NIFTY:
NIFTY opened at 17451 with a big gap down of 154 points. The index recorded its intraday high 17454.75 a few ticks above the opening price and continued its downside momentum. A sharp decline of 150 points brought prices to its intraday low at 17303.The index finds support there and then started moving on the upside and came close to its morning highs. The rally faces resistance and prices again moved down towards the end of today’s trading session and finally closed at 17374.75 with a loss of 231.10 points or 1.31% down. All the sectoral indices have closed with a loss today led by the IT sector that ended 2.72% down. BANK, FINANCIAL, and REALTY closed with a loss of more than 1%.
Strong support is visible around 17000 and resistance is visible around 17800 which is also the recent swing high. We may see a process of consolidating within these boundaries for a few more trading days. The short-term trend is up and it will be up as long as the index is trading above 17300. intraday traders should look for buy on dips and intraday consolidation breakouts.
BANK NIFTY:
BANK NIFTY opened at 38567.65 with a big gap down of 367 points. Prices first moved up but the rally fizzled out quickly and started drift in. downwards. Soon the decline finds support and prices again moved up. These ups and downs continued for the whole day and prices have recorded its intraday high at 38790.25 while intraday low at 38396.40 and finally closed at 38426.60 with a loss of 518 points. PSU and PVT BANKS both indices have seen sharp intraday decline today and closed lower by 2.01% & 1.01%respectively. Within the index, in terms of points, INDUSIND BANK contributed the highest while ICICI BANK contributed the lowest.
In last trading session, we have mentioned support around 37700 and resistance around 39400. These levels are holding so far and we may see few more days where prices remained inside this zone. A process of consolidation has started. Within this range, any dip towards 37700 should use as a buying opportunity.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| IGL | 392 | 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 394 with a stop loss of 388 and for the target of 402. |
| NAUKRI | 4595 | 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 4590 with a stop loss of 4650 and target of 4430. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| HCLTECH | 1160 PE | BUY | 25 | CMP | 15 | 45 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| NTPC.Feb 24 | 136.7 | 0.04 | 2.9 | 52063800 | NAUKRI.Feb 24 | 4587.9 | -6.43 | 18.3 | 1879125 | |
| MGL.Feb 24 | 788.85 | 0.21 | 3.13 | 4354200 | INDIACEM.Feb 24 | 209.55 | -6.16 | 9.23 | 12635300 | |
| BHARATFORG.Feb 24 | 731.85 | 0.22 | 0.32 | 5832750 | COFORGE.Feb 24 | 4448.6 | -5.9 | 18.07 | 741100 | |
| IGL.Feb 24 | 391.65 | 0.28 | 4.53 | 19384750 | LTI.Feb 24 | 5995 | -5.31 | 11.07 | 1041750 | |
| INDUSINDBK.Feb 24 | 977.75 | 0.49 | 4.47 | 26464500 | METROPOLIS.Feb 24 | 2334.45 | -5.21 | 12.76 | 618400 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| IOC.Feb 24 | 122.1 | 1.41 | -1.16 | 38824500 | INTELLECT.Feb 24 | 684.45 | -5.44 | -0.6 | 374250 | |
| PETRONET.Feb 24 | 223.15 | 1.48 | -5.29 | 17820000 | APOLLOTYRE.Feb 24 | 219.7 | -3.49 | -2.15 | 12607500 | |
