The NIFTY opened at 18606.65 without much of a gap. The index recorded its intraday low at 18575.50 in its initial trade and then bounced up sharply. Prices found intraday resistance around 18650 and then turned down after recording its intraday high at 18662.45. A sharp dip came that found support near the opening tick. The Index has seen a mild up move in the second half but was not able to cross the early morning highs. The NIFTY finally closed at 18633.85 with a gain of 35.20 points or 0.19% up. MEDIA and FMCG outperformed today followed by BANK and FINANCIAL METAL underperformed today and ended lower by nearly 1% followed by AUTO and OIL GAS. The short-term trend is up as prices are trading near the swing highs of an ongoing up move. The last two days of narrow price action suggest a sharp move is about to come. We should take a trade in the direction of a breakout.


The BANK NIFTY opened at 43821.05 with a minor gap up. The index the BANK NIFTY opened at 44277.35 with a gap down of 46 points. The index recorded its intraday low at 44207.50 in its initial trades and then moved up. Prices have seen a minor correction afterward and then formed a trading range. That range eventually broke on the upside and prices have rallied higher to record its intraday high at 44498.60. The index finally closed at 44457.50 with a gain of 134 points. PVT BANK outperformed today, saw an intraday rally, and closed higher by 0.58%. PSU BANK underperformed today and ended almost on a flat note with a loss of just 0.03% Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while AU BANK contributed the lowest. The short-term trend is up now and there is no doubt about that as prices are making lifetime highs. For the past two trading days, the index is consolidating. This consolidation has given us a trading opportunity. Look to buy on a breakout above 44500 or sell short on a breakdown below 44200.


BAJAJ FINSERVE 1465.85 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1467.50 with a stop loss of 1453.60 and a target of 1495.65.
JINDAL STEEL 522.80 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 523.85 with a stop loss of 526.10 and a target of 512.50.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATA POWER  220 CE BUY 4.30 CMP 3.60 6.30 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RBLBANK.23.06 Jun 164.15 5.97 12.45 40610000 NAUKRI.23.06 Jun 4085.45 -3.31 3.08 1659500
PFC.23.06 Jun 182.45 3.93 8.41 65695200 CHAMBLFERT.23.06 Jun 279.35 -3.04 16.72 6753000
RECLTD.23.06 Jun 141.45 3.4 5.16 56936000 NATIONALUM.23.06 Jun 84.65 -2.53 4.01 44505000
INDIACEM.23.06 Jun 201.1 3.34 4.47 16683700 IBULHSGFIN.23.06 Jun 116.35 -1.73 0.61 50424000
IDFC.23.06 Jun 99.9 2.78 1.93 176020000 BALKRISIND.23.06 Jun 2237 -1.71 5.35 2067900
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
AUROPHARMA.23.06 Jun 655.25 6.48 -3.38 8959000 VEDL.23.06 Jun 277.3 -5.08 -0.24 47850000
MCX.23.06 Jun 1456.65 3.81 -1.29 1678000 ADANIENT.23.06 Jun 2514 -1.62 -0.2 8576000
HDFCAMC.23.06 Jun 1930.2 3.51 -12.09 2367900 ZYDUSLIFE.23.06 Jun 508.65 -1.37 -3.45 6705000
ABFRL.23.06 Jun 205 3.38 -1.42 27744600 BHEL.23.06 Jun 82.55 -1.32 -1.4 103603500
ABCAPITAL.23.06 Jun 172.4 3.26 -3.62 27324000 MOTHERSON.23.06 Jun 79.95 -1.24 -2.95 64030500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Aurobindo Pharma Ltd. 650.75 6.45 9346787 836195 19.86 Nifty50 18633.85 0.19 29444592
Rbl Bank Limited 163 6.02 23319418 3254880 31.11 Niftybank 44436.35 0.28 12354193
Hdfc Asset Management Co 1951.1 4.13 1393880 228352 32.72 Nifty it 29297.65 0.2 831410
Mcx 1447.35 3.96 947925 187761 28.17 India Vix 12.01 -2.36 450684159
Power Finance Corporatio 181.15 3.93 15495553 4673910 36.17 Nifty Fmcg 50927.2 0.59 365453
The Ramco Cements 919.3 3.65 1164477 102555 44.84 Nifty Pharma 12604.7 -0.15 43460551
Aditya Birla Fashion And 204.15 3.58 5270622 581874 37.8 Nifty Realty 475.2 -0.21 1152409181
The India Cements Limite 199.75 3.39 9554944 1180454 37.88 Nifty Auto 14177.85 -0.29 38591522
Rec Limited 140.35 3.31 15899557 5627916 49.39 Nifty Metal 5936.55 -0.91 91873857
Aditya Birla Capital Lim 171.1 3.29 5661479 790881 41.81 Nifty Financial Services 19606.05 0.38 5872487


   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (Mar) on 31st May, 2023

INR: GDP Quarterly (YoY) (Q4) on 31st May, 2023

 USD: JOLTs Job Openings (Apr) on 31st May, 2023

USD: ADP Nonfarm Employment Change (May) on 1st June, 2023


  • In the volatile session on May 30 the benchmark indices ended on a positive note with Nifty above 18,600. At close, the Sensex was up 122.75 points or 0.20% at 62,969.13, and the Nifty was up 35.10 points or 0.19% at 18,633.80. About 1640 shares advanced, 1766 shares declined, and 112 shares unchanged.

