NIFTY:
The Nifty opened at 18439.90 with a gap up of just 21 points. Prices have first moved down and then quickly returned to record its intraday high at 18458.30. Bullish momentum fades out there and prices have started drifting downwards. A sharp decline of almost 240 points and prices have recorded its intraday low at 18209.35. Prices have seen minor upward correction in the last hour of trading and finally closed at 18266.6 with a loss of 152 points. All the sectoral indices have closed lower except Media. Realty and Metal have led the bears and ended with a loss of more than 2%.
Nifty opened on a flat note but saw a sharp intraday decline to close lower nearly 1%. Correction continued for the second consecutive trading day. Indices extended its downwards rally and were trading near days low. The correction made an attempt to hold 18200 which is acting as a short term support. If market is unable to sustain the level of 18200, it can witness correction till 17900-18000.
BANK NIFTY:
Bank Nifty opened at 39545.45 without much of a gap. The index first moved down and recorded its intraday low at 39292.8. Prices then started moving higher and recorded its intraday high at 39774.75. A consolidation begun afterwards and that broke on the downside. The index finally closed at 39518. PSU Banks have significantly outperformed and closed with a gain of 1.54%. Private Banks have drifted downwards and ended with a loss of 0.21%. Within the index, SBIN contributed highest while HDFC Bank the lowest.
Bank nifty continued trading volatile for the third consecutive day. The index has seen a plenty of sharp intraday moves in both the directions and ended on a flat note. A resistance is now visible around 40000 and support is visible around 38500.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| BHARTI AIRTEL | 708.45 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 699 and for the target 720 |
| ZEEL | 320.0 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 313 and for the target 335 |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| AXIS BANK | 810 CE | BUY | 22.4 | CMP | 17 | 30 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| INDUSTOWER.21.10 Oct | 305 | 3.18 | 45.88 | 17519600 | FINNIFTY.21.10 Oct | 18945 | -0.64 | 353.85 | 2360 | |
| PERSISTENT.21.10 Oct | 4226.95 | 0.61 | 18.42 | 325050 | JKCEMENT.21.10 Oct | 3202.1 | -3.62 | 37.02 | 112700 | |
| METROPOLIS.21.10 Oct | 2848.9 | 3.93 | 13.9 | 671800 | VOLTAS.21.10 Oct | 1253.2 | -3.74 | 27.06 | 2361500 | |
| TECHM.21.10 Oct | 1546.85 | 0.51 | 8.52 | 11723400 | ICICIPRULI.21.10 Oct | 635.3 | -3.97 | 22.21 | 5851500 | |
| ZEEL.21.10 Oct | 326.55 | 5.15 | 7.4 | 68316000 | NAVINFLUOR.21.10 Oct | 3542.75 | -8.45 | 20.4 | 914850 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| BANKNIFTY.21.10 Oct | 39677.3 | 0.11 | -7.48 | 1590575 | IRCTC.21.10 Oct | 4403.65 | -20.69 | -19.39 | 1940575 | |
| CONCOR.21.10 Oct | 678.95 | 1.76 | -2.19 | 8247951 | GODREJPROP.21.10 Oct | 2325 | -2.67 | -10 | 1907100 | |
| MINDTREE.21.10 Oct | 4786.15 | 0.6 | -2.12 | 2581200 | NIFTY.21.10 Oct | 18320 | -0.61 | -7.15 | 11143800 | |
| IDEA.21.10 Oct | 10.7 | 7 | -1.37 | 775250000 | HINDALCO.21.10 Oct | 515.45 | -3.27 | -6.75 | 23839200 | |
| LTI.21.10 Oct | 6970 | 1.58 | -1.12 | 634800 | NTPC.21.10 Oct | 147.1 | -1.64 | -6.6 | 64752000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Hdfc Ltd. | 2795.1 | -0.98 | 2106814 | 1417438 | 71.07 | Nifty Media | 2334.45 | 1.03 | 98616 | |
| Max Financial Services l | 979.5 | -0.15 | 2492736 | 1055895 | 70.55 | Nifty Bank | 39518.2 | -0.06 | 98616 | |
| Dr. Reddys Lab Ltd | 4753.9 | -1 | 316097 | 363273 | 67.31 | Nifty it | 36846.8 | -0.7 | 98616 | |
| Icici Lombard General In | 1504.4 | -1.62 | 844842 | 453817 | 67.25 | Nifty 50 | 18266.6 | -0.83 | 98616 | |
| Titan Company Limited | 2411.4 | -2.96 | 2868983 | 2335354 | 65.86 | Nifty Auto | 11493.3 | -1.15 | 98616 | |
| Power Grid Corporation o | 194.35 | -2.16 | 16432451 | 7815881 | 64.43 | Nifty Fmcg | 39696.35 | -1.34 | 98616 | |
| Crompton Greaves Consume | 454.2 | -2.46 | 2265457 | 1560199 | 62.74 | Nifty Pharma | 14177.35 | -1.44 | 98616 | |
| Bharat Petroleum Ltd | 441.1 | -2.64 | 6543463 | 3363623 | 62.26 | Nifty Energy | 24381.85 | -1.63 | 98616 | |
| Lupin Limited | 929.65 | -0.93 | 1305385 | 1055177 | 61.99 | Nifty Metal | 5974 | -2.06 | 98616 | |
| Infosys Limited | 1802.35 | -1.09 | 5876115 | 6341209 | 61.42 | Nifty Realty | 504.95 | -2.16 | 98616 | |
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: Philadelphia Fed Manufacturing Index (Oct) on 21st October, 2021
•USD: Initial Jobless Claims on 21st October, 2021 |
NEWS UPDATES
| •Vodafone Idea on Wednesday said that its board has opted for India’s telecom department’s four-year spectrum payment moratorium from October 2021 to September 2025. It is the first telco to accept the portion under Department of Telecom’s recently launched telecom relief package.
