The NIFTY opened at 17638.60 with a gap up of just 20 points. The index initially moved higher but soon found resistance and started moving on the downside. Prices have recorded its intraday high at 17684.45 in the morning, saw a sharp decline of almost 100 points, and recorded its intraday low at 17584.35. Prices have bounced up from there and saw a minor recovery in the last hour of trading. The Index finally dosed at 17624.45 with a gain of just 5.70 points or 0.03% up. The BANK, AUTO, and MEDIA outperformed today and closed with minor gains. The PHARMA underperformed today and closed lower by 1.11% followed by FMCG, METAL, and REALTY. The last two days of narrow price movement suggest a sharp move is about to come. The short-term trend is still up. Support is visible around 17500 and resistance is visible around 17800.


The BANK NIFTY opened at 42218.50 with a gap up of just 73 points. The index initially moved higher but soon faced resistance and started moving downside after recording its intraday high at 42378.15. Prices have seen a mild decline and recorded its intraday low at 42 108.85. The index has seen some recovery in the last hour of trading and finally closed at 42259.80 with a gain of 114 points. PSU BANK has underperformed today and dosed with a loss of just 0.11%. PVT BANK has outperformed today and closed with a gain of 0.31% Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AXIS BANK contributed the lowest. It was again a volatile day today in the BANK NIFTY where prices have seen sharp intraday swings in both directions. Moreover, the intraday range was again very narrow suggesting a sharp move is about to come.


TRENT 1393.70 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1396.55 with a stop loss of 1384.65 and a target of 1419.75.
HAL 2776.15 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2769.15 with a stop loss of 2788.70 and a target of 2731.25.


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
PAGEIND.23.04 Apr 39450.05 3.62 7.04 137835 TVSMOTOR.23.04 Apr 1127 -3.72 3.26 7063700
CUB.23.04 Apr 133.3 3.29 17.69 25010000 DIVISLAB.23.04 Apr 3200.15 -3.7 3.46 2869350
ICICIPRULI.23.04 Apr 459.8 2.86 17.76 13986000 DALBHARAT.23.04 Apr 1990.75 -3.1 13.72 2296500
TRENT.23.04 Apr 1394.6 2.31 3.62 3866800 JKCEMENT.23.04 Apr 2941 -2.58 3.76 524250
HONAUT.23.04 Apr 36134.75 1.85 0.73 14505 METROPOLIS.23.04 Apr 1246 -2.49 4.21 1139600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CUMMINSIND.23.04 Apr 1558.9 3.52 -1.31 2799000 INDIACEM.23.04 Apr 183.4 -2.06 -0.35 16741700
TATACOMM.23.04 Apr 1230.75 3.21 -12.91 2417500 MPHASIS.23.04 Apr 1759.5 -1.4 -0.2 2999975
BATAINDIA.23.04 Apr 1467.95 2.44 -5.33 2679050 RAIN.23.04 Apr 156.65 -1.1 -1.71 10657500
CONCOR.23.04 Apr 613.25 2.05 -3.32 9462000 IRCTC.23.04 Apr 601.45 -0.91 -0.56 12936000
UBL.23.04 Apr 1439.75 1.93 -1.4 1292800 BALRAMCHIN.23.04 Apr 416.95 -0.89 -2.07 6668800


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Crompton Greaves Consume 293.7 0.5 1398806 1339836 79.29 Nifty50 17624.45 0.03 102012
Alkem 3355.9 0.42 259756 117892 78.81 Niftybank 42269.5 0.27 101961
Ipca Laboratories Ltd. 830.75 0.11 1111532 705503 74.33 Nifty it 26637.15 -0.19 101961
Icici Prudential Life In 455.7 2.27 4322040 3103769 73.3 India Vix 11.94 -1.73 103569
Ntpc Limited 169.7 1.56 15498083 11636487 71.33 Nifty Fmcg 46256.05 -0.36 101961
Sbi Life Insurance Compa 1128.85 0.49 663526 730428 70.71 Nifty Pharma 12485.25 -1.11 101961
Larsen & Toubro Limited 2232.75 0.59 1898996 1380480 70.07 Nifty Realty 432.7 -0.43 101961
Petronet Lng Limited 232.95 -0.41 962842 1175334 69.46 Nifty Auto 13032.35 0.23 101961
Torrent Pharma Ltd. 1589.55 -0.24 246181 267397 68.08 Nifty Metal 5756.95 -0.39 101961
L&t Technology Services 3359.6 -2.2 341979 246704 67.83 Nifty Financial Services 18790.3 0.12 101961


   Domestic                                                                                                                                                  International
INR: Bank Loan Growth on 21st April, 2023

INR: Deposit Growth on 21st April, 2023

 USD: New Home Sales (Mar) on 25th April, 2023

USD: CB Consumer Confidence (Apr) on 25th April, 2023


  • India’s benchmark stock indices snapped a three-day losing streak to end higher on Thursday amid gains in media, consumer durables and private banks. Asian markets, including European stocks and U.S. equity futures, fell as market participants parsed mixed corporate earnings. The S&P BSE Sensex closed 65 points higher, or 0.11%, at 59,632.35, while the NSE Nifty 50 gained 6 points, or 0.03%, to end at 17,624.45.

