The NIFTY opened at 17519.40 with a gap down of 136 points. The index initially consolidated, found strong support around 17550, and bounced up after recording its intraday low at 17484.30. Prices have rallied sharply and attempted to fill the gap but failed to do so. The index faced strong resistance around 17650 and started a process of consolidation there. The index recorded its intraday high at 17650.75 and finally closed at 17624.40 near its daily highs with a loss of just 31.20 points or 0.18% down. MEDIA outperformed today and dosed with a gain of 1.46% followed by PHARMA which ended with 0.78% gains. AUTO underperformed today and ended with a loss of 1.15% followed by BANK which ended with a loss of 0.53%. We have been following a wide trading range with support around 17200 and resistance around 17700. An up move from 17200 support has faced strong resistance around 17700. The INDIA VIX, a benchmark index for volatility, is still moving within the 19 – 20 range which is moderately high. For normal volatility, it needs to come down below 18. The index is going through a process of consolidation. New trades will emerge either on a close above 17700 or below 17400. Till then step aside and avoid trading the index.


The BANK NIFTY opened at 39337.75 with a big gap down of 336 points. The index initially moved up but fizzled out quickly and turned down. A sharp dip brought prices to its intraday low at 39258.25. Prices then moved up sharply and then went into a process of consolidation. The index recorded its intraday high at 39572.05 and finally closed at 39458.70 with a loss of 215 points. PVT BANKS have underperformed today and closed with a loss of 0.62%. PSU BANKS have also moved down today, ending with a loss of just 0.17%. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while ICICIBANK contributed the lowest. We have mentioned a trading range inside the 38000 – 39800 zone. The range remained intact so far. Prices have faced resistance around 39800 and turned down. The short-term trend is sideways. Fresh trading opportunities will emerge if the index breaks and dose above 39800 resistance or saw a sharp dip towards 38000 support levels. As far as prices are moving within these boundaries, we should shift our focus to intraday only. For the time being, we should step aside and avoid trading the index.


HINDALCO 432.85 BUY The stock has taken support at the lower level and then bounces, Currently waiting for the breakout. The stock can be bought at CMP with a stop loss of 428 and a target of 445.
PIIND 3257 SELL The stock has broken its neckline towards the downside, One should be sold at 3233 for the target of 3161 with SL of 3280.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CONCOR.22.09 Sep 723.5 7.98 64.39 9403000 INDIGO.22.09 Sep 1952 -3.88 17.63 2688600
IDEA.22.09 Sep 9.85 7.07 4.87 6.411808 TATAMOTORS.22.09 Sep 447.1 -2.87 16.66 69901950
FSL.22.09 Sep 114.85 6.69 13.1 18543200 BAJAJ-AUTO.22.09 Sep 3831.2 -2.53 17.59 2650750
SHREECEM.22.09 Sep 22800.05 6.03 9.48 323325 FEDERALBNK.22.09 Sep 119.3 -1.77 0.28 80200000
ULTRACEMCO.2209Sep 6829 4.5 4.1 2114700 ESCORTS.22.09 Sep 1988 -1.69 5.33 1609850
                                                                        Short Covering                                                                       Long Unwinding
DIXON.22.09 Sep 4355 3.73 -7.93 651375 ASHOKLEY.22.09 Sep 162.9 -1.87 -1.89 49750000
BIOCON.22.09 Sep 303.1 3.22 -0.69 19170500 EXIDEIND.22.09 Sep 172.35 -1.51 -3.29 25506000
GSPL.22.09 Sep 240 2.83 -2.63 3515000 TVSMOTOR.22.09 Sep 1040.3 -1.17 -2.16 8043000
LUPIN.22.09 Sep 670.5 2.23 -0.28 8539100 ABB.22.09 Sep 3336 -0.89 -1.39 1169750
GUJGASLTD.22.09 Sep 484.5 1.75 -1.29 4101250 IDFC.22.09 Sep 68.9 -0.65 -0.6 123400000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 225.05 0.74 10577776 0 78.21 Nifty50 17624.4 -0.18 84534
Ipca Laboratories Ltd. 882.9 -0.39 121036 0 72.11 Niftybank 39455.9 -0.53 84534
Container Corp Of India 669.35 0.03 692273 0 71.98 Nifty it 27832.4 0.32 84534
Hdfc Bank Ltd. 1489.35 -0.38 6119348 0 71.51 India Vix 18.28 -6.37 84528
Godrej Cons Products Ltd 909.75 1.82 1625766 0 71.37 Nifty Fmcg 43614.95 0.2 84534
Power Finance Corporatio 116.5 1.79 21995115 0 70.68 Nifty Pharma 12696.3 0.78 84534
Bajaj Auto Limited 3929.4 -0.69 508096 0 69.87 Nifty Realty 473.6 0.08 84534
Hero Motocorp Limited 2866.55 0.86 481401 0 69.85 Nifty Auto 13072.65 -1.15 84534
Indian Oil Corp. Ltd. 70.7 -0.35 10545363 0 69.79 Nifty Metal 6066.4 0.03 84534
Wipro Ltd 404.45 -0.26 9113081 0 69.53 Nifty Financial Services 18140.5 -0.32 84534


