The NIFTY opened at 19564.65 with a gap up of 36 points. The index initially moved down for the first five minutes of trading and filled the gap. However, the index bounced up afterward. A rally started but found resistance quickly before crossing above 19600. The index recorded its intraday high at 19587.05 and started drifting downward to record its intraday low at 19525.75.Prices have seen another up move in the last two hours of trading but could not cross above the early morning highs. The index finally closed at19574.90 near its opening tick with a gain of 46.10 points or 0.24% up. MEDIA outperformed, saw a sharp upside move, and closed higher by 3.19% followed by PHARMA and REALTY. BANK, FINANCIAL, and AUTO underperformed and closed with a minor loss. We have been tracking a trading range inside 19250-19500 zones. This range finally broke on the upside giving us a pattern target around 19750. However, after a breakout, we did not see a sharp move which puts a question mark on the breakout.


The BANK NIFTY opened at 44625.05 with a gap up of 41 points. The index initially moved down then turned up and then found strong resistance. Prices have moved down after recording its Intraday high at 44668.70 and saw a mild decline. The Index found support around 44400 and then saw a mild recovery after recording its intraday low at 44401.70. Prices have finally closed at 44543.85 with a loss of just 41 points. PSU BANK outperformed today, saw a mild upside move, and closed with a gain of 0.74%, PVT BANK also moved up today but ended with a marginal gain of just 0.06%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while HDFC 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 ten trading days and the range is still intact.


COLPAL 1988.95 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1994.60 with a stop loss of 1968.75 and a target of 2048.90.
M&M 292.65 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 290.90 with a stop loss of  290.90 and a target of 282.35.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
ICICI BANK   1000 CE BUY 6.05 CMP 4.80 8.70 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
JUBLFOOD.23.09 Sep 534.75 6.3 5.85 16982500 ICICIPRULI.23.09 Sep 539.75 -3.03 12.75 8982000
ABFRL.23.09 Sep 232.8 5.32 7.09 29686800 MOTHERSON.23.09 Sep 100.45 -2.48 7.64 80329400
AUROPHARMA.23.09 Sep 861.5 4.33 4.96 13932600 NATIONALUM.23.09 Sep 102.25 -1.82 4.46 65917500
GLENMARK.23.09 Sep 794.75 3.93 18.62 6891850 ULTRACEMCO.23.09 Sep 8510.2 -1.44 3.13 1338100
NMDC.23.09 Sep 144.05 3.78 1.6 113017500 MANAPPURAM.23.09Sep 151.85 -1.4 2.34 77454000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PETRONET.23.09 Sep 230.5 4.51 -1.13 21045000 IBULHSGFIN.23.09 Sep 187.1 -4.66 -2.31 62220000
ABBOTINDIA.23.09 Sep 22940 1.91 -0.52 68840 HINDCOPPER.23.09 Sep 168.2 -2.04 -4.21 36506400
ASTRAL.23.09 Sep 1917 1.46 -0.32 4012778 INDIACEM.23.09 Sep 255.3 -1.56 -2.75 24473100
LTTS.23.09 Sep 4605 1.32 -0.34 649800 ICICIGI.23.09 Sep 1350 -1.27 -0.63 3239500
ATUL.23.09 Sep 7423.95 1.29 -0.46 340500 IDEA.23.09 Sep 10 -0.99 -1.01 961360000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bata India Ltd. 1681.9 1.62 153046 513728 75.69 Nifty50 19574.9 0.24 98400
Itc Ltd. 443.1 1.28 8378915 10153713 74.63 Niftybank 44532.15 -0.1 98349
Apollo Hospitals Ltd 4984.5 3.31 800554 263612 74.37 Nifty it 32365.3 0.63 98349
Hindustan Unilever Ltd 2507.05 0.23 844088 834465 72.99 India Vix 10.81 -1.32 103575
Jk Cement Limited 3421.4 2.89 199435 120655 72.23 Nifty Fmcg 51548.45 0.74 98349
Godrej Cons Products Ltd 1009.1 0.79 399675 442434 70.85 Nifty Pharma 15218.25 1.1 98349
Colgate Palmolive (india 1988.95 2.47 410832 401897 70.65 Nifty Realty 576.2 1.06 98349
Bharti Airtel Limited 865.9 0.07 2216754 2179360 70.24 Nifty Auto 15942.75 -0.01 98346
Pvr Inox Limited 1796.9 0.06 670779 860288 70.2 Nifty Metal 7039.15 0.46 98346
Britannia Ind Ltd. 4514.95 0.17 453349 271590 68.86 Nifty Financial Services 19754.75 -0.17 98346