  • Fiscal deficit target at risk, Nomura warns despite RBI’s Rs 87,416 crore dividend to govt, Concerns have been raised by Nomura Research regarding the achievement of the fiscal deficit target of 5.9% of GDP for the fiscal year 2023-24.

  • Apollo Hospitals Enterprise reported a net profit of Rs 146 crore for the quarter ended March, up 50.5 percent from Rs 97 crore in the same period of the previous year. However, the bottom line fell significantly short of the analyst’s estimate of Rs 198 crore.

  • Jubilant Pharmova plunged 10 percent in early trade on May 30, a day after the drugmaker released a dismal set of quarterly earnings. The company’s fourth-quarter results reflected a substantial net loss and weaker operating margins.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ASIANVE General 31-May-23 SETCO Audited Results;General;Quarterly Results 02-Jun-23
BNHOLDINGS Audited Results 31-May-23 AVG Audited Results;Final Dividend;Issue Of Warrants 03-Jun-23
FEDDERELEC Preferential Issue of shares 31-May-23 MANAKSIA Final Dividend 03-Jun-23
MPCOSEMB Audited Results 31-May-23 OTCO General 03-Jun-23
RACCL Audited Results;Quarterly Results 31-May-23 DHANCOT General 05-Jun-23
SVRL Final Dividend;Half Yearly Results;General 31-May-23 ALFATRAN General 06-Jun-23
USHDI Audited Results 31-May-23 UNISTRMU General;Quarterly Results 06-Jun-23
ABCAPITAL Preferential Issue of shares 01-Jun-23 GENCON Audited Results;Dividend 07-Jun-23
ESTER Final Dividend 01-Jun-23 LASA Audited Results;Quarterly Results 07-Jun-23
HOCL General 01-Jun-23 ORISSAMINE Audited Results 08-Jun-23
SKYGOLD Final Dividend 01-Jun-23 VAPIPPR Audited Results 09-Jun-23
WEWIN General 01-Jun-23 WANBURY Audited Results 09-Jun-23
ANMOL Bonus issue;General 02-Jun-23 MENAMANI General;Stock  Split 12-Jun-23
BANKBARODA General 02-Jun-23 INDSUCR Audited Results 15-Jun-23
KICL Audited Results 02-Jun-23 RASSIREF Audited Results 15-Jun-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADVANIHOTR 31-May-23 Interim Dividend – Rs. – 1.4000 HARDWYN 05-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
BGJL 31-May-23 Right Issue of Equity Shares HARDWYN 05-Jun-23 Bonus issue 1:3
DBCORP 31-May-23 Interim Dividend – Rs. – 3.0000 SHYAMMETL 05-Jun-23 Interim Dividend – Rs. – 1.8000
LODHA 31-May-23 Bonus issue 1:1 SKMEGGPROD 05-Jun-23 Interim Dividend – Rs. – 2.0000
PGINVIT 31-May-23 Income Distribution (InvIT) NELCO 06-Jun-23 Dividend – Rs. – 2.0000
SBIN 31-May-23 Dividend – Rs. – 11.3000 PRIMESECU 06-Jun-23 Dividend – Rs. – 0.5000
APTECHT 01-Jun-23 Interim Dividend – Rs. – 6.0000 MARKSANS 07-Jun-23 Final Dividend
SHREECEM 01-Jun-23 Interim Dividend – Rs. – 55.0000 OPTIEMUS 07-Jun-23 Interim Dividend – Rs. – 1.5000
SIL 01-Jun-23 Interim Dividend – Rs. – 0.8000 SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000
TRIDENT 01-Jun-23 Interim Dividend – Rs. – 0.3600 TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000
ANZEN 02-Jun-23 Income Distribution (InvIT) UNIPARTS 07-Jun-23 Interim Dividend – Rs. – 6.0000
AXITA 02-Jun-23 Buy Back of Shares BIKAJI 08-Jun-23 Final Dividend – Rs. – 0.7500
EDELWEISS 02-Jun-23 Spin Off NIITLTD 08-Jun-23 Spin Off
HAVELLS 02-Jun-23 Final Dividend – Rs. – 4.5000 PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
INDUSINDBK 02-Jun-23 Final Dividend – Rs. – 14.0000 RCL 08-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
INFY 02-Jun-23 Final Dividend – Rs. – 17.5000 ASIANPAINT 09-Jun-23 Final Dividend – Rs. – 21.2500
JSWENERGY 02-Jun-23 Final Dividend – Rs. – 2.0000 BEPL 09-Jun-23 Special Dividend – Rs. – 14.0000
MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000 BEPL 09-Jun-23 Final Dividend – Rs. – 1.0000
NECCLTD 02-Jun-23 Right Issue of Equity Shares CAPPL 09-Jun-23 Interim Dividend – Rs. – 2.0000
PAGEIND 02-Jun-23 Interim Dividend CIGNITI 09-Jun-23 Final Dividend – Rs. – 3.0000
STEELCAS 02-Jun-23 Special Dividend – Rs. – 3.1500 DYNAMATECH 09-Jun-23 Final Dividend – Rs. – 7.0000
SYLPH 02-Jun-23 Stock  Split From Rs.10/- to Rs.1/- ELECON 09-Jun-23 Final Dividend – Rs. – 2.0000

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