The Nifty opened at 17886.85 with a gap up of 96 points. The index continued the bullish momentum and rallied further on the upside to record its intraday high at 17491.85 a few ticks below the lifetime new highs. Prices then saw a sharp decline, came close to its early morning low, and then fell further to record its intraday low at 17840.35. The index bounced up again and rallied towards 17950. Prices have seen another decline in the last hour of trading and finally closed at 17895. Realty underperformed and ended with a loss of more than 2%. IT outperformed and ended with a gain of nearly 2%. Banks remained subdued and ended without much of a change.
The Nifty continued trading narrowly for the second consecutive day and closed with gains near 17900. The intraday movement was very volatile as prices have seen 100 points of move three times. The short term trend is now sideways and a narrow trading range is visible inside 17450-17950.
Bank Nifty opened at 37906.40 with a gap up of 150 points. The index first moved down and filled the gap, Prices then started moving up and recorded its intraday high at 38105.20. The index did not sustain there and stated drifting downwards to record its intraday low at 37755.65. Prices then consolidated till the end. Private and PSU Banks both have seen an upside move and closed high by 2.14% and0.73%. Within the index, Bandan Bank contributed highest while Kotak Bank the lowest.
A trading range inside 37000-38000 remained intact in the index. Prices have moved above 38000 but came back immediately within the range. Intraday movement was very volatile.
|BANK BARODA||88||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 86 and for the target 92|
|DABUR||607||SELL||The stock has given a breakdown from a narrow trading range. The stock can be sold at CMP with a stop at 612 and for the target 598|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|HCLTECH||1330 CE||BUY||52.85||CMP||46||62||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|PERSISTENT.21.10 Oct||4052.1||6.01||54.37||323250||OBEROIRLTY.21.10 Oct||921.95||-2.11||21.3||1498700|
|DIXON.21.10 Oct||5365.7||10||31.25||547625||HINDALCO.21.10 Oct||476||-0.74||11.19||28057500|
|INDIAMART.21.10 Oct||8884.95||6.14||31.19||230625||PEL.21.10 Oct||2745.6||-5.23||9.47||5047350|
|MRF.21.10 Oct||86135||5.5||30.44||64190||SUNTV.21.10 Oct||543||-0.39||9.04||14440500|
|IRCTC.21.10 Oct||4845.45||2.87||27.03||3268525||CONCOR.21.10 Oct||690||-1.2||8.44||7932225|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|TATAMOTORS.21.10 Oct||383.45||1.32||-5.52||100821600||JKCEMENT.21.10 Oct||3391.05||-0.97||-6.17||66500|
|COFORGE.21.10 Oct||5656.05||3.34||-4.09||717400||TVSMOTOR.21.10 Oct||560.3||-0.04||-3.18||7376600|
|MINDTREE.21.10 Oct||4455||4.3||-1.91||2671200||TITAN.21.10 Oct||2363.05||-0.66||-2.75||5298000|
|BHARTIARTL.21.10 Oct||695.1||0.06||-1.7||70915486||TRENT.21.10 Oct||1106.25||-0.57||-2.34||1728400|
|TATACHEM.21.10 Oct||968.35||0.57||-1.26||11724000||ASHOKLEY.21.10 Oct||135.5||-0.37||-1.59||43065000|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Grasim Ind Ltd.||1598.8||0.43||693600||2806396||87.61||Nifty it||36402||1.96||82035|
|Hindustan Unilever Ltd||2640.05||-1.1||1579941||815740||75.34||Nifty Media||2254.05||0.88||82035|
|Petronet Lng Limited||227.8||-1.13||4624502||4974060||75.16||Nifty 50||17895.2||0.59||82035|
|Dabur India Ltd.||607||-1.32||3407806||893403||72.72||Nifty Auto||11079.35||0.43||82035|
|Infosys Limited||1723.85||1.94||4738376||3855195||70.4||Nifty Energy||23902.3||0.41||82035|
|Hdfc Ltd.||2720.65||-0.23||1719442||1564729||69.61||Nifty Metal||5681.45||0.38||82035|
|Sbi Life Insurance Compa||1196.45||-1.53||1661548||1814571||67.86||Nifty Bank||37775.25||0.06||82035|
|Axis Bank Limited||781.95||0.62||4295686||4280170||64.63||Nifty Pharma||14514.8||-0.33||82035|
|Kotak Mahindra Bank Limi||1936.35||-0.82||1937834||1425190||64.14||Nifty Fmcg||39993.35||-0.58||82035|
|Ultratech Cement Limited||7335.75||-0.26||234324||373134||63.99||Nifty Realty||520.9||-2.21||82035|
UPCOMING ECONOMIC DATA
|INR: Industrial Production YoY AUG on 12th October, 2021
INR: Inflation Rate YoY Sep on 12th October, 2021
|•USD: Inflation Rate YoY Sep on 13th October, 2021
•USD: FOMC Minutes on 13th October, 2021
|•The Centre will sell national carrier Air India to Tata Sons for Rs 18,000 crore, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said. This would put an end to the government’s prolonged attempt to sell and turnaround the airline. The sale would be at an enterprise value of Rs 18,000 crore, out of which Rs 15,300 crore would be the debt retained by the winning bidder. Tata Sons will pay Rs 2,700 crore in cash.
