The NIFTY opened at 18741.85 with a gap down of 30 points. The index continued moving lower but soon found support around 18650 and bounced up sharply. Prices have seen a sharp rally but could not surpass the early morning highs. The index again moved down. The down move this time lasted till the end. Prices have recorded its intraday high at 18756.40 in its initial trades. The index recorded its intraday low at 18647.10 near the end of today’s trading session and finally closed at 18665.50 near its day’s lows with a loss of 105.75 points or 0.56% down.  All the sectoral indices have closed with a loss today except PHARMA which ended with minor gains. MEDIA and METAL led the bears today by ending more than 2% lower followed by AUTO, OIL GAS, and IT. a trading range inside 18650-18900 remained intact for the past eight trading days. We may see a breakout or breakdown soon.


The BANK NIFTY opened at 43641.60 with a gap down of 75 points. The Index continued moving lower but soon found support around 43500. Prices have recorded its intraday low at 43519.55 and started moving higher. Soon the rally found resistance and then formed a trading range. That range lasted till the end, prices recorded its intraday high at 43824.10 and finally closed at 43617.05 with a loss of 99 points. PSU BANK underperformed today, saw a sharp intraday decline, and closed lower by 1.18% PVT BANK also moved down today and ended with a loss of just 0.02% Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while SBIN contributed the lowest. The intraday range was narrow about 305 points. A trading range inside 43400-44500 remained intact. The short-term trend is sideways and we may see a breakout or breakdown very soon.


HCL TECH 1165.15 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1165.15 with a stop loss of 1139.00 and a target of 1215.00.
BPCL 359.60 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 359.60 with a stop loss of 366.85 and a target of 346.50.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MIDCPNIFTY.23.06 Jun 8010.8 -0.9 8.89 11025
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
AUROPHARMA.23.06 Jun 699.5 3.93 -24.16 6843000 ADANIENT.23.06 Jun 2235.3 -6.92 -16.52 8727250
INDUSINDBK.23.06 Jun 1308.2 2.61 -20.98 12224250 PEL.23.06 Jun 883.8 -5.11 -20.94 5885550
DRREDDY.23.06 Jun 5000.55 2.09 -7.37 3099375 ADANIPORTS.23.06 Jun 712.1 -4.4 -12.39 24205625
ABCAPITAL.23.06 Jun 175.1 2.04 -13.15 20822400 AARTIIND.23.06 Jun 502.1 -4.38 -8.75 4466750
BHARTIARTL.23.06 Jun 855.15 1.58 -23.22 29172600 AMBUJACEM.23.06 Jun 425.95 -4.23 -12.81 41142600


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bata India Ltd. 1625.5 -0.67 133758 388512 79.84 Nifty50 18665.5 -0.56 30645292
Alkem 3349.95 0.02 187418 199762 78.02 Niftybank 43622.9 -0.23 13125434
Cipla Ltd 989.4 -0.89 1776614 2191651 76.83 Nifty it 28554.25 -0.89 895734
Hdfc Ltd. 2723.15 0.27 3089041 4618301 76.49 India Vix 11.24 -2.68 500092519
Container Corp Of India 642.4 -0.01 653943 808386 75.28 Nifty Fmcg 51283.75 -0.53 291749
Bharti Airtel Limited 854.8 1.42 7667340 3228273 73.7 Nifty Pharma 13186.3 0.15 43454308
Voltas Ltd. 750.5 -4.04 4692817 1346727 69.34 Nifty Realty 506.9 -0.62 1126778980
Gail (india) Limited 105.05 0.57 7880417 11181292 68.83 Nifty Auto 14550.2 -1.03 39184084
Abbott India Limited 22659.3 0.46 8049 7024 68.79 Nifty Metal 6037.2 -2.48 93961346
Tech Mahindra Limited 1115.5 -0.32 3492348 1583570 67.08 Nifty Financial Services 19515.05 -0.4 4248540


Domestic                                                                                                                                           International INR: Federal Fiscal Deficit (May) on 30th June, 2023

INR: RBI Monetary and Credit Information Review on 30th June, 2023

USD: Building Permits on 27th June, 2023

USD: Core Durable Goods Orders (MoM) (May) on 27th June, 2023


  • The benchmark indices ended lower for the second consecutive session on June 23 with Nifty below 18,700 amid selling across the sectors. At close, the Sensex was down 259.52 points or 0.41 percent at 62,979.37, and the Nifty was down 105.80 points or 0.56 percent at 18,665.50.

  • India’s Reliance Jio Infocomm Ltd. is in talks to raise a loan for about $1.6 billion to fund the purchase of equipment from Nokia Oyj, acc. to people familiar with the matter. Banks involved in the discussions with billionaire Mukesh Ambani’s telecoms company include Citigroup Inc., HSBC Holdings Plc. and JPMorgan Chase & Co.

  • PKH Ventures Ltd initial public offering will open for subscription on June 30 and close on July 4. The allotment will be on July 7, initiation of refunds will be on July 10 and listing on exchanges will be on July 12. The IPO consists of a fresh issue of upto 18.26 million shares and an offer for sale of upto 7.73 million shares by its promoter Pravin Kumar Agarwal. Currently, Pravin Kumar Agarwal holds 63.69 percent stake in the firm.

  • Agrochemical player UPL Ltd. will transfer its specialty chemicals business to its wholly-owned subsidiary, UPL Speciality Chemicals Ltd., for a consideration of Rs 3,572 crore. The transaction will be done on a slump sale basis, according to its exchange filing.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AFFORDABLE General 26-Jun-23 AMBOAGRI Audited Results 28-Jun-23
CUB A.G.M.;General 26-Jun-23 BPCL General 28-Jun-23
ESARIND General 26-Jun-23 BRAHMINFRA General 28-Jun-23
MAHALXSE General 26-Jun-23 CANBK General 28-Jun-23
MARG Audited Results 26-Jun-23 HBLPOWER General 28-Jun-23
MAYURFL General 26-Jun-23 MANGIND General 28-Jun-23
RANDER Audited Results;General 26-Jun-23 PROCLB General 28-Jun-23
SBECSYS Reduction of Capital 26-Jun-23 SHUKRAPHAR General 28-Jun-23
SVRL General 26-Jun-23 YASHRAJC A.G.M.;General 28-Jun-23
TILAK General 26-Jun-23 LATIMMETAL Right Issue of Equity Shares 29-Jun-23
BILLWIN Right Issue of Equity Shares 27-Jun-23 STDSHOE General 29-Jun-23
CSLFINANCE Preferential Issue of shares 27-Jun-23 UNQTYMI A.G.M.;General 29-Jun-23
EY Preferential Issue of shares;General 27-Jun-23 DPL Audited Results;Quarterly Results 30-Jun-23
HAL Final Dividend;Stock  Split 27-Jun-23 INDAGIV Audited Results 30-Jun-23
HINDNATGLS General 27-Jun-23 MUKESHB A.G.M. 30-Jun-23
INSILCO General 27-Jun-23 NIBL General 30-Jun-23
KAJARIR General 27-Jun-23 NOVIS Audited Results 30-Jun-23
RPEL Bonus issue;A.G.M.;General 27-Jun-23 OBCL General 30-Jun-23
SPELS Audited Results 27-Jun-23 PADALPO General 30-Jun-23
SRMENERGY General 27-Jun-23 SAGARSYST A.G.M. 30-Jun-23
SWANENERGY General 27-Jun-23 SAMKRG General 30-Jun-23
WEWIN General 27-Jun-23 SUPERHOUSE General 30-Jun-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
TAPARIA 26-Jun-23 Final Dividend – Rs. – 77.5000 KUANTUM 30-Jun-23 Final Dividend – Rs. – 3.0000
TATACOMM 26-Jun-23 Final Dividend – Rs. – 21.0000 MAHSCOOTER 30-Jun-23 Final Dividend – Rs. – 60.0000
ANANTRAJ 27-Jun-23 Final Dividend – Rs. – 0.5000 NAM-INDIA 30-Jun-23 Final Dividend – Rs. – 7.5000
BOMOXY-B1 27-Jun-23 Final Dividend – Rs. – 15.0000 NILKAMAL 30-Jun-23 Final Dividend – Rs. – 20.0000
SAGARSOFT 27-Jun-23 Dividend – Rs. – 2.0000 SONACOMS 30-Jun-23 Final Dividend – Rs. – 1.5300
SPLPETRO 27-Jun-23 Final Dividend – Rs. – 7.0000 SYNGENE 30-Jun-23 Final Dividend – Rs. – 0.5000
THANGAMAYL 27-Jun-23 Final Dividend – Rs. – 6.0000 SYNGENE 30-Jun-23 Special Dividend – Rs. – 0.7500
WELSPUNIND 27-Jun-23 Final Dividend – Rs. – 0.1000 VAIBHAVGBL 30-Jun-23 Final Dividend – Rs. – 1.5000
SKFINDIA 29-Jun-23 Final Dividend – Rs. – 40.0000 WELENT 30-Jun-23 Final Dividend – Rs. – 1.0000
AEGISLOG 30-Jun-23 Final Dividend – Rs. – 1.2500 AXTEL 03-Jul-23 Final Dividend – Rs. – 3.0000
ALUFLUOR 30-Jun-23 Final Dividend – Rs. – 2.0000 BALAMINES 03-Jul-23 Final Dividend – Rs. – 10.0000
BAJAJ-AUTO 30-Jun-23 Final Dividend – Rs. – 140.0000 GEOJITFSL 03-Jul-23 Final Dividend – Rs. – 1.5000
BAJAJFINSV 30-Jun-23 Final Dividend – Rs. – 0.8000 JYOTHYLAB 03-Jul-23 Final Dividend – Rs. – 3.0000
BAJAJHLDNG 30-Jun-23 Final Dividend – Rs. – 13.0000 ALKYLAMINE 04-Jul-23 Final Dividend – Rs. – 10.0000
BAJFINANCE 30-Jun-23 Final Dividend – Rs. – 30.0000 ATFL 04-Jul-23 Final Dividend – Rs. – 3.0000
BANKBARODA 30-Jun-23 Dividend – Rs. – 5.5000 KANSAINER 04-Jul-23 Bonus issue 1:2
CANFINHOME 30-Jun-23 Final Dividend – Rs. – 2.0000 MOTILALOFS 04-Jul-23 Final Dividend – Rs. – 3.0000
DDEVPLASTIK 30-Jun-23 Bonus issue 1:10 NATHBIOGEN 04-Jul-23 Final Dividend – Rs. – 2.0000
ESCORTS 30-Jun-23 Final Dividend – Rs. – 7.0000 PSB 04-Jul-23 Final Dividend – Rs. – 0.4800
GLAXO 30-Jun-23 Final Dividend – Rs. – 32.0000 TIDEWATER 04-Jul-23 Final Dividend – Rs. – 15.0000
GRNLAMIND 30-Jun-23 Final Dividend – Rs. – 1.5000 DEEPAKSP 05-Jul-23 Final Dividend – Rs. – 2.5000
HITECHCORP 30-Jun-23 Final Dividend – Rs. – 1.0000 MPHASIS 05-Jul-23 Final Dividend – Rs. – 50.0000

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