The NIFTY opened at 17890.85 with a gap up of 57 points. The index initially moved sideways, recorded its intraday low at 17889.15, and then started moving higher. A sharp rally brought prices above 17950 but found strong resistance there and went into a tight, narrow range. The range lasted for the rest of the day. Prices have recorded their intraday high at 17980.55 and finally closed at 17936.35 near its day highs with a gain of 103 points or 0.58% up. All the sectoral indices have participated in today’s up move and closed higher. REALTY outperformed by closing 2.20% higher followed by IT and MEDIA which ended with over 1% gains. The NIFTY has been closing higher for the past three trading days. Hence the short-term trend is up and there is no doubt about it. Moreover, for this week, our view was choppy and narrow. Today prices have almost moved similarly. Psychological resistance is visible around 18000. Prices have almost reached there today but failed to cross above. 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 should favour the bulls. We should look for a buying opportunity on a dip or intraday consolidation breakout.


The BANK NIFTY opened at 40540.45 with a gap up of 152 points. The index initially went down, filled the gap, recorded its intraday low at 40377.90, and then turned up. Prices have rallied sharply and then again went into a process of consolidation. The index recorded its intraday high at 40684.90 and finally closed at 40561.50with a gain of 173 points. PSU and PVT BANKS both indices have performed well today saw an intraday rally and closed with a gain of 122% & 0.36% respectively. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while HDFC BANK contributed the lowest. BANK NIFTY started the week with a positive bias but moved very narrow and choppy during the day. A gap-up opening did not sustain but prices have managed to close with some gains. The index recorded back-to-back narrow range days and closed higher for the past three trading days. For the current week, our view was narrow and choppy price action. 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.


HINDALCO 431.15 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 429.35 and for the target of 439.
ASIAN PAINT 3433 SELL The immediate trend of the script is Bullish. There is a negative sign after a strong rally therefore it can be sold below 3420 with a stop loss of 3461 and a target of 3357.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DLF 410 CE BUY 16.10 CMP 12.80 23.20 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HAL.22.09 Sep 2631 7.46 15.55 4119200 IBULHSGFIN.22.09 Sep 135.05 -3.54 14.27 46372000
DEEPAKNTR.22.09 Sep 2194 7.02 5.4 2085250 COALINDIA.22.09 Sep 231.5 -2.77 30.2 40618200
NAVINFLUOR.22.09Sep 4685 6.65 15.91 616500 LAURUSLABS.22.09 Sep 549 -1.46 4.79 5806800
ACC.22.09 Sep 2522.05 6.06 12.78 4225750 BANDHANBNK.22.09 Sep 290.4 -1.27 5.96 30375000
TATACHEM.22.09 Sep 1170.2 4.55 8.58 8075000 TORNTPHARM.22.09 Sep 1514 -0.86 2.99 1548500
                                                                        Short Covering                                                                       Long Unwinding
AMBUJACEM.22.09Sep 479.5 5.15 -1.53 75297600 GRANULES.22.09 Sep 308.55 -0.68 -0.14 9646000
PVR.22.09 Sep 1899 4.93 -0.95 3083432 SYNGENE.22.09 Sep 570.2 -0.44 -3.64 4048000
GNFC.22.09 Sep 774.2 4.05 -2.86 6171100 JSWSTEEL.22.09 Sep 687.45 -0.19 -2.31 30726000
CHAMBLFERT.22.09Sep 364.7 3.49 -0.05 6534000
RAMCOCEM.22.09 Sep 799.5 3.17 -0.09 3990750


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Abbott India Limited 18139.95 -0.75 15525 0 76.92 Nifty50 17936.35 0.58 98703
Hdfc Ltd. 2458 1.09 3178149 0 73.69 Niftybank 40574 0.39 98703
Power Grid Corporation o 223.95 0.47 6584005 0 72.1 Nifty it 29131.2 1.42 98703
Kotak Mahindra Bank Limi 1944.95 0.97 1482952 0 68.65 India Vix 17.94 1.23 98703
Whirlpool 1752.55 -0.1 388792 0 67.77 Nifty Fmcg 43921.85 0.19 98703
Hdfc Bank Ltd. 1493.55 -0.34 5538133 0 66.89 Nifty Pharma 12715.25 0.2 98703
Hero Motocorp Limited 2857.9 0.69 313802 0 65.34 Nifty Realty 480.4 2.2 98703
Bajaj Auto Limited 3973.85 3.25 369238 0 63.55 Nifty Auto 13256.1 0.28 98694
Trent Limited 1400.3 1.52 732989 0 63.19 Nifty Metal 6080.95 0.92 98694
Max Financial Services l 786.95 -1.18 603961 0 61.84 Nifty Financial Services 18437.6 0.29 98694


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

INR: Trade Balance on 15th September, 2022

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

USD : PPI (MoM) (Aug) on 14th September, 2022


  • On Monday, Sensex ended the day 312.26 points higher or 0.52% at 60,105.40. Nifty added 97.50 points or 0.55 percent to close at 17,930.80. About 2013 shares advanced, 1326 shares declined, and 143 shares remained unchanged. Among sectors, Nifty IT led the market rally. Tech Mahindra, Infosys and Wipro surged between 1.5-3%, and were among the top gainers on the BSE. Nifty Realty Index added 2%, led by Oberoi Realty, Godrej Properties, DLF and Brigade Enterprises.

