The NIFTY opened at 17923.35 with a gap up of 125 points. The index found resistance after the opening and drifted downwards after recording its intraday high at 17925.95. Soon, prices started moving up but failed to carry long enough and again moved down but this time with more pace. The index filled the gap and recorded its intraday low at 17786. A minor recovery came afterwards and the index consolidated towards the end of today’s trading session. Prices have finally closed at 17833.35 with a gain of 34.60 points or 0.19% up. IT outperformed today and led the bulls by closing over 2% gains followed by BANK and AUTO which ended 0.50% up. MEDIA and REALTY underperformed today and closed with a loss. The short-term trend is up and there is no doubt about it as the index broke decisively 17700 resistance and had been closing higher since then. However, the breakout came after a sharp rally from the recent swing low of around 17166. After two wide weeks, we may see some choppy and narrow price action in the next week. Psychological resistance is visible around 18000. Support should emerge around 17400 – 17500 zones. The INDIA VIX, a benchmark index for volatility, is now moving below 18 suggesting volatility is normal which favours the bulls. We should look for a buying opportunity on a dip or intraday consolidation breakout.


The BANK NIFTY opened at 40520.75 with a big gap up of 255 points. The index initially went down, found support quickly, and turned up. Prices have rallied and recorded its intraday high at 40685.95 and then again went down. This time the index saw a sharp dip, almost filled the gap, and recorded its intraday low at 40280.30. Prices have seen some recovery after ward and finally closed at 40388.60 with a gain of 150 points. PSU and PVT BANKS both indices have performed well today saw an intraday rally, and closed with a gain of 0.48% & 0.57% respectively. Within the index, in terms of points, SBIN contributed the highest on the upside while KOTAK BANK contributed the lowest. On a weekly timeframe chart, the index recorded back-to-back two wide bullish candles and is now heading toward its lifetime highs at 41829.60. After two weeks of the sharp rally, we may see some narrow and choppy price action for a few days. Support is visible around 39800 while resistance may emerge around 41000. The short-term trend is up. We should now look for a buying opportunity as far as prices are trading above the 39800 level.


MARUTI 8953 BUY The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 8891 and for the target of  9064.
LT 1949 SELL The immediate trend of the script is Bullish. There is a negative sign after a strong rally therefore it can be sold below 1943 with a stop loss of 1955 and a target of 1926.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
MARUTI 9000 CE BUY 229.20 CMP 183 322 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GSPL.22.09 Sep 255.4 6.26 38.01 4775000 RAIN.22.09 Sep 186.25 -7.89 1.41 11329500
ASTRAL.22.09 Sep 2567.2 5.05 27.84 1276825 PVR.22.09 Sep 1809.7 -4.62 21.41 3113143
GUJGASLTD.22.09 Sep 508.1 4.15 17.32 4622500 JKCEMENT.22.09 Sep 2853.65 -2.92 1.86 315000
LTTS.22.09 Sep 3769.25 3.9 9.85 965600 ACC.22.09 Sep 2377.85 -2.28 7.15 3747000
TECHM.22.09 Sep 1131.85 3.63 1.1 16482600 LALPATHLAB.22.09 Sep 2374.2 -1.88 5.33 1239250
                                                                        Short                                                                       Long Unwinding
PERSISTENT.22.09 Sep 3409.5 3.38 -3.22 690450 WHIRLPOOL.22.09 Sep 1757.55 -2.99 -10.27 651000
CONCOR.22.09 Sep 753.75 3.3 -8.87 6279000 SRTRANSFIN.22.09 Sep 1326.85 -2.97 -0.94 3665400
DIXON.22.09 Sep 4523.7 3.11 -7.7 552875 BALRAMCHIN.22.09 Sep 374.85 -2.5 -4.13 7428800
FSL.22.09 Sep 116.65 2.78 -0.26 18210400 TRENT.22.09 Sep 1384.2 -2.18 -1.99 4254300
ZEEL.22.09 Sep 261.8 2.63 -0.72 95655000 HINDPETRO.22.09 Sep 246.8 -2.14 -0.88 19839600


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 222.9 -0.67 6871521 4954554 75.44 Nifty50 17833.35 0.19 32349685
Britannia Ind Ltd. 3649.5 -0.63 134487 52758 73.4 Niftybank 40415.7 0.51 14277630
Voltas Ltd. 966.15 -0.96 1308759 758847 72.3 Nifty it 28724 2.21 1010674
Bajaj Auto Limited 3848.6 0.05 485613 308599 70.54 India Vix 17.72 -3.17 3.2E+08
Alkem 3198.65 0.9 95823 44827 69.12 Nifty Fmcg 43837.7 0.12 326631
Laurus Labs Limited 555.45 -1.02 874012 315497 68.23 Nifty Pharma 12689.3 -0.01 45443645
Larsen & Toubro Limited 1949.75 -1.25 980869 514777 67.57 Nifty Realty 470.05 -0.47 1.22E+09
Hcl Technologies Ltd. 948.5 1.87 2206526 1056499 66.46 Nifty Auto 13219.6 0.52 43690973
Trent Limited 1379.35 -1.97 594999 375972 66.24 Nifty Metal 6025.3 0.23 95557160
Upl Limited 742 0.61 2659280 992242 65.2 Nifty Financial Services 18383.95 -0.14 3859937


   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Aug) on 12th September, 2022

INR: WPI Inflation (YoY) (Aug) on 13th September, 2022

 USD : CPI (MoM) (Aug) on 13th September, 2022

USD : Federal Budget Balance (Aug) on 13th September, 2022


  • The Indian market saw yet another volatile session on September 9 but managed to end the day on a high on positive global cues. Concerns about higher inflation numbers, to be released on September 12, saw the market swing between losses and gains. At close, the Sensex was up 104.29 points, or 0.18 percent, at 59,793.14, while the Nifty ended 34.6 points, or 0.19 percent, highers at 17,833.35.

