The NIFTY opened at 18655.90 with a gap up of 21 points. The index could not sustain at the higher levels and started drifting downward from the opening tick. The index recorded its intraday high at 1867665 within the first 10 minutes of trading and moved down below 18600. The decline continued till the end. Prices have recorded its intraday low at 18555.40 and spent the last hour moving sideways. The Index finally closed at 18563.40 with a loss of 71.15 points or 0.38% down. All the sectoral indices have moved down today and closed with a loss except REALTY.FMCG, IT, and MEDIA led the bears and ended with a loss of nearly 1% followed by AUTO, METAL, and OIL GAS. Resistance is now visible around 18750 which is the recent swing high. As far as prices are moving within the 18450-18650 range, we should consider trading intraday only on both sides of the market.


the BANK NIFTY opened at 44045.75 with a minor gap up just 38 points. The index initially moved lower but found support around yesterday’s low. Prices then bounced up and came into positive territory but found resistance around 44200. Another decline came towards the end. Prices have recorded its intraday high at 44220.10, intraday low at 43932.60, and finally closed at 43990.60 with a loss of just 17 points. PSU BANK underperformed today, saw a sharp downside move, and closed with a loss of 1.21%. PVT BANK outperformed today and closed with gains of just 0.23%. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while SBIN contributed the lowest. We have been tracking a trading range inside 43700-44500. This narrow range remained intact so far and should resolve very soon one way or the other. The short-term trend is sideways. As far as prices are moving above 43700, we should look for buying only.


SAMVARDHAN MOTHERSON 81.75 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 81.75 with a stop loss of 78.20 and a target of 91.55.
TCS 3209.30 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 3204.00 with a stop loss of  3252.15 and a target of 3083.70.


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
NTPC.23.06 Jun 183.25 2.78 9.04 76123500 IEX.23.06 Jun 137.1 -8.45 14.81 47996250
JSWSTEEL.23.06 Jun 753.65 2.57 3.21 31175550 INDHOTEL.23.06 Jun 382.1 -3.74 4.89 18072000
HAL.23.06 Jun 3514.9 1.51 5.64 3804300 NAVINFLUOR.23.06 Jun 4593.9 -3.05 1.8 629400
INDIGO.23.06 Jun 2451.25 0.95 1.7 3100200 KOTAKBANK.23.06 Jun 1882.75 -2.83 3.21 31806000
ALKEM.23.06 Jun 3452.6 0.59 1.76 626000 INDUSTOWER.23.06 Jun 158.35 -2.79 2.59 63506800
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
DIXON.23.06 Jun 4057.15 3.08 -7.52 906875 IDEA.23.06 Jun 7.45 -4.49 -0.41 505680000
MCX.23.06 Jun 1544.25 2.6 -11.86 1329200 HINDPETRO.23.06 Jun 266.7 -4.03 -3.41 20279700
BHARATFORG.23.06 Jun 821.4 1.26 -6.67 8252000 INDIACEM.23.06 Jun 215.95 -3.62 -6.97 17701600
TATAPOWER.23.06 Jun 222 1.19 -5.73 78779250 GRASIM.23.06 Jun 1722.05 -3.04 -0.54 11644625
POWERGRID.23.06 Jun 243.2 1.14 -1.11 31139100 SUNTV.23.06 Jun 450 -2.86 -3.09 8712000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Coromandel International 931.75 -2.88 645957 1219237 85.67 Nifty50 18563.4 -0.38 30018096
Sun Pharma  Ltd 983.95 -0.31 2306206 2539064 74.77 Niftybank 43989 -0.01 12682019
Voltas Ltd. 777.95 -3.35 2202969 714127 74.5 Nifty it 28355.35 -0.82 880047
Larsen & Toubro Limited 2363 0.97 2501720 1882185 73.61 India Vix 11.12 -1.24 498970396
Dr. Reddys Lab Ltd 4666.8 0.37 216940 176116 73.17 Nifty Fmcg 50674.85 -0.92 381017
Dabur India Ltd. 549.95 -0.39 2146305 1203945 72.94 Nifty Pharma 12861.05 -0.39 43325291
Tech Mahindra Limited 1063.05 -0.77 2782697 2797843 69.01 Nifty Realty 498.45 0.04 1117396346
United Spirits Limited 888.2 1.97 1041577 568975 68.8 Nifty Auto 14626 -0.45 38050171
Tata Consultancy Serv Lt 3209.3 -0.84 1775689 1190503 67.67 Nifty Metal 6039.35 -0.47 92087060
Cipla Ltd 969.25 0.4 717024 987768 66.67 Nifty Financial Services 19411.8 -0.13 6239006


   Domestic                                                                                                                                                  International
INR: CPI (YoY) (May) on 12th June, 2023

INR: Manufacturing Output (MoM) (Apr) on 12th June, 2023

USD: CPI (MoM) (May) on 13th June, 2023

USD: PPI (MoM) (May) on 14th June, 2023


  • Indian benchmark indices ended lower for the second consecutive session on June 9 with Nifty below 18600. At close, the Sensex was down 223.01 points or 0.35% at 62,625.63, and the Nifty was down 71.10 points or 0.38% at 18,563.40. About 1705 shares advanced, 1727 shares declined, and 107 shares unchanged.

