The NIFTY opened at 17541.95 with a gap down of 63 points. The index initially moved lower and went below 17500 but soon found support and bounced up. Prices have seen a sharp intraday rally, recovered all the losses, and went above 17700 to record its intraday high at 17709.15. Prices then started drifting downwards and again went below 17500. The index recorded its intraday low at 17405.55 and then again bounced up. Prices have rallied sharply, came into positive territory, and finally closed at 17648.95 with a gain of 44.60 points or 0.25% up. IT outperformed today by ending over 1% gains followed by BANK and FINANCIAL, OIL GAS underperformed today and ended lower by more than 3% followed by FMCG and METAL. The index breaks three days of the lower closing streak, ending today with minor gains. We have identified support around 17500. Prices have moved below this level but at the end came above. Resistance is visible around 17800. However, these support and resistance levels have less value in a news-driven environment. The INDIA VIX, a benchmark index for volatility, rose today indicating volatility is rising. We should avoid trading the index this week as we have two big news events lined up, the Union Budget 2023 & FOMC meeting We will plan our traders after these events. Till then avoid trading the index.


The BANK NIFTY opened at 39856.15 with a big gap down of 509 points. The index initially went down but soon bounced up and rallied to come into positive territory. The index recorded its intraday high at 40789.55 and then started drifting downwards to record its intraday low at 39419.80. Prices again bounced up and came close to its early morning highs. The index finally dosed at 40467.30 with a gain of 102 points. PSU BANK has outperformed today, saw a sharp intraday rally, and closed higher by 0.55%. PVT BANK has also moved up today but ended with a gain of just 0.08%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. BANK NIFTY continued moving volatile today and closed almost on a flat note with minor gains thanks to a sharp rally towards the end of today’s trading session. Support is visible around 39500 while resistance is visible around 41000. These support and resistance levels have no value in the current environment since we have two big news events lined up in this week. One is Union Budget 2023 and another is FOMC Meeting. The short-term trend is now down. It is wise to stay away from the market in such an environment. We should trade after the news event.


M&M 1331.60 BUY The stock has been about to given a breakout on the intraday as well as the daily chart after consolidation. The stock can be bought above 1337 with a stop loss of 1322 and a target of 1365.
ONGC 369 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 369 with a stop loss of 373 and a target of 360.95SSS.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ADANI ENT   3200 CE SELL 134.95 CMP 217 51 BREAKDOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INTELLECT.23.02 Feb 435.85 8.35 1.2 4633000 BEL.23.02 Feb 89.1 -5.21 7.38 107171400
BAJFINANCE.23.02 Feb 6065.1 4.83 0.58 6086250 GAIL.23.02 Feb 95.2 -4.42 19.43 47012700
VOLTAS.23.02 Feb 781.15 4.12 0.76 6738000 EXIDEIND.23.02 Feb 177.65 -3.32 17.05 24980400
ADANIENT.23.02 Feb 2884 3.83 13.06 15434000 ASHOKLEY.23.02 Feb 145.55 -3.26 6.04 84680000
JKCEMENT.23.02 Feb 2695.25 3.76 9.71 499750 POWERGRID.23.02 Feb 213.35 -2.45 13.8 27604800
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDUSTOWER.2302Feb 146.75 6.46 -3.73 24743600 ONGC.23.02 Feb 145.25 -1.46 -0.45 32886700
IDEA.23.02 Feb 6.75 3.85 -0.51 565180000 ITC.23.02 Feb 340.5 -0.92 -0.43 50310400
SHREECEM.23.02 Feb 22412 3.44 -0.46 303900 RBLBANK.23.02 Feb 150.85 -0.3 -1.48 32895000
CROMPTON.23.02 Feb 332.15 3.17 -0.92 4840500
GRANULES.23.02 Feb 294.15 3.16 -2.17 7576000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Kotak Mahindra Bank Limi 1726.25 0.77 4939556 0 80 Nifty50 17648.95 0.25 76974
Sun Pharma  Ltd 1051.7 0.8 3320916 0 77.35 Niftybank 40387.45 0.1 76974
Icici Bank Ltd. 823.5 0.77 36301441 0 76.67 Nifty it 30094.85 1.1 76974
Hcl Technologies Ltd. 1134.75 1.72 3508427 0 74.87 India Vix 17.71 2.25 76974
Sbi Cards And Payment Se 716.4 2.44 2347230 0 73.78 Nifty Fmcg 44220.35 -0.6 76974
Icici Prudential Life In 454.5 -2.31 2213369 0 71.95 Nifty Pharma 12484 -0.19 76974
Ipca Laboratories Ltd. 858.4 0.81 207670 0 71.85 Nifty Realty 407 -0.13 76974
Hdfc Bank Ltd. 1614.15 -0.1 9256411 0 71.59 Nifty Auto 13076.85 -0.1 76971
Colgate Palmolive (india 1450.65 0.26 372756 0 71.13 Nifty Metal 6371.65 -0.28 76971
Hindustan Unilever Ltd 2568.15 -1.68 2744039 0 70.85 Nifty Financial Services 18091.25 0.33 76971


