The NIFTY opened at 18849.40 with a gap up of 330 points. The index saw a sharp decline from its opening tick but soon bounced up and saw an up move towards 18900However, prices faced resistance before reaching there and again moved down. This time the index fell sharply. These alternate bouts of buying and selling continued for the rest of the day. The index first recorded its intraday high at 18875.90 then its intraday low at 18794.85 and finally closed at 18856.85 near its opening tick with a gain of 40.15 points or 0.21% up. FINANCIAL, MEDIA OIL GAS, and IT led the bulls today and closed with gains followed by BANK. METAL, FMCG, and REALTY underperformed and closed with a loss. Support is visible around 18650 while resistance may emerge around the lifetime high. We can round it off to 18900.


The BANK NIFTY opened at 43894.40 with a gap up of 98 points. The index could not sustain at the higher levels and moved down but quickly turned around. Prices have continued these alternate bouts of buying and selling for the whole day. In this process, the index first recorded its intraday high at 43946.70 and then its intraday low at 43698.95 and finally closed at 43863.80 near the opening tick with a gain of just 67 points. PSU BANK outperformed today, saw a mild up move and closed higher by 0.44%. PVT BANK also moved up today and ended with a gain of just 0.07%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AXIS BANK contributed the lowest. It was a volatile day in the BANK index where prices have moved inside a very narrow range of just 248 points. The short-term trend is sideways.


GNFC 600.00 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 603.25 with a stop loss of 596.35 and a target of 623.60.
HINDALCO 420.95 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 419.50 with a stop loss of 422.45 and a target of 412.70.


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
PEL.23.06 Jun 960 14.1 10.79 9603550 IDFC.23.06 Jun 102.6 -3.07 11.44 196290000
SHRIRAMFIN.23.06 Jun 1732 10.88 69.05 9702000 AUBANK.23.06 Jun 749.35 -2.38 7.89 10614000
LUPIN.23.06 Jun 877 5.29 13.49 7350800 BANDHANBNK.23.06 Jun 242.05 -2.28 5.9 33879600
MFSL.23.06 Jun 743 5.13 0.78 5819450 MARICO.23.06 Jun 527.15 -2.05 2.27 10168800
MOTHERSON.23.06 Jun 86.3 4.99 2.31 67743000 JSWSTEEL.23.06 Jun 761.45 -1.94 1.19 30931200
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDEA.23.06 Jun 7.7 3.36 -2.65 480830000 HDFCAMC.23.06 Jun 2045.65 -2.29 -1.43 4416300
IBULHSGFIN.23.06 Jun 118.05 3.1 -1.51 47388000 POLYCAB.23.06 Jun 3455 -2.25 -2.39 1814400
IGL.23.06 Jun 481 3.01 -0.11 8640500 ASHOKLEY.23.06 Jun 164.35 -2.17 -6.01 57315000
MCX.23.06 Jun 1622 2.61 -1.05 1361200 CUMMINSIND.23.06 Jun 1862.8 -2.15 -1.72 2819400
PFC.23.06 Jun 209.6 2.52 -1.74 62979600 IEX.23.06 Jun 128.45 -1.98 -1.03 39667500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Maruti Suzuki India Ltd 9440.85 -0.54 356331 465931 76.04 Nifty50 18856.85 0.21 87387
Indian Hotels Co. Ltd. 396.8 0.58 5324374 3750062 74.21 Niftybank 43859.2 0.21 87390
Larsen & Toubro Limited 2394.45 0.52 1607299 1295751 73.15 Nifty it 29025.7 0.33 87390
Tata Consultancy Serv Lt 3258.2 0.94 1645987 1107358 72.45 India Vix 11.29 1.46 87390
Bharti Airtel Limited 839 0.94 3022724 1933521 71.84 Nifty Fmcg 51934.25 -0.44 87390
Colgate Palmolive (india 1652.4 0.49 534788 207505 71.75 Nifty Pharma 13247.7 0.07 87390
United Breweries Limited 1487.15 -0.54 242444 276333 70.36 Nifty Realty 514.15 -0.33 87390
Oil & Natural Gas Corp 160.2 1.88 8284206 4255750 70.23 Nifty Auto 14777.7 -0.05 87390
Ultratech Cement Limited 8241.55 -0.02 373929 239324 69.74 Nifty Metal 6187.75 -0.94 87390
Britannia Ind Ltd. 5069.55 0.26 272200 172605 68.67 Nifty Financial Services 19635.95 0.68 87390


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 23rd June, 2023

INR: Federal Fiscal Deficit (May) on 30th June, 2023

 USD: Initial Jobless Claims on 22nd June, 2023

USD: Existing Home Sales (May) on 22nd June, 2023


  • The Indian equity benchmarks ended at record closing levels in volatile session on June 21 supported by power, oil & gas and information technology stocks. At close, the Sensex was up 195.45 points or 0.31 percent at 63,523.15, and the Nifty was up 40.10 points or 0.21 percent at 18,856.80.

  • Nifty may hit 19,300 by July, Bank Nifty looks attractive: Pankaj Pandey of ICICI Direct, ICICI Direct’s Pankaj Pandey believes the pharma sector hasn’t performed well although the numbers have incrementally improved.

  • Tesla chief executive Elon Musk said on Tuesday that the electric carmaker is looking to invest in India “as soon as humanly possible.