| AUROPHARMA.Feb 24 | 698.15 | 2.14 | -0.59 | 13690500 | CANBK.Feb 24 | 250.7 | -3.32 | -2.34 | 43297200 | |
| SRTRANSFIN.Feb 24 | 1230 | -3.03 | -0.24 | 2776400 | ||||||
| BSOFT.Feb 24 | 451.4 | -2.96 | -1.05 | 4764500 | ||||||
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Pfizer Ltd. | 4450.95 | -1.5 | 18577 | 0 | 85.51 | Nifty 50 | 17374.75 | -1.31 | 79032 | |
| Max Financial Services l | 861.05 | -1.96 | 376602 | 0 | 85.48 | Nifty Bank | 38517.25 | -1.27 | 79032 | |
| Tata Consultancy Serv Lt | 3694.95 | -2 | 3851488 | 0 | 71.6 | Nifty it | 34379.05 | -2.72 | 79032 | |
| Hindustan Unilever Ltd | 2258 | -1.1 | 2100036 | 0 | 69.46 | Nifty Auto | 11552.9 | -1.04 | 79035 | |
| Hdfc Ltd. | 2426.35 | -2.03 | 4062444 | 0 | 68.1 | Nifty Metal | 6023.8 | -0.59 | 79035 | |
| Icici Lombard General In | 1343.5 | -0.06 | 837852 | 0 | 68.04 | India Vix | 18.68 | 5.48 | 79032 | |
| Hdfc Life Insurance Comp | 595.35 | -1.8 | 2557745 | 0 | 66.96 | Nifty Media | 2221.45 | -1.36 | 79035 | |
| Mphasis Limited | 3001.55 | -3.49 | 589646 | 0 | 66.39 | Nifty Fmcg | 36671.65 | -0.84 | 79032 | |
| Gail (india) Limited | 140.65 | -0.67 | 7733105 | 0 | 66.28 | Nifty Realty | 461.85 | -1.98 | 79035 | |
| Nestleind | 17815.2 | -1.79 | 95980 | 0 | 65.68 | Nifty Pharma | 13510.3 | -0.75 | 79032 | |
| Infosys Limited | 1721.35 | -2.73 | 7551371 | 0 | 65.31 | Nifty Financial Services | 17803 | -1.47 | 79035 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: CPI (YoY) (Jan) on 14th February, 2022
INR: WPI Inflation (YoY) (Jan) on 14th February, 2022 |
•USD: PPI (MoM) (Jan) on 15th February 2022
•USD: Core Retail Sales (MoM) (Jan) on 16th February 2022 |
NEWS UPDATES
- India’s factory output rose at its slowest pace since February, led by a decline in manufacturing. The Index of Industrial Production rose 0.4% in December 2021 compared to an increase of 1.3% in November, as per revised estimates, the data published by the Ministry of Statistics and Programme Implementation showed. Month-on-month, the index rose 7.5% after a decline of 4.5% in November.
- India Cements saw a 76 per cent dip in consolidated net profit during the third quarter of the financial year 2021-22 to Rs 16 crore, as compared to Rs 68 crore during the same period last fiscal due to the impact of Covid and the heavy rains in South India on the sector The company’s revenue from operations too saw a marginal dip of 2 per cent during the quarter to Rs 1,160 crore, as compared to Rs 1,185 crore during the Q3 of 2020-21.
- Akzo Nobel India Ltd on Friday reported a 4.06 per cent decline in its consolidated net profit to Rs 83.82 crore for the third quarter ended December 2021, dragged by inflationary headwinds in raw material inputs. The company had posted a net profit of Rs 87.37 crore during the October-December period a year ago, Akzo Nobel said in a regulatory filing.
- Twenty applicants have been approved under the “Champion OEM Incentive Scheme” of the Production Linked Incentive (PLI) Scheme. Automobile and Auto major four-wheeler manufacturers like Hyundai, Suzuki, Kia, Mahindra, Ford, Tata Motors and top two-wheeler makers like Bajaj, Hero, TVS. New entrants like Hop Electric Manufacturing Private Limited, Ola Electric Technologies Private Limited have also been selected under new non-automotive investor.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ABANSENT | Quarterly Results | 14-Feb-22 | FRETAIL | Quarterly Results | 14-Feb-22 |
