The NIFTY opened at 19605.55 with a gap down of just 27 points. Prices initially moved lower and then started moving sideways which eventually broke on the down side. The index recorded its intraday high at 19623.60 and saw a sharp decline of more than 100 points. Prices found support around 19500 and then started moving sideways. The index spent most of its time moving sideways and recorded its intraday low at 19495.40. Prices have finally closed at 19543.10 with a loss of 89.45 points or 0.46% down. MEDIA outperformed and gained over 6% followed by METAL and OIL GAS. BANK, FINANCIAL, FMCG, and PHARMA under performed and ended with a loss. The short-term trend is sideways. The index is going through a process of consolidation after a sharp decline. Support is visible around 19300 while resistance is visible around 19700.


The BANK NIFTY opened at 44797.65 with a gap down of 84 points. The index initially consolidated and then moved higher. Prices came into positive territory and then moved down after recording its intraday high at 44980.35. The index has seen a sharp decline and then started moving sideways which lasted till the end. Prices have recorded its intraday low at 44418.40 and finally closed at 44544.20 with a loss of 337 points. PSU and PVT BANKS have performed almost the same today, saw a sharp downside move, and finally closed with a loss of 0.81% &0.64% respectively. Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while ICICI BANK contributed the lowest. The short-term trend is sideways. We have been tracking support around 44000 and resistance around 45500. The resistance has now shifted to 45100.


MPHASIS 2348.90 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 2361.05 with a stop loss of 2321.65 and a target of 2439.75.
GRANULES 301.90 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 300.95 with a stop loss of 304.10 and a target of 294.60.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
RELIANCE  2560 CE BUY 32.30 CMP 26.65 43.75 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ZEEL.23.08 Aug 281.8 15.4 9.9 120207000 GRANULES.23.08 Aug 303 -6.54 14.71 12598000
MFSL.23.08 Aug 857 7.87 30.62 6657600 MGL.23.08 Aug 1012.1 -4.09 17.91 3160000
TRENT.23.08 Aug 1900.15 5.65 4.43 4546800 PIDILITIND.23.08 Aug 2523.95 -3.43 16.47 3306250
INDIACEM.23.08 Aug 241.9 4.99 19.15 21071400 BIOCON.23.08 Aug 262.9 -2.97 9.06 34082500
GMRINFRA.23.08 Aug 53.9 2.57 1.06 124155000 BATAINDIA.23.08 Aug 1636 -2.86 20.08 2507625
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HDFCAMC.23.08 Aug 2580.45 2.22 -1.51 2799600 HINDCOPPER.23.08 Aug 147.5 -2.86 -2.14 23950700
ADANIPORTS.23.08 Aug 808.5 1.54 -0.18 37512800 IBULHSGFIN.23.08 Aug 165.2 -2.85 -1.02 54228300
SYNGENE.23.08 Aug 819.5 1.48 -0.98 3135000 LAURUSLABS.23.08 Aug 397.95 -2.63 -2 11022800
ABBOTINDIA.23.08 Aug 24124.95 0.79 -0.79 85240 GLENMARK.23.08 Aug 813.05 -2.43 -3.88 5784050
TATACHEM.23.08 Aug 1004.95 0.36 -1.83 9572750 ALKEM.23.08 Aug 4151.8 -2.13 -1.83 792800

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Britannia Ind Ltd. 4540.45 -1.31 587011 736480 80.7 Nifty50 19543.1 -0.46 118257
Power Grid Corporation o 241.8 0.6 7471838 10978622 79.37 Niftybank 44541.8 -0.76 118200
Hindustan Unilever Ltd 2536.7 -0.61 1313334 956793 78.91 Nifty it 30867 -0.24 118200
Pidilite Industries Ltd 2520.1 -3.21 747380 181761 74.4 India Vix 11.4 2.33 118500
Tata Consultancy Serv Lt 3442.1 -0.59 1096701 1305254 72.73 Nifty Fmcg 51728.65 -0.91 118200
Infosys Limited 1389.1 -0.38 3873025 2967229 72.53 Nifty Pharma 15580.7 -0.74 118200
Ultratech Cement Limited 8102.2 -0.11 296178 158775 71.41 Nifty Realty 533.25 -0.26 118200
Crompton Greaves Consume 303.8 -0.64 4878767 3594565 71.3 Nifty Auto 15444.8 -0.27 118200
Bharti Airtel Limited 874.8 -1.01 3439922 2212528 69.46 Nifty Metal 6723.3 0.68 118200
Petronet Lng Limited 226.45 -2.2 3377686 4401018 69 Nifty Financial Services 19890.9 -0.77 118200

