NIFTY opened at 17770.40 with a big gap up of 148 points. Prices continued moving higher after recording its intraday low at 17744.40 and went above 17900 comfortably. Minor dips in between found support quickly and prices kept on moving higher. The index found resistance around 17900 after recording its intraday high at 17919.30. The index formed a trading range there eventually broke on the downside. A sharp decline came in the last hour of trading and the index finally closed at 17816.25 with a gain of 194 points or 1.10% up. All the sectoral indices have rallied today and closed higher. PHARMA outperformed today and ended with a gain of 3.08%. BANK, METAL, FINANCIAL, AUTO, and REALTY ended with a gain of over 1%. The index is consolidating inside a range with support around 17500 – 18000 for almost one and half months if we ignore a few false breakouts. This is a contraction and a successful breakout from this consolidation may give us a directional move. The INDIA VIX, a benchmark index for volatility, moved up today and now moving around 19 suggesting volatility is moderately high. As of now, we should avoid trading the index for the time being or prefer taking trades on an intraday basis only. We will get a trading opportunity soon.


The BANK NIFTY opened at 41304.15 with a big gap up of 338 points. The index continued its bullish momentum and moved high after recording its intraday low at 41207.30. A minor correction came that found support quickly and prices kept on rising to record its intraday high at 41677.65. The index consolidate there that eventually broke on the downside and prices have seen a sharp decline in the last hour of trading to finally close at 41414.30 with a gain of 448 points. PVT BANKS have outperformed today, saw a sharp intraday rally, and closed higher by 1.67%. PSU BANKS have also moved higher but ended with a gain of just 0.48%. Within the index, in terms of points, ICICIBANK contributed the highest on the upside followed by HDFC BANK contributed the lowest. We have a support of around 40000 and resistance of around 42000 in the BANK Index. Prices have been moving within these levels for the last two weeks. We will get a trading opportunity once this range breaks one way or the other. The short-term trend is sideways. Since we have a big news event coming this week which may raise volatility so we should now avoid trading the index We should now wait for prices to break either support or resistance level.


HDFC 2486.25 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 2489.50 with a stop loss of 2466 and for the target of 2524.
MAZDOCK 455.50 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 457 with a stop loss of 436 and for the target of 496.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HDFC 2500 CE BUY 28 CMP 24.50 34.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TVSMOTOR.22.09 Sep 1081.75 4.91 2.33 7320600 CANFINHOME.22.09 Sep 567.45 -3.93 52.4 4713150
CIPLA.22.09 Sep 1085.85 4.83 8.92 7915700 MRF.22.09 Sep 85613 -0.76 1.29 59050
RAIN.22.09 Sep 181.25 4.47 9.08 11861500 SIEMENS.22.09 Sep 2952.95 -0.61 0.23 1549900
BALRAMCHIN.22.09Sep 379.1 3.95 2.86 7068800 IOC.22.09 Sep 69.35 -0.57 2.31 1E+08
LAURUSLABS.22.09 Sep 529.4 3.92 5.39 6093900 ABB.22.09 Sep 3164.5 -0.05 4.01 1218500
                                                                        Short Covering                                                                       Long Unwinding
APOLLOHOSP.22.09Sep 4572.9 5.81 -1.96 1469125 GRANULES.22.09 Sep 308.5 -3.94 -7.64 9692000
MCX.22.09 Sep 1288.1 5.02 -5.55 3149200 MFSL.22.09 Sep 824.3 -3.09 -4.26 1911650
CROMPTON.22.09 Sep 412.45 4.99 -5.6 3816000 INDIACEM.22.09 Sep 283.2 -2.11 -8.91 12504800
LUPIN.22.09 Sep 672.25 4.7 -4.68 7267500 DELTACORP.22.09 Sep 211.95 -1.62 -5.39 14101300
SUNPHARMA.22.09Sep 912.2 4.2 -0.72 22078000 GMRINFRA.22.09 Sep 38.45 -1.16 -1.19 1.16E+08