   Domestic                                                                                                                                                  International
INR: Nikkei S&P Global Manufacturing PMI (Jan) on 1st  February, 2023

INR: Union Budget 2023-24 on 1st  February, 2023

 USD: CB Consumer Confidence (Jan) on 31st  January, 2023

USD: Crude Oil Inventories on 1st  February, 2023



  • Benchmark indices ended on positive note in the highly volatile session on January 30.At Close, the Sensex was up 169.51 points or 0.29% at 59,500.41, and the Nifty was up 44.70 points or 0.25% at 17,649. About 1531 shares have advanced, 1965 shares declined, and 162 shares are unchanged.

  • Larsen & Toubro (L&T) on January 30 reported a consolidated net profit of Rs 2,553 crore for the December quarter of the financial year 2022-23, up 24 percent from the year-ago period. The revenue from operations zoomed to Rs 46,390 crore, higher by 17 percent from the corresponding quarter of the previous financial year.

  • LIC has clarified that the total value of Adani group company shares it has purchased over the last many years is Rs 30,127 crore. This amounts to a market value of Rs 56,142 crore, based on the closing price on January 27.

  • Tech Mahindra on January 30 reported a consolidated net profit of Rs 1,297 crore for the December quarter of the financial year 2022-23, down 5.3 percent. Profit after tax (PAT) stood at Rs 1,368 crore in the year-ago period.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ACC Quarterly Results 31-Jan-23 JSWHL Quarterly Results 31-Jan-23
APARINDS Quarterly Results 31-Jan-23 JUBLINGREA Interim Dividend;Quarterly Results 31-Jan-23
ARIHCAPM General;Quarterly Results 31-Jan-23 KAYNES Quarterly Results 31-Jan-23
AUTOAXLES Quarterly Results 31-Jan-23 KEC Quarterly Results 31-Jan-23
AYOME Quarterly Results 31-Jan-23 KOKUYOCMLN Quarterly Results 31-Jan-23
CHEMOPH Quarterly Results 31-Jan-23 KPIGREEN Interim Dividend;Quarterly Results 31-Jan-23
CHOLAFIN Interim Dividend;General;Quarterly Results 31-Jan-23 KPITTECH Interim Dividend;Quarterly Results 31-Jan-23
CIGNITI Quarterly Results 31-Jan-23 KZLFIN Quarterly Results 31-Jan-23
COALINDIA Interim Dividend;Quarterly Results 31-Jan-23 LEHAR Quarterly Results 31-Jan-23
COCKERILL Quarterly Results 31-Jan-23 LOTUSCHO Quarterly Results 31-Jan-23
CUBEXTUB Quarterly Results 31-Jan-23 MAPMYINDIA General;Quarterly Results 31-Jan-23
DHANBANK Quarterly Results 31-Jan-23 MFSL Quarterly Results 31-Jan-23
DHANFAB General;Quarterly Results 31-Jan-23 NACLIND Interim Dividend;Quarterly Results 31-Jan-23
EDELWEISS Quarterly Results 31-Jan-23 ORIENTBELL Quarterly Results 31-Jan-23
GHCL Quarterly Results 31-Jan-23 ORIENTCEM Interim Dividend;Quarterly Results 31-Jan-23
GNA Quarterly Results 31-Jan-23 PARADEEP Quarterly Results 31-Jan-23
GODREJCP Quarterly Results 31-Jan-23 PATELENG Right Issue of Equity Shares;General 31-Jan-23
HOCL Quarterly Results 31-Jan-23 POWERGRID Interim Dividend;General;Quarterly Results 31-Jan-23
IFBAGRO Quarterly Results 31-Jan-23 QUINT General;Quarterly Results 31-Jan-23
