The NIFTY opened at 19674.75 with a big gap down of around 100 points. The index initially moved higher and filled the entire gap within the first five minutes of trading. The rally continued but soon prices started facing resistance and then turned down after recording its intraday high at 19806. A down move started which lasted till the end. The index gave up all the gains but could not move below early morning lows which was recorded around 19667.45. The index finally dosed at 19731.80 with a loss of 33.40 points or 0.17% down. PHARMA, FMCG, and AUTO outperformed and closed with a gain of over half a percent followed by REALTY. BANK and OIL GAS underperformed and ended with a loss of over 1% followed by FINANCIAL. The short-term trend is still up. Support is now visible around 19500 while resistance is visible around 19850.


The BANK NIFTY opened at 43656.25 with a big gap down of around 481 points. The index initially moved higher but soon found strong resistance and started drifting downwards after recording its intraday high at 43872.85. Prices have seen a mild down move for the whole day, recorded its intraday low at 43513.85, and finally closed at 43545.35 with a loss of 592 points. PSU BANK has again underperformed, saw a sharp down move, and closed with a loss of 2.39% PVT BANK has also moved down and ended with a loss of 1.30%. Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while SBIN contributed the lowest. The short-term trend is now sideways which was up before. Fresh support is now visible around 43400 while resistance may emerge around 44400.


BHARTI AIRTEL 797.05 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 801.90 with a stop loss of 795.00 and a target of 823.00.
PIDILITE IND 2550.35 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2545.25 with a stop loss of 2568.35 and a target of 2493.15.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TVSMOTOR.23.11 Nov 1746.8 4.05 5.17 6971300 RBLBANK.23.11 Nov 235.55 -7.65 21.16 51850000
SBILIFE.23.11 Nov 1415.9 3.93 9.46 6719250 SBICARD.23.11 Nov 726.95 -6.12 43.21 14172800
EXIDEIND.23.11 Nov 282.35 3.37 10.44 15771600 ABCAPITAL.23.11 Nov 171.35 -5.85 14.15 54064800
AUROPHARMA.23.11 Nov 1006.85 3.02 2.22 18526200 IDFCFIRSTB.23.11 Nov 84.75 -3.69 9.51 249135000
IBULHSGFIN.23.11 Nov 192.65 2.97 2.07 53973300 SBIN.23.11 Nov 565.1 -3.67 29.1 101491500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IRCTC.23.11 Nov 710 4.46 -7.45 11641000 L&TFH.23.11 Nov 141.75 -5.44 -0.56 51107748
ICICIGI.23.11 Nov 1451.9 3.56 -0.87 2724500 MANAPPURAM.2311Nov 154.05 -4.02 -6.99 67788000
HDFCAMC.23.11 Nov 2898.85 3.23 -6.01 2701800 IDFC.23.11 Nov 117.9 -3.52 -1.42 76915000
HDFCLIFE.23.11 Nov 653.2 2.65 -1.07 15492400 MCX.23.11 Nov 2869 -2.65 -5.31 2768800
RECLTD.23.11 Nov 340.25 2.59 -1.87 49234000 ONGC.23.11 Nov 197.1 -2.45 -1.46 56029050

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Petronet Lng Limited 196.05 -0.71 3330232 7413337 80.85 Nifty50 19731.8 -0.17 41293182
Abbott India Limited 23625.5 1.43 25702 18505 77.68 Niftybank 43583.95 -1.31 18660099
Godrej Cons Products Ltd 996.95 1.75 947219 898920 76.17 Nifty it 32191.3 -0.25 889812
Marico Limited 529.95 2.49 1424894 1533766 75.19 India Vix 11.83 1.55 687845179
Power Grid Corporation o 209.5 1.11 16705395 20524398 74.54 Nifty Fmcg 52756.1 0.86 335325
Crompton Greaves Consume 288.1 1.05 1112495 1629284 72.84 Nifty Pharma 15804.5 0.98 51660264
Jublfood 528.05 0.13 875286 2405677 70.44 Nifty Realty 692.7 0.49 1177164714
Torrent Pharma Ltd. 2082.35 2.1 147474 238166 69.62 Nifty Auto 16905.5 0.69 48235711
Srf Ltd. 2361.35 0.31 249581 124039 69.24 Nifty Metal 6803.9 0.17 119682695
Indigo 2606.55 1.53 1263161 405029 68.66 Nifty Financial Services 19554.3 -0.9 6396196

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 24th November, 2023

INRGDP Quarterly (YoY) (Q2) on 30th October, 2023

USD: Existing Home Sales (Oct) on 21st November, 2023

USD: FOMC Meeting Minutes  on 22nd November, 2023

News Updates

  • Benchmark indices ended lower in the volatile session on November 17 with Nifty below 19,750. At close, the Sensex was down 187.75 points or 0.28 percent at 65,794.73, and the Nifty was down 33.40 points or 0.17 percent at 19,731.80. About 1926 shares advanced, 1654 shares declined, and 138 shares unchanged.

  • The bustling primary market is set to simmer in the week beginning November 20 with six companies ready to mop up around Rs 7,400 crore. The IPOs next week include Tata Technologies, the first Tata Group firm to go public almost 20 years, and Indian Renewable Energy Development Agency, the first government offering since LIC in May 2022.

