The NIFTY opened at 19320.65 with a gap up of just 10 points. The index initially moved higher but found resistance quickly and started drifting downward. A decline found support near the previous day’s closing price and then the index started moving higher after recording its intraday low at 19296.30. The rally was slow and steady. Towards the end of trading session, prices started a consolidation process, recorded its intraday high at 19425.95, and finally closed at19393.60 with a gain of 8345 points or 0.43% up. All the sectoral indices have closed with gains today except MEDIA and OIL GAS, METAL and IT led the bulls today by closing over 15% higher followed by REALTY which ended with a gain of nearly 1%. The short-term trend is sideways. We have been tracking support around 19300 which is holding so far. Resistance is visible around 19700. Moreover, the index is also moving within a range of 19250-19500 for the past five trading days. This narrow movement should resolve very soon one way or the other.


The BANK NIFTY opened at 43952.85 with a gap up of 159 points. The index initially consolidated for about an hour and then broke in the upside after recording its intraday low at 43862. Prices have seen an upside move but saw a down move towards the end after recording its intraday high at 44113.80. The index finally closed at 43961.35 with a gain of 168 points. PSU BANK has underperformed, saw a sharp downside move, and ended with a loss of 0.71% PVT BANK has outperformed, saw a mild upside move, and closed with a gain of 0.48%. Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while HDFC BANK contributed the lowest. the index is roaming around its strong support zone 43500-44000. We may see a sharp move here soon.


BHEL 100.95 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 101.25 with a stop loss of 99.80 and a target of 103.90.
INDIAN HOTEL 379.40 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 378.05 with a stop loss of 381.70 and a target of 369.35.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
AXIS BANK  950 CE BUY 11.60 CMP 10.50 14.30 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GMRINFRA.23.08 Aug 55.7 4.21 5.75 1.27E+08 RELIANCE.23.08 Aug 2528 -1.07 7.21 29353000
DIXON.23.08 Aug 4925 3.8 9.8 1304600 PIIND.23.08 Aug 3742 -0.67 0.14 2177250
PERSISTENT.23.08 Aug 5027.6 3.34 1.59 915250 PVRINOX.23.08 Aug 1710.15 -0.67 2.19 3396822
AMBUJACEM.23.08 Aug 469 3.21 0.89 64701000 INDHOTEL.23.08 Aug 381 -0.47 2.18 19270000
ADANIPORTS.23.08 Aug 860.55 2.89 3.81 42729600 BRITANNIA.23.08 Aug 4517.5 -0.44 0.15 2603600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TATAPOWER.23.08 Aug 240.85 4.58 -0.71 80760375 HINDCOPPER.23.08 Aug 136.7 -2.91 -1.24 26669600
INDIACEM.23.08 Aug 245.95 3.32 -2.09 20894500 EXIDEIND.23.08 Aug 265.35 -0.88 -0.11 15890400
BHEL.23.08 Aug 101.1 2.95 -0.84 101199000 IBULHSGFIN.23.08 Aug 156.65 -0.76 -0.24 49296600
NMDC.23.08 Aug 118.75 2.9 -1.12 81661500 M&M.23.08 Aug 1544.25 -0.7 -0.02 14240100
GRANULES.23.08 Aug 299.2 2.87 -1.84 9896000 IDEA.23.08 Aug 7.6 -0.65 -0.22 775760000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Jk Cement Limited 3093.9 0.55 115577 181162 78.96 Nifty50 19393.6 0.43 103980
Bharti Airtel Limited 871.95 1.83 3220142 3604900 73.12 Niftybank 44002 0.34 103923
Hcl Technologies Ltd. 1179.25 0.47 1661946 2475218 72.67 Nifty it 30937.6 1.09 103923
Ultratech Cement Limited 8219.3 0.05 216794 192001 72.38 India Vix 11.96 -1.48 104208
Container Corp Of India 657.9 0.48 1406612 961536 72.38 Nifty Fmcg 51799 0.65 103923
Torrent Pharma Ltd. 1975.75 -0.24 312698 186757 71.81 Nifty Pharma 15333.35 0.41 103923
Bosch Limited 18263.25 -0.14 12593 13160 71.81 Nifty Realty 535.45 0.99 103923
Muthootfin 1261.75 1.62 312173 349891 67.55 Nifty Auto 15427.6 0.23 103923
Ntpc Limited 218.8 1.7 13336739 9488858 67.29 Nifty Metal 6578.4 1.3 103923
Power Grid Corporation o 247.2 2.57 6847145 6187342 67.11 Nifty Financial Services 19571.5 0.46 103923

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

  • Indian equity indices erased the previous session’s losses and ended higher on August 21, with the Nifty closing just below 19,400 led by buying across the sectors. At close, the Sensex was up 267.43 points or 0.41 percent at 65,216.09, and the Nifty was up 83.40 points or 0.43 percent at 19,393.60.

