The NIFTY opened at 19655.40 with a gap down of 78 points. The index continued its early morning bearish momentum and started drifting downwards from its opening tick. The index recorded its intraday high at 19678.25 in its initial trades and saw a down move of more than 200 points. Prices broke below 19500 and recorded its intraday low at 19423.55.A minor recovery came towards the end of today’s trading session and the index finally closed at 19526.55 with a loss of 207 points or 1.05% down. All the sectoral indices have moved down today and ended with a loss. Except for FMCG, PHARMA, and IT all the other indices have lost over 1% led by METAL which ended 2% down. We have been tracking a narrow trading range inside 19550-19850. This range broke on the downside and gave us a pattern target around 19250 The short-term trend is down now. Support is now visible around 19300 while resistance is now visible around 19700.


The BANK NIFTY opened at 45234.65 with a big gap down of 364 points. The index continued moving lower from its opening tick and saw a sharp decline of more than 500 points during the day. Prices have recorded its intraday high at 45404.90, its intraday low at 44720.90, and finally closed at 44989.40 with a loss of 609 points. PSU BANK underperformed today, saw a sharp downside move, and ended with a loss of 2.61%. PVT BANK has also moved down today and closed lower by 1.23%. Within the index, in terms of points, AU BANK contributed the highest on the upside while HDFC BANK contributed the lowest. We have been tracking a narrow trading range inside 45300-46300. This range broke down decisively and gave us a pattern target of around 44300. The short-term trend is down now. Support is now visible around 44000 while resistance is visible around 45300-45500.


BRITANNIA 4809.45 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 4818.65 with a stop loss of 4789.20 and a target of 4874.70.
TATA CONSUMER 843.05 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 840.10 with a stop loss of 844.95 and a target of 829.80.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INFY  1360 CE BUY 30.55 CMP 27.60 38.40 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PVRINOX.23.08 Aug 1617 2.37 9.61 2910864 ZEEL.23.08 Aug 228.95 -4.41 0.74 105945000
LAURUSLABS.23.08 Aug 367.2 1.99 3.58 11305000 CANBK.23.08 Aug 328.95 -4.28 4.83 48548700
BERGEPAINT.23.08 Aug 712.5 1.21 9.59 7506400 BHEL.23.08 Aug 100.7 -4.28 3.41 110376000
NESTLEIND.23.08 Aug 22945.15 1 4.94 329880 BOSCHLTD.23.08 Aug 18383.95 -4.08 37.73 229600
LUPIN.23.08 Aug 1002.4 0.73 3.62 4935100 BEL.23.08 Aug 125.45 -4.05 1.1 81390300
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IBULHSGFIN.23.08 Aug 149.1 5.48 -3.29 55860300 IDEA.23.08 Aug 8 -4.76 -1.72 750400000
DIVISLAB.23.08 Aug 3687.2 1.9 -2.63 2750800 PEL.23.08 Aug 947 -4.71 -1.86 10983000
ESCORTS.23.08 Aug 2595 0.52 -2.98 1952225 HINDCOPPER.23.08 Aug 145.1 -4.16 -12.46 29648200
ASIANPAINT.23.08 Aug 3380.85 0.25 -1.29 5123600 JINDALSTEL.23.08 Aug 645.95 -4.11 -1.78 24650000
TECHM.23.08 Aug 1153.6 0.14 -0.15 17112600 SAIL.23.08 Aug 93.35 -2.91 -0.62 103592000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dabur India Ltd. 565.65 -0.55 1868477 1031425 77.32 Nifty50 19526.55 -1.05 74997
Infosys Limited 1356.85 -0.61 7418892 4499852 74.2 Niftybank 44995.7 -1.31 74997
Hindustan Unilever Ltd 2568.95 0.7 2082908 1305000 74.19 Nifty it 30043.6 -0.81 74997
Torrent Pharma Ltd. 1965.8 -0.89 207780 386400 74.11 India Vix 11.28 9.73 74997
Shree Cements Ltd. 24045.1 -0.24 34126 34196 71.44 Nifty Fmcg 52368.7 -0.25 74997
Nestleind 22882.3 1.28 104661 46402 71.37 Nifty Pharma 14943.4 -0.39 74997
Larsen & Toubro Limited 2622.15 -1.67 1479259 897296 69.09 Nifty Realty 548.4 -1.49 74997
Indigo 2565.3 -0.21 791943 884282 68.4 Nifty Auto 15428.9 -1.66 74997
Bharti Airtel Limited 878.1 -1.52 3328901 1408879 67.49 Nifty Metal 6633.45 -2.02 74997
Ultratech Cement Limited 8287.7 0.07 134414 145423 66.84 Nifty Financial Services 20066.95 -1.28 74997

