MARKET STRATEGY

February 28th, 2023

Indian Market Change (%)

Trading Strategy:
Last Close 1 day YTD
Sensex 59288 (0.3) (3.1)
Short Term (2-3 days): Buy Crisil at 3330-3345. Stop
Nifty 17393 (0.4) (4.4)
Loss: 3230. Target:3460.
Nifty Bank 40307 0.8 (6.7)

Nifty Midcap 50 8418 (0.7) (4.6) Trading ideas (Time period: 1- 2days): Buy SBIN
@523-528. Stop Loss: 515. Target:542,
Nifty Smallcap 50 4127 (1.4) (5.9)

Trading Strategy (Time Period: 1 month) : BUY

Developed Markets Change(%) ICICI Bank at 850-857. Stop Loss: 838. Target: 890,
Last Close 1 day YTD
Technical View: Nifty is likely to find support at
Dow Jones 32,889.09 0.22% (.75%) around 17200. 18050 is likely to act as resistance.
Nasdaq 11,466.98 0.63% 10.40% Bank Nifty is likely to find support at around 39800.
S&P 500 3982.24 0.31% 4.13% 41100 is likely to act as resistance on the upside.
Hang Seng 19943 (0.3) (1.0)
Asian markets have opened in the green today, on
Nikkei 27,424 (0.1) 6.6 the back of positive overnight cues from US equity
markets. Japanese 'Nikkei' is up by 158.5 points.
Institutional Activity (`cr) Kospi is up by 21.26 points. ASX is up by 35.20
Cash YTD points.
FII -2023 -238221

DII 2232 258376

*Provisional Figures

Advance/Decline stocks No. (NSE)

27-Feb-23 24-Feb-23
Adv 356 724
Dec 1550 1168

NIFTY
21,000
19,000
17,000
15,000
13,000
11,000
9,000
24-Jun-22
24-Feb-22

24-Sep-22

24-Oct-22

24-Feb-23
24-Apr-22

24-Jul-22

24-Aug-22

24-Jan-23
24-Nov-22
24-Mar-22

24-May-22

24-Dec-22

Close
 DERIVATIVE
Current
OI
FutChg OI in OI PCR PCR ATM Max CE Max PE Rollovers
Index Spot Future Basis v/s
(%) Shares Chg OI VOL IV Buildup Buildup (%)
Total OI
(%)
Nifty 17393 17498 (0.3) 105 24.0 128.4 6.7 0.72 0.88 13.6 19000.00 18500.00 13.5

BankNifty 40307 40548 0.9 241 15.1 44.2 14.8 1.04 0.99 16.9 44500.0 43500.0 42.0

OI Gainers
OI OI Chg Price Derivative Snippets
Underline Price Action
(lakhs) (%) Chg (%)
Short
MPHASIS 19 18.8 2045 (7.3)
Buildup
Nifty/Bank Nifty Weekly expiry update:
Short
ESCORTS 12 15.3 1969 (2.0)
Buildup  On the options front (2nd March 2023 expiry): In
GNFC 89 8.3 534 (3.7)
Short Nifty, 17500 put option has seen decrease in
Buildup
writing positions. Thus, we expect Nifty to trade
OI Losers with a bearish bias.
OI OI Chg Price  Nifty PCR stood at 0.72x vs 0.79x.
Underline Price Action
(lakhs) (%) Chg (%)
Long  FII’s index future long short ratio stood at 0.21x
AARTIIND 41 (5.7) 539 (0.1)
Unwinding
Short
vs 0.22x.
COROMANDEL 17 (4.9) 896 0.5
Covering  FIIs were net sellers, yesterday, in the cash
Long
BAJAJ-AUTO 12 (3.9) 3661 (5.3)
Unwinding market segment to the tune of Rs -2,022.52.

Nifty Weekly Active Strikes

Price FII Long-Short Activity
OI % OI Change
Strikes Price Chng OI
Chng (%) since Expiry % Chg Long- Long-Short
(%) %
Index OI Since Short Ratio
17600CE 23.9 (55.5) 106 10.7 136.2 Chg
Exp Ratio since Exp
17500CE 49 (47.5) 80 36.5 110.7 Future Index
31 2 (6)
Long 0.21 0.9
17400CE 91 (39.1) 75.1 516.7 1710.5 Future Index
147 7 7
Short
17400PE 78 16.0 63.3 56.9 166.2 Option Index
720 18 38
17300PE 42 8.3 40 22.8 104.1 Call Long 1.4 1.0
Option Index
531 6 33
Call Short
Since Expiry Option Index 826 15 26 1.9 0.7
OI Chg Price Chg Rollover Put Long
Underline OI 424 28 72
(%) (%) (%) Option Index
NIFTY 128.4 13.9 (0.1) 13.5 Put Short

