NIFTY:
The Nifty opened at 18602.35 with a gap up of 125 points. Prices first consolidated and then broke on the downside. The index filled the gap up and then drifted further on the downside. The decline was very sharp and prices bounced up immediately and rallied to almost its opening tick which was also the intraday high. The rally fizzled out after a consolidation in the afternoon. Prices have seen another sharp decline in the second half and recorded its intraday low at 18377.70. The index finally closed at 18418.75 with a loss of 58.30 points. The IT sector was outshone and ended with a gain of 2.20%. The Realty sector was the biggest underperformer and ended with a loss of 4.74%. FMCG and Metal also contributed on the downside.
A gap up opening did not sustain. The index continued trading volatile intraday. The Nifty broke seven days of higher closing streak despite making lifetime new highs above 18600
BANK NIFTY:
Bank Nifty opened at 3927.30 with a gap up of 264 points, The index first consolidated and recorded its intraday high at 40011.15. Prices have seen a sharp intraday decline and recorded its intraday low at 39394.25. the index bounced up, rallied in the afternoon and then again slid down to close with a loss of more than 100 points. PSU Banks have significantly underperformed and closed with a loss of 3.73%. Private Banks also drifted down and ended with a loss of 0.47%. Within the index, Kotak Bank contributed highest while IDFC First the lowest.
Bank Nifty continued to trade volatile. A gap up opening, then down almost 700 points and then rallied 500 points and then again moved down 500 points.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| OFSS | 4944 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 4860 and for the target 5100 |
| ZEEL | 309.2 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 304 and for the target 318 |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| KOTAK BANK | 2040 CE | BUY | 51 | CMP | 41 | 75 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| PERSISTENT.21.10 Oct | 4223 | 2.11 | 36.53 | 369450 | JKCEMENT.21.10 Oct | 3331.45 | -3.45 | 30.75 | 121275 | |
| OFSS.21.10 Oct | 4930 | 4.04 | 28.2 | 923875 | POLYCAB.21.10 Oct | 2368.55 | -4.98 | 23.69 | 1334400 | |
| MANAPPURAM.21.10 Oct | 198.7 | 0.33 | 22.58 | 22314000 | IRCTC.21.10 Oct | 5011.9 | -15 | 23.22 | 2530125 | |
| PAGEIND.21.10 Oct | 38300.1 | 1.6 | 19.69 | 112140 | BANDHANBNK.21.10 Oct | 315.2 | -5.27 | 19.22 | 21222000 | |
| IEX.21.10 Oct | 847.65 | 5.82 | 18.05 | 12532500 | TATAPOWER.21.10 Oct | 226 | -12.67 | 18.83 | 1.05E+08 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| M&MFIN.21.10 Oct | 189.9 | 1.17 | -7.18 | 21356000 | NATIONALUM.21.10 Oct | 114.5 | -6.3 | -7.65 | 85952000 | |
| LTI.21.10 Oct | 6890 | 17.13 | -6.82 | 710700 | IOC.21.10 Oct | 133.6 | -2.12 | -5.01 | 32545500 | |
| HDFCBANK.21.10 Oct | 1684.7 | 1.08 | -5.44 | 30928150 | INDIACEM.21.10 Oct | 205.95 | -6.13 | -4.88 | 10115200 | |
| NAM-INDIA.21.10 Oct | 458 | 1.16 | -3.68 | 3140800 | SYNGENE.21.10 Oct | 610.75 | -0.52 | -4.52 | 1793500 | |
| METROPOLIS.21.10 Oct | 2727.3 | 0.67 | -3.6 | 594600 | AMARAJABAT.21.10 Oct | 712.05 | -2.12 | -4.34 | 8942000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Hcl Technologies Ltd. | 1232.1 | 0.88 | 10189780 | 16805980 | 70.43 | Nifty it | 37106.35 | 2.2 | 79473 | |
| Hindustan Unilever Ltd | 2546.8 | -4.04 | 5431133 | 1219438 | 69.36 | Nifty 50 | 18418.75 | -0.32 | 79473 | |
| Infosys Limited | 1822.15 | 1.67 | 10324260 | 9274584 | 69.02 | Nifty Bank | 39540.5 | -0.36 | 79473 | |
| Ntpc Limited | 149.65 | 0.07 | 20234486 | 17270137 | 68.14 | Nifty Media | 2310.65 | -1 | 79473 | |
| Crompton Greaves Consume | 465.65 | -1.56 | 2486768 | 698298 | 67.48 | Nifty Energy | 24785.65 | -1.44 | 79473 | |
| Tata Consultancy Serv Lt | 3634.15 | -0.36 | 3135441 | 2407286 | 67.05 | Nifty Pharma | 14384.35 | -1.46 | 79473 | |
| Dalmia Bharat Limited | 2035.65 | -2.34 | 284002 | 345867 | 66.93 | Nifty Auto | 11626.85 | -1.59 | 79473 | |
| Icici Lombard General In | 1529.2 | 0.64 | 674830 | 341867 | 66.13 | Nifty Metal | 6099.35 | -2.46 | 79473 | |
| Alkem | 3842.15 | -0.5 | 102417 | 98907 | 65.9 | Nifty Fmcg | 40237.3 | -3.19 | 79473 | |
| Power Grid Corporation o | 198.65 | -2.53 | 12130633 | 18371344 | 63.55 | Nifty Realty | 516.1 | -4.74 | 79473 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: Bank Loan Growth and Deposit Growth on 22nd October, 2021
INR: FX Reserves, USD on 22nd October, 2021 |
•USD: Crude Oil Inventories on 20th October, 2021
•USD: Initial Jobless Claims on 21st October, 2021 |
NEWS UPDATES
| •Private sector lender Axis Bank on Tuesday announced waiver of 12 EMIs on select home loan products, and discounts on various online purchases as part of its festival offer. Axis Bank is offering waivers of 12 EMIs on select home loan products and providing on-road finance without any processing fee for two-wheeler customers, it said in a release.
