The NIFTY opened at 19682.80 without much of a gap. The index initially moved lower but quickly turned around and started moving higher but found strong resistance near early morning highs. Prices have started a range-bound session which lasted till the afternoon. The index eventually broke on the downside but could not move much down and saw some recovery. The NIFTY spent the last two hours of trading sideways, recorded its intraday high at 19699.35, its intraday low at 19637.45, and finally closed at 19664.70 with a loss of 9.85 points or 0.05% down. FMCG, AUTO, METAL, and REALTY outperformed and closed with gains followed by OIL GAS. IT and MEDIA underperformed and ended with a loss followed by BANK & FINANCIAL. The short-term trend is sideways as prices are in the process of consolidation after a sharp decline.


The BANK NIFTY opened at 44722.50 with a gap down of 36 points. The index saw a sharp decline for the first few minutes and then started moving sideways. That range-bound trading broke on the downside, prices again drifted lower but saw a bounce up. The index spends its last two hours of trading within a narrow range. Prices have recorded its intraday high at 44773.80, its intraday low at 44532.45, and finally closed at 44662.45 with a loss of 96 points. PSU and PVT BANK both indices have performed almost the same, saw a mild down move, and finally ended with a loss of 0.64% & 0.32% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while INDUSIND BANK contributed the least. The short-term trend is sideways. Support is visible around 44600 while resistance is visible around 46200.


FED BANK 147.85 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 148.50 with a stop loss of 147.10 and a target of 151.25.
PEL 1043.30 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1040.95 with a stop loss of 1055.45 and a target of 1012.00.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
RELIANCE (23 OCT)  2400 CE BUY 35.30 CMP 31.60 46.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
DIXON.23.09 Sep 5101 4.37 2.35 878200 PEL.23.09 Sep 1043.05 -2.18 0.14 5886750
COLPAL.23.09 Sep 2086.95 3.88 21.79 2334150 AUROPHARMA.23.09Sep 859.65 -1.82 9.36 9689900
EICHERMOT.23.09 Sep 3487 2.63 14.97 2752225 BHARATFORG.23.09 Sep 1089.95 -1.74 3.51 6130000
NESTLEIND.23.09 Sep 23039.75 1.83 14.62 272560 PVRINOX.23.09 Sep 1689 -1.66 2.75 3530318
INDUSTOWER.23.09 Sep 189.25 1.77 5.56 52343000 MUTHOOTFIN.23.09 Sep 1241.25 -1.62 18.02 4474250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDEA.23.09 Sep 12.15 7.05 -8.49 664800000 GLENMARK.23.09 Sep 761.35 -3.47 -10.42 6593150
ASTRAL.23.09 Sep 1926.7 3.27 -23.28 1761233 SHRIRAMFIN.23.09 Sep 1892 -2.76 -2.06 5125800
RAMCOCEM.23.09 Sep 930.85 3.1 -18.86 1598000 MPHASIS.23.09 Sep 2440.95 -2.17 -12.84 1210000
CHOLAFIN.23.09 Sep 1205 1.6 -4.42 7190000 BALRAMCHIN.23.09 Sep 431.6 -2.12 -9.7 5643200
IDFCFIRSTB.23.09 Sep 95.65 1.38 -2.14 135795000 DELTACORP.23.09 Sep 140.25 -2.06 -14.45 8772400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Britannia Ind Ltd. 4600.15 0.66 330231 409709 82.21 Nifty50 19664.7 -0.05 103005
Max Financial Services l 913.9 -0.27 263949 774570 81.56 Niftybank 44624.2 -0.32 102960
Hindustan Unilever Ltd 2478.95 0.13 1263548 828355 73.78 Nifty it 32471 -0.54 102960
Hdfc Bank Ltd. 1537.65 0.43 13787654 14295701 71.11 India Vix 11.19 2.61 103575
Ultratech Cement Limited 8228.9 0.28 515796 331831 70.99 Nifty Fmcg 51912.85 0.52 102960
Reliance Industries Ltd 2342.5 0.09 5043891 5016282 70.38 Nifty Pharma 14981.65 -0.24 102960
Bharti Airtel Limited 912.7 0.25 5355047 3689578 69.9 Nifty Realty 571.8 0.31 102960
Srf Ltd. 2239.95 0.07 568665 415013 69.41 Nifty Auto 16278.25 0.35 102960
Cholamandalam Investment 1195.05 1.01 1981333 1473852 68.69 Nifty Metal 6775.3 0.31 102960
Tata Consultancy Serv Lt 3585.7 0.24 1726062 847701 68.43 Nifty Financial Services 19797.85 -0.23 102960

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 29th September, 2023

INR: Current Account (USD) on 29th September, 2023

USD: Crude Oil Inventories on 27th September, 2023

USD: GDP (QoQ) (Q2) on 28th September, 2023

News Updates

  • Benchmark indices ended on a flat note in the volatile session on September 26. At close, the Sensex was down 78.22 points or 0.12 percent at 65,945.47, and the Nifty was down 9.80 points or 0.05 percent at 19,664.70. About 1791 shares advanced, 1756 shares declined, and 122 shares unchanged.

