The NIFTY opened at 17859.10 without much of a gap. Prices have initially moved up but started drifting downward soon after recording its intraday high at 17880.70. The index has seen a sharp decline, went below 17800, and then saw a relief rally which again found resistance and prices moved down to record its intraday low at 17719.75. Prices have seen a mild recovery and a sharp decline in the last 30 minutes of trading. The index finally closed at 17770.90 with a loss of 85.60 points or 0.48% down. All the sectoral indices have moved down today and ended with a loss except FMCG which gained 0.04% MEDIA led the bears today by ending 2.45% lower followed by IT, REALTY, and METAL. The short-term trend is sideways now which was up before as the NIFTY closed below the breakout point of 17800. Moreover, the index is moving range bound for the past few trading days. For the time being, we should step aside and avoid trading the index. We should wait for a breakout first and then plan our trade accordingly.


The BANK NIFTY opened at 41563.50 without much of a gap. Prices have initially tried to move higher but failed to do so and turned down after recording its intraday high at 41662.55. A sharp decline brought prices to its intraday low at 41157.90 and then the index started a consolidation process. Prices remained sideways till the end and finally closed at 41260.85 with a loss of 282 points. PSU BANK has underperformed today, saw a sharp intraday decline, and closed lower by 2.52%. PVT BANK has also moved down today and closed lower by 0.78%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while SBIN contributed the lowest. The short-term trend is sideways. We have identified a narrow trading range inside 41000-41800. The trading range remained intact for the seventh trading day. Since the range is very narrow so we may see a breakout soon.


HDFC 2699.85 BUY The stock is about to give a breakout on the intraday as well as the daily chart. The stock can be bought above 2702 with a stop loss of 2688 and a target of 2730
  TECH M 1002.50 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1000.55 with a stop loss of 1004.80 and a target of 992.55.


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
GLENMARK.23.02 Feb 423.05 5.43 6.6 6045050 CUB.23.02 Feb 135.2 -15.71 51.96 16465000
TITAN.23.02 Feb 2518.25 1.92 5.64 7162500 IDFC.23.02 Feb 78 -14.29 2.48 151520000
METROPOLIS.23.02 Feb 1311 1.91 7.72 965600 BALKRISIND.23.02 Feb 2045.35 -10.94 15.64 2018700
BAJAJ-AUTO.23.02 Feb 3892.25 1.26 1.46 1546750 NAUKRI.23.02 Feb 3451.05 -9.9 26.26 2299875
EICHERMOT.23.02 Feb 3258.5 1.09 0.97 3146850 LUPIN.23.02 Feb 674.7 -8.52 30.96 9004050
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NATIONALUM.23.02 Feb 78.9 2.67 -0.08 61717500 AMBUJACEM.23.02 Feb 340.7 -5.73 -0.31 69656400
HAL.23.02 Feb 2452 1.98 -0.58 2785200 IBULHSGFIN.23.02 Feb 114.1 -3.26 -0.81 40544000
LT.23.02 Feb 2205.8 1.84 -2.59 7929000 PERSISTENT.23.02 Feb 4733 -3.04 -3 723100
NTPC.23.02 Feb 168.2 1.54 -0.36 68343000 ABBOTINDIA.23.02 Feb 20238.6 -2.69 -6.65 49960
HONAUT.23.02 Feb 38463.3 1.04 -0.24 24990 INDIAMART.23.02 Feb 4669.95 -2.49 -2.69 331050


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1567.45 Nifty50 17770.9 -0.48 86211
Wipro Ltd 400.6 Niftybank 41282.2 -0.67 86211
Reliance Industries Ltd 2323.35 Nifty it 30289.65 -1.88 86211
Zee Entertain. 218.35 India Vix 13.68 7.38 86211
Larsen & Toubro Limited 2203.3 Nifty Fmcg 45508.4 0.04 86211
Acc Limited 1823.15 Nifty Pharma 12268.1 -0.48 86211
Itc Ltd. 374.2 Nifty Realty 407.85 -1.68 86211
Hcl Technologies Ltd. 1113 Nifty Auto 13154.35 -0.61 86211
Hindustan Unilever Ltd 2581 Nifty Metal 5704.75 -1.19 86211
Tata Steel Limited 108.75 Nifty Financial Services 18428.95 -0.47 86211


   Domestic                                                                                                                                                  International
INR: WPI Inflation (YoY) (Jan) 14th February, 2023

INR: Trade Balance 15th February, 2023

 USD: Core CPI (MoM) (Jan) on 14th  February, 2023

USD: Retail Sales (MoM) (Jan) on 15th  February, 2023


  • Benchmark indices ended lower for the second consecutive session on February 13 amid selling across the sectors barring capital goods. At Close, the Sensex was down 250.86 points or 0.41% at 60,431.84, and the Nifty was down 85.60 points or 0.48% at 17,770.90. About 1235 shares have advanced, 2261 shares declined, and 160 shares are unchanged.

