The NIFTY opened at 17383.25 with a gap down of just 9 points. The index initially moved higher but failed to sustain at the higher levels and started drifting downwards. Prices recorded its intraday high at 17440.45 and saw a sharp intraday decline. The index went below 17300 to record its intraday low at 17255.20 and then saw a pullback. The recovery was slow and the index finally closed at 17303.95 with a loss of 88.75 points or 0.51% down. MEDIA outperformed today by closing with a gain of 2.46% followed by REALTY which ended with a gain of over 1%. PHARMA and OILGAS underperformed today and ended with a loss of over 1%. We are expecting either a relief rally or a brief consolidation here. Support is now visible around 17300. As of now, we should step aside and avoid trading the index as the chance of brief consolidation is higher.


The BANK NIFTY opened at 40302.70 with a gap down of just 53 points. The index initially started moving sideways from the opening tick inside a very tight narrow range. Prices recorded its intraday high at 40391.45 and saw a breakdown. The index moved down, recorded its intraday low at 40073, and bounced up. Prices have finally closed at 40282.85 near its opening tick with a loss of just 73 points. PVT and PSU BANK both indices have performed almost the same today saw an intraday rally and closed higher by 0.40% & 0.14% respectively Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AXIS BANK contributed the lowest. BANK NIFTY traded very narrow and choppy today. The index recorded a narrow range day and ended with a minor loss just above the 40000 mark. The trend is down. After a recent fall, we are expecting some kind of consolidation. That consolidation is going on. We will get a trading opportunity once prices break out one way or the other.


ULTRATECH CEM 7261.30 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought at 7285 with a stop loss of 7211 and a target of 7434.
BALKRISHNA IND 2014.35 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2007 with a stop loss of 2029 and a target of 1974.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIENT.23.03 Mar 1380 14.94 7.47 13823000 VEDL.23.03 Mar 269.9 -6.69 22.94 39524000
ZEEL.23.03 Mar 195.55 6.54 3.83 68085000 CIPLA.23.03 Mar 912.8 -4.53 23.91 11512150
ADANIPORTS.23.03 Mar 594.6 5.05 3.28 45970000 HINDALCO.23.03 Mar 402.25 -2.97 9.22 27652800
AMBUJACEM.23.03 Mar 344.8 3.81 2.13 61398000 ALKEM.23.03 Mar 3189.85 -2.86 4.49 497800
DIXON.23.03 Mar 2895.1 3.54 2.61 910750 JSWSTEEL.23.03 Mar 670.6 -2.1 2.3 24354000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
DELTACORP.23.03 Mar 188.8 3.17 -1.11 18158000 APOLLOHOSP.23.03 Mar 4421 -1.11 -0.15 1460875
CUB.23.03 Mar 138.8 2.13 -2.24 11790000 SBIN.23.03 Mar 526.45 -0.81 -0.26 84403500
RBLBANK.23.03 Mar 156.35 1.86 -2.02 23315000 FSL.23.03 Mar 113.4 -0.48 -0.64 16068000
JUBLFOOD.23.03 Mar 444.05 1.79 -0.89 14521250 HDFCLIFE.23.03 Mar 491.05 -0.19 -0.32 22704000
MCX.23.03 Mar 1412.3 1.68 -4.25 928400 ABFRL.23.03 Mar 231.4 -0.17 -0.11 20501000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1487.55 Nifty50 17303.95 -0.51 88044
Wipro Ltd 387.05 Niftybank 40269.05 -0.09 88050
Reliance Industries Ltd 2322.55 Nifty it 29663.95 -0.85 88050
Zee Entertain. 195.6 India Vix 14.02 1.01 88050
Larsen & Toubro Limited 2109.15 Nifty Fmcg 44940.45 -0.22 88050
Acc Limited 1731.7 Nifty Pharma 11747.1 -1.31 88050
Itc Ltd. 376.7 Nifty Realty 393.2 1.14 88050
Hcl Technologies Ltd. 1077.6 Nifty Auto 12731.8 0.45 88050
Hindustan Unilever Ltd 2460.65 Nifty Metal 5269.1 -0.84 88050
Tata Steel Limited 103.95 Nifty Financial Services 17989.65 -0.07 88050


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

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

 USD: ISM Manufacturing PMI (Feb) on 1st March, 2023

USD: Crude Oil Inventories on 1st March, 2023


  • Benchmark indices ended on negative note in the volatile session on February 28 with Nifty around 17,300. At Close, the Sensex was down 326.23 points or 0.55% at 58,962.12, and the Nifty was down 88.70 points or 0.51% at 17,304. About 1683 shares have advanced, 1677 shares declined, and 130 shares are unchanged.

