Equity Market Update: 25 April 2023

Nifty (Close) Sensex (Close)

17,769.25 +25.85 (+0.15%) 60,130.71 +74.61 (+0.12%)
FII Activity (in Rs. Crore) DII Activity (in Rs. Crore)
Buy Value Sell Value Net Value Buy Value Sell Value Net Value
6,218.80 6,631.07 -412.27 6,138.64 4,961.46 +1,177.18
(FII/DII As on 24 April 2023)

Index Level Intraday for 26 April 2023

Scrip Sup 1 Sup 2 Res 1 Res 2 Trend
Nifty Fut 17700 17630 17840 17900 SIDEWAYS
Bank Nifty Fut 42300 42000 42900 43200 SIDEWAYS

Market Outlook
The key equity barometers traded with modest gains and hit a fresh intraday high in mid-afternoon trade.
The Nifty traded a tad above the 17,800 level after hitting the day's low of 17,716.85 in early trade. Oil &
gas shares witnessed buying demand for three trading sessions. In the broader market, the S&P BSE Mid-
Cap index rose 0.02% while the S&P BSE Small-Cap index gained 0.36%. Now, on the downside 17550
holds the significant support level for Nifty(spot) and the upside 17865 holds the resistance level.
Technical Picks for 26 April 2023
Bullish
SCRIP PERIOD BUY SL TG 1 TG 2
MARICO T DAY 490 485 500 510
BAJAJ FINANCE T DAY 6075 6050 6125 6150
ASHOK LEYLAND T DAY 140 136 145 148
Bearish
SCRIP PERIOD SELL SL TG 1 TG 2
CROMPTON T DAY 258 265 245 240
HDFC LIFE T DAY 528 535 515 505
GODREJ CP T DAY 962 975 945 930
Support & Resistance 26 April 2023
SYMBOL LTP SUP 2 SUP 1 PIVOT RES 1 RES 2
ADANIENT 1847.65 1742 1795 1854 1907 1966
ADANIPORTS 670.80 660 666 674 679 688
APOLLOHOSP 4414.00 4351 4383 4414 4446 4478
ASIANPAINT 2896.95 2850 2873 2888 2911 2925
AXISBANK 876.80 861 869 882 890 904
BAJAJ-AUTO 4342.00 4285 4314 4344 4373 4403
BAJAJFINSV 1346.00 1310 1328 1340 1358 1370
BAJFINANCE 6075.00 5868 5972 6032 6136 6196
BHARTIARTL 772.70 755 764 770 779 786
BPCL 346.90 344 345 347 349 350
BRITANNIA 4410.00 4277 4344 4377 4444 4477
CIPLA 909.00 890 900 906 915 921
COALINDIA 230.60 229 230 231 232 233
DIVISLAB 3225.00 3140 3183 3214 3257 3288
DRREDDY 4826.70 4725 4776 4809 4859 4892
EICHERMOT 3230.00 3121 3175 3211 3266 3301
GRASIM 1684.20 1671 1678 1691 1697 1710
HCLTECH 1054.60 1038 1046 1053 1061 1067
HDFC 2755.00 2723 2739 2765 2782 2808
HDFCBANK 1663.60 1645 1654 1671 1680 1697
HDFCLIFE 528.75 516 522 535 541 553
HEROMOTOCO 2500.00 2469 2485 2509 2525 2549
HINDALCO 429.25 422 426 429 432 435
HINDUNILVR 2489.00 2467 2478 2489 2500 2511
ICICIBANK 913.20 898 906 911 918 924
INDUSINDBK 1119.95 1106 1113 1120 1127 1135
INFY 1227.00 1205 1216 1226 1237 1246
ITC 411.25 405 408 411 414 417
JSWSTEEL 724.40 711 718 724 731 737
KOTAKBANK 1890.25 1861 1876 1891 1906 1921
LT 2245.80 2203 2225 2239 2261 2275
M&M 1207.65 1192 1200 1207 1215 1223
MARUTI 8489.00 8373 8431 8478 8536 8583
NESTLEIND 20670.00 20015 20342 20636 20963 21256
NTPC 171.20 169 170 171 172 173
ONGC 160.50 159 160 161 162 163
POWERGRID 233.00 229 231 233 234 236
RELIANCE 2373.45 2338 2356 2368 2386 2398
 Support & Resistance 26 April 2023
SYMBOL LTP SUP 2 SUP 1 PIVOT RES 1 RES 2
SBILIFE 1105.50 1088 1097 1110 1118 1131
SBIN 561.35 549 555 561 568 574
SUNPHARMA 972.20 958 965 974 981 990
TATACONSUM 734.95 724 730 734 739 743
TATAMOTORS 472.50 469 471 474 475 478
TATASTEEL 106.95 106 106 107 108 108
TCS 3175.05 3128 3151 3171 3195 3215
TECHM 997.95 988 993 999 1005 1011
TITAN 2631.00 2606 2618 2628 2640 2650
ULTRACEMCO 7438.00 7375 7406 7457 7489 7539
UPL 715.55 698 707 714 723 730
WIPRO 376.00 372 374 376 379 381

