The NIFTY opened at 18115.60 without much of a change when compared to the last day’s closing price. The index initially went down but soon found support and bounced up. Prices have risen and then faced resistance around 18150 and started drifting downwards after recording its intraday high at 18145.45. The decline continued for the rest of the day. The index recorded its intraday low at 18016.20 and finally closed at 18027.65 near its day’s lows with a loss of 80.20 points or 0.44% down. BANK NIFTY outperformed today and ended with a gain of nearly half percent followed by FINANCIAL. MEDIA underperformed today and ended with a loss of 1.36% followed by MERAL, PHARMA, and FMCG. We were expecting a wide range day and that did not happen. Moreover, the index continued moving sideways inside a wide trading range of 17800- 18250. For this week we were expecting prices to remain within the said boundaries. On the weekly timeframe chart, the index is consolidating for the past four weeks. We may see a breakout in the next couple of weeks, Since the Union Budget is ahead so we may see an increase in volatility. We should now trade with lower volume or avoid trading.


The BANK NIFTY opened at 425 16.05 with a gap up of 218 points. The index recorded its intraday low at 42366.15 in its initial trades and then saw a sharp upside move towards 42700 resistance. Prices faces resistance around 42700 and then saw a dip after recording its intraday high at 42709.20. The index then formed a trading range and continued moving range bound till the end. Prices finally closed at 42514.05 with a gain of 216 points. PSU BANK has underperformed today and closed without much of a change. PVT BANK has outperformed today and closed with a gain of 0.37% Within the index, in terms of points, HDFC BANK contributed the highest on the upside while KOTAK BANK contributed the lowest. It was again a volatile day where prices again moved very narrowly. The intraday range was just about 343. Moreover, a narrow trading range inside 41700-42700 remained intact. Prices have been moving inside this range for the past 11 trading days. On the weekly timeframe chart, the index is consolidating for the past five weeks. The last two weeks were very narrow suggests the next few weeks may be wide and volatile.


GAIL 99 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought above 99.05 with a stop loss of 98.45 and a target of 100.55.
HDFC LIFE 590.55 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 588.20 with a stop loss of 595.70 and a target of 574.70.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HAL  2500 CE BUY 33.95 CMP 21 63.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
FINNIFTY.23.01 Jan 18816.55 0.17 11.89 21840 ATUL.23.01 Jan 7395.4 -4.73 14.36 144525
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
COFORGE.23.01 Jan 4114.25 4.12 -20.04 609150 LTTS.23.01 Jan 3236.3 -5.04 -31.51 830200
HAL.23.01 Jan 2510.3 2.19 -21.58 2436000 HAVELLS.23.01 Jan 1149.9 -4.44 -24.07 3250000
DABUR.23.01 Jan 567.05 2.17 -14.14 8800000 PVR.23.01 Jan 1609.25 -4.4 -33.97 2195358
MANAPPURAM.2301Jan 115.35 1.85 -9.99 37536000 TVSMOTOR.23.01 Jan 972.65 -4.1 -16.36 5614700
INDIAMART.23.01 Jan 4465 1.81 -18.93 274950 HINDUNILVR.23.01 Jan 2552.85 -3.64 -3.15 6736500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 223.25 1.13 7584484 5288196 78.2 Nifty50 18027.65 -0.44 25441234
Hdfc Ltd. 2715.95 0.9 1910649 1320005 74.98 Niftybank 42506.8 0.42 10807270
Kotak Mahindra Bank Limi 1762.9 -0.25 4270294 3164224 74.36 Nifty it 29529.65 -0.35 1442423
Marico Limited 505.2 0.77 3298721 2691369 73.78 India Vix 13.79 -1.22 330189730
Godrej Cons Products Ltd 932.4 0.34 1616181 991690 73.76 Nifty Fmcg 43899.6 -0.96 599839
Piind 3238.15 -0.34 75378 38597 72.46 Nifty Pharma 12606.45 -0.73 36325385
Itc Ltd. 334.6 0.74 13103664 9744145 72.14 Nifty Realty 427.45 -0.72 1072060821
Tata Consultancy Serv Lt 3363.1 -0.3 1529349 1142015 71.73 Nifty Auto 12691.7 -0.56 36107910
Shriram Finance Limited 1277.3 -1.35 396914 252229 70.55 Nifty Metal 6805.25 -0.9 67238882
Infosys Limited 1525.55 -0.87 6496429 5166082 69.85 Nifty Financial Services 18772.4 0.17 3481312


