The NIFTY opened at 16993.60 with a big gap up of 135 points. Initially, the index moved higher but quickly found resistance and turned down after recording its intraday high at 17026.05. Prices have seen a sharp intraday fall. Minor rallies in between turned around quickly, and the index kept on declining. The gap was filled, and prices have recorded its intraday low at 16788.60. The index formed a consolidation towards the end of today’s trading session and finally closed at 16818.10 near its day lows with a loss of 40.50 points or 0.24% down. PHARMA and MEDIA outperformed today and closed higher by more than 1% followed by FMCG which ended 0.89% up. IT and FINANCIAL underperformed today and led the bears. The short-term trend is down. A gap-up opening did not sustain today. We have mentioned a strong support zone around 16800 – 17000. The index has been closing near this zone’s lower end for the past two days. The volatility is still very high and it will increase more tomorrow for the first half as the RBI Policy meet outcome is scheduled tomorrow. We may see a decline in volatility in the second half. As of now, we should wait for prices to find support and form a consoled at on. Till then avoid trading the index.
The BANK NIFTY opened at 38092.85 with a big gap up of 429 points. The index initially moved up but quickly found resistance and turned down after recording its intraday high at 38283.40. The decline continued for the whole day, prices filled the gap and then went into a process of consolidation. The index recorded its intraday low at 37536.65 and finally closed at 37701.35 without much of a change. PSU BANKS outperformed today and closed with a gain of 1.16%. PVT BANKS have underperformed today and closed lower by 0.21%. Within the index, in terms of points, AU BANK contributed the highest on the upside while ICICIBANK contributed the lowest. A gap-up opening did not sustain today, and prices have seen a sharp intraday fall. It was a trend day today but, on the downside, where prices have recorded its intraday high near the opening tick and intraday low near the closing tick. Support is now visible at around 37000 while resistance is visible at around 39500. The volatility is still very high, and it will increase more tomorrow for the first half as the RBI Policy meet outcome is scheduled tomorrow. We may see a decline in volatility in the second halt. We should wait for this decline to be stopped and then form some kind of consolidation.
|M&M||1258.35||BUY||The stock has been getting reversed on intraday as well as the daily chart. The stock can be bought at 1264 with a stop loss of 1247 and for the target of 1289.|
|Nestle INDIA||18979.15||BUY||The stock has given the breakout on the intraday as well as the daily chart. The stock can be bought at 19093 with a stop loss of 18953 and for the target of 19310.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|ASIAN PAINT (27 OCT)||3300 (PE)||BUY||81||CMP||65||111||BREAKOUT FAILURE|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ABBOTINDIA.22.09 Sep||19198||5.84||12.2||14720||ASIANPAINT.22.09 Sep||3390.6||-5||7.19||1553800|
|AUBANK.22.09 Sep||604||3.66||1.02||1588000||ADANIENT.22.09 Sep||3455||-2.49||24.28||4256500|
|SRF.22.09 Sep||2557||3.17||8.54||681375||TECHM.22.09 Sep||1006||-2.18||7.26||4734000|
|Short Covering||Long Unwinding|
|PVR.22.09 Sep||1762.55||5.82||-12.91||1024012||IDEA.22.09 Sep||8.4||-6.67||-8.87||3.63E+08|
|TATACHEM.22.09 Sep||1100.5||5.23||-7.58||1414000||AARTIIND.22.09 Sep||734.45||-6.14||-27.49||513400|
|IRCTC.22.09 Sep||709||5.2||-52.85||1057000||INTELLECT.22.09 Sep||513.15||-4.3||-59.74||186000|
|POLYCAB.22.09 Sep||2595.35||3.95||-34.15||128400||LALPATHLAB.22.09 Sep||2615||-3.21||-7.61||227750|
|ZYDUSLIFE.22.09 Sep||382.85||3.75||-1.79||2768400||DEEPAKNTR.22.09 Sep||2006.95||-3.17||-40.77||269500|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Pidilite Industries Ltd||2704.2||-2.37||781254||0||75.88||Niftybank||37647.75||-0.3||72423|
|Rec Limited||94.25||-1.46||8961104||0||74.75||Nifty it||26819.05||-0.92||72423|
|Larsen & Toubro Limited||1815.5||-1.09||2377605||0||69.51||India Vix||21.3||-3.61||72423|
|Hcl Technologies Ltd.||923.05||0.24||2928171||0||68.64||Nifty Fmcg||44356.25||0.89||72423|
|Infosys Limited||1401.5||0.49||6118025||0||68.4||Nifty Pharma||12874.3||1.33||72423|
|Tata Consultancy Serv Lt||2997.3||-1.26||2492397||0||67.01||Nifty Realty||415.8||0.37||72423|
|Bharat Electronics Ltd||99.15||0||73962954||0||66.7||Nifty Auto||12497.35||-0.32||72423|
|Abb Limited||2996.2||-0.45||291252||0||66.68||Nifty Metal||5645.95||0.5||72423|
|Samvardhana Motherson||105.8||-0.98||31415832||0||65.28||Nifty Financial Services||17123||-0.51||72423|
UPCOMING ECONOMIC DATA
|INR: Interest Rate Decision on 30th September, 2022
INR: RBI MPC Meeting Minutes on 30th September, 2022
| USD: Core PCE Price Index (MoM) (Aug) on 30th September, 2022
USD: ISM Manufacturing PMI (Sep) on 3rd October, 2022
Indian benchmark indices ended lower in the highly volatile session on September 29 ahead of Reserve Bank of India meeting. At Close, Sensex was down 188.32 points or 0.33% at 56,409.96, and the Nifty was down 40.50 points or 0.24% at 16,818.10. About 1775 shares have advanced, 1435 shares declined, and 102 shares are unchanged.
