The NIFTY opened at 17144.80 with a gap down of 41 points. The index initially moved down, found support quickly around 17100, and started moving on the upside. Prices recorded its intraday low at 17098.55 in the morning and rallied near 17300 comfortably. The index went sideways after that which eventually broke on the upside. Prices have again rallied, recorded its intraday high at 17328.55, and finally closed at 17311.80 near its daily highs with a gain of 126.10 points or 0.73% up. BANK and financial outperformed today and closed higher by more than 1%. METAL, MEDIA, and REALTY underperformed today and closed lower. FMCG moved sideways today and ended without much of a change. The short-term trend is sideways but the bias is now changing in the favor of bulls. A breakout and a dose above 17400 may be able to confirm this. Tomorrow, we should look to buy on a breakout above 17400. In case of a gap above 17400, buy above the first 15 minutes of high. Keep a stop of 80 points and a target of 240 points.


The BANK NIFTY opened at 39295.60 with a gap down of just 77 points. The index initially went lower but quickly turned around after recording its intraday low at 39146.70. Prices then rallied, breaks above 39500, and consolidated throughout the afternoon. The index recorded its intraday high at 39146.70 and finally closed at 39959.45 with a gain of 587 points. PSU BANKS have outperformed today, saw a sharp intraday rally, and closed higher by 3.47%. PVT BANKS have also moved up today and ended with a gain of 1.42%. Within the index, in terms of points, ICICIBANK contributed the highest on the upside followed by SBIN. A trading range within the 37500 – 39500 zones has broken decisively on the upside and given us a pattern target of around 41500. The short-term trend also changes to the upside which was sideways before.


KOTAK BANK 1858.15 BUY The stock is on the verge of a breakout on intraday as well as the daily chart. The stock can be bought above 1862.30 with a stop loss of 1845.50 and for the target of 1895.
DMART 4153.45 SELL The stock has given the breakdown on the intraday as well as the daily chart. The stock can be sold at 4139.30 with a stop loss of 4194.60 and for the target of 4058.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
KOTAK BANK (27 OCT)   1900 (CE) BUY 19.05 CMP 16 25 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CANBK.22.10 Oct 238.7 4.92 9.31 41607000 OBEROIRLTY.22.10 Oct 859.2 -4.74 5.61 6267800
BANKBARODA.2210Oct 137 4.62 8.55 1.04E+08 NAVINFLUOR.22.10 Oct 4424.3 -4.32 7.4 610650
CUB.22.10 Oct 191.6 4.47 21.02 8580000 VEDL.22.10 Oct 280.5 -2.64 10.89 32143900
AMBUJACEM.22.10 Oct 520.9 3.61 1.56 61776000 SYNGENE.22.10 Oct 538.4 -2.31 20.25 2654000
BHARATFORG.22.10Oct 773.8 3.1 2.23 6798000 HINDALCO.22.10 Oct 389.25 -2.3 2.3 29408775
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PNB.22.10 Oct 37.1 3.2 -0.4 245744000 JSWSTEEL.22.10 Oct 634.1 -1.28 -1.49 26330400
IDFCFIRSTB.22.10 Oct 55.95 2.66 -0.6 177090000 GSPL.22.10 Oct 221.1 -1.03 -1.58 5132500
DELTACORP.22.10 Oct 215 2.19 -0.68 16486400 SUNTV.22.10 Oct 531.65 -0.89 -0.2 9918000
BAJAJFINSV.22.10 Oct 1722 1.86 -2.23 6074000 LTI.22.10 Oct 4660 -0.58 -1.72 1287000
BAJAJ-AUTO.22.10 Oct 3634 1.76 -11.37 1932000 MCX.22.10 Oct 1306.25 -0.53 -0.24 2190800


