NIFTY:
The NIFTY opened at 18631.80 with a gap up of 30 points. The index continued moving higher from the opening tick and recorded its intraday low at the opening tick. Prices have rallied and reached 18700 comfortably but started finding resistance there for the whole afternoon. That range broke on the downside. but the index soon resumed its upside. The index saw a sharp surge in the last hour of trading breaching 18700 to record its intraday high at 18728.90 and finally closed at 18716.15 with a gain of 114.65 points or 0.62% up. All the sectoral indices have moved higher today and closed with gains except AUTO which ended with a loss of 0.11%. REALTY led the bulls today by gaining over 3% followed by FMCG, MEDIA, and PHARMA. The short-term trend is up. Support is visible around 18400-18450 while resistance is now visible around 18750 which is the recent swing high. We should look for buying only.
BANK NIFTY:
The BANK NIFTY opened at 43889.70 with a gap down of 67 points. The index started moving higher from the opening tick but soon found resistance around 44100. Prices have formed a range there which eventually broke on the downside. The index moved down and kept on sliding lower but saw a sharp recovery in the last 30 minutes. BANK Index recorded its intraday high at 44138.15, its intraday low at 43889.70, and finally closed at 44109.05 with a gain of 153 points. PSU and PVT BANK both indices have moved almost the same today, saw a mild up move, and closed with a gain of 0.21% & 0.45% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while KOTAK BANK contributed the lowest. We have been tracking a trading range inside 43700-44500. This narrow range remained intact so far and should resolve very soon one way or the other.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE |
| ICICI BANK | 943.55 | BUY | The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above with a stop loss of 795.00 and a target of 823.00. |
| CONCOR | 651.05 | SELL | The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 647.90 with a stop loss of 654.25 and a target of 635.45. |
DERIVATIVE PICKS
| Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| ICICI BANK | 950 CE | BUY | 12.40 | CMP | 10.95 | 19.45 | BREAKOUT |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| TATACOMM.23.06 Jun | 1578 | 7.84 | 39.77 | 4196500 | INDIGO.23.06 Jun | 2354.95 | -2.88 | 15.64 | 3731400 | |
| TRENT.23.06 Jun | 1695.45 | 5.51 | 5.89 | 3554400 | CONCOR.23.06 Jun | 657.35 | -1.33 | 9.7 | 6072000 | |
| OFSS.23.06 Jun | 3809.95 | 5.4 | 26.74 | 292000 | BHEL.23.06 Jun | 85.1 | -1.28 | 4.41 | 101493000 | |
| LAURUSLABS.23.06 Jun | 361.55 | 4.96 | 3.33 | 11447700 | ADANIENT.23.06 Jun | 2473.25 | -1.11 | 1.09 | 9967250 | |
| DIXON.23.06 Jun | 4335.1 | 4.62 | 22.38 | 1159875 | KOTAKBANK.23.06 Jun | 1863.15 | -0.98 | 4.03 | 30213600 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| ABFRL.23.06 Jun | 213.25 | 5.81 | -1.14 | 25924600 | INDIACEM.23.06 Jun | 229.05 | -1.04 | -1.24 | 18281600 | |
| IBULHSGFIN.23.06 Jun | 115.25 | 4.73 | -1.92 | 50368000 | DELTACORP.23.06 Jun | 248.85 | -0.76 | -3.05 | 18230800 | |
| ATUL.23.06 Jun | 6961 | 3.94 | -11.03 | 177900 | HAL.23.06 Jun | 3660 | -0.7 | -3.2 | 4068600 | |
| NAVINFLUOR.23.06 Jun | 4593 | 3.61 | -1.83 | 717300 | M&M.23.06 Jun | 1378.4 | -0.64 | -0.36 | 13661900 | |
| DEEPAKNTR.23.06 Jun | 2074 | 2.7 | -2.39 | 2217500 | BSOFT.23.06 Jun | 337.95 | -0.46 | -0.38 | 7944000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Tata Consumer Products l | 819.9 | 2.39 | 2697513 | 2805090 | 88.52 | Nifty50 | 18716.15 | 0.62 | 101028 | |
