The NIFTY opened at 16798.05 with a minor gap down of just 20 points. Initially, the index moved lower but quickly found support and started consolidating inside a range. Prices recorded its intraday low at 16747.70 and then broke out on the upside. The index rallied sharply. The index kept on rising and crossed above 17000 quickly. The NIFTY recorded its intraday high at 17187.10 and saw a correction in the last hour of trading. The index finally closed at 17094.35 near its daily highs with a gain of 276.25 points or 1.64% up. All the sectoral indices have closed higher today led by METAL, BANK, and FINANCIAL which ended with a gain of over 2%. AUTO, MEDIA, and REALTY also performed well today and gained over 1%. The short-term trend has changed to sideways today which was down for many days. We have mentioned a strong support zone around 16800 – 17000. The index has bounced up at around 16800. The volatility has also started cooling off as we already expected. The INDIA VIX, a benchmark index for volatility is now moving below 20 which suggests the volatility is moderately high. We should wait for one or two days more and see if this rally sustains or if prices resume its down move.  As of now, we should avoid trading the index.


The BANK NIFTY opened at 37660 with a gap up of just 41 points. The index initially moved lower but quickly found support and turned up after recording its intraday low at 37386.35. The rally continued for the whole day, prices breaking above 38000 decisively and recording its intraday high at 38811. Prices have seen a correction in the last hour of trading and finally closed at 38726.50 with a gain of 725 points. PSU and PVT BANKS both have performed almost the same today, saw a sharp intraday rally, and dosed higher by 3.01% & 2.79% respectively. Within the index, in terms of points, HDFCBANK contributed the highest on the upside followed by ICICIBANK. The short-term trend is sideways now as prices have dosed well above 38000. Support is now visible at around 37500 while resistance is visible at around 39500. We were expecting a fall in volatility and that did happen. After a wide range days today, we should wait for one or two days more. We will plan our trades accordingly. As of now, avoid trading the index.


HINDALCO 390.55 BUY The stock has been getting reversed on intraday as well as the daily chart. The stock can be bought at 395.50 with a stop loss of 388.80 and for the target of 407.15.
ICICI GI 1151.15 SELL The stock has verge of giving the breakdown on the intraday as well as the daily chart. The stock can be sold at 1147.50 with a stop loss of 1159.50 and for the target of 1127.



Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
GLENMARK (27 OCT) 390 (CE) BUY 18.45 CMP 16.45 22.30 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDIACEM.22.10 Oct 274.75 11.66 926.21 14761000 GUJGASLTD.22.10 Oct 485 -6.15 2746.49 6582500
CANBK.22.10 Oct 230.25 7.17 1017.91 38936700 IGL.22.10 Oct 400.05 -4.78 1716.98 13091375
GRANULES.22.10 Oct 347.05 7.13 1678.31 9674000 MGL.22.10 Oct 837.9 -4.17 5248.72 3337600
INDUSTOWER.22.10Oct 198 6.59 1312.64 14397600 LALPATHLAB.22.10 Oct 2494.75 -3.84 1049.34 1089000
HINDALCO.22.10 Oct 392.95 6.05 1392.41 29183025 SRTRANSFIN.22.10 Oct 1170.9 -2.99 2026.06 4209600
                                                                        Short Covering                                                                       Long Unwinding


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Sbi Life Insurance Compa 1250.45 0.86 1344894 0 75.89 Nifty50 17094.35 1.64 75570
Shree Cements Ltd. 21033.1 -1.19 217810 0 74.99 Niftybank 38631.95 2.61 75570
Honeywell Auto India Ltd 40004.15 2.79 3315 0 74.33 Nifty it 26981.15 0.6 75570
Hdfc Life Insurance Comp 530.45 0.46 3216000 0 72.37 India Vix 19.97 -6.26 75570
Hdfc Ltd. 2287.75 2.25 4652604 0 71.55 Nifty Fmcg 44405.65 0.11 75570
Infosys Limited 1413.45 1.06 8120112 0 71.03 Nifty Pharma 12971.9 0.76 75570
Icici Lombard General In 1151.15 -1.27 1527493 0 70.75 Nifty Realty 424 1.97 75570
Hindustan Unilever Ltd 2696.45 -0.15 1340053 0 69.17 Nifty Auto 12699.3 1.62 75570
Icici Bank Ltd. 862 2.14 13175031 0 68.65 Nifty Metal 5768.2 2.17 75570
Bharat Electronics Ltd 100.95 1.97 28502920 0 68.43 Nifty Financial Services 17506.65 2.24 75570


   Domestic                                                                                                                                                  International
INR: Trade Balance on 3rd October, 2022

INR: FX Reserves, USD on 7th October, 2022

 USD: ISM Manufacturing PMI (Sep) on 3rd October, 2022

USD: JOLTs Job Openings (Aug) on 4th October, 2022


  • Indian benchmark indices ended sharply higher on September 30 with Nifty closing above 17,000 after Reserve Bank of India (RBI) announced repo rate hike by 50 bps. At Close, the Sensex was up 1,016.96 points or 1.80% at 57,426.92, and the Nifty was up 276.20 points or 1.64% at 17,094.30. About 2283 shares have advanced, 1058 shares declined, and 95 shares are unchanged.

