The NIFTY opened at 19297.40 with a gap down of 89 points. The Index initially moved higher and tried to fill the gap but found resistance quickly and turned down. Prices have recorded its intraday high at 19339.55 and saw a sharp decline. Prices have recorded its intraday low at 19229.70 and then turned up but again found resistance near the opening tick. The index moved range bound afterward and was very volatile in a tight narrow range. Prices have finally closed at 19265.80 near its opening tick with a loss of 120.90 points or 0.62% down. All the sectoral indices moved down today and ended with a loss. METAL, PHARMA, FMCG, and REALTY led the bears today and closed with a loss of over 1% followed by BANK, AUTO, and IT. The short-term trend is sideways. Support is visible around the 19200- 19300 zone while resistance is visible around 19700.


The BANK NIFTY opened at 44276.20 with a gap down of 185 points. The index continued its early morning bearish momentum and saw a sharp downside move. Prices have found support around 44000, build a range there which eventually broke higher. A rally took the index to its opening tick and then again prices formed a consolidation there which lasted almost till the end. The index recorded its intraday low at 43983.75, its intraday high at 44359.10, and finally closed at 44173.80 with a loss of 288 points. PSU BANK again underperformed today, saw a sharp downside move, and ended with a loss of 1.51% PVT BANK also moved down today and ended with a loss of 0.42%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is sideways now. A very strong support zone is visible around 43500-44000. Resistance is visible around the 44500-45000 zone.


IRCTC 658.25 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 665.10 with a stop loss of 650.40 and a target of 702.35.
EXIDE IND 259.00 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 256.65 with a stop loss of  262.35 and a target of 244.35.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BAJAJ FINSERVE   1500 CE BUY 17.95 CMP 11.15 38.35 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ESCORTS.23.08 Aug 3027.15 2.6 5.28 1251250 SYNGENE.23.08 Aug 767.65 -3.95 5.76 3803000
ABCAPITAL.23.08 Aug 180 -2.47 0.15 22361400
NIFTY.23.08 Aug 19250.3 -0.75 2.74 9808650
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDEA.23.08 Aug 8.7 9.43 -12.39 642640000 GMRINFRA.23.08 Aug 61.9 -4.62 -17.51 97020000
IBULHSGFIN.23.08 Aug 172.95 8.5 -1.82 47511600 L&TFH.23.08 Aug 121.5 -3.61 -10.63 48323460
SUNTV.23.08 Aug 603.45 3.76 -18.37 5493000 INDIAMART.23.08 Aug 3021.05 -3.3 -16.68 539400
INDUSTOWER.23.08 Aug 168.45 2.71 -6.18 70244000 AMBUJACEM.23.08 Aug 435.15 -3.29 -4.14 58375800
BAJAJFINSV.23.08 Aug 1503 2.29 -8.62 8016000 COROMANDEL.23.08 Aug 1062.6 -3.15 -9.61 1501500

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dr. Reddys Lab Ltd 5779.25 -2.17 942648 640411 77.63 Nifty50 19265.8 -0.62 37736352
Coforge Limited 5256.2 -2.5 1834899 16877825 76.24 Niftybank 44231.45 -0.59 16443191
Infosys Limited 1420.1 -0.25 4307172 3925956 75.91 Nifty it 30914.55 -0.63 969504
Bosch Limited 18279.35 -0.46 28473 25591 74.47 India Vix 12.08 3.25 605327176
Eicher Motors Ltd 3341.15 -0.01 463506 624269 74.3 Nifty Fmcg 51506.8 -1.02 304768
Oberoi Realty Limited 1081.05 -1.55 388624 455840 73.95 Nifty Pharma 15025.2 -1.11 48207878
Hcl Technologies Ltd. 1153.95 -1.48 2105159 1816223 73.7 Nifty Realty 532.95 -1.31 1358807125
Shree Cements Ltd. 23852.3 -0.03 21989 35449 72.85 Nifty Auto 15363.6 -0.62 47236848
Icici Lombard General In 1325.8 -0.67 279437 473648 71.75 Nifty Metal 6519.35 -1.26 111038392
Sbi Cards And Payment Se 820.75 -1.16 749612 1589425 71.19 Nifty Financial Services 19651.55 -0.34 4337653

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: RBI Monetary and Credit Information Review on 31st Aug, 2023

INR: GDP Quarterly (YoY) (Q1) on 31st Aug, 2023

USD: JOLTs Job Openings (Jul) on 29th Aug, 2023

USD: CB Consumer Confidence (Aug) on 29th Aug, 2023

News Updates

  • India’s benchmark stock indices traded lower through Friday following a global selloff. Banks, healthcare and realty sectors dragged the market. Sensex ended below 65,000 level for the first time in a week since Aug. 18, while Nifty closed below 19,300 mark for the first time since June 30, 2023. The indices declined for the fifth straight week, the longest streak since the beginning of the week on April 15, 2022. The removal of Jio Financial Services from the Sensex and other BSE indices has been postponed by three days to September 1 as the stock hit the lower circuit on both August 24 and 25, the S&P Dow Jones Indices said. Jio Financial Services Ltd (JFSL) was earlier slated to be dropped from the Nifty 50 and Sensex on August 24, which was deferred to August 29 as the stock kept hitting the lower circuit.

