The NIFTY opened at 21615.20 with a big gap up of 153 points. The index initially moved higher but soon found resistance and started moving sideways eventually breaking on the downside. Prices recorded its intraday high at 21670.60, saw a dip after a breakdown but soon found support. The index started a consolidation process again and this time the range-bound session lasted till the end. Within the range, the index moved very volatile and saw multiple swings from one extreme to another. Prices have recorded its intraday low at 21575 and finally closed at 21622.40 with a gain of 160.15 points or 0.75% up. OIL GAS, METAL, FMCG, and AUTO outperformed today, saw a sharp upside move, and ended with a gain of over 1% followed by IT and REALTY. MEDIA underperformed today and ended with a loss of 0.96%. The short-term trend is down. The volatility is rising. We are now expecting a consolidation process after a sharp decline. As of now, we are advising traders to step aside and avoid trading the index. We have a big NEWS event UNION BUDGET ahead that may raise the volatility. The long-term trend is down while the long-term momentum turned down from the strength zone but turned up before reaching the weak zone.


The BANK NIFTY opened at 46103.50 with a big gap up of 341 points. The index initially consolidated then moved higher but found support very soon. Prices saw a sharp dip after recording its intraday high at 46249.85. The gap was filled and then the index started a consolidation which lasted till the end. Prices have recorded its intraday low at 45558.05 and finally closed at 45735.80 with a loss of just 27 points. PSU BANKs have outperformed today, saw a sharp upside move, and finally ended with a gain of 1.15%. PVT BANKs have underperformed today, saw a mild downside move, and ended with a loss of 0.28%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while INDUSIND BANK contributed the least. The short-term trend is down now. Support is visible around 45500 while resistance is visible around 47000. The index is moving very near to its support.


Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BALKRISIND.24.01 Jan 2766.5 4.58 14.11 1909500 HINDUNILVR.24.01 Jan 2472 -3.61 1.3 10344000
APOLLOTYRE.24.01 Jan 527.15 4.54 2.35 13792100 CANFINHOME.24.01 Jan 768.45 -3.44 0.93 5415150
MRF.24.01 Jan 146190 4.44 1.62 37585 ZYDUSLIFE.24.01 Jan 704.1 -2.38 1.12 4806900
COALINDIA.24.01 Jan 400.25 4.14 7.11 56945700 TATACHEM.24.01 Jan 1050.95 -2.36 0.17 10029800
IRCTC.24.01 Jan 1025.8 3.89 3.52 15986250 VOLTAS.24.01 Jan 1026.75 -2.33 1.64 9171600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIPORTS.24.01 Jan 1190.45 3.04 -2.78 35714400 IPCALAB.24.01 Jan 1069.8 -3.03 -0.12 2108600
IDFCFIRSTB.24.01 Jan 88.05 2.74 -0.91 212940000 ATUL.24.01 Jan 6450 -2.84 -0.18 202800
KOTAKBANK.24.01 Jan 1810.7 2.64 -1.19 27768800 INDIAMART.24.01 Jan 2570.15 -2.75 -3.21 1029900
HINDCOPPER.24.01 Jan 272.15 2.56 -0.35 25943500 LAURUSLABS.24.01 Jan 402.5 -2.65 -0.38 11476700
SHREECEM.24.01 Jan 27423.95 2.55 -0.52 152850 OFSS.24.01 Jan 6720 -2.48 -8.14 880200


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Max Financial Services l 889.15 -1.83 301224 605721 79.92 Nifty50 21571.8 -0.23 71676
Pidilite Industries Ltd 2677.5 -0.38 81777 485686 77.35 Niftybank 46058.2 0.78 71676
Nestleind 2479.95 -1.36 445592 713648 75.81 Nifty it 36697.5 -1 71676
Hdfc Bank Ltd. 1478.85 0.56 12920293 40988837 74.8 India Vix 13.8 -0.58 71742
Icici Bank Ltd. 1008.7 0.95 8788873 16874233 72.51 Nifty Fmcg 55976.65 -1.17 71676
Dabur India Ltd. 538.4 -0.72 458895 1394091 70.94 Nifty Pharma 17233.8 -0.89 71676
Piind 3382.4 -0.68 117042 149790 70.55 Nifty Realty 861.95 -0.75 71676
Voltas Ltd. 1024.55 -2.53 371204 512709 68.52 Nifty Auto 18651.1 -0.23 71676
Dalmia Bharat Limited 2207.7 -0.3 56612 378293 68.08 Nifty Metal 7752.5 0.26 71676
Power Grid Corporation o 237.2 0.76 6491870 14108600 67.41 Nifty Financial Services 20542.05 0.57 71676


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 26th January, 2024

INR: Federal Fiscal Deficit (Dec) on 31st January, 2024

USD: Services PMI (Jan) on 24th January, 2024

USD: Manufacturing PMI (Jan) on 24th January, 2024


  • Benchmark equity indices closed lower today as shares of Hindustan Unilever and Reliance Industries dragged after their Q3 results. The Nifty index closed 50.60 points or 0.23% lower at 21571.80 while the Sensex lost 259.58 points or 0.36% to close at 71423.65. Shares of Hindustan Unilever Ltd., Reliance Industries Ltd., IndusInd Bank Ltd., Tata Consultancy Services Ltd., and HDFC Bank dragged the index. Private sector lender ICICI Bank on January 20 reported a net profit of Rs 10,271.54 crore for the third quarter of the current financial year, clocking a 23.5 percent rise from Rs 8,312 crore in the year-ago period. The net profit was in line with the market estimates of Rs 9,946 crore. The bank’s gross non-performing asset (NPA) stood at 2.30 percent, down from 3.07 percent in the same quarter of the previous year. Net NPA stood at 0.44 percent, improving from 0.55 percent in Q3FY23.

