The NIFTY opened at 18339.30 with a gap up of 25 points. The index continued its bullish momentum and moved further on the upside after recording its intraday low at 18287.90. Prices have rallied sharply and went above 18400 comfortably. However, the index started a consolidation process after recording its intraday high at 18458.90. That consolidation broke on the downside and prices have seen a decline towards the end. The index finally closed at 18398.85 with a gain of 84.05 points or 0.46% up. All the sectoral indices have closed with a gain today. OIL GAS and PHARMA closed without any change while REALTY led the bulls today by closing more than 4% followed by MEDIA and FMCG. The short-term trend is up and there is no doubt about that. However, the momentum is not very strong as the index is consolidating briefly We have been tracking support around 18200 and resistance around 18400. The index made an attempt to break above 18400 but in the end, prices closed just below this level. A breakout from this 200 points range may given a tradable move.


The BANK NIFTY opened at 43821.05 with a minor gap up. The index initially consolidated and then broke on the upside after recording its intraday low at 43666.60. Prices have seen a sharp intraday rally and almost reached its lifetime highs. The index faces resistance there and formed a trading range. Prices have remained range bound till the end, recorded its intraday high at 44151.70, and finally closed at 44045,15 with a gain of 251 points. PSU and PVT BANKS both indices have performed almost the same today, saw a sharp intraday rally, and finally dosed with a gain of 1.13% &0.77% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside followed by BANK BARODA. The short-term trend is still up as prices are moving near the top of an ongoing up move. Prices have almost reached its lifetime highs which were recorded at 44151.80. Support is now visible around 43000. Resistance is not visible as the index is almost at its lifetime highs. We should look for buying only on any dips or breakouts.


BHARTI AIRTEL 797.05 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 801.90 with a stop loss of 795.00 and a target of 823.00.
PIDILITE IND 2550.35 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2545.25 with a stop loss of 2568.35 and a target of 2493.15.


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
DLF.23.05 May 468.8 7.17 1.74 34823250 ADANIENT.23.05 May 1919.5 -2.54 1.78 9300750
GODREJPROP.23.05 May 1394.5 3.84 5.5 4461225 IEX.23.05 May 156.25 -1.67 2.8 38186250
GAIL.23.05 May 112.2 3.65 0.23 56482950 DIVISLAB.23.05 May 3263.05 -1.25 1.37 3619050
SUNTV.23.05 May 450.55 3.53 2.86 8139000 COROMANDEL.2305May 959.75 -1.17 13.08 1421700
COLPAL.23.05 May 1657.75 3.07 12.81 2733850 LALPATHLAB.23.05 May 2011.5 -1.17 6.03 822250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
OBEROIRLTY.23.05 May 987.75 4.57 -0.52 6404300 ABB.23.05 May 3859.4 -2.18 -13.19 1412000
PFC.23.05 May 171.7 3.81 -1.74 66234600 NAVINFLUOR.23.05 May 4693.7 -1.64 -6.04 779400
RBLBANK.23.05 May 153.1 3.38 -2.48 38415000 CIPLA.23.05 May 922.8 -1.57 -9.22 11417900
BANDHANBNK.23.05 May 245.25 3.13 -4.11 44433000 SIEMENS.23.05 May 3837.8 -1.49 -11.05 1824350
HEROMOTOCO.23.05 May 2694.95 3.12 -4.86 4304700 APOLLOTYRE.23.05 May 364.15 -1.41 -2.67 14042000
Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Infosys Limited 1258.35 1.06 5534710 6198401 74.75 Nifty50 18398.85 0.46 27822418
Sun Pharma  Ltd 953 -0.31 1814239 1458344 72.38 Niftybank 44072.1 0.64 11626455
Nestleind 21786.6 -0.03 72570 47184 70.46 Nifty it 28165.4 0.49 659885
Pvr Inox Limited 1465.05 1.24 724042 125163 70.09 India Vix 13.17 2.49 387714983
Larsen & Toubro Limited 2246.85 1.16 2662740 3740432 69.69 Nifty Fmcg 49506.55 1.14 409010
Power Grid Corporation o 243.25 0.62 9140823 7133041 68.65 Nifty Pharma 12487.4 0.01 40986541
Bharat Forge Ltd 766.75 1.21 1888769 1296192 68.62 Nifty Realty 472.45 4.32 1090636701
Crompton Greaves Consume 254.4 -0.24 1981128 1572094 68.23 Nifty Auto 14007.85 0.7 36531365
Sbi Life Insurance Compa 1189.45 0.2 680497 787448 67.98 Nifty Metal 5701.75 0.19 89708169
Bharti Airtel Limited 797.05 0.64 7569060 1738454 67.49 Nifty Financial Services 19583.2 0.39 3737456


