The NIFTY opened at 19674,70 without any gap. The index initially moved lower but found support quickly and turned up after recording its intraday low at 19627. Prices have seen a sharp intraday rally which lasted almost till the end. Prices have seen a consolidation in the afternoon which eventually broke on the upside and prices have kept on moving higher. The index recorded its intraday high at 19875.25 and saw a sharp decline in the last 30 minutes of trading. Prices have finally closed at 19765.20 with a gain of 89.75 points or 0.46% up. The IT again outperformed today and closed with a gain of 2.69% followed by OIL GAS, REALTY, AUTO, PHARMA, and MEDIA. BANK and FMCG have underperformed today and closed with minor losses. The short-term trend is up. Support is now visible around 19500 while resistance is visible around 19850. Prices have found resistance around this level today and turned down. We may see a process of consolidation within these two levels.


The BANK NIFTY opened at 44251.70 with a minor gap up of 36 points. The index initially moved lower and then turned up. A rally took place which found resistance in the afternoon. Prices have started a consolidation process which eventually boke on the downside. The index has seen a sharp decline in the last 30 minutes of trading. Prices have recorded its intraday high at 44420.95, its intraday low at 44064.15, and finally closed at 44137.55 with a loss of 78 points. PSU BANK has underperformed today, saw a mild down move, and closed with a loss of 0.24%. PVT BANK has also moved down but ended with a loss of just 0.03%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while ICICI BANK contributed the lowest. The short-term trend is up. Fresh support is now visible around 43700 while resistance may emerge around 44800.


INDIGO 2567.20 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 2579.50 with a stop loss of 2559.50 and a target of 2619.50.
CIPLA 1234.80 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1232.50 with a stop loss of 1241.45 and a target of 1214.55.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MANAPPURAM.23.11 Nov 161 7.15 15.52 73056000 AXISBANK.23.11 Nov 1029.25 -1.26 1.19 45980000
COFORGE.23.11 Nov 5691 6.42 17.88 1176750 ADANIENT.23.11 Nov 2212 -0.98 1.66 9777900
BOSCHLTD.23.11 Nov 20698.6 4.55 7.12 152800 INDUSTOWER.23.11 Nov 186.3 -0.9 1.14 70835600
MPHASIS.23.11 Nov 2369.9 4.03 1.05 2405700 ABB.23.11 Nov 4235.1 -0.79 1.75 1461500
HEROMOTOCO.23.11 Nov 3289.55 3.23 4.8 3824700 GODREJPROP.23.11 Nov 1854 -0.75 1.44 3420950
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IBULHSGFIN.23.11 Nov 188 4.16 -2.2 54503700 MFSL.23.11 Nov 931 -1.31 -1.92 6800800
TCS.23.11 Nov 3505.95 2.78 -0.52 12835725 DELTACORP.23.11 Nov 140.35 -1.2 -0.66 13582800
GLENMARK.23.11 Nov 774.1 2.66 -2.9 10520475 COALINDIA.23.11 Nov 346.8 -1.18 -0.32 59751300
POLYCAB.23.11 Nov 5266 2.6 -0.03 2741400 HINDCOPPER.23.11 Nov 159 -1.12 -1.75 35340400
BAJFINANCE.23.11 Nov 7385.7 2.36 -0.63 5672875 RECLTD.23.11 Nov 332 -0.97 -0.74 50778000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Godrej Cons Products Ltd 979.8 -0.81 1180174 1030755 82.01 Nifty50 19765.2 0.46 71433
Power Grid Corporation o 207.2 -1.4 27533260 15627693 81.47 Niftybank 44161.55 -0.09 71436
Bharti Airtel Limited 949.55 -0.05 5310736 3818931 79.29 Nifty it 32273.35 2.69 71436
Infosys Limited 1444.9 2.44 6673907 6723599 78.62 India Vix 11.65 4.58 71538
Marico Limited 517.05 -0.39 2039976 1840813 77.44 Nifty Fmcg 52305.75 -0.15 71436
Larsen & Toubro Limited 3051.15 -0.45 1597607 894714 77.12 Nifty Pharma 15651.1 0.87 71436
Indigo 2567.2 0.94 589877 596055 76.53 Nifty Realty 689.35 0.92 71436
Crompton Greaves Consume 285.1 1.03 2236760 2128696 76.35 Nifty Auto 16788.9 0.84 71436
Maruti Suzuki India Ltd 10484.5 0.27 488715 328810 75.32 Nifty Metal 6792.4 0 71433
Hindustan Unilever Ltd 2491.2 0.19 1420578 1095572 75.19 Nifty Financial Services 19732.25 0.05 71436