| Hdfc Ltd. | 2645.9 | 0.19 | 5516136 | 2733961 | 83.47 | Niftybank | 44079.85 | 0.31 | 100956 | |
| Navin Fluorine Internati | 4570.35 | 3.66 | 174163 | 398261 | 78.49 | Nifty it | 28899.3 | 0.4 | 100956 | |
| Coromandel International | 936.3 | 0.27 | 426509 | 670998 | 78.39 | India Vix | 11.11 | -1.16 | 103569 | |
| Dalmia Bharat Limited | 2157.3 | 2.62 | 389129 | 273862 | 73.41 | Nifty Fmcg | 51462.7 | 1.38 | 100956 | |
| Crompton Greaves Consume | 286.9 | 3.44 | 4044521 | 1873206 | 72.96 | Nifty Pharma | 12993.75 | 1.07 | 100956 | |
| Petronet Lng Limited | 223.25 | -0.38 | 1657978 | 1497028 | 72.44 | Nifty Realty | 520.7 | 3.01 | 100956 | |
| Bata India Ltd. | 1599.4 | 1.65 | 263679 | 125415 | 72.36 | Nifty Auto | 14658.3 | -0.11 | 100956 | |
| Alkem | 3389.45 | 1.25 | 231707 | 112882 | 71.95 | Nifty Metal | 6127.65 | 0.85 | 100956 | |
| Dabur India Ltd. | 560.45 | 1.24 | 2644392 | 711264 | 70.63 | Nifty Financial Services | 19469 | 0.36 | 100956 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: WPI Inflation (YoY) (May) on 14th June, 2023
INR: Trade Balance on 15th June, 2023 |
USD: PPI (MoM) (May) on 14th June, 2023
USD: Crude Oil Inventories on 14th June, 2023 |
NEWS UPDATES
-
Benchmark indices ended higher for the second consecutive session on June 13 with Nifty above 18,700. At close, the Sensex was up 418.45 points or 0.67% at 63,143.16, and the Nifty was up 114.70 points or 0.62% at 18,716.20. About 2040 shares advanced, 1446 shares declined, and 126 shares unchanged.
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At least 19 people were reportedly injured on June 13 after an explosion occurred at a blast furnace of Tata Steel’s hot rolled coil factory at Meramundali in Odisha’s Dhenkanal district. Some critically injured are admitted to a hospital in Cuttack.
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Domestic airfares unlikely to rise from current levels as demand tapers, Civil Aviation Minister Jyotiraditya Scindia intervened as airfares touched the skies. Besides, the government has been helping airlines negotiate for temporary slots at airports that witness heavy traffic..
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Zee shares recover, but speculation continues over company’s merger with Sony, If the merger is called off, which is a low probability event, there could be a downside potential for the stock in the range of 15-20%, says Elara Securities. Zee Enterprises is likely to file an appeal with the Securities Appellate Tribunal, contesting the Sebi order.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
| Company Name | Purpose | Meeting Date | Company Name | Purpose | Meeting Date |
| BLUECLOUDS | General | 14-Jun-23 | FILATFASH | General;Preferential Issue of shares | 17-Jun-23 |
| HRMNYCP | General | 14-Jun-23 | SURAJLTD | General | 17-Jun-23 |
| INDAGIV | Audited Results | 14-Jun-23 | CANFINHOME | General | 19-Jun-23 |
| INDRANIB | Audited Results | 14-Jun-23 | DLCL | Audited Results | 19-Jun-23 |
| INDRENEW | Right Issue of Equity Shares | 14-Jun-23 | GAL | Audited Results;General | 19-Jun-23 |
| LLOYDSTEEL | Rights Issue | 14-Jun-23 | KUMPFIN | A.G.M. | 19-Jun-23 |
| RAWEDGE | General | 14-Jun-23 | NINSYS | Bonus issue;Increase in Authorised Capital | 19-Jun-23 |
| VTMLTD | General | 14-Jun-23 | PARSVNATH | Audited Results;Dividend | 19-Jun-23 |
| AMS | General | 15-Jun-23 | REGENTRP | General | 19-Jun-23 |
| ARIHCAPM | General | 15-Jun-23 | ROSEMER | Issue Of Warrants;General;Preferential Issue of shares | 19-Jun-23 |
