NIFTY:
The Nifty opened at 11734.45 with a gap up of 65 points. It was a trend day on the upside in the index where open was near the low and close was near the high. Prices have moved higher for the whole day. However, prices have traded sideways in the second half of the day but managed to close near the intraday high. The Nifty finally settled at 11813.50 up by 144.35 points. All the sectoral indices have closed higher except Media and Realty whereas Banks have Financials have led the rally.
The Nifty continued to rally after have notched up minor gains daybefore. The rally was accompanied by as a risk on environment all over the world, from the Asian markets to Europe to pre-market US futures. All markets are gaining. We must also remember the US elections were yesterday, we can expect results or atleast partial results to start coming in from today morning.
We have now observed a trading range being built up in the smaller time frame charts. A trading range breakout is now available to us. Buy above 11830 or sell below 11750.
BANK NIFTY:
Bank Nifty opened at 25108 with a gap up of 263 points. The index made its intraday low at 25085.70 and then saw a sharp upside move throughout the day. The index closed at 25682 with a gain of 830 points.
Private and PSU Banks both have performed well and closed higher by 3.08% and 1.74% respectively. Within the index, in terms of points, ICICI Bank contributed highest while PNB the lowest. It was a second consecutive day on the upside where prices opened near its intraday lows and closed near its highs.
Private banks have continued its performance. These are ideal stocks for investing and positional traders.
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TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| SUNPHARMA | 485.60 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 478 and for the target 500-520. |
| MINDTREE | 1317.80 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1303 and for the target 1360. |
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DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| APOLLOHOSP | 2100 CE | BUY | 91.95 | CMP | 78 | 125 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| ICICIGI.Nov 26 | 1230.4 | 0.02 | 22.89 | 130050 | NTPC.Nov 26 | 85.45 | -4.31 | 29.46 | 71136000 | |
| CADILAHC.Nov 26 | 436.9 | 6.2 | 19.72 | 7238000 | MUTHOOTFIN.Nov 26 | 1186 | -4.52 | 23.21 | 3531000 | |
| POWERGRID.Nov 26 | 178.65 | 3.3 | 17.18 | 16452000 | GODREJPROP.Nov 26 | 1027.9 | -8.79 | 21.22 | 1236300 | |
| MRF.Nov 26 | 67573.8 | 2.25 | 14.63 | 27350 | PETRONET.Nov 26 | 221.5 | -1.93 | 15.98 | 7905000 | |
| DABUR.Nov 26 | 518 | 2.2 | 13.92 | 14762500 | UPL.Nov 26 | 417.7 | -6.27 | 11.86 | 18606900 | |
| Short Covering | Long Unwinding | |||||||||
| Sector | Price | Price% | OI% | OI | Sector | Price | Price% | OI% | OI | |
| CUMMINSIND.Nov 26 | 447 | 1.89 | -6.34 | 1294800 | DLF.Nov 26 | 163.15 | -1.27 | -0.61 | 26419800 | |
| TORNTPOWER.Nov 26 | 312.7 | 1.66 | -5.18 | 1923000 | MINDTREE.Nov 26 | 1317.05 | -0.21 | -0.44 | 1271200 | |
| EXIDEIND.Nov 26 | 160.2 | 0.47 | -4.66 | 10090800 | NAUKRI.Nov 26 | 3554.15 | -0.16 | -0.07 | 750000 | |
| FEDERALBNK.Nov 26 | 53.25 | 2.6 | -4.38 | 83886500 | ||||||
| BPCL.Nov 26 | 349.75 | 0.43 | -2.85 | 19825200 | ||||||
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Icici Lombard General In | 1226.15 | 0.09 | 445423 | 411259 | 75.29 | Nifty Bank | 25682.8 | 3.17 | 82140 | |
| Britannia Ind Ltd. | 3403.65 | -0.49 | 623300 | 436815 | 57.15 | Nifty Metal | 2391.2 | 2.24 | 82140 | |
| Page Industries Limited | 19682.7 | 0.1 | 34766 | 35868 | 54.23 | Nifty Pharma | 11361 | 1.66 | 82140 | |
| Hindustan Unilever Ltd | 2055.7 | -0.79 | 2227402 | 793369 | 53.39 | Nifty Auto | 7848.85 | 1.51 | 82140 | |
| United Spirits Limited | 509.7 | 1.14 | 3279029 | 705388 | 52.25 | Nifty 50 | 11813.5 | 1.24 | 82140 | |
| Icici Prudential Life In | 409.7 | 1.56 | 3725793 | 749064 | 50.26 | Nifty Fmcg | 29526.35 | 0.29 | 82140 | |
| Infosys Limited | 1062.55 | -0.91 | 7204782 | 3553906 | 49.48 | Nifty it | 20736 | 0.02 | 82140 | |
| Sbi Life Insurance Compa | 788.9 | 2.98 | 1542962 | 430008 | 48.21 | Nifty Media | 1413.25 | -0.33 | 82140 | |
| Petronet Lng Limited | 224.85 | -0.79 | 4169031 | 1660711 | 47.82 | Nifty Energy | 14528.45 | -0.53 | 82140 | |
| Itc Ltd. | 170.1 | 2.01 | 22602903 | 6750832 | 46.98 | Nifty Realty | 229.95 | -2.32 | 82140 | |
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UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Nikkei Services PMI (Oct) on 4th November, 2020
INR: Deposit Growth on 6th November, 202 |
•USD : ISM Non-Manufacturing PMI (Oct) on 4th November, 2020
•USD: ADP Nonfarm Employment Change (Oct)on 4th November, 2020 |
NEWS UPDATES
| •Sun Pharmaceutical Industries Ltd.’s quarterly profit rose on the back of lower operating expenses and higher other income. Net profit rose 70% year-on-year to Rs 1,813 crore in the three months ended September. That compares with the Rs 1,124-crore consensus estimate of analysts tracked by Bloomberg. Revenue rose 5% over a year earlier to Rs 8,553 crore, compared with the estimated Rs 8,302 crore. That’s also a 13% rise over the April-June quarter.
