The NIFTY opened at 18186.15 with a gap up of 56 points. The index could not sustain itself at the higher level again and started drifting downwards from the opening tick. Prices have seen a sharp intraday decline. The down move found support just above 18050 and prices have bounced up but soon resumed its down move. Soon the index formed a trading range and then saw a breakout on the upside. Prices have recorded its intraday low at 18060.40, intraday high at 18218.1,0 and finally closed at 18203.40 near its day’s highs with a gain of 73.45points or 0.41% up.IT outperformed today and closed with a gain of 1.47% followed by REALTY and AUTO. PHARMA underperformed today and closed lower by nearly 1% followed by OIL GAS and FMCG. The short-term trend is sideways. For the past 14 days, the index has been consolidating within a range of 400 points. It is very likely that this range may continue for the next few weeks. Support is visible around 18000-18050 zones while resistance is visible around 18400-18450 zones.


The BANK NIFTY opened at 43930 with a gap up of 160 points. The index initially consolidated and then broke on the downside. Prices have seen a sharp intraday fall and then went into a consolidation process. That consolidation broke on the upside and prices have moved up. The index recorded its intraday high at 44020.90 and intraday low at 43531.90. Prices have finally closed at 43956.40 with a gain of 186 points. PSU and PVT BANK both indices have performed almost the same today, saw a mild up move, and closed with a gain of 0.31% & 0.45% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while BANDHAN BANK contributed the lowest. The short-term trend is sideways now since the index is moving range bound for the past seven trading days. It was a volatile day where prices have seen intraday declines, rallies, and consolidations.


BHARTI AIRTEL 805.75 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 808.60 with a stop loss of 799.45 and a target of 833.00.
BHARAT FORGE 757.30 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 752.75 with a stop loss of 768.40 and a target of 722.30.


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
BSOFT.23.05 May 334.05 4.7 14.79 9114000 SIEMENS.23.05 May 3640 -5.24 12.53 2002550
ADANIPORTS.23.05 May 688.95 3.54 1.12 36068125 BANDHANBNK.23.05May 238.3 -2.69 0.41 41778000
TATAMOTORS.23.05 May 524.5 2.93 1.52 53309250 ZYDUSLIFE.23.05 May 496.3 -2.62 5.33 7297200
PERSISTENT.23.05 May 4871 2.85 2.26 1022875 DIVISLAB.23.05 May 3070.1 -2.51 1.68 3714450
MPHASIS.23.05 May 1896.65 2.46 0.57 2361700 BHEL.23.05 May 80.05 -1.96 5.71 91969500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RAMCOCEM.23.05 May 841.6 7.72 -10.08 3820750 ASTRAL.23.05 May 1653.35 -2.15 -5.23 1330008
ADANIENT.23.05 May 1959.4 3.73 -4.97 8191500 LALPATHLAB.23.05 May 1937.9 -1.87 -0.99 796500
OBEROIRLTY.23.05 May 917.8 3.19 -0.55 6642300 IGL.23.05 May 471.6 -1.85 -3.1 7188500
NAUKRI.23.05 May 3827.75 2.37 -1.62 1405250 BALKRISIND.23.05 May 2153.65 -1.82 -1.98 1410600
LICHSGFIN.23.05 May 374.5 2.31 -3.01 18198000 AUROPHARMA.2305May 589.6 -1.78 -2.27 9024000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Container Corp Of India 626.35 -0.8 2513385 1285964 76.64 Nifty50 18203.4 0.41 116718
Pidilite Industries Ltd 2566.6 0.56 313001 301837 76.54 Niftybank 43969.4 0.5 116658
Eicher Motors Ltd 3570.9 -0.15 762689 932408 75.49 Nifty it 28303.65 1.47 116658
Dabur India Ltd. 519.1 -0.83 1402249 1149353 72.79 India Vix 12.3 -3.89 116943
Alkem 3302.1 -0.73 580221 268496 71.94 Nifty Fmcg 48874.25 -0.03 116658
Sbi Life Insurance Compa 1154.15 0.13 333049 793875 70.04 Nifty Pharma 12124.25 -0.96 116658
Hcl Technologies Ltd. 1095.35 1.43 1984436 1055687 69.65 Nifty Realty 458.7 0.87 116658
Godrej Cons Products Ltd 1009.75 0.09 554652 479131 69.25 Nifty Auto 13863.55 0.7 116658
Hdfc Ltd. 2710.95 -0.19 2303627 1480124 69.01 Nifty Metal 5618.05 0.29 116658
Sun Pharma  Ltd 925.85 -0.41 1309343 2021825 67.08 Nifty Financial Services 19420.2 0.29 116658


   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (Mar) on 31st May, 2023

INR: GDP Quarterly (YoY) (Q4) on 31st May, 2023

 USD: Services PMI (May) on 23rd May, 2023

USD: New Home Sales (Apr) on 23rd May, 2023


  • Indian benchmark indices ended higher in the highly volatile session on May 19. At close, the Sensex was up 297.94 points or 0.48 percentat 61,729.68, and the Nifty was up 73.40 points or 0.40percentat 18,203.40. About 1,587 shares advanced, 1,759 declined, and 139 were unchanged.

  • The total value of Rs 2,000 notes in circulation has declined to 10.8 percent of the total as on March 31, 2023, according to the data shared by the Reserve Bank of India (RBI). About 89 percent of the Rs 2,000 denomination banknotes were issued prior to March 2017 and are at the end of their estimated life span of 4-5 years, the RBI said on May 19.

  • Stocks part of Adani Group have lost a combined $10 billion in market value this week, weighed down by MSCI Inc.’s move to exclude two entities from its India gauge and concerns over potential dilution from a fundraising plan.

