The NIFTY opened at 17731.45 with a gap up of 83 points. The index initially moved lower towards 17500 support but soon found intraday support and bounced up. Prices recorded its intraday low at 17537.55 in the first hour of trading and then saw an upside move that lasted till the end. However, the index could not cross above the early morning highs at 17735.70 which was also the intraday high. The index finally closed at 17662.15 with a gain of just 13.20 points or 0.07% up. MEDIA outperformed today by ending over 2% gains followed by METAL and AUTO which gains over 1% OIL GAS underperformed today and ended lower by more than 1% followed by IT and PHARMA. Prices have been holding it so far. The short-term trend is down. It will be sideways if the index closes above 17800. We are in a news-driven environment. These support and resistance levels have less value. The INDIA VIX, a benchmark index for volatility has seen a decline today but still trading around level 17 which is moderately high. We may see an increase in it tomorrow morning. We will plan our trades after the budget. Till then avoid trading the index.


The NIFTY opened at 40563.85 with a gap up of 96 points. The index initially went down, filled the gap and soon found support. Prices have bounced up after recording its intraday low at 40167.70 and rallied sharply. The index kept on rising for the rest of the day and finally closed at 40759.60 with a gain of 292 points. PSU BANK has outperformed today, saw a sharp intraday rally, and closed higher by 4.28%. PVT BANK has also moved up today but ended with a gain of just 0.41%. Within the index, in terms of points, SBIN contributed the highest on the upside while HDFC BANK contributed the lowest. As mentioned yesterday, “Support is visible around 39500 while resistance is visible around 41000. These support and resistance levels have no value in the current environment since we have two big news events lined up in this week. One is Union Budget 2023 and another is FOMC Meeting. The short-term trend is still down and it will be sideways once the index closed above 41000 resistance. The volatility may increase tomorrow. It is wise to stay away from the market in such an environment. We should trade after the news event


BHEL 78.40 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought above 78.80 with a stop loss of 77.60 and a target of 80.70.
DIVIS LAB 3315.30 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 3308.90 with a stop loss of 3328.85 and a target of 3268.75.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SUN PHARMA   1070 CE SELL 12.95 BELOW 10.35 14.20 4.60 BREAKDOWN


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BEL.23.02 Feb 95.35 7.26 1.86 107752800 LAURUSLABS.23.02 Feb 333.5 -2.88 7.36 9761400
BANKBARODA.2302Feb 169.45 5.94 2.75 107154450 TECHM.23.02 Feb 1022 -2.09 4.16 12568200
SHREECEM.23.02 Feb 23733 5.83 0.37 294750 TCS.23.02 Feb 3384.6 -2.06 4.25 10320625
RECLTD.23.02 Feb 122.7 5.78 7.77 56792000 BAJFINANCE.23.02 Feb 5935 -2.04 4.48 6159500
CANFINHOME.2302Feb 574.1 5.64 15.03 3769350 WHIRLPOOL.23.02 Feb 1399.4 -1.72 39.09 1012550
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CHAMBLFERT.23.02Feb 312.55 7.98 -2.46 6010500 ABBOTINDIA.23.02 Feb 21055.05 -0.47 -1.65 38160
BHEL.23.02 Feb 79.1 6.39 -3.32 82887000 MFSL.23.02 Feb 831.3 -0.75 -0.3 3432650
PNB.23.02 Feb 54.15 6.07 -1.32 223072000 COFORGE.23.02 Feb 4352.3 -0.96 -6.46 901500
IDEA.23.02 Feb 7.15 5.15 -1.26 550130000
TATAPOWER.23.02 Feb 214.75 4.53 -1.53 100335375


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Shriram Finance Limited 1286.6 3.44 1210700 0 82.41 Nifty50 17662.15 0.07 87102
Piind 2997.35 1.74 437101 0 79.2 Niftybank 40655.05 0.66 87108
Max Financial Services l 835.65 0.13 1018073 0 78.9 Nifty it 29740.35 -1.18 87108
Hcl Technologies Ltd. 1122.2 -1.11 4582858 0 74.97 India Vix 16.88 -4.69 87105
Balkrishna Ind. Ltd 2221.3 2.16 239814 0 73.78 Nifty Fmcg 44456.9 0.53 87108
Maruti Suzuki India Ltd 8895.3 0.89 643670 0 73.69 Nifty Pharma 12360.25 -0.99 87108
Ipca Laboratories Ltd. 849.85 -1 174004 0 72.96 Nifty Realty 411.55 1.12 87108
Kotak Mahindra Bank Limi 1731 0.28 4385384 0 72.02 Nifty Auto 13323.9 1.89 87111
Power Grid Corporation o 216.65 2.27 15748160 0 71.71 Nifty Metal 6468.4 1.52 87111
Reliance Industries Ltd 2353.85 -0.25 10472167 0 71.06 Nifty Financial Services 18095 0.02 87111


