NIFTY:
the NIFTY opened at 17428.60 with a gap down of just 37 points. The index continued its bearish momentum and started drifting downward after the opening tick. However, the index tried to bounce up but failed to sustain the rally and moved down again after recording its intraday high at 17451.60. Prices have moved towards 17300 and recorded its intraday low at 17299. The index has seen a smart recovery in the later part of the day, reaching almost 17400, and finally closed at 17392.70 near its opening tick with a loss of 73.10 points or 0.42% down. REALTY outperformed today by ending with a gain of over 2% followed by BANK which ended with a gain of 1%. MEDIA, METAL, IT, and AUTO underperformed today and closed lower. The short-term trend is down as the prices are making new lows. Today also the index went around 17300 and then saw a smart recovery. The index remained below 17500 and confirmed a breakdown. However, today prices have made a long lower shadow which suggests bulls may be coming back. We may see either a relief rally or a brief consolidation here. Support is now visible around 17300.
BANK NIFTY:
The BANK NIFTY opened at 39820.40 with a gap down of 84 points. The index initially moved lower but soon found support and bounced up after recording its intraday low at 39745.40. Prices have moved up sharply and then started a consolidation process. Another leg of an upside move came towards the end of today’s trading session and the index recorded its intraday high at 40371.45. Prices have finally closed at 40355.85 near their day’s highs with a gain of 451 points. PVT and PSU BANK both indices have performed almost the same saw an intraday rally and closed higher by 0.86% &0.73% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while AU BANK contributed the lowest. The trend is down. However, after a recent fall, we are expecting some kind of consolidation. We will get a shorting opportunity on any rally or if the index closes below 39500. Buying may emerge if prices hold the support.
TECHNICAL PICKS
COMPANY NAME | CMP | B/S | RATIONALE |
ICIC BANK | 856.40 | BUY | The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought at 857.90 with a stop loss of 850.25 and a target of 872.35. |
CIPLA | 950.20 | SELL | The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 948.50 with a stop loss of 958 and a target of 934.60. |
DERIVATIVE PICKS
Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
KOTAK BANK | 1800 CE | BUY | 13.40 | CMP | 9.50 | 20 | BREAKOUT |
Long Buildup | Short Buildup | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
BANKBARODA.23.03 Mar | 159.5 | 2.7 | 2.59 | 104674050 | ADANIENT.23.03 Mar | 1195 | -9.37 | 3.92 | 13072500 | |
POWERGRID.23.03 Mar | 220.75 | 1.96 | 2.84 | 31919400 | MPHASIS.23.03 Mar | 2046.05 | -7.21 | 24.4 | 1980000 | |
ICICIBANK.23.03 Mar | 861.7 | 1.92 | 3.41 | 76773200 | BAJAJ-AUTO.23.03 Mar | 3663.6 | -5.2 | 19.01 | 1474250 | |
BIOCON.23.03 Mar | 231.45 | 1.89 | 0.82 | 32995800 | MOTHERSON.23.03 Mar | 79.1 | -4.41 | 4.59 | 66393000 | |
CANBK.23.03 Mar | 278 | 1.83 | 0.91 | 39795300 | PVR.23.03 Mar | 1518.45 | -4.37 | 8.24 | 2431825 | |
Short Covering | Long Unwinding | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
KOTAKBANK.23.03 Mar | 1738.9 | 1.76 | -0.43 | 41468800 | ZEEL.23.03 Mar | 183.8 | -6.34 | -2.27 | 70335000 | |
HAL.23.03 Mar | 2581.1 | 1.57 | -0.21 | 3038100 | FSL.23.03 Mar | 114.3 | -2.31 | -1.02 | 16213600 | |
SBIN.23.03 Mar | 530.75 | 1.37 | -1.58 | 85260000 | METROPOLIS.23.03 Mar | 1316 | -2.17 | -0.28 | 1004000 | |
BANKNIFTY.23.03 Mar | 40600 | 1.07 | -2.77 | 2609575 | TVSMOTOR.23.03 Mar | 1088.8 | -2 | -2.7 | 6069000 | |
BERGEPAINT.23.03 Mar | 560.45 | 0.57 | -0.35 | 6897000 | IDEA.23.03 Mar | 6.7 | -1.47 | -0.08 | 431340000 |
TOP DELIVERY PERCENTAGE
Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
Sectors | Price | Change % | Quantity | |||||||
Infosys Limited | 1509.3 | Nifty50 | 17392.7 | -0.42 | 127695 | |||||
Wipro Ltd | 390.35 | Niftybank | 40307.1 | 1 | 127695 | |||||
Reliance Industries Ltd | 2367.85 | Nifty it | 29919.2 | -1.95 | 127695 | |||||
Zee Entertain. Enterp.lt | 182.95 | India Vix | 13.88 | -2.12 | 127695 | |||||
Larsen & Toubro Limited | 2113.7 | Nifty Fmcg | 45040.75 | -0.73 | 127695 | |||||
Acc Limited | 1694.8 | Nifty Pharma | 11902.5 | -0.78 | 127695 | |||||
Itc Ltd. | 382.2 | Nifty Realty | 388.75 | 2.18 | 127698 | |||||
Hcl Technologies Ltd. | 1083.95 | Nifty Auto | 12675.3 | -1.51 | 127698 | |||||
Hindustan Unilever Ltd | 2468.15 | Nifty Metal | 5313.75 | -2.39 | 127698 | |||||
Tata Steel Limited | 106.1 | Nifty Financial Services | 18001.4 | 0.77 | 127698 |
UPCOMING ECONOMIC DATA
Domestic International | |
INR: Federal Fiscal Deficit (Jan) 28th February, 2023
INR: GDP Quarterly (YoY) (Q3) 28th February, 2023 |
USD: CB Consumer Confidence (Feb) on 28th February, 2023
USD: Crude Oil Inventories on 1st March, 2023 |
NEWS UPDATES
-
Benchmark indices ended lower for the seventh straight session on February 27 with Nifty around 17,400. At Close, the Sensex was down 175.58 points or 0.30% at 59,288.35, and the Nifty was down 73.10 points or 0.42% at 17,392.70. About 944 shares have advanced, 2511 shares declined, and 174 shares are unchanged.
