The NIFTY opened at 18612 with a gap up of 78 points. The index initially moved lower but quickly turnaround and started an upside move. Prices saw a mild rally and found resistance around 18650. The index recorded its intraday high at 18640.15 and started a consolidation process that lasted till the afternoon. The index saw a sharp decline in the last hour of trading and recorded its intraday low at 18582.80. Prices have finally closed at 18593.85 with again of 59.75 points or 0.32% up. All the sectoral indices have moved up today and ended with gains except FMCG and IT which ended with a loss of nearly half percent AUTO outperformed today by gaining over 1% followed by MEDIA. The short-term trend is sideways now however, the bias is bullish as prices have resumed its up move after a mild correction. The support is visible around 18400-18450 zones while the resistance is visible around 18650-18700 zones.


The BANK NIFTY opened at 44103.25 with a gap up 223 points. The index initially moved higher but soon found resistance and then started a consolidation process. The sideways movement continued till the end. In this process, prices have recorded its intraday high at 44266.15 and its intraday low at 44074.20. Prices have finally closed at 44099.75 with a gain of 219 points. PVT BANK outperformed today, saw an upside move, and closed with a gain of 0.68%. PSU BANK underperformed today, saw an intraday decline and closed lower by 0.43% Within the index, in terms of points, AXIS BANK contributed the highest on the upside while AU BANK contributed the lowest. The short-term trend is sideways however, the bias is bullish as prices have bounced up after a minor correction Support is visible around 43700 while resistance is visible around 44500. We should look for buying only as far as prices are moving above 43700.


GRASIM 1734.50 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1739.75 with a stop loss of 1726.65 and a target of 1764.90.
MANAPPURAM FINANCE 110.50 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 110.05 with a stop loss of  110.90 and a target of 108.35.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
LTIM   4900 CE BUY 119 CMP 100 157 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HAL.23.06 Jun 3313.35 4.07 4.43 3446400 AUBANK.23.06 Jun 749.8 -2.96 1.43 13378000
M&M.23.06 Jun 1400 3.94 11.26 14328300 ABCAPITAL.23.06 Jun 170.05 -2.21 0.58 30175200
ZEEL.23.06 Jun 201.75 3.46 3.29 91950000 MANAPPURAM.23.06Jun 110.9 -1.77 9.76 65730000
RAIN.23.06 Jun 161.6 3.29 5.93 12509000 VEDL.23.06 Jun 274.7 -1.58 4.39 52738000
TATACHEM.23.06 Jun 984 3.26 10.55 7028500 INDHOTEL.23.06 Jun 391.9 -1.47 3.67 16624000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BHEL.23.06 Jun 86.05 2.75 -1.32 101829000 NAUKRI.23.06 Jun 4170 -2.96 -3.09 1621000
ASHOKLEY.23.06 Jun 150.2 2.18 -5 63035000 DELTACORP.23.06 Jun 238 -2.26 -0.7 16976400
ABFRL.23.06 Jun 207.9 2.04 -0.2 27450800 ZYDUSLIFE.23.06 Jun 512.5 -1.78 -1.23 6489000
TATAMOTORS.23.06 Jun 548.4 1.77 -0.23 50675850 LAURUSLABS.23.06 Jun 343.5 -1.49 -0.68 12321100
IPCALAB.23.06 Jun 728.3 1.53 -3.93 3034850 INDIAMART.23.06 Jun 5647.95 -1.44 -2.6 337800


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Container Corp Of India 671.5 0.67 1604415 711790 79.57 Nifty50 18593.85 0.32 130671
Sun Pharma  Ltd 1008.75 0.92 3629780 2971855 79.57 Niftybank 44101.65 0.37 130611
Cholamandalam Investment 1048.55 0.89 1064602 1120953 77.46 Nifty it 29238.75 -0.3 130611
Infosys Limited 1304.5 0.42 5002553 8390762 76.91 India Vix 11.14 0.16 130896
Shriram Finance Limited 1400.95 -0.88 502008 555752 75.51 Nifty Fmcg 51058.4 -0.45 130611
Hindustan Unilever Ltd 2695.8 -0.77 1000190 1135506 75.24 Nifty Pharma 12934.5 0.26 130611
Hdfc Ltd. 2644.8 -0.04 4714971 3031775 74.57 Nifty Realty 492.55 0.35 130611
Bharti Airtel Limited 834.5 -0.24 5298053 5036766 73.7 Nifty Auto 14570.25 1.26 130611
Tata Consultancy Serv Lt 3288.9 -0.51 1861468 1491358 73.44 Nifty Metal 5975.9 0.33 130611
Gail (india) Limited 104.45 -0.14 5284220 7026465 73.01 Nifty Financial Services 19438.5 0.36 130611


   Domestic                                                                                                                                                  International
INR: Interest Rate Decision on 08th June, 2023

INR: Cash Reserve Ratio on 08th June, 2023

USD: Initial Jobless Claims on 08th June, 2023

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


  • On Monday, The Indian equity market extended its gains from the previous session and ended higher on June 5, with the Nifty closing around 18,600 supported by buying across sectors, barring FMCG and IT. At close, the Sensex was up 240.36 points or 0.38 percent at 62,787.47, and the Nifty was up 59.70 points or 0.32 percent at 18,593.80.

