The NIFTY opened at 17110.90 with a gap up of 94 points. Prices moved further higher but soon found resistance and turned down after recording its intraday high at 17176.45. Prices have seen a sharp intraday fall and went below 17000 by erasing all the gains. The index found support around 16950 and moved up after recording its intraday low at 17942.35. Another decline came and the prices have recovered in the last 30 minutes of trading. The index finally closed at 17007.40 with a loss of just 8.90 points or 0.05% down. OIL GAS outperformed today by ending 1.13% up followed by IT, and FMCG which ended up by 0.97% & 0.64% respectively. BANK and FINANCIAL under performed today and led the bears. It was the fifth consecutive trading day when the index recorded a lower closing tick. The short-term trend is down. A strong support zone is visible around 16800 – 17000. Previous support at 17200 should now act as resistance. The INDIA VIX, a benchmark index for volatility is now moving around 22 suggesting volatility is very high which is unfavourable for the bulls. A move below 20 will be the first sign of a stable market. We should now wait for prices to form a consolidation. Till then avoid trading the index.


The BANK NIFTY opened at 38811.70 with a gap up of 150 points. The index moved further on the upside but soon the rally fizzled out and prices moved lower after recording its intraday high at 39050.50. Prices have found intraday support around 38500 and turned up but later formed a trading range that eventually broke on the down side. A sharp decline came, and prices recorded its intraday low at 38184.90. The index then bounced up in the last 30 minutes of trading and finally closed at 38520.05 with a loss of 141 points. PVT and PSU BANKS both indices have performed almost the same today, saw a mild decline, and closed lower by 0.40% & 0.21% respectively. Within the index, in terms of points, FEDERAL BANK contributed the highest on the upside while KOTAK BANK contributed the lowest. BANK NIFTY moved very volatile today and closed lower for the fifth consecutive trading day. A gap-up opening did not sustain, and prices have spent most of the time moving in to negative territory. The short-term trend is down. Support is now visible at around 38000 while resistance is visible at around 39500. As we have mentioned yesterday, we should wait for this decline to be stopped and then form some kind of consolidation. As of now, we should avoid trading the index and wait for an adequate set up to emerge.


TITAN 2600.35 SELL The stock has given the breakdown on the intraday as well as the daily chart. The stock can be sold at 2583.75 with a stop loss of 2611.70 and for the target of 2528.05.
CIPLA 1098.70 BUY The stock has given the breakout on the intraday as well as the daily chart. The stock can be bought at CMP with a stop loss of 1088 and for the target of 1122.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SBI LIFE (27 OCT) 1200 (PE) BUY 26 CMP 21.30 35.40 BREAK DOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IGL.22.09 Sep 423.1 6.99 3.28 10434875 SIEMENS.22.09 Sep 2724.9 -1.54 2.44 1291400
LICHSGFIN.22.09 Sep 396.95 0.76 2.23 10078000 SBILIFE.22.09 Sep 1245.05 -1.06 7 4972500
                                                                        Short Covering                                                                       Long Unwinding
MGL.22.09 Sep 850.55 6.51 -22.67 1672800 IBULHSGFIN.22.09 Sep 113.35 -4.22 -34.89 8840000
GUJGASLTD.22.09 Sep 515.6 6.28 -37.02 2558750 HEROMOTOCO.22.09Sep 2635.8 -3.28 -33.85 1143900
MUTHOOTFIN.2209Sep 1010.5 5.82 -37.65 2920500 MCX.22.09 Sep 1201.5 -2.89 -12.56 1924800
NAUKRI.22.09 Sep 3889 4.49 -46.13 527625 CANFINHOME.22.09 Sep 463.55 -2.83 -27.96 2014350
INDHOTEL.22.09 Sep 327.65 3.8 -9.4 13296732 BHARATFORG.22.09 Sep 706.25 -2.52 -29.53 2933000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Ipca Laboratories Ltd. 944.05 1.72 378393 0 75.46 Nifty50 15989.8 1.13 77082
Oracle Fin Serv Soft Ltd 3095 1.43 46283 0 69.88 Niftybank 34324.25 1.5 77082
Gujarat State Petronet l 227.2 0.33 1123636 0 69.68 Nifty it 28007.6 1.13 77082
Ambuja Cements Ltd 368.25 0.44 2209031 0 69.41 India Vix 20.27 -2.5 77082
Infosys Limited 1491.65 1.06 5209162 0 69.18 Nifty Fmcg 40740.15 2.64 77082
Honeywell Auto India Ltd 34787.95 5.47 8072 0 68.48 Nifty Pharma 12331.15 0.8 77082
Ultratech Cement Limited 5828.05 1.71 371948 0 67.03 Nifty Realty 400.75 2.27 77082
Icici Bank Ltd. 725.95 0.9 12163533 0 67.01 Nifty Auto 11952.2 2.6 77079
Kotak Mahindra Bank Limi 1704.5 2.49 5572949 0 66.56 Nifty Metal 4665.3 0.03 77079
Hindustan Unilever Ltd 2498.4 4.03 4770394 0 65.58 Nifty Financial Services 15980.25 1.6 77088


   Domestic                                                                                                                                                  International
INR: Interest Rate Decision on 30th September, 2022

INR: RBI MPC Meeting Minutes on 30th September, 2022

 USD: Pending Home Sales (MoM) (Aug) on 28th September, 2022

USD: Fed Chair Powell Speaks on 28th September, 2022


  • Benchmark indices ended on flat note in the highly volatile market on September 27. At Close, the Sensex was down 37.70 points or 0.07% at 57,107.52, and the Nifty was down 8.90 points or 0.05% at 17,007.40. About 1836 shares have advanced, 1483 shares declined, and 125 shares are unchanged. Cipla, Tata Consumer Products, BPCL, Power Grid Corporation and Shree Cements were among the top gainers on the Nifty. Losers included Hero MotoCorp, Adani Ports, Titan Company, Tata Steel and Kotak Mahindra Bank. Selling was seen in capital goods, power, auto, metals and financial names, while buying was seen in pharma, oil & gas, FMCG and IT names.

