The NIFTY opened at 19843.20 with a big gap up of 112 points. The index could not sustain at the higher levels and saw a sharp dip for the first five minutes of trading. Prices then started moving sideways inside a narrow range which eventually broke on the downside in the afternoon. A sharp decline came followed by some recovery towards the end. The index first recorded its intraday high at 19849.75 just above the opening tick, then its intraday low at 19775.65, and finally closed at 19811.50 near its opening tick with a gain of 79.75 points or 0.40% up. All the sectoral indices have closed with gains led by OIL GAS & FINANCIAL which ended with a gain of more than half percent followed by FMCG and BANK. AUTO and REALTY ended almost flat. The short-term trend is sideways and there is no doubt about that as the index has been moving sideways for almost a month. We have been tracking support is around 19500 while resistance is around 19850.


The BANK NIFTY opened at 44589.80 with a big gap up of 347 points. Prices could not sustain at the higher levels and started drifting downward. The index started a consolidation process in the afternoon which broke on the downside. Prices have recorded its intraday high at 44589.85, its intraday low at 44336.95, and finally closed at 44441.30 with a gain of 199 points. PSU and PVT BANK, both indices have performed almost the same, saw a mild upside move, and closed with a gain of 0.54% & 0.35% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while INDUSIND 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.


RBL BANK 245.70 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 246.00 with a stop loss of 243.95 and a target of 250.90.
TRENT 2079.00 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2072.85 with a stop loss of 2088.05 and a target of 2041.80.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
KOTAK BANK  1750 CE BUY 38.70 CMP 32.80 53.70 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CANFINHOME.23.10 Oct 771 4.1 14.4 4957875 DALBHARAT.23.10 Oct 2256 -3.04 14.25 2477500
L&TFH.23.10 Oct 139.55 3.29 7.98 69098532 HAVELLS.23.10 Oct 1382.5 -2.2 13.79 6657000
BSOFT.23.10 Oct 557.95 2.46 8.13 8088000 MPHASIS.23.10 Oct 2302 -2.08 8.27 2869350
HINDPETRO.23.10 Oct 262.5 2.22 3.09 48775500 BOSCHLTD.23.10 Oct 20290.2 -1.71 4.25 126400
BPCL.23.10 Oct 354.9 2.14 0.92 27298800 TATAMOTORS.23.10 Oct 656.95 -1.54 1.22 67173075
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDIACEM.23.10 Oct 223.85 2.07 -1.43 22141500 GNFC.23.10 Oct 650.55 -3.11 -7.18 9539400
POWERGRID.23.10 Oct 207.35 2.07 -1.33 61516800 MANAPPURAM.23.10Oct 141.05 -1.95 -0.16 65916000
DELTACORP.23.10 Oct 130.05 1.92 -3.54 11208400 HINDCOPPER.23.10 Oct 158 -1.34 -0.37 32473100
HDFCLIFE.23.10 Oct 642.15 1.88 -1.56 17270000 NATIONALUM.23.10 Oct 99.9 -0.89 -0.26 65452500
INDUSTOWER.23.10 Oct 192.2 1.85 -0.02 76394600 RAMCOCEM.23.10 Oct 994.45 -0.79 -2.18 3852200

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 207.15 2.02 19378328 14675281 80.03 Nifty50 19811.5 0.4 71598
Max Financial Services l 937.55 1.66 717689 673535 79.27 Niftybank 44409.5 0.42 71601
Atul Ltd. 6883.65 0.09 58476 51187 75.77 Nifty it 31794.9 0.14 71601
Dabur India Ltd. 540.25 0.61 2040439 1329687 73.58 India Vix 10.7 -3.34 71715
Coromandel International 1161.7 0.61 165237 310887 73.14 Nifty Fmcg 52665.3 0.5 71601
Cholamandalam Investment 1244.65 -0.08 1228315 947618 72.81 Nifty Pharma 15211.95 0.31 71601
Britannia Ind Ltd. 4600.35 0.31 196669 212093 72.61 Nifty Realty 610.9 0.03 71601
Srf Ltd. 2276.55 1.03 466647 278961 72.18 Nifty Auto 16522.75 0.02 71601
Tech Mahindra Limited 1197.6 1.1 1163897 1841679 69.81 Nifty Metal 6902 0.28 71601
Hindustan Unilever Ltd 2556.15 -0.08 1253538 661185 69.24 Nifty Financial Services 19943.2 0.65 71601

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Bank Loan Growth on 20th October, 2023

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

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

USD: Crude Oil Inventories on 18th October, 2023

News Updates

  • Benchmark indices ended higher on October 17 with Nifty above 19,800 amid buying across the sectors. At close, the Sensex was up 261.16 points or 0.39 percent at 66,428.09, and the Nifty was up 79.70 points or 0.40 percent at 19,811.50. About 2102 shares advanced, 1451 shares declined, and 142 shares unchanged.

  • Bajaj Finance on October 17 reported a net profit of Rs 3,551 crore for the July-September quarter of the current financial year, up 28 percent from the same quarter of the previous year, missing estimates. Analysts had predicted a 30 percent year-on-year increase in net profit at Rs 3,626 crore for India’s leading non-banking finance company.

  • Titan Company approved a proposal to raise up to Rs 2,500 crore through the issuance of rated, listed, redeemable, unsecured Non-Convertible Debentures (NCDs) on a private placement basis.

