NIFTY:
NIF1Y opened at 16528.80 wit ha gap down of 66 points. The index first moved down and recorded its intraday low at 16470.90. Prices then started moving higher. A sharp rally of more than 200 points came in just one hour and prices have recorded its intraday high at 16694.40. The index faced strong resistance there and then moved inside a consolidation. From 10:00 AM to the end of today’s trading session, prices have consolidated in a tight narrow range of just 150 points and finally closed at 16630.45 wit h a gain of 35.55 points or 0.21% up. PHARMA outperformed today and closed wit ha gain of 2.46% followed by OIL GAS and METAL.AUTO and IT underperformed today and closed lower.
The short-term trend is sideways now and we have 16200 levels as a support for the NIFTY Index. The volatility index ‘INDIA VIX’ continued moving around 25 where the volatility remained high. On Monday, we should look for a trading opportunity in the direct ion of a breakout. The idea here is to buy on a breakout above 16800 or sell short on a breakdown below 16400. Take only one trade whichever is executed first. Keep a stop of 110 points and a target of 240 points from your entry price.
BANK NIFTY:
BANK NIFTY opened at 34331 with a gap down of just 69 points. The index initially moved down and recorded its intraday low at 34094.30. Prices then moved up, saw a sharp intraday rally of almost 900 points and recorded its intraday high at 34880.05. Prices have spent rest of the day moving narrow and sideways and finally closed at 34546.70 with a gain of 146 points. PSU BANKS continued its outperformance and closed with a gain of 0.95%.PVT BANKS have underperformed today and closed without much of a change.
On Monday, we should look for a trading opportunity in the direction of a breakout. The idea is to buy on a breakout above 35000 or sell short on a breakdown below 34000. Take only one trade whichever execute first. Keep a stop of 300 points and a target of 800 points from your entry price.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| JSWSTEEL | 669 | BUY | The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought with a stop loss of 660 and for the target of 685. |
| MANAPPURAM | 116.85 | 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 sell below 116 with a stop loss of 118 and target of 112. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| SUNPHARMA | 910 CE | BUY | 18 | CMP | 12 | 30 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| MINDTREE.Mar 31 | 4100 | 0.02 | 1.82 | 2670000 | DALBHARAT.Mar 31 | 1431.05 | -3.71 | 10.88 | 601500 | |
| ICICIBANK.Mar 31 | 679.75 | 0.05 | 2.51 | 1.3E+08 | MANAPPURAM.Mar 31 | 117.5 | -3.17 | 9.12 | 25482000 | |
| RBLBANK.Mar 31 | 133.95 | 0.07 | 0.73 | 37494100 | FSL.Mar 31 | 125 | -2.95 | 3.33 | 14536600 | |
| AMBUJACEM.Mar 31 | 288.1 | 0.07 | 1.52 | 26203500 | HAVELLS.Mar 31 | 1098.15 | -2.65 | 5.54 | 5061500 | |
| CUMMINSIND.Mar 31 | 998.1 | 0.08 | 10.48 | 1594200 | ABBOTINDIA.Mar 31 | 17206.15 | -2.01 | 5.05 | 33275 | |
| Short Covering | Long Unwinding | |||||||||
| CUB.Mar 31 | 123.45 | 0.04 | -0.19 | 8819600 | HINDALCO.Mar 31 | 590.65 | -0.92 | -0.83 | 32563900 | |
| LTTS.Mar 31 | 4962.95 | 0.16 | -0.08 | 481800 | ASHOKLEY.Mar 31 | 106.2 | -0.79 | -0.16 | 42475500 | |
| UPL.Mar 31 | 728 | 0.16 | -0.15 | 23513100 | ADANIENT.Mar 31 | 1736.1 | -0.77 | -0.65 | 20013000 | |
| BANKNIFTY.Mar 31 | 34605 | 0.17 | -0.97 | 2720675 | ULTRACEMCO.Mar 31 | 6032 | -0.76 | -0.08 | 3108300 | |
| IEX.Mar 31 | 225.95 | 0.33 | -1.28 | 35636250 | METROPOLIS.Mar 31 | 1907.2 | -0.7 | -2.33 | 803400 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Icici Prudential Life In | 463.05 | 0.7 | 565846 | 0 | 77.17 | Nifty50 | 16630.45 | 0.21 | 77337 | |
| Icici Lombard General In | 1256 | -0.33 | 670143 | 0 | 70.15 | Niftybank | 34546.25 | 0.2 | 77337 | |
| Hindustan Unilever Ltd | 2094.4 | -0.36 | 2481643 | 0 | 66.38 | Nifty it | 35348.7 | -0.14 | 77337 | |
| Infosys Limited | 1822 | -0.21 | 4758657 | 0 | 64.75 | India Vix | 25.35 | -0.9 | 77337 | |
| Pfizer Ltd. | 4473.5 | 1.9 | 57508 | 0 | 62.15 | Nifty Fmcg | 35613.65 | 0.23 | 77337 | |
| Marico Limited | 507.55 | 1.35 | 1575214 | 0 | 62.1 | Nifty Pharma | 13399 | 2.46 | 77337 | |
| Itc Ltd. | 236.35 | 1.88 | 41699184 | 0 | 61.99 | Nifty Realty | 430.2 | 0.47 | 77337 | |
| Zydus Lifesciences Limit | 370.65 | 1.34 | 1365084 | 0 | 61.39 | Nifty Auto | 9979.7 | -0.4 | 77337 | |
| Power Grid Corporation o | 212.45 | 1.72 | 9744638 | 0 | 61.1 | Nifty Metal | 6190.05 | 0.46 | 77337 | |
| Petronet Lng Limited | 209.6 | -0.24 | 3460394 | 0 | 60.93 | Nifty Media | 2131.55 | -0.03 | 77337 | |
| Nifty Financial Services | 16165.2 | 0.19 | 77337 | |||||||
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: CPI (YoY) (Feb) on 14th March, 2022
INR: WPI Inflation (YoY) (Feb) on 14th March, 2022 |
•USD: PPI (MoM) (Feb) ) on 15th March, 2022
•USD: Retail Sales (MoM) (Feb) on 16th March, 2022 |
NEWS UPDATES
- Board of Directors of GAIL India in its 438th meeting held on 11th March, 2022 has approved the payment of 2 nd Interim Dividend for the FY 2021-22 at Rs. 5/- per equity share on the paid-up equity share capital of the Company.
- The Reserve Bank of India (RBI) in its latest order issued today directed Vijay Shekhar Sharma-led Paytm Payments Bank Ltd to stop onboarding of new customers. The Reserve Bank of India (RBI) in its latest order issued today directed Vijay Shekhar Sharma-led Paytm Payments Bank Ltd to stop onboarding of new customers. The Paytm Payments Bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system, the RBI order said. “Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by RBI after reviewing a report of the IT auditors,” the central bank said.
- Digital gaming and sports company Nazara Technologies through its wholly-owned subsidiary Nazara Technologies FZ LLC has committed an investment of Rs 30 crore in Griffin Gaming Partners Fund II.
- India’s Cairn Oil & Gas, a unit of Vedanta Ltd., will spend as much as $4 billion over the next three years to more than triple its production, as high prices make investments attractive. India’s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells to explore new oil and gas reserves across its 51 blocks in the country, Prachur Sah, deputy chief executive officer of Cairn, said in an interview to Bloomberg TV Friday.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| 20MICRONS | General | 14-Mar-22 | CONTCHM | General | 15-Mar-22 |
| AGIIL | Interim Dividend | 14-Mar-22 | DEVIT | General | 15-Mar-22 |
| AYOME | General | 14-Mar-22 | KRANTI | General | 15-Mar-22 |
| BBOX | Stock Split | 14-Mar-22 | MODULEX | Right Issue of Equity Shares;Rights Issue | 15-Mar-22 |
| JIGAR | General | 14-Mar-22 | MOLDTEK | Interim Dividend | 15-Mar-22 |
| MIDHANI | Interim Dividend | 14-Mar-22 | ODYCORP | General | 15-Mar-22 |
| NDASEC | General | 14-Mar-22 | SPVGLOBAL | General;Rights Issue | 15-Mar-22 |
| PCS | General | 14-Mar-22 | STCORP | General | 15-Mar-22 |
| PILITA | General | 14-Mar-22 | ADFFOODS | General | 16-Mar-22 |
| RITES | Interim Dividend | 14-Mar-22 | ATHARVENT | General | 16-Mar-22 |
| TRF | General | 14-Mar-22 | LANDMARC | General | 16-Mar-22 |
| ALSL | General | 15-Mar-22 | MYSPAPE | Quarterly Results | 16-Mar-22 |
| ARIES | General | 15-Mar-22 | RVNL | Interim Dividend | 16-Mar-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ARIHCAPM | 14-Mar-22 | Interim Dividend – Rs. – 0.7500 | RAJGLOWIR | 15-Mar-22 | Stock Split From Rs.10/- to Rs.2/- |
| DICIND | 14-Mar-22 | Final Dividend – Rs. – 3.0000 | TVSELECT | 15-Mar-22 | Interim Dividend – Rs. – 2.0000 |
| DICIND | 14-Mar-22 | Special Dividend – Rs. – 2.0000 | DRCSYSTEMS | 16-Mar-22 | Stock Split From Rs.10/- to Rs.1/- |
| INFIBEAM | 14-Mar-22 | Bonus issue 1:1 | JINDALSTEL | 16-Mar-22 | Interim Dividend – Rs. – 1.0000 |
| NLCINDIA | 14-Mar-22 | Interim Dividend – Rs. – 1.5000 | KMSUGAR | 16-Mar-22 | E.G.M. |
| RKFORGE | 14-Mar-22 | Stock Split From Rs.10/- to Rs.2/- | METROBRAND | 16-Mar-22 | Interim Dividend – Rs. – 1.5000 |
| AIML | 15-Mar-22 | Stock Split From Rs.10/- to Rs.1/- | RELTD | 16-Mar-22 | E.G.M. |
| BCG | 15-Mar-22 | Bonus issue 2:3 | SHIVMED | 16-Mar-22 | Resolution Plan -Suspension |
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