The NIFTY opened at 17896.60 with a gap down of just 33 points. The index remained weak for the first few minutes of trading and recorded its intraday low at 17853.80.Prices have bounced up and went above 17900. The index then started a consolidation process for the whole afternoon which eventually broke on the upside. The index again rallied this time with more pace and went above 18000 to record its intraday high at 18034.10. Prices finally dosed at 18015.85 with a gain of 86 points or 0.48% up. All the sectoral indices have closed higher today except FMCG and PHARMA which ended with marginal losses. IT and REALTY outperformed today by gaining more than 1% followed by AUTO. The short-term trend is up now as the index closed above 17900 resistance for two consecutive trading sessions. Moreover, the bias is also bullish and the volatility is down which also gives support to the bulls. We now have a support level of around 17800. Immediate resistance is visible around 18100. Tomorrow, we should look for a buying opportunity on any sign of strength


The BANK NIFTY opened at 41674.60 with a gap up of just 49 points. Initially, prices moved down but found support around 41500 and turned up. The index turned around after crossing above the opening tick, saw a decline, and recorded its intraday low at 41455.60. Prices have seen a sharp rally towards the end, recorded its intraday high at 41795.45, and finally closed at 41756.70 with a gain of 131 points. PSU and PVT BANK, both indices have performed almost the same today, saw an intraday rally, and closed higher by 0.48% &0.18% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while HDFC ABNK contributed the lowest. It was a volatile day, where prices have seen alternate bouts of buying and selling but at the end bulls take control and the index ended near its day’s-highs with gains. The intraday range was again narrow. The short-term trend is still sideways. We have identified a narrow trading range inside 41000-41800. The trading range remained intact for the 9th trading day. However, prices have come close to its resistance level. We may see a breakout here.


KOTAK BANK 1785.50 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at 1790 with a stop loss of 1777 and a target of 1817.
  MCX 1348.55 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1344 with a stop loss of 1364 and a target of 1313.


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
TORNTPOWER.23.02 Feb 505.5 10.92 49.12 4809000 BHARATFORG.23.02 Feb 836 -4.59 14.36 8840000
TECHM.23.02 Feb 1071 5.49 9.94 15791400 MCX.23.02 Feb 1354.95 -3.81 19.45 1174400
APOLLOHOSP.23.02 Feb 4491 5.21 21.53 1900375 INDIGO.23.02 Feb 1961 -3.67 25.77 4011900
PFC.23.02 Feb 149.05 3.58 3.69 53301400 BATAINDIA.23.02 Feb 1476.95 -1.73 16.01 2779150
BOSCHLTD.23.02 Feb 17682 3.35 1.15 158900 RBLBANK.23.02 Feb 164.05 -1.32 3.61 26295000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IBULHSGFIN.23.02 Feb 116.5 5.1 -1.45 38828000 METROPOLIS.23.02 Feb 1304 -1.41 -0.56 1000800
EICHERMOT.23.02 Feb 3326 4.75 -2.34 3180275 PNB.23.02 Feb 50.7 -1.27 -0.72 205776000
ABFRL.23.02 Feb 256.6 3.11 -2.79 18460000 ZEEL.23.02 Feb 215.15 -0.83 -1.01 77625000
AMBUJACEM.23.02 Feb 346.5 2.88 -0.06 63696600 NTPC.23.02 Feb 165.85 -0.42 -0.17 68354400
BALRAMCHIN.23.02 Feb 368.3 2.85 -2.37 6712000 ZYDUSLIFE.23.02 Feb 471.45 -0.39 -1.57 7916400


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1597.05 Nifty50 18015.85 0.48 101037
Wipro Ltd 407.4 Niftybank 41731.05 0.2 100971
Reliance Industries Ltd 2431.95 Nifty it 30934.35 1.13 100971
Zee Entertain. 214.5 India Vix 12.86 -4.39 103404
Larsen & Toubro Limited 2175.05 Nifty Fmcg 45799.2 -0.39 100971
Acc Limited 1852.15 Nifty Pharma 12237.1 -0.1 100971
Itc Ltd. 382.2 Nifty Realty 405.55 1.3 100971
Hcl Technologies Ltd. 1132.9 Nifty Auto 13235.2 0.98 100971
Hindustan Unilever Ltd 2548.45 Nifty Metal 5789.65 0.47 100971
Tata Steel Limited 110.3 Nifty Financial Services 18636.95 0.22 100971


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD 17th February, 2023

INR: GDP Quarterly (YoY) (Q3) 28th February, 2023

 USD: Building Permits (Jan) on 16th  February, 2023

USD: Initial Jobless Claims on 16th  February, 2023


  • Benchmark indices ended higher with Nifty above 18,000. At Close, the Sensex was up 242.83 points or 0.40% at 61,275.09, and the Nifty was up 86 points or 0.48% at 18,015.80. About 1722 shares have advanced, 1657 shares declined, and 129 shares are unchanged.

  • Billionaire Anil Agarwal’s commodities giant has slashed net debt by $2 billion in the current financial year as it seeks to soothe investor concern over its liquidity and ability to repay upcoming obligations.

  • State Bank of India (SBI) has hiked its marginal cost lending rate (MCLR) by 10 basis points across tenures with effect from February 15. According to the SBI’s website, overnight MCLR increased to 7.95 percent from 7.85 percent, and one-month and three-month MCLR rose to 8.10 percent from 8.00 percent.

