The NIFTY opened at 17653.35 without much of a gap. Prices started a process of consolidation. The index moved inside a range of just 50 points for the first half. The NIFTY recorded its intraday high at 17666.15 in the afternoon. Prices have moved down after a breakdown below 17600. The index recorded its intraday low at 17579.85. Prices have recovered a few points in the last hour of trading and finally closed at 17618.75 with a loss of 41.40 points or 0.23% down, The IT and MEDIA underperformed today, led the bears, and closed with a loss of over one and a half percent. METAL outperformed today and ended with a gain of over half a percent. The short-term trend is still up. We have mentioned a support level of around 17500 and a resistance level of around 17800. The trend will be up as far as the index moves above 17500. Look to buy above 17700 or sell short 17550.


The BANK NIFTY opened at 42280.10 with a gap up of just 26 points. The index initially consolidated and then broke it on the downside after recording its intraday high at 42339.90. Prices have moved down towards 42000, found support there, and tuned up after recording its intraday low at 42022.15. The index finally closed at 42145.85 with a loss of 109 points. PSU BANK has underperformed today and closed with a loss of 0.84%. PVT BANK has also moved down today but ended with a loss of just 0.28%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. The short-term trend is up. Support is now visible around 41000. Resistance is now visible around 43000. The index is consolidating after a sharp upside move. Look to buy above 42400 or sell short below 42000.


VOLTAS 851.05 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 852.00 with a stop loss of 844.90 and a target of 863.55.
SBI LIFE 1123.40 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1120.45 with a stop loss of 1129.95 and a target of 1101.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
M&M 1230 CE BUY 6.90 CMP 4.80 13.45 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
JINDALSTEL.23.04 Apr 581.25 2.5 3.99 19891250 ICICIGI.23.04 Apr 1078.4 -5.05 15.71 5529250
BPCL.23.04 Apr 343.45 2.37 5.4 15913800 BALKRISIND.23.04 Apr 2027 -4.97 1.67 1515000
TVSMOTOR.23.04 Apr 1170.35 1.96 8.82 7253400 ATUL.23.04 Apr 6889.65 -3.49 11.9 142500
BAJAJ-AUTO.23.04 Apr 4272 1.94 7.65 2650500 LTIM.23.04 Apr 4188 -3.13 3.22 1877400
AUROPHARMA.23.04 Apr 589.25 1.87 1.62 12487000 PVR.23.04 Apr 1503.8 -3.02 0.91 2299143
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HINDPETRO.23.04 Apr 239.25 4.38 -1.23 18697500 RBLBANK.23.04 Apr 149.3 -3.58 -0.4 34865000
BALRAMCHIN.23.04 Apr 421.85 2.7 -3.71 7068800 COFORGE.23.04 Apr 3890.9 -2.48 -0.69 795000
GLENMARK.23.04 Apr 512.9 1.41 -1.67 7267400 INTELLECT.23.04 Apr 428.35 -2.43 -0.91 4031000
IDEA.23.04 Apr 6.1 0.83 -0.53 437570000 INDUSINDBK.23.04 Apr 1122.8 -2.21 -0.74 21702600
CHOLAFIN.23.04 Apr 847.4 0.76 -0.39 11050000 SBILIFE.23.04 Apr 1126.6 -1.89 -0.88 6553500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Asset Management Co 1768.55 -2.34 154121 468251 79.29 Nifty50 17618.75 -0.23 109704
Crompton Greaves Consume 292.25 -0.9 1689878 3772499 78.41 Niftybank 42154 -0.26 109653
Honeywell Auto India Ltd 35418.05 -1.09 6985 7971 77.31 Nifty it 26687.45 -1.77 109653
Cummins India Limited 1501.05 0.74 510197 920379 74.5 India Vix 12.15 0.6 109923
Tata Consumer Products l 700.85 -0.88 1235220 976980 73.81 Nifty Fmcg 46421.45 -0.25 109653
Icici Prudential Life In 445.6 -0.96 4234171 1374346 73.33 Nifty Pharma 12625.3 0.14 109653
Marico Limited 468.15 -2.49 2834418 888709 71.49 Nifty Realty 434.55 0.16 109653
Larsen & Toubro Limited 2219.6 0.14 1970015 2033457 71.38 Nifty Auto 13002.55 -0.02 109653
Gail (india) Limited 108.25 -1.14 8205988 6821922 70.58 Nifty Metal 5779.65 0.53 109653
Torrent Pharma Ltd. 1593.35 -0.08 392791 314203 70.38 Nifty Financial Services 18768.65 0.02 109647


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

INR: Deposit Growth on 21st April, 2023

 USD: Existing Home Sales (Mar) on 20th April, 2023

USD: Initial Jobless Claims on 20th April, 2023


  • Benchmark indices ended lower in the volatile session on April 19. At close, the Sensex was down 159.21 points or 0.27 percent at 59,567.80, and the Nifty was down 41.40 points or 0.23 percent at 17,618.80. About 1,768 shares advanced, 1,650 shares declined, and 117 shares were unchanged..

