NIFTY:
NIFTY opened at 17554.10with a gap up of 91 points. The index initially went down, filled the gap, and fall further to record its intraday low at 17427.15. Prices find strong support there and bounce up. A sharp rally or more than 200 points brought prices to its intraday high at 17639.45. Prices then started a process of consolidation there. The index moved in a tight narrow range and saw a minor decline and finally closed at 17605.85 near its intraday highs with a gain of 142.05 points or 0.81% up. All the sectoral indices have closed with gains today except AUTO which ended with minor losses. BANK, FINANCIAL, IT, METAL, and MEDIA led the bulls today and closed with a gain of more than 1%.
A bullish Head & Should pattern on the 30 minutes timeframe chart has met with the pattern target of around 17550. The volatility is colling off as the volatility index ‘INDIA VIX’ has moved below 17. We should stay long in the index. Add more on a sharp dip towards 17300. intraday traders should also look for buying opportunities on any dip or consolidation breakouts. The short-term trend is up. Support is visible around 17300 and resistance is visible around 17800whichis also the recent swing high.
BANK NIFTY:
BANK NIFTY opened at 38801.45 with a gap up of 191 points . Prices first moved down and recorded its intraday low at 38520. The indexthe1 moved u p and recorded its intraday high at 39197.20. Prices then started a process of consolidation and saw a minor decline to finally closed at 38944.4 with a gain of 334 points. PVT BANKS have outperformed for the second consecutive day and closed higher by 0.99%. PSU BANKS have seen an under performance today and closed lower by just 0.05%.Within the index, in terms of points, HDFC BANK contributed the highest while PN B contributed the lowest.
Support is visible around 37700 and resistance is visible around 39400.Fresh buying should emerge on a dip towards 38000 or on a close above 39400. intraday traders should look for a buying opportunity on any dip or intraday consolidation breakouts.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| SRTRFIN | 1265 | BUY | The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be buy above 1270 with a stop loss of 1250 and for the target of 1300. |
| AMBUJACEM | 375 | SELL | The immediate trend of the script is bearish. There is a negative cross over of moving averages as well as of the indicators therefore it can be sold below 374 with a stop loss of 380 and target of 365. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| HCLTECH | 1200 CE | BUY | 20 | CMP | 12 | 35 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| TITAN.Feb 24 | 2487.35 | 0 | 0.65 | 5256000 | PAGEIND.Feb 24 | 40777.7 | -3.59 | 20.02 | 92430 | |
| SAIL.Feb 24 | 103.9 | 0.05 | 3.42 | 1.58E+08 | IPCALAB.Feb 24 | 985.75 | -3.55 | 0.91 | 1251900 | |
| BANDHANBNK.Feb 24 | 322.55 | 0.06 | 0.52 | 20046600 | BHARATFORG.Feb 24 | 728.45 | -2.85 | 27.68 | 6888000 | |
| BEL.Feb 24 | 203.2 | 0.1 | 0.62 | 33736400 | CROMPTON.Feb 24 | 397.65 | -2.29 | 12.61 | 3122900 | |
| CUB.Feb 24 | 140.3 | 0.11 | 1.19 | 12457600 | AMBUJACEM.Feb 24 | 376 | -2.17 | 8.24 | 14727000 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| GRANULES.Feb 24 | 312.75 | 0.29 | -1.93 | 12297700 | BRITANNIA.Feb 24 | 3534.05 | 0.12 | -0.05 | 1215200 | |
| EXIDEIND.Feb 24 | 168.25 | 0.39 | -0.71 | 24505200 | RAMCOCEM.Feb 24 | 893.25 | 0.16 | -2.64 | 1977950 | |
| TATACOMM.Feb 24 | 1283.8 | 0.41 | -4.84 | 3301600 | ATUL.Feb 24 | 9684.95 | 0.33 | -1.14 | 84675 | |
