The NIFTY opened at 17639.75 with a gap up of just 15 points. The index initially consolidated and could not move higher. Prices have seen a breakdown. The Index recorded its intraday high at 17663.20 in the first 30 minutes of trading and saw a sharp decline towards 17550. Prices have recorded its intraday low at 17553.95. The NIFTY has seen a sharp recovery and went above 17600. The index consolidated towards the end and finally closed at 17624.05 without any change when compared to yesterday’s dosing price. The REALTY underperformed today and closed with a loss of 2.13% followed by METAL and AUTO. The MEDIA outperformed today and dosed higher by 1.33% followed by FMCG, IT, and PHARMA. The short-term trend is sideways. Support is visible around 17500 and resistance is visible around 17800.


The BANK NIFTY opened at 47252.55 without much of a gap. The index initially moved higher but soon faced in and downside after recording its intraday high at 42382.15. Prices have seen a sharp decline and recorded its intraday love at 41962. Some recovery afterwards and moved sideways towards the end of today’s trading session to finally close at 4208245 with a loss of 177. PSU BANK has underperformed today and closed with a loss of 0.84% PVT BANK has also moved down today and closed with a loss of 0.3 W Index, in terms of points, KOTAK BANK contributed the highest on the upside while ICICI BANK contributed the lowest. On the daily timeframe chart, the index continued trading narrowly for the third consecutive day whereas on the weekly timeframe chart the intended was almost on a flat note and recorded a narrow week suggesting next week may be wide.


CANFIN HOMES 562.00 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 566.20 with a stop loss of 551.65 and a target of 605.65.
ADANI ENT 1803 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1794.60 with a stop loss of 1856.15 and a target of 1672.75.


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
ITC.23.04 Apr 407.25 1.71 2.11 61814400 MFSL.23.04 Apr 623.8 -2.99 4.01 4756050
GODREJCP.23.04 Apr 990.25 1.51 0.47 6663000 CUB.23.04 Apr 130.45 -2.39 1.01 23600000
BANDHANBNK.23.04 Apr 221.2 1.21 1.46 50223600 RBLBANK.23.04 Apr 148 -1.4 1.03 34750000
SHRIRAMFIN.23.04 Apr 1359.15 1.18 1.52 4301400 PVR.23.04 Apr 1501.15 -0.88 2.96 2194544
NAVINFLUOR.23.04 Apr 4718.2 0.95 5.74 461400 MIDCPNIFTY.23.04 Apr 6959.95 -0.56 33.33 300
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDEA.23.04 Apr 6.5 6.56 -0.97 430710000 OBEROIRLTY.23.04 Apr 873.4 -4.64 -5.32 6436500
AARTIIND.23.04 Apr 554.75 1.8 -6.85 2647750 DALBHARAT.23.04 Apr 1923.05 -3.35 -9.95 1814000
TCS.23.04 Apr 3161.45 1.77 -9.5 9661225 INDIAMART.23.04 Apr 5250.45 -3.1 -12.63 260550
PAGEIND.23.04 Apr 40074.3 1.76 -6.87 120600 TVSMOTOR.23.04 Apr 1095.45 -3.09 -3.39 6195000
BRITANNIA.23.04 Apr 4334.4 1.56 -10.01 1364400 ICICIPRULI.23.04 Apr 444.3 -2.97 -1.11 13105500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Cipla Ltd 915.05 1.22 3481218 3605166 81.08 Nifty50 17624.05 0 24259257
Ipca Laboratories Ltd. 840.65 1.19 704817 861355 77.49 Niftybank 42118 -0.36 10135068
Marico Limited 473.25 0.32 856639 2104491 75.86 Nifty it 26822.1 0.69 1340537
Hdfc Ltd. 2759.4 0.6 1719725 1841176 73.59 India Vix 11.63 -2.6 362302302
Maruti Suzuki India Ltd 8558.45 -1.79 424157 269002 72.89 Nifty Fmcg 46669.7 0.89 380120
Dr. Reddys Lab Ltd 4868.75 0.22 331439 461655 72.68 Nifty Pharma 12545.75 0.48 34119331
Dabur India Ltd. 525.15 -0.03 1242615 1919448 71.4 Nifty Realty 423.5 -2.13 998143158
Crompton Greaves Consume 294.65 0.32 834377 997426 71.31 Nifty Auto 12898.75 -1.03 33001797
Glenmark Pharma Ltd 511.6 -0.11 678001 927150 70.55 Nifty Metal 5677.9 -1.37 74788825
Torrent Pharma Ltd. 1613.3 1.49 441046 173201 70.36 Nifty Financial Services 18753.75 -0.19 4993988


