NIFTY:
Nifty opened at 16593.10 with a big gap down of 200 points. Initial prices moved higher and recorded its intraday high at 16678.50 within the first 15 minutes of trading. The index then drifted downwards. A sharp decline of almost 200 points brought prices to its intraday low at 16478.65 and then started a process of consolidation. The index bounced back from 16500,saw a sharp rally in the last hour of trading, and finally closed at 16605.95 near its opening tick wit h a loss of 187.95 points or 1.12% down. METAL continued its outperformance for the second day and ended wit h a gain of 4% followed by MEDIA and OIL GAS which ended wit h a ga in of more than 1%. BANK, FINANCIAL, and AUTO underperformed today and ended with a loss of more than 2%.
A Volatility is very high as the volatility index ‘INDIA VIX’ rose today and is now moving around 30. It will be normal when the index moves below 18.The n chances of a low volatile environment are less at least for this week due to the Russia- Ukraine issue. Support is visible around first at 16200, if breach then 15500. Strong resistance is visible inside the 16800 – 16900 range and the index faces strong resistance there. So we have a range within 16200 – 16800 zones. We are in an environment of fear & uncertainty. In such an environment we should step aside and not indulge ourselves in any kind of trading.
BANK NIFTY:
BANK NIFTY opened at 35381.90 with a big gap down of 830 points. The index recorded its intraday high at 35553.70 and moved on the downside. The index added another almost 500 points on the downside and recorded its intraday low at 34897.45 and then finds support there. A rally brought prices near to its opening tick and finally closed at 35474.50 wit h a loss of 737 points. PVT BANKS have underperformed today and closed with a loss of 2.38%. PSU BANKS have also moved down and closed with a loss of 1.06%.
We should avoid trading the index and wait markets to stabilize first. The trend is still on t he downside and it will be down as far as prices are trading below the immediate resistance level around 36800. Support is visible around 34000.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| MUTHOOTFIN | 1386 | BUY | The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought with a stop loss of 1370 and for the target of 1415. |
| NAUKRI | 4568 | BUY | The immediate trend of the script is bullish. There is a positive cross over of moving averages as well as of the indicators therefore it can be buy above 4570 with a stop loss of 4500 and target of 4680. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| RELIANCE | 2420 CE | BUY | 64 | CMP | 45 | 90 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| STAR.Mar 31 | 321 | 0.03 | 1.09 | 4170600 | MARUTI.Mar 31 | 7837.95 | -5.93 | 17.85 | 2972700 | |
| RBLBANK.Mar 31 | 133.75 | 0.07 | 3.36 | 35545300 | CROMPTON.Mar 31 | 406.7 | -5.01 | 1.66 | 4107400 | |
| UBL.Mar 31 | 1505.15 | 0.07 | 8.74 | 962150 | DRREDDY.Mar 31 | 3870 | -5.01 | 13.29 | 3243375 | |
| IDFCFIRSTB.Mar 31 | 42.2 | 0.12 | 2.77 | 1.37E+08 | BANDHANBNK.Mar 31 | 292.15 | -4.76 | 5.27 | 23484600 | |
| WIPRO.Mar 31 | 558 | 0.18 | 3.35 | 34856000 | BAJAJ-AUTO.Mar 31 | 3367.95 | -4.62 | 8.2 | 2138500 | |
| Short Covering | Long Unwinding | |||||||||
| DELTACORP.Mar 31 | 263.7 | 0.02 | -0.35 | 13172100 | ALKEM.Mar 31 | 3264 | -0.74 | -0.7 | 256200 | |
| ADANIENT.Mar 31 | 1652 | 0.34 | -0.18 | 20463500 | LALPATHLAB.Mar 31 | 2499 | -0.79 | -1.32 | 848625 | |
| ESCORTS.Mar 31 | 1795.55 | 0.35 | -2.91 | 3713050 | COFORGE.Mar 31 | 4497.9 | -0.8 | -0.45 | 509800 | |
| AMARAJABAT.Mar 31 | 564.1 | 0.36 | -0.49 | 6847000 | ||||||
| GODREJPROP.Mar 31 | 1511.95 | 0.42 | -0.25 | 5137275 | ||||||
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Dabur India Ltd. | 565.25 | 0.34 | 1871881 | 0 | 74.98 | Nifty50 | 16605.95 | -1.12 | 77778 | |
| Hdfc Bank Ltd. | 1374.25 | -3.65 | 19252780 | 0 | 74.01 | Niftybank | 35372.8 | -2.3 | 77778 | |
| Hdfc Ltd. | 2278.1 | -3.65 | 8890970 | 0 | 72.95 | Nifty it | 33720 | -0.38 | 77778 | |
| Nestleind | 17844.6 | 1.16 | 86631 | 0 | 71.21 | Nifty Auto | 10500.45 | -2.96 | 77781 | |
| Torrent Pharma Ltd. | 2772.15 | 0.81 | 110221 | 0 | 70.6 | Nifty Metal | 6136.7 | 4.07 | 77781 | |