| NESTLEIND.Feb 24 | 18194.8 | 0.48 | -1.25 | 299725 | L&TFH.Feb 24 | 75.95 | 0.33 | -1.49 | 63574576 | |
| BANDHANBNK.Feb 24 | 322.5 | 0.5 | -3.35 | 20212200 | BERGEPAINT.Feb 24 | 727.6 | 0.34 | -1.14 | 4560600 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Icici Lombard General In | 1366.85 | 2.23 | 604378 | 0 | 75.44 | Nifty 50 | 17463.8 | 1.45 | 78411 | |
| Max Financial Services l | 879.15 | 1.13 | 384437 | 0 | 72.1 | Nifty Bank | 38610.25 | 1.62 | 78411 | |
| Petronet Lng Limited | 218 | 2.83 | 4111121 | 0 | 65.55 | Nifty it | 34983.3 | 1.05 | 78411 | |
| Hdfc Ltd. | 2435.35 | 0.3 | 7141774 | 0 | 64.02 | Nifty Auto | 11680.15 | 2.39 | 78414 | |
| Abbott India Limited | 16672.4 | 5.69 | 110598 | 0 | 63.33 | Nifty Metal | 5985 | 2.68 | 78414 | |
| Colgate Palmolive (india | 1464.95 | 1.93 | 567872 | 0 | 61.93 | India Vix | 18.55 | -9.22 | 78408 | |
| Hdfc Bank Ltd. | 1497.6 | 2.01 | 5654171 | 0 | 61.84 | Nifty Media | 2215.3 | 0.81 | 78414 | |
| Axis Bank Limited | 803.85 | 1.8 | 9399830 | 0 | 61.16 | Nifty Fmcg | 36852.85 | 0.24 | 78414 | |
| Hcl Technologies Ltd. | 1180.9 | 2.03 | 3772972 | 0 | 60.91 | Nifty Realty | 467 | -0.26 | 78414 | |
| Hindustan Unilever Ltd | 2277.65 | 0.89 | 1049611 | 0 | 60.85 | Nifty Pharma | 13570.3 | 1.41 | 78414 | |
| Icici Bank Ltd. | 802.8 | 2.09 | 8855292 | 0 | 60.6 | Nifty Financial Services | 17860.35 | 1.43 | 78411 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: FX Reserves, USD on 11th February, 2022
INR: Industrial Production (YoY) on 11th February, 2022 |
•USD: Federal Budget Balance (Jan) on 11th February 2022
•USD: IEA Monthly Report on 11th February 2022 |
NEWS UPDATES
- Tata Chemicals on Thursday reported a 69.39 per cent growth in consolidated profit after tax (PAT) to Rs 340 crore for the quarter ended December 31, 2021. The company’s PAT had stood at Rs 200.72 crore during the corresponding quarter last year, Tata Chemicals said in a regulatory filing. Its revenue from operations during October-December 2021 jumped 20.54 per cent to Rs 3,141.58 crore, compared with Rs 2,606.08 crore in the year-ago period.
- TVS Supply Chain Solutions (TVS SCS), part of the Rs 15,000 crore TVS Mobility Group, on Thursday announced the appointment of Ravi Viswanathan as the Managing Director. The company, in its recently concluded Board Meeting, approved the appointment and announced the changes with effect from February 7, 2022. R Dinesh, the fourth generation TVS Scion, would continue to guide the company in his new role as the Executive Vice Chairman.
- Cement maker Nuvoco Vistas Corp on Thursday, as part of its expansion plans, announced investment of Rs 1,950 crore, which includes Rs 1,500 for setting up a new project in Gulbarga, Maharashtra. The new facility will help it expand its footprints in the Western and Central India markets, said Nuvoco Vistas Corp, a Nirma Group company, in a statement.
- Food delivery platform Zomato on Thursday reported a narrowing of its net loss at Rs 63 crore for the quarter ending December 31, 2021 helped by a gain, while revenue jumped due to increased demand for restaurant meals. It reported a net loss of Rs 353 crore in the year-ago period.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| BAJAJHIND | Audited Results | 11-Feb-22 | TVTODAY | Quarterly Results | 11-Feb-22 |
| FORCEMOT | Quarterly Results | 11-Feb-22 | JPPOWER | Quarterly Results | 11-Feb-22 |
| IFCI | Quarterly Results | 11-Feb-22 | IDFC | Quarterly Results | 11-Feb-22 |
| UFLEX | Quarterly Results | 11-Feb-22 | RENUKA | Quarterly Results | 11-Feb-22 |
| GODREJIND | Quarterly Results | 11-Feb-22 | ALLCARGO | Quarterly Results | 11-Feb-22 |
