The NIFTY opened at 17517.10 with a big gap down of almost 100 points. The index initially went lower but soon found support and started rising. The index recorded its intraday low at 17445.95, saw a sharp upside move, and filled the gap quickly. Prices started a process of consolidation afterward which lasted till the end. The NIFTY recorded its intraday high at 17653.90 and finally closed at 17610.40 near yesterday’s closing pricess’Mith a loss of just 5.90 points of 0.03% down. FMCG outperformed today and ended with a gain of over 2% followed by IT which gained over 1%. METAL again underperformed today and ended lower by more than 4% followed by OIL GAS. The NIFTY traded in a narrow range today when we compared it to the last few days of intraday range. The trend is still down. However, prices are holding its 17500 support for the past few trading days. The resistance is visible around 17800. It is possible that the index may spend a few days within this range. Moreover, the volatility is also cooling off as the INDIA VIX, a benchmark index for volatility, has seen a decline today. We were expecting the next couple of days to be choppy and narrow. The index is moving almost similar to our expectations. For the time being, we should avoid trading the index.


The BANK NIFTY opened at 39943.35 with a big gap down of 556 points. The index initially went up after recording its intraday low at 39761.45 in its initial trades. The gap was filled quickly and then the index started a consolidation process, Prices again rallied, recorded its intraday high at 40757.60,and finally closed at 40722.40 with a gain of 223 points. PSU BANK has underperformed today, saw a minor intraday decline, and closed lower by 0.17%. PVT BANK has outperformed today and closed higher by 0.68%. Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while HDFC BANK contributed the lowest. BANK NIFTY continued its volatile movement but today traded in a comparatively narrow range. A gap-down opening did not succeed today and the index ended on a positive note. It was a trend day today on the upside where prices have recorded its intraday low near the opening tick and intraday high near the closing tick. The index is consolidating after a recent downswing. Support is visible around 39500 while resistance is visible around 41500. We should wait for the next couple of davs and then plan our trade. Till then avoid trading the index.


LTIM 4587.75 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought above 4591 with a stop loss of 4545 and a target of 4697.
JINDAL STEEL 2364.35 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 571.30 with a stop loss of 576.80 and a target of 560.65.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TCS   3400 PE SELL 28 CMP 33 16 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDFC.23.02 Feb 89.55 5.98 10.27 133720000 ADANIENT.23.02 Feb 1578.85 -26.38 10.36 15204500
CANFINHOME.2302Feb 575.85 5.97 6.81 3958500 BSOFT.23.02 Feb 273.25 -8.31 30.38 9656000
IDFCFIRSTB.23.02 Feb 60.05 5.81 0.27 154485000 ADANIPORTS.23.02 Feb 461.85 -7.17 12.75 76408125
RBLBANK.23.02 Feb 156.75 5.38 7.79 31470000 WHIRLPOOL.23.02 Feb 1265 -6.54 10.03 1101450
BRITANNIA.23.02 Feb 4614.8 4.91 11.03 1687000 UPL.23.02 Feb 699.65 -5.9 19.96 19137300
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
AMBUJACEM.23.02Feb 354.3 6.13 -0.89 73996200 IOC.23.02 Feb 78.7 -1.93 -0.26 74977500
INTELLECT.23.02 Feb 444.9 3.2 -0.32 4326000 TATASTEEL.23.02 Feb 120.25 -1.72 -0.27 162420500
LICHSGFIN.23.02 Feb 398.1 2.85 -3.76 9772000 ONGC.23.02 Feb 143.75 -0.59 -3.44 32678800
ESCORTS.23.02 Feb 2056.8 2.51 -1.19 683650 TATAMOTORS.23.02 Feb 447.05 -0.5 -0.2 72251775
ALKEM.23.02 Feb 3072.45 2.16 -2.36 265200 PIIND.23.02 Feb 3021.8 -0.31 -0.26 1990500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Colgate Palmolive (india 1461.45 0.61 508244 0 75.47 Nifty50 17610.4 -0.03 77826
Torrent Pharma Ltd. 1541.05 0.34 257833 0 71.5 Niftybank 40669.3 0.39 77826
Dr. Reddys Lab Ltd 4370.1 0.43 389355 0 71.04 Nifty it 30566.75 1.83 77826
Piind 3000.4 -0.94 280866 0 70.59 India Vix 15.73 -6.26 77826
Infosys Limited 1583.75 2.1 6916834 0 69.28 Nifty Fmcg 45981.55 2.28 77826
Hcl Technologies Ltd. 1149.6 1.55 3048359 0 68.97 Nifty Pharma 12306.3 -0.4 77826
United Spirits Limited 771.25 0.1 1263924 0 68.63 Nifty Realty 409.25 0.38 77826
Icici Bank Ltd. 857.9 1.17 16798190 0 67.83 Nifty Auto 13213.25 0.05 77826
Hindustan Unilever Ltd 2634.85 2.35 1980667 0 66.82 Nifty Metal 5908.2 -4.35 77826
Marico Limited 499.7 -1.12 1173574 0 65.93 Nifty Financial Services 18022.15 -0.35 77826


