The NIFTY opened at 19545.20 with a big gap down of 126 points. The index continued drifting downwards but soon found support and bounced up sharply. Prices have recorded its intraday low at 19512.35, rallied higher over 150 points, and filled the entire gap. However, prices could not sustain there and started a downward move. The index moved down for the last one and a half hours of trading and finally closed at 19624.70 with a loss of just 46.40 points or 0.24% down. AUTO outperformed by ending half percent higher followed by FMCG and MEDIA. METAL and oil gas underperformed and ended with a loss of over half percent followed by BANK and FINANCIAL. A rally found resistance around 19850 two days ago, prices drifted downwards and found support around 19350. This is the nature of a sideways market to move towards the extremes.


The BANK NIFTY opened at 43616.75 with a big gap down of 278. The Index started moving downwards from its opening price but found support quickly and bounced up after recording its intraday low at 43558.10. A sharp rally took place and prices have recovered all the losses. The rally continued and the index recorded its intraday high at 44058.80. However, a sharp decline came toward the end of trading session and the index finally closed at 43752.45 with a loss of 142 points. PSU BANK has outperformed, saw an upside move but ended with a marginal gain of just 0.03%. PVT BANK has underperformed, saw a mild downside move and closed with a loss of 0.25%. Within the index, in terms of points, INDUSIND 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.


AMBUJA CEM 437.45 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 440.20 with a stop loss of 435.05 and a target of 450.25.
CROMPTON 295.05 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 294.75 with a stop loss of 296.45 and a target of 291.30.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
MARUTI  10800 CE BUY 89.65 ABOVE 90 75 120 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BAJAJ-AUTO.23.10 Oct 5480.5 6.45 12.86 2683750 ASTRAL.23.10 Oct 1839 -6.21 4.53 3396585
NESTLEIND.23.10 Oct 24114.4 3.41 3.43 287280 IGL.23.10 Oct 458.95 -4.86 4.14 11301125
ULTRACEMCO.23.10 Oct 8542.45 2.86 1.62 1476400 OFSS.23.10 Oct 4024.9 -2.5 2.76 297600
COLPAL.23.10 Oct 2087.85 1.27 0.26 3107300 SBICARD.23.10 Oct 792.4 -0.91 0.03 9567200
BOSCHLTD.23.10 Oct 20236.35 0.44 0.09 110350 ONGC.23.10 Oct 186.15 -0.4 0.27 43890000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GRASIM.23.10 Oct 1976.15 1.03 -22.46 8134375 BANDHANBNK.23.10 Oct 229.5 -3.91 -2.76 58780000
COFORGE.23.10 Oct 5115.7 0.78 -18.37 1187850 WIPRO.23.10 Oct 395.3 -3.16 -3.03 43600500
IDEA.23.10 Oct 12.05 2.55 -17.49 1072400000 GMRINFRA.23.10 Oct 56.6 -2.33 -2.7 123187500
PERSISTENT.23.10 Oct 5855.4 2.41 -16.28 1140475 DABUR.23.10 Oct 525.55 -1.9 -1.99 17298750
RBLBANK.23.10 Oct 246.25 1.95 -12.55 49350000 AUROPHARMA.23.10 Oct 883.8 -1.81 -17.89 13575100

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Indigo 2520 -0.3 1343 716929 74.26 Nifty50 19624.70 -0.24 27822418
Container Corp Of India 710 -0.48 452 1206111 73.04 Niftybank 43754.50 -0.31 11626455
Cholamandalam Investment 1190.05 -0.61 1186 1825828 72.08 Nifty it 31540.05 -0.21 659885
Infosys Limited 1430 -0.25 5715 4803117 70.68 India Vix 10.90 -0.62 387714983
Icici Prudential Life In 520.5 -0.33 392 1960486 68.38 Nifty Fmcg 52516.35 0.14 409010
Pidilite Industries Ltd 2374.85 0 675 218905 67.38 Nifty Pharma 15239.15 -34.25 40986541
Dabur India Ltd. 523 -0.5 3834 2731126 66.72 Nifty Realty 605.90 -0.35 1090636701
Ipca Laboratories Ltd. 946.9 0 131 360085 66.4 Nifty Auto 16618 0.50 36531365
Atul Ltd. 6774.95 0.04 11 36614 66.1 Nifty Metal 6803.30 -0.88 89708169
Godrej Cons Products Ltd 980.25 -0.37 558 626596 65.94 Nifty Financial Services 19500.65 -0.39 3737456

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Bank Loan Growth on 20th October, 2023

INR: FX Reserves, USD on 20th 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 second consecutive session on October 19 with Nifty below 19,650. At close, the Sensex was down 247.78 points or 0.38 percent at 65,629.24, and the Nifty was down 46.40 points or 0.24 percent at 19,624.70. About 1810 shares advanced, 1759 shares declined, and 129 shares unchanged.

  • UltraTech Cement Ltd’s net profit rose 68.8 percent year-on-year (YoY) in the second quarter of 2023-24 to Rs 1,280 crore, driven by increased demand and an uptick in government spending on infrastructure ahead of elections. The company experienced robust volume growth and its bottom line received a boost from reduced fuel and power costs, despite price increases during the quarter.

  • Multiplex chain PVR Inox on October 19 reported a profit of Rs 166.3 crore in the second quarter of fiscal 2024 as against a loss of Rs 81.6 crore in the June quarter on account of the success of films including Jawan, Jailer, and Gadar 2, according to company’s balance sheet.

