The NIFTY opened at 18665.60 with a gap up of 66 points. The index started a consolidation process after opening higher which lasted till the afternoon. Prices have moved within a narrow range of just 40 points and eventually broke on the upside after recording its intraday low at 18636. The index then saw a sharp rally. The upside move lasted till the end and prices have recorded its intraday high at 18738.95. The index finally closed at 18726.40 near the day’s high with a gain of 127.40 points or 0.68% up. All the sectoral indices have moved up today and closed with gains, FMCG, METAL, REALTY, and OIL GAS led the bulls today and ended with a gain of over 1% followed by AUTO and IT. The short-term trend is up again which was sideways before. We have mentioned a narrow trading range inside 18450-18650. The index broke out decisively. The pattern target for this breakout comes around 18850 which is very near to the lifetime highs. Support should now emerge around the 18600 level while resistance is visible near the lifetime high recorded at 18887.60. We can round it off to 18900. We should look for buying only as far as the index is moving above 18600 support.


The BANK NIFTY opened at 44318.70 with a gap up of 109 points. The index initially moved lower, filled the gap, and then fall further. Prices have found support around 44150 and then started consolidating there. The index has seen an upside move in the last two hours of trading Today, prices have recorded its intraday low at 44143.50, its intraday high at 44346.30, and finally closed at 44279.60 with a gain of just 70 points. PSU BANK outperformed today, saw an upside move, and closed with a gain of 0.72%. PVT BANK also move up today and ended with a gain of just 0.12%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while KOTAK BANK contributed the lowest. The last four trading days were very narrow and indicating a sharp move is about to come. A trading range is also visible inside 43700-44500. This narrow range should resolve very soon. The short-term trend is sideways however, the bias is bullish as prices have bounced up after a minor correction. As far as prices are moving above 43700, we should look for buying only.


TATA STEEL 111.50 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 111.80 with a stop loss of 110.75 and a target of 113.40.
POLYCAB 3538.05 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 3522.60 with a stop loss of  3550.65 and a target of 3466.


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
IDEA.23.06 Jun 7.75 8.39 2.5 507290000 CIPLA.23.06 Jun 967.35 -1.15 6.43 10292100
HINDPETRO.23.06 Jun 277.55 5.07 10.38 22140000 OBEROIRLTY.23.06 Jun 982.05 -0.87 3.07 5782700
GLENMARK.23.06 Jun 666 4.85 7.26 8098250 AMBUJACEM.23.06 Jun 457 -0.81 1.25 57099600
CANFINHOME.23.06 Jun 750.9 4.28 17.02 3907800 M&MFIN.23.06 Jun 293.75 -0.76 4.37 26076000
UBL.23.06 Jun 1512 4.15 15.11 2356000 BSOFT.23.06 Jun 343 -0.51 3.28 8628000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ATUL.23.06 Jun 6986 3.34 -2.87 172500 POLYCAB.23.06 Jun 3546 -1.57 -1.97 1806000
MANAPPURAM.23.06 Jun 113.6 3.09 -1.3 63078000 INTELLECT.23.06 Jun 590.1 -0.67 -0.55 3056000
AARTIIND.23.06 Jun 525 1.84 -1.95 5302300 IBULHSGFIN.23.06 Jun 113 -0.4 -1.02 53220000
TATAPOWER.23.06 Jun 219.65 1.76 -2.09 86639625 BAJFINANCE.23.06 Jun 7127 -0.31 -1.38 3780750
LT.23.06 Jun 2325 1.69 -0.32 11937300 ABFRL.23.06 Jun 207.45 -0.22 -1.71 26280800


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Petronet Lng Limited 223.45 0 2099481 901957 77.19 Nifty50 18726.4 0.68 104928
Cummins India Limited 1799.5 -0.43 373808 656232 72.42 Niftybank 44275.3 0.25 104865
Larsen & Toubro Limited 2315.5 1.65 2128603 1208031 72.01 Nifty it 28913.7 0.78 104865
Coalindia 230.7 1.27 21853324 9716463 72 India Vix 11.44 0.55 105150
United Breweries Limited 1501.6 4.18 1200650 150259 71.16 Nifty Fmcg 51609.4 1.12 104865
Dr. Reddys Lab Ltd 4673.75 0.8 227905 164848 70.95 Nifty Pharma 13045.65 0.25 104865
Cipla Ltd 960.45 -1.19 1614117 1470295 70.7 Nifty Realty 506.3 1.59 104865
Dabur India Ltd. 556.5 1.64 2718117 1889060 70.33 Nifty Auto 14819.45 0.61 104859
Infosys Limited 1288.95 0.78 5397578 6933560 69.28 Nifty Metal 6057.75 1.51 104859
Nestleind 22367.75 3.05 156812 53435 68.05 Nifty Financial Services 19538.1 0.3 104859


   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


  • Indian equity benchmarks advanced for the fourth consecutive session to close at a six-month high in trade on Wednesday as metals, realty and fast moving consumer goods sectors advanced. L&T Ltd., TCS Ltd., and Bharti Airtel Ltd. led the positive change on the indices. Indices closes nearly 0.85% shy of it’s record high. The headline indices closed near its all-time high ahead of RBI’s monetary policy decision on Thursday.

