpose |
| ANGELONE |
24-Jan-23 |
Interim Dividend – Rs. – 9.6000 |
ACGL |
01-Feb-23 |
Interim Dividend – Rs. – 2.5000 |
| CARGOSOL |
24-Jan-23 |
E.G.M. |
DCMSHRIRAM |
01-Feb-23 |
Interim Dividend – Rs. – 5.8000 |
| GOTHIPL |
24-Jan-23 |
Interim Dividend – Rs. – 2.0000 |
MASTEK |
01-Feb-23 |
Interim Dividend – Rs. – 7.0000 |
| PRECWIRE |
24-Jan-23 |
E.G.M. |
MFL |
01-Feb-23 |
Interim Dividend – Rs. – 2.5000 |
| WIPRO |
24-Jan-23 |
Interim Dividend – Rs. – 1.0000 |
SHAREINDIA |
01-Feb-23 |
Interim Dividend |
| HAVELLS |
25-Jan-23 |
Interim Dividend – Rs. – 3.0000 |
THANGAMAYL |
01-Feb-23 |
Interim Dividend |
| NATIONALUM |
25-Jan-23 |
Interim Dividend – Rs. – 1.0000 |
ZENITHEXPO |
01-Feb-23 |
E.G.M. |
| PERSISTENT |
25-Jan-23 |
Interim Dividend – Rs. – 28.0000 |
ACCELYA |
02-Feb-23 |
Interim Dividend |
| ABIRAFN |
27-Jan-23 |
Buy Back of Shares |
SAREGAMA |
02-Feb-23 |
Interim Dividend – Rs. – 3.0000 |
| HINDZINC |
27-Jan-23 |
Interim Dividend – Rs. – 13.0000 |
SHUKRAPHAR |
02-Feb-23 |
Right Issue of Equity Shares |
| METROBRAND |
27-Jan-23 |
Interim Dividend – Rs. – 2.5000 |
TANAA |
02-Feb-23 |
Interim Dividend |
| PBAINFRA |
27-Jan-23 |
E.G.M. |
VIPIND |
02-Feb-23 |
Interim Dividend |
| PGINVIT |
27-Jan-23 |
Income Distribution (InvIT) |
IIFLSEC |
03-Feb-23 |
Interim Dividend |
| SURYAROSNI |
27-Jan-23 |
Interim Dividend – Rs. – 3.0000 |
SUNCLAYLTD |
03-Feb-23 |
Interim Dividend |
| 360ONE |
30-Jan-23 |
Interim Dividend – Rs. – 17.0000 |
VAIBHAVGBL |
03-Feb-23 |
Interim Dividend |
| ASCENSIVE |
30-Jan-23 |
E.G.M. |
ZENSARTECH |
03-Feb-23 |
Interim Dividend |
| BANARBEADS |
30-Jan-23 |
Interim Dividend – Rs. – 2.0000 |
SIYSIL |
06-Feb-23 |
Interim Dividend |
| BAZELINTER |
30-Jan-23 |
E.G.M. |
TCI |
07-Feb-23 |
Interim Dividend |
| LTIM |
30-Jan-23 |
Interim Dividend – Rs. – 20.0000 |
GILLETTE |
09-Feb-23 |
Interim Dividend |
| SIEMENS |
30-Jan-23 |
Final Dividend – Rs. – 10.0000 |
ENGINERSIN |
13-Feb-23 |
Interim Dividend |
| CCL |
31-Jan-23 |
Interim Dividend – Rs. – 3.0000 |
PGHL |
13-Feb-23 |
Interim Dividend |
| MONIND |
31-Jan-23 |
E.G.M. |
TVTODAY |
13-Feb-23 |
Interim Dividend |
| RKFORGE |
31-Jan-23 |
Interim Dividend – Rs. – 0.5000 |
CAMS |
15-Feb-23 |
Interim Dividend |
| WENDT |
31-Jan-23 |
Interim Dividend – Rs. – 30.0000 |
STL |
15-Feb-23 |
Stock Split From Rs.10/- to Rs.2/- |
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