  • The Indian government could consider reducing taxes on some items such as maize and fuel in response to the central bank’s recommendations to help rein in climbing retail inflation, two sources with knowledge of the discussions told Reuters.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AGIOPAPER Preferential Issue of shares 16-Feb-23 GOENKA General 18-Feb-23
AISHWARYA Increase in Authorised Capital;Preferential Issue of shares 16-Feb-23 SOMICONV General 18-Feb-23
BLUECLOUDS Preferential Issue of shares 16-Feb-23 DBL General 20-Feb-23
NESTLEIND Audited Results;Final Dividend 16-Feb-23 KUBERJI Quarterly Results 20-Feb-23
NEWINFRA General;Quarterly Results 16-Feb-23 PARSVNATH Quarterly Results 20-Feb-23
SATIN General 16-Feb-23 SHARDFI General;Quarterly Results 20-Feb-23
SCHAEFFLER Audited Results 16-Feb-23 TRIVIKRAMA General 20-Feb-23
CRISIL Audited Results;Final Dividend 17-Feb-23 ELANTAS Dividend;Quarterly Results 21-Feb-23
GROWINGTON Bonus issue;Increase in Authorised Capital 17-Feb-23 HARISH General 21-Feb-23
MUFIN Stock  Split 17-Feb-23 UJJIVANSFB Interim Dividend 21-Feb-23
OKPLA Issue Of Warrants;Preferential Issue of shares 17-Feb-23 GOLDLEG Quarterly Results 22-Feb-23
PRATIK General;Preferential Issue of shares 17-Feb-23 MAHINDCIE Audited Results;Final Dividend 22-Feb-23
PULSRIN General 17-Feb-23 VISAKAIND Stock  Split 22-Feb-23
RAYMOND Employees Stock Option Plan 17-Feb-23 KSB Audited Results;Final Dividend 23-Feb-23
RRMETAL General 17-Feb-23 SANOFI Audited Results;Dividend 23-Feb-23
SYMBIOX Increase in Authorised Capital;General 17-Feb-23 VIVANTA General;Stock  Split 23-Feb-23
VALECHAENG Quarterly Results 17-Feb-23 ECOM General 24-Feb-23
VLSFINANCE* General 17-Feb-23 SPICEJET Quarterly Results 24-Feb-23
Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CHAMBLFERT 16-Feb-23 Interim Dividend – Rs. – 4.5000 JBCHEPHARM 17-Feb-23 Interim Dividend – Rs. – 8.5000
MAANALU 16-Feb-23 Interim Dividend – Rs. – 1.0000 JKPAPER 17-Feb-23 Interim Dividend – Rs. – 4.0000
SHBAJRG 16-Feb-23 E.G.M. KCDGROUP 17-Feb-23 Stock  Split From Rs.5/- to Rs.1/-
SHREECEM 16-Feb-23 Interim Dividend – Rs. – 45.0000 KIRLFER 17-Feb-23 Interim Dividend – Rs. – 2.5000
ALKEM 17-Feb-23 Interim Dividend – Rs. – 15.0000 MINDACORP 17-Feb-23 Interim Dividend – Rs. – 0.4000
ALKEM 17-Feb-23 Special Dividend – Rs. – 25.0000 NHPC 17-Feb-23 Interim Dividend – Rs. – 1.4000
AUROPHARMA 17-Feb-23 Interim Dividend – Rs. – 3.0000 NIRLON 17-Feb-23 Interim Dividend – Rs. – 15.0000
BALKRISIND 17-Feb-23 Interim Dividend – Rs. – 4.0000 PAGEIND 17-Feb-23 Interim Dividend – Rs. – 60.0000
BECTORFOOD 17-Feb-23 Interim Dividend – Rs. – 1.2500 POBS 17-Feb-23 Interim Dividend – Rs. – 2.0000
BLS 17-Feb-23 Interim Dividend – Rs. – 0.5000 RITES 17-Feb-23 Interim Dividend – Rs. – 6.0000
CANTABIL 17-Feb-23 Interim Dividend – Rs. – 2.0000 SAFARIND 17-Feb-23 Interim Dividend – Rs. – 1.5000
CGCL 17-Feb-23 Right Issue of Equity Shares SJVN 17-Feb-23 Interim Dividend – Rs. – 1.1500
COROMANDEL 17-Feb-23 Interim Dividend – Rs. – 6.0000 SKYGOLD 17-Feb-23 Interim Dividend – Rs. – 1.0000
DATAINFRA 17-Feb-23 Income Distribution (InvIT) SUNDARMFIN 17-Feb-23 Interim Dividend – Rs. – 12.0000
DCW 17-Feb-23 Interim Dividend – Rs. – 0.2000 AASTAFIN 20-Feb-23 E.G.M.
FSL 17-Feb-23 Interim Dividend – Rs. – 3.5000 AKCAPIT 20-Feb-23 Interim Dividend – Rs. – 6.0000
HEROMOTOCO 17-Feb-23 Interim Dividend – Rs. – 65.0000 BDL 20-Feb-23 Interim Dividend – Rs. – 8.1500
INOXLEISUR 17-Feb-23 Amalgamation ESABINDIA 20-Feb-23 Interim Dividend – Rs. – 28.0000
IOLCP 17-Feb-23 Interim Dividend – Rs. – 4.0000 GALAXYSURF 20-Feb-23 Interim Dividend – Rs. – 18.0000
IRCON 17-Feb-23 Interim Dividend – Rs. – 1.8000 GRSE 20-Feb-23 Interim Dividend – Rs. – 5.500

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