The NIFTY opened at 18124.80 with a gap up of 89 points. The index recorded its intraday low at 18101.75 in its initial trades and saw a sharp upside move. However, the upside move could not go much higher and started facing resistance. The index formed a trading range and kept on moving sideways till the end. Prices have recorded its intraday high at 18180.25 in the afternoon and finally closed at 18147.65 with a gain of 82.65 points or 0.46% up. All the sectoral indices have moved up and closed with gains except FMCG, PHARMA, and REALTY which ended with a marginal loss. The METAL, IT, and OIL GAS outperformed and gained over 1% followed by AUTO and MEDIA. On the daily timeframe chart, we have been following a pattern of Bullish Head & Shoulder with a pattern target around 18800. We should look for buying only as long as prices are trading above 17800 support.


The BANK NIFTY opened at 43395.05 with a gap up of 169 points. The index recorded its intraday low at 43269.40 in its initial trades and saw an upside move. However, prices could not move much higher and formed a narrow trading range. The index continued moving sideways till the end, recorded its intraday high at 43483.85 and finally closed at 43305.35 with a gain of 79 points. PSU and PVT BANKS both indices have performed almost the same, saw a mild up move, and dosed higher by 0.59% &0.36% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while KOTAK BANK contributed the lowest. The DOJI indicates indecision amongst the traders and that will resolve very soon one way or the other. Since the index has seen a sharp upside move in recent days so we are expecting a dip or a brief consolidation. The short-term trend is up. Support is now visible around 42500 while resistance is visible around 43500. The index came close to this level. As far as prices are trading above 42500, we should look for buying only on any dip or consolidation breakout.


PVR 1480.60 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1483.00 with a stop loss of 1467.00 and a target of 1520.45.
GLENMARK PHARMA 543.90 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 543.00 with a stop loss of 550.25 and a target of 528.80.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
4500 CE BUY 135.80 CMP 109 224 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDIAMART.23.05 May 5637.05 5.68 8.3 309300 RBLBANK.23.05 May 155.65 -4.1 16.01 41925000
IBULHSGFIN.23.05 May 113.7 4.84 5.22 48248000 ATUL.23.05 May 6580 -3.75 19.36 241350
BHEL.23.05 May 82.1 4.12 5.03 99603000 UBL.23.05 May 1444.95 -2.53 41.48 1826800
IDFCFIRSTB.23.05 May 64.3 3.79 7.89 215910000 HEROMOTOCO.2305May 2511.8 -2.2 21.51 3972000
ONGC.23.05 May 165.45 3.57 12.23 56718200 EXIDEIND.23.05 May 193.4 -1.85 11.79 19382400
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
LTIM.23.05 May 4577.75 2.88 -3.41 1497300 GLENMARK.23.05 May 549.05 -3.08 -0.83 6082750
TECHM.23.05 May 1058.5 2.81 -0.25 9753600 ADANIENT.23.05 May 1927.6 -0.62 -0.61 9124000
INDHOTEL.23.05 May 349 2.36 -3.02 25402000 IPCALAB.23.05 May 712.4 -0.34 -2.79 3562000
HDFCLIFE.23.05 May 544.95 2.28 -0.4 16766200 ADANIPORTS.23.05 May 683.8 -0.28 -0.15 37559375
MPHASIS.23.05 May 1866.85 2.24 -1.29 2494800


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Ntpc Limited 175.6 2.09 8893428 16259785 75.44 Nifty50 18147.65 0.46 99156
Siemens Ltd 3500.1 1.46 344626 328388 72.74 Niftybank 43352.1 0.27 99090
Mcx 1396.2 -0.23 223790 321779 72.44 Nifty it 28025 1.14 99090
Crompton Greaves Consume 258.65 1.47 5577757 6040474 71.72 India Vix 11.9 8.65 103581
Coromandel International 948.1 0.6 203660 196636 71.19 Nifty Fmcg 47750.2 -0.13 99090
Cipla Ltd 917.7 1.06 1857324 1901928 70.55 Nifty Pharma 12590.3 -0.19 99090
Nestleind 21745.85 -0.07 89170 116890 70.2 Nifty Realty 444.95 -0.03 99090
Petronet Lng Limited 237 0.04 3560897 2848501 69.98 Nifty Auto 13283.15 0.71 99090
Dabur India Ltd. 536.45 0.67 1099379 1420143 69.86 Nifty Metal 5882 1.42 99090
Muthootfin 1027.4 0.66 1125815 583652 69.7 Nifty Financial Services 19208.05 0.24 99090


