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India VIX moved down by 4.12% from 13.57 to 13.04 levels. Volatility has been overall falling down from the last eight sessions and now needs to hold at lower zones for market stability.

Nifty *Put/Call Ratio* (OI) decreased from 1.21 to 1.12 level.

On Option front, Weekly Maximum Call OI is at 18000 then 18200 strike while Maximum Put OI is at 17800 then 17600 strike. Minor Call writing is seen 18000 then 18300 strike while Put writing is seen at 17800 then 17600 strike.

*Option data suggests a broader trading range in between 17400 to 18200 zones while an immediate trading range in between 17700 to 18050 zones.*

For weekly Bank Nifty, Maximum Put OI is at 41500 then 41000 strike and maximum Call OI is placed at 41500 then 43500 strike. We have seen Call writing in 43500 and Put writing is witnessed at 41500 strike.

Bank Nifty Put Call Ratio decreased from 0.90 to 0.86. Implied volatility fell from 18 to 16.9 levels.

Bank Nifty (CMP 41,554.30)
Data setup for Bank Nifty suggests a trading range in between *41000/41250 to 41750/42000 zones.*

Looking ahead at the FII’s derivatives activity, there was short covering in index futures, position unwinding in index options and short built up in stock futures.

In the cash market, FIIs were net sellers to the tune of 145 crores while DII’s were net sellers worth 205 crores. FIIs Index Long Short Ratio increased to 19.20%.

Derivatives data and price set up suggests, Nifty needs to hold above 17850 zones, for an up move towards 18018 then 18081 zones whereas supports are placed at 17777 and 17650 zones.

Bank Nifty has to continue to hold above 41500 zones for an up move towards 41750 and 42000 zones whereas supports are seen at 41250 then 41000 zones.

Thank you. Have a great trading day and weekend ahead..!!

Hi, Team please pass this message to all,

From tomorrow we are starting new portfolio series from our server.
💥Minimum investment of 1.6 lakh
💥Expected daily risk Utmost 3k
💥Expected return of 7-10% monthly, excluding brokerage
💥Fees 10k Initially, weekly 40 % sharing

💥We are taking 25 accounts only for the next two months due to server latency

News and Impact
 
·      Expects market to open on a strong note after US inflation came  Inline with expected and hope of US Fed to cooling down its aggressive stance to hike in interest rate in the 22nd policy meeting. US market climbed up to 2% (recovered after a fall of last five trading sessions) after February CPI inflation reported at 6% in line with expectation at 6% while previous month was 6.4%. Core Inflation reported on expected  line at 5.5%. US Vix fell by 10% on account of surged in US Banks and First Republic Bank rose, after being pummeled in recent days. The US Fed Chairman Powell said recently that FOMC policy makers would make any decision to increase the pace of interest rate hikes based on data, but the collapse of Silicon Valley Bank and the shutdowns of Signature Bank and Silvergate Capital may have upended the Fed's plans. Market is now wagering that the recent turmoil will force the Fed to soften its plans for continued interest-rate increases, even while inflation remains historically high. Asian market surged by 2% and SGX Nifty advance 100 points or 0.5%. Expect markets to bounce back after Nifty fell 700 points or 4% in the last four trading sessions. Positive factor that the February WPI data fell to 25-month low at 3.85% and Brent crude slipped to 2-month low to below $78/bbl. Favorable risk reward ratio and attractive valuation may support domestic bourses. Short covering may not be ruled out on account of rally in the across the global market. Expects beaten down sectors like auto, IT and banking stocks will be bounce back after a fall of 10-15% in the last few sessions. Expects positive for Oil marketing stocks, Paints, cement stocks due to benefit of sharp decline oil price. ICICI Bank will be focus as its ADR gained 2%.
 
·      US Market Update – U.S. stocks finished sharply higher on Tuesday, with the Dow Jones snapping a five-day losing streak as regional banking stocks rose and investors weighed a report showing the rate of inflation slowed over the past year. The Dow closed about 1.1% higher, while the S&P 500 gained 1.7% and the Nasdaq Composite rose 2. Fresh data from the consumer-price index on Tuesday showed inflation rose in February in line with expectations, with the year-over-year rate cooling to 6% from 6.4% in January.
 
