The NIFTY opened at 19542.15 with a big gap down of 82 points. The Index bounced up quickly after recording its intraday low at 19815.70 in its initial trades and filled the gap. However, the rally could not last long and the index turned down after recording its intraday high at 19593.80 in the morning trades. Prices kept on sliding lower at a slow pace for almost the whole day. The index moved sideways and even narrower towards the end and finally closed at 19542.65 almost at its opening tick with a loss of 82.05 points or 0.42% down. All the sectoral indices have moved down and closed with a loss. OIL GAS, METAL, FMCG, PHARMA, and REALTY led the bears and ended with a loss of more than 1% followed by MEDIA and AUTO. The short-term trend is sideways and there is no doubt about that as the index has been moving sideways for almost a month. We have been tracking support is around 19500 while resistance is around 19850.
The BANK NIFTY opened at 43584.25 with a big gap down of 168. The index bounced up quickly after recording its intraday low at 43567.45 and filled the gap within half an hour. Prices then moved sideways and eventually broke higher. However, the index could not sustain there and moved down after recording its intraday high at 43877.50. Prices moved sideways again toward the end and finally closed at 43740.65 with a loss of just 12 points. PSU BANK has underperformed, saw a sharp intraday decline, and ended with a loss of 1.57%. PVT BANK has outperformed, saw a mild up side move, and closed with a gain of 0.06%. Within the index, in terms of points, KOTAK BANK contributed the highest on the downside followed by SBIN. BANK NIFTY moved very choppy and narrowly as the index traded within a range of 310 points. Prices have moved sideways during the day after opening with a gap down. The short-term trend remained sideways. Prices have broken down the 43800 support level but still hovering around, Fresh support is now visible around 43500 and resistance around 44700.
|SUN PHARMA||1142.20||BUY||The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1144.80 with a stop loss of 1137.70 and a target of 1159.|
|TATA STEEL||123.10||SELL||The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 122.65 with a stop loss of 123.50 and a target of 120.95.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|PERSISTENT||5900 CE||BUY||78.95||ABOVE 82.65||69.85||122.35||BREAKOUT|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|MUTHOOTFIN.23.10 Oct||1275.8||2.08||-31.2||4200900||DIVISLAB.23.10 Oct||3564.6||-2.24||-35.76||1479600|
|BHARTIARTL.23.10 Oct||946.4||0.06||-30.02||24270600||HINDCOPPER.23.10 Oct||154.1||-2.28||-30.23||21459700|
|TATACONSUM.23.10 Oct||897.25||0.21||-24.65||6720300||ASTRAL.23.10 Oct||1835.05||-0.21||-28.56||2426604|
|INDUSINDBK.23.10 Oct||1466.4||0.99||-23.3||17043500||CHOLAFIN.23.10 Oct||1189.85||-0.91||-28.26||8580000|
|BERGEPAINT.23.10 Oct||584.65||1.74||-22.58||8098200||ZYDUSLIFE.23.10 Oct||578.8||-1.88||-25.34||5578200|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Container Corp Of India||707.95||-0.77||1364869||1206111||73.04||Niftybank||43723.05||-0.07||15969173|
|Cholamandalam Investment||1187.15||-0.85||1725399||1825828||72.08||Nifty it||31469.35||-0.22||941385|
|Infosys Limited||1427.25||-0.45||3928622||4803117||70.68||India Vix||10.82||-0.73||640298053|
|Icici Prudential Life In||526.2||0.77||890622||1960486||68.38||Nifty Fmcg||51823.35||-1.32||700127|
|Pidilite Industries Ltd||2373.2||-0.07||277143||218905||67.38||Nifty Pharma||15107.15||-1.09||46017734|
|Dabur India Ltd.||524.8||-0.16||7600488||2731126||66.72||Nifty Realty||599.35||-1.08||1158616106|
|Ipca Laboratories Ltd.||935.9||-1.16||163420||360085||66.4||Nifty Auto||16497.85||-0.72||42166875|
|Atul Ltd.||6676.7||-1.41||111332||36614||66.1||Nifty Metal||6712.75||-1.33||103329231|
|Godrej Cons Products Ltd||988.15||0.43||764123||626596||65.94||Nifty Financial Services||19606.25||-0.02||3309782|
Upcoming Economic Data
|INR: FX Reserves, USD on 27th October, 2023
INR: Infrastructure Output (YoY) (Sep) , USD on 31st October, 2023
|USD: Services PMI (Oct) on 24th October, 2023
USD: Building Permits on 25th October, 2023
Benchmark indices ended lower for the third consecutive session on October 20 with Nifty around 19,550. At close, the Sensex was down 231.62 points or 0.35 percent at 65,397.62, and the Nifty was down 82.00 points or 0.42 percent at 19,542.70. About 1333 shares advanced, 2234 shares declined, and 141 shares unchanged.
Indian banks increased their investments in securities issued by the central and state governments by over 19 percent year-on-year (YoY) in October, according to Reserve Bank of India data. Experts said rising bond yields made such investments attractive for these investors. A higher statutory liquidity ratio (SLR) for banks, in line with rising deposits, also played a role, they said.
