NIFTY opened at 19976.55 with a gap up of 87 points. The index initially moved higher and then started a consolidation process which eventually broke on the upside. Prices resumed its up and rallied further to cross above the 20000 mark. The index picked up the pace in the last two hours of trading and rallied further to cross above 20100 levels.0The rally continued till the end. In this process, the index recorded its intraday low at 19956.30, its intraday high at 20104.65, and finally closed at 20096.60 with a gain of 206.90 points or 1.04% up. All the sectoral indices have rallied and closed higher except for REALTY and MEDIA which ended with a loss. BANK, AUTO, FINANCIAL, and IT led the bulls and ended with a gain of over 1%. The short-term trend is up and there is no doubt about it as prices are making a bullish pattern of higher highs and higher lows. Support is now visible around 19850 while resistance is visible around 20200.


The BANK NIFTY opened at 44081.75 with a gap up of 138 points. The index initially moved sideways and then broke on the upside after recording Its intraday low at 44003.45. Prices have seen a sharp upside move that lasted almost till the end and crossed above 44400 resistance. The index recorded its intraday high at 44630.35 and finally closed at 44582.80 with a gain of 639 points. PVT and PSU BANK, both indices, have performed almost the same, saw a sharp upside rally, and closed with a gain of 1.49% & 1.04% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while IDFC FIRST BANK contributed the lowest. The index broke out at 44400 resistance level and closed higher. Fresh support is now visible around 43800 while the resistance may emerge around 44800. We should look for buying only as far as prices are staying above 43800 support.


TATA CONSUMER 933.55 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 933.55 with a stop loss of 938.85 and a target of 947.55.
INTELLECT DESIGN 697.85 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 695.05 with a stop loss of 703.90 and a target of 677.00.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TATA CONSUMER (28 DEC)  950 CE BUY 17.05 CMP 15.00 25.00 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MANAPPURAM.23.11 Nov 162.45 7.02 -51.96 7704000 ZEEL.23.11 Nov 250.05 -2.7 -83.02 15015000
BHEL.23.11 Nov 165.75 6.39 -13.62 34356000 ADANIENT.23.11 Nov 2399 -1.26 -43.48 3708000
AARTIIND.23.11 Nov 559.35 5.46 -56.24 2990000 BALKRISIND.23.11 Nov 2595.5 -1.2 -47.44 465600
MUTHOOTFIN.23.11 Nov 1414.4 5.14 -67.64 870100 ABFRL.23.11 Nov 226.95 -0.98 -64.19 3978000
LICHSGFIN.23.11 Nov 477.9 4.16 -52.08 6430000 MCX.23.11 Nov 3106.5 -0.92 -49.2 711600

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2525.05 0.58 1265214 1592725 84.69 Nifty50 20096.6 1.04 42111484
Petronet Lng Limited 199.2 1.45 10196509 5878601 79.91 Niftybank 44566.45 1.56 19007980
Godrej Cons Products Ltd 1001.1 -0.06 2194759 989898 79.22 Nifty it 32608.4 1.53 879778
Larsen & Toubro Limited 3083.75 1.11 1801107 945446 78.1 India Vix 12.71 4.35 649466691
Kotak Mahindra Bank Limi 1753.45 0.64 3473140 2544226 75.96 Nifty Fmcg 52725.45 0.45 429748
Sbi Cards And Payment Se 737.2 0.47 1603465 1792585 75.73 Nifty Pharma 15990.1 0.56 52861785
Itc Ltd. 437.2 0.45 13785216 6556300 74.97 Nifty Realty 703.45 -0.5 1193691317
Alkem 4567.25 0.29 147770 300209 74.68 Nifty Auto 17482.45 1.63 48462001
Power Grid Corporation o 211.05 0.4 10062023 11667429 74.65 Nifty Metal 7016.4 0.21 120149780
Atul Ltd. 6636.75 1.7 40527 38156 73.58 Nifty Financial Services 20000.35 1.51 4530686

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: GDP Quarterly (YoY) (Q2) on 30th November, 2023

INR: Federal Fiscal Deficit (Oct) on 30th October, 2023

USD: Core PCE Price Index (MoM) (Oct) on 30th November, 2023

USD: Initial Jobless Claims on 30th November, 2023

News Updates

  • Benchmark indices ended on a strong note on November 29 with Nifty above 20,000 for the first time after September 20, 2023. At close, the Sensex was up 727.71 points or 1.10 percent at 66,901.91, and the Nifty was up 206.90 points or 1.04 percent at 20,096.60. About 1828 shares advanced, 1706 shares declined, and 123 shares unchanged.

