The NIFTY opened at 17147.45 with a big gap up of 260 points. The index continued moving higher after recording its intraday low at 17117.30 and went above 17200 within a few minutes. The index kept on rising and then started facing resistance around 17250. Prices formed a consolidation there and moved around 17250 for the rest of the day. Prices have seen another rally in the late hour of trading, recorded its intraday high at 17287.30, and finally closed at 17274.30 with a gain of 386.95      or 2.29% up. All the sectoral indices have closed higher today led by METAL which ended with a gain of more than 3%. BANK, FINANCIAL and IT also performed well today and closed higher by nearly 3%. The short-term trend remained sideways despite the index breaking the 17200 resistance decisively. Markets made a smart recovery today, with the NIFTY comfortably closing above 17200 amid positive global cues and buying across sectors. We should step aside and avoid trading the index for the time being.


The BANK NIFTY opened at 38700.40 with a big gap up of 726 points. The index continued moving higher after recording its intraday low at 38596.90 and went above 39000. Prices then started moving sideways and continued that sideways movement till the end. The index recorded its intraday high at 39177.50 and finally closed at 39121.85 with a gain of 1147 points. PSU and PVT BANKS both have performed almost the same today, saw a sharp intraday rally, and closed higher by 2.97% & 3.16% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside followed by ICICIBANK. The short-term trend remains sideways. The support is visible at around 37500 while resistance is visible at around 39500. Our view is we may see a        process of consolidation within these levels. The index today came close to the resistance level. We should wait and see how prices move around 39500 resistance. As of now, we do not have an adequate trade setup that could suggest us a trading opportunity. Avoid trading the index.


ZEEL 268.20 BUY The stock has been getting reversed on intraday as well as the daily chart. The stock can be bought at 268.20 with a stop loss of 264 and for the target of 280.
PVR LTD 1739.60 SELL The stock has given the breakdown on the intraday as well as the daily chart. The stock can be sold at 1735.40 with a stop loss of 1749.65 and for the target of 1714.15.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
IRCTC (27 OCT)  740 (CE) BUY 15.30 CMP 11.70 22.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
M&MFIN.22.10 Oct 201.6 12 7.92 25904000 GSPL.22.10 Oct 224 -1.86 37.52 5260000
IDFCFIRSTB.22.10 Oct 53.65 8.49 16.82 193770000 MOTHERSON.22.10 Oct 72.4 -0.82 5.87 67662000
ZEEL.22.10 Oct 271 6.86 6.48 101970000 POWERGRID.22.10 Oct 209.8 -0.73 7.85 50857200
IDFC.22.10 Oct 70.3 6.6 3.16 124330000 PVR.22.10 Oct 1748 -0.54 2.84 3288153
IBULHSGFIN.22.10 Oct 125.15 6.19 2.81 36480000 MARICO.22.10 Oct 527.65 -0.53 6.49 9078000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
L&TFH.22.10 Oct 77.35 6.69 -7.42 52250020
SAIL.22.10 Oct 80.15 5.32 -2.65 83430000
PEL.22.10 Oct 870.45 4.55 -0.15 4807000
MCDOWELL-N.2210Oct 865.8 4.42 -1.49 19482500
BANDHANBNK2210Oct 272.5 4.11 -1.97 26377200


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Asset Management Co 1892.4 2.94 180567 0 67.09 Nifty50 17274.3 2.29 71643
Hdfc Bank Ltd. 1456.15 3.04 5765987 0 66.25 Niftybank 39110.05 2.84 71646
Abb Limited 3080.8 2.87 313737 0 63.12 Nifty it 27496.95 2.87 71646
Abbott India Limited 18978.5 0.77 17310 0 62.97 India Vix 19.57 -8.38 71643
Icici Lombard General In 1149.95 2.18 523617 0 59.46 Nifty Fmcg 44287.05 1.86 71646
Bosch Limited 15905.05 1.83 12881 0 58.25 Nifty Pharma 13233.45 0.87 71646
Rec Limited 93.65 2.02 6251879 0 55.78 Nifty Realty 428.25 2.27 71646
Power Finance Corporatio 105 1.11 4723056 0 54.81 Nifty Auto 12690.55 2.01 71646
Bajaj Auto Limited 3579.6 1.83 317554 0 53.37 Nifty Metal 5769.3 3.13 71646
Alkem 3301.05 0.92 61649 0 52.85 Nifty Financial Services 17741.05 2.73 71646


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

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

 USD: Initial Jobless Claims on 6th October, 2022

USD: FOMC Member Bostic Speaks on 6th October, 2022


  • Indian benchmark indices ended on positive note with Nifty above 17200 amid buying across the sectors. At Close, the Sensex was up 1,276.66 points or 2.25% at 58,065.47, and the Nifty was up 387 points or 2.29% at 17,274.30. About 2507 shares have advanced, 842 shares declined, and 112 shares are unchanged. IndusInd Bank, Adani Ports, Coal India, Hero MotoCorp and Bajaj Finance were among the top gainers on the Nifty. On the other hand, Power Grid Corporation, Dr Reddy’s Laboratories were the top losers.

  • India’s retail auto sales rose 10.9% year-on-year to 14.64 lakh units in September, according to Federation of Automobile Dealers Associations. The volumes, however, were still 3.8% lower than the corresponding pre-pandemic period in 2019.

