The NIFTY opened at 19369 with a gap down of 65 points. The index initially moved lower for the first five minutes of trading but soon found support and bounced up sharply Prices have recorded its intraday low at 19317.20 and slowly inched higher. The gap was filled and prices started a process of consolidation which eventually broke on the upside. A sharp rally came toward the end of trading session followed by a minor decline. The index finally closed at 19465 near the previous day’s closing price with a gain of just 30.45 points or 0.16% up. REALTY and MEDIA outperformed and closed with a gain of over 1% followed by AUTO, PHARMA, and IT. METAL underperformed and ended with a loss of nearly 15% followed by BANK and FINANCIAL. The short-term trend is sideways. We have been tracking support around 19300 and resistance around 19700. The NIFTY is holding the support level for the past two trading days. It is very likely that the index may hold this level. The support level is very strong as the index respected this on numerous occasions.


The BANK NIFTY opened at 43726.25 with a big gap down of 335 points. The index continued moving lower and saw a sharp decline for the first 5 minutes of trading. Prices then found support and started moving higher after recording its intraday low at 43600.35. A rally almost recovered all the losses and the index recorded its intraday high at 44002.80. Prices finally closed at 43914.90 with a loss of 147 points. PVT BANK has underperformed, saw a sharp downside move, and ended with a loss of 0.46%. PSU BANK has outperformed, saw a mild up move, and closed with a gain of 0.11%. Within the index, in terms of points, SBIN contributed the highest on the upside while HDFC BANK contributed the lowest. There is a strong support zone within the 43500-44000 range as prices have spent almost 2 months May & June 2023 around that zone. The index is holding this support for the past two days and it is likely to be held. The short-term trend is sideways. Resistance is visible around 45 100.


INFY 1418.50 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1420.05 with a stop loss of 1412.00 and a target of 1440.50.
TATA CHEM 990.70 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 990.00 with a stop loss of  1000.85 and a target of 971.70.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TCS   3480 CE BUY 37.20 CMP 34 51 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ESCORTS.23.08 Aug 2709.8 4.17 19.8 1339250 CROMPTON.23.08 Aug 282.2 -6.26 18.26 14225400
PEL.23.08 Aug 1053.55 3.86 4.1 10224000 HINDCOPPER.23.08 Aug 143.7 -6.14 39.5 29759500
LUPIN.23.08 Aug 1119 2.97 9.88 6040100 INDUSTOWER.23.08 Aug 161 -5.65 11.73 84564800
OFSS.23.08 Aug 4106.05 2.7 24.67 264800 COFORGE.23.08 Aug 5040 -3.74 15.06 1010700
ULTRACEMCO.23.08 Aug 8262 2.37 0.25 1552300 INDIGO.23.08 Aug 2470.45 -3.5 62.82 8500800
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IBULHSGFIN.23.08 Aug 164.8 4.7 -2.18 51362100 IDEA.23.08 Aug 7.85 -3.09 -0.79 759520000
PIIND.23.08 Aug 3832 1.71 -0.61 2332750 INDIACEM.23.08 Aug 247 -2.56 -0.62 22727300
MANAPPURAM.23.08 Aug 148.8 1.47 -0.51 62886000 ABB.23.08 Aug 4309.65 -1.18 -1.45 1684750
IPCALAB.23.08 Aug 887 1.3 -0.49 2245750 GMRINFRA.23.08 Aug 52.75 -0.66 -0.07 130117500
GNFC.23.08 Aug 544 1.27 -1.34 8491600 AARTIIND.23.08 Aug 463 -0.63 -0.16 10521000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Ultratech Cement Limited 8251.9 2.45 282782 468648 86.1 Nifty50 19465 0.16 100146
Torrent Pharma Ltd. 1986.3 0.73 206300 322881 74.8 Niftybank 43946.4 -0.33 100077
Power Grid Corporation o 248.05 1.45 6893604 5044687 73.2 Nifty it 31212.1 0.59 100077
Britannia Ind Ltd. 4498.5 -0.02 518358 405417 72.67 India Vix 12.13 1.04 103578
Bharti Airtel Limited 856.95 -1.16 3962408 1867815 70.06 Nifty Fmcg 51815.4 0.41 100077
Havells India Limited 1269.85 -0.46 433375 502158 66.99 Nifty Pharma 15398.8 0.61 100077
Larsen & Toubro Limited 2691.05 1.17 1703875 908820 66.61 Nifty Realty 533.45 1.1 100077
Oberoi Realty Limited 1080.2 0.97 556370 642161 65.43 Nifty Auto 15425 0.64 100074
Godrej Cons Products Ltd 1041.5 0.57 720033 756925 65.02 Nifty Metal 6484.1 -0.94 100074
Mah & Mah Ltd. 1570.6 1.54 2361632 1217515 64.92 Nifty Financial Services 19586.1 -0.34 100071

