The NIFTY opened at 19383.95 with a gap down of 45 points. The index initially moved lower but soon found support and bounced up sharply. Prices have recorded its intraday low at 19257.90, saw a sharp intraday rally of almost 200 points, and crossed above 19450 to record its intraday high at 19465.85.The index again moved down in the last 30 minutes of trading and finally closed at 19434.55 near the previous day’s closing price with a loss of just 6.25 points or 0.03% down.IT and MEDIA outperformed today and closed with a gain of over half percent followed by FMCG. METAL underperformed and ended with a loss of more than 2% followed by REALTY. The short-term trend is sideways as the index has been moving range bound for the past few trading days. We have been tracking support around 19300 and resistance around 19700.The index crossed below 19300 support but in the end, came above. It is possible that this support should hold.


The BANK NIFTY opened at 44066.60 with a gap down of 196 points. The index continued moving lower and saw a sharp decline for the first 20 minutes of trading. Prices then found support and started moving higher after recording its intraday low at 43776.90. A rally almost recovered all the losses and the index recorded its intraday high at 44212.75. Prices have again moved down for the last 30 minutes of trading and finally closed at 44061.75 with a loss of 201 points. PSU BANK has underperformed today, saw a sharp downside move, and ended with a loss of 0.71%. PVT BANK has also moved down but closed with a loss of just 0.05%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while SBIN contributed the lowest. The short-term trend is sideways. We have been tracking support around 44000 and resistance around 45100. There is a strong support zone within 43500-44000 as prices have spent almost 2 months May & June 2023 around that zone. It is possible that this support zone should hold.


TCS 3449.85 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 3449.85 with a stop loss of 3434.95 and a target of 3490.
JINDAL STEEL 662.25 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 659.95 with a stop loss of  669.30 and a target of 641.25.


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
NMDC.23.08 Aug 119.05 4.16 4.61 83817000 MUTHOOTFIN.23.08 Aug 1264.9 -6.05 25.58 5745300
HAL.23.08 Aug 3882.25 2.26 3.15 4452900 CUB.23.08 Aug 121.75 -5.8 4.94 35815000
POLYCAB.23.08 Aug 4766.5 1.88 4.16 1864200 SAIL.23.08 Aug 87.35 -4.64 6.45 116856000
GODREJPROP.23.08 Aug 1552.05 1.77 0.23 3726850 NATIONALUM.23.08 Aug 90.45 -4.29 0.64 54172500
CROMPTON.23.08 Aug 301.05 1.72 0.5 12029400 AMBUJACEM.23.08 Aug 442.95 -3.5 0.74 63356400
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PVRINOX.23.08 Aug 1720.55 4.45 -1.79 3325190 JINDALSTEL.23.08 Aug 662.4 -5.25 -0.22 27452500
TRENT.23.08 Aug 1931.95 2.19 -1.97 3860800 CHAMBLFERT.23.08 Aug 252.35 -4.12 -3.59 12864900
GODREJCP.23.08 Aug 1038.8 1.57 -2.05 8155000 DALBHARAT.23.08 Aug 1914.9 -4.1 -1.53 1704000
AARTIIND.23.08 Aug 465.95 1.49 -1.47 10538000 IBULHSGFIN.23.08 Aug 157.4 -4.02 -2.26 52504500
LTIM.23.08 Aug 5200.85 1.29 -3.83 1560600 ABB.23.08 Aug 4361.05 -3.9 -5.97 1709500

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Britannia Ind Ltd. 4499.6 -0.24 557851 896961 80.6 Nifty50 19434.55 0.03 34792802
Gujgasltd 456.7 -0.73 1074147 1187742 77.47 Niftybank 44090.95 -0.24 15323808
Marico Limited 568.1 -1.53 569222 1460958 75.52 Nifty it 31028.9 0.68 745390
Bharti Airtel Limited 867.05 -0.4 2665905 2047251 72.79 India Vix 12 4.17 560226878
Power Grid Corporation o 244.5 0.08 6891365 12867386 71.89 Nifty Fmcg 51604.4 0.49 320236
Hindustan Unilever Ltd 2533.1 1.25 1060479 1056851 71.79 Nifty Pharma 15305.4 -0.33 44093179
Godrej Cons Products Ltd 1035.55 1.51 1164097 465440 70.48 Nifty Realty 527.65 -0.66 1277578265
Ultratech Cement Limited 8054.3 -0.97 544313 205857 70.24 Nifty Auto 15327.45 -0.33 44042512
Larsen & Toubro Limited 2659.9 0.81 1364413 908209 68.8 Nifty Metal 6545.95 -2.14 102490312
Ipca Laboratories Ltd. 884.45 -2.49 2052925 983009 67.4 Nifty Financial Services 19652.5 -0.34 5118335

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 18th Aug, 2023

INR: GDP Quarterly (YoY) (Q1) on 31st Aug, 2023

USD: Building Permits (Jul) on 16th Aug, 2023

USD: Initial Jobless Claims on 17th Aug, 2023

News Updates

  • Benchmark indices ended flat in the volatile session on August 14. At close, the Sensex was up 79.27 points or 0.12 percent at 65,401.92, and the Nifty was up 6.20 points or 0.03 percent at 19,434.50. About 1509 shares advanced, 2101 shares declined, and 165 shares unchanged.

