The NIFTY opened at 17414.95 with a gap-up of 102 points. The index continued its bullish momentum and started moving higher after recording its intraday low at 17401.50. Prices have kept on moving higher and boosted the pace in the afternoon. The index rallied more than 300 points, crossed above 17700, and recorded its intraday high at 17777.65. The index finally closed at 17759.30 near its day’s highs with a gain of 446.40 points or 2.58% up. All the sectoral indices have closed higher. BANK, FINANCIAL, and REALTY led the bulls today by gaining over 3% followed by OILGA5, FMCG, AUTO, and IT which gained over 2%. The NIFTY made a remarkable recovery and gained over 2.50% amid mixed global cues. After the gap-up start, the index moved from strength to strength till the end and settled around the day’s high. We have mentioned a support level of around 17400 and a resistance level of around 18000. The index came back within this range after one day of a down move. The prices may likely form a broad trading range within the mentioned level. As of now, we should wait for an adequate setup to emerge again. We will plan our trades accordingly.


Today, the BANK NIFTY opened at 38516.95 with a gap-up of 170 points. The index continued its bullish momentum and rallied after recording its intraday low at 38472.70 near its opening tick. The rally continued for the whole day, prices recorded their intraday high at 39606.55 and finally closed at 39520.35 near its day’s highs with a big gain of 1174 points. PVT and PSU BANKS both indices have performed almost today, saw a sharp intraday rally, and closed higher by 3.30% & 2.61% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside followed by HDFC BANK. The index opened above 38400 and recorded the first 15-minute high at 38760. BANK NIFTY has seen some handsome gains today and closed above 39500 with a gainofover3%. The short-term trend is up. The index confirmed its support levels around 38000 by bouncing up from there and now heading towards the resistance around 40000. We need to wait and see if prices holding this resistance or not.


TECH M 1076.10 BUY The stock has taken support at the lower level and then bounces. The stock can be bought at 1081 with a stop loss of 1068 and a target of 1099.
BEL 306.90 SELL The stock is facing resistance at its top in the daily chart. The stock can be sold at 304.70 with a stop loss of 309.95 and for a target of 296.50.


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
BAJAJFINSV.22.09 Sep 17069 5.6 4.35 712450 PEL.22.09 Sep 1071.8 -44.34 610.89 5710375
DLF.22.09 Sep 392.35 5.4 1.78 36004650 SYNGENE.22.09 Sep 596.1 -1.67 6.23 2218000
OBEROIRLTY.22.09 Sep 1011.5 5.27 7.56 4592000 COROMANDEL.22.09 Sep 1060.4 -0.73 1.96 1276100
SRF.22.09 Sep 2551.1 5.17 1.93 3215250 BHEL.22.09 Sep 58.75 -0.68 0.39 115059000
INDIACEM.22.09 Sep 229.15 5.14 0.88 12963000 HINDCOPPER.22.09 Sep 118.25 -0.21 2.23 18756600
                                                                        Short Covering                                                                       Long Unwinding
BAJFINANCE.22.09 Sep 7331.3 4.77 -5.99 4336375 NMDC.22.09 Sep 123.05 -1.01 -0.04 59435700
COFORGE.22.09 Sep 3559.3 4.64 -4.19 782700 SUNTV.22.09 Sep 503.1 -0.65 -3.39 10773000
NAUKRI.22.09 Sep 4325.2 4.48 -5.65 1540375 BEL.22.09 Sep 308.4 -0.56 -0.55 23556200
MINDTREE.22.09 Sep 3328.15 4.36 -1.12 2474800 IGL.22.09 Sep 415.65 -0.23 -1.48 13006125
TECHM.22.09 Sep 1082.8 4.25 -3.24 16234800


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Ipca Laboratories Ltd. 905.2 0.57 319017 170111 80.77 Nifty50 17759.3 2.58 38113783
Bajaj Auto Limited 4084.85 1.36 740581 494778 77.48 Niftybank 39536.75 3.29 17144547
Power Finance Corporatio 119.6 0.84 8103902 5919558 73.79 Nifty it 28407.9 2.63 1461873
Power Grid Corporation o 229.6 1.12 5410874 3106734 68.65 India Vix 18.7 0.92 349805739
Cummins India Limited 1192.6 0.76 1089848 796740 68.12 Nifty Fmcg 43821.15 2.07 622651
Rec Limited 108.75 1.4 7042420 4965624 67.9 Nifty Pharma 12699.4 1.22 53153608
Kotak Mahindra Bank Limi 1915.45 3.54 3885850 2571146 67.86 Nifty Realty 463.2 3.49 1463122323
Bharti Airtel Limited 726.6 0.83 8894800 5131485 64.74 Nifty Auto 13217.35 2.57 51172062
Infosys Limited 1492.95 2.13 6725875 4053627 64.67 Nifty Metal 5934.6 2.11 113786666
Hdfc Ltd. 2446.4 3.4 3085257 1891785 64.48 Nifty Financial Services 18235.05 3.42 4733917


   Domestic                                                                                                                                                  International
INR:  FX Reserves, USD on 1st September, 2022

INR: Trade Balance on 1st September, 2022

 USD : ISM Manufacturing PMI (Aug) on 01st September, 2022

USD : Initial Jobless Claims on 01st September, 2022


  • India’s stock benchmarks sustained gains, rising over 2.5% aided by realty and banking stocks. The 30-stock gauge added about 1,560 points to close at 59,537.07. The Nifty 50 ended 17,759.3, close to its day’s high of 17,777.65. All Nifty 50 and Sensex 30 stocks rose in today’s trade. The market breadth is skewed in the favour of bulls. About 2,409 stocks rose, 1,012 fell and 131 remained unchanged.