EVENT TRACKER
DATE EVENT
26 April 2023 -

RESULT CALENDAR
26 April 2023
Bajaj Finance Ltd, Can Fin Homes Ltd, HDFC Life Insurance Company Ltd, IIFL Finance Ltd, Indus Towers Ltd, KPIT Technologies
AAAAHAJJJAJAdani
Ltd, L&T Technology Ports & Special
Services Economic
Ltd, Maruti ZoneLtd,
Suzuki India Ltd,Oracle
NIIT Technologies Ltd,Software
Financial Services Persistent
Ltd,Systems Ltd,Fincorp
Poonawalla Rallis India
Ltd Ltd,
SBI Life Insurance Company Ltd, Shoppers Stop Ltd, Supreme Petrochem Ltd, Syngene International Ltd, Tanla Platforms Ltd,
UTI Asset Management Company Ltd, Voltas Ltd

CORPORATE ACTION
Security Name Purpose Ex-Date
ABB India Limited Dividend - Rs. - 5.5000 27 April 2023
Disclaimer
This document has been prepared by Master Capital Services Limited ("MCSL") to provide information about the securities cover ed herein and may be distributed by
it and/or its affiliated company(ies). This document is for information purpose only and is not a recommendation or an offer or solicitation of an offer to any person
with respect to the purchase or sale of the securities discussed in this document. Neither, MCSL, nor its directors, employees or affiliates shall be liable for any loss or
damage that may arise from or in connection with the use of this document. Information in this document has been obtained from the sources deemed to be reliable
but its accuracy and completeness is not guaranteed. While MCSL endeavors to update the information discussed in this material, on a reasonable basis, there may be
regulatory, compliance, or other reasons that prevent us from doing so. Each recipient of this document should make such investigations as they deem necessary to
arrive at an independent evaluation for any investment in the securities referred to, in this document (including the merits and risks involved) , and should consult
their own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may n ot be suitable for all investors. MCSL
and its affiliates are a full-service, integrated investment banking, investment management, and brokerage & financing group. We and our affiliates have inves tment
banking and other business relationships with some companies covered by our research department. Our research professionals may provide inputs into our investment
banking and other business selection processes. Investors should assume that MCSL and/or its affiliates are seeking or will seek investment banking or other business
from the company or companies that are the subject of this material and that the research professionals who were involved in preparing this material may educate
investors on investments in such business. The research professionals responsible for the preparation of this document may interact with trading desk personnel, sales
personnel and other pares for the purpose of gathering, applying and interpreting information. Our salespeople, traders, and other professionals or affiliates may
provide oral or written market commentary or trading strategies to our clients that reflect opinions that are contrary to the opinions express ed herein, and our
proprietary trading and investing businesses may make investment decisions that are inconsistent with the recommendations expressed herein. In reviewing these
materials, you should be aware that any or all of the foregoing among other things, may give rise to real or potential conflic ts of interest. MCSL and its affiliated
company(ies), their directors and employees and their relatives may; (a) from me to me, have a long or short position in, act as principal in, and buy or sell the securities
or derivatives thereof of companies mentioned herein, (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or
act as a market maker in the financial instruments of the company(ies) discussed herein or act as an advisor or lender/borrower to such company(ies) or may have any
other potential conflict of interests with respect to any recommendation and other related information and opinions; however, the same shall have no bearing
whatsoever on the specific recommendations made by the analyst(s), as the recommendations made by the analyst(s) are completely independent of the views of the
affiliates of MCSL even though there might exist an inherent conflict of interest in some of the stocks/securities mentioned in the research report. Reports based on
technical and derivative analysis center on studying charts company's price movement, outstanding positions and trading volume, as opposed to focusing on a
company's fundamentals and, as such, may not match with a report on a company's fundamental analysis. In addition, MCSL may have different business segments /
divisions with independent research separated by Chinese walls catering to different set of customers having various objectives, risk profiles, investment horizon, etc.
and therefore may at times have different contrary views on securities, sectors and market MCSL and its associates may hav e managed or co-managed public offering
of securities, may have received compensation for investment banking or merchant banking or brokerage services, may have received any compensation for products
or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. MCSL and its associates have
not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Subject Company may have been a
client of MCSL or its associates during twelve months preceding the date of distribution of the research report. MCSL and/or its affiliates and/or employees may have
interests/positions, financial or otherwise of over 1% at the end of the month immediately preceding the date of publication of the research in the securities mentioned
in this report. To enhance transparency, MCSL has incorporated a Disclosure of Interest Statement in this document. This should, however, not be treated as
endorsement of the views expressed in the report. This information should not be reproduced or redistributed or passed on directly or indirect ly in any form to any
other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who
is a citizen or resident of or located in any jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would
subject MCSL and affiliates/group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions
may be restricted by law, and persons in whose possession this report comes, should inform themselves about and observe, any such restrictions. The information
given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information
is subject to change without any prior notice.

Master Capital Services Limited is registered as a Research Analyst under SEBI (Research Analyst) Regulations, 2014. SEBI Reg. No. INH000002194.

There are no material disciplinary actions been taken by any regulatory authority impacting equity research analysis activities.

Analyst Certification

The views expressed in this research report accurately reflects the personal views of the analyst(s) about the subject securi ties or issues, and no part of the
compensation of the research analyst(s) was, is, or will be directly or indirectly related to the specific recommendations and views expressed by research analyst(s) in
this report. The research analysts, strategists, or research associates principally responsible for preparation of MCSL research receive compensation based upon various
factors, including but not limited quality of research, investor client feedback, stock picking, competitive factors and firm revenues.