The NIFTY opened at 17598.40 with a gap up of 56 points. The index initially moved down after recording its intraday high at 17643.85 and filled the gap easily. Prices have moved further on the downside and recorded its intraday low at 17476.45. The index found support there and bounced up. A rally started which brought back prices into positive territory. The rally could not surpass the early morning highs and saw a decline again towards the end of today’s trading session and the index finally closed at 17539.45 almost yesterday’s closing price with a loss of 3.35 points or 0.02% up. FINANCIAL and MEDIA outperformed today and ended with gains of 0.50%. OIL GAS underperformed today and finished with a loss of 1.03% followed by PHARMA, IT, and AUTO. The index is going through a process of consolidation. This is normal as we have seen a sharp surge of more than 2500 points in July and August 2022. On the weekly time frame chart, the index recorded a wide range of weeks. This could result in a narrow and choppy price movement for the coming week. We are also expecting that the index may spend a few weeks within a consolidation. Fresh trades will emerge either on a close above 17700 or on a close below 17400.


The BANK NIFTY opened at 39422.30 with a gap up of just 77 points. The index recorded its intraday high at 39595.85 just after the open and then moved down sharply for the first 30 minutes of trading. Prices have recorded its intraday low at 39200.45 and then spent the rest of the day moving within these mentioned levels. The index finally closed at 39384.05 with a gain of just 39 points. PVT BANKS have outperformed today and closed with a gain of 0.17%. PSU BANKS have underperformed today and closed with a loss of 0.67%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. On a weekly time frame, it was a wide range week where prices opened at the lower side and closed near the higher side, and ended with some gains. After such a large range week, we may see a choppy and narrow range week. The short-term trend is sideways but the bias is mildly bullish. As of now, we do not have an adequate setup that could suggest a trade. For the time being, we should step aside and avoid trading the index.


BALRAMPUR CHINI 361.05 BUY The stock has taken support at the lower level and then bounces. The stock can be bought at 361 with a stop loss of 358.40 and a target of 366.
PFC 115.90 SELL The stock has taken resistance and breakdown towards the downside, One should be sold at CMP for the target of 114.50 with SL of 116.60


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
PFC 115 PE BUY 2.60 CMP 2.35 3.05 BREAKDOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ASTRAL.22.09 Sep 2315.35 6.03 20.78 795850 COROMANDEL.22.09 Sep 1049.9 -3.49 11.95 1285200
INDIAMART.22.09 Sep 4772.85 5.87 23.54 420300 HINDPETRO.22.09 Sep 239.05 -3.36 4.28 18570600
SUNTV.22.09 Sep 520.85 3.54 4.35 10729500 BPCL.22.09 Sep 323.25 -2.71 1.84 14272200
HAL.22.09 Sep 2382.45 2.81 2.27 3108875 CROMPTON.22.09 Sep 396.3 -2.26 0.53 5094000
UBL.22.09 Sep 1709.7 2.59 12.42 1227200 SAIL.22.09 Sep 79.4 -2.22 0.89 104388000
                                                                        Short Covering                                                                       Long Unwinding
ADANIENT.22.09 Sep 3365.9 3.46 -0.61 16783000 CONCOR.22.09 Sep 673.65 -2.95 -0.48 5166000
ESCORTS.22.09 Sep 2073.45 2.79 -1.18 1520750 VEDL.22.09 Sep 257.75 -2.39 -0.16 38413650
GMRINFRA.22.09 Sep 39.6 2.46 -3.88 120285000 SRF.22.09 Sep 2610.15 -2.38 -3.28 3145125
HDFC.22.09 Sep 2449.25 1.49 -2.74 17800200 IDEA.22.09 Sep 9 -2.17 -0.36 609000000
LALPATHLAB.22.09 Sep 2404 1.16 -1 1113000 JINDALSTEL.22.09 Sep 417.25 -2.03 -1.95 28390000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Rec Limited 107.15 -0.23 3236786 2218655 79.9 Nifty50 17539.45 -0.02 33071916
Ambuja Cements Ltd 415.6 1.42 8068140 4061704 76.05 Niftybank 39421 0.3 14732376
Infosys Limited 1453 -0.76 5175653 3067071 72.31 Nifty it 27745.8 -0.36 850989
Power Grid Corporation o 224.2 -0.84 5172928 3666058 71.3 India Vix 19.55 5.5 2.94E+08
Voltas Ltd. 971.5 -0.86 887624 469761 69.8 Nifty Fmcg 43666.55 0.39 485866
Icici Prudential Life In 592.9 -0.07 1395603 534240 68.88 Nifty Pharma 12506.15 -0.39 46295606
Tech Mahindra Limited 1056.4 0.33 1645341 577269 68.78 Nifty Realty 467.35 -0.18 1.24E+09
Hcl Technologies Ltd. 924.45 -0.17 1750283 919612 68.19 Nifty Auto 13220.65 -0.34 43771930
Hindustan Unilever Ltd 2603.6 -0.09 937600 545777 65.85 Nifty Metal 5887.7 0.15 98467730
Petronet Lng Limited 216.5 -1.41 696288 283156 65.65 Nifty Financial Services 18147.25 0.51 3960148


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

INR: CPI (YoY) (Aug) on 12th September, 2022

 USD : ISM Non-Manufacturing PMI (Aug) on 05th September, 2022

USD : CPI (MoM) (Aug) on 13th September, 2022


  • India’s stock benchmarks closed a volatile session little changed, as gains in capital goods, industrials stocks were offset by losses in energy, oil and gas, metal stocks, ahead of the crucial U.S. jobs report scheduled later in the day. Nifty Realty is the top sectoral gainer while Nifty IT index fell the most this week.

  • The Reserve Bank of India is holding consultations with US fintech company FIS and is said to have asked four public sector banks in India to run a pilot Central Bank Digital Currency (CBDC) project ahead of a possible rollout in this financial year. The RBI is working on phased implementation of CBDC in both the wholesale and retail segments, RBI ED Ajay Kumar Choudhary said in July.

  • Reserve Bank of India (RBI) Governor Shaktikanta Das said inflation is likely to go down in the coming months in India and the impact of high inflation is past its peak. “Inflation has become a global phenomenon. The globalisation of inflation has happened now,” Das said in an interview with Zee Business on September 2.

  • IndusInd Bank has inked a pact with the Asian Development Bank for a partial guarantee programme with an initial outlay of Rs 560 crore for supply chain financing. The bank has entered into a partial guarantee programme with ADB with an initial outlay of USD 70 million (Rs 560 crore), exclusively towards promoting supply chain finance solutions in India, IndusInd Bank said in a release on Friday.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ACESOFT A.G.M. 05-Sep-22 HANMAN A.G.M. 05-Sep-22
ALFAVIO A.G.M.;Dividend;General 05-Sep-22 HARDWYN Amalgamation 05-Sep-22
ANG A.G.M.;General 05-Sep-22 HARISH A.G.M.;Issue Of Warrants;General;Preferential Issue of shares 05-Sep-22
ARIHANT General 05-Sep-22 HITTCO A.G.M. 05-Sep-22
ATAM A.G.M.;Final Dividend 05-Sep-22 INDOSOLAR Audited Results;General 05-Sep-22
BALGOPAL A.G.M. 05-Sep-22 INDRANIB A.G.M. 05-Sep-22
BRANDBUCKT A.G.M. 05-Sep-22 INNOVTEC General 05-Sep-22
CANOPYFIN A.G.M. 05-Sep-22 JAINCO A.G.M. 05-Sep-22
COMSYN A.G.M.;Final Dividend;General 05-Sep-22 JAINMARMO A.G.M. 05-Sep-22
CONTPTR A.G.M.;General 05-Sep-22 JANUSCORP A.G.M. 05-Sep-22
COVIDH A.G.M. 05-Sep-22 JAUSPOL General 05-Sep-22
DOLPHMED A.G.M.;General 05-Sep-22 JINDCOT A.G.M. 05-Sep-22
DSSL A.G.M.;General 05-Sep-22 KSERASERA A.G.M. 05-Sep-22
EASTWEST A.G.M.;General 05-Sep-22 LYKALABS General 05-Sep-22
FEDDERELEC Audited Results;Quarterly Results 05-Sep-22 MAHALXSE General 05-Sep-22
FOCUS A.G.M. 05-Sep-22 MEWATZI General;Preferential Issue of shares 05-Sep-22
GANHOLD A.G.M.;General 05-Sep-22 MFLINDIA A.G.M. 05-Sep-22
GISOLUTION General 05-Sep-22 MRP A.G.M. 05-Sep-22
GOBLIN General 05-Sep-22 MTCL A.G.M. 05-Sep-22
GRADIENTE A.G.M.;General 05-Sep-22 MTPL A.G.M.;Audited Results 05-Sep-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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
DHARAMSI 06-Sep-22 Final Dividend Rs. 1 APOLLO 08-Sep-22 Final Dividend Rs. 0.25
DRAGARWQ 06-Sep-22 Final Dividend Rs. 3 ASHIANA 08-Sep-22 Final Dividend Rs. 0.5
ESCORP 06-Sep-22 Bonus issue 2:3 BAJAJST 08-Sep-22 Dividend Rs. 2
GAIL 06-Sep-22 Bonus issue 1:2 BELLACASA 08-Sep-22 Final Dividend Rs. 0.91
HALDYNGL 06-Sep-22 Dividend Rs. 0.60 BEML 08-Sep-22 Spin Off
KAMDHENU 06-Sep-22 Spin Off DECCANCE 08-Sep-22 Final Dividend Rs. 5
VINATIORGA 06-Sep-22 Dividend Rs. 6.50 DEEPIND 08-Sep-22 Final Dividend Rs. 1.85
VIPULORG 06-Sep-22 Final Dividend Rs. 0.90 ELECTCAST 08-Sep-22 Final Dividend Rs. 0.80
ACRYSIL 07-Sep-22 Final Dividend Rs. 1.2 GULFOILLUB 08-Sep-22 Dividend Rs. 5
ASAHIINDIA 07-Sep-22 Dividend Rs. 2 IRCON 08-Sep-22 Final Dividend Rs. 0.65
CHEMFABALKA 07-Sep-22 Dividend Rs. 1.25 JKIL 08-Sep-22 Dividend Rs. 3

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