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Nikkei Services PMI (Jul) on 03rd August, 2023

INR: NikFX Reserves, USD on 04th August, 2023

USD: Initial Jobless Claims on 03rd August, 2023

USD: Services PMI (Jul) on 03rd August, 2023

News Updates

  • Benchmark indices ended lower on August 2 with Nifty below 19,550. At close, the Sensex was down 676.53 points or 1.02% at 65,782.78, and the Nifty was down 207.00 points or 1.05% at 19,526.50. About 1232 shares advanced, 2265 shares declined, and 132 shares unchanged.

  • InterGlobe Aviation, the operator of low-cost airline IndiGo, on August 2 posted a profit of Rs 3,090.6 crore for the quarter ended June 2023, as compared to a net loss of Rs 1,064 crore in the same period a year ago. Revenue from operations for IndiGo, the largest airline in the country, rose 29.8 percent to Rs 16,683.1 crore, from the year-ago period when the airline had reported a topline of Rs 12,855 crore.

  • India could pick up almost half of the shortfall from slowing demand growth for commodities in China this decade, driven mainly by higher energy purchases, according to ANZ Banking Group Ltd. China will likely grow at a weaker pace in the coming years, while India should remain steady, Soni Kumari, a commodity strategist at ANZ, said

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AAVAS Quarterly Results 03-Aug-23 DUROPLY Quarterly Results 03-Aug-23
ACCEDERE Quarterly Results;A.G.M. 03-Aug-23 EICHERMOT Quarterly Results 03-Aug-23
ADANIENT Quarterly Results 03-Aug-23 ELDEHSG Quarterly Results 03-Aug-23
ADANIPOWER Quarterly Results 03-Aug-23 ENKEIWHEL Quarterly Results 03-Aug-23
ADORFO Quarterly Results;General 03-Aug-23 FERVENTSYN Quarterly Results 03-Aug-23
AKZOINDIA Quarterly Results 03-Aug-23 FGP Quarterly Results 03-Aug-23
ANDHRAPAP Quarterly Results 03-Aug-23 GANECOS Quarterly Results 03-Aug-23
AUTOAXLES Quarterly Results 03-Aug-23 GESHIP Quarterly Results;Interim Dividend 03-Aug-23
AVADHSUGAR Quarterly Results 03-Aug-23 GRAVITY Quarterly Results 03-Aug-23
BALTE Quarterly Results;General 03-Aug-23 GULFOILLUB Quarterly Results 03-Aug-23
BANARISUG Quarterly Results 03-Aug-23 HALDYNGL Quarterly Results;A.G.M. 03-Aug-23
BHARATSE Quarterly Results 03-Aug-23 HCC Right Issue of Equity Shares;Quarterly Results 03-Aug-23
BHARTIARTL Audited Results;Quarterly Results 03-Aug-23 ICRA Quarterly Results 03-Aug-23
BLUESTARCO Quarterly Results;General 03-Aug-23 INDGELA Quarterly Results 03-Aug-23
BODHTREE Audited Results 03-Aug-23 JAFINANCE Quarterly Results 03-Aug-23
CERA Quarterly Results 03-Aug-23 JMFINANCIL Quarterly Results 03-Aug-23
