The NIFTY opened at 19576.85 with a gap up of 59 points. Initially, the index moved lower but quickly found support and started moving sideways, after recording its intraday low at 19524.80. The index started a rally in the afternoon and went above 19600. However, prices have found strong resistance there and then again formed a range that lasted till the end. The NIFTY recorded its intraday high at 19620.45 and finally closed at 19597.30 near its day’s highs with a gain of 80.30 points or 0.41% up. PHARMA and IT outperformed and closed with a gain of over 1% followed by REALTY and AUTO. MEDIA, BANK, and METAL under performed and closed with minor losses. The short-term trend is sideways now but the bias is bullish. The NIFTY closed higher for the second consecutive trading day but moved very narrowly for the past two days. We may see a sharp move here soon.


The BANK NIFTY opened at 44993.70 with a gap up of 135 points. The index initially moved lower, filled the gap, and then found support around 44800. Prices bounced up but could not move much higher and faced resistance around 45000. The index kept on swinging within these two levels for the whole day, recorded its intraday low at 44773.85 and its intraday high at 45011.35. Prices finally closed at 44833 with a loss of just 25 points PSU BANK has underperformed today, saw a sharp down move, and ended with a loss of 0.60% PVT BANK outperformed, saw a mild upside rally. and ended with a gain of just 0.09%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while SBIN contributed the lowest. BANK NIFTY moved very narrowly today and closed almost on a flat note. The short-term trend is sideways now as the index has stopped moving down for the past two days.


CONCOR 699.00 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 700.50 with a stop loss of 691.55 and a target of 715.85.
BRITANNIA 4659.75 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 4621.55 with a stop loss of  4673.30 and a target of 4517.50.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
AXIS BANK   950 CE BUY 20.30 CMP 19 22.90 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RECLTD.23.08 Aug 210.05 6.3 1.28 77264000 ABFRL.23.08 Aug 200.3 -5.03 13 32232200
DIVISLAB.23.08 Aug 3908.3 4.48 9.08 2879800 BALKRISIND.23.08 Aug 2384 -4.16 3.45 2079600
PFC.23.08 Aug 267.8 3.3 3.82 49556600 INDIACEM.23.08 Aug 216.85 -4.07 15.01 23420400
BIOCON.23.08 Aug 263.85 3.27 4.92 33085000 DELTACORP.23.08 Aug 183 -2.69 15.61 12443200
AUROPHARMA.23.08 Aug 873.7 3.17 2.07 13968900 CUMMINSIND.23.08 Aug 1753.1 -2.26 11.15 5166000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
M&M.23.08 Aug 1534.05 4.19 -6.12 18144000 GNFC.23.08 Aug 562.05 -4.81 -5.37 7605000
LICHSGFIN.23.08 Aug 443.75 3.29 -2.53 23640000 HINDCOPPER.23.08 Aug 149.1 -3.06 -2.59 25678500
GUJGASLTD.23.08 Aug 461.05 3.24 -2.5 8238750 BRITANNIA.23.08 Aug 4679.8 -2.85 -0.32 2076600
METROPOLIS.23.08 Aug 1405.5 2.91 -7.73 1634000 MRF.23.08 Aug 109052.3 -2.65 -6.45 48120
HDFCAMC.23.08 Aug 2453.35 2.19 -2.77 2741700 BHEL.23.08 Aug 96.95 -2.07 -1.37 113568000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Gujgasltd 461.7 2.4 1452392 2899209 78.66 Nifty50 19597.3 0.41 36740586
Jk Cement Limited 3242.4 1.03 62643 138636 76.89 Niftybank 44837.5 -0.09 16029405
Hindustan Unilever Ltd 2569.2 0.91 803823 990939 72.9 Nifty it 30779.25 1.13 784657
Godrej Cons Products Ltd 1030.7 1.29 1298516 418199 69.95 India Vix 11.1 5.01 651697559
Petronet Lng Limited 226.5 1.07 1164287 1512087 69.1 Nifty Fmcg 52072.5 0.04 402400
Alkem 4131.85 0.8 145189 205131 68.83 Nifty Pharma 15479.25 1.56 46655446
Shriram Finance Limited 1854.8 0.97 985237 729276 66.84 Nifty Realty 542.3 0.58 1328795537
Sbi Life Insurance Compa 1302.55 2.73 1719680 1066162 66.26 Nifty Auto 15390.9 0.41 46734671
Tata Consumer Products l 837.8 0.36 1106208 577837 65.1 Nifty Metal 6622.15 -0.01 108440943
Ultratech Cement Limited 8175.45 0.21 195297 161438 65.08 Nifty Financial Services 20022.6 0.17 5582957

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: M3 Money Supply on 09th August, 2023

INR: Interest Rate Decision on 10th August, 2023

USD: EIA Short-Term Energy Outlook on 08th August, 2023

USD: CPI (YoY) (Jul) on 10th August, 2023

News Updates

  • India’s benchmark stock indices advanced for the second straight day on Monday, as healthcare and telecommunication sectors advanced, while power and utilities stocks declined. The S&P BSE Sensex closed 232.23 points higher, or 0.35%, at 65,953.48, while the NSE Nifty 50 ended 80.30 points higher, or 0.41%, at 19,597.30

  • Reliance Industries Goes Slow On Non-Core Investments As Net Debt Hits $9 Billion The company’s standalone net debt rose to Rs 72,897 crore as of March from Rs 12,328 crore a year earlier.

