NIFTY:
The NIFTY opened at 16984.30 with a gap up of 39 points. The index initially moved lower, filled the gap but soon found support and started an upside move. The rally faced strong resistance around 17050 and started a consolidation process within the 16980-17050 range. That range eventually breaks on the upside and prices have rallied higher. However, another decline came in the last hour of trading and prices finally closed at 16985.70 almost at its opening tick with a gain of 40.65 points or0.24% up. The MEDIA and REALTY led the bears today and ended with a loss of over 1% followed by AUTO. PHARMA outperformed today and gained 1.08% followed by FMCG which ended 0.28% higher. It was a volatile day today in the NIFTY index where prices moved sharply in both directions and finally ended near the opening tick with marginal gains. It was also a narrow-range day as prices remained within the previous day’s trading range.
BANK NIFTY:
The BANK NIFTY opened at 39484.70 with a gap up of 133 points. The index initially moved lower but soon found support and turned up. Prices have found resistance and turned down. The index again rallied, this time more sharply and recorded its intraday high at 39695.20. Prices have again moved down towards the end, recorded its intraday low at 39273.75 and finally closed at 39309.45 with a loss of just 42 points. PVT BANK has underperformed today, saw an intraday decline, and closed lower by 0.17% PSU BANK has outperformed today and closed with a gain of 0.26%. Within the index, in terms of points, SBIN contributed the highest on the upside while ICICI BANK contributed the lowest. The index first breaks the high recorded around 39500 and then breaks the low also recorded around 39320, Since we suggested taking two trades so we incurred a loss of almost 360 points. A narrow trading range inside 38500-40000 remained intact.
TECHNICAL PICKS
COMPANY NAME | CMP | B/S | RATIONALE |
DALMIA BHARAT | 1869.30 | BUY | The stock has given a breakout on the intraday and the daily chart. The stock can be bought above 1873 with a stop loss of 1859.25 and a target of 1900. |
CUMMINSIND | 1585.55 | SELL | The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1580.45 with a stop loss of 1605.10 and a target of 1539.50. |
DERIVATIVE PICKS
Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
KOTAK BANK (APRIL EXP) | 1700 PE | SELL | 28.40 | BELOW 24.40 | 29.10 | 17.30 | BREAKDOWN |
Long Buildup | Short Buildup | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
Short Covering | Long Unwinding | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
BIOCON.23.03 Mar | 206.6 | 4.13 | -49.06 | 17139600 | IEX.23.03 Mar | 134.25 | -6.28 | -26.69 | 17643750 | |
GLENMARK.23.03 Mar | 441.05 | 3.46 | -27.11 | 2897100 | IDEA.23.03 Mar | 6.1 | -3.17 | -22.26 | 263270000 | |
LUPIN.23.03 Mar | 660.4 | 2.88 | -45.04 | 3084650 | TORNTPOWER.23.03Mar | 489.45 | -3.07 | -10.17 | 2464500 | |
HAL.23.03 Mar | 2639 | 2.6 | -14.41 | 2137800 | TATAPOWER.23.03 Mar | 187.05 | -2.86 | -28.39 | 52116750 | |
METROPOLIS.23.03 Mar | 1237.45 | 2.5 | -35.29 | 532400 | GNFC.23.03 Mar | 500.6 | -2.8 | -43.61 | 3318900 |
TOP DELIVERY PERCENTAGE
Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
Sectors | Price | Change % | Quantity | |||||||
Hindustan Unilever Ltd | 2499 | 0.73 | 1387736 | 1055588 | 72.83 | Nifty50 | 16985.7 | 0.24 | 25145791 | |
Power Grid Corporation o | 220.1 | -1.03 | 14987800 | 5570504 | 71.61 | Niftybank | 39431.3 | 0.09 | 10826759 | |
Crompton Greaves Consume | 295.95 | 0.75 | 2999343 | 3436200 | 70.8 | Nifty it | 27948.7 | 0.05 | 724056 | |
Marico Limited | 479.75 | 0.53 | 1033080 | 726089 | 70.36 | India Vix | 15.44 | 1.31 | 274995515 | |
Itc Ltd. | 380.2 | 0.4 | 10816352 | 6876733 | 69.22 | Nifty Fmcg | 45188 | 0.28 | 377847 | |
Metropolis Healthcare Li | 1233.05 | 2.46 | 230838 | 177161 | 66.7 | Nifty Pharma | 11882.75 | 1.08 | 36011914 | |
Cipla Ltd | 889.3 | 1.37 | 3986238 | 2087800 | 65.94 | Nifty Realty | 376.55 | -1.16 | 1126605277 | |
Sun Pharma Ltd | 983.45 | 1.09 | 2473222 | 986057 | 64.27 | Nifty Auto | 12035.1 | -0.65 | 35429702 | |
Bata India Ltd. | 1399.3 | -1.21 | 276549 | 531488 | 63.01 | Nifty Metal | 5372.85 | 0 | 79383895 | |
Infosys Limited | 1388.95 | 0.6 | 4170193 | 4757124 | 62.93 | Nifty Financial Services | 17616.05 | -0.04 | 4952325 |
UPCOMING ECONOMIC DATA
Domestic International | |
INR: Federal Fiscal Deficit (Feb) 31st March, 2023
INR: Infrastructure Output (YoY) (Feb) 31st March, 2023 |
USD: CB Consumer Confidence (Mar) on 28th March, 2023
USD: Pending Home Sales (MoM) (Feb) on 29th March, 2023 |
NEWS UPDATES
-
NIFTY:
Benchmark indices ended marginally higher on March 27 amid high volatility. The Sensex was up 126.76 points or 0.22% at 57,653.86, and the Nifty was up 40.70 points or 0.24% at 16,985.70. About 899 shares advanced, 2649 shares declined, and 138 shares unchanged.
