The NIFTY opened at 19840.55 with a gap down of 61 points. Prices have continued its bearish momentum and started drifting downwards from its opening tick. A sharp decline brought prices near 19700 and then the index started moving sideways. That sideways momentum lasted till the end. However, prices have slowly moved down within a consolidation. The index recorded its intraday high at 19848.75 in its initial trades, its intraday low at 19709.95 towards the end, and finally closed at 19742.45 with a loss of 159.05 points or 0.80% down. All the sectoral indices moved in line with the NIFTY 50 index and closed in red except MEDIA which ended with marginal gains. BANK, FINANCIAL. AUTO, and REALTY led the bears and ended with a loss of over 1%. The short-term trend is sideways now. A rally found resistance around 20200 and then prices saw a sharp decline which brought the index to its support levels of around 19700 in just two days.


The BANK NIFTY opened at 45179.60 with a big gap down of 263 points. The index initially moved higher but soon started a consolidation process. Prices have broken on the downside after recording its intraday high at 45276.80 and saw a sharp decline. The down move lasted almost till the end, prices recorded its intraday low at 44592.45, and finally closed at 44610.20 with a loss of 832 points. PSU and PVT BANK both indices have performed almost the same, saw a sharp downside move, and finally closed with a loss of 2.28% & 1.53% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the downside followed by SBIN. The short-term trend is sideways. A sharp upside move found resistance around 46200 and then a sharp decline came that took prices to its support level around 44800. That support also breached and the next visible support is around 44000. So far, in the last three days, we have seen a down move of over 1500 points


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
BERGEPAINT.23.09 Sep 711.5 3.26 6.2 10102400 BANKBARODA.23.09 Sep 206.7 -3.57 2.64 100210500
MCX.23.09 Sep 1758.55 1.78 6.58 3127200 APOLLOTYRE.23.09 Sep 367.25 -3.22 2.02 11650100
RECLTD.23.09 Sep 259.75 1.72 1.64 52648000 GLENMARK.23.09 Sep 833.5 -3.19 7.91 9063950
CUMMINSIND.23.09 Sep 1743.4 0.79 0.49 5583000 M&M.23.09 Sep 1586 -3.13 0.07 14280700
DRREDDY.23.09 Sep 5678 0.78 2.51 2559500 M&MFIN.23.09 Sep 296.65 -3.07 3.06 39504000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HINDPETRO.23.09 Sep 262.85 1.58 -2.99 46753200 IBULHSGFIN.23.09 Sep 188 -5.76 -0.14 51515100
ADANIPORTS.23.09 Sep 834.2 1.56 -0.2 47845600 BALRAMCHIN.23.09 Sep 419.2 -4.92 -2.97 9771200
TECHM.23.09 Sep 1294 1.18 -2.81 10925400 ICICIPRULI.23.09 Sep 567.2 -3.87 -1.01 6349500
ASIANPAINT.23.09 Sep 3256.1 1.16 -2.28 4988200 INDIACEM.23.09 Sep 230.95 -3.67 -4.15 18345400
BSOFT.23.09 Sep 492 1.14 -0.21 8506000 HINDCOPPER.23.09 Sep 153.6 -3.31 -2.01 29521000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2473.35 0.26 2223720 1423663 79.31 Nifty50 19742.35 -0.8 84453
Reliance Industries Ltd 2364.8 -0.73 6113091 22544832 78.99 Niftybank 44623.85 -1.68 84453
Bharti Airtel Limited 917.95 0.8 4896202 3754543 71.63 Nifty it 32919.95 -0.09 84453
Maruti Suzuki India Ltd 10284.3 -0.6 577252 389006 71.36 India Vix 10.82 -2.79 84453
Hcl Technologies Ltd. 1278 -1.19 3112700 1575192 70.93 Nifty Fmcg 51672.65 -0.48 84453
Ultratech Cement Limited 8313.55 -1.71 393954 220228 69.39 Nifty Pharma 15306.7 -0.99 84453
Balkrishna Ind. Ltd 2529.3 -0.82 120153 334570 68.68 Nifty Realty 565.25 -1.21 84453
Tech Mahindra Limited 1291.65 1.36 2960250 1924294 67.67 Nifty Auto 16200.4 -1.69 84453
Info Edge (india) Limite 4439.95 -0.56 174814 301771 67.41 Nifty Metal 6806.6 -0.55 84453
Indigo 2387.15 -0.61 714106 1086670 67.36 Nifty Financial Services 19814.95 -1.44 84453

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Deposit Growth on 22nd September, 2023

INR: FX Reserves, USD on 22nd September, 2023

USD: Services PMI (Sep) on 22nd September, 2023

USD: Building Permits on 26th September, 2023

News Updates

  • The Sensex was down 570.60 points or 0.85 percent at 66,230.24, and the Nifty was down 159.10 points or 0.80 percent at 19,742.30. Declines outnumbered gains as about 1,288 shares rose, 2,254 fell and 127 were unchanged.

  • Canada pension fund has invested over $2 billion in 9 Indian new-age companies. Apart from the new-age companies, CPPIB has also invested in legacy companies such as Kotak Mahindra Bank, ICICI Bank, Infosys and Wipro.

  • Kotak Data Centre Fund (KDCF), managed by Kotak Alternate Asset Managers Limited (KotakAlt), on September 21 announced an investment of Rs 600 crore in Sify Infinit Spaces Limited (SISL), a wholly-owned subsidiary of Sify Technologies Limited.

