The NIFTY opened at 19462.80 with a gap up of 81 points. Initially, the index moved sideways for the first two hours of trading with support around 19450 and then saw a breakout. Prices recorded its intraday low at 19436.45 and saw an upside rally of about 100 points. The index found resistance there and moved down after recording its intraday high at 19538.85.A decline came and again hold 19450 support. The NIFTY saw some recovery towards the end of trading session and finally closed at 19517 with a gain of 135.35 points or 0.70% up. All the sectoral indices have moved up today and ended with a gain except AUTO and FMCG. IT led the bulls and ended with a gain of over 1% followed by BANK, FINANCIAL, and PHARMA. The short-term trend is still down. We have been tracking support around 19300 and resistance around 19700. The index respected 19300 support and bounced up.


The BANK NIFTY opened at 44754.75 with a gap up of 172 points. The Index initially moved lower, filled the gap, and then found support around 44550. Prices bounced up after recording its intraday low at 44520.55 and saw a sharp intraday rally to record its intraday high at 45118.05. The index found resistance there and again moved down, erasing almost all the gains. However, another rally came towards the end of today’s trading session and the index finally closed at 44858.50 with a gain of 276 points. PSU BANK has underperformed today, saw a mild down move, and ended with a loss of 0.70%. PVT BANK outperformed , saw a sharp upside rally, and ended with a gain of 1.25%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while SBIN contributed the lowest. The short-term trend is still down now.


GRASIM 1841.40 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1841.40 with a stop loss of 1819.45 and a target of 1899.50.
CHOLAMANDALAM INV 1085.30 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1071.65 with a stop loss of 1107.85 and a target of 1003.75.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DIVIS LAB  3800 CE BUY 99.55 CMP 90.10 128.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
LICHSGFIN.23.08 Aug 429.6 8.29 24.67 24254000 MGL.23.08 Aug 1045.15 -6.06 7.88 3208000
NAUKRI.23.08 Aug 4920.8 7.56 3.48 1178400 CUMMINSIND.23.08 Aug 1793.7 -5.33 11.2 4647600
IDEA.23.08 Aug 8.35 5.03 1.27 737360000 ABFRL.23.08 Aug 210.9 -5.26 5.3 28524600
MRF.23.08 Aug 112023.6 3.9 13.81 51440 METROPOLIS.23.08 Aug 1365.7 -3.74 10.43 1770800
DIXON.23.08 Aug 4617.25 3.39 8.25 1091400 ABCAPITAL.23.08 Aug 187.7 -3.35 11.45 24132600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
JUBLFOOD.23.08 Aug 517.6 5.21 -5.59 14645000 GUJGASLTD.23.08 Aug 446.6 -1.31 -0.22 8450000
INDIAMART.23.08 Aug 3145.85 3.67 -0.34 699600 AMBUJACEM.23.08 Aug 474.35 -0.78 -0.92 61497000
TORNTPHARM.23.08 Aug 2071.5 2.95 -5.71 1528500 GAIL.23.08 Aug 116.15 -0.43 -0.08 130497300
INDUSINDBK.23.08 Aug 1415.55 2.94 -2.25 19504000 TVSMOTOR.23.08 Aug 1362.45 -0.34 -0.47 6536600
TECHM.23.08 Aug 1181.85 2.94 -1.07 16714800 HEROMOTOCO.23.08Aug 2964.2 -0.32 -0.25 4253100

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Vedanta Limited 247.05 -2.76 31876311 168900144 74.51 Nifty50 19517 0.7 40662707
Godrej Cons Products Ltd 1017.55 0.3 597861 516973 72.37 Niftybank 44879.5 0.82 17664694
Cummins India Limited 1796.1 -4.52 3490486 551476 72.21 Nifty it 30436.1 1.55 1056224
Crompton Greaves Consume 297.15 1.71 2519248 2430899 66.66 India Vix 10.57 -5.46 729209544
United Breweries Limited 1580 1.57 320229 235325 66.3 Nifty Fmcg 52050.65 -0.02 422264
Hindustan Unilever Ltd 2546 -0.21 1359318 974201 66.03 Nifty Pharma 15241 0.94 52118837
Infosys Limited 1378.35 1.03 5712345 4284709 65.88 Nifty Realty 539.15 0.09 1467993220
Coalindia 233.75 1.61 6725977 9104714 65.27 Nifty Auto 15328.4 -0.33 51478639
Icici Prudential Life In 579 1.44 1143739 1234850 65.02 Nifty Metal 6622.9 0.31 119375151
Muthootfin 1349.1 1.06 321524 286018 64.92 Nifty Financial Services 19988.55 0.79 7016387

