The NIFTY opened at 17665.75 with a gap down of 46 points. The index continued moving lower after the open but soon found support and bounced up after recording its intraday low at 17602.25. Prices have rallied sharply, reached around 17700, and then started a consolidation process. The consolidation breaks on the upside and prices have rallied again towards 17800. The index rallied till the end and recorded its intraday high at 17766.50. Prices have finally closed at 17754.40 near its day’s highs with a gain of 42.95 points or 0.24% up. The AUTO and OIL GAS outperformed today and ended with a gain of nearly 1% followed by BANK. REALTY, PHARMA and IT underperformed today and ended with a loss. Our view is we may see a consolidation process within the 17300-17800 zones if the index did not break the 17800 resistance. For the time being, we should avoid carrying forward trades and shift our focus to intraday trading only. We should follow buying on dips and selling on rallies approach as far as prices are trading within 17300-17800 zones.


The BANK NIFTY opened at 41178.35 with a gap down of 218 points. The index started consolidating after the opening tick which eventually broke on the upside. The index recorded its intraday low at 41100.35, a sharp rally, and then again went into a trading range. Prices broke out again, rallied even more sharply, and recorded its intraday high at 41625.35. The index finally closed at 41573.50 with a gain of 177 points. PSU and PVT BANK both indices have performed almost the same today, saw an intraday rally, and closed higher by almost 0.70% Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while KOTAK BANK contributed the least. We have identified a wide trading range on the daily timeframe chart with support around 39800 and resistance around 41800. Prices have been moving within this 2000 point of the trading range for more than a month. For the time being, we should avoid taking carry-forward trade and shift our focus to intraday trading only.


POLYCAB 3092.10 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 3107.80 with a stop loss of 3088.60 and a target of 3142.60.
INDUS TOWER 160.60 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 159.95 with a stop loss of 161.95 and a target of 156.65.



Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BALRAMCHIN.23.03 Mar 402.55 6.85 46.53 8081600 INDUSTOWER.23.03 Mar 157.8 -3.43 2.66 28344400
HAL.23.03 Mar 2849.2 5.41 11.52 3267600 CROMPTON.23.03 Mar 309.4 -2.23 5.53 5350500
INDUSINDBK.23.03 Mar 1177.05 4.39 1.99 26183250 LALPATHLAB.23.03 Mar 1912.2 -2.2 0.75 842500
BHEL.23.03 Mar 78.45 4.11 2.8 69447000 BAJFINANCE.23.03 Mar 6029.2 -2.06 2.1 4896250
PFC.23.03 Mar 168.7 3.91 3.88 59265800 SYNGENE.23.03 Mar 579.95 -1.87 1.49 2315000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MANAPPURAM.23.03 Mar 114.3 3.07 -1.41 34698000 DIXON.23.03 Mar 2933.95 -1.74 -0.64 638750
ADANIPORTS.23.03 Mar 714.2 3.02 -1.53 40362500 COFORGE.23.03 Mar 4284.7 -1.3 -3.72 861150
ADANIENT.23.03 Mar 2047.7 2.85 -0.86 9824500 APOLLOHOSP.23.03 Mar 4395.15 -1.2 -1.16 1372750
SIEMENS.23.03 Mar 3297.75 2.07 -0.59 1934350 ATUL.23.03 Mar 6985.05 -1.01 -1.19 149700
BAJAJ-AUTO.23.03 Mar 3819.15 2.02 -3.24 1068750 FSL.23.03 Mar 115.3 -0.95 -4.28 14986400


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1492.7 Nifty50 17754.4 0.24 28793771
Wipro Ltd 392.6 Niftybank 41577.1 0.55 12308304
Reliance Industries Ltd 2417.35 Nifty it 30065.7 -0.38 782764
Zee Entertain. 196.65 India Vix 12.45 1.47 408411179
Larsen & Toubro Limited 2170.8 Nifty Fmcg 45722 0.37 337017
Acc Limited 1886.5 Nifty Pharma 11750.15 -0.49 43386409
Itc Ltd. 392.4 Nifty Realty 407.05 -0.68 1254050614
Hcl Technologies Ltd. 1120.65 Nifty Auto 13019.5 0.85 39318223
Hindustan Unilever Ltd 2485.1 Nifty Metal 5679.25 -0.01 89905231
Tata Steel Limited 106.5 Nifty Financial Services 18393.2 0.13 5357115


   Domestic                                                                                                                                                  International
INR: Manufacturing Output (MoM) (Jan)10th March, 2023

INR: Industrial Production (YoY) (Jan) 10th March, 2023

 USD: Initial Jobless Claims on 9th March, 2023

USD: Unemployment Rate (Feb) on 10th March, 2023


  • Benchmark indices ended higher in the volatile session on March 8. At close, the Sensex was up 123.63 points or 0.21% at 60,348.09, and the Nifty was up 42.90 points or 0.24% at 17,754.40. About 1894 shares have advanced, 1502 shares declined, and 119 shares are unchanged.

  • Allcargo Logistics shares traded flat on March 8 even as the company announced a ramp-up in the contract logistics business and an exit from its non-core portfolio. The stock traded at Rs 374.30 on the NSE at 11.30am, lower by 0.01 percent from the previous close.

  • “Bajaj Finance’s one-year forward valuation implies 25 percent AUM (assets under management) growth with 20 percent RoE (return on equity) over the next decade. Despite superior technology, analytics, processes and distribution, it’s a tall task,” Ambit Capital said in a report, adding that no Indian lender has grown at a rate of more than 20 percent in the past two decades.

