The NIFTY opened at 17421.50 with a gap down of 46 points. The index continued its early morning bearish momentum and started drifting downward from its opening tick. Prices have recorded its intraday high at 17445.80 in its initial trades, saw a sharp downside move, and then started a consolidation process which eventually broke on the downside. The index moved down again, recorded its intraday low at 17306, and spent the last hour of trading moving sideways. Prices have finally closed at 17321.90 with a loss of 129 points or 0.74% down. REALTY outperformed today and ended with a gain of over 2%. PHARMA, OIL GAS, and METAL moved sideways today. IT underperformed today and ended with a loss of 1.26%. Moreover, the index is moving sideways for the last four trading days and locked itself in a range of just 150 points between 17300-17450. A breakout from this range may give us a trading opportunity.


The BANK NIFTY opened at 40604.55 with a gap down of almost 100 points. The index initially moved up but soon found resistance and turned down after recording its intraday high at 40773.25. Prices moved down and then went into a consolidation which eventually broke on the downside. The index again moved down, recorded its intraday low at 40312.90, and finally closed at 40330 with a loss of 373 points. PSU BANK outperformed today and ended almost unchanged while PVT BANKS underperformed today and ended with a loss of 0.75%. Within the index, in terms of points, HDFC BANK contributed the highest on the downside followed by AXIS BANK. The short-term trend is down now. However, another lower close may change it to down again. The index is finding resistance around 40800. Tomorrow, we should look for a shorting opportunity.


ULTRATECH CEM 7289.20 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 7321.50 with a stop loss of 7273.50 and a target of 7399.
INTELLECT DESIGN 444.85 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 442.45 with a stop loss of 446.60 and a target of 435.05.


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
AMBUJACEM.23.03 Mar 371.95 4.41 4.38 64702800 SIEMENS.23.03 Mar 3143 -3.96 10.92 2276725
ADANIPORTS.23.03 Mar 623.6 3.07 2.04 46407500 INTELLECT.23.03 Mar 446.6 -2.94 0.44 4111000
ADANIENT.23.03 Mar 1604.9 2.12 7.51 11358250 ICICIPRULI.23.03 Mar 399.8 -2.69 5.05 14997000
BHEL.23.03 Mar 74.65 2.05 3.4 73069500 MARUTI.23.03 Mar 8562 -2.67 11.75 2497900
TORNTPHARM.23.03 Mar 1505.85 1.68 3.69 2009000 ESCORTS.23.03 Mar 2000.35 -2.52 4.24 1473725
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
COALINDIA.23.03 Mar 224 2.54 -1.44 38703000 FSL.23.03 Mar 111.15 -2.84 -1.1 15407600
BPCL.23.03 Mar 323.2 1.6 -1.67 14880600 CANFINHOME.23.03 Mar 570.1 -1.85 -2.59 2934750
MRF.23.03 Mar 86878.7 0.69 -1.6 56580 ABBOTINDIA.23.03 Mar 20200.05 -1.59 -0.67 47280
MARICO.23.03 Mar 496.9 0.67 -1.05 7924800 ATUL.23.03 Mar 7029.65 -1.45 -1.39 170175
EXIDEIND.23.03 Mar 180.7 0.64 -2.4 17146800 INDIAMART.23.03 Mar 4879.95 -1.22 -1.82 316350


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1472.15 Nifty50 17321.9 -0.74 101775
Wipro Ltd 388.05 Niftybank 40389.8 -0.76 101700
Reliance Industries Ltd 2326.05 Nifty it 29717.45 -1.26 101700
Zee Entertain. 196.1 India Vix 12.97 -0.23 103599
Larsen & Toubro Limited 2121.6 Nifty Fmcg 44831.6 -0.51 101703
Acc Limited 1801.35 Nifty Pharma 11761.1 -0.03 101703
Itc Ltd. 375.55 Nifty Realty 405.95 2.06 101703
Hcl Technologies Ltd. 1105.95 Nifty Auto 12738.8 -0.86 101700
Hindustan Unilever Ltd 2455.35 Nifty Metal 5473.35 -0.08 101700
Tata Steel Limited 104.65 Nifty Financial Services 17946.95 -0.85 101703


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD 3rd March, 2023

INR: Nikkei Services PMI (Feb) 3rd March, 2023

 USD: ISM Non-Manufacturing PMI (Feb) on 3rd March, 2023

USD: JOLTs Job Openings (Jan) on 8th March, 2023


  • Benchmark indices ended lower on March 2 with around 17,300 amid selling across the sectors barring realty, power and oil & gas. At close, the Sensex was down 501.73 points or 0.84% at 58,909.35, and the Nifty was down 129 points or 0.74% at 17,321.90. About 1540 shares have advanced, 1824 shares declined, and 141 shares are unchanged.

  • Reliance Industries and Tata Power, as well as international companies like First Solar, are competing for India’s $2.4-billion financial incentive scheme to promote domestic solar module manufacturing and reduce dependence on imported panels from China, Bloomberg reported on March 2.