-
Low-cost airline SpiceJet Ltd. agreed to sell its cargo business to its subsidiary SpiceXpress and Logistics Pvt. Ltd. for an aggregate amount of Rs 2,555.77 crore through a slump sale.
-
Bharti Airtel and Paytm have failed to reach an agreement over stake sell, according to sources privy. The telecom giant had reportedly shown interest in acquiring a stake in the country’s leading digital payments platform. The development was first reported by Bloomberg last week. However, as per Moneycontrol sources, no deal is currently in the works.
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Indian apparel retailer Fabindia said on Monday it has withdrawn its plan for a $482 million initial public offering amid rough market conditions, becoming the latest company to scrap listing plans as interest rate worries pressure stock markets.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
Company Name | Purpose | Meeting Date | Company Name | Purpose | Meeting Date |
ADROITINFO | Employees Stock Option Plan;Increase in Authorised Capital | 28-Feb-23 | LEX | General | 01-Mar-23 |
INDLEASE | General | 28-Feb-23 | VLSFINANCE* | General | 01-Mar-23 |
KBCGLOBAL | General;Quarterly Results | 28-Feb-23 | DECNGOLD | General | 02-Mar-23 |
MUTHTFN | General | 28-Feb-23 | MEHAI | Right Issue of Equity Shares;Increase in Authorised Capital | 02-Mar-23 |
STHINPA | Preferential Issue of shares | 28-Feb-23 | SWORDEDGE | General | 02-Mar-23 |
STOVACQ | Audited Results;Final Dividend | 28-Feb-23 | ROSEMER | Employees Stock Option Plan | 03-Mar-23 |
UNITECH | Audited Results;Quarterly Results | 28-Feb-23 | URJAGLOBA | General | 03-Mar-23 |
VEDANTASSET | General | 28-Feb-23 | VASCONEQ | General | 03-Mar-23 |
AADHAARVEN | Increase in Authorised Capital | 01-Mar-23 | TAPARIA | Increase in Authorised Capital;Interim Dividend;General | 04-Mar-23 |
BHARATAGRI | Quarterly Results | 01-Mar-23 | NIHARINF | General;Preferential Issue of shares | 06-Mar-23 |
BLSINFOTE | General | 01-Mar-23 | SVPHOUSING | General | 06-Mar-23 |
EFCIL | General;Preferential Issue of shares | 01-Mar-23 | IFL | Bonus issue;General;Stock Split | 09-Mar-23 |
Corporate Action
Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
SHAREINDIA | 28-Feb-23 | Right Issue of Equity Shares with Warrants | MARICO | 08-Mar-23 | Interim Dividend |
SPAR | 28-Feb-23 | Right Issue of Equity Shares | RAMAPPR-B | 08-Mar-23 | E.G.M. |
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 | ENBETRD | 15-Mar-23 | E.G.M. |
CAPPIPES | 03-Mar-23 | Stock Split From Rs.10/- to Rs.1/- | SHREESEC | 16-Mar-23 | Stock Split From Rs.10/- to Rs.1/- |
HINDBIO | 03-Mar-23 | Reduction of Capital | TAPARIA | 16-Mar-23 | Interim Dividend |
KSOLVES | 03-Mar-23 | Interim Dividend – Rs. – 3.0000 | VIVANTA | 17-Mar-23 | Stock Split From Rs.10/- to Rs.1/- |
RESPONIND | 03-Mar-23 | E.G.M. | CRISIL | 31-Mar-23 | Final Dividend – Rs. – 23.0000 |
TMTIND-B1 | 03-Mar-23 | E.G.M. | SCHAEFFLER | 11-Apr-23 | Final Dividend – Rs. – 24.0000 |
ZGOLDINV | 03-Mar-23 | E.G.M. | HUHTAMAKI | 20-Apr-23 | Dividend – Rs. – 2.0000 |
FRASER | 06-Mar-23 | E.G.M. | NESTLEIND | 21-Apr-23 | Final Dividend – Rs. – 75.0000 |
GUJTLRM | 06-Mar-23 | Stock Split From Rs.10/- to Rs.1/- | ABB | 27-Apr-23 | Dividend – Rs. – 5.5000 |
HGS | 06-Mar-23 | Buy Back of Shares | KSB | 28-Apr-23 | Final Dividend – Rs. – 15.0000 |
HGS | 06-Mar-23 | Interim Dividend – Rs. – 2.5000 | SANOFI | 28-Apr-23 | Final Dividend – Rs. – 194.0000 |
MPILCORPL | 06-Mar-23 | E.G.M. | SANOFI | 28-Apr-23 | Special Dividend – Rs. – 183.0000 |
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