The NIFTY opened at 17950.40 with a gap up of 35 points. However, the index could not sustain at the higher levels and started drifting downwards from its opening tick Prices have seen a sharp intraday decline but soon found support and bounced up after recording its intraday low at 17885.30. The index rallied sharply toward the 18000 mark The rally continued till the end and prices have recorded its intraday high at 18089.15. The index finally closed at 18065 near its day’s highs with 149.95 points or 0.84% up again. All the sectoral indices have moved up today and closed with gains. The IT and MEDIA outperformed today and gained over 1% followed by AUTO FMCG, PHARMA, METAL, and OIL GAS. We should look for buying only as long as prices are trading above 17600 support. Since the index is trading very near the resistance level, we may see a brief consolidation next week.


The BANK NIFTY opened at 43045.50 with a gap up of 83 points. The index could not sustain at the higher levels and started drifting downwards from its opening tick Prices have found intraday support around 42800, formed a trading range, and broke on the upside after recording its intraday low at 428 10.35. The index rallied and surpass the early morning highs to record its intraday high at 43302.05. Prices have finally closed at 43226.35 with a gain of 264 points PSU BANK has outperformed today saw a sharp intraday rally and closed higher by 2.45% PVT BANK moved sideways and ended with a gain of just 0.34% Within the index, in terms of points, SBIN contributed the highest on the upside while AXIS BANK contributed the lowest. The short-term trend is up. The index is now moving higher and the momentum is also getting stronger. On the weekly timeframe chart, the index closed higher near its weekly highs Support is now visible around 42000 which is also the recent swing low while resistance is visible around 43500. The index came close to this level.


HINDALCO 436.10 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 437.05 with a stop loss of 433 and a target of 444.80.
AXIS BANK 860.00 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 856.10 with a stop loss of 862.00 and a target of 844.55.


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
PIIND.23.05 May 3398.9 10.91 2784.76 2271750 SHRIRAMFIN.23.05 May 1327 -5.35 544.04 4826400
INDUSTOWER.23.05 May 154.8 6.83 530.53 24752000 GODREJCP.23.05 May 912.55 -4.43 3748.56 9352000
ZEEL.23.05 May 198.25 6.61 490.83 82314000 ATUL.23.05 May 6836.5 -2.37 5636.17 202200
RECLTD.23.05 May 132.7 6.08 1410.81 57048000 AXISBANK.23.05 May 865.1 -1.76 1013.44 58936800
LAURUSLABS.23.05 May 308.35 5.33 1542.73 14546400 GAIL.23.05 May 107.65 -1.6 1734.17 60417450
                                                                        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
Icici Lombard General In 1079.15 1.22 527428 818739 82.85 Nifty50 18065 0.84 35900535
Hdfc Ltd. 2775.6 0.1 4660013 2625249 78.43 Niftybank 43233.9 0.54 14992450
Colgate Palmolive (india 1595.1 1 205265 199086 77.55 Nifty it 27708.2 1.29 1847084
Hero Motocorp Limited 2558.6 1.99 721370 483144 70.5 India Vix 10.95 -4.12 577527156
United Breweries Limited 1479.5 1.7 219198 143580 70.22 Nifty Fmcg 47814.1 0.96 679017
Alkem 3509.9 2.17 241766 66684 70.07 Nifty Pharma 12613.95 0.76 51401896
Bharti Airtel Limited 799.3 1.63 6572656 2861500 69.29 Nifty Realty 445.1 0.56 1454840489
Sun Pharma  Ltd 987.65 0.91 2009995 1909597 68.76 Nifty Auto 13189.25 0.9 49172348
Petronet Lng Limited 236.9 0.42 4070505 1056442 68.64 Nifty Metal 5799.4 0.79 111742602
Balkrishna Ind. Ltd 2084.25 0.01 146522 148019 68.33 Nifty Financial Services 19162.55 0.34 6578135


   Domestic                                                                                                                                                  International
INR: Nikkei Services PMI (Apr) on 3rd May, 2023

INR: Deposit Growth on 5th May, 2023

 USD: JOLTs Job Openings (Mar) on 2nd May, 2023

USD: Fed Interest Rate Decision on 3rd May, 2023


  • Benchmark indices ended higher on April 28 with Nifty above 18,000. At close, the Sensex was up 463.06 points or 0.76% at 61,112.44, and the Nifty was up 150.00 points or 0.84% at 18,065. About 2167 shares advanced, 1238 shares declined, and 128 shares unchanged.

  • Escorts Kubota Ltd.’s dispatches to dealerships fell 9.1% year-on-year to 7,565 units in April. The preponement of Navratri festive season this time to March 2023 as against April last year, combined with unseasonal rains impacted sales for the month, the tractor maker said.

  • Reliance Industries Ltd. is planning to list its digital financial services unit as soon as October, according to people familiar with the matter.