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: M3 Money Supply on 6th September, 2023

INR: FX Reserves, USD on 8th September, 2023

USD: Services PMI (Aug) on 6th September, 2023

USD: ISM Non-Manufacturing PMI (Aug) on 6th September, 2023

News Updates

  • Benchmark indices ended higher for the third consecutive session on September 5 with Nifty above 19,550. At close, the Sensex was up 152.12 points or 0.23 percent at 65,780.26, and the Nifty was up 46.10 points or 0.24 percent at 19,574.90. About 2052 shares advanced, 1501 shares declined, and 140 shares unchanged.

  • Ratnaveer Precision Engineering IPO remained on investors’ radar as they put in bids for 21.19 crore equity shares, which were 17.98 times the issue size of 1.17 crore on September 5, the second day of bidding.

  • IDBI Bank has challenged the National Company Law Tribunal (NCLT) order that approved the mega merger between Zee Entertainment Enterprises Ltd and Culver Max Entertainment, which was earlier known as Sony Pictures Network India, a regulatory filing showed on September 5.

  • The Central Bureau of Investigation (CBI) has arrested K B Singh, executive director (projects) of Gas Authority of India Ltd (GAIL), along with four others in connection to an alleged Rs 50 lakh bribery case, CNBC TV-18 reported on September 5.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
7SEASL General 06-Sep-23 MAGANTR A.G.M. 06-Sep-23
AARTECH A.G.M.;General 06-Sep-23 MIC General 06-Sep-23
ADISHAKTI A.G.M.;Preferential Issue of shares;Increase in Authorised Capital 06-Sep-23 MUDUNURU A.G.M.;Right Issue of Equity Shares;General 06-Sep-23
BANASFN Increase in Authorised Capital;General 06-Sep-23 MUZALI A.G.M. 06-Sep-23
BGJL A.G.M. 06-Sep-23 NAM A.G.M. 06-Sep-23
CMBL General 06-Sep-23 PRESSURS A.G.M.;General 06-Sep-23
CONCORDBIO Quarterly Results 06-Sep-23 PRISMX A.G.M.;General 06-Sep-23
COSPOWER General 06-Sep-23 PRUDMOULI A.G.M. 06-Sep-23
DARSHANORNA A.G.M. 06-Sep-23 RAJOIL General 06-Sep-23
DELTA A.G.M. 06-Sep-23 RISHDIGA General 06-Sep-23
DWL A.G.M.;General 06-Sep-23 ROJL A.G.M. 06-Sep-23
EDVENSWA A.G.M. 06-Sep-23 RSCINT A.G.M. 06-Sep-23
ENCASH A.G.M. 06-Sep-23 SAMOR A.G.M.;General 06-Sep-23
ESSARSEC General 06-Sep-23 SMGOLD A.G.M. 06-Sep-23
GCMCAPI General 06-Sep-23 SML A.G.M. 06-Sep-23
GENNEX A.G.M. 06-Sep-23 STDSFAC A.G.M. 06-Sep-23
JANUSCORP A.G.M.;Preferential Issue of shares;General 06-Sep-23 SVRL Increase in Authorised Capital;Bonus issue;General 06-Sep-23
KAARYAFSL A.G.M.;General 06-Sep-23 TELECANOR A.G.M. 06-Sep-23
KAVVERITEL General 06-Sep-23 TILAK A.G.M.;General 06-Sep-23
KEMISTAR A.G.M.;Final Dividend;General 06-Sep-23 TREJHARA Preferential Issue of shares 06-Sep-23
KENVI A.G.M. 06-Sep-23 TVOLCON A.G.M.;General 06-Sep-23
KERNEX Preferential Issue of shares;Issue Of Warrants;General 06-Sep-23 UHZAVERI A.G.M. 06-Sep-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BBL 06-Sep-23 Dividend – Rs. – 40.0000 AAATECH 08-Sep-23 Final Dividend – Rs. – 0.5000
BHARATRAS 06-Sep-23 Final Dividend – Rs. – 1.5000 AGARIND 08-Sep-23 Dividend – Rs. – 2.5000
HALDYNGL 06-Sep-23 Final Dividend – Rs. – 0.7000 ATL 08-Sep-23 Final Dividend – Rs. – 0.5000
MODIS 06-Sep-23 Final Dividend – Rs. – 1.0000 BAJAJST 08-Sep-23 Final Dividend – Rs. – 3.0000
NATPLASTI 06-Sep-23 Final Dividend – Rs. – 1.0000 BRIGHTBR 08-Sep-23 Final Dividend – Rs. – 1.0000
ROUTE 06-Sep-23 Final Dividend – Rs. – 2.0000 CEINSYSTECH 08-Sep-23 Final Dividend – Rs. – 2.0000
SHILCTECH 06-Sep-23 Bonus issue 1:1 COCHINM 08-Sep-23 Dividend – Rs. – 8.0000
TBZ 06-Sep-23 Final Dividend – Rs. – 1.7500 FCL 08-Sep-23 Final Dividend – Rs. – 0.8000
YUKEN 06-Sep-23 Final Dividend – Rs. – 0.8000 GICRE 08-Sep-23 Final Dividend – Rs. – 7.2000
BANCOINDIA 07-Sep-23 Final Dividend – Rs. – 14.0000 GIPCL 08-Sep-23 Final Dividend – Rs. – 3.7500
BNALTD 07-Sep-23 Dividend – Rs. – 0.5000 GUJCRAFT 08-Sep-23 Final Dividend – Rs. – 1.0000
EXCELINDUS 07-Sep-23 Final Dividend – Rs. – 11.2500 HARLETH 08-Sep-23 Dividend – Rs. – 1.0000
GSFC 07-Sep-23 Dividend – Rs. – 10.0000 JAYBARMARU 08-Sep-23 Final Dividend – Rs. – 1.7500
JTLIND 07-Sep-23 Bonus issue 1:1 JAYSYN 08-Sep-23 Final Dividend – Rs. – 0.2500
KEMP 07-Sep-23 Final Dividend – Rs. – 12.0000 JBMA 08-Sep-23 Final Dividend – Rs. – 1.3000
KOPRAN 07-Sep-23 Dividend – Rs. – 3.0000 KANPRPLA 08-Sep-23 Final Dividend – Rs. – 0.5000
MAZDALTD 07-Sep-23 Final Dividend – Rs. – 14.0000 KPT 08-Sep-23 Final Dividend – Rs. – 1.5000
MITSU 07-Sep-23 Final Dividend – Rs. – 0.2000 LODHA 08-Sep-23 Dividend – Rs. – 1.0000
MULTIBASE 07-Sep-23 Final Dividend – Rs. – 2.0000 MAXHEALTH 08-Sep-23 Final Dividend – Rs. – 1.0000
REPCOHOME 07-Sep-23 Final Dividend – Rs. – 2.7000 MOIL 08-Sep-23 Final Dividend – Rs. – 0.6899
SHREYAS 07-Sep-23 Final Dividend – Rs. – 1.5000 NACLIND 08-Sep-23 Final Dividend – Rs. – 0.2500
TIRUFOAM 07-Sep-23 Final Dividend – Rs. – 1.0000 NAHARCAP 08-Sep-23 Dividend – Rs. – 1.5000

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