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.|
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, email@example.com
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 firstname.lastname@example.org 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 email@example.com.
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