The NIFTY opened at 18744.60 with a gap up of 28 points. The index could not sustain at the higher levels and started drifting downwards which found support sooner. The decline paused around 18700 and prices have bounced up after recording its intraday low at 17690. The index has seen a modest up move and crossed above early morning  highs. However, the index took a pause after that and went into consolidation. Prices have recorded its intraday high at 18769.70 and finally dosed at 18755.90 with a gain of 39.75 points or 0.21% up. The METAL outperformed today and closed with a gain of 1.49% followed by OIL GAS which ended nearly 1% higher. BANK, FINANCIAL, MEDIA, IT, and PHARMA underperformed and ended lower. The short-term trend is up. Support is visible around 18400-18450 while resistance is visible around 18750 which is the recent swing high. The narrow movement which prices are going through for the past few days should lead the index to a sharp move soon. However, the direction is unknown but we will follow the trend and try to catch that expansion.


The BANK NIFTY opened at 44181.65 with a gap up of 72 points. The index could not sustain at the higher levels and started drifting downwards from its opening tick. Prices recorded its intraday high at 44212.35 and saw a decline which found support around 44000. The Index formed a narrow trading range that lasted till the end. Prices have recorded its intraday low at 43956.15 and finally closed at 43964.80 with a loss of 145 points. PVT BANK has underperformed today, saw a mild down move, and ended with a loss of 0.37%. PSU BANK has outperformed today and closed with a gain of just 0.03%. Within the index, in terms of points, IDFC FIRST BANK contributed the highest on the upside while ICICI BANK contributed the lowest. The short-term trend is sideways as the index is moving within a range of 800 points from the past month inside 43700-44500. This narrow should resolve very soon one way or the other. We should wait for a breakout.


ZYDUS LIFESCIENCE 532.35 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 533.70 with a stop loss of 528.80 and a target of 543.50.
INDUSIND BANK 1323.25 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1319.85 with a stop loss of 1328.00 and a target of 1303.25.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
APOLLO HOSPITAL  5100 CE BUY 84.70 CMP 76.05 102.25 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RAIN.23.06 Jun 168.15 5.72 5.47 12085500 BANDHANBNK.23.06 Jun 253.4 -3.43 4.05 30999600
TATACONSUM.23.06 Jun 866.65 5.44 22.87 12144600 CANBK.23.06 Jun 305.75 -3.23 0.63 41269500
OBEROIRLTY.23.06 Jun 1016 3.24 1.16 5870900 IPCALAB.23.06 Jun 717.75 -2.78 7.04 4093050
ZYDUSLIFE.23.06 Jun 534 2.69 2.47 7399800 BALRAMCHIN.23.06 Jun 392.5 -2.65 5.15 8096000
TATACOMM.23.06 Jun 1623.35 2.66 12.88 4233000 HDFCAMC.23.06 Jun 1910.05 -2.44 19.26 3239100
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PETRONET.23.06 Jun 230.65 2.74 -7.73 12570000 RBLBANK.23.06 Jun 174.25 -2.71 -0.55 47050000
JSWSTEEL.23.06 Jun 776.2 2.11 -0.13 31445550 LTTS.23.06 Jun 3882 -1.79 -0.5 1026800
DEEPAKNTR.23.06 Jun 2115.5 2.1 -3.03 2145250 DELTACORP.23.06 Jun 244.5 -1.79 -2.62 17581200
IDEA.23.06 Jun 7.9 1.94 -0.6 499870000 AUROPHARMA.23.06 Jun 671.55 -1.75 -2.69 8890000
MGL.23.06 Jun 1053 1.93 -2.1 2120800 IEX.23.06 Jun 124 -1.67 -1.99 46638750