  • The UNWTO supports Prime Minister Narendra Modi’s efforts to promote tourism in India, a country rich in culture with a “huge potential” to attract more investment in the sector, a top official of the global organisation said in Goa.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ASIL General 22-Jun-23 PGCRL Preferential Issue of shares 23-Jun-23
JYOTISTRUC General 22-Jun-23 REMLIFE Bonus issue;General;Stock  Split 23-Jun-23
KSERASERA General 22-Jun-23 RPPINFRA General 23-Jun-23
MAHESH Audited Results 22-Jun-23 SHILPAMED Right Issue of Equity Shares;General 23-Jun-23
MCCHRLS-B General 22-Jun-23 SREEL General 23-Jun-23
MPFSL General 22-Jun-23 UNISTRMU Quarterly Results;General 23-Jun-23
NAGARFERT Audited Results 22-Jun-23 WARDINMOBI General 23-Jun-23
PNBHOUSING General 22-Jun-23 XOINFO General 23-Jun-23
PRAXIS General 22-Jun-23 YESBANK General 23-Jun-23
RCCL Audited Results 22-Jun-23 EXHICON General 24-Jun-23
RCF Audited Results 22-Jun-23 KSOLVES General 24-Jun-23
SWANENERGY General 22-Jun-23 MTPL General 24-Jun-23
TFL General 22-Jun-23 PRISMX General 24-Jun-23
TRIVENIGQ General 22-Jun-23 PVVINFRA General 24-Jun-23
UNQTYMI A.G.M.;General 22-Jun-23 RECLTD Final Dividend 24-Jun-23
AVANTEL Stock  Split 23-Jun-23 SUPRAP General 24-Jun-23
BHANDERI Audited Results;Half Yearly Results 23-Jun-23 VGIL General 24-Jun-23
HIMATSEIDE General 23-Jun-23 AFFORDABLE General 26-Jun-23
LIKHAMI General 23-Jun-23 ESARIND General 26-Jun-23
NIRBHAYIND Increase in Authorised Capital;A.G.M.;Issue Of Warrants;General 23-Jun-23 MAHALXSE General 26-Jun-23
NITINCAST General 23-Jun-23 MARG Audited Results 26-Jun-23
PECOS Final Dividend 23-Jun-23 MAYURFL General 26-Jun-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AKI 22-Jun-23 Stock  Split From Rs.10/- to Rs.2/- TAPARIA 26-Jun-23 Final Dividend – Rs. – 77.5000
EMUDHRA 22-Jun-23 Final Dividend – Rs. – 1.2500 TATACOMM 26-Jun-23 Final Dividend – Rs. – 21.0000
RAINBOW 22-Jun-23 Final Dividend – Rs. – 3.0000 ANANTRAJ 27-Jun-23 Final Dividend – Rs. – 0.5000
SOLIMAC 22-Jun-23 Final Dividend – Rs. – 1.5000 BOMOXY-B1 27-Jun-23 Final Dividend – Rs. – 15.0000
TATAELXSI 22-Jun-23 Dividend – Rs. – 60.6000 SAGARSOFT 27-Jun-23 Dividend – Rs. – 2.0000
TATASTEEL 22-Jun-23 Final Dividend – Rs. – 3.6000 SPLPETRO 27-Jun-23 Final Dividend – Rs. – 7.0000
VTMLTD 22-Jun-23 Final Dividend – Rs. – 0.7000 THANGAMAYL 27-Jun-23 Final Dividend – Rs. – 6.0000
BALLARPUR 23-Jun-23 Resolution Plan -Suspension WELSPUNIND 27-Jun-23 Final Dividend – Rs. – 0.1000
BNRSEC 23-Jun-23 Dividend – Rs. – 1.5000 SKFINDIA 29-Jun-23 Final Dividend – Rs. – 40.0000
DALBHARAT 23-Jun-23 Final Dividend – Rs. – 5.0000 AEGISLOG 30-Jun-23 Final Dividend – Rs. – 1.2500
DBOL 23-Jun-23 Dividend – Rs. – 3.5000 ALUFLUOR 30-Jun-23 Final Dividend – Rs. – 2.0000
DIGIFIBRE 23-Jun-23 Income Distribution (InvIT) BAJAJ-AUTO 30-Jun-23 Final Dividend – Rs. – 140.0000
DUTRON 23-Jun-23 Dividend – Rs. – 1.4000 BAJAJFINSV 30-Jun-23 Final Dividend – Rs. – 0.8000
GHCL 23-Jun-23 Final Dividend – Rs. – 17.5000 BAJAJHLDNG 30-Jun-23 Final Dividend – Rs. – 13.0000
MIL 23-Jun-23 Final Dividend – Rs. – 0.1000 BAJFINANCE 30-Jun-23 Final Dividend – Rs. – 30.0000
PLASTIBLEN 23-Jun-23 Final Dividend – Rs. – 4.0000 BANKBARODA 30-Jun-23 Dividend – Rs. – 5.5000
PNB 23-Jun-23 Dividend – Rs. – 0.6500 CANFINHOME 30-Jun-23 Final Dividend – Rs. – 2.0000
RAYMOND 23-Jun-23 Final Dividend – Rs. – 3.0000 ESCORTS 30-Jun-23 Final Dividend – Rs. – 7.0000
SALORAINTL 23-Jun-23 E.G.M. GLAXO 30-Jun-23 Final Dividend – Rs. – 32.0000
SKPSEC 23-Jun-23 Dividend – Rs. – 1.0000 GRNLAMIND 30-Jun-23 Final Dividend – Rs. – 1.5000
SKYIND 23-Jun-23 Final Dividend – Rs. – 1.0000 HITECHCORP 30-Jun-23 Final Dividend – Rs. – 1.0000
TORNTPHARM 23-Jun-23 Final Dividend – Rs. – 8.0000 KUANTUM 30-Jun-23 Final Dividend – Rs. – 3.0000

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