ASHIKA GR OU P

D A I L Y M O R N ING R E P OR T M o n da y , M a r ch 4 , 2 0 2 4

TECHNICAL
• Bullish candle with increase in volume

• Buy crossover in oscillators

BUILDUP
• Lower band of Bollinger exist at 21595

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

OUTLOOK OF are at 21984 and 21766

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

20068

World Daily Daily

LTP
Indices Ch (Pts) Ch (%)
Dow Jones 39087 90 0.23
Indian Equity Market Performance:
The domestic stock market hit new high during a special trading Nasdaq 16274 183 1.14
session on Saturday. Both Sensex and Nifty reached record levels,
S&P 500 5137 40 0.80
with Nifty closing above 22,370. This special session was conducted
FTSE 100 7682 52 0.69
by the NSE and BSE to test their disaster recovery preparedness . It
was divided into two parts, with trading switc hing between the main DAX 17735 56 0.32
site and a backup site to ensure smooth operations in case of Hang Seng
emergencies.
Nikkei

Sensex 73806 60 0.08

Sectoral Front Performance: Nifty 22378 39 0.18
Sectors like media, metals, and consumer durables saw gains, while
banking and financial services stocks struggled. Commodity Daily Daily
LTP
/ Forex Ch (Pts) Ch (%)
Gold ($/Oz) 2088.40 -7.30 -0.35

Technical Analysis: Silver ($/Oz) 23.26 -0.11 -0.47

On the technical front, Nifty formed a small bearish candlestick on
Brent Crude ($/bl) 83.77 0.22 0.26
the daily charts, as the closing was lower than the opening levels.
While on the weekly scale a bullish candle with a prominent long Dollar Index 103.82 -0.0003 -

lower shadow has formed. This extended lower shadow signals robust USD/INR 82.90 -0.0050 -0.01
buying activity at lower levels. As the index is trading at all-time high
USD/YEN 150.16 0.04 0.03
levels, all the moving averages and momentum indicators are
suggesting strong bullish momentum in index. Going ahead, the EUR/USD 1.0839 0.0002 0.02

index is likely to continue its northward journey for the coming week.
On the upside, it is likely to test the level of 22640, followed by 22750 Support/Resistance levels for Indian Equity Indices
on the upside in the short term. While, on the downside, previous
S2 S1 CMP R1 R2
Swing high zone of 22125-22140 is likely to act as an immediate
support followed by the 20-day EMA zone of 22040 level. Sensex 73000 73350 73806 74210 74425

Nifty 22135 22240 22378 22500 22565

Nifty (Fut) 22260 22365 22502 22625 22690

Option Activity:
On the option front, maximum Put OI is at 22000 followed by 22200
Pivot Level
strike, while maximum Call OI is at 23000 followed by 22800 strike.
Call writing was seen at 23000 strike, followed by 22800 strike while Sensex 73859
Put writing was seen at 21400 strike, followed by 22400 strike. Nifty 22375

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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DAILY MORNING RE PORT March 4, 20 24

ECONOMY
NEWS

Th e c o s t o f t r a n s p o r t i n g g o o d s b y t r u c k t o m a j o r m e t r o s w e n t u p i n F e b r u a r y .
Rates are up 1-5 per cent with the western part of the country seeing the
largest increase on a year-on-year basis, shows an analysis of data collated by
the Centre for Monitoring Indian Economy (CMIE). (BS)

Pr i m e M i n i s t e r N a r e n d r a M o d i w i l l u n v e i l d e v e l o p m e n t p r o j e c t s w o r t h m o r e
than Rs 34,800 crore in Bihar on Saturday. Besides, the PM will unveil
multiple projects in the oil and gas sector, worth about Rs 1.48 lakh crore,
spread across various states from here, an official statement said. (BS)

Highlighting continued hectic activity in the Indian economy, gross goods

and services tax (GST) collection grew 12.54 per cent year-on-year to Rs 1.68
trillion in February. Positive consumer sentiment was also palpable through
the monthly sales figures for cars and two-wheelers as both segments
witnessed an annual uptick. (BS)