Upcoming Economic Data

   Domestic International
INR: Deposit Growth on 11th August, 2023

INR: Thomson Reuters IPSOS PCSI (MoM) (Aug) on 11th August, 2023

USD: PPI (MoM) (Jul) on 11th August, 2023

USD: Retail Sales (MoM) (Jul)  on 15th August, 2023

News Updates

  • Indian benchmark indices ended lower in the volatile session on August 10 with Nifty below 19,550. At close, the Sensex was down 307.63 points or 0.47 percent at 65,688.18, and the Nifty was down 89.40 points or 0.46 percent at 19,543.10. About 1649 shares advanced, 1851 shares declined, and 132 shares unchanged.

  • The public issue of TVS Supply Chain Solutions received bids for 90.51 lakh equity shares on debut on August 10 against an IPO size of 2.51 crore shares, with a subscriptions of 36 percent. Retail investors have bought 1.56 times the allotted quota which is 10 percent of the IPO size, while the portion set aside for high net-worth individuals, which is 15 percent of issue size, was bought 12 percent.

  • The Reserve Bank of India on August 10 said that banks have to maintain a 10 percent incremental cash reserve ratio (ICRR) from August 12 as part of the central bank’s efforts to drain excess liquidity from the banking system following the withdrawal of the Rs 2,000 currency note.

