The NIFTY opened at 17160.55 without much of a gap. Initially, the index moved down but quickly turned around and saw an up move which faced resistance just above 17200. The index recorded its intraday high at 17224.65 and started drifting downwards. Prices have seen a sharp decline, then an upside surge, and then a decline that took the index below the 17000 mark. Prices have recorded its intraday low at 16987.10 and spent the rest of the day moving narrow and sideways. The index finally dosed at 17043.30 with a loss of 111 points or 0.65% down. All the sectoral indices have moved down today and closed lower except MEDIA and PHARMA. The IT, METAL, and REALTY led the bears today and ended with a loss of over 1% followed by AUTO and OIL GAS. The short-term trend is down. The index is making a classical pattern of lower highs and lower lows on the daily timeframe chart. As mentioned before, the first sign of a trend reversal will come when the index crosses above the previous swing low of around 17250. A strong support zone is visible around the 16800-17000 ranges, Resistance is visible around the 17250-17300 range. We should look for a trading opportunity on an intraday basis.


The BANK NIFTY opened at 39522.40 with a gap down of 105 points. The index initially moved lower, turned up quickly, and recorded its intraday high at 39768.50. Prices have moved down very sharply, found support around 39000, and turned up after recording its intraday low at 39132.60. Prices have spent the rest of the day within these two levels and finally closed at 39481.30 with a loss of 146 points. PSU BANK has underperformed today and ended lower by 1.90%. PVT BANK have also moved down today and closed lower by 0.41%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while KOTAK BANK contributed the least. The trend is down. In the last four trading days, prices have seen a down move of more than 2000 points and broke down a wide trading range inside 39800-41800 levels. The first sign of a reversal may emerge when the index doses above the 40000 mark. For the time being, we should avoid taking carry-forward trade and shift our focus to intraday trading only.


DEEPAK NITRITE 1831.35 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1835 with a stop loss of 1819 and a target of 1864.
ONGC 153.30 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 153 with a stop loss of 153.95 and a target of 151.20.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BPCL 325 PE SELL 4.30 CMP 5.20 2.90 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GMRINFRA.23.03 Mar 39.75 2.45 0.2 115470000 ADANIENT.23.03 Mar 1735 -7.81 6.45 9782000
M&MFIN.23.03 Mar 243.25 2.25 1.5 26172000 BANDHANBNK.23.03 Mar 207.55 -4.99 7.14 43556400
ZEEL.23.03 Mar 193.45 2.19 0.35 69807000 INTELLECT.23.03 Mar 403.7 -4.79 14.63 4896000
MCDOWELL-N.23.03 Mar 771.95 2.15 1.06 13645625 COFORGE.23.03 Mar 3917.95 -4.15 11.7 910800
TRENT.23.03 Mar 1353.5 2.08 3.63 3674000 AMBUJACEM.23.03 Mar 354.85 -4.02 3.24 66328200
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PVR.23.03 Mar 1538.35 2.55 -1.94 2264955 BALRAMCHIN.23.03 Mar 394.5 -1.79 -2.55 6428800
NMDC.23.03 Mar 116.5 1.66 -0.47 51889500 TECHM.23.03 Mar 1121.3 -1.46 -0.85 12381600
CONCOR.23.03 Mar 590.85 1.65 -0.28 9654000 FSL.23.03 Mar 112.35 -1.36 -3.29 13915200
RAIN.23.03 Mar 160.05 1.36 -1.29 11231500 PFC.23.03 Mar 161.8 -1.28 -0.35 56358000
CHAMBLFERT.23.03 Mar 279 1.33 -1.89 4527000 HCLTECH.23.03 Mar 1089.5 -1.26 -1.39 11228700