Foreign exchange reserves rose by $2.9 billion to $619 billion in the week
e n d e d F e b r u a r y 2 3 , t h e l a t e s t d a t a b y t h e R e s e r v e B a n k o f I n d i a s h o w e d . Th e
total reserves rose due to an increase in foreign currency assets which
increased by $2.4 billion in the week. (BS)

The manufacturing sector gathered momentum in February on the back of

expansion in new export orders and easing of pricing pressures as the
h e a d l i n e Pu r c h a s i n g Ma n a g e r s I n d e x ( P MI ) c l i m b e d t o a f i ve - m o n t h h i g h . I t
t o u c h e d 5 6 . 9 d u r i n g t h e m o n t h f r o m 5 6 . 5 i n Ja n u a r y , t h e s u r v e y r e l e a s e d b y
HSBC on Friday showed. (BS)

A f t e r s c a l i n g a n a l l - t i m e h i g h i n Ja n u a r y , U n i f i e d Pa y m e n t I n t e r f a c e ( U P I )
transactions in India saw a marginal dip in value and volume in February,
falling 0.7 per cent and 0.8 per cent respectively, compared to January. (BS)

F i n a n c e M i n i s t e r Ni r m a l a S i t h a r a m a n o n F r i d a y s a i d m a n y c o u n t r i e s a r e
negotiating to start trade in rupee as the country's fundamentals are strong
and the Indian unit has been "mostly stable" against most of the
international currencies. (BS)

Coal-producing states earned a revenue of Rs 1.52 lakh crore in the last nine
years from royalty, District Mineral Foundation (DMF) and National Mineral
E x p l o r a t i o n T r u s t ( NM E T) . ( B S )

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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DAILY MORNING RE PORT March 4, 20 24

CORPORATE
NEWS

A new water-based paint manufacturing facility will be established in

Ma d h y a Pr a d e s h b y A s i a n Pa i n t s , w i t h a n a n n u a l c a p a c i t y o f 4 l a k h s K L . T h e
estimated investment for this facility is Rs 2,000 crore.

MOIL achieved its best ever February production of 1.51 lakh metric tons of
manganese (Mn) ore, up 15 percent YoY, while sales at 1.56 lakh metric tons
increased by 18 percent over a year-ago month.

NTPC said the board has given investment approval for the Singrauli super
thermal power project, Stage III (2x800 MW). The current estimated cost of
the project is Rs 17,195.31 crore.

S JV N s u b s i d i a r y S J V N G r e e n E n e r g y ( S G E L ) h a s b a g g e d t h e 2 0 0 MW s o l a r
power project in the tariff-based competitive bidding conducted by Gujarat
Urja Vikas Nigam at a tariff of Rs 2.66 per unit. This 200 MW solar power
project will be developed on a build-own-operate (BOO) basis, and the
tentative cost of its development will be around Rs 1,100 crore.

Swan Energy has fully repaid its Rs 2,206 crore loan, including interest, to its
c o n s o r t i u m o f b a n k s . Th e g r o u p ' s e x t e r n a l d e b t , w h i c h w a s R s 4 , 1 2 8 c r o r e i n
September, has now reduced to Rs 1,675 crore.

G o d r e j Pr o p e r t i e s h a s e n t e r e d i n t o d e f i n i t i v e a g r e e m e n t s t o d e v e l o p a
township project on a 62-acre land parcel in North Bengaluru under a profit-
sharing model. This project offers 5.6 million square feet of saleable area
with an estimated booking value of Rs 5,000 crore.

K PI G r e e n E n e r g y h a s s i g n e d a p o w e r p u r c h a s e a g r e e m e n t f o r a 2 0 0 M W A C
(240 MWp) grid-connected solar photovoltaic power project.

The European Directorate for the Quality of Medicines and HealthCare

(EDQM) conducted a GMP (good manufacturing practice) inspection of SMS
Ph a r m a c e u t i c a l s ’ active pharmaceutical ingredient ( A PI ) manufacturing
f a c i l i t y a t V i z i a n a g a r a m , A n d h r a Pr a d e s h .

