The NIFTY opened at 19521.85 with a gap up of 85 points. The index initially moved sideways which later broke on the downside and prices have started drifting downwards. Prices found support before filling up the gap and bounced up after recording its intraday low at 19487.30. A sharp rally came which took prices to its intraday high at 19576.95. The index could not move much higher and spent the second half moving inside a narrow range. Prices have finally closed at 19545.75 with a gain of 109.65 points or 0.56% up. MEDIA and IT outperformed and ended with a gain of over 1% followed by AUTO, BANK, and FINANCIAL. PHARMA, FMCG, and METAL underperformed and ended with a loss. The short-term trend is down which was sideways before. The index recovered all the losses that came yesterday. Support is visible around 19250 while resistance is visible around 19700.


The BANK NIFTY opened at 44181.35 with a big gap down of 188 points. The index initially moved sideways which later broke on the downside. A decline came but prices found support sooner and bounced up after recording its intraday low at 44108.30. A sharp rally came and took prices to its intraday high at 44391.85. However, prices could not move much higher and again started a consolidation process which lasted till the end. The index finally dosed at 44208.35 with a gain of 215 points. PSU BANK underperformed, saw a mild down move, and ended with a loss of 0.51%. PVT BANK outperformed, saw a mild upside move, and ended with a gain of 0.38%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while PNB contributed the least. The short-term trend is down which was sideways before. As mentioned in our previous letter, the support is visible around 44000 while the resistance is visible around 45000.


INDIGO 2473.40 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 2479.45 with a stop loss of 2447.35 and a target of 2544.10.
TATA COMM 1850.30 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1850.00 with a stop loss of 1864.00 and a target of 1810.05.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BSOFT.23.10 Oct 514.9 4.1 1.27 8312000 MARICO.23.10 Oct 544.9 -5.06 8.33 12829200
INDIGO.23.10 Oct 2485.4 3.79 2.38 4282500 NAVINFLUOR.23.10 Oct 3710.9 -3.54 2.76 1244250
SUNTV.23.10 Oct 635.15 3.63 8.29 9049500 PNB.23.10 Oct 77.3 -3.44 3.35 288896000
MFSL.23.10 Oct 916.6 3.1 9.55 8964800 RBLBANK.23.10 Oct 243.1 -2.93 2.36 58800000
MCDOWELL-N.23.10 Oct 1016 2.56 1.01 10046400 OBEROIRLTY.23.10 Oct 1094.25 -2.57 10.91 7585200
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NAUKRI.23.10 Oct 4222.85 3.5 -3 1551600 BANDHANBNK.23.10 Oct 249.85 -1.96 -1.54 65737500
INDHOTEL.23.10 Oct 419.5 2.96 -2.58 19650000 GRANULES.23.10 Oct 354.65 -1.57 -0.66 10878000
IEX.23.10 Oct 133.7 2.81 -0.37 59872500 MANAPPURAM.23.10Oct 140.7 -1.44 -3.13 71400000
LT.23.10 Oct 3101.5 2.41 -2.68 9044700 RECLTD.23.10 Oct 280.8 -1.39 -0.14 57952000
IRCTC.23.10 Oct 723.05 2.16 -2.39 11577125 POLYCAB.23.10 Oct 5267.3 -1.35 -0.21 2419500

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bharti Airtel Limited 928.85 0.5 7063132 4657235 83.11 Nifty50 19545.75 0.56 33830422
Coromandel International 1166.1 1.92 1115758 795660 81.98 Niftybank 44213.35 0.57 14944703
Ultratech Cement Limited 8177.45 0.7 310506 691483 78.19 Nifty it 32125.4 0.99 1123022
Sbi Cards And Payment Se 789.95 -0.3 1335351 1259729 77.17 India Vix 10.94 -6.17 585353150
Icici Prudential Life In 551.65 -1.06 530790 1043937 75 Nifty Fmcg 51384.55 -0.1 394064
Infosys Limited 1463.45 1.32 7384621 3099409 68.72 Nifty Pharma 15021.4 -0.3 43887344
Info Edge (india) Limite 4209.05 3.71 576826 455387 68.39 Nifty Realty 569.95 0.29 1155492359
Hcl Technologies Ltd. 1235.45 -0.33 2995200 1524372 67.64 Nifty Auto 15916.1 0.85 41544433
Power Grid Corporation o 196.6 -1.21 14575590 9518111 67.41 Nifty Metal 6709.1 -0.25 98150170
Larsen & Toubro Limited 3096.05 2.26 3413447 2083793 67.2 Nifty Financial Services 19678.6 0.51 4955743

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Interest Rate Decision on 6th October, 2023

INR: FX Reserves, USD on 6th October, 2023

USD: Nonfarm Payrolls (Sep) on 6th October, 2023

USD: Unemployment Rate (Sep) on 6th October, 2023

News Updates

  • The equity benchmarks snapped two-day losing streak to shut shop on a positive note on October 5 amid a recovery in global markets. A marginal pullback of US treasury yields and the dollar index also helped revive investors’ sentiment. At close, the S&P BSE Sensex was up 405.53 points or 0.62 percent at 65,631.57 and the Nifty50 was up 108.20 points or 0.56 percent at 19,544.30.