•Shares of Indian Railway Catering and Tourism Corporation (IRCTC) witnessed a sudden slump of ₹1,400 or 15% towards close to ₹4,995 per share in Tuesday’s trading session after hitting a record high in early deals. The stock closed at ₹5,363 apiece, down more than 8%. IRCTC shares had hit a record high of ₹6,393, gaining over 7% with its market capitalization crossing ₹1 trillion in early deals. •Hindustan Unilever reported a standalone net profit of ₹2,187 crore for the September quarter, an increase of 9% from ₹2,009 crore reported in the same quarter last year. On a sequential basis, the profit after tax (PAT) grew 6% from ₹2,061 crore in the June quarter. •Nestle India on Tuesday announced its financial results for the July-September quarter (Q3), in which the company recorded 5 per cent growth in net profit at Rs 617 crore vs Rs 538 crore in the same period a year ago. Nestle follows the January-December financial year system. Nestle India reported the total sales growth at 9.6 per cent to Rs 3,864 crore for Q3 FY22 vs Rs 3,525 crore in Q3 FY21. The domestic sales growth stood at 10.1 per cent. Its overall growth is broad-based and largely driven by volume and mix, the company said in a stock exchange statement. Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| ANGELBRKG | Interim Dividend;Quarterly Results | 20-Oct-21 | RIIL | Quarterly Results | 20-Oct-21 |
| ASL | Quarterly Results | 20-Oct-21 | RML | Quarterly Results | 20-Oct-21 |
| BHARATGEAR | Right Issue of Equity Shares | 20-Oct-21 | SEACOAST | General;Quarterly Results | 20-Oct-21 |
| DEEP | Quarterly Results | 20-Oct-21 | SHOPERSTOP | Quarterly Results | 20-Oct-21 |
| DHANI | Preferential Issue of shares | 20-Oct-21 | SNOWMAN | Quarterly Results | 20-Oct-21 |
| HATHWAY | Quarterly Results | 20-Oct-21 | SUPPETRO | Interim Dividend;Quarterly Results | 20-Oct-21 |
| HAVELLS | Interim Dividend;Quarterly Results | 20-Oct-21 | SURYALAXMI | Quarterly Results | 20-Oct-21 |
| JUBLFOOD | Quarterly Results | 20-Oct-21 | SYNGENE | Quarterly Results | 20-Oct-21 |
| JUSTDIAL | General;Quarterly Results | 20-Oct-21 | TAJGVK | Quarterly Results | 20-Oct-21 |
| L&TFH | Quarterly Results | 20-Oct-21 | TATACOMM | Quarterly Results | 20-Oct-21 |
| MAYUKH | Quarterly Results | 20-Oct-21 | TATASTLLP | Audited Results;Quarterly Results | 20-Oct-21 |
| MENONBE | Interim Dividend;Quarterly Results | 20-Oct-21 | TEJASNET | Quarterly Results | 20-Oct-21 |
| MFSINTRCRP | General;Quarterly Results | 20-Oct-21 | TINNARUBR | Quarterly Results | 20-Oct-21 |
| MOSCHIP | Quarterly Results | 20-Oct-21 | TTL | Quarterly Results | 20-Oct-21 |
| NAVIGANT | Half Yearly Results | 20-Oct-21 | WANBURY | Quarterly Results | 20-Oct-21 |
| RELICTEC | Quarterly Results | 20-Oct-21 | ZGAEKWAR | A.G.M.;General | 20-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. – 10.00 |
| RCF | 20-Oct-21 | Final Dividend – Rs. – 1.7800 | MISHTANN | 21-Oct-21 | Interim Dividend – Rs. – 0.0020 |
| ACCELYA | 21-Oct-21 | Final Dividend – Rs. – 17.00 | RKFORGE | 21-Oct-21 | Interim Dividend – Rs. – 0.50 |
| BEPL | 21-Oct-21 | Interim Dividend – Rs. – 1.00 | STARHFL | 21-Oct-21 | E.G.M. |
| HCLTECH | 21-Oct-21 | Interim Dividend – Rs. – 10.00 | 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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