NIFTY:
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.
BANK NIFTY:
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.
TECHNICAL PICKS
| COMPANY NAME | CMP | B/S | RATIONALE |
| 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. |
DERIVATIVE PICKS
| 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.
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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.
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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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