the NIFTY opened at 17166.45 with a gap up of 123 points. The index falled to build on the opening gains and started drifting downwards after recording its intraday high at 17211.35. Prices have seen a sharp intraday decline, filled the gap, and then started a consolidation process. That consolidation broke on the downside and the index again moved down. Prices went below 17000 and recorded its intraday low at 16938.90. The index finally closed at 16972.15 near its day’s lows with a loss of 71.15 points or 0.42% down. METAL outperformed today and closed with a gain of 1.80% followed by PHARMA which ended 0.31% higher, MEDIA, BANK, and FINANCIAL led the bears today and ended with a loss. The short-term trend is down. The index is making a classical pattern of lower highs and lower lows on the daily timeframe chart. As mentioned before, the first sign of a trend reversal will come when the index crosses above the previous swing low of around 17250.A strong support zone is visible around the 16800-17000 ranges. The NIFTY is now trading within this zone. Resistance is visible around the 17250-17300 range. We should look for a trading opportunity on an intraday basis.


The BANK NIFTY opened at 39777.90 with a big gap up of 296 points. The index could not sustain at the higher levels and started drifting downwards after recording its intraday high at 39914.10. Prices have kept on sliding lower with minor intraday rallies and recorded its intraday low at 38934.65. The index finally closed at 39020.80 with a loss of 461 points. PSU BANK has underperformed today and ended lower by 1.21% PVT BANK has also moved down today and closed lower by 0.85% Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The trend is down as the index is making a classical pattern of lower highs and lower lows. Since the volatility is also rising so, for the time being, we should avoid taking carry-forward trade and shift our focus to intraday trading only.


TATA STEEL 108.65 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 108.90 with a stop loss of 108.40 and a target of 110.
INDUS IND BANK 1044.35 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1039.80 with a stop loss of 1050.90 and a target of 1017.55.


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
ADANIENT.23.03 Mar 1845 5.75 1.05 9431500 MOTHERSON.23.03 Mar 76.3 -3.66 4.25 62795250
GMRINFRA.23.03 Mar 41.5 4.53 12.43 129667500 IDEA.23.03 Mar 6.45 -3.01 1.56 436940000
IEX.23.03 Mar 152.25 4.17 7.8 39757500 RBLBANK.23.03 Mar 142.6 -2.89 2.19 32200000
PETRONET.23.03 Mar 238.15 3.59 14.98 15684000 BANKBARODA.23.03 Mar 159.5 -2.39 5.58 93149550
DALBHARAT.23.03 Mar 1789 1.88 3.69 2008000 CANBK.23.03 Mar 281.25 -2.33 1.14 39571200
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIPORTS.23.03 Mar 683 3.76 -0.15 38526875 ASTRAL.23.03 Mar 1349 -3.6 -0.44 2343295
AMBUJACEM.23.03 Mar 366.7 3.41 -1.78 62317800 GUJGASLTD.23.03 Mar 492 -2.21 -1.62 4693750
ASIANPAINT.23.03 Mar 2842.15 2.94 -0.59 6720800 SRF.23.03 Mar 2280.65 -1.59 -0.45 3257250
PAGEIND.23.03 Mar 37457.55 2.85 -0.29 129885 COROMANDEL.23.03 Mar 872 -1.55 -0.21 1661100
GLENMARK.23.03 Mar 429.9 2.77 -3.62 4785000 IBULHSGFIN.23.03 Mar 101 -1.32 -0.74 47904000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Adanient 1839 5.8 12296703 1844506 14.55 Nifty50 16972.15 -0.42 112422
Gmr Airports Infrastruct 41.35 4.82 34395621 3613475 32.88 Niftybank 39051.5 -0.91 112359
Indian Energy Exchange l 151.45 4.23 24728907 1710764 34.71 Nifty it 28716.5 -0.24 112359
Adaniports 679.35 3.8 15514873 2656640 14.64 India Vix 16.3 0.46 112644
Petronet Lng Limited 236.7 3.32 4373663 2130113 52.9 Nifty Fmcg 44464.35 -0.56 112359
Ambuja Cements Ltd 365.15 3.32 17244370 3451137 19.05 Nifty Pharma 11633.95 0.31 112359
Page Industries Limited 37443.8 3.18 26493 13821 48.49 Nifty Realty 383 -0.85 112359
Asian Paints Limited 2827.4 2.98 2170346 653974 61.67 Nifty Auto 12282 -0.51 112359
Glenmark Pharma Ltd 428.15 2.97 698601 1216916 72.93 Nifty Metal 5616.5 1.8 112359
Metropolis Healthcare Li 1264.9 2.85 179393 86402 55.57 Nifty Financial Services 17410.75 -0.77 112359


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

INR: Infrastructure Output (YoY) (Feb) 31st March, 2023

 USD: Initial Jobless Claims on 16th March, 2023

USD: Building Permits (Feb) on 16th March, 2023


  • Indian benchmark indices ended lower in the highly volatile session on March 15 with Nifty below 17000. At close, the Sensex was down 344.29 points or 0.59% at 57,555.90, and the Nifty was down 71.10 points or 0.42% at 16,972.20. About 1508 shares advanced, 1924 shares declined, and 119 shares unchanged

  • India’s trade deficit came in at $17.43 billion in February 2023, which is narrower as compared to $18.75 billion in the year-ago period, as per the official data released on March 15. The numbers are also marginally lower as compared to the preceding month, as the trade deficit stood at $17.76 billion in January 2023.

