The NIFTY opened at 17287.20 with a gap down of 44 points. The index filled the gap quickly, turned down, found support around 17250, bounced up sharply, and found resistance around 17330. Prices again went down, broke down its early morning lows, and recorded its intraday low at 17216.95. The index again bounced up and saw a sharp intraday rally with minor dips. The NIFTY recorded its intraday high at 17337.35 and finally dosed at 17314.65 near its daily highs with a loss of 17.15 points or 0.10% down. REALTY, MEDIA outperformed today and dosed higher by 0.32% & 0.38% respectively. OIL GAS and IT underperformed today and dosed lower by 0.72% & 0.70% respectively. On the weekly timeframe chart, the index closed higher this week after three down weeks. Meanwhile, on the daily timeframe chart, the index is consolidating inside the 16800 – 17400 zones. Next week, we should take a trade in the direction of a breakout. Look to buy above 17400 or sell short below 17200. Keep a stop of 80 points and a target of 240 points from your entry price.


The BANK NIFTY opened at 39093.50 with a gap down of 146 points. The index initially moved down and found intraday support around 38800. Prices have consolidated there for the whole afternoon and recorded its intraday low at 38807. So the consolidation eventually broke on the upside and prices have seen a sharp rally in the last two hours of trading. The index recorded its intraday high at 39235.05 and finally closed at 39199.40 with a loss of 40 points. PSU BANKS have underperformed today and closed lower by 0.23% whereas PVT BANKS have outperformed today and closed higher by 0.11%. Within the index, in terms of points, INDUSIND BANK contributed the highest on the upside while SBI contributed the lowest. On the weekly timeframe chart, the index closed higher this week after two weeks of sharp decline. On the daily timeframe chart, prices have formed a trading range within the 37500 – 39500 zones. The short-term trend remains sideways. Traders should look for a buying opportunity on a breakout above 39500 or a shorting opportunity on a breakdown below 38800. Keep a stop of 300 points and a target of 800 points.


GRASIM 1697.90 BUY The stock has been getting reversed on intraday as well as the daily chart. The stock can be bought at 1702 with a stop loss of 1694.90 and for the target of 1714.85.
TATA CONSUMERS 780.90 SELL The stock has given the breakdown on the intraday as well as the daily chart. The stock can be sold at 779.40 with a stop loss of 782.85 and for the target of 774.20.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
GRASIM (27 OCT)  1700 (CE) BUY 46.30 CMP 39.55 60 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TITAN.22.10 Oct 2743 5.78 11.59 5615625 RAMCOCEM.22.10 Oct 729.45 -3.73 10.14 3230850
CUB.22.10 Oct 179.85 4.66 0.13 7555000 BIOCON.22.10 Oct 283.95 -2.99 8.7 19690300
AMBUJACEM.22.10 Oct 528.3 3.69 3.98 63385200 JUBLFOOD.22.10 Oct 621.25 -2.94 7.45 10615000
ABB.22.10 Oct 3305 3.23 7.59 1339750 DALBHARAT.22.10 Oct 1534.9 -2.81 9.56 1466500
IBULHSGFIN.22.10 Oct 136.6 3.09 7.27 43176000 DIXON.22.10 Oct 4319 -2.62 9.61 611875
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BERGEPAINT.22.10 Oct 630 2.06 -0.12 7508600 JINDALSTEL.22.10 Oct 446.6 -1.89 -1.93 28737500
ABFRL.22.10 Oct 341.5 1.23 -1.23 7514000 ATUL.22.10 Oct 8924 -1.38 -0.05 156975
MANAPURAM2210Oct 102.45 1.19 -1 26634000 IDFC.22.10 Oct 70.95 -1.05 -0.39 1.25E+08
RBLBANK.22.10 Oct 123.05 1.11 -0.23 44595000 MINDTREE.22.10 Oct 3284.3 -0.83 -0.05 2634200
MCX.22.10 Oct 1332.35 0.81 -1.18 2270400 GRANULES.22.10 Oct 348.7 -0.71 -0.55 8690000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Itc Ltd. 334.1 -0.76 10506078 0 75.61 Nifty50 17314.65 -0.1 81531
Icici Lombard General In 1144.9 -1.34 1134702 0 74.75 Niftybank 39178.05 -0.27 81531
Hdfc Ltd. 2326.9 0.47 1942133 0 74.09 Nifty it 27733.6 -0.7 81531
Atul Ltd. 8900.4 -1.13 11943 0 71.67 India Vix 18.81 -2.63 81531
Hcl Technologies Ltd. 957.7 -0.71 2174327 0 70.75 Nifty Fmcg 43813.3 -0.64 81531
Reliance Industries Ltd 2432.35 0.42 3560167 0 69.68 Nifty Pharma 13134.7 -0.4 81531
Axis Bank Limited 755.7 0.08 7500540 0 69.13 Nifty Realty 438.55 0.32 81531
Infosys Limited 1451.2 -0.27 3994466 0 68.88 Nifty Auto 12761.95 -0.18 81531
Larsen & Toubro Limited 1924.55 0.61 1469264 0 68.72 Nifty Metal 5931.55 -0.43 81531
Max Financial Services l 771.3 0.18 204408 0 68.31 Nifty Financial Services 17707 -0.24 81531


   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Sep) on 12th October, 2022

INR: Manufacturing Output (MoM) (Aug) on 12th October, 2022

 USD: FOMC Member Brainard Speaks on 10th October, 2022

USD: PPI (MoM) (Sep) on 12th October, 2022


  • Indian benchmark indices ended with marginal change in the highly volatile session on October 7.At Close, the Sensex was down 30.81 points or 0.05% at 58,191.29, and the Nifty was down 17.10 points or 0.10% at 17,314.70. About 1915 shares have advanced, 1445 shares declined, and 96 shares are unchanged.

