the NIFTY opened at 17905.80 with a gap up of 61 points. The index did not sustain at the higher levels and started drifting downwards from the opening tick to fill the gap. Prices have bounced up and rallied higher to record its intraday high at 17924.90 and then again moved down and broke down its early morning lows. Prices have again bounced up. The rally failed quickly and the index moved down again to record its intraday low at 17800.30. Prices have finally closed at 17826.70 with a loss of just 17.90 points or 0.10% down. All the sectoral indices have seen a downward move today except FINANCIAL and FMCG as they ended with minor gains. REALTY led the bears. It was a volatile day today where prices have seen a sharp intraday movement on both sides of the market. We should look for shorting opportunities only as far as prices are trading below 17900. Resistance is visible around 18100.


The BANK NIFTY opened at 40784.90 with a gap up of just 77 points, Prices have initially gone down and then found support quickly. The index recorded its intraday low at 40508.25 and then rallied higher. Prices started facing resistance above 40900 and form a trading range that eventually broke on the downside. The index recorded its intraday high at 40946.20 and spend the rest of the day within these two high & low levels. Prices have finally closed at 40696.05 with a loss of just 11 points. PSU BANK has underperformed today, saw a sharp intraday decline, and closed lower by 1.79%. PVT BANK has moved sideways today and ended with a loss of just 0.07% Within the index, in terms of points, HDFC BANK contributed the highest on the upside while BANK BARODA contributed the least. After three days of trend day, the index moved volatile today within a range and ended on a flat note. The short-term trend is down. We should look for shorting opportunities only as far as prices are trading below 41000.


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.


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
IEX.23.02 Feb 144.45 4.45 0.17 28121250 BANKBARODA.23.02 Feb 160.1 -2.67 0.09 82344600
NTPC.23.02 Feb 173.15 2.91 22.75 52650900 BANDHANBNK.23.02 Feb 229.7 -2.61 10.33 29073600
SIEMENS.23.02 Feb 3290 2.69 16.94 1455850 MANAPPURAM.23.02 Feb 105.15 -2.37 3.79 33540000
MARICO.23.02 Feb 500.45 2.12 19.3 5972400 IPCALAB.23.02 Feb 814.85 -2.21 3.05 1405950
TORNTPOWER.23.02 Feb 519.75 1.51 4.77 2538000 Shriram Finance Limited. 1214.2 -1.9 4.36 3305400
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ASTRAL.23.02 Feb 1943.55 2.36 -13.8 1097250 ABFRL.23.02 Feb 247.05 -4.58 -12 10566400
VOLTAS.23.02 Feb 894.5 2.36 -22.4 2776800 ADANIENT.23.02 Feb 1564 -3.74 -9.46 4706250
TATAPOWER.23.02 Feb 207.6 1.96 -10.05 71337375 CANBK.23.02 Feb 279.65 -3.29 -5.23 28447200
SYNGENE.23.02 Feb 575.1 1.9 -2.55 2252000 CONCOR.23.02 Feb 594.8 -2.43 -4.15 7066000
PFC.23.02 Feb 149.95 1.83 -5.1 38737600 HINDPETRO.23.02 Feb 225.7 -2.34 -24.9 8980200


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1579.5 Nifty50 17826.7 -0.1 104190
Wipro Ltd 402.75 Niftybank 40673.6 -0.07 104124
Reliance Industries Ltd 2434.1 Nifty it 30947.25 -0.88 104124
Zee Entertain. 210.65 India Vix 14.01 4.69 104412
Larsen & Toubro Limited 2229.45 Nifty Fmcg 45551.95 0.11 104127
Acc Limited 1828.4 Nifty Pharma 12019.5 -0.3 104127
Itc Ltd. 382.25 Nifty Realty 396.05 -1.2 104127
Hcl Technologies Ltd. 1105.2 Nifty Auto 13148.75 -0.22 104127
Hindustan Unilever Ltd 2516.15 Nifty Metal 5744.15 -0.33 104127
Tata Steel Limited 113.15 Nifty Financial Services 18262.45 0.05 104127


