The NIFTY opened at 18368.35 with a gap up of 47 points. Initially, the Index saw a down move, filled the gap, and then found support there around the 18300 level. Prices have recorded its intraday low at 18333.15 within the first 10 minutes of trading and then started moving higher. The index took a pause in the afternoon and then again resumed on the upside. Prices have further moved up which lasted till the end and recorded its intraday high at 18508.55. The index finally closed at 18499.35 with a gain of 178.20 points or 0.97% up. All the sectoral indices have performed well today and closed with gains led by MEDIA FMCG, IT, METAL, PHARMA, and REALTY also did well and gained more than 1%. a trading range inside the 18100-18400 zones. This range has seen a decisive breakout on the upside. The breakout is giving us a pattern target of around 18700.The short-term trend is up now which was sideways before. The support is now visible around 18200 while the resistance may emerge around 18600 which is very near. We should look for buying only as far as the index is trading above the breakout point at 18400.


The BANK NIFTY opened at 43765.35 with a gap up of 86 points. Initially, the index moved lower and formed a trading range. Prices have consolidated for about two hours and then broke on the upside after recording it intraday low at 43588.80. The index rallied sharply for the rest of the day and broke above 44000 to record its intraday high at 44067.60. Prices have finally closed at 43996.50 with a gain of 317 points. PSU BANK has outperformed today, saw a sharp upside move, and closed with a gain of 1.21% PVT BANK has also moved up today and ended with a gain of 0.78% Within the index, in terms of points, ICICI BANK contributed the highest on the upside while BANDHAN BANK contributed the lowest. Support is visible around 43400 while resistance is visible around the lifetime high recorded at 44150. Since the range is very narrow so we may see a breakout very soon.


IBULHSG FINANCE 113.55 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 115 with a stop loss of 111.60 and a target of 123.50.
ONGC 163.75 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 162.25 with a stop loss of 164.30 and a target of 159.25.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TCS  3400 CE BUY 30.85 ABOVE 34 25 52 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SBILIFE.23.06 Jun 1173.2 0.15 14.82 1644750 MFSL.23.06 Jun 674.15 -0.85 2.34 1222650
RAIN.23.06 Jun 148.45 0.03 42.73 11070500 INTELLECT.23.06 Jun 568.15 -0.27 5.49 3131000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CUMMINSIND.23.06 Jun 1652.85 3.74 -75.6 147000 TATACHEM.23.06 Jun 954.95 -3.38 -66.15 305500
JUBLFOOD.23.06 Jun 489.6 3.55 -69.76 823750 ASHOKLEY.23.06 Jun 145.2 -3.17 -66.67 3660000
IDFC.23.06 Jun 94.5 3.5 -70.83 12910000 INDIACEM.23.06 Jun 184.85 -2.68 -86.26 588700
INDUSTOWER.23.06 Jun 147.85 3.5 -75.47 1162000 DEEPAKNTR.23.06 Jun 2083.75 -2.3 -33.41 303000
IDFCFIRSTB.23.06 Jun 67.9 3.03 -69.52 11685000 GRANULES.23.06 Jun 273.3 -1.92 -75.78 578000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Atul Ltd. 6792.75 2.36 50547 52916 81.06 Nifty50 18499.35 0.97 29555512
Petronet Lng Limited 224.9 -0.27 871344 1282210 77.47 Niftybank 44018 0.77 12415103
Hdfc Ltd. 2650.6 0.12 6244230 3611070 76.94 Nifty it 29355.9 1.48 1000038
Torrent Pharma Ltd. 1700.25 -0.06 160775 309317 76.33 India Vix 11.9 -4.95 4.44E+08
Alkem 3345.85 0.65 140257 170353 75.16 Nifty Fmcg 50388 1.47 450892
Icici Lombard General In 1099.95 1.82 658681 428170 74.52 Nifty Pharma 12601.55 1.17 43426477
Sbi Life Insurance Compa 1195.75 1.56 703725 818780 72.06 Nifty Realty 472.55 1.25 1.16E+09
Indigo 2323.35 0.77 625438 1000541 71.9 Nifty Auto 14130.45 0.72 38662386
Sun Pharma  Ltd 969.9 2.63 4137189 1640301 70.35 Nifty Metal 5935.4 1.07 92097392
Nestleind 21581.75 0.5 63159 56242 69.01 Nifty Financial Services 19370.5 0.68 4250494


   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (Mar) on 31st May, 2023

INR: GDP Quarterly (YoY) (Q4) on 31st May, 2023

 USD: CB Consumer Confidence (May) on 30th May, 2023

USD: JOLTs Job Openings (Apr) on 31st May, 2023


  • Benchmark indices ended higher on the first day of the June series with Nifty at 18,500. At close, the Sensex was up 629.07 points or 1.02 percentat 62,501.69, and the Nifty was up 178.10 points or 0.97percentat 18,499.30. About 1,879 shares advanced, 1,503 shares declined, and 138 shares were unchanged.

  • Zee-Sony merger: NCLAT quashes NCLT order asking BSE, NSE to review approvals to the deal. NCLT had on May 11 directed the exchanges to reassess and validate the non-compete clause of the merger, which was approved by the Securities and Exchange Board of India.

  • Grasim Industries posted a net profit of Rs 93.5 crore for the fourth-quarter, reflecting a whopping decline of 88.5 percent year-on-year from Rs 814 crore in the year-ago period. The net profit was also significantly below CNBC-TV18’s estimate of Rs 329 crore.

