The NIFTY opened at 18752.35 almost at yesterday’s closing price without any gap. The index continued its previous day’s momentum and started moving lower. A decline of almost 100 points found support around 18650 and then prices formed a base there. The range broke on the upside after recording the intraday low at 18660.65.A rally started which lasted till the end. The momentum became strong towards the end, prices recorded its intraday high at 18839.70 and finally closed at 18816.70 with a gain of 61.25 points or 0.33% up. AUTO, IT, and METAL outperformed and closed with gains of nearly 1% followed by REALTY and FINANCIAL MEDIA underperformed today and closed with a loss of over 1% followed by PHARMA. Support is visible around 18650, Resistance may emerge around the lifetime high. We should look for buying only as far as the index is trading above the support levels.


The BANK NIFTY opened at 43597.55 with a gap down of just 47 points. The index continued moving lower but soon found support around 43400 and bounced up after recording its intraday low at 43345.95. A sharp rally came and the index came into positive territory. The rally continued with increased momentum and the index recorded its intraday high at 43823.95. Prices have finally closed at 43796.50 with a gain of 152 points. PSU and PVT BANK, both indices have performed almost the same today, saw a mild up move, and closed higher by 0.25% &0.38% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. NIFTY BANK continued moving inside a range. We have been tracking a trading range with support around 43400 and resistance around 44500.


LIC HOUSING FINANCE 390.55 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 391.70 with a stop loss of 387.85 and a target of 398.85.
CONCOR 636.35 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 634.75 with a stop loss of 638.40 and a target of 625.45.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INFY  1320 CE BUY 8.40 CMP 7.40 11.80 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HDFCAMC.23.06 Jun 2091.1 11.92 30.53 5066400 CONCOR.23.06 Jun 637.6 -3.92 12.92 6573000
PEL.23.06 Jun 842.5 5.69 4.79 8806600 IDEA.23.06 Jun 7.4 -3.27 1.1 500080000
SHRIRAMFIN.23.06 Jun 1560 5.67 7.92 6198000 PVR INOX LIMITED.2306J 1404.95 -1.47 9.58 3505491
LALPATHLAB.23.06 Jun 2226.05 4.43 8.04 1008000 IDFC.23.06 Jun 105.95 -1.44 0.32 182250000
RECLTD.23.06 Jun 160.75 4.35 10.78 59752000 BAJAJFINSV.23.06 Jun 1525 -1.25 6.48 8219500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BALKRISIND.23.06 Jun 2458.8 4.73 -1.29 1611600 ZEEL.23.06 Jun 174 -6.58 -0.15 81927000
L&TFH.23.06 Jun 121.45 2.58 -2.02 88151272 DELTACORP.23.06 Jun 247.35 -1.55 -0.65 16366000
IDFCFIRSTB.23.06 Jun 82.8 2.1 -1.2 225105000 BAJFINANCE.23.06 Jun 7281.95 -1.51 -1.44 3567625
EICHERMOT.23.06 Jun 3576.95 2.02 -1.63 3642100 DIXON.23.06 Jun 4551.15 -1.33 -0.74 1076375
BAJAJ-AUTO.23.06 Jun 4682.3 1.44 -0.24 2491500 SBICARD.23.06 Jun 896.95 -1.29 -1.67 7652000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Alkem 3383.9 -0.55 194961 136529 75.25 Nifty50 18816.7 0.33 99165
Hdfc Ltd. 2658.55 0.14 5495069 3867805 74.57 Niftybank 43766.5 0.3 99099
Coalindia 227.25 0.04 5024593 6060550 73.82 Nifty it 28930.8 0.78 99099
Godrej Cons Products Ltd 1071.9 0.48 715271 735808 72.29 India Vix 11.13 -0.78 103590
Maruti Suzuki India Ltd 9492.1 -0.42 612713 285275 72.22 Nifty Fmcg 52164.7 0.08 99099
Nmdc Limited 107.2 0.99 7834279 7229561 71.8 Nifty Pharma 13238.85 -0.19 99099
Mah & Mah Ltd. 1396.45 -0.43 1042428 1046083 70.84 Nifty Realty 515.85 0.49 99099
Britannia Ind Ltd. 5056.45 0.71 251372 137963 69.83 Nifty Auto 14785.65 0.74 99099
Power Grid Corporation o 248.75 2.32 10069774 5316456 67.95 Nifty Metal 6246.65 0.7 99099
Container Corp Of India 636.35 -3.72 2796342 852029 67.62 Nifty Financial Services 19502.9 0.4 99099


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

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

 USD: Initial Jobless Claims on 22nd June, 2023

USD: Existing Home Sales (May) on 22nd June, 2023


  • Benchmark indices ended on a positive note in a highly volatile session on June 20 with Nifty above 18,800. At close, the Sensex was up 159.40 points or 0.25percentat 63,327.70, and the Nifty was up 61.20 points or 0.33percentat 18,816.70. About 1,885 shares advanced, 1,527 shares declined, and 118 shares were unchanged.

  • Mazagon Dock Shipbuilders maintained its upward trajectory for the fourth consecutive session on June 20, rising more than 7 percent to end at a record closing high of Rs 1,307 on the National Stock Exchange.

  • Google seeks suppliers to move some Pixel production to India, Global tech giants are eyeing India as a manufacturing hub, shifting away from China after strict COVID-related restrictions hindered production in the country.

