The NIFTY opened at 19731.15 without any gaps. The index initially moved down but soon turned around and started moving higher to find resistance quickly around 19750. Prices have recorded its intraday high at 19756.45 and then started drifting downwards. A sharp decline came but prices could not move much lower and then started a consolidation process. The range-bound session lasted almost till the end and prices have recorded its Intraday low at 19670.50. The index finally closed at 19694 with a loss of just 37.80 points or 0.19% down. The AUTO and MEDIA sectors led the bears and ended with a loss of over half percent followed by METAL and FMCG. The IT sector outperformed and closed with a gain of half a percent. The short-term trend is still up. Support is now visible around 19500 while resistance is visible around 19850. Prices have been moving in the middle of this trading range for the past two days.


The BANK NIFTY opened at 43591.50 with a minor gap up of just 46 points. The index initially moved lower but soon found support and bounced up after recording its intraday low at 43450.05. A sharp rally took place but found resistance sooner, forming a range that eventually broke the downside. The index moved sideways afterward. Prices have recorded its intraday high at 43724 and finally closed at 43566.45 with a gain of just 21 points. PSU BANK has outperformed, saw a mild up move, and closed with a gain of 0.10%. PVT BANK has underperformed, saw a mild down move, and closed with a loss of just 0.10%. Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while AXIS BANK contributed the lowest. We have been tracking a support level of around 43400 while resistance is around 44400.


INDUSTOWER 192.20 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 192.90 with a stop loss of 191.40 and a target of 195.95.
ADANI ENT 2149.85 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2141.50 with a stop loss of 2158.50 and a target of 2107.50.


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
PFC.23.11 Nov 320.45 2.58 0.51 61414875 ADANIENT.23.05 May 1919.5 -2.54 1.78 9300750
CUB.23.11 Nov 150.85 2.2 7.61 34150000 IEX.23.05 May 156.25 -1.67 2.8 38186250
RECLTD.23.11 Nov 347.2 2.04 1.01 49730000 DIVISLAB.23.05 May 3263.05 -1.25 1.37 3619050
INDHOTEL.23.11 Nov 421.15 1.96 0.06 17806000 COROMANDEL.2305May 959.75 -1.17 13.08 1421700
PERSISTENT.23.11 Nov 6444.65 1.68 2.83 1377775 LALPATHLAB.23.05 May 2011.5 -1.17 6.03 822250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDUSTOWER.23.11 Nov 192.5 3.05 -2.54 66490400 BALKRISIND.23.11 Nov 2502.05 -5.67 12.98 2047200
BALRAMCHIN.23.11 Nov 445.6 2.33 -3.46 9587200 ADANIENT.23.11 Nov 2153.3 -2.87 2.02 10004400
SBICARD.23.11 Nov 743.75 2.31 -6.45 13258400 RAMCOCEM.23.11 Nov 987.65 -2.25 1.11 3185800
DIVISLAB.23.11 Nov 3686.3 2.01 -1.95 2507800 BAJFINANCE.23.11 Nov 7095.35 -2.15 8.64 6181250
LTTS.23.11 Nov 4544.55 1.6 -2.86 761200 GMRINFRA.23.11 Nov 57.85 -1.78 0.13 116853750

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Indiamart Intermesh Limi 2628.5 0.82 208150 244559 78.41 Nifty50 19694 -0.19 34169376
Bharti Airtel Limited 961.4 1.49 4646962 2453882 75.52 Niftybank 43584.95 0 15446164
Power Grid Corporation o 209.3 -0.1 11156900 12081749 72.32 Nifty it 32383.2 0.6 846886
Bajaj Auto Limited 5650.15 0.33 679425 360161 67.76 India Vix 12.15 2.7 552366771
Kotak Mahindra Bank Limi 1770.55 0.34 1923651 1833081 67.62 Nifty Fmcg 52550.1 -0.39 239119
Hdfc Bank Ltd. 1505.2 0.01 9665726 7924052 66.86 Nifty Pharma 15806.75 0.01 42527546
Samvardhana Motherson 88.9 -1.28 9226537 6696679 66.79 Nifty Realty 691 -0.25 970081903
Axis Bank Limited 988.7 -0.57 8215656 8859658 66.77 Nifty Auto 16777.3 -0.76 39976209
Abbott India Limited 23975.8 1.48 17365 17150 66.73 Nifty Metal 6771.55 -0.48 99024501
Itc Ltd. 436.8 -0.56 4335388 4415539 66.35 Nifty Financial Services 19518.6 -0.18 4226920

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 24th November, 2023

INRGDP Quarterly (YoY) (Q2) on 30th October, 2023

USD: Existing Home Sales (Oct) on 21st November, 2023

USD: FOMC Meeting Minutes  on 22nd November, 2023

News Updates

  • Benchmark indices ended lower for the second consecutive session on November 20 with Nifty around 19,700. At close, the Sensex was down 139.58 points or 0.21 percent at 65,655.15, and the Nifty was down 37.80 points or 0.19 percent at 19,694. About 1784 shares advanced, 1864 shares declined, and 146 shares unchanged.

  • State-run oil marketing companies (OMCs) shares have witnessed an uptick recently on account of a sharp fall in crude oil prices. On November 20, shares of OMCs, including Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL), surged 14.40 percent, 13 percent, and 22.5 percent, respectively, from Oct 20.

