NIFTY:
The Nifty opened at 18500 with a gap up of 162 points. Prices first saw a sharp decline within the first five minutes of trading and recorded its intraday low at 18445.30. The index then started moving up and recorded its intraday high at 18543.15 in the afternoon. The rally fizzled out soon and prices have seen a decline from there. The Nifty finally closed at 18477.02 lower than its opening tick with a gain of 138.5 points. All the sectoral indices have closed with gains except Media and Pharma. The Metal outshines and ended with a gain of 3.89%. The IT sector also rose and closed with a gain of 1.57%. The market rally continued for the seventh consecutive session, with the Nifty crossing 18500 and the Sensex hovering on the 62000 mark for the first time. More importantly, the market rallied despite weakness in its global peers. Prices have continued recording lifetime new highs. It was a volatile day in the index where prices have seen a few sharp moves in both directions and closed with some gains.
BANK NIFTY:
Bank Nifty opened at 39794.25 with a gap up of 465 points. The index first moved up almost 400 points and then quickly return to the opening price. Index found support there and then again moved up and that rally fizzled out. Prices have recorded its intraday low at 396569.55. intraday high at 39947 and finally closed at 39663.9 with a gain of 334 points. PSU Banks have significantly outperformed and closed with a handsome gain of almost 4%. Private Banks have also risen and ended with a gain of 0.84%. Within the index, ICICI Bank contributed highest while HDFC Bank the lowest. It was a volatile day where prices have seen four moves of almost 400 points. Two were on the upside and two were on the downside. A big gap up opening has brought the index close to the 40000 mark.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| INFY | 1792 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 1775 and for the target 1820 |
| NAUKRI | 7019.5 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 6930 and for the target 7200 |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| IEX | 800 CE | BUY | 44.5 | CMP | 39 | 52 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| DALBHARAT.21.10 Oct | 2094 | 1.1 | 38.65 | 696000 | LTI.21.10 Oct | 5896.55 | -3.45 | 34.51 | 854700 | |
| NATIONALUM.21.10 Oct | 121.6 | 12.49 | 20.03 | 97580000 | AMARAJABAT.21.10 Oct | 725 | -5.02 | 16.97 | 10214000 | |
| ACC.21.10 Oct | 2316.75 | 0.1 | 14.88 | 3218500 | POLYCAB.21.10 Oct | 2489.05 | -3.26 | 13.99 | 1204800 | |
| ASHOKLEY.21.10 Oct | 145.45 | 0.14 | 11.11 | 42039000 | ASIANPAINT.21.10 Oct | 3247.65 | -1.6 | 13.81 | 4407600 | |
| INDIACEM.21.10 Oct | 219 | 1.67 | 9.43 | 11072200 | HCLTECH.21.10 Oct | 1220 | -2.36 | 13.72 | 25527600 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| IRCTC.21.10 Oct | 5980 | 9.05 | -13.7 | 2442700 | M&M.21.10 Oct | 914.9 | -2.12 | -4.75 | 10168200 | |
| CANBK.21.10 Oct | 198.95 | 2.42 | -4.1 | 61824600 | BHEL.21.10 Oct | 74.3 | -0.27 | -3.39 | 104821500 | |
| PFC.21.10 Oct | 150.95 | 0.87 | -4.02 | 35798800 | SRF.21.10 Oct | 2337.55 | -3.32 | -3.2 | 3215625 | |
| VOLTAS.21.10 Oct | 1334.7 | 0.85 | -3.41 | 1898000 | ALKEM.21.10 Oct | 3859.15 | -1.17 | -1.85 | 529200 | |
| TATASTEEL.21.10 Oct | 1413.05 | 2.67 | -2.96 | 43809000 | ADANIENT.21.10 Oct | 1615 | -2.29 | -1.71 | 23889000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Hdfc Life Insurance Comp | 703.6 | 1.41 | 4597120 | 3007107 | 73.75 | Nifty Metal | 6253.1 | 3.89 | 99636 | |
| Petronet Lng Limited | 234.35 | 1.67 | 5188190 | 4919847 | 73.25 | Nifty it | 36306.35 | 1.57 | 99636 | |
| Tata Consultancy Serv Lt | 3647.15 | 0.99 | 3590107 | 4714726 | 73.18 | Nifty Energy | 25148.7 | 1.54 | 99636 | |
| Hdfc Ltd. | 2811.5 | 0.1 | 2609969 | 1956778 | 71.48 | Nifty Bank | 39684.8 | 0.87 | 99636 | |
| Max Financial Services l | 1001.6 | 1.35 | 514982 | 581687 | 71.11 | Nifty 50 | 18477.05 | 0.76 | 99636 | |
| Sbi Life Insurance Compa | 1192.5 | 0.59 | 934860 | 1472929 | 70.79 | Nifty Realty | 541.8 | 0.47 | 99636 | |
| Maruti Suzuki India Ltd | 7657 | 2.14 | 913963 | 578890 | 69.62 | Nifty Fmcg | 41564.15 | 0.45 | 99636 | |
| Dalmia Bharat Limited | 2084.5 | 1.05 | 516783 | 259457 | 68.83 | Nifty Auto | 11814.8 | 0.12 | 99636 | |
| Hindustan Unilever Ltd | 2654 | 0.17 | 1758177 | 1462714 | 67.76 | Nifty Media | 2334 | -0.72 | 99636 | |
| Bharti Airtel Limited | 680.6 | -0.76 | 8574445 | 6618657 | 67.4 | Nifty Pharma | 14598.2 | -0.89 | 99636 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: M3 Money Supply on 20th October, 2021.
INR: Bank Loan & Deposit Growth on 22th October, 2021 |
•USD: Building Permits (Sep) on 19th October, 2021
•USD: Crude Oil Inventories on 20th October, 2021. |
NEWS UPDATES
|
•India’s equity benchmarks rose for the seventh consecutive session to close at record, aided by gains in metals, power and information technology stocks. This is the longest winning streak from NSE Nifty 50 index since August 31. •Fitch Ratings had cut India’s economic growth forecast to 8.7 percent for the current fiscal but raised GDP growth projection for FY23 to 10 percent, saying the second COVID-19 wave delayed rather than derail the economic recovery. •Rising crude oil prices are emerging as a huge challenge and the uncertainty could upend some of her plans to get the economy back on track, Finance Minister Nirmala Sitharaman said in an interview in New York. Further she said that India is in no hurry to withdraw stimulus provided to support economy. •UltraTech Cement has reported a consolidated PAT of Rs 1,314 crore for the quarter ended September 2021, up from Rs 1,700 crore in the previous quarter. Consolidated revenue came in higher at Rs 11,743 crore for the quarter compared to Rs 11,830 crore in June 2021 quarter. •Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| 5PAISA | Quarterly Results;General | 19-Oct-21 | NAVINFLUOR | Quarterly Results;Interim Dividend | 19-Oct-21 |
| ACC | Quarterly Results | 19-Oct-21 | NELCO | Quarterly Results | 19-Oct-21 |
| DCMSHRIRAM | Quarterly Results;Interim Dividend | 19-Oct-21 | NESTLEIND | Dividend;Quarterly Results;Interim Dividend | 19-Oct-21 |
| HEIDELBERG | Quarterly Results | 19-Oct-21 | NETWORK18 | Quarterly Results | 19-Oct-21 |
| HINDUNILVR | Quarterly Results;Interim Dividend | 19-Oct-21 | ORIENTHOT | Quarterly Results | 19-Oct-21 |
| ICICIPRULI | Quarterly Results | 19-Oct-21 | RALLIS | Quarterly Results | 19-Oct-21 |
| ISEC | Quarterly Results;Interim Dividend | 19-Oct-21 | RBL | Quarterly Results | 19-Oct-21 |
| JAGSNPHARM | Quarterly Results;Interim Dividend | 19-Oct-21 | SHAKTIPUMP | Quarterly Results | 19-Oct-21 |
| JSWISPL | Quarterly Results | 19-Oct-21 | SIL | Quarterly Results | 19-Oct-21 |
| JUBLINGREA | Quarterly Results | 19-Oct-21 | SONATSOFTW | Quarterly Results;Interim Dividend | 19-Oct-21 |
| LTTS | Quarterly Results;Interim Dividend | 19-Oct-21 | TATASTLBSL | Quarterly Results | 19-Oct-21 |
| MASTEK | Quarterly Results | 19-Oct-21 | TV18BRDCST | Quarterly Results | 19-Oct-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| AIIL | 20-Oct-21 | Stock Split From Rs.10/- to Rs.1/- | MINDTREE | 21-Oct-21 | Interim Dividend – Rs. – 10 |
| RCF | 20-Oct-21 | Final Dividend – Rs. – 1.78 | MISHTANN | 21-Oct-21 | Interim Dividend – Rs. – 0.0020 |
| ACCELYA | 21-Oct-21 | Final Dividend – Rs. – 17 | RKFORGE | 21-Oct-21 | Interim Dividend – Rs. – 0.50 |
| BEPL | 21-Oct-21 | Interim Dividend – Rs. – 1 | STARHFL | 21-Oct-21 | E.G.M. |
| HCLTECH | 21-Oct-21 | Interim Dividend – Rs. – 10 | TEXRAIL | 21-Oct-21 | Right Issue of Equity Shares |
| MAHIP | 21-Oct-21 | E.G.M. | VISHWARAJ | 21-Oct-21 | Stock Split From Rs.10/- to Rs.2/- |
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