The NIFTY opened at 18093.35 with a gap down of just 25 points. The index started drifting downwards from its opening tick and recorded its intraday high at 18100.60 in its initial trades. Prices have seen a sharp decline and went below 17900. The index started finding support and began a process of consolidation that lasted till the end. The index recorded its intraday low at 17846.15 and finally closed at 17891.95 with a loss of 226.35 points or 1.25% down. All the sectoral indices have ended with a loss. BANK and FINANCIAL led the bears today by closing over 2% loss followed by OIL GAS which ended nearly 2% down. AUTO and FMCG ended on a flat note. The short-term trend remained sideways as the index is still trading inside the support around 17800 and resistance around 18250. However, today’s decline changes the bias to bearish. We have been expecting a sharp move and that move came on the downside. Since the intraday range was wide enough today, it is possible that the next day may be choppy and narrow. The volatility has increased significantly as the INDIA VIX has risen over 7% and is now moving around level 15. If it continues to rise then it may favor the bears. As of now, avoid trading the index.


The BANK NIFTY opened at 42703.60 without much of a gap. The index started drifting downwards after recording its intraday high at 42733.05 in its initial trades. The decline was sharp and prices went below 42000 in the afternoon and started a consolidation process. The index remained sideways till the end, recorded its intraday low at 41540.30, and finally closed at 41687.60 with a loss of 1028 points. PSU and PVT BANK performed almost the same today, saw a sharp intraday decline, and closed with a loss of 3.58% & 2.30% respectively. Within the index in terms of points, HDFC BANK contributed the highest on the downside followed by SBIN. It was again a trend day today on the downside where prices have recorded its intraday high near the opening tick and intraday low near its closing tick. In the first half, prices have on the downside, it was again a trend day today been a steep decline while consolidated in the second half. The short-term trend is still sideways but a sharp decline today changes the bias in the favour of bears. We have been tracking a strong support level of around 41700. The index today breached that level and ended around 41700 support. Another close below 41700 may confirm this breakdown which is giving us a pattern target below 40000. We may get a trading opportunity next week. As of now, avoid trading the index.


ESCORTS 2088.80 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought above 2099.15 with a stop loss of 2085.40 and a target of 2120.50.
IRCTC 627.55 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 625.30 with a stop loss of 631.55 and a target of 615.85.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
AXIS BANK (23 FEB)  880 PE BUY 16 CMP 12.85 22.30 BREAKDOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TVSMOTOR.23.01 Jan 1039.2 5.21 28.63 2437400 ACC.23.01 Jan 2172 -6.91 11.87 841250
HINDUNILVR.23.01 Jan 2638.85 1.62 58.73 2280000 MCDOWELL-N.23.01 Jan 762.95 -6.59 19.59 4762500
BRITANNIA.23.01 Jan 4450 1.34 0.93 281200 SBIN.23.01 Jan 566.55 -4.81 12.65 24021000
HINDALCO.23.01 Jan 489.05 0.89 26.25 12194000 AUROPHARMA.23.01 Jan 417.2 -4.77 0.37 3526000
NESTLEIND.23.01 Jan 19426.2 0.81 24.7 65440 CONCOR.23.01 Jan 649 -4.65 15.26 2750000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MFSL.23.01 Jan 871.7 2.4 -33.59 729950 AMBUJACEM.23.01 Jan 465 -6.93 -8.89 14378400
PERSISTENT.23.01 Jan 4615 1.51 -35.95 189875 INDUSTOWER.23.01 Jan 158.1 -6.84 -23.65 3533600
BAJAJ-AUTO.23.01 Jan 3727 1.01 -9.54 263250 GRANULES.23.01 Jan 288.85 -6.49 -8.49 1530000
APOLLOTYRE.23.01 Jan 323.15 0.87 -18.58 2086000 ADANIPORTS.23.01 Jan 712.4 -6.48 -3.06 8444375
INDIGO.23.01 Jan 2118.65 0.84 -18.99 428700 DELTACORP.23.01 Jan 200.85 -5.33 -6.97 10883600



Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2710.6 -2.33 2282790 0 80.93 Nifty50 17891.95 -1.25 83811
Kotak Mahindra Bank Limi 1749.8 -0.59 4280333 0 74.86 Niftybank 41647.65 -2.54 83811
Itc Ltd. 339.25 0.09 12497542 0 74.19 Nifty it 30043.9 -0.9 83811
Sun Pharma  Ltd 1040.05 -0.06 1753333 0 73.99 India Vix 14.65 7.28 83811
Hcl Technologies Ltd. 1122.75 -1.33 2692236 0 73.56 Nifty Fmcg 44284.15 -0.09 83808
Hdfc Bank Ltd. 1648.65 -2.76 7352071 0 72.03 Nifty Pharma 12440.1 -1.22 83808
Voltas Ltd. 756.55 -2.76 1339618 0 71.72 Nifty Realty 412.75 -1.83 83808
Icici Bank Ltd. 855.3 -1.77 14918485 0 71.66 Nifty Auto 12957.15 -0.03 83808
Srf Ltd. 2128.35 0.02 506083 0 68.99 Nifty Metal 6703.8 -0.21 83808
Infosys Limited 1543 -0.57 4158617 0 67.99 Nifty Financial Services 18488.55 -2.13 83808
   Domestic                                                                                                                                                  International
INR: Bank Loan Growth on 27th  January, 2023

INR: Infrastructure Output (YoY) (Dec) 31st  January, 2023

USD: Pending Home Sales (MoM) (Dec) on 27th  January, 2023

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


  • Indian stock benchmarks ended lower on January 25with Nifty around 17,900. At Close, the Sensex was down 773.69 points or 1.27% at 60,205.06, and the Nifty was down 226.30 points or 1.25% at 17,892. About 1106 shares have advanced, 2310 shares declined, and 129 shares are unchanged.

