The NIFTY opened at 17360.10 with a gap up of 57 points. The index continued its early morning bullish momentum and started moving higher from its opening tick. Prices have recorded its intraday low at 17345.25, saw a sharp upside move, and went above 17400. The index then started a consolidation process and found intraday support around 17400. The index bounced up sharp from the above-mentioned support levels and recorded its intraday high at 17467.75. Prices have finally closed at 17450.90 with a gain of 146.95 points or 0.85% up. All the sectoral indices have seen an upside move today and closed with gains. META led the bulls today by ending nearly 4% higher followed by IT, MEDIA, REALTY, OIL GAS, and BANK. The index has seen a relief rally today and ended well above 17400. We have mentioned a support level of around 17300. Prices have bounced up sharply from this level and are now heading toward its resistance level around 17800. As of now, we should step aside and avoid trading the index. We should wait for a clear sense of direction, which may be clear in the next couple of days.


The BANK NIFTY opened at 40473.85 with a gap up of 191 points. The index continued its early morning bullish momentum and started rising after recording its intraday low at 40341.95 in its initial trades. The index kept on rising throughout the day, recorded its intraday high at 40725.35, and finally dosed at 40703.45 with a gain of 421 points. PSU BANK outperformed today, saw a sharp intraday rally, and closed higher by 2.98%. PVT BANK has also moved up today and ended with a gain of 1.01% Within the index, in terms of points, SBIN contributed the highest on the upside while HDFC BANK contributed the lowest. The index bounced up from the support level and now heading toward the resistance level. This rally may be a beginning of a new up move or it’s just a relief rally, we have to wait for a couple


SBIN 536.70 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 537.45 with a stop loss of 534.70 and a target of 543.
CIPLA 899.60 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 898 with a stop loss of 904 and a target of 888.30.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ONGC 160 CE BUY 1.65 CMP 1.15 2.65 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RAIN.23.03 Mar 167.5 8.41 12.48 11574500 TVSMOTOR.23.03 Mar 1060.1 -2.01 3.82 5974500
NATIONALUM.23.03 Mar 83.15 5.79 2.34 51847500 BRITANNIA.23.03 Mar 4395.3 -1.9 0.89 1385600
HINDCOPPER.23.03 Mar 103.45 5.62 5.92 21456000 POWERGRID.23.03 Mar 219.65 -1.59 5.97 29041200
ABCAPITAL.23.03 Mar 153.1 4.58 6.01 32184000 ALKEM.23.03 Mar 3135.5 -1.58 4.85 475600
BHEL.23.03 Mar 73.1 4.5 2.66 74193000 PETRONET.23.03 Mar 221.45 -1.16 4.09 12213000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIENT.23.03 Mar 1584.35 15.28 -0.18 10930500
DELTACORP.23.03 Mar 196.7 4.38 -5.3 16646000
JINDALSTEL.23.03 Mar 575.95 4.17 -0.65 17961250
BANKBARODA.23.03 Mar 165.6 4.02 -1.78 104176800
INDIACEM.23.03 Mar 194.95 3.56 -0.68 14749400


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1496.05 Nifty50 17450.9 0.85 102885
Wipro Ltd 390.95 Niftybank 40698.15 1.07 102837
Reliance Industries Ltd 2343.9 Nifty it 30097.75 1.46 102837
Zee Entertain. 199.25 India Vix 12.99 -7.31 103392
Larsen & Toubro Limited 2115.3 Nifty Fmcg 45062.55 0.27 102837
Acc Limited 1769.45 Nifty Pharma 11764.6 0.15 102837
Itc Ltd. 378.7 Nifty Realty 397.75 1.16 102837
Hcl Technologies Ltd. 1101.1 Nifty Auto 12849.3 0.92 102834
Hindustan Unilever Ltd 2466.25 Nifty Metal 5477.7 3.96 102834
Tata Steel Limited 105.5 Nifty Financial Services 18100.3 0.62 102834


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD 3rd March, 2023

INR: Nikkei Services PMI (Feb) 3rd March, 2023

 USD: Initial Jobless Claims on 2nd March, 2023

USD: ISM Non-Manufacturing PMI (Feb) on 3rd March, 2023



  • Indian benchmark indices ended on positive note on March 1 with Nifty around 17,450. At close, the Sensex was up 448.96 points or 0.76% at 59,411.08, and the Nifty was up 146.90 points or 0.85% at 17,450.90. About 2396 shares have advanced, 1009 shares declined, and 129 shares are unchanged.

  • India’s Adani Group has told creditors it has secured $3 billion loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease concerns about its credit profile after a short-seller attack.

