The NIFTY opened at 19064.05 with a gap down of just 15 points. Prices initially moved sideways and then broke the range on the downside after recording its intraday high at 19096.05. The index has seen a sharp fall and then started a consolidation again. The range again broke on the downside and prices have seen another leg of decline. A minor rally came and prices again turned down toward the end. Prices have seen a sharp fall in the last 30 minutes of trading and recorded its intraday low at 18973.70. The index finally closed at 18989.15 with a loss of 90.45 points or 0.47% down. REALTY outperformed and closed with gains of 1.55% followed by MEDIA, PHARMA, and OIL GAS, Rest of the sectoral indices have closed lower led by METAL, IT, and AUTO. The recent swing low recorded around 18800 should now act as a support level. Resistance is visible around 19300.


The BANK NIFTY opened at 42694.25 with a gap down of 133 points. The index continued its bearish momentum and started moving lower after the opening tick. However, prices found support quickly and turned up but faced strong resistance and again turned down. This random movement continued for the whole day. In this process, the index recorded its intraday high at 42815.15, its intraday low at 42589.65, and finally closed at 42734.15 with a loss of 93 points. PSU BANK has outperformed, saw a mild upside move, and closed with a gain of 0.32% PVT BANK has underperformed, saw a mild down move, and closed with a loss of 0.47%. Within the index, in terms of points, SBIN contributed the highest on the upside while AXIS BANK contributed the lowest. The recent swing low recorded around 42100 should now act as a support level. Resistance is visible around 43500. A narrow-range day has given us a trading opportunity.


BAJAJ FINSERVE 1572.85 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1580.00 with a stop loss of 1566.95 and a target of 1607.
JSW STEEL 724.45 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 722.80 with a stop loss of 727.65 and a target of 713.10.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
CIPLA   1200 CE BUY 28.55 CMP 25.15 36.50 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDEA.23.11 Nov 12.95 7.92 7.01 1591440000 JINDALSTEL.23.11 Nov 587 -7.76 26.76 31870000
BSOFT.23.11 Nov 574.6 4.86 3.34 8411000 INDIACEM.23.11 Nov 199.2 -5.44 7.42 23379800
INDUSTOWER.23.11 Nov 181.05 4.35 0.2 78659000 AMBUJACEM.23.11 Nov 408.15 -4.38 6.18 62278200
GRANULES.23.11 Nov 339 3.56 4.45 9100000 ADANIENT.23.11 Nov 2222.5 -3.67 2.46 9267900
ZEEL.23.11 Nov 268.55 3.15 3.62 91728000 MGL.23.11 Nov 1006.55 -3.11 8.18 2560800
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SHRIRAMFIN.23.11 Nov 1893.15 1.11 -1.04 7424100 ADANIPORTS.23.11 Nov 772.45 -2.22 -0.59 56644800
MPHASIS.23.11 Nov 2152.45 0.76 -0.13 2494525 TVSMOTOR.23.11 Nov 1563.25 -1.54 -0.06 7070000
OFSS.23.11 Nov 3930 0.7 -0.43 279200 INDIGO.23.11 Nov 2430.15 -1.53 -0.5 6047700
M&MFIN.23.11 Nov 247.4 0.57 -0.64 37912000 DALBHARAT.23.11 Nov 2080.65 -1.44 -0.33 2270250
HINDALCO.23.11 Nov 464.95 0.55 -0.22 30787400 BERGEPAINT.23.11 Nov 552.35 -1.25 -0.14 9253200

