Nifty Ended Almost On A Flat Note; A Gap-Up Opening Did Not Sustain

COMPANY NAME	CMP	B/S	RATIONALE
VOLTAS	895.80	BUY	The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at 898.25 with a stop loss of 890 and a target of 911.55.
TCS	3451	SELL	The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 3444 with a stop loss of 3470.50 and a target of 3401.

DERIVATIVE PICKS

TOP DELIVERY PERCENTAGE

UPCOMING ECONOMIC DATA

Domestic                                                                                                                                                  International
INR: Deposit Growth 24th February, 2023 INR: GDP Quarterly (YoY) (Q3) 28th February, 2023	USD: GDP (QoQ) (Q4) on 23rd  February, 2023 USD: Initial Jobless Claims on 23rd  February, 2023

NEWS UPDATES

• Benchmark indices ended marginally lower in the volatile session on February 21. At Close, the Sensex was down 18.82 points or 0.03% at 60,672.72, and the Nifty was down 17.90 points or 0.10% at 17,826.70. About 1432 shares have advanced, 1939 shares declined, and 138 shares are unchanged.

• Minda Corp will be a minority shareholder in Pricol with no special rights as said by Akash Minda. The shares in Pricol are purchased solely for the investment of the surplus funds available with the company, he added.

• In what is likely to escalate geopolitical tensions amid the ongoing war in Ukraine, Russian President Vladimir Putin on February 21 vowed to conduct nuclear tests if the United States decides to do so.

• Power stocks surged on February 21 morning after the power ministry invoked an emergency clause of the Electricity Act and directed all imported coal-based (ICB) power plants to be operated at full capacity in the upcoming months as the country braces for higher demand in the summer.

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

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