the NIFTY opened at 17807.30 without much of a gap. The index initially moved lower but bounced up quickly. However, prices did not go much higher. The index started drifting downwards towards 17700 but found support before reaching there. Prices have recorded its intraday low at 17729.65 and started moving higher. A rally brought the index again above 17800 and prices recorded its intraday high at 17842.15. The NIFTY finally closed at 17828 with a gain of 15.60 points or 0.09% up. The BANK and REALTY outperformed today and gained over 1% followed by FINANCIAL and AUTO. The IT underperformed today and closed with a loss of over 2% followed by PHARMA, MEDIA, and OIL GAS. The support is now shifted at 17500 while the index is roaming around its resistance at 17800. If it breaks then the next resistance may emerge around 18100.


the BANK NIFTY opened at 41680.10 with a gap up of 103 points. The index initially moved lower but quickly found support and turned up after recording its intraday low at 41502.65. Prices soon started a consolidation process that breaks on the upside and the index rallied more sharply till the end. Prices have recorded its intraday high at 4219620 and finally closed at 42137.80 with a gain of 560 points. PSU and PVT BANK both indices have performed almost the same today, saw a sharp intraday rally, and closed higher by more than 1%. Within the index in terms of points, AU BANK contributed the highest on the upside while BANDHAN BANK contributed the lowest. The short-term trend is up as the index crossed decisively 41500 resistance. Support is now shifted around 41000Resistance is now visible around 43000.


POWER GRID 231.20 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 231.65 with a stop loss of 227.80 and a target of 238.00.
LTIM 4646.40 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 4615.00 with a stop loss of 4708.75 and a target of 4335.00.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ICICI BANK  900 CE BUY 11.10 CMP 9.35 14.35 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
AUBANK.23.04 Apr 673.6 17.25 13.18 14517000 LTIM.23.04 Apr 4649.5 -4.12 8.59 1591500
INDUSINDBK.23.04 Apr 1110.65 3.16 0.19 23953050 PERSISTENT.23.04 Apr 4386.35 -3.7 6.73 1156925
GODREJPROP.23.04 Apr 1284.85 2.69 2.36 5153125 INFY.23.04 Apr 1390.05 -2.93 8.33 35267200
SBICARD.23.04 Apr 756.25 2.19 1.88 8524000 MPHASIS.23.04 Apr 1778.9 -2.76 5.61 2693900
TVSMOTOR.23.04 Apr 1161.8 2.18 4.16 6496000 HCLTECH.23.04 Apr 1072.65 -2.32 5.19 9877700
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HDFCLIFE.23.04 Apr 532.75 2.89 -0.2 16311900 LAURUSLABS.23.04 Apr 314.35 -2.92 -6.1 10048500
EICHERMOT.23.04 Apr 3214.9 2.64 -2.77 2979725 BSOFT.23.04 Apr 263.4 -2.64 -1.27 7280000
APOLLOHOSP.23.04 Apr 4416.2 2.04 -4.81 1478375 PFC.23.04 Apr 162.3 -2.58 -1.69 58025800
DIXON.23.04 Apr 2983.1 1.85 -0.55 814125 TECHM.23.04 Apr 1088.4 -2.13 -0.63 10376400
WHIRLPOOL.23.04 Apr 1332.75 1.67 -6.98 717850 BALRAMCHIN.23.04 Apr 405.9 -2.13 -10.35 7964800


