The NIFTY opened at 17210.35 with a big gap up of 130 points. The index continued its early morning bullish momentum and rallied higher sharply. Prices recorded their intraday low at 17204.65 in the initial trades and kept rising throughout the day. The index crossed above 17350 and recorded its intraday high at 17381.60. Prices spent the last hour of trading moving sideways and finally closed at 17359.75, near the day’s highs, with a gain of 279.05 points or 1.63% up. All sectoral indices participated, up move and closed higher, with IT and OIL GAS leading the way with a gain of over 2%, followed by BANK, FINANCIAL, and REALTY. The short-term trend is now up. We have been tracking a trading range inside 16850-17200, which has decisively broken on the upside, giving us a pattern target around 17550. The target may or may not be met, but it suggests that higher levels may be ahead. We should only look for buying opportunities as long as the index is moving above the 17000 level.


The BANK NIFTY opened at 40231.25 with a big gap up of 218 points. The index continued its bullish momentum and continued moving higher after recording its intraday low at 40180.20 in its initial trades. Prices kept increasing for the whole day with minor dips in between. The index recorded its intraday high at 40690.40 and finally closed at 40602.35 with a gain of 589 points. PVT BANK has outperformed, saw a sharp intraday rally, and closed higher by 1.92%. PSU BANK has also moved up today and ended with a gain of 0.92%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while AU BANK contributed the lowest. For the past few trading days, we have been tracking a narrow trading range inside 38500-40000. The range has broken on the upside and giving us a pattern target around 41500. The short-term trend is up now. We should look for buying only as long as the index is moving above the 40000 level.


DEEPAK NTR 1842.60 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1843 with a stop loss of 1807 and a target of 1933.
ASIAN PAINT 2761.65 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2756.15 with a stop loss of 2769 and a target of 2729.20.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
CIPLA   900 CE BUY 24.15 CMP 20 32 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BEL.23.04 Apr 98.3 7.67 1972.28 98866500 AUBANK.23.04 Apr 567.25 -2.86 1911.88 12192000
GRANULES.23.04 Apr 292.45 6.87 3493.48 6612000 MIDCPNIFTY.23.04 Apr 6829.95 -2.32 0 75
BALRAMCHIN.23.04 Apr 398 5.78 731.41 5081600 VEDL.23.04 Apr 274.6 -2.29 1553.91 41414000
INDIGO.23.04 Apr 1923.05 5.18 681.52 2968200 GUJGASLTD.23.04 Apr 461.4 -1.83 1273.04 3947500
INDIACEM.23.04 Apr 186.2 5.14 1950.85 17545000 LTTS.23.04 Apr 3314.6 -1.59 1693.45 1040200
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2560.35 1.17 2146167 1926986 73.74 Nifty50 17359.75 1.63 32162348
United Breweries Limited 1424.45 1.26 203026 253263 73.71 Niftybank 40608.65 1.75 13748819
Power Grid Corporation o 225.7 1.46 7651544 10851469 73.28 Nifty it 28698.6 2.45 1210887
Infosys Limited 1427.95 3.21 8711975 6348499 72.03 India Vix 12.94 -5.06 419619276
Indigo 1910.65 4.67 1498501 447783 70.68 Nifty Fmcg 45904.9 1.06 442126
Hdfc Ltd. 2625.5 0.86 4953387 2753944 70.06 Nifty Pharma 12017.05 0.62 46377617
Cipla Ltd 900.5 1.44 2320879 2128943 69.81 Nifty Realty 387.35 1.63 1440575792
City Union Bank Ltd. 125.85 2.73 3220329 2670867 68.91 Nifty Auto 12243.8 1.01 45584458
Firstsource Solutions Li 105.5 0.76 2842159 4087941 67.3 Nifty Metal 5497.45 0.68 101046355
Dabur India Ltd. 544.9 1.73 1361128 1208980 66.99 Nifty Financial Services 18058.7 1.49 6142760


   Domestic                                                                                                                                                  International
INR: Nikkei S&P Global Manufacturing PMI (Mar) 03rd April, 2023

INR: Nikkei Services PMI (Mar) on 05th April, 2023

 USD: ISM Manufacturing PMI (Mar) on 3rd April, 2023

USD: JOLTs Job Openings (Feb) on 05th April, 2023


  • Benchmark indices ended on a strong note with Nifty above 17,300 amid buying seen across the sectors. At close, the Sensex was up 1,031.43 points or 1.78% at 58,991.52, and the Nifty was up 279.10 points or 1.63% at 17,359.80. About 2322 shares advanced, 1145 shares declined, and 108 shares unchanged.

  • Defence stocks took centre stage on March 31 with several of them rising sharply on the back of order wins. Shares of Bharat Electronics Ltd (BEL), Bharat Dynamics Ltd (BDL), Garden Reach Shipbuilders and Engineers (GRSE), Cochin Shipyard, and Paras Defence and Space Technologies settled 4-7 percent higher.

