Equity Big Shot- Indian Market View, Vol 120

Settlement Price

Nifty: 15208.90 (-0.68%)

Bank Nifty: 36910.95 (-0.51%)

USDINR: 72.78. (0.11%)

FII Data (Approx.)

Institution/Daily Net Position/Monthly Net Position (Cash, In crores...)

FII (+1008cr) (+22852cr)

DII (-1283cr) (-14246)

Again a tug of war is going on in cash segment but this time FII don't want to take risk. That's why they hedged most of their position. There is a heavy selling in Index future from last few days.

Put Call Ratio/Maximum Pain

NIFTY 1.17/14900

BANK NIFTY 0.97/36000

Stocks in the news

GAIL: The share buyback to open February 25 and close on March 10.

Jubilant FoodWorks: The company appointed Ashish Goenka as CFO. Earlier Goenka was with Bharti Airtel as Executive VP.

Phillips Carbon Black: The company commissioned two specialty black lines at Palej in Gujarat.

Dish TV India: The company approved raising funds of up to Rs 1,000 crore.

Bharti Airtel: The company to acquire 20% stake in Bharti Telemedia from Lion Meadow Investment Ltd, a Warburg Pincus entity.

NALCO: The company to open its share buyback worth Rs 749.1 crore on February 25 and close on March 10.

Nifty Futures

Nifty future has support at 15130 and resistance at 15325.

Break and sustain above 15325 will take it to 15390---15450. Break and sustain above 15450 will see a sharp short covering in Nifty.

Below 15130... Target looks 15070---14990---14900.

Trade safely as trend is still positive...

Bank Nifty Futures

Bank Nifty futures has support at 36800---36000 and resistance at 38000.

Only for risky traders.... Buy Bank Nifty futures above 37200 with stop loss below 36800 for the upside target of 37700---38000.

Top Pick

Buy BEL in cash/futures around 137.5o. Stop loss below 130.00. Target 149 (Trade as per capacity)

PSU Banking stocks looks good on the daily chart. Expect sharp upside move in Bharti Airtel too. Yesterday's low is very crucial in the recommended sector and stock.

EPL... Made a high of 229 but unable to sustain. (Not able to exit, hold long with stop loss below 200).

Gail... Call not active. Ignore.

Read disclaimer before investing, For queries, contact your RM or write us on research@indianmarketview.com