The NIFTY opened at 17634.90 with a gap up of 35 points. After the opening tick, the index started moving down but found support soon and started a consolidation process, Prices have seen a breakout on the upside and the index rallied sharply Prices have found resistance just below 17700 and started drifting downwards sharply Prices have recorded its intraday high at 17694.10, intraday low at 17597.95, and finally closed at 17624.05 near the previous day’s closing price with again of just 24.90 points or 0.14% up. The REALTY continued its outperformance for the second day and ended with a gain of over 4% followed by AUTO, BANK, FINANCIAL, and FMCG underperformed and ended with a loss. The short-term trend is up as the NIFTY has been closing higher for the past 6 trading days.


The BANK NIFTY opened at 41116.15 with a gap up of 83 points. The index could not sustain at the higher levels and started drifting downwards In the afternoon, prices have made an attempt to recover but failed to do so. The index again fell sharply in the second half. Prices have recorded its intraday high at 41139.85 in its initial trades, intraday low at 40727.25 towards the end, and finally closed at 40796.45 with a loss of 237 points. 41033.25 with a gain of just 26 points. PSU and PVT BANK both indices have performed almost the same, saw a sharp intraday decline, and closed lower with a loss of 0.63% &0.51% respectively. Within the index, in terms of points, BANDHAN BANK contributed the highest on the upside while ICICI BANK contributed the lowest. BANK NIFTY traded very volatile today and ended with a loss after six days on consecutive higher closes. The last three days were very narrow and prices are making a bearish pattern on the lower timeframe chart (30 minutes). Tomorrow, we should look for a shorting opportunity on an intraday basis.


POWER GRID 229.05 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 229.45 with a stop loss of 227.35 and a target of 233.60.
SBI LIFE 1106.25 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1103.80 with a stop loss of 1114.15 and a target of 1083.70.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INFY   1440 CE BUY 29 CMP 24 41 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GODREJPROP.23.04 Apr 1231.9 8.94 11.74 4972075 IDFC.23.04 Apr 77.5 -3.12 2.32 163940000
PFC.23.04 Apr 167.25 6.06 8.19 58658200 PETRONET.23.04 Apr 229.8 -2.79 4.25 13236000
TATAMOTORS.23.04 Apr 463.7 5.71 14.02 57292125 IDFCFIRSTB.23.04 Apr 53.95 -2.44 4.17 183780000
RECLTD.23.04 Apr 124.75 4.79 3.92 54112000 HAVELLS.23.04 Apr 1170.75 -2.21 8.96 4091500
ONGC.23.04 Apr 157.45 4.03 11.78 47824700 ICICIPRULI.23.04 Apr 434.8 -1.94 0.47 12787500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
DLF.23.04 Apr 406.2 5.82 -3.49 38692500 CHOLAFIN.23.04 Apr 832.4 -1.57 -4.8 11927500
DIXON.23.04 Apr 2940.45 2.58 -2.65 761000 INDUSINDBK.23.04 Apr 1071.9 -1.14 -2.49 24104250
CANFINHOME.23.04 Apr 583.4 2.5 -0.27 3893175 GMRINFRA.23.04 Apr 43.9 -0.79 -0.64 142155000
ABFRL.23.04 Apr 222.45 2.49 -3.09 25682800 DALBHARAT.23.04 Apr 1994.2 -0.78 -0.4 1969500
ADANIENT.23.04 Apr 1807.65 2.47 -0.18 7903500 UBL.23.04 Apr 1401 -0.73 -0.42 1218400


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Max Financial Services l 627.2 -1.08 493750 1528758 80.94 Nifty50 17624.05 0.14 25635243
Pidilite Industries Ltd 2355.7 1.01 277272 277393 75.24 Niftybank 40834.65 -0.5 11037107
Ntpc Limited 177.6 1.37 10968456 5210960 72.79 Nifty it 29041.6 0.96 715819
Petronet Lng Limited 228.5 -3.1 4922368 1477494 71.62 India Vix 12.27 3.98 369955731
Britannia Ind Ltd. 4266.4 -0.78 253654 143451 68.73 Nifty Fmcg 45909.65 -0.43 266002
Sbi Cards And Payment Se 739.5 -1.49 914884 1107852 68.07 Nifty Pharma 12298.75 0.2 36751228
Dr. Reddys Lab Ltd 4759.65 1.28 184154 194438 66.57 Nifty Realty 421.35 4.29 1081867493
Sbi Life Insurance Compa 1106.25 -0.9 985731 635120 66.21 Nifty Auto 12616.75 1.18 35905340
Bata India Ltd. 1404 0.09 315861 338864 65.91 Nifty Metal 5570.25 0.76 81160081
Indian Hotels Co. Ltd. 328 0.38 3406679 2545378 65.59 Nifty Financial Services 18390.7 -0.39 5816149


   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Mar)  on 12th April, 2023

INR: Industrial Production (YoY) (Feb) on 12th April, 2023

 USD: CPI (YoY) (Mar) on 12th April, 2023

USD: FOMC Meeting Minutes on 12th April, 2023


  • Benchmark indices ended on flat note in the highly volatile session on April 10. At close, the Sensex was up 13.54 points or 0.02 percentat 59,846.51, and the Nifty was up 24.80 points or 0.14 percentat 17,624. About 1,965 shares advanced, 1,568 shares declined, and 146 shares were unchanged.

  • Tamil Nadu Governor RN Ravi on April 10 approved a bill to ban online gambling, including online rummy and poker with stakes in the state, dealing a blow to the nascent but fast-growing skill gaming sector.

