NIFTY:
Nifty opened at 16723.20 wit ha gap up of 118 points. Initial prices moved higher but the rally did not sustain lo ng as prices have moved down after recording its intraday high at 16768.95. The index drifted downwards, filled the up gap very quickly, and kept on sliding lower. A sharp decline of more than 300 points from the highs brought prices to its intraday low at 16442.95. Prices have seen minor rallies in between but bulls do not have enough strength today and the index keeps on moving down to finally closed at 16498.05 wit ha loss of 107.90 points or 0.65% down. IT, METAL, and OIL GAS outperformed today and closed wit h a ga in of more than 1%.BANK, FINANCIAL ,and AUTO under performed today and ended wit ha loss of more than 1%.
The index traded in a wide range today. The Volatility remained very high as the volatility index ‘INDIA VIX’ is moving around 28. It will be normal when the index moves below 18. As mentioned yesterday, “The 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. The index attempted to break 16800 resistance today but failed to do it. 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 35621.15 wit h a gap up of 147 points. The index recorded its intraday high at 35804.15 and then moved on the downside. The index filled the gap quickly, fell more than 100 points intraday and recorded its intraday low at 34721.15. The index consolidated in the last hour of trading and finally closed at 34966.10 with a loss of 508 points. PVT and PSU BANKS have performed almost same today, saw an intraday decline and ended with a loss of 1.03% and 0.71% respectively. We are tracking pattern of bearish Head & Shoulder with the short-term trend is down as index made lower lows. We should avoid trading the index and wait markets to stabilize first. Resistance is visible around 36800. Support is visible around 34000.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| WIPRO | 569 | 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 560 and for the target of 580. |
| INDIAMART | 4547 | 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 4545 with a stop loss of 4580 and target of 4340. |
DERIVATIVE PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| WIPRO | 569 | 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 560 and for the target of 580. |
| INDIAMART | 4547 | 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 4545 with a stop loss of 4580 and target of 4340. |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| HEROMOTOCO.Mar 31 | 2430 | 0.01 | 8.04 | 3549000 | GUJGASLTD.Mar 31 | 525.1 | -7.36 | 21.11 | 2897500 | |
| TCS.Mar 31 | 3554.95 | 0.07 | 2.42 | 13329300 | ASHOKLEY.Mar 31 | 110.05 | -6.93 | 9.57 | 46791000 | |
| TORNTPOWER.Mar 31 | 480.4 | 0.08 | 0.41 | 3315000 | UBL.Mar 31 | 1397.95 | -6.89 | 17.7 | 1091300 | |
| MPHASIS.Mar 31 | 3156.85 | 0.11 | 5.28 | 1679125 | ULTRACEMCO.Mar 31 | 5991.25 | -6.69 | 46.28 | 3211900 | |
| ADANIENT.Mar 31 | 1649.9 | 0.16 | 0.13 | 20423500 | ESCORTS.Mar 31 | 1674 | -6.6 | 11.4 | 4111800 | |
| Short Covering | Long Unwinding | |||||||||
| HONAUT.Mar 31 | 40644.9 | 0.26 | -1.48 | 7005 | NBCC.Mar 31 | 38.5 | -2.16 | -1.13 | 23004000 | |
| GNFC.Mar 31 | 585.9 | 0.59 | -0.28 | 2736500 | LALPATHLAB.Mar 31 | 2447.45 | -1.84 | -1.65 | 825500 | |
| DELTACORP.Mar 31 | 265.8 | 0.95 | -0.26 | 13135300 | IDFC.Mar 31 | 56.2 | -1.58 | -0.02 | 80770000 | |
| INDUSTOWER.Mar 31 | 211 | 1.64 | -0.62 | 23601200 | BALKRISIND.Mar 31 | 1801.3 | -0.41 | -0.39 | 1482400 | |
| NATIONALUM.Mar 31 | 128.85 | 2.3 | -0.7 | 92429000 | HAL.Mar 31 | 1387 | -0.37 | -1.35 | 1945600 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Godrej Cons Products Ltd | 733.8 | -2.46 | 2003112 | 0 | 76.84 | Nifty50 | 16498.05 | -0.65 | 85065 | |
| Icici Lombard General In | 1240.55 | -0.88 | 507149 | 0 | 76.52 | Niftybank | 34944.3 | -1.21 | 85065 | |
| Hdfc Ltd. | 2273 | -0.22 | 6191711 | 0 | 73.79 | Nifty it | 34130.3 | 1.22 | 85065 | |
| Hdfc Bank Ltd. | 1371 | -0.24 | 8763961 | 0 | 70.6 | Nifty Auto | 10261.1 | -2.28 | 85065 | |
| Hcl Technologies Ltd. | 1139.7 | 2.16 | 3969380 | 0 | 70.51 | Nifty Metal | 6210.25 | 1.2 | 85065 | |
| Infosys Limited | 1720.85 | 1.06 | 7344147 | 0 | 69.02 | India Vix | 28.16 | -3.66 | 85065 | |
| Larsen & Toubro Limited | 1752.3 | -1.8 | 2259979 | 0 | 67.19 | Nifty Realty | 429 | -0.52 | 85065 | |
| Hindustan Unilever Ltd | 2091 | -2.7 | 2372998 | 0 | 66.85 | Nifty Fmcg | 35019.6 | -0.98 | 85065 | |
| Britannia Ind Ltd. | 3366.4 | -0.75 | 429892 | 0 | 66.33 | Nifty Media | 2056.15 | 0.39 | 85065 | |
| City Union Bank Ltd. | 119.6 | -0.66 | 4508362 | 0 | 65.28 | Nifty Pharma | 12643.75 | -0.36 | 85065 | |
| Nifty Financial Services | 16359.05 | -1.17 | 85065 | |||||||
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Nikkei Services PMI (Feb) on 4th March, 2022
INR: FX Reserves, USD on 4th March, 2022 |
•USD: Unemployment Rate (Feb) on 4rd March, 2022
•USD: Nonfarm Payrolls (Feb) on 4th March, 2022 |
NEWS UPDATES
- The financial sBatteries and flashlights maker Eveready Industries India Ltd on Thursday said its Non-Executive Chairman Aditya Khaitan and Managing Director Amritanshu Khaitan have resigned following an open offer from the Burman group. The Burman group, through various entities had on Monday made a Rs 604.76-crore open offer to acquire around 1.89 crore shares of Eveready Industries, representing 26 per cent of the expanded voting share capital, at a price of Rs 320 per share, payable in cash
- Drug major Lupin on Thursday said it has received approval from the US health regulator to market Efinaconazole topical solution, used to treat fungal toenail infections, in the American market. The company has received approval from the United States Food and Drug Administration (FDA) to market the generic version of Bausch Health Americas’ Jublia topical solution, the Mumbai-based drug maker said in a regulatory filing.