   Domestic                                                                                                                                                  International
INR: Nikkei Services PMI (Jan) 03rd February, 2023

INR: FX Reserves, USD 03rd February, 2023

 USD: Unemployment Rate (Jan) on 03rd  February, 2023

USD: ISM Non-Manufacturing PMI (Jan) on 03rd  February, 2023


  • Market Close: Benchmark indices ended higher in the volatile session on February 2.At Close, the Sensex was up 224.16 points or 0.38% at 59,932.24, and the Nifty was down 5.90 points or 0.03% at 17,610.40. About 1637 shares have advanced, 1759 shares declined, and 122 shares are unchanged.

  • Titan Company on February 2 reported a 9.96 percent drop in consolidated net profit for December 2022 quarter at Rs 904 crore, as against Rs 1004 crore recorded in the same quarter of last year. The total revenue came in at Rs 11,698 crore, rising 15.89 percent from Rs 10,094 crore in the year ago quarter, the company said in a stock exchange filing..

  • FMCG major Dabur India reported a 5.5 percent year-on-year fall in consolidated net profit to Rs 476.6 crore for the quarter ended December 2022. Net profit stood at Rs 504 crore in the same quarter a year ago, Dabur said in a stock exchange filing on February 2.

  • Byju’s has laid off another 1,000-1,200 employees in the latest cost-cutting initiative as the world’s most-valued edtech company is desperately aiming to achieve profitability amid slower revenue growth and a worsening funding winter.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AARTIIND Quarterly Results;Interim Dividend 03-Feb-23 MEDPLUS Quarterly Results 03-Feb-23
BANKBARODA Quarterly Results 03-Feb-23 ORIENTABRA Quarterly Results 03-Feb-23
BOROLTD Quarterly Results 03-Feb-23 ORIENTPPR General;Quarterly Results 03-Feb-23
BRPL Quarterly Results 03-Feb-23 PANCM Preferential Issue of shares 03-Feb-23
CHEMCON Quarterly Results;General 03-Feb-23 PANKAJPO Quarterly Results 03-Feb-23
DALMIASUG Interim Dividend;Quarterly Results 03-Feb-23 PAYTM* Quarterly Results 03-Feb-23
DELTAMAGNT Quarterly Results 03-Feb-23 PFS Quarterly Results 03-Feb-23
DIVISLAB Quarterly Results 03-Feb-23 PRADPME Interim Dividend;Quarterly Results 03-Feb-23
EMAMILTD Quarterly Results;Interim Dividend 03-Feb-23 PRAJIND Quarterly Results 03-Feb-23
ENGINERSIN Quarterly Results;Interim Dividend 03-Feb-23 PRIMIND Quarterly Results 03-Feb-23
ETHOSLTD Quarterly Results 03-Feb-23 PRSNTIN Quarterly Results 03-Feb-23
GGPL Right Issue of Equity Shares;General 03-Feb-23 PTIL Quarterly Results 03-Feb-23
GUJTHEM Quarterly Results 03-Feb-23 QUESS Quarterly Results 03-Feb-23
INDIACEM Quarterly Results 03-Feb-23 RELINFRA Quarterly Results 03-Feb-23
INDIGO Quarterly Results 03-Feb-23 REMSONSIND Quarterly Results;Right Issue of Equity Shares 03-Feb-23
INTELLECT Quarterly Results 03-Feb-23 RVHL Quarterly Results 03-Feb-23
IONEXCHANG Scheme of Arrangement;Quarterly Results 03-Feb-23 SALSAIN Preferential Issue of shares 03-Feb-23
ITC Interim Dividend;Quarterly Results 03-Feb-23 SAVFI Quarterly Results 03-Feb-23
JUBLPHARMA Quarterly Results 03-Feb-23 SBC Quarterly Results 03-Feb-23
KRBL Quarterly Results 03-Feb-23 SBIN Quarterly Results 03-Feb-23
KREBSBIO Quarterly Results 03-Feb-23 SUMICHEM Quarterly Results 03-Feb-23
LAKSELEC Quarterly Results 03-Feb-23 SUNSHIEL Quarterly Results 03-Feb-23
LAKSHMIMIL Quarterly Results 03-Feb-23 SUNTV Quarterly Results;Interim Dividend 03-Feb-23
LIBORDFIN Quarterly Results 03-Feb-23 SUPER Quarterly Results 03-Feb-23
LINC Quarterly Results 03-Feb-23 SUTLEJTEX Quarterly Results 03-Feb-23
M&MFIN Quarterly Results 03-Feb-23 SWORDEDGE General;Quarterly Results 03-Feb-23
MANAPPURAM Quarterly Results;Interim Dividend;General 03-Feb-23 TAAZAINT Quarterly Results 03-Feb-23
MARICO Quarterly Results 03-Feb-23 TATAPOWER Quarterly Results 03-Feb-23
MASTERTR Quarterly Results 03-Feb-23 THYROCARE Quarterly Results 03-Feb-23
MAXVIL Quarterly Results 03-Feb-23 VSL Quarterly Results 03-Feb-23
MAYURUNIQ Quarterly Results 03-Feb-23 ZYDUSLIFE Quarterly Results 03-Feb-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
COFORGE 03-Feb-23 Interim Dividend – Rs. – 19.0000 KPEL 07-Feb-23 Interim Dividend – Rs. – 0.2500
CONTROLPR 03-Feb-23 Interim Dividend – Rs. – 4.0000 ROUTE 07-Feb-23 Interim Dividend – Rs. – 6.0000
EMBASSY 03-Feb-23 Income Distribution RITES SHARDACROP 07-Feb-23 Interim Dividend – Rs. – 3.0000
EQUITAS 03-Feb-23 Amalgamation SRF 07-Feb-23 Interim Dividend – Rs. – 3.6000
IIFLSEC 03-Feb-23 Interim Dividend – Rs. – 3.0000 TCI 07-Feb-23 Interim Dividend – Rs. – 2.5000
KEI 03-Feb-23 Interim Dividend – Rs. – 3.0000 AARTIDRUGS 08-Feb-23 Interim Dividend – Rs. – 1.0000
MOTILALOFS 03-Feb-23 Interim Dividend – Rs. – 7.0000 ANURAS 08-Feb-23 Interim Dividend – Rs. – 0.6000
NTPC 03-Feb-23 Interim Dividend – Rs. – 4.2500 COALINDIA 08-Feb-23 Interim Dividend – Rs. – 5.2500
SGRL 03-Feb-23 Right Issue of Equity Shares HIL 08-Feb-23 Interim Dividend – Rs. – 20.0000
STEELCAS 03-Feb-23 Interim Dividend – Rs. – 1.8000 KAJARIACER 08-Feb-23 Interim Dividend – Rs. – 6.0000
SUNCLAYLTD 03-Feb-23 Interim Dividend – Rs. – 59.0000 MOIL 08-Feb-23 Interim Dividend – Rs. – 3.0000
TORNTPHARM 03-Feb-23 Interim Dividend – Rs. – 14.0000 PGHH 08-Feb-23 Interim Dividend – Rs. – 80.0000
VAIBHAVGBL 03-Feb-23 Interim Dividend – Rs. – 1.5000 POWERGRID 08-Feb-23 Interim Dividend – Rs. – 5.0000
VEDL 03-Feb-23 Interim Dividend – Rs. – 12.5000 RADIANTCMS 08-Feb-23 Interim Dividend – Rs. – 1.0000
ZENSARTECH 03-Feb-23 Interim Dividend – Rs. – 1.5000 RAILTEL 08-Feb-23 Interim Dividend – Rs. – 1.5000
CONCOR 06-Feb-23 Interim Dividend – Rs. – 4.0000 SHANTIGEAR 08-Feb-23 Interim Dividend – Rs. – 3.0000
MINDSPACE 06-Feb-23 Income Distribution RITES SUNPHARMA 08-Feb-23 Interim Dividend – Rs. – 7.5000
PATELENG 06-Feb-23 Right Issue of Equity Shares TCIEXP* 08-Feb-23 Interim Dividend – Rs. – 3.0000
SIYSIL 06-Feb-23 Interim Dividend – Rs. – 3.0000 GILLETTE 09-Feb-23 Interim Dividend – Rs. – 35.0000
SONACOMS 06-Feb-23 Interim Dividend – Rs. – 1.2800 GREENPANEL 09-Feb-23 Interim Dividend – Rs. – 1.5000
APCOTEXIND 07-Feb-23 Interim Dividend – Rs. – 2.0000 IMPAL 09-Feb-23 Interim Dividend – Rs. – 9.0000
EDVENSWA 07-Feb-23 Right Issue of Equity Shares ORIENTELEC 09-Feb-23 Interim Dividend – Rs. – 0.7500
IGL 07-Feb-23 Interim Dividend – Rs. – 3.0000 QGO 09-Feb-23 Interim Dividend – Rs. – 0.1000
IIFL 07-Feb-23 Interim Dividend – Rs. – 4.0000 RECLTD 09-Feb-23 Interim Dividend – Rs. – 3.2500
KIRLPNU 07-Feb-23 Interim Dividend – Rs. – 2.5000 BEL 10-Feb-23 Interim Dividend – Rs. – 0.6000

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