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Cummins India Limited 1674.3 -0.13 250623 348399 75.88 Nifty50 18989.15 -0.47 71508
Itc Ltd. 428.1 -0.07 7990245 6406898 74.32 Niftybank 42700.95 -0.34 71505
Hindustan Unilever Ltd 2472.25 -0.47 1267131 678731 73.74 Nifty it 30344.85 -0.78 71505
Havells India Limited 1240.75 -0.43 778047 851770 71.49 India Vix 12.05 1.95 71613
Bharti Airtel Limited 913.45 -0.1 4821458 4071407 71.46 Nifty Fmcg 51087.8 -0.34 71505
Hcl Technologies Ltd. 1258.95 -1.34 1572719 1771521 70.14 Nifty Pharma 14735.25 0.35 71505
Sun Pharma  Ltd 1116.2 2.54 3973264 4469193 69.01 Nifty Realty 612.35 1.55 71505
Container Corp Of India 675.5 -1.85 284653 392275 68.99 Nifty Auto 15835.65 -0.51 71505
Balkrishna Ind. Ltd 2560.15 0.25 162750 130116 68.44 Nifty Metal 6359.9 -1.43 71505
Cipla Ltd 1201.25 0.1 1051902 1170571 68.02 Nifty Financial Services 19144.6 -0.31 71505

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Nikkei Services PMI (Oct) , USD on 3rd November, 2023

INR: FX Reserves, USD  on 3rd October, 2023

USD: FOMC Press Conference on 2nd November, 2023

USD: Initial Jobless Claims on 2nd November, 2023

News Updates

  • Benchmark indices ended lower for the second straight session on November 1 with Nifty below 19,000. At close, the Sensex was down 283.60 points or 0.44 percent at 63,591.33, and the Nifty was down 90.40 points or 0.47 percent at 18,989.20. About 1549 shares advanced, 1892 shares declined, and 129 shares unchanged.

  • Ambuja Cements reported its consolidated net profit at Rs 792.96 crore, registering a growth of 750.99 percent – nearly nine fold – compared to Rs 93.18 crore in the same quarter last year. Its revenue from operations stood at Rs 7,423.95 crore, up 4.10 percent from Rs 7,131.39 crore in the corresponding quarter last fiscal, the Adani Group company said in an exchange filing.