  • At a time when pharmaceutical companies have failed to attract investors due to weakening financials, three drugmakers — Aurobindo Pharma, Alkem Laboratories, and Zydus Lifesciences — have managed to achieve significant returns of 10-16 percent in the current year. This is noteworthy considering that the Nifty Pharma index has nosedived 15.5 percent in 2023.

  • Escorts Kubota Ltd.’s dispatches to dealerships rose 2.3% to 10,305 units in March as sales were impacted due to unseasonal rainfall.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BCG General 03-Apr-23 FILME Quarterly Results 06-Apr-23
DHAMPURSUG Interim Dividend;General 03-Apr-23 GMBREW Audited Results;Final Dividend 06-Apr-23
GAL Issue Of Warrants;General;Preferential Issue of shares 03-Apr-23 GSLSU General 06-Apr-23
JANUSCORP General 03-Apr-23 INFRATRUST General 06-Apr-23
KRL Preferential Issue of shares 03-Apr-23 LOKESHMACH Issue Of Warrants;General;Preferential Issue of shares 06-Apr-23
MENAMANI General 03-Apr-23 MUTHOOTFIN Interim Dividend 06-Apr-23
PRIMIND Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 03-Apr-23 PRERINFRA Right Issue of Equity Shares;General 06-Apr-23
SUPREMEINF General;Quarterly Results 03-Apr-23 ROSEMER General 06-Apr-23
TITANIN General 03-Apr-23 METALFORGE Quarterly Results 07-Apr-23
VOLLF General 03-Apr-23 STRATMONT General 07-Apr-23
BRITANNIA Interim Dividend 04-Apr-23 TRIVIKRAMA General 07-Apr-23
EMPOWER Consolidation of Shares;General 04-Apr-23 DHANFAB General 08-Apr-23
GILADAFINS General 04-Apr-23 SIPIND General 10-Apr-23
GREENCREST General 04-Apr-23 NESTLEIND Interim Dividend 12-Apr-23
INTRGLB General 04-Apr-23 TCS Audited Results;Final Dividend 12-Apr-23
SPANDANA General 04-Apr-23 INFY Audited Results;Final Dividend 13-Apr-23
BANDARAM General 05-Apr-23 HDFCBANK Audited Results 15-Apr-23
GLCL Stock  Split 05-Apr-23 ANGELONE Audited Results;Quarterly Results 17-Apr-23
PUNJCOMMU General 05-Apr-23 ICICIGI Audited Results;Final Dividend 18-Apr-23
SHUKRAPHAR General 05-Apr-23 VIVANTA Quarterly Results 18-Apr-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
HCKKVENTURE 03-Apr-23 E.G.M. GOODLUCK 13-Apr-23 Interim Dividend – Rs. – 2.0000
MKVENTURES 03-Apr-23 Right Issue of Equity Shares IZMO 13-Apr-23 E.G.M.
TEAMLEASE 03-Apr-23 Buy Back of Shares MUFIN 13-Apr-23 Stock  Split From Rs.2/- to Rs.1/-
PNBHOUSING 05-Apr-23 Right Issue of Equity Shares FLOMIC 17-Apr-23 E.G.M.
SKCIL 05-Apr-23 E.G.M. DHAMPURSUG 18-Apr-23 Interim Dividend
GHCL 06-Apr-23 Spin Off MUTHOOTFIN 18-Apr-23 Interim Dividend
RVNL 06-Apr-23 Interim Dividend – Rs. – 1.7700 HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000
SHREESEC 06-Apr-23 Stock  Split From Rs.10/- to Rs.1/- JETINFRA 21-Apr-23 Bonus issue 1:1
VEDL 06-Apr-23 Interim Dividend – Rs. – 20.5000 NESTLEIND 21-Apr-23 Interim Dividend
DEEPIND 10-Apr-23 Stock  Split From Rs.10/- to Rs.5/- NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000
EARUM 10-Apr-23 Right Issue of Equity Shares ACHYUT 25-Apr-23 Bonus issue 1:2
SCHAEFFLER 11-Apr-23 Final Dividend – Rs. – 24.0000 VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
EMAMILTD 12-Apr-23 Buy Back of Shares ABB 27-Apr-23 Dividend – Rs. – 5.5000
ESARIND 12-Apr-23 E.G.M. HCLTECH 28-Apr-23 Interim Dividend
INFRATRUST 12-Apr-23 Income Distribution (InvIT) JOSTS 28-Apr-23 Stock  Split From Rs.5/- to Rs.2/-
VBL 12-Apr-23 Final Dividend – Rs. – 1.0000 KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
VISAKAIND 12-Apr-23 Interim Dividend SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
BRITANNIA 13-Apr-23 Interim Dividend SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000
EDELWEISS 13-Apr-23 Interim Dividend – Rs. – 0.2500 CASTROLIND 04-May-23 Final Dividend – Rs. – 3.5000

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