The NIFTY opened at 19654.55 with a big gap down of 140 points. Prices have recorded its intraday low at 19635.30 just below the opening tick and started moving higher. The rally was sharp but found resistance quickly and prices turned down. The decline found support around the opening tick and bounced up quickly. Prices have seen another upside rally. The NIFTY recorded its intraday high at 19805.40 and saw a sharp decline in the last hour of trading. The index finally closed at 19751.05 with a loss of 42.95 points or 0.22% down. AUTO outperformed, saw a sharp upside move, and closed with a gain of nearly 1% followed by REALTY, PHARMA, and FMCG. MEDIA underperformed and ended with a loss of 1.18% followed by BANK, IT, and METAL. The short-term trend is sideways again. Support is visible around 19500 while resistance is visible around 20000.


The BANK NIFTY opened at 44322.05 with a big gap down of 248 points. The index continued its early morning bearish momentum and moved further of the downside. Prices have found intraday support just above 44200 and started moving higher. The rally was very sharp and the index almost recovered but towards the end saw another down move after recording its intraday high at 44563.05. The index broke morning lows, recorded its intraday low at 44203.70, and finally closed at 44220.50 with a loss of 350 points. PSU BANK has underperformed, saw a sharp downside move, and ended with a loss of 1.39 %. PVT BANK has also moved down and closed with a loss of 0.46%. Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is sideways. A trading range is now visible on the daily timeframe chart with support around 43800 and resistance around 44800. The range has been intact for almost four weeks.


INDUSIND BANK 1463.70 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1466.80 with a stop loss of 1433.35 and a target of 1552.55.
LTIM 5095.15 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 5072.20 with a stop loss of 5150.65 and a target of 4848.35S.


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
INDIGO.23.10 Oct 2618.2 0.94 14.56 5765100 MPHASIS.23.10 Oct 2375.65 -3.39 3.78 2647425
TATAMOTORS.23.10 Oct 668.65 4.53 8.62 70152750 INFY.23.10 Oct 1414.6 -3.22 11.76 22008800
METROPOLIS.23.10 Oct 1551.95 2.84 6.4 1622400 NAUKRI.23.10 Oct 4139.05 -2.71 5.32 1598250
MARUTI.23.10 Oct 10728.8 0.98 5.95 2982400 SYNGENE.23.10 Oct 780.65 -2.37 11.2 3912000
COROMANDEL.23.10 Oct 1154.55 0.18 5.13 1377600 ADANIENT.23.10 Oct 2461.2 -2.27 4.97 9609300
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HDFCAMC.23.10 Oct 2861.85 3.61 -12.66 4003500 BANDHANBNK.23.10 Oct 240.25 -4.59 -2.59 61742500
HCLTECH.23.10 Oct 1248.15 2.84 -10.94 10703700 INDIACEM.23.10 Oct 223.45 -2.7 -3.16 22895500
TCS.23.10 Oct 3563.65 0.66 -7.45 9966250 IBULHSGFIN.23.10 Oct 171.35 -2.53 -0.31 54763800
LTTS.23.10 Oct 4728.3 0.14 -6.39 553400 BANKBARODA.23.10 Oct 204.05 -2.2 -0.57 127687950
MGL.23.10 Oct 1130.8 0.26 -5.82 2354400 INDUSTOWER.23.10 Oct 191.45 -2.1 -0.9 76840000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Container Corp Of India 713.15 1.73 1154348 1406415 78.73 Nifty50 19751.05 -0.22 36041059
Icici Lombard General In 1313.95 -0.83 293987 353864 74.09 Niftybank 44287.95 -0.7 16036627
Shriram Finance Limited 1880.95 0.15 596784 484476 73.1 Nifty it 31807.95 -0.61 1814662
Alkem 3612.45 0.49 148801 113023 72.96 India Vix 10.62 0 663727091
Icici Prudential Life In 522.6 -0.43 839584 3065271 72.57 Nifty Fmcg 52520.7 0.3 430392
Zydus Lifesciences Limit 591.95 -0.34 1033792 871996 70.8 Nifty Pharma 15235.05 0.32 46790624
Power Grid Corporation o 201.8 0.52 13105921 15123290 69.14 Nifty Realty 612.8 0.43 1160587221
Bata India Ltd. 1624.85 -0.46 107027 112195 68.93 Nifty Auto 16444.95 0.88 43389431
Hdfc Life Insurance Comp 625.25 0.1 5462771 1934958 68.86 Nifty Metal 6820.8 -0.62 104268219
Pidilite Industries Ltd 2460.05 -0.88 146168 85591 68.85 Nifty Financial Services 19827.35 -0.59 4687801

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: WPI Inflation (YoY) (Sep) on 16th October, 2023

INR: FX Reserves, USD on 20th October, 2023

USD: Retail Sales (MoM) (Sep) on 17th October, 2023

USD: Building Permits (Sep) on 18th October, 2023

News Updates

  • Benchmark indiced ended on a negative note on OCtober 13 amid volatiliet with Nifty around 19,750. At close, the Sensex was down 125.65 points or 0.19 percent at 66,282.74, and the Nifty was down 43.00 points or 0.22 percent at 19,751. About 1800 shares advanced, 1739 shares declined, and 155 shares unchanged.

  • HDFC Life Insurance on October 13 reported a net profit of Rs 376 crore in the September quarter of the financial year 2023-24, up by 15 percent from the year-ago period. The company slightly beat market estimates, which had pegged net profit at Rs 370 crore, up 14.3 percent from the year-ago quarter.

