The NIFTY opened at 19809.60 without much of a gap. The index initially moved sideways, then broke on the downside, and saw a minor decline for about half an hour. Prices have recorded its intraday high at 19832.85 in its initial trades. The down move found support quickly and then the index formed a consolidation which broke on the downside. Prices have moved down sharply, recorded its intraday low at 19768.85, and saw a minor recovery towards the end. The index finally closed at 19794.70 with a loss of just 7.30 points or 0.04% down. PHARMA and METAL outperformed and ended with a gain of over half percent followed by BANK and FINANCIAL. The IT underperformed and ended with a loss of nearly 1% followed by FMCG and OIL GAS. The NIFTY has been moving very narrowly for the past few trading days suggesting a sharp move is ahead. The short-term trend is up. Support is visible around 19500 while resistance is visible around 19850.


The BANK NIFTY opened at 43607.35 without much of a gap. Prices initially moved higher but could not go much above and started a consolidation process. The range-bound session broke on the downside and prices moved lower but bounced up again. This time the rally continued till the end. The index recorded its intraday low at 43566.15, its intraday high at 43769.60, and finally closed at 43764.45 with a gain of 176 points. PVT BANK has outperformed, saw a mild up move, and dosed with a gain of 0.39% PSU BANK has underperformed, saw a mild down move and ended with a loss of 0.34% Within the index, in terms of points, HDFC BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. Prices have continued moving narrowly for the past few days suggesting a sharp move is ahead. We should ready to take a trade in the direction of a breakout.


BIRLA CORP 1311.55 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1311.55 with a stop loss of 1268.50 and a target of 1450.00.
CHOLAMANDALAM FINANCE 1094.50 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1094.50 with a stop loss of 1116.05 and a target of 1050.50.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
NIFTY 50  19800 CE BUY 92 ABOVE 98 87 131 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BHEL.23.11 Nov 152.15 6.32 -41.41 50347500 M&MFIN.23.11 Nov 264.6 -2.92 -32.16 20148000
GMRINFRA.23.11 Nov 60.25 5.24 -11.4 99033750 BALRAMCHIN.23.11 Nov 458.15 -2.61 -20.22 5939200
HAL.23.11 Nov 2243.7 4.61 -9.02 5614200 IEX.23.11 Nov 142.15 -2.24 -11.2 45097500
GRANULES.23.11 Nov 386.65 4.3 -22.1 8106000 IDEA.23.11 Nov 13.35 -2.2 -12.14 936160000
LUPIN.23.11 Nov 1243.35 3.41 -4.69 7981500 HINDPETRO.23.11 Nov 320.05 -2.14 -11.98 38788200

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Shree Cements Ltd. 25645.4 -1.07 13597 52275 90.97 Nifty50 19794.7 -0.04 32109960
Au Small Finance Bank Li 722.2 0.4 1619706 1189597 73.75 Niftybank 43769.1 0.44 14541879
Tata Consultancy Serv Lt 3457.1 -1.46 1989733 1933265 70.82 Nifty it 32055.15 -0.97 673112
United Breweries Limited 1584.1 -1.32 409804 207251 70.42 India Vix 11.33 0.09 559888106
Dalmia Bharat Limited 2231.1 2.11 464733 190425 69.09 Nifty Fmcg 52576.9 -0.47 240632
Marico Limited 523.65 -1.37 1124449 816497 68.39 Nifty Pharma 15954.5 0.87 39851404
Mphasis Limited 2319.4 -1.4 118966 295277 66.22 Nifty Realty 702.95 0.26 903407685
Godrej Cons Products Ltd 1009.5 -0.13 720428 300111 65.38 Nifty Auto 17040.35 0.04 37288290
Power Grid Corporation o 210.45 -0.21 7250200 7372917 64.77 Nifty Metal 6874.25 0.67 92549548
Indraprastha Gas Limited 392 0.44 1359246 1129494 64.51 Nifty Financial Services 19652 0.33 2842962

