The Nifty opened at 18097.85 with a gap up of more than 100 points. Prices first moved down almost 50 points and recorded its intraday low at 18050.75. The index found some support there and began to rise. A rally of almost 150 points from the lows brought prices to its intraday high at 18197.80. Prices then took a pause there and spent the rest of the day moving sideways and finally closed at 18167.75 with a gain of 169.80 points. All the sectoral indices have closed with gains except Realty that ended with a loss of 0.24%. The Auto outperformed and ended with a gain of more than 3%. The Nifty rose for the fifth consecutive session and closed at record high levels. Strong buying is seen in Auto, Metal and IT stocks while some selling pressure is seen in Realty stocks.
We had suggested to buy on a breakout above 18040. We bought above the 15 minutes high at 18100. Stay long with a stop at 18100 and target of 18250.
Bank Nifty opened at 38753.30 with a gap up of 219 points. The index first consolidated and then started drifting downwards and recorded its intraday low at 38502.70. In the afternoon prices have again moved up and recorded its intraday high at 38779.05. The index fell again and closed with a gain of less than 100 points. PSU and Private Banks both indices have seen an upside move and closed higher by 0.80% and 0.44% respectively. Within the index, HDFC Bank contributed highest while SBIN the lowest.
It was a volatile day in the index where prices have seen multiple swings in both directions. Traders should look to buy on a dip at 38000.
|ITC||249.2||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 245 and for the target 256|
|JSWSTEEL||681.45||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 670 and for the target 700|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|WIPRO||680 CE||BUY||29.5||CMP||25||37||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|INDIAMART.21.10 Oct||9575||9.04||31.93||295350||FINNIFTYW.21.10 Oct||18634.8||-0.66||2650||2200|
|M&M.21.10 Oct||940.05||5.48||29.48||12938100||SRF.21.10 Oct||2403.15||-3.1||445.09||3445000|
|BHEL.21.10 Oct||76||7.12||27.14||124257000||CANBK.21.10 Oct||187||-0.11||10.48||68142600|
|TATAMOTORS.21.10 Oct||510.15||20.89||16.11||109622400||COLPAL.21.10 Oct||1702.5||-0.55||9.97||2552200|
|TATACHEM.21.10 Oct||1122.75||15.25||11.01||12919000||TORNTPOWER.21.10 Oct||519.85||-0.52||9.56||4657500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|SAIL.21.10 Oct||121.75||4.69||-4.38||164967500||BATAINDIA.21.10 Oct||2072||-0.98||-4.95||2059750|
|UBL.21.10 Oct||1726||0.16||-3.68||1463700||DELTACORP.21.10 Oct||283.7||-0.87||-2.36||12261300|
|JSWSTEEL.21.10 Oct||685.15||1.21||-2.53||43110900||IOC.21.10 Oct||131.6||-0.19||-1.97||38408500|
|ASHOKLEY.21.10 Oct||146.95||5.15||-2.48||42444000||HAVELLS.21.10 Oct||1411.2||-0.52||-1.84||4706500|
|SUNTV.21.10 Oct||544.55||0.87||-2.16||13480500||HINDPETRO.21.10 Oct||326.35||-0.91||-1.68||18905400|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2646.75||-1.1||1660007||833289||70.96||Nifty Auto||11870||3.43||77922|
|Icici Lombard General In||1520.35||-0.82||847206||449098||70.7||Nifty Metal||5914.65||1.46||77922|
|Tata Consultancy Serv Lt||3655.2||0.06||3545655||3799131||66.04||Nifty Energy||24604.4||1.39||77922|
|Bharat Petroleum Ltd||458.65||0.75||7036361||3588860||65.71||Nifty it||35285.6||1.19||77922|
|Hdfc Life Insurance Comp||700.9||-0.36||3092746||2115779||65.28||Nifty 50||18161.75||0.94||77922|
|Torrent Pharma Ltd.||3127.35||0.44||65625||100822||64.82||Nifty Fmcg||41149.4||0.83||77922|
|City Union Bank Ltd.||168.9||-0.32||2046049||2076714||64.67||Nifty Pharma||14679.4||0.34||77922|
|Icici Prudential Life In||656.8||-0.74||597205||466052||63.4||Nifty Media||2325.85||0.28||77922|
|Indraprastha Gas Limited||515.5||1.28||5071477||2296872||62.58||Nifty Realty||532.45||-0.24||77922|
UPCOMING ECONOMIC DATA
|INR: WPI Inflation (YoY) (Sept) on 14th October, 2021.
