NIFTY:
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.
BANK NIFTY:
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.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE |
| 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. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| BHARTI AIRTEL | 800 CE | BUY | 7.50 | CMP | 5.30 | 15 | BREAKOUT |
| 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 | |
TOP DELIVERY PERCENTAGE
| 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 | |
UPCOMING ECONOMIC DATA
| 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 |
NEWS UPDATES
-
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
BOARD MEETINGS
| 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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