IGLFXPL-B Quarterly Results 31-Jan-23 RADHEDE Quarterly Results 31-Jan-23
INDHOTEL Quarterly Results 31-Jan-23 RAILTEL Interim Dividend;Quarterly Results 31-Jan-23
INDICAP Quarterly Results 31-Jan-23 RAJPALAYAM Quarterly Results 31-Jan-23
INDLMETER Quarterly Results 31-Jan-23 SUNPHARMA Interim Dividend;Quarterly Results 31-Jan-23
INTSTOIL Quarterly Results 31-Jan-23 SWISSMLTRY Quarterly Results 31-Jan-23
IOC Quarterly Results 31-Jan-23 UDAICEMENT Quarterly Results 31-Jan-23
ISHWATR Quarterly Results 31-Jan-23 UPL Quarterly Results 31-Jan-23
JINDALSTEL Quarterly Results 31-Jan-23 WESTLIFE Quarterly Results 31-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CCL 31-Jan-23 Interim Dividend – Rs. – 3.0000 SGRL 03-Feb-23 Right Issue of Equity Shares
INDIGRID 31-Jan-23 Income Distribution (InvIT) STEELCAS 03-Feb-23 Interim Dividend – Rs. – 1.8000
LTIM 31-Jan-23 Interim Dividend – Rs. – 20.0000 SUNCLAYLTD 03-Feb-23 Interim Dividend – Rs. – 59.0000
MONIND 31-Jan-23 E.G.M. TORNTPHARM 03-Feb-23 Interim Dividend – Rs. – 14.0000
RKFORGE 31-Jan-23 Interim Dividend – Rs. – 0.5000 VAIBHAVGBL 03-Feb-23 Interim Dividend – Rs. – 1.5000
SIEMENS 31-Jan-23 Final Dividend – Rs. – 10.0000 VEDL 03-Feb-23 Interim Dividend – Rs. – 12.5000
WENDT 31-Jan-23 Interim Dividend – Rs. – 30.0000 ZENSARTECH 03-Feb-23 Interim Dividend – Rs. – 1.5000
ACGL 01-Feb-23 Interim Dividend – Rs. – 2.5000 CONCOR 06-Feb-23 Interim Dividend – Rs. – 4.0000
DCMSHRIRAM 01-Feb-23 Interim Dividend – Rs. – 5.8000 MINDSPACE 06-Feb-23 Income Distribution RITES
MASTEK 01-Feb-23 Interim Dividend – Rs. – 7.0000 SIYSIL 06-Feb-23 Interim Dividend
MFL 01-Feb-23 Interim Dividend – Rs. – 2.5000 SONACOMS 06-Feb-23 Interim Dividend – Rs. – 1.2800
THANGAMAYL 01-Feb-23 Interim Dividend – Rs. – 6.0000 APCOTEXIND 07-Feb-23 Interim Dividend – Rs. – 2.0000
ZENITHEXPO 01-Feb-23 E.G.M. EDVENSWA 07-Feb-23 Right Issue of Equity Shares
ACCELYA 02-Feb-23 Interim Dividend – Rs. – 35.0000 IGL 07-Feb-23 Interim Dividend – Rs. – 3.0000
SAREGAMA 02-Feb-23 Interim Dividend – Rs. – 3.0000 IIFL 07-Feb-23 Interim Dividend
SHUKRAPHAR 02-Feb-23 Right Issue of Equity Shares KIRLPNU 07-Feb-23 Interim Dividend – Rs. – 2.5000
TANAA 02-Feb-23 Interim Dividend – Rs. – 2.0000 KPEL 07-Feb-23 Interim Dividend
TVSMOTOR 02-Feb-23 Interim Dividend – Rs. – 5.0000 ROUTE 07-Feb-23 Interim Dividend – Rs. – 6.0000
VIPIND 02-Feb-23 Interim Dividend – Rs. – 2.0000 SHARDACROP 07-Feb-23 Interim Dividend – Rs. – 3.0000
COFORGE 03-Feb-23 Interim Dividend – Rs. – 19.0000 SRF 07-Feb-23 Interim Dividend
CONTROLPR 03-Feb-23 Interim Dividend – Rs. – 4.0000 TCI 07-Feb-23 Interim Dividend
EMBASSY 03-Feb-23 Income Distribution RITES AARTIDRUGS 08-Feb-23 Interim Dividend – Rs. – 1.0000
EQUITAS 03-Feb-23 Amalgamation ANURAS 08-Feb-23 Interim Dividend – Rs. – 0.6000
IIFLSEC 03-Feb-23 Interim Dividend – Rs. – 3.0000 COALINDIA 08-Feb-23 Interim Dividend
KEI 03-Feb-23 Interim Dividend – Rs. – 3.0000 MOIL 08-Feb-23 Interim Dividend
MOTILALOFS 03-Feb-23 Interim Dividend – Rs. – 7.0000 PGHH 08-Feb-23 Interim Dividend
NTPC 03-Feb-23 Interim Dividend POWERGRID 08-Feb-23 Interim Dividend

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