The NIFTY opened at 18550.85 with a gap up of 65 points. The index could not sustain at the higher levels and started drifting downwards towards 18500.Prices have filled the gap, found support there, and bounced sharply. The index rallied and found resistance near the opening tick. Another leg of a decline came and prices became sideways afterward. The index recorded its intraday high at 18573.70, its intraday low at 18478.40, and finally closed at 18534.10 near its opening tick with a gain of46.35 points or 0.25% up. All the sectoral indices have moved up and ended with gains except IT and OIL GAS. REALTY and METAL outperformed today by gaining over 1% followed by AUTO, MEDIA, and PHARMA. The intraday range was very narrow as prices have moved within a range of less than 100 points. This narrow movement suggests a sharp move is about to come. The short-term trend is sideways now. We should look at buying in the next week.


The BANK NIFTY opened at 43821.05 with a minor gap up. The index initially consolidated and then broke on the upside after recording its intraday low at 43666.60. Prices have seen a sharp intraday rally and almost reached its lifetime highs. The index faces resistance there and formed a trading range. Prices have remained range bound till the end, recorded its intraday high at 44151.70, and finally closed at 44045,15 with a gain of 251 points. PSU and PVT BANKS both indices have performed almost the same today, saw a sharp intraday rally, and finally dosed with a gain of 1.13% &0.77% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside followed by BANK BARODA. The short-term trend is still up as prices are moving near the top of an ongoing up move. Prices have almost reached its lifetime highs which were recorded at 44151.80. Support is now visible around 43000. Resistance is not visible as the index is almost at its lifetime highs. We should look for buying only on any dips or breakouts.


BAJAJ FINSERVE 1457.25 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1469.00 with a stop loss of 1443.50 and a target of 1545.50.
BPCL 360.05 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 359.05 with a stop loss of  361.50 and a target of 354.10.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
AMBUJA CEM  460 CE BUY 6.95 CMP 4.60 10.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI   Stocks Price Price% OI % OI
PFC.23.06 Jun 191.75 4.18 4.74 66216000 GUJGASLTD.23.06 Jun 476.9 -2.64 2.41 5415000
HINDALCO.23.06 Jun 424.1 3.63 5.45 33052600 IGL.23.06 Jun 462.6 -2.43 8.47 8311875
JINDALSTEL.23.06 Jun 529.15 3.15 0.32 24286250 BIOCON.23.06 Jun 241.65 -2.21 4.95 25231000
APOLLOHOSP.23.06 Jun 4992.05 3.08 0.71 2141750 ADANIENT.23.06 Jun 2462.75 -1.8 4.52 9572000
TATACOMM.23.06 Jun 1361.1 3.07 4.89 2949500 PAGEIND.23.06 Jun 38728.35 -1.39 3.49 165315
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HAL.23.06 Jun 3183.8 3.71 -20.44 3300300 MGL.23.06 Jun 1042.6 -2.93 -2.94 1900800
HEROMOTOCO.23.06 Jun 2906.65 3.33 -5.97 3774300 INTELLECT.23.06 Jun 598.85 -1.32 -3.37 3128000
ASTRAL.23.06 Jun 1874.75 3.13 -2.53 1525252 MRF.23.06 Jun 97074.8 -1.04 -2.27 51660
VEDL.23.06 Jun 279.1 2.27 -4.69 50522000 MARICO.23.06 Jun 553.4 -0.95 -2.9 9878400
TATASTEEL.23.06 Jun 108.85 2.16 -4.07 213785000 HINDPETRO.23.06 Jun 259.65 -0.95 -3.14 20295900


