The NIFTY opened at 17357.35 with a big gap down of 133 points. The index started moving upwards from its opening tick after recording its intraday low at 17345.20. Prices have filled the gap quickly, rallied further, and then turned down after reaching above 17600. A sharp dip found support around 17400 and the index again moved up. Prices have seen another upside move which lasted till the end and recorded its intraday high at 17625.55. Prices have finally closed at 17577.50 near their daily highs with a gain of 86.80 points or 0.50 % up. All the sectoral indices have closed higher today except IT which ended with a loss of 1.77%. The rally was led by AUTO, METAL, OIL&GAS, and BANK    which ended with over 1% gains. A big gap-down opening did not sustain today. Prices have rallied more than 200 points after opening with a gap down and closed above 17600 with a gain of a half percent. We have been expecting an increase in volatility and that we are seeing now. The volatility may continue to rise due to global factors and also monthly expiry is approaching. We have a support level of around 17400 and a resistance level of around 18000. It is very likely that prices may continue moving within these levels for a few weeks. As of now, we should avoid trading the index.


The BANK NIFTY opened at 37955.45 with a big gap down of 376 points. The index started moving upwards after recording its intraday low at 37950.85 and filling the gap within a few minutes. Prices then saw a minor correction which found support quickly and the index resumed its up move to record its intraday high at 38869.90. The index finally closed at 38852.20near its day high with a gain of 521points. PSU BANKS have outperformed today and closed with a gain of 2.34%. PVT BANKS have also moved up today and ended with a gain of 1.13%. Within the index, in terms of points, ICICIBANK contributed the highest on the upside followed by SBIN. It was again a trend day today in the Bank Index but on the upside, where prices have recorded their intraday low near the opening tick and intraday high near the closing tick. A gap-down opening did not sustain and has rallied almost 900 points during the day to end with a gain of over 1%. The short-term trend is sideways and now has a support level of around 38000 and a resistance level of around 40000. This range has yet to be confirmed but it is most likely that prices may move within these boundaries for a few weeks. The monthly expiry is approaching so the volatility may also continue. We should avoid trading the index.



MARUTI 8720 BUY The Stock has been in an uptrend for a while and then continuously consolidates within a range. Currently price taken support from trend line. So one should buy at 8721 for the Target of 8843 with the SL of 8689.
HUL 2592.75 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 2585 with a stop loss of 2609 TGT 2549.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
                LUPIN (SEP 29) 700 (CE) BUY 33.30 CMP 30.10 39.70 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
M&M.22.08 Aug 1276.85 3.98 9.35 9524900 MPHASIS.22.08 Aug 2280.95 -2.61 9.04 1489950
ABFRL.22.08 Aug 289.5 3.93 6.22 9318400 PIIND.22.08 Aug 3335.35 -1.25 16.65 1278750
IDFC.22.08 Aug 61.6 3.62 1.5 69080000 HINDPETRO.22.08 Aug 243.4 -1.24 16.45 16607700
BEL.22.08 Aug 299.35 3.53 7.47 17776400 TCS.22.08 Aug 3312.95 -1.16 11.01 8284800
EICHERMOT.22.08 Aug 3452.9 3.3 3.49 2446850 HINDUNILVR.22.08 Aug 2602 -1.14 5.18 7350600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RBLBANK.22.08 Aug 104.45 6.26 -32.63 25150000 INFY.22.08 Aug 1551.8 -1.45 -2.13 22908300
NMDC.22.08 Aug 119.7 5.98 -8.64 42163100 PERSISTENT.22.08 Aug 3642 -1.26 -9.26 291150
IDFCFIRSTB.22.08 Aug 46.25 5.84 -12.13 1.17E+08 SUNTV.22.08 Aug 490.45 -0.92 -13.03 6787500
BANKBARODA2208Aug 123.75 4.61 -2.38 67871700 MOTHERSON.22.08 Aug 124.65 -0.76 -6.01 21181500
INDIACEM.22.08 Aug 209.5 4.28 -20.03 5463600 COFORGE.22.08 Aug 3704.15 -0.68 -30.56 303000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Bank Ltd. 863.9 1.37 13254855 0 75.49 Nifty Auto 12925.75 1.81 83628
Hcl Technologies Ltd. 946.9 -1.31 3753715 0 72.67 Nifty Metal 5789.2 1.42 83628
Tata Consultancy Serv Lt 3284.6 -2.09 1849256 0 71.93 Niftybank 38697.65 1.04 83628
Hdfc Ltd. 2420.75 -0.1 1639606 0 70.3 Nifty Energy 27492.25 0.95 83628
Bajaj Auto Limited 4064.45 0.57 172256 0 67.95 Nifty Financial Services 17897.35 0.75 83628
Bharti Airtel Limited 737.6 1.37 8229797 0 66.4 Nifty50 17577.5 0.5 83628
Hdfc Asset Management Co 2158.4 2.6 953019 0 65.21 Nifty Realty 440.85 0.4 83628
Atul Ltd. 9239.15 3.22 78883 0 65.2 Nifty Fmcg 42937.65 0.11 83628
Infosys Limited 1542.4 -2.11 5551574 0 64.95 India Vix 19.05 0.05 83628
Larsen & Toubro Limited 1877.05 -0.19 1811509 0 64.92 Nifty it 28957.85 -1.77 83628


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

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

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

USD : GDP (QoQ) (Q2) on 24th August, 2022


  • Benchmark indices ended higher on August 23 amid high volatility. At Close, the Sensex was up 257.43 points or 0.44% at 59031.30, and the Nifty was up 86.80 points or 0.50% at 17577.50. About 2077 shares have advanced, 1235 shares declined, and 146 shares are unchanged. BSE midcap and smallcap indices added 0.5-1 percent.

  • The Reserve Bank of India (RBI) has set for itself a two-year timeframe to bring down inflation closer to its 4 percent target, Governor Shaktikanta Das told a television channel on August 23. Inflation and inflation expectations are increasingly getting anchored, he added, stating that inflation has peaked and is expected to moderate going forward. However, there is “absolutely no room” for any complacency with regards to inflation, he said.

  • Apple intends to begin iPhone 14’s production in India about two months after the product’s release out of China. The first iPhone 14 from India is likely to be finished in November, after the scheduled release in September.

  • IKS Health, backed by late Rakesh Jhunjhunwala’s investment firm Rare Enterprises, is set to file draft papers with SEBI next month for floating initial public offering (IPO) soon. The company is reportedly looking to launch the offer by January, 2023.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ASHAI General 24-Aug-22 PRITIKAUTO A.G.M. 24-Aug-22
BEML Scheme of Arrangement 24-Aug-22 PROMAX A.G.M.;Preferential Issue of shares 24-Aug-22
BHARATGEAR Bonus issue 24-Aug-22 REGENCY A.G.M.;General 24-Aug-22
CINEVISTA General 24-Aug-22 RESPONSINF A.G.M. 24-Aug-22
CNIRESLTD A.G.M. 24-Aug-22 SHANTAI A.G.M.;General 24-Aug-22
CONART General 24-Aug-22 WARDINMOBI General 24-Aug-22
DESHRAK A.G.M.;General 24-Aug-22 YAMNINV General 24-Aug-22
FRANKLIN General 24-Aug-22 ADVIKCA A.G.M.;General 25-Aug-22
GTV General 24-Aug-22 AMANITRA General;Preferential Issue of shares 25-Aug-22
HOWARHO A.G.M. 24-Aug-22 BETXIND A.G.M.;General 25-Aug-22
JMDVL General 24-Aug-22 BPTEX General 25-Aug-22
KUMPFIN General 24-Aug-22 CCCL Quarterly Results 25-Aug-22
LAL Issue Of Warrants;General 24-Aug-22 CRAZYINF A.G.M.;Quarterly Results 25-Aug-22
MANGIND A.G.M. 24-Aug-22 DFM Voluntary Delisting of Shares 25-Aug-22
NAYSAA Right Issue of Equity Shares 24-Aug-22 DYNAMIND A.G.M. 25-Aug-22
NKIND General 24-Aug-22 EMERALD A.G.M.;General 25-Aug-22
OMANSH A.G.M.;General 24-Aug-22 FIRSTFIN General 25-Aug-22
PARLEIND General 24-Aug-22 HAZOOR A.G.M. 25-Aug-22
PARMCOS-B A.G.M.;General 24-Aug-22 HYPERSOFT General 25-Aug-22
PRESSURS General;Stock  Split 24-Aug-22 INFIBEAM Issue Of Warrants;General 25-Aug-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BAPACK 24-Aug-22 Final Dividend Rs.1.5 KOVAI 25-Aug-22 Dividend Rs. 3
COCHINM 24-Aug-22 Dividend Rs.1.5 KSCL 25-Aug-22 Int. Div. Rs.4
DHUNTEAIND 24-Aug-22 Final Dividend Rs.4 LICI 25-Aug-22 Dividend Rs. 1.5
GUFICBIO 24-Aug-22 Final Dividend Rs.0.1 MANGLMCEM 25-Aug-22 Dividend Rs.1.5
HEG 24-Aug-22 Final Dividend Rs.40 NIACL 25-Aug-22 Dividend Rs.0.3
HGS 24-Aug-22 Int. Div. PIIND 25-Aug-22 Final Dividend Rs.3
HLEGLAS 24-Aug-22 Dividend Rs.5 PNBGILTS 25-Aug-22 Final Dividend Rs.5
JYOTIRES 24-Aug-22 Dividend Rs.7.5 PRECWIRE 25-Aug-22 Final Dividend Rs.0.5
KANORICHEM 24-Aug-22 Dividend Rs.1 PRECWIRE 25-Aug-22 Int. Div. Rs.0.3
PREMCO 24-Aug-22 Int. Div. Rs.2 RAMRAT 25-Aug-22 Final Dividend Rs.5
SUPER 24-Aug-22 Final Dividend Rs. 10 SALZER 25-Aug-22 Dividend Rs.1.80
WEPSOLN 24-Aug-22 Final Dividend Rs.0.5 SILINV 25-Aug-22 Final Dividend Rs.2.5
CCL 25-Aug-22 Final Dividend Rs.2 SMLT 25-Aug-22 Final Dividend Rs.1
COASTCORP 25-Aug-22 Right Issue SYMPHONY 25-Aug-22 Final Dividend Rs.6
DEEPAKFERT 25-Aug-22 Dividend Rs.9 YAARI 25-Aug-22 Spin Off
EDELWEISS 25-Aug-22 Final Dividend Rs.1.2 LINC 26-Aug-22 Dividend Rs.1.80
GPIL 25-Aug-22 Final Dividend Rs.8.5 PANAMAPET 26-Aug-22 Final Dividend Rs.6
INDIGOPNTS 25-Aug-22 Final Dividend Rs.3 PDSL 26-Aug-22 Split Rs.10/- to Rs.2/-
KANPRPLA 25-Aug-22 Final Dividend Rs.1.2 PERMAGN 26-Aug-22 Final Dividend Rs.1.2
KOVAI 25-Aug-22 Spl Div. Rs.3 SUTLEJTEX 26-Aug-22 Final Dividend Rs.1.85

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