The NIFTY opened at 19258.15 without much of a change. The index initially consolidated and soon broke on the upside after recording its Intraday low at 19255.70. Prices slowly inched higher but again formed a consolidation. A breakout came on the upside again and prices rallied sharply this time towards its resistance of 19500. The index found resistance before reaching there and recorded its intraday high at 19458.55. Prices have finally closed at 19435.30 with a gain of181.50 points or 0.94% up. All the sectoral indices have moved up and closed with gains except PHARMA which ended 0.56% lower. METAL led the bulls by gaining 2.88% followed by AUTO, OIL GAS, BANK, and IT. The extremes are 19250 on the downside and 19500 on the upside. Since the range is very narrow, we are expecting a breakout very soon one way or the other. The index is now moving near the higher extreme.


The BANK NIFTY opened at 43996.10 with a gap down of 64 points. The index initially moved lower but soon found support and then started a consolidation process. Prices have broken on the upside after recording its intraday low at 43830.75 and saw a sharp upside move. Prices have recorded its intraday high at 44568.55 and finally closed at 44403.70 with a gain of 343 points. PSU and PVT BANK, both indices have performed the same, saw a sharp upside move, and closed with a gain of 1.60% &0.96% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while FEDERAL BANK contributed the lowest. The short-term trend is sideways. We have been tracking a trading range inside 44000-44800 zones. Prices have been moving inside this range for the past eight trading days and the range is still intact.


INDUSIND BANK 1416.55 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1424.10 with a stop loss of 1406.45 and a target of 1459.70.
HDFC AMC 2431.25 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2423.95 with a stop loss of 2461.15 and a target of 2350.40.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
IRCTC  700 CE BUY 17.70 CMP 14.70 26.70 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BHEL.23.09 Sep 136.95 13.14 794.42 92505000 HDFCAMC.23.09 Sep 2389.95 -5.14 875.99 5536800
IDEA.23.09 Sep 10.15 12.15 395.19 963040000 IDFCFIRSTB.23.09 Sep 90.7 -2.84 1376.9 267615000
INDIACEM.23.09 Sep 262.95 11.61 2315.85 22979600 TORNTPHARM.23.09 Sep 1799.45 -2.65 3745.69 2230500
MCX.23.09 Sep 1818.8 7.67 4041.71 3296800 JUBLFOOD.23.09 Sep 503.2 -1.88 587.6 15943750
SAIL.23.09 Sep 97.25 7.28 2593.08 130776000 ABB.23.09 Sep 4307.5 -1.74 1160.45 1266750
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Tata Communications Ltd. 1852.4 3.54 1682163 3433288 87.89 Nifty50 19435.3 0.94 44727518
Shree Cements Ltd. 24139.35 1.42 27413 51218 82.65 Niftybank 44436.1 1.02 19557873
Aditya Birla Capital Lim 184.1 1.63 6310913 15368826 78.89 Nifty it 31514.35 1.12 773482
Upl Limited 603 2 2466406 5743219 78.45 India Vix 11.36 -5.8 738792855
Ntpc Limited 230.7 4.72 29859815 14216417 76.71 Nifty Fmcg 51240.5 0.29 326781
Coalindia 236.9 2.98 14869577 7858871 75.54 Nifty Pharma 15011.8 -0.56 57550562
Power Finance Corporatio 257.4 -1.08 25508836 1.24E+08 75.31 Nifty Realty 563.65 0.94 1541014388
Bharti Airtel Limited 865.95 1.12 4427899 9417460 75.17 Nifty Auto 15928.3 1.65 54624689
Dabur India Ltd. 553.35 0.05 924117 3555518 75.07 Nifty Metal 6851 2.88 127421304
Britannia Ind Ltd. 4484.35 0.37 383124 655786 74.98 Nifty Financial Services 19764.35 0.85 5516769

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Nikkei Services PMI (Aug) on 05th Sep, 2023

INR: M3 Money Supply on 06th Sep, 2023

USD: Services PMI (Aug) on 06th Sep, 2023

USD: ISM Non-Manufacturing PMI (Aug) on 06th Sep, 2023

News Updates

  • Benchmark indices ended higher on September 1 with Nifty above 19,400 amid buying across the sectors barring pharma. At close, the Sensex was up 555.75 points or 0.86 percent at 65,387.16, and the Nifty was up 181.50 points or 0.94 percent at 19,435.30. About 2103 shares advanced, 1456 shares declined, and 108 shares unchanged.

  • After pouring a whopping amount into Indian equities in the past three months, foreign investors have slowed down the pace of inflow to Rs 12,262 crore in August on higher crude oil prices and the resurfacing of inflation risks.

  • Leading stock exchange BSE has revised the circuit limit of Jio Financial Services, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, to 20 per cent from the existing 5 per cent. The new limits will be effective from Monday, September 4, according to a notification issued by BSE.

  • Tata Steel is in advanced talks with the UK government to agree around GBP 500 million in state-backed funding to secure the future of its Port Talbot plant in South Wales, according to UK media reports this weekend.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AJWAFUN General;A.G.M. 04-Sep-23 FRANKLIN General;A.G.M. 04-Sep-23
ARIHANT General 04-Sep-23 GANESHBE A.G.M. 04-Sep-23
ATAM Final Dividend;A.G.M. 04-Sep-23 GBFL General 04-Sep-23
AXITA Employees Stock Option Plan;General 04-Sep-23 GLCL A.G.M. 04-Sep-23
BALUFORGE Issue Of Warrants;General;A.G.M.;Preferential Issue of shares 04-Sep-23 GVFILM A.G.M. 04-Sep-23
BBREALTY A.G.M. 04-Sep-23 HARISH General;A.G.M. 04-Sep-23
BINDALEXPO A.G.M. 04-Sep-23 HPAL Stock  Split 04-Sep-23
BIZOTIC Audited Results;A.G.M. 04-Sep-23 INDINFO A.G.M. 04-Sep-23
BMBMUMG Quarterly Results 04-Sep-23 INLCM Stock  Split 04-Sep-23
CHOTHANI A.G.M. 04-Sep-23 INNOVATUS General;A.G.M. 04-Sep-23
COMMAND General;A.G.M. 04-Sep-23 JAINMARMO General;A.G.M. 04-Sep-23
DECIPHER General;A.G.M. 04-Sep-23 JPTRLES General;A.G.M. 04-Sep-23
DEKSON A.G.M. 04-Sep-23 LADIAMO Audited Results;A.G.M. 04-Sep-23
DSSL General;A.G.M. 04-Sep-23 MACKINN Audited Results;General;A.G.M. 04-Sep-23
EMERALL A.G.M. 04-Sep-23 MHEL Audited Results 04-Sep-23
ESARIND A.G.M. 04-Sep-23 MISHKA A.G.M. 04-Sep-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ABIRAFN 04-Sep-23 Dividend – Rs. – 2.0000 DHRUV 05-Sep-23 Interim Dividend – Rs. – 0.2500
AHLEAST 04-Sep-23 Dividend – Rs. – 2.5000 EMAMIPAP 05-Sep-23 Dividend – Rs. – 1.6000
BIRLACABLE 04-Sep-23 Dividend – Rs. – 2.5000 INDIAGLYCO 05-Sep-23 Final Dividend – Rs. – 7.5000
ELECTCAST 04-Sep-23 Final Dividend – Rs. – 0.9000 IRCON 05-Sep-23 Final Dividend – Rs. – 1.2000
GRAVITA 04-Sep-23 Final Dividend – Rs. – 4.3500 KAJARIACER 05-Sep-23 Final Dividend – Rs. – 3.0000
JAICORPLTD 04-Sep-23 Final Dividend – Rs. – 0.5000 NGIL 05-Sep-23 Right Issue of Equity Shares
LUDLOWJUT 04-Sep-23 Dividend – Rs. – 1.5000 PFS 05-Sep-23 Final Dividend – Rs. – 1.0000
MALLCOM 04-Sep-23 Final Dividend – Rs. – 3.0000 SALAUTO 05-Sep-23 Dividend – Rs. – 4.0000
NIRLON 04-Sep-23 Final Dividend – Rs. – 11.0000 SAYAJIHOTL 05-Sep-23 Spin Off
RADIANTCMS 04-Sep-23 Final Dividend – Rs. – 2.0000 SWASTIKA 05-Sep-23 Final Dividend – Rs. – 2.0000
TVSSRICHAK 04-Sep-23 Final Dividend – Rs. – 32.0500 VIVANTA 05-Sep-23 Final Dividend – Rs. – 0.0300
UNIVCABLES 04-Sep-23 Final Dividend – Rs. – 3.0000 VIVANTA 05-Sep-23 Bonus issue 1:4
VINDHYATEL 04-Sep-23 Final Dividend – Rs. – 15.0000 WINDLAS 05-Sep-23 Final Dividend – Rs. – 4.0000
BENGALASM 05-Sep-23 Final Dividend – Rs. – 25.0000 ZWELCAST 05-Sep-23 Dividend – Rs. – 2.5000
CHEMCRUX 05-Sep-23 Final Dividend – Rs. – 2.0000 BBL 06-Sep-23 Dividend – Rs. – 40.0000
DENORA 05-Sep-23 Final Dividend – Rs. – 2.0000 BHARATRAS 06-Sep-23 Final Dividend – Rs. – 1.5000

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