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Nmdc Limited 108.9 1.87 9429711 7928402 78.1 Nifty50 18534.1 0.25 31889618
Upl Limited 683.35 0.8 1168519 1831862 74.16 Niftybank 43937.85 0.34 13445970
Hdfc Ltd. 2645.9 -0.03 4065864 2574745 70.22 Nifty it 29328.15 -0.4 1114497
City Union Bank Ltd. 123.45 -0.04 5699009 10906496 69.7 India Vix 11.12 -4.14 519055262
Sun Pharma  Ltd 999.6 1.2 3734815 2260949 69.31 Nifty Fmcg 51288.65 0.57 311707
Srf Ltd. 2512.6 1.37 278737 335129 68.98 Nifty Pharma 12900.6 0.69 45896769
Dr. Reddys Lab Ltd 4610.45 1.28 501913 209715 68.58 Nifty Realty 490.85 1.42 1207501510
Trent Limited 1597.3 2.23 514635 309499 68.4 Nifty Auto 14388.6 0.92 41144017
Ntpc Limited 174.55 0.09 7262018 7924889 68.3 Nifty Metal 5956 1.22 99350748
Sbi Cards And Payment Se 914.4 0.43 721774 772318 67.78 Nifty Financial Services 19368.2 0.24 4184704


   Domestic                                                                                                                                                  International
INR: Nikkei Services PMI (May) on 5th June, 2023

INR: Interest Rate Decision on 8th June, 2023

 USD: Nikkei Services PMI (May) on 5th June, 2023

USD: ISM Non-Manufacturing PMI (May) on 5th June, 2023


  • Benchmark indices ended with marginal gains in the highly volatile session on June 2. At close, the Sensex was up 118.57 points or 0.19% at 62,547.11, and the Nifty was up 46.30 points or 0.25% at 18,534.10. About 2115 shares advanced, 1333 shares declined, and 124 shares unchanged.

  • Infosys CEO Salil Parekh’s salary falls 21% to Rs 56.44 crore in FY23, Salil Parekh made 627 times the median remuneration — Rs 9 lakh — of the IT services company’s employees but he was still not the highest paid. Infosys president Mohit Joshi earned Rs 57.32 crore in FY23. He leaves the company on June 9 to take over as Tech Mahindra CEO.

  • Tata Group plans Rs 13,000-crore lithium-ion cell facility in Gujarat, The initial manufacturing capacity of the plant would be 20 gigawatts hours.

  • Zydus Lifesciences has informed stock exchanges that its animal health drug manufacturing facility in the Ahmedabad Special Economic Zone (SEZ) has cleared an inspection by the United States Food and Drug Administration (USFDA).

