Morning-Outlook-Feature-Image
OUTLOOK

NIFTY:

Nifty opened at 16593.10 with a big gap down of 200 points. Initial prices moved higher and recorded its intraday high at 16678.50 within the first 15 minutes of trading. The index then drifted downwards. A sharp decline of almost 200 points brought prices to its intraday low at 16478.65 and then started a process of consolidation. The index bounced back from 16500,saw a sharp rally in the last hour of trading, and finally closed at 16605.95 near its opening tick wit h a loss of 187.95 points or 1.12% down. METAL continued its outperformance for the second day and ended wit h a gain of 4% followed by MEDIA and OIL GAS which ended wit h a ga in of more than 1%. BANK, FINANCIAL, and AUTO underperformed today and ended with a loss of more than 2%.

A Volatility is very high as the volatility index ‘INDIA VIX’ rose today and is now moving around 30. It will be normal when the index moves below 18.The   n chances of a low volatile environment are less at least for this week due to the Russia- Ukraine issue. Support is visible around first at 16200, if breach then 15500. Strong resistance is visible inside the 16800 – 16900 range and the index faces strong resistance there. So we have a range within 16200 – 16800 zones. We are in an environment of fear & uncertainty. In such an environment we should step aside and not indulge ourselves in any kind of trading.

BANK NIFTY:

BANK NIFTY opened at 35381.90 with a big gap down of 830 points. The index recorded its intraday high at 35553.70 and moved on the downside. The index added another almost 500 points on the downside and recorded its intraday low at 34897.45 and then finds support there. A rally brought prices near to its opening tick and finally closed at 35474.50 wit h a loss of 737 points. PVT BANKS have underperformed today and closed with a loss of 2.38%. PSU BANKS have also moved down and closed with a loss of 1.06%.

We should avoid trading the index and wait markets to stabilize first. The trend is still on t he downside and it will be down as far as prices are trading below the immediate resistance level around 36800. Support is visible around 34000.

TECHNICAL PICKS

COMPANY NAME CMP B/S RATIONALE+
MUTHOOTFIN 1386 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 1370 and for the target of 1415.
NAUKRI 4568 BUY The  immediate trend of the script is bullish. There is a positive  cross over of moving averages  as well as of the indicators therefore  it can be buy above 4570 with a stop loss of 4500 and target  of 4680.

DERIVATIVE PICKS

Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
RELIANCE 2420 CE BUY 64 CMP 45 90 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
STAR.Mar 31 321 0.03 1.09 4170600 MARUTI.Mar 31 7837.95 -5.93 17.85 2972700
RBLBANK.Mar 31 133.75 0.07 3.36 35545300 CROMPTON.Mar 31 406.7 -5.01 1.66 4107400
UBL.Mar 31 1505.15 0.07 8.74 962150 DRREDDY.Mar 31 3870 -5.01 13.29 3243375
IDFCFIRSTB.Mar 31 42.2 0.12 2.77 1.37E+08 BANDHANBNK.Mar 31 292.15 -4.76 5.27 23484600
WIPRO.Mar 31 558 0.18 3.35 34856000 BAJAJ-AUTO.Mar 31 3367.95 -4.62 8.2 2138500
                                                                        Short Covering                                                                       Long Unwinding
DELTACORP.Mar 31 263.7 0.02 -0.35 13172100 ALKEM.Mar 31 3264 -0.74 -0.7 256200
ADANIENT.Mar 31 1652 0.34 -0.18 20463500 LALPATHLAB.Mar 31 2499 -0.79 -1.32 848625
ESCORTS.Mar 31 1795.55 0.35 -2.91 3713050 COFORGE.Mar 31 4497.9 -0.8 -0.45 509800
AMARAJABAT.Mar 31 564.1 0.36 -0.49 6847000
GODREJPROP.Mar 31 1511.95 0.42 -0.25 5137275

