The NIFTY opened at 17102.10 without much of a gap. The index initially moved up but failed to sustain at the higher Levels and drifted downwards after recording its intraday high at 17114.65. Prices have seen a sharp decline of more than 150 points and then started a process of consolidation which lasted for the whole afternoon and eventually broke on the downside. The index has seen another round of selling, this time with more pace, and recorded its intraday low at 16855.55. Prices have finally dosed at 16887.35 with a loss of 207 points or 1.21% down. All the sectoral indices have dosed lower today except PHARMA which ended with a gain of over 1%. METAL, AUTO, and FMCG led the bears today and ended with a loss of over 2%. A breakout on either side may give us a trading opportunity. Volatility is very high as the INDIA VIX, a benchmark index for volatility is now moving around 22. We should wait for a decisive breakout from this range and then plan our trade accordingly. As of now, we should avoid trading the index.


The BANK NIFTY opened at 38444.90 with a big gap down of 282 points. The index initially went up, tried to fill the gap but failed to do so. Prices have moved lower after recording its intraday high at 38641.60 and spent the whole afternoon by moving sideways. The index eventually broke on the downside, recorded its intraday low at 37963.25, and, finally closed at 37974.90 with a loss of 752 points. PSU and PVT BANKS both have performed almost the same today, saw a sharp intraday decline, and closed lower by 2.67 % & 1.52 % respectively. Within the index, in terms of points, ICICIBANK contributed the highest on the downside followed by KOTAK BANK. As mentioned in our previous letter, the support is now visible at around 37500 while resistance is visible at around 39500. We may see a process of consolidation within these levels. We may look for a shorting opportunity on a close below 37500 supports. As of now, we do not have an adequate trade setup that could suggest us a trading opportunity. Avoid trading the index.


BPCL 308.80 BUY The stock has been getting reversed on intraday as well as the daily chart. The stock can be bought at 308.80 with a stop loss of 307 and for the target of 311.95.
GRASIM 1636.45 SELL The stock has verge of giving the breakdown on the intraday as well as the daily chart. The stock can be sold at 1636 with a stop loss of 1656.50 and for the target of 1611.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HDFC LIFE (27 OCT) 500 (PE) BUY 8.40 CMP 6.60 11.50 BREAKDOWN

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
LUPIN.22.10 Oct 723.35 6.02 0.73 8087750 LALPATHLAB.22.10 Oct 2338.4 -6.14 4.97 1141500
ZYDUSLIFE.22.10 Oct 410.85 5.6 5.33 14122800 EICHERMOT.22.10 Oct 3432.95 -5.91 15.8 3655050
AUROPHARMA2210Oct 537.05 4.65 1.19 14023000 APOLLOTYRE.22.10 Oct 265.4 -5.33 1.54 11798500
ONGC.22.10 Oct 132.85 4.24 16.11 40836950 ACC.22.10 Oct 2313.1 -4.51 2.28 4455000
GLENMARK.22.10 Oct 401.8 2.74 3.42 8339800 AUBANK.22.10 Oct 594.4 -4.48 5.37 5336000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MCX.22.10 Oct 1249.45 2.12 -7.95 2514400 ADANIENT.22.10 Oct 3163.7 -8.88 -6 15776000
COALINDIA.22.10 Oct 215.6 1.08 -2.71 33524400 INDIACEM.22.10 Oct 254.75 -6.29 -3.25 14157800
BPCL.22.10 Oct 309.35 1 -0.65 16075800 AMBUJACEM.22.10 Oct 490.35 -5.44 -2.47 59884200
BHEL.22.10 Oct 60.65 0.83 -3.89 106039500 ABFRL.22.10 Oct 332.75 -5.23 -16.63 7612800
DEEPAKNTR.22.10 Oct 2027.9 0.75 -4.57 1889250 ADANIPORTS.22.10 Oct 786.1 -4.79 -0.43 69215000
Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Sbi Life Insurance Compa 1237.25 -1.06 1580617 605722 79.95 Nifty50 16887.35 -1.21 37689065
Icici Lombard General In 1125.45 -2.23 1556791 925596 76.83 Niftybank 38029.65 -1.56 16732644
Rec Limited 91.8 -2.34 11028526 6151607 70.6 Nifty it 26729.1 -0.93 836272
Hdfc Ltd. 2283.05 -0.21 4694474 1786310 69.07 India Vix 21.36 6.96 3.04E+08
Info Edge (india) Limite 3804.6 -1.45 368144 118217 67.58 Nifty Fmcg 43477.3 -2.09 387821
Hcl Technologies Ltd. 930.25 -0.23 2964616 791144 67.54 Nifty Pharma 13118.95 1.13 48846926
Godrej Cons Products Ltd 885.05 -2.79 962267 207063 66.4 Nifty Realty 418.75 -1.24 1.52E+09
Petronet Lng Limited 198.65 -0.63 2689744 808900 65.36 Nifty Auto 12441.05 -2.03 50781161
Pidilite Industries Ltd 2656.25 -1.27 546466 173990 65.04 Nifty Metal 5593.95 -3.02 1.13E+08
Marico Limited 529.5 -1.55 2484236 1109845 64.6 Nifty Financial Services 17270.2 -1.35 3075458