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: M3 Money Supply on 9th August, 2023

INR: Interest Rate Decision on 10th August, 2023

USD: EIA Short-Term Energy Outlook on 8th August, 2023

USD: Crude Oil Inventories on 9th August, 2023

News Updates

  • Benchmark indices ended higher on August 4 with Nifty above 19,500. At close, the Sensex was up 480.57 points or 0.74 percent at 65,721.25, and the Nifty was up 135.30 points or 0.70 percent at 19,517. About 2177 shares advanced, 1296 shares declined, and 139 shares unchanged.

  • Mahindra and Mahindra (M&M) reported a 98 percent year-on-year (YoY) rise in its standalone net profit at Rs 2,774 crore on August 4 for the June-April quarter of FY24 on the back of a rich product mix and upbeat growth in the SUV segment. Net profit for Q1FY23 stood at Rs 1,404 crore. The auto manufacturer’s standalone revenue from operations increased 23 percent to Rs 24,368 crore. Its revenue in the year-ago period was Rs 19,813 crore.

  • State Bank of India (SBI), India’s largest lender, on August 4 reported a 178 percent rise in net profit to Rs 16,884 crore for the April-June FY24 quarter from Rs 6,068 crore last year. According to a poll of three brokerages conducted by Moneycontrol, the public sector bank was expected to report a 147 percent jump in net profit to Rs 15,009 crore. The lender exceeded market expectations.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABHIFIN Quarterly Results 07-Aug-23 DYNAVSN A.G.M.;Quarterly Results 07-Aug-23
ADFFOODS Quarterly Results 07-Aug-23 EASEMYTRIP Preferential Issue of shares 07-Aug-23
ADROITINFO Quarterly Results 07-Aug-23 EIHAHOTELS Quarterly Results 07-Aug-23
ALKYLAMINE Quarterly Results 07-Aug-23 EMAMILTD Quarterly Results 07-Aug-23
AMARJOTHI General;Quarterly Results 07-Aug-23 EMAMIREAL Quarterly Results 07-Aug-23
ANDREWYU A.G.M. 07-Aug-23 ENTRINT Quarterly Results 07-Aug-23
ASIANENE Quarterly Results 07-Aug-23 ERIS Quarterly Results 07-Aug-23
ASTAR Quarterly Results 07-Aug-23 EUROLED Quarterly Results 07-Aug-23
BALMLAWRIE General;Quarterly Results 07-Aug-23 EVERTEX Quarterly Results 07-Aug-23
BANCOINDIA A.G.M.;Quarterly Results 07-Aug-23 FAIRCHEMOR Quarterly Results 07-Aug-23
BARBEQUE Quarterly Results 07-Aug-23 FOODSIN General;Quarterly Results 07-Aug-23
BAYERCROP Quarterly Results 07-Aug-23 GAYATRI General;A.G.M.;Quarterly Results 07-Aug-23
BAZELINTER Quarterly Results 07-Aug-23 GEECEE Quarterly Results 07-Aug-23
BGWTATO Quarterly Results 07-Aug-23 GHCL Quarterly Results 07-Aug-23
BLSINFOTE General;Quarterly Results 07-Aug-23 GHCLTEXTIL Quarterly Results 07-Aug-23
