The NIFTY opened at 18044.35 with a gap down of 113 points. The index recorded its intraday high at around 18103.10 in its initial trades and then started drifting downwards. A sharp deadline in the first half brought the index below 18000. Prices further moved down, then started consolidation and recorded its intraday low at 17969.40. Prices have seen some recovery in the last hour of trading and finally closed at 18028.20 near its opening tick with a loss of 128.80 points or 0.71% down. All the sectoral indices have closed lower today led by AUTO which ended 1.95% lower. PHARMA, METAL, and OIL GAS also underperformed today and ended nearly 1% lower. Now we have a range inside 17950 – 18300. As far as the index is moving within this range, we should avoid trading the index. Wait for a decisive breakout and then plan your trade in the same direction.


The BANK NIFTY opened at 41462.85 with a gap down of 228 points. The index continued moving down after recording its intraday high at 41643.90 in its initial trades. Prices recorded its intraday low at 41318.60 and then saw a smart recovery and finally closed at 41593.60 above the opening tick with a loss of 97 points. PSU BANKS have underperformed today and closed lower with a loss of 1.28%. PVT BANK Shave also moved down today and ended 0.34% down. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AXIS BANK contributed the lowest. The short-term trend is now sideways which was up before. We have been tracking a narrow trading range inside 40800 – 41700. This range remained intact and we have seen a false breakout yesterday. The index has been trading range bound for the last 12 trading days. Today prices have moved in a narrow range but were very volatile during the day. We should now wait for the index to either close above 41700 or below 40800. Till then avoid trading the index.


HDFC BANK 1524.75 BUY The stock has given a breakout on the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 1519.70 and a target of 1534.80.
GRASIM 1704.55 BUY The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold at 1695 with a stop loss of 1709 and a target of 1669.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
GNFC 660 (PE) BUY 20.45 CMP 16.85 27.50 BREAKDOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
LUPIN.22.11 Nov 728.5 4.58 18.04 8209300 AUROPHARMA.22.11Nov 481.45 -11.56 29.42 15532000
MOTHERSON.22.11Nov 71.55 4 7.98 104395500 DEEPAKNTR.22.11 Nov 2061.35 -10.18 50.96 2291500
ABB.22.11 Nov 3193 2.56 10.62 1580000 RAMCOCEM.22.11 Nov 640.05 -8.77 33.69 4844150
ESCORTS.22.11 Nov 2030.9 2.55 2.3 1065350 PEL.22.11 Nov 818.05 -8.26 33.34 6765000
AMARAJABAT.2211Nov 630 2.53 4.64 7099000 GNFC.22.11 Nov 677.15 -5.22 13.88 6294600
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GODREJPROP.2211Nov 1245.55 5.82 -5.99 4665050 DALBHARAT.22.11 Nov 1684.1 -3.33 -1.22 1542000
IDEA.22.11 Nov 8.7 1.75 -2.02 530250000 ZYDUSLIFE.22.11 Nov 436.35 -3 -3.27 11113200
SUNTV.22.11 Nov 558.65 0.84 -1.01 9139500 BOSCHLTD.22.11 Nov 16845.2 -2.78 -1.74 161200
GODREJCP.22.11 Nov 824 0.84 -0.34 7236000 PNB.22.11 Nov 44 -2.65 -4.15 256656000
POLYCAB.22.11 Nov 2715.4 0.84 -1.54 823200 NATIONALUM.22.11 Nov 72.65 -2.61 -0.21 67583500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Sbi Life Insurance Compa 1240.4 -1.85 497767 0 78.65 Nifty50 18028.2 -0.71 73332
Whirlpool 1515.35 0.8 90648 0 78.16 Niftybank 41603.75 -0.43 73332
Sbi Cards And Payment Se 806.6 -0.94 1368700 0 76.55 Nifty it 28505.75 -0.42 73332
Bharti Airtel Limited 825.75 0.82 4424142 0 72.84 India Vix 15.57 -2.2 73329
Kotak Mahindra Bank Limi 1912.15 0.99 2509554 0 71.62 Nifty Fmcg 44586.9 -0.53 73332
Hcl Technologies Ltd. 1052.45 -0.09 2321535 0 70.74 Nifty Pharma 12983.1 -0.74 73332
Itc Ltd. 356 -1.3 19322712 0 69.04 Nifty Realty 440.9 -0.15 73332
Gujarat State Petronet l 233.5 1.5 1440171 0 68.79 Nifty Auto 13080.75 -1.95 73332
Hindustan Unilever Ltd 2513.6 0.19 1459019 0 68.22 Nifty Metal 6318.75 -0.71 73332
Hdfc Ltd. 2504.1 0.02 2398092 0 68.07 Nifty Financial Services 18604.6 -0.45 73332