  • Homebuyers welcomed the National Company Law Tribunal’s (NCLT) 491-page order on March 7 that cleared the bid by a consortium of Suraksha Realty and Lakshdeep Investments and Finance to take over Jaypee Infratech Ltd (JIL), paving the way for the completion of almost 20,000 stuck homes in Noida and Greater Noida.

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
EVEXIA General 09-Mar-23 VEERHEALTH Preferential Issue of shares 10-Mar-23
GAL Preferential Issue of shares;General;Issue Of Warrants 09-Mar-23 AFFORDABLE General 11-Mar-23
GOBLIN Preferential Issue of shares;General 09-Mar-23 KHAITANLTD Quarterly Results 11-Mar-23
IFL Bonus issue;Stock  Split;General 09-Mar-23 NATURAL General 11-Mar-23
INDOWIND General 09-Mar-23 AGIIL Interim Dividend 13-Mar-23
INLANPR General 09-Mar-23 GAIL Interim Dividend;General 13-Mar-23
JETINFRA Bonus issue;Increase in Authorised Capital 09-Mar-23 GOLDLEG General 13-Mar-23
KDDL Interim Dividend;General 09-Mar-23 NATIONALUM Interim Dividend;General 13-Mar-23
MUTHOOTFIN General 09-Mar-23 SHRADDHA Right Issue of Equity Shares 13-Mar-23
POWERGRID General 09-Mar-23 SUNTV Interim Dividend 13-Mar-23
PRIMEFRESH General 09-Mar-23 TOYAMSL General 13-Mar-23
RECLTD General 09-Mar-23 HUDCO Interim Dividend 14-Mar-23
SMAUTO General 09-Mar-23 JAYATMA General 14-Mar-23
VIRPOLY General 09-Mar-23 JAYIND General 14-Mar-23
VTL General 09-Mar-23 PODARPIGQ Interim Dividend 14-Mar-23
AJANTPHARM Buy Back of Shares 10-Mar-23 QGO General 14-Mar-23
EKENNIS General 10-Mar-23 SUNGOLD General 14-Mar-23
GAMMONIND Quarterly Results 10-Mar-23 MIDHANI Interim Dividend 15-Mar-23
HAL Interim Dividend 10-Mar-23 KMSMEDI General 16-Mar-23
KAMOPAINTS Preferential Issue of shares;General;Issue Of Warrants 10-Mar-23 RADHIKAJWE Stock  Split 16-Mar-23
KPT General 10-Mar-23 SAMRATPH General 16-Mar-23
OISL Audited Results;General 10-Mar-23 BEL Interim Dividend 17-Mar-23
ORIENTTR General 10-Mar-23 SYLPH Stock  Split;General 20-Mar-23
SHARPLINE Preferential Issue of shares;Increase in Authorised Capital 10-Mar-23 SERA Stock  Split;General 22-Mar-23
SRUSTEELS Bonus issue;Interim Dividend;Increase in Authorised Capital 10-Mar-23 ADROITINFO A.G.M. 29-Mar-23
TATIAGLOB General 10-Mar-23 COFORGE Audited Results;Interim Dividend 27-Apr-23
UJJIVAN Interim Dividend 10-Mar-23 ULTRACEMCO Final Dividend;Audited Results 28-Apr-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
JSLHISAR 09-Mar-23 Amalgamation CSL 20-Mar-23 Stock  Split From Rs.10/- to Rs.2/-
KPEL 10-Mar-23 Stock  Split From Rs.10/- to Rs.5/- HAL 20-Mar-23 Interim Dividend
RHETAN 10-Mar-23 Bonus issue 11:4 SRUSTEELS 20-Mar-23 Interim Dividend
RHETAN 10-Mar-23 Stock  Split From Rs.10/- to Rs.1/- UJJIVAN 20-Mar-23 Interim Dividend
ASTRAL 14-Mar-23 Bonus issue 1:3 AGIIL 21-Mar-23 Interim Dividend
JUMBO 14-Mar-23 E.G.M. GAIL 21-Mar-23 Interim Dividend
ALLCARGO 15-Mar-23 Interim Dividend – Rs. – 3.2500 HUDCO 21-Mar-23 Interim Dividend
CGPOWER 15-Mar-23 Interim Dividend – Rs. – 1.5000 STANCAP 21-Mar-23 E.G.M.
DRONACHRYA 15-Mar-23 E.G.M. MIDHANI 23-Mar-23 Interim Dividend
ENBETRD 15-Mar-23 E.G.M. VIVANZA 24-Mar-23 Stock  Split From Rs.10/- to Rs.1/-
MEDICO 16-Mar-23 Stock  Split From Rs.10/- to Rs.2/- CRISIL 31-Mar-23 Final Dividend – Rs. – 23.0000
SBILIFE 16-Mar-23 Interim Dividend SCHAEFFLER 11-Apr-23 Final Dividend – Rs. – 24.0000
SHREESEC 16-Mar-23 Stock  Split From Rs.10/- to Rs.1/- HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000
TAPARIA 16-Mar-23 Interim Dividend – Rs. – 77.5000 NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000
HITECH 17-Mar-23 Stock  Split From Rs.10/- to Rs.1/- VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
NETTLINX 17-Mar-23 Interim Dividend – Rs. – 0.4000 ABB 27-Apr-23 Dividend – Rs. – 5.5000
TCMLMTD 17-Mar-23 E.G.M. KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
VIVANTA 17-Mar-23 Stock  Split From Rs.10/- to Rs.1/- SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000

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