  • Weather forecasting company Skymet anticipates ‘below normal’ monsoon in India with 94 percent of the long period average (LPA) rainfall of 868.6mm for four months from June to September 2023. In its earlier foreshadow released on January 4, Skymet assessed the monsoon to be sub-par and now retains the same..

  • Real estate developer Godrej Properties has reported a 19 percent jump in sales volumes for the fourth quarter in terms of area from 4.42 million square feet (sq ft) to 5.25 million sq ft, while the same for the full financial year surged 40 percent from 10.84 million sq ft to 15.21 million sq ft.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADVIKCA Increase in Authorised Capital;General 11-Apr-23 INFY Audited Results;Final Dividend 13-Apr-23
DELTACORP Audited Results;Final Dividend 11-Apr-23 MANRAJH General 13-Apr-23
EXPLEOSOL General 11-Apr-23 ROSELABS Audited Results 13-Apr-23
GISOLUTION Right Issue of Equity Shares 11-Apr-23 UNITDCR General 13-Apr-23
JAIMATAG Audited Results 11-Apr-23 GALACTICO Quarterly Results 14-Apr-23
MPSLTD General 11-Apr-23 HDFCBANK Audited Results 15-Apr-23
TIERRA Audited Results 11-Apr-23 ANGELONE Audited Results;Final Dividend;Quarterly Results 17-Apr-23
UGROCAP Increase in Authorised Capital;Preferential Issue of shares 11-Apr-23 MORGANITE Quarterly Results 17-Apr-23
ANANDRATHI Audited Results;Final Dividend 12-Apr-23 ICICIGI Audited Results;Final Dividend 18-Apr-23
DHARSUGAR Quarterly Results 12-Apr-23 SCHAEFFLER Quarterly Results 18-Apr-23
MARSONS Preferential Issue of shares 12-Apr-23 TATACOFFEE Audited Results;Dividend 18-Apr-23
NATIONSTD Quarterly Results 12-Apr-23 VIVANTA Quarterly Results 18-Apr-23
NESTLEIND Interim Dividend 12-Apr-23 ISEC Audited Results;Final Dividend 19-Apr-23
RKDAGRRTL General 12-Apr-23 TATACOMM Audited Results;Final Dividend 19-Apr-23
SEL Audited Results 12-Apr-23 AMAL Audited Results 20-Apr-23
STDSFAC General 12-Apr-23 CYIENT Quarterly Results 20-Apr-23
TCS Audited Results;Final Dividend 12-Apr-23 FAMILYCARE Bonus issue;General 20-Apr-23
VENLONENT General 12-Apr-23 HCLTECH Audited Results;Interim Dividend 20-Apr-23
VSSL Bonus issue 12-Apr-23 ICICIPRULI Audited Results 20-Apr-23
AMALGAM A.G.M.;Audited Results;Increase in Authorised Capital;Preferential Issue of shares 13-Apr-23 IONEXCHANG Stock  Split 20-Apr-23
AVANTEL Audited Results;Final Dividend 13-Apr-23 TTKHEALTH Voluntary Delisting of Shares 20-Apr-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SCHAEFFLER 11-Apr-23 Final Dividend – Rs. – 24.0000 FISCHER 20-Apr-23 E.G.M.
EMAMILTD 12-Apr-23 Buy Back of Shares HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000
ESARIND 12-Apr-23 E.G.M. GSCLCEMENT 21-Apr-23 Amalgamation
INFRATRUST 12-Apr-23 Income Distribution (InvIT) JETINFRA 21-Apr-23 Bonus issue 1:1
VBL 12-Apr-23 Final Dividend – Rs. – 1.0000 KAARYAFSL 21-Apr-23 E.G.M.
VISAKAIND 12-Apr-23 Interim Dividend – Rs. – 7.0000 NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000
BRITANNIA 13-Apr-23 Interim Dividend – Rs. – 72.0000 NESTLEIND 21-Apr-23 Interim Dividend
COMFINTE 13-Apr-23 Stock  Split From Rs.10/- to Rs.1/- PRERINFRA 21-Apr-23 Right Issue of Equity Shares
EDELWEISS 13-Apr-23 Interim Dividend – Rs. – 0.2500 TIPSINDLTD 21-Apr-23 Stock  Split From Rs.10/- to Rs.1/-
GOODLUCK 13-Apr-23 Interim Dividend – Rs. – 2.0000 ACHYUT 25-Apr-23 Bonus issue 1:2
IZMO 13-Apr-23 E.G.M. VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
MUFIN 13-Apr-23 Stock  Split From Rs.2/- to Rs.1/- ABB 27-Apr-23 Dividend – Rs. – 5.5000
SDBL 13-Apr-23 Right Issue of Equity Shares HCLTECH 28-Apr-23 Interim Dividend
FLOMIC 17-Apr-23 E.G.M. JOSTS 28-Apr-23 Stock  Split From Rs.5/- to Rs.2/-
ALLCARGO 18-Apr-23 Spin Off KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
DHAMPURSUG 18-Apr-23 Special Dividend – Rs. – 1.0000 SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
DHAMPURSUG 18-Apr-23 Interim Dividend – Rs. – 5.0000 SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000
MUTHOOTFIN 18-Apr-23 Interim Dividend – Rs. – 22.0000 STOVACQ 02-May-23 Final Dividend – Rs. – 47.0000
CORNE 20-Apr-23 E.G.M. CASTROLIND 04-May-23 Final Dividend – Rs. – 3.5000
DREDGECORP 20-Apr-23 E.G.M. RCL 31-May-23 Stock  Split From Rs.10/- to Rs.1/-

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