Pa t e l E n g i n e e r i n g r e c e i v e d a L e t t e r o f A c c e p t a n c e ( L O A ) f o r a R s 5 2 5 . 3 6 c r o r e
c o n t r a c t w i t h a j o i n t v e n t u r e p a r t n e r i n K h a m m a m C i t y , Te l a n g a n a , f o r t h e
R C C Pr o t e c t i o n W a l l Pr o j e c t . Pa t e l E n g i n e e r i n g ' s s h a r e i n t h e c o n t r a c t i s R s
267.93 crore.

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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• 01.03.24
BULK DEA L • *Suven Pharmaceuticals Ltd : Abu Dhabi Investment Authority
Stable Buy 1574000 Shares @ Rs. 698.15
• *Mcleod Russel India Ltd. : Meru Investment Fund Pcc-Cell 1 Buy
600000 Shares @ Rs. 35.5
• *Sonu Infratech Limited : Nav Capital Vcc - Nav Capital Emerging
Star Fund Sell 54000 Shares @ Rs. 54.71
• *Starhealth : Apis Growth 6 Ltd Sell 10000000 Shares @ Rs. 553.01
• *Starhealth : Icici Prudential Life Insurance Company Limited Buy
3000000 Shares @ Rs. 553
• *Baluforge : Ebene Global Opportunity Fund Buy 595000 Shares @
Rs. 215.18

INSIDER TRADE

DISPOSAL • * Pristine Malwa Logistics Park Private Limited Promoter Disposal

37940 shares of Sical Logistics Ltd. on 26-Feb-24

PLEDGE • * Aryavardhan Trading LLP Promoter Group Pledge 700000 shares

of Inox Wind Ltd on 28-Feb-24
• * Inox Wind Limited Promoter Pledge 3300000 shares of Inox Green
Energy Services Ltd on 28-Feb-24

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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DAILY MORNING RE PORT March 4, 20 24

NIFTY 500
Top 10 Gainer Top 10 Loser

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

TATAINVEST 8027.1 5.0% SWANENERGY 730.9 -4.1%

SUVENPHAR 720.4 5.0% SUNDARMFIN 4075.2 -2.5%

DATAPATTNS 2796.1 5.0% PAYTM 414.4 -2.1%

IEX 151.6 5.0% NAUKRI 5183.8 -1.9%

AUROPHARMA 1077.0 4.9% RAINBOW 1300.7 -1.9%

NLCINDIA 231.6 4.9% GLS 844.9 -1.7%

FINCABLES 958.5 4.8% CHEMPLASTS 484.1 -1.6%

TRITURBINE 514.2 4.6% INTELLECT 1097.6 -1.6%

MAXHEALTH 770.4 4.6% PFIZER 4522.3 -1.5%

JAMNAAUTO 135.7 4.2% METROBRAND 1130.6 -1.3%

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 189.4 234.1 -44.7

FII 49.52 131.4 -81.9

Category 02/03/2024 01/03/2024 29/02/2024 28/02/2024 27/02/2024 26/02/2024

DII -44.7 3,814.53 -230.21 1,827.45 2,861.56 -5.33

FII -81.9 128.94 3,568.11 -1,879.23 -1,509.16 -285.15

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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DAILY MORNING RE PORT March 4, 20 24

• N i f ty g ained by 0 .1 8% w ith Ni f ty f u tu re
sh ad ed 0. 47 l akh sh ares i n o p en interest and
stock fu ture ad d ed 145.8 L akh sh ares in op en
i nterest .

• N i f ty P C R i nc reased t o 1 . 3 2 f ro m 1 . 29

• T otal N if ty C al l s ad d ed 26 .9 l akh sh ares i n

o p en i nterest .

• T otal Ni f ty Pu ts add ed 65 .9 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
M ar. seri es i s a t 23 000 and 21 000 p u t .

REPORT • F II’s sol d net Rs. 8 1.87 C r (p ro vi si onal) , w hil e

D IIs so l d net Rs . 4 4 . 7 1 C r i n c ash m ark et .

