The NIFTY opened at 18853.60 without any gap up or down. Initially, the index moved up but soon found resistance and started a process of Today, the NIFTY consolidation. The sideways move broke on the downside after the index recorded its intraday high at 18886.60. Prices have seen a sharp intraday decline and then bounced up but again found resistance near the opening tick. Another leg of the decline came and the index recorded its intraday low at 18759.50. Prices have finally closed at 18771.25 near its day’s lows with a loss of 85.60 points or 0.45% down. All the sectoral indices have closed with a loss today except MEDIA and METAL which ended with minor gains. REALTY, OIL GAS, FMCG, and IT led the bears today and ended with a loss of nearly 1%. Support is visible around 18650 while resistance may emerge around the lifetime high. We can round it off to 18900. The index has been moving inside this 250-point of range for the past eight trading days.


The BANK NIFTY opened at 43874.80 without much of a gap. The index initially moved up but fizzled out quickly and then moved down. The decline found support and prices again rallied to record its intraday high at 44042.15. Another down move started after that, leading prices to its intraday low at 43663.35. Prices moved very volatile today mainly towards the end and finally closed at 43716.50, losing 147 points. PSU BANK underperformed today, saw a sharp intraday decline, and closed lower by 1.67%. PVT BANK also moved down today and ended with a loss of 0.42%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while IDFC FIRST BANK contributed the lowest. It was again a volatile day in the BANK index. But overall, it was a narrow range day. A trading range inside 43400-44500 remained intact. The short-term trend is sideways.


BSOFT 344.20 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 346.10 with a stop loss of 342.95 and a target of 352.60.
CANFIN HOMES 733.25 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 730.20 with a stop loss of 737.35 and a target of 715.90.


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
MFSL.23.06 Jun 765.55 3.26 3.71 5819450 INDIACEM.23.06 Jun 218.2 -6.13 3.02 15848500
BSOFT.23.06 Jun 345.4 1.47 3.19 7444000 ABCAPITAL.23.06 Jun 171.5 -5.04 7.47 28512000
IGL.23.06 Jun 487.05 1.31 5.07 8383375 RBLBANK.23.06 Jun 166.95 -3.3 14.25 53800000
LT.23.06 Jun 2422.5 1.04 0.81 10283100 IRCTC.23.06 Jun 644.95 -2.95 2.08 12815250
COROMANDEL.23.06 Jun 955.85 1.03 8.62 1472800 BIOCON.23.06 Jun 239 -2.75 4.02 22859700
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
POLYCAB.23.06 Jun 3495.45 2.13 -3.88 1714500 IDFCFIRSTB.23.06 Jun 77.75 -4.66 -2.56 193320000
BALRAMCHIN.23.06 Jun 408.3 1.78 -1.2 7249600 M&MFIN.23.06 Jun 311.5 -4.45 -0.67 25624000
UBL.23.06 Jun 1507.4 1.21 -0.82 2317600 IDEA.23.06 Jun 7.45 -3.87 -1.77 469700000
HDFC.23.06 Jun 2719 0.55 -0.26 24614100 INDHOTEL.23.06 Jun 382.8 -3.59 -0.64 15790000
TATACHEM.23.06 Jun 1003 0.48 -4.24 7104000 RAIN.23.06 Jun 165.15 -3.34 -3.21 10034500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Alkem 3349.4 -1.19 256036 97490 78 Nifty50 18771.25 -0.45 94398
Hdfc Ltd. 2715.9 0.51 6037525 3397596 75.73 Niftybank 43724.85 -0.31 94344
Voltas Ltd. 782.1 -0.61 1942087 1187946 75.02 Nifty it 28811.15 -0.74 94344
Icici Prudential Life In 562.55 -0.94 2171971 3613133 73.51 India Vix 11.55 2.28 103593
Gail (india) Limited 104.45 -2.11 16244574 9573057 72.86 Nifty Fmcg 51557.8 -0.72 94344
Britannia Ind Ltd. 4987.05 -1.63 145196 196089 72.04 Nifty Pharma 13166.85 -0.61 94344
Mah & Mah Ltd. 1378.7 0.32 1296616 1439304 71.66 Nifty Realty 510.05 -0.8 94344
Sbi Cards And Payment Se 880.3 -0.62 1071782 860713 71.55 Nifty Auto 14702.1 -0.51 94338
Hindustan Unilever Ltd 2654.35 -0.83 830052 853537 71.02 Nifty Metal 6190.95 0.05 94338
Godrej Cons Products Ltd 1040.9 -2.13 570936 799647 70.82 Nifty Financial Services 19594.35 -0.21 94344


