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 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.
|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|
|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|
|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|
|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
|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.
|•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
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ADVIKLA||Quarterly Results||13-Oct-21||PLASTIBLEN||Quarterly Results||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|
|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|
|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|
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)
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, firstname.lastname@example.org
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.
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.
Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in, or emailing email@example.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 firstname.lastname@example.org.
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
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:
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;
(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