  • The central government’s fiscal deficit for the first 10 months of 2022-23 widened to Rs 11.91 lakh crore, data released on February 28 by the Controller General of Accounts showed. At Rs 11.91 lakh crore, the fiscal deficit for April 2022-January 2023 accounts for 67.8 percent of the full-year target for 2022-23.

  • State bank of India (SBI) on February 28 announced the completion of a $1-billion Syndicated Social Loan Facility. The loan was $500 million with a greenshoe of $500 million.

  • Shareholders of mortgage lending major Housing Development Finance Corporation (HDFC) have given their nod to the amalgamation of HDFC Ltd. and HDFC Bank, the company said in a communique to National Company Law Tribunal (NCLT).

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AADHAARVEN Increase in Authorised Capital 01-Mar-23 SWORDEDGE General 02-Mar-23
BHARATAGRI Quarterly Results 01-Mar-23 JONJUA General 03-Mar-23
BLSINFOTE General 01-Mar-23 ROSEMER Employees Stock Option Plan 03-Mar-23
EFCIL Preferential Issue of shares;General 01-Mar-23 URJAGLOBA General 03-Mar-23
GUJCMDS General 01-Mar-23 VASCONEQ General 03-Mar-23
LEX General 01-Mar-23 J&KBANK General 04-Mar-23
SARDAPPR General 01-Mar-23 TAPARIA General;Interim Dividend;Increase in Authorised Capital 04-Mar-23
SURYAKR General 01-Mar-23 VIVANZA General;Stock  Split 04-Mar-23
VLSFINANCE* General 01-Mar-23 ANG Preferential Issue of shares;General 06-Mar-23
BCLIL Issue Of Warrants 02-Mar-23 BALGOPAL General 06-Mar-23
CGPOWER Interim Dividend 02-Mar-23 NETTLINX Bonus issue;Interim Dividend 06-Mar-23
CREST General 02-Mar-23 NIHARINF Preferential Issue of shares;General 06-Mar-23
DECNGOLD General 02-Mar-23 SVPHOUSING General 06-Mar-23
FILATFASH General 02-Mar-23 GOBLIN Preferential Issue of shares;General 09-Mar-23
MCLOUD General 02-Mar-23 IFL Bonus issue;General;Stock  Split 09-Mar-23
MEHAI Right Issue of Equity Shares;Increase in Authorised Capital 02-Mar-23 SRUSTEELS Bonus issue;Interim Dividend;Increase in Authorised Capital 10-Mar-23
SATIN General 02-Mar-23 QGO General 14-Mar-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
JAYANT 01-Mar-23 Bonus issue 2:1 TRIVIKRAMA 08-Mar-23 E.G.M.
MASTERTR 01-Mar-23 E.G.M. KPEL 10-Mar-23 Stock  Split From Rs.10/- to Rs.5/-
UJJIVANSFB 01-Mar-23 Interim Dividend – Rs. – 0.7500 RHETAN 10-Mar-23 Bonus issue 11:4
360ONE 02-Mar-23 Bonus issue 1:1 RHETAN 10-Mar-23 Stock  Split From Rs.10/- to Rs.1/-
360ONE 02-Mar-23 Stock  Split From Rs.2/- to Rs.1/- 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. CRISIL 31-Mar-23 Final Dividend – Rs. – 23.0000
FRASER 06-Mar-23 E.G.M. SCHAEFFLER 11-Apr-23 Final Dividend – Rs. – 24.0000
GUJTLRM 06-Mar-23 Stock  Split From Rs.10/- to Rs.1/- HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000
HGS 06-Mar-23 Buy Back of Shares NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000
HGS 06-Mar-23 Interim Dividend – Rs. – 2.5000 ABB 27-Apr-23 Dividend – Rs. – 5.5000
MPILCORPL 06-Mar-23 E.G.M. KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
MARICO 08-Mar-23 Interim Dividend – Rs. – 4.5000 SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
RAMAPPR-B 08-Mar-23 E.G.M. SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000

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