The NIFTY opened at 19784 without any gap. The index initially moved higher but found resistance before reaching 19850 and turned down after recording its intraday high at 19825.55. A sharp decline took place which took prices almost 19700. However, the index could not breach its and bounced up sharply after recording its Intraday low at 19703.85 in the afternoon. The index has seen a sharp recovery towards the end and erased all the losses. Prices have finally closed at 19811.85 above its opening tick and near Its intraday highs with a gain of just 28.45 points or 0.14% up. AUTO, IT, and PHARMA outperformed and closed with a gain of over half percent followed by FMCG and OIL GAS. METAL and MEDIA underperformed and closed with a loss of nearly one percent followed by REALTY and BANK. The short-term trend is still up. Support is visible around 19500 while resistance is visible around 19850. The index is now moving very near to its resistance level. We may see a breakout very soon one way or the other.


The BANK NIFTY opened at 43663.60 with a minor gap down of just 31 points. The index initially moved downwards after recording its intraday high at 43692.50 in its initial trades. A sharp decline came which took prices below 43300. However, the index found strong support there, formed a trading range, and eventually broke higher. The index has seen some recovery towards the end after recording its intraday low at 43230.95 and finally closed at 43460.95 with a loss of 234 points. PSU BANK has underperformed, saw a sharp down move, and closed with a loss of 1.11%. PVT BANK has also moved down and ended with a loss of 0.64%. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. The short-term trend is now down. Prices have broken down 43400 supports but ended above this level. So, the 43400 level is still acting as a support while resistance is visible around 44400.


ITC 439.70 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 440.00 with a stop loss of 434.65 and a target of 449.95.
BERGER PAINT 569.65 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 568.80 with a stop loss of 575.45 and a target of 556.80.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SBIN  560 CE BUY 6.30 CMP 5.35 9.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BPCL.23.11 Nov 402.15 3.45 14.41 29804400 ABB.23.11 Nov 4244.3 -2.5 0.96 1317375
BALRAMCHIN.23.11 Nov 463.15 2.92 3.45 9176000 DALBHARAT.23.11 Nov 2162.45 -2.35 3.81 2119500
AUROPHARMA.23.11 Nov 1056.75 2.66 1.99 18691200 INDUSINDBK.23.11 Nov 1469.7 -2.22 5.86 22776000
JUBLFOOD.23.11 Nov 531.55 2.49 0.75 20292500 IDEA.23.11 Nov 13.55 -2.17 2.52 1232320000
CHOLAFIN.23.11 Nov 1125.4 1.61 1.65 13397500 PNB.23.11 Nov 76.6 -1.92 2.47 236976000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BHARATFORG.23.11 Nov 1098.9 1.8 -3.12 6560500 GNFC.23.11 Nov 691.85 -2.29 -1.12 8161400
POWERGRID.23.11 Nov 212.35 1.29 -0.66 60498000 BERGEPAINT.23.11 Nov 571.85 -2.16 -6.73 7117440
BHEL.23.11 Nov 141.4 1.11 -1.18 91659750 PVRINOX.23.11 Nov 1659.6 -1.85 -0.66 5595436
UBL.23.11 Nov 1602.9 0.9 -0.3 3016800 CANFINHOME.23.11 Nov 767.65 -1.72 -1.48 3557775
BIOCON.23.11 Nov 236.25 0.81 -11.85 29297500 OBEROIRLTY.23.11 Nov 1382.95 -1.71 -2.29 7229600

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bajaj Auto Limited 5751.55 1.15 497403 600337 80.45 Nifty50 19811.85 0.14 32705090
Power Grid Corporation o 211.6 1.27 13079580 7325372 76.24 Niftybank 43449.6 -0.55 14870885
Hindustan Unilever Ltd 2521.9 0.66 816610 827825 76.03 Nifty it 32564.4 0.74 642961
Tata Consultancy Serv Lt 3530.15 0.57 1798051 1360143 75.26 India Vix 11.86 -3.03 532428717
Itc Ltd. 439.7 0.79 4886687 4470531 74.54 Nifty Fmcg 52691.2 0.43 218793
Bharti Airtel Limited 969.75 -0.11 3309732 4209688 73.79 Nifty Pharma 16069.8 0.63 40285751
Infosys Limited 1457.8 1.31 3108786 2781972 73.34 Nifty Realty 693.95 -0.69 929942245
Dabur India Ltd. 541 0.03 680568 985838 71.45 Nifty Auto 16972.2 0.66 38210606
Maruti Suzuki India Ltd 10494.55 -0.39 378891 223044 71.43 Nifty Metal 6792.65 -0.9 94832995
The Ramco Cements 972.95 -0.91 413704 309329 71.4 Nifty Financial Services 19566.3 -0.23 4236538

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 24th November, 2023

INRGDP Quarterly (YoY) (Q2) on 30th October, 2023

USD: Services PMI (Nov)on 23rd November, 2023

USD: New Home Sales (Oct) on 27th November, 2023

News Updates

  • Benchmark indices ended higher with Nifty above 19,800. At close, the Sensex was up 92.47 points or 0.14 percent at 66,023.24, and the Nifty was up 28.40 points or 0.14 percent at 19,811.80. About 1581 shares advanced, 1981 shares declined, and 133 shares unchanged.

  • The initial public offer (IPO) of Tata group firm, Tata Technologies, is off to a flying start with the issue being subscribed over three times within the first few hours of opening on November 22. A day before the issue opened for institutional and individual buyers, the anchor quota of the IPO of the global engineering services firm raised a total of Rs 791 crore from 67 investors through the anchor book.

