The NIFTY opened at 17877.30 with a gap down of just 14 points. The index started drifting downwards from its opening tick and recorded its intraday high at 17884.75 in its initial trades. Prices have seen a sharp decline and went below 17800. The index kept on sliding lower and prices went below 17500 to record its intraday low at 17493.55.The index found support there and then started moving sideways which lasted till the end. The NIFTY finally closed at 17604.35 with a loss of 287.60points or 1.61% down. METAL and OIL GAS underperformed today and ended lower by more than 5% followed by BANK which ended with a loss of over 1% AUTO outperformed today and gained more than 1% followed by PHARMA and FMCG. The trend is down now. The NIFTY broke down from a wide trading range within 17800-18250 zones. This breakdown is giving us a pattern target around 17400 which we are considering reaching as the index already moved below 17500 today. The INDIA VIX, a benchmark index for volatility is rising significantly and today it crossed level 17 indicating a wide swing during the day. It could result in a whipsaw for traders so it is best to step aside and avoid trading the index. We will plan our traders after the Union Budget 2023. Till then avoid trading the index.


the BANK NIFTY opened at 41382.35 with a big gap down of 305 points. The index continued its bearish momentum and continued moving lower after recording its intraday high at 41417.90. Prices have kept on sliding lower for the whole day, recorded its intraday low at 40148.80 and finally closed at 40365.30 with a big loss of 1322 points. PSU BANK index has significantly under performed today saw a sharp intraday decline and closed lower by more than 5%. PVT BAN has also moved down today and ended with a loss of 2.69%. Within the index, in terms of points, ICICI BANK contributed the highest on the downside followed by HDFC BANKBANK NIFTY continued moving lower with increased momentum and saw a sharp intraday decline after opening with a gap down. It was again a trend day today on the downside where prices have recorded its intraday high near the opening tick and intraday low near its closing tick. The short-term trend is now down. A trading range within 41700-43500 was broken down decisively and prices almost met with its pattern target around 40000. The volatility is also rising indicating sharp and sudden intraday movements. We are in front of a big news event which is Union Budget 2023. It is wise to stay away from the market in such an environment. We should trade after the news event.


BHARTI AIRTEL 774.50 BUY The stock has been about to given a breakout on the intraday as well as the daily chart after consolidation. The stock can be bought above 777 with a stop loss of 769.25 and a target of 793.
ONGC 147.65 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 146.60 with a stop loss of 148.05 and a target of 143.90.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
VEDL (23 FEB)  310 PE BUY 10 CMP 5.50 20+ BREAKDOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TATAMOTORS.2302Feb 448.5 6.9 2188.81 78668550 DIXON.23.02 Feb 2676.5 -20.44 2128.25 986000
BAJAJ-AUTO.23.02 Feb 3964.95 6.87 1091.57 1978000 ADANIENT.23.02 Feb 2779.55 -17.92 909.07 14689500
DRREDDY.23.02 Feb 4352.1 3.82 5610.96 2148750 AMBUJACEM.23.02 Feb 385 -16.06 2350.09 99228600
ASHOKLEY.23.02 Feb 150.85 3.29 4263.68 82910000 ADANIPORTS.23.02 Feb 609.05 -14.53 5700.71 71421250
CIPLA.23.02 Feb 1055.65 2.36 1097.68 8065200 INDUSTOWER.23.02 Feb 137.75 -12.87 2035.81 28226800
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI



Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Colgate Palmolive (india 1446.9 -0.3 678893 0 77.38 Nifty50 17604.35 -1.61 78357
Hcl Technologies Ltd. 1115.6 -0.64 3864525 0 75.64 Niftybank 40345.3 -3.13 78357
Reliance Industries Ltd 2337.35 -1.9 11920991 0 71.96 Nifty it 29766.45 -0.92 78357
Britannia Ind Ltd. 4380.4 -0.18 340484 0 71.89 India Vix 17.32 18.14 78357
Piind 2957.95 -0.54 256366 0 71.87 Nifty Fmcg 44486.65 0.46 78354
Sbi Cards And Payment Se 699.35 -2.2 2741068 0 70.44 Nifty Pharma 12508.05 0.55 78354
Infosys Limited 1519.15 -1.55 6209955 0 69.5 Nifty Realty 407.55 -1.26 78354
Sun Pharma  Ltd 1043.4 0.32 3448013 0 67.81 Nifty Auto 13089.7 1.02 78351
Hdfc Ltd. 2661.5 -1.81 4153948 0 67.6 Nifty Metal 6389.25 -4.69 78351
Itc Ltd. 346 1.99 21040139 0 67.25 Nifty Financial Services 18030.85 -2.48 78354



   Domestic                                                                                                                                                  International
INR: Infrastructure Output (YoY) (Dec) 31st  January, 2023

INR: Nikkei Services PMI (Jan) 03rd February, 2023

USD: ISM Manufacturing PMI (Jan) 01st  February, 2023

USD: Fed Interest Rate Decision 02nd  February, 2023


•Indian stock benchmarks ended lower on January 27 with Nifty around 17,600. At Close, the Sensex was down 874.16 points or 1.45% at 59,330.90, and the Nifty was down 287.70 points or 1.61% at 17,604.30. About 870 shares have advanced, 2588 shares declined, and 97 shares are unchanged. Adani Enterprises, Adani Ports, SBI, ICICI Bank and IndusInd Bank were among the biggest losers on the Nifty, while gainers were Tata Motors, Bajaj Auto, Dr Reddy’s Laboratories, ITC .