   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (Mar) on 28th April, 2023

INR: Infrastructure Output (YoY) (Mar) on 28th April, 2023

 USD: New Home Sales (Mar) on 25th April, 2023

USD: CB Consumer Confidence (Apr) on 25th April, 2023


  • Benchmark indices ended flat in the volatile session on April 21. At close, the Sensex was up 22.71 points or 0.04 percentat 59,655.06, and the Nifty was down 0.50 points or flatat 17,624. About 1,498 shares advanced, 1,866 shares declined, and 135 shares were unchanged.


  • HIndustan Zinc on April 21 reported a consolidated net profit of Rs 2,583 crore for the March quarter of FY23, down 12 percent from Rs 2,928 crore in the year-ago period. Total sales for the company came in at Rs 8,509 crore, down 3 percent from Rs 8,797 crore in the corresponding quarter of the previous year. Zinc sales dropped the most at 9 percent, while other metals saw a rise in sales.


  • Borrowing costs in India have probably peaked, with the central bank expected to start cutting rates by the end of the year — that’s the reading of some economists who reviewed the minutes of monetary policy meeting released Thursday. Economists, including those at Barclays Bank Plc and Nomura Holdings Inc., see the central bank staying on a long pause as high interest rates weigh on demand in the economy.


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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BIBCL Audited Results;General 24-Apr-23 MAHLOG Audited Results;General;Final Dividend 24-Apr-23
BRAHMINFRA General 24-Apr-23 MAHSCOOTER Audited Results;Final Dividend 24-Apr-23
CENTURYTEX Audited Results;Final Dividend 24-Apr-23 MKEXIM General 24-Apr-23
EIMCOELECO Audited Results;General;Final Dividend 24-Apr-23 NELCO Audited Results;Dividend 24-Apr-23
GOYALALUM Audited Results 24-Apr-23 PERSISTENT Audited Results;Final Dividend 24-Apr-23
GUJCMDS Issue Of Warrants;General 24-Apr-23 SCBL Audited Results 24-Apr-23
IIFLSEC Audited Results;General 24-Apr-23 SPAR General 24-Apr-23
INDUSINDBK Audited Results;Final Dividend 24-Apr-23 TMB Audited Results;Final Dividend 24-Apr-23
INSILCO General 24-Apr-23 TTFL Audited Results 24-Apr-23
KSHITIJ Audited Results;Quarterly Results 24-Apr-23 TTML Audited Results 24-Apr-23
LANCER General 24-Apr-23 VARIMAN General 24-Apr-23
MAHABANK Audited Results;General;Final Dividend 24-Apr-23 VKAL Audited Results;General;Quarterly Results 24-Apr-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
NETTLINX 24-Apr-23 Bonus issue 1:1 SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000
SIPIND 24-Apr-23 Resolution Plan -Suspension SERA 28-Apr-23 Stock  Split From Rs.10/- to Rs.2/-
ACHYUT 25-Apr-23 Bonus issue 1:2 ELANTAS 02-May-23 Dividend – Rs. – 5.0000
GOYALALUM 25-Apr-23 Stock  Split From Rs.10/- to Rs.1/- STOVACQ 02-May-23 Final Dividend – Rs. – 47.0000
SACHEMT 26-Apr-23 E.G.M. SPRAYKING 03-May-23 Bonus issue 2:3
VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500 CASTROLIND 04-May-23 Final Dividend – Rs. – 3.5000
ABB 27-Apr-23 Dividend – Rs. – 5.5000 CRISIL 04-May-23 Interim Dividend – Rs. – 7.0000
HCLTECH 28-Apr-23 Interim Dividend – Rs. – 18.0000 FRUTION 04-May-23 E.G.M.
JOSTS 28-Apr-23 Stock  Split From Rs.5/- to Rs.2/- PHYTO 04-May-23 E.G.M.
JSL 28-Apr-23 Special Dividend – Rs. – 1.0000 RKFORGE 09-May-23 Interim Dividend
KSB 28-Apr-23 Final Dividend – Rs. – 15.0000 APTUS 12-May-23 Interim Dividend
RAJOOENG 28-Apr-23 E.G.M. HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000
SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000 RCL 31-May-23 Stock  Split From Rs.10/- to Rs.1/-

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