INR: Trade Balance (Sep) on 15th October, 2021
|•USD: Initial Jobless Claims on 14th October, 2021.
•USD: PPI (MoM) (Sep) on 14th October, 2021.
|•The rupee on Wednesday rebounded by 15 paise to close at 75.37 (provisional) against the US dollar following a rally in domestic equities and weak American currency in the overseas markets. In addition, lower crude prices also supported the rupee sentiment.
•Benchmark indices closed on Wednesday high in green with auto stocks getting a fillip from the news of TPG Capital funding an EV venture of Tata Motors. Expectations of good showing of IT stocks also helped the markets.
•The Bombay High Court on October 13 decided to hear the Zee Entertainment and Invesco case on October 21. The court asked the company’s largest shareholders Invesco and OFI Global China Fund to file an affidavit by October 20.
•Infosys Q2 results: Consolidated PAT rises 4.3% QoQ, beats estimate; co to pay Rs 15 dividend. Wipro Q2 Result | Profit falls 9.6% to Rs 2,930 crore, firm sees IT services revenue growth at 2-4% in Q3.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BENARAS||General;Quarterly Results||14-Oct-21||HCLTECH||Interim Dividend;Quarterly Results||14-Oct-21|
|CENTURYTEX||General;Quarterly Results||14-Oct-21||IBREALEST||General;Quarterly Results||14-Oct-21|
|CYIENT||Interim Dividend;Quarterly Results||14-Oct-21||INOXWIND||Quarterly Results||14-Oct-21|
|DEN||Quarterly Results||14-Oct-21||JOHNPHARMA||General;Stock Split||14-Oct-21|
|ELECTHERM||Audited Results;Quarterly Results||14-Oct-21||LLOYDSTEEL||Increase in Authorised Capital;Issue Of Warrants;Preferential Issue of shares||14-Oct-21|
|GAGAN||Quarterly Results||14-Oct-21||MAHINDCIE||Quarterly Results||14-Oct-21|
|GANESHHOUC||Quarterly Results||14-Oct-21||RADHEDE||Quarterly Results||14-Oct-21|
|GGENG||General||14-Oct-21||SHILPAMED||Issue Of Warrants;Preferential Issue of shares||14-Oct-21|
|GOLKONDA||Quarterly Results||14-Oct-21||SUPERIOR||Quarterly Results||14-Oct-21|
|GTPL||Quarterly Results||14-Oct-21||VIKASLIFE||Quarterly Results||14-Oct-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|NORBTEAEXP||14-Oct-21||E.G.M.||RCF||20-Oct-21||Final Dividend – Rs. – 1.78|
|SEVENHILL||14-Oct-21||Stock Split From Rs.10/- to Rs.1/-||ACCELYA||21-Oct-21||Final Dividend – Rs. – 17|
|SWORDEDGE||14-Oct-21||Stock Split From Rs.10/- to Rs.1/-||BEPL||21-Oct-21||Interim Dividend – Rs. – 1|
|TCS||14-Oct-21||Interim Dividend – Rs. – 7||HCLTECH||21-Oct-21||Interim Dividend|
|ZEAL||14-Oct-21||Stock Split From Rs.10/- to Rs.1/-||INEOSSTYRO||21-Oct-21||Special Dividend|
|AIIL||20-Oct-21||Stock Split From Rs.10/- to Rs.1/-||MAHIP||21-Oct-21||E.G.M.|
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