   Domestic                                                                                                                                                  International
INR: M3 Money Supply on 17th May, 2023

INR: Bank Loan Growth on 19th May, 2023

 USD: Retail Sales (MoM) (Apr) on 16th May, 2023

USD: Building Permits (Apr) on 17th May, 2023


  • Indian equity benchmarks held on the gains through Monday to rise for the second consecutive session. Realty and media sectors were the top gainers in trade. The S&P BSE Sensex Index and the NSE Nifty 50 Index ended at its highest levels in five months since mid-December in 2022.

  • India’s oldest stock exchange —BSE Ltd — is making a renewed attempt to revive its comatose derivatives segment by bringing back the Sensex and Bankex futures and options (F&O) contracts with reduced lot sizes and different expiry dates.

  • Nifty Realty was the largest sectoral gainer on May 15 after key real estate companies reported stellar Q4 numbers. The strong show lifted the mood across the board and pushed stocks higher.

  • India currently levies 60% and 100% tax on car imports which will be reduced in a phased manner to 10% by year five but only for a maximum of 46,200 vehicles, according to a proposal made by the country’s leading auto lobby group to the government.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
20MICRONS Audited Results;Final Dividend 16-May-23 GOACARBON Audited Results;Dividend 16-May-23
ALICON Audited Results;Interim Dividend;Quarterly Results 16-May-23 GRANULES Audited Results;Final Dividend 16-May-23
ALSL Audited Results;General 16-May-23 GRAVISSHO Audited Results 16-May-23
AMBER Audited Results 16-May-23 HEUBACHIND Audited Results;Quarterly Results 16-May-23
ANERI Audited Results 16-May-23 HINDMILL Audited Results 16-May-23
APMIN Audited Results;Dividend 16-May-23 HMVL Audited Results;Final Dividend 16-May-23
ASHIMASYN Audited Results;Quarterly Results 16-May-23 ICSL Audited Results 16-May-23
AURIONPRO Audited Results;Final Dividend;Quarterly Results 16-May-23 INDIANHUME Audited Results;Final Dividend;General;Preferential Issue of shares 16-May-23
AUROLAB Audited Results;General;Quarterly Results 16-May-23 INDORAMA Audited Results 16-May-23
AUTOAXLES Audited Results;Final Dividend 16-May-23 IOC Audited Results;Final Dividend 16-May-23
AVI Audited Results;Quarterly Results 16-May-23 ISTRNETWK Audited Results 16-May-23
BACPHAR Audited Results;General 16-May-23 JINDALSTEL Final Dividend;Quarterly Results 16-May-23
BANKBARODA Audited Results;Dividend 16-May-23 JKPAPER Audited Results;Final Dividend 16-May-23
BCCFUBA Audited Results 16-May-23 JUBLINGREA Audited Results;Final Dividend 16-May-23
BHARTIARTL Audited Results;Dividend;Quarterly Results 16-May-23 KAJARIACER Audited Results;Final Dividend;Interim Dividend 16-May-23
BTTL Audited Results 16-May-23 KAYNES Audited Results 16-May-23
CCL Audited Results;Final Dividend 16-May-23 KEYCORP Audited Results 16-May-23
CHEMPLASTS Audited Results 16-May-23 KJMCCORP Audited Results;General;Quarterly Results 16-May-23
CREDITACC Audited Results;General 16-May-23 LADIAMO Audited Results 16-May-23
CSLFINANCE Audited Results 16-May-23 LICHSGFIN Audited Results;Final Dividend;General 16-May-23