  • Nestle India Limited on October 19 reported a 36 percent surge in consolidated net profit to Rs 908 crore for the September quarter of FY24 as against Rs 668.3 crore a year ago. Total revenue of the company stood at Rs 5,036 crore, rising 9.6 percent from Rs 4,591 crore a year ago.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AERPACE General;Quarterly Results 20-Oct-23 J&KBANK General;Quarterly Results 20-Oct-23
AIIL General;Quarterly Results 20-Oct-23 JAIMATAG Quarterly Results 20-Oct-23
ATUL Quarterly Results 20-Oct-23 JSWENERGY Quarterly Results 20-Oct-23
BUTTERFLY Quarterly Results 20-Oct-23 JSWSTEEL Quarterly Results 20-Oct-23
CAMEXLTD Quarterly Results 20-Oct-23 JUSTDIAL Quarterly Results 20-Oct-23
CENTRALBK Quarterly Results 20-Oct-23 KAJARIACER Quarterly Results;Interim Dividend 20-Oct-23
CENTURYTEX Quarterly Results 20-Oct-23 KBCGLOBAL General;Quarterly Results 20-Oct-23
CGPOWER Quarterly Results 20-Oct-23 KENVI Quarterly Results 20-Oct-23
CREDITACC General;Quarterly Results 20-Oct-23 KFINTECH Quarterly Results 20-Oct-23
CSBBANK Quarterly Results 20-Oct-23 L&TFH Quarterly Results 20-Oct-23
DIKSAT General 20-Oct-23 LAURUSLABS Quarterly Results;Interim Dividend 20-Oct-23
DRAGARWQ Quarterly Results;Interim Dividend 20-Oct-23 LLOYDSENGG Quarterly Results 20-Oct-23
DRCSYSTEMS General;Quarterly Results 20-Oct-23 MACKINN General 20-Oct-23
ELECON Quarterly Results;General;Interim Dividend 20-Oct-23 MORARJEE Quarterly Results 20-Oct-23
EMERALL General 20-Oct-23 MSRINDIA Quarterly Results 20-Oct-23
EPSOMPRO Quarterly Results 20-Oct-23 NATPEROX General;Final Dividend 20-Oct-23
EXCEL Quarterly Results 20-Oct-23 NUWAY Quarterly Results 20-Oct-23
GLS Quarterly Results 20-Oct-23 ONWARDTEC Quarterly Results 20-Oct-23
GOACARBON Quarterly Results 20-Oct-23 ORCHASP Preferential Issue of shares 20-Oct-23
HINDZINC Quarterly Results 20-Oct-23 PAYTM Quarterly Results 20-Oct-23
ICRA Quarterly Results 20-Oct-23 PILITA Quarterly Results 20-Oct-23
INFOMEDIA Quarterly Results 20-Oct-23 PNBGILTS Quarterly Results 20-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ANANDRATHI 20-Oct-23 Interim Dividend – Rs. – 5.0000 27-Oct-23 Interim Dividend – Rs. – 17.0000
ANGELONE 20-Oct-23 Interim Dividend – Rs. – 12.7000 SHASHIJIT 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
DALBHARAT 20-Oct-23 Interim Dividend – Rs. – 4.0000 SVRL 27-Oct-23 Bonus issue 1:1
HCLTECH 20-Oct-23 Interim Dividend – Rs. – 12.0000 TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
KPIGREEN 20-Oct-23 Interim Dividend – Rs. – 0.2500 RKFORGE 30-Oct-23 Interim Dividend
NEOGEN 20-Oct-23 E.G.M. UNJHAFOR 30-Oct-23 E.G.M.
VICEROY 20-Oct-23 Resolution Plan -Suspension BALKRISIND 31-Oct-23 Interim Dividend
VINNY 23-Oct-23 E.G.M. DRAGARWQ 31-Oct-23 Interim Dividend
INFY 25-Oct-23 Interim Dividend – Rs. – 18.0000 ELECON 31-Oct-23 Interim Dividend
JAYBARMARU 26-Oct-23 Stock  Split From Rs.5/- to Rs.2/- SASKEN 31-Oct-23 Interim Dividend
KSOLVES 26-Oct-23 Interim Dividend – Rs. – 7.0000 STYRENIX 31-Oct-23 Interim Dividend
TCIEXP 26-Oct-23 Interim Dividend – Rs. – 3.0000 AUTOINT 01-Nov-23 E.G.M.
ASTRAL 27-Oct-23 Interim Dividend – Rs. – 1.5000 NESTLEIND 01-Nov-23 Interim Dividend
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/- HINDUNILVR 02-Nov-23 Interim Dividend
ICICIGI 27-Oct-23 Interim Dividend – Rs. – 5.0000 ASIANPAINT 03-Nov-23 Interim Dividend
ISEC 27-Oct-23 Interim Dividend – Rs. – 12.0000 BNALTD 03-Nov-23 E.G.M.
JSL 27-Oct-23 Interim Dividend EMBASSY 03-Nov-23 Income Distribution RITES
LTIM 27-Oct-23 Interim Dividend – Rs. – 20.0000 COLPAL 06-Nov-23 Interim Dividend
LTTS 27-Oct-23 Interim Dividend – Rs. – 17.0000 SHRIRAMFIN 06-Nov-23 Interim Dividend
SHASHIJIT 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/- MARICO 07-Nov-23 Interim Dividend
SVRL 27-Oct-23 Bonus issue 1:1 TCI 07-Nov-23 Interim Dividend

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