The NIFTY opened at 17525.45 with a gap down of 52 points. The index started moving upwards from its opening tick but failed to fill the gap and turned down. A sharp decline brought prices near 17550, found intraday support there, and bounced up after recording its intraday low at 17499.25. This time prices filled the gap but found resistance there. The index recorded its intraday high at 17623.65 turned down again but recovered towards the end of today’s trading session and finally closed at 17604.95 near its daily highs with a gain of 27.45 points or 0.16% up. REALTY, MEDIA outperformed today and closed with a gain of over 1.50 % followed by BANK and METAL which ended with a gain of over half percent. PHARMA, IT, and AUTO underperformed today and closed with minor loss. Prices may likely continue moving within these levels for the next few weeks. Yesterday, we closed our long position with gains so we should now wait for another setup to emerge. As of now, we should avoid trading the index. Fresh trade should emerge either on a dip towards 17400 or on a rally towards 17900 – 18000.


The BANK NIFTY opened at 38552.70 with a big gap down of 300 points. The index started moving upwards after recording its intraday low at the opening tick and filling the gap quickly. Prices again turned down but bounced up quickly. Another sharp decline came in the afternoon but prices again recovered and rallied for the rest of the day. The index recorded its intraday high at 39120.80 and finally closed at 39087.25 with a gain of 235 points. PVT BANKS have outperformed today and closed with a gain of 1.59%. PVT BANKS have also moved up today and ended with a gain of 0.49%. Within the index, in terms of points, ICICIBANK contributed the highest on the upside while SBIN contributed the lowest. It was again a trend day today in the Bank Index on the upside where prices have recorded their intraday low near the opening tick and intraday high near the closing tick. Another gap-down opening did not sustain and prices have rallied throughout the day with minor dips in between. The short-term trend is sideways. We now have 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.



VEDL 266.7 BUY The Stock has been in a up trend for a short term and then continuously consolidates within a range. Currently price trying to break towards the upside. So one should buy at 267.3 for the Target of 270.3 with the SL of 264.95.
HAL 2217.3 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 2201 with a stop loss of 2221 TGT 2169.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
               GAIL (SEP 29) 135 (CE) BUY 4.80 CMP 4.30 5.80 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RBLBANK.22.08 Aug 120.8 15.71 11.76 24800000 MPHASIS.22.08 Aug 2216.25 -2.44 15.49 1149225
CANFINHOME.2208Aug 636.8 6.81 28.26 1141725 INDIGO.22.08 Aug 1967 -2.11 11.49 1074300
ABB.22.08 Aug 3062.75 6.42 7.94 374000 SRF.22.08 Aug 2380.4 -1.62 19.35 2486250
BANDHANBNK2208Aug 296.95 5.71 2.75 14540400 ATUL.22.08 Aug 9122.55 -1.56 0.24 63150
ADANIENT.22.08 Aug 3156 4.08 6.04 8049000 TATASTEEL.22.08 Aug 106.2 -1.39 1.84 1.14E+08
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDFCFIRSTB.22.08 Aug 48.4 5.22 -3.92 94410000 LUPIN.22.08 Aug 676.3 -3.1 -3.87 3776550
NAUKRI.22.08 Aug 4448.75 4.5 -5.26 405625 HINDPETRO.22.08 Aug 236.75 -2.59 -1.44 7011900
SUNTV.22.08 Aug 508.4 4.35 -7.75 4035000 BALRAMCHIN.22.08 Aug 345.55 -2.21 -16.83 3201600
IDEA.22.08 Aug 9.2 3.95 -8.59 332360000 GUJGASLTD.22.08 Aug 481.25 -1.83 -3.79 1715000
SYNGENE.22.08 Aug 613.05 3.58 -3.66 1000000 HDFCAMC.22.08 Aug 2117.8 -1.8 -12.88 724500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Jk Cement Limited 2661.3 0.22 52445 0 82.41 Nifty50 17604.95 0.16 86559
United Breweries Limited 1618.3 -0.27 229687 0 71.28 Niftybank 39038.5 0.88 86559
Divi S Laboratories Limi 3496.65 -1.01 1864680 0 70.46 Nifty it 28859.85 -0.34 86559
Crompton Greaves Consume 389.3 0.36 1044522 0 70.14 India Vix 18.43 -3.25 86559
Oracle Fin Serv Soft Ltd 3242.7 -0.2 28565 0 68.63 Nifty Energy 27561.5 0.25 86556
Alkem 2937.2 0.11 100929 0 67.52 Nifty Fmcg 42999.7 0.14 86556
United Spirits Limited 775.8 1.06 3988498 0 65.12 Nifty Infrastructure 5078 0.43 86556
Atul Ltd. 9134.5 -1.13 49067 0 64.78 Nifty Auto 12913.35 -0.1 86556
Power Finance Corporatio 118.2 0.13 5852114 0 64.72 Nifty Metal 5830.05 0.71 86556
Hindustan Unilever Ltd 2588.25 -0.17 1242489 0 64.54 Nifty Financial Services 17987 0.5 86556


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

INR: GDP Quarterly (YoY) (Q1) on 31st August, 2022

 USD : GDP (QoQ) (Q2) on 25th August, 2022

USD : Fed Chair Powell Speaks on 26th August, 2022


  • India’s stock benchmarks advanced for the second day after swinging between gains and losses for most of the session, powered by banking, industrial and realty stocks. The Sensex gained over 50 points (0.09%) to reach 59,085.43. The 30-stock gauge traded in a narrow range between 58,760.09 and 59,170.87. The Nifty 50 rose 0.16% to 17,604.95.

  • Agribusiness company Godrej Agrovet has signed a memorandum of understanding (MoU) with Assam, Manipur and Tripura governments for the development and promotion of oil palm cultivation, The Hindu BusinessLine has reported.

  • The initial public offering (IPO) of DreamFolks Services, a dominant player in the airport lounge aggregation industry in India, got a good response from retail investors on August 24, the first day of bidding. Retail investors had bid 7.93 times the portion set aside for them. Bids had came in for 1.85 crore equity shares against an offer size of 94.83 lakh shares. The IPO had been subscribed 1.96 times, data available with exchanges show.

  • Retail Detailz India, an operational creditor to Future Enterprises Ltd., has filed a second insolvency petition against the debt-ridden firm, claiming a default of Rs 4.02 crore. “The company has received e-filing confirmation from NCLT with respect to the filing of an application by Operational Creditor Retail Detailz India Pvt. under Section 9 of the IBC for an alleged default amount of Rs 4.02 crore.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADVIKCA General;A.G.M. 25-Aug-22 RAGHUSYN General 25-Aug-22
AMANITRA Preferential Issue of shares;General 25-Aug-22 RCCEMEN General 25-Aug-22
BETXIND A.G.M.;General 25-Aug-22 SAICOM Bonus issue 25-Aug-22
BPTEX General 25-Aug-22 SBL General;A.G.M. 25-Aug-22
CCCL Quarterly Results 25-Aug-22 SCANSTL A.G.M. 25-Aug-22
CRAZYINF A.G.M.;Quarterly Results 25-Aug-22 SHUKRAPHAR Right Issue of Equity Shares;General 25-Aug-22
DFM Voluntary Delisting of Shares 25-Aug-22 SUNILTX A.G.M.;General 25-Aug-22
DYNAMIND A.G.M. 25-Aug-22 SWASTIVI Preferential Issue of shares 25-Aug-22
EMERALD General;A.G.M. 25-Aug-22 TEEAI Dividend 25-Aug-22
FIRSTFIN General 25-Aug-22 TVOLCON General 25-Aug-22
HAZOOR A.G.M. 25-Aug-22 VRL General;A.G.M.;Final Dividend 25-Aug-22
HYPERSOFT General 25-Aug-22 WEBELSOLAR Quarterly Results 25-Aug-22
INFIBEAM General;Issue Of Warrants 25-Aug-22 ZDHJERK A.G.M.;General 25-Aug-22
JHACC A.G.M.;General 25-Aug-22 ADESHWAR General;A.G.M. 26-Aug-22
JONJUA General 25-Aug-22 ADHBHUTIN General;Quarterly Results 26-Aug-22
MASTERTR General 25-Aug-22 AKSHAR General;A.G.M. 26-Aug-22
MEENST A.G.M.;General 25-Aug-22 ANSHNCO Bonus issue 26-Aug-22
NAYSAA Right Issue of Equity Shares 25-Aug-22 ARNOLD A.G.M. 26-Aug-22
POWERMECH Preferential Issue of shares 25-Aug-22 CHITRTX General 26-Aug-22
PRIMIND A.G.M. 25-Aug-22 CONTCHM General;A.G.M. 26-Aug-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BHATIA 25-Aug-22 Interim Dividend Rs. 0.05 RAMRAT 25-Aug-22 Final Dividend Rs. 5
CCL 25-Aug-22 Final Dividend Rs. 2 SALZER 25-Aug-22 Dividend Rs. 1.80
COASTCORP 25-Aug-22 Right Issue SILINV 25-Aug-22 Final Dividend Rs. 2.5
DEEPAKFERT 25-Aug-22 Dividend Rs. 9 SMLT 25-Aug-22 Final Dividend Rs. 1
EDELWEISS 25-Aug-22 Final Dividend Rs. 1.2 STL 25-Aug-22 Final Dividend Rs. 1
GPIL 25-Aug-22 Final Dividend Rs. 8.5 SYMPHONY 25-Aug-22 Final Dividend Rs. 6
HBPOR 25-Aug-22 Interim Dividend Rs. 0.80 TASTYBIT 25-Aug-22 Dividend Rs. 1
INDIGOPNTS 25-Aug-22 Final Dividend Rs. 3 UNIDT 25-Aug-22 Interim Dividend Rs. 0.60
KANPRPLA 25-Aug-22 Final Dividend Rs. 1.2 GRMOVER 26-Aug-22 Interim Dividend Rs. 0.20
KOVAI 25-Aug-22 Spl Div. Rs. 3 LINC 26-Aug-22 Dividend Rs. 1.80
KOVAI 25-Aug-22 Dividend Rs. 3 PANAMAPET 26-Aug-22 Final Dividend Rs. 6
KSCL 25-Aug-22 Int. Div. Rs. 4 PDSL 26-Aug-22 Split Rs. 10/- to Rs. 2/-
LICI 25-Aug-22 Dividend Rs. 1.5 PERMAGN 26-Aug-22 Final Dividend Rs. 1.2
MANGLMCEM 25-Aug-22 Dividend Rs. 1.5 SUTLEJTEX 26-Aug-22 Final Dividend Rs. 1.85
NIACL 25-Aug-22 Dividend Rs. 0.3 ALFAVIO 29-Aug-22 Split Rs. 10/- to Rs. 1/-
PIIND 25-Aug-22 Final Dividend Rs. 3 DATAINFRA 29-Aug-22 Income Distribution (InvIT)
PNBGILTS 25-Aug-22 Final Dividend Rs. 5 DATAPATTNS 29-Aug-22 Final Dividend Rs. 3.5
PRECWIRE 25-Aug-22 Final Dividend Rs. 0.5 ELNET 29-Aug-22 Final Dividend Rs. 2
PRECWIRE 25-Aug-22 Int. Div. Rs. 0.3 GUJTHEM 29-Aug-22 Final Dividend Rs. 4
RAMASTEEL 25-Aug-22 Split Rs. 5/- to Rs. 1/- INDIAGLYCO 29-Aug-22 Final Dividend Rs. 7.5

Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014

Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Disclosure Appendix
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited,
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
Research Excerpts
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit
Company-Specific Disclosures
Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting, or emailing with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail
Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at
Other Disclosures
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person.
Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, board member or employee of any company in the analyst’s area of coverage.
Country Specific Disclosures
India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website:
EWL discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
1. Reports
a) EWL or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
2. Compensation
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL