ASHIKA GR OU P

D A I L Y M O R N ING R E P OR T T u e sd a y , F e b r u a r y 2 7 , 2 0 2 4

TECHNICAL
• Beari sh c and le w ith de crea se in
volume

BUILDUP • Sell crossover in oscillators

• Lower band of Bollinger exist at 21495

OUTLOOK OF • Cru cial m o vin g a vera ge o f 2 0/5 0 S M A

are at 21900 and 21706

THE DAY • 200 S MA tren d de c idi ng le vel exi st at

19992
World Daily Daily
LTP
Indices Ch (Pts) Ch (%)
Dow Jones 39069 -62 -0.16
Indian Equity Market Performance:
Nasdaq 15976 -20 -0.13
Indian equity market ended Monday's session lower ahead of key
S&P 500 5069 -19 -0.38
inflation readings from the U.S. and Europe due this week that could
provide further clues on the prospects of early rate cuts. FTSE 100 7684 -21 -0.29

DAX 17423 3 0.02

Hang Seng 16472 -164 -0.97

Sectoral Front Performance:
On the sectoral front, Information Technology and Metal down 1 Nikkei 39165 -43 -0.11
percent each, while Bank and Pharma down 0.5 percent each. On the
Sensex 72790 -352 -0.48
other hand, oil & gas, power and capital goods up 0.5-1 percent.
Nifty 22122 -90 -0.41

Commodity Daily Daily

Technical Analysis: / Forex
LTP
Ch (Pts) Ch (%)
On the technical front, Nifty formed a small bearish candlestic k Gold ($/Oz) 2042.50 3.60 0.18
pattern on the daily charts, which indicates follow-through weakness
Silver ($/Oz) 22.77 0.03 0.13
post new high formation. Positive chart pattern like higher tops and
bottoms are intact and present weakness could be in line with a new Brent Crude ($/bl) 82.48 -0.05 -0.06
higher bottom formation. Hence bullish bias is likely to remain and Dollar Index 103.70 0.008 0.01
buy on dips strategy need to be adopted . The crucial overhead
USD/INR 82.89 -0.05 -0.06
resistance of 22,250 level if breached decisively during the next
couple of days would confirm of confirmed breakout from the USD/YEN 150.50 -0.20 -0.13
ascending triangle pattern. If that level is surpassed, the next target EUR/USD 1.0849 -0.0002 -0.02
levels as per the pattern will be 2 3,000 - 23,100, Immediate support is
at 21,950 and 21,800 with important support at 21,550 - 21,500. There
Support/Resistance levels for Indian Equity Indices
is still no sign of any toping out or exhaustion in the market yet.
S2 S1 CMP R1 R2

Sensex 72220 72550 72790 73050 73310

Option Activity:
Nifty 21950 22050 22122 22200 22280
On the option front, maximum Put OI is at 21000 followed by 21500
strike, while maximum Call OI is at 23000 followed by 22300 strike. Nifty (Fut) 21970 22070 22141 22220 22300

Call writing was seen at 22200 s trike, followed by 22900 strike while
Put writing was seen at 21500 strike, followed by 22100 strike. Pivot Level

Sensex 72849

Nifty 22133

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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ECONOMY
NEWS

As m a n y a s 4 31 i n f r a s t r u c t u r e p r o j e c t s , e a c h e n t a i l i n g a n i n ve s t me n t o f R s
150 crore or above, were hit by cost overrun of more than Rs 4.80 trillion in
January 2024, an official report stated. (BS)

Imports of paper and paperboards have increased by 37 per cent to around

1.47 million tonnes in April-December this fiscal, which have hit the local
paper mills, an industry body said on Sunday. (BS)

The growth in currency in circulation decelerated to 3.7 per cent for the
week ended February 9 from 8.2 per cent a year ago, reflecting the impact of
the decision of the Reserve Bank of India (RBI) to withdraw Rs 2,000
banknotes. (BS)

The number of merger and acquisition (M&A) deals during 2023 dropped by
1 0 p e r c e n t o n a n a n n u a l b a s i s t o 7 9 3 , s a i d a Pw C I n d i a r e p o r t o n S u n d a y .
However, the total disclosed deal value for M&A declined much steeper at 38
per cent during the year, according to the report titled 'Deals at a glance'.

