The NIFTY opened at 18046.35 with a gap up of 43 points. The index initially moved up but soon faced resistance and started drifting downwards. Prices recorded its intraday high at 18096.15 and saw a sharp decline for the next two hours of trading. Prices found strong intraday support around 17900. The index spent the whole afternoon and evening session moving sideways, recorded its intraday low at 17861.50, and finally closed at 17877.40 with a loss of 126.35 points or 0.70% down. AUTO outperformed today by closing 0.71% up followed by METAL which ended with a gain of 0.12%. IT, PHARMA underperformed today and closed with a loss of over 1%. We have support around 17700 while resistance is visible around 18100. We expect the market to remain in consolidation mode for the next few days until the US Fed rate action is over. The INDIA VIX, a benchmark index for volatility, moved up today but is still moving around 18 consistently suggesting volatility is normal. However, it may increase due to global factors. As of now, we should avoid trading the index for the time being or prefer taking trades on an intraday basis only.


The BANK NIFTY opened at 41533.70 with a gap up of 160 points. The index initially moved up for the first 10 minutes of trading and then started drifting downwards after recording its intraday high at 41840.15. Prices have seen a sharp decline for the next two hours and recorded its intraday low at 41153.50. Prices then spent the rest of the day moving sideways and finally closed at 41208.45 with a loss of 165 points. PVT BANKS have underperformed today saw a sharp intraday decline and closed lower by 0.62%. PSU BANKS have closed on a flat note today. Within the index, in terms of points, IDFC FlRST BANK contributed the highest on the upside while AXIS BANK contributed the lowest. It was again a trend day today but, on the downside, where prices have recorded its intraday high near the opening tick and intraday low near the closing tick. A gap up did not sustain and the index closed with a loss. The index today breaks and recorded lifetime new highs but failed to add more on the upside. Yesterday, we have mentioned that the lifetime high around 41829.30 is the only visible resistance for the index, and today prices hold this resistance. We now have the support of around 40000 and resistance of around 42000. We should now look for a buying opportunity as far as prices are trading above the mentioned support level.


DLF 411 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 413.9 with a stop loss of 408.55 and for the target of 422.
APOLLO HOSPITAL 4341.85 SELL The price made continuously lower highs and eventually formed a double top pattern now it breaks downside. So, it can be sold below 4341 with a stop loss of 4371 and a target of 4295.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DLF 410 CE BUY 15.05 CMP 12.50 20 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MRF.22.09 Sep 92879.45 7.73 29.22 69660 PVR.22.09 Sep 1850.9 -4.35 72.32 4119654
APOLLOTYRE.22.09 Sep 300.75 6.69 19.87 15078000 HINDALCO.22.09 Sep 425.15 -4.26 5.4 28928250
ADANIENT.22.09 Sep 3764 5.15 0.18 16385500 METROPOLIS.22.09 Sep 1414.2 -3.8 2.79 1083900
GRANULES.22.09 Sep 321 4.31 10.75 10512000 INTELLECT.22.09 Sep 582.45 -3.23 4.22 1869000
ASTRAL.22.09 Sep 2502.5 3.75 7.69 1455300 LAURUSLABS.22.09 Sep 533.4 -3.03 2.95 6008400
                                                                        Short Covering                                                                       Long Unwinding
DELTACORP.22.09 Sep 223 5.91 -1.69 17268400 INDUSINDBK.22.09 Sep 1198.05 -1.66 -2.69 21460500
INDIACEM.22.09 Sep 269.05 2.34 -1.74 14697200 IBULHSGFIN.22.09 Sep 137 -1.58 -2.23 34556000
PAGEIND.22.09 Sep 49334.3 1.59 -0.01 104280 SIEMENS.22.09 Sep 3070.15 -1.42 -0.92 1566400
NAVINFLUOR.22.09Sep 4825.9 1.07 -0.48 513000 CANBK.22.09 Sep 252.95 -1.42 -0.77 42195600
COALINDIA.22.09 Sep 234.75 0.77 -0.68 33717600 RBLBANK.22.09 Sep 131.9 -1.38 -4.21 59955000



Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Alkem 3190.75 -0.63 86809 0 74.3 Nifty50 17877.4 -0.7 86040
Hcl Technologies Ltd. 919.9 -1.3 2995215 0 72.21 Niftybank 41209.2 -0.47 86040
Mphasis Limited 2096.65 0.33 226664 0 68.15 Nifty it 27734.35 -1.43 86040
Hdfc Ltd. 2459.4 0.25 3028030 0 67.1 India Vix 18.39 0.6 86040
Dr. Reddys Lab Ltd 4169 -1.07 376273 0 67.09 Nifty Fmcg 44041.6 -0.32 86040
Hdfc Bank Ltd. 1520.7 -0.52 6769686 0 66.82 Nifty Pharma 12518.85 -1.29 86040
Hero Motocorp Limited 2790.3 -2.15 1010823 0 66.49 Nifty Realty 471.9 -0.91 86040
Rec Limited 106.4 1.19 4457007 0 65.79 Nifty Auto 13315.5 0.71 86040
Ntpc Limited 175.1 1.6 29483891 0 65.23 Nifty Metal 6263.9 0.12 86040
Crompton Greaves Consume 404.05 -0.17 2397176 0 65.07 Nifty Financial Services 18654.9 -0.48 86040


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 16th September, 2022

INR: RBI MPC Meeting Minutes on 28th September, 2022

 USD : Building Permits (Aug) on 20th September, 2022

USD : Fed Interest Rate Decision on 21st September, 2022


  • On Thursday, Sensex was down 412.96 points or 0.68 percent at 59,934. Nifty shed 126.40 points or 0.70 percent, ending at 17,877.40. About 1648 shares advanced, 1754 shares declined, and 113 shares were unchanged. Among sectors, Nifty IT was the top loser, pharma and realty sectors took a beating too, losing over a percent.

  • Shares of State Bank of India and ICICI Bank Ltd. continued their winning run, propelling the Nifty Bank Index to a fresh high. The index, constituted by 12 of the biggest listed Indian banks, gained 1% to 41,840.1 points in early trade on Thursday. This is the sixth consecutive day of its rally. Not just SBI and ICICI Bank, other constituents such as Bank of Baroda and Federal Bank have also extended their winning streaks. They are trading either near their 52-week highs or record highs.

  • Shares of Tamilnad Mercantile Bank Ltd. declined on listing after its initial public offering was subscribed 2.86 times. The stock of the hundred-year-old lender listed at Rs 510 apiece on the BSE, a discount of 2.85% to its IPO price of Rs 525 apiece. The shares fell as much as 3.2% over its IPO price to trade at Rs 508 as of 10:04 am.

  • Redington announced that it has entered into a strategic partnership with Google Cloud India. As a part of this collaboration, it will drive the distribution and adoption of Google Workspace and Google Cloud with SMBs, education and public sector, mid-market, and enterprise segments

