NIFTY:
The Nifty opened at 17915.80 with a gap down of just 20 points. The index shows some strength by moving higher by almost 100 points but that rally fizzled out quickly. Prices have seen a decline of 130 points and recorded its intraday low at 17864.95 just before the afternoon. The index found support there and then started moving on the downside. The index witnessed a sharp upside move of almost 150 points went above the 18000 marks and recorded its intraday high at 18008.65. The index finally closed at 17991.95 with a gain of 46 points. Media, FMCG and Metal have outperformed and closed higher by more than 1%.
Nifty traded very volatile and ended with some gains almost at the top of the day. Prices have seen a sharp decline in the first half and then an almost equal rally in the second half. The index continued closing within a strong resistance around 18000 for the third consecutive day.
A narrow trading range of about 200 points is now visible on the chart. Boundaries for this range are 17840-18040. We should take a trade in the direction of a breakout. Traders should buy above 18040, keep a stop at 17950 and a target of 18250.
BANK NIFTY:
Bank Nifty opened at 38178.35 with a gap down of 112 points. The index recorded its intraday low at 38144.60 within the first five minutes of trading and then went into consolidation. The range broke on the upside in the afternoon and prices rallied to record its intraday high 38609.60. PSU Banks have significantly outperformed and closed higher with a gain of 3.08%. Private Banks have ended higher but with a marginal gain. Within the index, SBIN contributed highest while ICICI Bank the lowest.
It was again a trend day on the upside. The index recorded lifetime new highs and remained above 38000. We have mentioned a resistance around 38500.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| VEDL | 312.1 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 307 and for the target 320 |
| DLF | 429 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 423 and for the target 438 |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| HAVELLS | 1440 CE | BUY | 49 | CMP | 42 | 60 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| BATAINDIA.21.10 Oct | 2098.75 | 6.37 | 23.88 | 2185700 | DALBHARAT.21.10 Oct | 2078 | -0.47 | 25.54 | 432500 | |
| NAM-INDIA.21.10 Oct | 447.3 | 0.87 | 20.01 | 3281600 | HCLTECH.21.10 Oct | 1249.3 | -3.94 | 17.11 | 22052100 | |
| CROMPTON.21.10 Oct | 484.1 | 0.38 | 18.86 | 1580700 | INFY.21.10 Oct | 1677.2 | -0.52 | 12.39 | 46230000 | |
| ABFRL.21.10 Oct | 273.3 | 4.02 | 17.17 | 10982400 | ZEEL.21.10 Oct | 306.55 | -0.45 | 12.14 | 62841000 | |
| UBL.21.10 Oct | 1723.3 | 1.47 | 14.37 | 1570800 | TCS.21.10 Oct | 3664.5 | -0.84 | 9.96 | 11556900 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| FINNIFTYW.21.10 Oct | 18759 | 2.85 | -33.33 | 80 | JKCEMENT.21.10 Oct | 3425.7 | -0.91 | -6.74 | 70175 | |
| BHEL.21.10 Oct | 71.05 | 6.2 | -7.67 | 115846500 | IDEA.21.10 Oct | 10.7 | -1.83 | -3.09 | 876400000 | |
| GODREJPROP.21.10 Oct | 2436.2 | 2.52 | -5.01 | 2230800 | PERSISTENT.21.10 Oct | 3908.95 | -1.16 | -1.72 | 316800 | |
| TATAMOTORS.21.10 Oct | 421.7 | 0.98 | -4.92 | 98045700 | APOLLOTYRE.21.10 Oct | 240.15 | -0.48 | -1.29 | 14550000 | |
| IRCTC.21.10 Oct | 4831 | 0.82 | -4.08 | 2259725 | DEEPAKNTR.21.10 Oct | 2862 | -0.45 | -1.18 | 2554000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Canara Bank | 188 | 6.43 | 40094635 | 971342 | 75.12 | Nifty Fmcg | 40892.6 | 1.43 | 69195 | |
