THE NIFTY ENDED BELOW 18300

COMPANY NAME	CMP	B/S	RATIONALE
SUN PHARMA	952.15	BUY	The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 954.95 with a stop loss of 944.90 and a target of 974.35.
FEDERAL BANK	123.80	SELL	The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 123.40 with a stop loss of 124.65 and a target of 120.95.

Stock Name	Strike Price	Buy/Sell	CMP	Initiation	Stop Loss	Target	Remarks
TATA CHEM (29 JUNE)	1000 CE	BUY	24.50	CMP	20	33	BREAKOUT

Long Buildup						Short Buildup
Stocks	Price	Price%	OI %	OI		Stocks	Price	Price%	OI %	OI
Short Covering						Long Unwinding
Stocks	Price	Price%	OI %	OI		Stocks	Price	Price%	OI %	OI
DEEPAKNTR.23.05 May	2132.7	9.3	-29.97	455000		ADANIENT.23.05 May	2479.9	-5.7	-42.3	2594750
DIXON.23.05 May	3513.8	7.4	-42.02	322500		CUMMINSIND.23.05 May	1593.2	-5.46	-44.44	602400
LAURUSLABS.23.05 May	334.7	6.22	-53.12	3135000		INDIACEM.23.05 May	189.95	-3.14	-47.9	4283300
CROMPTON.23.05 May	276	3.6	-58.05	2325000		SHREECEM.23.05 May	24015.05	-2.95	-46.46	62500
BANDHANBNK.23.05 May	260.5	2.86	-57.96	7556400		MCX.23.05 May	1355.3	-2.7	-29.37	644400

Stocks	Price	%Chg	Total Qty	Delivery	Del %			% Change
							Sectors	Price	Change %	Quantity
Power Grid Corporation o	235.8	0.73	6658479	6920779	74.07		Nifty50	18285.4	-0.34	32774462
United Spirits Limited	835.3	1.62	892521	795533	74.07		Niftybank	43677.85	-0.63	13710736
Sun Pharma  Ltd	952.15	2.21	2953574	2264258	74.05		Nifty it	28890.8	0.06	752564
Crompton Greaves Consume	276.2	3.8	13658556	7282742	73.19		India Vix	13.11	4.05	459369949
Mah & Mah Ltd.	1275.7	0.56	1369297	1278558	70.88		Nifty Fmcg	49355.25	0.48	318443
Dabur India Ltd.	526.7	0.18	2304274	1063259	70.84		Nifty Pharma	12440.45	1.03	48343038
Tata Consultancy Serv Lt	3303.35	0.19	1016555	1191550	70.61		Nifty Realty	461.55	-0.01	1298714320
Alkem	3310.1	1.6	251572	262577	70.29		Nifty Auto	13989.6	0.05	42894498
Indigo	2269	-0.36	1205803	426778	67.11		Nifty Metal	5855.15	-1.56	101491220
Petronet Lng Limited	225.15	0.11	1198122	754467	67.01		Nifty Financial Services	19243	-0.8	4677465

UPCOMING ECONOMIC DATA

NEWS UPDATES

• The Indian equity market snapped a 3-day winning streak and ended lower in yet another volatile session on May 24. At close, the Sensex was down 208.01 points or 0.34% at 61,773.78, while the Nifty was down 62.60 points or 0.34% at 18,285.40.

• Hindalco Industries on May 24 reported net consolidated profit for the quarter ended March at Rs 2,411 crore, down 37 percent from Rs 3,860 crore in the same quarter a year ago. Its revenue from operations came in at Rs 55,857 crore, rising 0.16 percent from Rs 55,764 crore in the corresponding quarter last year, the aluminium maker said in an exchange filing.

• FSN E-Commerce Ventures, which operates Nykaa, on May 24 reported net consolidated profit for the quarter ended March at Rs 2.41 crore, down 71.83 percent from Rs 8.56 crore in the same quarter a year ago. Its revenue from operations came in at Rs 1,301.72 crore, rising 33.74 percent from Rs 973.32 crore in the corresponding quarter last year, the company said in an exchange filing.

• Cummins India reports 61% jump in Q4 profit on robust domestic, international demand. The company reported consolidated profit after tax at 3.49 billion rupees ($42.7 million) in the three months ended March 31, compared to 2.16 billion rupees a year earlier.

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint

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