| ADANIENT | Quarterly Results | 14-Feb-22 | GALLANTT | Quarterly Results | 14-Feb-22 |
| AJANTSOY | Quarterly Results | 14-Feb-22 | GALLISPAT | Quarterly Results | 14-Feb-22 |
| ALICON | Quarterly Results | 14-Feb-22 | GAYAPROJ | Quarterly Results | 14-Feb-22 |
| APEX | Quarterly Results | 14-Feb-22 | GBFL | General;Quarterly Results | 14-Feb-22 |
| ASTRAMICRO | Quarterly Results | 14-Feb-22 | GDL | Quarterly Results | 14-Feb-22 |
| ASTRON | Quarterly Results | 14-Feb-22 | GENUSPAPER | Quarterly Results | 14-Feb-22 |
| BALKRISIND | Interim Dividend;Quarterly Results | 14-Feb-22 | GODAVARI | Quarterly Results | 14-Feb-22 |
| BBTC | Quarterly Results | 14-Feb-22 | GRAPHITE | Quarterly Results | 14-Feb-22 |
| BDL | Interim Dividend;Quarterly Results | 14-Feb-22 | GRASIM | Quarterly Results | 14-Feb-22 |
| BGRENERGY | Quarterly Results | 14-Feb-22 | GREENPLY | Quarterly Results | 14-Feb-22 |
| BIL | Quarterly Results | 14-Feb-22 | GTLINFRA | Quarterly Results | 14-Feb-22 |
| CAPACITE | Quarterly Results | 14-Feb-22 | HIKAL | Interim Dividend;General;Quarterly Results | 14-Feb-22 |
| CENTUM | Quarterly Results | 14-Feb-22 | IL&FSENGG | Quarterly Results | 14-Feb-22 |
| COALINDIA | Interim Dividend;Quarterly Results | 14-Feb-22 | INDSWFTLTD | General;Quarterly Results | 14-Feb-22 |
| COFFEEDAY | Quarterly Results | 14-Feb-22 | IPCALAB | Quarterly Results | 14-Feb-22 |
| CUPID | General;Quarterly Results | 14-Feb-22 | IRCON | Interim Dividend;Quarterly Results | 14-Feb-22 |
| DCMSRMIND | Interim Dividend;Quarterly Results | 14-Feb-22 | JBCHEPHARM | Interim Dividend;Quarterly Results | 14-Feb-22 |
| DHANI | Quarterly Results | 14-Feb-22 | JINDALPOLY | Quarterly Results | 14-Feb-22 |
| DISHTV | Quarterly Results | 14-Feb-22 | KHADIM | Quarterly Results | 14-Feb-22 |
| EICHERMOT | Quarterly Results | 14-Feb-22 | KNRCON | Quarterly Results | 14-Feb-22 |
| EQUITAS | Quarterly Results | 14-Feb-22 | KOTHARIPRO | Quarterly Results | 14-Feb-22 |
| FAZE3AUTO | Quarterly Results | 14-Feb-22 | KSE | Quarterly Results | 14-Feb-22 |
| FEL | Quarterly Results | 14-Feb-22 | LAHOTIOV | Quarterly Results | 14-Feb-22 |
| FERMENTA | Quarterly Results | 14-Feb-22 | LAKSHMIMIL | Quarterly Results | 14-Feb-22 |
| FIEMIND | Quarterly Results | 14-Feb-22 | LIBERTSHOE | Quarterly Results | 14-Feb-22 |
| FLEXITUFF | Quarterly Results | 14-Feb-22 | MAFATIND | Quarterly Results | 14-Feb-22 |
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| MANAKSIA | Quarterly Results | 14-Feb-22 | RESPONIND | Quarterly Results | 14-Feb-22 |
| MANAPPURAM | Interim Dividend;General;Results | 14-Feb-22 | ROSSARI | Quarterly Results | 14-Feb-22 |
| MAWANASUG | Quarterly Results | 14-Feb-22 | SADBHAV | General;Quarterly Results | 14-Feb-22 |
| MCLEODRUSS | Quarterly Results | 14-Feb-22 | SAKUMA | Quarterly Results | 14-Feb-22 |
| MTNL | Quarterly Results | 14-Feb-22 | SIMPLEXINF | Quarterly Results | 14-Feb-22 |
| MUNJALAU | General;Quarterly Results | 14-Feb-22 | SOTL | Quarterly Results | 14-Feb-22 |
| NAGARFERT | Quarterly Results | 14-Feb-22 | SPANDANA | Preferential Issue of shares;Results | 14-Feb-22 |
| NATCOPHARM | Interim Dividend;Quarterly Results | 14-Feb-22 | SPICEJET | Quarterly Results | 14-Feb-22 |