  • The Tata Motors Ltd share crossed the Rs 700-mark after 12 years to hit a new record high of Rs 702.80 on November 29, anticipating a strong listing for its arm, Tata Technologies, the next day. According to analysts, Tata Technologies, which would be the first listing from the Tata group since TCS in 2004, could see a strong listing gain of over 75 percent, considering the overwhelming subscription demand and investor-friendly pricing.

  • The GIFT Nifty scaled an all-time high single-day trading of 4,27,925 contracts with a turnover of $16.76 billion (around Rs 1,39,766 crore) on November 28, NSE IX said in a release. The index not only surpassed its prior record of single-day trading turnover of $15.25 billion on September 26, 2023, but also achieved the highest open interest of $13.51 billion, surpassing its previous OI record of $12.75 billion on November 27, 2023.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADTYFRG General;Quarterly Results 30-Nov-23 MANINDS General 01-Dec-23
CONFIPET General;Preferential Issue of shares 30-Nov-23 NOVIS Quarterly Results 01-Dec-23
GARGFUR General 30-Nov-23 QGO General 01-Dec-23
GENCON Quarterly Results 30-Nov-23 SHEETAL General;Preferential Issue of shares 01-Dec-23
JYOTISTRUC Rights Issue 30-Nov-23 GENNEX Increase in Authorised Capital;Preferential Issue of shares 02-Dec-23
KCDGROUP General 30-Nov-23 MKEXIM Increase in Authorised Capital;Bonus issue;General 02-Dec-23
KEIL General 30-Nov-23 TRIVENIENT Increase in Authorised Capital;General 02-Dec-23
KESORAMIND General 30-Nov-23 GANGAPHARM Issue Of Warrants;Preferential Issue of shares 04-Dec-23
MEGASTAR General;Preferential Issue of shares 30-Nov-23 HINDBIO General 04-Dec-23
PENINLAND Preferential Issue of shares 30-Nov-23 LASTMILE Issue Of Warrants;Preferential Issue of shares 04-Dec-23
PROTEAN Quarterly Results 30-Nov-23 SSLFINANCE Increase in Authorised Capital;General 04-Dec-23
RECLTD General 30-Nov-23 STML Issue Of Warrants;General 04-Dec-23
SATIN General 30-Nov-23 SVPGLOB A.G.M. 04-Dec-23
SIS Buy Back of Shares 30-Nov-23 JTAPARIA General 05-Dec-23
SUNRETAIL General;Right Issue of Equity Shares 30-Nov-23 MODULEX Quarterly Results 05-Dec-23
TITAANIUM Half Yearly Results 30-Nov-23 SBC Bonus issue;General 05-Dec-23
VASCONEQ General 30-Nov-23 SBLI General;Half Yearly Results 05-Dec-23
XOINFO General 30-Nov-23 MPL General 06-Dec-23
ASITCFIN General;Right Issue of Equity Shares 01-Dec-23 DOLPHINOFF Stock  Split 07-Dec-23
ASKAUTOLTD Quarterly Results 01-Dec-23 KEYFINSER Reduction of Capital 08-Dec-23
EFCIL General;Preferential Issue of shares 01-Dec-23 WARDINMOBI General 08-Dec-23
IRIS Employees Stock Option Plan;Increase in Authorised Capital 01-Dec-23 EMMESSA Quarterly Results 09-Dec-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GUJINV 30-Nov-23 E.G.M. POOJAENT 08-Dec-23 Bonus issue 6:1
THEBYKE 30-Nov-23 E.G.M. STEELXIND 11-Dec-23 E.G.M.
ALPHAIND 01-Dec-23 Bonus issue 1:1 RHL 12-Dec-23 E.G.M.
NITINCAST 01-Dec-23 E.G.M. RCF 13-Dec-23 Final Dividend – Rs. – 3.7000
JYOTISTRUC 04-Dec-23 E.G.M. FORINTL 14-Dec-23 E.G.M.
PANCHSHEEL 04-Dec-23 Interim Dividend – Rs. – 0.8000 FRANKLININD 21-Dec-23 E.G.M.
SCL 06-Dec-23 E.G.M. KLRFM 22-Dec-23 Dividend – Rs. – 2.0000
DHYAANI 07-Dec-23 Bonus issue 9:5 RAWEDGE 22-Dec-23 E.G.M.

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