·      Global market summary – Rating agency Moody’s cuts outlook on U.S. banking system to negative from stable. Brent Crude fell to 3-month low. US Inflation data reported inline with expectation at 6%. US Dollar Index fell to 1-month low to below 104. US 2-Year and 10-Year Bond Yield surged by half percent each. US Banks bounced back after recent
 
·      Asian Market – Asian stocks climbed on Wednesday as investors wagered that the worst of the global fallout from the American banking sector has passed. Shares rose in Japan, South Korea, Taiwan and Australia (gained over 1% each)
 
·      European Market – European stocks rose the most this year, snapping three days of losses, as US inflation cooled as expected last month and concern eased over wider market repercussions from Silicon Valley Bank’s collapse. UK, Germany and France Index soared 2% each.
 
·      Oil – Brent Crude slipped 3% to $78/bbl due to rising US oil inventory, inline with expected US Inflation data and expectation of slower global demand.
 
·      Gold – Gold prices ended lower  by 1% to $1903/ounce, retreating from a five-week high as Treasury yields and the dollar jumped after three days of sharp declines, while traders digested the release of the U.S. inflation report which shows pressure on prices continued to cool in February.
 
·      Previous day’s Market Update –Following the weak global cues amid US Banking crisis, equity benchmark Index continued to remain lower for fourth straight session.

Key benchmark Nifty was down over 100 points to close 5-month low to below 17100 mark and dropped over 700 points (4%) in the four trading sessions while Sensex nosedived over 2500 points ending below 58k.  Weakness in US dollar and Indian National Rupee, uncertainty over the US Fed's FOMC rate hike decision, FIIs selling from the emerging markets and weakness across the global markets. However, only positive factor during the day was February WPI data fell to 25-month low at 3.85% and Brent crude slipped to 2-month low to below $80/bbl. IT, Banking and auto stocks were major losers today. Banking stocks were volatile today. Nifty bank Index slipped quarter percent to close at 39411 after touching intra-day high of 39768. India Vix managed to ended flat at 16 level. FIIs were net sellers Rs3087cr while DIIs were 2122cr yesterday
 
·      Nifty Technical Levels -  Nifty till it remains below 17250 zones, weakness could continue towards next support of 17000 then 16800 levels while on the upside hurdles are seen at 17250 and 17350 levels.
 
·      Bank Nifty Technical Levels –Bank Nifty has given lowest daily close in past 100 sessions and now till it holds below 39750 zones weakness could be seen towards 39000 then 38888 zones while on the upside hurdle shift lower at 40000 then 40400 levels.
 
·      Actionable – BUY – DLF, Lemon Tree Hotel, SBI, Asian Paints, Maruti
 
·      Brokers Radar –  Ambit TGT on Indian Hotel at 370, Macquarie TGT on Dr Reddy at 5250, Macquarie TGT on Sona BLW at  575 ,  Citi TGT on Maruti at 12500, Morgan Stanley TGT on PAGE Industries at 44500, Vadant Fashion TGT by Morgan Stanley at 1354, AB Fashion TGT by Morgan Stanly at 195,
 
·      Events – Export & Import and Trade Balance (India), Mishra Dhartu borad meeting for dividend.
 
·      Corporate Action  - Allcargo Rs3.25, CG Power Rs1.50, Jumbo Bag – EGM. Sportking share buy-back from today
 
·      Global Data – Food & Energy Data, Retail sales, NAHB Housing Data (US). WPI (Germany). CPI (France). China Retail sales data
 
·      Market Summary – Parent Suzuki Motor increases stake in Maruti Suzuki via open market transactions, Cipla to sell stake in Uganda arm, Moody’s cuts outlook on U.S. banking system to negative, HPCL to manufacture, distribute Chevron’s lubricants in India, SBI to hike base rate, benchmark prime lending rate from today, February Wholesale Prices Rise (WPI) fell to 25-month low, Tata JLR join hands with Tata Tech for digital transformation, CCI Approves Reliance Retail’s Metro Cash & Carry Purchase
 
·      Moody’s cuts outlook on U.S. banking system to negative from stable – Rating agency Moody’s cuts outlook on U.S. banking system to negative - Moody’s Investors Service on Monday cut its view on the entire banking system to negative from stable. The firm, part of the big-three rating services, said it was making the move in light of key bank failures that prompted regulators to step in Sunday with a dramatic rescue plan for depositors and other institutions impacted by the crisis.
 