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Apollo Hospitals Ltd 4559.35 5.83 1173769 0 41.86 Nifty50 17816.25 1.1 85668
Crompton Greaves Consume 415.15 5.64 3448926 0 51.84 Niftybank 41468.3 1.38 85668
Cipla Ltd 1092.3 5.4 2491392 0 50.87 Nifty it 27020.6 0.78 85668
Tvs Motor Company Limite 1082.15 5.35 3241244 0 61.07 India Vix 18.8 -5.72 85668
Mcx 1284.25 4.73 1201462 0 52.49 Nifty Fmcg 43981.25 0.75 85668
Lupin Limited 671.25 4.68 1894583 0 40.04 Nifty Pharma 12750.7 3.08 85668
Rain Industries Limited 181.2 4.5 4709791 0 23.65 Nifty Realty 457.2 1.59 85668
Bharat Forge Ltd 769.45 4.47 1513887 0 52.77 Nifty Auto 13291.35 1.66 85668
Sun Pharma  Ltd 911.95 4.24 4408042 0 60.55 Nifty Metal 6205.6 1.56 85668
Abbott India Limited 18113.1 4.23 24095 0 38.74 Nifty Financial Services 18750.75 1.4 85668


   Domestic                                                                                                                                                  International
INR: Bank Loan Growth on 23rd September, 2022

