The Nifty opened at 17531.9 with a gap down of 87 points. Prices fell further on the downside for the next one hour of trading and recorded its intraday low at 17452.90. The decline did not sustain afterward and prices have seen a sharp rally of almost 100 points to record its intraday high at 17557.15. Prices fell again from that high to almost its intraday low. All this happened in the first half while in the second half, the index again rose almost 100 points and finally closed at 17532.05 near the opening tick with a loss of 86 points. The Media and Pharma sectors outperformed and closed higher by nearly 1%. Realty underperformed the most and ended with a loss of 1.51%. Banks, Financials and IT also contributed to the downside. Nifty continued its lower closing streak for the fourth consecutive day and ended lower. The index continued to be volatile as we have seen four moves of 100 points, two were on the downside and two of them on the upside.
We have identified support around 17600 in the Nifty. The index broke down from this support decisively with a gap down opening and remained lower for the whole day.
Bank Nifty opened at 37140.40 with a big gap down of 271 points. The index initially went further on the downside and recorded its intraday low at 36873.35. Prices have recorded quickly and then started moving on the upside. Intraday movement was very volatile. Index recorded intraday high at 37299.40 and closed at 37225. PSU Banks have continued its outperformance and closed with a gain of 0.71%. On the other hand, Private Banks continued its underperformance and closed lower by 0.56%. Within the index, Bandhan Bank contributed highest while Federal Bank the lowest.
A short term support around 37300 broke down decisively. However prices managed to closed around that level.
|TVS MOTOR||563.95||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 555 and for the target 580|
|AMARARAJ||766.8||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 758and for the target 782|
|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|JSWSTEEL.21.10 Oct||676.2||1.02||10414.37||45422100||ICICIBANK.21.10 Oct||695.15||-0.97||6737.04||81224000|
|ADANIPORTS.21.10 Oct||738.3||0.25||7282.93||88687500||HDFC.21.10 Oct||2719.8||-1.31||6099.71||12870600|
|IBULHSGFIN.21.10 Oct||235.7||1.86||5370||37305400||CHOLAFIN.21.10 Oct||561.5||-0.63||5032.37||11098750|
|CUB.21.10 Oct||159.1||0.76||4915.09||8239800||TORNTPOWER.21.10 Oct||504.05||-0.38||4928||3771000|
|IPCALAB.21.10 Oct||2422.55||0.55||4813.04||508500||MPHASIS.21.10 Oct||3042.65||-2||4897.04||2192450|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hindustan Unilever Ltd||2704.05||0.08||956111||1156691||71.39||Nifty Pharma||14587.65||0.84||44337091|
|Tata Consultancy Serv Lt||3730.2||-1.2||1578374||1546273||68.65||Nifty Media||2154.3||0.75||300171440|
|Hdfc Life Insurance Comp||729.45||0.98||1852758||2143789||66.25||Nifty Energy||23000.2||0.62||2129203|
|Britannia Ind Ltd.||3921.1||-0.71||181917||142975||65.74||Nifty Metal||5638.8||0.49||114573271|
|Hero Motocorp Limited||2847.95||0.55||329726||598329||65||Nifty Auto||10596.95||-0.01||60924953|
|Icici Lombard General In||1582.55||-0.44||953316||476361||64.97||Nifty Fmcg||40399||-0.07||466612|
|Ambuja Cements Ltd||402.25||0.51||4662848||6008319||64.52||Nifty 50||17532.05||-0.49||36784861|
|Hcl Technologies Ltd.||1273.75||-0.45||3372796||2297485||64||Nifty Bank||37225.9||-0.53||17331897|
|Colgate Palmolive (india||1687.8||1.1||225346||211208||63.58||Nifty it||34780.6||-0.71||1012346|
|Maruti Suzuki India Ltd||7162.3||-2.4||901588||386633||61.79||Nifty Realty||506.05||-1.51||1263841062|
UPCOMING ECONOMIC DATA
|INR: Preliminary Trade Balance (Sep) on 4th October, 2021
INR: Nikkei Services PMI (Sep) on 5th October, 2021
|•USD: Factory Orders (MoM) (Aug) on 4th October, 2021
•USD: ISM Non-Manufacturing PMI (Sep) on 5th October, 2021
•Anurag Mehrotra, who till recently was heading Ford India’s India operations as its managing director, has joined Tata Motors as vice president international business and strategy of the commercial vehicle business unit. A Tata Motors spokesperson confirmed. Following the restructuring announced by Ford, Mehrotra, 48, resigned from the firm on September 24. Ford is shutting down the manufacturing and sales of Ford’s existing range of cars as part of the restructuring.
•TVS Motor Company on Friday reported a six per cent increase in total sales at 3,47,156 units for September. The company had dispatched a total of 3,27,692 units in the same month last year, TVS Motor Co said in a regulatory filing. Total two-wheeler sales were up 6 per cent at 3,32,511 units last month, against sales of 3,13,332 units in September 2020, it added.
•ITC Hotel is set to launch a destination-led luxury brand called Mementos adding to its bouquet of five brands including the recently announced Storii. Mementos would be aimed at addressing the need for boutique luxury hotels across various destinations. The launch of the two new brands– Storii as a premium and Mementos, as a luxury one, is in line with the larger strategy of the hotel chain to offer a differentiated experience to the travellers, Anil Chadha, divisional chief executive, ITC Hotels.
•Reliance Retail Ventures Limited (RRVL), the retail arm of Reliance Industries, has extended the long-stop date for completion of its ₹24,713 crore deal with Future Group by another six months to 31 March next year in view of the long-drawn-out legal battle with Amazon.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|CALCOM||Quarterly Results||04-Oct-21||STARHFL||Preferential Issue of shares||05-Oct-21|
|MANINFRA||Bonus issue;Interim Dividend||04-Oct-21||RACE||General||06-Oct-21|
|ASL||Increase in Authorised Capital||05-Oct-21||MEDICO||Bonus issue;Increase in Auth. Capital||07-Oct-21|
|BETALA||Quarterly Results||05-Oct-21||SYLPH||Quarterly Results||07-Oct-21|
|LINCOPH||General||05-Oct-21||MISHTANN||Quarterly Results; Interim Dividend||08-Oct-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ALPHALOGIC||05-Oct-21||Stock Split From Rs.10/- to Rs.5/-||ASIANTILES||11-Oct-21||Final Dividend – Rs. – 0.5000|
|ANUPAM||06-Oct-21||Stock Split From Rs.10/- to Rs.1/-||GENSOL||11-Oct-21||Bonus issue 1:3|
|AFFLE||07-Oct-21||Stock Split From Rs.10/- to Rs.2/-||ADVITIYA||13-Oct-21||Bonus issue 44:10|
|INDSOYA||07-Oct-21||Stock Split From Rs.10/- to Rs.5/-||DHANVARSHA||13-Oct-21||Stock Split From Rs.10/- to Rs.2/-|
|UNISON||07-Oct-21||Bonus issue 4:1||JTLINFRA||13-Oct-21||Stock Split From Rs.10/- to Rs.2/-|
|DCMSRMIND||08-Oct-21||Stock Split From Rs.10/- to Rs.2/-||LANCER||13-Oct-21||Bonus issue 2:1|
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