The NIFTY opened at 18339.30 with a gap up of 25 points. The index the NIFTY opened at 18287.50 with a gap up of 106 points. The index could not sustain itself at the higher level and started drifting downwards from the opening tick. Prices have recorded its intraday high at 18297.20 just above the opening tick and saw a sharp intraday decline. The down move continued for the whole day. The index recorded its intraday low at 18104.85 and finally closed at 18129.95 near its day’s lows with a loss of 51.80 points or 0.28% down. All the sectoral indices have closed with a loss today except BANK and FINANCIAL which ended with minor gains. REALTY led the bears today by losing over 2% followed by PHARMA, FMCG, and OIL GAS. The short-term trend is now sideways. After breaching the 18200 support level the index is heading towards the next support level which should emerge around 18000-18050 zones.


The BANK NIFTY opened at 44006.90 with a gap up of 258 points. The index initially moved up then saw a decline and then again moved up. Prices have formed a trading range that eventually broke the downside and prices have seen another leg of a down move. The index recorded its intraday high at 44079.20 and its intraday low at 43673.70. Prices moved sideways toward the end and finally closed at 43770.10 with a gain of just 22 points. PSU BANK has underperformed today, saw a sharp decline, and closed lower by 1.90%. PVT BANK has outperformed today, saw a mild up move, and closed with a gain of 0.32%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while SBIN contributed the lowest. The short-term trend is sideways now.


BHARTI AIRTEL 799.35 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 803.10 with a stop loss of 795.95 and a target of 817.65.
LT 2188.20 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2180.00 with a stop loss of 2201.00 and a target of 2139.00.


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
CHOLAFIN.23.05 May 1039.95 2.49 14.12 11868750 GODREJPROP.23.05 May 1308.65 -5.65 5.92 4584050
BAJFINANCE.23.05 May 6790.05 1 2.58 3675750 METROPOLIS.23.05 May 1238.95 -4.35 4.94 1308400
RAMCOCEM.23.05 May 794.55 0.98 13.78 4373250 GAIL.23.05 May 105.95 -3.86 8.4 64123200
MOTHERSON.23.05 May 78.7 0.9 1.16 47749500 AUROPHARMA.2305May 598.05 -3.58 2.99 9543000
SYNGENE.23.05 May 699.25 0.75 0.13 2293000 INDIACEM.23.05 May 188.25 -3.34 0.49 17136100
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
AUBANK.23.05 May 743.1 1.99 -1.03 11634000 GNFC.23.05 May 594.85 -9.16 -4.44 6523400
MCX.23.05 May 1360.05 1.16 -0.21 1355200 BANKBARODA.23.05May 180.5 -3.09 -0.57 106622100
DIXON.23.05 May 2996.35 0.91 -2.1 949625 NAUKRI.23.05 May 3743.15 -2.42 -1.17 1460625
MARICO.23.05 May 533.4 0.91 -0.23 9958800 JUBLFOOD.23.05 May 471.7 -2.25 -1.5 16216250
ICICIBANK.23.05 May 947.35 0.82 -2.09 67123000 DLF.23.05 May 460.7 -2.2 -1.1 31750950


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Sun Pharma  Ltd 929.65 -0.67 3014019 2352945 79.57 Nifty50 18129.95 -0.28 98949
Container Corp Of India 631.4 -1.24 1677962 756281 73.43 Niftybank 43752.3 0.12 98895
Hdfc Ltd. 2716 0.36 2144878 1910057 72.83 Nifty it 27892.55 -0.18 98895
Godrej Cons Products Ltd 1008.8 -0.94 691877 1055230 72.44 India Vix 12.79 -2.33 103581
Infosys Limited 1246 -0.07 6948732 7499480 71.66 Nifty Fmcg 48889.3 -1.1 98895
Pidilite Industries Ltd 2552.25 0.28 394341 469333 71.57 Nifty Pharma 12241.35 -1.27 98895
Mah & Mah Ltd. 1245.5 -1.39 1900447 1159845 70.56 Nifty Realty 454.75 -2.37 98895
Hcl Technologies Ltd. 1079.9 0.5 1515743 2523444 70.05 Nifty Auto 13767.7 -0.88 98895
Tech Mahindra Limited 1048.7 -0.52 909923 1945296 69.39 Nifty Metal 5601.65 -0.55 98895
Marico Limited 532.8 1.13 846130 668253 68.26 Nifty Financial Services 19363.75 0.32 98895