BANKNIFTY 44.2 57.6 1.4 42.0

ESCORTS 12.3 26.8 (3.6) 1.2

MPHASIS 19.1 26.7 (6.3) 1.3

 DERIVATIVE

Cash and carry arbitrage Reverse cash and carry arbitrage

Spot Futures Basis

Spot Futures Basis Underline Basis Action
Underline Basis Action Price Price (%)
Price Price (%) INDUSTO Sell cash and
167.00 159.20 (7.80) (4.7)
WER Buy future
Buy cash and INDIAMAR (98.60 Sell cash and
GMRINFRA 37.45 37.75 0.30 0.8 4745.60 4647.00 (2.1)
Sell future T ) Buy future
CANFINHO 570.2 Buy cash and SHREECE 25649.0 25154.0 (494.9 Sell cash and
574.75 4.55 0.8 (1.9)
ME 0 Sell future M 0 5 5) Buy future
151.5 Buy cash and
RAIN 152.70 1.20 0.8
0 Sell future
PCR Volume
PCR Open Interest Underline Current Previous % Change
Underline Current Previous % Change
HONAUT 4.19 0.51 7.19
HONAUT 2.52 0.70 2.61
MPHASIS 1.47 0.23 5.41
BANKNIFTY 1.04 0.62 0.68
DALBHARAT 0.73 0.15 3.74
ATUL 0.58 1.76 (0.67)
INTELLECT 0.41 0.09 3.71
SYNGENE 0.85 0.55 0.55
LTIM 1.15 0.29 2.97
TORNTPHARM 1.05 1.67 (0.37)
LTTS 0.64 0.17 2.64
BAJAJ-AUTO 0.63 0.93 (0.32)
BALRAMCHIN 1.22 0.41 1.97
NTPC 0.32 0.46 (0.30)
GLENMARK 0.92 0.31 1.92
DRREDDY 0.55 0.43 0.29
SYNGENE 0.73 0.30 1.46
PVR 0.53 0.74 (0.29)
AUBANK 0.65 0.28 1.30
MPHASIS 0.56 0.44 0.28

Historical Volatility of Active Stocks

FII Vs Retail Long-Short ratio
2.5 60 HV % Chg
50
2.0
40
1.5
FII 30
1.0 Retail Clients 20