INR: Interest Rate Decision on 30th September, 2022

 USD : FOMC Economic Projections on 21st September, 2022

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


  • Indian benchmark indices extended the gains in the second consecutive session on September 20 with Nifty closing around 17,800. At Close, the Sensex was up 578.51 points or 0.98% at 59,719.74, and the Nifty was up 194 points or 1.10% at 17,816.30. About 2038 shares have advanced, 1334 shares declined, and 123 shares are unchanged.
  • India’s economy is well poised to grow at a sustained rate of 7% “as we go into 2023” and for the rest of the decade, chief economic advisor V Anantha Nageswaran said on Tuesday. His projections are lower than the estimate of 8-8.5% GDP growth in the current financial year provided in the government’s Economic Survey in January 2022.
  • U.S. private equity giant KKR & Co Inc and India’s Hero Group have agreed to invest $450 million in the motorcycle maker’s renewable energy arm, the companies said on Tuesday, as the Indian firm looks to expand its renewable energy capacity.
  • Gold edged down to near the lowest level in more than two years as the dollar rallied, with investors weighing the likely size of the Federal Reserve’s looming interest-rate hike. The greenback rose Tuesday alongside inflation-adjusted Treasury yields, putting some pressure on bullion. The metal plunged below the $1,700 mark last week following hot inflation data that spurred some bets on a 100 basis point rate hike by the Fed.
Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AHLEAST General 21-Sep-22 SATINDLTD General 23-Sep-22
GKP Bonus issue;General 21-Sep-22 SPAR Right Issue of Equity Shares;General 23-Sep-22
JMCPROJECT General 21-Sep-22 TANTIACONS A.G.M.;Audited Results;Quarterly Results 23-Sep-22
ROSEMER Issue Of Warrants 21-Sep-22 TRIVENIGQ General 23-Sep-22
SAGARSOFT Quarterly Results 21-Sep-22 XOINFO A.G.M.;General 23-Sep-22
SPAL Buy Back of Shares 21-Sep-22 ZEXDONTR A.G.M.;General 23-Sep-22
SPANDANA General 21-Sep-22 ARENTERP General 24-Sep-22
SUPREMEINF Quarterly Results 21-Sep-22 COLORCHIPS Stock  Split 24-Sep-22
BOMDYEING Right Issue of Equity Shares 22-Sep-22 UNICK Increase in Authorised Capital 24-Sep-22
ECOBOAR General 22-Sep-22 CORALAB General 26-Sep-22
GUJTLRM Issue Of Warrants;Preferential Issue of shares 22-Sep-22 GENNEX General 26-Sep-22
PHOTOQUP General 22-Sep-22 GOVAI General 26-Sep-22
QUEST General 22-Sep-22 HOTLSILV General 26-Sep-22
RIDDHICORP Issue Of Warrants;General;Preferential Issue of shares 22-Sep-22 TTFL General 26-Sep-22
RMC General 22-Sep-22 IFCI Preferential Issue of shares 27-Sep-22
BHARATWIRE Employees Stock Option Plan;Preferential Issue of shares 23-Sep-22 OCEANIC General;Quarterly Results 27-Sep-22
CAMPUS Audited Results 23-Sep-22 VALECHAENG Audited Results 27-Sep-22
DBSTOCKBRO General 23-Sep-22 ANJANIFOODS Stock  Split 29-Sep-22
HERCULES Scheme of Arrangement 23-Sep-22 INTETHR A.G.M. 30-Sep-22
KRANTI General 23-Sep-22 MDRNSTL Quarterly Results 30-Sep-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ABCINDQ 21-Sep-22 Final Dividend  Rs. 0.50 FLUOROCHEM 21-Sep-22 Final Dividend Rs.2
ALANKIT 21-Sep-22 Final Dividend GOODLUCK 21-Sep-22 Final Dividend Rs. 2
ALPHALOGIC 21-Sep-22 Bonus issue 1:2 GUJALKALI 21-Sep-22 Dividend Rs.10
AMARJOTHI 21-Sep-22 Dividend Rs. 2.20 HIMTEK 21-Sep-22 Dividend Rs.0.40
AMBIKCO 21-Sep-22 Final Dividend Rs. 35 HINDCOMPOS 21-Sep-22 Final Dividend Rs. 2
AMDIND 21-Sep-22 Final Dividend Rs. 0.75 HINDTIN 21-Sep-22 Final Dividend Rs. 1.20
ARIES 21-Sep-22 Dividend  Rs. 0.80 HITECHGEAR 21-Sep-22 Final Dividend Rs.1.50
ASHAPURMIN 21-Sep-22 Final Dividend Rs. 0.50 IFL 21-Sep-22 Bonus issue 1:1
AUSOMENT 21-Sep-22 Final Dividend Rs.1 INVPRECQ 21-Sep-22 Final Dividend Rs. 0.25
AXTEL 21-Sep-22 Dividend Rs. 2 ITL 21-Sep-22 Final Dividend Rs.0.50
BHARAT 21-Sep-22 Final Dividend Rs.0.60 JAYUSH 21-Sep-22 Dividend Rs.3
BLACKROSE 21-Sep-22 Final Dividend Rs.0.55 JINDALPOLY 21-Sep-22 Dividend Rs.5
BLACKROSE 21-Sep-22 Special Dividend Rs.0.20 JSTL 21-Sep-22 Dividend Rs. 1.20
CAPPL 21-Sep-22 Final Dividend Rs.2 KEYFINSER 21-Sep-22 Final Dividend Rs.1
CAREERP 21-Sep-22 Final Dividend Rs.1 KNRCON 21-Sep-22 Final Dividend Rs.0.25
COCHINSHIP 21-Sep-22 Final Dividend Rs. 3.75 LAOPALA 21-Sep-22 Dividend Rs.0.80
COMFINTE 21-Sep-22 Final Dividend Rs. 0.50 LOVABLE 21-Sep-22 Final Dividend Rs.0.50
DDEVPLASTIK 21-Sep-22 Dividend Rs.0.24 MAWANASUG 21-Sep-22 Dividend Rs.3
DHANROTO 21-Sep-22 Final Dividend Rs. 1 MIDHANI 21-Sep-22 Final Dividend Rs.1.54
ECLERX 21-Sep-22 Bonus issue 1:2 MTCL 21-Sep-22 Final Dividend Rs. 0.50

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