04 - FEB - 2022

MARKET OUTLOOK
FII/DII ACTIVITY( Cr)
The market is expected to open in the green as trends on the SGX Nifty indicate FII DII
a positive opening for the broader index in India with a gain of 46 points.The daily PURCHASE 4630 6089
price actions shows bearish candle, closed below 17606 which shows near term SALES 6228 6460
bearishness. The index appears to have encountered selling pressure around its NET -1597 -370
resistance points of 20-day SMA and 62 per cent retracement level of its last leg
of fall from the highs of 18,350 to a low of 16,836. In the process, it also failed to RESULTS TODAY
take support at the bullish gap zone of 17,674-622 levels. If Nifty50 fails to TATA STEEL SREECEMENT
recover on today, there can be a high possibility of a short-term top at a recent BOI INDIGO
high of 17,794 level. In that scenario, the near-term target on the downsides can PAYTM BIRLACORP
be 17,244. CMS INFO JUBLPHARMA
REC SUNPHARMA
According to pivot charts, the key support levels for the Nifty are placed at Click for more …
17,453.87, followed by 17,347.53. If the index moves up, the key resistance levels
to watch out for are 17,723.87 and 17,887.53.
 STOCKS TO WATCH FOR TRADE

EQUITY S3 S2 S1 PP R1 R2 R3
ALKEM 3467.03 3490.52 3514.23 3537.72 3561.43 3584.92 3608.63
CONCOR 647.53 651.52 656.23 660.22 664.93 668.92 673.63
INDHOTEL 212.93 214.92 216.88 218.87 220.83 222.82 224.78
INDIGO 1881.80 1900.90 1921.20 1940.30 1960.60 1979.70 2000.00
SANOFI 7412.57 7442.88 7474.12 7504.43 7535.67 7565.98 7597.22
TATAPOWER 244.87 247.08 249.97 252.18 255.07 257.28 260.17
NEWS CORNER

ICICI Bank: Bought additional stake in India International Clearing Corporation (IICC) at IFSC in GIFT City for Rs
4.43 crore, taking its holding in the clearing body to 9.90%.

Escorts: The company has received approval from Competition Commission of India for the preferential issue of
93,63,726 equity shares to Kubota Corporation, Japan.

MRF: The company said the order of the CCI, that imposed imposed a penalty of Rs 622.09 crore for breach
of Competition Act, is not based on proper appreciation of facts and laws. The company all its stakeholders,
that it follows high standards of governance in its business practices and plans to pursue the matter before
appropriate appellate forum, based on advice from legal counsel.

Godrej Properties: The company approved investment in DB Realty and will also set up a special purpose
vehicle along with DBR to jointly undertake slum rehabilitation and MHADA redevelopment projects. The
company will subscribe to warrants convertible into equity shares aggregating to approximately 10% of the
issued and paid-up capital of DBR for approximately Rs 400 crore. The company along with DBR will each
contribute an additional Rs 300 crore towards the the equity platform.

Bajaj Sugar: The company has received Rs 500 crore in the escrow account maintained exclusively for cane price
payment for its 14 sugar units from Uttar Pradesh

Stocks under F&O Ban on NSE : As we are at the beginning of the February series, not a single stock is under the
F&O ban for February 4. Securities in the ban period under the F&O segment include companies in which the
security has crossed 95 percent of the market-wide position limit.

STOCKS RECOMMEDATION EVALUATION TRACKER

MONTH NO OF RECOMMENDATION PROFIT LOSS % SUCCESS

May-21 114 89 25 78.07
JUNE -21 107 83 24 77.89
JULY- 21 160 125 38 78.00
AUG -21 158 128 32 81.00
SEPT 21 156 133 22 85.00
OCT 21 205 172 33 83.90
NOV 21 158 126 32 79.74
DEC 21 143 112 31 78.32
JAN 22 142 124 18 87.32
FEB 22 15 14 1 93.33
TOTAL 1359 1106 252 81.33(AVG)
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