the NIFTY opened at 17766.60 with a gap up of 60 points. The index could not sustain at the higher levels and started drifting downward after the opening tick. Prices have recorded its intraday high at its opening tick, filled the gap quickly, and fell further on the downside. The index then started a consolidation process. That consolidation broke on the downside and prices have moved down to record its intraday low at 17610.20. However, the index has seen some recovery in the last hour of trading and finally closed at 1766015 with a loss of 46.70 points or 0.26% down. The PHARMA and REALTY outperformed today, led the bulls, and closed with a gain of over 1% followed by METAL and IT.FMCG, MEDIA, and OIL. It was again a volatile day today in the NIFTY index. Prices have seen sharp intraday moves on both sides of the market and closed lower for the second consecutive trading day. However, the short-term trend is still up. The index respected the 17800 level as resistance and turned down. Support is now visible around 17500. We should look only for buying opportunities only as far as prices are trading above 17500.


The BANK NIFTY opened at 42406.95 with a gap up of 190 points. The index initially consolidated and slowly inched upward How the momentum was weak and prices started drifting downwards after recording its intraday high at 42500.70. The index cleared all the gains, mowed sharply, and recorded its intraday low at 42114.35. Prices have finally closed at 42254.25 with a gain of just 38 points. PSU BANK has outperformed today and closed with a gain of 0.76 %. PVT BANK has also moved up today but ended with a gain of just 14. The index, in terms of points, INDUSIND BANK contributed the highest on the upside while ICICI BANK contributed the lowest. As mentioned in our previous letter, the short-term trend is up. Support is now visible around 41000. Resistance is now visible around 40000 We should look for buying only on any dip or intraday consolidation breakout as far as the index is trading above 41000 support levels.


IOC 78 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 78.10 with a stop loss of 77.55 and a target of 79.15.
POWER GRID 230.30 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 229.60 with a stop loss of 231.70 and a target of 225.35.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
CIPLA 950 CE BUY 5.30 CMP 3.50 9.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BHEL.23.04 Apr 75.7 3.77 0.61 93187500 TATACHEM.23.04 Apr 934.85 -5.79 64.86 7610000
BIOCON.23.04 Apr 232.35 3.57 4.05 31728500 TATACOMM.23.04 Apr 1215.4 -2.69 29 2642000
PIIND.23.04 Apr 3162.2 3.51 3.13 2342250 PFC.23.04 Apr 162.1 -2.47 0.79 60580200
AUROPHARMA.23.04 Apr 577.8 3.22 1.18 12615000 AMBUJACEM.23.04 Apr 384.4 -2.26 0.19 56772000
COFORGE.23.04 Apr 3979.95 3.09 16.46 864900 INDIACEM.23.04 Apr 188.65 -1.97 1.45 17255000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
LUPIN.23.04 Apr 699.95 6.11 -6.72 6957250 POWERGRID.23.04 Apr 231.1 -2.69 -0.15 29629800
IDFCFIRSTB.23.04 Apr 56.65 2.53 -3.8 166665000 ADANIENT.23.04 Apr 1849.2 -2.07 -0.81 8380500
IDFC.23.04 Apr 80.75 2.41 -2.23 161220000 ULTRACEMCO.23.04 Apr 7622.35 -1.95 -5.63 1653200
INDUSINDBK.23.04 Apr 1148 1.93 -0.1 22849650 CANFINHOME.23.04 Apr 563.4 -1.67 -0.83 3844425
HCLTECH.23.04 Apr 1066.05 1.83 -3.01 10969000 ADANIPORTS.23.04 Apr 659.2 -1.28 -0.04 35943750


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Kotak Mahindra Bank Limi 1888.3 -0.36 2972721 8407742 81.2 Nifty50 17660.15 -0.26 96999
Larsen & Toubro Limited 2216.6 0.12 2848601 3195858 77.46 Niftybank 42265.2 0.01 96930
Crompton Greaves Consume 294.9 1.2 4810969 1650086 76.6 Nifty it 27166.95 0.59 96930
Srf Ltd. 2483.5 0.89 573989 426911 75.53 India Vix 12.07 -1.51 103359
Hdfc Asset Management Co 1810.85 0.2 590584 274051 73.41 Nifty Fmcg 46536.35 -0.33 96930
Alkem 3366.85 1.04 342322 94404 72.7 Nifty Pharma 12607.35 1.64 96930
Bajaj Auto Limited 4209.25 -1.06 235015 520253 72.36 Nifty Realty 433.85 1.04 96930
Honeywell Auto India Ltd 35808.7 -0.63 10311 7154 71.94 Nifty Auto 13005.1 0.07 96930
Colgate Palmolive (india 1551.45 -0.5 85701 223196 71.81 Nifty Metal 5749 0.25 96930
Syngene 617.85 1.02 481929 311115 70.98 Nifty Financial Services 18764.6 -0.33 96930


   Domestic                                                                                                                                                  International
INR: Bank Loan Growth on 21st April, 2023

INR: Deposit Growth on 21st April, 2023

 USD: Crude Oil Inventories on 19th April, 2023

USD: Initial Jobless Claims on 20th April, 2023


  • Benchmark indices ended lower on April 18 with Nifty below 17,700. At close, the Sensex was down 183.74 points or 0.31 percent at 59,727.01, and the Nifty was down 46.60 points or 0.26 percent at 17,660.20. About 1,841 shares advanced, 1,602 shares declined, and 115 shares were unchanged.

  • Domestic air passenger traffic climbed by 21.4 percent year-on-year in March 2023, as per the data released by the Directorate General of Civil Aviation on April 18. The total passenger footfall on domestic flights during the month was recorded at 12.89 million, as compared to 10.62 million in the year-ago period.