   Domestic                                                                                                                                                  International
INR: Nikkei Services PMI (Apr) on 3rd May, 2023

INR: Deposit Growth on 5th May, 2023

 USD: Fed Interest Rate Decision on 3rd May, 2023

USD: ISM Non-Manufacturing PMI (Apr) on 3rd May, 2023


  • Sensex closes 240 points higher , Nifty ended 83 points up. All the sectoral indices closed green except Nifty FMCG and Pharma. Nifty Metal and Energy index was the top gainer which gained 1.4% and 1.3%, respectively. At closing, Sensex ended 0.4% or 242.27 points to 61,354.71 points while Nifty closed 0.46% or 82.65 points to 18,147.65 points.

  • Bajaj Auto reported a 95 percent jump in sales in the domestic market. TVS Motor saw domestic sales surge 29%, while Suzuki recorded 23% year-on-year growth. Hero MotoCorp, however, disappointed on all counts.

  • BharatPe has acquired a 51 percent stake in Mumbai-based non-banking financial company (NBFC) Trillion Loans, which sells a range of secured and unsecured loans to small businesses and credit products such as auto, gold and education loans to retail customers.

  • Go First on May 2 announced that it has filed an application for voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT), Delhi.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AAVAS Audited Results;General 03-May-23 MERCURYEV General;Scheme of Arrangement 03-May-23
ABB Quarterly Results 03-May-23 MOLDTKPAC Audited Results;Final Dividend;General 03-May-23
ANURAS Audited Results;Interim Dividend 03-May-23 MRF Audited Results;Final Dividend 03-May-23
ASHSI A.G.M.;Audited Results 03-May-23 PETRONET Audited Results;Final Dividend 03-May-23
AWL Audited Results 03-May-23 PILITA Audited Results 03-May-23
BAJAJCON Audited Results;Dividend 03-May-23 PLASTIBLEN Audited Results;Final Dividend 03-May-23
BENGALS General 03-May-23 PNBGILTS Quarterly Results 03-May-23
CHOLAFIN Audited Results;Final Dividend 03-May-23 RBL Audited Results;Dividend 03-May-23
DRA Audited Results;Half Yearly Results 03-May-23 REGIS Audited Results;General 03-May-23
FAZE3AUTO Audited Results 03-May-23 RPOWER Audited Results 03-May-23
FOSECOIND Quarterly Results 03-May-23 RSYSTEMINT Quarterly Results 03-May-23
GDLLEAS Audited Results 03-May-23 SIS Audited Results 03-May-23
GODREJPROP Audited Results;General;Quarterly Results 03-May-23 SJS Preferential Issue of shares 03-May-23
HAVELLS Audited Results;Final Dividend 03-May-23 SOLARINDS Audited Results;Final Dividend 03-May-23
INDOUS Quarterly Results 03-May-23 SONACOMS Audited Results;Final Dividend 03-May-23
ISMTLTD Audited Results 03-May-23 SULA Final Dividend;Quarterly Results 03-May-23
JK AGRI Audited Results;Final Dividend 03-May-23 SUPRAP General 03-May-23
JYOTHYLAB Audited Results;Final Dividend 03-May-23 TATACHEM Audited Results;Final Dividend 03-May-23
