NIFTY:
NIFTY opened at 16548.90 with a big gap down of 515 points due to the tension between Russia and Ukraine. The index initially moved higher and recorded its intraday high at 16705.25. Prices then started moving downwards. The decline continued for the whole day, moved down another 500 points from its early morning high, and recorded its intraday low at 17203.25. The index finally closed at 16247.95 near its intraday low with a loss of 815.30 points or 4.78% down. All the sectoral indices have seen a decline today and closed lower. Most of the indices have incurred a loss of more than 5% while FMCH and PHARMA ended with a loss of around 3.5%.
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 the closing tick. Next support is visible around 15500. As of now, we are in an environment of fear. In such an environment we should step aside and do not indulge ourselves in any kind of trading. For the time being, we should avoid trading the index. We need to wait for the volatility to cool off.
BANK NIFTY:
BANK NIFTY opened at 36085.20 with a big gap down of 1273 points. The index initially went up and recorded its intraday high at 36709.15. Prices after that moved down and kept on drifting downwards to record its intraday low at 34991.35.The index finally closed at 35095.25 with a big loss of 2263 points. PSU and PVT BANKS both indices have seen sharp intraday decline today and closed lower by 8.26% and 5.98% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the downside followed by HDFC BANK.
The trend is down now as the index broken down crucial support levels. Next support is visible around 34000. However, in a fear environment , these support and resistance level do not work. Volatility is very high. We should avoid trading the index and wait markets to stabilize first.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| BAJAJFIN | 6627 | 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 6620 with a stop loss of 6800 and for the target of 6490. |
| RELIANCE | 2255 | 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 2250 with a stop loss of 2285 and target of 2200. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| TATA POWER | 200 PE | BUY | 9.70 | CMP | 6 | 15 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| PNB.Feb 24 | 31.85 | -14.84 | 6.14 | 1.71E+08 | ||||||
| RAIN.Feb 24 | 183.8 | -13.59 | 1.86 | 2872500 | ||||||
| INDIGO.Feb 24 | 1812.3 | -11.31 | 23.66 | 543500 | ||||||
| SAIL.Feb 24 | 85.3 | -10.02 | 6.22 | 37477500 | ||||||
| GODREJPROP.Feb 24 | 1442.6 | -9.82 | 4.08 | 1219725 | ||||||
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| NAM-INDIA.Feb 24 | 314.85 | 0.82 | -19.07 | 611200 | INDUSTOWER.Feb 24 | 206 | -17.68 | -46.22 | 1156400 | |
| INDIAMART.Feb 24 | 4957.3 | 3.8 | -60.22 | 61275 | IDFCFIRSTB.Feb 24 | 38.25 | -11.56 | -28.64 | 29481600 | |
| AMARAJABAT.Feb 24 | 521 | -11.42 | -24.92 | 1449000 | ||||||
| NBCC.Feb 24 | 34.8 | -11.34 | -7.68 | 9228000 | ||||||
| L&TFH.Feb 24 | 62.05 | -11.23 | -8.78 | 21970888 | ||||||
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Whirlpool | 1624.1 | -1.59 | 283594 | 0 | 88.3 | Nifty 50 | 16247.95 | -4.78 | 81939 | |
| Escorts India Ltd. | 1795.2 | -3.39 | 2213011 | 0 | 85.2 | Nifty Bank | 35228.1 | -5.79 | 81939 | |
| Hindustan Unilever Ltd | 2171.4 | -3.94 | 2997629 | 0 | 78.03 | Nifty it | 32547.9 | -4.59 | 81939 | |
| Hdfc Ltd. | 2343.05 | -3.86 | 5058230 | 0 | 72.61 | Nifty Metal | 5313.65 | -5.26 | 81939 | |
| Icici Lombard General In | 1240.85 | -3.05 | 838799 | 0 | 72.5 | Nifty Media | 1907.6 | -6.95 | 81939 | |
| Sbi Life Insurance Compa | 1054.2 | -4.32 | 2088599 | 0 | 72.42 | India Vix | 31.98 | 30.32 | 81939 | |
| Colgate Palmolive (india | 1397.35 | -2.44 | 477460 | 0 | 69.19 | Nifty Auto | 10609.8 | -6.26 | 81939 | |
| Infosys Limited | 1678.15 | -3.71 | 13592379 | 0 | 67.76 | Nifty Fmcg | 34735.15 | -3.33 | 81939 | |
| City Union Bank Ltd. | 122.8 | -5.03 | 3276167 | 0 | 67.65 | Nifty Realty | 411.75 | -7.17 | 81939 | |
| Power Grid Corporation o | 191.1 | -3.51 | 9858778 | 0 | 64.72 | Nifty Pharma | 12500.1 | -3.67 | 81939 | |
| Honeywell Auto India Ltd | 39768.05 | -2.38 | 9299 | 0 | 64.51 | Nifty Financial Services | 16531.55 | -5.15 | 81939 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: FX Reserves on 25th February, 2022
INR: Bank Loan and Deposit Growth on 25th February, 2022 |
•USD: Core Durable Goods Orders (MoM) (Jan) on 25th February 2022
•USD: Pending Home Sales (MoM) (Jan) on 25th February 2022 |
NEWS UPDATES
- Vodafone Idea Ltd (VIL) on Thursday announced a collaboration with A5G Networks, with a view to spurring industry 4.0 and smart mobile edge computing in India. The two companies have jointly set up a pilot private network in Mumbai utilising existing 4G spectrum, according to a statement.