   Domestic                                                                                                                                                  International
INR: Nikkei S&P Global Manufacturing PMI (Jan) on 1st  February, 2023

INR: Union Budget 2023-24 on 1st  February, 2023

 USD: ISM Manufacturing PMI (Jan) on 1st  February, 2023

USD: Crude Oil Inventories on 1st  February, 2023


  • Benchmark indices ended on positive note in yet another volatile session on January 31.At Close, the Sensex was up 49.49 points or 0.08% at 59,549.90, and the Nifty was up 13.20 points or 0.07% at 17,662.20. About 2368 shares have advanced, 1026 shares declined, and 131 shares are unchanged.
  • Follow-On Public Offering (FPO) of Adani Enterprises had got bids for 50.85 million shares against an offer size of 45.5 million shares, representing a 1.12 times subscription on January 31, the third and final day of bidding.
  • The Union government’s debt-to-GDP ratio has increased only modestly over the last 15 years, while that of other countries has increased substantially over the same period, according to the Economic Survey 2022-2023.
  • Sun Pharmaceutical Industries on January 31 recorded a 5 percent YoY growth in consolidated profit of Rs 2,166 crore for the quarter ended December 31, 2022, as against Rs 2,059 crore a year back. However, the net profit was down 4 percent against Rs 2,262 crore reported in the September quarter.
Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AJANTPHARM Quarterly Results 01-Feb-23 MERCTRD Quarterly Results 01-Feb-23
AMARJOTHI Quarterly Results 01-Feb-23 MUDUNURU Quarterly Results 01-Feb-23
APLLTD General;Quarterly Results 01-Feb-23 NELCAST Quarterly Results 01-Feb-23
AROGRANITE Quarterly Results 01-Feb-23 OASISEC Quarterly Results 01-Feb-23
ARTEMISMED Quarterly Results 01-Feb-23 OISL General;Quarterly Results 01-Feb-23
ASHOKLEY Quarterly Results 01-Feb-23 PHCAP Interim Dividend;Quarterly Results 01-Feb-23
BANDARAM Quarterly Results 01-Feb-23 PRSMJOHNSN Quarterly Results 01-Feb-23
BHAGIL General;Quarterly Results 01-Feb-23 RAMCOSYS General;Quarterly Results 01-Feb-23
BIJHANS Quarterly Results;General 01-Feb-23 RAYMOND Quarterly Results 01-Feb-23
BRITANNIA Quarterly Results 01-Feb-23 RDBRIL Quarterly Results 01-Feb-23
CAMEXLTD Quarterly Results 01-Feb-23 RDBRL General;Quarterly Results 01-Feb-23
CFEL General;Quarterly Results 01-Feb-23 REDINGTON Quarterly Results 01-Feb-23
CITL Quarterly Results 01-Feb-23 RELTD Quarterly Results 01-Feb-23
ENIL General;Quarterly Results 01-Feb-23 RICHUNV Quarterly Results 01-Feb-23
GFLLIMITED Quarterly Results 01-Feb-23 RPGLIFE Quarterly Results 01-Feb-23
GILLETTE Interim Dividend;Quarterly Results 01-Feb-23 RSSOFTWARE Quarterly Results;Audited Results 01-Feb-23
GUJCOTEX Quarterly Results 01-Feb-23 SADHNA Quarterly Results 01-Feb-23
HARIGOV Quarterly Results 01-Feb-23 SANTETX Quarterly Results 01-Feb-23
HGIND Quarterly Results 01-Feb-23 STERTOOLS Quarterly Results 01-Feb-23
HINDCOPPER Quarterly Results 01-Feb-23 SUCROSA Quarterly Results 01-Feb-23
HYBRIDFIN Quarterly Results 01-Feb-23 SUMMITSEC Quarterly Results 01-Feb-23
IDFC Interim Dividend;Quarterly Results 01-Feb-23 SUNDRMFAST Quarterly Results 01-Feb-23
INDCEMCAP Quarterly Results 01-Feb-23 SURANASOL Quarterly Results 01-Feb-23
INTEGRAEN Quarterly Results 01-Feb-23 TATACHEM Quarterly Results 01-Feb-23
