The NIFTY opened at 20155.95 with a gap down of 37 points. Initially, the index moved lower for the first ten minutes of trading, found support. and started moving higher. Prices have seen a sharp rally and came into positive territory but soon faced resistance around 20200. The index consolidated there and then broke on the downside. The NIFTY moved down afterward after recording its intraday high at 20195.35, kept on sliding lower till the end, recorded its intraday low at 20115.70, and finally closed at 20133.30 with a loss of 59.05 points or 0.29% down. AUTO outperformed today and gained nearly one percent followed by FMCG. MEDIA, METAL, and REALTY underperformed today and closed lower by more than 1% followed by OT, BANK, and FINANCIAL. The short-term trend is up and there is no doubt about it as the index is trading around its lifetime new highs. However, for the past three trading days, the momentum became very weak.


The BANK NIFTY opened at 46100.95 with a gap down of 53 points. The index initially moved sideways which broke on the upside and prices moved higher but soon found resistance and turned down. The decline was sharp and soon prices erased all the gains. The index kept on sliding lower for the rest of the day. Prices have recorded its intraday high at 46252.95, its intraday low at 45906.90, and finally closed at 45950.70 with a loss of 204 points. PSU BANK significantly outperformed, saw a sharp upside move, and closed with a gain of 3.39%. PVT BANK saw a mild downside move and closed with a loss of 0.83%. Within the index, in terms of points, BANK BARODA contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is up. Support is visible around 44800 while resistance is visible around 46200.


BAJAJ FINSERVE 1559.95 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1565.70 with a stop loss of 1546.15 and a target of 1599.00.
BSOFT 489.05 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 486.95 with a stop loss of 493.45 and a target of 473.45.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HUL  2500 CE BUY 21.10 CMP 18.95 29.70 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PNB.23.09 Sep 76.9 3.57 9.19 253584000 IDEA.23.09 Sep 10.9 -7.63 7.25 1102320000
PFC.23.09 Sep 288.05 2.89 0.02 59644000 SYNGENE.23.09 Sep 802.05 -3.85 8.88 4216000
BANKBARODA.23.09 Sep 217 2.79 4.69 107172000 BSOFT.23.09 Sep 490.2 -3.13 3.07 8588000
POWERGRID.23.09 Sep 200.15 2.72 0.3 69094800 PVRINOX.23.09 Sep 1716.5 -3.01 5.69 4947085
BEL.23.09 Sep 139.8 2.72 4.29 74875200 DIXON.23.09 Sep 4930 -2.9 2.3 1262800
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RECLTD.23.09 Sep 253.25 3.28 -4.62 55960000 GNFC.23.09 Sep 618.5 -5.04 -0.49 8266700
HDFCLIFE.23.09 Sep 662 2.23 -4.1 17452600 ZEEL.23.09 Sep 265.8 -3.28 -0.66 92940000
IBULHSGFIN.23.09 Sep 196 2.14 -0.15 53142000 INDIACEM.23.09 Sep 242.75 -1.98 -0.87 19244400
BPCL.23.09 Sep 360.1 1.87 -1.55 25452000 PERSISTENT.23.09 Sep 5858.4 -1.85 -3.6 1002400
MANAPPURAM.23.09 Sep 143.85 1.37 -0.11 66540000 CANFINHOME.23.09 Sep 770.75 -1.73 -0.12 4168125

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Gail (india) Limited 123.5 -0.28 13376212 21603350 78.41 Nifty50 20133.3 -0.29 85761
Hindustan Unilever Ltd 2488.65 0.77 1499641 2919768 77.85 Niftybank 45979.85 -0.54 85761
Shriram Finance Limited 1912.5 -0.51 633362 1045309 77.17 Nifty it 33129.5 -0.68 85761
Hdfc Life Insurance Comp 659.95 2.33 4012209 5267702 77.15 India Vix 10.84 -0.55 85761
Siemens Ltd 3778.75 -0.84 148796 294202 74.51 Nifty Fmcg 52198.6 0.58 85761
Cipla Ltd 1240.55 0.41 1864030 1438402 74.2 Nifty Pharma 15503.45 -0.51 85761
Vedanta Limited 236.5 0.08 4974748 14649357 73.12 Nifty Realty 578.9 -1.37 85761
Titan Company Limited 3339.5 2.8 1423507 1015437 72.67 Nifty Auto 16563.9 0.84 85761
Godrej Cons Products Ltd 993.3 -0.87 707389 1053901 72.64 Nifty Metal 6957.8 -1.11 85761
Hdfc Bank Ltd. 1629.05 -1.97 18528144 62176243 71.71 Nifty Financial Services 20408.25 -0.6 85761

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Deposit Growth on 22nd September, 2023

INR: FX Reserves, USD on 22nd September, 2023

USD: Fed Interest Rate Decision on 20th September, 2023

USD: FOMC Statement on 20th September, 2023

News Updates

  • Indian benchmark indices ended lower, with the Sensex falling 241.79 points or 0.36 percent at 67,596.84, and the Nifty ended at 20,133.30, down 59 points or 0.29 percent.

  • Bajaj Auto Limited jumped 1.4 percent to Rs 5,198 on September 18, extending gains for the third straight session, after Managing Director Rajiv Bajaj said the company plans a major upgrade of its popular Pulsar bike range. The stock has rallied over 7 percent in the last three days.

  • Shares of public sector banks continued to rally for the fourth session on September 18, driving the Nifty PSU Bank index up 4 percent in the 10th session in the last 12 days. Strong credit growth, relatively lower valuations, and commendable work on the asset quality front helped the surge in the banking index.