   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


  • 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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
GOLDLEG Quarterly Results 22-Feb-23 VKAL Preferential Issue of shares 23-Feb-23
HATSUN General 22-Feb-23 VLSFINANCE* General 23-Feb-23
INTENTECH General 22-Feb-23 AJEL General 24-Feb-23
JLMORI Voluntary Delisting of Shares 22-Feb-23 BCCL General 24-Feb-23
KSOLVES Interim Dividend 22-Feb-23 ECOM General 24-Feb-23
MAGNUM General 22-Feb-23 ENERGYDEV General 24-Feb-23
MAHINDCIE Audited Results;Final Dividend 22-Feb-23 SPICEJET Quarterly Results 24-Feb-23
NINSYS General 22-Feb-23 SRSOLTD General 24-Feb-23
SHAREINDIA Right Issue of Equity Shares with Warrants 22-Feb-23 USHDI Quarterly Results 24-Feb-23
VISAKAIND Stock  Split 22-Feb-23 FIVESTAR General 25-Feb-23
ENBETRD Increase in Authorised Capital 23-Feb-23 NVENTURES Issue Of Warrants;General;Preferential Issue of shares 25-Feb-23
ENKEIWHEL Audited Results 23-Feb-23 MARICO Interim Dividend 27-Feb-23
KLBRENG-B Issue Of Warrants 23-Feb-23 NAVODAYENT Increase in Authorised Capital 27-Feb-23
KSB Audited Results;Final Dividend 23-Feb-23 RAIN Audited Results 27-Feb-23
MESCON Quarterly Results 23-Feb-23 STRLGUA General 27-Feb-23
MOTOGENFIN General 23-Feb-23 INDLEASE General 28-Feb-23
QRIL Preferential Issue of shares 23-Feb-23 STOVACQ Audited Results;Final Dividend 28-Feb-23
SANOFI Audited Results;Dividend 23-Feb-23 UNITECH Audited Results;Quarterly Results 28-Feb-23
SHREESHAY General 23-Feb-23 VEDANTASSET General 28-Feb-23
STANCAP General 23-Feb-23 AADHAARVEN Increase in Authorised Capital 01-Mar-23
TULSYAN Quarterly Results 23-Feb-23 BLSINFOTE General 01-Mar-23
VIVANTA General;Stock  Split 23-Feb-23 IFL Bonus issue;General;Stock  Split 09-Mar-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BALRAMCHIN* 22-Feb-23 Interim Dividend – Rs. – 2.5000 ACROW 24-Feb-23 E.G.M.
BOSCHLTD 22-Feb-23 Interim Dividend – Rs. – 200.0000 AMRUTANJAN 24-Feb-23 Interim Dividend – Rs. – 1.0000
COCHINSHIP 22-Feb-23 Interim Dividend – Rs. – 7.0000 APOLLOHOSP 24-Feb-23 Interim Dividend – Rs. – 6.0000
DCMSRMIND 22-Feb-23 Interim Dividend – Rs. – 1.0000 BANCOINDIA 24-Feb-23 Interim Dividend – Rs. – 8.0000
GOLDIAM 22-Feb-23 Interim Dividend – Rs. – 2.0000 BEML 24-Feb-23 Interim Dividend – Rs. – 5.0000
HERCULES 22-Feb-23 Interim Dividend – Rs. – 0.5000 BMW 24-Feb-23 Interim Dividend – Rs. – 0.2000
IRB 22-Feb-23 Stock  Split From Rs.10/- to Rs.1/- CAREERP 24-Feb-23 Interim Dividend – Rs. – 1.0000
IRCTC 22-Feb-23 Interim Dividend – Rs. – 3.5000 CESC 24-Feb-23 Interim Dividend – Rs. – 4.5000
MSTC 22-Feb-23 Interim Dividend – Rs. – 6.3000 HINDBIO 24-Feb-23 Reduction of Capital
OIL 22-Feb-23 Interim Dividend – Rs. – 10.0000 INDNIPPON 24-Feb-23 Interim Dividend – Rs. – 9.2500
TIDEWATER 22-Feb-23 Interim Dividend – Rs. – 10.0000 INSECTICID 24-Feb-23 Interim Dividend – Rs. – 3.0000
TORNTPOWER 22-Feb-23 Interim Dividend – Rs. – 9.0000 KARNAVATI 24-Feb-23 Stock  Split From Rs.10/- to Rs.1/-
TORNTPOWER 22-Feb-23 Special Dividend – Rs. – 13.0000 KBSINDIA 24-Feb-23 Stock  Split From Rs.10/- to Rs.1/-
UNIDT 22-Feb-23 Interim Dividend – Rs. – 0.6000 MAJESAUT 24-Feb-23 Interim Dividend – Rs. – 7.5000
AKASHDEEP 23-Feb-23 Stock  Split From Rs.10/- to Rs.2/- NICCOPAR 24-Feb-23 Interim Dividend – Rs. – 0.2500
KIRLOSENG 23-Feb-23 Interim Dividend – Rs. – 2.5000 NLCINDIA 24-Feb-23 Interim Dividend – Rs. – 1.5000
METROPOLIS 23-Feb-23 Interim Dividend – Rs. – 8.0000 NMDC 24-Feb-23 Interim Dividend – Rs. – 3.7500
NCLIND 23-Feb-23 Interim Dividend – Rs. – 1.5000 ONGC 24-Feb-23 Interim Dividend – Rs. – 4.0000
PREMCO 23-Feb-23 Interim Dividend – Rs. – 6.0000 PANCHSHEEL 24-Feb-23 Interim Dividend – Rs. – 0.8000
SUPRAJIT 23-Feb-23 Interim Dividend – Rs. – 1.0500 PFC 24-Feb-23 Interim Dividend – Rs. – 3.5000

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