  • HMA Agro Industries’ Rs 480-crore initial public offering (IPO), which opened for bidding on June 20, has had a slow start, with only 8 percent of the issue subscribed by the afternoon.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AREYDRG Increase in Authorised Capital;Preferential Issue of shares 21-Jun-23 TFL General 22-Jun-23
BALUFORGE Preferential Issue of shares 21-Jun-23 TRIVENIGQ General 22-Jun-23
BFUTILITIE Audited Results 21-Jun-23 UNQTYMI General;A.G.M. 22-Jun-23
INDAGIV Audited Results 21-Jun-23 AVANTEL Stock  Split 23-Jun-23
JFL Audited Results;Half Yearly Results;General 21-Jun-23 BHANDERI Audited Results;Half Yearly Results 23-Jun-23
KBCGLOBAL General 21-Jun-23 LIKHAMI General 23-Jun-23
KSHITIJ General 21-Jun-23 NIRBHAYIND Increase in Authorised Capital;General;A.G.M.;Issue Of Warrants 23-Jun-23
MASFIN General 21-Jun-23 NITINCAST General 23-Jun-23
NARSM Audited Results 21-Jun-23 PECOS Final Dividend 23-Jun-23
SHISHIND Bonus issue;Employees Stock Option Plan;General 21-Jun-23 REMLIFE Bonus issue;General;Stock  Split 23-Jun-23
TULSYAN Audited Results;Quarterly Results 21-Jun-23 SREEL General 23-Jun-23
WARDWIZFBL General;Preferential Issue of shares 21-Jun-23 UNISTRMU General;Quarterly Results 23-Jun-23
ASIL General 22-Jun-23 WARDINMOBI General 23-Jun-23
MAHESH Audited Results 22-Jun-23 XOINFO General 23-Jun-23
MCCHRLS-B General 22-Jun-23 KSOLVES General 24-Jun-23
MPFSL General 22-Jun-23 PVVINFRA General 24-Jun-23
NAGARFERT Audited Results 22-Jun-23 RECLTD Final Dividend 24-Jun-23
PNBHOUSING General 22-Jun-23 SUPRAP General 24-Jun-23
PVP Preferential Issue of shares 22-Jun-23 VGIL General 24-Jun-23
RCCL Audited Results 22-Jun-23 AFFORDABLE General 26-Jun-23
RCF Audited Results 22-Jun-23 ESARIND General 26-Jun-23
SWANENERGY General 22-Jun-23 MAHALXSE General 26-Jun-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GULPOLY 21-Jun-23 Bonus issue 1:5 MIL 23-Jun-23 Final Dividend – Rs. – 0.1000
INDIAMART 21-Jun-23 Bonus issue 1:1 PLASTIBLEN 23-Jun-23 Final Dividend – Rs. – 4.0000
OBEROIRLTY 21-Jun-23 Final Dividend – Rs. – 4.0000 PNB 23-Jun-23 Dividend – Rs. – 0.6500
PANCARBON 21-Jun-23 Dividend – Rs. – 12.0000 RAYMOND 23-Jun-23 Final Dividend – Rs. – 3.0000
POLYCAB 21-Jun-23 Dividend – Rs. – 20.0000 SALORAINTL 23-Jun-23 E.G.M.
SHREDIGCEM 21-Jun-23 Final Dividend – Rs. – 2.5000 SKPSEC 23-Jun-23 Dividend – Rs. – 1.0000
SUPREMEIND 21-Jun-23 Final Dividend – Rs. – 20.0000 SKYIND 23-Jun-23 Final Dividend – Rs. – 1.0000
VIMTALABS 21-Jun-23 Final Dividend – Rs. – 2.0000 TORNTPHARM 23-Jun-23 Final Dividend – Rs. – 8.0000
AKI 22-Jun-23 Stock  Split From Rs.10/- to Rs.2/- TAPARIA 26-Jun-23 Final Dividend – Rs. – 77.5000
EMUDHRA 22-Jun-23 Final Dividend – Rs. – 1.2500 TATACOMM 26-Jun-23 Final Dividend – Rs. – 21.0000
RAINBOW 22-Jun-23 Final Dividend – Rs. – 3.0000 ANANTRAJ 27-Jun-23 Final Dividend – Rs. – 0.5000
SOLIMAC 22-Jun-23 Final Dividend – Rs. – 1.5000 BOMOXY-B1 27-Jun-23 Final Dividend – Rs. – 15.0000
TATAELXSI 22-Jun-23 Dividend – Rs. – 60.6000 SAGARSOFT 27-Jun-23 Dividend – Rs. – 2.0000
TATASTEEL 22-Jun-23 Final Dividend – Rs. – 3.6000 SPLPETRO 27-Jun-23 Final Dividend – Rs. – 7.0000
VTMLTD 22-Jun-23 Final Dividend – Rs. – 0.7000 THANGAMAYL 27-Jun-23 Final Dividend – Rs. – 6.0000
BALLARPUR 23-Jun-23 Resolution Plan -Suspension WELSPUNIND 27-Jun-23 Final Dividend – Rs. – 0.1000
BNRSEC 23-Jun-23 Dividend – Rs. – 1.5000 SKFINDIA 29-Jun-23 Final Dividend – Rs. – 40.0000
DALBHARAT 23-Jun-23 Final Dividend – Rs. – 5.0000 AEGISLOG 30-Jun-23 Final Dividend – Rs. – 1.2500
DBOL 23-Jun-23 Dividend – Rs. – 3.5000 ALUFLUOR 30-Jun-23 Final Dividend – Rs. – 2.0000
DIGIFIBRE 23-Jun-23 Income Distribution (InvIT) BAJAJ-AUTO 30-Jun-23 Final Dividend – Rs. – 140.0000
DUTRON 23-Jun-23 Dividend – Rs. – 1.4000 BAJAJFINSV 30-Jun-23 Final Dividend – Rs. – 0.8000
GHCL 23-Jun-23 Final Dividend – Rs. – 17.5000 BAJAJHLDNG 30-Jun-23 Final Dividend – Rs. – 13.0000

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