The Nifty opened at 17867.55 without much of a gap. The index recorded its intraday low at 17839.10 and then started moving on the upside. The index witnessed a sharp upside move of more than 150 points, went above the 18000 mark and recorded its intraday high at 18041.95. Prices then moved sideways. The sideways movement broke on the downside and prices have seen a correction in the last hour of trading and finally closed at 17945.95 with a gain of 50.75 points. All the sectoral indices have closed with a gain except IT that ended with a loss of 3.36%. AUTO led the bulls, gained more than 2% followed by Realty, Financial and Banks. It was a tale of two halves in Nifty. In the first half, prices rallied more than 150 points while corrected almost 100 points in the second half and finally closed with some gains. The last two narrow trading days led to a sharp surge. The index recorded lifetime new highs above the 18000 mark for the first time and ended at a fresh record closing high. The short term trend changes to up. We have mentioned a narrow trading range inside 17450-17950. The range broke on the upside but prices ended almost at the resistance level. We have mentioned that the 18000 zone is a very strong resistance. Confirmation of a breakout will come when Nifty closes above 18000.
Bank Nifty opened at 37782.75 with a gap down of 77 points. The index recorded its intraday low at 37744.65 near the opening tick and started moving on the upside. A sharp rally of more than 700 points brought prices to its intraday high at 38495.30. Prices have seen a minor correction in the last hour. Private and PSU Banks both indices have performed almost the same, seen an upside move and closed higher by 1.42% and 1.56% respectively. HDFC Bank contributed highest while Bandhan Bank the lowest. It was a trend day on the upside.
|HDFC BANK||1633.8||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1610 and for the target 1665|
|ITC||238||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 234 and for the target 244|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|ZEEL||310 CE||BUY||30.5||CMP||24||40||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|CROMPTON.21.10 Oct||483.4||0.48||23.14||1346400||TCS.21.10 Oct||3697.2||-5.79||39.92||11469300|
|JKCEMENT.21.10 Oct||3425||0.72||17.2||77525||BANDHANBNK.21.10 Oct||328.3||-5.12||15.83||23020200|
|TORNTPOWER.21.10 Oct||542.65||7.62||16.85||4680000||DALBHARAT.21.10 Oct||2090.95||-0.65||15.53||344000|
|ZEEL.21.10 Oct||314.1||5.92||12.26||56022000||MINDTREE.21.10 Oct||4282.95||-3.69||14.76||2935200|
|APLLTD.21.10 Oct||833||6.66||11.21||2658150||ALKEM.21.10 Oct||3943.45||-0.17||13.38||569400|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|FINNIFTYW.21.10 Oct||18759||2.85||-33.33||80||IRCTC.21.10 Oct||4799.75||-1.67||-11.1||2517450|
|HINDALCO.21.10 Oct||490.25||3.03||-5.2||26156900||INDUSTOWER.21.10 Oct||304||-0.77||-9.28||13140400|
|INDIGO.21.10 Oct||2063.3||4.81||-4.88||3804000||DEEPAKNTR.21.10 Oct||2882||-0.34||-3.62||2620000|
|BEL.21.10 Oct||209||3.93||-4.83||24844400||AUBANK.21.10 Oct||1213||-0.76||-2.82||4238000|
|DIXON.21.10 Oct||5429||2.76||-4.5||519875||BATAINDIA.21.10 Oct||1960.2||-0.28||-2.78||1904650|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Icici Lombard General In||1536.6||0.47||731875||971342||75.12||Nifty Auto||11375.55||2.67||93681|
|Hindustan Unilever Ltd||2645.1||0.19||1086252||1176306||74.45||Nifty Realty||529.9||1.73||93681|
|Crompton Greaves Consume||480.25||0.11||1392123||635842||71.27||Nifty Metal||5766.4||1.5||93681|
|Petronet Lng Limited||230.35||1.12||1671393||3179251||68.75||Nifty Media||2285.8||1.41||93681|
|Power Grid Corporation o||193.45||3.06||9736532||4202348||68.62||Nifty Bank||38293.8||1.37||93681|
|Hdfc Bank Ltd.||1633.8||1.94||6540424||2298470||63.44||Nifty Fmcg||40318.05||0.81||93681|
|Hdfc Ltd.||2749.25||1.05||1773236||1085176||63.11||Nifty Pharma||14615.35||0.69||93681|
|Kotak Mahindra Bank Limi||1975.4||2.02||2376167||1219112||62.91||Nifty 50||17945.95||0.28||93681|
|Ambuja Cements Ltd||402.95||-0.02||3522402||2081847||62.69||Nifty it||35179.95||-3.36||93681|
UPCOMING ECONOMIC DATA
|INR: CPI (YoY) (Sept) on 12th October, 2021.
INR: WPI Inflation (YoY) (Sept) on 14th October, 2021.
|•USD: Core CPI (MoM) (Sep) on 13th October, 2021.
•USD: PPI (MoM) (Sep) on 14th October, 2021.
|•A month after Invesco sought EGM to replace Punit Goenka, as CEO & MD of company, Invesco, also the single largest shareholder in the company, has broken its silence by reaching out to all the shareholders of Zee with an open letter on Monday, highlighting the need to strengthen the independence of the board in light of the “governance” and leadership failures as well as the prolonged underperformance of the media giant.
•Reliance New Energy Solar Ltd., a WOS of Reliance Ind., has acquired REC Solar Holdings AS for an EV of $771 mn .REC acquisition is in line with company’s strategy of investing in new & advanced technologies and operating capabilities aimed at achieving Reliance’s goal of enabling 100 GW clean & green energy before the end of this decade.
•Nifty hitting 18,000 for first time as gains in Reliance Industries and banking stocks were offset by weakness in IT stocks after Tata Consultancy Services (TCS) reported September-quarter results. The Sensex was up about 400 points to register a new high of 60,441.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BEPL||Quarterly Results;Interim Dividend||12-Oct-21||RAJTUBE||General||12-Oct-21|
|DRCSYSTEMS||Quarterly Results;General||12-Oct-21||ADVIKLA||Quarterly Results||13-Oct-21|
|INDBANK||Quarterly Results;General||12-Oct-21||INEOSSTYRO||Interim Dividend||13-Oct-21|
|INDBNK||Quarterly Results||12-Oct-21||INFY||Audited Results||13-Oct-21|
|JTLINFRA||Quarterly Results||12-Oct-21||MAITRI||Preferential Issue of shares||13-Oct-21|
|MAAJTL||General||12-Oct-21||MINDTREE||Quarterly Results;Interim Dividend||13-Oct-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|MANINFRA||13-Oct-21||Interim Dividend – Rs. – 1.26||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/-|
|INFRATRUST||13-Oct-21||Income Distribution (InvIT)||SWORDEDGE||14-Oct-21||Stock Split From Rs.10/- to Rs.1/-|
|JTLINFRA||13-Oct-21||Stock Split From Rs.10/- to Rs.2/-||TCS||14-Oct-21||Interim Dividend – Rs. – 7|
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