  • State-run Gandhar Oil Refinery’s 198-crore initial public offering (IPO) was fully subscribed on day 1, with bids coming in for 89 million shares as against a total of 21 million offered shares. The public issue was subscribed by a total of 4.2 times (x) led by retail and non-institutional investors (NIIs), as of 3:15 pm. While NIIs booked 5.56x of the public issue, retail investors booked 5.23x, data suggested.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AXITA Bonus issue;General 23-Nov-23 CELLO Quarterly Results 25-Nov-23
BANASFN General 23-Nov-23 GEE Audited Results 25-Nov-23
BRAHMINFRA Quarterly Results 23-Nov-23 AMBOAGRI Half Yearly Results 27-Nov-23
CWD Issue Of Warrants;General 23-Nov-23 ESSENTIA Increase in Authorised Capital;General;Bonus issue 27-Nov-23
FORINTL General 23-Nov-23 FRANKLININD General 27-Nov-23
HIMFIBP General 23-Nov-23 JAINCO General 27-Nov-23
KLRFM Dividend 23-Nov-23 KINGSINFR General;Preferential Issue of shares 27-Nov-23
TAHMARENT General;Preferential Issue of shares 23-Nov-23 NEWGEN Bonus issue 27-Nov-23
TOYAMSL Quarterly Results 23-Nov-23 NITINFIRE Audited Results 27-Nov-23
CMMHOSP General 24-Nov-23 OKPLA Preferential Issue of shares 27-Nov-23
EASTWEST General 24-Nov-23 SMARTFIN General 27-Nov-23
GANECOS General;Preferential Issue of shares;Rights Issue 24-Nov-23 BALGOPAL General 28-Nov-23
KERALAYUR Preferential Issue of shares 24-Nov-23 PODDAR Quarterly Results 28-Nov-23
KHADIM Issue Of Warrants 24-Nov-23 RAWEDGE General 28-Nov-23
MARUTI General;Preferential Issue of shares 24-Nov-23 REGTRUS General 28-Nov-23
PNBHOUSING General 24-Nov-23 SIEMENS Audited Results;Final Dividend 28-Nov-23
RITCO General 24-Nov-23 SPECFOOD General 28-Nov-23
STANCAP Bonus issue;Stock  Split 24-Nov-23 BINNYMILLS General 29-Nov-23
TCMLMTD General 24-Nov-23 BPCL Interim Dividend 29-Nov-23
VISTARAMAR General 24-Nov-23 PVVINFRA General 29-Nov-23
WARDINMOBI General 24-Nov-23 SUPRAPFSL General 29-Nov-23
AYOME General 25-Nov-23 GENNEX Increase in Authorised Capital;Preferential Issue of shares 02-Dec-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AMRUTANJAN 23-Nov-23 Interim Dividend – Rs. – 1.0000 NATCOPHARM 24-Nov-23 Interim Dividend – Rs. – 1.2500
PGHL 23-Nov-23 Final Dividend – Rs. – 50.0000 NICCOPAR 24-Nov-23 Interim Dividend – Rs. – 0.3000
PREMCO 23-Nov-23 Interim Dividend – Rs. – 3.0000 PFC 24-Nov-23 Interim Dividend – Rs. – 4.5000
SHAILY 23-Nov-23 Stock  Split From Rs.10/- to Rs.2/- RAVALSUGAR 24-Nov-23 Stock  Split From Rs.50/- to Rs.10/-
AVANTEL 24-Nov-23 Bonus issue 2:1 RIDDHICORP 24-Nov-23 Interim Dividend – Rs. – 0.4900
BMW 24-Nov-23 Interim Dividend – Rs. – 0.2200 SHINDL 24-Nov-23 Interim Dividend – Rs. – 0.2500
CAREERP 24-Nov-23 Interim Dividend – Rs. – 1.0000 TCS 24-Nov-23 Buy Back of Shares
DDEVPLASTIK 24-Nov-23 Interim Dividend – Rs. – 0.5000 UNIPARTS 24-Nov-23 Interim Dividend – Rs. – 8.0000
ECOBOAR 24-Nov-23 E.G.M. XTGLOBAL 24-Nov-23 Interim Dividend – Rs. – 0.0500
EMSLIMITED 24-Nov-23 Interim Dividend – Rs. – 1.0000 SEPC 28-Nov-23 Right Issue of Equity Shares
ESABINDIA 24-Nov-23 Interim Dividend – Rs. – 32.0000 TALBROAUTO 28-Nov-23 Interim Dividend – Rs. – 0.2000
GNFC 24-Nov-23 Buy Back of Shares VSL 28-Nov-23 Interim Dividend – Rs. – 0.0500
GOLDIAM 24-Nov-23 Interim Dividend – Rs. – 1.2000 DATAINFRA 29-Nov-23 Income Distribution (InvIT)
GPTINFRA 24-Nov-23 Interim Dividend – Rs. – 1.0000 MLKFOOD 29-Nov-23 Interim Dividend – Rs. – 2.5000
INDAG 24-Nov-23 Interim Dividend – Rs. – 0.9000 GUJINV 30-Nov-23 E.G.M.
ISCITRUST 24-Nov-23 Income Distribution (InvIT) THEBYKE 30-Nov-23 E.G.M.
LOKESHMACH 24-Nov-23 E.G.M. NITINCAST 01-Dec-23 E.G.M.
MANAPPURAM 24-Nov-23 Interim Dividend – Rs. – 0.8500 JYOTISTRUC 04-Dec-23 E.G.M.
MORGANITE 24-Nov-23 Interim Dividend – Rs. – 28.0000 PANCHSHEEL 04-Dec-23 Interim Dividend – Rs. – 0.8000

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