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 18th Aug, 2023

INR: GDP Quarterly (YoY) (Q1) on 31st Aug, 2023

USD: Building Permits (Jul) on 16th Aug, 2023

USD: Initial Jobless Claims on 17th Aug, 2023

News Updates

    • The equity benchmarks once again saved the best for last as they recovered the day’s losses to close higher on August 16, amid buying across the sectors barring metals and banks. At close, the Sensex was up 137.50 points, or 0.21 percent, at 65,539.42, and the Nifty was up 30.50 points, or 0.16 percent, at 19,465.

    • The Union Cabinet on August 16 approved a budget of Rs 32,500 crore for seven railway projects. These projects are estimated to add 2,339 km to the existing network of Indian Railways, Rail Minister Ashwini Vaishnaw said.

    • Coal India Limited’s (CIL) capital expenditure (capex) clocked an 8.5 percent year-on-year growth at Rs 4,700 crore in the first four months (April-July) of FY 24, the central public sector undertaking (CPSU) said on August 16.

    • Being optimistic and confident about Patanjali Foods’ FMCG business, chief executive officer Sanjeev Asthana said the company is pretty much on course to achieve revenue growth of Rs 7,000 crores for FY24 in the FMCG segment.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AHASOLAR A.G.M.;General 17-Aug-23 TRANSVOY General 18-Aug-23
BHATIA General 17-Aug-23 TREL Quarterly Results 18-Aug-23
GMDCLTD Dividend 17-Aug-23 YUG Bonus issue;A.G.M. 18-Aug-23
JISLDVREQS General 17-Aug-23 ASARFI A.G.M.;General 19-Aug-23
JISLJALEQS General 17-Aug-23 KGPETRO A.G.M.;General 19-Aug-23
LAXMIPATI A.G.M.;General 17-Aug-23 RASSIREF Quarterly Results 19-Aug-23
MIDEASTP A.G.M. 17-Aug-23 ATL Quarterly Results 21-Aug-23
REPRO Preferential Issue of shares 17-Aug-23 GETALONG General 21-Aug-23
SPANDANA General 17-Aug-23 INDOCITY A.G.M. 21-Aug-23
YATHARTH Quarterly Results 17-Aug-23 INSILCO Quarterly Results 21-Aug-23
ZEAL A.G.M.;General 17-Aug-23 JAINCO General 21-Aug-23
BETALA A.G.M. 18-Aug-23 JJFINCOR General 21-Aug-23
ISLCONSUL A.G.M.;General 18-Aug-23 MOHITE Quarterly Results 21-Aug-23
JUBLINGREA General 18-Aug-23 NILACHAL A.G.M. 21-Aug-23
KEIL General 18-Aug-23 OBCL A.G.M.;General 21-Aug-23
KENVI General 18-Aug-23 RANJITSE Quarterly Results 21-Aug-23
MACINTR Increase in Authorised Capital;A.G.M.;Preferential Issue of shares 18-Aug-23 PRERINFRA General 22-Aug-23
PIONEEREMB Issue Of Warrants 18-Aug-23 WSIND General 22-Aug-23
