The NIFTY opened at 18723.30 with a gap up of 35 points. The index continued its early morning bullish momentum and moved higher towards 17800 but found resistance before reaching there. Prices recorded its intraday low at 187 10.50 in its early trades and formed a consolidation that lasted the whole afternoon. The range eventually broke on the upside. Prices have rallied sharply, recorded its intraday high at 18864.70, saw a minor dip towards the end, and finally closed at 18826 with a gain of 137.90 points or 0.74% up. BANK, FINANCIAL, and MEDIA outperformed today and closed with a gain of over 1% followed by FMCG and PHARMA. IT and REALTY underperformed today and closed with a loss. The short-term trend is up and there is no doubt about it as the index is trading near the current swing highs and also near the lifetime highs recorded at 18887.60. Support is now visible around 18650 while resistance may emerge around the lifetime high.


The BANK NIFTY opened at 43583.35 with a gap up of 130 points. The index continued its bullish momentum and started moving higher after recording its intraday low at 43536.95 in its initial trades. Prices formed a consolidation in the afternoon that broke on the upside. The index has seen a down move in the last hour of trading after recording its intraday high at 44083.25 and finally closed at 43906.55 with a gain of 453 points. PSU and PVT BANK, both indices have performed almost the same today, saw a sharp intraday rally, and closed higher by 1.46% & 1.29% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside followed by ICICI BANK. After two days of sharp fall, the BANK INDEX bounced up and dosed with some impressive gains. a trading range extended with support around 43400 and resistance around 44500. We should look for buying only.


BHARTI AIRTEL 797.05 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 801.90 with a stop loss of 795.00 and a target of 823.00.
PIDILITE IND 2550.35 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2545.25 with a stop loss of 2568.35 and a target of 2493.15.


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
HDFCLIFE.23.06 Jun 612.5 6.12 10.64 20311500 PVR INOX LIMITED.2306J 1453.75 -3.21 1.35 3137156
ASHOKLEY.23.06 Jun 165.2 4.86 8.65 61140000 BAJAJ-AUTO.23.06 Jun 4664.95 -1.47 3.41 2508250
RBLBANK.23.06 Jun 174.05 4.07 1.75 45825000 GUJGASLTD.23.06 Jun 479.3 -1.31 3.31 6016250
ICICIPRULI.23.06 Jun 535.3 4.03 3.16 11266500 TCS.23.06 Jun 3190.5 -1.14 0.85 12860750
EXIDEIND.23.06 Jun 216 4.02 4.22 17798400 NMDC.23.06 Jun 107.55 -0.6 1.89 56097000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MANAPPURAM.23.06 Jun 125.4 4.72 -8.6 57504000 PEL.23.06 Jun 786.05 -2.19 -2.47 7926600
IRCTC.23.06 Jun 668.35 3.52 -0.67 12255250 GODREJPROP.23.06 Jun 1541.8 -1.84 -1.13 3522400
DELTACORP.23.06 Jun 249.35 2.89 -1.83 16934400 PFC.23.06 Jun 198.05 -1.74 -3.8 62669600
BHEL.23.06 Jun 87.1 2.83 -6.08 86740500 ABFRL.23.06 Jun 209.8 -1.08 -3.16 26338000
RAIN.23.06 Jun 172.6 2.71 -1.81 11399500 SYNGENE.23.06 Jun 745.35 -0.98 -1.87 3041000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Larsen & Toubro Limited 2366.8 0.23 1794542 2160742 84.35 Nifty50 18826 0.74 40607770
Icici Lombard General In 1254.75 3.74 1685160 722271 81.38 Niftybank 43938.15 1.14 17405026
Hdfc Ltd. 2650.45 1.16 11656470 2783739 79.56 Nifty it 28588.8 -0.38 1677381
Sun Pharma  Ltd 992 0.36 3611214 2120889 77.64 India Vix 10.84 -2.17 696927156
Ultratech Cement Limited 8333.25 0 356982 298262 73.43 Nifty Fmcg 52440.2 0.76 517476
Power Grid Corporation o 246.45 0 7276771 5239548 71.78 Nifty Pharma 13241.95 0.62 57666969
Srf Ltd. 2397.45 1.28 418809 471104 69.47 Nifty Realty 517.1 -0.21 1470038805
Gujgasltd 478.6 -1.4 822598 726668 68.67 Nifty Auto 14768.45 0.41 51721325
Titan Company Limited 2954.3 1.59 1022389 387732 68.66 Nifty Metal 6231.5 0.46 122347484
Hcl Technologies Ltd. 1148.2 0.4 2909817 1435297 68.03 Nifty Financial Services 19456.9 1.19 5822542


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 23rd June, 2023

INR: Federal Fiscal Deficit (May) on 30th June, 2023

 USD: Building Permits (May) on 20th June, 2023

USD: Initial Jobless Claims on 22nd June, 2023


  • Benchmark indices ended on a strong note on June 16 with Nifty above 18,800. At close, the Sensex was up 466.95 points or 0.74% at 63,384.58, and the Nifty was up 137.90 points or 0.74% at 18,826. About 2050 shares advanced, 1388 shares declined, and 116 shares unchanged.

  • The grounding of Wadia-group-backed Go First has now become another opportunity that the country’s largest airline, IndiGo, used well, as it managed to record its highest-ever domestic market share of 61.4 percent in May.

  • An Indian delegation is currently in Taiwan, engaging with executives of Taiwanese contract manufacturer Foxconn to showcase India as an appealing destination for electric vehicle (EV) manufacturing, as per the Economic Times report on June 17.

