The NIFTY opened at 17966.55 without much of a gap. The index initially consolidated and then broke on the downside after recording its intraday high at 17992.20. Prices have seen a sharp intraday decline till the afternoon and then went into a process of consolidation. The index moved sideways till the end of today’s trading session. Prices have recorded their intraday low at 17710.75 and finally closed at 17758.45 near their day’s lows with a loss of 198.05 points or 1.10% down. All the sectoral indices have closed lower today except IT which ended with minor gains. The MEDIA sector closed today with a minor loss while all the other sectoral indices have closed lower by more than 1%. On the weekly timeframe chart, the index continued closing higher. However, the index closed almost on the opening tick and registered minor gains when compared to last week’s closing price. The short-term trend is still up. We have mentioned a support level of around 17700 in the NIFTY index while resistance at around the 18000 mark. We have been anticipating a dip and that came today. We should now wait for prices to find support. We will then plan our trade accordingly. Till then we should now avoid trading the index.


The BANK NIFTY opened at 39732.65 with a gap of just 62 points. The index did not sustain higher and started drifting downwards after recording its intraday high at 39759.15. Prices kept on moving down and recorded their intraday low at 38848.40 in the afternoon and then went into a process of consolidation. The index finally dosed at 38900.15 near its day low with a loss of 770 points. PSU and PVT BANKS both indices have seen a decline today and dosed lower by 2.66% & 1.84% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the downside followed by HDFC BANK. It was expected as we have seen a few choppy and narrow range days in this week. The short-term trend is still up. Support is visible at around 38000. A dose below this level may change it to sideways or down. Psychological resistance is visible at the 40000 mark. We have been anticipating a dip and that came today. Now we should wait for prices to find support. We will then plan our trade accordingly. Till then avoid trading the index.


CROMPTON 395.95 BUY The Stock has been in an uptrend for a while and then continuously consolidates within a range. One should Buy at 397.40 for the Target of 404.05 with the SL of 393.95.
M&M 1239.40 SELL The stock is trying to reverse from the upper level, after a massive rally towards the upside, one can initiate a sell position at 1235.15 with a stop loss of 1247.80 TGT 1216.75.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
                TVS MTR 940 (PE) BUY 7.95 CMP 5.95 13.45 SELLING PRESSURE
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
LT.22.08 Aug 1933.75 2.04 1.66 8660400 INDIAMART.22.08 Aug 4305.25 -3.36 0.61 271500
ATUL.22.08 Aug 9191 -1.72 1.88 105450
COFORGE.22.08 Aug 3881.9 -0.11 0.77 723000
EICHERMOT.22.08 Aug 3404.7 -0.06 0.33 2905700
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIPORTS.2208Aug 873.15 4.7 -6.11 66881250 PVR.22.08 Aug 1814.15 -5.76 -4.45 2671141
TATACOMM.22.08 Aug 1124.7 3.28 -9.29 2611000 M&MFIN.22.08 Aug 194.3 -4.12 -1.15 24428000
IRCTC.22.08 Aug 736.35 2.78 -11.61 10933125 DLF.22.08 Aug 373.75 -4.11 -8.17 35585550
ZEEL.22.08 Aug 260.55 2.72 -8.38 64437000 CANBK.22.08 Aug 230.4 -4.08 -17.63 30650400
AMBUJACEM.22.08Aug 420.1 2.26 -11.78 48727800 GRANULES.22.08 Aug 312.2 -4.03 -11.93 8950000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 228.15 -1.38 7372148 4167094 76.76 Nifty50 17758.45 -1.1 37977689
Hdfc Ltd. 2468.05 -1.2 2411051 1662311 72.89 Nifty Fmcg 42945.35 -1.33 392696
Bajaj Auto Limited 4074.55 0.34 223883 107448 71.65 Nifty Healthcare Index 8016.45 -1.34 84019599
Abb Limited 2888.35 -0.07 335377 158110 71.1 India Vix 18.28 -1.35 374477151
Ipca Laboratories Ltd. 919.85 -0.55 547895 406473 70.53 Nifty Auto 12946.45 -1.41 51909200
Hdfc Bank Ltd. 1493.05 -1.23 4031851 2298218 69.55 Nifty Metal 5883.25 -1.57 114075591
Axis Bank Limited 757.5 -0.99 7553270 3684136 66.86 Niftybank 38985.95 -1.69 17238767
City Union Bank Ltd. 175.85 -1.68 8542022 4238761 65.54 Nifty Smlcap 50 4318.45 -1.7 155561605
Larsen & Toubro Limited 1936.05 2.19 4134598 2464378 64.46 Nifty  Pvt Bank 19932.9 -1.84 2061327
Indian Oil Corp. Ltd. 72.15 -0.69 13357442 6541166 63.97 Nifty Realty 450.4 -1.95 1488773110


   Domestic                                                                                                                                                  International
INR:  M3 Money Supply on 24th August, 2022

INR: FX Reserves, USD on 26th August, 2022

 USD : New Home Sales (Jul) on 23rd August, 2022

USD : Core Durable Goods Orders (MoM) (Jul) on 24th August, 2022


  • The Nifty 50 snapped its longest winning streak in 21 months on Friday even as it gained for the fifth week in a row, aided by FMCG and energy stocks. Nifty 50 lost more than 1% to close at 17,758.45. The index had gained in the last seven sessions. For the week ended Aug. 19, it gained 0.3%. On Friday, the Sensex fell more than 650 points to close at 59,646.15. The gauge snapped a five-day winning streak.