  • The Nifty Pharma index scaled a new all-time high, trading in the green in 14 out of 17 sessions backed by strong earnings for the September quarter. Since October 26 till date, the index has risen nearly 9 percent while the benchmark Sensex and Nifty gained 4.5 percent each.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BANG General 21-Nov-23 AXITA Bonus issue;General 23-Nov-23
CLIOINFO Quarterly Results 21-Nov-23 BRAHMINFRA Quarterly Results 23-Nov-23
MACPLASQ Quarterly Results 21-Nov-23 FORINTL General 23-Nov-23
MHEL Half Yearly Results;Quarterly Results 21-Nov-23 HIMFIBP General 23-Nov-23
PODDAR Quarterly Results 21-Nov-23 KLRFM Dividend 23-Nov-23
RANJITSE Quarterly Results 21-Nov-23 CMMHOSP General 24-Nov-23
SECURCRED Quarterly Results 21-Nov-23 EASTWEST General 24-Nov-23
UNISTRMU Quarterly Results 21-Nov-23 PNBHOUSING General 24-Nov-23
USHDI Quarterly Results 21-Nov-23 STANCAP Bonus issue;Stock  Split 24-Nov-23
GUJINJEC General 22-Nov-23 WARDINMOBI General 24-Nov-23
HONASA Quarterly Results 22-Nov-23 NEWGEN Bonus issue 27-Nov-23
REMSONSIND General 22-Nov-23 METALFORGE Quarterly Results 15-Dec-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
COALINDIA 21-Nov-23 Interim Dividend – Rs. – 15.2500 PREMCO 23-Nov-23 Interim Dividend – Rs. – 3.0000
EIDPARRY 21-Nov-23 Interim Dividend – Rs. – 4.0000 SHAILY 23-Nov-23 Stock  Split From Rs.10/- to Rs.2/-
EPL 21-Nov-23 Interim Dividend – Rs. – 2.1500 AVANTEL 24-Nov-23 Bonus issue 2:1
GILLETTE 21-Nov-23 Final Dividend – Rs. – 50.0000 BMW 24-Nov-23 Interim Dividend – Rs. – 0.2200
GPPL 21-Nov-23 Interim Dividend – Rs. – 3.6000 CAREERP 24-Nov-23 Interim Dividend – Rs. – 1.0000
NATPEROX 21-Nov-23 Final Dividend – Rs. – 1.0000 DDEVPLASTIK 24-Nov-23 Interim Dividend – Rs. – 0.5000
ONGC 21-Nov-23 Interim Dividend – Rs. – 5.7500 ECOBOAR 24-Nov-23 E.G.M.
RMC 21-Nov-23 Interim Dividend – Rs. – 0.2000 EMSLIMITED 24-Nov-23 Interim Dividend – Rs. – 1.0000
SENCO 21-Nov-23 Interim Dividend – Rs. – 1.0000 ESABINDIA 24-Nov-23 Interim Dividend – Rs. – 32.0000
SUNTV 21-Nov-23 Interim Dividend – Rs. – 5.0000 GNFC 24-Nov-23 Buy Back of Shares
TALBROSENG 21-Nov-23 Interim Dividend – Rs. – 1.5000 GOLDIAM 24-Nov-23 Interim Dividend – Rs. – 1.2000
TIDEWATER 21-Nov-23 Interim Dividend – Rs. – 20.0000 GPTINFRA 24-Nov-23 Interim Dividend – Rs. – 1.0000
CRISIL 22-Nov-23 Interim Dividend – Rs. – 11.0000 INDAG 24-Nov-23 Interim Dividend – Rs. – 0.9000
HGIND 22-Nov-23 Amalgamation ISCITRUST 24-Nov-23 Income Distribution (InvIT)
INGERRAND 22-Nov-23 Interim Dividend – Rs. – 50.0000 LOKESHMACH 24-Nov-23 E.G.M.
IPCALAB 22-Nov-23 Interim Dividend – Rs. – 2.0000 MANAPPURAM 24-Nov-23 Interim Dividend – Rs. – 0.8500
NATIONALUM 22-Nov-23 Interim Dividend – Rs. – 1.0000 MORGANITE 24-Nov-23 Interim Dividend – Rs. – 28.0000
OIL 22-Nov-23 Interim Dividend – Rs. – 3.5000 NATCOPHARM 24-Nov-23 Interim Dividend – Rs. – 1.2500
PGIL 22-Nov-23 Interim Dividend – Rs. – 12.5000 NICCOPAR 24-Nov-23 Interim Dividend – Rs. – 0.3000
TDPOWERSYS 22-Nov-23 Interim Dividend – Rs. – 0.5000 PFC 24-Nov-23 Interim Dividend – Rs. – 4.5000
AMRUTANJAN 23-Nov-23 Interim Dividend – Rs. – 1.0000 RAVALSUGAR 24-Nov-23 Stock  Split From Rs.50/- to Rs.10/-
PGHL 23-Nov-23 Final Dividend – Rs. – 50.0000 RIDDHICORP 24-Nov-23 Interim Dividend – Rs. – 0.4900

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