NIFTY:
Nifty opened with negative bias due to global market but did not sustain at lower levels and got back into positive territory in the second half and closed at 17822 with a gain of almost one percent up. On the sectoral front , IT, oil&gas, banking were the major participant while majority ended with the positive bias.
As we discussed in our previous report nifty will formed inverted h&s pattern on 15 min chart and this breakout will be confirmed above 17750 and our respected target was 17950 , nifty did the same and witness one side momentum in the second half.
Structurally, formation of higher top higher bottom on the daily chart and inverted h&s signifies positive trend is still intact. We expect nifty will trade with positive bias in coming session any correction would be buying opportunity with a stop loss of 17700.
BANK NIFTY:
Bank nifty opened with negative bias but as the day progressed index came into positive territory and closed with a gain of .43 percent up at 37741. PSU banking stocks continue to outperform while the private banking stock witnessed profit booking as majority ended with positive bias.
Going ahead, we expect the index to undergo a healthy consolidate in the broad range of 36200 -38000 in the coming week, thus forming a higher base for the next leg of up move • Volatility is likely to remain high on account of the volatile global cues . Buying on decline strategy has worked well in the last 15 months, thereby the current volatility would present incremental buying opportunity in quality banking stocks.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| INFY | 1692 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1680 and for the target 1710 |
| NAM INDIA | 448 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 442 and for the target 458 |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| JSWSTEEL | 680 CE | BUY | 32 | CMP | 27 | 40 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| PERSISTENT.Oct 28 | 3768.05 | 0.88 | 41.27 | 190500 | DALBHARAT.Oct 28 | 2072.5 | -3.06 | 64.08 | 295750 | |
| ONGC.Oct 28 | 163.85 | 10.78 | 31.47 | 64456700 | ICICIGI.Oct 28 | 1561.7 | -1.08 | 38.31 | 3411050 | |
| NAM-INDIA.Oct 28 | 449.05 | 0.41 | 24.72 | 2640000 | OBEROIRLTY.Oct 28 | 889.8 | -3.58 | 24.73 | 984900 | |
| TITAN.Oct 28 | 2208.45 | 1.9 | 16.27 | 5321250 | IPCALAB.Oct 28 | 2352.9 | -2.2 | 16.89 | 582300 | |
| JKCEMENT.Oct 28 | 3343.15 | 0.31 | 15.44 | 79800 | POWERGRID.Oct 28 | 190.1 | -0.96 | 16.59 | 38189613 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| MANAPPURAM.Oct 28 | 184.4 | 0.57 | -3.35 | 19908000 | ACC.Oct 28 | 2270 | -0.01 | -2.42 | 2980500 | |
| MCX.Oct 28 | 1693.9 | 0.1 | -1.72 | 1797600 | CANFINHOME.Oct 28 | 704.95 | -1.28 | -1.43 | 4571775 | |
| ADANIENT.Oct 28 | 1535.55 | 0.03 | -1.55 | 25347000 | GODREJPROP.Oct 28 | 2294 | -1.95 | -1.32 | 2143700 | |
| ASHOKLEY.Oct 28 | 132.7 | 1.65 | -1.22 | 51988500 | SUNPHARMA.Oct 28 | 822.35 | -1.36 | -1.17 | 32527600 | |
| POLYCAB.Oct 28 | 2456.95 | 0.39 | -1.14 | 884100 | ZEEL.Oct 28 | 299.6 | -0.93 | -0.55 | 49362000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Oil & Natural Gas Corp | 163.65 | 10.87 | 131238378 | 4139955 | 37.74 | Nifty Energy | 24006.15 | 2.88 | 95382 | |
| Tata Power Co. Ltd. | 179.4 | 6.41 | 161189379 | 3862291 | 22.45 | Nifty it | 35544.3 | 1.19 | 95382 | |
| Aditya Birla Fashion And | 255.6 | 6.15 | 11071898 | 619471 | 32.09 | Nifty Media | 2228.65 | 0.83 | 95382 | |
| Piramal Enterprises | 2922.45 | 4.89 | 3292971 | 278967 | 29.67 | Nifty 50 | 17822.3 | 0.74 | 95448 | |
| Aarti Industries Ltd. | 1066.2 | 4.39 | 4383093 | 992649 | 32.93 | Nifty Auto | 10692 | 0.48 | 95382 | |
| Indusind Bank Ltd. | 1168.6 | 4.36 | 5270013 | 6651302 | 31.12 | Nifty Bank | 37741 | 0.43 | 95382 | |
| Coalindia | 197.95 | 4.21 | 42359592 | 241476 | 25.36 | Nifty Fmcg | 40427.5 | -0.04 | 95382 | |
| Indian Railway Catering | 4166.1 | 3.92 | 7369295 | 2006146 | 28.64 | Nifty Metal | 5800.3 | -0.12 | 95382 | |
| Hindustan Petroleum Corp | 314.45 | 3.85 | 10612386 | 447771 | 34.04 | Nifty Pharma | 14738.25 | -0.5 | 95382 | |
| Coromandel International | 827.05 | 3.27 | 883386 | 916682 | 47.88 | Nifty Realty | 510 | -1.36 | 95382 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: RBI Interest Rate Decision on 8th October, 2021
INR: Deposit and Loan Growth Rate on 8th October, 2021 |
•USD: Crude Oil Inventories on 6th October, 2021
•USD: API Weekly Crude Oil Stock on 6th October, 2021 |
NEWS UPDATES
| •Vedanta Group will look to bid for buying the government’s stake in Hindustan Copper Ltd as when the state-owned firm is put up for privatisation, its billionaire founder Anil Agarwal has said. He said that the company is doing its due diligence for the same.