- NHPC on Thursday said it has inked a pact with HDFC bank to securitise return on equity of its 540-MW Chamera-I Power Plant in Himachal Pradesh for 10 years. “NHPC Ltd has signed a facility agreement today i.e. February 24, 2022, (on Thursday) with HDFC Bank Ltd to securitise the return on equity of Chamera-I Power Station (3 X 180 MW), Himachal Pradesh, for a tenor of 10 years,” according to a BSE filing.
- India is considering partnering with private companies to operate mines which have been previously shut or production discontinued by state-run Coal India Ltd, the federal coal ministry said in a statement on Thursday. Coal India, which accounts for over 80% of India’s output, was looking to offer more than 100 such mines to the private sector on a revenue sharing basis in “due course of time,” the coal ministry said.
- Vedanta Aluminium, India’s largest manufacturer of aluminium, launched a low carbon brand on Thursday as a step towards its commitment of achieving net- zero carbon by 2050. Vedanta Aluminium unveiled two product lines – Restora (low carbon aluminium) and Restora Ultra (ultra-low carbon aluminium) -under the brand and said that it was the first major non-ferrous Indian metals producer to manufacture low carbon products (primary aluminium) for customers worldwide.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| AGOL | General | 25-Feb-21 | RAIN | Audited Results | 25-Feb-21 |
| ESTER | General;Employees Stock Option Plan | 25-Feb-21 | RESPONIND | General | 25-Feb-21 |
| GCMCOMM | General | 25-Feb-21 | SHAHLON | General | 25-Feb-21 |
| GRMOVER | General | 25-Feb-21 | SOUTHBANK | Preferential Issue of shares | 25-Feb-21 |
| HINDMOTORS | General | 25-Feb-21 | SPMLINFRA | Preferential Issue of shares | 25-Feb-21 |
| KSB | Quarterly Results;General;Dividend | 25-Feb-21 | TIRUSTA | General | 25-Feb-21 |
| MAWANASUG | General | 25-Feb-21 | VESUVIUS | Audited Results;General;Dividend | 25-Feb-21 |
| POWERINDIA | General | 25-Feb-21 | XOINFO | General | 25-Feb-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ANDHRAPET | 25-Feb-22 | Interim Dividend – Rs. – 1.5000 | DATAINFRA | 02-Mar-22 | Income Distribution (InvIT) |
| ASHUTPM | 25-Feb-22 | E.G.M. | FACORALL | 02-Mar-22 | E.G.M. |
| GORANIN | 25-Feb-22 | E.G.M. | PRISMX | 02-Mar-22 | Right Issue of Equity Shares |
| INDOASIAF | 25-Feb-22 | E.G.M. | TANAA | 02-Mar-22 | Interim Dividend – Rs. – 0.5000 |
| JOLYPLS | 25-Feb-22 | E.G.M. | CONTAINER | 03-Mar-22 | Stock Split From Rs.10/- to Rs.5/- |
| MEERA | 25-Feb-22 | Interim Dividend – Rs. – 0.5000 | PGFOILQ | 03-Mar-22 | E.G.M. |
| PFC | 25-Feb-22 | Interim Dividend – Rs. – 6.0000 | JAYSHREETEA | 07-Mar-22 | E.G.M. |
| SVAMSOF | 25-Feb-22 | E.G.M. | NOUVEAU | 07-Mar-22 | Stock Split From Rs.10/- to Rs.1/- |
| EASEMYTRIP | 28-Feb-22 | Bonus issue 1:1 | DEEP | 08-Mar-22 | Bonus issue 3:4 |
| GLITTEKG | 28-Feb-22 | E.G.M. | VIPIND | 08-Mar-22 | Interim Dividend |
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