  • Adani Power Ltd. agreed to acquire DB Power Ltd. from the Bhaskar Group at an enterprise value of Rs 7,017 crore, adding to its thermal power capacity. DB Power owns and operates a 1,200-megawatt (2X600 MW) thermal plant at Jahangir Champa district of Chhattisgarh, according to a filing by Adani Power. The project, commissioned in 2015, has long- and medium-term power purchase agreements for 923.

  • Oil prices steadied on Friday, but fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand. Brent crude futures settled at $96.72 a barrel, gaining 13 cents. U.S. West Texas Intermediate crude ended 27 cents higher at $90.77. Both benchmarks fell about 1.5 per cent on the week.

  • US Stocks fell as short-sellers resurfaced and investors turned cautious after Federal Reserve officials beat the drum on hiking rates. Treasury yields climbed and the dollar rose. The S&P 500 Index extended losses, heading for its biggest daily decline since June. The tech-heavy Nasdaq 100 underperformed major benchmarks, with growth-related stocks among the hardest hit Friday. Meanwhile, Wall Street’s fear gauge, the Cboe Volatility Index, jumped the most in more than two weeks, back above 20.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADHBHUTIN Quarterly Results;General 22-Aug-22 STEP2COR A.G.M. 22-Aug-22
DATAINFRA General 22-Aug-22 SUNCITYSY General 22-Aug-22
DRA A.G.M.;General 22-Aug-22 SUNRAJDI A.G.M.;General 22-Aug-22
EIGHTY A.G.M.;General 22-Aug-22 TIRUFOAM A.G.M.;Final Dividend 22-Aug-22
GGPL General 22-Aug-22 TTFL A.G.M.;General 22-Aug-22
GILLETTE Audited Results;Final Dividend 22-Aug-22 ARCFIN General 23-Aug-22
HATSUN A.G.M. 22-Aug-22 DYNAVSN A.G.M. 23-Aug-22
HBESD General 22-Aug-22 HEMORGANIC Stock  Split 23-Aug-22
KAMAHOLD Interim Dividend 22-Aug-22 MERCTRD General 23-Aug-22
MYMONEY A.G.M. 22-Aug-22 NEWINFRA Quarterly Results 23-Aug-22
NATRAJPR A.G.M.;General 22-Aug-22 NGIL General 23-Aug-22
NETLINK A.G.M.;General 22-Aug-22 PANCHSHEEL Interim Dividend 23-Aug-22
ORCHASP A.G.M. 22-Aug-22 PARTIND General 23-Aug-22
PANELEC A.G.M.;General 22-Aug-22 PGHH Audited Results;Final Dividend 23-Aug-22
QGO Interim Dividend;General 22-Aug-22 SALEM A.G.M. 23-Aug-22
RADHIKAJWE General 22-Aug-22 SECMARK Bonus issue 23-Aug-22
RBLBANK General 22-Aug-22 SHAREINDIA Employees Stock Option Plan 23-Aug-22
ROYALIND Genera 22-Aug-22 SOFCOM General 23-Aug-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AEGISLOG 22-Aug-22 Int. Div. Rs.1.5 SUNTV 23-Aug-22 Int. Div. Rs.5
CHEMCON 22-Aug-22 Int. Div. Rs.4 BAPACK 24-Aug-22 Final Dividend Rs.1.5
COMPUAGE 22-Aug-22 Final Dividend Rs.0.20 COCHINM 24-Aug-22 Dividend Rs.1.5
CRAVATEX 22-Aug-22 Final Dividend Rs.3 DHUNTEAIND 24-Aug-22 Final Dividend Rs.4
DHUNINV 22-Aug-22 Dividend Rs. 2.5 GUFICBIO 24-Aug-22 Final Dividend Rs.0.1
DSSL 22-Aug-22 Int. Div. Rs.0.5 HEG 24-Aug-22 Final Dividend Rs.40
FINOLEXIND 22-Aug-22 Final Dividend Rs.2 HGS 24-Aug-22 Int. Div.
FINOLEXIND 22-Aug-22 Special Dividend Rs.2 HLEGLAS 24-Aug-22 Dividend Rs.5
GRANULES 22-Aug-22 Buy Back of Shares JYOTIRES 24-Aug-22 Dividend Rs.7.5
HINDPETRO 22-Aug-22 Final Dividend Rs.14 KANORICHEM 24-Aug-22 Dividend Rs.1
KPEL 22-Aug-22 Int. Div. PREMCO 24-Aug-22 Int. Div. Rs.2
KPIGREEN 22-Aug-22 Int. Div. SUPER 24-Aug-22 Final Dividend Rs. 10
NH 22-Aug-22 Final Dividend Rs.1 WEPSOLN 24-Aug-22 Final Dividend Rs.0.5
NICCOPAR 22-Aug-22 Int. Div. Rs.0.5 CCL 25-Aug-22 Final Dividend Rs.2
STLTECH 22-Aug-22 Final Dividend Rs.0.5 COASTCORP 25-Aug-22 Right Issue
TIDEWATER 22-Aug-22 Int. Div. DEEPAKFERT 25-Aug-22 Dividend Rs.9
WARDINMOBI 22-Aug-22 Final Dividend Rs.0.075 EDELWEISS 25-Aug-22 Final Dividend Rs.1.2
JKPAPER 23-Aug-22 Final Dividend Rs.5.5 GPIL 25-Aug-22 Final Dividend Rs.8.5
JUBLINGREA 23-Aug-22 Final Dividend Rs.2.5 INDIGOPNTS 25-Aug-22 Final Dividend Rs.3
SCFL 23-Aug-22 Int. Div. Rs.0.3 KANPRPLA 25-Aug-22 Final Dividend Rs.1.2

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