The NIFTY opened at 19404.05 with a minor gap down of just 7 points. The index moved down sharply for the first five minutes of trading and then formed a consolidation which eventually broke on the upside. Prices have rallied but could not sustain higher and again moved down very sharply in the afternoon. However, the index again found support and turned up. This time, the rally lasted till the end. The index first recorded its intraday low at 19329.10, then its intraday high at 19423.50, and finally closed at 19406.70 near its day’s high and last closing price with a loss of just 5.05 points or 0.03% down. PHARMA outperformed and closed with a gain of 1.32% followed by OIL GAS. REALTY underperformed and closed with a loss of 1.34% followed by MEDIA. The IT ended almost on a flat note. The short-term trend is up now which was sideways before. The support is visible around 19200 while resistance may emerge around 19500.


The BANK NIFTY opened at 43598.85 with a gap down of just 30 points. Prices initially moved lower, found support quickly, turned up but moved down again very sharply. The index found support again in the afternoon and started a V-shaped reversal. This time the rally continued till the end. Prices have first recorded its intraday low at 43283.85 then its intraday high at 43799.35, and finally closed at 43780.15 with a gain of 152 points. PSU and PVT BANK both indices have performed almost the same, saw a mild upside move, and finally closed with a gain of 0.46% & 0.39% respectively. Within the index, in terms of points, SBIN contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is up now. Support is visible around 42500 while resistance is visible around 44000.


ASXIS BANK 1022.20 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1022.55 with a stop loss of 1014.35 and a target of 1038.95.
M&M 1479.75 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1474.75 with a stop loss of 1486.90 and a target of 1450.30.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
DIVIS LAB  3500 CE BUY 70.10 CMP 65.25 127.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
TRENT.23.11 Nov 2461.6 10 22.06 3981600 METROPOLIS.23.11 Nov 1526.05 -3.07 1.41 1778400
HINDPETRO.23.11 Nov 279.6 6.19 8.14 54699300 GODREJPROP.23.11 Nov 1774.45 -2.97 5.08 3979550
ALKEM.23.11 Nov 4062 5.83 3.48 1143400 ATUL.23.11 Nov 6512.2 -2.94 1.35 360375
HAL.23.11 Nov 2031.3 5.13 4.35 7749600 OBEROIRLTY.23.11 Nov 1214.05 -2.74 0.57 7422100
IOC.23.11 Nov 104.4 4.98 14.64 158973750 APOLLOTYRE.23.11 Nov 384 -2.46 20.27 13890700
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ABCAPITAL.23.11 Nov 175.15 1.86 -0.25 49410000 CANFINHOME.23.11 Nov 759.95 -2.44 -0.78 3478800
ZYDUSLIFE.23.11 Nov 599.15 1.84 -0.73 6475500 GNFC.23.11 Nov 687 -2.23 -2.3 10084100
COROMANDEL.23.11 Nov 1112 1.61 -3.64 1575000 ZEEL.23.11 Nov 264 -1.93 -0.49 92412000
RBLBANK.23.11 Nov 234.6 1.36 -1.1 43965000 BSOFT.23.11 Nov 585.7 -1.82 -0.15 7781000
GAIL.23.11 Nov 125.4 1.09 -0.46 140626350 DEEPAKNTR.23.11 Nov 2115.15 -1.65 -1.29 2408100

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2496.45 -0.04 1473411 1060136 79.19 Nifty50 19406.7 -0.03 81888
Tata Consultancy Serv Lt 3370.45 -0.29 1191144 864446 78.6 Niftybank 43737.9 0.27 71457
Icici Prudential Life In 537.9 3.09 1959750 649096 78.43 Nifty it 30981.6 0.03 71457
Coromandel International 1108.2 0.83 447776 469643 76.1 India Vix 11.19 0.81 71562
Dr. Reddys Lab Ltd 5404.35 1.24 699747 429668 75.45 Nifty Fmcg 52130 0.1 71457
Itc Ltd. 432.7 -0.61 5124012 5507380 75.36 Nifty Pharma 15271.75 1.32 71457
Reliance Industries Ltd 2323.8 -0.65 3480102 3982611 74.81 Nifty Realty 642.8 -1.34 71457
Bharti Airtel Limited 937.15 -0.22 3616946 2048383 74.2 Nifty Auto 16143.75 -0.18 71457
Sun Pharma  Ltd 1170.95 1.82 1811831 1027858 71.95 Nifty Metal 6576.85 0.15 71457
Maruti Suzuki India Ltd 10253.3 -0.31 264935 352640 71.9 Nifty Financial Services 19560.6 0.12 71457