·      Maruti - Japanese auto major Suzuki Motor has increased its stake in Indian subsidiary Maruti Suzuki  to 56.48 percent or 3.45 lakh shares by purchasing shares from the open market.
 
·      Cipla – company signed a Share Purchase Agreement with Africa Capitalworks SSA 3 for the sale of a 51.18% stake in Cipla Quality Chemical Industries in Uganda for $25-30 million
 
·      NBCC - Company has been awarded with the work order worth Rs500cr for construction of Government Medical College and Hospital at Karaikal, Puducherry by Government of Puducherry. - positive
 
·      Tata Consumer – Company launched Tata Tea Premium - Street Chais of India, a range of teas celebrating the unique flavours inspired by the streets of India. The launch event was held at Sultanpur Metro station – positive

 
·      PNC Infra – Company is the lowest bidder on Bihar Highway projects worth Rs1260cr – Positive
 
·      RailTel Corporation - Company has received the work order from Centre for Development of Advanced Computing (C-DAC) worth Rs287.57cr - positive
 
·      Texmaco Rail & Engineering Ltd to sell Rail EPC business to subsidiaries – Long term business
 
·      Vedanta Aluminium - Company has entered into a long-term partnership with Dalmia Cement for supply of industrial wastes such as fly ash and spent pot lining for manufacturing low carbon cement. – positive
 
·      SBI – Company will raise the base rate and Benchmark Prime Lending Rate (BPLR) from today. BPLR will be hiked by 70 basis points or 0.7 per cent to 14.85 per cent – positive
 
·      Reliance Industries - The Competition Commission of India approved Reliance Retail Ventures Ltd’s purchase of Metro Cash and Carry India Pv
 
·      Tata JLR – Company said it is partnering with Tata Technologies to accelerate its digital transformation. As part of the collaboration, Tata Technologies will deliver end-to-end integrated Enterprise Resource Planning (ERP) to transform Jaguar Land Rover s manufacturing, logistics, supply chain, finance and purchasing modules by bringing data and knowledge from multiple departments into one single source. The first phase will include Jaguar Land Rover s (JLR) UK core production facilities, with solutions subsequently deployed to other global locations. – Long term Positive
 
·      LIC - The Life Corporation of India (LIC) on appointed M Jagannath as the Managing Director and appointed Siddhartha Mohanty as interim Chairperson from March 14  – Positive
 
·      HPCL – Company has entered into an agreement to manufacture, distribute and market lubricants of global supermajor Chevron in India. Chevron Brands International LLC (Chevron), a subsidiary of Chevron Corporation, has entered into a long-term trademark licensing agreement with HPCL. – positive
 
·      Glenmark Pharmaceuticals announced that it has received final approval by the United States Food Drug Administration (USFDA) for Clindamycin Hydrochloride capsules. – positive
 
·      Hero Motocorp - Companuy has announced that it is going to introduce a new electric scooter in India today - positive
 
·      GMR Infra – Company has successfully raised funds through the issuance of 10 year Listed, Rated, Redeemable, Secured Non-Convertible Debentures (NCDs) amounting INR 8.40 billion, on private placement basis. – positive
 
·      HUDCO – Company approved raising upto Rs18000cr via bonds in FY24  and company announced dividend Rs0.75 (CMP 42, Yield 2.5%) - Positive
 
·      Coal India – Company is optimistic of supplying 156 million tonnes (MTs) of coal to power sector during April-June'23 quarter amid concerns over spike in coal demand. This would be 25.6% of the enhanced annual dispatch target of 610 MTs slated for this sector in 2023-24. – positive
 
·      BL Kashyap - Company wins construction of business park at Bengaluru orders worth Rs158cr – positive
 
·      Hindustan Construction – Company’s joint venture won an order to construct a station on the high-speed bullet train network worth Rs3680cr,  The construction cost of the 508.2 km high-speed rail station between Ahmedabad-Mumbai – positive
 
·      Apollo Pipes – Company approves preferential issue worth Rs260cr in warrants, company to issue 47.2 lakh shares at Rs550 a share conversion price (CMP 556)- positive
 
