The NIFTY opened at 19627.20 with a gap up of 30 points. Initially, the index moved lower and filled the gap. After that, the index started a process of consolidation. The sideways movement broke on the downside and the index has seen a sharp decline. Prices have recorded its intraday low at 19533.10 and then bounced up but could not move much higher. The index found resistance around 19600 and spent the second half in a tight narrow range. The NIFTY finally closed at 19570.85 near yesterday’s closing price with a loss of just 26.45 points or 0.13% down. MEDIA and PHARMA outperformed  followed by BANK and FINANCIAL METAL underperformed and ended with a loss of over 1% followed by AUTO and FMCG. The short-term trend is sideways now. The last few days of narrow price action indicate a phase of contraction and after contraction comes expansion. We may see a sharp move soon here in either direction.


The BANK NIFTY opened at 44888.95 with a gap up of 55 points. The index initially moved lower, filled the gap, and then found support around the previous days closing price. The index recorded its intraday low at 44817.85 and then bounced up. Prices have seen a sharp rally and recorded its intraday high at 45096.85. After that the index started a consolidation process which lasted till the end. The index finally closed at 44982.90 with a gain of 149 points. PSU BANK has outperformed today, saw a sharp upside move, and ended with a gain of 3.37% PVT BANK has also moved up and ended with a gain of just 0.19%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. The short-term trend sideways now. The last two days of narrow movement suggest a sharp move is about to come in either direction. We should take a trade in the direction of a breakout.


FEDERAL BANK 135.45 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 135.75 with a stop loss of 134.85 and a target of 138.45.
ITC 452.35 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 450.95 with a stop loss of  454.55 and a target of 443.55.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BAJAJ FINANCE   7200 CE BUY 195 CMP 156.75 293.40 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BIOCON.23.08 Aug 274.45 4.02 4.29 34505000 TATACHEM.23.08 Aug 1007.25 -3.24 10.77 8674600
DIXON.23.08 Aug 4885 3.91 18.59 1405800 ADANIENT.23.08 Aug 2491 -3.02 2.79 12483300
SBILIFE.23.08 Aug 1362 3.76 15.9 9593250 POWERGRID.23.08 Aug 243.1 -2.6 3.46 43486200
HEROMOTOCO.23.08 Aug 3074.95 3.45 2.24 4346700 GODREJCP.23.08 Aug 1014.7 -2.32 4.86 8351000
MFSL.23.08 Aug 816.5 3.22 18.76 5221600 NAUKRI.23.08 Aug 4749 -2.31 4.38 1242900
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MANAPPURAM.23.08 Aug 144.3 4.95 -1.93 70440000 BALRAMCHIN.23.08 Aug 394.15 -2.88 -3.08 12656000
PEL.23.08 Aug 1014 3.51 -2.06 10219500 RAMCOCEM.23.08 Aug 844.9 -2.72 -4.77 3562350
BANKBARODA.23.08 Aug 195.8 2.59 -0.54 108991350 LICHSGFIN.23.08 Aug 434.5 -2.08 -1.52 23280000
BHEL.23.08 Aug 99.25 2.37 -0.36 113158500 GNFC.23.08 Aug 550.7 -2.02 -0.44 7571200
RECLTD.23.08 Aug 214.7 2.21 -1.82 75856000 ACC.23.08 Aug 2005.6 -1.9 -0.42 6321000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Petronet Lng Limited 225.35 -0.51 1777172 896524 77 Nifty50 19570.85 -0.13 99984
Dr. Reddys Lab Ltd 5657.95 0.48 597402 360064 72.02 Niftybank 44964.45 0.28 99927
Tata Consumer Products l 847.45 1.15 1252297 780512 70.56 Nifty it 30824.95 0.15 99927
Tata Consultancy Serv Lt 3470.6 -0.39 1634225 1289089 69.53 India Vix 11.32 2.03 103590
United Breweries Limited 1559.2 -1.52 127221 313235 68.8 Nifty Fmcg 51924.4 -0.28 99927
Bajaj Auto Limited 4650.15 -0.43 487053 295913 67.78 Nifty Pharma 15578.5 0.64 99927
Infosys Limited 1390.2 -0.2 4161877 2518019 67.52 Nifty Realty 541.35 -0.18 99927
Marico Limited 577.25 0.25 1282689 735505 65.63 Nifty Auto 15343.65 -0.31 99927
Hindustan Unilever Ltd 2565.85 -0.13 1002061 525232 65.34 Nifty Metal 6544.8 -1.17 99927
Bharti Airtel Limited 885.4 -0.67 3282856 2655498 64.98 Nifty Financial Services 20087.45 0.32 99927

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: M3 Money Supply on 09th August, 2023

INR: Interest Rate Decision on 10th August, 2023

USD: Initial Jobless Claims on 10th August, 2023

USD: CPI (YoY) (Jul) on 10th August, 2023

News Updates

  • The Indian benchmark indices erased some of the previous session’s gains to end lower after a volatile session on August 8, as investors turned cautious ahead of the RBI policy outcome. At close, the Sensex was down 106.98 points, or 0.16 percent, at 65,846.50, and the Nifty was down 26.50 points, or 0.14 percent, at 19,570.80. On the back of mixed global cues, the indices opened flat and erased early gains to close with moderate losses.