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Bank Loan Growth on 17th November, 2023

INR: FX Reserves, USD on 17th October, 2023

USD: Building Permits (Oct)  on 17th November, 2023

USD: Existing Home Sales (Oct) on 21st November, 2023

News Updates

  • Benchmark indices ended higher for the second consecutive session on November 16 with Nifty around 19,750. At close, the Sensex was up 306.55 points or 0.47 percent at 65,982.48, and the Nifty was up 89.70 points or 0.46 percent at 19,765.20. About 1964 shares advanced, 1665 shares declined, and 109 shares unchanged.

  • Siemens AG will buy 18 percent stake in Siemens India for 2.1 billion euros at around Rs 3,380 per share, according to a report by CNBC TV-18. The stake will be bought from Siemens Energy. Following the news, shares of Siemens also soared around 3 percent. At 12.13 pm, shares of Siemens were trading 2.5 percent higher at Rs 3,501 on the NSE.

  • State-run Oil and Natural Gas Corporation Limited (ONGC) expects commencement of oil production from its Krishna Godavari basin latest by November-end, the company’s management said in a conference call. Moreover, oil explorer ONGC said gas production from KG-DWN-98/2 block in Bay of Bengal would be ramped up by May or June of 2024.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BHAGCHEM General;Issue Of Warrants 17-Nov-23 DELTA General 20-Nov-23
ORIENTTR General;Quarterly Results 17-Nov-23 JAYANT Increase in Authorised Capital;Issue Of Warrants;General 20-Nov-23
RAPIDIN General;Quarterly Results 17-Nov-23 RATEGAIN General 20-Nov-23
RGIL Quarterly Results 17-Nov-23 RISHYRN General 20-Nov-23
UNTTEMI Quarterly Results 17-Nov-23 SATIN General 20-Nov-23
105ESFBL24 Quarterly Results 18-Nov-23 STRATMONT General 20-Nov-23
BANASFN Right Issue of Equity Shares 18-Nov-23 TRL Issue Of Warrants;General;Preferential Issue of shares 20-Nov-23
BHILSPIN Preferential Issue of shares 18-Nov-23 VALENCIA General 20-Nov-23
ESAFSFB Quarterly Results 18-Nov-23 VJTFEDU General;Quarterly Results 20-Nov-23
HCKKVENTURE Scheme of Arrangement 18-Nov-23 CLIOINFO Quarterly Results 21-Nov-23
KAYNES Right Issue of Equity Shares;General;Preferential Issue of shares 18-Nov-23 MACPLASQ Quarterly Results 21-Nov-23
MASTERTR Increase in Authorised Capital 18-Nov-23 MHEL Half Yearly Results;Quarterly Results 21-Nov-23
NHCFOODS General 18-Nov-23 PODDAR Quarterly Results 21-Nov-23
NORRIS A.G.M. 18-Nov-23 RANJITSE Quarterly Results 21-Nov-23
SIKOZY Quarterly Results 18-Nov-23 SECURCRED Quarterly Results 21-Nov-23
STEELXIND General;Preferential Issue of shares 18-Nov-23 UNISTRMU Quarterly Results 21-Nov-23