| DPL | Audited Results;Quarterly Results | 15-Jun-23 | SPAR | General | 19-Jun-23 |
| GEE | Audited Results | 15-Jun-23 | ZBINTXPP | General | 20-Jun-23 |
| INDSUCR | Audited Results | 15-Jun-23 | ZHINUDYP | General | 20-Jun-23 |
| MRP | Preferential Issue of shares | 15-Jun-23 | WARDWIZFBL | General;Preferential Issue of shares | 21-Jun-23 |
| NAGARFERT | Audited Results | 15-Jun-23 | TRIVENIGQ | General | 22-Jun-23 |
| RASSIREF | Audited Results | 15-Jun-23 | AVANTEL | Stock Split | 23-Jun-23 |
| SBLI | Audited Results | 15-Jun-23 | KSOLVES | General | 24-Jun-23 |
| SUPRAP | General | 15-Jun-23 | WANBURY | Audited Results | 26-Jun-23 |
| ALFATRAN | A.G.M.;Increase in Authorised Capital | 16-Jun-23 | HAL | Stock Split | 27-Jun-23 |
| MASTERTR | Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares | 16-Jun-23 | SAMKRG | General | 30-Jun-23 |
| MITSHI | A.G.M. | 16-Jun-23 | SEML | Bonus issue | 03-Jul-23 |
| POLYMAC | Audited Results | 16-Jun-23 | HATSUN | General | 05-Jul-23 |
| SICAPIT | General | 16-Jun-23 | COFORGE | Interim Dividend;Quarterly Results | 20-Jul-23 |
| UNISTRMU | General;Quarterly Results | 16-Jun-23 | ULTRACEMCO | Quarterly Results | 21-Jul-23 |
Corporate Action
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| CANBK | 14-Jun-23 | Dividend – Rs. – 12.0000 | WELCORP | 16-Jun-23 | Final Dividend – Rs. – 5.0000 |
| SHANKARA | 14-Jun-23 | Final Dividend – Rs. – 2.5000 | WIPRO | 16-Jun-23 | Buy Back of Shares |
| TATACHEM | 14-Jun-23 | Final Dividend – Rs. – 17.5000 | ACGL | 19-Jun-23 | Final Dividend – Rs. – 15.0000 |
| UDAICEMENT | 14-Jun-23 | Right Issue of Equity Shares | ASHCAP | 19-Jun-23 | Bonus issue 1:2 |
| DCBBANK | 15-Jun-23 | Final Dividend – Rs. – 1.2500 | CRAFTSMAN | 19-Jun-23 | Final Dividend – Rs. – 11.2500 |
| DJML | 15-Jun-23 | Final Dividend – Rs. – 0.1500 | FUTSOL | 19-Jun-23 | Final Dividend – Rs. – 1.0000 |
| TAHMARENT | 15-Jun-23 | Stock Split From Rs.10/- to Rs.1/- | HINDUNILVR | 19-Jun-23 | Final Dividend – Rs. – 22.0000 |
| TCS | 15-Jun-23 | Final Dividend – Rs. – 24.0000 | BANKINDIA | 20-Jun-23 | Dividend – Rs. – 2.0000 |
| VAKRANGEE | 15-Jun-23 | Spin Off | BLUESTARCO | 20-Jun-23 | Bonus issue 1:1 |
| VBL | 15-Jun-23 | Stock Split From Rs.10/- to Rs.5/- | CEATLTD | 20-Jun-23 | Final Dividend – Rs. – 12.0000 |
| VISAKAIND | 15-Jun-23 | Final Dividend – Rs. – 0.6000 | CERA | 20-Jun-23 | Dividend – Rs. – 50.0000 |
| ANGELONE | 16-Jun-23 | Final Dividend – Rs. – 4.0000 | DREDGECORP | 20-Jun-23 | E.G.M. |
| AVANTEL | 16-Jun-23 | Final Dividend – Rs. – 1.0000 | MFL | 20-Jun-23 | Final Dividend – Rs. – 2.5000 |
| CRESSAN | 16-Jun-23 | Right Issue of Equity Shares | MOL | 20-Jun-23 | Final Dividend – Rs. – 1.4000 |
| EIMCOELECO | 16-Jun-23 | Final Dividend – Rs. – 5.0000 | NEWGEN | 20-Jun-23 | Final Dividend – Rs. – 5.0000 |
| HDFCLIFE | 16-Jun-23 | Final Dividend – Rs. – 1.9000 | SAGCEM | 20-Jun-23 | Final Dividend – Rs. – 0.7000 |
| HIGHENE | 16-Jun-23 | Final Dividend – Rs. – 3.5000 | GULPOLY | 21-Jun-23 | Bonus issue 1:5 |
| PEL | 16-Jun-23 | Final Dividend – Rs. – 31.0000 | INDIAMART | 21-Jun-23 | Bonus issue 1:1 |
| PFC | 16-Jun-23 | Final Dividend – Rs. – 4.5000 | OBEROIRLTY | 21-Jun-23 | Final Dividend – Rs. – 4.0000 |
| SHRIRAMFIN | 16-Jun-23 | Final Dividend – Rs. – 20.0000 | PANCARBON | 21-Jun-23 | Dividend – Rs. – 12.0000 |
| SMCGLOBAL | 16-Jun-23 | Final Dividend – Rs. – 1.2000 | POLYCAB | 21-Jun-23 | Dividend – Rs. – 20.0000 |
| TORNTPOWER | 16-Jun-23 | Final Dividend – Rs. – 4.0000 | SHREDIGCEM | 21-Jun-23 | Final Dividend – Rs. – 2.5000 |
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