NIFTY:
The Nifty opened at 17810.55 with a big gap up of 164 points. The index first consolidated and recorded its intraday low at 17763.8. That consolidation broke on the upside. Prices have seen an intraday rally of almost 50 points and recorded its intraday high at 17857.55. The index did not sustain long around these highs and started drifting downwards. Prices have seen a decline of more than 50 points towards the end of the trading session and finally closed at 17790.35 with a gain of 144.35 points. All the sectoral indices have seen an upside more and closed higher. AUTO and Metal led the bulls and closed higher by 6.16% and 4.39% respectively. FMCG and Financials have contributed the least and closed with marginal gains.
The Nifty traded in a narrow range after opening with a big gap up. The intraday range was about 94 points and the index ended just below 17800. Randomness is seen in the market. A range is also visible of 17450 – 17950.The index has rallied about 2000 points in the last 2 months without much correction. Prices do not move in a straight line. They consolidate or correct.
BANK NIFTY:
Bank Nifty opened at 37894 with a big gap up of 415 points. The index first moved down and recorded its intraday low at 37650.25. Prices then started moving higher and recorded its intraday high at 37923.65. The index consolidated around that range and closed with a gain of more than 200 points. Private and PSU Banks have seen an upside move and closed higher by 1.07% and 0.64% respectively. Within the index, ICICI Bank contributed highest while HDFC Bank the lowest.
A trading range inside 37000-38000 remained intact. Prices have opened with a gap up and closed higher.
TECHNICAL PICKS
| COMPANY | CMP | B/S | RATIONALE |
| SUNPHARMA | 823 | BUY | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 815 and for the target 833 |
| GAIL | 159.65 | SELL | The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 163 and for the target 155 |
DERIVATIVE PICKS
| STOCK OPTION | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
| EXIDE | 185 CE | BUY | 7.95 | CMP | 6 | 10.5 | OI increase |
| Long Buildup | Short Buildup | |||||||||
| Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
| CIPLA.21.10 Oct | 919.8 | 0.56 | 17 | 11950900 | INDUSTOWER.21.10 Oct | 301 | -3.37 | 31.26 | 15694000 | |
| TATAMOTORS.21.10 Oct | 380.2 | 13.07 | 16.92 | 107949450 | ALKEM.21.10 Oct | 3940 | -0.2 | 12.82 | 471600 | |
| ULTRACEMCO.21.10 Oct | 7393.95 | 0.14 | 14.72 | 2003900 | DALBHARAT.21.10 Oct | 2095.9 | -0.24 | 7.66 | 295250 | |
| BATAINDIA.21.10 Oct | 1957.6 | 7.02 | 14.08 | 2072400 | HINDUNILVR.21.10 Oct | 2671.15 | -0.33 | 7.38 | 5799000 | |
| IPCALAB.21.10 Oct | 2351.4 | 3.44 | 13.37 | 776475 | NESTLEIND.21.10 Oct | 19085.05 | -0.77 | 7.23 | 292250 | |
| Short Covering | Long Unwinding | |||||||||
| Stocks | Price | Price% | OI% | OI | Stocks | Price | Price % | OI % | OI | |
| BANKNIFTY.21.10 Oct | 37907.6 | 0.75 | -6.6 | 1773075 | ONGC.21.10 Oct | 161.2 | -4.3 | -4.9 | 57388100 | |
| AUBANK.21.10 Oct | 1211 | 0.47 | -3.54 | 4461000 | PNB.21.10 Oct | 39.85 | -0.5 | -1.16 | 304848000 | |
| GODREJCP.21.10 Oct | 1034 | 1.49 | -3.06 | 5162000 | NATIONALUM.21.10 Oct | 96.8 | -0.26 | -0.75 | 100810000 | |
| IBULHSGFIN.21.10 Oct | 244.75 | 1.35 | -3.05 | 40554200 | DEEPAKNTR.21.10 Oct | 2888.5 | -0.3 | -0.69 | 2741500 | |
| MCDOWELL-N.21.10 Oct | 906 | 3.32 | -2.87 | 15116250 | JINDALSTEL.21.10 Oct | 408.95 | -0.54 | -0.33 | 39980000 | |
TOP DELIVERY PERCENTAGE
| Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
| Sectors | Price | Change % | Quantity | |||||||
| Alembic Pharmaceuticals | 777.9 | -0.1 | 214567 | 604382 | 80.03 | Nifty Realty | 532.65 | 6.16 | 83490 | |
| Icici Lombard General In | 1548.55 | -0.32 | 576382 | 821218 | 73.72 | Nifty Auto | 11031.8 | 4.39 | 83490 | |
| Nestleind | 19045.65 | -0.58 | 47695 | 49471 | 68.13 | Nifty it | 35703.85 | 1.79 | 83490 | |
| Hdfc Bank Ltd. | 1610.5 | -0.27 | 5632862 | 6227027 | 66.95 | Nifty Media | 2234.4 | 0.95 | 83490 | |
| Infosys Limited | 1691 | 1.04 | 5476108 | 2859420 | 66.94 | Nifty 50 | 17790.35 | 0.82 | 83490 | |
| Maruti Suzuki India Ltd | 7492.5 | 4.07 | 1646727 | 476939 | 65.63 | Nifty Pharma | 14562.2 | 0.69 | 83490 | |
| Kotak Mahindra Bank Limi | 1952.45 | -0.17 | 2222130 | 1953091 | 65.56 | Nifty Bank | 37753.2 | 0.62 | 83490 | |
| Hdfc Ltd. | 2727 | -0.87 | 2247842 | 2347027 | 65.46 | Nifty Metal | 5659.95 | 0.58 | 83490 | |
| Icici Bank Ltd. | 702.2 | 1.84 | 10041549 | 8588736 | 65.06 | Nifty Fmcg | 40226.4 | 0.15 | 83490 | |
| Alkem | 3909.85 | -0.66 | 344171 | 95810 | 63.23 | Nifty Energy | 23804.4 | -0.39 | 83490 | |
UPCOMING ECONOMIC DATA
| Domestic International | |
| INR: RBI Interest Rate Decision on 8th October, 2021
INR: Deposit and Loan Growth Rate on 8th October, 2021 |
•USD: Unemployment Rate (Sep) on 8th October, 2021
•USD: Nonfarm Payroll on 8th October, 2021 |
NEWS UPDATES
| •Speculation is rise in Tamil Nadu about a possible takeover of Ford India unit at Maraimalai Nagar in Chennai, after Tata Group conducted two rounds of high-level talks with Tamil Nadu (TN) Chief Minister (CM) M K Stalin within a span of two weeks. On Wednesday, Tata Sons Chairman N Chandrasekaran met Stalin and state Industries Minister Thangam Thennarasu.
