The NIFTY opened at 17761.55 with a gap up of just 18 points. The index initially moved lower for the first few minutes of trading and then bounced up. Prices have recorded its intraday low at 17716.85 and saw a sharp intraday rally towards 7800. The index reached there and then started facing resistance. The NIFTY started a consolidation process and recorded its intraday high at 17807.45. Prices have finally closed at 17769.25 with a gain of just 25.85 points or 0.15% up. The METAL, OIL GAS, and REALTY outperformed today and closed with a gain followed by MEDIA underperformed today and ended with a loss of 0.72% followed by FINANCIAL and IT. The support is now visible around 17550 which is also the recent swing lows while resistance may emerge around 17800. We should look for buying.


The BANK NIFTY opened at 42731.60 with a gap up of 90 points. The index initially moved lower but soon found support after filling the gap and turned up. Prices have recorded its intraday low at 42601.50 and saw a modest rally. However, the up move faced resistance soon and then the index formed a consolidation which lasted till the end. The index recorded its intraday high at 42865.55 and finally closed at 42654.15 with a gain of just 13 points. PSU BANK has outperformed today, saw a sharp intraday rally, and closed with a gain of 1.31%. PVT BANK has also moved up today and closed with a gain of 0.12%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while HDFC BANK contributed the lowest. Support is now visible around 42000 which is also the recent swing low while resistance is visible around 43000. As far as prices are trading above 42000, we should look for buying only on any dip or consolidation breakout.


HAVELLS 1215.90 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1218.15 with a stop loss of 1206.75 and a target of 1237.80.
HDFC BANK 1664.15 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1661.90 with a stop loss of 1671.25 and a target of 1642.55.


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
MARICO.23.04 Apr 490.65 3.21 13.77 8300400 CROMPTON.23.04 Apr 261 -11.31 21.84 4543500
BRITANNIA.23.04 Apr 4414 2.12 1.33 1035200 IPCALAB.23.04 Apr 744.95 -9.99 4.5 1749150
INDUSINDBK.23.04 Apr 1121.05 1.53 8.35 16408350 ICICIPRULI.23.04 Apr 434.2 -1.96 1.93 10222500
VEDL.23.04 Apr 279.05 1.34 3.51 20622000 HDFC.23.04 Apr 2751.05 -1.29 4.78 16338900
TORNTPHARM.23.04 Apr 1639.05 1.18 34.5 1902500 NMDC.23.04 Apr 108.35 -1.28 3.38 34645500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ABB.23.04 Apr 3341.6 3.98 -14.14 958250 HDFCLIFE.23.04 Apr 530.3 -2.96 -10.25 8822000
SHRIRAMFIN.23.04 Apr 1431.5 2.49 -15.55 2638800 ZEEL.23.04 Apr 187.55 -2.82 -14.14 35562000
ASHOKLEY.23.04 Apr 139.95 2.38 -5.73 45000000 GODREJCP.23.04 Apr 965.15 -2.64 -9.44 4373000
ADANIENT.23.04 Apr 1848.65 2.3 -24.49 4806000 UPL.23.04 Apr 712.95 -2.29 -25.01 6415500
BAJFINANCE.23.04 Apr 6075.7 2.23 -13.05 3122625 HONAUT.23.04 Apr 35375.85 -1.77 -4.11 11550


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2490.45 -0.37 1701098 1379522 79.47 Nifty50 17769.25 0.15 88347
Marico Limited 489.75 3.12 3869120 1577986 77.21 Niftybank 42678.5 0.1 88347
Dabur India Ltd. 526.4 0.3 965836 1805098 75.24 Nifty it 26985.8 -0.1 88347
Torrent Pharma Ltd. 1642.3 1.29 363645 349115 75.22 India Vix 11.52 -1.29 88341
Infosys Limited 1224.9 -0.11 6808576 6113775 73.54 Nifty Fmcg 47051.85 0.23 88347
Bharti Airtel Limited 772.6 1.62 5773233 3820840 72.49 Nifty Pharma 12456.6 0.02 88347
Maruti Suzuki India Ltd 8468.9 0.03 906406 382948 70.43 Nifty Realty 430.1 0.49 88347
Power Grid Corporation o 232.9 0.41 6254028 2922345 68.06 Nifty Auto 12904.55 0.09 88347
Cipla Ltd 909.65 0.74 2440358 1168985 65.49 Nifty Metal 5738.25 0.61 88347
Tata Consultancy Serv Lt 3176 0.04 2024090 1072692 65.38 Nifty Financial Services 18961.85 -0.16 88347


   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (Mar) on 28th April, 2023

INR: Infrastructure Output (YoY) (Mar) on 28th April, 2023

 USD: Core Durable Goods Orders (MoM) (Mar) on 26th April, 2023

USD: Crude Oil Inventories on 26th April, 2023


  • Benchmark indices ended on a positive note in a volatile session on April 25. Bajaj Finance, Adani Enterprises, Britannia Industries, Bajaj Finserv and IndusInd Bank were among the major gainers on the Nifty, while losers included HDFC Life, UPL, HDFC Bank, HDFC and Tech Mahindra.

