The NIFTY opened at 18273.75 with a gap down of 24 points. The index fell further on the downside but soon found support around 18200 and bounced up. Prices have recorded its intraday low at 18194.55 and saw a sharp intraday rally of almost 150 points. The index faced resistance around 18350 and then saw a mild correction. The NIFTY recorded its intraday high at 18342.75 and finally closed at 18314.80 near its day’s highs with a gain of just 17.80 points or 0.10% up. BANK and AUTO outperformed today and closed with a gain of over half percent followed by FINANCIAL METAL and MEDIA underperformed today and closed with a loss of over 1%. The support is now shifted around 18200 as prices are holding this level for the past four trading days. Resistance is still around 18400. A break from this 200 points range may give us a tradable move.


The BANK NIFTY opened at 43447.15 with a gap down of 59 points. The index initially moved down and then started moving sideways. That sideways movement broke on the upside after prices have recorded its intraday low at 43347.75. The index has seen a sharp rally for the rest of the day, recorded its intraday high at 43877.45, and finally closed at 43794.20 with a gain of 288 points. PSU and PVT BANKS both indices have performed almost the same today, saw a mild up move, and finally closed with a gain of 0.21% &0.62% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while FEDERAL BANK contributed the lowest. The short-term trend is still up as prices are moving near the top of an ongoing up move. A narrow trading range inside 42500 as support and 43500 as resistance has broken decisively on the upside suggesting higher levels may be ahead.


AXIS BANK 910.65 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 911.05 with a stop loss of 998.00 and a target of 939.40.
POWER GRID 241.75 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 241.05 with a stop loss of 243.60 and a target of 235.10.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TCS  3300 CE BUY 30.20 CMP 18 62 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INTELLECT.23.05 May 533.3 14.23 1.71 4690000 BALRAMCHIN.23.05 May 387.6 -5.46 6.79 6921600
EICHERMOT.23.05 May 3637.2 6.84 3.14 3263925 ICICIPRULI.23.05 May 434.6 -3.76 4.7 13059000
GLENMARK.23.05 May 613.55 5.58 22.85 6859950 HINDALCO.23.05 May 406.55 -3.73 5.73 28324800
DELTACORP.23.05 May 218.55 3.53 20.43 20532400 HINDCOPPER.23.05 May 102.15 -3.04 0.43 20232000
METROPOLIS.23.05 May 1355.75 2.56 3.05 1391600 BOSCHLTD.23.05 May 18997.1 -2.91 4.51 140300
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
LALPATHLAB.23.05 May 2035.25 6.85 -12.07 775500 MANAPPURAM2305May 110.2 -4.42 -2.59 36360000
POLYCAB.23.05 May 3400.3 4.89 -20.86 1471800 ZEEL.23.05 May 186.35 -3.52 -6.14 81489000
SIEMENS.23.05 May 3895.75 2.19 -4.2 2050950 LAURUSLABS.23.05 May 311.15 -3.32 -0.79 13503600
HAVELLS.23.05 May 1311.35 1.96 -5.29 5217000 BPCL.23.05 May 362.65 -2.98 -2.52 16185600
ABB.23.05 May 3945.6 1.95 -3.36 1626500 POWERGRID.23.05 May 242.45 -2.75 -8.56 28020600


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Honeywell Auto India Ltd 37020.2 -1.22 3460 7968 84.46 Nifty50 18314.8 0.1 29384724
Atul Ltd. 6947.05 0.44 20757 70026 82.69 Niftybank 43793.55 0.73 12303155
Bajaj Auto Limited 4538.9 -0.2 620213 227254 77.51 Nifty it 28028.4 -0.26 777470
Crompton Greaves Consume 255 -0.72 2304171 1443874 75.56 India Vix 12.85 -2.8 4.11E+08
Icici Prudential Life In 433.3 -3.71 2384469 1363698 75.47 Nifty Fmcg 48950.75 0.18 415867
Hero Motocorp Limited 2605.9 0.79 718178 376500 74.29 Nifty Pharma 12486.7 -0.56 42935213
Titan Company Limited 2773.2 0.56 705516 455191 73.29 Nifty Realty 452.9 -0.35 1.19E+09
Max Financial Services l 657.25 -2.62 472898 899279 72.05 Nifty Auto 13910.5 0.77 38676051
Nestleind 21794.15 -1.02 66961 49643 72.01 Nifty Metal 5690.9 -1.84 93779991
Apollo Hospitals Ltd 4605.25 0.22 427837 294148 71.84 Nifty Financial Services 19507.15 0.54 4357478