  • SpiceJet surged on October 13 as ET Now reported that IndiGo’s co-founder Rakesh Gangwal was at advance stage of talks to buy a sizeable stake in the company. Gangwal and his wife Shobha Gangwal hold 13.23 percent and 2.99 percent, respectively, in IndiGo operator InterGlobe Aviation, as of June-end, while their Chinkerpoo Family Trust holds a 13.5 percent stake, according to exchange data.

  • The National Company Law Appellate Tribunal (NCLAT) on October 13 refused to issue a notice in the appeals filed by Axis Finance and IDBI Bank challenging the NCLT order approving the Zee-Sony merger. The NCLAT has adjourned the case to October 31 and said ZEEL can file a response if needed.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ALSTONE General 16-Oct-23 NATHBIOGEN Quarterly Results 16-Oct-23
ARTSONEN Quarterly Results 16-Oct-23 NELCO Quarterly Results 16-Oct-23
BANASFN Increase in Authorised Capital 16-Oct-23 ORIENTHOT Quarterly Results 16-Oct-23
CEATLTD Quarterly Results;General 16-Oct-23 PARSHVA Quarterly Results 16-Oct-23
CHOICEIN Quarterly Results 16-Oct-23 ROSEMER General 16-Oct-23
CYIENTDLM Quarterly Results 16-Oct-23 SELAN Quarterly Results 16-Oct-23
DMR Half Yearly Results 16-Oct-23 TINPLATE Quarterly Results 16-Oct-23
FEDERALBNK Quarterly Results 16-Oct-23 TRANOCE Quarterly Results 16-Oct-23
FRSHTRP General 16-Oct-23 UNISTRMU Quarterly Results 16-Oct-23
GARGI Half Yearly Results 16-Oct-23 YATRA Quarterly Results 16-Oct-23
GHUSHINE Half Yearly Results 16-Oct-23 ADITYA General 17-Oct-23
GRASIM General 16-Oct-23 AEPL Quarterly Results 17-Oct-23
INDBANK Quarterly Results 16-Oct-23 ATHARVENT General;Quarterly Results 17-Oct-23
INDBNK Quarterly Results 16-Oct-23 BAJFINANCE Quarterly Results 17-Oct-23
INDINFO Quarterly Results 16-Oct-23 BENARAS General;Quarterly Results 17-Oct-23
ISEC Interim Dividend;Quarterly Results 16-Oct-23 CANFINHOME Quarterly Results 17-Oct-23
JAIBALAJI Quarterly Results;General 16-Oct-23 CIEINDIA Quarterly Results 17-Oct-23
JFL General 16-Oct-23 COSYN Quarterly Results 17-Oct-23
JIOFIN Quarterly Results 16-Oct-23 DHYAANI General;Bonus issue 17-Oct-23
MAHABANK Quarterly Results 16-Oct-23 DUNCANENG Quarterly Results 17-Oct-23
MARBU Quarterly Results 16-Oct-23 EIMCOELECO Quarterly Results 17-Oct-23
MRP Bonus issue 16-Oct-23 HAPPSTMNDS Quarterly Results;General;Interim Dividend 17-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CASPIAN 17-Oct-23 Final Dividend – Rs. – 0.0500 BCLIL 27-Oct-23 Stock  Split From Rs.10/- to Rs.1/-
GENSOL 17-Oct-23 Bonus issue 2:1 ICICIGI 27-Oct-23 Interim Dividend
GLS 17-Oct-23 Interim Dividend – Rs. – 22.5000 ISEC 27-Oct-23 Interim Dividend
KAMAHOLD 17-Oct-23 Bonus issue 4:1 JSL 27-Oct-23 Interim Dividend
RUDRA 18-Oct-23 Bonus issue 1:1 LTIM 27-Oct-23 Interim Dividend
RUDRA 18-Oct-23 Stock  Split From Rs.10/- to Rs.5/- SHASHIJIT 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
BCONCEPTS 19-Oct-23 Final Dividend – Rs. – 0.5000 SVRL 27-Oct-23 Bonus issue 1:1
RITCO 19-Oct-23 E.G.M. TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
SEMAC 19-Oct-23 Final Dividend – Rs. – 5.0000 UNJHAFOR 30-Oct-23 E.G.M.
TCS 19-Oct-23 Interim Dividend – Rs. – 9.0000 ELECON 31-Oct-23 Interim Dividend
ANANDRATHI 20-Oct-23 Interim Dividend – Rs. – 5.0000 SASKEN 31-Oct-23 Interim Dividend
ANGELONE 20-Oct-23 Interim Dividend – Rs. – 12.7000 NESTLEIND 01-Nov-23 Interim Dividend
DALBHARAT 20-Oct-23 Interim Dividend HINDUNILVR 02-Nov-23 Interim Dividend
HCLTECH 20-Oct-23 Interim Dividend – Rs. – 12.0000 ASIANPAINT 03-Nov-23 Interim Dividend
KPIGREEN 20-Oct-23 Interim Dividend – Rs. – 0.2500 EMBASSY 03-Nov-23 Income Distribution RITES
NEOGEN 20-Oct-23 E.G.M. RITES 08-Nov-23 Interim Dividend
VINNY 23-Oct-23 E.G.M. HPAL 09-Nov-23 Stock  Split From Rs.10/- to Rs.2/-
INFY 25-Oct-23 Interim Dividend – Rs. – 18.0000 INSECTICID 10-Nov-23 Interim Dividend
TCIEXP 26-Oct-23 Interim Dividend PGHL 13-Nov-23 Final Dividend – Rs. – 50.0000
ASTRAL 27-Oct-23 Interim Dividend CAMS 17-Nov-23 Interim Dividend
AURIONPRO 27-Oct-23 E.G.M. PGHH 17-Nov-23 Final Dividend – Rs. – 105.0000

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