• F II b o u g h t net R s. 1 1 7 1 . 49 C r i n F &O

• S ec u ri ties i n Ba n P eri o d : - Z E E L

N I F T Y T RAC KER
Particulars 02/03/2024 01/03/2024 29/02/2024 28/02/2024

Spot 22378.4 22338.75 21982.8 21951.15

% Change in Spot 0.18% 1.62% 0.14% -1.11%

Nifty(FUT) Mar. 22502 22443.2 22160.5 22075.7

Nifty(FUT) Mar. Vol. 27698 180557 181719 119725

Nifty(FUT) Mar. - OI 12839750 12913500 13081300 9865850

Nifty(FUT) Apr. 22640.6 22579.2 0 0

Nifty(FUT) Apr. Vol. 2030 12150 0 0

Nifty(FUT) Apr. - OI 1187000 1175300 0 0

T R AD E S T AT I S T I C S F OR 02 .03.2 02 4
Particulars Volume (contracts) Value (₹ Lakhs) Put Call Ratio

Stock Futures 1,62,670 1490991 -

Index Options 3,25,21,120 794086 0.96

Stock Options 6,24,812 134279 0.36

Index Futures 60,325 558005 -

NSE F&O Total Turnover 3,33,68,927 28,25,34,036

NSE Cash Turnover - 10,42,723.20

BSE Cash Turnover - 1,07,884.00

Total Turnover - 7114690 0.95

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)

02/03/2024 01/03/2024 29/02/2024

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

Index Future 197 148 -191 1099 -896 -10382

Index option 1313 13896 -13682 163301 -335 -310616

Stock Future -329 1082 5378 4612 -4181 1620

Stock option -9 546 -751 10429 -2466 -26980

Total 1172 15672 -9246 179441 -7878 -346358

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

Contracts 02/03/2024 01/03/2024 29/02/2024 28/02/2024 27/02/2024

Index Futures 177 -6239 5172 825 1119

Index Options 2506 -18419 11506 -7958 2380

Stock Futures 62738 -585180 76484 -25597 165550

Stock Options 5434 -123254 -25448 -23398 -9731

F&O Total 70855 -733092 67714.32 -56127.94 159318.02

Increase in OI with Increase in Price (Long Buildup )

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

IDEA 1,77,81,60,000 1,85,00,80,000 14.65 2.09% 4.04%

SAIL 7,46,72,000 12,02,72,000 139.3 3.88% 61.07%

PNB 22,22,16,000 23,86,08,000 126.6 0.68% 7.38%

NATIONALUM 6,42,15,000 7,42,05,000 167.15 3.21% 15.56%

INDUSTOWER 8,14,16,400 9,00,52,400 267.65 1.15% 10.61%

Increase in OI with Decrease in Price (Short Buildup)

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

SUNPHARMA 1,48,61,700 1,57,12,200 1558.5 -0.21% 5.72%

M&M 1,20,91,100 1,24,19,400 1974 -0.17% 2.72%

ZYDUSLIFE 61,95,600 64,71,900 929.85 -0.17% 4.46%

PEL 1,03,50,750 1,05,76,500 941.05 -0.10% 2.18%

ICICIPRULI 1,18,09,500 1,20,18,000 541.6 -0.06% 1.77%

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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DAILY MORNING RE PORT March 4, 20 24

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

7-Mar-24 21400 PE 5.1 160420 4011600 1899000

7-Mar-24 22400 PE 137.25 304454 2510800 1314700
7-Mar-24 23000 CE 4.6 374621 7425550 1141850
7-Mar-24 21700 PE 12.05 121419 3809650 979550
7-Mar-24 20100 PE 1.7 27889 839350 593350
7-Mar-24 22800 CE 16.95 243469 5890400 575300
7-Mar-24 22400 CE 149.35 415347 3594100 568350
7-Mar-24 20000 PE 1.65 58953 3259100 515800
7-Mar-24 22300 PE 98.5 231223 4347450 487350
7-Mar-24 19900 PE 1.6 25162 1856500 482250