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dabur India Ltd. 526.5 0.56 838398 1050276 74.54 Nifty50 17043.3 -0.65 98592
Godrej Cons Products Ltd 914.8 -0.06 754635 646467 74.53 Niftybank 39411.4 -0.39 98523
Astral Limited 1390.2 -1.6 596155 756177 74.38 Nifty it 28784.7 -1.65 98523
United Spirits Limited 768.35 1.85 2025278 1261249 73.36 India Vix 16.22 -0.02 103374
Marico Limited 485.25 -1.12 2082796 934657 72.68 Nifty Fmcg 44714.95 -0.53 98523
Maruti Suzuki India Ltd 8512.15 -0.07 349510 347704 72.54 Nifty Pharma 11597.95 0.01 98523
Max Financial Services l 654.95 1.18 688132 1087410 72.47 Nifty Realty 386.3 -1.01 98523
Berger Paints (i) Ltd 581.6 0.27 565905 612215 71.73 Nifty Auto 12345.55 -0.89 98523
Britannia Ind Ltd. 4292.95 -0.34 197998 201512 71.29 Nifty Metal 5517.35 -1.22 98523
Bharti Airtel Limited 771.8 0.85 3753502 2415924 70.07 Nifty Financial Services 17545.75 -0.51 98523


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD 17th March, 2023

INR: Infrastructure Output (YoY) (Feb) 31st March, 2023

 USD: Crude Oil Inventories on 15th March, 2023

USD: Retail Sales (MoM) (Feb) on 15th March, 2023


  • Indian benchmark indices ended lower for the fourth consecutive session on March 14 with Nifty around 17,050. At close, the Sensex was down 337.66 points or 0.58% at 57,900.19, and the Nifty was down 111.00 points or 0.65% at 17,043.30. About 1173 shares advanced, 2257 shares declined, and 109 shares unchanged

  • The share price of Cipla hit a fresh 52-week low at Rs 858.15 apiece, shedding around 2.5 percent, on Tuesday after the company reportedly came under the lens of the income-tax department over potential tax violation and tax avoidance, according to a CNBC-TV18 report.

  • India’s Wholesale Price Index (WPI) cooled down in February for the ninth consecutive month to 3.85 percent. Reduction in the prices of manufactured goods, fuel, and power drove lower wholesale price inflation, according to data released by the Ministry of Commerce & Industry.