Rates for the use of the ships most commonly used for carrying crude oil
a r o u n d t h e w o r l d a r e u p t o t h e i r h i g h e s t l e v e l s i n c e No v e m b e r 2 0 2 3. ( B S )

Import of yellow peas is allowed after registration under the import

monitoring system with immediate effect for all consignments where bill of
lading (shipped on board) is issued on or before April 30, according to a
commerce ministry notification. (BS)

The Indian government expects its dividend income from the Reserve Bank of
India for the current financial year ending March to stay at levels similar to
the last financial year, a government source told reporters on Monday. (BS)

T h e h e a d o f t h e W o r l d Tr a d e O r g a n i s a t i o n w a r n e d o n M o n d a y t h a t w a r ,
uncertainty and instability are weighing down the global economy and urged
the bloc to embrace reform as elections across nearly half the world's
population could bring new challenges. (BS)

India has raised its forecast on peak electricity demand as energy

consumption continues to outpace expectations, pushing the nation to
expand its giant coal fleet. (BS)

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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CORPORATE
NEWS

Wipro announced a joint private wireless solution with No k i a t o h e l p

e n t e r p r i s e s s c a l e t h e i r d i g i t a l t r a n s f o r m a t i o n . T h i s j o i n t s o l u t i o n w i l l p r o vi d e
enterprises with a more secure 5G private wireless network solution
integrated with their operation infrastructure.

T V S M o t o r C o m p a n y s u b s i d i a r y TV S M o t o r ( S i n g a p o r e ) Pt e L t d h a s a g r e e d t o
acquire a further 8,000 equity shares in Killwatt GmbH for 4 million euros.
W i t h t h i s , t h e s h a r e h o l d i n g o f T V S M o t o r ( S i n g a p o r e ) Pt e L t d i n K i l l w a t t
GmbH will increase from 39.28 percent to 49 percent.

L e m o n T r e e H o t e l s h a s s i g n e d a l i c e n s e a g r e e m e n t f o r L e m o n Tr e e R e s o r t i n
Sankhwas Garh, Rajasthan, and Keys Lite by Lemon Tr e e Hotels in
V i j a y a w a d a , An d h r a Pr a d e s h .

Ducon Infratechnologies and Germany's DeltaVision signed a Memorandum

of Understanding to provide innovative fluid control solutions pertaining to
rocket fuel propulsion systems and hydrogen fuel delivery systems for the
Indian market.

Po w e r M e c h Pr o j e c t s h a s r e c e i v e d a n o r d e r w o r t h R s 3 9 6 . 2 5 c r o r e f r o m S o u t h
East Central Railway for the construction of the electrified 4th railway BG
l i n e i n C h h a t t i s g a r h o n a n E PC b a s i s .

Mu l t i C o m m o d i t y E x c h a n g e o f I n d i a ( M C X ) a n d t h e Ja k a r t a F u t u r e s E x ch a n g e
(JFX), have entered into a Memorandum of Understanding (MoU) to enhance
collaboration in key areas.

H F C L , a l o n g w i t h i t s m a t e r i a l s u b s i d i a r y , H TL , h a s r e c e i v e d p u r c h a s e o r d e r s
worth Rs 40.36 crore for the supply of optical fiber cables to one of the
leading private telecom operators in the country.

Hind Rectifiers has received an order worth more than Rs 200 crore from
I n d i a n R a i l w a y s.

K i l i t c h D r u g ( I n d i a ) s a i d i t s s u b s i d i a r y , K i l i t c h E s t r o B i o t e c h PL C , h a s s e c u r e d
a significant tender issued by the Ethiopian Pharmaceutical Supply Service
of the Federal Democratic Republic of Ethiopia. The contract for the supply
of pharmaceuticals is worth $9.13 million.

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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• *Easy Trip Planners Ltd : Minerva Ventures Fund Buy 9000000

BULK DEA L Shares @ Rs. 48.75

INSIDER TRADE

• * SUDHA APPARELS LIMITED Promoter Group Acquisition 25000

ACQUISITION shares of Maharashtra Seamless Ltd. on 23-Feb-24
• * JAGDISH KUMAR ARORA Promoter Acquisition 10000 shares of
Som Distilleries & Breweries Ltd. on 26-Feb-24
• * SARLA DAGA Promoter Group Acquisition 1147 shares of Orient Bell
Limited-$ on 23-Feb-24

• * Nikhil Chopra Director Disposal 3472 shares of J.B.Chemicals &

DISPOSAL Pharmaceuticals Ltd. on 21-Feb-24
• * Shravan Kumar Bali Promoter Group Disposal 100000 shares of D B
Realty Ltd on 23-Feb-24
• * Advanced Vital Enzymes Private Limited Promoter Group Disposal
5688 shares of Advanced Enzyme Technologies Ltd on 21-Feb-24

• * Nikhil Chopra Director Revoke 3472 shares of J.B.Chemicals &

REVOKE Pharmaceuticals Ltd. on 21-Feb-24
• * RPR Sons Advisors Pvt.Ltd. Mrs.P.Suneela Rani jointly holding
Promoter Group Revoke 12350000 shares of Aurobindo Pharma Ltd.

