The NIFTY opened at 19463.75 with a gap down of 63 points. Initially, the index moved up, filled the gap, and then started finding resistance around yesterday’s closing prices. Prices have formed a consolidation which eventually broke on the downside after prices recorded its intraday high at 19537.65. The Index then saw a steep fall toward the 19300 level. The NIFTY recorded its intraday low at 19296.45 and spent the last two hours of trading moving sideways. The index finally closed at 19381.65 with a loss of 144.90 points or 0.74% down. All the sectoral indices have moved down and ended with a loss except PHARMA and MEDIA, BANK, FINANCIAL, and REALTY led the bears and ended with a loss of over 1% followed by OIL GAS. After such a sharp fall, the next few days may be choppy and narrow. Support is now visible around 19300 and the index is now roaming around this level. Resistance is now visible around 19700.


The BANK NIFTY opened at 44862.85 with a gap down of 217 points. The index initially moved up, filled the gap, and then found resistance. Prices started moving downward after recording its intraday high at 45038.45. A sharp decline came which took the index below 44500. Prices have recorded its intraday low at 44279.40 and finally closed at 44582.05 with a loss of 407 points. PSU and PVT BANK, both indices have performed almost the same today, saw a sharp intraday decline, and closed with a loss of 0.59% & 1% respectively. Within the index, in terms of points, AU BANK contributed the highest on the upside while ICICI BANK contributed the lowest. A gap-down opening did not sustain but eventually, the index moved lower after finding resistance around yesterday’s closing prices. Prices have reached the pattern target of 44300 of a range breakdown from 45300-46300 zones.


JUBL FOOD 491.25 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 491.00 with a stop loss of 487.90 and a target of 499.85.
TATA MOTORS 618.95 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 618.95 with a stop loss of 627.00 and a target of 607.50.


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
DIXON.23.08 Aug 4483.9 7.82 15.99 1151800 VEDL.23.08 Aug 241.45 -8.04 54.52 91098000
LAURUSLABS.23.08 Aug 388.65 5.99 8.71 12321600 GODREJPROP.23.08 Aug 1575.65 -5.6 26.47 3824225
MRF.23.08 Aug 108298.7 4.97 12.41 46200 DELTACORP.23.08 Aug 189.5 -4.56 3.35 10530800
IRCTC.23.08 Aug 663.5 3.73 7.51 12964875 INDIGO.23.08 Aug 2468.9 -4.55 8.88 5766000
LUPIN.23.08 Aug 1037 3.57 8.56 5165450 LICHSGFIN.23.08 Aug 402.5 -3.65 9.59 21754000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IBULHSGFIN.23.08 Aug 164.5 10.03 -0.45 52596300 NAVINFLUOR.23.08 Aug 4515 -1.61 -2.19 924900
HINDCOPPER.23.08 Aug 151.95 3.51 -1.34 28514000 ESCORTS.23.08 Aug 2576.35 -1.29 -0.78 1400300
LTTS.23.08 Aug 4244.5 3.06 -1.6 773600 IDEA.23.08 Aug 7.9 -1.25 -1.86 732480000
ZEEL.23.08 Aug 235.15 2.8 -0.13 105648000 HAVELLS.23.08 Aug 1313 -0.56 -0.45 5263500
PEL.23.08 Aug 969.95 2.66 -1.16 10619250 VOLTAS.23.08 Aug 803.45 -0.48 -0.87 9354000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1364.3 0.55 6503741 5734898 77.3 Nifty50 19381.65 -0.74 108084
Godrej Cons Products Ltd 1014.5 -0.51 714395 787982 74.3 Niftybank 44513.45 -1.07 108024
Apollo Hospitals Ltd 4996.3 -0.01 412037 746488 73.43 Nifty it 29971.15 -0.24 108024
Hcl Technologies Ltd. 1125.5 -0.48 1608187 1981228 73.35 India Vix 11.19 -0.84 108309
Mah & Mah Ltd. 1469.15 -1.09 2222395 2329894 73.07 Nifty Fmcg 52062.35 -0.58 108024
Tata Consultancy Serv Lt 3399.95 -1.18 2026351 1398129 73.01 Nifty Pharma 15099.2 1.04 108024
Dabur India Ltd. 555.05 -1.87 5441318 1296864 69.41 Nifty Realty 538.65 -1.78 108024
Sun Pharma  Ltd 1141 0.51 8460399 1185421 68.45 Nifty Auto 15379.8 -0.32 108024
Ltimindtree Limited 4869.9 0.08 346102 366718 67.64 Nifty Metal 6602.2 -0.47 108024
Hindustan Unilever Ltd 2551.3 -0.69 1475310 1403778 67.4 Nifty Financial Services 19832.45 -1.17 108021