•The 62 per cent increase in natural gas prices by the Indian government will boost the profitability of upstream companies in the country and support their investment spending, Fitch Ratings said on Tuesday. The price for gas from fields that were assigned by the state to oil companies, mainly Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL), increased to USD 2.90 per million British thermal units (mmBtu) for October 2021-March 2022, from USD 1.79 per mmBtu in the previous six months. •India could face as long as six months battling to ensure coal-fired power plants have enough fuel as the nation’s energy crisis escalates. More than half the nation’s plants are on alert for outages after surging electricity demand and a slump in local coal output eroded stockpiles. Power stations had an average of four days’ worth of coal at the end of last month, the lowest level in years, and down from 13 days at the start of August. •Telecom operator Bharti Airtel and equipment maker Ericsson on Tuesday said they have conducted India’s first 5G network trial in a rural location, demonstrating the potential that 5G can unleash in bridging the digital divide. The demonstration took place in Bhaipur Bramanan village on the outskirts of Delhi-NCR using 5G trial spectrum allocated to Airtel by the Department of Telecom. Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| 7SEASL | Preferential Issue of shares | 06-Oct-21 | LLOYDSME | General | 07-Oct-21 |
| ASITCFIN | General | 06-Oct-21 | MEDICO | Bonus issue;Increase in Auth. Capital | 07-Oct-21 |
| ASYAINFO | Quarterly Results | 06-Oct-21 | SYLPH | Quarterly Results | 07-Oct-21 |
| INOXWIND | General | 06-Oct-21 | TCMLMTD | Rights Issue | 07-Oct-21 |
| MAYUKH | General | 06-Oct-21 | BESTAGRO | General | 08-Oct-21 |
| NAZARA | General;Preferential Issue of shares | 06-Oct-21 | CGVAK | General | 08-Oct-21 |
| RACE | General | 06-Oct-21 | EARUM | Stock Split | 08-Oct-21 |
| TRIVENIGQ | General | 06-Oct-21 | ECORECO | Quarterly Results | 08-Oct-21 |
| GOKEX | General | 07-Oct-21 | ICSL | Quarterly Results | 08-Oct-21 |
| INDITALIA | General | 07-Oct-21 | KANELIND | Quarterly Results | 08-Oct-21 |
| INFRATRUST | General | 07-Oct-21 | MISHTANN | Interim Dividend;Quarterly Results | 08-Oct-21 |
| INTELSOFT | Quarterly Results | 07-Oct-21 | NATURAL | Quarterly Results | 08-Oct-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ANUPAM | 06-Oct-21 | Stock Split From Rs.10/- to Rs.1/- | ASIANTILES | 11-Oct-21 | Final Dividend – Rs. – 0.5000 |
| AFFLE | 07-Oct-21 | Stock Split From Rs.10/- to Rs.2/- | GENSOL | 11-Oct-21 | Bonus issue 1:3 |
| INDSOYA | 07-Oct-21 | Stock Split From Rs.10/- to Rs.5/- | ADVITIYA | 13-Oct-21 | Bonus issue 44100 |
| UNISON | 07-Oct-21 | Bonus issue 4:1 | DHANVARSHA | 13-Oct-21 | Stock Split From Rs.10/- to Rs.2/- |
| DCMSRMIND | 08-Oct-21 | Stock Split From Rs.10/- to Rs.2/- | INFRATRUST | 13-Oct-21 | Income Distribution (InvIT) |
| ASIANTILES | 11-Oct-21 | Final Dividend – Rs. – 0.5000 | JTLINFRA | 13-Oct-21 | Stock Split From Rs.10/- to Rs.2/- |
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