Britain on Friday reaffirmed its position against the decisions taken by India that resulted in 41 Canadian diplomats’ departing the country earlier this week amid a dispute over the murder of a Sikh separatist leader in Canada.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Meeting Date||Company Name||Purpose||Meeting Date|
|ALOKTEXT||Quarterly Results||23-Oct-23||AXISBANK||Quarterly Results||25-Oct-23|
|ATISHAY||Quarterly Results||23-Oct-23||BANARISUG||Quarterly Results||25-Oct-23|
|GANVERSE||Half Yearly Results||23-Oct-23||BHARATWIRE||Quarterly Results||25-Oct-23|
|KAPILCO||General;Preferential Issue of shares||23-Oct-23||BRIDGESE||Quarterly Results||25-Oct-23|
|KKCL||Quarterly Results;Audited Results||23-Oct-23||CHALET||Quarterly Results||25-Oct-23|
|LLOYDSME||Quarterly Results;General||23-Oct-23||CHENNPETRO||Quarterly Results||25-Oct-23|
|MAHLOG||Quarterly Results;General||23-Oct-23||CMSINFO||Quarterly Results||25-Oct-23|
|MHRIL||Quarterly Results||23-Oct-23||CONTICON||Quarterly Results;General||25-Oct-23|
|NDTV||Quarterly Results||23-Oct-23||CRANESSOFT||Audited Results||25-Oct-23|
|NRAGRINDQ||Quarterly Results||23-Oct-23||DREAMFOLKS||Quarterly Results||25-Oct-23|
|TORNTPHARM||Quarterly Results||23-Oct-23||HCKKVENTURE||Quarterly Results||25-Oct-23|
|UNISTRMU||Quarterly Results||23-Oct-23||HGIND||Quarterly Results||25-Oct-23|
|VEERKRUPA||Half Yearly Results||23-Oct-23||INDUSTOWER||Quarterly Results||25-Oct-23|
|DEVLAB||General;Issue Of Warrants||24-Oct-23||JUBLFOOD||Quarterly Results||25-Oct-23|
|UJAAS||Quarterly Results||24-Oct-23||JUMBO||Quarterly Results||25-Oct-23|
|ASAHISONG||Quarterly Results||25-Oct-23||LAXMIMACH||Quarterly Results||25-Oct-23|
|ASHNOOR||Quarterly Results||25-Oct-23||LKPFIN||Quarterly Results||25-Oct-23|
|AURIONPRO||Quarterly Results||25-Oct-23||LOYAL||Quarterly Results||25-Oct-23|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|INFY||25-Oct-23||Interim Dividend – Rs. – 18.0000||STYRENIX||31-Oct-23||Interim Dividend|
|JAYBARMARU||26-Oct-23||Stock Split From Rs.5/- to Rs.2/-||TIPSINDLTD||31-Oct-23||Interim Dividend – Rs. – 2.0000|
|KSOLVES||26-Oct-23||Interim Dividend – Rs. – 7.0000||AUTOINT||01-Nov-23||E.G.M.|
|TCIEXP||26-Oct-23||Interim Dividend – Rs. – 3.0000||CYIENT||01-Nov-23||Interim Dividend – Rs. – 12.0000|
|ASTRAL||27-Oct-23||Interim Dividend – Rs. – 1.5000||NESTLEIND||01-Nov-23||Interim Dividend – Rs. – 140.0000|
|BCLIL||27-Oct-23||Stock Split From Rs.10/- to Rs.1/-||COFORGE||02-Nov-23||Interim Dividend – Rs. – 19.0000|
|ICICIGI||27-Oct-23||Interim Dividend – Rs. – 5.0000||HINDUNILVR||02-Nov-23||Interim Dividend – Rs. – 18.0000|
|ISEC||27-Oct-23||Interim Dividend – Rs. – 12.0000||SHAREINDIA||02-Nov-23||Interim Dividend|
|JSL||27-Oct-23||Interim Dividend – Rs. – 1.0000||ASIANPAINT||03-Nov-23||Interim Dividend|
|LTIM||27-Oct-23||Interim Dividend – Rs. – 20.0000||BNALTD||03-Nov-23||E.G.M.|
|LTTS||27-Oct-23||Interim Dividend – Rs. – 17.0000||EMBASSY||03-Nov-23||Income Distribution RITES|
|SHASHIJIT||27-Oct-23||Stock Split From Rs.10/- to Rs.2/-||NTPC||03-Nov-23||Interim Dividend|
|SVRL||27-Oct-23||Bonus issue 1:1||RAILTEL||03-Nov-23||Interim Dividend|
|TALBROAUTO||27-Oct-23||Stock Split From Rs.10/- to Rs.2/-||SYMPHONY||03-Nov-23||Interim Dividend|
|HAPPSTMNDS||30-Oct-23||Interim Dividend – Rs. – 2.5000||COLPAL||06-Nov-23||Interim Dividend|
|RKFORGE||30-Oct-23||Interim Dividend – Rs. – 1.0000||MPSLTD||06-Nov-23||Interim Dividend|
|BALKRISIND||31-Oct-23||Interim Dividend||MARICO||07-Nov-23||Interim Dividend|
|DRAGARWQ||31-Oct-23||Interim Dividend||TCI||07-Nov-23||Interim Dividend|
|ELECON||31-Oct-23||Interim Dividend||VAIBHAVGBL||07-Nov-23||Interim Dividend|
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