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dabur India Ltd. 565.25 0.34 1871881 0 74.98 Nifty50 16605.95 -1.12 77778
Hdfc Bank Ltd. 1374.25 -3.65 19252780 0 74.01 Niftybank 35372.8 -2.3 77778
Hdfc Ltd. 2278.1 -3.65 8890970 0 72.95 Nifty it 33720 -0.38 77778
Nestleind 17844.6 1.16 86631 0 71.21 Nifty Auto 10500.45 -2.96 77781
Torrent Pharma Ltd. 2772.15 0.81 110221 0 70.6 Nifty Metal 6136.7 4.07 77781
Escorts India Ltd. 1868.55 0.95 2077119 0 68.56 India Vix 29.23 2.31 77778
Marico Limited 512.55 -0.42 1985091 0 68.17 Nifty Realty 431.25 -1.18 77781
Colgate Palmolive (india 1447.5 -0.2 394137 0 67.64 Nifty Fmcg 35364.45 -0.43 77781
Icici Lombard General In 1251.55 -0.97 915621 0 67.38 Nifty Media 2048.2 1.87 77781
Hdfc Life Insurance Comp 560.8 7.19 41081069 0 66.47 Nifty Pharma 12689.55 -1.84 77781
Hdfc Life Insurance Comp 560.8 7.19 41081069 0 66.47 Nifty Financial Services 16551.9 -2.27 77781

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR: Nikkei Services PMI (Feb) on 4th March, 2022

INR: FX Reserves, USD on 4th March, 2022

•USD:  Initial Jobless Claims on 3rd March, 2022

•USD:  ISM Non-Manufacturing PMI (Feb) on 3rd March, 2022

NEWS UPDATES

  • The financial services company Religare Enterprises on Wednesday announced the company has become debt-free after repaying Rs 185.5 crore to its subsidiary Religare Finvest. “We are pleased to announce that REL is completely debt free now. As a holding company, REL is providing the necessary growth capital to all its businesses and REL is all set to expand in new BFSI verticals, having synergies with existing businesses,” Rashmi Saluja, Chairperson of the company said in a regulatory filing to the exchanges on Wednesday.
  • Since the fight between Ashneer Grover and BharatPe’s board began two months back, the company for the first officially accused the embattled founder’s family and relative of misappropriating funds on Wednesday. “The Grover family and their relatives engaged in extensive misappropriation of company funds, including, but not limited to, creating fake vendors through which they siphoned money away from the company’s account and grossly abused company expense accounts in order to enrich themselves and fund their lavish lifestyles,” said BharatPe.
  • Tata Consumer Products is looking to ramp up its workforce by 8-10% this year as it remains bullish about hiring in the next several months. The company, which has 3,300-odd employees on its rolls, will be ramping up talent across functions – including marketing, digital and technology, sourcing and commercial areas in the business, among others.
  • The Indian FMCG industry witnessed a consumption slowdown in urban markets and de-growth in rural areas in 2021, as the sector was hit hard by higher inflation levels forcing companies to go for successive price increases, said data analytics firm Nielsen.

Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint.

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ARIHCAPM General;Interim Dividend;Stock  Split 03-Mar-22 RITCO General 03-Mar-22
CONTPTR General 03-Mar-22 SHRMFGC General 03-Mar-22
EASEMYTRIP Bonus issue 03-Mar-22 SIGACHI General 03-Mar-22
GCMCOMM General 03-Mar-22 UNISH General 03-Mar-22
GCMSECU General 03-Mar-22 VBIND General 03-Mar-22
GLOBALCA General 03-Mar-22 WARNER General 03-Mar-22
GREENCREST General 03-Mar-22 WOCKPHARMA Rights Issue 03-Mar-22
IDEA General 03-Mar-22 ADVIKCA General;Right Issue of Equity Shares 04-Mar-22
INTENTECH General 03-Mar-22 NMSRESRC General 04-Mar-22
JACKSON General 03-Mar-22 RUBRAME General 04-Mar-22
KHOOBSURAT General 03-Mar-22 UBEINDL General 04-Mar-22
MODULEX Right Issue of Equity Shares;Rights Issue 03-Mar-22 CONTCHM General 05-Mar-22
PRIMECAPM General 03-Mar-22 IFL Issue Of Warrants;InAuth. Cap.;Pref. Issue 05-Mar-22

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ARSHIYA 03-Mar-22 Spin Off DEEP 08-Mar-22 Bonus issue 3:4
CONTAINER 03-Mar-22 Stock  Split From Rs.10/- to Rs.5/- VIPIND 08-Mar-22 Interim Dividend
PGFOILQ 03-Mar-22 E.G.M. VEDL 09-Mar-22 Interim Dividend
JAYSHREETEA 07-Mar-22 E.G.M. BCLENTERPR 10-Mar-22 Bonus issue 1:1
NOUVEAU 07-Mar-22 Stock  Split From Rs.10/- to Rs.1/- BCLENTERPR 10-Mar-22 Stock  Split From Rs.10/- to Rs.1/-

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