NIFTY:
NIFTY opened at 17279.85 with a gap up of 66 points. The index recorded its intraday high at 17306.45 a few ticks above the opening prices and then went into consolidation. That consolidation eventually broke on the downside and prices fall further to record its intraday low at 17043.65 and finds support there. Prices then started moving on the upside. Another decline came and that fizzled out quickly and prices kept on moving up to finally close at 17266.75 near its intraday highs with a gain of 53.15 points or0.31% up. METAL and PHARMA outperformed today and closed with gains. MEDIA, IT, and REALTY led the bears today and closed with loss. BANKS and FMCG ended on a flat note.
We have been tracking a support level of around 17000. Today prices have held this level and bounced up. Moreover, a bullish Head & Should is visible on the 30 minutes timeframe chart with a neckline around 17280. Tomorrow we should look for a buying opportunity on a breakout. The idea is to wait till 09:30 AM and then look for a buying opportunity above 17320 or the high recorded in the first 15 minutes of trading {choose the highest one). Keep a stop of 110 points and a target of 250 points for this trade.
BANK NIFTY:
BANK NIFTY opened at 38176 with a gap up of 186 points. Prices recorded its intraday high at 38222.10 a few ticks above the opening tick. Prices then moved down, filled the gap and kept on moving down to record its intraday low at 37319.0S.Prices then takes a U turn and ralled towards its early morning highs. The index finally closed at 379SO without much of change. PSU BANKS have continued its outperformance and closed higher by 0.82%. PVT BANKS have also moved up today and ended with a gain of just 0.14%. Within the index, in terms of points, ICICI BANK contributed the highest while RBL BANK contributed the lowest.
Tomorrow, we should look for a buying opportunity on any sign of strength. The trade here is to buy above 382SO.Incase of a gap up above 382SO, buy above the first 1S minutes of high.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE+ |
| JUBLFOOD | 3240 | BUY | The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be buy above 3245 with a stop loss of 3200 and for the target of 3320. |
| IBULHSGFIN | 197.4 | 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 197 with a stop loss of 202 and target of 190. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| RELIANCE | 2360 CE | BUY | 53 | CMP | 35 | 85 | OI Increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| COROMANDEL.Feb 24 | 799.5 | 0.08 | 8.68 | 1315000 | TATAPOWER.Feb 24 | 232.7 | -7.71 | 20.05 | 1.5E+08 | |
| AUROPHARMA.Feb 24 | 649 | 0.08 | 0.37 | 14574000 | IBULHSGFIN.Feb 24 | 198 | -5.38 | 14.89 | 39680000 | |
| RAIN.Feb 24 | 227.75 | 0.11 | 2.48 | 6402500 | GUJGASLTD.Feb 24 | 666 | -3.67 | 3.99 | 2086250 | |
| M&M.Feb 24 | 832.05 | 0.12 | 4.48 | 12495000 | ONGC.Feb 24 | 164.1 | -3.56 | 4.32 | 38338300 | |
| COLPAL.Feb 24 | 1440.95 | 0.15 | 0.03 | 2538550 | BHEL.Feb 24 | 55.7 | -3.47 | 9.84 | 1.41E+08 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| BOSCHLTD.Feb 24 | 16055 | 0 | -0.23 | 130000 | HINDCOPPER.Feb 24 | 137.3 | -3.34 | -0.21 | 16309900 | |
| UPL.Feb 24 | 760.4 | 0.14 | -0.16 | 28850900 | DELTACORP.Feb 24 | 278.2 | -1.83 | -2.68 | 14547500 | |
| INDUSTOWER.Feb 24 | 253.55 | 0.18 | -0.73 | 9102800 | BEL.Feb 24 | 198.4 | -1.44 | -0.54 | 34333000 | |