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 4th August, 2023

INR: Bank Loan Growth on 4th August, 2023

USD: Average Hourly Earnings (MoM) (Jul) on 4th August, 2023

USD: Nonfarm Payrolls (Jul) on 4th August, 2023

News Updates

  • The Indian equity benchmarks extended the losing streak to a third day on August 3, pulled down by bank, metal, oil & gas and realty names, even as buying in pharma stocks helped trim the losses in the final hour. At close, the Sensex was down 542.10 points, or 0.82 percent, at 65,240.68, and the Nifty was down 144.80 points, or 0.74 percent, at 19,381.70.

  • Zomato on August 3 posted a net profit of Rs 2 crore in the first quarter of the current financial year and reported revenues of Rs 2,416 crore, up 70.9 percent from the year-ago period, as demand growth recovered on cooling inflation and strength of the food delivery platform’s loyalty programme. During the same quarter last year, Zomato had posted a net loss of Rs 186 crore while its revenues stood at Rs 1,414 crore.

  • Adani Enterprises on August 3 reported a consolidated net profit of Rs 674 crore for the quarter ended June 2023, rising 44 percent over Rs 469 crore reported last fiscal. The company’s revenue from operations came in at Rs 25,438 crore, down 38 percent from Rs 40,844 crore reported during the previous corresponding quarter, it said in an exchange filing. Adani Enterprises attributed the fall to correction in coal prices.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AAPLUSTRAD Increase in Authorised Capital 04-Aug-23 CAMS Quarterly Results;Interim Dividend 04-Aug-23
AAYUSH Quarterly Results 04-Aug-23 CENTURYPLY Quarterly Results;General 04-Aug-23
ABFRL Quarterly Results 04-Aug-23 CESC Quarterly Results 04-Aug-23
AGSTRA Quarterly Results 04-Aug-23 CHEMCRUX Quarterly Results 04-Aug-23
AIIL Quarterly Results;General 04-Aug-23 CILSEC Quarterly Results 04-Aug-23
AMIORG Preferential Issue of shares 04-Aug-23 CONTILI Quarterly Results 04-Aug-23
APLLTD Quarterly Results 04-Aug-23 DBL Quarterly Results;General;A.G.M. 04-Aug-23
APTECHT Quarterly Results 04-Aug-23 DELHIVERY Quarterly Results 04-Aug-23
AROGRANITE Audited Results 04-Aug-23 DEVYANI Quarterly Results;General 04-Aug-23
ASHOKALC Quarterly Results 04-Aug-23 DIAMINESQ Quarterly Results 04-Aug-23
AXISCADES Quarterly Results 04-Aug-23 DICIND Quarterly Results 04-Aug-23
B2BSOFT Quarterly Results 04-Aug-23 DRAGARWQ Quarterly Results 04-Aug-23
BAIDFIN Final Dividend;Quarterly Results;General 04-Aug-23 EDELWEISS Quarterly Results 04-Aug-23
BDL Quarterly Results;General 04-Aug-23 EUROTEXIND Quarterly Results 04-Aug-23
BHAGCHEM Quarterly Results;General 04-Aug-23 EVERESTIND Quarterly Results 04-Aug-23