  • Enterprise aviation software provider Ramco Systems on March 2 announced that it has signed a pact with Etihad Airways Engineering to implement its Aviation Suite V5.9. The project was officially announced at the 2023 edition of MRO Middle East, held at Dubai World Trade Centre.

  • Shares of Olectra Greentech surged 9 percent intraday on March 2 after the company said its duty electric tipper received the country’s first homologation certificate from the Indian automobile regulatory agencies

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

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
JONJUA General 03-Mar-23 BINDALEXPO General 07-Mar-23
MESCON Quarterly Results 03-Mar-23 GLOBALCA General 07-Mar-23
ROSEMER Employees Stock Option Plan 03-Mar-23 SICAPIT General 07-Mar-23
URJAGLOBA General 03-Mar-23 SUPRAP General 07-Mar-23
VASCONEQ General 03-Mar-23 DEKSON General 08-Mar-23
ANANTRAJ General 04-Mar-23 PBGLOBAL General 08-Mar-23
BI General 04-Mar-23 EVEXIA General 09-Mar-23
J&KBANK General 04-Mar-23 GOBLIN General;Preferential Issue of shares 09-Mar-23
TAPARIA Increase in Authorised Capital;Interim Dividend;General 04-Mar-23 IFL Bonus issue;General;Stock  Split 09-Mar-23
VIVANZA General;Stock  Split 04-Mar-23 INDOWIND General 09-Mar-23
ALLCARGO Interim Dividend 06-Mar-23 VIRPOLY General 09-Mar-23
ANG General;Preferential Issue of shares 06-Mar-23 HAL Interim Dividend 10-Mar-23
BALGOPAL General 06-Mar-23 SRUSTEELS Bonus issue;Increase in Authorised Capital;Interim Dividend 10-Mar-23
BERYLSE General 06-Mar-23 HUDCO Interim Dividend 14-Mar-23
INDAGIV Quarterly Results 06-Mar-23 QGO General 14-Mar-23
NETTLINX Bonus issue;Interim Dividend 06-Mar-23 MIDHANI Interim Dividend 15-Mar-23
NIHARINF General;Preferential Issue of shares 06-Mar-23 RADHIKAJWE Stock  Split 16-Mar-23
SVPHOUSING General 06-Mar-23 SAMRATPH General 16-Mar-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANDHRACEMT 03-Mar-23 Resolution Plan -Suspension ASTRAL 14-Mar-23 Bonus issue 1:3
CAPPIPES 03-Mar-23 Bonus issue 2:1 JUMBO 14-Mar-23 E.G.M.
CAPPIPES 03-Mar-23 Stock  Split From Rs.10/- to Rs.1/- ALLCARGO 15-Mar-23 Interim Dividend
HINDBIO 03-Mar-23 Reduction of Capital DRONACHRYA 15-Mar-23 E.G.M.
KSOLVES 03-Mar-23 Interim Dividend – Rs. – 3.0000 ENBETRD 15-Mar-23 E.G.M.
RESPONIND 03-Mar-23 E.G.M. SHREESEC 16-Mar-23 Stock  Split From Rs.10/- to Rs.1/-
TMTIND-B1 03-Mar-23 E.G.M. TAPARIA 16-Mar-23 Interim Dividend
ZGOLDINV 03-Mar-23 E.G.M. VIVANTA 17-Mar-23 Stock  Split From Rs.10/- to Rs.1/-
FRASER 06-Mar-23 E.G.M. HAL 20-Mar-23 Interim Dividend
GUJTLRM 06-Mar-23 Stock  Split From Rs.10/- to Rs.1/- SRUSTEELS 20-Mar-23 Interim Dividend
HGS 06-Mar-23 Buy Back of Shares HUDCO 21-Mar-23 Interim Dividend
HGS 06-Mar-23 Interim Dividend – Rs. – 2.5000 MIDHANI 23-Mar-23 Interim Dividend
MPILCORPL 06-Mar-23 E.G.M. CRISIL 31-Mar-23 Final Dividend – Rs. – 23.0000
GOKULAGRO 08-Mar-23 Right Issue of Equity Shares SCHAEFFLER 11-Apr-23 Final Dividend – Rs. – 24.0000
MARICO 08-Mar-23 Interim Dividend – Rs. – 4.5000 HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000
RAMAPPR-B 08-Mar-23 E.G.M. NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000
TRIVIKRAMA 08-Mar-23 E.G.M. VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
JSLHISAR 09-Mar-23 Amalgamation ABB 27-Apr-23 Dividend – Rs. – 5.5000
KPEL 10-Mar-23 Stock  Split From Rs.10/- to Rs.5/- KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
RHETAN 10-Mar-23 Bonus issue 11:4 SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
RHETAN 10-Mar-23 Stock  Split From Rs.10/- to Rs.1/- SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000

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