  • Anup Jain and Rajeev Suri, the Managing Partners of Orios Venture Partners, said on September 18 via LinkedIn that they are departing from the venture capital (VC) firm to embark on a new venture of their own, adding to the growing list of high-profile exits from VC firms in recent times.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
GUJCOTEX Issue Of Warrants;General;Preferential Issue of shares 20-Sep-23 MKPL Stock  Split 23-Sep-23
GVFILM General;Preferential Issue of shares 20-Sep-23 WARDINMOBI General 23-Sep-23
JTAPARIA General 20-Sep-23 AVANCE Increase in Authorised Capital;General;Stock  Split 25-Sep-23
KBCGLOBAL General 20-Sep-23 VEERHEALTH Bonus issue 25-Sep-23
SISL General 20-Sep-23 INFRAIND General 27-Sep-23
ATALREAL Stock  Split 21-Sep-23 DILIGENT A.G.M. 29-Sep-23
DHANADACO General 21-Sep-23 VAICC A.G.M. 29-Sep-23
ECOBOAR General 21-Sep-23 AAPLUSTRAD A.G.M. 30-Sep-23
EMERALD Employees Stock Option Plan 21-Sep-23 INTETHR A.G.M. 30-Sep-23
HARAFIN Quarterly Results 21-Sep-23 HCLTECH Interim Dividend;Quarterly Results 12-Oct-23
RESPONSINF General 21-Sep-23 INFY Audited Results;Interim Dividend 12-Oct-23
TGBHOTELS General 21-Sep-23 KSOLVES Interim Dividend;Quarterly Results 15-Oct-23
IL&FSTRANS General 22-Sep-23 COFORGE Interim Dividend;Quarterly Results 19-Oct-23
MMTC Quarterly Results 22-Sep-23 ULTRACEMCO Quarterly Results 19-Oct-23
MPL General 22-Sep-23 ASIANPAINT Interim Dividend;Quarterly Results 26-Oct-23
SUCROSA General 22-Sep-23 MARUTISE Quarterly Results 30-Oct-23
SYSCHEM Right Issue of Equity Shares;General 22-Sep-23 ABB Quarterly Results 09-Nov-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
63MOONS 20-Sep-23 Final Dividend – Rs. – 2.0000 KLBRENG-B 20-Sep-23 Dividend – Rs. – 1.0000
AKSCHEM 20-Sep-23 Final Dividend – Rs. – 0.5000 LEHAR 20-Sep-23 Final Dividend – Rs. – 0.2500
AMARJOTHI 20-Sep-23 Dividend – Rs. – 2.2000 LIKHITHA 20-Sep-23 Final Dividend – Rs. – 1.5000
ARROWGREEN 20-Sep-23 Dividend – Rs. – 1.0000 MAZDOCK 20-Sep-23 Final Dividend – Rs. – 6.8600
BALMLAWRIE 20-Sep-23 Final Dividend – Rs. – 7.5000 MEDICAMEQ 20-Sep-23 Final Dividend – Rs. – 1.0000
BDL 20-Sep-23 Final Dividend – Rs. – 1.2000 MERCURYLAB 20-Sep-23 Final Dividend – Rs. – 3.5000
BEML 20-Sep-23 Final Dividend – Rs. – 5.0000 NIPPOBATRY 20-Sep-23 Final Dividend – Rs. – 5.0000
BESTAGRO 20-Sep-23 Final Dividend – Rs. – 3.0000 PTC 20-Sep-23 Final Dividend – Rs. – 7.8000
BLIL 20-Sep-23 Final Dividend – Rs. – 33.0000 RUBYMILLS 20-Sep-23 Final Dividend – Rs. – 1.2500
BNL 20-Sep-23 Final Dividend – Rs. – 0.5000 RVNL 20-Sep-23 Final Dividend – Rs. – 0.3600
CENTURYPLY 20-Sep-23 Dividend – Rs. – 1.0000 SAIL 20-Sep-23 Final Dividend – Rs. – 0.5000
CGVAK 20-Sep-23 Dividend – Rs. – 1.0000 SKYGOLD 20-Sep-23 Final Dividend – Rs. – 1.0000
COMFINTE 20-Sep-23 Final Dividend – Rs. – 0.0600 SPENTA 20-Sep-23 Final Dividend – Rs. – 1.0000
ESTER 20-Sep-23 Final Dividend – Rs. – 0.5000 SPIC 20-Sep-23 Dividend – Rs. – 1.5000
FILATEX 20-Sep-23 Final Dividend – Rs. – 0.1500 SUNTECK 20-Sep-23 Final Dividend – Rs. – 1.5000
GRWRHITECH 20-Sep-23 Final Dividend – Rs. – 10.0000 TANFACIND 20-Sep-23 Dividend – Rs. – 6.5000
HEIDELBERG 20-Sep-23 Dividend – Rs. – 7.0000 VICTMILL 20-Sep-23 Final Dividend – Rs. – 50.0000
HINDWAREAP 20-Sep-23 Final Dividend – Rs. – 0.5000 VINCOFE 20-Sep-23 Dividend – Rs. – 0.0500
INDOAMIN 20-Sep-23 Final Dividend – Rs. – 0.5000 ACCEL 21-Sep-23 Final Dividend – Rs. – 0.3000
ITDC 20-Sep-23 Dividend – Rs. – 2.2000 ASAHISONG 21-Sep-23 Final Dividend – Rs. – 0.5000
IWP 20-Sep-23 Final Dividend – Rs. – 0.0500 ASHIANA 21-Sep-23 Final Dividend – Rs. – 0.5000
KCPSUGIND 20-Sep-23 Final Dividend – Rs. – 0.2000 ASTAR 21-Sep-23 Dividend – Rs. – 1.5000

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