The NIFTY opened at 18074.30 with a gap up of just 21 points. The index initially consolidated and then breaks on the upside after recording its intraday low at 18932.45. Price rallied sharply and went above 18100. The index started facing resistance there and formed a trading range that lasted until the end. The Nifty recorded its intraday high at 18183.75 and finally closed at 18165.35 near its day’s high with a gain of 112.05 points or 0.62% up. OIL GAS, REALITY AND FMCG sectors have outperformed today and ended with a gain of over 1% followed by IT and AUTO. Media underperformed today and ended with a loss of nearly one per cent. The short-term trend is up now as the index has broken out from a narrow trading range inside 17800-18100. Prices are now heading towards the next resistance around 18250. We should look for buying only s far as prices are trading above the 18000 level.


The BANK NIFTY opened at 42271.80 without much of a gap. The index initially went down but soon found support and bounced up after recording a low at 42119.65. prices rallied higher and crossed above 42500 and then started facing resistance there. The index recorded its intraday high at 42555.90 and finally closed at 42473.75 with a gain of 192 points. PSU BANK has again underperformed today, saw a sharp downside move and closed with a loss of 1.25%. PVT BANK has outperformed today and closed with a gain of 0.54%. PVT BANK has outperformed today and closed with a gain of 0.54%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while BANK OF BARODA contributed the lowest. It was a gain a volatile day today where prices have seen sharp intraday swings, however, the bias was bullish today as prices closed near its day’s highs. Prices have seen a sharp rally in the first half and spent the second half moving sideways. We have been tracking a narrow trading range with support around 41700 and resistance around 42700. Today price have railed and now trading near the resistance level. It has been 9 days since prices are moving inside these boundaries. We may see a breakout soon


WIPRO 403.20 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought above 403.90 with a stop loss of 402.15 and a target of 407.45.
TATA MTR 408.40 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold at 407.40 with a stop loss of 409.55 and a target of 403.05.


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
SIEMENS.23.01 Jan 3075.2 4.19 0.19 1906025 BANKBARODA.23.01 Jan 178.7 -1.97 1.32 87422400
HINDALCO.23.01 Jan 501.2 2.98 10.45 25715200 TATAMOTORS.23.01 Jan 407.5 -1.95 6.04 73143825
TATASTEEL.23.01 Jan 122.85 2.85 5.57 170775000 DIXON.23.01 Jan 3531.35 -1.25 8.61 600625
HAVELLS.23.01 Jan 1200.9 2.1 1.86 4308500 INDIAMART.23.01 Jan 4431.9 -1.08 14.94 322050
VEDL.23.01 Jan 325.3 2.07 2.76 33526000 DALBHARAT.23.01 Jan 1890 -0.97 2.04 1276500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SAIL.23.01 Jan 91 4.06 -0.87 113000000 ICICIGI.23.01 Jan 1203.6 -4.04 -3.84 2969050
MFSL.23.01 Jan 828.1 2.85 -3.1 4956900 DELTACORP.23.01 Jan 203.45 -3.87 -9.34 17312400
JINDALSTEL.23.01 Jan 602.75 2.48 -1.07 18253750 PNB.23.01 Jan 56.85 -1.64 -11.72 182400000
TRENT.23.01 Jan 1225.65 2.46 -1.27 4887600 INDHOTEL.23.01 Jan 304.95 -1.64 -2.44 24972000
ZYDUSLIFE.23.01 Jan 443.3 2.44 -8 8575200 ADANIENT.23.01 Jan 3592.8 -1.32 -5.59 11122500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Balkrishna Ind. Ltd 2236.1 -0.21 290433 188031 79.28 Nifty50 18165.35 0.62 25288606
Kotak Mahindra Bank Limi 1799.1 0.08 2835232 1931238 75.83 Niftybank 42458 0.53 10814353
Page Industries Limited 40624.1 0.88 25444 18925 74.44 Nifty it 29617.8 0.41 1126783
Abbott India Limited 21962.25 1.3 7590 3434 74.41 India Vix 14.37 -1.51 316032475
Crompton Greaves Consume 325.5 0.45 1916451 1386317 73.53 Nifty Fmcg 44711.45 0.39 341738
Syngene 612.3 1.38 343407 240780 72.86 Nifty Pharma 12734.5 0.68 36086188
Itc Ltd. 334.65 0.72 12555527 8810510 72.84 Nifty Realty 430.95 0.03 1064309789
Power Grid Corporation o 219.35 0.43 8378527 5723466 72.8 Nifty Auto 12817.6 -0.03 35784333
Infosys Limited 1545.4 0.38 5843098 4141047 71.79 Nifty Metal 6905.8 1.65 66641435
Sbi Life Insurance Compa 1310.65 0.94 1078873 521178 70.89 Nifty Financial Services 18753.5 0.8 4052066


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

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

 USD: Building Permits (Dec) on 19th  January, 2023

USD: Initial Jobless Claims on 19th  January, 2023


  • Benchmark indices gained for the second consecutive session on January 18 with Nifty closing around 18,150. At Close, the Sensex was up 390.02 points or 0.64% at 61,045.74, and the Nifty was up 112 points or 0.62% at 18,165.30. About 1882 shares have advanced, 1546 shares declined, and 126 shares are unchanged.