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Marico Limited 476.8 -0.1 1327298 1861435 83.13 Nifty50 17828 0.09 29897708
Pidilite Industries Ltd 2350.2 0.1 339297 369035 76.37 Niftybank 42132.55 1.38 12679028
Hdfc Ltd. 2786.85 0.64 5191333 1892116 75.42 Nifty it 28342.8 -2.2 1650127
Torrent Pharma Ltd. 1577.55 -0.64 456163 424993 75.16 India Vix 11.91 -2.93 4.39E+08
Colgate Palmolive (india 1549.4 -0.47 185104 302100 73.97 Nifty Fmcg 46211.95 0.22 367501
Cipla Ltd 915.75 -0.24 1068355 2518400 73 Nifty Pharma 12478.9 -0.76 42491984
Dabur India Ltd. 527.15 1.84 8617033 1546358 72.85 Nifty Realty 425.2 1.13 1.26E+09
Power Grid Corporation o 231.2 1.72 8571466 4981194 72.83 Nifty Auto 12918.65 0.44 41266877
Shriram Finance Limited 1296.6 -0.95 154923 388901 72.54 Nifty Metal 5710.05 0.25 93360144
Sun Pharma  Ltd 1003.5 -1.3 1445693 2352525 72.47 Nifty Financial Services 18854.3 0.81 7191885


   Domestic                                                                                                                                                  International
INR: WPI Inflation (YoY) (Mar) on 17th April, 2023

INR: Deposit Growth on 21st April, 2023

 USD: Building Permits (Mar) on 18th April, 2023

USD: Crude Oil Inventories on 19th April, 2023


  • Indian benchmark indices ended marginally higher in the highly volatile market. At close, the Sensex was up 38.23 points or 0.06 percentat 60,431.00, and the Nifty was up 15.60 points or 0.09percentat 17,828. About 1,871 shares advanced, 1,526 shares declined, and 117 shares were unchanged.

  • Data released on April 12 showed inflation for the ‘milk and products’ a sub-group of the Consumer Price Index (CPI), was 9.31 percent in March. In the first quarter of 2023, ‘milk and products’ inflation averaged 9.25 percent — the highest it has been since October-December 2014.

  • Air India will reduce the frequency of flights to Oman, Dubai, Abu Dhabi, and Qatar as a temporary measure to mitigate the problem of crew and plane shortage the airline faces. Air India has cancelled one weekly flight on both sides between Delhi and Muscat, Delhi and Dubai, and Delhi and Abu Dhabi from the last week of April to the end of May, multiple sources said.

  • India and Japan can work together to achieve greater coordination and synergy between G7 and G20 member countries, Union Finance Minister Nirmala Sitharaman has said. India holds the annual revolving presidency of G20 countries and Japan is the current president of G7 countries.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ANGELONE Audited Results;Final Dividend;Quarterly Results 17-Apr-23 QGO General 18-Apr-23
EASTWEST General 17-Apr-23 SBIN General 18-Apr-23
HATHWAY Audited Results 17-Apr-23 SCHAEFFLER Quarterly Results 18-Apr-23
JRELTD General;Audited Results 17-Apr-23 SEACOAST General;Audited Results 18-Apr-23
JUSTDIAL Audited Results;Quarterly Results 17-Apr-23 SHYMINV Audited Results 18-Apr-23
KRL General;Audited Results 17-Apr-23 TATACOFFEE Audited Results;Dividend 18-Apr-23
MORGANITE Quarterly Results 17-Apr-23 VIVANTA Quarterly Results 18-Apr-23
NATURO Increase in Authorised Capital 17-Apr-23 ALOKTEXT Audited Results 19-Apr-23
NETWORK18 Audited Results 17-Apr-23 ARTSONEN Audited Results;Quarterly Results 19-Apr-23
QUICKHEAL Audited Results;Final Dividend 17-Apr-23 BASML General 19-Apr-23
SPMLINFRA General 17-Apr-23 BENARAS General;Audited Results;Final Dividend;Quarterly Results 19-Apr-23
SYMBIOX General 17-Apr-23 CITADEL Audited Results 19-Apr-23
TV18BRDCST Audited Results 17-Apr-23 CSL Issue Of Warrants 19-Apr-23
ACCELYA Quarterly Results 18-Apr-23 DARSHANORNA General 19-Apr-23
ASHAI General 18-Apr-23 DRA General 19-Apr-23
BANKINDIA General 18-Apr-23 GGENG General;Audited Results;Quarterly Results 19-Apr-23
CALCOM General;Preferential Issue of shares;Issue Of Warrants 18-Apr-23 GUJHOTE Audited Results;Final Dividend 19-Apr-23
CRISIL Quarterly Results;Interim Dividend 18-Apr-23 ISEC Audited Results;Final Dividend 19-Apr-23
GBGLOBAL General 18-Apr-23 MASTEK Audited Results;Final Dividend 19-Apr-23
ICICIGI Audited Results;Final Dividend 18-Apr-23 MEHAI General;Rights Issue;Increase in Authorised Capital 19-Apr-23
JSL Special Dividend 18-Apr-23 STDSHOE General 19-Apr-23
LYKALABS General 18-Apr-23 TATACOMM Audited Results;Final Dividend 19-Apr-23
ORIRAIL Audited Results 18-Apr-23 TPINDIA General 19-Apr-23
PHOTOQUP Preferential Issue of shares 18-Apr-23 TRL General;Preferential Issue of shares 19-Apr-23


Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
FLOMIC 17-Apr-23 E.G.M. PRERINFRA 21-Apr-23 Right Issue of Equity Shares
ALLCARGO 18-Apr-23 Spin Off SURFUNC 21-Apr-23 E.G.M.
DHAMPURSUG 18-Apr-23 Interim Dividend – Rs. – 5.0000 TIPSINDLTD 21-Apr-23 Stock  Split From Rs.10/- to Rs.1/-
DHAMPURSUG 18-Apr-23 Special Dividend – Rs. – 1.0000 NETTLINX 24-Apr-23 Bonus issue 1:1
GISOLUTION 18-Apr-23 Right Issue of Equity Shares ACHYUT 25-Apr-23 Bonus issue 1:2
MUTHOOTFIN 18-Apr-23 Interim Dividend – Rs. – 22.0000 GOYALALUM 25-Apr-23 Stock  Split From Rs.10/- to Rs.1/-
CORNE 20-Apr-23 E.G.M. SACHEMT 26-Apr-23 E.G.M.
DREDGECORP 20-Apr-23 E.G.M. VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
FISCHER 20-Apr-23 E.G.M. ABB 27-Apr-23 Dividend – Rs. – 5.5000
GLOBALCA 20-Apr-23 Bonus issue 6:10 HCLTECH 28-Apr-23 Interim Dividend
GLOBALCA 20-Apr-23 Stock  Split From Rs.10/- to Rs.1/- JOSTS 28-Apr-23 Stock  Split From Rs.5/- to Rs.2/-
HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000 KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
THYROCARE 20-Apr-23 Interim Dividend – Rs. – 18.0000 RAJOOENG 28-Apr-23 E.G.M.
EIDPARRY 21-Apr-23 Interim Dividend – Rs. – 4.0000 SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
GSCLCEMENT 21-Apr-23 Amalgamation SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000
IFL 21-Apr-23 Bonus issue 1:4 SERA 28-Apr-23 Stock  Split From Rs.10/- to Rs.2/-
IFL 21-Apr-23 Stock  Split From Rs.10/- to Rs.1/- ELANTAS 02-May-23 Dividend – Rs. – 5.0000
JETINFRA 21-Apr-23 Bonus issue 1:1 STOVACQ 02-May-23 Final Dividend – Rs. – 47.0000
KAARYAFSL 21-Apr-23 E.G.M. CASTROLIND 04-May-23 Final Dividend – Rs. – 3.5000
MOLDTEK 21-Apr-23 Interim Dividend – Rs. – 2.0000 CRISIL 04-May-23 Interim Dividend
MOLDTKPAC 21-Apr-23 Interim Dividend – Rs. – 4.0000 RKFORGE 09-May-23 Interim Dividend
NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000 RCL 31-May-23 Stock  Split From Rs.10/- to Rs.1/-
NESTLEIND 21-Apr-23 Interim Dividend – Rs. – 27.0000 INFY 02-Jun-23 Final Dividend – Rs. – 17.5000

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