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Torrent Pharma Ltd. 1831.5 0.85 348887 572231 86.37 Nifty50 18755.9 0.21 72756
Container Corp Of India 662.3 1.73 1913190 3262812 81.73 Niftybank 43988 -0.21 72756
Maruti Suzuki India Ltd 9532.5 0.16 328122 448518 79.95 Nifty it 28855.05 -0.15 72756
Kotak Mahindra Bank Limi 1862 0.33 5577779 7511942 78.56 India Vix 11.16 0.47 72756
Larsen & Toubro Limited 2355.05 0.03 1013431 1296051 76.75 Nifty Fmcg 51767.9 0.59 72753
Sbi Cards And Payment Se 920.1 -0.66 508993 1333912 75.63 Nifty Pharma 12976.8 -0.13 72753
Mah & Mah Ltd. 1378.65 0.4 904847 1884972 74.9 Nifty Realty 522.15 0.28 72753
Sun Pharma  Ltd 988.45 0.04 2139178 1769354 73.32 Nifty Auto 14682.7 0.17 72753
Bharti Airtel Limited 827.95 -0.77 5108504 2349806 72.88 Nifty Metal 6214.75 1.42 72753
Hdfc Ltd. 2645.85 0 4680486 4001185 72.54 Nifty Financial Services 19418.3 -0.26 72753


   Domestic                                                                                                                                                  International
INR: Trade Balance on 15th June, 2023

INR: Deposit Growth on 16th June, 2023

 USD: Retail Sales (MoM) (May) on 15th June, 2023

USD: Philadelphia Fed Manufacturing Index (Jun) on 15th June, 2023


  • The market ended on a positive note for the third consecutive session on June 14 but with minor gains as investors remained sideways ahead of the Fed rate decision. At close, the Sensex was up 85.35 points or 0.14 percent at 63,228.51, and the Nifty was up 39.70 points or 0.21 percent at 18,755.90.

  • India’s markets regulator is unlikely to give special exemption to mutual funds if they breach the norms for maximum permitted holdings in a security after the merger of HDFC Bank and HDFC, two sources with direct knowledge of the matter told Reuters.

  • India’s wholesale prices sank deeper into the deflationary zone in May, data released on June 14 by the commerce ministry showed. The Wholesale Price Index (WPI) inflation fell to -3.48 percent from -0.92 percent in April, with a favourable base effect again playing a starring role.

