The NIFTY opened at 17256.05 with a gap up of just 15 points. The index initially went down after recording its intraday high at 17261.80 and then started consolidating. Prices have moved in a tight and narrow range for the most part of the day and eventually broke on the downside. Prices have seen a sharp decline afterwards. The index moved below 17000 to record its intraday low at 16950.30. Prices have finally closed at 16983.55 near its day lows with a loss of 257.45 points or 1.49% down. All the sectoral indices have moved down today led by REALTY which ended more than 3% lower. MEDIA and METAL also underperformed today and ended with a loss of over 2%.

The short-term trend is sideways as the index is consolidating inside a wide trading range with support around 16800 and resistance around 17400. Volatility rose today as the INDIA VIX is now moving above 20. For the time being, we should avoid trading the index and wait for a decisive breakout.


The BANK NIFTY opened at 39058.85 with a gap down of just 55 points. The index initially went down, found support quickly, and turned up. Prices have rallied to record its intraday high at 39174.95 and found strong resistance there. Prices then saw a sharp decline and recorded its intraday low at 38622.75. The index finally dosed at 38646.45 with a loss of 467 points. PSU and PVT BANKS both indices have performed almost the same today, saw a sharp intraday decline and closed lower by 1.69 % & 1.09 % respectively. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while ICICIBANK contributed the lowest. BANK NIFTY has seen a down day today. After opening flat, the index consolidated for most part of the day also saw a sharp decline towards the end of today’s trading session. A trading range within the 37500 – 39500 zones remained intact, and the short-term trend remains sideways. For the time being, we should avoid trading the index


BATA INDIA 1810.30 BUY The stock has been getting reversed on intraday as well as the daily chart. The stock can be bought above 1821 with a stop loss of 1806 and for the target of 1846.
SHREECEM 20802 SELL The stock has given the breakdown on the intraday as well as the daily chart. The stock can be sold at CMP with a stop loss of 20944 and for the target of 20594.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SHREECEM (27 OCT)  20000 (PE) BUY 449.05 CMP 400 534 BREAKDOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BATAINDIA.22.10 Oct 1810.8 1.48 1.1 1972575 MCDOWELL-N.22.10 Oct 811.9 -5.54 3.95 20655625
AXISBANK.22.10 Oct 785.2 1.03 8.3 46084800 DIVISLAB.22.10 Oct 3498.25 -5.21 17.77 2732850
ASIANPAINT.22.10 Oct 3309.9 0.76 0.6 5336800 DELTACORP.22.10 Oct 218 -5.05 16.43 20582700
FEDERALBNK.22.10 Oct 122.6 0.7 2.8 93390000 AUROPHARMA.22.10 Oct 510.05 -5.03 1.77 14153000
ICICIGI.22.10 Oct 1133.95 0.58 0.92 5094475 HAVELLS.22.10 Oct 1282.5 -4.64 3.49 4214000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIENT.22.10 Oct 3281.4 0.74 -0.05 15357500 INDIACEM.22.10 Oct 243 -12.07 -15.59 17965500
AMBUJACEM.22.10 Oct 500.05 -4.59 -0.56 64999800
RAIN.22.10 Oct 166.05 -4.18 -1.2 10388000
JINDALSTEL.22.10 Oct 429.05 -4.1 -0.65 28987500
BHEL.22.10 Oct 60.95 -4.02 -1.59 124435500


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Lombard General In 1135.05 0.53 836097 0 75.68 Nifty50 16983.55 -1.49 75852
Dabur India Ltd. 518.95 -1.92 6628877 0 75.36 Niftybank 38712.45 -0.97 75852
Torrent Pharma Ltd. 1588.1 -0.35 267278 0 70.71 Nifty it 27469.5 -1.99 75852
Max Financial Services l 750.8 -0.98 711088 0 68.06 India Vix 20.49 4.43 75852
Dixon Technologies (indi 4259.8 0.57 106538 0 67.14 Nifty Fmcg 42564.65 -1.76 75852
Whirlpool 1622.65 -1.5 153462 0 65.86 Nifty Pharma 12826.8 -1.55 75852
Infosys Limited 1423.8 -2.66 12824463 0 64.99 Nifty Realty 420.9 -3.07 75852
Larsen & Toubro Limited 1878.95 -1.61 1047912 0 64.67 Nifty Auto 12488.35 -1.62 75852
Hdfc Bank Ltd. 1400.65 -1.01 7260609 0 63.92 Nifty Metal 5785.95 -2.2 75852
Bharti Airtel Limited 780.3 -1.52 3670433 0 63.86 Nifty Financial Services 17455.2 -0.97 75852


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

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

 USD: OPEC Monthly Report on 12th October, 2022

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


  • Indian benchmark indices ended lower for the third consecutive session with Nifty finishing below 17,000 level. At Close, the Sensex was down 843.79 points or 1.46% at 57,147.32, and the Nifty was down 257.50 points or 1.49% at 16,983.50. About 1036 shares have advanced, 2291 shares declined, and 133 shares are unchanged.