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AMBUJACEM Right Issue of Equity Shares;Preferential Issue of shares 16-Sep-22 GBGLOBAL A.G.M.;General 19-Sep-22
FLOMIC General 16-Sep-22 HATSUN Right Issue of Equity Shares 19-Sep-22
LEHAR General 16-Sep-22 JYOTIRES General 19-Sep-22
MIRCH General 16-Sep-22 SYLPH General 19-Sep-22
MODCL General 16-Sep-22 TIL Audited Results 19-Sep-22
MTPL A.G.M.;General 16-Sep-22 ROSEMER Issue Of Warrants;Preferential Issue of shares 20-Sep-22
NINSYS General 16-Sep-22 ROSEMER Issue Of Warrants 21-Sep-22
QUANTBUILD General 16-Sep-22 SAGARSOFT Quarterly Results 21-Sep-22
RRMETAL General 16-Sep-22 ECOBOAR General 22-Sep-22
SRESTHA General 16-Sep-22 GUJTLRM Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 22-Sep-22
TAALENT Interim Dividend 16-Sep-22 CAMPUS Audited Results 23-Sep-22
UDAYJEW General 16-Sep-22 GOVAI General 26-Sep-22
COMSYN General 17-Sep-22 VALECHAENG Audited Results 27-Sep-22
KERNEX Preferential Issue of shares 17-Sep-22 INTETHR A.G.M. 30-Sep-22
MAFATIND General 17-Sep-22 NAYSAA A.G.M. 30-Sep-22
VIKRAMTH Scheme of Arrangement 17-Sep-22 SAGARSOFT Quarterly Results 30-Sep-22
VIRYA General 17-Sep-22 SCANPRO A.G.M. 30-Sep-22
ARFIN Stock  Split 19-Sep-22 HDFCBANK Quarterly Results 15-Oct-22
FEDDERELEC Quarterly Results;Audited Results 19-Sep-22 ABB Quarterly Results 11-Nov-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AARTIIND 16-Sep-22 Final Dividend Rs. 1.50 LASA 16-Sep-22 Final Dividend Rs. 0.25
AIMCOPEST 16-Sep-22 Final Dividend Rs. 2 LIKHITHA 16-Sep-22 Final Dividend Rs.1
ASHOKALC 16-Sep-22 Final Dividend Rs.0.50 MPILCORPL 16-Sep-22 Dividend Rs. 1.2
AURIONPRO 16-Sep-22 Dividend Rs.2.50 NATFIT 16-Sep-22 Dividend Rs. 1
BASML 16-Sep-22 Final Dividend Rs. 0.60 NGIND 16-Sep-22 Dividend Rs. 3.5
BDL 16-Sep-22 Final Dividend Rs.1 ORIENTABRA 16-Sep-22 Final Dividend Rs.0.15
CEEJAY 16-Sep-22 Final Dividend Rs. 1 PCCOSMA 16-Sep-22 Final Dividend Rs.1
CSLFINANCE 16-Sep-22 Final Dividend Rs. 2.50 POLYMED 16-Sep-22 Final Dividend Rs. 2.50
DHPIND 16-Sep-22 Final Dividend Rs. 4 PREMIERPOL 16-Sep-22 Dividend Rs. 0.5
GKP 16-Sep-22 Bonus issue 1:2 RCAN 16-Sep-22 Final Dividend Rs.0.25
GRSE 16-Sep-22 Final Dividend Rs.0.85 SANCTRN 16-Sep-22 Final Dividend Rs. 4.5
GUJINTRX 16-Sep-22 Final Dividend Rs. 3 SANTETX 16-Sep-22 Final Dividend – Rs. – 1
HONDAPOWER 16-Sep-22 Dividend Rs. 15 SHYAMMETL 16-Sep-22 Final Dividend Rs. 2.70
INCAP 16-Sep-22 Dividend Rs. 1 SUPRAJIT 16-Sep-22 Final Dividend Rs. 1.10
IWP 16-Sep-22 Final Dividend Rs. 0.05 TANFACIND 16-Sep-22 Final Dividend Rs.5.50
JAYBARMARU 16-Sep-22 Final Dividend Rs. 1.25 TEEAI 16-Sep-22 Dividend  Rs. 2.50
JBMA 16-Sep-22 Final Dividend Rs. 1 TREJHARA 16-Sep-22 Dividend Rs. 0.50
JLMORI 16-Sep-22 Dividend Rs. 1 TRISHAKT 16-Sep-22 Final Dividend Rs. 0.75
JOSTS 16-Sep-22 Dividend Rs. 3 VHL 16-Sep-22 Dividend – Rs. – 5
KDDL 16-Sep-22 Dividend Rs.3 VSSL 16-Sep-22 Final Dividend  Rs. 3.50

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