The NIFTY opened at 17766.35 with a gap down of 5O points. Prices initially went up and filled the gap quickly. However, the index did not sustain at higher levels and drifted downwards. Prices have recorded its intraday high at 17838.70, saw a sharp intraday decline of more than 150 points in the afternoon, and recorded its intraday low at 17663.60. The index found support there and bounced up. Prices have made some recovery and finally closed at 17718.35 near its opening tick with a loss of 97.90 points or 0.55% down. All the sectoral indices have seen a down move today and closed lower except FMCG which ended with a gain of 1.18%. METAL led the bears today by ending 2.09% lower followed by PHARMA, REALTY, and OIL GAS which lost more than 1%. The short-term trend is sideways, and the index is consolidating inside the 500 points range for almost one and half months. As mentioned yesterday, this is a contraction and a successful breakout from this consolidation may give us a directional move. Volatility is rising and we have been expecting it also due to the FED Policy announcement this week. Besides, the scheduled weekly expiry would add to the volatility. The INDIA VIX is 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 41282.60 with a gap down of 132 points. The index initially moved up but failed to sustain at higher levels and started drifting downwards after recording its intraday high at 41501.70. Prices have seen a sharp decline and recorded its intraday low at 40889.15. The index then recovered but formed a trading range towards the end of today’s trading session. Prices have finally closed at 41197.60 with a loss of 217 points. PVT and PSU BANKS both indices have performed almost the same today, saw a sharp decline, and closed lower by 0.83 % & 0.71% respectively. Within the index, in terms of points, AU BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. BANK NIFTY continued moving volatile and closed with a loss after two days of an up move. A gap down opening did not sustain but prices moved down again during the day. 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. 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.


GRASIM 1719.85 SELL The stock is on the verge of giving the breakdown on the intraday as well as the daily chart. The stock can be sold at 1714.20 with a stop loss of 1728 and for the target of 1693.
BRITANIA 3765.65 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 3775 with a stop loss of 3741 and for the target of 3825.


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
BRITANNIA.22.09 Sep 3766.7 2.84 1.51 1408800 SHREECEM.22.09 Sep 21850 -6.05 5 412975
GRANULES.22.09 Sep 314.25 1.86 0.27 9718000 AMBUJACEM.22.09 Sep 540 -5.96 2.07 49761000
MARICO.22.09 Sep 536.65 1.67 5.4 7608000 ADANIENT.22.09 Sep 3640 -5.28 4.87 16906500
CUMMINSIND.2209Sep 1253.35 1.58 10.6 3581400 IBULHSGFIN.22.09 Sep 124.3 -4.27 0.2 30828000
ITC.22.09 Sep 341.6 1.56 5.14 79267200 ADANIPORTS.22.09 Sep 936 -3.6 0.97 67540000
                                                                        Short Covering                                                                       Long Unwinding
LALPATHLAB.22.09 Sep 2372 2.07 -1.46 1213750 ACC.22.09 Sep 2538.05 -7.01 -4.24 4372000
LTTS.22.09 Sep 3448.95 1.16 -2.33 880400 JKCEMENT.22.09 Sep 2787.4 -4.46 -0.41 420500
BATAINDIA.22.09 Sep 1881.55 1.13 -1.41 2217600 RAMCOCEM.22.09 Sep 747.1 -3.8 -1.36 2840700
METROPOLIS.22.09 Sep 1371.05 1.02 -1.49 952500 POWERGRID.22.09 Sep 225.4 -3.39 -3.23 39006900
TECHM.22.09 Sep 1063 0.64 -0.92 14509200 SUNTV.22.09 Sep 509.55 -2.82 -1.46 11334000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 227.05 -2.43 10851628 0 85.26 Nifty50 17718.35 -0.55 94161
Honeywell Auto India Ltd 41316.15 1.49 3848 0 77.19 Niftybank 41203.45 -0.64 94179
United Breweries Limited 1664.3 0.11 220257 0 76.15 Nifty it 26843.25 -0.66 94179
Ntpc Limited 168.6 -1.92 7370283 0 71.92 India Vix 19.32 2.79 94179
Icici Bank Ltd. 915.25 -0.16 8917640 0 71.34 Nifty Fmcg 44500.15 1.18 94176
Muthootfin 1036.4 0.24 580021 0 67.59 Nifty Pharma 12573.55 -1.39 94176
Mah & Mah Ltd. 1306.65 0.28 2887754 0 67.52 Nifty Realty 451.3 -1.29 94176
Britannia Ind Ltd. 3765.65 3.15 773841 0 67.19 Nifty Auto 13223.45 -0.51 94176
Bharti Airtel Limited 780.2 -1.51 9966193 0 66.49 Nifty Metal 6076.1 -2.09 94176
Indian Oil Corp. Ltd. 68.45 -0.94 24710729 0 66.37 Nifty Financial Services 18662.15 -0.47 94176



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

INR: Interest Rate Decision on 30th September, 2022

 USD : FOMC Press Conference on 22nd September, 2022

USD : Fed Chair Powell Speaks on 23rd September, 2022


  • On Wednesday, benchmark indices broke two-day winning streak and ended lower with Nifty around 17,700 in the highly volatile session ahead of US Federal Reserve interest rate decision later tonight. At Close, the Sensex was down 262.96 points or 0.44% at 59,456.78, and the Nifty was down 98 points or 0.55% at 17,718.30. About 1251 shares have advanced, 2115 shares declined, and 117 shares are unchanged.

  • The Cabinet on Wednesday approved a Rs 19,500-crore production linked incentive (PLI) scheme on ‘national programme on high efficiency solar PV modules’ with an aim to attract Rs 94,000 crore investment in the sector. One of the the benefits expected from the PLI scheme is that about 65,000 MW per annum manufacturing capacity of fully and partially integrated solar PV modules would be installed.

