The Nifty opened at 11679.25 without any gaps. Prices have seen a down move for the first 5 minutes of trading and then started moving up. The index never looked down afterward, held onto the gains and rallied 130 points. Minor dips in between were quickly bought into. Prices have closed at 11738.85 up by 76.45 points. The Auto sector performed well and closed higher by 1.39% while the Media sector underperformed and closed lower by 2.54%.

On intraday charts, the Nifty has now gone into a very narrow range, with support at 11700 and resistance at 11755. For today, it is possible to trade a breakout from this range in either direction. If the Nifty opens between these two levels, buy above 11755, and keep a stop at 11690.

If the Nifty starts falling, sell below 11690 and keep a stop at 11730. If the Nifty opened with a gap up, wait patiently and then buy above first 15 minutes high. Or if there is a gap down, sell below the low of the first 15 minutes. The low should be below 11690 and the high should be above 11755.


Bank Nifty opened at 22836.95 without any gaps. The index moved lower after the open and then saw a sharp up move. After that, the index held onto the gains and traded sideways for the rest of the day and closed at 22964.80 with a gain of more than 120 points. Private Banks have continued its outperformance and closed higher by 0.55% while PSU Banks closed lower by 1.15%. Within the index, in terms of points, HDFC Bank contributed highest while Kotak Bank the lowest. Bank Nifty continues to move higher for the fourth consecutive day. It was a choppy day with a bullish bias where the index closed near its high.

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TVSMOTOR 478.75 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 467 and for the target of 492-502.
ICICIBANK 382.65 BUY The stock has given a breakout from a narrow trading range. The stock can be bought  at CMP with a stop at 376 and for the target of 392.

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STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
M&M 630 CE BUY 25.70 CMP 22.50 34 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TITAN.Oct 29 1258.65 4.4 19.22 6126750 MGL.Oct 29 833.45 -3.02 17.52 1408800
APOLLOHOSP.Oct 29 2180 2.64 14.39 1701500 UBL.Oct 29 961.4 -1.86 13.75 1430100
ONGC.Oct 29 71.2 2.15 13.78 56964600 SRTRANSFIN.Oct 29 634.05 -3.33 13.51 4410871
TCS.Oct 29 2758.05 1.35 13.62 8102700 BHEL.Oct 29 28.5 -3.23 12.87 74214000
BATAINDIA.Oct 29 1378.1 1.87 11.86 1909050 POWERGRID.Oct 29 160.25 -2.35 11.67 18484000
                                                                        Short Covering Long Unwinding
Sector Price Price% OI% OI Sector Price Price% OI% OI
RELIANCE.Oct 29 2267.7 2.04 -4.62 32011950 M&MFIN.Oct 29 128.1 -3.03 -5.06 15832068
INFRATEL.Oct 29 185.25 1.51 -2.87 12891200 DLF.Oct 29 159.1 -2.9 -4.49 27967500
CADILAHC.Oct 29 416.75 0.17 -2.38 7759400 TATACHEM.Oct 29 301.45 -1.49 -3.62 6182000
SRF.Oct 29 4175 0.64 -0.82 632000 IDEA.Oct 29 8.55 -3.39 -3.32 358820000
BERGEPAINT.Oct 29 610.95 0.49 -0.74 3856600 CHOLAFIN.Oct 29 253.7 -2.65 -3.13 6725000

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Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Life Insurance Comp 578.95 -0.53 2588117 4295393 75.81 India Vix 20.06 2.14 81003
Vedanta Limited 123.35 -10.55 108110333 18603840 69.2 Nifty Auto 8170.05 1.39 81003
Eicher Motors Ltd 2238 1.84 1517302 1822672 66.18 Nifty 50 11738.85 0.66 81003
Sbi Life Insurance Compa 827.95 -0.25 637358 755193 62.32 Nifty it 21017.4 0.58 81003
Nestleind 16114.4 1.5 99647 38944 51.73 Nifty Bank 22964.8 0.49 81003
Srf Ltd. 4156.3 0.75 131772 73919 47.02 Nifty Fmcg 30168.8 0.38 81003
Kotak Mahindra Bank Limi 1324.7 -1.01 2834734 1227288 46.62 Nifty Energy 14914.4 -0.35 81003
Petronet Lng Limited 219.4 -2.03 2897833 1232386 46.4 Nifty Pharma 11915 -0.79 81003
Infosys Limited 1066.55 1.02 9284060 4208832 46.3 Nifty Metal 2267.75 -1.52 81003
Vodafone Idea Limited 6 8.55 -2.84 189210634 79014367 45.9 Nifty Media 1576.25 -2.54 81003