RAWEDGE Employees Stock Option Plan;Increase in Authorised Capital;A.G.M.;General 18-Aug-23 PGHL Final Dividend;Audited Results 23-Aug-23
REGENCY Preferential Issue of shares 18-Aug-23 VALECHAENG Quarterly Results 23-Aug-23
SCARNOSE A.G.M.;General 18-Aug-23 LNIND Scheme of Arrangement;General 24-Aug-23
SUDARSHAN General 18-Aug-23 PGHH Final Dividend;Audited Results 28-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ACE 17-Aug-23 Final Dividend – Rs. – 1.0000 CONTROLPR 18-Aug-23 Buy Back of Shares
BEL 17-Aug-23 Final Dividend – Rs. – 0.6000 CREST 18-Aug-23 Dividend – Rs. – 1.0000
BENARAS 17-Aug-23 Final Dividend – Rs. – 20.0000 DLINKINDIA 18-Aug-23 Special Dividend – Rs. – 5.0000
HERANBA 17-Aug-23 Final Dividend – Rs. – 1.2500 DLINKINDIA 18-Aug-23 Final Dividend – Rs. – 5.0000
IGPL 17-Aug-23 Final Dividend – Rs. – 10.0000 EFCIL 18-Aug-23 Stock  Split From Rs.10/- to Rs.2/-
INDPRUD 17-Aug-23 Final Dividend – Rs. – 60.0000 ELIXIR 18-Aug-23 Final Dividend – Rs. – 1.2500
IPL 17-Aug-23 Final Dividend – Rs. – 0.7500 GPIL 18-Aug-23 Final Dividend – Rs. – 4.0000
IVC 17-Aug-23 Final Dividend – Rs. – 0.8000 GREENPLY 18-Aug-23 Dividend – Rs. – 0.5000
J&KBANK 17-Aug-23 Final Dividend – Rs. – 0.5000 GREENPOWER 18-Aug-23 Right Issue of Equity Shares
JBCHEPHARM 17-Aug-23 Final Dividend – Rs. – 9.2500 IFGLEXPOR 18-Aug-23 Final Dividend – Rs. – 7.0000
MANYAVAR 17-Aug-23 Final Dividend – Rs. – 9.0000 IRCTC 18-Aug-23 Final Dividend – Rs. – 2.0000
NEAGI 17-Aug-23 Dividend – Rs. – 30.0000 JINDALSTEL 18-Aug-23 Final Dividend – Rs. – 2.0000
RELAXO 17-Aug-23 Final Dividend – Rs. – 2.5000 JKPAPER 18-Aug-23 Final Dividend – Rs. – 4.0000
SHILCTECH 17-Aug-23 Final Dividend – Rs. – 10.0000 KSE 18-Aug-23 Final Dividend – Rs. – 20.0000
SOUTHBANK 17-Aug-23 Final Dividend – Rs. – 0.3000 LANCORHOL 18-Aug-23 Bonus issue 1:2
VGUARD 17-Aug-23 Final Dividend – Rs. – 1.3000 LEHAR 18-Aug-23 Interim Dividend – Rs. – 0.2000
YSL 17-Aug-23 Final Dividend – Rs. – 325.0000 LICHSGFIN 18-Aug-23 Final Dividend – Rs. – 8.5000
AKCAPIT 18-Aug-23 Final Dividend – Rs. – 6.0000 MAGNAELQ 18-Aug-23 Dividend – Rs. – 3.0000
APOLLOHOSP 18-Aug-23 Final Dividend – Rs. – 9.0000 NGLFINE 18-Aug-23 Final Dividend – Rs. – 1.7500
AVTNPL 18-Aug-23 Final Dividend – Rs. – 0.6000 ONGC 18-Aug-23 Final Dividend – Rs. – 0.5000
COALINDIA 18-Aug-23 Final Dividend – Rs. – 4.0000 PAGEIND 18-Aug-23 Interim Dividend – Rs. – 75.0000
CONCOR 18-Aug-23 Interim Dividend – Rs. – 2.0000 PETRONET 18-Aug-23 Final Dividend – Rs. – 3.0000

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