The NIFTY opened at 17704.80 with a gap up of 80 points. The index initially moved lower but then quickly turned around and saw a sharp intraday rally toward 17800. Prices found resistance before reaching there and saw a sharp intraday fall after recording its intraday high at 17748.75. The index recorded its Intraday low at 17655.15. The NIFTY found support there and started rising that lasted till the end. The index finally closed at 17722.30 near the opening price with a gain of 98.25 points or 0.56% up. The METAL, BANK, and FINANCIAL outperformed today and closed with a gain of over 1% followed by AUTO and OIL GAS. IT underperformed and ended with a loss of over 1% followed by REALTY. The short-term trend is up. Support is visible around 17200 and resistance is visible around 17800. The index is now trading near to the resistance level. We should look only for the buying.


The BANK NIFTY opened at 41232 with a big gap up of 436 points. The index initially moved lower sharply for the first 5 minutes of trading and then started moving up after recording its intraday low at 40990.20. Prices then saw a steady up move throughout the day, recorded its intraday high at 41403.25, and finally closed at 41385.05 with a gain of 589 points. PSU and PVT BANK both indices have performed almost the same today, saw a sharp intraday rally, and dosed higher with a gain of 1.61% & 1.15% respectively. Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while IDFC FIRST BANK contributed the lowest. The short-term trend is up and the index resumed moving higher after one day of dip. The last three days of narrow price action broke on the upside. We should look for buying only on any dip or intraday consolidation breakout.


ICICI BANK 881.90 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 884.50 with a stop loss of 876 and a target of 902.
ABB 3277.45 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 3267 with a stop loss of 3293 and a target of 3214.


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
NAVINFLUOR.23.04 Apr 4488 4.76 14.54 447750 MCX.23.04 Apr 1463.75 -3.83 0.6 869200
KOTAKBANK.23.04 Apr 1847.35 4.75 0.85 38856800 BERGEPAINT.23.04 Apr 570.5 -3.56 12.15 8882500
JSWSTEEL.23.04 Apr 715.55 3.37 0.76 22231800 ABB.23.04 Apr 3294.95 -3.38 11.23 1673500
EICHERMOT.23.04 Apr 3064.5 2.89 1.35 3311875 DELTACORP.23.04 Apr 189.65 -3.04 23.45 19350800
IEX.23.04 Apr 157.15 2.81 7.15 42292500 CROMPTON.23.04 Apr 293.55 -2.26 8.64 4848000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NMDC.23.04 Apr 113.85 2.34 -1.3 49189500 ABCAPITAL.23.04 Apr 158.1 -1.28 -0.48 29921400
INDIAMART.23.04 Apr 5144.95 1.76 -0.05 288300 TORNTPHARM.23.04 Apr 1565.4 -1.04 -1.4 1799000
VEDL.23.04 Apr 273.05 1.05 -2.59 36998000 SIEMENS.23.04 Apr 3362 -0.94 -1.82 1673650
SBIN.23.04 Apr 533.4 1.03 -0.86 77400000 CANFINHOME.23.04 Apr 578.5 -0.84 -0.13 3888300
ZEEL.23.04 Apr 214.7 1.01 -0.05 73086000 GMRINFRA.23.04 Apr 43.6 -0.68 -0.55 141367500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Alkem 3331.55 -1.22 174521 200951 81.58 Nifty50 17722.3 0.56 94578
Srf Ltd. 2398.6 0.37 1001619 310690 74.52 Niftybank 41366.5 1.3 94578
Bosch Limited 18604.75 0.33 51741 32116 69.47 Nifty it 28675.75 -1.26 94578
Abbott India Limited 22778.85 -0.23 15509 12790 67.35 India Vix 11.98 -2.36 94578
City Union Bank Ltd. 124.9 -0.6 2896782 2033936 67.27 Nifty Fmcg 46269.7 0.78 94578
Dabur India Ltd. 521.85 -0.26 3509174 1078325 66.61 Nifty Pharma 12300 0.01 94578
Hindustan Unilever Ltd 2547.75 0.62 913184 564907 66.2 Nifty Realty 420.15 -0.28 94578
Sbi Cards And Payment Se 737.7 -0.24 438493 601234 65.72 Nifty Auto 12742.05 0.99 94578
Pidilite Industries Ltd 2346.15 -0.41 280704 180603 65.14 Nifty Metal 5668.25 1.76 94578
Ultratech Cement Limited 7741.45 0.59 354799 147630 65.04 Nifty Financial Services 18588.55 1.08 94581


   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Mar)  on 12th April, 2023

INR: Industrial Production (YoY) (Feb) on 12th April, 2023

 USD: CPI (YoY) (Mar) on 12th April, 2023

USD: FOMC Meeting Minutes on 12th April, 2023


  • Benchmark indices ended higher on April 11 with Nifty above 17,700 supported by buying across the sectors barring information technology. At close, the Sensex was up 311.21 points or 0.52 percentat 60,157.72, and the Nifty was up 98.30 points or 0.56percentat 17,722.30. About 2,183 shares advanced, 1,260 shares declined, and 109 shares were unchanged.

  • Adani Electricity Mumbai has topped the list of India’s 71 power distribution companies. The list is based on parameters such as overall governance, financial sustainability, performance excellence, and external environment, the company said in a statement on April 11.