  • Kotak Mahindra Bank Ltd.’s net profit rose 7.6%, missing analysts’ estimates. The private sector bank’s standalone net profit rose to Rs 3,005.01 crore year-on-year, in the quarter ended December. Net interest income, or core income, for the bank rose 16% from last year to Rs 6,554 crore in the quarter. Other income rose 17.8% year-on-year to Rs 2,297.02 crore.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ALCHCORP Quarterly Results 23-Jan-24 EKI Quarterly Results 23-Jan-24
APCOTEXIND Quarterly Results;Interim Dividend;Audited Results 23-Jan-24 ESSENTIA Quarterly Results;General 23-Jan-24
ASHUTPM Reduction of Capital 23-Jan-24 FRANKLININD Right Issue of Equity Shares;General;Increase in Authorised Capital 23-Jan-24
ASITCFIN General 23-Jan-24 GANDHAR Quarterly Results;General 23-Jan-24
ATFL Quarterly Results 23-Jan-24 GLS Quarterly Results 23-Jan-24
AXISBANK Quarterly Results 23-Jan-24 GRANULES Quarterly Results 23-Jan-24
BENARAS Quarterly Results;General 23-Jan-24 GRAVITA Quarterly Results 23-Jan-24
BGJL Quarterly Results 23-Jan-24 GUJINTRX Quarterly Results 23-Jan-24
BIGBLOC Quarterly Results;Interim Dividend 23-Jan-24 HAVELLS Quarterly Results;Interim Dividend 23-Jan-24
BLISSGVS Quarterly Results;General 23-Jan-24 ICRA Quarterly Results 23-Jan-24
BODHTREE Reduction of Capital;General 23-Jan-24 IIRM Quarterly Results;General 23-Jan-24
CENTENKA Quarterly Results 23-Jan-24 INDOCO Quarterly Results 23-Jan-24
CGPOWER Quarterly Results;Interim Dividend 23-Jan-24 INDUSTOWER Quarterly Results 23-Jan-24
CUPID Bonus issue;Stock  Split;Quarterly Results;General 23-Jan-24 INFIBEAM Quarterly Results;General 23-Jan-24
CYIENTDLM Quarterly Results 23-Jan-24 JINDCAP Quarterly Results 23-Jan-24
DUNCANENG Quarterly Results 23-Jan-24 JSWENERGY Quarterly Results;General 23-Jan-24


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANGELONE 23-Jan-24 Interim Dividend – Rs. – 12.7000 MASTEK 25-Jan-24 Interim Dividend – Rs. – 7.0000
ASARFI 23-Jan-24 E.G.M. RHL 25-Jan-24 E.G.M.
AKSHAR 24-Jan-24 E.G.M. 360ONE 29-Jan-24 Interim Dividend – Rs. – 4.5000
PRIMEFRESH 24-Jan-24 E.G.M. ACCELYA 29-Jan-24 Interim Dividend
SABTN 24-Jan-24 Resolution Plan -Suspension CROPSTER 29-Jan-24 E.G.M.
SHRAJSYNQ 24-Jan-24 E.G.M. GOACARBON 29-Jan-24 Interim Dividend – Rs. – 10.0000
WIPRO 24-Jan-24 Interim Dividend – Rs. – 1.0000 HITKITGLO 29-Jan-24 E.G.M.
AHLEAST 25-Jan-24 E.G.M. INDINFO 29-Jan-24 Right Issue of Equity Shares
ARNOLD 25-Jan-24 Buy Back of Shares MANGIND 29-Jan-24 Right Issue of Equity Shares
BRIJLEAS 25-Jan-24 E.G.M. PCBL 29-Jan-24 Interim Dividend – Rs. – 5.5000
DOLPHIN 25-Jan-24 Stock  Split From Rs.10/- to Rs.1/- SINCLAIR 29-Jan-24 Bonus issue 1:1
IIFL 25-Jan-24 Interim Dividend – Rs. – 4.0000 GOTHIPL 30-Jan-24 Interim Dividend
JOYREALTY 25-Jan-24 E.G.M. KANANIIND 30-Jan-24 Bonus issue 1:1
KDDL 25-Jan-24 Dividend – Rs. – 58.0000 NAGREEKEXP 30-Jan-24 Right Issue of Equity Shares
KSOLVES 25-Jan-24 Interim Dividend – Rs. – 7.5000 PERSISTENT 30-Jan-24 Interim Dividend
MAGNUM 25-Jan-24 Right Issue of Equity Shares SIEMENS 30-Jan-24 Final Dividend – Rs. – 10.0000

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