The NIFTY opened at 17546.45 with a gap up of just 7 points. The index initially moved up sharply for the first 5 minutes of trading after recording its intraday low at 17540.35. Prices then lost momentum but kept on rising at a slower pace. The index recorded its intraday high at 17683.15 and then started moving sideways and narrowly. The index remained in a tight narrow range till the closing time and finally closed at 17665.80 near its daily highs with a gain of 126.35 points or 0.72% up. All the sectoral indices have participated on the higher side and closed with some gains. MEDIA led the bulls today by ending 2.75% higher followed by METAL which ended 1.67% higher. 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 timeframe 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 39412.05 with a gap up of just 28 points. The index recorded its intraday low at 39407.40 just after the open and then moved sharply on the upside for the first 5 minutes of trading. Prices have kept on rising at a slower pace and recorded their intraday high at 39865.20. The index moved sideways and narrow afterwards and finally closed at 39754.54with a gain of 370 points. PVT BANKS and PSU BANKS both have performed almost the same today, saw an upside move, and closed with a gain of 1.12%& 0.95% respectively. Within the index, in terms of points, ICICIBANK contributed the highest on the upside followed by HDFC BANK. BANK NIFTY started the week with some gains and closed higher by almost 1%. We have mentioned a trading range inside the 38000 – 39800 zone. The range remained intact and prices are now trading near the upper range. The short-term trend is sideways but the biases are 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. Fresh trading opportunities will emerge if the index breaks and close above 39800 resistance or saw a sharp dip to Nards 38000 support levels. As far as prices are moving within these boundaries, we should shift our focus to intraday only.


RELIANCE 2569.8 BUY The stock has taken support at the lower level and then bounces. The stock can be bought at 2576.55 with a stop loss of 2560 and a target of 2601.
GSPL 233.7 SELL The stock has breakdown its trend line towards the downside, One should be sold at CMP for the target of 230.45 with SL of 235.15.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HDFC 2500 CE BUY 36.70 CMP 28 55 BREAKDOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
EXIDEIND.22.09 Sep 173.5 8.3 30.59 29124000 LALPATHLAB.22.09 Sep 2333.5 -2.93 2.81 1144250
AMARAJABAT.2209Sep 543 6.26 14.36 6922000 SYNGENE.22.09 Sep 573.05 -2.84 15.75 2734000
IDFCFIRSTB.22.09 Sep 51.2 4.92 8.51 157785000 ESCORTS.22.09 Sep 2016 -2.77 2.57 1559800
INDHOTEL.22.09 Sep 311.8 4.72 6.23 23440216 ABB.22.09 Sep 3307.05 -2.07 8.98 1223000
IDEA.22.09 Sep 9.4 4.44 0.68 613130000 GODREJCP.22.09 Sep 899.45 -2.06 2.34 6474000
                                                                        Short Covering                                                                       Long Unwinding
HINDALCO.22.09 Sep 429.25 3.23 -3.13 24979775 INDIAMART.22.09 Sep 4667 -2.22 -2.36 410400
NATIONALUM2209Sep 78.2 2.96 -0.84 59466000 HONAUT.22.09 Sep 42110.8 -0.74 -2.61 11205
JINDALSTEL.22.09 Sep 424.4 1.71 -0.84 28151250 IRCTC.22.09 Sep 711.45 -0.31 -0.46 12247375
NTPC.22.09 Sep 165.1 1.63 -1.18 97606800 MOTHERSON.22.09 Sep 126.1 -0.04 -0.25 44073000
HINDCOPPER.22.09Sep 116.7 1.61 -0.23 18614700