•Dabur India Q2 Results Yoy Net profit increased 20% to Rs 482.86 crore Consolidated revenue rose 14% to Rs 2,516.04 crore Ebitda rose 16% to Rs 569.43 crore Margin stood at 22.6% against 22.1% a year ago During the quarter, the ayurveda products maker witnessed a 70.8% growth in health supplements, led by a twofold jump in Chyawanprash sales. Its honey sales, too, rose in double digits, the company said in an investor presentation. •Muthoot Finance on Tuesday reported a 2.5% increase in consolidated net profit at ₹930.80 crore for the second quarter ended September of the current fiscal year.Total income grew 17.4% to ₹2,824.19 crore during July-September period of 2020-21 from ₹2,406.39 crore in the same period of 2019-20. •Kishore Biyani led-Future Group has filed a caveat before the Delhi High Court requesting it to be heard if any plea is filed by e-commerce major Amazon over its Rs 24,713 crore deal with Mukesh Ambani-led RIL. Source: Economic Times, Moneycontrol ,Business Today, Livemint, Business Standard, Bloomberg Quint |
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BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ADANIENT | Quarterly Results | 04-Nov-20 | HINDPETRO | Buy Back of Shares; Results | 04-Nov-20 |
| ADANIGREEN | Quarterly Results | 04-Nov-20 | INDHOTEL | Quarterly Results | 04-Nov-20 |
| APOLLOTYRE | Quarterly Results | 04-Nov-20 | INDINFRA | Quarterly Results | 04-Nov-20 |
| BALRAMCHIN | Quarterly Results | 04-Nov-20 | JKLAKSHMI | Quarterly Results | 04-Nov-20 |
| BASF | Quarterly Results | 04-Nov-20 | JUBILANT | General;Quarterly Results | 04-Nov-20 |
| DATAMATICS | Quarterly Results | 04-Nov-20 | JYOTHYLAB | Quarterly Results | 04-Nov-20 |
| GALLANTT | General;Quarterly Results | 04-Nov-20 | KALPATPOWR* | General;Quarterly Results | 04-Nov-20 |
| GALLISPAT | Quarterly Results | 04-Nov-20 | KEC | Quarterly Results | 04-Nov-20 |
| GATI | Quarterly Results | 04-Nov-20 | LUPIN | General;Quarterly Results | 04-Nov-20 |
| GODREJAGRO | Quarterly Results | 04-Nov-20 | NELCO | Quarterly Results | 04-Nov-20 |
| GOKULAGRO | Quarterly Results | 04-Nov-20 | PIDILITIND | Quarterly Results | 04-Nov-20 |
| GREENPLY | Quarterly Results | 04-Nov-20 | SBIN | Quarterly Results | 04-Nov-20 |
| HAPPSTMNDS | Quarterly Results | 04-Nov-20 | SRF | Quarterly Results | 04-Nov-20 |
| HIKAL | Quarterly Results | 04-Nov-20 | THERMAX | Quarterly Results | 04-Nov-20 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| LT | 04-Nov-20 | Special Dividend – Rs. – 18.00 | SUPPETRO | 05-Nov-20 | Interim Dividend – Rs. – 2.50 |
| RICOAUTO | 04-Nov-20 | Dividend – Rs. – 0.30 | SUPREMEIND | 05-Nov-20 | Interim Dividend – Rs. – 5.00 |
| AMBUJACEM | 05-Nov-20 | Interim Dividend – Rs. – 17.00 | VAIBHAVGBL | 05-Nov-20 | Interim Dividend – Rs. – 5.00 |
| CASTROLIND | 05-Nov-20 | Interim Dividend – Rs. – 2.50 | COSMOFILMS | 06-Nov-20 | Buy Back of Shares |
| CONTPTR | 05-Nov-20 | Stock Split From Rs.10/- to Rs.5/- | DAAWAT | 06-Nov-20 | Interim Dividend – Rs. – 0.50 |
| ISEC | 05-Nov-20 | Interim Dividend – Rs. – 8.00 | SURYAROSNI | 06-Nov-20 | Interim Dividend – Rs. – 1.50 |
| KOPRAN | 05-Nov-20 | Interim Dividend – Rs. – 1.50 | ASIANTILES | 09-Nov-20 | Dividend – Rs. – 0.70 |
| MARICO | 05-Nov-20 | Interim Dividend – Rs. – 3.00 | EMBASSY | 09-Nov-20 | Income Distribution RITES |
| SRD | 05-Nov-20 | Bonus issue 1:3 | INDIGRID | 09-Nov-20 | Income Distribution (InvIT) |
DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014
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