NIFTY:
The Nifty opened at 17718.9 without much of a gap. Prices have moved very volatile in the first half and remained range bound. In this process prices have recorded its intraday high at 17742.15. The consolidation broke on the downside in the afternoon and prices have seen a sharp decline of more than 150 points in the second half. The volatile movement continued in the second half as well. Prices have recorded its intraday low at 17585.35 and finally closed at 17618.15 with a loss of 93.15 points. The Realty and Pharma sectors have outperformed and closed higher by 1.47% and 0.43% respectively. Banks, Metal and IT contributed most on the downside. Nifty ended lower for the third consecutive day and prices have continued moving volatile. Prices have seen a consolidation in the first half while sharp decline in the second half and finally closed near its day low. We have identified support around 17600 in the Nifty. The index is holding this support for the last three day and the index closed almost at the support. This level is now acting as a make it or break it level.
If the index holds this support then we may see a rally towards the lifetime highs around 17950. However a breakdown from this support may lead prices to its next support level which is visible around 17300.
BANK NIFTY:
The Bank Nifty opened at 37677.80 with a gap down of 64 points. The initially went down but soon started moving on the upside. Prices have recorded its intraday high at 37884.85 and then started moving down again. A decline brought prices to its intraday low at 37354.25 and closed with a loss of more than 300 points. Federal Bank contributed highest while Axis bank the lowest. Bank Nifty moved very volatile and the intraday range was also very narrow.
The index is finding short term support around 37300.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| DLF | 417.2 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 415 and for the target 425 |
| GRANULES | 320 | SELL | The stock has given a breakdown from a narrow trading range. The stock can be sold at CMP with a stop at 325 and for the target 310 |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| IGL | 540 CE | BUY | 28.3 | CMP | 24 | 34 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| HINDUNILVR.21.09 Sep | 2703.4 | 0.54 | 51.93 | 4035000 | MOTHERSUMI.21.09 Sep | 227.2 | -1.11 | 71.48 | 20454000 | |
| TRENT.21.09 Sep | 1033 | 2.4 | 49.07 | 1101275 | PAGEIND.21.09 Sep | 31797.6 | -1.81 | 60.36 | 37140 | |
| TITAN.21.09 Sep | 2150.8 | 0.11 | 44.12 | 2590875 | BHARATFORG.21.09 Sep | 734.75 | -1.35 | 45.42 | 3145500 | |
| SIEMENS.21.09 Sep | 2128.1 | 0 | 34.24 | 530475 | CIPLA.21.09 Sep | 980.55 | -0.42 | 45.08 | 9030450 | |
| BAJFINANCE.21.09 Sep | 7677.9 | 1.9 | 31.66 | 1375500 | MARUTI.21.09 Sep | 7293.8 | -1.2 | 44.05 | 1355200 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| DIXON.21.09 Sep | 4633.65 | 4.25 | -51.26 | 62875 | FINNIFTY.21.09 Sep | 18260.65 | -0.83 | -66.67 | 680 | |
| VOLTAS.21.09 Sep | 1222.85 | 1.32 | -49.34 | 405000 | ICICIGI.21.09 Sep | 1592.85 | -0.03 | -66.54 | 180625 | |
| GODREJPROP.21.09 Sep | 2312.55 | 0.02 | -46.95 | 304850 | METROPOLIS.21.09 Sep | 2693.1 | -0.82 | -55.01 | 35000 | |
| ALKEM.21.09 Sep | 3968.4 | 0.55 | -27.78 | 26000 | GRANULES.21.09 Sep | 318.2 | -1.39 | -52.36 | 1047800 | |
| CANFINHOME.21.09 Sep | 688 | 5.14 | -25.66 | 547950 | TVSMOTOR.21.09 Sep | 550.15 | -0.36 | -49.27 | 436800 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Hdfc Ltd. | 2754.3 | 0.29 | 4186802 | 2493615 | 74.81 | Nifty Realty | 513.8 | 1.47 | 102597 | |
| Hdfc Life Insurance Comp | 722.4 | -1.68 | 3235673 | 3878728 | 74.59 | Nifty Pharma | 14466.5 | 0.43 | 102597 | |
| Axis Bank Limited | 766.55 | -1.99 | 9178187 | 10315275 | 72.43 | Nifty Energy | 22858.55 | -0.03 | 102597 | |
| Tech Mahindra Limited | 1380.6 | -1.06 | 3856630 | 5548492 | 69.81 | Nifty Fmcg | 40426.55 | -0.11 | 102597 | |
| Indraprastha Gas Limited | 533.1 | 2.79 | 3878320 | 3394648 | 68.61 | Nifty 50 | 17618.15 | -0.53 | 102597 | |
| Alkem | 3980.75 | 1.14 | 114702 | 452827 | 68.3 | Nifty Auto | 10598.45 | -0.54 | 102597 | |
| Hdfc Bank Ltd. | 1594.95 | 0.07 | 7987674 | 5400885 | 66.42 | Nifty it | 35028 | -0.72 | 102597 | |
| Hindustan Unilever Ltd | 2701.8 | 0.61 | 1620199 | 998751 | 66.41 | Nifty Bank | 37425.1 | -0.84 | 102597 | |
| Sbi Life Insurance Compa | 1215.1 | 0.76 | 1234882 | 1063891 | 65.55 | Nifty Metal | 5611.25 | -0.88 | 102597 | |
| Infosys Limited | 1675.2 | -1.01 | 6914031 | 5097015 | 65.41 | Nifty Media | 2138.3 | -0.91 | 102597 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Nikkei Markit Manufacturing PMI (Sep) on 1st October, 2021
INR: FX Reserves, USD on 1st October, 2021 |
•USD: ISM Manufacturing PMI (Sep) on 1st October, 2021
•USD: Factory Orders (MoM) (Aug) on 4th October, 2021 |
NEWS UPDATES
|
•The National Company Law Tribunal (NCLT) on Thursday said Zee Entertainment should consider shareholders’ request to hold an extraordinary general meeting (EGM). A news channel reported that NCLT will hear the matter again on October 4. NCLT directed Zee Entertainment Enterprises to hold board meet to consider Invesco’s plea for shareholders’ meet. Communicate decisions appropriately to shareholders after board meet, NCLT told Zee. •Bharti Airtel’s subsidiary Nxtra on Thursday said it will invest Rs 5,000 crore to triple its data centre capacity by 2025. The company will set up 7 hyperscale campuses and increase the share of green power in running data centres to 50 per cent from 35 per cent at present.”We are making a fresh investment of Rs 5,000 crore to expand our data centres. •Zydus Cadila’s Covid-19 DNA vaccine will soon be introduced as part of the country’s inoculation drive, said Union health secretary Rajesh Bhushan on Thursday. He further said that the vaccine will be priced differently than jabs being used currently and talks are being held with the manufacturer on its pricing. •The union government’s fiscal deficit in April-August, the first five months of the financial year, stood at ₹4.68 lakh crore, or 31.1% of the budgeted target for the whole year, government data showed on Thursday. The government has received ₹8.08 lakh crore, about 41% of Budget estimates till August. This also includes ₹6.44 lakh crore in tax revenue, ₹1.48 lakh crore in non-tax revenue. Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| AMBITION | Quarterly Results | 01-Oct-21 | CALCOM | Quarterly Results | 04-Oct-21 |
| APIL | Preferential Issue of shares | 01-Oct-21 | DSSL | General | 04-Oct-21 |
| DIVYAJYQ | A.G.M. | 01-Oct-21 | GANESHBE | General | 04-Oct-21 |
| GRINFRA | General | 01-Oct-21 | MANINFRA | Bonus issue;Interim Dividend | 04-Oct-21 |
| KEDIACN | General | 01-Oct-21 | TPINDIA | A.G.M. | 04-Oct-21 |
| LOHIASEC | Amalgamation | 01-Oct-21 | BETALA | Quarterly Results | 05-Oct-21 |
| MCCHRLS-B | General | 01-Oct-21 | BMBMUMG | General | 05-Oct-21 |
| NETTLINX | General | 01-Oct-21 | GARNETINT | General | 05-Oct-21 |
| SUDTIND-B | Increase in Auth. Capital;General | 01-Oct-21 | QGO | General | 05-Oct-21 |
| UNIAUTO | Bonus issue;Increase in Auth. Capital | 01-Oct-21 | STARHFL | Preferential Issue of shares | 05-Oct-21 |
| VIKASWSP | Quarterly Results | 01-Oct-21 | ASITCFIN | General | 06-Oct-21 |
| BODHTREE | General | 04-Oct-21 | RACE | General | 06-Oct-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| ALPHALOGIC | 05-Oct-21 | Stock Split From Rs.10/- to Rs.5/- | ASIANTILES | 11-Oct-21 | Final Dividend – Rs. – 0.5000 |
| ANUPAM | 06-Oct-21 | Stock Split From Rs.10/- to Rs.1/- | ADVITIYA | 13-Oct-21 | Bonus issue 44:10 |
| AFFLE | 07-Oct-21 | Stock Split From Rs.10/- to Rs.2/- | JTLINFRA | 13-Oct-21 | Stock Split From Rs.10/- to Rs.2/- |
| INDSOYA | 07-Oct-21 | Stock Split From Rs.10/- to Rs.5/- | LANCER | 13-Oct-21 | Bonus issue 2:1 |
| UNISON | 07-Oct-21 | Bonus issue 4:1 | SRF | 13-Oct-21 | Bonus issue 4:1 |
| DCMSRMIND | 08-Oct-21 | Stock Split From Rs.10/- to Rs.2/- | NORBTEAEXP | 14-Oct-21 | E.G.M. |
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