  • Bajaj Auto Ltd.’s quarterly profit rose, beating analysts’ estimates, due to lower operating costs even as two-wheeler sales volumes fell. The company’s net profit rose 23% to Rs 1,491.4 crore in the quarter ended December, according to its exchange filing. That compares to the Rs 1,379.1 crore consensus forecast of analysts

  • Cipla’s net profit rose 10% year-on-year to Rs 801 crore in the quarter ended December, according to its exchange filing. That compares with the Rs 920-crore consensus estimate of analysts. Revenue rose 6% to Rs 5,810 crore against an estimated Rs 6,172 crore. Ex-covid, it grew 11%, said the company in the filing.

  • Adani Group, on Wednesday, rejected Hindenburg Research’s report alleging fraud, and said it shows an intention to damage the upcoming follow-on public offer of Adani Enterprises Ltd.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AARTIDRUGS Interim Dividend;Quarterly Results 27-Jan-23 DENORA Quarterly Results 27-Jan-23
ABSLAMC Quarterly Results 27-Jan-23 EPSOMPRO Quarterly Results 27-Jan-23
ABVL General;Quarterly Results 27-Jan-23 EY Quarterly Results 27-Jan-23
AGI General;Quarterly Results 27-Jan-23 FCL Quarterly Results 27-Jan-23
AIAENG Quarterly Results 27-Jan-23 FREDUN Quarterly Results 27-Jan-23
ANJANIFIN Quarterly Results 27-Jan-23 FRONTFN Quarterly Results 27-Jan-23
ANURAS Interim Dividend;Quarterly Results 27-Jan-23 GALXBRG Quarterly Results 27-Jan-23
ASHSI Quarterly Results 27-Jan-23 GLOBALCA Bonus issue;Increase in Authorised Capital;Stock  Split 27-Jan-23
BAJFINANCE Quarterly Results 27-Jan-23 GLS Quarterly Results 27-Jan-23
BHARAT Quarterly Results 27-Jan-23 GODFRYPHLP Quarterly Results 27-Jan-23
BLSINFOTE Quarterly Results 27-Jan-23 GUJINTRX Quarterly Results 27-Jan-23
CAPPIPES Bonus issue;Increase in Authorised Capital;Stock  Split 27-Jan-23 HIL Interim Dividend;Quarterly Results 27-Jan-23
CHEMIESYNT Quarterly Results 27-Jan-23 ICSL Quarterly Results 27-Jan-23
CMSINFO Quarterly Results 27-Jan-23 JUMBO General;Quarterly Results 27-Jan-23
COCHMAL Quarterly Results 27-Jan-23 KARANWO Quarterly Results 27-Jan-23
COMPUPN Quarterly Results 27-Jan-23 KRISHNACAP Quarterly Results 27-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ABIRAFN 27-Jan-23 Buy Back of Shares ACGL 01-Feb-23 Interim Dividend – Rs. – 2.50
HINDZINC 27-Jan-23 Interim Dividend – Rs. – 13 DCMSHRIRAM 01-Feb-23 Interim Dividend – Rs. – 5.80
METROBRAND 27-Jan-23 Interim Dividend – Rs. – 2.50 MASTEK 01-Feb-23 Interim Dividend – Rs. – 7
PBAINFRA 27-Jan-23 E.G.M. MFL 01-Feb-23 Interim Dividend – Rs. – 2.50
PGINVIT 27-Jan-23 Income Distribution (InvIT) THANGAMAYL 01-Feb-23 Interim Dividend – Rs. – 6
SURYAROSNI 27-Jan-23 Interim Dividend – Rs. – 3 TVSMOTOR 01-Feb-23 Interim Dividend – Rs. – 5
360ONE 30-Jan-23 Interim Dividend – Rs. – 17 ZENITHEXPO 01-Feb-23 E.G.M.
ASCENSIVE 30-Jan-23 E.G.M. ACCELYA 02-Feb-23 Interim Dividend – Rs. – 35
BANARBEADS 30-Jan-23 Interim Dividend – Rs. – 2 COFORGE 02-Feb-23 Interim Dividend – Rs. – 19
BAZELINTER 30-Jan-23 E.G.M. EMBASSY 02-Feb-23 Income Distribution RITES
LTIM 30-Jan-23 Interim Dividend – Rs. – 20 NTPC 02-Feb-23 Interim Dividend
SIEMENS 30-Jan-23 Final Dividend – Rs. – 10 SAREGAMA 02-Feb-23 Interim Dividend – Rs. – 3
CCL 31-Jan-23 Interim Dividend – Rs. – 3 SHUKRAPHAR 02-Feb-23 Right Issue of Equity Shares
MONIND 31-Jan-23 E.G.M. TANAA 02-Feb-23 Interim Dividend – Rs. – 2
RKFORGE 31-Jan-23 Interim Dividend – Rs. – 0.50 TORNTPHARM 02-Feb-23 Interim Dividend
WENDT 31-Jan-23 Interim Dividend – Rs. – 30 VEDL 02-Feb-23 Interim Dividend

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