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 11th  November, 2022

INR: CPI (YoY) (Oct)on 11th  November, 2022

 USD: PPI (MoM) (Oct) on 15th  November, 2022

USD: Retail Sales (MoM) (Oct) on 16th  November, 2022


  • Benchmark indices ended lower on November 10 with Nifty around 18000.At Close, the Sensex was down 419.85 points or 0.69% at 60,613.70, and the Nifty was down 128.80 points or 0.71% at 18,028.20. About 1231 shares have advanced, 2127 shares declined, and 127 shares are unchanged.
  • According to a Moneycontrol poll of 16 economists, Consumer Price Index (CPI) inflation is expected to have fallen to 6.7 percent in October from 7.41 percent in September, thanks to a favourable base effect.
  • Nykaa, traded almost flat amid heavy volume and volatility after the lock-in period for pre-IPO investors expired on November 10. The stock also adjusted for the bonus issue from today.
  • Kaynes Technology received bids for 6.46 lakh equity shares against offer size of 1.04 crore shares subscribing 6 percent on November 10.
Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
21STCENMGM Quarterly Results 10-Nov-22 BERGEPAINT Quarterly Results 10-Nov-22
63MOONS Quarterly Results 10-Nov-22 BHARATGEAR Quarterly Results 10-Nov-22
7SEASL General;Quarterly Results 10-Nov-22 BIMETAL Quarterly Results 10-Nov-22
AAL General;Quarterly Results 10-Nov-22 BIRLAPREC Quarterly Results;Preferential Issue of shares 10-Nov-22
ABMKNO Quarterly Results 10-Nov-22 BJDUP Quarterly Results 10-Nov-22
ADANIGREEN Quarterly Results 10-Nov-22 BLKASHYAP Quarterly Results 10-Nov-22
ADCINDIA Quarterly Results 10-Nov-22 BMBMUMG Quarterly Results 10-Nov-22
AJCON Quarterly Results 10-Nov-22 BNALTD Quarterly Results 10-Nov-22
AJMERA Quarterly Results 10-Nov-22 BNRSEC Quarterly Results;General 10-Nov-22
ALKASEC Quarterly Results 10-Nov-22 BRIGHTBR Quarterly Results 10-Nov-22
ALMONDZ Quarterly Results;General 10-Nov-22 BSELINFRA Quarterly Results;General 10-Nov-22
ALSTONE Increase in Authorised Capital;Consolidation of Shares;Bonus issue 10-Nov-22 BSL Quarterly Results 10-Nov-22
AMCOIND Quarterly Results 10-Nov-22 CAMPUS Quarterly Results 10-Nov-22
ANANDPROJ Quarterly Results 10-Nov-22 CAPACITE Quarterly Results 10-Nov-22
ANSALHSG Quarterly Results 10-Nov-22 CCLINTER Quarterly Results 10-Nov-22
APOLLOHOSP Quarterly Results;General 10-Nov-22 CENTURYPLY Quarterly Results 10-Nov-22
ARHNTTO Quarterly Results;General 10-Nov-22 CFL Quarterly Results 10-Nov-22
ARNOLD Quarterly Results;General 10-Nov-22 CGVAK Quarterly Results;General 10-Nov-22
AROGRANITE Audited Results 10-Nov-22 CHMBBRW Quarterly Results 10-Nov-22
ASAHISONG Quarterly Results 10-Nov-22 CINELINE Quarterly Results 10-Nov-22
ASHOKLEY Quarterly Results 10-Nov-22 CITYON Quarterly Results 10-Nov-22
ASIANTILES Quarterly Results 10-Nov-22 COCHINM Quarterly Results 10-Nov-22
ASTERDM Quarterly Results 10-Nov-22 COCHINSHIP Quarterly Results;Interim Dividend 10-Nov-22
AVANTI Quarterly Results 10-Nov-22 COFFEEDAY Quarterly Results 10-Nov-22
BALAJITELE Quarterly Results 10-Nov-22 COMPUSOFT Quarterly Results;General 10-Nov-22
BANASFN Quarterly Results 10-Nov-22 CONCOR Quarterly Results;General;Interim Dividend 10-Nov-22
BASF Quarterly Results 10-Nov-22 CORNE Quarterly Results;General 10-Nov-22
BATAINDIA Quarterly Results 10-Nov-22 CPML Half Yearly Results 10-Nov-22
BCONCEPTS Quarterly Results 10-Nov-22 CTE Quarterly Results 10-Nov-22
BCPL Quarterly Results 10-Nov-22 CUBIFIN Quarterly Results 10-Nov-22
BDH Quarterly Results 10-Nov-22 CYBERMEDIA Quarterly Results 10-Nov-22
BECTORFOOD Quarterly Results 10-Nov-22 DAAWAT Preferential Issue of shares 10-Nov-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AJANTPHARM 11-Nov-22 Interim Dividend – Rs. – 7.0000 PAGEIND 17-Nov-22 Interim Dividend
GMM 11-Nov-22 Interim Dividend – Rs. – 1.0000 PDSL 17-Nov-22 Interim Dividend – Rs. – 2.5000