  • PVR-Inox has announced the opening of new multiplexes in Chennai, Hyderabad, Nalasopara and Lucknow, as part of its rapid screen expansion plan. With almost 1,650 screens to its name, the combined entity is now the fifth-largest multiplex chain in the world. It plans to add 200 every year.

  • The share price of KPIT Technologies gained 7 percent on Wednesday after the company announced partnership with Honda to accelerate Honda’s software-defined mobility journey.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABHIJIT Rights Issue 16-Mar-23 GAL Issue Of Warrants;General;Preferential Issue of shares 17-Mar-23
ABSLAMC Interim Dividend 16-Mar-23 GCMCAPI General 17-Mar-23
BCONCEPTS Employees Stock Option Plan;Interim Dividend;General 16-Mar-23 GCMCOMM General 17-Mar-23
CASPIAN General;Preferential Issue of shares 16-Mar-23 GCMSECU General 17-Mar-23
GLS Interim Dividend 16-Mar-23 GLOBALCA Bonus issue;General 17-Mar-23
KMSMEDI General 16-Mar-23 GMRINFRA General 17-Mar-23
KRRAIL Issue Of Warrants 16-Mar-23 GREENCREST General 17-Mar-23
RADHIKAJWE Stock  Split 16-Mar-23 JACKSON General 17-Mar-23
SAIL Interim Dividend 16-Mar-23 JMDVL General 17-Mar-23
SAMRATPH General 16-Mar-23 KENVI Stock  Split 17-Mar-23
SCL General;Rights Issue 16-Mar-23 KHOOBSURAT General 17-Mar-23
SKCIL Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 16-Mar-23 NCLRESE General 17-Mar-23
SPRAYKING Bonus issue;General 16-Mar-23 PRIMECAPM General 17-Mar-23
STYRENIX Interim Dividend 16-Mar-23 PSITINFRA General 17-Mar-23
TRL Issue Of Warrants;General 16-Mar-23 RHETAN General 17-Mar-23
VIRATCRA Quarterly Results 16-Mar-23 RISHYRN General 17-Mar-23
ADCON General 17-Mar-23 SILVERPRL General 17-Mar-23
BEL Interim Dividend 17-Mar-23 TUNITEX General 17-Mar-23
BIGBLOC General 17-Mar-23 VARIMAN General 17-Mar-23
FIBERWEB General 17-Mar-23 VBIND General 17-Mar-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
MEDICO 16-Mar-23 Stock  Split From Rs.10/- to Rs.2/- STANCAP 21-Mar-23 E.G.M.
SBILIFE 16-Mar-23 Interim Dividend – Rs. – 2.5000 SUNTV 21-Mar-23 Interim Dividend – Rs. – 2.5000
TAPARIA 16-Mar-23 Interim Dividend – Rs. – 77.5000 MIDHANI 23-Mar-23 Interim Dividend
TINEAGRO 16-Mar-23 Reduction of Capital ABSLAMC 24-Mar-23 Interim Dividend
BI 17-Mar-23 E.G.M. AJANTPHARM 24-Mar-23 Buy Back of Shares
CAPRIHANS 17-Mar-23 E.G.M. BEL 24-Mar-23 Interim Dividend
HITECH 17-Mar-23 Stock  Split From Rs.10/- to Rs.1/- GLS 24-Mar-23 Interim Dividend
NETTLINX 17-Mar-23 Interim Dividend – Rs. – 0.4000 SAIL 24-Mar-23 Interim Dividend
ROJL 17-Mar-23 Stock  Split From Rs.10/- to Rs.2/- STYRENIX 24-Mar-23 Interim Dividend
TCMLMTD 17-Mar-23 E.G.M. VIVANZA 24-Mar-23 Stock  Split From Rs.10/- to Rs.1/-
VIVANTA 17-Mar-23 Stock  Split From Rs.10/- to Rs.1/- VKAL 24-Mar-23 E.G.M.
CSL 20-Mar-23 Stock  Split From Rs.10/- to Rs.2/- BHARATAGRI 29-Mar-23 Stock  Split From Rs.10/- to Rs.1/-
HAL 20-Mar-23 Interim Dividend – Rs. – 20.0000 CRISIL 31-Mar-23 Final Dividend – Rs. – 23.0000
SRUSTEELS 20-Mar-23 Interim Dividend – Rs. – 0.1000 DWARKESH 31-Mar-23 Interim Dividend
UJJIVAN 20-Mar-23 Interim Dividend – Rs. – 5.0000 SCHAEFFLER 11-Apr-23 Final Dividend – Rs. – 24.0000
AGIIL 21-Mar-23 Interim Dividend – Rs. – 1.0000 HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000
GAIL 21-Mar-23 Interim Dividend – Rs. – 4.0000 JETINFRA 21-Apr-23 Bonus issue 1:1
HUDCO 21-Mar-23 Interim Dividend – Rs. – 0.7500 NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000
KAMAHOLD 21-Mar-23 Interim Dividend – Rs. – 84.0000 VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
KDDL 21-Mar-23 Interim Dividend – Rs. – 2.0000 ABB 27-Apr-23 Dividend – Rs. – 5.5000
NATIONALUM 21-Mar-23 Interim Dividend – Rs. – 2.5000 KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
PODARPIGQ 21-Mar-23 Interim Dividend – Rs. – 3.5000 SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000

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