KEC Audited Results;Final Dividend 03-May-23 TITAN Audited Results;Dividend 03-May-23
KMGMILK General 03-May-23 VIMTALABS Audited Results;Final Dividend 03-May-23
KMSMEDI General 03-May-23 VISHNU Audited Results;Final Dividend 03-May-23
KPRMILL Audited Results;Final Dividend 03-May-23 VTMLTD Audited Results;Final Dividend;Quarterly Results 03-May-23
KUSHIND Audited Results;General;Quarterly Results 03-May-23 WORL Audited Results 03-May-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SRUSTEELS 03-May-23 Bonus issue 1:2 LEX 18-May-23 E.G.M.
APOLLO 04-May-23 Stock  Split From Rs.10/- to Rs.1/- TATACONSUM 19-May-23 Final Dividend – Rs. – 8.4500
CASTROLIND 04-May-23 Final Dividend – Rs. – 3.5000 TRENT 25-May-23 Dividend – Rs. – 2.2000
COMFINCAP 04-May-23 Stock  Split From Rs.10/- to Rs.2/- RALLIS 30-May-23 Final Dividend – Rs. – 2.5000
CRISIL 04-May-23 Interim Dividend – Rs. – 7.0000 RCL 31-May-23 Stock  Split From Rs.10/- to Rs.1/-
EMBASSY 04-May-23 Income Distribution RITES INFY 02-Jun-23 Final Dividend – Rs. – 17.5000
FRUTION 04-May-23 E.G.M. MAHABANK 02-Jun-23 Final Dividend – Rs. – 1.3000
PHYTO 04-May-23 E.G.M. MAHINDCIE 02-Jun-23 Final Dividend – Rs. – 2.5000
OFSS 09-May-23 Interim Dividend – Rs. – 225.0000 PONNIERODE 08-Jun-23 Final Dividend – Rs. – 6.5000
RKFORGE 09-May-23 Interim Dividend – Rs. – 0.5000 VOLTAS 09-Jun-23 Final Dividend – Rs. – 4.2500
COFORGE 10-May-23 Interim Dividend – Rs. – 19.0000 SHRIRAMFIN 16-Jun-23 Final Dividend – Rs. – 20.0000
LAURUSLABS 10-May-23 Interim Dividend – Rs. – 1.2000 HINDUNILVR 19-Jun-23 Final Dividend – Rs. – 22.0000
MINDSPACE 10-May-23 Income Distribution RITES SUPREMEIND 21-Jun-23 Final Dividend – Rs. – 20.0000
WELSPUNIND 10-May-23 Buy Back of Shares EMUDHRA 22-Jun-23 Final Dividend – Rs. – 1.2500
INDIAMART 11-May-23 Final Dividend – Rs. – 20.0000 DBOL 23-Jun-23 Dividend – Rs. – 3.5000
KKCL 11-May-23 Interim Dividend – Rs. – 2.0000 NATHBIOGEN 23-Jun-23 Final Dividend – Rs. – 2.0000
SIRCA 11-May-23 Bonus issue 1:1 SPLPETRO 27-Jun-23 Final Dividend – Rs. – 7.0000
360ONE 12-May-23 Interim Dividend WELSPUNIND 27-Jun-23 Final Dividend – Rs. – 0.1000
APTUS 12-May-23 Interim Dividend BAJAJ-AUTO 30-Jun-23 Final Dividend – Rs. – 140.0000
RISHYRN 12-May-23 E.G.M. BAJAJFINSV 30-Jun-23 Final Dividend – Rs. – 0.8000
STEELXIND 12-May-23 E.G.M. BAJAJHLDNG 30-Jun-23 Final Dividend – Rs. – 13.0000
DRAGARWQ 15-May-23 Interim Dividend BAJFINANCE 30-Jun-23 Final Dividend – Rs. – 30.0000
TATACOFFEE 15-May-23 Dividend – Rs. – 3.0000 MAHSCOOTER 30-Jun-23 Final Dividend – Rs. – 60.0000
VISAKAIND 15-May-23 Stock  Split From Rs.10/- to Rs.2/- NAM-INDIA 30-Jun-23 Final Dividend – Rs. – 7.5000
GMBREW 16-May-23 Final Dividend – Rs. – 6.0000 SYNGENE 30-Jun-23 Final Dividend – Rs. – 0.5000
HDFCBANK 16-May-23 Final Dividend – Rs. – 19.0000 SYNGENE 30-Jun-23 Special Dividend – Rs. – 0.7500

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