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Thomson Reuters IPSOS PCSI (MoM) (Nov) on 10th November, 2023

INR: Manufacturing Output (MoM) (Sep) on 10th October, 2023

USD: Fed Chair Powell Speaks on 8th November, 2023

USD: Crude Oil Inventories on 8th November, 2023

News Updates

  • After finishing previous three trading session on a positive note, the Indian equity indices ended marginally red in a volatile session on November 7. At close, the Sensex was down 16.29 points or 0.03 percent at 64,942.40, and the Nifty was down 5.05 points or 0.03 percent at 19,406.70.

  • Indian Railway Catering and Tourism Corporation Ltd. reported a net profit at Rs 294.67 crore for the September quarter of FY24 on November 7, registering a increase of 30.36 percent from Rs 226.03 crore in the same quarter of the previous financial year. Total revenue of the company is Rs 995.31 crore, rising 23.51 percent from Rs 805.80 crore in the year-ago quarter, the company said in a regulatory filing.

  • Oil fell below $80 a barrel for the first time in more than two months as fresh doubts on whether the Federal Reserve has finished tightening outweighed Saudi Arabia and Russia’s supply cuts.

  • FSN E-Commerce Ventures, which operates beauty and personal care (BPC) company Nykaa, saw its net profit increase by 50 percent to Rs 7.8 crore in Q2FY24 from Rs 5.2 crore in Q2FY23 , led largely by its beauty and personal care (BPC) business which witnessed a strong demand during its flagship sale event in July.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
63MOONS Quarterly Results 08-Nov-23 AMS Quarterly Results 08-Nov-23
ABHIJIT Quarterly Results 08-Nov-23 ANDHRAPET Quarterly Results 08-Nov-23
ACFSL Half Yearly Results;General 08-Nov-23 ANJANIFIN Quarterly Results 08-Nov-23
ACKNIT Quarterly Results 08-Nov-23 ANUROOP Quarterly Results 08-Nov-23
ADARSH Quarterly Results 08-Nov-23 APIL Quarterly Results 08-Nov-23
ADISHAKTI Half Yearly Results 08-Nov-23 ARCHITORG Quarterly Results 08-Nov-23
ADITYASP Quarterly Results 08-Nov-23 ARFIN Quarterly Results 08-Nov-23
ADLINE Quarterly Results 08-Nov-23 ARIES Quarterly Results 08-Nov-23
ADORWELD Quarterly Results;General 08-Nov-23 ARMAN Quarterly Results 08-Nov-23
ADVLIFE Quarterly Results;General 08-Nov-23 ARTEMISMED Quarterly Results 08-Nov-23
ADVMULT Quarterly Results 08-Nov-23 ASALCBR Quarterly Results 08-Nov-23
ADVPETR-B Quarterly Results 08-Nov-23 ASHOKA Quarterly Results 08-Nov-23
AFFORDABLE Half Yearly Results 08-Nov-23 ASHOKAMET Quarterly Results;General 08-Nov-23
AKI Quarterly Results 08-Nov-23 ASIANTILES Quarterly Results 08-Nov-23
ALCHCORP Quarterly Results 08-Nov-23 ASUTENT Quarterly Results 08-Nov-23
