February Expiry
Apollo Hospitals, Bajaj Auto, LTIMindtree, Eicher Motors, and UPL lost on the Nifty, while Adani Enterprises, Tata Consumer, M&M, IndusInd Bank, and Adani Ports gained.
On February F&O expiry day, Indian indexes gained somewhat, with Nifty closing at 22,000.
At closure, the Sensex was up 195.42 points or 0.27 percent at 72,500.30 while the Nifty was up 31.65 points or 0.14 percent at 21,982.80.
At February expiration, the Nifty50 climbed 3%. Sensex and Nifty gained 1% apiece in February.
Sectors and stocks
Apollo Hospitals, Bajaj Auto, LTIMindtree, Eicher Motors, and UPL lost on the Nifty, while Adani Enterprises, Tata Consumer, M&M, IndusInd Bank, and Adani Ports gained.
All sectors indexes except healthcare ended in the green, with bank, capital goods, metal, and power up 0.5-1 percent.
BSE smallcap index increased 0.5 percent and midcap index approximately 1 percent.
Zee Entertainment Enterprises, SAIL, and Aditya Birla Fashion & Retail had volume spikes above 700%.
In Berger Paints, Hindustan Copper, and Shriram Finance, the build-up was long, whereas Apollo Hospitals, Aditya Birla Fashion & Retail, and SBI Cards were brief.
Indus Towers, PB Fintech, Bajaj Holdings, Force Motors, Godfrey Phillip, GE T&D India, Lumax Auto Tech, Ingersoll Rand, Intellect Design, Jindal Worldwide, Kalyani Steels, Paisalo Digital, Sona BLW, Tata Investment Corp, Triveni Turbine, Venus Pipes, Zomato, and others hit their BSE 52-week
February 29 forecast
On the monthly expiry day, markets traded volatile but managed to end marginally higher. The Nifty experienced a tussle at 21,900, which coincides with a short-term moving average (20 DEMA) and expects the index to face a hurdle around 22,100-22,250 in case of recovery. Excessive volatility and failed breakouts across sectors add to traders’ worries. It is prudent to avoid aggressive trades and utilize rebound to reduce longs.
Senior Technical Analyst at LKP Securities, believes it is prudent to avoid aggressive trades in the current scenario and utilize rebound to reduce longs. The Nifty closed flat on the daily chart just above the 21-day Exponential Moving Average (21EMA), but the prevailing sentiment appears somewhat negative from the current level. Crucial support is positioned at 21950, and a decline below 21950 could potentially lead the index towards 21800.
Technical Research Analyst at Sharekhan by BNP Paribas, believes the Nifty opened on a flat note and consolidated for most of the day. The Nifty has held onto the crucial support zone of 21900 – 21850, which coincides with the 20-day moving average and the 50% Fibonacci retracement level of the rise from 21530 – 22249. Prices are broadly trading in the range of 21800 – 22300 since last nine trading sessions, and the momentum setup on the daily and hourly time frame provides divergent signals, making it likely to witness volatile action going ahead.
| FII Sold | 1,879.23 Cr |
| DII Bought | 1,827.45 Cr |
Indian Market Stocks
| Sensex | 195.42 | +0.27% | 72,500.30 |
| Nifty 50 | 31.65 | +0.14% | 21,982.80 |
| Bank Nifty | 157.75 | +0.34% | 46,120.90 |
Market Movers
| Adani Enterpris | 66.40 2.06% | Power Grid Corp | -12.95 -4.43% |
| TATA Cons. Prod | 22.10 1.89% | Apollo Hospital | -258.25 -3.90% |
| IndusInd Bank | 25.70 1.77% | Eicher Motors | -139.00 -3.47% |
| M&M | 30.75 1.62% | Bajaj Auto | -274.85 -3.25% |
| Adani Ports | 21.00 1.62% | Maruti Suzuki | -347.85 -3.02% |
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