  • The government collected Rs 1.50 lakh crore as Goods and Services Tax (GST) in February, the finance ministry said on March 1. The GST collections for February fell from Rs 1.58 lakh crore in January, which were the second-highest monthly collection ever under the indirect tax regime which was introduced in July 2017.

  • Metal stocks, which have been on a declining trend for the past three months, are seeing a rebound on easing coking coal prices, lower Chinese production and better domestic prospects. The Nifty Metal index was the best performer among all sectoral indices on the NSE on March 1.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BCLIL Issue Of Warrants 02-Mar-23 VIVANZA General;Stock  Split 04-Mar-23
CGPOWER Interim Dividend 02-Mar-23 ANG Preferential Issue of shares;General 06-Mar-23
CREST General 02-Mar-23 BALGOPAL General 06-Mar-23
DECNGOLD General 02-Mar-23 BERYLSE General 06-Mar-23
FILATFASH General 02-Mar-23 INDAGIV Quarterly Results 06-Mar-23
HAPPSTMNDS General 02-Mar-23 NETTLINX Bonus issue;Interim Dividend 06-Mar-23
MCLOUD General 02-Mar-23 NIHARINF Preferential Issue of shares;General 06-Mar-23
MEHAI Right Issue of Equity Shares;Increase in Authorised Capital 02-Mar-23 SVPHOUSING General 06-Mar-23
SATIN General 02-Mar-23 BINDALEXPO General 07-Mar-23
SWORDEDGE General 02-Mar-23 PBGLOBAL General 08-Mar-23
JONJUA General 03-Mar-23 GOBLIN Preferential Issue of shares;General 09-Mar-23
ROSEMER Employees Stock Option Plan 03-Mar-23 IFL Bonus issue;General;Stock  Split 09-Mar-23
URJAGLOBA General 03-Mar-23 SRUSTEELS Bonus issue;Interim Dividend;Increase in Authorised Capital 10-Mar-23
VASCONEQ General 03-Mar-23 HUDCO Interim Dividend 14-Mar-23
J&KBANK General 04-Mar-23 QGO General 14-Mar-23
TAPARIA General;Interim Dividend;Increase in Authorised Capital 04-Mar-23 RADHIKAJWE Stock  Split 16-Mar-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
360ONE 02-Mar-23 Bonus issue 1:1 RHETAN 10-Mar-23 Bonus issue 11:4
360ONE 02-Mar-23 Stock  Split From Rs.2/- to Rs.1/- RHETAN 10-Mar-23 Stock  Split From Rs.10/- to Rs.1/-
ANDHRACEMT 03-Mar-23 Resolution Plan -Suspension ASTRAL 14-Mar-23 Bonus issue 1:3
CAPPIPES 03-Mar-23 Bonus issue 2:1 JUMBO 14-Mar-23 E.G.M.
CAPPIPES 03-Mar-23 Stock  Split From Rs.10/- to Rs.1/- ENBETRD 15-Mar-23 E.G.M.
HINDBIO 03-Mar-23 Reduction of Capital SHREESEC 16-Mar-23 Stock  Split From Rs.10/- to Rs.1/-
KSOLVES 03-Mar-23 Interim Dividend – Rs. – 3.0000 TAPARIA 16-Mar-23 Interim Dividend
RESPONIND 03-Mar-23 E.G.M. VIVANTA 17-Mar-23 Stock  Split From Rs.10/- to Rs.1/-
TMTIND-B1 03-Mar-23 E.G.M. SRUSTEELS 20-Mar-23 Interim Dividend
ZGOLDINV 03-Mar-23 E.G.M. HUDCO 21-Mar-23 Interim Dividend
FRASER 06-Mar-23 E.G.M. CRISIL 31-Mar-23 Final Dividend – Rs. – 23.0000
GUJTLRM 06-Mar-23 Stock  Split From Rs.10/- to Rs.1/- SCHAEFFLER 11-Apr-23 Final Dividend – Rs. – 24.0000
HGS 06-Mar-23 Buy Back of Shares HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000
HGS 06-Mar-23 Interim Dividend – Rs. – 2.5000 NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000
MPILCORPL 06-Mar-23 E.G.M. VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
MARICO 08-Mar-23 Interim Dividend – Rs. – 4.5000 ABB 27-Apr-23 Dividend – Rs. – 5.5000
RAMAPPR-B 08-Mar-23 E.G.M. KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
TRIVIKRAMA 08-Mar-23 E.G.M. SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
KPEL 10-Mar-23 Stock  Split From Rs.10/- to Rs.5/- SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000

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