  • India and the United States are set to collaborate on the production of fighter jet engines. Under the arrangement, General Electric and Hindustan Aeronautics Limited (HAL) will transfer approximately 80 percent of the jet engine technology by value.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
CANFINHOME General 19-Jun-23 SECURCRED General 20-Jun-23
CUBEXTUB General 19-Jun-23 ZBINTXPP General 20-Jun-23
DLCL Audited Results 19-Jun-23 ZHINUDYP General 20-Jun-23
EASTWEST General 19-Jun-23 BALUFORGE Preferential Issue of shares 21-Jun-23
GAL Audited Results;General 19-Jun-23 BFUTILITIE Audited Results 21-Jun-23
GANESHBE General 19-Jun-23 INDAGIV Audited Results 21-Jun-23
KUMPFIN A.G.M. 19-Jun-23 JFL Audited Results;Half Yearly Results;General 21-Jun-23
NINSYS Bonus issue;Increase in Authorised Capital 19-Jun-23 KSHITIJ General 21-Jun-23
PARSVNATH Audited Results;Dividend 19-Jun-23 MASFIN General 21-Jun-23
REGENTRP General 19-Jun-23 NARSM Audited Results 21-Jun-23
ROSEMER General;Preferential Issue of shares;Issue Of Warrants 19-Jun-23 SHISHIND Bonus issue;Employees Stock Option Plan;General 21-Jun-23
SHIVAEXPO Audited Results 19-Jun-23 TULSYAN Audited Results;Quarterly Results 21-Jun-23
SPAR General 19-Jun-23 WARDWIZFBL General;Preferential Issue of shares 21-Jun-23
ZGOLDINV Audited Results;General 19-Jun-23 ASIL General 22-Jun-23
AREYDRG Preferential Issue of shares 20-Jun-23 MAHESH Audited Results 22-Jun-23
ASWTR General;Preferential Issue of shares 20-Jun-23 MCCHRLS-B General 22-Jun-23
AURIONPRO Preferential Issue of shares;Issue Of Warrants 20-Jun-23 NAGARFERT Audited Results 22-Jun-23
LESHAIND General 20-Jun-23 RCCL Audited Results 22-Jun-23
MANAPPURAM General 20-Jun-23 RCF Audited Results 22-Jun-23
MKEXIM General 20-Jun-23 SWANENERGY General 22-Jun-23
QGO General 20-Jun-23 TRIVENIGQ General 22-Jun-23
SATIN General 20-Jun-23 UNQTYMI General;A.G.M. 22-Jun-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ACGL 19-Jun-23 Final Dividend – Rs. – 15.0000 VIMTALABS 21-Jun-23 Final Dividend – Rs. – 2.0000
ASHCAP 19-Jun-23 Bonus issue 1:2 AKI 22-Jun-23 Stock  Split From Rs.10/- to Rs.2/-
CRAFTSMAN 19-Jun-23 Final Dividend – Rs. – 11.2500 EMUDHRA 22-Jun-23 Final Dividend – Rs. – 1.2500
FUTSOL 19-Jun-23 Final Dividend – Rs. – 1.0000 RAINBOW 22-Jun-23 Final Dividend – Rs. – 3.0000
HINDUNILVR 19-Jun-23 Final Dividend – Rs. – 22.0000 SOLIMAC 22-Jun-23 Final Dividend – Rs. – 1.5000
VINCOFE 19-Jun-23 Right Issue of Equity Shares TATAELXSI 22-Jun-23 Dividend – Rs. – 60.6000
BANKINDIA 20-Jun-23 Dividend – Rs. – 2.0000 TATASTEEL 22-Jun-23 Final Dividend – Rs. – 3.6000
BLUESTARCO 20-Jun-23 Bonus issue 1:1 VTMLTD 22-Jun-23 Final Dividend – Rs. – 0.7000
CEATLTD 20-Jun-23 Final Dividend – Rs. – 12.0000 BALLARPUR 23-Jun-23 Resolution Plan -Suspension
CERA 20-Jun-23 Dividend – Rs. – 50.0000 BNRSEC 23-Jun-23 Dividend – Rs. – 1.5000
DREDGECORP 20-Jun-23 E.G.M. DALBHARAT 23-Jun-23 Final Dividend – Rs. – 5.0000
MFL 20-Jun-23 Final Dividend – Rs. – 2.5000 DBOL 23-Jun-23 Dividend – Rs. – 3.5000
MOL 20-Jun-23 Final Dividend – Rs. – 1.4000 DUTRON 23-Jun-23 Dividend – Rs. – 1.4000
NEWGEN 20-Jun-23 Final Dividend – Rs. – 5.0000 GHCL 23-Jun-23 Final Dividend – Rs. – 17.5000
SAGCEM 20-Jun-23 Final Dividend – Rs. – 0.7000 MIL 23-Jun-23 Final Dividend – Rs. – 0.1000
GULPOLY 21-Jun-23 Bonus issue 1:5 PLASTIBLEN 23-Jun-23 Final Dividend – Rs. – 4.0000
INDIAMART 21-Jun-23 Bonus issue 1:1 PNB 23-Jun-23 Dividend – Rs. – 0.6500
OBEROIRLTY 21-Jun-23 Final Dividend – Rs. – 4.0000 RAYMOND 23-Jun-23 Final Dividend – Rs. – 3.0000
PANCARBON 21-Jun-23 Dividend – Rs. – 12.0000 SALORAINTL 23-Jun-23 E.G.M.
POLYCAB 21-Jun-23 Dividend – Rs. – 20.0000 SKPSEC 23-Jun-23 Dividend – Rs. – 1.0000
SHREDIGCEM 21-Jun-23 Final Dividend – Rs. – 2.5000 SKYIND 23-Jun-23 Final Dividend – Rs. – 1.0000
SUPREMEIND 21-Jun-23 Final Dividend – Rs. – 20.0000 TORNTPHARM 23-Jun-23 Final Dividend – Rs. – 8.0000

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