The Nifty opened at 17932.20 with a gap up of 79 points. The index first consolidated and recorded its intraday high at 17943.50. Prices then broke that consolidation on the downside. The index has seen a sharp decline, filled the gap up completely, and recorded its intraday low at 17802.90. Prices then again started moving up but that rally fizzled out quickly. The index again saw a consolidation in the last hour of trading and finally closed at 17855.10 almost at Friday’s closing price. The Realty sector continued its outperformance while the Auto also joined and gained 3%. The IT sector underperformed and closed with a loss of 2.88%. FMCG and Pharma also went down and ended with a loss of nearly 1%.

Nifty continued trading choppy and narrow for the second consecutive day. A gap up opening did not sustain, Prices have seen a sharp intraday decline and ended almost flat. Intraday bias was bearish. A short term support is visible around 17600 while psychological resistance is visible at 18000. A dip towards this support level will give us a buying opportunity.


Bank Nifty opened at 38054.75 with a big gap up of 271 points. The index recorded its intraday low at 37968.20 within the first 5 minutes of trading and then rallied further. Prices have seen a sharp up move for the first hour of trading and recorded its intraday high at 38355.20. PSU and Private Banks both have contributed and closed higher by half percent. Within the index, HDFC Bank contributed highest while Indusind Bank the lowest.

Bank Nifty outperformed the benchmark index Nifty as it has closed with gains while the Nifty ended flat. The gains came mainly due to a gap up and then rally till the first hour of trading. The index recorded lifetime new high and crossed the 38000 mark.


BAJAJ AUTO 3913 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 3870 and for the target 4000
AMARARAJA 762.8 BUY The stock has given a breakout from a narrow trading range. The stock can be sold at CMP with a stop at 755 and for the target 773


STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
EXIDE 185 CE BUY 2.8 CMP 1 5.5 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ASHOKLEY.21.09 Sep 130.8 2.47 24.78 50490000 PFIZER.21.09 Sep 5644.5 -1.27 19.84 246125
ONGC.21.09 Sep 140.3 2.82 21.42 49580300 APOLLOHOSP.21.09 Sep 4578.95 -3.43 17.02 2861500
TATACHEM.21.09 Sep 920 4 17.81 8534000 DEEPAKNTR.21.09 Sep 2447.4 -1.43 16.02 2423000
INDHOTEL.21.09 Sep 190 6 16.35 16122600 LT.21.09 Sep 1743.3 -1.37 15.65 11440200
FEDERALBNK.21.09 Sep 81.55 0.99 14.54 84440000 OFSS.21.09 Sep 4569.75 -2.85 14.27 513375
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
AARTIIND.21.09 Sep 937.95 2.46 -19.76 2377450 EICHERMOT.21.09 Sep 2881.05 -1.83 -16.77 3179050
ZEEL.21.09 Sep 320 0.34 -14.66 24576000 IDFCFIRSTB.21.09 Sep 46.9 -0.53 -15.57 122113000
AMARAJABAT.21.09 Sep 766 4.21 -11.68 4312000 APLLTD.21.09 Sep 789.2 -0.36 -12.64 1257850
EXIDEIND.21.09 Sep 182.15 1.48 -10.67 17985600 UBL.21.09 Sep 1555.65 -3.34 -12.6 1170400
TVSMOTOR.21.09 Sep 555.4 3.45 -8.62 4394600 NAVINFLUOR.21.09 Sep 3804.3 -2.47 -12.03 473850


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Prudential Life In 663.65 -1.46 1456389 1081584 72.23 Nifty Auto 10765.15 3.22 88650
Voltas Ltd. 1218.2 -0.86 739560 912666 72.02 Nifty Realty 516.3 2.99 88650
Marico Limited 547.5 -1.77 1578144 2010848 70.97 Nifty Media 2188.45 1.63 88650
Power Grid Corporation o 176 -0.09 3904237 3564744 67.01 Nifty Energy 22006.05 1.33 88650
Ultratech Cement Limited 7622.9 1.35 261520 224826 65.88 Nifty Bank 38171.25 0.9 88650
Icici Bank Ltd. 730 0.98 7712240 7743735 65.73 Nifty Metal 5504.45 0.11 88650
Britannia Ind Ltd. 4009.6 -0.82 248898 242197 64.83 Nifty 50 17855.1 0.01 88650
Oil & Natural Gas Corp 140 2.87 34196564 21776330 64.68 Nifty Fmcg 40720.6 -0.9 88650
Tata Consumer Products l 835.05 -0.2 1433229 1823876 64.08 Nifty Pharma 14156.7 -0.93 88650
Hindustan Unilever Ltd 2709.5 -1.35 1465932 1035955 63.35 Nifty it 36034.4 -2.88 88650