| NBCC | Quarterly Results | 14-Feb-22 | SPMLINFRA | Quarterly Results | 14-Feb-22 |
| NECLIFE | General;Quarterly Results | 14-Feb-22 | SRHHYPOLTD | Quarterly Results | 14-Feb-22 |
| NFL | Quarterly Results | 14-Feb-22 | SURYAROSNI | Quarterly Results | 14-Feb-22 |
| NLCINDIA | Quarterly Results | 14-Feb-22 | SVPGLOB | Quarterly Results | 14-Feb-22 |
| NRBBEARING | Quarterly Results | 14-Feb-22 | SWARNSAR | Quarterly Results | 14-Feb-22 |
| ORIENTPPR | General;Quarterly Results | 14-Feb-22 | SWSOLAR | Quarterly Results | 14-Feb-22 |
| PANACEABIO | Quarterly Results | 14-Feb-22 | TARC | Quarterly Results | 14-Feb-22 |
| PCJEWELLER | Quarterly Results | 14-Feb-22 | TECHNOE | Quarterly Results | 14-Feb-22 |
| PFOCUS | Quarterly Results | 14-Feb-22 | TIDEWATER | Interim Dividend;Quarterly Results | 14-Feb-22 |
| PGEL | Quarterly Results | 14-Feb-22 | TIIL | Quarterly Results | 14-Feb-22 |
| PGIL | Quarterly Results | 14-Feb-22 | V2RETAIL | Quarterly Results | 14-Feb-22 |
| POLYPLEX | Interim Dividend;Quarterly Results | 14-Feb-22 | VARROC | Quarterly Results | 14-Feb-22 |
| PTC | Quarterly Results | 14-Feb-22 | VERITAS | Quarterly Results | 14-Feb-22 |
| PTCIL | Quarterly Results | 14-Feb-22 | VIJSOLX | Quarterly Results | 14-Feb-22 |
| RAILTEL | Quarterly Results | 14-Feb-22 | VISASTEEL | Quarterly Results | 14-Feb-22 |
| RAJESHEXPO | Quarterly Results | 14-Feb-22 | VISHNU | Quarterly Results | 14-Feb-22 |
| RAMASTEEL | Interim Dividend;Quarterly Results | 14-Feb-22 | VSTTILLERS | Quarterly Results | 14-Feb-22 |
| RATHIBAR | Quarterly Results | 14-Feb-22 | WIMPLAST | Quarterly Results | 14-Feb-22 |
| REPCOHOME | Quarterly Results | 14-Feb-22 | ZUARIGLOB | Quarterly Results | 14-Feb-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| COROMANDEL | 14-Feb-22 | Interim Dividend – Rs. – 6.0000 | IOLCP | 15-Feb-22 | Interim Dividend – Rs. – 4.0000 |
| DATAINFRA | 14-Feb-22 | Income Distribution (InvIT) | MAPMYINDIA | 15-Feb-22 | Interim Dividend – Rs. – 2.0000 |
| ITC | 14-Feb-22 | Interim Dividend – Rs. – 5.2500 | MINDACORP | 15-Feb-22 | Interim Dividend – Rs. – 0.3000 |
| PIIND | 14-Feb-22 | Interim Dividend – Rs. – 3.0000 | MINDSPACE | 15-Feb-22 | Income Distribution RITES |
| PRECWIRE | 14-Feb-22 | Interim Dividend – Rs. – 0.4500 | RECLTD | 15-Feb-22 | Interim Dividend – Rs. – 6.0000 |
| PREMCO | 14-Feb-22 | Interim Dividend – Rs. – 5.0000 | SUVENPHAR | 15-Feb-22 | Interim Dividend – Rs. – 1.0000 |
| QGO | 14-Feb-22 | Interim Dividend – Rs. – 0.1000 | SUVENPHAR | 15-Feb-22 | Special Dividend – Rs. – 2.0000 |
| SHANTIGEAR | 14-Feb-22 | Interim Dividend – Rs. – 2.5000 | AVTNPL | 16-Feb-22 | Interim Dividend – Rs. – 0.4000 |
| AARTIIND | 15-Feb-22 | Interim Dividend – Rs. – 1.0000 | BCLENTERPR | 16-Feb-22 | E.G.M. |
| AKCAPIT | 15-Feb-22 | Interim Dividend – Rs. – 5.0000 | ENGINERSIN | 16-Feb-22 | Interim Dividend – Rs. – 2.0000 |
| BHATIA | 15-Feb-22 | Stock Split From Rs.10/- to Rs.1/- | MINDAIND | 16-Feb-22 | Interim Dividend – Rs. – 0.5000 |
| DALMIASUG | 15-Feb-22 | Interim Dividend – Rs. – 3.0000 | POWERGRID | 16-Feb-22 | Interim Dividend – Rs. – 5.5000 |
| DANUBE | 15-Feb-22 | Stock Split From Rs.10/- to Rs.2/- | AEGISLOG | 17-Feb-22 | Interim Dividend – Rs. – 2.0000 |
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