  • Foreign investors’ holding in Kotak Mahindra Bank has dropped to 41.22 percent in the March 2023 quarter, lower by 1.47 percentage points from December. This could result in a wider foreign headroom opening up and the stock gaining weightage in the MSCI index, according to Nuvama Alternative Research.

  • The Reserve Bank of India’s (RBI) rate-setting panel, the Monetary Policy Committee (MPC), is unlikely to make a pivot on rate cuts in the current financial year as the focus remains on curbing inflation that has been above target for over three years now, according to Radhika Rao, ED and Senior SE , DBS Group Research.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ANANDRATHI Audited Results;Final Dividend 12-Apr-23 NVENTURES Issue Of Warrants;General 13-Apr-23
DHARSUGAR Quarterly Results 12-Apr-23 PRIMESECU General 13-Apr-23
MARSONS Preferential Issue of shares 12-Apr-23 REXNORD General;Preferential Issue of shares 13-Apr-23
MOLDTEK Interim Dividend;General 12-Apr-23 ROSELABS Audited Results 13-Apr-23
MOLDTKPAC Interim Dividend;General 12-Apr-23 SIZEMASTER General 13-Apr-23
NATIONSTD Quarterly Results 12-Apr-23 THIRDFIN Audited Results 13-Apr-23
NESTLEIND Interim Dividend 12-Apr-23 UNITDCR General 13-Apr-23
RKDAGRRTL General 12-Apr-23 VEDL General 13-Apr-23
SEL Audited Results 12-Apr-23 VIRPOLY General 13-Apr-23
STDSFAC General 12-Apr-23 ABVL General 14-Apr-23
SUDIN Preferential Issue of shares 12-Apr-23 BHEEMACEM Audited Results 14-Apr-23
TCS Audited Results;Final Dividend 12-Apr-23 DEN Audited Results 14-Apr-23
VENLONENT General 12-Apr-23 GALACTICO Quarterly Results 14-Apr-23
VSSL Bonus issue 12-Apr-23 HATHWAYB Audited Results 14-Apr-23
ALFAVIO General 13-Apr-23 INFOMEDIA Audited Results 14-Apr-23
AMALGAM A.G.M.;Audited Results;Increase in Authorised Capital;Preferential Issue of shares 13-Apr-23 METALFORGE Quarterly Results 14-Apr-23
AVANTEL Audited Results;Final Dividend 13-Apr-23 MTPL Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 14-Apr-23
BRANDBUCKT General 13-Apr-23 SUPRATRE Audited Results 14-Apr-23
INFY Audited Results;Final Dividend 13-Apr-23 TATAMETALI Audited Results;Final Dividend 14-Apr-23
MANRAJH General 13-Apr-23 TINPLATE Dividend;Quarterly Results 14-Apr-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
EMAMILTD 12-Apr-23 Buy Back of Shares GLOBALCA 20-Apr-23 Stock  Split From Rs.10/- to Rs.1/-
ESARIND 12-Apr-23 E.G.M. HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000
INFRATRUST 12-Apr-23 Income Distribution (InvIT) THYROCARE 20-Apr-23 Interim Dividend – Rs. – 18.0000
VBL 12-Apr-23 Final Dividend – Rs. – 1.0000 EIDPARRY 21-Apr-23 Interim Dividend – Rs. – 4.0000
VISAKAIND 12-Apr-23 Interim Dividend – Rs. – 7.0000 GSCLCEMENT 21-Apr-23 Amalgamation
BRITANNIA 13-Apr-23 Interim Dividend – Rs. – 72.0000 JETINFRA 21-Apr-23 Bonus issue 1:1
COMFINTE 13-Apr-23 Stock  Split From Rs.10/- to Rs.1/- KAARYAFSL 21-Apr-23 E.G.M.
EDELWEISS 13-Apr-23 Interim Dividend – Rs. – 0.2500 MOLDTEK 21-Apr-23 Interim Dividend
GOODLUCK 13-Apr-23 Interim Dividend – Rs. – 2.0000 MOLDTKPAC 21-Apr-23 Interim Dividend
IZMO 13-Apr-23 E.G.M. NESTLEIND 21-Apr-23 Interim Dividend
MUFIN 13-Apr-23 Stock  Split From Rs.2/- to Rs.1/- NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000
RUSHIL 13-Apr-23 Right Issue of Equity Shares PRERINFRA 21-Apr-23 Right Issue of Equity Shares
SDBL 13-Apr-23 Right Issue of Equity Shares TIPSINDLTD 21-Apr-23 Stock  Split From Rs.10/- to Rs.1/-
FLOMIC 17-Apr-23 E.G.M. ACHYUT 25-Apr-23 Bonus issue 1:2
ALLCARGO 18-Apr-23 Spin Off VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
DHAMPURSUG 18-Apr-23 Interim Dividend – Rs. – 5.0000 ABB 27-Apr-23 Dividend – Rs. – 5.5000
DHAMPURSUG 18-Apr-23 Special Dividend – Rs. – 1.0000 HCLTECH 28-Apr-23 Interim Dividend
MUTHOOTFIN 18-Apr-23 Interim Dividend – Rs. – 22.0000 JOSTS 28-Apr-23 Stock  Split From Rs.5/- to Rs.2/-
CORNE 20-Apr-23 E.G.M. KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
DREDGECORP 20-Apr-23 E.G.M. RAJOOENG 28-Apr-23 E.G.M.
FISCHER 20-Apr-23 E.G.M. SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
GLOBALCA 20-Apr-23 Bonus issue 6:10 SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000

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