The NIFTY opened at 17188.65 with a big gap down of 370 points. The index recorded its intraday low at 17166.20 within the first five minutes of trading and then bounced up. Prices have seen a sharp intraday rally and went above 17300 with minor dips in between. The rally continued and prices recorded their intraday high at 17380.15. A deadline came afterwards but prices again saw some recovery towards the end of today’s trading session and finally closed at 17312.90 with a loss of 246 points or 1.40% down. All the sectoral indices have closed lower except the FMCG and OIL GAS. IT led the bears today and ended with a loss of 3.53% followed by the MEDIA which ended with a loss of 2.03%. The short-term trend is still sideways. It will be down if the index breaks today’s low in the coming days. We may see a relief rally so for tomorrow we are suggesting intraday trade. Look to buy above 17400 or above the first 15 minutes of high. Choose whichever is the highest. Keep a stop of 80 points and a target of 140 points from your entry price. Do not carry this trade for the next day.


The BANK NIFTY opened at 38111.60 with a big gap down of 925 points. For the first 5 minutes of trading, the index moved lower and recorded its intraday low at 37943.85. The index then bounced up and rallied sharply. Prices have recorded their intraday high at 38397.10 and then spent the rest of the day moving within a tight narrow range. The index finally closed at 38346.85 with a loss of 690 points. PVT and PSU BANKS both indices have performed almost today, saw a sharp decline, and closed lower by 0.86% & 1.63% respectively. Within the index, in terms of points, IDFC FlRST BANK contributed the highest on the upside while HDFC BANK contributed the lowest. Weak global markets triggered a big gap down opening in the BANK NIFTY. However, the index recovered some losses but still closed below 38500 with a loss of nearly 2%. The short-term trend is sideways. We have mentioned a support level of around 38000 in the BANK Index. Prices have bounced up from there. We may see some kind of relief rally here. We are recommending an intraday trade for tomorrow. Wait until till09:30 AM and then look for a buying opportunity either above the first 15 minutes of high or above 38400. Keep a stop of 210 points and a target of 380 points from your entry price. Do not carry this trade for the next day and close your position before the market closes.



MARUTI 8834.2 BUY The stock has taken support from the trend line in the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 8769 and a target of 8939.
SIEMENS 2847.85 SELL The stock is facing resistance at its top in the daily chart. The stock can be sold at 2834 with a stop loss of 2870 and a target of 2768.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DR REDDY 4300 CE BUY 86.75 CMP 75 110 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ESCORTS.22.09 Sep 1915 6.04 23.54 1991550 NAUKRI.22.09 Sep 4132.6 -7.55 28.4 1716000
INDIACEM.22.09 Sep 219.15 4.16 9.02 12649800 CUB.22.09 Sep 177.05 -5.14 15.4 8545000
COLPAL.22.09 Sep 1644.8 3.93 14.58 2857400 TECHM.22.09 Sep 1039 -4.76 10.14 18628200
IDFC.22.09 Sep 68.75 2.69 3.77 121290000 COFORGE.22.09 Sep 3403.95 -4.63 8.5 823650
BHEL.22.09 Sep 59.25 2.24 5.52 118702500 MINDTREE.22.09 Sep 3190 -4.58 3.92 2598000
                                                                        Short Covering                                                                       Long Unwinding
SYNGENE.22.09 Sep 605.85 1.16 -1.36 2110000 M&MFIN.22.09 Sep 200.5 -3.49 -0.57 23228000
LUPIN.22.09 Sep 664.1 1.1 -3.49 8686150 GNFC.22.09 Sep 723 -2.55 -0.5 4959500
ABBOTINDIA.22.09 Sep 18856.4 0.88 -0.47 33800 HINDALCO.22.09 Sep 432.4 -2.45 -2.32 22962000
MRF.22.09 Sep 84514.15 0.26 -0.23 61760 PEL.22.09 Sep 1942.15 -2.32 -27.85 1211100
ADANIENT.22.09 Sep 3166 0.22 -0.08 16902000 SBIN.22.09 Sep 515.8 -2.3 -0.89 49852500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2366 -1.28 2202446 0 73.1 Nifty50 17312.9 -1.4 85767
Power Finance Corporatio 118.6 -1.58 7728221 0 69.95 Niftybank 38276.7 -1.82 85767
Balkrishna Ind. Ltd 2009.65 -1.85 557397 0 68.27 Nifty it 27678.95 -3.53 85767
Indus Towers Limited 197.95 -1.42 1546480 0 67.7 India Vix 19.82 6.96 85767
Power Grid Corporation o 227.05 -1.48 5637760 0 65.53 Nifty Fmcg 42933.9 0.39 85767
Ultratech Cement Limited 6506.3 -0.17 366457 0 65.5 Nifty Pharma 12545.75 -0.28 85767
Upl Limited 750.45 -1.26 1406170 0 65.46 Nifty Realty 447.6 -1.36 85767
Oracle Fin Serv Soft Ltd 3154.15 -2.33 170257 0 65.11 Nifty Auto 12886.4 -0.33 85767
Asian Paints Limited 3343.25 0.59 1031166 0 64.43 Nifty Metal 5812.25 -1.53 85767
Navin Fluorine Internati 4223.5 0.12 108148 0 63.41 Nifty Financial Services 17631.7 -1.69 85767