| ONGC | Quarterly Results | 11-Feb-22 | SOBHA | Quarterly Results | 11-Feb-22 |
| ASHOKLEY | Quarterly Results | 11-Feb-22 | PFC | Quarterly Results | 11-Feb-22 |
| VOLTAS | Quarterly Results | 11-Feb-22 | FORTIS | Quarterly Results | 11-Feb-22 |
| EXCELINDUS | Quarterly Results | 11-Feb-22 | ASIANTILES | Quarterly Results | 11-Feb-22 |
| MANGLMCEM | Quarterly Results | 11-Feb-22 | KSCL | Quarterly Results | 11-Feb-22 |
| NCLIND | Interim Dividend;Quarterly Results | 11-Feb-22 | RELIGARE | Quarterly Results | 11-Feb-22 |
| CHOLAHLDNG | Quarterly Results | 11-Feb-22 | NHPC | Interim Dividend;Quarterly Results | 11-Feb-22 |
| APOLLOHOSP | General;Quarterly Results | 11-Feb-22 | GLOBUSSPR | Quarterly Results | 11-Feb-22 |
| ITDCEM | Quarterly Results | 11-Feb-22 | OIL | Dividend;Quarterly Results | 11-Feb-22 |
| JAICORPLTD | Quarterly Results | 11-Feb-22 | WABAG | Quarterly Results | 11-Feb-22 |
| SEQUENT | Quarterly Results | 11-Feb-22 | MOIL | Interim Dividend;Quarterly Results | 11-Feb-22 |
| USHAMART | Quarterly Results | 11-Feb-22 | SHREEPUSHK | Quarterly Results | 11-Feb-22 |
| LUMAXIND | General;Quarterly Results | 11-Feb-22 | LANCER | Quarterly Results | 11-Feb-22 |
| MOTHERSUMI | Quarterly Results | 11-Feb-22 | UJJIVAN | Quarterly Results | 11-Feb-22 |
| KOVAI | Quarterly Results | 11-Feb-22 | FINEORG | Quarterly Results | 11-Feb-22 |
| ITI | Quarterly Results | 11-Feb-22 | ARVINDFASN | Quarterly Results | 11-Feb-22 |
| BODALCHEM | General;Quarterly Results | 11-Feb-22 | MSTC | Quarterly Results;Interim Dividend | 11-Feb-22 |
| INDIACEM | Quarterly Results | 11-Feb-22 | METROPOLIS | Quarterly Results;Interim Dividend | 11-Feb-22 |
| FAZE3Q | Quarterly Results | 11-Feb-22 | MAZDOCK | Quarterly Results | 11-Feb-22 |
| GLENMARK | Quarterly Results | 11-Feb-22 | BECTORFOOD | Quarterly Results;Interim Dividend | 11-Feb-22 |
| DIVISLAB | Quarterly Results | 11-Feb-22 | INDIGOPNTS | Quarterly Results | 11-Feb-22 |
| SUPRAJIT | Interim Dividend;Quarterly Results | 11-Feb-22 | NAZARA | Quarterly Results | 11-Feb-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ACRYSIL | 11-Feb-22 | Interim Dividend – Rs. – 1.20 | QGO | 14-Feb-22 | Interim Dividend – Rs. – 0.10 |
| ASMTEC | 11-Feb-22 | Interim Dividend – Rs. – 2.50 | SHANTIGEAR | 14-Feb-22 | Interim Dividend – Rs. – 2.50 |
| BALRAMCHIN | 11-Feb-22 | Interim Dividend – Rs. – 2.50 | AARTIIND | 15-Feb-22 | Interim Dividend – Rs. – 1.00 |
| BLS | 11-Feb-22 | Interim Dividend – Rs. – 1.00 | AKCAPIT | 15-Feb-22 | Interim Dividend – Rs. – 5.00 |
| GOTHIPL | 11-Feb-22 | Interim Dividend – Rs. – 1.00 | BHATIA | 15-Feb-22 | Stock Split From Rs.10/- to Rs.1/- |
| NOUVEAU | 11-Feb-22 | E.G.M. | DALMIASUG | 15-Feb-22 | Interim Dividend – Rs. – 3.00 |
| SONACOMS | 11-Feb-22 | Interim Dividend – Rs. – 0.7700 | DANUBE | 15-Feb-22 | Stock Split From Rs.10/- to Rs.2/- |
| COROMANDEL | 14-Feb-22 | Interim Dividend – Rs. – 6.00 | IOLCP | 15-Feb-22 | Interim Dividend – Rs. – 4.00 |
| DATAINFRA | 14-Feb-22 | Income Distribution (InvIT) | MAPMYINDIA | 15-Feb-22 | Interim Dividend – Rs. – 2.00 |
| ITC | 14-Feb-22 | Interim Dividend – Rs. – 5.2500 | MINDACORP | 15-Feb-22 | Interim Dividend – Rs. – 0.30 |
| PIIND | 14-Feb-22 | Interim Dividend – Rs. – 3.00 | MINDSPACE | 15-Feb-22 | Income Distribution RITES |
| PRECWIRE | 14-Feb-22 | Interim Dividend – Rs. – 0.4500 | RECLTD | 15-Feb-22 | Interim Dividend – Rs. – 6.00 |
| PREMCO | 14-Feb-22 | Interim Dividend – Rs. – 5.00 | SUVENPHAR | 15-Feb-22 | Interim Dividend – Rs. – 1.00 |
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