NIFTY CONTINUED SLIDING LOWER; AND ENDED WITH A LOSS BELOW 19500

COMPANY NAME	CMP	B/S	RATIONALE
HDFC BANK	1529.55	BUY	The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1535.35 with a stop loss of 1521.65 and a target of 1562.70.
CHOLA FINANCE	1209.65	SELL	The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1205.95 with a stop loss of 1222.15 and a target of 1176.65.

Stock Name	Strike Price	Buy/Sell	CMP	Initiation	Stop Loss	Target	Remarks
HINDUSTAN UNILVER	2500 CE	BUY	43.95	CMP	41.45	51.45	BREAKOUT

Long Buildup						Short Buildup
Stocks	Price	Price%	OI %	OI		Stocks	Price	Price%	OI %	OI
ESCORTS.23.10 Oct	3213.8	2.28	21.53	2084500		AXISBANK.23.10 Oct	995.65	-4.66	31.91	55330000
INFY.23.10 Oct	1436	1.2	13	20057200		BANKNIFTY.23.10 Oct	44255.15	-0.82	30.27	2672040
TCS.23.10 Oct	3554.95	1.32	10.02	9130625		SBIN.23.10 Oct	587.5	-2.79	23.58	96753000
NESTLEIND.23.10 Oct	23054.95	2.76	9.12	332080		PNB.23.10 Oct	79.9	-4.48	16.5	293840000
RAMCOCEM.23.10 Oct	957	4.12	8.6	3735750		SIEMENS.23.10 Oct	3524.4	-1.76	15.78	2255550
Short Covering						Long Unwinding
Stocks	Price	Price%	OI %	OI		Stocks	Price	Price%	OI %	OI
ADANIENT.23.10 Oct	2480.7	3.5	-3.91	9411300		IBULHSGFIN.23.10 Oct	171.25	-6.95	-0.6	61276500
MPHASIS.23.10 Oct	2433.05	2.2	-0.79	2446125		GLENMARK.23.10 Oct	811.55	-4.28	-1.66	7664700
EICHERMOT.23.10 Oct	3408.05	1.56	-2.51	3543050		HINDCOPPER.23.10 Oct	156.4	-3.46	-3.72	32785800
HINDUNILVR.23.10 Oct	2510	1.32	-2.03	7611600		RBLBANK.23.10 Oct	250.2	-2.55	-1.66	59745000
CUMMINSIND.23.10 Oct	1692.2	1.11	-0.96	5094600		NATIONALUM.23.10 Oct	94.9	-2.52	-0.5	57930000

Stocks	Price	%Chg	Total Qty	Delivery	Del %			% Change
							Sectors	Price	Change %	Quantity
Oracle Fin Serv Soft Ltd	4041.85	-1.11	63830	131854	74.75		Nifty50	19436.1	-0.47	84624
Bharti Airtel Limited	924.25	-0.11	5603669	3262496	72.38		Niftybank	43964.05	-0.98	84624
Britannia Ind Ltd.	4532.5	0.82	318564	400180	70.46		Nifty it	31811.5	0.3	84624
Max Financial Services l	884.3	-1.14	490098	565267	70.09		India Vix	11.65	-1.15	84624
Info Edge (india) Limite	4058.65	-1.36	665902	267895	69.69		Nifty Fmcg	51435.75	0.22	84624
Bharat Petroleum Ltd	341.35	0	3024880	3667369	68.65		Nifty Pharma	15067.15	-1.4	84624
Page Industries Limited	39224.8	0.21	34721	16921	68.62		Nifty Realty	568.3	-1.73	84624
Hindustan Unilever Ltd	2507.85	1.58	1587335	1084552	68.23		Nifty Auto	15782.6	-1.3	84624
Hdfc Life Insurance Comp	625.5	-1.27	2357914	2362388	67.98		Nifty Metal	6725.95	-1.06	84624
Pidilite Industries Ltd	2406.4	-0.78	378833	261119	67.49		Nifty Financial Services	19578.05	-0.79	84624

Domestic                                                                                                                                                  International
INR: Nikkei Services PMI (Sep) on 5th October, 2023 INR: Interest Rate Decision on 6th October, 2023	USD: Initial Jobless Claims on 5th October, 2023 USD: Nonfarm Payrolls (Sep) on 6th October, 2023

</div.

News Updates

• The equity benchmarks lost another half a percent on the second consecutive day and touched more than a month low with Nifty falling below 19,350 on October 3 amid selling across the sectors, barring IT and FMCG. At close, the Sensex was down 286.06 points or 0.44 percent at 65,226.04, and the Nifty was down 92.70 points or 0.47 percent at 19,436.10.

• Shares of the distilleries company Piccadily Agro Industries hit the upper circuit on October 4 again, with the stock surging by another 20 percent on the back of winning a global award. Indri Diwali Collector’s Edition 2023, an Indian Whiskey made by the company, recently won the ‘Best in Show, Double Gold’ title at the 2023 Whiskies of the World Awards. The stock traded at Rs 165.45, up 19.98 percent as of 3 pm.

• The Union cabinet on October 4 hiked the subsidy for Ujjwala Scheme beneficiaries to Rs 300 per cylinder from Rs 200 per cylinder. The government has raised the subsidy amount for Pradhan Mantri Ujjwala Yojana beneficiaries from Rs 200 to Rs 300 per LPG cylinder, said Union Minister Anurag Thakur during a briefing on Cabinet decisions.

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

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