•K V Subramanian on Friday stepped down as Chief Economic Adviser after a 3-year tenure. He said he has decided to return to academia. He took over from Arvind Subramanian who had left due to personal reasons in June 2018. Subramanian holds a MBA and Doctor of Philosophy (PhD) in financial economics from University of Chicago Booth School of Business. His PhD was completed under the supervision of former RBI governor Raghuram Rajan.
•The National Company Law Tribunal (NCLT) on Friday gave Zee Entertainment Enterprises Ltd time till October 22 to file its reply to a plea by its minority shareholder Invesco, after appellate body NCLAT ordered the tribunal to give the media major reasonable opportunity to do the same. The Mumbai bench of NCLT, comprising Bhaskara Pantula Mohan and Narendra Kumar Bhola, directed Zee Entertainment Enterprises (ZEEL) to file its reply by October 22 for further consideration.
•Drug firm Zydus Cadila on Friday said it has received tentative nod from the US health regulator to market generic Adapalene and Benzoyl Peroxide gel used for treatment of acne in the American market.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ALKASEC||General||11-Oct-21||RKFORGE||Quarterly Results;Interim Dividend||11-Oct-21|
|DELTACORP||Quarterly Results||11-Oct-21||SAREGAMA||Quarterly Results||11-Oct-21|
|FERMENTA||Amalgamation;Scheme of Arrang.||11-Oct-21||SOFCOM||General||11-Oct-21|
|GCMCAPI||General||11-Oct-21||TATAMETALI||Quarterly Results;Audited Results||11-Oct-21|
|GCMCOMM||General||11-Oct-21||TINPLATE||Quarterly Results;Audited Results||11-Oct-21|
|HFCL||Quarterly Results||11-Oct-21||BEPL||Quarterly Results;Interim Dividend||12-Oct-21|
|LESHAIND||Quarterly Results||11-Oct-21||DRCSYSTEMS||General;Quarterly Results||12-Oct-21|
|NCLRESE||Bonus issue;Stock Split||11-Oct-21||GARNETINT||General||12-Oct-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ASIANTILES||11-Oct-21||Final Dividend – Rs. – 0.50||INFRATRUST||13-Oct-21||Income Distribution (InvIT)|
|GENSOL||11-Oct-21||Bonus issue 1:3||JTLINFRA||13-Oct-21||Stock Split From Rs.10/- to Rs.2/-|
|MANINFRA||13-Oct-21||Interim Dividend – Rs. – 1.2600||LANCER||13-Oct-21||Bonus issue 2:1|
|ADVITIYA||13-Oct-21||Bonus issue 44100||SRF||13-Oct-21||Bonus issue 4:1|
|DHANVARSHA||13-Oct-21||Stock Split From Rs.10/- to Rs.2/-||SEVENHILL||14-Oct-21||Stock Split From Rs.10/- to Rs.1/-|
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