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 19th May, 2023

INR: Bank Loan Growth on 19th May, 2023

 USD: Fed Chair Powell Speaks on 19th May, 2023

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


  • Benchmark indices ended lower for the third straight session on May 18 with Nifty below 18,150. At close, the Sensex was down 128.90 points or 0.21 percentat 61,431.74, and the Nifty was down 51.80 points or 0.28percentat 18,130. About 1,530 shares advanced, 1,846 declined, and 124 were unchanged..

  • ITC Limited on May 18 reported a 21.4 percent year-on-year growth in standalone net profit at Rs 5,086.9 crore for the March quarter. Net profit stood at Rs 4,190.9 crore in same period last year. Revenue from operations (excluding excise duty) for the company went up 5.6 percent YoY to Rs 16,398 crore from Rs 15,531 crore in the year-ago period. Both topline and bottomline beat analysts’ estimates..

  • State Bank of India (SBI) on May 18 reported its highest-ever quarterly net profit of Rs 16,694 crore for the March quarter of the financial year 2022-23, recording an 83 percent rise from the year-ago period.

  • Flight cancellations and delays due to Go First filing for insolvency, and the consequent increase in airfares by other airlines, is driving demand for bus tickets on shorter but popular routes.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
A2ZINFRA Audited Results 19-May-23 DBCORP Audited Results;Interim Dividend 19-May-23
AARSHYAM Audited Results 19-May-23 DBL Audited Results;Final Dividend;General;Quarterly Results 19-May-23
ABBOTINDIA Audited Results;Final Dividend 19-May-23 DCXINDIA Audited Results;Quarterly Results 19-May-23
ACML Audited Results;General 19-May-23 DELHIVERY Audited Results 19-May-23
ADVANIHOTR Audited Results;Interim Dividend;Quarterly Results 19-May-23 DIGISPICE Audited Results 19-May-23
AHL Audited Results;Employees Stock Option Plan;Quarterly Results 19-May-23 DUROPLY Audited Results 19-May-23
AKSHOPTFBR Audited Results 19-May-23 ELGIEQUIP Audited Results;Final Dividend 19-May-23
ALBERTDA Audited Results;Dividend 19-May-23 EMERALD Audited Results;Final Dividend 19-May-23
ALFREDHE Audited Results;Final Dividend 19-May-23 EPL Audited Results;Final Dividend 19-May-23
ALKEM Audited Results;Final Dividend 19-May-23 EPSOMPRO Audited Results 19-May-23
ALNATRD Audited Results 19-May-23 FILATFASH Audited Results;Preferential Issue of shares 19-May-23
ANUHPHR Audited Results;Final Dividend;General 19-May-23 FILME Audited Results 19-May-23
AROGRANITE Audited Results;Dividend 19-May-23 FORTISMLR Audited Results;Quarterly Results 19-May-23
ARVSMART Audited Results;Final Dividend 19-May-23 GATI Audited Results 19-May-23
ASHOKALC Audited Results;Dividend 19-May-23 GCMCOMM Audited Results 19-May-23
AVL Audited Results;Final Dividend;General 19-May-23 GLENMARK Audited Results;Final Dividend 19-May-23
BAIDFIN Audited Results 19-May-23 GODREJIND Audited Results 19-May-23
BALAJITELE Audited Results 19-May-23 HINDCOPPER Audited Results;Final Dividend;General;Preferential Issue of shares 19-May-23
BANDHANBNK Audited Results;Final Dividend 19-May-23 INDOTECH Audited Results 19-May-23