  • Indian corporate earnings recorded healthy growth, with many beating street estimates in the quarter ended March 2023, according to Nomura and Jefferies. The aggregate March quarter earnings of 127 companies analysed by Nomura rose 8% year-on-year and were 4% above the Bloomberg consensus estimates, Nomura said. Net earnings grew 13.3% year-on-year after adjusting for extraordinaries and were 11.8% ahead of the estimates, it said.

  • Edtech giant Byju’s, announced on Monday that it will launch the initial public offering (IPO) of its subsidiary, Aakash Education Services Limited (AESL) mid next year. The IPO will mark a milestone in the continued growth and expansion of Aakash + Byju’s, creating a comprehensive portfolio of products that caters to a broader range of students, said the company.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ALFATRAN General 06-Jun-23 LASA Audited Results;Quarterly Results 07-Jun-23
AML General 06-Jun-23 NATURO Audited Results 07-Jun-23
ANIKINDS Quarterly Results 06-Jun-23 PBGLOBAL Audited Results 07-Jun-23
EFCIL General;Preferential Issue of shares 06-Jun-23 SHRGLTR General 07-Jun-23
GARGI Audited Results 06-Jun-23 UNITINT Audited Results;General 07-Jun-23
GARNETINT General;Rights Issue 06-Jun-23 ANDHRAPET General 08-Jun-23
JINDCOT Audited Results 06-Jun-23 ARCOTECH Audited Results;General 08-Jun-23
MACH Audited Results;General 06-Jun-23 ATLASCYCLE Audited Results;Quarterly Results 08-Jun-23
NEWINFRA Audited Results 06-Jun-23 ORISSAMINE Audited Results 08-Jun-23
SBLI Audited Results;General 06-Jun-23 SANINFRA Final Dividend;General 08-Jun-23
SHIVAEXPO Audited Results 06-Jun-23 VALUEIND Audited Results;Quarterly Results 08-Jun-23
SUPRAP General 06-Jun-23 VIDEOIND Audited Results;Quarterly Results 08-Jun-23
UNISTRMU General;Quarterly Results 06-Jun-23 IFL Right Issue of Equity Shares with Warrants;Right Issue of NCD with Warrants 09-Jun-23
VIPUL Audited Results;Dividend 06-Jun-23 VAPIPPR Audited Results 09-Jun-23
GENCON Audited Results;Dividend 07-Jun-23 WANBURY Audited Results 09-Jun-23
KBCGLOBAL General 07-Jun-23 ZGOLDINV Audited Results;General 09-Jun-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
NELCO 06-Jun-23 Dividend – Rs. – 2.0000 CIGNITI 09-Jun-23 Final Dividend – Rs. – 3.0000
PRIMESECU 06-Jun-23 Dividend – Rs. – 0.5000 DYNAMATECH 09-Jun-23 Final Dividend – Rs. – 7.0000
MARKSANS 07-Jun-23 Final Dividend – Rs. – 0.5000 ELECON 09-Jun-23 Final Dividend – Rs. – 2.0000
OPTIEMUS 07-Jun-23 Interim Dividend – Rs. – 1.5000 ELPROINTL 09-Jun-23 Interim Dividend – Rs. – 0.2300
SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000 HDFCAMC 09-Jun-23 Dividend – Rs. – 48.0000
TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000 HSCL 09-Jun-23 Final Dividend – Rs. – 0.2500
UNIPARTS 07-Jun-23 Interim Dividend – Rs. – 6.0000 INDHOTEL 09-Jun-23 Final Dividend – Rs. – 1.0000
BIKAJI 08-Jun-23 Final Dividend – Rs. – 0.7500 MILEFUR 09-Jun-23 E.G.M.
NIITLTD 08-Jun-23 Spin Off NFL 09-Jun-23 Interim Dividend – Rs. – 1.5300
PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000 NRBBEARING 09-Jun-23 Interim Dividend – Rs. – 4.1000
QGO 08-Jun-23 Interim Dividend – Rs. – 0.1000 SOLARINDS 09-Jun-23 Final Dividend – Rs. – 8.0000
RCL 08-Jun-23 Stock  Split From Rs.10/- to Rs.1/- VOLTAS 09-Jun-23 Final Dividend – Rs. – 4.2500
ASIANPAINT 09-Jun-23 Final Dividend – Rs. – 21.2500 APCOTEXIND 12-Jun-23 Final Dividend – Rs. – 3.5000
BEPL 09-Jun-23 Final Dividend – Rs. – 1.0000 CYIENT 12-Jun-23 Final Dividend – Rs. – 16.0000
BEPL 09-Jun-23 Special Dividend – Rs. – 14.0000 ICICIGI 12-Jun-23 Final Dividend – Rs. – 5.5000
CAPPL 09-Jun-23 Interim Dividend – Rs. – 2.0000 INDIANB 12-Jun-23 Final Dividend – Rs. – 8.6000


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