  • Escorts Kubota Ltd.’s total tractor sales rose 38.7% year-on-year to 12,232 units in September. The sales were considerably higher than analysts’ consensus estimate, which pegged the growth at just over 1%. Domestic tractor sales rose 42.7% to 11,384 units Tractor exports inched up 0.8% to 848 unit.

  • Aviation Fuel Price Cut By 4.5%, Commercial LPG Rates Reduced By Rs 25.5 This is the sixth reduction in price of commercial LPG since June, in step with softening international energy prices.

  • After its board meeting, the Securities and Exchange Board of India (Sebi) has allowed net settlement of cash segment and F&O (futures and options) segment upon expiry of stock derivatives. The decision has been taken to facilitate efficient settlement, according to a statement from the national markets regulator.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ANURAS General 03-Oct-22 MANGIND General 06-Oct-22
DHANADACO General 03-Oct-22 MEL General 06-Oct-22
GETALONG General 03-Oct-22 MEP General 06-Oct-22
HDIL Audited Results;Quarterly Results 03-Oct-22 VIVANTA Quarterly Results 06-Oct-22
NYKAA Bonus issue 03-Oct-22 CRSTCHM General 07-Oct-22
ROJL General 03-Oct-22 MAYURUNIQ General 07-Oct-22
SARDAPPR General;Preferential Issue of shares 03-Oct-22 NETTLINX General 07-Oct-22
SKIFL Issue Of Warrants 03-Oct-22 OILCOUNTUB General 07-Oct-22
CHEMCON General 04-Oct-22 TRIVENIGQ General 07-Oct-22
HALDYNGL General 04-Oct-22 WARDINMOBI Rights Issue;General;Right Issue of Equity Shares 07-Oct-22
MEGACOR General 04-Oct-22 GITARENEW General 10-Oct-22
PULSRIN General;Increase in Authorised Capital 04-Oct-22 GLCL Audited Results;Quarterly Results 10-Oct-22
PUNITCO Increase in Authorised Capital;Bonus issue 04-Oct-22 MEFCOMCAP Stock  Split 10-Oct-22
SIPTL Right Issue of Equity Shares 04-Oct-22 TCS Audited Results;Interim Dividend 10-Oct-22
THINKINK General;Issue Of Warrants 04-Oct-22 GMBREW Quarterly Results 11-Oct-22
YUG General 04-Oct-22 SUPREMEINF Quarterly Results 11-Oct-22
HAPPSTMNDS General 05-Oct-22 HCLTECH Interim Dividend;Quarterly Results 12-Oct-22
VERANDA General 05-Oct-22 WIPRO Quarterly Results 12-Oct-22
AGARIND Preferential Issue of shares 06-Oct-22 ANGELONE Interim Dividend;Quarterly Results 13-Oct-22
GALACTICO Quarterly Results 06-Oct-22 CYIENT Quarterly Results 13-Oct-22
JFL Half Yearly Results 06-Oct-22 INFY Audited Results;Interim Dividend;Quarterly Results 13-Oct-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
JONJUA 03-Oct-22 Bonus issue 4:23 GREENCREST 12-Oct-22 Stock  Split From Rs.10/- to Rs.1/-
MAXIMUS 03-Oct-22 Stock  Split From Rs.10/- to Rs.1/- KAARYAFSL 12-Oct-22 Bonus issue 1:1
MOTHERSON 03-Oct-22 Bonus issue 1:2 NIKHILAD 12-Oct-22 Stock  Split From Rs.10/- to Rs.1/-
SUZLON 03-Oct-22 Right Issue of Equity Shares SECMARK 12-Oct-22 Bonus issue 3:2
YUG 03-Oct-22 Bonus issue 1:2 SHBCLQ 12-Oct-22 Bonus issue 1:2
LEHAR 04-Oct-22 E.G.M. TCS 17-Oct-22 Interim Dividend
MLINDLTD 04-Oct-22 Bonus issue 6:1 HCLTECH 19-Oct-22 Interim Dividend
MLINDLTD 04-Oct-22 Final Dividend – Rs. – 0.5000 ANGELONE 20-Oct-22 Interim Dividend
ACCELYA 06-Oct-22 Final Dividend – Rs. – 45.0000 JAICORPLTD 20-Oct-22 Dividend – Rs. – 0.5000
AHLEAST 06-Oct-22 Bonus issue 1:2 PERFEPA 21-Oct-22 Stock  Split From Rs.10/- to Rs.2/-
AHLEAST 06-Oct-22 Spin Off VGIL 21-Oct-22 Final Dividend – Rs. – 0.2000
INDINFR 06-Oct-22 Income Distribution (InvIT) ICICIGI 27-Oct-22 Interim Dividend
SPAL 06-Oct-22 Buy Back of Shares LTTS 27-Oct-22 Interim Dividend
ANSHNCO 07-Oct-22 Bonus issue 4:1 ASIANPAINT 31-Oct-22 Interim Dividend
RUCHIRA 07-Oct-22 Bonus issue 1:10 ISEC 31-Oct-22 Interim Dividend
UNICK 10-Oct-22 E.G.M. PGHH 04-Nov-22 Final Dividend – Rs. – 65.0000
COLORCHIPS 12-Oct-22 Stock  Split From Rs.10/- to Rs.2/- GILLETTE 10-Nov-22 Final Dividend – Rs. – 36.0000

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