| NIFTY.Feb 24 | 17256.65 | 0.22 | -1.97 | 9757000 | LAURUSLABS.Feb 24 | 524.75 | -1.11 | -0.51 | 4585500 | |
| ICICIBANK.Feb 24 | 792.05 | 0.37 | -0.69 | 83443250 | IDFCFIRSTB.Feb 24 | 46.65 | -1.06 | -0.25 | 1.46E+08 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Icici Lombard General In | 1366.2 | 2.18 | 1016198 | 0 | 75.44 | Nifty 50 | 17266.75 | 0.31 | 78081 | |
| Max Financial Services l | 858.85 | -1.2 | 398616 | 0 | 72.1 | Nifty Bank | 38028.45 | 0.09 | 78081 | |
| Petronet Lng Limited | 216.45 | 2.1 | 6935599 | 0 | 65.55 | Nifty it | 34521.55 | -0.29 | 78081 | |
| Hdfc Ltd. | 2414.6 | -0.56 | 6127473 | 0 | 64.02 | Nifty Auto | 11429.8 | 0.2 | 78084 | |
| Abbott India Limited | 15562.6 | -1.35 | 20754 | 0 | 63.33 | Nifty Metal | 5875.6 | 0.8 | 78084 | |
| Colgate Palmolive (india | 1438.6 | 0.1 | 180086 | 0 | 61.93 | India Vix | 19.69 | -3.67 | 78081 | |
| Hdfc Bank Ltd. | 1461.85 | -0.43 | 6990565 | 0 | 61.84 | Nifty Media | 2174.8 | -1.03 | 78084 | |
| Axis Bank Limited | 798.55 | 1.13 | 12300670 | 0 | 61.16 | Nifty Fmcg | 36765.95 | 0 | 78081 | |
| Hcl Technologies Ltd. | 1161.95 | 0.4 | 3267641 | 0 | 60.91 | Nifty Realty | 464.25 | -0.84 | 78084 | |
| Hindustan Unilever Ltd | 2264.35 | 0.3 | 1190660 | 0 | 60.85 | Nifty Pharma | 13444.7 | 0.47 | 78081 | |
| Icici Bank Ltd. | 792.5 | 0.78 | 14642455 | 0 | 60.6 | Nifty Financial Services | 17632.55 | 0.14 | 78084 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: RBI Interest Rate Decision on 10th February, 2022
INR: Industrial Production (YoY) on 11th February, 2022 |
•USD: Crude Oil Inventories on 9th February 2022
•USD: Core CPI (MoM) (Jan) on 10th February 2022 |
NEWS UPDATES
-
Bajaj Electricals Ltd on Tuesday reported a decline of 50.94 per cent in its consolidated net profit to Rs 48.17 crore for the third quarter ended December 2021. Its total revenue from operations was down 12.02 per cent to Rs 1,319.81 crore during the quarter under review as against Rs 1,500.14 crore in the corresponding period of the previous fiscal.
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Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday reported 168% jump in net profit at Rs 209 crore for the quarter ending December 31, 2021. It reported net profit of Rs 78 crore in the year-ago period. IRCTC’s Q3FY22 revenue rose 141% to Rs 540 crore as against Rs 224 crore in Q3FY21. The company declared an interim dividend of Rs 2 per share and fixed February 18 as the record date for the purpose of payment of interim dividend.
-
Bharti Airtel on Tuesday reported 3% decline in consolidated net profit attributable to owners at Rs 830 crore for the quarter ending December 31, 2021. It earned net profit of Rs 854 crore in the year-ago period. Airtel reported a 12.6% rise in third-quarter revenue, helped by recent tariff hikes and subscriber additions. The company’s consolidated revenue from operations for the quarter ended Dec. 31 climbed to Rs 29,867 crore from Rs 26,518 crore a year ago.
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Abbott on Tuesday said it has tied up with various health-tech firms like BeatO, Sugar.fit, PharmEasy, GOQii, 1MG and Zyla for diabetes care. The company said it has also joined hands with Health, Healthifyme and Fitterfly under the initiative.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint.