  • JP Morgan reiterated its negative stance on the Information Technology (IT) sector on June 14, emphasising that every company will disappoint Street expectation in Q1 this fiscal, as also in the second half of FY24. The brokerage has placed IT majors like Infosys, TCS and Mphasis on a negative catalyst watch.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AMS General 15-Jun-23 MTPL General 17-Jun-23
ARIHCAPM General 15-Jun-23 SURAJLTD General 17-Jun-23
DPL Audited Results;Quarterly Results 15-Jun-23 CANFINHOME General 19-Jun-23
GEE Audited Results 15-Jun-23 DLCL Audited Results 19-Jun-23
INDSUCR Audited Results 15-Jun-23 GAL Audited Results;General 19-Jun-23
MRP Preferential Issue of shares 15-Jun-23 GANESHBE General 19-Jun-23
NAGARFERT Audited Results 15-Jun-23 KUMPFIN A.G.M. 19-Jun-23
RASSIREF Audited Results 15-Jun-23 NARSM Audited Results 19-Jun-23
SATIN General 15-Jun-23 NINSYS Bonus issue;Increase in Authorised Capital 19-Jun-23
SBLI Audited Results 15-Jun-23 PARSVNATH Audited Results;Dividend 19-Jun-23
SUPRAP General 15-Jun-23 REGENTRP General 19-Jun-23
ALFATRAN A.G.M.;Increase in Authorised Capital 16-Jun-23 ROSEMER Issue Of Warrants;General;Preferential Issue of shares 19-Jun-23
BCONCEPTS Preferential Issue of shares 16-Jun-23 SHIVAEXPO Audited Results 19-Jun-23
DEVIT General 16-Jun-23 SPAR General 19-Jun-23
MASTERTR Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares 16-Jun-23 ZGOLDINV Audited Results;General 19-Jun-23
MITSHI A.G.M. 16-Jun-23 MKEXIM General 20-Jun-23
POLYMAC Audited Results 16-Jun-23 SECURCRED General 20-Jun-23
SICAPIT General 16-Jun-23 ZBINTXPP General 20-Jun-23
UNISTRMU General;Quarterly Results 16-Jun-23 ZHINUDYP General 20-Jun-23
WORTH Preferential Issue of shares 16-Jun-23 WARDWIZFBL General;Preferential Issue of shares 21-Jun-23
CONSTRONIC General 17-Jun-23 TRIVENIGQ General 22-Jun-23
FILATFASH General;Preferential Issue of shares 17-Jun-23 UNQTYMI A.G.M.;General 22-Jun-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
DCBBANK 15-Jun-23 Final Dividend – Rs. – 1.2500 CRAFTSMAN 19-Jun-23 Final Dividend – Rs. – 11.2500
DJML 15-Jun-23 Final Dividend – Rs. – 0.1500 FUTSOL 19-Jun-23 Final Dividend – Rs. – 1.0000
TAHMARENT 15-Jun-23 Stock  Split From Rs.10/- to Rs.1/- HINDUNILVR 19-Jun-23 Final Dividend – Rs. – 22.0000
TCS 15-Jun-23 Final Dividend – Rs. – 24.0000 BANKINDIA 20-Jun-23 Dividend – Rs. – 2.0000
VAKRANGEE 15-Jun-23 Spin Off BLUESTARCO 20-Jun-23 Bonus issue 1:1
VBL 15-Jun-23 Stock  Split From Rs.10/- to Rs.5/- CEATLTD 20-Jun-23 Final Dividend – Rs. – 12.0000
VISAKAIND 15-Jun-23 Final Dividend – Rs. – 0.6000 CERA 20-Jun-23 Dividend – Rs. – 50.0000
ANGELONE 16-Jun-23 Final Dividend – Rs. – 4.0000 DREDGECORP 20-Jun-23 E.G.M.
AVANTEL 16-Jun-23 Final Dividend – Rs. – 1.0000 MFL 20-Jun-23 Final Dividend – Rs. – 2.5000
CRESSAN 16-Jun-23 Right Issue of Equity Shares MOL 20-Jun-23 Final Dividend – Rs. – 1.4000
EIMCOELECO 16-Jun-23 Final Dividend – Rs. – 5.0000 NEWGEN 20-Jun-23 Final Dividend – Rs. – 5.0000
HDFCLIFE 16-Jun-23 Final Dividend – Rs. – 1.9000 SAGCEM 20-Jun-23 Final Dividend – Rs. – 0.7000
HIGHENE 16-Jun-23 Final Dividend – Rs. – 3.5000 GULPOLY 21-Jun-23 Bonus issue 1:5
PEL 16-Jun-23 Final Dividend – Rs. – 31.0000 INDIAMART 21-Jun-23 Bonus issue 1:1
PFC 16-Jun-23 Final Dividend – Rs. – 4.5000 OBEROIRLTY 21-Jun-23 Final Dividend – Rs. – 4.0000
SHRIRAMFIN 16-Jun-23 Final Dividend – Rs. – 20.0000 PANCARBON 21-Jun-23 Dividend – Rs. – 12.0000
SMCGLOBAL 16-Jun-23 Final Dividend – Rs. – 1.2000 POLYCAB 21-Jun-23 Dividend – Rs. – 20.0000
TORNTPOWER 16-Jun-23 Final Dividend – Rs. – 4.0000 SHREDIGCEM 21-Jun-23 Final Dividend – Rs. – 2.5000
WELCORP 16-Jun-23 Final Dividend – Rs. – 5.0000 SUPREMEIND 21-Jun-23 Final Dividend – Rs. – 20.0000
WIPRO 16-Jun-23 Buy Back of Shares VIMTALABS 21-Jun-23 Final Dividend – Rs. – 2.0000
ACGL 19-Jun-23 Final Dividend – Rs. – 15.0000 EMUDHRA 22-Jun-23 Final Dividend – Rs. – 1.2500
ASHCAP 19-Jun-23 Bonus issue 1:2 RAINBOW 22-Jun-23 Final Dividend – Rs. – 3.0000

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