  • Venture capital firm Sequoia Capital will sell up to 10.18 percent stake which it holds in Go Fashion, the parent entity of Indian clothing brand Go Colors, via a block deal. The floor price for the stake sale will be Rs 1,135 per share, the persons privy to the development told the news channel. This would mark a discount of 5 percent as compared to the last closing price. The total size of the block deal will be Rs 624 crore.

  • Moody’s on Sunday said the Indian economy is expected to clock a 6-6.3 per cent growth in June quarter, and flagged risks of fiscal slippage arising from weaker-than-expected government revenues in the current fiscal. Moody’s growth estimate is lower than the 8 per cent projection for the first quarter made by the Reserve Bank last week.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ALAN SCOTT Rights Issue 12-Jun-23 SANINFRA General 13-Jun-23
BALKRISHNA Right Issue of Equity Shares;Preferential Issue of shares 12-Jun-23 SECURCRED General 13-Jun-23
MENAMANI General;Stock  Split 12-Jun-23 SPMLINFRA Audited Results;Quarterly Results 13-Jun-23
PSB General 12-Jun-23 SRESTHA Increase in Authorised Capital;General 13-Jun-23
SATIN General 12-Jun-23 VIDLI General 13-Jun-23
SEACOAST Right Issue of Equity Shares;General 12-Jun-23 BLUECLOUDS General 14-Jun-23
SHARPLINE Preferential Issue of shares 12-Jun-23 HRMNYCP General 14-Jun-23
TEEAI General 12-Jun-23 INDAGIV Audited Results 14-Jun-23
UNISTRMU General;Quarterly Results 12-Jun-23 INDRANIB Audited Results 14-Jun-23
UNQTYMI General;A.G.M. 12-Jun-23 INDRENEW Right Issue of Equity Shares 14-Jun-23
USHDI Audited Results 12-Jun-23 RAWEDGE General 14-Jun-23
VIJAYTX Audited Results 12-Jun-23 VTMLTD General 14-Jun-23
FOODSIN General 13-Jun-23 AMS General 15-Jun-23
MADHAVIPL Audited Results 13-Jun-23 ARIHCAPM General 15-Jun-23
NUTRICIRCLE General 13-Jun-23 DPL Audited Results;Quarterly Results 15-Jun-23
SALEM General;A.G.M. 13-Jun-23 GEE Audited Results 15-Jun-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
APCOTEXIND 12-Jun-23 Final Dividend – Rs. – 3.5000 DJML 15-Jun-23 Final Dividend – Rs. – 0.1500
CYIENT 12-Jun-23 Final Dividend – Rs. – 16.0000 TCS 15-Jun-23 Final Dividend – Rs. – 24.0000
ICICIGI 12-Jun-23 Final Dividend – Rs. – 5.5000 VAKRANGEE 15-Jun-23 Spin Off
INDIANB 12-Jun-23 Final Dividend – Rs. – 8.6000 VBL 15-Jun-23 Stock  Split From Rs.10/- to Rs.5/-
IONEXCHANG 12-Jun-23 Stock  Split From Rs.10/- to Rs.1/- VISAKAIND 15-Jun-23 Final Dividend – Rs. – 0.6000
RIIL 12-Jun-23 Dividend – Rs. – 3.5000 ANGELONE 16-Jun-23 Final Dividend – Rs. – 4.0000
TATAINVEST 12-Jun-23 Final Dividend – Rs. – 48.0000 AVANTEL 16-Jun-23 Final Dividend – Rs. – 1.0000
DIAMINESQ 13-Jun-23 Final Dividend – Rs. – 3.0000 EIMCOELECO 16-Jun-23 Final Dividend – Rs. – 5.0000
JINDALSAW 13-Jun-23 Final Dividend – Rs. – 3.0000 HDFCLIFE 16-Jun-23 Final Dividend – Rs. – 1.9000
LKPFIN 13-Jun-23 Final Dividend – Rs. – 1.0000 HIGHENE 16-Jun-23 Final Dividend – Rs. – 3.5000
LKPSEC 13-Jun-23 Final Dividend – Rs. – 0.1000 PEL 16-Jun-23 Final Dividend – Rs. – 31.0000
CANBK 14-Jun-23 Dividend – Rs. – 12.0000 PFC 16-Jun-23 Final Dividend – Rs. – 4.5000
SHANKARA 14-Jun-23 Final Dividend – Rs. – 2.5000 SHRIRAMFIN 16-Jun-23 Final Dividend – Rs. – 20.0000
TATACHEM 14-Jun-23 Final Dividend – Rs. – 17.5000 SMCGLOBAL 16-Jun-23 Final Dividend – Rs. – 1.2000
UDAICEMENT 14-Jun-23 Right Issue of Equity Shares TORNTPOWER 16-Jun-23 Final Dividend – Rs. – 4.0000
DCBBANK 15-Jun-23 Final Dividend – Rs. – 1.2500 WELCORP 16-Jun-23 Final Dividend – Rs. – 5.0000

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