·      Poddar Pigments Ltd declares interim dividend of Rs.3.50 a share
 
·      Bharat Agri Fert & Realty – Company to consider stock split – positive 
 
·      Mastek – Company announced its new business partnership with Dulsco, a people and environmental solutions company. Mastek will implement an integrated cloud platform to digitally transform Dulsco's Finance, Enterprise Performance Management (EPM), Supply Chain, Customer Experience, Transportation and Human Capital Management (HCM) functions. - Avoid

 
·      Virtuoso Optoelectronics – Company announced the launch of its fourth manufacturing facility in Nashik, Maharashtra. The state-of-the-art facility will help the company meet the growing in house demand for plastic components and cross flow fans (CFF), while also enhancing its production capabilities and customer service – positive
 
·      Krsnaa Diagnostics - Company operationalised 100 more pathology collection centres in Mumbai for BMC dispensaries and hospitals – Positive
 
·      CreditAccess Grameen: The NBFC saw the assets under its management cross Rs 20,000 crore, compared to Rs 17,786 crore as of Dec. 31, 2022. – positive
 
·      Tube Investments of India: The company signed a deal with N Govindarajan to incorporate a subsidiary to foray into the contract development and manufacturing operations business. The company will invest Rs 285 crore, and Govindarajan will invest Rs 15 crore in the form of equity and compulsorily convertible preference shares. - positive
 
·      Symphony - Company has announced about the introduction of its newest member, 'Duet Mini', in Symphony's wide range of air coolers. – Positive
 
·      February Wholesale Prices Rise (WPI) fell to 25-month low at 3.85% - expectation 4% - Expects positive for banks, auto, real estate stocks after Wholesale prices Index (WPI) for the month of February reported to 25-month low at 3.85% against 4.73% in the previous month while expectation of 4%. Core Inflation reported at 2.4% vs 2.8% (MoM). Beaten down – HDFC Bank, ICICI Bank, SBI, BoB, DLF are looking attractive in the current levels.
 
·      Cyient - Company announced the opening of a Center of Excellence (CoE) to strengthen its partnership with iBASEt to drive digital transformation in the aerospace and heavy equipment industries. - positive
 
·      Inflame Appliances – Compsny has developed a new product namely OTG (Oven Toaster Grill) and is expected to start supplies in the second quarter of 2023-24 (Q2-FY2024). In the First phase, the company will be launching 6 models of OTG.  – positive
 
·      TCM (Formerly Travancore Chemical) receives order from government of  Kerala under Solar City Project (funded by Smart City Thiruvananthapuram Ltd).- positive
 
·      TCS introduces 5G-enabled plant operation advisor – Company announced the launch of its 5G-enabled solution, TCS Cognitive Plant Operations Adviser for the Microsoft Azure Private Mobile Edge Computing (PMEC) platform, to help companies in industries like manufacturing, oil and gas, consumer packaged goods, and pharmaceuticals transform production, harnessing AI and machine learning to make it more intelligent, agile and resilient – Long term positive  
 
·      NLC India: State-run NLC India Ltd (formerly Neyveli Lignite Corp. Ltd) plans to invest Rs1,000 crore for a 51% stake in a green energy joint venture it is setting up with Assam Power Development. The proposal for the investment has already been moved for the Union government’s consideration, with the JV to set up a 1 gigawatt (GW) initial solar power capacity in Assam at an investment of around ₹5,500 crore. – positive
 
·      RBI asks banks to review contracts with fintechs – RBI is asking banks to furnish a report on the agreements they have with fintech outfits. According to highly placed sources, the purpose of this report to pinpoint certain critical aspects of the contracts, such as which entity has the ultimate ownership of the customer, whether the full responsibility of assessing the customer credit worthiness lies with the bank, fintech, or split between the two, and who is ultimately bearing the credit risk of the contract. In short, the objective is to ascertain whether the bank has full control of the underwriting process before onboarding the customer and would bear the credit risk in full, in case of defaults.
 
 
 

Hi, Team please pass this message to all,

From tomorrow we are starting new portfolio series from our server.
💥Minimum investment @the money of 2 lots
💥Expected daily risk Utmost 3k
💥Expected return of 7-10% monthly, excluding brokerage
💥Fees 10k Initially, weekly 40 % sharing

💥We are taking 25 accounts only for the next two months due to server latency