The NIFTY opened at 17422.30 with a gap up of just 24 points. The index continued its bullish momentum and started rising after recording its intraday low at 17402.70 in its initial trades. Prices continued its upward journey throughout the day with minor dips in between. Those dips were used to take or add long positions and prices have crossed above 17500 comfortably. The index recorded its intraday high at 17570.55 and finally closed at 17557.05 near its day’s highs with a gain of 159 points or 0.91% up. All the sectoral indices have gained today except the AUTO which ended with a loss of 0.55%. FINANCIAL. FMCG, and IT outperformed today and ended with a gain of over 1%. We were tracking a breakout from the 16850-17200 trading range with a pattern target around 17550. Prices have met the target today. However, the pattern is still intact suggesting we may see higher levels. Support is now visible around 17200 which was around 17000 before. The resistance around 17500 has broken today and the next resistance may emerge around 17800. We should look for buying opportunities only as far as the index is moving above the 17200 support level. The first sign of a likely reversal will emerge when the index breaks below the last two days of low which is now recorded around 17312.


The BANK NIFTY opened at 40972,30 with a gap up of 157 points. The index could not sustain at the higher levels and started drifting downwards. However, prices found support soon, formed a consolidation, and broke it on the upside after recording its intraday low at 40802.65. Prices have seen a modest up move and then again went into a consolidation process after recording its intraday high at 41071.15. The index finally closed at 41007.30 with a gain of 192 points. PVT BANK has outperformed today, saw a modest rally, and closed higher by 0.27% PSU BANK has underperformed today, saw a sharp intraday decline, and closed lower by 0.79% Within the index, in terms of points, HDFC BANK contributed the highest on the upside while FEDERAL BANK contributed the lowest. BANK NIFTY continued moving higher and closed with gains for the fifth consecutive trading day. However, the intraday range was again very narrow today as the index moved within a range of just 269 points narrower than the previous trading day Support is now visible around the 40000 marks while resistance is visible around 41500. The short-term trend is up. We should look for buying only as long as the index is moving above the 40000 level.


GRSIM 1659.25 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1665.80 with a stop loss of 1692.70 and a target of 1647.40.
ONGC 152.90 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 152.50 with a stop loss of 153.95 and a target of 149.60.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INFY   1440 CE BUY 31.20 CMP 24 49 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IGL.23.04 Apr 445 5.4 9.32 12001000 ABFRL.23.04 Apr 207.85 -4.13 14.24 25012000
COFORGE.23.04 Apr 4026 4.5 39.71 787950 FEDERALBNK.23.04 Apr 128.75 -3.99 24.14 66435000
LT.23.04 Apr 2267.1 3.77 4.02 8440500 ASHOKLEY.23.04 Apr 136 -3.95 25.17 63035000
MGL.23.04 Apr 959.75 3.48 3.16 2868800 MCX.23.04 Apr 1482.15 -2.72 15.38 795200
LTTS.23.04 Apr 3447 3.25 11.27 1172800 MFSL.23.04 Apr 622 -2.65 6.83 3487250
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IEX.23.04 Apr 136.9 1.67 -1.16 42131250 IDFCFIRSTB.23.04 Apr 55.05 -1.34 -1.3 180255000
OBEROIRLTY.23.04 Apr 863.75 1.64 -2.1 5911500 POLYCAB.23.04 Apr 2903.65 -0.93 -0.1 1210200
DLF.23.04 Apr 368.2 1.33 -0.78 41385300 UBL.23.04 Apr 1428.95 -0.93 -0.68 1287600
JKCEMENT.23.04 Apr 2962.05 1.19 -1.56 441000 WHIRLPOOL.23.04 Apr 1326.8 -0.57 -1.88 805700
DELTACORP.23.04 Apr 190.75 1.03 -3.39 15727600 TATACHEM.23.04 Apr 978.3 -0.48 -0.19 4682000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dabur India Ltd. 548.05 0.08 1737173 1968832 80.8 Nifty50 17557.05 0.91 106983
Icici Lombard General In 1093.05 1.24 513931 676413 80.58 Niftybank 40999.15 0.46 106917
Srf Ltd. 2376.15 0.58 417181 800149 79.21 Nifty it 28977.2 1.2 106917
Petronet Lng Limited 235.7 0.81 3090789 3353300 78.61 India Vix 12.41 -1.33 107202
Britannia Ind Ltd. 4327.55 0.08 390846 285566 78.17 Nifty Fmcg 46361.25 1.36 106917
Grasim Ind Ltd. 1659.25 1.92 1438018 565563 74.11 Nifty Pharma 12181.85 0.94 106917
Marico Limited 482.4 0.56 2324531 989131 72.29 Nifty Realty 392.85 0.51 106917
Power Grid Corporation o 225.65 0.47 9014537 4119919 71.87 Nifty Auto 12357.65 -0.55 106917
Ntpc Limited 175.9 -1.07 10829323 6501927 71.46 Nifty Metal 5496.3 0.34 106917
Federal Bank Ltd. 128.55 -3.45 16378346 11736752 70.79 Nifty Financial Services 18372.15 1.14 106917


