The NIFTY opened at 18033.15 with a gap up of 77 points. Prices did not sustain at the higher levels and started drifting downwards after recording its intraday high at 18049.65. A sharp decline came that took the index below 17900 and then prices have seen a pullback. The index again moved down and recorded its intraday low at 17853.65. Prices have moved sideways for the last one and a half hours of trading and have seen a minor recovery. The index finally dosed at 18894.85 with a loss of 61.75 points or 0.34% down.IT outperformed today and ended with a gain of more than 1% followed by FMCG. MEDIA and METAL underperformed today and ended with a loss of over 1%. The short-term trend is sideways. We have been tracking a wide trading range with support around 17800 and resistance around 18250. It has been almost 18 days since prices ended within these levels. Moreover, within this wide trading range, prices are now developing a narrow trading range with support around 17800 and resistance around 18100. A breakout from this range may decide the next directional move. A gap up opening did not sustain today and the index closed lower around 17900. For the time being, we should step aside and avoid trading the index.


The BANK NIFTY opened at 42622.50 with a big gap up of 283 points. Initially, the index tried to move higher but failed to do so and started drifting downwards after recording its intraday high at 42715.65. Prices have seen a sharp decline and recorded its intraday low at 42066.45. The index spends its last one and a half hour of trading moving sideways and finally closed at 42161.95 with a loss of 178 points. PSU BANK has outperformed today, saw a sharp upside move, and dosed with a gain of 1.57% PVT BANK has seen an underperformance today and closed with a loss of 0.53%. Within the index, in terms of points, SBIN contributed the highest on the upside while HDFC BANK contributed the lowest. It was a trend day today but, on the downside, where prices have recorded its intraday high near the opening tick and intraday low near the closing tick. After a gap-up opening, the index kept on drifting downwards throughout the day. For today, we have suggested trade in the direction of a breakout. Since the index opened above 42500 so we waited for the first 15 minutes of high. Prices never cross that high so the trade did not execute. The short-term trend is sideways. Moreover, a narrow trading range is now visible with support around 41700 and resistance around 42700. We should wait for prices to break this range one way or the other.


ICICI PRU 477.55 BUY The stock has about to give a breakout on the intraday as well as the daily chart. The stock can be bought above 479.50 with a stop loss of 475 and a target of 489.
NMDC 127.55 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold at 126.65 with a stop loss of 127.90 and a target of 123.45.


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
PNB.23.01 Jan 59.2 3.68 4.33 223616000 PVR.23.01 Jan 1679.25 -4.28 21.1 3291409
IDFC.23.01 Jan 87.85 2.69 1.33 119270000 ASTRAL.23.01 Jan 1978.35 -3.84 4.29 1951675
L&TFH.23.01 Jan 95.35 2.58 21.06 84760152 ADANIENT.23.01 Jan 3621 -2.9 4.93 12565750
AUROPHARMA2301Jan 447.25 2.56 0.68 14306000 CHOLAFIN.23.01 Jan 695.1 -2.49 1.74 7910000
WHIRLPOOL.23.01 Jan 1483 2.23 12.35 923650 HDFCAMC.23.01 Jan 2108.8 -2.47 4.74 1764000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TECHM.23.01 Jan 1037.8 2.95 -3.49 11904000 JINDALSTEL.23.01 Jan 590.3 -3.62 -2 19078750
IBULHSGFIN.23.01 Jan 142.1 2.45 -0.45 35428000 RAIN.23.01 Jan 179.7 -2.6 -1.2 12078500
BEL.23.01 Jan 102.35 2.15 -0.67 98239500 NMDC.23.01 Jan 128.4 -2.28 -0.25 39613500
HCLTECH.23.01 Jan 1085.55 1.51 -3.25 9282000 IDEA.23.01 Jan 7.2 -2.04 -0.44 554470000
DABUR.23.01 Jan 553.25 1.31 -0.31 11267500 CANFINHOME.23.01 Jan 542.7 -1.71 -0.47 4172025


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Ltd. 2594.8 -1.02 2756714 0 79.91 Nifty50 17894.85 -0.34 90327
Kotak Mahindra Bank Limi 1784.8 0.25 2118161 0 79.59 Niftybank 42167.55 -0.48 90327
United Breweries Limited 1618.25 -0.11 78851 0 73.64 Nifty it 29264.65 1.14 90327
Coromandel International 878.55 0.65 236373 0 73.6 India Vix 15.02 3.87 90327
Icici Lombard General In 1249.5 -0.45 682555 0 71.54 Nifty Fmcg 44006.75 0.12 90327
Itc Ltd. 330.2 0.44 8253942 0 70.08 Nifty Pharma 12659.4 -0.07 90327
Dabur India Ltd. 553.05 1.72 1120373 0 68.52 Nifty Realty 425.8 -0.14 90327
Tata Consumer Products l 747.25 -0.75 838829 0 66.95 Nifty Auto 12748.8 -0.65 90327
Indian Hotels Co. Ltd. 305.3 -1.31 2156472 0 66.81 Nifty Metal 6779.25 -1.32 90327
Atul Ltd. 7753.2 0.71 60315 0 66.65 Nifty Financial Services 18506.25 -0.75 90327


   Domestic                                                                                                                                                  International
INR: Nikkei S&P Global Manufacturing PMI (Jan) on 1st  February, 2023

INR: Union Budget 2023-24 on 1st  February, 2023

 USD: Core Retail Sales (MoM) (Dec) on 18th  January, 2023

USD: PPI (MoM) (Dec) on 18th  January, 2023


  • The Indian benchmark indices ended lower after a volatile day of trading on Monday, as traders await quarterly earnings announcements this week. Asian markets were mixed with the Japanese Nikkei ending lower, ahead of the Bank of Japan’s policy announcement later this week. On the other hand, the European stocks opened higher and continued trading amid volatility on Monday. The S&P BSE Sensex ended 168 points, or 0.28%, lower at 60,092.97, while the NSE Nifty 50 closed 62 points, or 0.34%, lower at 17,894.85.

  • Varun Beverages shares jumped over 5 percent in the morning session on January 16 after Jefferies retained the ‘buy’ rating on the stock.The global research firm has maintained its ‘buy’ call on the stock with a target of Rs 1,540 per share, an upside of over 28 percent from current market price.

  • ndia’s merchandise exports declined by 12.2 percent to $34.48 billion in December 2022, as against $39.27 billion recorded in the same month of the preceding year, as per the government data shared on January 16.This comes after a 0.6 percent rise in exports in November and a 12 percent contraction in October.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABHIJIT Quarterly Results 17-Jan-23 METROBRAND Interim Dividend;Quarterly Results 17-Jan-23
BANKINDIA Quarterly Results 17-Jan-23 NATIONALUM Interim Dividend;General 17-Jan-23
BLBLIMITED Quarterly Results 17-Jan-23 NETWORK18 Quarterly Results 17-Jan-23
CHANDRAP General;Quarterly Results 17-Jan-23 NEWGEN Quarterly Results 17-Jan-23
CONFINT General;Quarterly Results 17-Jan-23 OISL Audited Results;General 17-Jan-23
DCAL General 17-Jan-23 OMKAR Quarterly Results 17-Jan-23
DELTACORP Quarterly Results 17-Jan-23 PHARMAID General 17-Jan-23
DHENUBUILD Quarterly Results 17-Jan-23 PULSRIN Increase in Authorised Capital;General 17-Jan-23
EIKO Quarterly Results 17-Jan-23 SHALBY Quarterly Results 17-Jan-23
ERIS Quarterly Results 17-Jan-23 SHISHIND General;Quarterly Results 17-Jan-23
GULPOLY Quarterly Results 17-Jan-23 SHREEPUSHK Quarterly Results 17-Jan-23
HATHWAY Quarterly Results 17-Jan-23 SHRENTI Quarterly Results 17-Jan-23
ICICIGI Audited Results 17-Jan-23 SHRINIWAS Quarterly Results 17-Jan-23
ICICIPRULI Audited Results;Quarterly Results 17-Jan-23 STANCAP Quarterly Results 17-Jan-23
INDINFR General 17-Jan-23 TATAINVEST Quarterly Results 17-Jan-23
INDOEURO Quarterly Results 17-Jan-23 TATAMETALI Audited Results 17-Jan-23
JJFINCOR Quarterly Results 17-Jan-23 TIGERLOGS General;Quarterly Results 17-Jan-23
KREONFIN General 17-Jan-23 TOKYOFIN Quarterly Results 17-Jan-23
MAHACORP Quarterly Results 17-Jan-23 TOKYOPLAST Quarterly Results 17-Jan-23
MANGIND Quarterly Results 17-Jan-23 TV18BRDCST Quarterly Results 17-Jan-23
MASTEK Interim Dividend;Quarterly Results 17-Jan-23 ZODIACVEN Quarterly Results 17-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AARTISURF 17-Jan-23 Right Issue of Equity Shares PBAINFRA 27-Jan-23 E.G.M.
MARKOLINES 17-Jan-23 Right Issue of Equity Shares SURYAROSNI 27-Jan-23 Interim Dividend
SKL 17-Jan-23 E.G.M. ASCENSIVE 30-Jan-23 E.G.M.
KPIGREEN 18-Jan-23 Bonus issue 1:1 BANARBEADS 30-Jan-23 Interim Dividend
HCLTECH 19-Jan-23 Interim Dividend – Rs. – 10.0000 BAZELINTER 30-Jan-23 E.G.M.
DDIL 20-Jan-23 Stock  Split From Rs.10/- to Rs.1/- IIFLWAM 30-Jan-23 Interim Dividend
HERITGFOOD 20-Jan-23 Right Issue of Equity Shares LTIM 30-Jan-23 Interim Dividend
KARNAVATI 20-Jan-23 E.G.M. RKFORGE 31-Jan-23 Dividend
ANGELONE 24-Jan-23 Interim Dividend DCMSHRIRAM 01-Feb-23 Interim Dividend
CARGOSOL 24-Jan-23 E.G.M. SHAREINDIA 01-Feb-23 Interim Dividend
GOTHIPL 24-Jan-23 Interim Dividend THANGAMAYL 01-Feb-23 Interim Dividend
PRECWIRE 24-Jan-23 E.G.M. ACCELYA 02-Feb-23 Interim Dividend
WIPRO 24-Jan-23 Interim Dividend – Rs. – 1.0000 VAIBHAVGBL 03-Feb-23 Interim Dividend
HAVELLS 25-Jan-23 Interim Dividend ZENSARTECH 03-Feb-23 Interim Dividend
NATIONALUM 25-Jan-23 Interim Dividend GILLETTE 09-Feb-23 Interim Dividend
PERSISTENT 25-Jan-23 Interim Dividend TVTODAY 13-Feb-23 Interim Dividend
ABIRAFN 27-Jan-23 Buy Back of Shares CAMS 15-Feb-23 Interim Dividend

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