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

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

 USD : Fed Chair Powell Speaks on 08th September, 2022

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


  • India’s stock benchmarks ended down for the second day, led by fall in auto and banking stocks. The Sensex lost 0.28% or 168 points to end at 59,028.91 after having shed nearly 475 points to an intraday low of 58,722.89 on the BSE. The Nifty 50 declined 0.18% to close at 17,624.40 on the NSE. Among Nifty 50 constituents, 26 stocks rose while 24 fell.

  • The Union Cabinet on Wednesday approved the lowering of the Railway Land Licensing Fee—from 6% to 1.5%—to aid disinvestment of the state-owned Container Corp. of India Ltd. Officials from the Department of Investment and Public Asset Management, NITI Aayog, Concor, and the Indian Railways had met in May to provide concluding inputs for the policy to the cabinet.

  • Tamilnad Mercantile Bank Ltd.’s Rs 832-crore initial public offering continued to garner investor interest on the final day of its subscription. It was subscribed by 2.77 times on 7th Sept. as of 4:00 p.m. Institutional Investors : 1.62 times, Non – institutional investors : 2.92 times, Retail Investors : 6.02 times.

  • Indian non-life insurers’ revenue rose to a new high for the second straight month in August, led by growth in specialised state-run non-life insurers. The gross premium underwritten for non-life insurers rose 5% over the previous month to Rs 24,472 crore in August, according to the provisional data released by the General Insurance Council. Revenue also increased 12% year-on-year.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AIML Preferential Issue of shares 08-Sep-22 TANLA Buy Back of Shares 08-Sep-22
AKM A.G.M.;Increase in Authorised Capital;General 08-Sep-22 VISTAPH Issue Of Warrants 08-Sep-22
BLOIN A.G.M. 08-Sep-22 VISVEN General 08-Sep-22
CCHHL A.G.M. 08-Sep-22 ARYAN General 09-Sep-22
CLARA Increase in Authorised Capital 08-Sep-22 GIPCL General 09-Sep-22
CRANESSOFT A.G.M. 08-Sep-22 LORDSHOTL General 09-Sep-22
FONE4 General;Quarterly Results 08-Sep-22 RAJTUBE Quarterly Results 09-Sep-22
HKG A.G.M.;Increase in Authorised Capital;General 08-Sep-22 VANICOM General;Preferential Issue of shares 09-Sep-22
IKAB General 08-Sep-22 WHITEORG Right Issue of Equity Shares 09-Sep-22