IT company HCL Group has acquired a majority stake in vernacular ed-tech platform GUVI which offers technical courses, the company said on Thursday. The IIT Madras and CIIE (IIM Ahmedabad) incubated company, GUVI offers technical courses such as Web Development, AI module, SQL, and various other courses created by industry experts in vernacular languages.
Gold rose by Rs 460 to Rs 49,960 per 10 gram in the national capital on Thursday amid a rally in prices of the precious metal in international market, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 49,500 per 10 gram. Silver also rallied by Rs 1,035 to Rs 56,230 per kg.
Housing sales have risen 49 per cent year-on-year to 83,220 units in the July-September period across eight major cities on pent up demand, despite rise in interest rates and property prices, according to PropTiger.com.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Meeting Date||Company Name||Purpose||Meeting Date|
|HERITGFOOD||Right Issue of Equity Shares;General||30-Sep-22||ANGELONE||Quarterly Results;Interim Dividend||13-Oct-22|
|INTETHR||A.G.M.||30-Sep-22||INFY||Quarterly Results;Audited Results;Interim Dividend||13-Oct-22|
|MDRNSTL||Quarterly Results||30-Sep-22||BAJAJ-AUTO*||Quarterly Results||14-Oct-22|
|MSUMI||Bonus issue||30-Sep-22||SHREECEM||Quarterly Results||14-Oct-22|
|SAGARSOFT||Quarterly Results||30-Sep-22||HDFCBANK||Quarterly Results||15-Oct-22|
|SCANPRO||A.G.M.||30-Sep-22||ICICIPRULI||Quarterly Results;Audited Results||15-Oct-22|
|FEDDERELEC||Quarterly Results;General||01-Oct-22||ICICIGI||Audited Results;Interim Dividend||18-Oct-22|
|ANURAS||General||03-Oct-22||NAVINFLUOR||Quarterly Results;Interim Dividend||19-Oct-22|
|HDIL||Quarterly Results;Audited Results||03-Oct-22||BAJFINANCE||Quarterly Results||20-Oct-22|
|NYKAA||Bonus issue||03-Oct-22||LAXMIMACH||Quarterly Results||20-Oct-22|
|SARDAPPR||Preferential Issue of shares;General||03-Oct-22||UTIAMC||Quarterly Results||20-Oct-22|
|PULSRIN||Increase in Authorised Capital;General||04-Oct-22||JSWSTEEL||Quarterly Results||21-Oct-22|
|PUNITCO||Increase in Authorised Capital;Bonus issue||04-Oct-22||RKFORGE||Quarterly Results;General;Interim Dividend||21-Oct-22|
|SIPTL||Right Issue of Equity Shares||04-Oct-22||ICICIBANK||Quarterly Results||22-Oct-22|
|THINKINK||Issue Of Warrants;General||04-Oct-22||IDFCFIRSTB||Quarterly Results||22-Oct-22|
|YUG||General||04-Oct-22||DABUR||Quarterly Results;Interim Dividend||26-Oct-22|
|WARDINMOBI||Right Issue of Equity Shares;Rights Issue;General||07-Oct-22||CENTRUM||Quarterly Results||10-Nov-22|
|GLCL||Quarterly Results;Audited Results||10-Oct-22||PRSMJOHNSN||Quarterly Results||10-Nov-22|
|MEFCOMCAP||Stock Split||10-Oct-22||ABB||Quarterly Results||11-Nov-22|
|GMBREW||Quarterly Results||11-Oct-22||NIRLON||Quarterly Results||11-Nov-22|
|SUPREMEINF||Quarterly Results||11-Oct-22||SONALAD||Quarterly Results||14-Nov-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|INSECTICID||30-Sep-22||Bonus issue 1:2||SPAL||06-Oct-22||Buy Back of Shares|
|MAXIMUS||30-Sep-22||Stock Split From Rs.10/- to Rs.1/-||ANSHNCO||07-Oct-22||Bonus issue 4:1|
|JONJUA||03-Oct-22||Bonus issue 4:23||RUCHIRA||07-Oct-22||Bonus issue 1:10|
|MOTHERSON||03-Oct-22||Bonus issue 1:2||UNICK||10-Oct-22||E.G.M.|
|SUZLON||03-Oct-22||Right Issue of Equity Shares||GREENCREST||12-Oct-22||Stock Split From Rs.10/- to Rs.1/-|
|YUG||03-Oct-22||Bonus issue 1:2||KAARYAFSL||12-Oct-22||Bonus issue 1:1|
|LEHAR||04-Oct-22||E.G.M.||NIKHILAD||12-Oct-22||Stock Split From Rs.10/- to Rs.1/-|
|MLINDLTD||04-Oct-22||Bonus issue 6:1||ANGELONE||20-Oct-22||Interim Dividend|
|MLINDLTD||04-Oct-22||Final Dividend – Rs. – 0.5000||JAICORPLTD||20-Oct-22||Dividend – Rs. – 0.5000|
|ACCELYA||06-Oct-22||Final Dividend – Rs. – 45.0000||VGIL||20-Oct-22||Final Dividend – Rs. – 0.2000|
|AHLEAST||06-Oct-22||Bonus issue 1:2||ICICIGI||27-Oct-22||Interim Dividend|
|AHLEAST||06-Oct-22||Spin Off||PGHH||04-Nov-22||Final Dividend – Rs. – 65.0000|
|INDINFR||06-Oct-22||Income Distribution (InvIT)||GILLETTE||10-Nov-22||Final Dividend – Rs. – 36.0000|
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