  • International Debit, Credit Card Spends Of Up To Rs 7 Lakh A Year Exempt From 20% TCS The government partially rolls back the move that had triggered concerns of adding burden on genuine taxpayers.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABFRL Audited Results 22-May-23 COLORCHIPS Audited Results 22-May-23
ACROW Audited Results;Quarterly Results 22-May-23 COMPUSOFT Final Dividend;General;Audited Results;Quarterly Results 22-May-23
AGIOPAPER General;Audited Results 22-May-23 CONFINT General;Audited Results 22-May-23
AHLEAST Audited Results 22-May-23 DAIKAFFI Quarterly Results 22-May-23
ALPHA Quarterly Results 22-May-23 DANUBE Audited Results 22-May-23
ARCEEIN General;Audited Results 22-May-23 DECANBRG General;A.G.M.;Audited Results;Quarterly Results 22-May-23
ARFIN Audited Results 22-May-23 DHANBANK Audited Results 22-May-23
ASL Final Dividend;Quarterly Results 22-May-23 DITCO Audited Results 22-May-23
ASUTENT Audited Results 22-May-23 EASYFIN Audited Results 22-May-23
ATLANTA General;Audited Results 22-May-23 EIHOTEL Final Dividend;Audited Results 22-May-23
BENGALS Audited Results 22-May-23 EMPIND Final Dividend;General;Audited Results 22-May-23
BHARATAGRI Audited Results 22-May-23 FAZE3AUTO General;Voluntary Delisting of Shares 22-May-23
BHUDEVI Audited Results 22-May-23 FINOLEXIND Final Dividend;Audited Results 22-May-23
BMAL Half Yearly Results;Audited Results 22-May-23 FMGOETZE Audited Results 22-May-23
BOROLTD Audited Results 22-May-23 FUSION Audited Results 22-May-23
BPCL Dividend;Audited Results 22-May-23 GARFIBRES Final Dividend;Audited Results 22-May-23
BRIDGESE Audited Results;Quarterly Results 22-May-23 GENESIS Audited Results;Quarterly Results 22-May-23
BRIPORT Audited Results 22-May-23 GOLKUNDIA Final Dividend;Audited Results 22-May-23
BWLLTD General;Quarterly Results 22-May-23 GPTINFRA Final Dividend;Audited Results 22-May-23
CAMLINFINE General;Audited Results 22-May-23 GSBFIN Audited Results 22-May-23
CBPL General;Audited Results 22-May-23 GUJALKALI Dividend;Audited Results 22-May-23
CESC Audited Results 22-May-23 GUJINJEC General;Audited Results;Quarterly Results 22-May-23
CGCL Final Dividend;Audited Results 22-May-23 GUJSTATFIN Audited Results 22-May-23
CGVAK General;Dividend;Audited Results;Quarterly Results 22-May-23 HARYNACAP Audited Results 22-May-23
COARO Audited Results 22-May-23 HCL-INSYS Audited Results 22-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
KMSMEDI 22-May-23 E.G.M. VEDL 30-May-23 Interim Dividend
SIPTL 22-May-23 Right Issue of Equity Shares ADVANIHOTR 31-May-23 Interim Dividend – Rs. – 1.4000
MAHABANK 23-May-23 Final Dividend – Rs. – 1.3000 BGJL 31-May-23 Right Issue of Equity Shares
GESHIP 24-May-23 Interim Dividend – Rs. – 9.0000 DBCORP 31-May-23 Interim Dividend – Rs. – 3.0000
MANAPPURAM 24-May-23 Interim Dividend – Rs. – 0.7500 PGINVIT 31-May-23 Income Distribution (InvIT)
ROSSARI 24-May-23 Final Dividend – Rs. – 0.5000 SBIN 31-May-23 Dividend – Rs. – 11.3000
GENPHARMA 25-May-23 E.G.M. APTECHT 01-Jun-23 Dividend
KANSAINER 25-May-23 Final Dividend – Rs. – 2.7000 SHREECEM 01-Jun-23 Interim Dividend
KENNAMET 25-May-23 Interim Dividend – Rs. – 20.0000 TRIDENT 01-Jun-23 Interim Dividend
TRENT 25-May-23 Dividend – Rs. – 2.2000 ANZEN 02-Jun-23 Income Distribution (InvIT)
BIRET 26-May-23 Income Distribution RITES HAVELLS 02-Jun-23 Final Dividend – Rs. – 4.5000
PGIL 26-May-23 Interim Dividend – Rs. – 5.0000 INFY 02-Jun-23 Final Dividend – Rs. – 17.5000
RADHIKAJWE 26-May-23 Stock  Split From Rs.10/- to Rs.2/- MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
SIMPLXMIL 26-May-23 Consolidation of Shares PAGEIND 02-Jun-23 Interim Dividend
SIMPLXPAP 26-May-23 Consolidation of Shares HARDWYN 05-Jun-23 Bonus issue 1:3
ANANDRATHI 29-May-23 Final Dividend – Rs. – 7.0000 HARDWYN 05-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
DATAINFRA 29-May-23 Income Distribution (InvIT) NELCO 06-Jun-23 Dividend – Rs. – 2.0000
IRB 29-May-23 Interim Dividend – Rs. – 0.0750 SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000
MMFL 29-May-23 Interim Dividend – Rs. – 6.0000 TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000
ITC 30-May-23 Final Dividend – Rs. – 6.7500 PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
ITC 30-May-23 Special Dividend – Rs. – 2.7500 RCL 08-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
RALLIS 30-May-23 Final Dividend – Rs. – 2.5000 ASIANPAINT 09-Jun-23 Final Dividend – Rs. – 21.2500

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