  • At Rs 1.85 lakh crore, mutual funds see highest quarterly inflows in 4 years in April-June The small cap category saw net inflows of Rs 10,937 crore in the first quarter, its highest-ever quarterly numbers, followed by the midcap category at Rs 4,735 crore.

  • Adani Ports and Special Economic Zone on August 8 reported a 82.57 percent rise in consolidated net profit to Rs 2,114.72 crore for the quarter ended June 2023 from Rs 1,158.28 crore reported last year. The company’s revenue from operations climbed 23.51 percent to Rs 6,247.55 crore from Rs 5,058.09 crore a year back. The company’s topline saw a positive impact from additional revenue generated by fresh acquisitions.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABBOTINDIA Quarterly Results 09-Aug-23 BLKASHYAP Quarterly Results 09-Aug-23
AGARWAL General;Quarterly Results 09-Aug-23 BLS Quarterly Results 09-Aug-23
AMS Quarterly Results 09-Aug-23 BLUECHIPT Quarterly Results;Dividend 09-Aug-23
ANGELONE General 09-Aug-23 BOMDYEING Quarterly Results 09-Aug-23
APOLLOFI A.G.M.;Quarterly Results 09-Aug-23 BPLPHARMA Quarterly Results 09-Aug-23
ASUTENT Quarterly Results 09-Aug-23 BRAWN Quarterly Results 09-Aug-23
ATVPR Quarterly Results 09-Aug-23 BRIDGESE Quarterly Results 09-Aug-23
AUSOMENT General;Quarterly Results 09-Aug-23 BRIGHTBR Quarterly Results 09-Aug-23
BABA Quarterly Results 09-Aug-23 BRPL Quarterly Results 09-Aug-23
BAJAJCON Quarterly Results 09-Aug-23 BSL Quarterly Results 09-Aug-23
BAJAJST Quarterly Results 09-Aug-23 BURNPUR Quarterly Results 09-Aug-23
BATAINDIA Quarterly Results 09-Aug-23 CARERATING Quarterly Results 09-Aug-23
BDH Quarterly Results 09-Aug-23 CHAMANSEQ Quarterly Results 09-Aug-23
BENGALS Quarterly Results 09-Aug-23 CHANDRIMA Quarterly Results 09-Aug-23
BERGEPAINT Bonus issue;Quarterly Results 09-Aug-23 CIFL Quarterly Results 09-Aug-23
BHARATFORG Quarterly Results 09-Aug-23 CINELINE Quarterly Results 09-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
DAAWAT 09-Aug-23 Interim Dividend – Rs. – 0.5000 LINDEINDIA 10-Aug-23 Final Dividend – Rs. – 4.5000
ICICIBANK 09-Aug-23 Final Dividend – Rs. – 8.0000 LUMAXIND 10-Aug-23 Final Dividend – Rs. – 27.0000
MSUMI 09-Aug-23 Final Dividend – Rs. – 0.6500 LUMAXTECH 10-Aug-23 Final Dividend – Rs. – 4.5000
SMLT 09-Aug-23 Final Dividend – Rs. – 1.0000 NITINCAST 10-Aug-23 Dividend – Rs. – 0.7500
WSTCSTPAPR 09-Aug-23 Final Dividend – Rs. – 10.0000 POWERINDIA 10-Aug-23 Final Dividend – Rs. – 3.4000
ZPPOLYSA 09-Aug-23 E.G.M. RAMAPHO 10-Aug-23 Final Dividend – Rs. – 1.0000
 MANINFRA 10-Aug-23 Interim Dividend – Rs. – 0.3600 SUNSHIEL 10-Aug-23 Final Dividend – Rs. – 2.0000
ADSL 10-Aug-23 Final Dividend – Rs. – 1.2500 THOMASCOOK 10-Aug-23 Dividend – Rs. – 0.4000
ALKEM 10-Aug-23 Final Dividend – Rs. – 10.0000 VAIBHAVGBL 10-Aug-23 Interim Dividend – Rs. – 1.5000
AVL 10-Aug-23 Final Dividend – Rs. – 7.5000 ANUHPHR 11-Aug-23 Final Dividend – Rs. – 2.0000
GOACARBON 10-Aug-23 Dividend – Rs. – 17.5000 BALKRISIND 11-Aug-23 Interim Dividend – Rs. – 4.0000
IRBINVIT 10-Aug-23 Income Distribution (InvIT) BANDHANBNK 11-Aug-23 Final Dividend – Rs. – 1.5000
JSWISPL 10-Aug-23 Amalgamation BHARTIARTL 11-Aug-23 Final Dividend – Rs. – 4.0000
JUBLINGREA 10-Aug-23 Final Dividend – Rs. – 2.5000 BHEL 11-Aug-23 Final Dividend – Rs. – 0.4000
JUBLPHARMA 10-Aug-23 Final Dividend – Rs. – 5.0000 BPCL 11-Aug-23 Dividend – Rs. – 4.0000
LINDEINDIA 10-Aug-23 Special Dividend – Rs. – 7.5000 CCL 11-Aug-23 Final Dividend – Rs. – 2.5000

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