BHEL Quarterly Results 04-Aug-23 FCL Quarterly Results;General 04-Aug-23
BINANIIND Quarterly Results 04-Aug-23 FILATEX Quarterly Results 04-Aug-23
BINDALEXPO General 04-Aug-23 FILME Quarterly Results 04-Aug-23
BOMBCYC Quarterly Results;General 04-Aug-23 FLORATX Quarterly Results 04-Aug-23
BOMBPOT Quarterly Results 04-Aug-23 FORTIS Quarterly Results 04-Aug-23
BOMBWIR Quarterly Results 04-Aug-23 GATI Quarterly Results 04-Aug-23
BRITANNIA Quarterly Results 04-Aug-23 GFIL General 04-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AARTIDRUGS 04-Aug-23 Buy Back of Shares HERCULES 04-Aug-23 Final Dividend – Rs. – 1.5000
ABSLAMC 04-Aug-23 Final Dividend – Rs. – 5.2500 IPRINGLTD 04-Aug-23 Dividend – Rs. – 1.0000
ADORFO 04-Aug-23 Final Dividend – Rs. – 5.0000 JTLIND 04-Aug-23 Final Dividend – Rs. – 0.2000
ADVENZYMES 04-Aug-23 Final Dividend – Rs. – 1.0000 KALYANKJIL 04-Aug-23 Final Dividend – Rs. – 0.5000
AJANTPHARM 04-Aug-23 Interim Dividend – Rs. – 10.0000 KIRLOSENG 04-Aug-23 Final Dividend – Rs. – 2.5000
AJANTPHARM 04-Aug-23 Special Dividend – Rs. – 15.0000 KIRLOSIND 04-Aug-23 Final Dividend – Rs. – 11.0000
AJMERA 04-Aug-23 Final Dividend – Rs. – 3.0000 KOTAKBANK 04-Aug-23 Final Dividend – Rs. – 1.5000
ANDHRAPAP 04-Aug-23 Final Dividend – Rs. – 12.5000 MINDTECK 04-Aug-23 Dividend – Rs. – 1.0000
APARINDS 04-Aug-23 Final Dividend – Rs. – 40.0000 MUNJALSHOW 04-Aug-23 Final Dividend – Rs. – 4.5000
ASTRAL 04-Aug-23 Final Dividend – Rs. – 2.2500 NAVKAR 04-Aug-23 Final Dividend – Rs. – 0.0200
BAYERCROP 04-Aug-23 Final Dividend – Rs. – 30.0000 PRIMAPLA 04-Aug-23 Final Dividend – Rs. – 1.5000
BERGEPAINT 04-Aug-23 Dividend – Rs. – 3.2000 RAMINFO 04-Aug-23 Final Dividend – Rs. – 1.0000
CHENNPETRO 04-Aug-23 Final Dividend – Rs. – 27.0000 ROUTE 04-Aug-23 Interim Dividend – Rs. – 3.0000
CHEVIOT 04-Aug-23 Final Dividend – Rs. – 27.0000 SANGHVIMOV 04-Aug-23 Dividend – Rs. – 4.0000
DALMIASUG 04-Aug-23 Final Dividend – Rs. – 1.0000 SARDAEN 04-Aug-23 Stock  Split From Rs.10/- to Rs.1/-
DOLFIN 04-Aug-23 Final Dividend – Rs. – 1.2000 STAR 04-Aug-23 Final Dividend – Rs. – 1.5000
EMMBI 04-Aug-23 Final Dividend – Rs. – 0.3000 SUDARSCHEM 04-Aug-23 Final Dividend – Rs. – 1.5000
EPL 04-Aug-23 Final Dividend – Rs. – 2.1500 SYMPHONY 04-Aug-23 Interim Dividend – Rs. – 1.0000
GOLKUNDIA 04-Aug-23 Final Dividend – Rs. – 1.5000 TIMKEN 04-Aug-23 Final Dividend – Rs. – 1.5000
GRAUWEIL 04-Aug-23 Final Dividend – Rs. – 0.8000 TIPSINDLTD 04-Aug-23 Interim Dividend – Rs. – 1.0000
GRINDWELL 04-Aug-23 Final Dividend – Rs. – 14.5000 TIPSINDLTD 04-Aug-23 Final Dividend – Rs. – 0.5000
HERCULES 04-Aug-23 Special Dividend – Rs. – 1.0000 UFLEX 04-Aug-23 Dividend – Rs. – 3.0000

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