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Ipca Laboratories Ltd. 944.05 1.72 378393 0 75.46 Nifty50 15989.8 1.13 77082
Oracle Fin Serv Soft Ltd 3095 1.43 46283 0 69.88 Niftybank 34324.25 1.5 77082
Gujarat State Petronet l 227.2 0.33 1123636 0 69.68 Nifty it 28007.6 1.13 77082
Ambuja Cements Ltd 368.25 0.44 2209031 0 69.41 India Vix 20.27 -2.5 77082
Infosys Limited 1491.65 1.06 5209162 0 69.18 Nifty Fmcg 40740.15 2.64 77082
Honeywell Auto India Ltd 34787.95 5.47 8072 0 68.48 Nifty Pharma 12331.15 0.8 77082
Ultratech Cement Limited 5828.05 1.71 371948 0 67.03 Nifty Realty 400.75 2.27 77082
Icici Bank Ltd. 725.95 0.9 12163533 0 67.01 Nifty Auto 11952.2 2.6 77079
Kotak Mahindra Bank Limi 1704.5 2.49 5572949 0 66.56 Nifty Metal 4665.3 0.03 77079
Hindustan Unilever Ltd 2498.4 4.03 4770394 0 65.58 Nifty Financial Services 15980.25 1.6 77088


   Domestic                                                                                                                                                  International
INR: M3 Money Supply on 20th October, 2022

INR: FX Reserves, USD on 21st October, 2022

 USD: Crude Oil Inventories on 19th October, 2022

USD: Building Permits (Sep) on 19th October, 2022


  • India’s stock benchmarks closed higher, paring opening losses, aided by gains in banking, utilities and power stocks. The Sensex added about 491 points (0.85%) to close at 58,410.98. The Nifty 50 added about 131 points (0.76%) to end at 17,317.

  • Shares of Tata Elxsi Ltd. fell the most in nearly eight months after its net profit in the July-September quarter missed analyst estimates. The Bengaluru-based design and technology services provider reported a net profit of Rs 174.7 crore, down 6% from a year ago

  • Indian economy faces external headwinds but is a bright spot amidst global slowdown.

  • As interest rates spike across the board, the Indian banking industry is staring at a new problem on their books: basis risk.