0.5 10

0
0.0 BAJAJ-AUTO MPHASIS ZEEL UPL MOTHERSON
L/S Fut L/S CE Options L/S PE Option
 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200- CMP Suppor Resistan 50- 200-
Company Company
(Rs) t* ce* DMA DMA (Rs) t* ce* DMA DMA
AARTIIND 537 524 548 569 703 CIPLA 950 943 963 1049 1039
ABBOTINDIA 20582 20203 20811 21257 19471 COALINDIA 217 215 218 219 215
ABCAPITAL 142 140 143 146 121 COFORGE 4274 4159 4385 4111 3795
ABFRL 231 227 233 265 286 COLPAL 1460 1448 1469 1495 1559
ACC 1695 1660 1728 2172 2281 CONCOR 590 584 596 674 692
ADANIENT 1194 1112 1295 2893 2985 COROMANDEL 892 881 900 892 953
ADANIPORTS 562 553 572 699 777 CROMPTON 301 296 304 326 360
ALKEM 3273 3252 3295 3102 3104 CUB 135 134 136 160 164
AMARAJABAT 559 550 571 589 542 CUMMINSIND 1568 1551 1586 1473 1262
AMBUJACEM 330 322 341 448 450 DABUR 526 522 532 553 549
APLLTD 510 502 524 548 632 DALBHARAT 1838 1807 1877 1860 1623
APOLLOHOSP 4440 4405 4485 4430 4255 DEEPAKNTR 1809 1778 1828 1892 1992
APOLLOTYRE 314 309 319 324 268 DELTACORP 182 180 184 203 206
ASHOKLEY 141 138 143 147 146 DIVISLAB 2859 2830 2902 3208 3521
ASIANPAINT 2750 2730 2764 2887 3063 DIXON 2779 2723 2817 3298 3825
ASTRAL 1873 1842 1891 1984 1960 DLF 350 344 353 366 365
ATUL 7031 6940 7130 7543 8303 DRREDDY 4421 4354 4490 4362 4321
AUBANK 597 589 603 633 696 EICHERMOT 3131 3087 3190 3224 3207
AUROPHARMA 458 453 467 443 505 ESCORTS 1982 1952 2016 2091 1914
AXISBANK 854 847 860 903 795 EXIDEIND 173 172 175 181 165
BAJAJ-AUTO 3640 3577 3751 3709 3758 FEDERALBNK 129 127 130 133 117
BAJAJFINSV 1357 1346 1368 1418 6649 FSL 113 111 116 109 107
BAJFINANCE 6195 6139 6245 6211 6511 GAIL 104 103 106 97 112
BALKRISIND 2044 2017 2060 2162 2101 GLENMARK 432 427 439 418 401
BALRAMCHIN 359 351 365 380 370 GMRINFRA 37 37 38 39 37
BANDHANBNK 227 224 230 238 266 GNFC 531 517 552 551 633
BANKBARODA 159 155 161 173 140 GODREJCP 914 902 927 916 863
BATAINDIA 1392 1374 1418 1556 1734 GODREJPROP 1094 1071 1107 1198 1279
BEL 95 94 96 98 171 GRANULES 281 279 286 306 309
BERGEPAINT 557 551 561 567 604 GRASIM 1572 1555 1586 1655 1604
BHARATFORG 822 813 830 867 773 GSPL 278 274 285 269 247
BHARTIARTL 753 743 759 786 755 GUJGASLTD 504 499 510 480 488
BHEL 67 66 68 77 64 HAL 2573 2534 2596 2501 2274
BIOCON 230 225 233 247 288 HAVELLS 1169 1152 1187 1177 1222
BOSCHLTD 17878 17572 18092 17357 16356 HCLTECH 1084 1077 1091 1090 1019
BPCL 320 316 323 336 325 HDFC 2592 2566 2610 2659 2447
BRITANNIA 4388 4352 4447 4425 3936 HDFCAMC 1804 1780 1827 2019 1982
BSOFT 278 272 284 291 315 HDFCBANK 1593 1580 1602 1629 1494
CANBK 276 271 279 306 257 HDFCLIFE 489 481 494 556 556
CANFINHOME 570 563 575 555 532 HEROMOTOCO 2438 2416 2474 2674 2698
CHAMBLFERT 271 267 277 299 318 HINDALCO 412 404 417 460 420
CHOLAFIN 762 752 770 733 715 HINDCOPPER 97 95 99 114 108
 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200- CMP Suppor Resistan 50- 200-
Company Company
(Rs) t* ce* DMA DMA (Rs) t* ce* DMA DMA
HINDPETRO 214 211 218 237 232 MCX 1385 1369 1398 1491 1389
HINDUNILVR 2468 2454 2485 2587 2522 METROPOLIS 1309 1292 1333 1328 1475
HONAUT 34988 34510 35808 39368 38512 MFSL 699 685 707 745 762
IBULHSGFIN 100 98 102 130 123 MGL 874 867 881 871 832
ICICIBANK 856 841 865 868 840 MPHASIS 2040 1991 2120 2062 2165
ICICIGI 1097 1085 1105 1181 1195 MRF 85143 84368 86352 89554 83722
ICICIPRULI 405 395 411 447 503 MUTHOOTFIN 959 948 968 1039 1059
IDEA 7 7 7 7 8 NAM-INDIA 216 214 220 240 269
IDFC 74 74 75 83 69 NATIONALUM 78 77 79 81 79
IDFCFIRSTB 54 54 55 58 49 NAUKRI 3520 3488 3549 3739 3902
IEX 143 141 145 139 154 NAVINFLUOR 4091 4010 4195 4087 4148
IGL 436 431 440 425 401 NBCC 33 33 34 37 35
INDHOTEL 315 309 320 311 289 NESTLEIND 18623 18462 18815 19436 18933
INDIACEM 185 182 188 206 209 NMDC 112 111 113 121 120
INDIAMART 4745 4693 4786 4530 4391 NTPC 172 171 174 168 161