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: GDP Quarterly (YoY) (Q2) on 30th November, 2023

INR: Federal Fiscal Deficit (Oct) on 30th October, 2023

USD: GDP (QoQ) (Q3) on 29th November, 2023

USD: Crude Oil Inventories on 29th November, 2023

News Updates


  • Sensex drops 48 points, Nifty ends below 19,800; IT stocks slump while pharma, metal gain. After a volatile day, benchmark indices closed with cuts on November 24 extending the losing run to the second session. IT stocks were among the biggest drags while buying was seen in pharma and metal stocks.The Sensex ended down 47.77 points or 0.07 percent at 65,970.04, and the Nifty slipped 7.30 points or 0.04 percent at 19,794.70. Market breadth favoured losers. About 1,721 shares advanced, 1,849 shares declined, and 114 shares unchanged.

  • Mamaearth’s parent company Honasa Consumer share price jumped 11 percent on the November 24 afternoon, extending the rally to the second day. The share has gained 35 percent in the last two days after Jefferies retained the “buy” call on the stock and raised the target price while adding the personal care firm to its model portfolio.

  • The action in the primary market continues to keep investors busy on November 24 as well, with investors rushing in for Tata Technologies, Flair Writing Industries, Fedbank Financial Services and Gandhar Oil Refinery on the final bidding day.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BALGOPAL General 28-Nov-23 PVVINFRA General 29-Nov-23
MERCTRD Right Issue of Equity Shares;General 28-Nov-23 RAJOOENG Buy Back of Shares 29-Nov-23
PODDAR Quarterly Results 28-Nov-23 SUPRAPFSL General 29-Nov-23
RAWEDGE General 28-Nov-23 WORTH General 29-Nov-23
REGTRUS General 28-Nov-23 GARGFUR General 30-Nov-23
SIEMENS Final Dividend;Audited Results 28-Nov-23 ASKAUTOLTD Quarterly Results 01-Dec-23
SPECFOOD General 28-Nov-23 IRIS Employees Stock Option Plan;Increase in Authorised Capital 01-Dec-23
BINNY Audited Results 29-Nov-23 GENNEX Increase in Authorised Capital;Preferential Issue of shares 02-Dec-23
BINNYMILLS General 29-Nov-23 HINDBIO General 04-Dec-23
BPCL Interim Dividend 29-Nov-23 STML Issue Of Warrants;General 04-Dec-23
MACKINN Quarterly Results 29-Nov-23 SBC Bonus issue;General 05-Dec-23
MANINFRA Issue Of Warrants;General;Preferential Issue of shares 29-Nov-23 DOLPHINOFF Stock  Split 07-Dec-23
MANJEERA Quarterly Results 29-Nov-23 KEYFINSER Reduction of Capital 08-Dec-23
PRITIKAUTO General 29-Nov-23 METALFORGE Quarterly Results 15-Dec-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SEPC 28-Nov-23 Right Issue of Equity Shares ALPHAIND 01-Dec-23 Bonus issue 1:1
TALBROAUTO 28-Nov-23 Interim Dividend – Rs. – 0.2000 NITINCAST 01-Dec-23 E.G.M.
VSL 28-Nov-23 Interim Dividend – Rs. – 0.0500 JYOTISTRUC 04-Dec-23 E.G.M.
DATAINFRA 29-Nov-23 Income Distribution (InvIT) PANCHSHEEL 04-Dec-23 Interim Dividend – Rs. – 0.8000
MLKFOOD 29-Nov-23 Interim Dividend – Rs. – 2.5000 SCL 06-Dec-23 E.G.M.
GUJINV 30-Nov-23 E.G.M. DHYAANI 07-Dec-23 Bonus issue 9:5
THEBYKE 30-Nov-23 E.G.M. POOJAENT 08-Dec-23 Bonus issue 6:1

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