BEEYU Audited Results 19-May-23 INDTERRAIN Audited Results 19-May-23
CDG Audited Results 19-May-23 INFRATRUST Audited Results 19-May-23
CELEBRITY Audited Results 19-May-23 IRB Audited Results;Interim Dividend 19-May-23
CELLA Audited Results 19-May-23 IRONWOOD Audited Results 19-May-23
CENTRUM Audited Results;General 19-May-23 IZMO Issue Of Warrants;General 19-May-23
CFEL Audited Results;Final Dividend;General;Quarterly Results 19-May-23 JKLAKSHMI Audited Results;Final Dividend;General 19-May-23
CLFL Audited Results;General 19-May-23 JMDVL Audited Results 19-May-23
COCHINSHIP Audited Results;Final Dividend 19-May-23 JSWSTEEL Audited Results;Final Dividend;General 19-May-23
CROMPTON Audited Results;Final Dividend 19-May-23 KIRLOSENG Audited Results;Final Dividend;General 19-May-23
DALMIASUG Interim Dividend;Quarterly Results 19-May-23 KKALPANAIND A.G.M.;Audited Results;Final Dividend 19-May-23
DATAINFRA General 19-May-23 KPEL Audited Results;General;Quarterly Results 19-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
 MANINFRA 19-May-23 Interim Dividend – Rs. – 0.3600 TRENT 25-May-23 Dividend – Rs. – 2.2000
ADVENZYMES 19-May-23 Interim Dividend – Rs. – 4.0000 BIRET 26-May-23 Income Distribution RITES
ALICON 19-May-23 Interim Dividend – Rs. – 2.5000 PGIL 26-May-23 Interim Dividend – Rs. – 5.0000
COLPAL 19-May-23 Interim Dividend – Rs. – 21.0000 SIMPLXMIL 26-May-23 Consolidation of Shares
HOMEFIRST 19-May-23 Final Dividend – Rs. – 2.6000 SIMPLXPAP 26-May-23 Consolidation of Shares
JMFINANCIL 19-May-23 Final Dividend – Rs. – 0.9000 ANANDRATHI 29-May-23 Final Dividend – Rs. – 7.0000
KCDGROUP 19-May-23 Right Issue of Equity Shares DATAINFRA 29-May-23 Income Distribution (InvIT)
KENVI 19-May-23 Bonus issue 1:4 IRB 29-May-23 Interim Dividend
KENVI 19-May-23 Stock  Split From Rs.10/- to Rs.1/- RALLIS 30-May-23 Final Dividend – Rs. – 2.5000
RAIN 19-May-23 Interim Dividend – Rs. – 1.0000 VEDL 30-May-23 Interim Dividend
TATACONSUM 19-May-23 Final Dividend – Rs. – 8.4500 BGJL 31-May-23 Right Issue of Equity Shares
VEERKRUPA 19-May-23 Bonus issue 2:3 PGINVIT 31-May-23 Income Distribution (InvIT)
VEERKRUPA 19-May-23 Stock  Split From Rs.10/- to Rs.1/- SHREECEM 01-Jun-23 Interim Dividend
KMSMEDI 22-May-23 E.G.M. TRIDENT 01-Jun-23 Interim Dividend
SIPTL 22-May-23 Right Issue of Equity Shares INFY 02-Jun-23 Final Dividend – Rs. – 17.5000
MAHABANK 23-May-23 Final Dividend – Rs. – 1.3000 MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
GESHIP 24-May-23 Interim Dividend – Rs. – 9.0000 PAGEIND 02-Jun-23 Interim Dividend
MANAPPURAM 24-May-23 Interim Dividend – Rs. – 0.7500 HARDWYN 05-Jun-23 Bonus issue 1:3
ROSSARI 24-May-23 Final Dividend – Rs. – 0.5000 HARDWYN 05-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
GENPHARMA 25-May-23 E.G.M. NELCO 06-Jun-23 Dividend – Rs. – 2.0000
KANSAINER 25-May-23 Final Dividend – Rs. – 2.7000 SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000
KENNAMET 25-May-23 Interim Dividend – Rs. – 20.0000 TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000

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