  • The Indian job market is estimated to witness 22% churn over the next five years, with top emerging roles coming from AI, machine learning and data segments, a new study showed on Monday. Globally, the job market churn is estimated at 23%, with 69 million new jobs expected to be created and 83 million eliminated by 2027, the World Economic Forum said in its latest Future of Jobs report.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AMBUJACEM Quarterly Results 02-May-23 KRRAIL General 02-May-23
ASTEC Audited Results;Final Dividend 02-May-23 LUDLOWJUT Audited Results;Dividend 02-May-23
ATGL Audited Results;Dividend 02-May-23 MOLDTEK Final Dividend;General;Quarterly Results 02-May-23
BHATIA General 02-May-23 NATURAL Audited Results 02-May-23
BIRLACABLE Audited Results;Dividend 02-May-23 NEWGEN Audited Results;Final Dividend 02-May-23
BMW Audited Results 02-May-23 NKIND Audited Results 02-May-23
CIGNITI A.G.M.;Audited Results;Final Dividend 02-May-23 PSB Audited Results;Final Dividend 02-May-23
CONTROLPR A.G.M.;Audited Results;Final Dividend 02-May-23 SASKEN Audited Results;Final Dividend;General 02-May-23
DCMSHRIRAM Audited Results;Final Dividend 02-May-23 SHARPLINE Audited Results;General;Quarterly Results 02-May-23
FINOPB Audited Results;Quarterly Results 02-May-23 SPANDANA Audited Results 02-May-23
GALLOPENT Audited Results 02-May-23 TATASTEEL Audited Results;Final Dividend;General 02-May-23
HILTON Audited Results 02-May-23 TIHIL Audited Results;General;Quarterly Results 02-May-23
HOMEFIRST Audited Results;Final Dividend 02-May-23 UCOBANK Audited Results;Final Dividend;General 02-May-23
JAYSYN Audited Results;Final Dividend 02-May-23 URJAGLOBA A.G.M.;Audited Results 02-May-23
JETINFRA Audited Results 02-May-23 VBL Quarterly Results;Stock  Split 02-May-23
JINDHOT Audited Results;Quarterly Results 02-May-23 VEL Quarterly Results 02-May-23
KEI Audited Results 02-May-23 YASHO Audited Results;Dividend;Quarterly Results 02-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ELANTAS 02-May-23 Dividend – Rs. – 5.0000 GMBREW 16-May-23 Final Dividend – Rs. – 6.0000
SAMOR 02-May-23 Right Issue of Equity Shares HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000
STOVACQ 02-May-23 Final Dividend – Rs. – 47.0000 LEX 18-May-23 E.G.M.
SRUSTEELS 03-May-23 Bonus issue 1:2 TATACONSUM 19-May-23 Final Dividend – Rs. – 8.4500
APOLLO 04-May-23 Stock  Split From Rs.10/- to Rs.1/- TRENT 25-May-23 Dividend – Rs. – 2.2000
CASTROLIND 04-May-23 Final Dividend – Rs. – 3.5000 RALLIS 30-May-23 Final Dividend – Rs. – 2.5000
COMFINCAP 04-May-23 Stock  Split From Rs.10/- to Rs.2/- RCL 31-May-23 Stock  Split From Rs.10/- to Rs.1/-
CRISIL 04-May-23 Interim Dividend – Rs. – 7.0000 INFY 02-Jun-23 Final Dividend – Rs. – 17.5000
EMBASSY 04-May-23 Income Distribution RITES MAHABANK 02-Jun-23 Final Dividend – Rs. – 1.3000
FRUTION 04-May-23 E.G.M. MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
PHYTO 04-May-23 E.G.M. PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
OFSS 09-May-23 Interim Dividend – Rs. – 225.0000 VOLTAS 09-Jun-23 Final Dividend – Rs. – 4.2500
RKFORGE 09-May-23 Interim Dividend – Rs. – 0.5000 SHRIRAMFIN 16-Jun-23 Final Dividend – Rs. – 20.0000
COFORGE 10-May-23 Interim Dividend – Rs. – 19.0000 HINDUNILVR 19-Jun-23 Final Dividend – Rs. – 22.0000
LAURUSLABS 10-May-23 Interim Dividend – Rs. – 1.2000 SUPREMEIND 21-Jun-23 Final Dividend – Rs. – 20.0000
MINDSPACE 10-May-23 Income Distribution RITES EMUDHRA 22-Jun-23 Final Dividend – Rs. – 1.2500
WELSPUNIND 10-May-23 Buy Back of Shares DBOL 23-Jun-23 Dividend – Rs. – 3.5000
INDIAMART 11-May-23 Final Dividend – Rs. – 20.0000 NATHBIOGEN 23-Jun-23 Final Dividend – Rs. – 2.0000
KKCL 11-May-23 Interim Dividend – Rs. – 2.0000 SPLPETRO 27-Jun-23 Final Dividend – Rs. – 7.0000
SIRCA 11-May-23 Bonus issue 1:1 WELSPUNIND 27-Jun-23 Final Dividend – Rs. – 0.1000
360ONE 12-May-23 Interim Dividend BAJAJ-AUTO 30-Jun-23 Final Dividend – Rs. – 140.0000
APTUS 12-May-23 Interim Dividend BAJAJFINSV 30-Jun-23 Final Dividend – Rs. – 0.8000
RISHYRN 12-May-23 E.G.M. BAJAJHLDNG 30-Jun-23 Final Dividend – Rs. – 13.0000
STEELXIND 12-May-23 E.G.M. BAJFINANCE 30-Jun-23 Final Dividend – Rs. – 30.0000
DRAGARWQ 15-May-23 Interim Dividend MAHSCOOTER 30-Jun-23 Final Dividend – Rs. – 60.0000
TATACOFFEE 15-May-23 Dividend – Rs. – 3.0000 NAM-INDIA 30-Jun-23 Final Dividend – Rs. – 7.5000
VISAKAIND 15-May-23 Stock  Split From Rs.10/- to Rs.2/- SYNGENE 30-Jun-23 Final Dividend – Rs. – 0.5000

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