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 ARCOTECH Audited Results;General 08-Jun-23
AML General 06-Jun-23 ATLASCYCLE Audited Results;Quarterly Results 08-Jun-23
ANIKINDS Quarterly Results 06-Jun-23 ORISSAMINE Audited Results 08-Jun-23
EFCIL General;Preferential Issue of shares 06-Jun-23 SANINFRA General;Final Dividend 08-Jun-23
GARGI Audited Results 06-Jun-23 VALUEIND Audited Results;Quarterly Results 08-Jun-23
GARNETINT General;Rights Issue 06-Jun-23 VIDEOIND Audited Results;Quarterly Results 08-Jun-23
JINDCOT Audited Results 06-Jun-23 VAPIPPR Audited Results 09-Jun-23
MACH Audited Results;General 06-Jun-23 WANBURY Audited Results 09-Jun-23
NEWINFRA Audited Results 06-Jun-23 ZGOLDINV Audited Results;General 09-Jun-23
SBLI Audited Results;General 06-Jun-23 ORCHASP General 10-Jun-23
SHIVAEXPO Audited Results 06-Jun-23 MENAMANI General;Stock  Split 12-Jun-23
SUPRAP General 06-Jun-23 VIDLI General 13-Jun-23
UNISTRMU General;Quarterly Results 06-Jun-23 AMS General 15-Jun-23
VIPUL Audited Results;Dividend 06-Jun-23 DPL Audited Results;Quarterly Results 15-Jun-23
GENCON Audited Results;Dividend 07-Jun-23 GEE Audited Results 15-Jun-23
KBCGLOBAL General 07-Jun-23 INDSUCR Audited Results 15-Jun-23
LASA Audited Results;Quarterly Results 07-Jun-23 RASSIREF Audited Results 15-Jun-23
NATURO Audited Results 07-Jun-23 DLCL Audited Results 16-Jun-23
PBGLOBAL Audited Results 07-Jun-23 ZHINUDYP General 20-Jun-23
SHRGLTR General 07-Jun-23 COFORGE Quarterly Results;Interim Dividend 20-Jul-23
UNITINT Audited Results;General 07-Jun-23 ULTRACEMCO Quarterly Results 21-Jul-23
ANDHRAPET General 08-Jun-23 DRONACHRYA General 10-Aug-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
HARDWYN 05-Jun-23 Bonus issue 1:3 ELECON 09-Jun-23 Final Dividend – Rs. – 2.0000
HARDWYN 05-Jun-23 Stock  Split From Rs.10/- to Rs.1/- ELPROINTL 09-Jun-23 Interim Dividend – Rs. – 0.2300
SHYAMMETL 05-Jun-23 Interim Dividend – Rs. – 1.8000 HDFCAMC 09-Jun-23 Dividend – Rs. – 48.0000
SKMEGGPROD 05-Jun-23 Interim Dividend – Rs. – 2.0000 HSCL 09-Jun-23 Final Dividend – Rs. – 0.2500
NELCO 06-Jun-23 Dividend – Rs. – 2.0000 INDHOTEL 09-Jun-23 Final Dividend – Rs. – 1.0000
PRIMESECU 06-Jun-23 Dividend – Rs. – 0.5000 MILEFUR 09-Jun-23 E.G.M.
MARKSANS 07-Jun-23 Final Dividend – Rs. – 0.5000 NFL 09-Jun-23 Interim Dividend – Rs. – 1.5300
OPTIEMUS 07-Jun-23 Interim Dividend – Rs. – 1.5000 NRBBEARING 09-Jun-23 Interim Dividend – Rs. – 4.1000
SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000 SOLARINDS 09-Jun-23 Final Dividend – Rs. – 8.0000
TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000 VOLTAS 09-Jun-23 Final Dividend – Rs. – 4.2500
UNIPARTS 07-Jun-23 Interim Dividend – Rs. – 6.0000 APCOTEXIND 12-Jun-23 Final Dividend – Rs. – 3.5000
BIKAJI 08-Jun-23 Final Dividend – Rs. – 0.7500 CYIENT 12-Jun-23 Final Dividend – Rs. – 16.0000
NIITLTD 08-Jun-23 Spin Off ICICIGI 12-Jun-23 Final Dividend – Rs. – 5.5000
PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000 INDIANB 12-Jun-23 Final Dividend – Rs. – 8.6000
QGO 08-Jun-23 Interim Dividend – Rs. – 0.1000 IONEXCHANG 12-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
RCL 08-Jun-23 Stock  Split From Rs.10/- to Rs.1/- RIIL 12-Jun-23 Dividend – Rs. – 3.5000
ASIANPAINT 09-Jun-23 Final Dividend – Rs. – 21.2500 TATAINVEST 12-Jun-23 Final Dividend – Rs. – 48.0000
BEPL 09-Jun-23 Special Dividend – Rs. – 14.0000 DIAMINESQ 13-Jun-23 Final Dividend – Rs. – 3.0000
BEPL 09-Jun-23 Final Dividend – Rs. – 1.0000 JINDALSAW 13-Jun-23 Final Dividend – Rs. – 3.0000
CAPPL 09-Jun-23 Interim Dividend – Rs. – 2.0000 LKPFIN 13-Jun-23 Final Dividend – Rs. – 1.0000
CIGNITI 09-Jun-23 Final Dividend – Rs. – 3.0000 LKPSEC 13-Jun-23 Final Dividend – Rs. – 0.1000
DYNAMATECH 09-Jun-23 Final Dividend – Rs. – 7.0000 CANBK 14-Jun-23 Dividend – Rs. – 12.0000

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