The NIFTY opened at 19417.10 with a gap up of just 24 points. The index initially moved higher but found resistance before reaching 19450 and started drifting downward. Prices recorded its intraday high at 19443.50 and saw a sharp downside move but then turned around quickly. Soon the index started a consolidation process that lasted till the end. The NIFTY recorded its intraday low at 19381.30 and moved very narrowly for almost the whole day. The index finally closed at 19396.45 with a gain of 2.85 points or 0.01% up. METAL, FMCG, MEDIA, and AUTO outperformed and gained over half a percent. PHARMA, IT, and FINANCIAL underperformed and ended with minor losses. BANK and OIL GAS moved sideways and closed without much of a change. The short-term trend is sideways since the index is moving very narrowly within 250 points of a trading range for the past six trading days inside the 19250-19450 zones. The range is very narrow and it should resolve very soon one way or the other.


The BANK NIFTY opened at 44125 with a gap up of 164 points. The index could not move higher and started a consolidation process. Prices have broken on the downside after recording its intraday high at 44151.30. The index saw a mild down move, recorded its intraday low at 43938.70, and finally closed at 43950.40 with a loss of just 11 points. PSU BANK has underperformed today, saw a sharp downside move, and ended with a loss of 0.49%. PVT BANK has outperformed today, saw a mild upside move, and closed with a gain of 0.18%. Within the index, in terms of points, AU BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is sideways and the index is hovering around its strong support zone of 43500-44000.


MPHASIS 2368.50 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 2373.60 with a stop loss of 2348.10 and a target of 2424.50.
CIPLA 1221.00 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1217.80 with a stop loss of 1224.85 and a target of 1200.20.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BHEL.23.08 Aug 110.9 9.69 8.93 106218000 COLPAL.23.08 Aug 1941.75 -2.93 7.55 2543450
GMRINFRA.23.08 Aug 58.15 4.87 5.6 128452500 GLENMARK.23.08 Aug 762 -2.01 3.19 6003000
M&MFIN.23.08 Aug 287.65 3.7 4.48 37688000 AUROPHARMA.23.08Aug 841.5 -1.76 2.71 14891800
BEL.23.08 Aug 133.9 3.56 3.04 76847400 DEEPAKNTR.23.08 Aug 1980 -1.64 5 2053200
MCDOWELL-N.23.08 Aug 1038.1 3.31 0.71 9471700 PIIND.23.08 Aug 3682.85 -1.62 1.15 2199750
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HINDCOPPER.23.08 Aug 145.4 5.75 -2.02 25948800 INDIACEM.23.08 Aug 240.6 -2.08 -0.91 20624800
TATACOMM.23.08 Aug 1787 4.49 -0.34 4943500 METROPOLIS.23.08 Aug 1329 -1.53 -2.96 2114000
L&TFH.23.08 Aug 123.85 2.78 -3.68 68652332 SUNTV.23.08 Aug 541.95 -1.28 -1.54 8436000
ADANIENT.23.08 Aug 2705.25 2.34 -2.04 11368500 ALKEM.23.08 Aug 3780 -1.27 -0.43 648600
GAIL.23.08 Aug 117 2.14 -1.08 118922550 COROMANDEL.23.08 Aug 1065.45 -0.88 -1.87 1689100

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Maruti Suzuki India Ltd 9491.9 0.56 435930 280794 74.81 Nifty50 19396.45 0.01 87987
Marico Limited 558.8 0.69 558087 1002178 74.06 Niftybank 43993.25 -0.02 87987
Oberoi Realty Limited 1092.9 1.36 378980 372029 73.7 Nifty it 30902.4 -0.11 87987
Torrent Pharma Ltd. 1976.6 0.04 294912 229996 73.55 India Vix 11.75 -1.78 87987
Godrej Cons Products Ltd 1037.45 1.08 530261 532770 70.84 Nifty Fmcg 52141.65 0.66 87990
Ultratech Cement Limited 8203.5 -0.19 193112 153359 70.74 Nifty Pharma 15302.6 -0.2 87990
Crompton Greaves Consume 298.05 2.12 1424534 2262476 70.66 Nifty Realty 536.6 0.21 87990
Infosys Limited 1403.75 -0.12 2890714 2106554 69.46 Nifty Auto 15507.9 0.52 87990
Tata Consultancy Serv Lt 3382.15 -0.57 1222012 948914 68.98 Nifty Metal 6634.4 0.85 87990
Dabur India Ltd. 574.75 1.23 1750504 785406 68.96 Nifty Financial Services 19551.75 -0.1 87990

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: M3 Money Supply on 23rd August, 2023

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

USD: Building Permits on 23rd August, 2023

USD: Services PMI (Aug) on 23rd August, 2023

News Updates

  • Indian benchmark indices ended on a flat note in the volatile session on August 22. At close, the Sensex was up 3.94 points or 0.01 percent at 65,220.03, and the Nifty was up 2.90 points or 0.01 percent at 19,396.50. About 2150 shares advanced, 1390 shares declined, and 124 shares unchanged.

  • Bharat Heavy Electricals Ltd (BHEL) jumped over 10 percent to Rs 111.25 on August 22 after the company secured order worth Rs 4,000 crore from a wholly-owned subsidiary of Adani Power Limited. The scrip hit a new 52 week high of Rs 112.85.

  • Linde India gained more than 9 percent on August 22 to hit an all-time high of Rs 5,765.75. Since its Covid-19 low of Rs 378 on March 24, 2020, the stock has surged 15 times.