   Domestic                                                                                                                                                  International
INR: WPI Inflation (YoY) (Apr) on 15th May, 2023

INR: Trade Balance on 15th May, 2023

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

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


  • Indices recouped early losses and posted minor gains. Automobile, financial stocks lead gains. The Sensex was up 123.38 points or 0.20 percent at 62,027.90, and the Nifty was up 17.80 points or 0.10 percent at 18,314.80. About 1,650 shares advanced, 1,859 shares declined, and 129 shares were unchanged.

  • Zensar Technologies climbed 10 percent on May 12 with heavy volumes and hit the 52-week high of Rs 341 reacting to the company’s March quarter numbers. FIIs and DIIs have been steadily cutting their stake in the technology company’s stock while retail investors have been lapping up the stock since June 2020.

  • Vedanta Limited on May 12 reported a 56.3 percent year-on-year decline in profit at Rs 2,634 crore in the March quarter against Rs 6,027 crore in the same quarter of the previous fiscal. Net profit attributable to owners of the company fell over 67 percent YoY to Rs 1,881 crore.

  • Pharmaceutical company Cipla recorded a consolidated net profit of Rs 525.65 crore for the January-March period, 45.3 percent higher than Rs 362.07 crore in the year-ago period. With this, the drugmaker’s net profit for the period lagged estimate of Rs 723.4 crore, as per a poll of brokerages conducted by Moneycontrol.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AAL Audited Results;Quarterly Results;General 15-May-23 IPOWER General 15-May-23
ALFAICA Audited Results;Quarterly Results 15-May-23 JAYCH Audited Results 15-May-23
ARISINT Audited Results;General 15-May-23 JPTRLES General 15-May-23
ASAHIINDIA Audited Results;Quarterly Results;Final Dividend 15-May-23 KALYANKJIL Audited Results;Final Dividend 15-May-23
ASTRAL Audited Results;Final Dividend 15-May-23 KJMCFIN Audited Results;Quarterly Results;General 15-May-23
BAMPSL Audited Results 15-May-23 KKPLASTICK Audited Results;A.G.M. 15-May-23
BANSWRAS Audited Results;Dividend;Quarterly Results 15-May-23 LAKHOTIA Audited Results 15-May-23
BHAGIL Audited Results;Final Dividend 15-May-23 LGBFORGE Audited Results 15-May-23
BMW Audited Results 15-May-23 MADHAVIPL Audited Results 15-May-23
BNRSEC Audited Results;Dividend;Quarterly Results;General 15-May-23 MARIS Audited Results;General;A.G.M. 15-May-23
BNRUDY Audited Results;General 15-May-23 MARUTISE Audited Results 15-May-23
CANTABIL Audited Results 15-May-23 MITSU Audited Results;Quarterly Results;Final Dividend 15-May-23
CENTURYPLY Audited Results;Dividend;General 15-May-23 MKTCREAT Audited Results 15-May-23
COROMANDEL Audited Results;Final Dividend 15-May-23 MONGIPA Audited Results 15-May-23
CRSTCHM Audited Results 15-May-23 NAM Quarterly Results 15-May-23
DHARMAJ Audited Results 15-May-23 NEOINFRA Audited Results 15-May-23
DHRUV Audited Results;General 15-May-23 NEXTMEDIA Audited Results;Quarterly Results 15-May-23