| Escorts India Ltd. | 1868.55 | 0.95 | 2077119 | 0 | 68.56 | India Vix | 29.23 | 2.31 | 77778 | |
| Marico Limited | 512.55 | -0.42 | 1985091 | 0 | 68.17 | Nifty Realty | 431.25 | -1.18 | 77781 | |
| Colgate Palmolive (india | 1447.5 | -0.2 | 394137 | 0 | 67.64 | Nifty Fmcg | 35364.45 | -0.43 | 77781 | |
| Icici Lombard General In | 1251.55 | -0.97 | 915621 | 0 | 67.38 | Nifty Media | 2048.2 | 1.87 | 77781 | |
| Hdfc Life Insurance Comp | 560.8 | 7.19 | 41081069 | 0 | 66.47 | Nifty Pharma | 12689.55 | -1.84 | 77781 | |
| Hdfc Life Insurance Comp | 560.8 | 7.19 | 41081069 | 0 | 66.47 | Nifty Financial Services | 16551.9 | -2.27 | 77781 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Nikkei Services PMI (Feb) on 4th March, 2022
INR: FX Reserves, USD on 4th March, 2022 |
•USD: Initial Jobless Claims on 3rd March, 2022
•USD: ISM Non-Manufacturing PMI (Feb) on 3rd March, 2022 |
NEWS UPDATES
- The financial services company Religare Enterprises on Wednesday announced the company has become debt-free after repaying Rs 185.5 crore to its subsidiary Religare Finvest. “We are pleased to announce that REL is completely debt free now. As a holding company, REL is providing the necessary growth capital to all its businesses and REL is all set to expand in new BFSI verticals, having synergies with existing businesses,” Rashmi Saluja, Chairperson of the company said in a regulatory filing to the exchanges on Wednesday.
- Since the fight between Ashneer Grover and BharatPe’s board began two months back, the company for the first officially accused the embattled founder’s family and relative of misappropriating funds on Wednesday. “The Grover family and their relatives engaged in extensive misappropriation of company funds, including, but not limited to, creating fake vendors through which they siphoned money away from the company’s account and grossly abused company expense accounts in order to enrich themselves and fund their lavish lifestyles,” said BharatPe.
- Tata Consumer Products is looking to ramp up its workforce by 8-10% this year as it remains bullish about hiring in the next several months. The company, which has 3,300-odd employees on its rolls, will be ramping up talent across functions – including marketing, digital and technology, sourcing and commercial areas in the business, among others.
- The Indian FMCG industry witnessed a consumption slowdown in urban markets and de-growth in rural areas in 2021, as the sector was hit hard by higher inflation levels forcing companies to go for successive price increases, said data analytics firm Nielsen.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ARIHCAPM | General;Interim Dividend;Stock Split | 03-Mar-22 | RITCO | General | 03-Mar-22 |
| CONTPTR | General | 03-Mar-22 | SHRMFGC | General | 03-Mar-22 |
| EASEMYTRIP | Bonus issue | 03-Mar-22 | SIGACHI | General | 03-Mar-22 |
| GCMCOMM | General | 03-Mar-22 | UNISH | General | 03-Mar-22 |
| GCMSECU | General | 03-Mar-22 | VBIND | General | 03-Mar-22 |
| GLOBALCA | General | 03-Mar-22 | WARNER | General | 03-Mar-22 |
| GREENCREST | General | 03-Mar-22 | WOCKPHARMA | Rights Issue | 03-Mar-22 |
| IDEA | General | 03-Mar-22 | ADVIKCA | General;Right Issue of Equity Shares | 04-Mar-22 |
| INTENTECH | General | 03-Mar-22 | NMSRESRC | General | 04-Mar-22 |
| JACKSON | General | 03-Mar-22 | RUBRAME | General | 04-Mar-22 |
| KHOOBSURAT | General | 03-Mar-22 | UBEINDL | General | 04-Mar-22 |
| MODULEX | Right Issue of Equity Shares;Rights Issue | 03-Mar-22 | CONTCHM | General | 05-Mar-22 |
| PRIMECAPM | General | 03-Mar-22 | IFL | Issue Of Warrants;InAuth. Cap.;Pref. Issue | 05-Mar-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ARSHIYA | 03-Mar-22 | Spin Off | DEEP | 08-Mar-22 | Bonus issue 3:4 |
| CONTAINER | 03-Mar-22 | Stock Split From Rs.10/- to Rs.5/- | VIPIND | 08-Mar-22 | Interim Dividend |
| PGFOILQ | 03-Mar-22 | E.G.M. | VEDL | 09-Mar-22 | Interim Dividend |
| JAYSHREETEA | 07-Mar-22 | E.G.M. | BCLENTERPR | 10-Mar-22 | Bonus issue 1:1 |
| NOUVEAU | 07-Mar-22 | Stock Split From Rs.10/- to Rs.1/- | BCLENTERPR | 10-Mar-22 | Stock Split From Rs.10/- to Rs.1/- |
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