  • Retail investors continued to be net sellers in the cash market for the second month in a row in August. The category net sold Rs 2,000 crore worth of equities in August, following a Rs 5,500-crore selloff in July, according to data released by the National Stock Exchange.

  • Shares of Hero MotoCorp Ltd. gained after Jefferies upgraded the stock of India’s biggest two-wheeler maker. The research house upgraded the stock to ‘buy’ from ‘hold’, with a target price of Rs 3,000 that implies a potential upside of 13.37%, according to its report. The automaker is set to launch its first electric scooter under the Vida brand on Friday.

  • Titan Co. Ltd. gained the most in three months after the Tata Group company posted “healthy double-digit growth across most businesses” with overall sales growing 18% year-on-year. The jewellery and watch retailer in its quarterly business update said its store network continued to expand in the quarter ended September, with a net addition of 105 stores.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
EASEMYTRIP Increase in Authorised Capital;Bonus issue;Stock  Split 10-Oct-22 DELTACORP Quarterly Results 11-Oct-22
EIGHTY General 10-Oct-22 GMBREW Quarterly Results 11-Oct-22
EXCEL General;Quarterly Results 10-Oct-22 GUJHOTE Quarterly Results 11-Oct-22
GARNETINT General 10-Oct-22 NCLRESE General 11-Oct-22
GITARENEW General 10-Oct-22 NINSYS General 11-Oct-22
GLCL Quarterly Results;Audited Results 10-Oct-22 SUPREMEINF Quarterly Results 11-Oct-22
GORANIN Quarterly Results 10-Oct-22 TTFL General;Quarterly Results 11-Oct-22
ITHL Quarterly Results 10-Oct-22 7NR Quarterly Results 12-Oct-22
JTLINFRA Quarterly Results 10-Oct-22 ARTSONEN Quarterly Results 12-Oct-22
KHYATI General 10-Oct-22 BIRLAPREC General 12-Oct-22
MEFCOMCAP Stock  Split 10-Oct-22 DYNAVSN General 12-Oct-22
MIL General 10-Oct-22 HCLTECH Quarterly Results;Interim Dividend 12-Oct-22
MIRCH General 10-Oct-22 INDITALIA General 12-Oct-22
REGENCY General;Bonus issue 10-Oct-22 MANGIND Quarterly Results 12-Oct-22
RRMETAL Preferential Issue of shares 10-Oct-22 MNIL General;Quarterly Results 12-Oct-22
SIPTL Quarterly Results 10-Oct-22 NATIONSTD Quarterly Results 12-Oct-22
TCS Audited Results;Interim Dividend 10-Oct-22 NXTDIGITAL Quarterly Results 12-Oct-22
TTLEL Increase in Authorised Capital;Preferential Issue of shares;General 10-Oct-22 SARDAPPR Preferential Issue of shares;General 12-Oct-22
VEGETABLE General 10-Oct-22 SCBL Quarterly Results 12-Oct-22
VSFPROJ Issue Of Warrants;Preferential Issue of shares;General 10-Oct-22 SEL Quarterly Results 12-Oct-22
CHOKSI Quarterly Results 11-Oct-22 STANCAP Quarterly Results 12-Oct-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
RUCHIRA 10-Oct-22 Bonus issue 1:10 JAICORPLTD 20-Oct-22 Dividend – Rs. – 0.5000
UNICK 10-Oct-22 E.G.M. ANJANIFOODS 21-Oct-22 Stock  Split From Rs.10/- to Rs.2/-
COLORCHIPS 12-Oct-22 Stock  Split From Rs.10/- to Rs.2/- ATAM 21-Oct-22 Bonus issue 1:1
GREENCREST 12-Oct-22 Stock  Split From Rs.10/- to Rs.1/- PERFEPA 21-Oct-22 Stock  Split From Rs.10/- to Rs.2/-
KAARYAFSL 12-Oct-22 Bonus issue 1:1 TAINWALCHM 21-Oct-22 E.G.M.
NIKHILAD 12-Oct-22 Stock  Split From Rs.10/- to Rs.1/- VGIL 21-Oct-22 Final Dividend – Rs. – 0.2000
SECMARK 12-Oct-22 Bonus issue 3:2 ICICIGI 27-Oct-22 Interim Dividend
SHBCLQ 12-Oct-22 Bonus issue 1:2 LTTS 27-Oct-22 Interim Dividend
GCSL 13-Oct-22 Bonus issue 8:1 SANINFRA 28-Oct-22 Stock  Split From Rs.10/- to Rs.1/-
INFRATRUST 13-Oct-22 Income Distribution (InvIT) ASIANPAINT 31-Oct-22 Interim Dividend
TCS 17-Oct-22 Interim Dividend ISEC 31-Oct-22 Interim Dividend
HCLTECH 19-Oct-22 Interim Dividend PGHH 04-Nov-22 Final Dividend – Rs. – 65.0000
ANANDRATHI 20-Oct-22 Interim Dividend GILLETTE 10-Nov-22 Final Dividend – Rs. – 36.0000
ANGELONE 20-Oct-22 Interim Dividend PGHL 15-Nov-22 Final Dividend – Rs. – 11.5000

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