The NIFTY opened at 19678.20 without much of a gap. The index initially moved sideways which eventually broke on the downside and prices have seen a mild down move. The decline found support very quickly and prices again formed a range but this time broke on the upside. A sharp rally came and then the index saw a dip and a recovery towards the end. Prices recorded their intraday low at 19601.55, their intraday high at 19734.15, and finally closed at 19674.55 near their opening tick and the previous day’s closing tick without any change. REALTY outperformed and gained 1.52% followed by BANK and FINANCIAL. IT and MEDIA underperformed by losing nearly 1% followed by OIL GAS and PHARMA. METAL, AUTO, and FMCG ended almost on a flat note. The short-term trend is sideways. The index has broken their last four days of losing streak and took a pause by ending flat. We have been tracking support around 19700 and resistance around 20200.


The BANK NIFTY opened at 44615 without much of a gap. The index initially moved lower and then started moving sideways around 44500. Prices recorded their intraday low at 44400.90, saw a breakout, and moved up very sharply. The Index recorded its intraday high at 44936.55, saw a sharp dip, and then a recovery towards the end. Prices have finally closed at 4475840 with a gain of 119 points. PVT BANK has outperformed, saw a mild upside move, and dosed with a gain of 0.45% PSU BANK has also moved up and ended with a gain of 0.16% Within the index, in terms of points, ICICI BANK contributed the highest on the upside while SBIN contributed the least. The short-term trend is sideways. A sharp decline seems to now finding support around 44600 for the past three trading days and, we have seen a bounced up. Resistance is visible around 46200.


BANK OF BARODA 217.40 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 218.35 with a stop loss of 216.15 and a target of 222.95.
HERO MOTO CORP 2974.70 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2967.10 with a stop loss of 3006.10 and a target of 2893.60.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
COLPAL  2000 CE BUY 50.65 CMP 42.50 76.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MCX.23.09 Sep 1901 6.41 0.97 2908800 SBILIFE.23.09 Sep 1296.45 -2 12.1 8475750
BALRAMCHIN.23.09 Sep 439.05 5.99 5.34 9243200 ICICIGI.23.09 Sep 1319.8 -1.78 0.31 2732000
BAJFINANCE.23.09 Sep 7830 4.55 11.15 4044125 SBICARD.23.09 Sep 788.5 -1.39 5.15 10085600
TRENT.23.09 Sep 2145 3.95 2.04 3321200 GODREJCP.23.09 Sep 976.15 -1.25 7.72 8815000
PNB.23.09 Sep 80.2 3.55 8.66 213456000 DRREDDY.23.09 Sep 5459 -1.22 5.95 2426875
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RAMCOCEM.23.09 Sep 902 5.02 -12.72 2531300 DELTACORP.23.09 Sep 146.3 -16.66 -9.86 11421200
IRCTC.23.09 Sep 690.5 4.09 -17.13 12081125 GRANULES.23.09 Sep 330.6 -2.13 -6.64 9954000
ESCORTS.23.09 Sep 3251 3.91 -1.39 1286450 CANBK.23.09 Sep 375.65 -1.97 -6.98 40284000
DALBHARAT.23.09 Sep 2332.55 3.48 -0.99 1250500 GLENMARK.23.09 Sep 789 -1.86 -7.33 7845950
HINDCOPPER.23.09 Sep 157.45 2.71 -1.81 27920400 HINDALCO.23.09 Sep 470 -1.75 -4.78 23385600

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Pidilite Industries Ltd 2494.5 -0.92 219117 277125 79.55 Nifty50 19674.55 0 86166
Godrej Cons Products Ltd 976.85 -0.94 557733 1158737 78.32 Niftybank 44766.1 0.35 86166
Sbi Life Insurance Compa 1294.15 -1.87 908011 834887 76.96 Nifty it 32648.6 -0.78 86166
Ultratech Cement Limited 8206.2 0.23 467415 393005 74.88 India Vix 10.9 2.25 86166
Tvs Motor Company Limite 1515.55 1.44 1238681 766073 73.07 Nifty Fmcg 51642.45 0.07 86166
Page Industries Limited 39434.35 0.1 10921 20101 71.96 Nifty Pharma 15017.4 -0.34 86166
Sbi Cards And Payment Se 787.4 -1.38 1742922 1472199 71.68 Nifty Realty 570.05 1.52 86166
Syngene 770.05 -0.18 295533 651006 70.6 Nifty Auto 16221.55 -0.08 86160
Marico Limited 578.8 0.85 1047109 611962 70.19 Nifty Metal 6754.25 -0.11 86160
Oil & Natural Gas Corp 185.5 0.22 5540062 5445722 69.68 Nifty Financial Services 19842.6 0.56 86160

Upcoming Economic Data

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

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

USD: Building Permtheir on 26th September, 2023

USD: New Home Sales (Aug) on 26th September, 2023

News Updates

  • The Indian benchmark indices broke a four-day losing streak to end on a flat note in a highly volatile session on September 25. At close, the Sensex was up 14.54 points or 0.02 percent at 66,023.69, and the Nifty was up 0.30 points at 19,674.55.

