NIFTY:
NIFTY opened at 17076.15 wit ha big gap down 298 points. The index recorded its intraday high at 17099.50 a few ticks above the opening price and fell further towards 16900. Prices found support there and then started trading volatile inside the 16900 – 17100 range till the afternoon. This range eventually broke on the downside and the index recorded its intraday low at 16809.65. The index fell more than 300 points in the last two hours of trading and prices have finally closed at 16842.80 near its intraday low with a loss of 531.95 points or 3.06% down. All the sectoral indices have closed wit h a loss today. BANK, FINANCIAL,META L,REA L1Y,AND MEDIA led the bears today and closed wit h a loss of more than 4%.
Previous support at 17000 should now act as a resistance level for the NIF1Y.Moreover,a swing low was recorded at around 16400. This level should act as a support level. The short-term trend is now down and volatility is very high since the Volatility Index ‘INDIA VIX’ today rose above 22 levels. Trading in volatile markets leaves us with a lot of whipsaws so we should avoid trading in such an environment. We should now wait for prices to stabilize, find support and then forma range. Till then avoid trading the index.
BANK NIFTY:
BANK NIFTY opened at 37664 with a big gap down of 762 points. Prices have recorded its intraday high almost at the opening tick and then moved further on the downside. The index goes through a process of consolidation in the afternoon that eventually broke on the downside. Prices have recorded its intraday low at 36828.05 and finally closed at 36847.85 wit h a loss of 1579 points. PSU and PVT BANKS both indices have seen sharp intraday decline today and closed lower by 5.95% & 4.03% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the downside followed by HDFC BANK.
A support around 37700 broke down decisively and the index is now heading towards the next support level around 36400. The short-term trend is down and volatility rose again.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| IRCTC | 798 | SELL | The stock is on the verge of giving the breakdown on the intraday as well as the daily chart. The stock can be sell below 796 with a stop loss of 805 and for the target of 780. |
| DEEPAKNTR | 2063 | 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 2060 with a stop loss of 2100 and target of 1970. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| INDUSINDBK | 940 PE | BUY | 27 | CMP | 19 | 40 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| DIVISLAB.Feb 24 | 4279.45 | -0.42 | -3.39 | 2742800 | METROPOLIS.Feb 24 | 2032.1 | -12.89 | 33.02 | 759800 | |
| HCLTECH.Feb 24 | 1145.5 | -1.56 | -0.81 | 22167600 | HONAUT.Feb 24 | 39651 | -8.88 | 37.7 | 11505 | |
| SUNPHARMA.Feb 24 | 865.85 | -1.62 | -0.1 | 22132600 | LICHSGFIN.Feb 24 | 357.85 | -8.62 | 6.3 | 22220000 | |
| VOLTAS.Feb 24 | 1170.95 | -1.74 | -3.45 | 3596500 | GMRINFRA.Feb 24 | 39 | -7.91 | 7.77 | 91485000 | |
| TITAN.Feb 24 | 2396.15 | -1.87 | -0.53 | 4913250 | STAR.Feb 24 | 356 | -7.9 | 2.29 | 4224600 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| CUMMINSIND.Feb 24 | 945.6 | 1.2 | -4.45 | 2022600 | HINDCOPPER.Feb 24 | 125.9 | -9.55 | -6.26 | 17823500 | |
| DELTACORP.Feb 24 | 256.4 | -7.94 | -0.05 | 14046100 | ||||||
| BSOFT.Feb 24 | 418.35 | -7.59 | -0.58 | 4670900 | ||||||
| JINDALSTEL.Feb 24 | 404.65 | -7.53 | -2.94 | 33977500 | ||||||
| INDIGO.Feb 24 | 2099.4 | -7.29 | -0.55 | 3186000 | ||||||
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Hindustan Unilever Ltd | 2228.55 | -1.3 | 1661501 | 0 | 73.93 | Nifty 50 | 16842.8 | -3.06 | 79383 | |
| Power Grid Corporation o | 201.85 | -2.86 | 9082032 | 0 | 72.21 | Nifty Bank | 36908.55 | -4.18 | 79383 | |
| Infosys Limited | 1682.2 | -2.27 | 7459637 | 0 | 69.96 | Nifty it | 33880.65 | -1.45 | 79383 | |
| Tata Consultancy Serv Lt | 3733.75 | 1.05 | 5951745 | 0 | 69.71 | Nifty Realty | 437.4 | -5.29 | 79380 | |
| Hcl Technologies Ltd. | 1146.45 | -1.48 | 3243813 | 0 | 69.37 | Nifty Auto | 11107.15 | -3.86 | 79386 | |
| Hdfc Bank Ltd. | 1473.7 | -2.97 | 7328310 | 0 | 69.16 | India Vix | 22.98 | 23.01 | 79383 | |
| Pidilite Industries Ltd | 2388.55 | -1.8 | 422290 | 0 | 67.99 | Nifty Metal | 5719 | -5.06 | 79386 | |
| Godrej Cons Products Ltd | 799.75 | -3.06 | 1708417 | 0 | 66.71 | Nifty Fmcg | 35661.25 | -2.76 | 79380 | |
| Reliance Industries Ltd | 2338.55 | -1.59 | 4947109 | 0 | 66.67 | Nifty Pharma | 13252.15 | -1.91 | 79380 | |
| Hdfc Ltd. | 2296.8 | -5.34 | 5903697 | 0 | 66.62 | Nifty Media | 2127.7 | -4.22 | 79386 | |
| Nestleind | 17670.25 | -0.81 | 42917 | 0 | 65.18 | Nifty Financial Services | 17059.1 | -4.18 | 79386 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Trade Balance (Jan) on 15th February, 2022 | •USD: PPI (MoM) (Jan) on 15th February 2022
•USD: Core Retail Sales (MoM) (Jan) on 16th February 2022 |
NEWS UPDATES
- Former chairman of Turkish Airlines Ilker Ayci has been appointed as CEO & MD of Air India, announced Tata Sons on Monday. The Air India board met on Monday afternoon to consider the candidature of Ayci, with Tata Sons Chairman N Chandrasekaran as a special invitee, and approved his appointment, subject to requisite regulatory approvals.