  • Tata Steel Ltd. is in talks to raise as much as $400 million, according to people familiar with the matter, in what could become the company’s first green loan. The debt could have a tenor of about five years and the proceeds would be used for capital expenditure, said the people, who declined to be named because the matter is private. The lenders include Bank of America Corp., HSBC Holdings Plc, JPMorgan Chase & Co. and Mitsubishi UFJ Financial Group Inc.

  • The Indian real estate sector received $45 million private equity (PE) investments in the first quarter (Q1) of 2023, according to a report by Savills India, an international property consulting firm.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AJRINFRA Quarterly Results 19-Apr-23 TPINDIA General 19-Apr-23
ALOKTEXT Audited Results 19-Apr-23 TRL Preferential Issue of shares;General 19-Apr-23
ARTSONEN Audited Results;Quarterly Results 19-Apr-23 AMAL Audited Results 20-Apr-23
ASITCFIN Right Issue of Equity Shares;General 19-Apr-23 BTML Final Dividend;General;Audited Results;Quarterly Results 20-Apr-23
BASML General 19-Apr-23 CIANAGRO General 20-Apr-23
BENARAS Final Dividend;Audited Results;Quarterly Results;General 19-Apr-23 CYIENT Quarterly Results 20-Apr-23
CITADEL Audited Results 19-Apr-23 FAMILYCARE General;Bonus issue 20-Apr-23
CSL Issue Of Warrants 19-Apr-23 GENNEX General 20-Apr-23
DARSHANORNA General 19-Apr-23 GREENPOWER Audited Results 20-Apr-23
DRA General 19-Apr-23 HCLTECH Audited Results;Interim Dividend 20-Apr-23
EFCIL Preferential Issue of shares;General 19-Apr-23 HITKITGLO General 20-Apr-23
GGENG Audited Results;Quarterly Results;General 19-Apr-23 ICICIPRULI Final Dividend;Audited Results 20-Apr-23
GUJHOTE Final Dividend;Audited Results 19-Apr-23 IONEXCHANG Stock  Split 20-Apr-23
ISEC Final Dividend;Audited Results 19-Apr-23 ITHL Final Dividend;Audited Results 20-Apr-23
MASTEK Final Dividend;Audited Results 19-Apr-23 LONTE Audited Results 20-Apr-23
MEHAI Rights Issue;Increase in Authorised Capital;General 19-Apr-23 ORIENTHOT Audited Results;Dividend 20-Apr-23
PARMCOS-B General 19-Apr-23 RAJNISH General;Audited Results;Quarterly Results 20-Apr-23
SCAPDVR Audited Results 19-Apr-23 RIIL Audited Results;Dividend 20-Apr-23
STAMPEDE Audited Results 19-Apr-23 SCPL Audited Results 20-Apr-23
STDSHOE General 19-Apr-23 SWSOLAR General;Audited Results 20-Apr-23
TATACOMM Final Dividend;Audited Results 19-Apr-23 TTKHEALTH Voluntary Delisting of Shares 20-Apr-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CORNE 20-Apr-23 E.G.M. ACHYUT 25-Apr-23 Bonus issue 1:2
DREDGECORP 20-Apr-23 E.G.M. GOYALALUM 25-Apr-23 Stock  Split From Rs.10/- to Rs.1/-
FISCHER 20-Apr-23 E.G.M. SACHEMT 26-Apr-23 E.G.M.
GLOBALCA 20-Apr-23 Bonus issue 6:10 VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
GLOBALCA 20-Apr-23 Stock  Split From Rs.10/- to Rs.1/- ABB 27-Apr-23 Dividend – Rs. – 5.5000
HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000 HCLTECH 28-Apr-23 Interim Dividend
THYROCARE 20-Apr-23 Interim Dividend – Rs. – 18.0000 JOSTS 28-Apr-23 Stock  Split From Rs.5/- to Rs.2/-
EIDPARRY 21-Apr-23 Interim Dividend – Rs. – 4.0000 KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
GSCLCEMENT 21-Apr-23 Amalgamation RAJOOENG 28-Apr-23 E.G.M.
IFL 21-Apr-23 Bonus issue 1:4 SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
IFL 21-Apr-23 Stock  Split From Rs.10/- to Rs.1/- SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000
JETINFRA 21-Apr-23 Bonus issue 1:1 SERA 28-Apr-23 Stock  Split From Rs.10/- to Rs.2/-
KAARYAFSL 21-Apr-23 E.G.M. ELANTAS 02-May-23 Dividend – Rs. – 5.0000
MOLDTEK 21-Apr-23 Interim Dividend – Rs. – 2.0000 STOVACQ 02-May-23 Final Dividend – Rs. – 47.0000
MOLDTKPAC 21-Apr-23 Interim Dividend – Rs. – 4.0000 CASTROLIND 04-May-23 Final Dividend – Rs. – 3.5000
NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000 CRISIL 04-May-23 Interim Dividend
NESTLEIND 21-Apr-23 Interim Dividend – Rs. – 27.0000 FRUTION 04-May-23 E.G.M.
PRERINFRA 21-Apr-23 Right Issue of Equity Shares RKFORGE 09-May-23 Interim Dividend
SURFUNC 21-Apr-23 E.G.M. HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000
TIPSINDLTD 21-Apr-23 Stock  Split From Rs.10/- to Rs.1/- RCL 31-May-23 Stock  Split From Rs.10/- to Rs.1/-
NETTLINX 24-Apr-23 Bonus issue 1:1 INFY 02-Jun-23 Final Dividend – Rs. – 17.5000

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