The NIFTY opened at 19770.90 with a big gap up of 96 points. The index held onto its early morning gains and started moving sideways from its opening tick. Prices eventually broke higher, and saw a sharp rally in the afternoon but could not move much higher. The index faced resistance and turned down to form a sideways market. The index recorded its intraday high at 19829.10, its intraday low at 19754.05, and remained range-bound till the end. Prices have finally closed at 19783.40 with a gain of 89.40 points or 0.45% up.1MEDIA, METAL PHARMA, and REALTY sectors led the bulls and ended with a gain of over 1% followed by AUTO and FINANCIAL. FMCG and IT under performed and ended with marginal losses. Support is visible around 19500 while resistance is visible around 19850. The last few days were very narrow suggesting a sharp move is about to come. We should take a trade in the direction of a breakout.


The BANK NIFTY opened at 43790.95 with a big gap up of 224 points. The index initially moved sideways and then eventually broke on the downside. Prices have seen a sharp decline in the afternoon and filled the gap but recovered quickly. The index again moved sideways towards the end. Prices have first recorded its intraday high at 43790.95 then its intraday low at 43586.45 and finally closed at 43694.95 with a gain of 128 points.10PVT BANK has outperformed, saw a mild up move, and closed with a gain of 0.40%, PSU BANK has underperformed, saw a mild down move, and closed with a loss of just 0.35%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AU BANK contributed the lowest. The short-term trend is sideways. Support is visible around 43400 while resistance is visible around 44400.


INTELLECT DESIGN 699.60 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 702.60 with a stop loss of 695.35 and a target of 715.45.
BPCL 388.00 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 387.50 with a stop loss of 389.85 and a target of 382.90.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DR REDDY  5600 CE BUY 110.50 CMP 98.50 144.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
OBEROIRLTY.23.11 Nov 1406.95 3.9 4.59 7399000 INDIAMART.23.11 Nov 2602.2 -1.29 7.13 965100
IEX.23.11 Nov 142.45 3.08 9.18 49721250 BALKRISIND.23.11 Nov 2476.95 -1 2.15 2091300
AUROPHARMA.23.11 Nov 1029.4 2.9 4.69 18326000 SBICARD.23.11 Nov 736.65 -0.95 1.12 13406400
SBILIFE.23.11 Nov 1425.3 2.53 7.2 6866250 LTIM.23.11 Nov 5539.45 -0.66 2.6 1380450
HDFCLIFE.23.11 Nov 668.65 2.29 1.82 15741000 MOTHERSON.23.11 Nov 88.6 -0.62 1.55 72462600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MFSL.23.11 Nov 983.2 3.49 -0.6 6878400 COALINDIA.23.11 Nov 334.85 -3.75 -4.27 59766000
ASHOKLEY.23.11 Nov 178.35 3.42 -8.47 68095000 ONGC.23.11 Nov 191.8 -3.18 -4.77 54088650
ZEEL.23.11 Nov 252.35 3.13 -1.5 94950000 IDEA.23.11 Nov 13.85 -2.46 -16.89 1202000000
RBLBANK.23.11 Nov 236.6 2.98 -2.95 47455000 INDUSTOWER.23.11 Nov 187.9 -2.39 -4.47 63515400
ASTRAL.23.11 Nov 1949.6 2.68 -0.92 3128675 CHOLAFIN.23.11 Nov 1107.6 -2.04 -1.19 13180000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bajaj Auto Limited 5685.95 0.63 746193 532593 78.39 Nifty50 19783.4 0.45 34462095
Power Grid Corporation o 208.95 -0.17 9608081 8643222 77.47 Niftybank 43689.15 0.24 15593568
Max Financial Services l 979.25 3.16 2003231 567249 76.22 Nifty it 32325.7 -0.18 729320
Navin Fluorine Internati 3626.75 0.55 79702 144049 73.23 India Vix 12.23 0.66 556250675
Infosys Limited 1439 0.17 3793135 2593529 72.36 Nifty Fmcg 52466.2 -0.16 252279
Hindustan Unilever Ltd 2505.25 -0.05 1088806 668749 70.82 Nifty Pharma 15968.9 1.03 42772420
Icici Prudential Life In 555.75 1.08 2545683 1288487 68.69 Nifty Realty 698.8 1.13 976032130
Alkem 4488.3 2.23 246036 118125 68.21 Nifty Auto 16860.1 0.49 40468786
Cholamandalam Investment 1103.85 -2.02 3119172 1466798 67.65 Nifty Metal 6854.2 1.22 99517190
Dabur India Ltd. 540.85 -0.43 1379849 1284238 67.24 Nifty Financial Services 19612.1 0.48 4872527

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR  : FX Reserves, USD on 24th Nov, 2023

INR  : GDP Quarterly (YoY) (Q2) on 30th Nov, 2023

USD : FOMC Meeting Minutes on 22nd Nov, 2023

USD : Initial Jobless Claims on 22nd Nov, 2023

News Updates

  • On Tuesday, the Sensex was up 275.62 points or 0.42 percent at 65,930.77, and the Nifty was up 89.40 points or 0.45 percent at 19,783.40. Market opened higher with Nifty above 19,750 amid positive global cues and extended the gains as the day progress, helping Nifty to cross 19,800 and Sensex 66,000, intraday.

