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|
|TATA CONSUMERS||820 CE||BUY||24.30||CMP||22.50||27.50||BREAKOUT|
|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|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|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|
UPCOMING ECONOMIC DATA
|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|
|AIML||General;Preferential Issue of shares||01-Sep-22||MAHASTEEL||General||01-Sep-22|
|CELESTIAL||Audited Results;Quarterly Results||01-Sep-22||NEGOTIUM||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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