  • Zomato jumped 6 percent on October 5, extending past few sessions’ rally to hit a fresh 52-week high of Rs 107.70 on NSE. The stock is seeing interest from investors as analysts see tailwinds for the food delivery platform from the cricket world cup. Foreign brokerage Jefferies expects overall restaurant consumption to rise with a likely benefit to Zomato.

  • Bajaj Finance on October 5 announced Rs 10,000 crore fund raise via qualified institutions placement as well as preferential issue of shares. The NBFC plans to raise up to Rs 8,800 crore via QIP and Rs 1,200 crore via preferential allotment to promoter Bajaj Finserv.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AAPLUSTRAD Rights Issue;General 06-Oct-23 BETALA Quarterly Results 09-Oct-23
AFFORDABLE Right Issue of Equity Shares 06-Oct-23 CITL General 09-Oct-23
CAPRICORN General 06-Oct-23 DBOL Quarterly Results 09-Oct-23
JATTAINDUS General 06-Oct-23 EVERTEX Quarterly Results 09-Oct-23
JLHL Quarterly Results 06-Oct-23 GLS Interim Dividend 09-Oct-23
SATIN General 06-Oct-23 HINFLUR General 09-Oct-23
SCANPGEOM Right Issue of Equity Shares;General 06-Oct-23 KPIGREEN Interim Dividend;Quarterly Results 09-Oct-23
WALCHANNAG Issue Of Warrants;Preferential Issue of shares;General 06-Oct-23 GMBREW Quarterly Results 10-Oct-23
DARSHANORNA Quarterly Results 07-Oct-23 NAGPI A.G.M. 10-Oct-23
KENVI Quarterly Results 07-Oct-23 RISHDIGA General 10-Oct-23
MANINDS Preferential Issue of shares 07-Oct-23 SPECFOOD Increase in Authorised Capital;Right Issue of Equity Shares 10-Oct-23
OLATECH Increase in Authorised Capital;Bonus issue;General 07-Oct-23 DELTACORP Quarterly Results 11-Oct-23
ROJL Quarterly Results 07-Oct-23 PLASTIBLEN Quarterly Results 11-Oct-23
SMGOLD Quarterly Results 07-Oct-23 SAMHI Quarterly Results 11-Oct-23
SOFCOM General 07-Oct-23 SEL Quarterly Results 11-Oct-23
SYLPH General 07-Oct-23 TCS Interim Dividend;Audited Results;Quarterly Results 11-Oct-23
VEERKRUPA Half Yearly Results 07-Oct-23 UNTTEMI General 11-Oct-23
VIVIDM Quarterly Results 07-Oct-23 ZAGGLE Quarterly Results 11-Oct-23
YUG General 07-Oct-23 ANANDRATHI Interim Dividend;Quarterly Results 12-Oct-23
ZHEMHOLD Quarterly Results 07-Oct-23 ANGELONE Interim Dividend;Quarterly Results 12-Oct-23
ZMILGFIN General 07-Oct-23 HCLTECH Interim Dividend;Quarterly Results 12-Oct-23
AVANTEL Bonus issue;Quarterly Results 09-Oct-23 HDFCAMC Quarterly Results 12-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ACCELYA 06-Oct-23 Final Dividend – Rs. – 30.0000 TCS 19-Oct-23 Interim Dividend
JASCH 06-Oct-23 Reduction of Capital ANGELONE 20-Oct-23 Interim Dividend
JASCH 06-Oct-23 Spin Off HCLTECH 20-Oct-23 Interim Dividend
SURYAROSNI 06-Oct-23 Stock  Split From Rs.10/- to Rs.5/- KPIGREEN 20-Oct-23 Interim Dividend
SIGACHI 09-Oct-23 Stock  Split From Rs.10/- to Rs.1/- ICICIGI 27-Oct-23 Interim Dividend
GUJTHEM 10-Oct-23 Stock  Split From Rs.5/- to Rs.1/- ISEC 27-Oct-23 Interim Dividend
JONJUA 10-Oct-23 Bonus issue 9:50 LTIM 27-Oct-23 Interim Dividend
THEMISMED 10-Oct-23 Stock  Split From Rs.10/- to Rs.1/- SVRL 27-Oct-23 Bonus issue 1:1
JYOTISTRUC 11-Oct-23 E.G.M. TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
REFNOL 11-Oct-23 Amalgamation NESTLEIND 01-Nov-23 Interim Dividend
ADVLIFE 13-Oct-23 Bonus issue 1:1 ASIANPAINT 03-Nov-23 Interim Dividend
INFRATRUST 13-Oct-23 Income Distribution (InvIT) INSECTICID 10-Nov-23 Interim Dividend
RMC 13-Oct-23 Bonus issue 1:2 PGHL 13-Nov-23 Final Dividend – Rs. – 50.0000
GLS 17-Oct-23 Interim Dividend PGHH 17-Nov-23 Final Dividend – Rs. – 105.0000
RITCO 19-Oct-23 E.G.M. GILLETTE 21-Nov-23 Final Dividend – Rs. – 50.0000

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