| Bata India Ltd. | 2095.4 | 6.41 | 946728 | 1176306 | 74.45 | Nifty Media | 2315.35 | 1.29 | 69195 | |
| Bharat Heavy Elect Ltd. | 70.8 | 6.07 | 1.88E+08 | 635842 | 71.27 | Nifty Metal | 5832.1 | 1.14 | 69195 | |
| Titan Company Limited | 2498 | 5.74 | 3338787 | 3179251 | 68.75 | Nifty Auto | 11479.65 | 0.92 | 69195 | |
| Jublfood | 4284.7 | 5.43 | 2535625 | 4202348 | 68.62 | Nifty Realty | 533.45 | 0.67 | 69195 | |
| National Alum Co Ltd | 101.3 | 5.14 | 28691633 | 56341 | 64.58 | Nifty Energy | 24312.35 | 0.62 | 69195 | |
| Vedanta Limited | 312.1 | 4.82 | 20065786 | 2298470 | 63.44 | Nifty Bank | 38509.25 | 0.56 | 69195 | |
| Delta Corp Limited | 285.1 | 4.7 | 36595258 | 1085176 | 63.11 | Nifty 50 | 18000.9 | 0.31 | 69195 | |
| Aditya Birla Fashion And | 272.55 | 3.79 | 9261255 | 1219112 | 62.91 | Nifty Pharma | 14648.5 | 0.23 | 69195 | |
| Srf Ltd. | 12491.8 | 3.72 | 619452 | 2081847 | 62.69 | Nifty it | 34898.1 | -0.8 | 69195 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: WPI Inflation (YoY) (Sept) on 14th October, 2021.
INR: Trade Balance (Sep) on 15th October, 2021 |
•USD: Core CPI (MoM) (Sep) on 13th October, 2021.
•USD: PPI (MoM) (Sep) on 14th October, 2021. |
NEWS UPDATES
| •Sensex, Nifty closed higher for the fourth consecutive session after fluctuating between gains and losses, for the most part of the session. Both S&P BSE Sensex and NSE Nifty 50 closed at record, aided by gains in consumer durables, auto and metal stocks.
•The Indian rupee fell to a 15-month low on Tuesday, sliding past important support levels. The currency extended a bout of weakness to fall to a low of 75.65 against the U.S. dollar in afternoon trade, down 0.35% for the day. It recovered to close at 75.51. The rupee has now weakened 2.77% over the past one month. It is the second worst performer in Asia after the Japanese Yen.. •KPMG expects digital companies in India to raise about $10 billion through IPO in the next six months, as investors continue to pump money into the country’s technology sector •PM Narendra Modi to launch seven new PSUs this week, Defence Ministry approves Rs 65,000-crore orders. Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ADSL | General | 13-Oct-21 | PARLEIND | General | 13-Oct-21 |
| ADVIKLA | Quarterly Results | 13-Oct-21 | PLASTIBLEN | Quarterly Results | 13-Oct-21 |
| BIRLAMONEY | Quarterly Results | 13-Oct-21 | PREMIERPOL | General | 13-Oct-21 |
| DISHTV | General | 13-Oct-21 | PRIMESECU | Preferential Issue of shares;Issue Of Warrants | 13-Oct-21 |
| INEOSSTYRO | Interim Dividend | 13-Oct-21 | RPEL | Quarterly Results;Interim Dividend | 13-Oct-21 |
| INFY | Audited Results | 13-Oct-21 | SCBL | Quarterly Results | 13-Oct-21 |
| MAITRI | Preferential Issue of shares | 13-Oct-21 | SDC | Audited Results | 13-Oct-21 |
| MINDTREE | Quarterly Results;Interim Dividend | 13-Oct-21 | SEL | Quarterly Results | 13-Oct-21 |
| MORARKFI | Quarterly Results | 13-Oct-21 | STRATMONT | Quarterly Results | 13-Oct-21 |
| NATIONSTD | Quarterly Results | 13-Oct-21 | SUCROSA | General | 13-Oct-21 |
| OCTAVE | Quarterly Results | 13-Oct-21 | UNISON | Bonus issue | 13-Oct-21 |
| ONELIFECAP | General | 13-Oct-21 | WIPRO | Quarterly Results;Audited Results | 13-Oct-21 |
CORPORATE ACTION
| 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 |
| 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/- |
| 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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