CTCL Audited Results;Final Dividend;Half Yearly Results 16-May-23 MADHUDIN Audited Results 16-May-23
DANUBE Audited Results;General;Quarterly Results 16-May-23 MANCREDIT Audited Results;Final Dividend 16-May-23
DDEVPLASTIK A.G.M.;Audited Results;Bonus issue;Final Dividend;Increase in Authorised Capital 16-May-23 MAXHEALTH Audited Results;Final Dividend 16-May-23
DEVIT Audited Results;Final Dividend 16-May-23 MEGASTAR Audited Results;Quarterly Results 16-May-23
DIGIFIBRE Audited Results 16-May-23 METROPOLIS Audited Results 16-May-23
DUNCANENG Audited Results;Final Dividend;Quarterly Results 16-May-23 MOREPENLAB Audited Results 16-May-23
EIHAHOTELS Audited Results;Final Dividend 16-May-23 MPSLTD A.G.M.;Audited Results;Final Dividend 16-May-23
EVEXIA Increase in Authorised Capital;Issue Of Warrants;General 16-May-23 MUKANDLTD Audited Results;Dividend 16-May-23
EXCELINDUS Audited Results;Final Dividend 16-May-23 NAVNETEDUL Audited Results;Final Dividend 16-May-23
GGPL General;Quarterly Results 16-May-23 NECCLTD Rights Issue 16-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GMBREW 16-May-23 Final Dividend – Rs. – 6.0000 ROSSARI 24-May-23 Final Dividend – Rs. – 0.5000
HDFC 16-May-23 Interim Dividend – Rs. – 44.0000 GENPHARMA 25-May-23 E.G.M.
HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000 KANSAINER 25-May-23 Final Dividend – Rs. – 2.7000
INDINFR 16-May-23 Income Distribution (InvIT) KENNAMET 25-May-23 Interim Dividend – Rs. – 20.0000
SUNDRMFAST 16-May-23 Interim Dividend – Rs. – 3.0600 TRENT 25-May-23 Dividend – Rs. – 2.2000
FOSECOIND 17-May-23 Final Dividend – Rs. – 25.0000 SIMPLXMIL 26-May-23 Consolidation of Shares
INDIGRID 18-May-23 Income Distribution (InvIT) SIMPLXPAP 26-May-23 Consolidation of Shares
LEX 18-May-23 E.G.M. ANANDRATHI 29-May-23 Final Dividend – Rs. – 7.0000
 MANINFRA 19-May-23 Interim Dividend – Rs. – 0.3600 IRB 29-May-23 Interim Dividend
ADVENZYMES 19-May-23 Interim Dividend RALLIS 30-May-23 Final Dividend – Rs. – 2.5000
ALICON 19-May-23 Interim Dividend BGJL 31-May-23 Right Issue of Equity Shares
COLPAL 19-May-23 Interim Dividend – Rs. – 21.0000 SHREECEM 01-Jun-23 Interim Dividend
HOMEFIRST 19-May-23 Final Dividend – Rs. – 2.6000 INFY 02-Jun-23 Final Dividend – Rs. – 17.5000
JMFINANCIL 19-May-23 Final Dividend – Rs. – 0.9000 MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
RAIN 19-May-23 Interim Dividend – Rs. – 1.0000 PAGEIND 02-Jun-23 Interim Dividend
TATACONSUM 19-May-23 Final Dividend – Rs. – 8.4500 HARDWYN 05-Jun-23 Bonus issue 1:3
VEERKRUPA 19-May-23 Bonus issue 2:3 HARDWYN 05-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
VEERKRUPA 19-May-23 Stock  Split From Rs.10/- to Rs.1/- NELCO 06-Jun-23 Dividend – Rs. – 2.0000
KMSMEDI 22-May-23 E.G.M. SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000
MAHABANK 23-May-23 Final Dividend – Rs. – 1.3000 TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000
GESHIP 24-May-23 Interim Dividend – Rs. – 9.0000 PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
MANAPPURAM 24-May-23 Interim Dividend – Rs. – 0.7500 RCL 08-Jun-23 Stock  Split From Rs.10/- to Rs.1/-

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