  • Multiplex operator PVR on October 17 reported a consolidated net loss of Rs 71.23 crore for the quarter ended September 2022. This was nearly half of the loss of Rs 153.13 crore in the same quarter last year.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ALPHALOGIC General 18-Oct-22 MAHINDCIE Quarterly Results 18-Oct-22
ANANTRAJ Quarterly Results 18-Oct-22 MAHSHRE General;Quarterly Results 18-Oct-22
ASRL General;Quarterly Results 18-Oct-22 MANCREDIT Quarterly Results 18-Oct-22
AURUM Quarterly Results 18-Oct-22 MOONGIPASEC General;Preferential Issue of shares;Quarterly Results 18-Oct-22
BLBLIMITED Quarterly Results 18-Oct-22 NETWORK18 Quarterly Results 18-Oct-22
COLORCHIPS Quarterly Results 18-Oct-22 NEWGEN General;Quarterly Results 18-Oct-22
ELPROINTL Quarterly Results 18-Oct-22 NILASPACES Quarterly Results 18-Oct-22
EMERALD General 18-Oct-22 PADMAIND Reduction of Capital 18-Oct-22
FLUOROCHEM Interim Dividend;Quarterly Results 18-Oct-22 PANTH Right Issue of Equity Shares;Increase in Authorised Capital;General 18-Oct-22
GMDCLTD Quarterly Results 18-Oct-22 POLYCAB Quarterly Results 18-Oct-22
GRWRHITECH General 18-Oct-22 PRAJIND Quarterly Results 18-Oct-22
HAZOOR Right Issue of Equity Shares 18-Oct-22 PSPPROJECT Quarterly Results 18-Oct-22
HCKKVENTURE Quarterly Results 18-Oct-22 RANEENGINE Quarterly Results 18-Oct-22
HERITGFOOD General;Quarterly Results 18-Oct-22 RAYALEMA General 18-Oct-22
HFCL Quarterly Results 18-Oct-22 SCHAEFFLER Quarterly Results 18-Oct-22
ICICIGI Audited Results;Interim Dividend 18-Oct-22 SHALBY Quarterly Results 18-Oct-22
INDBANK Quarterly Results 18-Oct-22 SONATSOFTW Interim Dividend;Quarterly Results 18-Oct-22
INDBNK Quarterly Results 18-Oct-22 SUUMAYA Half Yearly Results 18-Oct-22
JSWISPL General;Quarterly Results 18-Oct-22 TAKE Quarterly Results 18-Oct-22
KORE Quarterly Results 18-Oct-22 TATACOMM Quarterly Results 18-Oct-22
KPIGREEN Interim Dividend;Quarterly Results 18-Oct-22 TFL Right Issue of Equity Shares 18-Oct-22
KPITTECH Quarterly Results 18-Oct-22 TINPLATE Quarterly Results 18-Oct-22
KUANTUM Quarterly Results 18-Oct-22 TRINITYLEA Preferential Issue of shares 18-Oct-22
LKPFIN Quarterly Results 18-Oct-22 TTLEL General;Quarterly Results 18-Oct-22
LLOYDSME General;Quarterly Results 18-Oct-22 TV18BRDCST Quarterly Results 18-Oct-22
LTTS Interim Dividend;Quarterly Results 18-Oct-22 WHITEORG Quarterly Results 18-Oct-22
MACINTR General 18-Oct-22 ZENLABS Quarterly Results 18-Oct-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
DUGARHOU 18-Oct-22 Reduction of Capital KPIGREEN 28-Oct-22 Interim Dividend
HLEGLAS 18-Oct-22 Stock  Split From Rs.10/- to Rs.2/- MAHACORP 28-Oct-22 E.G.M.
AARTIIND 19-Oct-22 Spin Off SANINFRA 28-Oct-22 Stock  Split From Rs.10/- to Rs.1/-
HCLTECH 19-Oct-22 Interim Dividend – Rs. – 10.0000 VISAGAR 28-Oct-22 E.G.M.
TPLPLAST 19-Oct-22 Stock  Split From Rs.10/- to Rs.2/- VIVIDHA 28-Oct-22 E.G.M.
UHZAVERI 19-Oct-22 Bonus issue 2:3 ASIANPAINT 31-Oct-22 Interim Dividend
ANANDRATHI 20-Oct-22 Interim Dividend – Rs. – 5.0000 DCMSHRIRAM 31-Oct-22 Interim Dividend
ANGELONE 20-Oct-22 Interim Dividend – Rs. – 9.0000 ISEC 31-Oct-22 Interim Dividend
IRBINVIT 20-Oct-22 Income Distribution (InvIT) NESTLEIND 31-Oct-22 Interim Dividend
JAICORPLTD 20-Oct-22 Dividend – Rs. – 0.5000 SASKEN 31-Oct-22 Interim Dividend
ANJANIFOODS 21-Oct-22 Stock  Split From Rs.10/- to Rs.2/- SYMPHONY 31-Oct-22 Interim Dividend
ATAM 21-Oct-22 Bonus issue 1:1 TDPOWERSYS 31-Oct-22 Stock  Split From Rs.10/- to Rs.2/-
AXITA 21-Oct-22 Stock  Split From Rs.10/- to Rs.1/- BSOFT 01-Nov-22 Interim Dividend
PERFEPA 21-Oct-22 Stock  Split From Rs.10/- to Rs.2/- HINDUNILVR 01-Nov-22 Interim Dividend
REGENCY 21-Oct-22 Bonus issue 1:1 KPEL 01-Nov-22 Interim Dividend
TAINWALCHM 21-Oct-22 E.G.M. NACLIND 01-Nov-22 Interim Dividend
TANLA 21-Oct-22 Buy Back of Shares RKFORGE 01-Nov-22 Interim Dividend
UNIVPHOTO 21-Oct-22 Special Dividend – Rs. – 10.0000 ROUTE 01-Nov-22 Interim Dividend
VGIL 21-Oct-22 Final Dividend – Rs. – 0.2000 SHREDIGCEM 01-Nov-22 Interim Dividend
CYIENT 25-Oct-22 Interim Dividend – Rs. – 10.0000 VAIBHAVGBL 03-Nov-22 Interim Dividend
ICICIGI 27-Oct-22 Interim Dividend CRISIL 04-Nov-22 Interim Dividend
INFY 27-Oct-22 Interim Dividend – Rs. – 16.5000 PGHH 04-Nov-22 Final Dividend – Rs. – 65.0000
LTTS 27-Oct-22 Interim Dividend PUNITCO 09-Nov-22 Bonus issue 5:1
IIFLWAM 28-Oct-22 Interim Dividend GILLETTE 10-Nov-22 Final Dividend – Rs. – 36.0000

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