  • The Reserve Bank of India’s (RBI) decision to increase risk weight for consumer credit is likely to reduce the capital adequacy of the company by around 4 percent, SBI Card said in a statement on November 17. On November 16, the RBI increased the risk weight on the consumer credit exposure of commercial banks and NBFCs by 25 percentage points.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ALFATRAN Scheme of Arrangement 20-Nov-23 MACPLASQ Quarterly Results 21-Nov-23
ASHIS Quarterly Results 20-Nov-23 MHEL Half Yearly Results;Quarterly Results 21-Nov-23
CRESSAN Right Issue of Equity Shares;General 20-Nov-23 PODDAR Quarterly Results 21-Nov-23
CRPRISK Audited Results;A.G.M. 20-Nov-23 RANJITSE Quarterly Results 21-Nov-23
DCI Issue Of Warrants;Preferential Issue of shares 20-Nov-23 SECURCRED Quarterly Results 21-Nov-23
DELTA General 20-Nov-23 UNISTRMU Quarterly Results 21-Nov-23
JAYANT Increase in Authorised Capital;Issue Of Warrants;General 20-Nov-23 USHDI Quarterly Results 21-Nov-23
RATEGAIN General 20-Nov-23 AXITA Bonus issue;General 23-Nov-23
RISHYRN General 20-Nov-23 BRAHMINFRA Quarterly Results 23-Nov-23
SATIN General 20-Nov-23 FORINTL General 23-Nov-23
SECURCRED General 20-Nov-23 HIMFIBP General 23-Nov-23
STRATMONT General 20-Nov-23 KLRFM Dividend 23-Nov-23
TOYAMSL Quarterly Results 20-Nov-23 CMMHOSP General 24-Nov-23
TRL Issue Of Warrants;General;Preferential Issue of shares 20-Nov-23 EASTWEST General 24-Nov-23
VALENCIA General 20-Nov-23 PNBHOUSING General 24-Nov-23
VJTFEDU General;Quarterly Results 20-Nov-23 STANCAP Bonus issue;Stock  Split 24-Nov-23
BANG General 21-Nov-23 WARDINMOBI General 24-Nov-23
CLIOINFO Quarterly Results 21-Nov-23 METALFORGE Quarterly Results 15-Dec-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANURAS 20-Nov-23 Interim Dividend – Rs. – 0.5000 TALBROSENG 21-Nov-23 Interim Dividend – Rs. – 1.5000
ATUL 20-Nov-23 Buy Back of Shares TIDEWATER 21-Nov-23 Interim Dividend – Rs. – 20.0000
AUROPHARMA 20-Nov-23 Interim Dividend – Rs. – 3.0000 CRISIL 22-Nov-23 Interim Dividend – Rs. – 11.0000
BALRAMCHIN 20-Nov-23 Interim Dividend – Rs. – 3.0000 HGIND 22-Nov-23 Amalgamation
BELLACASA 20-Nov-23 Interim Dividend – Rs. – 0.8000 INGERRAND 22-Nov-23 Interim Dividend – Rs. – 50.0000
COCHINSHIP 20-Nov-23 Interim Dividend – Rs. – 8.0000 IPCALAB 22-Nov-23 Interim Dividend – Rs. – 2.0000
DOLATALGO 20-Nov-23 Interim Dividend – Rs. – 0.1500 NATIONALUM 22-Nov-23 Interim Dividend – Rs. – 1.0000
GMM 20-Nov-23 Interim Dividend – Rs. – 1.0000 OIL 22-Nov-23 Interim Dividend – Rs. – 3.5000
GMPL 20-Nov-23 Interim Dividend – Rs. – 0.5000 PGIL 22-Nov-23 Interim Dividend – Rs. – 12.5000
KSCL 20-Nov-23 Interim Dividend – Rs. – 5.0000 TDPOWERSYS 22-Nov-23 Interim Dividend – Rs. – 0.5000
MAZDOCK 20-Nov-23 Interim Dividend – Rs. – 15.3400 AMRUTANJAN 23-Nov-23 Interim Dividend – Rs. – 1.0000
OLATECH 20-Nov-23 Bonus issue 17:20 PGHL 23-Nov-23 Final Dividend – Rs. – 50.0000
COALINDIA 21-Nov-23 Interim Dividend – Rs. – 15.2500 PREMCO 23-Nov-23 Interim Dividend – Rs. – 3.0000
EIDPARRY 21-Nov-23 Interim Dividend – Rs. – 4.0000 SHAILY 23-Nov-23 Stock  Split From Rs.10/- to Rs.2/-
EPL 21-Nov-23 Interim Dividend – Rs. – 2.1500 AVANTEL 24-Nov-23 Bonus issue 2:1
GILLETTE 21-Nov-23 Final Dividend – Rs. – 50.0000 BMW 24-Nov-23 Interim Dividend – Rs. – 0.2200
GPPL 21-Nov-23 Interim Dividend – Rs. – 3.6000 CAREERP 24-Nov-23 Interim Dividend – Rs. – 1.0000
NATPEROX 21-Nov-23 Final Dividend – Rs. – 1.0000 DDEVPLASTIK 24-Nov-23 Interim Dividend – Rs. – 0.5000
ONGC 21-Nov-23 Interim Dividend – Rs. – 5.7500 ECOBOAR 24-Nov-23 E.G.M.
RMC 21-Nov-23 Interim Dividend – Rs. – 0.2000 EMSLIMITED 24-Nov-23 Interim Dividend – Rs. – 1.0000
SENCO 21-Nov-23 Interim Dividend – Rs. – 1.0000 ESABINDIA 24-Nov-23 Interim Dividend – Rs. – 32.0000
SUNTV 21-Nov-23 Interim Dividend – Rs. – 5.0000 GNFC 24-Nov-23 Buy Back of Shares

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