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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NIFTY 500
Top 10 Gainer Top 10 Loser

Company Price (Rs.) Change (%) Company Price (Rs.) Change (%)

DATAPATTNS 2610.0 10.5% RAIN 189.4 -8.2%

ADANIENSOL 1180.5 9.1% ALKEM 5013.0 -7.5%

SOBHA 1585.0 8.5% AEGISCHEM 420.2 -5.3%

360ONE 774.4 7.3% NIACL 266.4 -4.8%

INFIBEAM 37.0 7.2% GPPL 204.0 -4.5%

POLICYBZR 1098.0 7.1% GICRE 402.5 -4.4%

PNCINFRA 452.0 6.5% IDEA 16.9 -4.0%

RATNAMANI 3170.0 6.5% ASIANPAINT 2868.0 -4.0%

BDL 1891.0 5.8% YESBANK 25.2 -3.8%

MHRIL 433.0 5.8% MANKIND 2074.0 -3.7%

F I I /F P I & D I I T R AD I N G AC T I V I T Y
Category Buy Value (₹ Cr.) Sell Value (₹ Cr.) Net Value (₹ Cr.)

DII 8,526.82 8,532.15 -5.33

FII 12,525.31 12,810.46 -285.15

Category 26/02/2024 23/02/2024 22/02/2024 21/02/2024 20/02/2024 19/02/2024

DII -5.33 176.68 1,823.68 -411.57 1,491.33 452.7

FII -285.15 1,276.09 -1,410.05 284.66 -1,335.51 -754.59

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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• N i f ty d ecl ined by 0 .4 1% wi th N if ty fu tu re
ad d ed 5.6 8 l akh sh ares in o p en i nterest and
stock f utu re sh ad ed 8 13. 0 L akh sh ares i n
o p en i nterest .

• N i f ty P C R d ec reased t o 0 . 9 6 f ro m 1 . 01

• T otal N i fty C al l s ad d ed 223 .9 l akh sh ares i n

o p en i nterest .

• T otal N if ty Pu ts ad d ed 1 49. 6 l ak h sh ares i n

o p en i nterest .
DERIVATIVE • M ax im um o p en i nterest (N i f ty) i n C all s f or
F eb . seri es i s a t 23 000 and 21 000 p u t .

REPORT • F II’s sol d net Rs. 285. 15 Cr (p ro vi sio nal ) , w hi l e

D IIs so l d net Rs . 5 . 3 3 C r i n c ash m ark et .

• F II so l d net Rs. 2 4 3 1 3. 41 C r i n F &O

• S ecu ri ti es in Ba n P erio d : - ABF RL ,

BAL RAM CH IN , C AN B K , S AIL , Z E E L

N I F T Y T RAC KER
Particulars 26/02/2024 23/02/2024 22/02/2024 21/02/2024

Spot 22122.05 22212.7 22217.45 22055.05

% Change in Spot -0.41% -0.02% 0.74% -0.64%

Nifty(FUT) Feb. 22141.65 22228.85 22243.25 22070.15

Nifty(FUT) Feb. Vol. 119614 120520 206565 133217

Nifty(FUT) Feb. - OI 9139950 10244650 11136000 11202450

Nifty(FUT) Mar. 22291.8 22374.3 22383.2 22211.8

Nifty(FUT) Mar. Vol. 58903 33267 45705 26912

Nifty(FUT) Mar. - OI 4897600 3230400 2543200 1705400

T R AD E S T AT I S T I C S F OR 2 6 .02 .2 02 4
Particulars Volume (contracts) Value (₹ Lakhs) Put Call Ratio

Stock Futures 27,45,740 23115343 -

Index Options 31,63,97,502 6350923 0.93

Stock Options 60,59,715 577711 0.45

Index Futures 4,39,196 3870291 -

NSE F&O Total Turnover 32,56,42,153 2,70,84,79,682

NSE Cash Turnover - 97,40,500.22

BSE Cash Turnover - 7,17,334.00

Total Turnover - 7114690 0.9

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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F I I C OR N ER (F & O)
FII NET BUYING/SELLING & CHANGE IN OPEN INTEREST (Cr. Rupee)