  • The Union Cabinet has approved an increase in minimum support prices for all mandated kharif crops for the marketing season 2023–24. The government has increased the MSP of kharif crops to ensure remunerative prices for growers’ produce, according to a cabinet briefing by Piyush Goyal.

  • The country’s largest carmaker Maruti Suzuki India on Wednesday launched Jimny priced between Rs 12.74 lakh and Rs 15.05 lakh (ex-showroom Delhi), as it eyes the top slot in the robustly growing sports utility vehicle segment in the country.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ANDHRAPET General 08-Jun-23 IFL Right Issue of Equity Shares with Warrants;Right Issue of NCD with Warrants 09-Jun-23
ARCOTECH Audited Results;General 08-Jun-23 LLOYDSME General 09-Jun-23
ATLASCYCLE Audited Results;Quarterly Results 08-Jun-23 MAANALU Bonus issue;A.G.M.;Stock  Split 09-Jun-23
CAPACITE Preferential Issue of shares 08-Jun-23 SBIN General 09-Jun-23
CUBEINVIT General 08-Jun-23 VAPIPPR Audited Results 09-Jun-23
L&TFH Final Dividend 08-Jun-23 WANBURY Audited Results 09-Jun-23
NEWINFRA Audited Results 08-Jun-23 ZGOLDINV Audited Results;General 09-Jun-23
ORISSAMINE Audited Results 08-Jun-23 ATISHAY General 10-Jun-23
PTCIL Preferential Issue of shares 08-Jun-23 CMBL Audited Results;Quarterly Results 10-Jun-23
SANINFRA General;Final Dividend 08-Jun-23 MASTERTR Increase in Authorised Capital;Preferential Issue of shares;Issue Of Warrants 10-Jun-23
SILVERPRL General 08-Jun-23 ORCHASP General 10-Jun-23
VALUEIND Audited Results;Quarterly Results 08-Jun-23 MADHUCON General 11-Jun-23
VIDEOIND Audited Results;Quarterly Results 08-Jun-23 BALKRISHNA Right Issue of Equity Shares;Increase in Authorised Capital 12-Jun-23
VIRYA Audited Results 08-Jun-23 MENAMANI General;Stock  Split 12-Jun-23
VRFILMS Bonus issue;Increase in Authorised Capital;General 08-Jun-23 TEEAI General 12-Jun-23
ASMS Preferential Issue of shares 09-Jun-23 UNISTRMU General;Quarterly Results 12-Jun-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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/- SPITZE 09-Jun-23 Interim Dividend – Rs. – 0.5000
ASIANPAINT 09-Jun-23 Final Dividend – Rs. – 21.2500 VOLTAS 09-Jun-23 Final Dividend – Rs. – 4.2500
BEPL 09-Jun-23 Special Dividend – Rs. – 14.0000 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
CAPPL 09-Jun-23 Interim Dividend – Rs. – 2.0000 ICICIGI 12-Jun-23 Final Dividend – Rs. – 5.5000
CIGNITI 09-Jun-23 Final Dividend – Rs. – 3.0000 INDIANB 12-Jun-23 Final Dividend – Rs. – 8.6000
DYNAMATECH 09-Jun-23 Final Dividend – Rs. – 7.0000 IONEXCHANG 12-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
ELECON 09-Jun-23 Final Dividend – Rs. – 2.0000 RIIL 12-Jun-23 Dividend – Rs. – 3.5000
ELPROINTL 09-Jun-23 Interim Dividend – Rs. – 0.2300 TATAINVEST 12-Jun-23 Final Dividend – Rs. – 48.0000
HDFCAMC 09-Jun-23 Dividend – Rs. – 48.0000 DIAMINESQ 13-Jun-23 Final Dividend – Rs. – 3.0000
HSCL 09-Jun-23 Final Dividend – Rs. – 0.2500 JINDALSAW 13-Jun-23 Final Dividend – Rs. – 3.0000
INDHOTEL 09-Jun-23 Final Dividend – Rs. – 1.0000 LKPFIN 13-Jun-23 Final Dividend – Rs. – 1.0000

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