  • Oil held the biggest gain in more than a month as traders weighed supply concerns, including the possibility of an OPEC+ output cut. West Texas Intermediate was steady near $97 a barrel after jumping 4.2% in the week’s opening session amid concerns about the potential for supply interruptions in Libya and a bullish energy market outlook from Goldman Sachs Group Inc.

  • TD Power Systems on August 30 announced that its board has given its approval for stock split in the ratio of 1:5. The sub-division of one equity share with a face value of Rs 10 will be split into five equity shares of a face value of Rs 2, the manufacturer of AC generators said in a regulatory filing.

  • Commerce Ministry to bring out new Foreign Trade Policy next month to boost exports. As per sources, this new Foreign Trade Policy would seek to enhance India’s exports, and make them more competitive. It could also venture into new areas, such as e-commerce.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADITYA A.G.M.;General 01-Sep-22 JANUSCORP A.G.M. 01-Sep-22
ADVIKLA A.G.M.;General 01-Sep-22 KPIGREEN A.G.M. 01-Sep-22
AIML General;Preferential Issue of shares 01-Sep-22 MAHASTEEL General 01-Sep-22
AJRINFRA Audited Results 01-Sep-22 MAYUKH A.G.M. 01-Sep-22
ALKA General 01-Sep-22 MCL A.G.M. 01-Sep-22
ANMOL A.G.M. 01-Sep-22 MINALIND A.G.M.;General 01-Sep-22
ASHRAM General 01-Sep-22 NATURAL A.G.M.;General 01-Sep-22
BARTRONICS A.G.M. 01-Sep-22 NAVKAR A.G.M.;General 01-Sep-22
BPCAP General 01-Sep-22 NAVODAYENT A.G.M. 01-Sep-22
CELESTIAL Audited Results;Quarterly Results 01-Sep-22 NEGOTIUM A.G.M. 01-Sep-22
COLORCHIPS A.G.M. 01-Sep-22 NGIL A.G.M.;General 01-Sep-22
CTRNIND General 01-Sep-22 NOVATEOR General 01-Sep-22
DEEPAKFERT General 01-Sep-22 OISL General;Quarterly Results 01-Sep-22
DIAMANT General 01-Sep-22 OLECTRA General 01-Sep-22
DSSL General 01-Sep-22 PQIF A.G.M.;General 01-Sep-22
EBFL A.G.M. 01-Sep-22 PRATIK General 01-Sep-22
GMRP&UI General 01-Sep-22 ROSEMER A.G.M. 01-Sep-22
HASJUICE General 01-Sep-22 RRFIN A.G.M. 01-Sep-22
INTERDIGI General 01-Sep-22 RVHL Preferential Issue of shares 01-Sep-22
JAIPAN Increase in Authorised Capital 01-Sep-22 SABOOBR A.G.M.;General 01-Sep-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BANARISUG 01-Sep-22 Dividend Rs. 10 APLAPOLLO 02-Sep-22 Final Dividend Rs. 3.5
GGL 01-Sep-22 Right Issue of Equity Shares ENGINERSIN 02-Sep-22 Final Dividend Rs. 1
GSPL 01-Sep-22 Dividend Rs. 2 GROVY 02-Sep-22 Final Dividend Rs. 0.1
INDIAMART 01-Sep-22 Final Dividend Rs. 2 INDOAMIN 02-Sep-22 Final Dividend Rs. 0.5
JOINDRE 01-Sep-22 Dividend Rs. 1.25 NIKHILAD 02-Sep-22 Final Dividend Rs. 2
KANCHI 01-Sep-22 Dividend Rs. 2.5 QGO 02-Sep-22 Interim Dividend Rs. 0.10
LAKSHMIMIL 01-Sep-22 Final Dividend Rs. 25 SHIVTEX 02-Sep-22 Dividend Rs. 1.40
NBCC 01-Sep-22 Final Dividend Rs. 0.5 TVSSRICHAK 02-Sep-22 Dividend Rs. 16.30
PFC 01-Sep-22 Int. Div. Rs. 2.25 BHARATRAS 05-Sep-22 Final Dividend Rs. 1.5
PILANIINVS 01-Sep-22 Dividend Rs. 15 EMMBI 05-Sep-22 Dividend Rs. 0.60
RPIL 01-Sep-22 Split Rs. 10/- to Rs. 1/- GARFIBRES 05-Sep-22 Final Dividend Rs. 7
SOTL 01-Sep-22 Split Rs. 10/- to Rs. 2/- ISFT 05-Sep-22 Final Dividend Rs. 1
SUPERSHAKT 01-Sep-22 Final Dividend Rs. 1 MANGCHEFER 05-Sep-22 Dividend Rs. 1.20
SUPRIYA 01-Sep-22 Final Dividend Rs. 0.60 NATPEROX 05-Sep-22 Dividend Rs. 5
SURAJ 01-Sep-22 Final Dividend Rs. 1.1 TRANSPEK 05-Sep-22 Dividend Rs. 22.5
SURYAROSNI 01-Sep-22 Dividend Rs. 4 YUKEN 05-Sep-22 Final Dividend Rs. 0.80
UGARSUGAR 01-Sep-22 Final Dividend Rs. 0.25 BANCOINDIA 06-Sep-22 Dividend Rs. 20
YAARI 01-Sep-22 Spin Off DHARAMSI 06-Sep-22 Final Dividend Rs. 1
AIAENG 02-Sep-22 Dividend Rs. 9 DIANATEA 06-Sep-22 Dividend Rs. 0.5
ANURAS 02-Sep-22 Final Dividend Rs. 1 HALDYNGL 06-Sep-22 Dividend Rs. 0.60

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