•Mahindra on Wednesday clocked 65000 bookings for the XUV700 in two weeks since its launch on October 7. The deliveries for the petrol variants will start from 30 October and diesel variant deliveries will begin from the last week of November. The bookings for the XUV700 SUV began on 7 October when the company received a total of 25,000 bookings in under an hour. On 8 October, the company received another 25,000 bookings in 2 hours. •Crisis-hit YES Bank has shown remarkable progress after its management was taken by the clutch of investors led by State Bank of India (SBI) last year and may take two more years to stabilise, said former SBI chairman Rajnish Kumar. •Jubilant Foodworks Ltd on Wednesday reported 58.11 per cent jump in consolidated net profit at Rs 119.82 crore for the second quarter ended September 30, 2021 aided by higher sales. The company, which operates popular fast food chains such as Domino’s Pizza and Dunkin’ Donuts among others in India, had posted a profit of Rs 75.78 crore in the same period last fiscal year, Jubilant Foodworks Ltd (JFL) said in a regulatory filing. Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| 20MICRONS | Quarterly Results | 21-Oct-21 | INDHOTEL | Quarterly Results;Rights Issue | 21-Oct-21 |
| 63MOONS | Quarterly Results | 21-Oct-21 | INDIAMART | Quarterly Results | 21-Oct-21 |
| ASIANPAINT | Interim Dividend;Quarterly Results | 21-Oct-21 | INDUSINDBK | General | 21-Oct-21 |
| ATFL | Quarterly Results | 21-Oct-21 | JSWSTEEL | Quarterly Results | 21-Oct-21 |
| BIOCON | General;Quarterly Results | 21-Oct-21 | JUBLINDS | Quarterly Results | 21-Oct-21 |
| BORORENEW | Quarterly Results | 21-Oct-21 | LEMONTREE | General;Quarterly Results | 21-Oct-21 |
| BPCL | Amalgamation;General | 21-Oct-21 | LICHSGFIN | General;Quarterly Results | 21-Oct-21 |
| CANFINHOME | General;Quarterly Results | 21-Oct-21 | LODHA | General;Quarterly Results | 21-Oct-21 |
| CGPOWER | Quarterly Results | 21-Oct-21 | MPHASIS | Audited Results | 21-Oct-21 |
| CIGNITI | Quarterly Results | 21-Oct-21 | RANEENGINE | Quarterly Results | 21-Oct-21 |
| CONCOR | Interim Dividend;Results | 21-Oct-21 | SOUTHBANK | Quarterly Results | 21-Oct-21 |
| HERITGFOOD | Interim Dividend;Quarterly Results | 21-Oct-21 | STLTECH | Quarterly Results | 21-Oct-21 |
| ICICIGI | Audited Results;Interim Dividend | 21-Oct-21 | TANLA | Quarterly Results | 21-Oct-21 |
| IDBI | Quarterly Results | 21-Oct-21 | TRIDENT | Interim Dividend;Quarterly Results | 21-Oct-21 |
| IEX | Bonus issue;Quarterly Results | 21-Oct-21 | TVSMOTOR | Quarterly Results | 21-Oct-21 |
| IIFLSEC | Quarterly Results | 21-Oct-21 | VSTIND | Quarterly Results | 21-Oct-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| 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/- |
| MINDTREE | 21-Oct-21 | Interim Dividend – Rs. – 10.00 | INDOUS | 22-Oct-21 | E.G.M. |
| MISHTANN | 21-Oct-21 | Interim Dividend – Rs. – 0.0020 | INEOSSTYRO | 22-Oct-21 | Special Dividend – Rs. – 192.00 |
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