  • Mankind Pharma shares managed to attract single-digit premium in the grey market on the day of price band announcement and ahead of the IPO launch. The expensive valuations and only offer for sale portion in the IPO may be reasons for low premium, experts said.

  • India has surpassed China in population and is now the most populous country in the world, according to a United Nations Population Fund (UNFPA) report titled ‘The State of World Population Report, 2023’.

  • The Directorate General of Civil Aviation (DGCA) released, the domestic traffic volumes in the month of March, on April 19. The country saw 128.93 lakh air passengers take to the skies last month. In Q1 CY23, 375.04 lakh passengers took domestic flights, making it the best Q1 ever.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AMAL Audited Results 20-Apr-23 BIRLAMONEY Audited Results 21-Apr-23
BTML Audited Results;Final Dividend;Quarterly Results;General 20-Apr-23 GIPCL General 21-Apr-23
CIANAGRO General 20-Apr-23 GOEL General 21-Apr-23
CYIENT Quarterly Results 20-Apr-23 HINDZINC Audited Results 21-Apr-23
FAMILYCARE Bonus issue;General 20-Apr-23 INDBANK Audited Results 21-Apr-23
GENNEX General 20-Apr-23 INDBNK Audited Results 21-Apr-23
GREENPOWER Audited Results 20-Apr-23 LELAVOIR Audited Results 21-Apr-23
HCLTECH Audited Results;Interim Dividend 20-Apr-23 LWSKNIT General 21-Apr-23
HITKITGLO General 20-Apr-23 MADHUVEER General;Audited Results;A.G.M.;Preferential Issue of shares;Increase in Authorised Capital 21-Apr-23
ICICIPRULI Audited Results;Final Dividend 20-Apr-23 MARSONS Preferential Issue of shares 21-Apr-23
IONEXCHANG Stock  Split 20-Apr-23 METALFORGE Quarterly Results 21-Apr-23
ITHL Audited Results;Final Dividend 20-Apr-23 PRIMESECU Audited Results;Dividend 21-Apr-23
LONTE Audited Results 20-Apr-23 RADHEDE General 21-Apr-23
LXCHEM Preferential Issue of shares 20-Apr-23 RAJGLOWIR Audited Results;Final Dividend;General 21-Apr-23
ORIENTHOT Audited Results;Dividend 20-Apr-23 RELIANCE Audited Results 21-Apr-23
RAJNISH Audited Results;Quarterly Results;General 20-Apr-23 RISHYRN General 21-Apr-23
RIIL Audited Results;Dividend 20-Apr-23 SANINFRA General 21-Apr-23
SCPL Audited Results 20-Apr-23 TANFACIND Audited Results 21-Apr-23
SWSOLAR Audited Results;General 20-Apr-23 TEJASNET Audited Results;Quarterly Results 21-Apr-23
TTKHEALTH Voluntary Delisting of Shares 20-Apr-23 THAMBBI Audited Results 21-Apr-23
BANKBARODA General 21-Apr-23 TRL General;Preferential Issue of shares;Issue Of Warrants 21-Apr-23
BGJL General 21-Apr-23 VIPULORG Preferential Issue of shares 21-Apr-23
BHEEMACEM Audited Results 21-Apr-23 WENDT Audited Results;Final Dividend 21-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 JSL 28-Apr-23 Special Dividend – Rs. – 1.0000
GSCLCEMENT 21-Apr-23 Amalgamation KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
IFL 21-Apr-23 Bonus issue 1:4 RAJOOENG 28-Apr-23 E.G.M.
IFL 21-Apr-23 Stock  Split From Rs.10/- to Rs.1/- SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
JETINFRA 21-Apr-23 Bonus issue 1:1 SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000
KAARYAFSL 21-Apr-23 E.G.M. SERA 28-Apr-23 Stock  Split From Rs.10/- to Rs.2/-
MOLDTEK 21-Apr-23 Interim Dividend – Rs. – 2.0000 ELANTAS 02-May-23 Dividend – Rs. – 5.0000
MOLDTKPAC 21-Apr-23 Interim Dividend – Rs. – 4.0000 STOVACQ 02-May-23 Final Dividend – Rs. – 47.0000
NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000 CASTROLIND 04-May-23 Final Dividend – Rs. – 3.5000
NESTLEIND 21-Apr-23 Interim Dividend – Rs. – 27.0000 CRISIL 04-May-23 Interim Dividend – Rs. – 7.0000
PRERINFRA 21-Apr-23 Right Issue of Equity Shares FRUTION 04-May-23 E.G.M.
SURFUNC 21-Apr-23 E.G.M. RKFORGE 09-May-23 Interim Dividend
TIPSINDLTD 21-Apr-23 Stock  Split From Rs.10/- to Rs.1/- HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000
NETTLINX 24-Apr-23 Bonus issue 1:1 RCL 31-May-23 Stock  Split From Rs.10/- to Rs.1/-

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