  • Pharma major Sun Pharma on November 1 reported a 5 percent year-on-year rise in consolidated net profit to Rs 2,375.5 crore for the July-September quarter of the current financial year, beating estimates. The company had reported a profit of Rs 2,262.22 crore in the same period last year. Revenue came in at Rs 12,192 crore, up 11.3 percent from the year-ago quarter numbers of Rs 10,952.3 crore.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
360ONE Interim Dividend;Quarterly Results 02-Nov-23 CROPSTER Quarterly Results 02-Nov-23
ADANIENT Quarterly Results 02-Nov-23 DABUR Interim Dividend;Quarterly Results 02-Nov-23
ADANIPOWER Quarterly Results 02-Nov-23 DATAMATICS General;Quarterly Results 02-Nov-23
ADMANUM Quarterly Results 02-Nov-23 DEEPAKFERT Quarterly Results 02-Nov-23
AKZOINDIA Quarterly Results 02-Nov-23 DEEPIND Quarterly Results 02-Nov-23
APTUS Quarterly Results 02-Nov-23 DIAMONDYD Quarterly Results 02-Nov-23
ARL Quarterly Results 02-Nov-23 EIHAHOTELS Quarterly Results 02-Nov-23
ASAHIINDIA General;Quarterly Results 02-Nov-23 FERVENTSYN Quarterly Results 02-Nov-23
ASHIMASYN Quarterly Results 02-Nov-23 GAGAN Quarterly Results 02-Nov-23
ATVPR Quarterly Results 02-Nov-23 GALLANTT General;Quarterly Results 02-Nov-23
BALKRISHNA Quarterly Results 02-Nov-23 GFLLIMITED Quarterly Results 02-Nov-23
BERGEPAINT Quarterly Results 02-Nov-23 GODREJPROP Quarterly Results 02-Nov-23
BLBLIMITED Quarterly Results 02-Nov-23 GOLDENCREST Quarterly Results;General 02-Nov-23
BOMDYEING Quarterly Results 02-Nov-23 GOLKUNDIA Quarterly Results 02-Nov-23
CENTENKA Quarterly Results 02-Nov-23 GUJGAS Quarterly Results;General 02-Nov-23
CHAMANSEQ Quarterly Results 02-Nov-23 HARYNACAP Quarterly Results 02-Nov-23
CHEMPLASTS Quarterly Results 02-Nov-23 HERANBA Quarterly Results 02-Nov-23
CHOLAFIN Quarterly Results 02-Nov-23 HIKAL Quarterly Results 02-Nov-23
CLEAN Quarterly Results 02-Nov-23 HMVL Quarterly Results 02-Nov-23
COMPUAGE Audited Results 02-Nov-23 IEX Quarterly Results 02-Nov-23
CONCOR Interim Dividend;General;Quarterly Results 02-Nov-23 IFBIND Quarterly Results 02-Nov-23
CRESSAN General;Quarterly Results 02-Nov-23 IMFA Interim Dividend;Quarterly Results 02-Nov-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ABHIJIT 02-Nov-23 E.G.M. DBCORP 07-Nov-23 Interim Dividend – Rs. – 2.0000
BEPL 02-Nov-23 Interim Dividend – Rs. – 1.0000 MARICO 07-Nov-23 Interim Dividend – Rs. – 3.0000
CANTABIL 02-Nov-23 Stock  Split From Rs.10/- to Rs.2/- ORIENTCQ 07-Nov-23 Interim Dividend – Rs. – 7.0000
COFORGE 02-Nov-23 Interim Dividend – Rs. – 19.0000 SIYSIL 07-Nov-23 Interim Dividend – Rs. – 4.0000
HINDUNILVR 02-Nov-23 Interim Dividend – Rs. – 18.0000 SONATSOFTW 07-Nov-23 Interim Dividend – Rs. – 7.0000
KAJARIACER 02-Nov-23 Interim Dividend – Rs. – 6.0000 SUPREMEIND 07-Nov-23 Interim Dividend – Rs. – 8.0000
LAURUSLABS 02-Nov-23 Interim Dividend – Rs. – 0.4000 TCI 07-Nov-23 Interim Dividend – Rs. – 2.5000
SHAREINDIA 02-Nov-23 Interim Dividend – Rs. – 3.0000 VAIBHAVGBL 07-Nov-23 Interim Dividend – Rs. – 1.5000
TECHM 02-Nov-23 Interim Dividend – Rs. – 12.0000 VENUSPIPES 07-Nov-23 Interim Dividend – Rs. – 0.5000
ASIANPAINT 03-Nov-23 Interim Dividend – Rs. – 5.1500 BIGBLOC 08-Nov-23 Interim Dividend – Rs. – 0.2000
BNALTD 03-Nov-23 E.G.M. BSOFT 08-Nov-23 Interim Dividend – Rs. – 2.5000
EMBASSY 03-Nov-23 Income Distribution RITES DPWIRES 08-Nov-23 Bonus issue 1:7
GSTL 03-Nov-23 Right Issue of Equity Shares GESHIP 08-Nov-23 Interim Dividend – Rs. – 6.3000
NTPC 03-Nov-23 Interim Dividend – Rs. – 2.2500 OBEROIRLTY 08-Nov-23 Interim Dividend – Rs. – 2.0000
RAILTEL 03-Nov-23 Interim Dividend – Rs. – 1.0000 RITES 08-Nov-23 Interim Dividend – Rs. – 4.5000
ROUTE 03-Nov-23 Interim Dividend – Rs. – 3.0000 SPLPETRO 08-Nov-23 Interim Dividend – Rs. – 2.0000
SYMPHONY 03-Nov-23 Interim Dividend – Rs. – 2.0000 GODREJCP 09-Nov-23 Interim Dividend
UJAAS 03-Nov-23 Resolution Plan -Suspension HPAL 09-Nov-23 Stock  Split From Rs.10/- to Rs.2/-
COLPAL 06-Nov-23 Interim Dividend – Rs. – 22.0000 INDIGRID 09-Nov-23 Income Distribution (InvIT)
IRB 06-Nov-23 Interim Dividend – Rs. – 0.1000 NAM-INDIA 09-Nov-23 Interim Dividend – Rs. – 5.5000
MPSLTD 06-Nov-23 Interim Dividend – Rs. – 30.0000 360ONE 10-Nov-23 Interim Dividend
SHRIRAMFIN 06-Nov-23 Interim Dividend – Rs. – 20.0000 ADFFOODS 10-Nov-23 Special Dividend – Rs. – 4.0000

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