ECS Audited Results 15-May-23 NGLFINE Audited Results;Final Dividend 15-May-23
EIKO Right Issue of Equity Shares 15-May-23 OMNIPOTENT Audited Results 15-May-23
ELDEHSG Audited Results;Final Dividend 15-May-23 PASARI Audited Results 15-May-23
EMKAY Audited Results;Final Dividend 15-May-23 PASUSPG Audited Results 15-May-23
GARNET Audited Results 15-May-23 PATELENG Audited Results 15-May-23
GGL Rights Issue 15-May-23 PCBL Audited Results 15-May-23
GOODLUCK Audited Results;Final Dividend 15-May-23 PEOPLIN Audited Results 15-May-23
HCLTD Audited Results 15-May-23 PFIZER Audited Results;Final Dividend 15-May-23
HIL Audited Results;Final Dividend 15-May-23 PGHL Quarterly Results 15-May-23
ICL Quarterly Results;General 15-May-23 PGIL Quarterly Results;Interim Dividend 15-May-23
IDINFO Audited Results 15-May-23 PREMCAP Audited Results;Quarterly Results;General 15-May-23
INDIANACRY Audited Results;Quarterly Results 15-May-23 PVRINOX Audited Results;Quarterly Results 15-May-23
INNOVATIVE Audited Results 15-May-23 RAINBOWF General 15-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANURAS 15-May-23 Interim Dividend – Rs. – 1.5000 KMSMEDI 22-May-23 E.G.M.
DRAGARWQ 15-May-23 Interim Dividend MAHABANK 23-May-23 Final Dividend – Rs. – 1.3000
SULA 15-May-23 Final Dividend – Rs. – 5.2500 ROSSARI 24-May-23 Final Dividend – Rs. – 0.5000
TATACOFFEE 15-May-23 Dividend – Rs. – 3.0000 GENPHARMA 25-May-23 E.G.M.
VISAKAIND 15-May-23 Stock  Split From Rs.10/- to Rs.2/- KANSAINER 25-May-23 Final Dividend – Rs. – 2.7000
GMBREW 16-May-23 Final Dividend – Rs. – 6.0000 TRENT 25-May-23 Dividend – Rs. – 2.2000
HDFC 16-May-23 Interim Dividend – Rs. – 44.0000 RALLIS 30-May-23 Final Dividend – Rs. – 2.5000
HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000 BGJL 31-May-23 Right Issue of Equity Shares
INDINFR 16-May-23 Income Distribution (InvIT) SHREECEM 01-Jun-23 Interim Dividend
SUNDRMFAST 16-May-23 Interim Dividend – Rs. – 3.0600 INFY 02-Jun-23 Final Dividend – Rs. – 17.5000
VEERKRUPA 16-May-23 Bonus issue 2:3 MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
VEERKRUPA 16-May-23 Stock  Split From Rs.10/- to Rs.1/- PAGEIND 02-Jun-23 Interim Dividend
FOSECOIND 17-May-23 Final Dividend – Rs. – 25.0000 HARDWYN 05-Jun-23 Bonus issue 1:3
INDIGRID 18-May-23 Income Distribution (InvIT) HARDWYN 05-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
LEX 18-May-23 E.G.M. NELCO 06-Jun-23 Dividend – Rs. – 2.0000
 MANINFRA 19-May-23 Interim Dividend – Rs. – 0.3600 SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000
ADVENZYMES 19-May-23 Interim Dividend TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000
ALICON 19-May-23 Interim Dividend PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
HOMEFIRST 19-May-23 Final Dividend – Rs. – 2.6000 RCL 08-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
JMFINANCIL 19-May-23 Final Dividend – Rs. – 0.9000 ASIANPAINT 09-Jun-23 Final Dividend – Rs. – 21.2500
RAIN 19-May-23 Interim Dividend – Rs. – 1.0000 INDHOTEL 09-Jun-23 Final Dividend – Rs. – 1.0000
TATACONSUM 19-May-23 Final Dividend – Rs. – 8.4500 SOLARINDS 09-Jun-23 Final Dividend – Rs. – 8.0000

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