CAPPIPES Quarterly Results 07-Aug-23 GICHSGFIN General;A.G.M.;Quarterly Results 07-Aug-23
CAPPL A.G.M.;Final Dividend;Quarterly Results 07-Aug-23 GLAND Quarterly Results 07-Aug-23
COMPUPN General;Quarterly Results 07-Aug-23 GNFC Quarterly Results 07-Aug-23
CSLFINANCE Quarterly Results 07-Aug-23 GODREJCP Quarterly Results 07-Aug-23
DAL Quarterly Results 07-Aug-23 GOEL General 07-Aug-23
DEVHARI Quarterly Results 07-Aug-23 GOKEX Quarterly Results 07-Aug-23
DUGARHOU General;A.G.M. 07-Aug-23 GORANIN Quarterly Results 07-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GABRIEL 07-Aug-23 Final Dividend – Rs. – 1.6500 ZPPOLYSA 09-Aug-23 E.G.M.
KARURVYSYA 07-Aug-23 Dividend – Rs. – 2.0000  MANINFRA 10-Aug-23 Interim Dividend – Rs. – 0.3600
NATFIT 07-Aug-23 Dividend – Rs. – 1.5000 ADSL 10-Aug-23 Final Dividend – Rs. – 1.2500
NAVNETEDUL 07-Aug-23 Final Dividend – Rs. – 2.6000 ALKEM 10-Aug-23 Final Dividend – Rs. – 10.0000
PRISMMEDI 07-Aug-23 E.G.M. AVL 10-Aug-23 Final Dividend – Rs. – 7.5000
RITES 07-Aug-23 Interim Dividend – Rs. – 3.7500 GOACARBON 10-Aug-23 Dividend – Rs. – 17.5000
SAKSOFT 07-Aug-23 Final Dividend – Rs. – 0.3500 IRBINVIT 10-Aug-23 Income Distribution (InvIT)
SAYAJIHOTL 07-Aug-23 Spin Off JSWISPL 10-Aug-23 Amalgamation
STL 07-Aug-23 Final Dividend – Rs. – 0.2000 JUBLINGREA 10-Aug-23 Final Dividend – Rs. – 2.5000
ARCHITORG 08-Aug-23 Final Dividend – Rs. – 0.5000 JUBLPHARMA 10-Aug-23 Final Dividend – Rs. – 5.0000
CASTROLIND 08-Aug-23 Interim Dividend – Rs. – 3.0000 LINDEINDIA 10-Aug-23 Special Dividend – Rs. – 7.5000
POWERGRID 08-Aug-23 Final Dividend – Rs. – 4.7500 LINDEINDIA 10-Aug-23 Final Dividend – Rs. – 4.5000
RPEL 08-Aug-23 Bonus issue 1:1 LUMAXIND 10-Aug-23 Final Dividend – Rs. – 27.0000
SHALBY 08-Aug-23 Final Dividend – Rs. – 1.2000 LUMAXTECH 10-Aug-23 Final Dividend – Rs. – 4.5000
STLTECH 08-Aug-23 Final Dividend – Rs. – 1.0000 NITINCAST 10-Aug-23 Dividend – Rs. – 0.7500
TANAA 08-Aug-23 Interim Dividend – Rs. – 2.5000 POWERINDIA 10-Aug-23 Final Dividend – Rs. – 3.4000
WESTLIFE 08-Aug-23 Interim Dividend – Rs. – 3.4500 RAMAPHO 10-Aug-23 Final Dividend – Rs. – 1.0000
DAAWAT 09-Aug-23 Interim Dividend – Rs. – 0.5000 SUNSHIEL 10-Aug-23 Final Dividend – Rs. – 2.0000
ICICIBANK 09-Aug-23 Final Dividend – Rs. – 8.0000 THOMASCOOK 10-Aug-23 Dividend – Rs. – 0.4000
MSUMI 09-Aug-23 Final Dividend – Rs. – 0.6500 VAIBHAVGBL 10-Aug-23 Interim Dividend – Rs. – 1.5000
SMLT 09-Aug-23 Final Dividend – Rs. – 1.0000 ANUHPHR 11-Aug-23 Final Dividend – Rs. – 2.0000
WSTCSTPAPR 09-Aug-23 Final Dividend – Rs. – 10.0000 BALKRISIND 11-Aug-23 Interim Dividend

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