  • JPMorgan Chase chairman and CEO Jamie Dimon has asked investors to prepare for higher oil prices, rising rates and trade disruptions, as geopolitical crises continue to send aftershocks through the globe.

  • The BSE SME IPO index fell after the BSE and NSE said that stocks in the small and medium enterprises will come under the framework of Additional Surveillance Measures (ASM) and trade-to-trade settlement to curb volatility in such shares.

  • Dixon Technologies rallied 4 percent high on September 26 buoyed by high volume trade and a positive brokerage outlook. At the bourses nearly 9 lakh shares of the company exchanged hands against a monthly average of 4 lakh shares.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BARBEQUE General 27-Sep-23 VAICC A.G.M. 29-Sep-23
BNRSEC General 27-Sep-23 AAPLUSTRAD A.G.M. 30-Sep-23
CANFINHOME General 27-Sep-23 HFIL Rights Issue 30-Sep-23
HDIL Quarterly Results 27-Sep-23 INTETHR A.G.M. 30-Sep-23
INFRAIND General 27-Sep-23 NECCLTD General 30-Sep-23
KAARYAFSL General 27-Sep-23 RISHABH Quarterly Results 30-Sep-23
KFINTECH Buy Back of Shares;General 27-Sep-23 UNISTRMU Quarterly Results 02-Oct-23
KINGSINFR General 27-Sep-23 VAMA General 02-Oct-23
LESHAIND General 27-Sep-23 ALKA General 03-Oct-23
LIKHITHA General 27-Sep-23 GOODLUCK Issue Of Warrants 03-Oct-23
PITHP A.G.M. 27-Sep-23 KRRAIL General 03-Oct-23
RITCO Employees Stock Option Plan;Issue Of Warrants;General 27-Sep-23 UNIMOVR Right Issue of Equity Shares 03-Oct-23
SWSOLAR General 27-Sep-23 CRESSAN Preferential Issue of shares;General 04-Oct-23
APARINDS General 28-Sep-23 BAJFINANCE General 05-Oct-23
KRANTI Preferential Issue of shares 28-Sep-23 GMBREW Quarterly Results 10-Oct-23
LORDSHOTL General 28-Sep-23 ANGELONE Interim Dividend;Quarterly Results 12-Oct-23
MUFIN Issue Of Warrants;Preferential Issue of shares;General 28-Sep-23 HCLTECH Interim Dividend;Quarterly Results 12-Oct-23
SAGARPROD Issue Of Warrants;Preferential Issue of shares 28-Sep-23 HDFCAMC Quarterly Results 12-Oct-23
DILIGENT A.G.M. 29-Sep-23 INFY Interim Dividend;Audited Results 12-Oct-23
GEECEE Amalgamation;General 29-Sep-23 KSOLVES Interim Dividend;Quarterly Results 15-Oct-23
RKFORGE General 29-Sep-23 TCIEXP Quarterly Results 17-Oct-23
SMAUTO General 29-Sep-23 ZENSARTECH Quarterly Results 17-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SEMAC 27-Sep-23 Final Dividend – Rs. – 5.0000 GUJTHEM 10-Oct-23 Stock  Split From Rs.5/- to Rs.1/-
WESTLEIRES 27-Sep-23 Dividend – Rs. – 0.1000 JONJUA 10-Oct-23 Bonus issue 9:50
BAJAJHLDNG 29-Sep-23 Interim Dividend – Rs. – 110.0000 THEMISMED 10-Oct-23 Stock  Split From Rs.10/- to Rs.1/-
HAL 29-Sep-23 Stock  Split From Rs.10/- to Rs.5/- ANGELONE 20-Oct-23 Interim Dividend
HPIL 29-Sep-23 Final Dividend – Rs. – 0.5000 HCLTECH 20-Oct-23 Interim Dividend
MAHSCOOTER 29-Sep-23 Interim Dividend – Rs. – 110.0000 LTIM 27-Oct-23 Interim Dividend
SINCLAIR 29-Sep-23 Buy Back of Shares SVRL 27-Oct-23 Bonus issue 1:1
SYSCHEM 29-Sep-23 Right Issue of Equity Shares ASIANPAINT 03-Nov-23 Interim Dividend
ACCELYA 06-Oct-23 Final Dividend – Rs. – 30.0000 PGHL 13-Nov-23 Final Dividend – Rs. – 50.0000
SURYAROSNI 06-Oct-23 Stock  Split From Rs.10/- to Rs.5/- PGHH 17-Nov-23 Final Dividend – Rs. – 105.0000
SIGACHI 09-Oct-23 Stock  Split From Rs.10/- to Rs.1/- GILLETTE 21-Nov-23 Final Dividend – Rs. – 50.0000

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