  • Shares of Exxaro Tiles tumbled over 1 percent to Rs 111.25 on Tuesday after the company said the GST department conducted a search operation at its Vadodara-based plant on March 13.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
CAPPIPES General 15-Mar-23 TRL General;Issue Of Warrants 16-Mar-23
GOBLIN Preferential Issue of shares;General;Increase in Authorised Capital 15-Mar-23 VIRATCRA Quarterly Results 16-Mar-23
JMJFIN General 15-Mar-23 ADCON General 17-Mar-23
LYKALABS Preferential Issue of shares;General;Issue Of Warrants 15-Mar-23 BEL Interim Dividend 17-Mar-23
MIDHANI Interim Dividend 15-Mar-23 FIBERWEB General 17-Mar-23
MKVENTURES Right Issue of Equity Shares 15-Mar-23 GAL Preferential Issue of shares;General;Issue Of Warrants 17-Mar-23
RLF General 15-Mar-23 GCMCAPI General 17-Mar-23
SERA Stock  Split;General 15-Mar-23 GCMCOMM General 17-Mar-23
ABHIJIT Rights Issue 16-Mar-23 GCMSECU General 17-Mar-23
ABSLAMC Interim Dividend 16-Mar-23 GLOBALCA General 17-Mar-23
BCONCEPTS Employees Stock Option Plan;Interim Dividend;General 16-Mar-23 GREENCREST General 17-Mar-23
CASPIAN Preferential Issue of shares;General 16-Mar-23 JACKSON General 17-Mar-23
GLS Interim Dividend 16-Mar-23 JMDVL General 17-Mar-23
KMSMEDI General 16-Mar-23 KENVI Stock  Split 17-Mar-23
KRRAIL Issue Of Warrants 16-Mar-23 KHOOBSURAT General 17-Mar-23
RADHIKAJWE Stock  Split 16-Mar-23 NCLRESE General 17-Mar-23
SAIL Interim Dividend 16-Mar-23 PRIMECAPM General 17-Mar-23
SAMRATPH General 16-Mar-23 PSITINFRA General 17-Mar-23
SCL Rights Issue;General 16-Mar-23 RHETAN General 17-Mar-23
SKCIL Preferential Issue of shares;Increase in Authorised Capital;Issue Of Warrants 16-Mar-23 RISHYRN General 17-Mar-23
SPRAYKING Bonus issue;General 16-Mar-23 SILVERPRL General 17-Mar-23
STYRENIX Interim Dividend 16-Mar-23 TUNITEX General 17-Mar-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ALLCARGO 15-Mar-23 Interim Dividend – Rs. – 3.2500 HUDCO 21-Mar-23 Interim Dividend
CGPOWER 15-Mar-23 Interim Dividend – Rs. – 1.5000 KAMAHOLD 21-Mar-23 Interim Dividend – Rs. – 84.0000
DICIND 15-Mar-23 Dividend – Rs. – 2.0000 KDDL 21-Mar-23 Interim Dividend – Rs. – 2.0000
DRONACHRYA 15-Mar-23 E.G.M. NATIONALUM 21-Mar-23 Interim Dividend – Rs. – 2.5000
ENBETRD 15-Mar-23 E.G.M. PODARPIGQ 21-Mar-23 Interim Dividend
MEDICO 16-Mar-23 Stock  Split From Rs.10/- to Rs.2/- STANCAP 21-Mar-23 E.G.M.
SBILIFE 16-Mar-23 Interim Dividend – Rs. – 2.5000 SUNTV 21-Mar-23 Interim Dividend – Rs. – 2.5000
TAPARIA 16-Mar-23 Interim Dividend – Rs. – 77.5000 MIDHANI 23-Mar-23 Interim Dividend
TINEAGRO 16-Mar-23 Reduction of Capital ABSLAMC 24-Mar-23 Interim Dividend
BI 17-Mar-23 E.G.M. AJANTPHARM 24-Mar-23 Buy Back of Shares
CAPRIHANS 17-Mar-23 E.G.M. BEL 24-Mar-23 Interim Dividend
HITECH 17-Mar-23 Stock  Split From Rs.10/- to Rs.1/- SAIL 24-Mar-23 Interim Dividend
NETTLINX 17-Mar-23 Interim Dividend – Rs. – 0.4000 STYRENIX 24-Mar-23 Interim Dividend
ROJL 17-Mar-23 Stock  Split From Rs.10/- to Rs.2/- VIVANZA 24-Mar-23 Stock  Split From Rs.10/- to Rs.1/-
TCMLMTD 17-Mar-23 E.G.M. VKAL 24-Mar-23 E.G.M.
VIVANTA 17-Mar-23 Stock  Split From Rs.10/- to Rs.1/- CRISIL 31-Mar-23 Final Dividend – Rs. – 23.0000
CSL 20-Mar-23 Stock  Split From Rs.10/- to Rs.2/- SCHAEFFLER 11-Apr-23 Final Dividend – Rs. – 24.0000
GLOBALCA 20-Mar-23 Bonus issue 1:1 HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000
GLOBALCA 20-Mar-23 Stock  Split From Rs.10/- to Rs.1/- NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000
HAL 20-Mar-23 Interim Dividend – Rs. – 20.0000 VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
SRUSTEELS 20-Mar-23 Interim Dividend – Rs. – 0.1000 ABB 27-Apr-23 Dividend – Rs. – 5.5000
UJJIVAN 20-Mar-23 Interim Dividend – Rs. – 5.0000 KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
AGIIL 21-Mar-23 Interim Dividend – Rs. – 1.0000 SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
GAIL 21-Mar-23 Interim Dividend – Rs. – 4.0000 SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000

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