  • The government has approved a sum of Rs 26,000 crore to set up 25,000 telecommunication towers in the country over the next 500 days, as connectivity is vital for Digital India, telecom minister Ashwini Vaishnaw has said.

  • Shares of HDFC Bank Ltd. gained after India’s largest private lender reported a rise in advances and deposits in the second quarter. Deposits rose 19% year-on-year to Rs 16.73 lakh crore in the quarter ended September, according to the bank’s quarterly business update released on the bourses Tuesday.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AGARIND Preferential Issue of shares 06-Oct-22 ITHL Quarterly Results 10-Oct-22
GALACTICO Quarterly Results 06-Oct-22 KHYATI General 10-Oct-22
JFL Half Yearly Results 06-Oct-22 MEFCOMCAP Stock  Split 10-Oct-22
MANGIND General 06-Oct-22 MIL General 10-Oct-22
MEL General 06-Oct-22 REGENCY General;Bonus issue 10-Oct-22
MEP General 06-Oct-22 TCS Audited Results;Interim Dividend 10-Oct-22
VIVANTA Quarterly Results 06-Oct-22 TTLEL Increase in Authorised Capital;Preferential Issue of shares;General 10-Oct-22
CRSTCHM General 07-Oct-22 VEGETABLE General 10-Oct-22
HAZOOR Right Issue of Equity Shares 07-Oct-22 VSFPROJ Issue Of Warrants;Preferential Issue of shares;General 10-Oct-22
JAYBHCR General 07-Oct-22 GMBREW Quarterly Results 11-Oct-22
JSGLEASING Issue Of Warrants;General 07-Oct-22 GUJHOTE Quarterly Results 11-Oct-22
MAHACORP General 07-Oct-22 SUPREMEINF Quarterly Results 11-Oct-22
MAYURUNIQ General 07-Oct-22 DYNAVSN General 12-Oct-22
MODCL General 07-Oct-22 HCLTECH Quarterly Results;Interim Dividend 12-Oct-22
NETTLINX General 07-Oct-22 NXTDIGITAL Quarterly Results 12-Oct-22
OILCOUNTUB General 07-Oct-22 WIPRO Quarterly Results 12-Oct-22
POPULARES General 07-Oct-22 ANANDRATHI Quarterly Results;Interim Dividend 13-Oct-22
SAMPRE General 07-Oct-22 ANGELONE Quarterly Results;Interim Dividend 13-Oct-22
SHALPRO General 07-Oct-22 ASHAI General 13-Oct-22
SKYLMILAR General 07-Oct-22 BIRLAMONEY Quarterly Results 13-Oct-22
TRIVENIGQ General 07-Oct-22 CYIENT Quarterly Results 13-Oct-22
VISAGAR General 07-Oct-22 INFY Quarterly Results;Audited Results;Interim Dividend 13-Oct-22
VIVIDHA General 07-Oct-22 MINDTREE Quarterly Results 13-Oct-22
WARDINMOBI Right Issue of Equity Shares;General;Rights Issue 07-Oct-22 AMAL General 14-Oct-22
SFSL A.G.M. 08-Oct-22 BAJAJ-AUTO* Quarterly Results 14-Oct-22
WELCURE Quarterly Results 08-Oct-22 PLASTIBLEN Quarterly Results 14-Oct-22
EIGHTY General 10-Oct-22 SHREECEM Quarterly Results 14-Oct-22
EXCEL General;Quarterly Results 10-Oct-22 SYSCO General 14-Oct-22
GARNETINT General 10-Oct-22 HDFCBANK Quarterly Results 15-Oct-22
GITARENEW General 10-Oct-22 ICICIPRULI Quarterly Results;Audited Results 15-Oct-22
GLCL Quarterly Results;Audited Results 10-Oct-22 LTI Quarterly Results 15-Oct-22
GORANIN Quarterly Results 10-Oct-22 TDSL General 15-Oct-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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 ANANDRATHI 20-Oct-22 Interim Dividend
INDINFR 06-Oct-22 Income Distribution (InvIT) ANGELONE 20-Oct-22 Interim Dividend
SPAL 06-Oct-22 Buy Back of Shares JAICORPLTD 20-Oct-22 Dividend – Rs. – 0.5000
ANSHNCO 07-Oct-22 Bonus issue 4:1 PERFEPA 21-Oct-22 Stock  Split From Rs.10/- to Rs.2/-
RUCHIRA 10-Oct-22 Bonus issue 1:10 VGIL 21-Oct-22 Final Dividend – Rs. – 0.2000
UNICK 10-Oct-22 E.G.M. ICICIGI 27-Oct-22 Interim Dividend
COLORCHIPS 12-Oct-22 Stock  Split From Rs.10/- to Rs.2/- LTTS 27-Oct-22 Interim Dividend
GREENCREST 12-Oct-22 Stock  Split From Rs.10/- to Rs.1/- ASIANPAINT 31-Oct-22 Interim Dividend
KAARYAFSL 12-Oct-22 Bonus issue 1:1 ISEC 31-Oct-22 Interim Dividend
NIKHILAD 12-Oct-22 Stock  Split From Rs.10/- to Rs.1/- PGHH 04-Nov-22 Final Dividend – Rs. – 65.0000
SECMARK 12-Oct-22 Bonus issue 3:2 GILLETTE 10-Nov-22 Final Dividend – Rs. – 36.0000
SHBCLQ 12-Oct-22 Bonus issue 1:2 PGHL 15-Nov-22 Final Dividend – Rs. – 11.5000

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