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 23rd June, 2023

INR: Federal Fiscal Deficit (May) on 30th June, 2023

 USD: Services PMI (Jun) on 23rd June, 2023

USD: Building Permits on 27th June, 2023


  • India’s benchmark stock indices swung between gains and losses to end lower after Sensex hit a fresh record high in pre-open and both indices dropped at opening on Thursday. While, I.T. and PSU banks were the top losing sectors, media and metal sectors advanced. ICICI Bank Ltd., and HDFC twins led the positive change, whereas Infosys Ltd., and RIL Ltd. dragged.

  • GE Aerospace, the US-based aircraft engine supplier, on June 22 announced the signing of a memorandum of understanding (MoU) with India’s public defence firm Hindustan Aeronautics Ltd (HAL) to produce fighter jet engines for the Indian Air Force (IAF).

  • The new-age tech sector is clawing back after the debacle of 2022 and are set to produce true two multi-baggers in the near future, Motilal Oswal Asset Management Company co-founder Raamdeo Agrawal told Moneycontrol in an interview on June 22.

  • Larsen & Toubro Ltd, commonly known as L&T, announced on June 22 the signing of a contract with DRDO for realisation of two Air Independent Propulsion (AIP) System Modules for Kalvari Class of Submarines of the Indian Navy.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AVANTEL Stock  Split 23-Jun-23 PRISMX General 24-Jun-23
BALASORE A.G.M.;General 23-Jun-23 PVVINFRA General 24-Jun-23
BHANDERI Half Yearly Results;Audited Results 23-Jun-23 RECLTD Final Dividend 24-Jun-23
HIMATSEIDE General 23-Jun-23 SUPRAP General 24-Jun-23
LIKHAMI General 23-Jun-23 VGIL General 24-Jun-23
NIRBHAYIND Increase in Authorised Capital;Issue Of Warrants;A.G.M.;General 23-Jun-23 AFFORDABLE General 26-Jun-23
NITINCAST General 23-Jun-23 CUB A.G.M.;General 26-Jun-23
PECOS Final Dividend 23-Jun-23 ESARIND General 26-Jun-23
PGCRL Preferential Issue of shares 23-Jun-23 MAHALXSE General 26-Jun-23
REMLIFE Bonus issue;Stock  Split;General 23-Jun-23 MARG Audited Results 26-Jun-23
RPPINFRA General 23-Jun-23 MAYURFL General 26-Jun-23
SHILPAMED Right Issue of Equity Shares;General 23-Jun-23 RANDER Audited Results;General 26-Jun-23
SREEL General 23-Jun-23 SBECSYS Reduction of Capital 26-Jun-23
UNISTRMU Quarterly Results;General 23-Jun-23 SVRL General 26-Jun-23
WARDINMOBI General 23-Jun-23 TILAK General 26-Jun-23
XOINFO General 23-Jun-23 WANBURY Audited Results 26-Jun-23
YESBANK General 23-Jun-23 BILLWIN Right Issue of Equity Shares 27-Jun-23
