The NIFTY opened at 19301.75 with a gap down of 64 points. The index initially moved higher but found resistance quickly and started drifting downward. A decline came which found strong support around 19250 and then prices moved up but soon formed a range. That range broke on the upside, prices moved higher but again found resistance. Another decline came towards the end. Prices have recorded its intraday low at 19253.60, its intraday high at 19373.80, and finally closed at19310.15 near its opening tick with a loss of 55.10 points or 0.28% down. MEDIA outperformed followed by FMCG and METAL. IT underperformed followed by REALTY and PHARMA. AUTO and BANK ended without much. The short-term trend is sideways. However, the bias is again more on the downside. We have been tracking support around 19300 which is holding so far. Resistance is visible around 19700.


The BANK NIFTY opened at 43724.75 with a gap down of 141 points. For the first 15 minutes of trading, the index moved up very sharply and then found strong resistance around 43950. Prices started moving sideways then and remained range bound till the end. The index recorded its intraday high at 43957.65, its intraday low at 43672.45, and finally closed at 43793.20 with a loss of 72 points. PVT BANK has underperformed, saw a mild downside move, and ended with a loss of 0.21%. PSU BANK has outperformed today, saw a mild upside move, and closed with a gain of 0.23%. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while HDFC BANK contributed the lowest. On the weekly timeframe chart, the index ended lower for the fourth consecutive week.


HCL TECH 1173.70 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1177.30 with a stop loss of 1167 and a target of 1198.20.
GRASIM 1790.95 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1790 with a stop loss of 1801.10 and a target of 1766.90.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
AXIS BANK  950 CE BUY 9.80 ABOVE 11 8.85 17.35 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIENT.23.08 Aug 2586.4 3.85 2.3 11939700 MANAPPURAM.2308Aug 147.75 -3.65 21.76 71940000
AMBUJACEM.23.08 Aug 454.4 1.6 1.03 64130400 NAUKRI.23.08 Aug 4200.45 -2.56 1.02 1317900
ACC.23.08 Aug 1938.15 1.54 4.03 6632700 MPHASIS.23.08 Aug 2281.9 -2.38 0.68 2267375
BHARATFORG.23.08 Aug 970.9 1.28 5.86 8025000 L&TFH.23.08 Aug 118.15 -2.36 0.92 74149516
JKCEMENT.23.08 Aug 3085.3 1.02 2.06 519000 IEX.23.08 Aug 124.05 -2.25 1.87 46552500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIPORTS.23.08 Aug 836.35 3.09 -2.13 41160000 BSOFT.23.08 Aug 453.6 -3.56 -12.46 5858000
AUBANK.23.08 Aug 711.05 2.16 -7.3 12665000 IBULHSGFIN.23.08 Aug 157.85 -3.28 -0.19 49413900
MFSL.23.08 Aug 873.75 1.7 -3.42 5902400 LICHSGFIN.23.08 Aug 414 -2.83 -1.81 19762000
ESCORTS.23.08 Aug 2834.15 1.53 -2.86 1333750 ASTRAL.23.08 Aug 1931.4 -2.61 -0.06 3304835
EICHERMOT.23.08 Aug 3348.75 1.25 -4.15 4295200 BALRAMCHIN.23.08 Aug 386.05 -2.45 -5.56 9574400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Torrent Pharma Ltd. 1980.6 -0.13 260080 195213 79.14 Nifty50 19310.15 -0.28 70891957
Petronet Lng Limited 219.25 -2.01 1856127 1270928 77.55 Niftybank 43851.05 -0.09 31243662
Balkrishna Ind. Ltd 2379.95 1.13 199171 148313 74.14 Nifty it 30604.05 -1.47 1010223
Container Corp Of India 654.75 -0.95 1328417 816154 73.05 India Vix 12.14 -0.82 1117904335
Tech Mahindra Limited 1210.8 -1.7 1794430 1893415 71.82 Nifty Fmcg 51464.75 0.22 503194
Hindustan Unilever Ltd 2554.75 0.45 1970819 1093943 71.37 Nifty Pharma 15271.5 -0.57 89307506
Godrej Cons Products Ltd 1026.45 0.13 1060254 478807 70.49 Nifty Realty 530.2 -0.73 2147483500
Infosys Limited 1388.8 -1.61 10268206 3933795 70.02 Nifty Auto 15391.75 -0.05 88956000
Tata Consumer Products l 842.55 -0.2 1145798 763217 69.05 Nifty Metal 6493.7 0.2 210670441
Larsen & Toubro Limited 2641.95 -0.4 3797932 1119213 68.7 Nifty Financial Services 19481.25 -0.34 4309711