-
NIFTY:
Oyo Hotels is reducing the shares it aims to sell via a stock-market debut by about two-thirds, an effort by its founder to get the sale done even after tech valuations plunged.
-
NIFTY:
Mamaearth CEO and co-founder Varun Alagh on March 27 “dismissed” as baseless the reports that said the skincare company had scrapped its initial public offering (IPO) plan.
-
NIFTY:
India has reported 1,805 new coronavirus cases, while the active cases have surpassed the 10,000-mark after 134 days, according to Union Health Ministry data updated on March 27.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
Company Name | Purpose | Meeting Date | Company Name | Purpose | Meeting Date |
7TEC | General | 28-Mar-23 | SCTL | Preferential Issue of shares | 28-Mar-23 |
ADITYA | General | 28-Mar-23 | SHABCHM | General | 28-Mar-23 |
ASMS | Preferential Issue of shares | 28-Mar-23 | VEDL | Interim Dividend | 28-Mar-23 |
ENCASH | General | 28-Mar-23 | WARDWIZFBL | General;Preferential Issue of shares | 28-Mar-23 |
FLOMIC | General | 28-Mar-23 | ADROITINFO | A.G.M. | 29-Mar-23 |
GAL | Issue Of Warrants;General;Preferential Issue of shares | 28-Mar-23 | FILATFASH | General | 29-Mar-23 |
HONDAPOWER | General | 28-Mar-23 | GENSOL | General | 29-Mar-23 |
IFCI | Preferential Issue of shares | 28-Mar-23 | GETALONG | General | 29-Mar-23 |
KREONFIN | General | 28-Mar-23 | KAVVERITEL | General | 29-Mar-23 |
MODULEX | Quarterly Results | 28-Mar-23 | MARIS | General | 29-Mar-23 |
MOSCHIP | Preferential Issue of shares | 28-Mar-23 | PNB | General | 29-Mar-23 |
NHPC | General | 28-Mar-23 | RESPONSINF | Preferential Issue of shares | 29-Mar-23 |
NINSYS | General | 28-Mar-23 | RGRL | General | 29-Mar-23 |
PNBHOUSING | Right Issue of Equity Shares;General | 28-Mar-23 | SIRCA | Bonus issue;Increase in Authorised Capital | 29-Mar-23 |
PRIMIND | Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares | 28-Mar-23 | SRGHFL | Employees Stock Option Plan | 29-Mar-23 |
RUSHIL | General;Rights Issue | 28-Mar-23 | SUPRAP | General | 29-Mar-23 |
SAMOR | General | 28-Mar-23 | TALBROSENG | General | 29-Mar-23 |
Corporate Action
Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
BCONCEPTS | 29-Mar-23 | Interim Dividend – Rs. – 0.5000 | MKVENTURES | 03-Apr-23 | Right Issue of Equity Shares |
BHARATAGRI | 29-Mar-23 | Stock Split From Rs.10/- to Rs.1/- | TEAMLEASE | 03-Apr-23 | Buy Back of Shares |
HINDZINC | 29-Mar-23 | Interim Dividend – Rs. – 26.0000 | SKCIL | 05-Apr-23 | E.G.M. |
MIRZAINT | 29-Mar-23 | Spin Off | RVNL | 06-Apr-23 | Interim Dividend – Rs. – 1.7700 |
SBICARD | 29-Mar-23 | Interim Dividend – Rs. – 2.5000 | SHREESEC | 06-Apr-23 | Stock Split From Rs.10/- to Rs.1/- |
SEPC | 29-Mar-23 | Right Issue of Equity Shares | VEDL | 06-Apr-23 | Interim Dividend |
SYMPHONY | 29-Mar-23 | Buy Back of Shares | SCHAEFFLER | 11-Apr-23 | Final Dividend – Rs. – 24.0000 |
AEPL | 31-Mar-23 | Stock Split From Rs.10/- to Rs.1/- | MUTHOOTFIN | 18-Apr-23 | Interim Dividend |
ANGELONE | 31-Mar-23 | Interim Dividend – Rs. – 9.6000 | HUHTAMAKI | 20-Apr-23 | Dividend – Rs. – 2.0000 |
AVANCE | 31-Mar-23 | Stock Split From Rs.10/- to Rs.5/- | JETINFRA | 21-Apr-23 | Bonus issue 1:1 |
CRISIL | 31-Mar-23 | Final Dividend – Rs. – 23.0000 | NESTLEIND | 21-Apr-23 | Final Dividend – Rs. – 75.0000 |
DWARKESH | 31-Mar-23 | Interim Dividend – Rs. – 2.0000 | VESUVIUS | 26-Apr-23 | Final Dividend – Rs. – 8.2500 |
GPIL | 31-Mar-23 | Buy Back of Shares | ABB | 27-Apr-23 | Dividend – Rs. – 5.5000 |
IGL | 31-Mar-23 | Interim Dividend – Rs. – 10.0000 | HCLTECH | 28-Apr-23 | Interim Dividend |
SCI | 31-Mar-23 | Spin Off | KSB | 28-Apr-23 | Final Dividend – Rs. – 15.0000 |
HCKKVENTURE | 03-Apr-23 | E.G.M. | SANOFI | 28-Apr-23 | Final Dividend – Rs. – 194.0000 |
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