   Domestic                                                                                                                                                  International
INR:  RBI Monetary and Credit Information Review on 31st August, 2022

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

 USD : JOLTs Job Openings (Jul) on 30th August, 2022

USD : CB Consumer Confidence (Aug) on 30th August, 2022


  • Benchmark indices ended lower on August 29 with Nifty below 17,350 amid selling across the sectors barring FMCG. At Close, the Sensex was down 861.25 points or 1.46% at 57,972.62, and the Nifty was down 246 points or 1.40% at 17,312.90. About 1414 shares have advanced, 1989 shares declined, and 205 shares are unchanged. Tech Mahindra, Infosys, Wipro, HCL Technologies and TCS were among the major Nifty losers. The gainers included Britannia Industries, Maruti Suzuki, Apollo Hospitals, Nestle India and Asian Paints.

  • RIL chairman Mukesh Ambani said that the company will launch 5G services in select metro cities by Diwali and aims for full pan-India 5G coverage by December 2023. The company aims to connect small businesses, mom and pop shops and other commercial ventures across the country for business using its 5G services to offer its digital solutions.

  • Tata Steel signed a Memorandum of Understanding (MoU) with the Government of Punjab for setting up a 0.75 MnTPA long products steel plant with a scrap-based electric arc furnace (EAF).