ALEMBICLTD Quarterly Results;General 08-Nov-23 ATHCON Half Yearly Results 08-Nov-23
ALEXANDER Quarterly Results 08-Nov-23 ATNINTER Quarterly Results 08-Nov-23
ALPHAGEO Quarterly Results;General 08-Nov-23 AUTOAXLES Quarterly Results 08-Nov-23
AMARNATH Quarterly Results 08-Nov-23 AUTOIND Quarterly Results;General 08-Nov-23
AMINTAN Quarterly Results 08-Nov-23 AUTOPRD Quarterly Results 08-Nov-23
AMIORG Quarterly Results 08-Nov-23 AVADHSUGAR Quarterly Results 08-Nov-23
AMITSEC Quarterly Results 08-Nov-23 AVALON Quarterly Results;Employees Stock Option Plan 08-Nov-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BIGBLOC 08-Nov-23 Interim Dividend – Rs. – 0.2000 IOC 10-Nov-23 Interim Dividend – Rs. – 5.0000
BSOFT 08-Nov-23 Interim Dividend – Rs. – 2.5000 IRFC 10-Nov-23 Interim Dividend – Rs. – 0.8000
DPWIRES 08-Nov-23 Bonus issue 1:7 LKPFIN 10-Nov-23 Interim Dividend – Rs. – 3.0000
GESHIP 08-Nov-23 Interim Dividend – Rs. – 6.3000 MKPL 10-Nov-23 Stock  Split From Rs.10/- to Rs.1/-
OBEROIRLTY 08-Nov-23 Interim Dividend – Rs. – 2.0000 NAVINFLUOR 10-Nov-23 Interim Dividend – Rs. – 5.0000
RITES 08-Nov-23 Interim Dividend – Rs. – 4.5000 NAVINFLUOR 10-Nov-23 Special Dividend – Rs. – 3.0000
SPLPETRO 08-Nov-23 Interim Dividend – Rs. – 2.0000 NIITLTD 10-Nov-23 Interim Dividend – Rs. – 0.5000
GODREJCP 09-Nov-23 Interim Dividend – Rs. – 5.0000 NIITMTS 10-Nov-23 Interim Dividend – Rs. – 2.5000
HPAL 09-Nov-23 Stock  Split From Rs.10/- to Rs.2/- PETRONET 10-Nov-23 Interim Dividend – Rs. – 7.0000
INDIGRID 09-Nov-23 Income Distribution (InvIT) QGO 10-Nov-23 Interim Dividend – Rs. – 0.1500
NAM-INDIA 09-Nov-23 Interim Dividend – Rs. – 5.5000 SAFARIND 10-Nov-23 Interim Dividend – Rs. – 2.5000
360ONE 10-Nov-23 Interim Dividend – Rs. – 4.0000 SURYAROSNI 10-Nov-23 Interim Dividend – Rs. – 2.5000
ADFFOODS 10-Nov-23 Special Dividend – Rs. – 4.0000 WANBURY 10-Nov-23 E.G.M.
ALLSEC 10-Nov-23 Interim Dividend – Rs. – 30.0000 AXITA 13-Nov-23 Interim Dividend – Rs. – 0.1000
ALSTONE 10-Nov-23 E.G.M. DEVLAB 13-Nov-23 E.G.M.
ARE&M 10-Nov-23 Interim Dividend – Rs. – 4.8000 ELPROINTL 13-Nov-23 Interim Dividend – Rs. – 0.6000
AVANCE 10-Nov-23 Stock  Split From Rs.5/- to Rs.1/- GALACTICO 13-Nov-23 E.G.M.
CARERATING 10-Nov-23 Interim Dividend – Rs. – 7.0000 PGINVIT 13-Nov-23 Income Distribution (InvIT)
DABUR 10-Nov-23 Interim Dividend – Rs. – 2.7500 RECLTD 13-Nov-23 Interim Dividend – Rs. – 3.5000
FMEC 10-Nov-23 E.G.M. TANAA 13-Nov-23 Interim Dividend – Rs. – 1.5000
IMFA 10-Nov-23 Interim Dividend – Rs. – 7.5000 WPIL 13-Nov-23 Interim Dividend – Rs. – 20.0000
INSECTICID 10-Nov-23 Interim Dividend – Rs. – 3.0000 CFF 15-Nov-23 Interim Dividend – Rs. – 0.5000

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