EXHICON General 24-Jun-23 CSLFINANCE Preferential Issue of shares 27-Jun-23
KSOLVES General 24-Jun-23 EY Preferential Issue of shares;General 27-Jun-23
MTPL General 24-Jun-23 HAL Stock  Split;Final Dividend 27-Jun-23
NARBADA General 24-Jun-23 HINDNATGLS General 27-Jun-23
NTPC General 24-Jun-23 INSILCO General 27-Jun-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AKI 22-Jun-23 Stock  Split From Rs.10/- to Rs.2/- TAPARIA 26-Jun-23 Final Dividend – Rs. – 77.5000
EMUDHRA 22-Jun-23 Final Dividend – Rs. – 1.2500 TATACOMM 26-Jun-23 Final Dividend – Rs. – 21.0000
RAINBOW 22-Jun-23 Final Dividend – Rs. – 3.0000 ANANTRAJ 27-Jun-23 Final Dividend – Rs. – 0.5000
SOLIMAC 22-Jun-23 Final Dividend – Rs. – 1.5000 BOMOXY-B1 27-Jun-23 Final Dividend – Rs. – 15.0000
TATAELXSI 22-Jun-23 Dividend – Rs. – 60.6000 SAGARSOFT 27-Jun-23 Dividend – Rs. – 2.0000
TATASTEEL 22-Jun-23 Final Dividend – Rs. – 3.6000 SPLPETRO 27-Jun-23 Final Dividend – Rs. – 7.0000
VTMLTD 22-Jun-23 Final Dividend – Rs. – 0.7000 THANGAMAYL 27-Jun-23 Final Dividend – Rs. – 6.0000
BALLARPUR 23-Jun-23 Resolution Plan -Suspension WELSPUNIND 27-Jun-23 Final Dividend – Rs. – 0.1000
BNRSEC 23-Jun-23 Dividend – Rs. – 1.5000 SKFINDIA 29-Jun-23 Final Dividend – Rs. – 40.0000
DALBHARAT 23-Jun-23 Final Dividend – Rs. – 5.0000 AEGISLOG 30-Jun-23 Final Dividend – Rs. – 1.2500
DBOL 23-Jun-23 Dividend – Rs. – 3.5000 ALUFLUOR 30-Jun-23 Final Dividend – Rs. – 2.0000
DIGIFIBRE 23-Jun-23 Income Distribution (InvIT) BAJAJ-AUTO 30-Jun-23 Final Dividend – Rs. – 140.0000
DUTRON 23-Jun-23 Dividend – Rs. – 1.4000 BAJAJFINSV 30-Jun-23 Final Dividend – Rs. – 0.8000
GHCL 23-Jun-23 Final Dividend – Rs. – 17.5000 BAJAJHLDNG 30-Jun-23 Final Dividend – Rs. – 13.0000
MIL 23-Jun-23 Final Dividend – Rs. – 0.1000 BAJFINANCE 30-Jun-23 Final Dividend – Rs. – 30.0000
PLASTIBLEN 23-Jun-23 Final Dividend – Rs. – 4.0000 BANKBARODA 30-Jun-23 Dividend – Rs. – 5.5000
PNB 23-Jun-23 Dividend – Rs. – 0.6500 CANFINHOME 30-Jun-23 Final Dividend – Rs. – 2.0000
RAYMOND 23-Jun-23 Final Dividend – Rs. – 3.0000 DDEVPLASTIK 30-Jun-23 Bonus issue 1:10
SALORAINTL 23-Jun-23 E.G.M. ESCORTS 30-Jun-23 Final Dividend – Rs. – 7.0000
SKPSEC 23-Jun-23 Dividend – Rs. – 1.0000 GLAXO 30-Jun-23 Final Dividend – Rs. – 32.0000
SKYIND 23-Jun-23 Final Dividend – Rs. – 1.0000 GRNLAMIND 30-Jun-23 Final Dividend – Rs. – 1.5000
TORNTPHARM 23-Jun-23 Final Dividend – Rs. – 8.0000 HITECHCORP 30-Jun-23 Final Dividend – Rs. – 1.0000

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