GPTINFRA 11-Nov-22 Bonus issue 1:1 QUESS 17-Nov-22 Interim Dividend
RUNGTAIR 11-Nov-22 Right Issue of Equity Shares RITES 17-Nov-22 Interim Dividend
SAMOR 11-Nov-22 Right Issue of Equity Shares SUNDRMFAST 17-Nov-22 Interim Dividend – Rs. – 3.5700
SIYSIL 11-Nov-22 Interim Dividend – Rs. – 4.0000 SUNDRMFAST 17-Nov-22 Special Dividend – Rs. – 2.0000
AMRUTANJAN 14-Nov-22 Interim Dividend – Rs. – 1.0000 VIDHIING 17-Nov-22 Interim Dividend
ARFIN 14-Nov-22 Stock  Split From Rs.10/- to Rs.1/- ASTRAL 18-Nov-22 Interim Dividend
COMPUAGE 14-Nov-22 Right Issue of Equity Shares DATAINFRA 18-Nov-22 Income Distribution (InvIT)
EPL 14-Nov-22 Interim Dividend – Rs. – 2.1500 EMAMILTD 18-Nov-22 Interim Dividend
JAMNAAUTO 14-Nov-22 Interim Dividend – Rs. – 0.8000 ESABINDIA 18-Nov-22 Interim Dividend
NICCOPAR 14-Nov-22 Interim Dividend – Rs. – 0.4000 GPPL 18-Nov-22 Interim Dividend – Rs. – 2.7000
PGINVIT 14-Nov-22 Income Distribution (InvIT) HAL 18-Nov-22 Interim Dividend
POWERGRID 14-Nov-22 Interim Dividend – Rs. – 5.0000 INDAG 18-Nov-22 Interim Dividend – Rs. – 0.9000
SMCGLOBAL 14-Nov-22 Interim Dividend – Rs. – 1.2000 LAOPALA 18-Nov-22 Interim Dividend
AEGISLOG 15-Nov-22 Interim Dividend – Rs. – 2.0000 MAANALU 18-Nov-22 Interim Dividend – Rs. – 1.0000
AMARAJABAT 15-Nov-22 Interim Dividend – Rs. – 2.9000 MINDSPACE 18-Nov-22 Income Distribution RITES
BIRET 15-Nov-22 Income Distribution RITES MSTC 18-Nov-22 Interim Dividend – Rs. – 5.5000
COALINDIA 15-Nov-22 Interim Dividend – Rs. – 15.0000 NAUKRI 18-Nov-22 Interim Dividend
GLOSTERLTD 15-Nov-22 Interim Dividend – Rs. – 50.0000 ORBTEXP 18-Nov-22 Buy Back of Shares
INDIGRID 15-Nov-22 Income Distribution (InvIT) PPAP 18-Nov-22 Interim Dividend
MODIS 15-Nov-22 Bonus issue 3:1 STANCAP 18-Nov-22 E.G.M.
PGHL 15-Nov-22 Final Dividend – Rs. – 11.5000 SUNTV 18-Nov-22 Interim Dividend
BHAGCHEM 16-Nov-22 Interim Dividend – Rs. – 1.0000 VENUSPIPES 18-Nov-22 Interim Dividend – Rs. – 0.5000
CAMS 16-Nov-22 Interim Dividend – Rs. – 8.5000 3MINDIA 21-Nov-22 Special Dividend – Rs. – 850.0000
MSUMI 16-Nov-22 Bonus issue 2:5 BALKRISIND 21-Nov-22 Interim Dividend
PRESSURS 16-Nov-22 Stock  Split From Rs.10/- to Rs.1/- BELLACASA 21-Nov-22 Interim Dividend
QGO 16-Nov-22 Interim Dividend – Rs. – 0.1000 MAZDOCK 21-Nov-22 Interim Dividend
BAYERCROP 17-Nov-22 Interim Dividend – Rs. – 100.0000 ONGC 21-Nov-22 Interim Dividend
DHANUKA 17-Nov-22 Buy Back of Shares PRAVEG 21-Nov-22 Final Dividend – Rs. – 4.0000
GABRIEL 17-Nov-22 Interim Dividend TIDEWATER 21-Nov-22 Interim Dividend
GRINFRA 17-Nov-22 Interim Dividend IPCALAB 22-Nov-22 Interim Dividend
IRFC 17-Nov-22 Interim Dividend MANAKSIA 25-Nov-22 Interim Dividend
MRF 17-Nov-22 Interim Dividend – Rs. – 3.0000 PREMCO 25-Nov-22 Interim Dividend
ORIENTCQ 17-Nov-22 Interim Dividend – Rs. – 7.0000 CHANDRAP 30-Nov-22 Stock  Split From Rs.10/- to Rs.2/-

Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014

Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Disclosure Appendix
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited,
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
Research Excerpts
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit
Company-Specific Disclosures
Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting, or emailing with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail
Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at
Other Disclosures
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person.
Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, board member or employee of any company in the analyst’s area of coverage.
Country Specific Disclosures
India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website:
EWL discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
1. Reports
a) EWL or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
2. Compensation
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL