The NIFTY opened at 18117.30 with a big gap down of 138 points. The index initially moved higher sharply of more than 100 points and almost fill the gap within the first hour of trading. However, prices found resistance and started moving downside after recording its intraday high at 18216.95. Prices have seen a steep fall of more than 150 points and recorded its intraday low at 18055.45. The decline continued for till the end and the index finally closed at 18069 near its day’s lows with a loss of 186.80 points or 1.02% down. BANK and FINANCIAL led the bears today and closed with a loss of more than 2% followed by MEDIA and METAL. AUTO and FMCG outperformed today and closed with some gains. The short-term trend is still up but the bias is now changing to the downside. After an upside move, the index has been facing a strong resistance of around 18200 levels for the past fur trading days. We are expecting a process of consolidation here. Earlier, the index has spent the whole January month within the 17800-18200 range. Prices may again form a trading range within these two levels. The index closed with minor gains on the weekly timeframe but near the weekly lows. For the time being, we should step aside and avoid trading the index.


The BANK NIFTY opened at 43110.65 with a big gap down of 543 points. The index initially moved up, almost fill the gap and then found resistance there. Prices have recorded its intraday high at 43588 and saw a sharp intraday decline to record its intraday low at 42582.20. The down move continued for the whole day and the index finally closed at 42669.25 with a loss of 984 points, PVT BANK underperformed today, saw a sharp intraday rally, and closed with a loss2.82 of 1.23%. PSU BANK has also moved down today and closed with a loss of 0.92%. 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 still up but the bias is now changing to sideways. We have seen a breakout from 43500 resistance but the index could not see a follow through so we now have a failed breakout which is a sign of bearishness. The support is visible around 42500 and the index is filling the gap, and then found resistance very near to this level. We should wait one or two more days for a clear sense of direction. Till then we should step aside and avoid trading the index.


NAUKRI 3816.35 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 3826.65 with a stop loss of 3770.80 and a target of 3980.35.
EXIDE IND 187.00 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 186 with a stop loss of 189.35 and a target of 178.55.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
REC LTD 132 PE BUY 2.65 CMP 1.85 4.85 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CHOLAFIN.23.05 May 989.9 3.54 1.02 12156250 FEDERALBNK.23.05 May 126.85 -8.94 59.39 87670000
MRF.23.05 May 98857.95 3.37 15.68 59600 HDFCBANK.23.05 May 1616 -5.85 12.66 75649750
APOLLOTYRE.23.05 May 369.65 2.25 3.16 14178500 HDFC.23.05 May 2673.1 -5.71 13.04 9985500
ABB.23.05 May 3729.25 1.95 1.39 1674250 INDUSINDBK.23.05 May 1079.45 -5.09 9.35 23782500
SIEMENS.23.05 May 3643.55 1.32 4.03 1819125 DABUR.23.05 May 506.9 -5.07 14.04 16368750
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TVSMOTOR.23.05 May 1216.95 3.5 -1.24 7207900 MANAPPURAM2305May 105.1 -11.87 -6.81 43416000
AMBUJACEM.23.05 May 402.7 3.1 -4.34 61158600 BHEL.23.05 May 81.15 -6.29 -0.83 102921000
TITAN.23.05 May 2747.2 2.26 -0.05 4735875 CUB.23.05 May 136.55 -4.61 -2.67 16745000
HAVELLS.23.05 May 1291.4 2.25 -3.57 5558500 IBULHSGFIN.23.05 May 111.8 -4.32 -0.64 49276000
METROPOLIS.23.05 May 1288.55 2.18 -2.31 1338800 NATIONALUM.23.05 May 80.2 -3.66 -1.81 46395000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Godrej Cons Products Ltd 936.65 0.56 659303 877142 69.92 Nifty50 18069 -1.02 33181687
Ultratech Cement Limited 7628.8 1.69 319654 162292 69.89 Niftybank 42661.2 -2.34 13979403
Crompton Greaves Consume 255.85 -0.41 3546449 2492080 69.57 Nifty it 27719.95 -0.59 745047
Muthootfin 1057.6 0.98 985962 1927942 68.79 India Vix 12.3 4.86 493817203
Glenmark Pharma Ltd 551 0.74 506222 619618 68.75 Nifty Fmcg 48186.15 0.27 458496
Bata India Ltd. 1478.1 -1.79 252996 152016 67.96 Nifty Pharma 12608.35 -0.37 47562426
Voltas Ltd. 798.45 -0.43 1238885 1213092 67.91 Nifty Realty 445.05 -0.3 1345955566
Cummins India Limited 1595.9 -0.69 434617 507197 67.83 Nifty Auto 13345.8 0.4 44982637
Hindustan Unilever Ltd 2500.75 -0.24 1354871 762530 66.29 Nifty Metal 5807.05 -1.49 102683783
Bharat Forge Ltd 760.25 -1.91 3963420 840136 64.29 Nifty Financial Services 19023.85 -2.34 8068683


   Domestic                                                                                                                                                  International
INR: Thomson Reuters IPSOS PCSI (MoM) (May) on 12th May, 2023

INR: CPI (YoY) (Apr) on 12th May, 2023

 USD: CPI (YoY) (Apr) on 10th May, 2023

USD: Core CPI (MoM) (Apr) on 10th May, 2023


  • Market records biggest single-day fall in two months dragged by sell-off inHDFC twins. The Sensex was down 694.96 points or 1.13 percent at 61,054.29, and the Nifty was down 186.80 points or 1.02 percent at 18,069 points. About 1,499 shares advanced, 2,015 declined, and 127 were unchanged.

  • Aditya Birla Fashion & Retail Ltd (ABFRL) on Friday announced it will acquire a majority stake in women’s branded apparel company TCNS Clothing, in a deal worth Rs 1,650 crore. The Aditya Birla group firm has entered into definitive agreements to acquire a 51 per cent stake in TCNS Clothing, which owns ethnic brands such as W, Aurelia, Wishful, Folksong and Elleven, said a joint statement.

  • Paytm’s revenue rose 52 percent to Rs 2,335 crore in the March quarter (Q4) while loss narrowed to Rs 168 crore from Rs 763 crore in the year-ago period. The company’s payments services revenue grew by 41 percent YoY to Rs 1,467 crore in Q4FY23.