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

7-Mar-24 21300 PE 3.8 159778 2389800 -1747100

7-Mar-24 22100 PE 49.7 170827 5438050 -580200

7-Mar-24 21200 PE 3.05 109682 2357000 -522550

7-Mar-24 22300 CE 211.3 140584 3357600 -427000

7-Mar-24 23300 CE 1.25 83714 1269100 -273350

7-Mar-24 22750 CE 24.3 122703 1709800 -220950

7-Mar-24 23900 CE 0.6 11301 1310300 -192000

7-Mar-24 22350 CE 179.3 149778 1083000 -188950

7-Mar-24 21100 PE 2.75 59737 1647000 -184100

7-Mar-24 21550 PE 7.5 45385 832200 -181800

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

3352050

4000000
Call
3500000 Put
3432800

3000000
1916400

2500000
1901150
2249100

2000000
2048900

1152700
1132600
1092350

1221000

1714150

979150

1500000
838100
780300
772550

743850
751500
624050
609100

565050

540400
563550

541800
524450

442400
404300

1000000
371950
268600

140900
140300

118000
94800

111850
58050

76100

46950

500000
17850

8450

1750
503100

0
21400

21500

21600

21700

21800

21900

22000

22100

22200

22300

22400

22500

22600

22700

22800

22900

23000

23100

23200

23300

1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
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DAILY MORNING RE PORT March 4, 20 24

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

TATASTEEL 28-Mar-24 170 CE 2 3310 6435000 6435000

TATASTEEL 28-Mar-24 165 CE 3 2144 5186500 4141500

IEX 28-Mar-24 160 CE 5.35 4682 6667500 3956250

IDEA 28-Mar-24 14 PE 0.85 165 93120000 3760000

IDEA 28-Mar-24 18 CE 0.35 275 155280000 3520000

SAIL 28-Mar-24 150 CE 3.2 1596 8976000 3352000

IDEA 28-Mar-24 12 PE 0.25 129 58560000 3280000

TATASTEEL 28-Mar-24 150 PE 3.15 2581 10461000 3206500

GMRINFRA 28-Mar-24 91 CE 2.7 315 3645000 3003750

TATASTEEL 28-Mar-24 140 PE 1.05 2717 11885500 2777500

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

TATASTEEL 28-Mar-24 150 CE 9.4 4997 16340500 -6017000

TATASTEEL 28-Mar-24 145 CE 13.05 851 5643000 -1705000

IEX 28-Mar-24 145 CE 12.5 1207 2460000 -1331250

TATASTEEL 28-Mar-24 130 PE 0.3 1920 9256500 -1254000

SAIL 28-Mar-24 135 CE 8.7 1179 5256000 -808000

TATASTEEL 28-Mar-24 140 CE 17.15 312 4345000 -621500

IDEA 28-Mar-24 13 PE 0.5 196 79680000 -560000

IOC 28-Mar-24 180 CE 5.15 526 10198500 -526500

SAIL 28-Mar-24 130 CE 11.9 770 6416000 -424000

TATAMOTORS 28-Mar-24 960 PE 14.4 1268 1645875 -411825

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
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Recognized as a "Research Entity" under SEBI (Research Analyst) Regulations 2014 since 2015 (Registration No.
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Over the past three years, ASBL has not faced any substantial or material disciplinary actions imposed by
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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: 2024.03.04
AGARWAL 08:43:34 +05'30' have been issued by the relevant authorities.

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subject company(ies) in the past twelve months.

7) Research Analysts have not held positions as officers, directors, or employees of the companies mentioned in the report or recommendation.

8) Neither ASBL nor its Research Analysts have been engaged in market making activity for the companies mentioned in the report / recommendation.

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report is strictly not for public distribution or use by any individual or entity in jurisdictions where such distribution, publication, availability, or utilization
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Recipients of this report will not be treated as customers merely by virtue of receiving it. The content is derived from information obtained from public
sources deemed reliable, but we do not guarantee its accuracy or completeness. All estimates, expressions of opinion, and other subjective judgments
contained herein are as of the date of this document and are subject to change without notice.

Recipients should conduct their own investigations and due diligence. ASBL disclaims any responsibility for any loss or damage that may result from
inadvertent errors in the information contained in this report. Past performance should not be relied upon as a guide for future performance; future
returns are not guaranteed, and the possibility of loss of capital exists.

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