INDITALIA General 08-Sep-22 PATELSAI Preferential Issue of shares 10-Sep-22
JFL A.G.M.;Audited Results 08-Sep-22 GOODLUCK Preferential Issue of shares 12-Sep-22
MACH A.G.M.;General 08-Sep-22 SAGARSOFT Quarterly Results 12-Sep-22
MACINTR A.G.M. 08-Sep-22 BAJAJHLDNG Interim Dividend 13-Sep-22
MRCAGRO A.G.M. 08-Sep-22 MAHSCOOTER Interim Dividend 13-Sep-22
PRADHIN General 08-Sep-22 SABOOSOD Right Issue of Equity Shares 14-Sep-22
PROFINC Bonus issue;Increase in Authorised Capital;General 08-Sep-22 VERANDA Preferential Issue of shares 14-Sep-22
RAJINFRA General 08-Sep-22 MAFATIND General 17-Sep-22
RPOWER General 08-Sep-22 VIKRAMTH Scheme of Arrangement 17-Sep-22
SSPNFIN A.G.M. 08-Sep-22 ARFIN Stock  Split 19-Sep-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
APCL 08-Sep-22 Final Dividend Rs. 3 PANCHSHEEL 08-Sep-22 Int. Div.Rs. 1
APOLLO 08-Sep-22 Final Dividend Rs. 0.25 PPAP 08-Sep-22 Final Dividend Rs. 1.50
ASHIANA 08-Sep-22 Final Dividend Rs. 0.5 PREMEXPLQ 08-Sep-22 Final Dividend Rs. 1.50
BAJAJST 08-Sep-22 Dividend Rs. 2 RITES 08-Sep-22 Final Dividend Rs. 3.5
BANSWRAS 08-Sep-22 Split Rs.10/- to Rs.5/- RKFORGE 08-Sep-22 Final Dividend Rs. 0.20
BELLACASA 08-Sep-22 Final Dividend Rs. 0.91 RUCHIRA 08-Sep-22 Final Dividend Rs. 2
BEML 08-Sep-22 Spin Off SATINDLTD 08-Sep-22 Dividend Rs. 0.15
DECCANCE 08-Sep-22 Final Dividend Rs. 5 SINGER 08-Sep-22 Final Dividend Rs. 1
DEEPIND 08-Sep-22 Final Dividend Rs. 1.85 SKMEGGPROD 08-Sep-22 Final Dividend Rs. 0.5
ELECTCAST 08-Sep-22 Final Dividend Rs. 0.80 SONATSOFTW 08-Sep-22 Bonus issue 1:3
GULFOILLUB 08-Sep-22 Dividend Rs. 5 TATVA 08-Sep-22 Final Dividend Rs. 2
IRCON 08-Sep-22 Final Dividend Rs. 0.65 THEMISMED 08-Sep-22 Final Dividend Rs. 5
JKIL 08-Sep-22 Dividend Rs. 3 VENKYS 08-Sep-22 Final Dividend Rs. 13
JYOTIRES 08-Sep-22 Bonus issue 2:1 VIKRAMTH 08-Sep-22 Final Dividend Rs. 0.30
KIOCL 08-Sep-22 Final Dividend Rs. 0.79 ACE 09-Sep-22 Final Dividend Rs. 0.60
KRBL 08-Sep-22 Final Dividend Rs.3.50 GMM 09-Sep-22 Final Dividend Rs. 3
LEHIL 08-Sep-22 Final Dividend Rs.0.50 GSFC 09-Sep-22 Dividend Rs. 2.5
MASTEK 08-Sep-22 Final Dividend Rs. 12 HISARMET 09-Sep-22 Final Dividend Rs. 1
MOIL 08-Sep-22 Final Dividend Rs. 3 MALLCOM 09-Sep-22 Final Dividend Rs. 3
MUNJALAU 08-Sep-22 Final Dividend Rs. 1 NATCAPSUQ 09-Sep-22 Dividend Rs. 1

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