  Domestic                                                                                         International
INR: Infrastructure Output YoY Aug on 30th September, 2021

INR: Government Budget Value Aug on 30th September, 2021

•USD: CB Consumer Confidence (Sep) on 28th September, 2021

•USD: Pending Home Sales (MoM) (Aug) on 29th September, 2021


•Reliance Industries Ltd. is in talks to buy a stake in Indian mobile content provider Glance InMobi Pte, according to people familiar with the matter. The conglomerate is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google, the people said, asking not to be identified as the information is private. The transaction could be completed as soon as in the next few weeks, one of the people said.

•The U.S. drug regulator has flagged non-compliance with manufacturing and testing standards at Lupin Ltd.’s Goa facility that caters to the American market for the drugmaker. The formulations or the final drugmaking unit of the Mumbai-based company received seven observations, according to its exchange filing last week. It, however, didn’t disclose details.

•Ratings agency Icra on Monday revised up its 2021-22 real GDP growth estimate for India to 9 per cent from the earlier 8.5 per cent. A ramp-up in COVID-19 vaccination, healthy advance estimates of kharif (summer) crop and faster government spending were the factors which led to the revision, the agency said in a statement.

•Zee Entertainment Ent. said it will take “necessary action as per applicable law” amid demand for the ouster of Managing Director Punit Goenka by two institutional investors. Two investment firms — Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund) and OFI Global China Fund LLC, which together hold 17.88 per cent stake in ZEEL had earlier this month sought an extraordinary general meeting to remove Goenka and two independent directors Manish Chokhani and Ashok Kurien.

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


Company Name Purpose Ex-Date Company Name Purpose Ex-Date
AMTEKAUTO Audited Results 28-Sep-21 SHABCHM A.G.M. 29-Sep-21
PARMCOS-B General 28-Sep-21 SINDHUTRAD Quarterly Results 29-Sep-21
RAGHUSYN General 28-Sep-21 TECHNOFAB Quarterly Results 29-Sep-21
RELCAPITAL General 28-Sep-21 DHANVARSHA General 30-Sep-21
UNISON Bonus issue 28-Sep-21 ESHAMEDIA A.G.M. 30-Sep-21
EIS Voluntary Delisting of Shares 29-Sep-21 HINDEVER Stock  Split 30-Sep-21
GOKULAGRO Preferential Issue of shares 29-Sep-21 RELTD General 30-Sep-21
INDOWIND Right Issue of Equity Shares 29-Sep-21 SANTETX Issue Of Warrants 30-Sep-21
JAYATMA General;Scheme of Arrangement 29-Sep-21 SOFTSOL General 30-Sep-21
KINGSINFR General 29-Sep-21 VAICC A.G.M. 30-Sep-21
PANTH General 29-Sep-21 AMBITION Quarterly Results 01-Oct-21
PBAINFRA General 29-Sep-21 LOHIASEC Amalgamation 01-Oct-21


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BAJAJHCARE 28-Sep-21 Final Dividend – Rs. – 0.50 ECLERX 29-Sep-21 Buy Back of Shares
BAJAJHCARE 28-Sep-21 Special Dividend – Rs. – 0.50 GKP 29-Sep-21 Bonus issue 1:1
BAJAJHCARE 28-Sep-21 Stock  Split From Rs.10/- to Rs.5/- CLEDUCATE 30-Sep-21 Stock  Split From Rs.10/- to Rs.5/-
BAJAJHLDNG 28-Sep-21 Interim Dividend – Rs. – 90.00 UNIAUTO 30-Sep-21 Final Dividend – Rs. – 0.50

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