   Domestic                                                                                                                                                  International
INR: Deposit Growth on 7th October, 2022

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

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

USD: Crude Oil Inventories on 5th October, 2022


  • Indian benchmark indices ended on negative note on the first day of the week with Nifty around 16,900. At Close, the Sensex was down 638.11 points or 1.11% at 56,788.81, and the Nifty was down 207 points or 1.21% at 16,887.30. About 1436 shares have advanced, 2012 shares declined, and 150 shares are unchanged. Adani Enterprises, Eicher Motors, Adani Ports, Maruti Suzuki and Tata Consumer Products were among the top losers on the Nifty. However, gainers included ONGC, Dr Reddy’s Laboratories, Cipla, BPCL and Coal India.

  • India’s Manufacturing PMI Slips In September But Remains In Expansion Zone India Manufacturing PMI stood at 55.1 in September against 56.2 in August, according to IHS Markit. A reading above 50 indicates expansion.

  • Nykaa has approved a bonus share issue of five new shares each for one held by the shareholders, according to an exchange filing. the operator of the fashion products platform, gained as much as 11% after the company’s board approved a bonus share issue.

  • Shares of Suzlon Energy Ltd. slumped as much as 14% after the company’s founder died due to a cardiac arrest late on Saturday.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
CHEMCON General 04-Oct-22 WARDINMOBI Rights Issue;General;Right Issue of Equity Shares 07-Oct-22
HALDYNGL General 04-Oct-22 GITARENEW General 10-Oct-22
MEGACOR General 04-Oct-22 GLCL Audited Results;Quarterly Results 10-Oct-22
PULSRIN General;Increase in Authorised Capital 04-Oct-22 MEFCOMCAP Stock  Split 10-Oct-22
PUNITCO Increase in Authorised Capital;Bonus issue 04-Oct-22 TCS Audited Results;Interim Dividend 10-Oct-22
SIPTL Right Issue of Equity Shares 04-Oct-22 GMBREW Quarterly Results 11-Oct-22
THINKINK General;Issue Of Warrants 04-Oct-22 SUPREMEINF Quarterly Results 11-Oct-22
YUG General 04-Oct-22 HCLTECH Interim Dividend;Quarterly Results 12-Oct-22
HAPPSTMNDS General 05-Oct-22 WIPRO Quarterly Results 12-Oct-22
VERANDA General 05-Oct-22 ANGELONE Interim Dividend;Quarterly Results 13-Oct-22
AGARIND Preferential Issue of shares 06-Oct-22 CYIENT Quarterly Results 13-Oct-22
GALACTICO Quarterly Results 06-Oct-22 INFY Audited Results;Interim Dividend;Quarterly Results 13-Oct-22
JFL Half Yearly Results 06-Oct-22 AMAL General 14-Oct-22
MANGIND General 06-Oct-22 BAJAJ-AUTO* Quarterly Results 14-Oct-22
MEL General 06-Oct-22 PLASTIBLEN Quarterly Results 14-Oct-22
MEP General 06-Oct-22 SHREECEM Quarterly Results 14-Oct-22
VIVANTA Quarterly Results 06-Oct-22 SYSCO General 14-Oct-22
CRSTCHM General 07-Oct-22 HDFCBANK Quarterly Results 15-Oct-22
MAYURUNIQ General 07-Oct-22 ICICIPRULI Audited Results;Quarterly Results 15-Oct-22
NETTLINX General 07-Oct-22 CRAFTSMAN General;Quarterly Results 17-Oct-22
OILCOUNTUB General 07-Oct-22 ICICIGI Audited Results;Interim Dividend 18-Oct-22
TRIVENIGQ General 07-Oct-22 LTTS Interim Dividend;Quarterly Results 18-Oct-22


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

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