Upcoming Economic Data

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

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

USD: Existing Home Sales (Jul) on 22nd August, 2023

USD: Building Permits on 23rd August, 2023

News Updates

  • Benchmark indices ended lower in the volatile session on August 18 with Nifty around 19,300. At close, the Sensex was down 202.36 points or 0.31 percent at 64,948.66, and the Nifty was down 55.10 points or 0.28 percent at 19,310.20. About 1523 shares advanced, 1978 shares declined, and 133 shares unchanged.

  • Moody’s Investors Service on August 18 affirmed its Baa3 rating on India and maintained the stable outlook, but warned of political issues and even cited the example of the ongoing violence in Manipur.

  • Reliance Industries Ltd.’s unit Jio Financial Services will continue to remain in several FTSE indices from Aug. 22. The soon-to-be listed company will also be added to the MSCI Global Standard Index from Aug. 23, according to a notification.

  • India’s foreign exchange reserves jumped $708 million to $602.161 billion for the week-ended Aug. 11, the Reserve Bank of India said on Friday. This is the first increase in the kitty after declining for three consecutive weeks. In the previous reporting week, the overall reserves had declined $2.417 billion to $601.453 billion.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ATCOM General 21-Aug-23 CCCL A.G.M. 22-Aug-23
ATL Quarterly Results 21-Aug-23 LAL Issue Of Warrants 22-Aug-23
DATAINFRA General 21-Aug-23 PRERINFRA General 22-Aug-23
DEEP Preferential Issue of shares 21-Aug-23 TIRUSTA Preferential Issue of shares;Increase in Authorised Capital 22-Aug-23
GARBIFIN General 21-Aug-23 WSIND General 22-Aug-23
GETALONG General 21-Aug-23 ASHAI General 23-Aug-23
INDOCITY A.G.M. 21-Aug-23 KAMAHOLD Interim Dividend 23-Aug-23
INDOSTAR A.G.M. 21-Aug-23 MISHTANN Right Issue of Equity Shares 23-Aug-23
INSILCO Quarterly Results 21-Aug-23 NOVATEOR Increase in Authorised Capital;Issue Of Warrants;A.G.M. 23-Aug-23
JAINCO General 21-Aug-23 PGHL Final Dividend;Audited Results 23-Aug-23
JJFINCOR General 21-Aug-23 PRESSURS General 23-Aug-23
MAGNUM Issue Of Warrants 21-Aug-23 SHANTAI General 23-Aug-23
MOHITE Quarterly Results 21-Aug-23 SHRAJOI A.G.M. 23-Aug-23
NILACHAL A.G.M. 21-Aug-23 SPRAYKING A.G.M.;General 23-Aug-23
OBCL A.G.M.;General 21-Aug-23 UJJIVAN Interim Dividend 23-Aug-23
PGIL Interim Dividend 21-Aug-23 VALECHAENG Quarterly Results 23-Aug-23