26/02/2024 23/02/2024 22/02/2024

Particulars Net Buying Change In Net Buying Change In Net Buying Change In
/Selling Open interest /Selling Open interest /Selling Open interest

Index Future 531 318 -136 -563 1362 -239

Index option -25947 48516 -6391 90865 -2414 -86842

Stock Future 1005 -3190 3496 393 -1368 8071

Stock option 98 -1591 735 67 940 241

Total -24313 44053 -2296 90762 -1480 -78769

M AR KET OP EN I N T ER ES T
Addition/Reduction in Market Open Interest

Contracts 26/02/2024 23/02/2024 22/02/2024 21/02/2024 20/02/2024

Index Futures 1906 -8 1053 629 -49

Index Options -1541 1309 9366 -3274 479

Stock Futures 375751 -343647 -233642 65105 199267

Stock Options -4855 -1882 -4498 3875 5964

F&O Total 371260 -344227 -227721.02 66335.35 205661.87

Increase in OI with Increase in Price (Long Buildup )

Symbol Prev OI Curr OI CMP Pr.Chg (%) OI Chg (%)

INDUSTOWER 9,31,12,400 9,74,13,400 246.6 2.41% 4.62%

POWERGRID 4,92,30,000 5,05,76,400 287.5 1.97% 2.73%

GLENMARK 1,15,39,100 1,25,70,775 927 3.09% 8.94%

IDFCFIRSTB 26,90,17,500 26,97,52,500 84.5 1.81% 0.27%

GAIL 10,30,24,425 10,36,55,775 181.9 1.14% 0.61%

Increase in OI with Decrease in Price (Short Buildup)

Symbol Prev OI Curr OI CMP Pr.Chg (%) OI Chg (%)

BEL 8,77,05,900 9,96,24,600 204.3 -0.61% 13.59%

IDEA 1,11,60,00,000 1,12,63,20,000 16.85 -3.99% 0.92%

NTPC 7,26,00,000 7,43,52,000 336.85 -0.24% 2.41%

DABUR 2,11,95,000 2,28,41,250 528.35 -1.41% 7.77%

RELIANCE 3,10,93,750 3,26,43,250 2979.5 -0.21% 4.98%

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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N I F T Y O PT I O N O PE N I N T E R EST ST A T I ST I CS
H I G H E ST A D D I T I O N S
Expiry Strike Option Type Settlement Price Volume Open Interest Change In OI

29-Feb-24 18650 PE 0.2 174379 4121700 3191350

29-Feb-24 22200 CE 104.8 2191970 6560500 2761700
29-Feb-24 22900 CE 2.5 474320 4573350 2140850
29-Feb-24 22150 CE 128.9 1452279 2615850 1957400
29-Feb-24 22100 CE 155.55 1448550 3527600 1947950
29-Feb-24 22700 CE 5.7 799784 5639200 1629150
29-Feb-24 22400 CE 38.7 1162435 5769900 1581650
29-Feb-24 21500 PE 6.45 655350 6869200 1564450
29-Feb-24 22600 CE 11.1 783545 5338200 1443100
29-Feb-24 22100 PE 112.65 2273228 4310250 1438350

HIGHEST REDUCTIONS
Expiry Strike Option Type Settlement Price Volume Open Interest Change In OI

29-Feb-24 23100 CE 1.65 316019 3156500 -1591600

29-Feb-24 22250 PE 191.5 388188 849300 -795750

29-Feb-24 22000 PE 74.85 1760542 6632950 -784000

29-Feb-24 21200 PE 1.7 308526 3354950 -700350

29-Feb-24 22300 PE 223.4 479938 1572150 -467800

29-Feb-24 21000 PE 1.35 383658 7258200 -348700

29-Feb-24 21250 PE 1.9 127661 860450 -303050

29-Feb-24 22200 PE 162 1701791 3682300 -265850

29-Feb-24 23300 CE 1.4 198991 1232000 -186350

29-Feb-24 22500 PE 378.45 60877 950050 -141900

12953900

Call -Put Options Open Interests Distributions for Feb'24 Contract

14000000
Call

12000000 Put

10000000
6869200

6560500

5769900

5639200

8000000
5338200

5291350
4619600

4573350
6832900

6799600
4146300

6632950
3834250

3682300
3775750

6000000
3527600
3629600

4310250
3354950

3156500
4323900

4000000
1572150

950050
3369050

993150
897100

724200

767650
611800

516300
282800
220200

160950
176550

2000000
121650

67600

25150

8800

3950

0
21200

21300

21400

21500

21600

21700

21800

21900

22000

22100

22200

22300

22400

22500

22600

22700

22800

22900

23000

23100

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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ST O CK O PT I O N O PE N I N T E RE ST ST A T I ST ICS