  • Softbank, an investor in food delivery aggregator Zomato is likely to sell its shares through block deals soon as the lock-in period for investors after Blinkit deal ends on August 25, sources with knowledge of the matter said. These shares could be sold on bourses via block deals, sources said. As a result, the shares received during the Blinkit deal will unlock for trading on Monday, August 28 as part of the 12-month lock-in period.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABHIFIN A.G.M. 28-Aug-23 HITKITGLO A.G.M.;General 28-Aug-23
ACHYUT A.G.M.;General 28-Aug-23 KBSINDIA A.G.M. 28-Aug-23
AMITINT General 28-Aug-23 MASTERTR General 28-Aug-23
ANSINDUS A.G.M.;General 28-Aug-23 MAYUKH A.G.M. 28-Aug-23
ASYL A.G.M. 28-Aug-23 MERCURYEV Preferential Issue of shares 28-Aug-23
BALGOPAL A.G.M. 28-Aug-23 MINID A.G.M.;General 28-Aug-23
BETXIND A.G.M.;General 28-Aug-23 MRP A.G.M. 28-Aug-23
BHANDHOS A.G.M.;Rights Issue 28-Aug-23 PACIFICI A.G.M.;General 28-Aug-23
BLUECHIPT Final Dividend 28-Aug-23 PANORAMA A.G.M. 28-Aug-23
COMSYN A.G.M.;General 28-Aug-23 PGHH Final Dividend;Audited Results 28-Aug-23
CSL A.G.M. 28-Aug-23 POLYMAC A.G.M. 28-Aug-23
DECCAN Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 28-Aug-23 RMCL Quarterly Results 28-Aug-23
DHRUV Interim Dividend;General 28-Aug-23 SBL A.G.M. 28-Aug-23
DIAMANT General 28-Aug-23 SYLPH A.G.M.;General 28-Aug-23
DOLPHMED A.G.M.;General 28-Aug-23 TIRUSTA Increase in Authorised Capital;Preferential Issue of shares 28-Aug-23
GTV General 28-Aug-23 TRANSVOY A.G.M.;General 28-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BANARISUG 28-Aug-23 Dividend – Rs. – 12.5000 BAPACK 31-Aug-23 Final Dividend – Rs. – 1.5000
PRECWIRE 28-Aug-23 Final Dividend – Rs. – 0.3600 ECLERX 31-Aug-23 Final Dividend – Rs. – 1.0000
WARDINMOBI 28-Aug-23 Final Dividend – Rs. – 0.1000 GEECEE 31-Aug-23 Final Dividend – Rs. – 2.0000
BIRLACORPN 29-Aug-23 Final Dividend – Rs. – 2.5000 KAMAHOLD 31-Aug-23 Interim Dividend – Rs. – 82.0000
DATAINFRA 29-Aug-23 Income Distribution (InvIT) NMDC 31-Aug-23 Final Dividend – Rs. – 2.8500
ELNET 29-Aug-23 Final Dividend – Rs. – 2.0000 SIGACHI 31-Aug-23 Final Dividend – Rs. – 1.0000
GMM 29-Aug-23 Final Dividend – Rs. – 1.0000 UNOMINDA 31-Aug-23 Final Dividend – Rs. – 1.0000
INDOUS 29-Aug-23 Bonus issue 1:1 ZSWASTSA 31-Aug-23 Final Dividend – Rs. – 1.0000
MYSORPETRO 29-Aug-23 Final Dividend – Rs. – 2.5000 APLAPOLLO 01-Sep-23 Final Dividend – Rs. – 5.0000
PILANIINVS 29-Aug-23 Dividend – Rs. – 15.0000 ARVINDFASN 01-Sep-23 Final Dividend – Rs. – 1.0000
TMB 29-Aug-23 Final Dividend – Rs. – 5.0000 BHAGIL 01-Sep-23 Final Dividend – Rs. – 1.0000
CMSINFO 30-Aug-23 Final Dividend – Rs. – 4.7500 BRAHMINFRA 01-Sep-23 E.G.M.
IONEXCHANG 30-Aug-23 Dividend – Rs. – 1.2500 DMR 01-Sep-23 Final Dividend – Rs. – 0.1100
SKMEGGPROD 30-Aug-23 Final Dividend – Rs. – 0.5000 FOODSIN 01-Sep-23 Final Dividend – Rs. – 0.2500
TANLA 30-Aug-23 Final Dividend – Rs. – 4.0000 FOODSIN 01-Sep-23 Special Dividend – Rs. – 0.2500
BAIDFIN 31-Aug-23 Final Dividend – Rs. – 0.1000 GANESHHOUC 01-Sep-23 Final Dividend – Rs. – 2.4000

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