ALFATRAN Scheme of Arrangement 20-Nov-23 USHDI Quarterly Results 21-Nov-23
ASHIS Quarterly Results 20-Nov-23 BRAHMINFRA Quarterly Results 23-Nov-23
CRESSAN Right Issue of Equity Shares;General 20-Nov-23 KLRFM Dividend 23-Nov-23
CRPRISK A.G.M.;Audited Results 20-Nov-23 STANCAP Bonus issue;Stock  Split 24-Nov-23
DCI Issue Of Warrants;Preferential Issue of shares 20-Nov-23 METALFORGE Quarterly Results 15-Dec-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
 MANINFRA 17-Nov-23 Interim Dividend – Rs. – 0.3600 STYLAMIND 17-Nov-23 Interim Dividend – Rs. – 2.5000
ACI 17-Nov-23 Interim Dividend – Rs. – 1.0000 TATASTLLP 17-Nov-23 Amalgamation
AXITA 17-Nov-23 Interim Dividend – Rs. – 0.1000 UNITDSPR 17-Nov-23 Interim Dividend – Rs. – 4.0000
BHAGCHEM 17-Nov-23 Interim Dividend VIDHIING 17-Nov-23 Interim Dividend – Rs. – 0.4000
CAMS 17-Nov-23 Interim Dividend – Rs. – 10.0000 YUG 17-Nov-23 Interim Dividend – Rs. – 1.0000
GABRIEL 17-Nov-23 Interim Dividend – Rs. – 1.5000 ANURAS 20-Nov-23 Interim Dividend – Rs. – 0.5000
IFL 17-Nov-23 Interim Dividend – Rs. – 0.0001 ATUL 20-Nov-23 Buy Back of Shares
IRCTC 17-Nov-23 Interim Dividend – Rs. – 2.5000 AUROPHARMA 20-Nov-23 Interim Dividend – Rs. – 3.0000
JAMNAAUTO 17-Nov-23 Interim Dividend – Rs. – 1.1000 BALRAMCHIN 20-Nov-23 Interim Dividend – Rs. – 3.0000
KPEL 17-Nov-23 Interim Dividend – Rs. – 0.2000 BELLACASA 20-Nov-23 Interim Dividend – Rs. – 0.8000
METROPOLIS 17-Nov-23 Interim Dividend – Rs. – 4.0000 COCHINSHIP 20-Nov-23 Interim Dividend – Rs. – 8.0000
MRF 17-Nov-23 Interim Dividend – Rs. – 3.0000 DOLATALGO 20-Nov-23 Interim Dividend – Rs. – 0.1500
NAUKRI 17-Nov-23 Interim Dividend – Rs. – 10.0000 GMM 20-Nov-23 Interim Dividend – Rs. – 1.0000
NILE 17-Nov-23 Interim Dividend – Rs. – 3.0000 GMPL 20-Nov-23 Interim Dividend – Rs. – 0.5000
PAGEIND 17-Nov-23 Interim Dividend – Rs. – 75.0000 KSCL 20-Nov-23 Interim Dividend – Rs. – 5.0000
PANAMAPET 17-Nov-23 Interim Dividend – Rs. – 3.0000 MAZDOCK 20-Nov-23 Interim Dividend – Rs. – 15.3400
PGHH 17-Nov-23 Final Dividend – Rs. – 105.0000 OLATECH 20-Nov-23 Bonus issue 17:20
POLYPLEX 17-Nov-23 Interim Dividend – Rs. – 2.0000 COALINDIA 21-Nov-23 Interim Dividend – Rs. – 15.2500
PRECWIRE 17-Nov-23 Interim Dividend – Rs. – 0.3000 EIDPARRY 21-Nov-23 Interim Dividend – Rs. – 4.0000
RAMRAT 17-Nov-23 Special Dividend – Rs. – 2.5000 EPL 21-Nov-23 Interim Dividend – Rs. – 2.1500
RRKABEL 17-Nov-23 Interim Dividend – Rs. – 3.0000 GILLETTE 21-Nov-23 Final Dividend – Rs. – 50.0000
SHRAAITECH 17-Nov-23 Interim Dividend – Rs. – 0.5000 GPPL 21-Nov-23 Interim Dividend – Rs. – 3.6000

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