   Domestic                                                                                                                                                  International
INR: Nikkei S&P Global Manufacturing PMI (Jan) on 1st  February, 2023

INR: Union Budget 2023-24 on 1st  February, 2023

 USD: Crude Oil Inventories on 25th  January, 2023

USD: GDP (QoQ) (Q4) on 26th  January, 2023


  • Benchmark indices ended lower in yet another volatile session on January 20.At Close, the Sensex was down 236.66 points or 0.39% at 60,621.77, and the Nifty was down 80.10 points or 0.44% at 18,027.70. About 1533 shares have advanced, 1865 shares declined, and 146 shares are unchanged.
  • HDFC Life Insurance Company Ltd on January 20 reported a 15 percent increase in its net profit to Rs 315.22 crore for the December quarter of the financial year 2022-23 on the back of strong new business growth.For the December quarter, the value of the new business was Rs 875 crore, beating street expectations.
  • JSW Steel on January 20 reported a 85.50 percent year-on-year (YoY) decrease in consolidated net profit for the quarter ended December 2022 at Rs 474 crore. The steelmaker reported a profit of Rs 4,516 crore in the same quarter of the previous financial year.
  • UltraTech Cement is expected to report better volumes and a recovery in sales but profit is expected to dip when it reports its December quarter numbers on January 21.UltraTech Cement’s consolidated revenue is likely to rise by 19.5 percent year on year (YoY) and 11.7 percent quarter on quarter (QoQ) to Rs 15,191.5 crore, according to a brokerage poll conducted by Moneycontrol..
Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABANSENT Quarterly Results 23-Jan-23 LIKHAMI General;Quarterly Results 23-Jan-23
ADITYA General 23-Jan-23 MAHSEAMLES Quarterly Results 23-Jan-23
AMBER Quarterly Results 23-Jan-23 MAYUKH Quarterly Results 23-Jan-23
ARVSMART Quarterly Results 23-Jan-23 MERCTRD Quarterly Results 23-Jan-23
ASHRAM General 23-Jan-23 NILASPACES Quarterly Results 23-Jan-23
AVANTEL Quarterly Results 23-Jan-23 NRAGRINDQ Quarterly Results 23-Jan-23
AXISBANK Quarterly Results 23-Jan-23 OMAXAUTO Quarterly Results 23-Jan-23
BBL Quarterly Results 23-Jan-23 ORBTEXP Quarterly Results 23-Jan-23
BHARATSE Quarterly Results 23-Jan-23 ORIENTHOT Quarterly Results 23-Jan-23
BRNL Quarterly Results 23-Jan-23 PNBGILTS Quarterly Results 23-Jan-23
BUTTERFLY Quarterly Results 23-Jan-23 POONAWALLA Quarterly Results 23-Jan-23
CANBK Quarterly Results 23-Jan-23 PRUDENT Quarterly Results 23-Jan-23
COMPUAGE Quarterly Results 23-Jan-23 RAJGLOWIR General;Quarterly Results 23-Jan-23
CONCOR Interim Dividend;General;Quarterly Results 23-Jan-23 ROUTE Quarterly Results 23-Jan-23
CRAFTSMAN General;Quarterly Results 23-Jan-23 RTNPOWER Quarterly Results 23-Jan-23
DBOL Quarterly Results 23-Jan-23 SAGCEM Quarterly Results 23-Jan-23
DCXINDIA Quarterly Results 23-Jan-23 SAPL Quarterly Results 23-Jan-23
DUCON Quarterly Results 23-Jan-23 SATIN Quarterly Results 23-Jan-23
EDVENSWA General 23-Jan-23 SCAPDVR Preferential Issue of shares;Quarterly Results 23-Jan-23
EIMCOELECO Quarterly Results 23-Jan-23 SELAN Quarterly Results 23-Jan-23
GCKL Quarterly Results 23-Jan-23 SHAREINDIA Interim Dividend;Quarterly Results 23-Jan-23
GLAND Quarterly Results 23-Jan-23 SHOPERSTOP General;Quarterly Results 23-Jan-23
GRADIENTE Quarterly Results 23-Jan-23 SPLPETRO Quarterly Results 23-Jan-23
GRAVITA Quarterly Results 23-Jan-23 STAMPEDE Preferential Issue of shares;Quarterly Results 23-Jan-23
HFCL Quarterly Results 23-Jan-23 STEELCAS Interim Dividend;Quarterly Results 23-Jan-23
IDBI Quarterly Results 23-Jan-23 SYNGENE Quarterly Results 23-Jan-23
IIFLSEC Interim Dividend;Quarterly Results 23-Jan-23 TATACOMM Quarterly Results 23-Jan-23
J&KBANK General;Quarterly Results 23-Jan-23 TCFCFINQ Quarterly Results 23-Jan-23
JAIMATAG Quarterly Results 23-Jan-23 THANGAMAYL Interim Dividend;Quarterly Results 23-Jan-23
JINDRILL Quarterly Results 23-Jan-23 TIPSINDLTD Quarterly Results 23-Jan-23
JSL General;Quarterly Results 23-Jan-23 TMB Quarterly Results 23-Jan-23
JSLHISAR Quarterly Results 23-Jan-23 TRITURBINE Quarterly Results 23-Jan-23
KEI Interim Dividend;Quarterly Results 23-Jan-23 TSPIRITUAL General;Quarterly Results 23-Jan-23
KHAICHEM Quarterly Results 23-Jan-23 VRFILMS Bonus issue;General 23-Jan-23
LASTMILE Preferential Issue of shares 23-Jan-23 ZENSARTECH Interim Dividend;Quarterly Results 23-Jan-23



Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANGELONE 24-Jan-23 Interim Dividend – Rs. – 9.6000 WENDT 31-Jan-23 Interim Dividend – Rs. – 30.0000
CARGOSOL 24-Jan-23 E.G.M. ACGL 01-Feb-23 Interim Dividend – Rs. – 2.5000
GOTHIPL 24-Jan-23 Interim Dividend – Rs. – 2.0000 DCMSHRIRAM 01-Feb-23 Interim Dividend
PRECWIRE 24-Jan-23 E.G.M. MASTEK 01-Feb-23 Interim Dividend – Rs. – 7.0000
WIPRO 24-Jan-23 Interim Dividend – Rs. – 1.0000 MFL 01-Feb-23 Interim Dividend – Rs. – 2.5000
HAVELLS 25-Jan-23 Interim Dividend – Rs. – 3.0000 SHAREINDIA 01-Feb-23 Interim Dividend
NATIONALUM 25-Jan-23 Interim Dividend – Rs. – 1.0000 THANGAMAYL 01-Feb-23 Interim Dividend
PERSISTENT 25-Jan-23 Interim Dividend – Rs. – 28.0000 ZENITHEXPO 01-Feb-23 E.G.M.
ABIRAFN 27-Jan-23 Buy Back of Shares ACCELYA 02-Feb-23 Interim Dividend
HINDZINC 27-Jan-23 Interim Dividend – Rs. – 13.0000 SHUKRAPHAR 02-Feb-23 Right Issue of Equity Shares
METROBRAND 27-Jan-23 Interim Dividend – Rs. – 2.5000 TANAA 02-Feb-23 Interim Dividend
PBAINFRA 27-Jan-23 E.G.M. IIFLSEC 03-Feb-23 Interim Dividend
PGINVIT 27-Jan-23 Income Distribution (InvIT) SUNCLAYLTD 03-Feb-23 Interim Dividend
SURYAROSNI 27-Jan-23 Interim Dividend – Rs. – 3.0000 VAIBHAVGBL 03-Feb-23 Interim Dividend
ASCENSIVE 30-Jan-23 E.G.M. ZENSARTECH 03-Feb-23 Interim Dividend
BANARBEADS 30-Jan-23 Interim Dividend – Rs. – 2.0000 SIYSIL 06-Feb-23 Interim Dividend
BAZELINTER 30-Jan-23 E.G.M. TCI 07-Feb-23 Interim Dividend
IIFLWAM 30-Jan-23 Interim Dividend – Rs. – 17.0000 GILLETTE 09-Feb-23 Interim Dividend
LTIM 30-Jan-23 Interim Dividend ENGINERSIN 13-Feb-23 Interim Dividend
SIEMENS 30-Jan-23 Final Dividend – Rs. – 10.0000 PGHL 13-Feb-23 Interim Dividend
CCL 31-Jan-23 Interim Dividend – Rs. – 3.0000 TVTODAY 13-Feb-23 Interim Dividend
MONIND 31-Jan-23 E.G.M. CAMS 15-Feb-23 Interim Dividend
RKFORGE 31-Jan-23 Dividend STL 15-Feb-23 Stock  Split From Rs.10/- to Rs.2/-

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