  • Max Healthcare Institute Ltd on Monday reported a 27 per cent rise in its profit after tax (PAT) in the quarter that ended on June 30 to Rs 291 crore as compared to Rs 229 crore in the same quarter last year. As compared to Rs 320 crore in the quarter that ended on March 31, the PAT was down 9 per cent. The company’s gross revenue during the quarter was up 17 per cent to its highest-ever figures of Rs 1,719 crore as compared to Rs 1,473 crore in the June quarter of 2022. Sequentially, the revenue was up 5 per cent from Rs 1,637 crore.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADFFOODS Quarterly Results 07-Aug-23 ENTRINT Quarterly Results 07-Aug-23
ADROITINFO Quarterly Results 07-Aug-23 EUROLED Quarterly Results 07-Aug-23
ASIANENE Quarterly Results 07-Aug-23 EVERTEX Quarterly Results 07-Aug-23
ASTAR Quarterly Results 07-Aug-23 FOODSIN General;Quarterly Results 07-Aug-23
BALMLAWRIE General;Quarterly Results 07-Aug-23 GEECEE Quarterly Results 07-Aug-23
BANCOINDIA A.G.M.;Quarterly Results 07-Aug-23 GHCLTEXTIL Quarterly Results 07-Aug-23
BAYERCROP Quarterly Results 07-Aug-23 GICHSGFIN A.G.M.;General;Quarterly Results 07-Aug-23
BAZELINTER Quarterly Results 07-Aug-23 GLAND Quarterly Results 07-Aug-23
BGWTATO Quarterly Results 07-Aug-23 GODREJCP Quarterly Results 07-Aug-23
CAPPIPES Quarterly Results 07-Aug-23 GOKEX Quarterly Results 07-Aug-23
DAL Quarterly Results 07-Aug-23 HILTON Quarterly Results 07-Aug-23
DEVHARI Quarterly Results 07-Aug-23 HLEGLAS Quarterly Results 07-Aug-23
DUGARHOU A.G.M.;General 07-Aug-23 ICIL Quarterly Results 07-Aug-23
DYNAVSN A.G.M.;Quarterly Results 07-Aug-23 INDIAGLYCO Quarterly Results 07-Aug-23
EIHAHOTELS Quarterly Results 07-Aug-23 INDIGOPNTS Quarterly Results 07-Aug-23
EMAMIREAL Quarterly Results 07-Aug-23 INDPRUD Quarterly Results 07-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GABRIEL 07-Aug-23 Final Dividend – Rs. – 1.6500 DAAWAT 09-Aug-23 Interim Dividend – Rs. – 0.5000
KARURVYSYA 07-Aug-23 Dividend – Rs. – 2.0000 ICICIBANK 09-Aug-23 Final Dividend – Rs. – 8.0000
NATFIT 07-Aug-23 Dividend – Rs. – 1.5000 MSUMI 09-Aug-23 Final Dividend – Rs. – 0.6500
NAVNETEDUL 07-Aug-23 Final Dividend – Rs. – 2.6000 SMLT 09-Aug-23 Final Dividend – Rs. – 1.0000
PRISMMEDI 07-Aug-23 E.G.M. WSTCSTPAPR 09-Aug-23 Final Dividend – Rs. – 10.0000
RITES 07-Aug-23 Interim Dividend – Rs. – 3.7500 ZPPOLYSA 09-Aug-23 E.G.M.
SAKSOFT 07-Aug-23 Final Dividend – Rs. – 0.3500  MANINFRA 10-Aug-23 Interim Dividend – Rs. – 0.3600
STL 07-Aug-23 Final Dividend – Rs. – 0.2000 ADSL 10-Aug-23 Final Dividend – Rs. – 1.2500
ARCHITORG 08-Aug-23 Final Dividend – Rs. – 0.5000 ALKEM 10-Aug-23 Final Dividend – Rs. – 10.0000
CASTROLIND 08-Aug-23 Interim Dividend – Rs. – 3.0000 AVL 10-Aug-23 Final Dividend – Rs. – 7.5000
POWERGRID 08-Aug-23 Final Dividend – Rs. – 4.7500 GOACARBON 10-Aug-23 Dividend – Rs. – 17.5000
RPEL 08-Aug-23 Bonus issue 1:1 IRBINVIT 10-Aug-23 Income Distribution (InvIT)
SHALBY 08-Aug-23 Final Dividend – Rs. – 1.2000 JSWISPL 10-Aug-23 Amalgamation
STLTECH 08-Aug-23 Final Dividend – Rs. – 1.0000 JUBLINGREA 10-Aug-23 Final Dividend – Rs. – 2.5000
TANAA 08-Aug-23 Interim Dividend – Rs. – 2.5000 JUBLPHARMA 10-Aug-23 Final Dividend – Rs. – 5.0000
WESTLIFE 08-Aug-23 Interim Dividend – Rs. – 3.4500 LINDEINDIA 10-Aug-23 Final Dividend – Rs. – 4.5000

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