  • The public issue of JSW Infrastructure was subscribed 28 percent so far on debut, with bids coming in for 3.81 crore equity shares against an IPO size of 13.62 crores on September 25. All investors have started participating in the first public issue of the JSW Group company in the last 13 years, with retail investors buying 1.08 times the allotted quota and high net-worth individuals 31 percent shares.

  • India is considering spending 600 billion rupees ($7.2 billion) to provide subsidised loans for small urban housing over the next five years, two government sources told Reuters. Banks are likely to roll out the scheme in a couple of months, ahead of key state elections later this year and general elections due in mid-2024. Last month, the South Asian country cut cooking gas prices for households by about 18% to rein in inflation ahead of elections.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
CORALAB General 26-Sep-23 GOODLUCK Issue Of Warrants 03-Oct-23
TAPARIA General 26-Sep-23 KRRAIL General 03-Oct-23
VINNY Right Issue of Equity Shares;Increase in Authorised Capital 26-Sep-23 CRESSAN General;Preferential Issue of shares 04-Oct-23
ZUARIIND General 26-Sep-23 BAJFINANCE General 05-Oct-23
BARBEQUE General 27-Sep-23 HCLTECH Quarterly Results;Interim Dividend 12-Oct-23
CANFINHOME General 27-Sep-23 HDFCAMC Quarterly Results 12-Oct-23
HDIL Quarterly Results 27-Sep-23 INFY Audited Results;Interim Dividend 12-Oct-23
INFRAIND General 27-Sep-23 KSOLVES Interim Dividend;Quarterly Results 15-Oct-23
KAARYAFSL General 27-Sep-23 ZENSARTECH Quarterly Results 17-Oct-23
KFINTECH Buy Back of Shares;General 27-Sep-23 PERSISTENT General;Quarterly Results 18-Oct-23
KINGSINFR General 27-Sep-23 COFORGE Interim Dividend;Quarterly Results 19-Oct-23
LIKHITHA General 27-Sep-23 MPHASIS Quarterly Results 19-Oct-23
RITCO Employees Stock Option Plan;Issue Of Warrants;General 27-Sep-23 ULTRACEMCO Quarterly Results 19-Oct-23
SWSOLAR General 27-Sep-23 JUBLFOOD Quarterly Results 25-Oct-23
LORDSHOTL General 28-Sep-23 LAXMIMACH Quarterly Results 25-Oct-23
MUFIN Issue Of Warrants;General;Preferential Issue of shares 28-Sep-23 TECHM Audited Results;Quarterly Results 25-Oct-23
DILIGENT A.G.M. 29-Sep-23 ASIANPAINT Interim Dividend;Quarterly Results 26-Oct-23
SMAUTO General 29-Sep-23 DRREDDY Quarterly Results 27-Oct-23
VAICC A.G.M. 29-Sep-23 LATENTVIEW Quarterly Results 27-Oct-23
AAPLUSTRAD A.G.M. 30-Sep-23 CASTROLIND Quarterly Results 30-Oct-23
INTETHR A.G.M. 30-Sep-23 MARUTISE Quarterly Results 30-Oct-23
NECCLTD General 30-Sep-23 METALFORGE Quarterly Results 31-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SHRADHAIND 26-Sep-23 Stock  Split From Rs.10/- to Rs.5/- ACCELYA 06-Oct-23 Final Dividend – Rs. – 30.0000
SEMAC 27-Sep-23 Final Dividend – Rs. – 5.0000 SIGACHI 09-Oct-23 Stock  Split From Rs.10/- 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/- HCLTECH 20-Oct-23 Interim Dividend
HPIL 29-Sep-23 Final Dividend – Rs. – 0.5000 SVRL 27-Oct-23 Bonus issue 1:1
MAHSCOOTER 29-Sep-23 Interim Dividend – Rs. – 110.0000 ASIANPAINT 03-Nov-23 Interim Dividend
SINCLAIR 29-Sep-23 Buy Back of Shares PGHL 13-Nov-23 Final Dividend – Rs. – 50.0000
SYSCHEM 29-Sep-23 Right Issue of Equity Shares PGHH 17-Nov-23 Final Dividend – Rs. – 105.0000

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