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
MGL.23.10 Oct 1033.55 -8.14 11.81 2536800
                                                                        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
Sectors Price Change % Quantity
Indigo 2439.05 -3.5 1385743 716929 74.26 Nifty50 19542.65 -0.42 35708120
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

   Domestic                                                                                                                                                  International
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

News Updates

  • 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

Board Meetings

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
AURUM Quarterly Results;General 23-Oct-23 BCPL General 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
PNBHOUSING Quarterly Results 23-Oct-23 GODREJIND General 25-Oct-23
PVVINFRA General 23-Oct-23 GULFOILLUB 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
20MICRONS Quarterly Results;General 25-Oct-23 KUANTUM General 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

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
VINNY 23-Oct-23 E.G.M. SASKEN 31-Oct-23 Interim Dividend
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
AURIONPRO 27-Oct-23 E.G.M. ABHIJIT 02-Nov-23 E.G.M.
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
UNJHAFOR 30-Oct-23 E.G.M. SHRIRAMFIN 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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