  • Non-bank lenders’ asset growth will jump to a four-year high of 11-12% this fiscal, a ratings agency said on Monday. The non-bank finance companies (NBFCs) segment has witnessed three consecutive years of constrained asset growth due to the COVID-19 pandemic, with the growth coming at 5 per cent in FY22, Crisil Ratings said.

  • Air India Ltd. will add 30 new aircraft from December this year to boost its domestic and international services. The airline, owned by Tata Sons Pvt. Ltd., has signed leases and letters of intent for inducting five wide-body Boeing aircraft and 25 narrow-body Airbus planes over 15 months. “These new aircraft, which will enter service from late 2022, will increase the airline’s fleet by over 25%.

  • The National Health Accounts report for the year 2018-19, released by the Centre on September 12, has shown that the total health expenditure as percentage of the gross domestic product declined from 4.2 to 3.2 since 2004-05. The same report, however, also showed that the out-of-pocket expenditure during the same period came down from 69.4 to 48.2% of the total health expenditure.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AEGISLOG Interim Dividend 13-Sep-22 VERANDA Preferential Issue of shares 14-Sep-22
BAJAJHLDNG Interim Dividend 13-Sep-22 VISHWARAJ General 14-Sep-22
FEDDERELEC Audited Results;Quarterly Results 13-Sep-22 PVVINFRA General 15-Sep-22
JTLINFRA General 13-Sep-22 VANICOM Preferential Issue of shares 15-Sep-22
MAHSCOOTER Interim Dividend 13-Sep-22 MIRCH General 16-Sep-22
SALSTEEL General 13-Sep-22 NINSYS General 16-Sep-22
FEL Audited Results 14-Sep-22 RRMETAL General 16-Sep-22
FELDVR Audited Results 14-Sep-22 MAFATIND General 17-Sep-22
GUJINJEC Issue Of Warrants 14-Sep-22 VIKRAMTH Scheme of Arrangement 17-Sep-22
KANSAINER Employees Stock Option Plan 14-Sep-22 ARFIN Stock  Split 19-Sep-22
MDRNTHR-B Quarterly Results 14-Sep-22 GUJTLRM Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 22-Sep-22
SABOOSOD Right Issue of Equity Shares 14-Sep-22 INTETHR A.G.M. 30-Sep-22
TATASTEEL General 14-Sep-22 NAYSAA A.G.M. 30-Sep-22
UNITECH Quarterly Results 14-Sep-22 SCANPRO A.G.M. 30-Sep-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AGI 13-Sep-22 Dividend Rs. 5 SHREYAS 13-Sep-22 Final Dividend Rs. 2.50
BAJAJFINSV 13-Sep-22 Bonus issue 1:1 STARPAPER 13-Sep-22 Final Dividend Rs. 3.5
BAJAJFINSV 13-Sep-22 Split Rs.5/- to Rs.1/- TIRUFOAM 13-Sep-22 Final Dividend Rs. 1
BALPHARMA 13-Sep-22 Final Dividend Rs. 1 TNPL 13-Sep-22 Final Dividend Rs. 4
BLS 13-Sep-22 Final Dividend Rs.0.25 AMNPLST 14-Sep-22 Dividend Rs. 0.40
CARERATING 13-Sep-22 Buy Back of Shares AMRUTANJAN 14-Sep-22 Final Dividend Rs. 2.60
CARERATING 13-Sep-22 Final Dividend Rs. 10 BGWTATO 14-Sep-22 Final Dividend Rs. 1
CENTURYPLY 13-Sep-22 Final Dividend Rs. 1.5 DIAPOWER 14-Sep-22 Resolution Plan -Suspension
CMSINFO 13-Sep-22 Final Dividend Rs. 1 FOODSIN 14-Sep-22 Final Dividend Rs. 0.25
DJML 13-Sep-22 Final Dividend Rs. 0.10 GIPCL 14-Sep-22 Dividend Rs. 2.50
DONEAR 13-Sep-22 Final Dividend Rs. 0.20 GRAUWEIL 14-Sep-22 Final Dividend Rs. 0.65
INDGELA 13-Sep-22 Dividend Rs. 2.5 GUJCRAFT 14-Sep-22 Final Dividend Rs. 1
INTENTECH 13-Sep-22 Final Dividend Rs. 0.40 HIKAL 14-Sep-22 Final Dividend Rs. 0.40
MARIS 13-Sep-22 Final Dividend Rs. 1 INDOCO 14-Sep-22 Final Dividend Rs. 1.50
PONDYOXIDE 13-Sep-22 Final Dividend Rs. 5 INDOCO 14-Sep-22 Special Dividend Rs. 0.75
PPL 13-Sep-22 Final Dividend Rs. 1.20 INTLCOMBQ 14-Sep-22 Final Dividend Rs. 2
PRINCEPIPE 13-Sep-22 Final Dividend Rs. 2 ITDCEM 14-Sep-22 Dividend Rs. 0.45
QUICKHEAL 13-Sep-22 Buy Back of Shares KABRAEXTRU 14-Sep-22 Final Dividend Rs.3
RADHIKAJWE 13-Sep-22 Interim Dividend Rs.1 KILPEST 14-Sep-22 Final Dividend Rs. 2.50
RADIXIND 13-Sep-22 Final Dividend Rs. 1 LOYALTEX 14-Sep-22 Dividend Rs. 10

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