•The National Company Law Tribunal (NCLT) on Thursday adjourned the hearing on Invesco’s petition seeking convening of shareholders’ meet by Zee Entertainment Enterprises Ltd (ZEEL), saying it will wait for the appellate tribunal’s order related to the matter. The hearing was adjourned for Friday little over an hour after the National Company Law Appellate Tribunal (NCLAT) said it will pass an order later in the day in connection with the matter. •Emami Agrotech, the edible oil and bio-diesel arm of the diversified group, is eyeing a turnover of Rs 25,000 crore by 2025 on higher volumes. The company is looking to close the current financial year 2021-2022 with a turnover of around Rs 20,000 crore; in FY 2020-2021, it had clocked in a turnover of Rs 12,000 crore. •Fitch Ratings has cut India’s economic growth forecast to 8.7 per cent for the current fiscal but raised GDP growth projection for FY23 to 10 per cent, saying the second COVID-19 wave delayed rather than derail the economic recovery. In its APAC Sovereign Credit Overview, Fitch Ratings said India’s ‘BBB-/Negative’ sovereign rating “balances a still-strong medium-term growth outlook and external resilience from solid foreign- reserve buffers, against high public debt, a weak financial sector and some lagging structural factors”. Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint |
BOARD MEETINGS
| Company Name | Purpose | Ex-Date | Company Name | Purpose | Ex-Date |
| BESTAGRO | General | 08-Oct-21 | TCS | Interim Dividend;Quarterly Results | 08-Oct-21 |
| CGVAK | General | 08-Oct-21 | UDAYJEW | General | 08-Oct-21 |
| EARUM | Stock Split | 08-Oct-21 | INDOUS | Interim Dividend;Bonus issue;Pref. Issue | 09-Oct-21 |
| ECORECO | Quarterly Results | 08-Oct-21 | POLYCHMP | Preferential Issue of shares | 09-Oct-21 |
| ICSL | Quarterly Results | 08-Oct-21 | SANTETX | Issue Of Warrants | 09-Oct-21 |
| KANELIND | Quarterly Results | 08-Oct-21 | SHINDL | Quarterly Results | 09-Oct-21 |
| MISHTANN | Interim Dividend;Quarterly Results | 08-Oct-21 | SLSTLQ | Audited Results | 09-Oct-21 |
| NATURAL | Quarterly Results | 08-Oct-21 | TEXRAIL | General;Right Issue of Equity Shares | 09-Oct-21 |
| PARSHVA | General | 08-Oct-21 | VAKRANGEE | Quarterly Results | 09-Oct-21 |
| PRISMX | Stock Split;General | 08-Oct-21 | YASHO | Preferential Issue of shares | 09-Oct-21 |
| SIPTL | Quarterly Results | 08-Oct-21 | ZGAEKWAR | A.G.M.;Quarterly Results | 09-Oct-21 |
| SUNRETAIL | Half Yearly Results | 08-Oct-21 | ALKASEC | General | 11-Oct-21 |
CORPORATE ACTION
| Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
| DCMSRMIND | 08-Oct-21 | Stock Split From Rs.10/- to Rs.2/- | DHANVARSHA | 13-Oct-21 | Stock Split From Rs.10/- to Rs.2/- |
| ASIANTILES | 11-Oct-21 | Final Dividend – Rs. – 0.50 | INFRATRUST | 13-Oct-21 | Income Distribution (InvIT) |
| GENSOL | 11-Oct-21 | Bonus issue 1:3 | JTLINFRA | 13-Oct-21 | Stock Split From Rs.10/- to Rs.2/- |
| MANINFRA | 13-Oct-21 | Interim Dividend – Rs. – 1.2600 | LANCER | 13-Oct-21 | Bonus issue 2:1 |
| ADVITIYA | 13-Oct-21 | Bonus issue 44100 | SRF | 13-Oct-21 | Bonus issue 4:1 |
| BNRSEC | 13-Oct-21 | E.G.M. | NORBTEAEXP | 14-Oct-21 | E.G.M. |
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