The NIFTY opened at 19820.45 without much of a gap. The index initially moved down but quickly bounced and came into positive territory but could not last long there and drifted downwards. Prices recorded its intraday high at 19840.95, saw a sharp down move till the afternoon, and then started a process of recovery. The rally again did not last long and prices again moved down towards the end. The index recorded its intraday low at 19659.95 and finally closed at 19671.10 near its day lows with a loss of 140.10 points or 0.71% down. All the sectoral indices have closed with a loss except PHARMA and AUTO. BANK and FINANCIAL led the bears and closed with a loss of more than 1% followed by OIL GAS, METAL, and IT. 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 44404.20 without much of a gap. The index started moving downwards from its opening price, saw a minor rally, and then again resumed moving downwards. The index started a consolidation process in the afternoon that lasted almost till the end. Prices have recorded its intraday high at 44412.50 just above the opening tick, its intraday low at 43861.45, and finally closed at 43894.45 with a loss of 547 points. PSU and PVT BANK, both indices have performed almost the same, saw a sharp intraday decline, and closed with a loss of 167% & 1.17% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the downside followed by ICICI BANK. The short-term trend remained sideways as the index has been moving inside a 1000 points trading range for the past one month with support around 43800 and resistance around 44800. Since the range is very narrow so we may see a breakdown very soon.
|HDFC LIFE INSURANCE||645.00||BUY||The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 646.05 with a stop loss of 643.10 and a target of 652.90.|
|AXIS BANK||1519.75||SELL||The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 989.30 with a stop loss of 995.05 and a target of 977.80.|
|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|
|CIPLA.23.10 Oct||1217.8||3.62||18.89||10958350||LTTS.23.10 Oct||4364.65||-5.73||43.39||908800|
|MARUTI.23.10 Oct||10802||0.51||9.34||3156300||SYNGENE.23.10 Oct||728.25||-6.64||34.48||5297000|
|SUNTV.23.10 Oct||661||2.51||8.16||8605500||FINNIFTY.23.10 Oct||19774.05||-1.03||29.97||91600|
|ONGC.23.10 Oct||186.85||0.19||7.06||47832400||BANKNIFTY.23.10 Oct||44044.6||-1.01||29.06||2713470|
|CUB.23.10 Oct||139.95||0.29||4.85||41915000||ABB.23.10 Oct||4108.45||-4.25||23.88||1317500|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|INFY.23.10 Oct||1427.8||0.11||-3.55||20457200||MCDOWELL-N.23.10 Oct||1057||-2.97||-0.13||9194500|
|HINDALCO.23.10 Oct||485.6||0||-2.97||23319800||IDEA.23.10 Oct||11.7||-2.5||-0.15||1318480000|
|BALRAMCHIN.23.10 Oct||423.6||0.18||-1.6||10939200||BHEL.23.10 Oct||129.2||-2.45||-1.16||98217000|
|SBILIFE.23.10 Oct||1357.95||0.59||-1.24||6315750||NMDC.23.10 Oct||161.7||-2.18||-0.76||97992000|
|SHREECEM.23.10 Oct||26745||0.05||-1.23||196350||RECLTD.23.10 Oct||288.7||-2.12||-2.25||55912000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Crompton Greaves Consume||297.85||-0.73||2582827||1888742||75.08||Niftybank||43888.7||-1.17||71604|
|Biocon Limited||238.65||-6.38||13082442||2236786||74.57||India Vix||10.96||2.43||71718|
|Larsen & Toubro Limited||3045.6||-0.68||1350839||1365980||73.95||Nifty Fmcg||52442.05||-0.42||71604|
|Torrent Pharma Ltd.||1917||-0.24||405999||221599||73.78||Nifty Pharma||15331.3||0.78||71604|
|Tata Consultancy Serv Lt||3487.25||-0.56||1408245||1200270||71.78||Nifty Auto||16535.4||0.08||71604|
|Hindustan Unilever Ltd||2548.25||-0.31||1084689||898747||71.7||Nifty Metal||6863.4||-0.56||71604|
|Alkem||3626.1||0.16||177578||87088||70.88||Nifty Financial Services||19687.2||-1.28||71604|
Upcoming Economic Data
|INR: Bank Loan Growth on 20th October, 2023
INR: FX Reserves, USD on 20th October, 2023
|USD: Initial Jobless Claims on 19th October, 2023
USD: Existing Home Sales (Sep) on 19th October, 2023
Benchmark indices ended on a weaker note on October 18 with Nifty below 19,700. At close, the Sensex was down 551.07 points or 0.83 percent at 65,877.02, and the Nifty was down 140.40 points or 0.71 percent at 19,671.10. About 1424 shares advanced, 2144 shares declined, and 137 shares unchanged.
ITC Ltd is likely to report a healthy 10.5 percent year-on-year (YoY) growth in net profit in Q2 FY24, primarily led by sales of cigarettes, price hikes in FMCG products, and strong demand in the hotels segment. The cigarette and FMCG company will announce its Q2FY24 earnings on October 19.
James Sullivan, Managing Director, Asia Pacific Equity Research at JPMorgan, in an interview with CNBC-TV18 predicted India would become the third largest economy over the next few years, and said the size of the Indian economy would double to $7 trillion by 2030.