CLEAN Quarterly Results 03-Aug-23 KANSAINER Quarterly Results 03-Aug-23
CUMMINSIND Quarterly Results;General 03-Aug-23 KASHYAP Quarterly Results;General 03-Aug-23
DABUR Quarterly Results 03-Aug-23 KEC Quarterly Results 03-Aug-23
DCXINDIA Quarterly Results 03-Aug-23 KTKBANK Quarterly Results;General 03-Aug-23
DEEPAKNI Quarterly Results 03-Aug-23 LELAVOIR Quarterly Results 03-Aug-23
DELTAMAGNT Quarterly Results 03-Aug-23 LIBORD Quarterly Results;A.G.M. 03-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADFFOODS 03-Aug-23 Final Dividend – Rs. – 5.0000 MARUTI 03-Aug-23 Final Dividend – Rs. – 90.0000
AEGISLOG 03-Aug-23 Interim Dividend – Rs. – 2.5000 MATRIMONY 03-Aug-23 Final Dividend – Rs. – 5.0000
ALBERTDA 03-Aug-23 Dividend – Rs. – 9.0000 NINSYS 03-Aug-23 Bonus issue 4:5
ALEMBICLTD 03-Aug-23 Final Dividend – Rs. – 2.2000 OAL 03-Aug-23 Final Dividend – Rs. – 0.5000
AMJLAND 03-Aug-23 Dividend – Rs. – 0.2000 PDMJEPAPER 03-Aug-23 Dividend – Rs. – 0.5000
AVANTI 03-Aug-23 Dividend – Rs. – 6.2500 RAMCOCEM 03-Aug-23 Dividend – Rs. – 2.0000
BATAINDIA 03-Aug-23 Dividend – Rs. – 13.5000 RAMCOIND 03-Aug-23 Final Dividend – Rs. – 1.0000
CHEMBOND 03-Aug-23 Final Dividend – Rs. – 3.0000 SHK 03-Aug-23 Final Dividend – Rs. – 2.0000
CHOLAHLDNG 03-Aug-23 Final Dividend – Rs. – 0.5500 SHREYANIND 03-Aug-23 Final Dividend – Rs. – 2.5000
CLEAN 03-Aug-23 Final Dividend – Rs. – 3.0000 SHREYANIND 03-Aug-23 Special Dividend – Rs. – 2.5000
COFORGE 03-Aug-23 Interim Dividend – Rs. – 19.0000 STARHFL 03-Aug-23 Final Dividend – Rs. – 0.0500
DISAQ 03-Aug-23 Final Dividend – Rs. – 10.0000 UBL 03-Aug-23 Dividend – Rs. – 7.5000
EMBASSY 03-Aug-23 Income Distribution RITES UPL 03-Aug-23 Final Dividend – Rs. – 10.0000
EMKAY 03-Aug-23 Final Dividend – Rs. – 1.0000 USHAMART 03-Aug-23 Final Dividend – Rs. – 2.5000
ESABINDIA 03-Aug-23 Final Dividend – Rs. – 20.0000 XPROINDIA 03-Aug-23 Dividend – Rs. – 2.0000
GRANULES 03-Aug-23 Final Dividend – Rs. – 1.5000 AARTIDRUGS 04-Aug-23 Buy Back of Shares
GREAVESCOT 03-Aug-23 Final Dividend – Rs. – 0.9000 ABSLAMC 04-Aug-23 Final Dividend – Rs. – 5.2500
HONAUT 03-Aug-23 Final Dividend – Rs. – 95.0000 ADORFO 04-Aug-23 Final Dividend – Rs. – 5.0000
HONDAPOWER 03-Aug-23 Final Dividend – Rs. – 16.5000 ADVENZYMES 04-Aug-23 Final Dividend – Rs. – 1.0000
INDIGRID 03-Aug-23 Income Distribution (InvIT) AJANTPHARM 04-Aug-23 Interim Dividend – Rs. – 10.0000
IVP 03-Aug-23 Final Dividend – Rs. – 1.5000 AJANTPHARM 04-Aug-23 Special Dividend – Rs. – 15.0000
KELENRG 03-Aug-23 Final Dividend – Rs. – 1.5000 AJMERA 04-Aug-23 Final Dividend – Rs. – 3.0000

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