- UPL Ltd on Thursday said it will sell 49.98 per cent equity in its non-operational subsidiary firm Agri Net Solutions Ltd (ANSL) to promotor group entity Nerka Chemicals for Rs 1.75 crore. UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 1.75 crore and the deal is expected to be completed by March 31 this year.
- MG Motor India on Thursday announced a new venture, MG Charge, to build charging infrastructure for electric vehicles with an aim to install 1,000 chargers in residential areas across India in 1,000 days. As part of the initiative, the company will install 1,000 AC fast, type 2 chargers, a more commonly used type of charger for electric vehicles, supporting most of the leading current and future EVs, MG Motor India said in a statement.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ADVIKCA | Right Issue of Equity Shares;General | 04-Mar-22 | TVSELECT | Interim Dividend | 05-Mar-22 |
| NAZARA | Preferential Issue of shares | 04-Mar-22 | VARIMAN | Preferential Issue of shares;Stock Split | 05-Mar-22 |
| NMSRESRC | General | 04-Mar-22 | MAL | General | 06-Mar-22 |
| NNTL | Preferential Issue of shares | 04-Mar-22 | AAVAS | General | 07-Mar-22 |
| RUBRAME | General | 04-Mar-22 | GANESHBE | General | 07-Mar-22 |
| UBEINDL | General | 04-Mar-22 | KCLINFRA | Right Issue of Equity Shares | 07-Mar-22 |
| CONTCHM | General | 05-Mar-22 | METROBRAND | Interim Dividend;General | 07-Mar-22 |
| IFL | In. in Auth. Capital;Warrants;Pref. Issue | 05-Mar-22 | NLCINDIA | Interim Dividend | 07-Mar-22 |
| SABOOBR | General | 05-Mar-22 | PRECISION | General | 07-Mar-22 |
| SAGL | Amalgamation;Scheme of Arrangement | 05-Mar-22 | RAINBOWF | General;Rights Issue | 07-Mar-22 |
| SANINFRA | General | 05-Mar-22 | SHREEGANES | Bonus issue | 07-Mar-22 |
| SRTRANSFIN | Interim Dividend | 05-Mar-22 | SUNTV | Interim Dividend | 07-Mar-22 |
| SWANENERGY | General;Preferential Issue of shares | 05-Mar-22 | TRADWIN | A.G.M.;Audited Results;Quarterly Results | 07-Mar-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| JAYSHREETEA | 07-Mar-22 | E.G.M. | EIDPARRY | 10-Mar-22 | Interim Dividend – Rs. – 5.5000 |
| NOUVEAU | 07-Mar-22 | Stock Split From Rs.10/- to Rs.1/- | MUL | 10-Mar-22 | Stock Split From Rs.10/- to Rs.1/- |
| DEEP | 08-Mar-22 | Bonus issue 3:4 | ULTRACAB | 10-Mar-22 | Stock Split From Rs.10/- to Rs.2/- |
| VIPIND | 08-Mar-22 | Interim Dividend – Rs. – 2.5000 | ULTRACAB | 10-Mar-22 | Bonus issue 1:2 |
| VEDL | 09-Mar-22 | Interim Dividend – Rs. – 13.0000 | VISHAL | 10-Mar-22 | Bonus issue 2:1 |
| 7TEC | 10-Mar-22 | Interim Dividend – Rs. – 1.0000 | SRTRANSFIN | 11-Mar-22 | Interim Dividend |
| BCLENTERPR | 10-Mar-22 | Bonus issue 1:1 | DICIND | 14-Mar-22 | Final Dividend – Rs. – 3.0000 |
| BCLENTERPR | 10-Mar-22 | Stock Split From Rs.10/- to Rs.1/- | DICIND | 14-Mar-22 | Special Dividend – Rs. – 2.0000 |
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