H I G H E ST A D D I T I O N S
Symbol Expiry Strike Option Type Settl. Price Volume Open Interest Change in OI

IDEA 29-Feb-24 20 CE 0.15 3347 130240000 31360000

IDEA 29-Feb-24 18 CE 0.35 5450 120640000 24880000

IDEA 28-Mar-24 18 CE 1.35 861 79520000 20720000

IDEA 28-Mar-24 20 CE 0.75 1304 102320000 18400000

IDEA 28-Mar-24 19 CE 1.05 1147 55600000 16800000

IDEA 28-Mar-24 17 CE 1.7 494 57600000 12560000

IDEA 29-Feb-24 19 CE 0.2 5345 120000000 10960000

IDEA 28-Mar-24 21 CE 0.6 528 41760000 10240000

IDEA 29-Feb-24 17 PE 0.75 1699 46480000 8320000

IDEA 28-Mar-24 17 PE 1.65 386 30160000 6320000

H I G H E ST R E D U CT I O N S
Symbol Expiry Strike Option Type Settl. Price Volume Open Int. Change in OI

IDEA 29-Feb-24 16 PE 0.25 2073 44880000 -8400000

IDEA 29-Feb-24 16 CE 1.05 903 69680000 -8080000

TATASTEEL 29-Feb-24 150 CE 0.25 10225 30811000 -7227000

IDEA 29-Feb-24 15 CE 1.95 289 60240000 -3920000

ABCAPITAL 29-Feb-24 190 CE 2.55 4930 2613600 -3758400

TATASTEEL 29-Feb-24 140 PE 0.5 3742 10158500 -2871000

TATASTEEL 29-Feb-24 145 PE 3.25 2432 5764000 -2816000

TATASTEEL 29-Feb-24 160 CE 0.05 1633 12886500 -2612500

IDFCFIRSTB 29-Feb-24 85 CE 0.85 8532 20025000 -2325000

PNB 29-Feb-24 140 CE 0.2 912 11088000 -2296000

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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ANALYST CERTIFICATION
The undersigned analyst hereby certifies that all the opinions presented in this report accurately reflect their personal views regarding the subject
securities, issuers, products, sectors, or industries. No part of their compensation has been, is, or will be directly or indirectly tied to specific
recommendations or views expressed in this report. The analyst assumes primary responsibility for the creation of this research report and has
diligently endeavored to establish and maintain independence and objectivity in formulating any recommendations.

Investors are strongly advised to carefully consider all relevant risk factors, including their financial condition and suitability to risk-return profiles, and
to seek professional advice before making any investment decisions.

Ashika Stock Broking Limited (ASBL) commenced its operations in 1994 and is currently a trading and clearing
member of various prominent stock exchanges, including BSE Limited (BSE), National Stock Exchange of India
Limited (NSE), Metropolitan Stock Exchange of India Limited (MSEI), National Commodity and Derivative
Exchange (NCDEX), and Multi Commodity Exchange (MCX). ASBL is dedicated to offering a comprehensive range
of services to its esteemed clients, encompassing broking services, depository services (both CDSL and NSDL), and
the distribution of financial products such as mutual funds, IPOs, and bonds.

Recognized as a "Research Entity" under SEBI (Research Analyst) Regulations 2014 since 2015 (Registration No.
INH000000206), ASBL operates as a wholly-owned subsidiary of Ashika Global Securities (P) Ltd., a non-deposit-
taking NBFC company registered with the Reserve Bank of India (RBI). The broader Ashika Group, with detailed
information available on our website (www.ashikagroup.com), serves as an integrated financial service provider
involved in diverse activities, including Investment Banking, Corporate Lending, Debt Syndication, and other
advisory services.

Over the past three years, ASBL has not faced any substantial or material disciplinary actions imposed by
KRISHNA Digitally signed by
KRISHNA KUMAR regulatory authorities. Nonetheless, routine inspections conducted by SEBI, Exchanges, and Depositories have
KUMAR AGARWAL identified certain operational deviations. In response to these observations, advisory letters or minor penalties
Date: 2024.02.27
AGARWAL 08:40:09 +05'30' have been issued by the relevant authorities.

DISCLOSURE
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disclosures and disclaimer provided herein are integral components of all research reports being disseminated.

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