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| 3IINFOTECH | Quarterly Results | 09-Feb-22 | LUMAXTECH | General;Quarterly Results | 09-Feb-22 |
| ABAN | Quarterly Results | 09-Feb-22 | NAVKARCORP | Quarterly Results | 09-Feb-22 |
| ABBOTINDIA | Quarterly Results | 09-Feb-22 | NUVOCO | Quarterly Results | 09-Feb-22 |
| ACC | Final Dividend;Audited Results | 09-Feb-22 | NYKAA | Quarterly Results | 09-Feb-22 |
| AUROPHARMA | Interim Dividend;Quarterly Results | 09-Feb-22 | PATELENG | Quarterly Results | 09-Feb-22 |
| AXISCADES | Quarterly Results | 09-Feb-22 | PETRONET | Quarterly Results | 09-Feb-22 |
| BASF | Quarterly Results | 09-Feb-22 | PGHL | Quarterly Results | 09-Feb-22 |
| BERGEPAINT | Quarterly Results | 09-Feb-22 | POWERGRID | Interim Dividend;Quarterly Results | 09-Feb-22 |
| BHARATGEAR | Quarterly Results | 09-Feb-22 | POWERINDIA | Quarterly Results | 09-Feb-22 |
| BIRLACABLE | Quarterly Results | 09-Feb-22 | PRESTIGE | Quarterly Results | 09-Feb-22 |
| BOSCHLTD | Quarterly Results | 09-Feb-22 | SAIL | Quarterly Results | 09-Feb-22 |
| DCBBANK | Quarterly Results | 09-Feb-22 | SANGHIIND | Quarterly Results | 09-Feb-22 |
| ENGINERSIN | Interim Dividend;Quarterly Results | 09-Feb-22 | SHARDA | Quarterly Results | 09-Feb-22 |
| FDC | General;Quarterly Results | 09-Feb-22 | SHYAMMETL | Interim Dividend;Quarterly Results | 09-Feb-22 |
| FINCABLES | Quarterly Results | 09-Feb-22 | SINDHUTRAD | Quarterly Results | 09-Feb-22 |
| GMRINFRA | Quarterly Results | 09-Feb-22 | SKFINDIA | Quarterly Results | 09-Feb-22 |
| GOCLCORP | Results;Scheme of Arrangement | 09-Feb-22 | SMSPHARMA | Quarterly Results | 09-Feb-22 |
| GUFICBIO | Quarterly Results | 09-Feb-22 | SOLARA | Quarterly Results | 09-Feb-22 |
| GULFOILLUB | General;Quarterly Results | 09-Feb-22 | SPENCER | Quarterly Results | 09-Feb-22 |
| HEG | Quarterly Results | 09-Feb-22 | SUNCLAYLTD | Quarterly Results | 09-Feb-22 |
| HITECHGEAR | Quarterly Results | 09-Feb-22 | TALBROAUTO | Interim Dividend;Quarterly Results | 09-Feb-22 |
| IBULHSGFIN | Quarterly Results | 09-Feb-22 | TATAPOWER | Quarterly Results | 09-Feb-22 |
| IGARASHI | Quarterly Results | 09-Feb-22 | TI | Quarterly Results | 09-Feb-22 |
| KANORICHEM | Quarterly Results | 09-Feb-22 | TNPETRO | Quarterly Results;General | 09-Feb-22 |
| KIRLOSENG | Interim Dividend;Quarterly Results | 09-Feb-22 | TTKHEALTH | Quarterly Results | 09-Feb-22 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| AARTIDRUGS | 09-Feb-22 | Interim Dividend – Rs. – 1.00 | DHANUKA | 10-Feb-22 | Interim Dividend – Rs. – 8.00 |
| BEL | 09-Feb-22 | Interim Dividend – Rs. – 1.50 | EMAMILTD | 10-Feb-22 | Interim Dividend – Rs. – 4.00 |
| GILLETTE | 09-Feb-22 | Interim Dividend – Rs. – 33.00 | FORBESCO | 10-Feb-22 | Spin Off |
| GPTINFRA | 09-Feb-22 | Interim Dividend – Rs. – 1.50 | GMM | 10-Feb-22 | Interim Dividend – Rs. – 1.00 |
| IOC | 09-Feb-22 | Interim Dividend – Rs. – 4.00 | GRNLAMIND | 10-Feb-22 | Stock Split From Rs.5/- to Rs.1/- |
| ORIENTCEM | 09-Feb-22 | Interim Dividend – Rs. – 0.7500 | IRBINVIT | 10-Feb-22 | Income Distribution (InvIT) |
| SUNPHARMA | 09-Feb-22 | Interim Dividend – Rs. – 7.00 | JUBLINGREA | 10-Feb-22 | Interim Dividend – Rs. – 2.50 |
| ALKEM | 10-Feb-22 | Interim Dividend – Rs. – 30.00 | KPITTECH | 10-Feb-22 | Interim Dividend – Rs. – 1.2500 |
| APCOTEXIND | 10-Feb-22 | Interim Dividend – Rs. – 2.00 | KRETTOSYS | 10-Feb-22 | Bonus issue 1:10 |
| BAJAJCON | 10-Feb-22 | Interim Dividend – Rs. – 4.00 | KRETTOSYS | 10-Feb-22 | Stock Split From Rs.10/- to Rs.1/- |
| BPCL | 10-Feb-22 | Interim Dividend – Rs. – 5.00 | MASFIN | 10-Feb-22 | Interim Dividend – Rs. – 1.2500 |
| CHOLAFIN | 10-Feb-22 | Interim Dividend – Rs. – 1.30 | NACLIND | 10-Feb-22 | Interim Dividend – Rs. – 0.1500 |
| DAAWAT | 10-Feb-22 | Interim Dividend – Rs. – 0.50 | NITINSPIN | 10-Feb-22 | Interim Dividend – Rs. – 1.50 |
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