   Domestic                                                                                                                                                  International
INR: Interest Rate Decision on 06th April, 2023

INR: Cash Reserve Ratio on 06th April, 2023

 USD: Initial Jobless Claims on 06th April, 2023

USD: Nonfarm Payrolls (Mar) on 07th April, 2023


  • Benchmark indices ended higher on April 5 with Nifty closing around 17550. At close, the Sensex was up 582.87 points or 0.99% at 59,689.31, and the Nifty was up 159.00 points or 0.91% at 17,557. About 2540 shares advanced, 911 shares declined, and 106 shares unchanged.

  • Rajiv Jain, one of the biggest names in emerging-market investing, cut across the grain last month when he bought almost $2 billion worth of Adani Group stock. Now, the chief investment officer of GQG Partners Inc has grand predictions for his bet on the embattled Indian conglomerate: a return in excess of 100 percent.

  • Shares of Nykaa owner FSN E-Commerce Ventures gained over 8 percent on Wednesday after block deals totalling 5.54 million shares worth Rs 75.5 crore.

  • Four companies namely Zaggle Prepaid Ocean Services, Cyient DLM, Healthvista India, and Rashi Peripherals have received green signal from the capital markets regulator Securities and Exchange Board of India (SEBI) to go ahead with their IPO plans.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AML General 06-Apr-23 MPL General 10-Apr-23
FILME Quarterly Results 06-Apr-23 PRECAM General 10-Apr-23
GMBREW Audited Results;Final Dividend 06-Apr-23 SIPIND General 10-Apr-23
GSLSU General 06-Apr-23 JAIMATAG Audited Results 11-Apr-23
INFRATRUST General 06-Apr-23 ANANDRATHI Audited Results;Final Dividend 12-Apr-23
LOKESHMACH Issue Of Warrants;General;Preferential Issue of shares 06-Apr-23 NESTLEIND Interim Dividend 12-Apr-23
MANGASOF General 06-Apr-23 TCS Audited Results;Final Dividend 12-Apr-23
MUTHOOTFIN Interim Dividend 06-Apr-23 AVANTEL Audited Results;Final Dividend 13-Apr-23
PRERINFRA Right Issue of Equity Shares;General 06-Apr-23 INFY Audited Results;Final Dividend 13-Apr-23
ROSEMER General 06-Apr-23 HDFCBANK Audited Results 15-Apr-23
SDBL Right Issue of Equity Shares;General 06-Apr-23 ANGELONE Audited Results;Quarterly Results 17-Apr-23
METALFORGE Quarterly Results 07-Apr-23 ICICIGI Audited Results;Final Dividend 18-Apr-23
STRATMONT General 07-Apr-23 TATACOFFEE Audited Results;Dividend 18-Apr-23
