The NIFTY opened at 18619.15 with a big gap up of 120 points. Initially, the index saw an upside move but soon found resistance and started moving sideways. Prices have recorded its intraday high at 18641.20 and moved within a narrow range for the whole day. The index has seen some volatile movement between the 18580-18640 zone. The Index recorded its intraday low at 18581.25 and finally closed at 18598.65 near its opening tick with a gain of 99.30 points or 0.54% up. All the sectoral indices have performed well today and closed with gains except OIL GAS and IT. METAL, FINANCIAL, and REALTY led the bulls today and ended with a gain of nearly 1%. The short-term trend is up. The support is now visible around 18400 while the resistance may emerge around 18600. The index is now moving around this level.


The BANK NIFTY opened at 44276.80 with a big gap up of 280 points. Initially, the index moved further up but soon found strong resistance. Prices have spent most of the day moving sideways inside a tight narrow range. In this process, the index recorded its intraday high at 44483.35, intraday low at 44193.95, and finally closed at 44323.45 with a gain of 327 points. PSU and PVT BANK both indices have performed almost the same today, saw an upside move, and closed higher by 0.58% &0.41% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while ICICI BANK contributed the lowest. The short-term trend is up now. We have been tracking a narrow trading range inside 43400-44150. This range has broken on the upside. Moreover, the Index recorded lifetime new highs. All these signs suggest higher levels may be ahead.


CROMPTON 275.45 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 276.10 with a stop loss of 272.75 and a target of 282.90.
PETRONET 223.70 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 223.15 with a stop loss of 224.15 and a target of 221.15.


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
M&M.23.06 Jun 1335.45 3.82 0.33 12905900 CUB.23.06 Jun 125.1 -10.96 66.78 23775000
ICICIPRULI.23.06 Jun 465.3 3.6 5.99 14211000 GMRINFRA.23.06 Jun 40.65 -10.36 13.95 141930000
IRCTC.23.06 Jun 650.75 3.5 6.42 12421500 BALKRISIND.23.06 Jun 2275.85 -6.76 14.95 1962900
IBULHSGFIN.23.06 Jun 118.4 3.41 10.19 50116000 BOSCHLTD.23.06 Jun 18428.6 -3.46 15.4 143500
LUPIN.23.06 Jun 811.3 3.25 12.53 6381800 MPHASIS.23.06 Jun 1955.15 -1.01 3.5 2731025
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ICICIGI.23.06 Jun 1197.8 8.11 -10.86 4554725 ONGC.23.06 Jun 159.7 -2.89 -8.25 47258750
BHEL.23.06 Jun 83.65 5.35 -1.58 105073500 INDHOTEL.23.06 Jun 380.7 -1.04 -2.28 19222000
RBLBANK.23.06 Jun 154.9 3.68 -3.19 36115000 INDUSTOWER.23.06 Jun 156.05 -1.01 -0.92 36372000
JKCEMENT.23.06 Jun 3123.95 2.86 -2.39 419500 HCLTECH.23.06 Jun 1134.4 -0.99 -0.29 10220000
INDIACEM.23.06 Jun 194.6 2.8 -4.85 15970300 MARUTI.23.06 Jun 9372.8 -0.76 -6.56 1645500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Lombard General In 1190.95 8.27 8245590 418446 63.53 Nifty50 18598.65 0.54 28650540
Bharat Heavy Elect Ltd. 83 5.13 69936887 10524189 30.9 Niftybank 44311.9 0.67 12026183
Mah & Mah Ltd. 1330.15 3.77 6185862 1940517 55.32 Nifty it 29240.2 -0.39 663226
Rbl Bank Limited 153.75 3.64 10463140 1272291 26.5 India Vix 12.3 3.36 435471280
Icici Prudential Life In 461.8 3.55 3646628 895744 68.59 Nifty Fmcg 50626.4 0.47 399799
Indian Railway Catering 645.75 3.43 4019467 344867 29.1 Nifty Pharma 12624.2 0.18 42219746
Ibulhsgfin 117.45 3.43 28877604 5790903 31.15 Nifty Realty 476.2 0.77 1118965548
Lupin Limited 805.7 3.3 1895651 150755 40.81 Nifty Auto 14219.6 0.63 37419300
Jk Cement Limited 3103.55 3.19 207748 22211 39.47 Nifty Metal 5991.2 0.94 88989501
The India Cements Limite 193.2 2.85 3115900 423451 24.24 Nifty Financial Services 19532.7 0.84 4782949


   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (Mar) on 31st May, 2023

INR: GDP Quarterly (YoY) (Q4) on 31st May, 2023

 USD: CB Consumer Confidence (May) on 30th May, 2023

USD: JOLTs Job Openings (Apr) on 31st May, 2023


  • Indian equity benchmarks held on to steady gains to end higher on Monday as U.S. lawmakers reached a debt ceiling limit settlement. While, NBFC and consumer durables sectors advanced, I.T. and energy shares declined in trade. HDFC Twins and M&M led to positive gains. The S&P BSE Sensex Index inched closer 63,000-mark, whereas, Nifty was near 18,600-mark.

  • Affordable Robotic and Automation Ltd gained nearly 3.5 percent on May 29 following the announcement of its collaboration with Toyota Lift Northwest. The company appointed Toyota Lift Northwest as the channel partner for its subsidiary, ARAPL Raas Private Ltd, in the United States.

  • The Nifty Bank index scaled a record high on May 29 as investors continued buying bank stocks following better-than-expected March quarter earnings. The index gained over 12 percent in the last two months.