  • JSW Energy arm signs PPA for 300 MW wind power project in Maharashtra. The wind power project is part of SECI Tranche-XII and is expected to be commissioned within the next 24 months. JSW Energy is aiming to reach 20 GW capacity by 2030 and a near-term target of 10 GW by 2025.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AARTIIND Audited Results;Final Dividend;Quarterly Results 08-May-23 HFCL Audited Results;Final Dividend 08-May-23
ACGL Audited Results;Final Dividend;Quarterly Results 08-May-23 HINDMOTORS Audited Results;General 08-May-23
ADIEXRE Audited Results;General 08-May-23 INDIANB Audited Results;Final Dividend 08-May-23
ALANKIT Audited Results;Quarterly Results 08-May-23 INDINFR Audited Results 08-May-23
ALLSEC Audited Results 08-May-23 IRBINVIT Audited Results;General 08-May-23
ANDHRAPAP Audited Results 08-May-23 ISHWATR Audited Results 08-May-23
APARINDS Audited Results;Final Dividend 08-May-23 JAMSHRI Audited Results 08-May-23
APOLLOPIPES Audited Results;Final Dividend 08-May-23 JAYANT Right Issue of Equity Shares;Increase in Authorised Capital 08-May-23
ASALCBR Audited Results;Final Dividend 08-May-23 KALPATPOWR Audited Results;Final Dividend;General 08-May-23
ASHNI Preferential Issue of shares 08-May-23 KANSAINER Audited Results;Bonus issue;Final Dividend 08-May-23
AVADHSUGAR Audited Results;Dividend 08-May-23 KBCGLOBAL General;Quarterly Results 08-May-23
BALKRISHNA Audited Results;Quarterly Results 08-May-23 KONNDOR General 08-May-23
BIOGEN Audited Results;General 08-May-23 LAFFANSQ Audited Results 08-May-23
BSL Audited Results 08-May-23 MGL Audited Results;Final Dividend 08-May-23
BSOFT Audited Results;Final Dividend;Quarterly Results 08-May-23 NBFOOT Quarterly Results 08-May-23
CANBK Audited Results;Dividend 08-May-23 NITTAGELA Audited Results 08-May-23
CANOPYFIN A.G.M.;Audited Results;General 08-May-23 NLCINDIA General 08-May-23
CARBORUNIV Audited Results;Final Dividend 08-May-23 ODYSSEY A.G.M.;Audited Results 08-May-23
CGPOWER Audited Results 08-May-23 OMAXAUTO Audited Results 08-May-23
CIL Audited Results 08-May-23 PIDILITIND Audited Results 08-May-23
CRAFTSMAN Audited Results;Final Dividend;General 08-May-23 RRIL Audited Results;Quarterly Results 08-May-23
DANUBE Audited Results;General;Quarterly Results 08-May-23 SEATV Audited Results 08-May-23
DCI Quarterly Results 08-May-23 SEPOWER Audited Results 08-May-23
DHARNI General 08-May-23 SHRMFGC Audited Results 08-May-23
DIAMINESQ Audited Results;Final Dividend 08-May-23 STERTOOLS Audited Results;Final Dividend 08-May-23
EASEMYTRIP General 08-May-23 TECHIN Audited Results 08-May-23
ESCORTSFIN Audited Results 08-May-23 THINKINK Audited Results;Dividend 08-May-23
EXIDEIND Audited Results;Final Dividend 08-May-23 UGARSUGAR Audited Results;Final Dividend;Quarterly Results 08-May-23
GENPHARMA Increase in Authorised Capital 08-May-23 UPL Audited Results;Final Dividend 08-May-23
GOPAIST Audited Results 08-May-23 VERTEX Audited Results 08-May-23
GUJTLRM Quarterly Results 08-May-23 VIPIND Audited Results 08-May-23
HAPPSTMNDS Audited Results;Final Dividend 08-May-23 WARDINMOBI Audited Results;Final Dividend;General 08-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
OFSS 09-May-23 Interim Dividend – Rs. – 225.0000 LEX 18-May-23 E.G.M.
RKFORGE 09-May-23 Interim Dividend – Rs. – 0.5000 TATACONSUM 19-May-23 Final Dividend – Rs. – 8.4500
COFORGE 10-May-23 Interim Dividend – Rs. – 19.0000 ROSSARI 24-May-23 Final Dividend – Rs. – 0.5000
ENBETRD 10-May-23 Right Issue of Equity Shares TRENT 25-May-23 Dividend – Rs. – 2.2000
LAURUSLABS 10-May-23 Interim Dividend – Rs. – 1.2000 RALLIS 30-May-23 Final Dividend – Rs. – 2.5000
MINDSPACE 10-May-23 Income Distribution RITES INFY 02-Jun-23 Final Dividend – Rs. – 17.5000
WELSPUNIND 10-May-23 Buy Back of Shares MAHABANK 02-Jun-23 Final Dividend – Rs. – 1.3000
CLARA 11-May-23 Right Issue of Equity Shares MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
INDIAMART 11-May-23 Final Dividend – Rs. – 20.0000 PAGEIND 02-Jun-23 Interim Dividend
KKCL 11-May-23 Interim Dividend – Rs. – 2.0000 HARDWYN 05-Jun-23 Bonus issue 1:3
SIRCA 11-May-23 Bonus issue 1:1 HARDWYN 05-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
360ONE 12-May-23 Interim Dividend – Rs. – 4.0000 SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000
APTUS 12-May-23 Interim Dividend – Rs. – 2.0000 TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000
IRBINVIT 12-May-23 Income Distribution (InvIT) PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
RISHYRN 12-May-23 E.G.M. RCL 08-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
STEELXIND 12-May-23 E.G.M. SOLARINDS 09-Jun-23 Final Dividend – Rs. – 8.0000
ANURAS 15-May-23 Interim Dividend – Rs. – 1.5000 VOLTAS 09-Jun-23 Final Dividend – Rs. – 4.2500
DRAGARWQ 15-May-23 Interim Dividend HIGHENE 16-Jun-23 Final Dividend – Rs. – 3.5000
SULA 15-May-23 Final Dividend – Rs. – 5.2500 SHRIRAMFIN 16-Jun-23 Final Dividend – Rs. – 20.0000
TATACOFFEE 15-May-23 Dividend – Rs. – 3.0000 HINDUNILVR 19-Jun-23 Final Dividend – Rs. – 22.0000
VISAKAIND 15-May-23 Stock  Split From Rs.10/- to Rs.2/- NEWGEN 20-Jun-23 Final Dividend – Rs. – 5.0000
GMBREW 16-May-23 Final Dividend – Rs. – 6.0000 INDIAMART 21-Jun-23 Bonus issue 1:1
HDFC 16-May-23 Interim Dividend – Rs. – 44.0000 SUPREMEIND 21-Jun-23 Final Dividend – Rs. – 20.0000
HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000 EMUDHRA 22-Jun-23 Final Dividend – Rs. – 1.2500
INDINFR 16-May-23 Income Distribution (InvIT) TATASTEEL 22-Jun-23 Final Dividend – Rs. – 3.6000
SUNDRMFAST 16-May-23 Interim Dividend – Rs. – 3.0600 VTMLTD 22-Jun-23 Final Dividend – Rs. – 0.7000
FOSECOIND 17-May-23 Final Dividend – Rs. – 25.0000 DBOL 23-Jun-23 Dividend – Rs. – 3.5000
INDIGRID 18-May-23 Income Distribution (InvIT) NATHBIOGEN 23-Jun-23 Final Dividend – Rs. – 2.0000

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