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


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
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


   Domestic                                                                                                                                                  International
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
ESARIND General 11-Oct-21 SLSTLQ 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
INFRONICS General 11-Oct-21 BMBMUMG General 12-Oct-21
KRSNAA Quarterly Results 11-Oct-21 CANOPYFIN General 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
RELCAPITAL General 11-Oct-21 GMBREW Quarterly Results 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
BNRSEC 13-Oct-21 E.G.M. NORBTEAEXP 14-Oct-21 E.G.M.
DHANVARSHA 13-Oct-21 Stock  Split From Rs.10/- to Rs.2/- SEVENHILL 14-Oct-21 Stock  Split From Rs.10/- to Rs.1/-

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 www.elitewealth.in. 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, suhail@elitewealth.in
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 www.elitewealth.in.
Company-Specific Disclosures
Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in, or emailing research@elitestock.com 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 research@elitestock.com.
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 https://www.elitewealth.in
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: www.elitewealth.in
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