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Acc Limited 2288.15 -0.08 245656 0 81.21 Nifty50 17665.8 0.72 89916
Honeywell Auto India Ltd 41954.05 -0.59 3718 0 80.43 Niftybank 39805.75 0.98 89916
Persistent 3402.3 -0.36 194167 0 72.5 Nifty it 27836.6 0.33 89916
Bajaj Auto Limited 3956.65 -1.84 799837 0 72.46 India Vix 19.66 0.58 89916
Atul Ltd. 9195.55 -0.28 21535 0 72.35 Nifty Fmcg 43755.85 0.2 89913
Power Grid Corporation o 223.4 -0.36 13541606 0 70.87 Nifty Pharma 12565.55 0.47 89913
Torrent Pharma Ltd. 1520.75 0.06 139400 0 70.4 Nifty Realty 471.5 0.89 89913
Dabur India Ltd. 570.1 -0.11 686752 0 69.92 Nifty Auto 13246.1 0.19 89913
Rec Limited 106.25 -0.84 3723607 0 68.55 Nifty Metal 5985.75 1.67 89913
Cipla Ltd 1025.65 0.99 1275368 0 62.68 Nifty Financial Services 18264.9 0.65 89913


   Domestic                                                                                                                                                  International
INR: Bank Loan Growth on 09th September, 2022

INR: FX Reserves, USD on 09th September, 2022

 USD : ISM Non-Manufacturing PMI (Aug) on 06th September, 2022

USD : FOMC Member Mester Speaks on 07th September, 2022


  • India’s stock benchmarks rose, aided by gains in metal, banking, realty stocks and extended gains for the second day in a row. The Sensex added 443 points (0.75%) to 59,245.98. The 30-stock gauge rose over 500 points during the session. The Nifty 50 also gained 0.7% to 17,665.80. On Monday, 36 of Nifty 50 stocks rose while 14 fell. Hindalco, JSW Steel, NTPC, ITC, Sun Pharma, RIL, L&T were among the top gainers.

  • Hero MotoCorp-backed Ather Energy is gearing up for its biggest ever fundraising round as the leading electric scooter maker is now looking to mop up as much as $200 million to $250 million and take on rivals like Ola Electric, Hero Electric, Okinawa Autotech and TVS Motors, multiple industry sources with knowledge of the matter told Moneycontrol.

  • Shares of One 97 Communications Ltd., the operator of digital payments platform Paytm, declined after the Enforcement Directorate conducted searches at premises of several payment firms in Bengaluru. Search operations were carried out on Sept. 2 in connection with Chinese loans app case, according to a press release by the investing agency.

  • Oil surged on the possibility that OPEC+ may decide to trim production, and as Europe’s energy crisis worsened after the Group-of-Seven nations endorsed a plan to try to cap the price of Russian crude. West Texas Intermediate advanced above $88 a barrel after sinking by almost 7% last week on concerns that slowing global growth and anti-virus lockdowns in China would hurt demand.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ANTARIKSH A.G.M.;General 06-Sep-22 NAGARFERT Quarterly Results 06-Sep-22
ARAMBHAN A.G.M.;Audited Results;Half Yearly Results;General 06-Sep-22 ORIENTTR Issue Of Warrants;General 06-Sep-22
ARHNTTO A.G.M.;General 06-Sep-22 PFIZER Interim Dividend 06-Sep-22
ARNOLD General 06-Sep-22 PRUDMOULI A.G.M. 06-Sep-22
CLIOINFO A.G.M.;General 06-Sep-22 RADHIKAJWE Interim Dividend 06-Sep-22
CONFIPET A.G.M.;Issue Of Warrants;General;Preferential Issue of shares 06-Sep-22 RANJEET A.G.M.;Issue Of Warrants 06-Sep-22
DML A.G.M.;General 06-Sep-22 RATHIBAR A.G.M. 06-Sep-22
DUCON General 06-Sep-22 SAMOR A.G.M.;Issue Of Warrants 06-Sep-22
DUKEOFS General;A.G.M. 06-Sep-22 SIROHIA General 06-Sep-22
ESARIND Increase in Authorised Capital;General;Preferential Issue of shares;A.G.M. 06-Sep-22 STDSFAC General 06-Sep-22
GENNEX General;A.G.M. 06-Sep-22 STRLGUA A.G.M.;General 06-Sep-22
GGL A.G.M. 06-Sep-22 SUPRAP General 06-Sep-22
GLOBALCA A.G.M. 06-Sep-22 SVPHOUSING A.G.M. 06-Sep-22
HKG General 06-Sep-22 TELECANOR A.G.M. 06-Sep-22
JAYANT Audited Results 06-Sep-22 VCU A.G.M.;General 06-Sep-22
KAARYAFSL A.G.M.;Bonus issue;General 06-Sep-22 VELJAN A.G.M. 06-Sep-22
KMSMEDI A.G.M. 06-Sep-22 VENMAX A.G.M. 06-Sep-22
LOOKS A.G.M.;General 06-Sep-22 VIRAT General 06-Sep-22
LOYAL A.G.M. 06-Sep-22 VJTFEDU A.G.M.;General 06-Sep-22
MAHASTEEL A.G.M. 06-Sep-22 WWALUM A.G.M.;Audited Results;General 06-Sep-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BANCOINDIA 06-Sep-22 Dividend Rs. 20 NRBBEARING 07-Sep-22 Final Dividend Rs. 2
DHARAMSI 06-Sep-22 Final Dividend Rs. 1 RAINBOW 07-Sep-22 Final Dividend Rs. 2
DRAGARWQ 06-Sep-22 Final Dividend Rs. 3 APCL 08-Sep-22 Final Dividend Rs. 3
ESCORP 06-Sep-22 Bonus issue 2:3 APOLLO 08-Sep-22 Final Dividend Rs. 0.25
GAIL 06-Sep-22 Bonus issue 1:2 ASHIANA 08-Sep-22 Final Dividend Rs. 0.5
HALDYNGL 06-Sep-22 Dividend Rs. 0.60 BAJAJST 08-Sep-22 Dividend Rs. 2
KAMDHENU 06-Sep-22 Spin Off BANSWRAS 08-Sep-22 Split Rs.10/- to Rs.5/-
SUDTIND-B 06-Sep-22 Right Issue BELLACASA 08-Sep-22 Final Dividend Rs. 0.91
VINATIORGA 06-Sep-22 Dividend Rs. 6.50 BEML 08-Sep-22 Spin Off
VIPULORG 06-Sep-22 Final Dividend Rs. 0.90 DECCANCE 08-Sep-22 Final Dividend Rs. 5
ACRYSIL 07-Sep-22 Final Dividend Rs. 1.2 DEEPIND 08-Sep-22 Final Dividend Rs. 1.85
ASAHIINDIA 07-Sep-22 Dividend Rs. 2 ELECTCAST 08-Sep-22 Final Dividend Rs. 0.80
CHEMFABALKA 07-Sep-22 Dividend Rs. 1.25 GULFOILLUB 08-Sep-22 Dividend Rs. 5
DIANATEA 07-Sep-22 Dividend Rs. 0.5 IRCON 08-Sep-22 Final Dividend Rs. 0.65
JINDRILL 07-Sep-22 Dividend Rs. 0.50 JKIL 08-Sep-22 Dividend Rs. 3
KLRFM 07-Sep-22 Dividend Rs. 1.80 JYOTIRES 08-Sep-22 Bonus issue 2:1
MAHSEAMLES 07-Sep-22 Dividend Rs. 5 KIOCL 08-Sep-22 Final Dividend Rs. 0.79
METROGLOBL 07-Sep-22 Dividend Rs. 2 KRBL 08-Sep-22 Final Dividend Rs.3.50
NIRLON 07-Sep-22 Final Dividend Rs. 11 LEHIL 08-Sep-22 Final Dividend Rs.0.50
NITINSPIN 07-Sep-22 Dividend Rs. 2.50 MASTEK 08-Sep-22 Final Dividend Rs. 12

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