- Grasim Industries has become a net debt free company on a standalone basis after selling its fertiliser business. In its December quarter results, the company said its consolidated revenue was up 16 per cent at Rs 24,402 crore while its earnings before interest, tax, depreciation and amortisation (EBITDA) were Rs 4,107 crore. The company’s profit after tax was Rs 1,746 crore, up 26 per cent on a year on year basis.
- Bharat Heavy Electricals Ltd (BHEL) on Monday said it has bagged an order from Hindustan Aeronautics Ltd to supply compact heat exchanger sets for Tejas aircraft. “Bharat Heavy Electricals Limited has received a prestigious order for the supply of compact heat exchanger sets for 83 LCA Tejas MK1A aircrafts, from Hindustan Aeronautics Limited (HAL),” the company said in a statement.
- Standard and Poor’s (S&P) has upgraded the Adani International Container Terminals Pte Ltd’s (AICTPL) preliminary standalone credit profile (SACP) from “bb+” to “bbb-“. The company is expected to maintain a stronger-than-expected operating and financial performance. S&P has affirmed the company’s rating at ‘BBB-‘ with a stable outlook.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| AFFORDABLE | Employees Stock Option Plan;General | 15-Feb-22 | INTCAPM | Quarterly Results | 15-Feb-22 |
| ALKASEC | Quarterly Results | 15-Feb-22 | MAHASTEEL | Preferential Issue of shares | 15-Feb-22 |
| AML | Increase in Authorised Capital;General | 15-Feb-22 | MITSHI | Quarterly Results | 15-Feb-22 |
| ARL | General | 15-Feb-22 | MITSU | Increase in Authorised Capital;General | 15-Feb-22 |
| ASMTEC | Rights Issue | 15-Feb-22 | MOUNT | Quarterly Results | 15-Feb-22 |
| ASYL | Quarterly Results | 15-Feb-22 | OLYMTFI | Quarterly Results | 15-Feb-22 |
| BITL | Quarterly Results | 15-Feb-22 | POLOHOT | Quarterly Results | 15-Feb-22 |
| CRISIL | Audited Results;Dividend | 15-Feb-22 | SAMTELIN | Quarterly Results | 15-Feb-22 |
| ENKEIWHEL | Audited Results;Quarterly Results | 15-Feb-22 | SESHACHAL | Quarterly Results | 15-Feb-22 |
| FLORACORP | Quarterly Results | 15-Feb-22 | SOMATEX | Quarterly Results | 15-Feb-22 |
| GARBIFIN | Quarterly Results | 15-Feb-22 | SUJALA | Quarterly Results | 15-Feb-22 |
| GLCL | Quarterly Results | 15-Feb-22 | TIRUFIN | Quarterly Results | 15-Feb-22 |
| GUJCRED | Quarterly Results | 15-Feb-22 | VIKASLIFE | General | 15-Feb-22 |
| HITKITGLO | Quarterly Results | 15-Feb-22 | VIRGOGLOB | Quarterly Results | 15-Feb-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| AARTIIND | 15-Feb-22 | Interim Dividend – Rs. – 1.00 | MAPMYINDIA | 15-Feb-22 | Interim Dividend – Rs. – 2.00 |
| AKCAPIT | 15-Feb-22 | Interim Dividend – Rs. – 5.00 | MINDACORP | 15-Feb-22 | Interim Dividend – Rs. – 0.30 |
| BHATIA | 15-Feb-22 | Stock Split From Rs.10/- to Rs.1/- | MINDSPACE | 15-Feb-22 | Income Distribution RITES |
| DALMIASUG | 15-Feb-22 | Interim Dividend – Rs. – 3.00 | RECLTD | 15-Feb-22 | Interim Dividend – Rs. – 6.00 |
| DANUBE | 15-Feb-22 | Stock Split From Rs.10/- to Rs.2/- | SUVENPHAR | 15-Feb-22 | Interim Dividend – Rs. – 1.00 |
| IOLCP | 15-Feb-22 | Interim Dividend – Rs. – 4.00 | SUVENPHAR | 15-Feb-22 | Special Dividend – Rs. – 2.00 |
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