  • Glenmark Life Sciences was up over one percent in the afternoon trade following a CNBC Awaaz report that parent Glenmark Pharmaceuticals was looking to reduce its stake in the company without sharing the details.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
CRESSAN General;Preferential Issue of shares 22-Sep-23 ANKITMETAL General 25-Sep-23
DHYAANI General 22-Sep-23 AVANCE General;Increase in Authorised Capital;Stock  Split 25-Sep-23
HNDFDS General 22-Sep-23 INFRAIND Audited Results 25-Sep-23
IL&FSTRANS General 22-Sep-23 INTECCAP General 25-Sep-23
JONJUA General 22-Sep-23 JYOTISTRUC General 25-Sep-23
KTKBANK General 22-Sep-23 MADHUVEER Preferential Issue of shares 25-Sep-23
MMTC Quarterly Results 22-Sep-23 MANGIND General 25-Sep-23
MPL General 22-Sep-23 POWERGRID General 25-Sep-23
SUCROSA General 22-Sep-23 RATNAVEER Quarterly Results 25-Sep-23
SWANENERGY General 22-Sep-23 ROYALCU Issue Of Warrants;Preferential Issue of shares 25-Sep-23
SYSCHEM General;Right Issue of Equity Shares 22-Sep-23 SFL General 25-Sep-23
VUENOW General;Increase in Authorised Capital;Preferential Issue of shares 22-Sep-23 SPANDANA General 25-Sep-23
BRIDGESE Right Issue of Equity Shares;Rights Issue 23-Sep-23 STAR Scheme of Arrangement 25-Sep-23
EKI Audited Results;Quarterly Results 23-Sep-23 STARHFL General 25-Sep-23
KRL General;Preferential Issue of shares 23-Sep-23 STRLGUA General 25-Sep-23
MKPL Stock  Split 23-Sep-23 VEERHEALTH Bonus issue 25-Sep-23
NIKSTECH Issue Of Warrants;Preferential Issue of shares 23-Sep-23 VPRPL Quarterly Results 25-Sep-23
RENUKA General 23-Sep-23 WARDWIZFBL General 25-Sep-23
SAMOR General;Issue Of Warrants 23-Sep-23 CORALAB General 26-Sep-23
SJVN General 23-Sep-23 TAPARIA General 26-Sep-23
WARDINMOBI General 23-Sep-23 VINNY Increase in Authorised Capital;Right Issue of Equity Shares 26-Sep-23
ZUARI General 23-Sep-23 HDIL Quarterly Results 27-Sep-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AARTECH 22-Sep-23 Dividend – Rs. – 0.5000 BHARAT 22-Sep-23 Final Dividend – Rs. – 0.6000
ADDIND 22-Sep-23 Final Dividend – Rs. – 1.2500 BLACKROSE 22-Sep-23 Final Dividend – Rs. – 0.5500
ADSDIAG 22-Sep-23 Dividend – Rs. – 0.9000 BODALCHEM 22-Sep-23 Final Dividend – Rs. – 0.1000
AHLUCONT 22-Sep-23 Final Dividend – Rs. – 0.4000 BTML 22-Sep-23 Final Dividend – Rs. – 0.5000
ALPHAGEO 22-Sep-23 Final Dividend – Rs. – 8.0000 CEEJAY 22-Sep-23 Final Dividend – Rs. – 1.2000
AMBIKCO 22-Sep-23 Final Dividend – Rs. – 35.0000 CFEL 22-Sep-23 Final Dividend – Rs. – 0.3750
APOLLO 22-Sep-23 Final Dividend – Rs. – 0.0250 CONFIPET 22-Sep-23 Final Dividend – Rs. – 0.1000
ARIES 22-Sep-23 Final Dividend – Rs. – 1.0000 CTCL 22-Sep-23 Final Dividend – Rs. – 0.2000
ASIIL 22-Sep-23 Dividend – Rs. – 0.2000 CYBERTECH 22-Sep-23 Final Dividend – Rs. – 2.0000
ATAM 22-Sep-23 Final Dividend – Rs. – 1.5000 DAPS 22-Sep-23 Final Dividend – Rs. – 0.5000
AURIONPRO 22-Sep-23 Final Dividend – Rs. – 2.5000 DATAMATICS 22-Sep-23 Special Dividend – Rs. – 1.2500
AUSOMENT 22-Sep-23 Final Dividend – Rs. – 0.5000 DATAMATICS 22-Sep-23 Final Dividend – Rs. – 3.7500
BAJAJHCARE 22-Sep-23 Final Dividend – Rs. – 1.0000 DCW 22-Sep-23 Final Dividend – Rs. – 0.3000
BAMBINO 22-Sep-23 Dividend – Rs. – 1.6000 DECCANCE 22-Sep-23 Final Dividend – Rs. – 3.7500
BASANTGL 22-Sep-23 Dividend – Rs. – 0.0800 DENISCHEM 22-Sep-23 Final Dividend – Rs. – 2.0000
BBTC 22-Sep-23 Dividend – Rs. – 1.2000 DEVIT 22-Sep-23 Final Dividend – Rs. – 0.2500
BCLIL 22-Sep-23 Final Dividend – Rs. – 5.0000 DHANROTO 22-Sep-23 Final Dividend – Rs. – 1.2500
BECTORFOOD 22-Sep-23 Final Dividend – Rs. – 1.7500 DIXON 22-Sep-23 Final Dividend – Rs. – 3.0000
BEEKAY 22-Sep-23 Final Dividend – Rs. – 1.0000 ELIN 22-Sep-23 Final Dividend – Rs. – 1.0000
BERGEPAINT 22-Sep-23 Bonus issue 1:5 EMERALD 22-Sep-23 Final Dividend – Rs. – 0.1000
BHANDHOS 22-Sep-23 Final Dividend – Rs. – 0.0100 EVANS 22-Sep-23 Final Dividend – Rs. – 2.0000
BHANDHOS 22-Sep-23 Right Issue of Equity Shares FERMENTA 22-Sep-23 Final Dividend – Rs. – 1.2500

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