  • Dabur India has received intimation of tax ascertained as being payable under Section 74(5) of CGST Act, 2017 wherein GST short-paid or not-paid amounting to Rs. 320.6 crore has been advised to be paid by the company.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
5PAISA Quarterly Results;General 18-Oct-23 QGO General 18-Oct-23
ALPHAIND General;Half Yearly Results;Increase in Authorised Capital;Bonus issue 18-Oct-23 RPGLIFE Quarterly Results 18-Oct-23
ASTRAL Quarterly Results;Interim Dividend 18-Oct-23 SAGL General 18-Oct-23
BAJAJ-AUTO Quarterly Results 18-Oct-23 SANJIVIN Quarterly Results 18-Oct-23
BANDHANBNK Quarterly Results 18-Oct-23 SGFIN Quarterly Results 18-Oct-23
DEVLAB General;Increase in Authorised Capital;Issue Of Warrants 18-Oct-23 SHISHIND Quarterly Results;General 18-Oct-23
DPL Right Issue of Equity Shares;Half Yearly Results 18-Oct-23 SHOPERSTOP Quarterly Results;General 18-Oct-23
GUJCOTEX Quarterly Results 18-Oct-23 SKYLMILAR Quarterly Results 18-Oct-23
HERITGFOOD Quarterly Results 18-Oct-23 SPECFOOD Quarterly Results 18-Oct-23
HIMFIBP Quarterly Results;General 18-Oct-23 STEL Quarterly Results 18-Oct-23
HINDHARD Quarterly Results 18-Oct-23 SUPRAPFSL General 18-Oct-23
ICICIGI Quarterly Results;Interim Dividend;Audited Results 18-Oct-23 TERRAREAL General 18-Oct-23
IIFL Quarterly Results;General 18-Oct-23 TIPSINDLTD Quarterly Results;Interim Dividend 18-Oct-23
INDRENEW Right Issue of Equity Shares 18-Oct-23 TITAGARH Quarterly Results 18-Oct-23
INDUSINDBK Quarterly Results 18-Oct-23 TITANIN General 18-Oct-23
INTLCOMBQ Quarterly Results 18-Oct-23 UTIAMC Quarterly Results;General 18-Oct-23
LTIM Quarterly Results;Interim Dividend 18-Oct-23 WELINV Quarterly Results 18-Oct-23
MORARKFI Quarterly Results 18-Oct-23 WIPRO Quarterly Results;Audited Results 18-Oct-23
OFSS Quarterly Results 18-Oct-23 AARTIDRUGS Quarterly Results;Audited Results 19-Oct-23
PERSISTENT Quarterly Results;General 18-Oct-23 ACCELYA Quarterly Results 19-Oct-23
POLYCAB Quarterly Results 18-Oct-23 ACL Quarterly Results 19-Oct-23
PRECAM General 18-Oct-23 AKI General;Preferential Issue of shares 19-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
RUDRA 18-Oct-23 Stock  Split From Rs.10/- to Rs.5/- JSL 27-Oct-23 Interim Dividend
RUDRA 18-Oct-23 Bonus issue 1:1 LTIM 27-Oct-23 Interim Dividend
BCONCEPTS 19-Oct-23 Final Dividend – Rs. – 0.5000 LTTS 27-Oct-23 Interim Dividend
RITCO 19-Oct-23 E.G.M. SHASHIJIT 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
SEMAC 19-Oct-23 Final Dividend – Rs. – 5.0000 SVRL 27-Oct-23 Bonus issue 1:1
TCS 19-Oct-23 Interim Dividend – Rs. – 9.0000 TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
ANANDRATHI 20-Oct-23 Interim Dividend – Rs. – 5.0000 RKFORGE 30-Oct-23 Interim Dividend
ANGELONE 20-Oct-23 Interim Dividend – Rs. – 12.7000 UNJHAFOR 30-Oct-23 E.G.M.
DALBHARAT 20-Oct-23 Interim Dividend – Rs. – 4.0000 BALKRISIND 31-Oct-23 Interim Dividend
HCLTECH 20-Oct-23 Interim Dividend – Rs. – 12.0000 DRAGARWQ 31-Oct-23 Interim Dividend
KPIGREEN 20-Oct-23 Interim Dividend – Rs. – 0.2500 ELECON 31-Oct-23 Interim Dividend
NEOGEN 20-Oct-23 E.G.M. SASKEN 31-Oct-23 Interim Dividend
VINNY 23-Oct-23 E.G.M. STYRENIX 31-Oct-23 Interim Dividend
INFY 25-Oct-23 Interim Dividend – Rs. – 18.0000 NESTLEIND 01-Nov-23 Interim Dividend
JAYBARMARU 26-Oct-23 Stock  Split From Rs.5/- to Rs.2/- HINDUNILVR 02-Nov-23 Interim Dividend
KSOLVES 26-Oct-23 Interim Dividend – Rs. – 7.0000 ASIANPAINT 03-Nov-23 Interim Dividend
TCIEXP 26-Oct-23 Interim Dividend BNALTD 03-Nov-23 E.G.M.
ASTRAL 27-Oct-23 Interim Dividend EMBASSY 03-Nov-23 Income Distribution RITES
AURIONPRO 27-Oct-23 E.G.M. COLPAL 06-Nov-23 Interim Dividend
BCLIL 27-Oct-23 Stock  Split From Rs.10/- to Rs.1/- SHRIRAMFIN 06-Nov-23 Interim Dividend
ICICIGI 27-Oct-23 Interim Dividend TCI 07-Nov-23 Interim Dividend
ISEC 27-Oct-23 Interim Dividend – Rs. – 12.0000 RITES 08-Nov-23 Interim Dividend

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