   Domestic                                                                                                                                                  International
•INR: RBI Interest Rate Decision on 9th October, 2020

•INR: Bank Loan Growth on 9th October, 2020

•USD: Core PPI (YoY)  on 10th October 2020

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•Indian bankers fear the government’s decision to waive some interest payments on loans under a COVID-19 support plan will create unnecessary work for lenders and lead to more litigation, without providing much of a boost for the sagging economy.

•Sales of Titan Co.’s mainstay jewellery business rose nearly back to the year-ago level ahead of the festival and wedding season as India continues to reopen the economy after the lockdown. The jewellery-to-watchmaker is seeing demand rise as gold prices remain near a record high despite falling from their peak. The company is betting on increased demand during the Diwali festival season, considered auspicious for buying the precious metal in one of the world’s biggest gold-consuming nation.

•Dixon Technologies Ltd. expects to earn a revenue of Rs 25,000-30,000 crore from the government’s incentive scheme for large-scale electronics manufacturing after India shortlisted the company for the subsidy programme. The company, he said, will reveal its partnerships with global original equipment manufacturers in the next 30-35 days.

•Bharti Airtel has extended its contract with Ericsson for deployment of 5G-ready radio network, a statement said on Wednesday. The Made-in-India 5G-ready Ericsson Radio System products is expected to enhance the network experience of Airtel customers, the statement said but did not disclose the size of the renewed multi-year contract.

Source: Economic Times,  Moneycontrol  ,Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Ex-Date Company Name Purpose Ex-Date
5PAISA Quarterly Results 8-Oct-20 AVTIL General;Voluntary Delisting of Shares 9-Oct-20
ALPHA Quarterly Results 8-Oct-20 GITARENEW General 9-Oct-20
COSPOWER A.G.M.;General 8-Oct-20 ICSL Quarterly Results 9-Oct-20
GMBREW General;Quarterly Results 8-Oct-20 INDIANACRY Quarterly Results 9-Oct-20
INDLEASE A.G.M.;General 8-Oct-20 KDML Bonus issue 9-Oct-20
MJCO Buy Back of Shares 8-Oct-20 MPILCORPL General 9-Oct-20
MOTOGENFIN A.G.M.;General 8-Oct-20 NXTDIGITAL General 9-Oct-20
PRABHAT Audited Results 8-Oct-20 RCF Audited Results;General 9-Oct-20
SGL General 8-Oct-20 SSWL Quarterly Results 9-Oct-20
SGRL Half Yearly Results 8-Oct-20 TERAI Quarterly Results 9-Oct-20
TWL Audited Results 8-Oct-20 VALENCIA General 9-Oct-20


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
SMGOLD 8-Oct-20 Bonus issue 1:2 TCS 14-Oct-20 Interim Dividend
VIVIDM 8-Oct-20 Bonus issue 26:10 ASHFL 15-Oct-20 Dividend – Rs. – 0.10
CHDCHEM 9-Oct-20 Interim Dividend – Rs. – 0.1500 ELIXIR 15-Oct-20 Final Dividend – Rs. – 1.2500
SHUBHAM 9-Oct-20 Bonus issue 1:1 VAL 15-Oct-20 Bonus issue 3:5
POWERMECH 12-Oct-20 Final Dividend – Rs. – 1.00 HIMTEK 16-Oct-20 Dividend – Rs. – 0.20
SHANGAR 12-Oct-20 Bonus issue 1:1 IRCTC 19-Oct-20 Final Dividend – Rs. – 2.50
SHANGAR 12-Oct-20 Interim Dividend – Rs. – 0.10 ISFT 21-Oct-20 Dividend – Rs. – 1.00
SHANGAR 12-Oct-20 Stock  Split From Rs.10/- to Rs.5/- HCLTECH 22-Oct-20 Interim Dividend
INFRATRUST 14-Oct-20 Income Distribution (InvIT) LTTS 26-Oct-20 Interim Dividend


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