  • Go First has offered its pilots an amount of Rs 1 lakh per month in addition to their existing salary, in a bid to retain them amidst the crisis that has forced the airline to temporarily suspend its operations.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
1STCUS Audited Results;Final Dividend 30-May-23 AFFORDABLE Audited Results 30-May-23
3MINDIA A.G.M.;Audited Results;Final Dividend;General 30-May-23 AHMDSTE Audited Results;General 30-May-23
AAIL Audited Results 30-May-23 AICHAMP Audited Results 30-May-23
AANCHALISP Audited Results 30-May-23 AIHL Audited Results;General 30-May-23
AARNAV Audited Results 30-May-23 AIIL Audited Results;General 30-May-23
AARVEEDEN Audited Results 30-May-23 AISHWARYA Audited Results;Quarterly Results 30-May-23
AASHKA Audited Results 30-May-23 AJANTSOY Audited Results 30-May-23
AASTAFIN Audited Results 30-May-23 AJEL Audited Results 30-May-23
AAYUSH Audited Results 30-May-23 AKM Audited Results;General 30-May-23
ABATEAS Audited Results 30-May-23 AKSCHEM Audited Results;Final Dividend 30-May-23
ABCGAS Audited Results 30-May-23 AKSPINTEX Audited Results 30-May-23
ACCEDERE Audited Results 30-May-23 ALEXANDER Audited Results;Quarterly Results 30-May-23
ACE Audited Results;Final Dividend;General 30-May-23 ALFAVIO Audited Results;General;Quarterly Results 30-May-23
ACEMEN Audited Results;General 30-May-23 ALKASEC Audited Results 30-May-23
ACESOFT Audited Results 30-May-23 ALKOSIGN Audited Results 30-May-23
ACTIVE Audited Results 30-May-23 AMANAYA Audited Results 30-May-23
ADANIPORTS Audited Results;Final Dividend 30-May-23 AMARSEC Quarterly Results 30-May-23
ADDIND Audited Results;Quarterly Results 30-May-23 AMBALALSA Audited Results;General 30-May-23
ADJIA Audited Results 30-May-23 AMBARPIL Audited Results 30-May-23
ADLINE Audited Results;General;Quarterly Results 30-May-23 AMBOAGRI Audited Results;Quarterly Results 30-May-23
ADORMUL Audited Results;Quarterly Results 30-May-23 AMCOIND Audited Results 30-May-23
ADORWELD A.G.M.;Audited Results;Final Dividend 30-May-23 AMINTAN Audited Results 30-May-23
AEGISLOG Audited Results;Final Dividend 30-May-23 AMRAPLIN Audited Results;General 30-May-23
AEL Audited Results 30-May-23 AMRUTANJAN Audited Results;Final Dividend 30-May-23
AFEL Audited Results 30-May-23 ANANDPROJ Audited Results 30-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ITC 30-May-23 Final Dividend – Rs. – 6.7500 JSWENERGY 02-Jun-23 Final Dividend – Rs. – 2.0000
ITC 30-May-23 Special Dividend – Rs. – 2.7500 MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
PRAXIS 30-May-23 Right Issue of Equity Shares NECCLTD 02-Jun-23 Right Issue of Equity Shares
RALLIS 30-May-23 Final Dividend – Rs. – 2.5000 PAGEIND 02-Jun-23 Interim Dividend
SHREERAMA 30-May-23 Right Issue of Equity Shares STEELCAS 02-Jun-23 Special Dividend – Rs. – 3.1500
VEDL 30-May-23 Interim Dividend – Rs. – 18.5000 SYLPH 02-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
ADVANIHOTR 31-May-23 Interim Dividend – Rs. – 1.4000 HARDWYN 05-Jun-23 Bonus issue 1:3
BGJL 31-May-23 Right Issue of Equity Shares HARDWYN 05-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
DBCORP 31-May-23 Interim Dividend – Rs. – 3.0000 SHYAMMETL 05-Jun-23 Interim Dividend – Rs. – 1.8000
LODHA 31-May-23 Bonus issue 1:1 SKMEGGPROD 05-Jun-23 Interim Dividend – Rs. – 2.0000
PGINVIT 31-May-23 Income Distribution (InvIT) NELCO 06-Jun-23 Dividend – Rs. – 2.0000
SBIN 31-May-23 Dividend – Rs. – 11.3000 PRIMESECU 06-Jun-23 Dividend – Rs. – 0.5000
APTECHT 01-Jun-23 Interim Dividend – Rs. – 6.0000 MARKSANS 07-Jun-23 Final Dividend
SHREECEM 01-Jun-23 Interim Dividend – Rs. – 55.0000 OPTIEMUS 07-Jun-23 Interim Dividend – Rs. – 1.5000
SIL 01-Jun-23 Interim Dividend – Rs. – 0.8000 SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000
TRIDENT 01-Jun-23 Interim Dividend – Rs. – 0.3600 TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000
ANZEN 02-Jun-23 Income Distribution (InvIT) UNIPARTS 07-Jun-23 Interim Dividend – Rs. – 6.0000
AXITA 02-Jun-23 Buy Back of Shares BIKAJI 08-Jun-23 Final Dividend – Rs. – 0.7500
EDELWEISS 02-Jun-23 Spin Off PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
HAVELLS 02-Jun-23 Final Dividend – Rs. – 4.5000 RCL 08-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
INDUSINDBK 02-Jun-23 Final Dividend – Rs. – 14.0000 ASIANPAINT 09-Jun-23 Final Dividend – Rs. – 21.2500
INFY 02-Jun-23 Final Dividend – Rs. – 17.5000 BEPL 09-Jun-23 Final Dividend – Rs. – 1.0000

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