The NIFTY opened at 1830340 with a gap up of 39 points. The index initially moved lower, filled the gap, and then found support. Prices have bounced up afterward. The index moved higher, surpassing the opening tick but could now move much higher and started finding resistance. Prices have recorded its intraday high at 18344.20 and saw a sharp decline. The down move lasted till the end and the index recorded its intraday low at 18229.65. The NIFTY finally dosed at 18265.95 with a gain of just 1.55 points or 0.015% up IT AUTO, and PHARMA outperformed today and closed with gains followed by OIL GAS. REALTY underperformed today by ending 0.85% down followed by FMCG, BANK, and FINANCIAL. The short-term trend is still up as the index is moving near the top of an ongoing up move. The support is now visible around 18050 while resistance may emerge around 18400, We are expecting a process of consolidation here. It is possible that the index may spend a few days within these support and resistance levels.


The BANK NIFTY opened at 43438.55 with a gap up of 124 points. The index initially moved lower, filled the gap, and then bounced up. Prices have seen a modest up move and recorded its intraday high at 43533.25. The index started drifting downwards from there that lasted till the end. Prices have recorded its intraday low at 43125.85 and finally dosed at 43171.60 with a loss of 143 points. PSU BANK has underperformed today, saw a sharp intraday decline, and closed with a loss of 2.75%. PVT BANK has outperformed today and closed with a gain of just 0.14%. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while SBIN contributed the lowest. It was a volatile day in the BANK Index where prices have seen sharp intraday moves in both directions and finally ended almost on a flat note with a minor loss. The close was near to the intraday low so it was a day that belongs to bears. Since the range is very narrow so it will eventually resolve soon one way or the other.


PIDILITE IND 2471.75 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 2480.50 with a stop loss of 2455.20 and a target of 2547.55.
REC LTD 131.95 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 131.95 with a stop loss of 131.50 and a target of 128.20.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
NAUKRI  4000 CE BUY 83.95 ABOVE 87 60 127 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MGL.23.05 May 1079.6 7.37 43.44 2464800 PNB.23.05 May 50.4 -3.82 3.94 232736000
BSOFT.23.05 May 309.85 7.03 4.08 9388000 CANBK.23.05 May 303.7 -3.66 22.17 49391100
TATACOMM.23.05 May 1306.3 5.73 16.05 2466000 UPL.23.05 May 697.85 -3.06 17.38 19188000
DIVISLAB.23.05 May 3374 2.84 2.28 3176400 BANKBARODA.23.05May 178.8 -2.85 2.8 92307150
ALKEM.23.05 May 3627.65 2.67 0.66 581000 ABBOTINDIA.23.05 May 21991.3 -2.72 11.03 75680
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MANAPPURAM.23.05 May 115.25 3.46 -6.4 39072000 OFSS.23.05 May 3454.9 -6.66 -4.55 268600
LTIM.23.05 May 4634.75 2.03 -3.08 1428900 IBULHSGFIN.23.05 May 110.65 -3.49 -0.2 48928000
VEDL.23.05 May 285.1 1.86 -9.91 32802000 BHEL.23.05 May 79.45 -3.17 -7.45 103383000
COALINDIA.23.05 May 237.4 1.65 -0.81 35821800 DELTACORP.23.05 May 207.8 -2.94 -1.89 15680000
PETRONET.23.05 May 227.45 1.25 -4 14340000 INDIACEM.23.05 May 192.1 -2.39 -0.93 16672100


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Srf Ltd. 2587.4 1.62 1416918 344071 78.92 Nifty50 18265.95 0.01 34432908
Grasim Ind Ltd. 1764.9 -0.76 733053 538616 71.25 Niftybank 43198.15 -0.2 14534294
Sun Pharma  Ltd 957.45 -0.46 6902170 1895650 70.81 Nifty it 28125.5 0.73 817538
Tata Communications Ltd. 1299.7 5.82 1740003 311028 69.79 India Vix 12.68 0.32 495973405
Infosys Limited 1270.7 0.4 4969897 3637949 69.15 Nifty Fmcg 48369.1 -0.35 415202
Wipro Ltd 382.3 0.51 2858349 3304478 68.75 Nifty Pharma 12716.7 0.42 49555203
Hindustan Unilever Ltd 2515.8 -0.02 1651327 668000 68.67 Nifty Realty 448.5 -0.85 1394688086
Mah & Mah Ltd. 1245.45 1.11 1846359 2402597 68.38 Nifty Auto 13648.5 0.47 46115622
Cipla Ltd 939.2 0.63 2657968 2641030 68.11 Nifty Metal 5836.85 -0.15 107480244
Jk Cement Limited 3003.6 -1.56 113492 79972 68 Nifty Financial Services 19274.7 -0.15 6789656


   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Apr) on 10th May, 2023

INR: Industrial Production (YoY) (Mar) on 12th May, 2023

USD: CPI (MoM) (Apr) on 10th May, 2023

USD: PPI (MoM) (Apr) on 11th May, 2023


  • On Tuesday, Benchmark indices erased theirearly gains amid volatility in the second half of trade. The Sensex settled down 2.92 points or flat at 61,761.33, and the Nifty ended 5.10 points or 0.03% lower at 18,259.30. About 1,540 shares advanced, 1,806 shares declined, and 130 shares unchanged.