THYROCARE Interim Dividend 07-Apr-23 VIVANTA Quarterly Results 18-Apr-23
TRIVIKRAMA General 07-Apr-23 ISEC Audited Results;Final Dividend 19-Apr-23
DHANFAB General 08-Apr-23 AMAL Audited Results 20-Apr-23
RUSHIL General;Rights Issue 08-Apr-23 CYIENT Quarterly Results 20-Apr-23
SACHEMT Preferential Issue of shares 08-Apr-23 FAMILYCARE Bonus issue;General 20-Apr-23
SICAPIT General 08-Apr-23 HCLTECH Audited Results;Interim Dividend 20-Apr-23
EIDPARRY Interim Dividend 10-Apr-23 ICICIPRULI Audited Results 20-Apr-23
INDITALIA General;Quarterly Results 10-Apr-23 IONEXCHANG Stock  Split 20-Apr-23
MAGNUM General 10-Apr-23 ICICIBANK Audited Results;Final Dividend 22-Apr-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GHCL 06-Apr-23 Spin Off DHAMPURSUG 18-Apr-23 Special Dividend – Rs. – 1.0000
RVNL 06-Apr-23 Interim Dividend – Rs. – 1.7700 MUTHOOTFIN 18-Apr-23 Interim Dividend
SHREESEC 06-Apr-23 Stock  Split From Rs.10/- to Rs.1/- CORNE 20-Apr-23 E.G.M.
VEDL 06-Apr-23 Interim Dividend – Rs. – 20.5000 HUHTAMAKI 20-Apr-23 Dividend – Rs. – 2.0000
DEEPIND 10-Apr-23 Stock  Split From Rs.10/- to Rs.5/- JETINFRA 21-Apr-23 Bonus issue 1:1
EARUM 10-Apr-23 Right Issue of Equity Shares KAARYAFSL 21-Apr-23 E.G.M.
SCHAEFFLER 11-Apr-23 Final Dividend – Rs. – 24.0000 NESTLEIND 21-Apr-23 Interim Dividend
EMAMILTD 12-Apr-23 Buy Back of Shares NESTLEIND 21-Apr-23 Final Dividend – Rs. – 75.0000
ESARIND 12-Apr-23 E.G.M. TIPSINDLTD 21-Apr-23 Stock  Split From Rs.10/- to Rs.1/-
INFRATRUST 12-Apr-23 Income Distribution (InvIT) ACHYUT 25-Apr-23 Bonus issue 1:2
VBL 12-Apr-23 Final Dividend – Rs. – 1.0000 VESUVIUS 26-Apr-23 Final Dividend – Rs. – 8.2500
VISAKAIND 12-Apr-23 Interim Dividend – Rs. – 7.0000 ABB 27-Apr-23 Dividend – Rs. – 5.5000
BRITANNIA 13-Apr-23 Interim Dividend HCLTECH 28-Apr-23 Interim Dividend
EDELWEISS 13-Apr-23 Interim Dividend – Rs. – 0.2500 JOSTS 28-Apr-23 Stock  Split From Rs.5/- to Rs.2/-
GOODLUCK 13-Apr-23 Interim Dividend – Rs. – 2.0000 KSB 28-Apr-23 Final Dividend – Rs. – 15.0000
IZMO 13-Apr-23 E.G.M. SANOFI 28-Apr-23 Final Dividend – Rs. – 194.0000
MUFIN 13-Apr-23 Stock  Split From Rs.2/- to Rs.1/- SANOFI 28-Apr-23 Special Dividend – Rs. – 183.0000
FLOMIC 17-Apr-23 E.G.M. CASTROLIND 04-May-23 Final Dividend – Rs. – 3.5000
DHAMPURSUG 18-Apr-23 Interim Dividend – Rs. – 5.0000 RCL 31-May-23 Stock  Split From Rs.10/- to Rs.1/-

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