•Adani Enterprises’ follow-on public offering (FPO), the largest ever in the history of Indian capital markets, received bids for 3.63 lakh shares or 1 percent of the issue size of 4.55 crore shares on January 27, the first day of bidding.

•Indian stocks accounting for 80% of the nation’s equity market capitalisation move to the shorter T+1 trade cycle on Jan. 27, completing the yearlong changeover in the settlement cycle. Shares of 218 companies move to T+1 this week, making India the second market after China to implement the next-day settlement.

•Bajaj Finance Ltd. reported a 40% YoY rise in consolidated net profit for the quarter ended December to Rs 2,973 crore. Total revenue from operations increased 26.3% on year to Rs 10,784.30 crore. This is the highest-ever quarterly profit reported by the non-bank finance major.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABIRAFN Quarterly Results 30-Jan-23 BAJAJFINSV Quarterly Results 30-Jan-23
ACROW Quarterly Results 30-Jan-23 BAJAJHLDNG Quarterly Results 30-Jan-23
ADFFOODS Quarterly Results 30-Jan-23 BASANTGL Quarterly Results 30-Jan-23
ADITYA General 30-Jan-23 BPCL Quarterly Results 30-Jan-23
AEL Quarterly Results 30-Jan-23 CIL Quarterly Results 30-Jan-23
AJMERA Quarterly Results 30-Jan-23 CLEDUCATE Quarterly Results 30-Jan-23
ALFAICA Quarterly Results 30-Jan-23 CSBBANK Quarterly Results 30-Jan-23
ALUFLUOR Quarterly Results 30-Jan-23 CSLFINANCE Quarterly Results 30-Jan-23
AQFINTECH Quarterly Results 30-Jan-23 CUPID Quarterly Results;General 30-Jan-23
ARAVALIS Quarterly Results 30-Jan-23 DAAWAT Quarterly Results 30-Jan-23
ARCFIN Quarterly Results;General 30-Jan-23 DHAMPURSUG Quarterly Results;General 30-Jan-23
ARFIN Quarterly Results 30-Jan-23 DHANCOT Quarterly Results;General 30-Jan-23
ASRL Quarterly Results;General 30-Jan-23 DWARKESH Quarterly Results 30-Jan-23
ASSOCER General 30-Jan-23 ELIXIR Quarterly Results 30-Jan-23
ASTAR Quarterly Results 30-Jan-23 EMKAY Quarterly Results 30-Jan-23
ASTEC Quarterly Results;General 30-Jan-23 EUROLED General 30-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
360ONE 30-Jan-23 Interim Dividend – Rs. – 17 THANGAMAYL 01-Feb-23 Interim Dividend – Rs. – 6
ASCENSIVE 30-Jan-23 E.G.M. ZENITHEXPO 01-Feb-23 E.G.M.
BANARBEADS 30-Jan-23 Interim Dividend – Rs. – 2 ACCELYA 02-Feb-23 Interim Dividend – Rs. – 35
BAZELINTER 30-Jan-23 E.G.M. SAREGAMA 02-Feb-23 Interim Dividend – Rs. – 3
HINDZINC 30-Jan-23 Interim Dividend – Rs. – 13 SHUKRAPHAR 02-Feb-23 Right Issue of Equity Shares
PGINVIT 30-Jan-23 Income Distribution (InvIT) TANAA 02-Feb-23 Interim Dividend – Rs. – 2
CCL 31-Jan-23 Interim Dividend – Rs. – 3 TVSMOTOR 02-Feb-23 Interim Dividend – Rs. – 5
LTIM 31-Jan-23 Interim Dividend – Rs. – 20 VIPIND 02-Feb-23 Interim Dividend – Rs. – 2
MONIND 31-Jan-23 E.G.M. COFORGE 03-Feb-23 Interim Dividend – Rs. – 19
RKFORGE 31-Jan-23 Interim Dividend – Rs. – 0.50 CONTROLPR 03-Feb-23 Interim Dividend – Rs. – 4
SIEMENS 31-Jan-23 Final Dividend – Rs. – 10 EMBASSY 03-Feb-23 Income Distribution RITES
WENDT 31-Jan-23 Interim Dividend – Rs. – 30 EQUITAS 03-Feb-23 Amalgamation
ACGL 01-Feb-23 Interim Dividend – Rs. – 2.50 IIFLSEC 03-Feb-23 Interim Dividend – Rs. – 3
DCMSHRIRAM 01-Feb-23 Interim Dividend – Rs. – 5.80 KEI 03-Feb-23 Interim Dividend – Rs. – 3
MASTEK 01-Feb-23 Interim Dividend – Rs. – 7 MOTILALOFS 03-Feb-23 Interim Dividend – Rs. – 7
MFL 01-Feb-23 Interim Dividend – Rs. – 2.50 NTPC 03-Feb-23 Interim Dividend

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