  • India’s retail inflation spiked in July, once again exceeding the central bank’s target range, largely led by food prices. The Consumer Price Index-based inflation stood at 7.44% in July compared with 4.87% in June. That’s the highest reading since 7.79% in April 2022.

  • The promoters of InterGlobe Aviation Ltd., Rakesh Gangwal and Shobha Gangwal, will sell up to 1.56 crore shares worth $450 million, or Rs 3,744 crore, through a block deal on Wednesday, Aug. 16. The promoter family of India’s largest airline IndiGo will offer the shares at a floor price of Rs 2,400 each, a 5.8% discount to Friday’s closing price, according to the term sheet seen by BQ Prime.

  • Infosys Ltd. extended its partnership with Liberty Global Plc. on Tuesday with a fresh €1.5-billion (about Rs 13,672 crore) five-year agreement to scale up and enhance the British-Dutch telecom and broadband company’s digital entertainment and connectivity platforms.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BCCL A.G.M. 16-Aug-23 MIDEASTP A.G.M. 17-Aug-23
BFFL General 16-Aug-23 REPRO Preferential Issue of shares 17-Aug-23
BRAHMINFRA Preferential Issue of shares 16-Aug-23 SPANDANA General 17-Aug-23
COSBOARD Quarterly Results 16-Aug-23 YATHARTH Quarterly Results 17-Aug-23
GEL A.G.M.;Audited Results;General 16-Aug-23 ZEAL A.G.M.;General 17-Aug-23
GROWINGTON A.G.M. 16-Aug-23 BETALA A.G.M. 18-Aug-23
NIKSTECH General 16-Aug-23 ISLCONSUL A.G.M.;General 18-Aug-23
STEP2COR A.G.M.;General 16-Aug-23 JUBLINGREA General 18-Aug-23
SUNILTX A.G.M.;General 16-Aug-23 KEIL General 18-Aug-23
UDAYJEW General 16-Aug-23 KENVI General 18-Aug-23
AHASOLAR A.G.M.;General 17-Aug-23 MACINTR Increase in Authorised Capital;A.G.M.;Preferential Issue of shares 18-Aug-23
BHATIA General 17-Aug-23 PIONEEREMB Issue Of Warrants 18-Aug-23
GMDCLTD Dividend 17-Aug-23 RAWEDGE Employees Stock Option Plan;Increase in Authorised Capital;A.G.M.;General 18-Aug-23
JISLDVREQS General 17-Aug-23 REGENCY Preferential Issue of shares 18-Aug-23
JISLJALEQS General 17-Aug-23 SCARNOSE A.G.M.;General 18-Aug-23
LAXMIPATI A.G.M.;General 17-Aug-23 SUDARSHAN General 18-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ACE 17-Aug-23 Final Dividend – Rs. – 1.0000 YSL 17-Aug-23 Final Dividend – Rs. – 325.0000
BEL 17-Aug-23 Final Dividend – Rs. – 0.6000 AKCAPIT 18-Aug-23 Final Dividend – Rs. – 6.0000
BENARAS 17-Aug-23 Final Dividend – Rs. – 20.0000 APOLLOHOSP 18-Aug-23 Final Dividend – Rs. – 9.0000
HERANBA 17-Aug-23 Final Dividend – Rs. – 1.2500 AVTNPL 18-Aug-23 Final Dividend – Rs. – 0.6000
IGPL 17-Aug-23 Final Dividend – Rs. – 10.0000 COALINDIA 18-Aug-23 Final Dividend – Rs. – 4.0000
INDPRUD 17-Aug-23 Final Dividend – Rs. – 60.0000 CONCOR 18-Aug-23 Interim Dividend – Rs. – 2.0000
IPL 17-Aug-23 Final Dividend – Rs. – 0.7500 CONTROLPR 18-Aug-23 Buy Back of Shares
IVC 17-Aug-23 Final Dividend – Rs. – 0.8000 CREST 18-Aug-23 Dividend – Rs. – 1.0000
J&KBANK 17-Aug-23 Final Dividend – Rs. – 0.5000 DLINKINDIA 18-Aug-23 Final Dividend – Rs. – 5.0000
JBCHEPHARM 17-Aug-23 Final Dividend – Rs. – 9.2500 DLINKINDIA 18-Aug-23 Special Dividend – Rs. – 5.0000
MANYAVAR 17-Aug-23 Final Dividend – Rs. – 9.0000 EFCIL 18-Aug-23 Stock  Split From Rs.10/- to Rs.2/-
NEAGI 17-Aug-23 Dividend – Rs. – 30.0000 ELIXIR 18-Aug-23 Final Dividend – Rs. – 1.2500
RELAXO 17-Aug-23 Final Dividend – Rs. – 2.5000 GPIL 18-Aug-23 Final Dividend – Rs. – 4.0000
SHILCTECH 17-Aug-23 Final Dividend – Rs. – 10.0000 GREENPLY 18-Aug-23 Dividend – Rs. – 0.5000
SOUTHBANK 17-Aug-23 Final Dividend – Rs. – 0.3000 GREENPOWER 18-Aug-23 Right Issue of Equity Shares
VGUARD 17-Aug-23 Final Dividend – Rs. – 1.3000 IFGLEXPOR 18-Aug-23 Final Dividend – Rs. – 7.0000

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