  • Debt-ridden telecom operator Vodafone Idea plans to clear about Rs 2,400 crore of dues to the government by September, sources privy to the development said. The company recently cleared pending dues of licence fees and spectrum usage charges of about Rs 450 crore for the March quarter of 2022-23, a source told PTI.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ASHAI General 23-Aug-23 CONTCHM A.G.M.;General 24-Aug-23
CIGNITI Amalgamation;General 23-Aug-23 EMUDHRA General 24-Aug-23
EFCIL General;Preferential Issue of shares 23-Aug-23 GHUSHINE A.G.M.;General 24-Aug-23
KAMAHOLD Interim Dividend 23-Aug-23 GSBFIN General 24-Aug-23
MISHTANN Right Issue of Equity Shares 23-Aug-23 INDINFR General 24-Aug-23
NOVATEOR Increase in Authorised Capital;Issue Of Warrants;A.G.M. 23-Aug-23 KIRANSY-B General 24-Aug-23
PARACABLES General 23-Aug-23 LABELKRAFT A.G.M.;General 24-Aug-23
PGHL Final Dividend;Audited Results 23-Aug-23 LNIND General;Scheme of Arrangement 24-Aug-23
PRESSURS General 23-Aug-23 MPCOSEMB General 24-Aug-23
RISHYRN General 23-Aug-23 MYSPAPE Quarterly Results 24-Aug-23
SHANTAI General 23-Aug-23 NDASEC Preferential Issue of shares 24-Aug-23
SHAREINDIA General 23-Aug-23 PADALPO General 24-Aug-23
SHRAJOI A.G.M. 23-Aug-23 PVP Preferential Issue of shares 24-Aug-23
SPRAYKING A.G.M.;General 23-Aug-23 SUPRAPFSL General;Preferential Issue of shares 24-Aug-23
SUDAI General 23-Aug-23 VISASTEEL General 24-Aug-23
UJJIVAN Interim Dividend 23-Aug-23 ARNOLD A.G.M. 25-Aug-23
VALECHAENG Quarterly Results 23-Aug-23 BERLDRG A.G.M. 25-Aug-23
VANICOM A.G.M.;General 23-Aug-23 BERYLSE A.G.M. 25-Aug-23
ZINEMA General 23-Aug-23 BODHTREE Quarterly Results 25-Aug-23
AMBALALSA A.G.M.;General 24-Aug-23 GETALONG Preferential Issue of shares 25-Aug-23
ARL Increase in Authorised Capital;A.G.M. 24-Aug-23 HAZOOR A.G.M.;General 25-Aug-23
BAMPSL A.G.M. 24-Aug-23 HCKKVENTURE A.G.M.;General 25-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ASTRAMICRO 23-Aug-23 Final Dividend – Rs. – 1.6000 ABB 25-Aug-23 Special Dividend – Rs. – 5.5000
BIRET 23-Aug-23 Income Distribution RITES ALKOSIGN 25-Aug-23 E.G.M.
CGCL 23-Aug-23 Final Dividend – Rs. – 0.5000 DEEPAKFERT 25-Aug-23 Dividend – Rs. – 10.0000
DHRUV 23-Aug-23 Interim Dividend ECOPLAST 25-Aug-23 Dividend – Rs. – 1.5000
DSSL 23-Aug-23 Interim Dividend – Rs. – 0.5000 ENGINERSIN 25-Aug-23 Final Dividend – Rs. – 1.0000
FOCUS 23-Aug-23 Bonus issue 4:5 FDC 25-Aug-23 Buy Back of Shares
GCSL 23-Aug-23 Right Issue of Equity Shares GAEL 25-Aug-23 Final Dividend – Rs. – 0.7000
HBPOR 23-Aug-23 Interim Dividend – Rs. – 1.0000 GICHSGFIN 25-Aug-23 Final Dividend – Rs. – 4.5000
INTLCOMBQ 23-Aug-23 Dividend – Rs. – 3.0000 GUJHOTE 25-Aug-23 Final Dividend – Rs. – 2.0000
MANAPPURAM 23-Aug-23 Interim Dividend – Rs. – 0.8000 GULFOILLUB 25-Aug-23 Dividend – Rs. – 25.0000
PERMAGN 23-Aug-23 Final Dividend – Rs. – 1.5000 HAZOOR 25-Aug-23 Interim Dividend – Rs. – 3.0000
PREVEST 23-Aug-23 Final Dividend – Rs. – 1.0000 INDIAMART 25-Aug-23 Buy Back of Shares
AGI 24-Aug-23 Final Dividend – Rs. – 5.0000 ITHL 25-Aug-23 Final Dividend – Rs. – 3.5000
ANDREWYU 24-Aug-23 Final Dividend – Rs. – 0.0070 KRBL 25-Aug-23 Buy Back of Shares
HAL 24-Aug-23 Final Dividend – Rs. – 15.0000 KRBL 25-Aug-23 Final Dividend – Rs. – 1.0000
HEG 24-Aug-23 Final Dividend – Rs. – 42.5000 MAPMYINDIA 25-Aug-23 Final Dividend – Rs. – 3.0000
MAYURUNIQ 24-Aug-23 Dividend – Rs. – 2.0000 MUNJALAU 25-Aug-23 Final Dividend – Rs. – 2.0000
MONTECARLO 24-Aug-23 Dividend – Rs. – 20.0000 NCC 25-Aug-23 Dividend – Rs. – 2.2000
RAILTEL 24-Aug-23 Final Dividend – Rs. – 1.0500 NDLVENTURE 25-Aug-23 Final Dividend – Rs. – 2.0000
SATIA 24-Aug-23 Interim Dividend – Rs. – 1.0000 NEOGEN 25-Aug-23 Final Dividend – Rs. – 3.0000
TVSHLTD 24-Aug-23 Spin Off NICCOPAR 25-Aug-23 Final Dividend – Rs. – 0.5000
UPSURGE 24-Aug-23 Interim Dividend – Rs. – 0.5000 NICCOPAR 25-Aug-23 Interim Dividend

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