  • India’s most valuable company Reliance Industries Ltd (RIL) is likely to report double-digit growth in consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) for the December-March quarter when it reports its earnings on April 221, according to a Moneycontrol poll.

  • India’s quick service restaurant industry is likely to witness 20-25 percent growth in the current financial year supported by demand uptick and increasing penetration driven by a rapid expansion of stores.

  • ICICI Bank, India’s second-largest private sector bank by market capitalization, is all set to report its corporate earnings for the January-March 2023 quarter on April 22. The average of a poll of three brokerages estimate that the bank’s profit is going to rise to Rs 8,540 crore, a rise of 30.2 percent.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BANKBARODA General 21-Apr-23 TANFACIND Audited Results 21-Apr-23
BGJL General 21-Apr-23 TEJASNET Audited Results;Quarterly Results 21-Apr-23
BHEEMACEM Audited Results 21-Apr-23 THAMBBI Audited Results 21-Apr-23
BIRLAMONEY Audited Results 21-Apr-23 TRL Issue Of Warrants;General;Preferential Issue of shares 21-Apr-23
GIPCL General 21-Apr-23 VIPULORG Preferential Issue of shares 21-Apr-23
GOEL General 21-Apr-23 WENDT Audited Results;Final Dividend 21-Apr-23
HINDZINC Audited Results 21-Apr-23 ADANIPORTS General 22-Apr-23
INDBANK Audited Results 21-Apr-23 AMIORG Employees Stock Option Plan;Preferential Issue of shares 22-Apr-23
INDBNK Audited Results 21-Apr-23 BCCL General 22-Apr-23
LELAVOIR Audited Results 21-Apr-23 ICICIBANK Audited Results;Final Dividend 22-Apr-23
LWSKNIT General 21-Apr-23 LODHA Bonus issue;Dividend;Quarterly Results 22-Apr-23
MADHUVEER A.G.M.;Audited Results;Increase in Authorised Capital;General;Preferential Issue of shares 21-Apr-23 MAPMYINDIA Audited Results;Final Dividend;General 22-Apr-23
MARSONS Preferential Issue of shares 21-Apr-23 NATHBIOGEN Audited Results;Final Dividend 22-Apr-23
METALFORGE Quarterly Results 21-Apr-23 OKPLA Audited Results 22-Apr-23
PRIMESECU Audited Results;Dividend 21-Apr-23 SBECSUG General 22-Apr-23
RADHEDE General 21-Apr-23 SHYMINV Audited Results 22-Apr-23
RAJGLOWIR Audited Results;Final Dividend;General 21-Apr-23 STARHFL Audited Results;Employees Stock Option Plan;General 22-Apr-23
RELIANCE Audited Results 21-Apr-23 SUPERTEX Right Issue of Equity Shares;General 22-Apr-23
RISHYRN General 21-Apr-23 YESBANK Audited Results 22-Apr-23
SANINFRA General 21-Apr-23 KSOLVES Audited Results;Final Dividend 23-Apr-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
EIDPARRY 21-Apr-23 Interim Dividend – Rs. – 4.0000 VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
GSCLCEMENT 21-Apr-23 Amalgamation ABB 27-Apr-23 Dividend – Rs. – 5.5000
IFL 21-Apr-23 Bonus issue 1:4 HCLTECH 28-Apr-23 Interim Dividend
IFL 21-Apr-23 Stock  Split From Rs.10/- to Rs.1/- JOSTS 28-Apr-23 Stock  Split From Rs.5/- to Rs.2/-
IMEC 21-Apr-23 Reduction of Capital JSL 28-Apr-23 Special Dividend – Rs. – 1.0000
JETINFRA 21-Apr-23 Bonus issue 1:1 KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
KAARYAFSL 21-Apr-23 E.G.M. RAJOOENG 28-Apr-23 E.G.M.
MOLDTEK 21-Apr-23 Interim Dividend – Rs. – 2.0000 SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
MOLDTKPAC 21-Apr-23 Interim Dividend – Rs. – 4.0000 SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000
NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000 SERA 28-Apr-23 Stock  Split From Rs.10/- to Rs.2/-
NESTLEIND 21-Apr-23 Interim Dividend – Rs. – 27.0000 ELANTAS 02-May-23 Dividend – Rs. – 5.0000
PRERINFRA 21-Apr-23 Right Issue of Equity Shares STOVACQ 02-May-23 Final Dividend – Rs. – 47.0000
SURFUNC 21-Apr-23 E.G.M. CASTROLIND 04-May-23 Final Dividend – Rs. – 3.5000
TIPSINDLTD 21-Apr-23 Stock  Split From Rs.10/- to Rs.1/- CRISIL 04-May-23 Interim Dividend – Rs. – 7.0000
NETTLINX 24-Apr-23 Bonus issue 1:1 FRUTION 04-May-23 E.G.M.
SIPIND 24-Apr-23 Resolution Plan -Suspension RKFORGE 09-May-23 Interim Dividend
ACHYUT 25-Apr-23 Bonus issue 1:2 HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000
GOYALALUM 25-Apr-23 Stock  Split From Rs.10/- to Rs.1/- RCL 31-May-23 Stock  Split From Rs.10/- to Rs.1/-
SACHEMT 26-Apr-23 E.G.M. INFY 02-Jun-23 Final Dividend – Rs. – 17.5000

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