RANJITSE Quarterly Results 21-Aug-23 VANICOM A.G.M.;General 23-Aug-23
SEPC Rights Issue 21-Aug-23 ZINEMA General 23-Aug-23
SHRMFGC A.G.M. 21-Aug-23 ARL Increase in Authorised Capital;A.G.M. 24-Aug-23
SONALIS Audited Results 21-Aug-23 BAMPSL A.G.M. 24-Aug-23
VAARAD General 21-Aug-23 CONTCHM A.G.M.;General 24-Aug-23
WEBELSOLAR Preferential Issue of shares;General 21-Aug-23 GHUSHINE A.G.M.;General 24-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AAL 21-Aug-23 Final Dividend – Rs. – 1.5000 MNKCMILTD 22-Aug-23 Final Dividend – Rs. – 0.0300
CHAMBLFERT 21-Aug-23 Final Dividend – Rs. – 3.0000 MORGANITE 22-Aug-23 Final Dividend – Rs. – 11.0000
COMPEAU 21-Aug-23 Final Dividend – Rs. – 1.0000 NATCOPHARM 22-Aug-23 Interim Dividend – Rs. – 7.0000
FINOLEXIND 21-Aug-23 Final Dividend – Rs. – 1.5000 NHPC 22-Aug-23 Final Dividend – Rs. – 0.4500
ITDCEM 21-Aug-23 Dividend – Rs. – 0.7500 PANAMAPET 22-Aug-23 Final Dividend – Rs. – 5.0000
JAGSNPHARM 21-Aug-23 Dividend – Rs. – 5.0000 SUBROS 22-Aug-23 Dividend – Rs. – 1.0000
KPEL 21-Aug-23 Interim Dividend – Rs. – 0.2500 SUNTV 22-Aug-23 Interim Dividend – Rs. – 6.2500
KRITINUT 21-Aug-23 Final Dividend – Rs. – 0.2500 TYCHE 22-Aug-23 Dividend – Rs. – 2.0000
LINC 21-Aug-23 Final Dividend – Rs. – 5.0000 VGIL 22-Aug-23 Bonus issue 1:1
RELIANCE 21-Aug-23 Final Dividend – Rs. – 9.0000 VRL 22-Aug-23 Final Dividend – Rs. – 2.0000
STOVACQ 21-Aug-23 Special Dividend – Rs. – 157.0000 ASTRAMICRO 23-Aug-23 Final Dividend – Rs. – 1.6000
TAMBOLI 21-Aug-23 Final Dividend – Rs. – 1.0000 BIRET 23-Aug-23 Income Distribution RITES
TRANSPEK 21-Aug-23 Dividend – Rs. – 27.5000 CGCL 23-Aug-23 Final Dividend – Rs. – 0.5000
UNIABEXAL 21-Aug-23 Dividend – Rs. – 20.0000 DHRUV 23-Aug-23 Interim Dividend
VASCONEQ 21-Aug-23 Interim Dividend – Rs. – 0.2500 DSSL 23-Aug-23 Interim Dividend – Rs. – 0.5000
ANZEN 22-Aug-23 Income Distribution (InvIT) FOCUS 23-Aug-23 Bonus issue 4:5
CHEMFABALKA 22-Aug-23 Final Dividend – Rs. – 1.2500 GCSL 23-Aug-23 Right Issue of Equity Shares
DREAMFOLKS 22-Aug-23 Interim Dividend – Rs. – 0.5000 HBPOR 23-Aug-23 Interim Dividend – Rs. – 1.0000
ISEC 22-Aug-23 Final Dividend – Rs. – 9.2500 INTLCOMBQ 23-Aug-23 Dividend – Rs. – 3.0000
KPIGREEN 22-Aug-23 Interim Dividend – Rs. – 0.2500 MANAPPURAM 23-Aug-23 Interim Dividend – Rs. – 0.8000
KTKBANK 22-Aug-23 Final Dividend – Rs. – 5.0000 PERMAGN 23-Aug-23 Final Dividend – Rs. – 1.5000
MNKALCOLTD 22-Aug-23 Final Dividend – Rs. – 0.0500 AGI 24-Aug-23 Final Dividend – Rs. – 5.0000

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