  • RITES has secured a new business order with JV partner, for redevelopment of Kollam Railway Station for Rs 361.18 crore from Southern Railway, Ernakulam, Kerala. The share of RITES in the order is 51%.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ACTIVE A.G.M. 30-Aug-22 HINDOILEXP General 30-Aug-22
AGARIND A.G.M. 30-Aug-22 IECEDU Quarterly Results;Audited Results 30-Aug-22
APOORVA General 30-Aug-22 INFORTEC General 30-Aug-22
BALTE General 30-Aug-22 INOXWIND General;Preferential Issue of shares 30-Aug-22
BRFL Quarterly Results 30-Aug-22 INTECH General 30-Aug-22
CEINSYSTECH General;A.G.M. 30-Aug-22 IWEL General;Preferential Issue of shares 30-Aug-22
CELESTIAL Quarterly Results 30-Aug-22 JAYATMA General;A.G.M. 30-Aug-22
CHOTHANI A.G.M. 30-Aug-22 JAYIND General;A.G.M. 30-Aug-22
DIDL A.G.M. 30-Aug-22 JYOTIN General;A.G.M. 30-Aug-22
DJSSS A.G.M. 30-Aug-22 KEEPLEARN General;Preferential Issue of shares 30-Aug-22
ELFORGE A.G.M. 30-Aug-22 KENFIN A.G.M. 30-Aug-22
ENBETRD A.G.M. 30-Aug-22 KESARPE General;A.G.M.;Audited Results 30-Aug-22
EVEXIA General 30-Aug-22 KINETICENG Preferential Issue of shares 30-Aug-22
FRUTION A.G.M. 30-Aug-22 LANCER A.G.M. 30-Aug-22
GANESHBE A.G.M. 30-Aug-22 LASTMILE A.G.M. 30-Aug-22
GETALONG A.G.M. 30-Aug-22 MAAJTL A.G.M. 30-Aug-22
GNRL A.G.M.;General 30-Aug-22 MADHUVEER General;A.G.M. 30-Aug-22
GREENCREST Stock  Split;General 30-Aug-22 MARG Audited Results 30-Aug-22
GYTRIPA A.G.M. 30-Aug-22 MCDHOLDING Audited Results 30-Aug-22
HALDER General;Final Dividend 30-Aug-22 MICROSE A.G.M.;General 30-Aug-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AARTECH 30-Aug-22 Dividend Rs. 0.50 PILANIINVS 01-Sep-22 Dividend Rs. 15
BENARAS 30-Aug-22 Final Dividend Rs. 10 RPIL 01-Sep-22 Split Rs. 10/- to Rs. 1/-
BENGALASM 30-Aug-22 Final Dividend Rs. 15 SOTL 01-Sep-22 Split Rs. 10/- to Rs. 2/-
BNALTD 30-Aug-22 Final Dividend Rs. 2 SUPERSHAKT 01-Sep-22 Final Dividend Rs. 1
GENUSPOWER 30-Aug-22 Dividend Rs. 0.25 SUPRIYA 01-Sep-22 Final Dividend Rs. 0.60
HEIDELBERG 30-Aug-22 Dividend Rs. 9 SURAJ 01-Sep-22 Final Dividend Rs. 1.1
JK AGRI 30-Aug-22 Dividend Rs. 1.5 SURYAROSNI 01-Sep-22 Dividend Rs. 4
KAKATCEM 30-Aug-22 Dividend Rs. 3 UGARSUGAR 01-Sep-22 Final Dividend Rs. 0.25
LAMBODHARA 30-Aug-22 Dividend Rs. 1.5 YAARI 01-Sep-22 Spin Off
MANYAVAR 30-Aug-22 Final Dividend Rs. 5 AIAENG 02-Sep-22 Dividend Rs. 9
TAMBOLI 30-Aug-22 Dividend Rs. 1 ANURAS 02-Sep-22 Final Dividend Rs. 1
BANARISUG 01-Sep-22 Dividend Rs. 10 APLAPOLLO 02-Sep-22 Final Dividend Rs. 3.5
GGL 01-Sep-22 Right Issue of Equity Shares ENGINERSIN 02-Sep-22 Final Dividend Rs. 1
GSPL 01-Sep-22 Dividend Rs. 2 GROVY 02-Sep-22 Final Dividend Rs. 0.1
INDIAMART 01-Sep-22 Final Dividend Rs. 2 INDOAMIN 02-Sep-22 Final Dividend Rs. 0.5
JOINDRE 01-Sep-22 Dividend Rs. 1.25 NIKHILAD 02-Sep-22 Final Dividend Rs. 2
KANCHI 01-Sep-22 Dividend Rs. 2.5 QGO 02-Sep-22 Interim Dividend Rs. 0.10
LAKSHMIMIL 01-Sep-22 Final Dividend Rs. 25 SHIVTEX 02-Sep-22 Dividend Rs. 1.40
NBCC 01-Sep-22 Final Dividend Rs. 0.5 TVSSRICHAK 02-Sep-22 Dividend Rs. 16.30
PFC 01-Sep-22 Int. Div. Rs. 2.25 BHARATRAS 05-Sep-22 Final Dividend Rs. 1.5

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