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|
|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|
|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|
|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|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|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|
|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|
UPCOMING ECONOMIC DATA
|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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