  • The Reserve Bank of India (RBI) on August 10 said it proposes to increase UPI-Lite limit to Rs 500 from Rs 200 earlier.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
7SEASL Issue Of Warrants;A.G.M.;General;Quarterly Results 11-Aug-23 AKSHAR Quarterly Results 11-Aug-23
A2ZINFRA Quarterly Results 11-Aug-23 ALANKIT Quarterly Results 11-Aug-23
AAATECH Quarterly Results;General 11-Aug-23 ALPHAGEO Quarterly Results;General 11-Aug-23
AADHAARVEN Quarterly Results;General 11-Aug-23 ALPHALOGIC Quarterly Results 11-Aug-23
AADIIND Quarterly Results 11-Aug-23 ALPINEHOU Quarterly Results 11-Aug-23
AAGAMCAP Quarterly Results;General;A.G.M. 11-Aug-23 ALSTONE Quarterly Results 11-Aug-23
ABB Quarterly Results;Interim Dividend;Special Dividend 11-Aug-23 AMBIT Quarterly Results 11-Aug-23
ABMKNO Quarterly Results 11-Aug-23 AMIORG Quarterly Results 11-Aug-23
ACCEL Quarterly Results 11-Aug-23 AMNPLST Quarterly Results 11-Aug-23
ACE Quarterly Results 11-Aug-23 AMTL Quarterly Results 11-Aug-23
ACI Quarterly Results 11-Aug-23 ANJANIFOODS Quarterly Results;General;A.G.M. 11-Aug-23
ACIASIA General;Quarterly Results 11-Aug-23 ANSALBU Quarterly Results 11-Aug-23
ACKNIT Quarterly Results 11-Aug-23 ANSINDUS Quarterly Results 11-Aug-23
ACME Quarterly Results 11-Aug-23 ANUHPHR Quarterly Results 11-Aug-23
ADARSHPL Quarterly Results;A.G.M. 11-Aug-23 ANZEN Dividend;Quarterly Results 11-Aug-23
ADDIND Final Dividend;Quarterly Results 11-Aug-23 APCL Quarterly Results 11-Aug-23
ADITYASP Quarterly Results 11-Aug-23 APIL Quarterly Results 11-Aug-23
AGRITECH Quarterly Results 11-Aug-23 APLAB Quarterly Results 11-Aug-23
AHL Quarterly Results 11-Aug-23 APOLLOHOSP Quarterly Results;General 11-Aug-23
AHLEAST Quarterly Results 11-Aug-23 ARCFIN Quarterly Results 11-Aug-23
AJEL Quarterly Results 11-Aug-23 ARCHIES A.G.M.;Quarterly Results 11-Aug-23
AJWAFUN Quarterly Results 11-Aug-23 ARFIN Quarterly Results 11-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANUHPHR 11-Aug-23 Final Dividend – Rs. – 2.0000 KSL 11-Aug-23 Dividend – Rs. – 10.0000
BALKRISIND 11-Aug-23 Interim Dividend – Rs. – 4.0000 LALPATHLAB 11-Aug-23 Final Dividend – Rs. – 6.0000
BANDHANBNK 11-Aug-23 Final Dividend – Rs. – 1.5000 LALPATHLAB 11-Aug-23 Interim Dividend – Rs. – 6.0000
BHARTIARTL 11-Aug-23 Final Dividend – Rs. – 4.0000 MAXVIL 11-Aug-23 Amalgamation
BHEL 11-Aug-23 Final Dividend – Rs. – 0.4000 MENAMANI 11-Aug-23 Stock  Split From Rs.10/- to Rs.1/-
BPCL 11-Aug-23 Dividend – Rs. – 4.0000 MOTHERSON 11-Aug-23 Final Dividend – Rs. – 0.6500
CCL 11-Aug-23 Final Dividend – Rs. – 2.5000 NTPC 11-Aug-23 Final Dividend – Rs. – 3.0000
CENTENKA 11-Aug-23 Final Dividend – Rs. – 10.0000 PFIZER 11-Aug-23 Special Dividend – Rs. – 5.0000
CUB 11-Aug-23 Dividend – Rs. – 1.0000 PFIZER 11-Aug-23 Final Dividend – Rs. – 35.0000
CUBEINVIT 11-Aug-23 Income Distribution (InvIT) PIIND 11-Aug-23 Final Dividend – Rs. – 5.5000
DIVISLAB 11-Aug-23 Final Dividend – Rs. – 30.0000 PITTIENG 11-Aug-23 Final Dividend – Rs. – 1.2000
ENDURANCE 11-Aug-23 Dividend – Rs. – 7.0000 RAJPALAYAM 11-Aug-23 Dividend – Rs. – 1.0000
FEDERALBNK 11-Aug-23 Final Dividend – Rs. – 1.0000 SNOWMAN 11-Aug-23 Interim Dividend – Rs. – 1.0000
GODFRYPHLP 11-Aug-23 Final Dividend – Rs. – 44.0000 TFCILTD 11-Aug-23 Final Dividend – Rs. – 2.4000
GRASIM 11-Aug-23 Final Dividend – Rs. – 10.0000 TINPLATE 11-Aug-23 Dividend – Rs. – 3.0000
HBSTOCK 11-Aug-23 Dividend – Rs. – 1.0000 TIPSFILMS 11-Aug-23 Final Dividend – Rs. – 5.0000
ICIL 11-Aug-23 Final Dividend – Rs. – 2.0000 UNIPHOS 11-Aug-23 Dividend – Rs. – 6.5000
INDOBORAX 11-Aug-23 Dividend – Rs. – 1.0000 WONDERLA 11-Aug-23 Final Dividend – Rs. – 2.5000
JKLAKSHMI 11-Aug-23 Final Dividend – Rs. – 3.7500 AEL 14-Aug-23 Final Dividend – Rs. – 0.3000
KOLTEPATIL 11-Aug-23 Final Dividend – Rs. – 4.0000 ALKALI 14-Aug-23 Final Dividend – Rs. – 2.0000
KOVAI 11-Aug-23 Special Dividend – Rs. – 5.0000 AVANTEL 14-Aug-23 Stock  Split From Rs.10/- to Rs.2/-
KOVAI 11-Aug-23 Final Dividend – Rs. – 5.0000 CAMS 14-Aug-23 Interim Dividend – Rs. – 8.0000

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