INDIGO 1838 1821 1851 2025 1875 OBEROIRLTY 853 841 864 847 875
INDUSINDBK 1082 1069 1092 1168 1076 OFSS 3159 3135 3180 3086 3114
INDUSTOWER 167 165 169 174 195 ONGC 155 153 157 148 141
INFY 1509 1494 1532 1537 1512 PAGEIND 37796 37483 38160 40598 45063
IOC 77 76 77 79 81 PEL 784 771 798 835 1211
IPCALAB 811 804 817 855 898 PERSISTENT 4822 4748 4885 4388 3790
IRCTC 600 594 606 637 668 PETRONET 223 220 225 218 215
ITC 382 378 387 352 322 PFC 143 141 146 146 123
JINDALSTEL 553 545 560 583 465 PFIZER 3805 3782 3827 4099 4233
JKCEMENT 2760 2728 2793 2841 2639 PIDILITIND 2280 2263 2295 2416 2480
JSWSTEEL 681 669 688 735 666 PIIND 3033 2990 3098 3241 3093
JUBLFOOD 434 430 441 484 543 PNB 48 47 49 53 41
KOTAKBANK 1726 1701 1740 1779 1827 POLYCAB 2996 2957 3048 2807 2562
L&TFH 87 86 89 90 81 POWERGRID 219 216 221 215 219
LALPATHLAB 1901 1873 1931 2113 2266 PVR 1529 1498 1581 1686 1800
LAURUSLABS 315 311 318 352 467 RAIN 152 149 154 170 170
LICHSGFIN 351 346 353 392 384 RAMCOCEM 707 698 720 706 699
LT 2114 2084 2142 2154 1906 RBLBANK 152 151 154 166 129
LTIM 4775 4690 4849 4477 4487 RECLTD 112 111 113 118 113
LTTS 3653 3584 3706 3597 3559 RELIANCE 2368 2350 2388 2450 2522
LUPIN 655 646 662 729 687 SAIL 83 82 84 86 80
M&M 1257 1242 1279 1312 1216 SBICARD 747 740 752 764 821
M&MFIN 252 248 257 242 210 SBILIFE 1129 1115 1139 1223 1213
MANAPPURAM 102 101 104 114 104 SBIN 528 521 532 571 539
MARICO 490 484 498 505 510 SHREECEM 25645 25015 26140 24112 22238
MARUTI 8632 8560 8674 8580 8591 SIEMENS 3202 3156 3254 3006 2779
MCDOWELL-N 740 732 747 820 829 SRF 2192 2158 2228 2234 2359
 PIVOTS AND DEALS
CMP Suppor Resistan 50- 200-
Company
(Rs) t* ce* DMA DMA
1203 1190 1218 1295 1273
Bulk Deals
SHRIRAMFIN
Qty Avg
STAR 299 294 302 325 328 Scrip B/
Date name
Institution (`00 price
S
SUNPHARMA 965 959 972 1010 942 0) (`)
27-
SUNTV 427 423 433 470 475 ANMOL SUNIL KUMAR GUPTA S 94 155.2
Feb
SYNGENE 572 565 576 581 577 27-Feb PERFECT GITA KIRTI AMBANI S 372 22.6
TATACHEM 975 962 986 972 999 NAV CAPITAL VCC -
TATACOMM 1184 1173 1198 1282 1161 NAV CAPITAL
27-Feb VITAL S 208 89.8
EMERGING STAR
TATACONSUM 710 700 721 748 769 FUND
TATAMOTORS 418 411 426 418 426
TATAPOWER 200 197 202 206 220
TATASTEEL 106 104 109 115 357
TCS 3332 3302 3376 3376 3273
TECHM 1114 1101 1123 1039 1055
TITAN 2401 2379 2417 2460 2427
TORNTPHARM 1477 1468 1488 1546 1822
TORNTPOWER 503 496 508 480 499
TRENT 1289 1271 1307 1279 1295
TVSMOTOR 1085 1062 1105 1047 965
UBL 1435 1422 1445 1595 1613
ULTRACEMCO 7187 7137 7236 7095 6533
UPL 708 696 730 733 732
VEDL 287 281 294 313 288
VOLTAS 887 872 896 820 906
WHIRLPOOL 1310 1292 1325 1400 1567
WIPRO 390 386 394 397 412
ZEEL 183 175 193 226 243
ZYDUSLIFE 456 450 464 443 396
 EVENT CALENDAR

Corporate Snippets:

 Tata Steel will raise Rs 2150 crore through

non-convertible debentures. The debentures
will pay coupon rate of 8.03%.
 National Company Law Appellate Tribunal
has given a stay against the NCLT order of
initiating insolvency proceedings against Zee
Enterprises.
 The Government has given its approval for
various pre-investment expenditures of
Dibang project of NHPC.

Economy Snippets:

 Government is likely to achieve asset

monetization level that is Rs 55,000 crore
less than its target, in FY 23.
 NTPC, Power Grid and Engineers India have
paid a dividend of Rs 3995 crore to the
Government.
 Fertiliser imports of India in January
increased year-on-year by 3.9% to 19.04 lakh
tonnes.
 December quarter GDP numbers of India will
come tomorrow.
 DISCLAIMER

Recommendation Parameters for Fundamental/Technical Reports:

Buy – Absolute return of over +10%

Accumulate – Absolute return between 0% to +10%
Reduce – Absolute return between 0% to -10%
Sell – Absolute return below -10%

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