  • HSBC reduced its Sensex target to 76,130 by December 2024 citing falling household savings, weak rural spending and global worries even as it maintained “overweight” stance on Indian equities. While the new target implies a potential upside of 15.9%, it’s lower than 78,870 earlier, according to a note by HSBC. Indian equities “have had a good run” but the markets have “gone too far in terms of their pricing and expectations”, the brokerage said.

  • India’s Jindal Power Ltd, the only company whose expression of interest to take over Go First was accepted by creditors, has decided to not follow through with a bid, three people familiar with the plans said, pushing the insolvent airline closer to liquidation.

  • The initial public offering of Indian Renewable Energy Development Agency Ltd. was fully subscribed on first day as non-institutional investors led demand on Tuesday. The offer—first government IPO in 18 months—will continue till Thursday.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
GUJINJEC General 22-Nov-23 PNBHOUSING General 24-Nov-23
HONASA Quarterly Results 22-Nov-23 STANCAP Bonus issue;Stock  Split 24-Nov-23
IBRIGST Preferential Issue of shares 22-Nov-23 WARDINMOBI General 24-Nov-23
IIL Issue Of Warrants 22-Nov-23 AYOME General 25-Nov-23
REMSONSIND General 22-Nov-23 CELLO Quarterly Results 25-Nov-23
AXITA Bonus issue;General 23-Nov-23 GEE Audited Results 25-Nov-23
BANASFN General 23-Nov-23 AMBOAGRI Half Yearly Results 27-Nov-23
BRAHMINFRA Quarterly Results 23-Nov-23 ESSENTIA Increase in Authorised Capital;General;Bonus issue 27-Nov-23
CWD Issue Of Warrants;General 23-Nov-23 FRANKLININD General 27-Nov-23
FORINTL General 23-Nov-23 JAINCO General 27-Nov-23
HIMFIBP General 23-Nov-23 KINGSINFR General;Preferential Issue of shares 27-Nov-23
KLRFM Dividend 23-Nov-23 NEWGEN Bonus issue 27-Nov-23
TAHMARENT General;Preferential Issue of shares 23-Nov-23 NITINFIRE Audited Results 27-Nov-23
TOYAMSL Quarterly Results 23-Nov-23 BALGOPAL General 28-Nov-23
CMMHOSP General 24-Nov-23 PODDAR Quarterly Results 28-Nov-23
EASTWEST General 24-Nov-23 REGTRUS General 28-Nov-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CRISIL 22-Nov-23 Interim Dividend – Rs. – 11.0000 ECOBOAR 24-Nov-23 E.G.M.
HGIND 22-Nov-23 Amalgamation EMSLIMITED 24-Nov-23 Interim Dividend – Rs. – 1.0000
INGERRAND 22-Nov-23 Interim Dividend – Rs. – 50.0000 ESABINDIA 24-Nov-23 Interim Dividend – Rs. – 32.0000
IPCALAB 22-Nov-23 Interim Dividend – Rs. – 2.0000 GNFC 24-Nov-23 Buy Back of Shares
NATIONALUM 22-Nov-23 Interim Dividend – Rs. – 1.0000 GOLDIAM 24-Nov-23 Interim Dividend – Rs. – 1.2000
OIL 22-Nov-23 Interim Dividend – Rs. – 3.5000 GPTINFRA 24-Nov-23 Interim Dividend – Rs. – 1.0000
PGIL 22-Nov-23 Interim Dividend – Rs. – 12.5000 INDAG 24-Nov-23 Interim Dividend – Rs. – 0.9000
TDPOWERSYS 22-Nov-23 Interim Dividend – Rs. – 0.5000 ISCITRUST 24-Nov-23 Income Distribution (InvIT)
AMRUTANJAN 23-Nov-23 Interim Dividend – Rs. – 1.0000 LOKESHMACH 24-Nov-23 E.G.M.
PGHL 23-Nov-23 Final Dividend – Rs. – 50.0000 MANAPPURAM 24-Nov-23 Interim Dividend – Rs. – 0.8500
PREMCO 23-Nov-23 Interim Dividend – Rs. – 3.0000 MORGANITE 24-Nov-23 Interim Dividend – Rs. – 28.0000
SHAILY 23-Nov-23 Stock  Split From Rs.10/- to Rs.2/- NATCOPHARM 24-Nov-23 Interim Dividend – Rs. – 1.2500
AVANTEL 24-Nov-23 Bonus issue 2:1 NICCOPAR 24-Nov-23 Interim Dividend – Rs. – 0.3000
BMW 24-Nov-23 Interim Dividend – Rs. – 0.2200 PFC 24-Nov-23 Interim Dividend – Rs. – 4.5000
CAREERP 24-Nov-23 Interim Dividend – Rs. – 1.0000 RAVALSUGAR 24-Nov-23 Stock  Split From Rs.50/- to Rs.10/-
DDEVPLASTIK 24-Nov-23 Interim Dividend – Rs. – 0.5000 RIDDHICORP 24-Nov-23 Interim Dividend – Rs. – 0.4900

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