  • Brokerage house Jefferies has kept buy rating on Zomato with a price target of Rs 100 per share. The investors are convinced on food delivery moat, with skepticism is high on quick commerce. The management bullish on quick commerce business & sees blinkit as a large driver of growth,

  • The effect of the pandemic has hit global business in a manner that they have had to figure new ways to not just bounce back in some form but stay relevant as well. A key component of this piece is the supply chain, something that is the lifeline of any organisation. Paul F. Gruenwald, S&P Global Ratings’ Chief Economist, in a media interaction held in Mumbai, said “the supply chain has passed the efficiency test but failed on resilience.”

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BOMDYEING Right Issue of Equity Shares 22-Sep-22 XOINFO General;A.G.M. 23-Sep-22
ECOBOAR General 22-Sep-22 ZEXDONTR General;A.G.M. 23-Sep-22
GUJTLRM Issue Of Warrants;Preferential Issue of shares 22-Sep-22 ARENTERP General 24-Sep-22
MASCH General 22-Sep-22 COLORCHIPS Stock  Split 24-Sep-22
PHOTOQUP General 22-Sep-22 UNICK Increase in Authorised Capital 24-Sep-22
QUEST General 22-Sep-22 CORALAB General 26-Sep-22
RIDDHICORP Issue Of Warrants;Preferential Issue of shares;General 22-Sep-22 GENNEX General 26-Sep-22
RMC General 22-Sep-22 GOVAI General 26-Sep-22
BHARATWIRE Preferential Issue of shares;Employees Stock Option Plan 23-Sep-22 HOTLSILV General 26-Sep-22
CAMPUS Audited Results 23-Sep-22 ROLTA Audited Results 26-Sep-22
DBSTOCKBRO General 23-Sep-22 TTFL General 26-Sep-22
HERCULES Scheme of Arrangement 23-Sep-22 VISVEN General 26-Sep-22
JSL General 23-Sep-22 GPTINFRA Bonus issue 27-Sep-22
KRANTI General 23-Sep-22 IFCI Preferential Issue of shares 27-Sep-22
MANAPPURAM General 23-Sep-22 OCEANIC Quarterly Results;General 27-Sep-22
SATINDLTD General 23-Sep-22 VALECHAENG Audited Results 27-Sep-22
SPAR Right Issue of Equity Shares;General 23-Sep-22 GAL Rights Issue 28-Sep-22
TANTIACONS Quarterly Results;Audited Results;A.G.M. 23-Sep-22 ITI Preferential Issue of shares 28-Sep-22
TRIVENIGQ General 23-Sep-22 PHYTO General 28-Sep-22
VEGETABLE General 23-Sep-22 ANJANIFOODS Stock  Split 29-Sep-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ACKNIT 22-Sep-22 Final Dividend  Rs. 1.5 ELCIDIN 22-Sep-22 Final Dividend Rs. 15
ADSDIAG 22-Sep-22 Dividend Rs. 0.80 FIRSTFIN 22-Sep-22 E.G.M.
AEGISLOG 22-Sep-22 Interim Dividend GANECOS 22-Sep-22 Dividend  Rs. 2
AGARIND 22-Sep-22 Final Dividend Rs.2 GENCON 22-Sep-22 Final Dividend Rs. 0.05
ASAHISONG 22-Sep-22 Final Dividend Rs. 0.50 GMDCLTD 22-Sep-22 Dividend  Rs. 4.30
ASTAR 22-Sep-22 Final Dividend  Rs. 1.5 HFCL 22-Sep-22 Dividend Rs.0.18
AVL 22-Sep-22 Final Dividend Rs. 6 HPL 22-Sep-22 Final Dividend Rs. 0.15
BAJAJHCARE 22-Sep-22 Final Dividend Rs. 1.50 INANI 22-Sep-22 Dividend Rs. 0.04
BAJAJHLDNG 22-Sep-22 Interim Dividend Rs. 110 INTLCONV 22-Sep-22 Final Dividend  Rs. 1
BASANTGL 22-Sep-22 Final Dividend Rs. 0.08 JAGANLAM 22-Sep-22 Final Dividend Rs. 1
BCG 22-Sep-22 Final Dividend Rs.0.30 KMSMEDI 22-Sep-22 Final Dividend Rs. 0.05
BECTORFOOD 22-Sep-22 Final Dividend Rs.1.25 KPEL 22-Sep-22 Final Dividend  Rs. 0.25
BIGBLOC 22-Sep-22 Final Dividend Rs. 0.20 LIBERTSHOE 22-Sep-22 Interim Dividend
BODALCHEM 22-Sep-22 Final Dividend Rs. 0.80 LLFICL 22-Sep-22 Split Rs.10/- to Rs.1/-
CEINSYSTECH 22-Sep-22 Final Dividend Rs.2.25 MAHSCOOTER 22-Sep-22 Interim Dividend Rs. 100
CHOICEIN 22-Sep-22 Bonus issue 1:1 MARATHON 22-Sep-22 Dividend Rs. 0.50
COMSYN 22-Sep-22 Final Dividend Rs. 2.10 MOLDTEK 22-Sep-22 Final Dividend Rs. 0.30
CONFIPET 22-Sep-22 Final Dividend  Rs. 0.10 MOLDTKPAC 22-Sep-22 Final Dividend  Rs. 2
DBL 22-Sep-22 Final Dividend Rs. 0.10 PAISALO 22-Sep-22 Dividend Rs. 1
DEVIT 22-Sep-22 Final Dividend Rs. 0.50 PANCHSHEEL 22-Sep-22 Dividend Rs. 1

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