  • Inox Wind’s subsidiary Inox Green Energy Services sold entire equity shareholding held in Wind One Renergy, Wind Three Renergy and Wind Five Renergy, to Adani Green Energy.

  • Shares of Tata Consultancy Services Ltd. fell on Tuesday after the company’s second-quarter earnings, despite meeting the consensus estimates, failed to lift investor sentiments. As of 10:19 a.m., the stock fell as much as 1.03%—the most this week so far—as a flattening order book and lower net hiring sparked investor concerns.

  • JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said “serious” headwinds are likely to push the US and global economies into recession by the middle of next year.

  • Suzlon Energy, which suffered the sudden loss of its founder-chairman Tulsi Tanti, is gearing up for an Rs 1,200 rights issue that opens on October 11

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
7NR Quarterly Results 12-Oct-22 UNIVPHOTO Special Dividend 12-Oct-22
ARTSONEN Quarterly Results 12-Oct-22 VERANDA General 12-Oct-22
BIRLAPREC General 12-Oct-22 WIPRO Quarterly Results 12-Oct-22
DHINDIA Issue Of Warrants 12-Oct-22 YASHCHEM Quarterly Results 12-Oct-22
DYNAVSN General 12-Oct-22 ABHIJIT Quarterly Results 13-Oct-22
HCLTECH Interim Dividend;Quarterly Results 12-Oct-22 ALSTONE Quarterly Results 13-Oct-22
INDITALIA General 12-Oct-22 ANANDRATHI Interim Dividend;Quarterly Results 13-Oct-22
JANUSCORP Bonus issue 12-Oct-22 ANGELONE Interim Dividend;Quarterly Results 13-Oct-22
JSGLEASING Preferential Issue of shares;General 12-Oct-22 ASHAI General 13-Oct-22
MANGIND Quarterly Results 12-Oct-22 ATHARVENT General;Quarterly Results 13-Oct-22
MNIL General;Quarterly Results 12-Oct-22 BIRLAMONEY Quarterly Results 13-Oct-22
NATIONSTD Quarterly Results 12-Oct-22 CYIENT Quarterly Results 13-Oct-22
NAVODAYENT Bonus issue 12-Oct-22 DEN Quarterly Results 13-Oct-22
NXTDIGITAL Quarterly Results 12-Oct-22 INFY Audited Results;Interim Dividend;Quarterly Results 13-Oct-22
SARDAPPR Preferential Issue of shares;General 12-Oct-22 MAHALXSE General 13-Oct-22
SCBL Quarterly Results 12-Oct-22 MINDTREE Quarterly Results 13-Oct-22
SEL Quarterly Results 12-Oct-22 PHARMAID Issue Of Warrants 13-Oct-22
STANCAP Quarterly Results 12-Oct-22 ROSELABS Quarterly Results 13-Oct-22
SUVEN Right Issue of Equity Shares 12-Oct-22 SCPL Half Yearly Results 13-Oct-22
SWSOLAR General;Quarterly Results 12-Oct-22 SHRINIWAS Quarterly Results 13-Oct-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
COLORCHIPS 12-Oct-22 Stock  Split From Rs.10/- to Rs.2/- JAICORPLTD 20-Oct-22 Dividend – Rs. – 0.5000
GREENCREST 12-Oct-22 Stock  Split From Rs.10/- to Rs.1/- ANJANIFOODS 21-Oct-22 Stock  Split From Rs.10/- to Rs.2/-
KAARYAFSL 12-Oct-22 Bonus issue 1:1 ATAM 21-Oct-22 Bonus issue 1:1
NIKHILAD 12-Oct-22 Stock  Split From Rs.10/- to Rs.1/- PERFEPA 21-Oct-22 Stock  Split From Rs.10/- to Rs.2/-
SECMARK 12-Oct-22 Bonus issue 3:2 TAINWALCHM 21-Oct-22 E.G.M.
SHBCLQ 12-Oct-22 Bonus issue 1:2 VGIL 21-Oct-22 Final Dividend – Rs. – 0.2000
GCSL 13-Oct-22 Bonus issue 8:1 ICICIGI 27-Oct-22 Interim Dividend
INFRATRUST 13-Oct-22 Income Distribution (InvIT) LTTS 27-Oct-22 Interim Dividend
TCS 17-Oct-22 Interim Dividend SANINFRA 28-Oct-22 Stock  Split From Rs.10/- to Rs.1/-
DUGARHOU 18-Oct-22 Reduction of Capital ASIANPAINT 31-Oct-22 Interim Dividend
HCLTECH 19-Oct-22 Interim Dividend ISEC 31-Oct-22 Interim Dividend
UHZAVERI 19-Oct-22 Bonus issue 2:3 HINDUNILVR 01-Nov-22 Interim Dividend
ANANDRATHI 20-Oct-22 Interim Dividend PGHH 04-Nov-22 Final Dividend – Rs. – 65.0000
ANGELONE 20-Oct-22 Interim Dividend GILLETTE 10-Nov-22 Final Dividend – Rs. – 36.0000

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