  • Nykaa on February 13 reported a consolidated net profit of Rs 8.5 crore for the quarter ended December 2022 (Q3FY23) as against Rs 29 crore a year ago, declining 71 percent on a YoY basis. It grew 63 percent sequentially.

  • Coforge Ltd. declined as much as 7.71% on Monday amid a report of a likely promoter stake sale. The company, formerly known as NIIT Technologies, had about six million shares change hands on the National Stock Exchange, according to data compiled by Bloomberg

  • SEBI has invited expressions of interest to empanel auditors to conduct a forensic audit of all domestic mutual funds, their asset management companies and trustees, according to a newspaper advertisement.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
1STCUS Quarterly Results 14-Feb-23 ALKA Quarterly Results 14-Feb-23
4THGEN Quarterly Results 14-Feb-23 ALNATRD Quarterly Results 14-Feb-23
A2ZINFRA Quarterly Results 14-Feb-23 ALPA Quarterly Results 14-Feb-23
AAIL Quarterly Results 14-Feb-23 ALPSMOTOR Quarterly Results 14-Feb-23
AANCHALISP Quarterly Results 14-Feb-23 AMARSEC Quarterly Results 14-Feb-23
ABATEAS General;Quarterly Results 14-Feb-23 AMINTAN Quarterly Results 14-Feb-23
ABHISHEK Quarterly Results 14-Feb-23 AMRAPLIN General;Quarterly Results 14-Feb-23
ACEMEN General;Quarterly Results 14-Feb-23 AMRUTANJAN Interim Dividend;Quarterly Results 14-Feb-23
ACESOFT Quarterly Results 14-Feb-23 ANANDPROJ Quarterly Results 14-Feb-23
ACFL Quarterly Results 14-Feb-23 ANDREWYU Quarterly Results 14-Feb-23
ACIIN Quarterly Results 14-Feb-23 ANG Quarterly Results 14-Feb-23
ADANIENT Quarterly Results 14-Feb-23 ANIKINDS Quarterly Results 14-Feb-23
ADITYA General;Quarterly Results 14-Feb-23 ANKIN Quarterly Results 14-Feb-23
ADLINE General;Quarterly Results 14-Feb-23 ANSINDUS Quarterly Results 14-Feb-23
ADSDIAG General;Quarterly Results 14-Feb-23 ANUPAM Quarterly Results 14-Feb-23
ADVLIFE Quarterly Results 14-Feb-23 APIL Quarterly Results 14-Feb-23
ADVMULT Quarterly Results 14-Feb-23 APIS Quarterly Results 14-Feb-23
ADVPETR-B Quarterly Results 14-Feb-23 APOLLOHOSP Interim Dividend;Quarterly Results 14-Feb-23
AFEL Quarterly Results 14-Feb-23 APTPACK Quarterly Results 14-Feb-23
AGIIL Quarterly Results 14-Feb-23 ARCOTECH General;Quarterly Results 14-Feb-23
AHL Quarterly Results 14-Feb-23 ARHNTTO Quarterly Results 14-Feb-23
AHLEAST Quarterly Results 14-Feb-23 ARIHANT Quarterly Results 14-Feb-23
AICHAMP Quarterly Results 14-Feb-23 ARMANFIN Quarterly Results 14-Feb-23
AISHWARYA Issue Of Warrants;General;Preferential Issue of shares;Quarterly Results 14-Feb-23 ARNOLD Quarterly Results 14-Feb-23
AJANTSOY Quarterly Results 14-Feb-23 AROMAENT General;Quarterly Results 14-Feb-23
ALAN SCOTT Quarterly Results 14-Feb-23 ARSHIYA General;Quarterly Results 14-Feb-23
ALANKIT Quarterly Results 14-Feb-23 ARSSINFRA Quarterly Results 14-Feb-23
ALFATRAN Quarterly Results 14-Feb-23 ARVINDFASN Quarterly Results 14-Feb-23
ALFAVIO General;Quarterly Results 14-Feb-23 ASFLORA Quarterly Results 14-Feb-23
ALFL Quarterly Results 14-Feb-23 ASHCAP Quarterly Results 14-Feb-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GATEWAY 14-Feb-23 Interim Dividend – Rs. – 0.7500 ALKEM 17-Feb-23 Special Dividend – Rs. – 25.0000
HIKAL 14-Feb-23 Interim Dividend – Rs. – 0.6000 AUROPHARMA 17-Feb-23 Interim Dividend – Rs. – 3.0000
KPRMILL 14-Feb-23 Interim Dividend – Rs. – 2.0000 BALKRISIND 17-Feb-23 Interim Dividend
MGL 14-Feb-23 Interim Dividend – Rs. – 10.0000 BECTORFOOD 17-Feb-23 Interim Dividend – Rs. – 1.2500
WHEELS 14-Feb-23 Interim Dividend – Rs. – 3.0000 BLS 17-Feb-23 Interim Dividend – Rs. – 0.5000
7TEC 15-Feb-23 Interim Dividend – Rs. – 1.0000 CANTABIL 17-Feb-23 Interim Dividend – Rs. – 2.0000
AARTIIND 15-Feb-23 Interim Dividend – Rs. – 1.0000 COROMANDEL 17-Feb-23 Interim Dividend – Rs. – 6.0000
CAMS 15-Feb-23 Interim Dividend – Rs. – 10.5000 DATAINFRA 17-Feb-23 Income Distribution (InvIT)
DALMIASUG 15-Feb-23 Interim Dividend – Rs. – 3.0000 DCW 17-Feb-23 Interim Dividend – Rs. – 0.2000
ITC 15-Feb-23 Interim Dividend – Rs. – 6.0000 FSL 17-Feb-23 Interim Dividend – Rs. – 3.5000
MANAPPURAM 15-Feb-23 Interim Dividend – Rs. – 0.7500 HEROMOTOCO 17-Feb-23 Interim Dividend – Rs. – 65.0000
PRADPME 15-Feb-23 Interim Dividend – Rs. – 1.0000 INOXLEISUR 17-Feb-23 Amalgamation
SAHYADRI 15-Feb-23 Interim Dividend – Rs. – 2.5000 IOLCP 17-Feb-23 Interim Dividend – Rs. – 4.0000
STL 15-Feb-23 Stock  Split From Rs.10/- to Rs.2/- IRCON 17-Feb-23 Interim Dividend – Rs. – 1.8000
TIINDIA 15-Feb-23 Interim Dividend – Rs. – 2.0000 JBCHEPHARM 17-Feb-23 Interim Dividend – Rs. – 8.5000
CHAMBLFERT 16-Feb-23 Interim Dividend – Rs. – 4.5000 JKPAPER 17-Feb-23 Interim Dividend – Rs. – 4.0000
MAANALU 16-Feb-23 Interim Dividend – Rs. – 1.0000 KCDGROUP 17-Feb-23 Stock  Split From Rs.5/- to Rs.1/-
SHBAJRG 16-Feb-23 E.G.M. KIRLFER 17-Feb-23 Interim Dividend – Rs. – 2.5000
SHREECEM 16-Feb-23 Interim Dividend – Rs. – 45.0000 MINDACORP 17-Feb-23 Interim Dividend – Rs. – 0.4000
ALKEM 17-Feb-23 Interim Dividend – Rs. – 15.0000 NHPC 17-Feb-23 Interim Dividend – Rs. – 1.4000

Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014

Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.

For analyst certification and other important disclosures, see the Disclosure Appendix, or go to Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Disclosure Appendix
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited,

The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.

As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:

(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and

(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.

For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
Research Excerpts

This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit
Company-Specific Disclosures

Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting, or emailing with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail
Options related research:

If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at
Other Disclosures

All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person.
Ownership and material conflicts of interest Disclosure

Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, board member or employee of any company in the analyst’s area of coverage.
Country Specific Disclosures
India – For private circulation only, not for sale.
Legal Entities Disclosures

Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website:
EWL discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
1. Reports
a) EWL or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
2. Compensation
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL