The NIFTY opened at 17485.70 with a big gap down of 274 points. The index found support around 17500 and bounced up. Prices have rallied but failed to fill the gap. Prices have recorded its intraday high at 17695.60 and moved down after facing strong resistance there. A decline broke the early morning low and the index recorded its intraday low at 17468.45. The index has seen some recovery in the last one and half hours of trading and finally closed at 17542.80 with a loss of 216.50 points or 1.22% down. IT and OIL GAS led the bears today and ended with a loss of 1.98% & 1.82% respectively. REALTY outperformed today and ended with gains followed by AUTO which ended with a gain of 0.37%. Resistance comes around 17700 while short-term support is visible around 17400 and strong support is visible around 17200. The index is going through a process of consolidation. Fresh trades will emerge either on a close above 17700 or on a close below 17400. As of now, we should wait for an adequate setup to emerge again. We will plan our trades accordingly.


The BANK NIFTY opened at 38806.70 with a big gap down of 714 points. The index recorded its intraday low almost at the opening tick and bounced up. Prices have recovered all the losses due to a down gap and moved into positive territory. However, the rally could not sustain long and prices again drifted downwards after recording their intraday high at 39667.65. Prices moved down sharply and came close to their opening tick and then saw some recovery in the late hour of trading and finally closed at 39345.80 with a loss of 175 points. PSU BANKS have outperformed today and closed with a gain of 0.71%. PVT BANKS have underperformed today and closed with a loss of 0.66%. Within the index, in terms of points, SBIN contributed the highest on the upside while ICICIBANK contributed the lowest. BANK NIFTY moved very volatile during the day and closed above 39000. A wide trading range is now clearly visible on the daily timeframe chart with support around 38000 and resistance around 39800. We do not have an adequate setup that could suggest us a trading opportunity. As of now, we should step aside and avoid trading the index due to high volatility.


INFY 1464.2 BUY The stock has taken support at the lower level and then bounces. The stock can be bought at 1467 with a stop loss of 1456.5 and a target of 1485.4.
LAL PATH LAB 2476.90 SELL The stock has taken resistance and facing supply at the current level, One should be sell at 2460 for the target of 2395 with sl of 2502


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Infy 1480 CE BUY 38.50 CMP 33.60 48 REVERSAL
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GMRINFRA.22.09 Sep 38.7 7.05 6.1 1.28E+08 ZEEL.22.09 Sep 242.55 -4.99 9.33 97134000
TATACOMM.22.09 Sep 1272.65 5.54 6.72 3010500 PEL.22.09 Sep 1032.75 -3.64 5.63 6032125
ASHOKLEY.22.09 Sep 163.05 5.19 17.51 55220000 HINDALCO.22.09 Sep 424.85 -3.49 14.97 25830100
SRF.22.09 Sep 2678.1 4.98 6.9 3437250 NATIONALUM.22.09 Sep 76.7 -3.46 9.8 58879500
ASTRAL.22.09 Sep 2186.95 4.67 6.71 721875 PERSISTENT.22.09 Sep 3431 -3.15 10.31 510450
                                                                        Short Covering                                                                       Long Unwinding
GUJGASLTD.22.09 Sep 480.25 2.31 -8.87 4457500 IBULHSGFIN.22.09 Sep 134.55 -2.15 -2.28 36112000
ESCORTS.22.09 Sep 2016.2 1.83 -8.78 1577950 RAIN.22.09 Sep 197.85 -1.69 -1.02 10524500
INTELLECT.22.09 Sep 606.25 1.74 -1.39 1861500 SRTRANSFIN.22.09 Sep 1335.35 -1.54 -0.38 3468600
FEDERALBNK.22.09 Sep 119.1 1.19 -1.01 89360000 CROMPTON.22.09 Sep 405.6 -1.1 -0.47 5119500
APOLLOTYRE.22.09 Sep 253.9 0.49 -2.03 12484500 PAGEIND.22.09 Sep 50888 -0.94 -0.03 94215


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Oracle Fin Serv Soft Ltd 3104.05 -2.08 111906 0 77.56 Nifty50 17542.8 -1.22 80286
Godrej Cons Products Ltd 922.5 -0.19 967020 0 75.57 Niftybank 39301.25 -0.6 80286
Tata Consumer Products l 838.4 3.55 6228307 0 73.82 Nifty it 27846.8 -1.98 80286
Cummins India Limited 1222.5 2.51 825029 0 73.11 India Vix 19.87 7.25 80286
Power Finance Corporatio 117.45 -1.8 5303710 0 73.05 Nifty Fmcg 43497.35 -0.74 80283
Au Small Finance Bank Li 648 2.22 2108773 0 72.97 Nifty Pharma 12555 -1.14 80283
Nestleind 19732.95 -0.97 79062 0 72.93 Nifty Realty 468.2 1.08 80283
Siemens Ltd 2920.85 1.29 876368 0 72.43 Nifty Auto 13266.15 0.37 80280
Rec Limited 107.4 -1.24 6817616 0 70.51 Nifty Metal 5878.95 -0.94 80280
Hero Motocorp Limited 2876.65 1.37 838699 0 69.73 Nifty Financial Services 18056 -0.98 80277


   Domestic                                                                                                                                                  International
INR:  Trade Balance on 02nd September, 2022

INR: Nikkei Services PMI (Aug) on 05th September, 2022

 USD : Nonfarm Payrolls (Aug) on 02nd September, 2022

USD : Unemployment Rate (Aug) on 02nd September, 2022


  • Sensex, Nifty Lose Over 1% Dragged By Energy, I.T., Metal Stocks. India’s stock benchmarks declined, dragged by losses in energy, information technology and metal stocks. The decline comes amid selloff across global markets amid hawkish comments from central bankers, lockdown in China. The fall in energy and oil & gas stocks followed government’s decision to hike windfall tax on diesel, crude and ATF exports.

  • The proposed merger between Zee Entertainment Enterprises Ltd. and Sony Group Corp.’s India unit is unlikely to be called off due to the notice issued by the Competition Commission of India. That’s according to Karan Taurani, senior vice president at Elara Capital. “The CCI (notice) is more of an enquiry,” Taurani told BQ Prime’s Niraj Shah. “I don’t think the merger will be called off.”

  • India’s monthly good and services tax revenue remained above Rs 1.4 lakh crore for the sixth month in a row on account of better compliance. GST revenue for July, collected in August, stood at Rs 1,43,612 crore, according to a finance ministry statement. That’s a 28% jump over the year-ago period.

  • India’s urban unemployment rate fell to 7.6 percent in April-June, the lowest in over four years, from 8.2 percent in the first quarter of 2022, according to data released by the Ministry of Statistics and Programme Implementation on August 31.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADJIA A.G.M. 02-Sep-22 GCMSECU General 02-Sep-22
AFEL A.G.M.;Audited Results;General 02-Sep-22 GCSL A.G.M.;Bonus issue;Increase in Authorised Capital;General 02-Sep-22
AMARNATH A.G.M.;General 02-Sep-22 GILADAFINS A.G.M.;General 02-Sep-22
AMS A.G.M. 02-Sep-22 GMRINFRA General 02-Sep-22
ARENTERP General 02-Sep-22 GUJHYSPIN A.G.M. 02-Sep-22
ASHIS General 02-Sep-22 GVFILM A.G.M. 02-Sep-22
BERLDRG A.G.M. 02-Sep-22 HFCL General 02-Sep-22
BERYLSE A.G.M. 02-Sep-22 HFIL Increase in Authorised Capital;General 02-Sep-22
BESTAGRO A.G.M.;General 02-Sep-22 INOVSYNTH General 02-Sep-22
BRAHMINFRA General 02-Sep-22 INTEGHIT A.G.M. 02-Sep-22
CELESTIAL Audited Results;Quarterly Results 02-Sep-22 JHS Preferential Issue of shares 02-Sep-22
CHDCHEM General 02-Sep-22 KABRADG General 02-Sep-22
DAVANGERE A.G.M. 02-Sep-22 LEGACY A.G.M. 02-Sep-22
DEVIT A.G.M.;General 02-Sep-22 LESHAIND A.G.M.;General 02-Sep-22
DLTNCBL A.G.M.;General 02-Sep-22 MHEL Audited Results 02-Sep-22
FRONTCORP General 02-Sep-22 MINID A.G.M.;General 02-Sep-22
FUNNY A.G.M. 02-Sep-22 MISHKA A.G.M. 02-Sep-22
GBFL A.G.M.;General 02-Sep-22 MODULEX Audited Results;Quarterly Results 02-Sep-22
GBGLOBAL A.G.M.;General 02-Sep-22 MOLDTEK A.G.M.;General 02-Sep-22
GCMCOMM General 02-Sep-22 MOLDTKPAC A.G.M.;General 02-Sep-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AIAENG 02-Sep-22 Dividend Rs. 9 DHARAMSI 06-Sep-22 Final Dividend Rs. 1
ANURAS 02-Sep-22 Final Dividend Rs. 1 DRAGARWQ 06-Sep-22 Final Dividend Rs. 3
APLAPOLLO 02-Sep-22 Final Dividend Rs. 3.5 ESCORP 06-Sep-22 Bonus issue 2:3
ENGINERSIN 02-Sep-22 Final Dividend Rs. 1 GAIL 06-Sep-22 Bonus issue 1:2
GROVY 02-Sep-22 Final Dividend Rs. 0.1 HALDYNGL 06-Sep-22 Dividend Rs. 0.60
INDOAMIN 02-Sep-22 Final Dividend Rs. 0.5 KAMDHENU 06-Sep-22 Spin Off
JOINDRE 02-Sep-22 Dividend Rs. 1.25 VINATIORGA 06-Sep-22 Dividend Rs. 6.50
NIKHILAD 02-Sep-22 Final Dividend Rs. 2 VIPULORG 06-Sep-22 Final Dividend Rs. 0.90
QGO 02-Sep-22 Int. Div.Rs. 0.10 ACRYSIL 07-Sep-22 Final Dividend Rs. 1.2
SHIVTEX 02-Sep-22 Dividend Rs. 1.40 ASAHIINDIA 07-Sep-22 Dividend Rs. 2
TVSSRICHAK 02-Sep-22 Dividend Rs. 16.30 CHEMFABALKA 07-Sep-22 Dividend Rs. 1.25
BHARATRAS 05-Sep-22 Final Dividend Rs. 1.5 DIANATEA 07-Sep-22 Dividend Rs. 0.5
EMMBI 05-Sep-22 Dividend Rs. 0.60 JINDRILL 07-Sep-22 Dividend Rs. 0.50
GARFIBRES 05-Sep-22 Final Dividend Rs. 7 KLRFM 07-Sep-22 Dividend Rs. 1.80
ISFT 05-Sep-22 Final Dividend Rs. 1 MAHSEAMLES 07-Sep-22 Dividend Rs. 5
MANGCHEFER 05-Sep-22 Dividend Rs. 1.20 METROGLOBL 07-Sep-22 Dividend Rs. 2
NATPEROX 05-Sep-22 Dividend Rs. 5 NIRLON 07-Sep-22 Final Dividend Rs. 11
TRANSPEK 05-Sep-22 Dividend Rs. 22.5 NRBBEARING 07-Sep-22 Final Dividend Rs. 2
YUKEN 05-Sep-22 Final Dividend Rs. 0.80 RAINBOW 07-Sep-22 Final Dividend Rs. 2
BANCOINDIA 06-Sep-22 Dividend Rs. 20 APCL 08-Sep-22 Final Dividend Rs. 3

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