  • Nazara Technologies Ltd. declined after the Tamil Nadu cabinet approved an ordinance to ban online gaming, involving betting, in the state. The stock of the online gaming platform fell as much as 4% intraday on Tuesday, and is on course to log losses for the third session in a row. Over the last three days, the scrip has dropped more than 12%.

  • The 10-year bond yield rallied for the second straight session on Tuesday, defying a broader selloff in Asia, amid a fall in crude and bets on the inclusion in the global bond indices At 12.25pm, the 10-year bond yield was trading at 7.299 percent, down 6 basis points from its previous close of 7.359 percent

  • India’s power ministry is proposing a nearly $2.5 billion incentive plan to encourage domestic manufacturing of grid-scale batteries, aiming at bringing down the cost of energy storage to speed up its energy transition.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
CHITRTX General 28-Sep-22 FEDDERELEC Quarterly Results;General 01-Oct-22
GAL Rights Issue 28-Sep-22 GOYALASS General 01-Oct-22
GUJINV General 28-Sep-22 TTFL General 01-Oct-22
ITI Preferential Issue of shares 28-Sep-22 DHANADACO General 03-Oct-22
KINGSINFR General 28-Sep-22 GETALONG General 03-Oct-22
MODIS Bonus issue 28-Sep-22 ROJL General 03-Oct-22
ORISSAMINE General 28-Sep-22 SARDAPPR Preferential Issue of shares;General 03-Oct-22
PHYTO General 28-Sep-22 PUNITCO Increase in Authorised Capital;Bonus issue 04-Oct-22
ROLTA Audited Results 28-Sep-22 YUG General 04-Oct-22
SPANDANA General 28-Sep-22 CRSTCHM General 07-Oct-22
THOMASCOOK Dividend on Preference Shares 28-Sep-22 GLCL Quarterly Results;Audited Results 10-Oct-22
ANJANIFOODS Stock  Split 29-Sep-22 MEFCOMCAP Stock  Split 10-Oct-22
BSELINFRA General 29-Sep-22 SUPREMEINF Quarterly Results 11-Oct-22
GOACARBON Right Issue of Equity Shares;General 29-Sep-22 INFY Quarterly Results;Audited Results;Interim Dividend 13-Oct-22
INDINFR General 29-Sep-22 BAJAJ-AUTO* Quarterly Results 14-Oct-22
JAINCO General 29-Sep-22 SHREECEM Quarterly Results 14-Oct-22
KAARYAFSL General 29-Sep-22 HDFCBANK Quarterly Results 15-Oct-22
MPL General 29-Sep-22 NESTLEIND Quarterly Results 19-Oct-22
SAPPL Right Issue of Equity Shares;Rights Issue 29-Sep-22 PERSISTENT Quarterly Results;General 19-Oct-22
HERITGFOOD Right Issue of Equity Shares;General 30-Sep-22 LAXMIMACH Quarterly Results 20-Oct-22
INTETHR A.G.M. 30-Sep-22 RKFORGE Quarterly Results;General;Interim Dividend 21-Oct-22
MACKINN Quarterly Results 30-Sep-22 ICICIBANK Quarterly Results 22-Oct-22
MDRNSTL Quarterly Results 30-Sep-22 IDFCFIRSTB Quarterly Results 22-Oct-22
NAYSAA A.G.M. 30-Sep-22 TTKPRESTIG Quarterly Results 04-Nov-22
SAGARSOFT Quarterly Results 30-Sep-22 ENDURANCE Quarterly Results 07-Nov-22
SCANPRO A.G.M. 30-Sep-22 ABB Quarterly Results 11-Nov-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
EXCEL 28-Sep-22 Bonus issue 1:2 ACCELYA 06-Oct-22 Final Dividend – Rs. – 45.0000
EXCEL 28-Sep-22 Stock  Split From Rs.10/- to Rs.1/- AHLEAST 06-Oct-22 Bonus issue 1:2
PONDYOXIDE 28-Sep-22 Bonus issue 1:1 AHLEAST 06-Oct-22 Spin Off
RAMRAT 28-Sep-22 Bonus issue 1:1 INDINFR 06-Oct-22 Income Distribution (InvIT)
WESTLEIRES 28-Sep-22 Dividend – Rs. – 0.1000 SPAL 06-Oct-22 Buy Back of Shares
ALFAVIO 29-Sep-22 Dividend – Rs. – 0.0500 RUCHIRA 07-Oct-22 Bonus issue 1:10
THAMBBI 29-Sep-22 E.G.M. UNICK 10-Oct-22 E.G.M.
MAXIMUS 30-Sep-22 Stock  Split From Rs.10/- to Rs.1/- JAICORPLTD 20-Oct-22 Dividend – Rs. – 0.5000
JONJUA 03-Oct-22 Bonus issue 4:23 VGIL 20-Oct-22 Final Dividend – Rs. – 0.2000
MOTHERSON 03-Oct-22 Bonus issue 1:2 PGHH 04-Nov-22 Final Dividend – Rs. – 65.0000
LEHAR 04-Oct-22 E.G.M. GILLETTE 10-Nov-22 Final Dividend – Rs. – 36.0000

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