JAYATMA General;Quarterly Results 01-Feb-23 TIHIL Quarterly Results 01-Feb-23
JINDCAP Quarterly Results 01-Feb-23 TILAK Quarterly Results 01-Feb-23
JUBLFOOD General;Quarterly Results 01-Feb-23 TIMKEN Quarterly Results 01-Feb-23
KAYA Quarterly Results 01-Feb-23 TTIL Issue Of Warrants 01-Feb-23
KRIFILIND Quarterly Results 01-Feb-23 UTIAMC General;Quarterly Results 01-Feb-23
LAXMIMACH Quarterly Results 01-Feb-23 WHIRLPOOL Quarterly Results 01-Feb-23
MAHLOG General;Quarterly Results 01-Feb-23 WORL Quarterly Results 01-Feb-23
MASFIN Interim Dividend;General;Quarterly Results 01-Feb-23 YOGI Quarterly Results 01-Feb-23
MEDINOV General;Quarterly Results 01-Feb-23 ZFCVINDIA Quarterly Results 01-Feb-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ACGL 01-Feb-23 Interim Dividend – Rs. – 2.5000 ZENSARTECH 03-Feb-23 Interim Dividend – Rs. – 1.5000
DCMSHRIRAM 01-Feb-23 Interim Dividend – Rs. – 5.8000 CONCOR 06-Feb-23 Interim Dividend – Rs. – 4.0000
MASTEK 01-Feb-23 Interim Dividend – Rs. – 7.0000 MINDSPACE 06-Feb-23 Income Distribution RITES
MFL 01-Feb-23 Interim Dividend – Rs. – 2.5000 SIYSIL 06-Feb-23 Interim Dividend – Rs. – 3.0000
THANGAMAYL 01-Feb-23 Interim Dividend – Rs. – 6.0000 SONACOMS 06-Feb-23 Interim Dividend – Rs. – 1.2800
ZENITHEXPO 01-Feb-23 E.G.M. APCOTEXIND 07-Feb-23 Interim Dividend – Rs. – 2.0000
ACCELYA 02-Feb-23 Interim Dividend – Rs. – 35.0000 EDVENSWA 07-Feb-23 Right Issue of Equity Shares
SAREGAMA 02-Feb-23 Interim Dividend – Rs. – 3.0000 IGL 07-Feb-23 Interim Dividend – Rs. – 3.0000
SHUKRAPHAR 02-Feb-23 Right Issue of Equity Shares IIFL 07-Feb-23 Interim Dividend – Rs. – 4.0000
SPRAYKING 02-Feb-23 Right Issue of Equity Shares KIRLPNU 07-Feb-23 Interim Dividend – Rs. – 2.5000
TANAA 02-Feb-23 Interim Dividend – Rs. – 2.0000 KPEL 07-Feb-23 Interim Dividend – Rs. – 0.2500
TVSMOTOR 02-Feb-23 Interim Dividend – Rs. – 5.0000 ROUTE 07-Feb-23 Interim Dividend – Rs. – 6.0000
VIPIND 02-Feb-23 Interim Dividend – Rs. – 2.0000 SHARDACROP 07-Feb-23 Interim Dividend – Rs. – 3.0000
COFORGE 03-Feb-23 Interim Dividend – Rs. – 19.0000 SRF 07-Feb-23 Interim Dividend – Rs. – 3.6000
CONTROLPR 03-Feb-23 Interim Dividend – Rs. – 4.0000 TCI 07-Feb-23 Interim Dividend – Rs. – 2.5000
EMBASSY 03-Feb-23 Income Distribution RITES AARTIDRUGS 08-Feb-23 Interim Dividend – Rs. – 1.0000
EQUITAS 03-Feb-23 Amalgamation ANURAS 08-Feb-23 Interim Dividend – Rs. – 0.6000
IIFLSEC 03-Feb-23 Interim Dividend – Rs. – 3.0000 COALINDIA 08-Feb-23 Interim Dividend
KEI 03-Feb-23 Interim Dividend – Rs. – 3.0000 HIL 08-Feb-23 Interim Dividend – Rs. – 20.0000
MOTILALOFS 03-Feb-23 Interim Dividend – Rs. – 7.0000 KAJARIACER 08-Feb-23 Interim Dividend – Rs. – 6.0000
NTPC 03-Feb-23 Interim Dividend – Rs. – 4.2500 MOIL 08-Feb-23 Interim Dividend
SGRL 03-Feb-23 Right Issue of Equity Shares PGHH 08-Feb-23 Interim Dividend
STEELCAS 03-Feb-23 Interim Dividend – Rs. – 1.8000 POWERGRID 08-Feb-23 Interim Dividend
SUNCLAYLTD 03-Feb-23 Interim Dividend – Rs. – 59.0000 RADIANTCMS 08-Feb-23 Interim Dividend – Rs. – 1.0000
TORNTPHARM 03-Feb-23 Interim Dividend – Rs. – 14.0000 RAILTEL 08-Feb-23 Interim Dividend
VAIBHAVGBL 03-Feb-23 Interim Dividend – Rs. – 1.5000 SHANTIGEAR 08-Feb-23 Interim Dividend – Rs. – 3.0000
VEDL 03-Feb-23 Interim Dividend – Rs. – 12.5000 SUNPHARMA 08-Feb-23 Interim Dividend

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