  • Tata Consumer Products on April 25 reported consolidated net profit for the quarter ended March 2023 at Rs 268.59 crore, up 23.46 percent from Rs 217.54 crore in the same quarter last year. Revenue from operation came in at Rs 3,618.73 crore, registering a growth of 13.96 percent from Rs 3,175.41 crore in the year ago quarter, the company said in a regulatory filing..

  • The Mankind Pharma public issue kept analysts bullish all along the course of its launch today to garner Rs 4,326 crore. Mankind Pharma Ltd (MPL) develops and manufactures formulations across various acute and chronic therapeutic areas and owns a host of consumer healthcare brands. MPL has around 36 brands in its kitty, including Manforce, Prega News, Unwanted -72, Moxikind and Nurokind, with many of them featuring in the Top 10 league in the covered markets. Perhaps the strongest point for the company is that it is almost entirely focussed on the domestic market with 97.6 percent of sales coming from India.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADESHWAR General 26-Apr-23 LTTS Audited Results;Final Dividend 26-Apr-23
ANSHNCO Audited Results;Quarterly Results 26-Apr-23 MARUTI Audited Results;Final Dividend 26-Apr-23
BAJFINANCE Audited Results;Final Dividend 26-Apr-23 MODWOOL Audited Results;Quarterly Results 26-Apr-23
BALASORE Audited Results 26-Apr-23 MRP Audited Results 26-Apr-23
BIOCON General 26-Apr-23 OFSS Audited Results;Dividend 26-Apr-23
CANFINHOME Audited Results;Final Dividend 26-Apr-23 POONAWALLA Audited Results;Final Dividend 26-Apr-23
HARDWYN Bonus issue;Increase in Authorised Capital;Stock  Split;General 26-Apr-23 SBILIFE Audited Results 26-Apr-23
HDFCLIFE Audited Results;Final Dividend 26-Apr-23 SHOPERSTOP Audited Results;Quarterly Results;General 26-Apr-23
IIFL Audited Results;General 26-Apr-23 SPLPETRO Audited Results;Final Dividend 26-Apr-23
INDUSTOWER Audited Results;Quarterly Results 26-Apr-23 SYNGENE Audited Results;Final Dividend 26-Apr-23
INVPRECQ Audited Results;Final Dividend 26-Apr-23 TANLA Audited Results;Final Dividend 26-Apr-23
JTLIND Audited Results;Final Dividend 26-Apr-23 UNIONBANK General 26-Apr-23
KPITTECH Audited Results;Final Dividend 26-Apr-23 UTIAMC Audited Results;General;Final Dividend 26-Apr-23
LKPSEC Audited Results;Final Dividend 26-Apr-23 VOLTAS Audited Results;Final Dividend 26-Apr-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SACHEMT 26-Apr-23 E.G.M. APOLLO 04-May-23 Stock  Split From Rs.10/- to Rs.1/-
VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500 CASTROLIND 04-May-23 Final Dividend – Rs. – 3.5000
ABB 27-Apr-23 Dividend – Rs. – 5.5000 CRISIL 04-May-23 Interim Dividend – Rs. – 7.0000
HCLTECH 28-Apr-23 Interim Dividend – Rs. – 18.0000 FRUTION 04-May-23 E.G.M.
JOSTS 28-Apr-23 Stock  Split From Rs.5/- to Rs.2/- PHYTO 04-May-23 E.G.M.
JSL 28-Apr-23 Special Dividend – Rs. – 1.0000 RKFORGE 09-May-23 Interim Dividend
KSB 28-Apr-23 Final Dividend – Rs. – 15.0000 MINDSPACE 10-May-23 Income Distribution RITES
RAJOOENG 28-Apr-23 E.G.M. APTUS 12-May-23 Interim Dividend
SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000 RISHYRN 12-May-23 E.G.M.
SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000 TATACOFFEE 15-May-23 Dividend – Rs. – 3.0000
SERA 28-Apr-23 Stock  Split From Rs.10/- to Rs.2/- VISAKAIND 15-May-23 Stock  Split From Rs.10/- to Rs.2/-
SPRAYKING 28-Apr-23 Bonus issue 2:3 HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000
ELANTAS 02-May-23 Dividend – Rs. – 5.0000 RCL 31-May-23 Stock  Split From Rs.10/- to Rs.1/-
STOVACQ 02-May-23 Final Dividend – Rs. – 47.0000 INFY 02-Jun-23 Final Dividend – Rs. – 17.5000

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