Hindustan Unilever (HUL) is expected to see a mild revenue growth in Q2FY24 as inflation woes limited volume growth in the quarter. However, the FMCG giant’s net profit is expected to fall as price cuts, royalty payments, and ad spends hit margin expansion. HUL will announce its quarterly result on October 19.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Meeting Date||Company Name||Purpose||Meeting Date|
|AARTIDRUGS||Audited Results;Quarterly Results||19-Oct-23||MODWOOL||Quarterly Results||19-Oct-23|
|ACCELYA||Quarterly Results||19-Oct-23||MPHASIS||Quarterly Results||19-Oct-23|
|ACL||Quarterly Results||19-Oct-23||NESTLEIND||Interim Dividend;Stock Split;Quarterly Results||19-Oct-23|
|AKI||Preferential Issue of shares;General||19-Oct-23||NILACHAL||General;A.G.M.||19-Oct-23|
|ASHIS||Preferential Issue of shares||19-Oct-23||PRERINFRA||General||19-Oct-23|
|COFORGE||Interim Dividend;Quarterly Results||19-Oct-23||PVRINOX||Quarterly Results;General||19-Oct-23|
|CYIENT||Interim Dividend;Quarterly Results||19-Oct-23||RAMAPPR-B||General||19-Oct-23|
|EQUITASBNK||Quarterly Results||19-Oct-23||RKFORGE||Interim Dividend;Quarterly Results;General||19-Oct-23|
|FMEC||Preferential Issue of shares;General||19-Oct-23||SAGCEM||Quarterly Results;General||19-Oct-23|
|GSLSU||Preferential Issue of shares;Issue Of Warrants||19-Oct-23||SHANGAR||Right Issue of Equity Shares||19-Oct-23|
|HATSUN||Quarterly Results||19-Oct-23||SKYGOLD||Preferential Issue of shares;Increase in Authorised Capital;Issue Of Warrants||19-Oct-23|
|HAVELLS||Quarterly Results||19-Oct-23||SOUTHBANK||Quarterly Results||19-Oct-23|
|HINDUNILVR||Interim Dividend;Quarterly Results||19-Oct-23||TANLA||Quarterly Results||19-Oct-23|
|INDOCO||Quarterly Results||19-Oct-23||TATACOFFEE||Quarterly Results||19-Oct-23|
|ITC||Quarterly Results||19-Oct-23||TATACOMM||Quarterly Results||19-Oct-23|
|JSL||Interim Dividend;Quarterly Results||19-Oct-23||UBL||Quarterly Results||19-Oct-23|
|KIRLPNU||Quarterly Results||19-Oct-23||UDS||Quarterly Results||19-Oct-23|
|MASTEK||Quarterly Results||19-Oct-23||UHZAVERI||Increase in Authorised Capital;Quarterly Results;General||19-Oct-23|
|METROBRAND||Quarterly Results;General||19-Oct-23||ULTRACEMCO||Quarterly Results||19-Oct-23|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|BCONCEPTS||19-Oct-23||Final Dividend – Rs. – 0.5000||LTTS||27-Oct-23||Interim Dividend – Rs. – 17.0000|
|RITCO||19-Oct-23||E.G.M.||SHASHIJIT||27-Oct-23||Stock Split From Rs.10/- to Rs.2/-|
|SEMAC||19-Oct-23||Final Dividend – Rs. – 5.0000||SVRL||27-Oct-23||Bonus issue 1:1|
|TCS||19-Oct-23||Interim Dividend – Rs. – 9.0000||TALBROAUTO||27-Oct-23||Stock Split From Rs.10/- to Rs.2/-|
|ANANDRATHI||20-Oct-23||Interim Dividend – Rs. – 5.0000||RKFORGE||30-Oct-23||Interim Dividend|
|ANGELONE||20-Oct-23||Interim Dividend – Rs. – 12.7000||UNJHAFOR||30-Oct-23||E.G.M.|
|DALBHARAT||20-Oct-23||Interim Dividend – Rs. – 4.0000||BALKRISIND||31-Oct-23||Interim Dividend|
|HCLTECH||20-Oct-23||Interim Dividend – Rs. – 12.0000||DRAGARWQ||31-Oct-23||Interim Dividend|
|KPIGREEN||20-Oct-23||Interim Dividend – Rs. – 0.2500||ELECON||31-Oct-23||Interim Dividend|
|INFY||25-Oct-23||Interim Dividend – Rs. – 18.0000||AUTOINT||01-Nov-23||E.G.M.|
|JAYBARMARU||26-Oct-23||Stock Split From Rs.5/- to Rs.2/-||NESTLEIND||01-Nov-23||Interim Dividend|
|KSOLVES||26-Oct-23||Interim Dividend – Rs. – 7.0000||ABHIJIT||02-Nov-23||E.G.M.|
|TCIEXP||26-Oct-23||Interim Dividend – Rs. – 3.0000||HINDUNILVR||02-Nov-23||Interim Dividend|
|ASTRAL||27-Oct-23||Interim Dividend||ASIANPAINT||03-Nov-23||Interim Dividend|
|BCLIL||27-Oct-23||Stock Split From Rs.10/- to Rs.1/-||EMBASSY||03-Nov-23||Income Distribution RITES|
|ICICIGI||27-Oct-23||Interim Dividend||COLPAL||06-Nov-23||Interim Dividend|
|ISEC||27-Oct-23||Interim Dividend – Rs. – 12.0000||SHRIRAMFIN||06-Nov-23||Interim Dividend|
|JSL||27-Oct-23||Interim Dividend||MARICO||07-Nov-23||Interim Dividend|
|LTIM||27-Oct-23||Interim Dividend||TCI||07-Nov-23||Interim Dividend|
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