  • Jio Financial Services (JFS) made its debut on the bourses on August 21 as the second-largest listed NBFC after Bajaj Finance. As of the August 18 closing price, Bajaj Finance boasted of a market cap of Rs 4.15 lakh crore. Bajaj Finserv, which has a market cap of Rs 2.32 lakh crore, is more of a financial services holding company than an NBFC.

  • 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.

  • Titan’s Chief Financial Officer (CFO) Ashok Sonthalia on August 21 said that the company has no immediate plans to list its subsidiary CaratLane in the near future.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
CCCL A.G.M. 22-Aug-23 INDINFR General 24-Aug-23
LAL Issue Of Warrants 22-Aug-23 KIRANSY-B General 24-Aug-23
PRERINFRA General 22-Aug-23 LABELKRAFT A.G.M.;General 24-Aug-23
WSIND General 22-Aug-23 LNIND General;Scheme of Arrangement 24-Aug-23
ASHAI General 23-Aug-23 MPCOSEMB General 24-Aug-23
KAMAHOLD Interim Dividend 23-Aug-23 MYSPAPE Quarterly Results 24-Aug-23
MISHTANN Right Issue of Equity Shares 23-Aug-23 PADALPO General 24-Aug-23
NOVATEOR Increase in Authorised Capital;Issue Of Warrants;A.G.M. 23-Aug-23 SUPRAPFSL General;Preferential Issue of shares 24-Aug-23
PGHL Final Dividend;Audited Results 23-Aug-23 VISASTEEL General 24-Aug-23
PRESSURS General 23-Aug-23 ARNOLD A.G.M. 25-Aug-23
SHANTAI General 23-Aug-23 BERLDRG A.G.M. 25-Aug-23
SHRAJOI A.G.M. 23-Aug-23 BERYLSE A.G.M. 25-Aug-23
SPRAYKING A.G.M.;General 23-Aug-23 BODHTREE Quarterly Results 25-Aug-23
UJJIVAN Interim Dividend 23-Aug-23 GETALONG Preferential Issue of shares 25-Aug-23
VALECHAENG Quarterly Results 23-Aug-23 HAZOOR A.G.M.;General 25-Aug-23
VANICOM A.G.M.;General 23-Aug-23 ITL A.G.M.;General 25-Aug-23
ZINEMA General 23-Aug-23 JAFINANCE A.G.M. 25-Aug-23
ARL Increase in Authorised Capital;A.G.M. 24-Aug-23 MICROSE A.G.M.;General 25-Aug-23
BAMPSL A.G.M. 24-Aug-23 MNIL Issue Of Warrants 25-Aug-23
CONTCHM A.G.M.;General 24-Aug-23 NGIL A.G.M.;General 25-Aug-23
GHUSHINE A.G.M.;General 24-Aug-23 PARLEIND A.G.M.;General 25-Aug-23
GSBFIN General 24-Aug-23 POBS A.G.M. 25-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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
MNKCMILTD 22-Aug-23 Final Dividend – Rs. – 0.0300 ANDREWYU 24-Aug-23 Final Dividend – Rs. – 0.0070
MORGANITE 22-Aug-23 Final Dividend – Rs. – 11.0000 HAL 24-Aug-23 Final Dividend – Rs. – 15.0000
NATCOPHARM 22-Aug-23 Interim Dividend – Rs. – 7.0000 HEG 24-Aug-23 Final Dividend – Rs. – 42.5000
NHPC 22-Aug-23 Final Dividend – Rs. – 0.4500 MAYURUNIQ 24-Aug-23 Dividend – Rs. – 2.0000
PANAMAPET 22-Aug-23 Final Dividend – Rs. – 5.0000 MONTECARLO 24-Aug-23 Dividend – Rs. – 20.0000
SUBROS 22-Aug-23 Dividend – Rs. – 1.0000 RAILTEL 24-Aug-23 Final Dividend – Rs. – 1.0500
SUNTV 22-Aug-23 Interim Dividend – Rs. – 6.2500 SATIA 24-Aug-23 Interim Dividend – Rs. – 1.0000
TYCHE 22-Aug-23 Dividend – Rs. – 2.0000 TVSHLTD 24-Aug-23 Spin Off
VGIL 22-Aug-23 Bonus issue 1:1 UPSURGE 24-Aug-23 Interim Dividend – Rs. – 0.5000
VRL 22-Aug-23 Final Dividend – Rs. – 2.0000 ABB 25-Aug-23 Special Dividend – Rs. – 5.5000
ASTRAMICRO 23-Aug-23 Final Dividend – Rs. – 1.6000 ALKOSIGN 25-Aug-23 E.G.M.
BIRET 23-Aug-23 Income Distribution RITES DEEPAKFERT 25-Aug-23 Dividend – Rs. – 10.0000
CGCL 23-Aug-23 Final Dividend – Rs. – 0.5000 ECOPLAST 25-Aug-23 Dividend – Rs. – 1.5000
DHRUV 23-Aug-23 Interim Dividend ENGINERSIN 25-Aug-23 Final Dividend – Rs. – 1.0000
DSSL 23-Aug-23 Interim Dividend – Rs. – 0.5000 FDC 25-Aug-23 Buy Back of Shares

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