  • Samvardhana Motherson Q4: Revenues jump 30%; Margins 170 bps higher. Earnings before interest, tax, depreciation and amortisation (EBITDA) is 60 percent higher at Rs 2,021 crore, while EBITDA margins improved 170 bps to 9 percent.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
4THGEN Quarterly Results;Audited Results 29-May-23 ALLCARGO Audited Results;General 29-May-23
AADHAARVEN General;Audited Results 29-May-23 ALPA Audited Results 29-May-23
AAGAMCAP General;Audited Results 29-May-23 ALPINEHOU Audited Results 29-May-23
AANANDALAK Audited Results 29-May-23 AMARJOTHI Audited Results;General;Dividend 29-May-23
ABHICAP Audited Results;General 29-May-23 AMBIT Audited Results 29-May-23
ABHIINFRA Audited Results 29-May-23 AMFORG Audited Results 29-May-23
ABHISHEK Audited Results 29-May-23 AMNPLST Quarterly Results;Audited Results;Dividend 29-May-23
ABVL Audited Results 29-May-23 AMSONS Quarterly Results 29-May-23
ACEENGITEC Audited Results 29-May-23 ANDREWYU Audited Results;Final Dividend 29-May-23
ACFL Audited Results 29-May-23 ANJANIFIN Quarterly Results 29-May-23
ACIASIA Audited Results;General 29-May-23 ANSALBU Quarterly Results;Audited Results;A.G.M.;Dividend 29-May-23
ACME Audited Results 29-May-23 ANSALHSG Quarterly Results;Audited Results;A.G.M.;Final Dividend 29-May-23
ADANITRANS Audited Results 29-May-23 ANUROOP Audited Results 29-May-23
ADARSH Audited Results 29-May-23 APOLLO Audited Results;General 29-May-23
ADINATH Audited Results 29-May-23 ARCFIN Audited Results;General 29-May-23
ADISHAKTI Audited Results;General 29-May-23 ARENTERP Audited Results 29-May-23
ADITYA Audited Results;General 29-May-23 AREYDRG Audited Results 29-May-23
ADORFO Audited Results;A.G.M.;Final Dividend 29-May-23 ARL Audited Results;General 29-May-23
ADSDIAG Quarterly Results;Audited Results;General;A.G.M.;Dividend 29-May-23 ARYAMAN Audited Results;General 29-May-23
ADVIKLA Audited Results 29-May-23 ARYAN Audited Results;General 29-May-23
AGIIL Audited Results;General 29-May-23 ASAHISONG Audited Results 29-May-23
AIMCOPEST Audited Results;Final Dividend 29-May-23 ASCENSIVE Audited Results;Issue Of Warrants 29-May-23
AJWAFUN Audited Results 29-May-23 ASHIKA Audited Results;Final Dividend 29-May-23
ALFL Audited Results 29-May-23 ASHUTPM Audited Results 29-May-23
ALKA Audited Results 29-May-23 ASIACAP Audited Results 29-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANANDRATHI 29-May-23 Final Dividend – Rs. – 7.0000 EDELWEISS 02-Jun-23 Spin Off
DATAINFRA 29-May-23 Income Distribution (InvIT) HAVELLS 02-Jun-23 Final Dividend – Rs. – 4.5000
IRB 29-May-23 Interim Dividend – Rs. – 0.0750 INDUSINDBK 02-Jun-23 Final Dividend – Rs. – 14.0000
MMFL 29-May-23 Interim Dividend – Rs. – 6.0000 INFY 02-Jun-23 Final Dividend – Rs. – 17.5000
ITC 30-May-23 Final Dividend – Rs. – 6.7500 JSWENERGY 02-Jun-23 Final Dividend – Rs. – 2.0000
ITC 30-May-23 Special Dividend – Rs. – 2.7500 MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
PRAXIS 30-May-23 Right Issue of Equity Shares NECCLTD 02-Jun-23 Right Issue of Equity Shares
RALLIS 30-May-23 Final Dividend – Rs. – 2.5000 PAGEIND 02-Jun-23 Interim Dividend
SHREERAMA 30-May-23 Right Issue of Equity Shares STEELCAS 02-Jun-23 Special Dividend – Rs. – 3.1500
VEDL 30-May-23 Interim Dividend – Rs. – 18.5000 SYLPH 02-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
ADVANIHOTR 31-May-23 Interim Dividend – Rs. – 1.4000 HARDWYN 05-Jun-23 Bonus issue 1:3
BGJL 31-May-23 Right Issue of Equity Shares HARDWYN 05-Jun-23 Stock  Split From Rs.10/- to Rs.1/-
DBCORP 31-May-23 Interim Dividend – Rs. – 3.0000 SHYAMMETL 05-Jun-23 Interim Dividend – Rs. – 1.8000
LODHA 31-May-23 Bonus issue 1:1 NELCO 06-Jun-23 Dividend – Rs. – 2.0000
PGINVIT 31-May-23 Income Distribution (InvIT) PRIMESECU 06-Jun-23 Dividend – Rs. – 0.5000
SBIN 31-May-23 Dividend – Rs. – 11.3000 MARKSANS 07-Jun-23 Final Dividend
APTECHT 01-Jun-23 Interim Dividend – Rs. – 6.0000 SESHAPAPER 07-Jun-23 Dividend – Rs. – 6.0000
SHREECEM 01-Jun-23 Interim Dividend – Rs. – 55.0000 TATAPOWER 07-Jun-23 Final Dividend – Rs. – 2.0000
SIL 01-Jun-23 Interim Dividend – Rs. – 0.8000 UNIPARTS 07-Jun-23 Interim Dividend – Rs. – 6.0000
TRIDENT 01-Jun-23 Interim Dividend – Rs. – 0.3600 BIKAJI 08-Jun-23 Final Dividend – Rs. – 0.7500
ANZEN 02-Jun-23 Income Distribution (InvIT) PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
AXITA 02-Jun-23 Buy Back of Shares RCL 08-Jun-23 Stock  Split From Rs.10/- to Rs.1/-

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