  • The Rs 20,000-crore follow-on public issue of Adani Enterprises Ltd will open on January 27 and close on January 31, while bidding by anchor investors will start on January 25.

  • GoMechanic founder Amit Bhasin has admitted to financial reporting errors at the Sequoia-backed car repair startup and stated that the cash-strapped company will lay off roughly 70% of its workforce while also having its accounts audited by a third party.

  • IndusInd Bank on January 18 reported 58 percent growth in its consolidated net profit for the quarter ending December 2022 to Rs 1,963.54 crore, beating street expectations by a mile.The average estimate of five brokerages polled had pegged the net profit for the private sector lender at Rs 1,836 crore for the reported quarter. The lender had reported a net profit of Rs 1,241.39 crore in the corresponding quarter a year back..

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ACGL Audited Results;Quarterly Results 19-Jan-23 ISEC Quarterly Results 19-Jan-23
ANANTRAJ Quarterly Results 19-Jan-23 KUANTUM Quarterly Results 19-Jan-23
ASIANPAINT Quarterly Results 19-Jan-23 LTTS Quarterly Results 19-Jan-23
AUBANK Quarterly Results 19-Jan-23 MARBU Quarterly Results 19-Jan-23
CANFINHOME General;Quarterly Results 19-Jan-23 MENONBE Quarterly Results 19-Jan-23
DATAMATICS General;Quarterly Results 19-Jan-23 MFL Interim Dividend;Quarterly Results 19-Jan-23
DYNAVSN General 19-Jan-23 MHLXMIRU Quarterly Results 19-Jan-23
GCCLINP Quarterly Results 19-Jan-23 MODWOOL Quarterly Results 19-Jan-23
GUJCRED Quarterly Results 19-Jan-23 MPHASIS Quarterly Results 19-Jan-23
HAPPSTMNDS General;Quarterly Results 19-Jan-23 NETLINK General;Quarterly Results 19-Jan-23
HATSUN Quarterly Results 19-Jan-23 POLYCAB Quarterly Results 19-Jan-23
HAVELLS Interim Dividend;Quarterly Results 19-Jan-23 PVR General;Quarterly Results 19-Jan-23
HINDUNILVR Quarterly Results 19-Jan-23 SPECFOOD Quarterly Results 19-Jan-23
HINDZINC Interim Dividend;Quarterly Results 19-Jan-23 SVAINDIA General;Quarterly Results 19-Jan-23
IIFLWAM Bonus issue;Interim Dividend;Quarterly Results;Stock  Split 19-Jan-23 SWSOLAR Quarterly Results 19-Jan-23
INDIAMART Quarterly Results 19-Jan-23 TANTIACONS Quarterly Results 19-Jan-23


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
HCLTECH 19-Jan-23 Interim Dividend – Rs. – 10.0000 BANARBEADS 30-Jan-23 Interim Dividend – Rs. – 2.0000
DDIL 20-Jan-23 Stock  Split From Rs.10/- to Rs.1/- BAZELINTER 30-Jan-23 E.G.M.
HAZOOR 20-Jan-23 Right Issue of Equity Shares 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. SIEMENS 30-Jan-23 Final Dividend – Rs. – 10.0000
ANGELONE 24-Jan-23 Interim Dividend – Rs. – 9.6000 MONIND 31-Jan-23 E.G.M.
CARGOSOL 24-Jan-23 E.G.M. RKFORGE 31-Jan-23 Dividend
GOTHIPL 24-Jan-23 Interim Dividend – Rs. – 2.0000 DCMSHRIRAM 01-Feb-23 Interim Dividend
PRECWIRE 24-Jan-23 E.G.M. MASTEK 01-Feb-23 Interim Dividend – Rs. – 7.0000
WIPRO 24-Jan-23 Interim Dividend – Rs. – 1.0000 SHAREINDIA 01-Feb-23 Interim Dividend
HAVELLS 25-Jan-23 Interim Dividend THANGAMAYL 01-Feb-23 Interim Dividend
NATIONALUM 25-Jan-23 Interim Dividend – Rs. – 1.0000 ZENITHEXPO 01-Feb-23 E.G.M.
PERSISTENT 25-Jan-23 Interim Dividend ACCELYA 02-Feb-23 Interim Dividend
ABIRAFN 27-Jan-23 Buy Back of Shares IIFLSEC 03-Feb-23 Interim Dividend
HINDZINC 27-Jan-23 Interim Dividend VAIBHAVGBL 03-Feb-23 Interim Dividend
METROBRAND 27-Jan-23 Interim Dividend – Rs. – 2.5000 ZENSARTECH 03-Feb-23 Interim Dividend
PBAINFRA 27-Jan-23 E.G.M. GILLETTE 09-Feb-23 Interim Dividend
PGINVIT 27-Jan-23 Income Distribution (InvIT) ENGINERSIN 13-Feb-23 Interim Dividend
SURYAROSNI 27-Jan-23 Interim Dividend PGHL 13-Feb-23 Interim Dividend
ASCENSIVE 30-Jan-23 E.G.M. TVTODAY 13-Feb-23 Interim Dividend

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