  • Macquarie Research has initiated an ‘outperform’ rating on Mankind Pharma Ltd. while setting a target price of Rs 1,400. The company’s net profit could double in the next three years, according to the research firm, driven by continued sales outperformance relative to the Indian pharma market. Shares of the pharma company debuted at a 20.37% premium at Rs 1,300 apiece on BSE, over its IPO price of Rs.1,080 apiece.

  • The full benefits of Reliance Industries’ $45 billion (Rs 3.6 lakh crore) of investment and capex across businesses over FY22-24 will start flowing through from FY25 earnings, believes global financial services firm JPMorgan. It remains Overweight on the stock and continues to see the stock price offering attractive risk-reward. Its target on RIL is Rs 2,960, indicating a 19 percent upside from the current levels.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
7SEASL Preferential Issue of shares;Audited Results;General 10-May-23 ELANGO Audited Results;Quarterly Results 10-May-23
ABHIJIT Audited Results;General 10-May-23 ESCORTS Audited Results;Final Dividend 10-May-23
ACIIN Quarterly Results;Audited Results 10-May-23 EXCEL Audited Results;General 10-May-23
ADMANUM Audited Results;Quarterly Results;General 10-May-23 GARGI Audited Results 10-May-23
AGOL Stock  Split;Quarterly Results;Audited Results;General 10-May-23 GODREJCP Audited Results;General 10-May-23
ALFATRAN Audited Results 10-May-23 GOKULAGRO Quarterly Results;Audited Results;General 10-May-23
ATVPR Audited Results 10-May-23 GSTL Preferential Issue of shares;Rights Issue 10-May-23
B2BSOFT Audited Results 10-May-23 GUJARATPOLY Quarterly Results;Audited Results 10-May-23
BASF Audited Results;Final Dividend 10-May-23 GUJGAS Audited Results;Final Dividend 10-May-23
BMW Audited Results 10-May-23 HARDCAS Audited Results;General 10-May-23
BOSCHLTD Audited Results;Final Dividend 10-May-23 HGINFRA Audited Results;Final Dividend 10-May-23
CERA Dividend;Audited Results 10-May-23 INSPIRISYS Audited Results 10-May-23
CHMBBRW Quarterly Results;A.G.M. 10-May-23 JAYBARMARU Audited Results;Final Dividend 10-May-23
CLEDUCATE Audited Results 10-May-23 JBMA Audited Results;Final Dividend 10-May-23
CSL Issue Of Warrants 10-May-23 KABRAEXTRU Audited Results;Final Dividend 10-May-23
DRREDDY Audited Results;Final Dividend 10-May-23 LT Audited Results;Dividend 10-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
COFORGE 10-May-23 Interim Dividend – Rs. – 19.0000 SULA 15-May-23 Final Dividend – Rs. – 5.2500
ENBETRD 10-May-23 Right Issue of Equity Shares TATACOFFEE 15-May-23 Dividend – Rs. – 3.0000
LAURUSLABS 10-May-23 Interim Dividend – Rs. – 1.2000 VISAKAIND 15-May-23 Stock  Split From Rs.10/- to Rs.2/-
MINDSPACE 10-May-23 Income Distribution RITES GMBREW 16-May-23 Final Dividend – Rs. – 6.0000
WELSPUNIND 10-May-23 Buy Back of Shares HDFC 16-May-23 Interim Dividend – Rs. – 44.0000
CLARA 11-May-23 Right Issue of Equity Shares HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000
INDIAMART 11-May-23 Final Dividend – Rs. – 20.0000 INDINFR 16-May-23 Income Distribution (InvIT)
KKCL 11-May-23 Interim Dividend – Rs. – 2.0000 SUNDRMFAST 16-May-23 Interim Dividend – Rs. – 3.0600
SIRCA 11-May-23 Bonus issue 1:1 VEERKRUPA 16-May-23 Bonus issue 2:3
360ONE 12-May-23 Interim Dividend – Rs. – 4.0000 VEERKRUPA 16-May-23 Stock  Split From Rs.10/- to Rs.1/-
APTUS 12-May-23 Interim Dividend – Rs. – 2.0000 FOSECOIND 17-May-23 Final Dividend – Rs. – 25.0000
IRBINVIT 12-May-23 Income Distribution (InvIT) INDIGRID 18-May-23 Income Distribution (InvIT)
RISHYRN 12-May-23 E.G.M. LEX 18-May-23 E.G.M.
STEELXIND 12-May-23 E.G.M. ADVENZYMES 19-May-23 Interim Dividend
ANURAS 15-May-23 Interim Dividend – Rs. – 1.5000 HOMEFIRST 19-May-23 Final Dividend – Rs. – 2.6000
DRAGARWQ 15-May-23 Interim Dividend TATACONSUM 19-May-23 Final Dividend – Rs. – 8.4500

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