  • Tata Group is in talks with a Taiwanese supplier to Apple Inc. to establish an electronics manufacturing joint venture in India, seeking to assemble iPhones in the South Asian country. The discussions with Wistron Corp. are aimed at making Tata a force in technology manufacturing, and the Indian salt-to-software conglomerate wants to tap the Taiwanese company’s expertise in product development, supply chain and assembly, people with knowledge of the matter said.

  • According to the monthly data released by the Association of Mutual Funds in India (AMFI), equity funds saw 31% less inflows in August 2022, compared to the previous month.

  • Passenger vehicle wholesales in India grew 21 per cent in August, 2022. According to Society of Indian Automobile Manufacturers, SIAM, the Passenger vehicle (PV) sales were at 2,81,210 units this August, against 2,32,224 units in August 2021.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AMANITRA General;Preferential Issue of shares 10-Sep-22 FELDVR Audited Results 14-Sep-22
ARISINT General 10-Sep-22 GUJINJEC Issue Of Warrants 14-Sep-22
HILTON Rights Issue 10-Sep-22 KANSAINER Employees Stock Option Plan 14-Sep-22
JAYIND General 10-Sep-22 MDRNTHR-B Quarterly Results 14-Sep-22
KCDGROUP General 10-Sep-22 SABOOSOD Right Issue of Equity Shares 14-Sep-22
PATELSAI Preferential Issue of shares 10-Sep-22 UNITECH Quarterly Results 14-Sep-22
TTIL Issue Of Warrants 10-Sep-22 VERANDA Preferential Issue of shares 14-Sep-22
GAYATRI Preferential Issue of shares 12-Sep-22 PVVINFRA General 15-Sep-22
GOODLUCK Preferential Issue of shares 12-Sep-22 MIRCH General 16-Sep-22
PAISALO General 12-Sep-22 RRMETAL General 16-Sep-22
RKFORGE Issue Of Warrants 12-Sep-22 MAFATIND General 17-Sep-22
SAGARSOFT Quarterly Results 12-Sep-22 VIKRAMTH Scheme of Arrangement 17-Sep-22
AEGISLOG Interim Dividend 13-Sep-22 ARFIN Stock  Split 19-Sep-22
BAJAJHLDNG Interim Dividend 13-Sep-22 GUJTLRM Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 22-Sep-22
FEDDERELEC Audited Results;Quarterly Results 13-Sep-22 INTETHR A.G.M. 30-Sep-22
MAHSCOOTER Interim Dividend 13-Sep-22 NAYSAA A.G.M. 30-Sep-22
FEL Audited Results 14-Sep-22 SCANPRO A.G.M. 30-Sep-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ALEMBICLTD 12-Sep-22 Dividend Rs. 1.80 CMSINFO 13-Sep-22 Final Dividend Rs. 1
ANDHRAPET 12-Sep-22 Final Dividend Rs. 1.50 DJML 13-Sep-22 Final Dividend Rs. 0.10
COMPEAU 12-Sep-22 Final Dividend Rs. 1 DONEAR 13-Sep-22 Final Dividend Rs. 0.20
CORAGRO 12-Sep-22 Final Dividend Rs. 2.50 INDGELA 13-Sep-22 Dividend Rs. 2.5
DBCORP 12-Sep-22 Final Dividend Rs. 3 INTENTECH 13-Sep-22 Final Dividend Rs. 0.40
EMPIND 12-Sep-22 Final Dividend Rs. 25 MARIS 13-Sep-22 Final Dividend Rs. 1
GLENMARK 12-Sep-22 Final Dividend Rs. 2.50 PONDYOXIDE 13-Sep-22 Final Dividend Rs. 5
GNA 12-Sep-22 Dividend Rs. 5 PRINCEPIPE 13-Sep-22 Final Dividend Rs. 2
MITSU 12-Sep-22 Final Dividend Rs.0.20 QUICKHEAL 13-Sep-22 Buy Back of Shares
PHOENIXLTD 12-Sep-22 Final Dividend Rs. 2.40 RADHIKAJWE 13-Sep-22 Interim Dividend Rs.1
PRECAM 12-Sep-22 Final Dividend Rs. 1.10 RADIXIND 13-Sep-22 Final Dividend Rs. 1
SHARDA 12-Sep-22 Dividend Rs. 8.15 SHREYAS 13-Sep-22 Final Dividend Rs. 2.50
AGI 13-Sep-22 Dividend Rs. 5 STARPAPER 13-Sep-22 Final Dividend Rs. 3.5
BAJAJFINSV 13-Sep-22 Bonus issue 1:1 TIRUFOAM 13-Sep-22 Final Dividend Rs. 1
BAJAJFINSV 13-Sep-22 Split Rs.5/- to Rs.1/- TNPL 13-Sep-22 Final Dividend Rs. 4
BALPHARMA 13-Sep-22 Final Dividend Rs. 1 AMNPLST 14-Sep-22 Dividend Rs. 0.40
BLS 13-Sep-22 Final Dividend Rs.0.25 AMRUTANJAN 14-Sep-22 Final Dividend Rs. 2.60
CARERATING 13-Sep-22 Buy Back of Shares BGWTATO 14-Sep-22 Final Dividend Rs. 1
CARERATING 13-Sep-22 Final Dividend Rs. 10 DIAPOWER 14-Sep-22 Resolution Plan -Suspension
CENTURYPLY 13-Sep-22 Final Dividend Rs. 1.5 FOODSIN 14-Sep-22 Final Dividend Rs. 0.25

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