The NIFTY opened at 19286.45 with a gap up of just 5 points. Initially, prices moved higher for about one hour and then took a V-shaped reversal after recording its intraday high at 19347.30. Prices have seen a sharp intraday decline and broken below 19250. The index moved further downside and recorded its intraday low at 19074.15 and then started a consolidation. That consolidation lasted till the end. Prices have seen a mild recovery and finally closed at 19122.15 with a loss of 159.60 points or 0.83% down. All the sectoral indices have moved down and closed with a loss except METAL which ended with a gain of 0.15%. MEDIA and IT led the bears as the sector ended more than 1% lower followed by BANK, FINANCIAL, and PHARMA. Fresh support is now visible around 19000 while resistance is visible around 19500. The index is moving toward the support level sharply. The last two days were very wide hence prices may trade narrow and choppy for the next couple of days.


The BANK NIFTY opened at 43308.30 with a gap up of 279 points. The index initially moved higher but soon started a consolidation process. Prices could not hold gains and eventually broke on the downside after recording its intraday high at 43397.45. The index has seen a sharp decline afterward which lasted till the end. Prices have recorded its intraday low at 42758.40 and finally closed at 42848.15 with a loss of 338 points. PSU BANK has outperformed, saw a mild upside rally and finally closed with a gain of 0.17%. PVT BANK has underperformed, saw a sharp downside move and closed lower by 0.99%. Within the index, in terms of points, SBIN contributed the highest on the downside followed by ICICI BANK. Support is now visible around 42500 while resistance is visible around 44000. We should look for shorting opportunity only as far as prices are moving below 44000 resistance.


AU BANK 706.25 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 709.20 with a stop loss of 704.75 and a target of 718.15.
GODREJ PROP 1582.00 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1575.50 with a stop loss of 1589.35 and a target of 1547.25.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
PERSISTENT (NOV)  5900 CE BUY 215.10 CMP 193.20 260.00 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
ALKEM.23.10 Oct 3590.4 1.48 -66.16 102000 SHRIRAMFIN.23.10 Oct 1815.9 -3.23 -52.13 1969200
APOLLOTYRE.23.10 Oct 375.6 0.87 -65.91 2028100 BHARATFORG.23.10 Oct 1029.55 -2.78 -49.79 2657000
TORNTPHARM.23.10 Oct 1922.75 2.4 -65.18 344500 GODREJPROP.23.10 Oct 1584 -2.75 -49.98 1117200
PEL.23.10 Oct 977.1 0.49 -64.62 1977000 LALPATHLAB.23.10 Oct 2384.1 -2.7 -27.36 516900
TRENT.23.10 Oct 1991.3 0.08 -64.06 793200 JKCEMENT.23.10 Oct 3096.55 -2.52 -62.25 141000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Mah & Mah Ltd. 1569.1 0.25 2510769 3310331 81.35 Nifty50 19122.15 -0.83 35410000
Indigo 2428.95 1.59 916854 632393 71.39 Niftybank 42832 -0.74 15793094
Hindustan Unilever Ltd 2477.3 -0.25 1435836 657115 71.22 Nifty it 30530.5 -1.03 898212
Bharti Airtel Limited 922.6 -1.78 6365249 1503450 68.96 India Vix 11.31 3.76 595584884
Godrej Cons Products Ltd 975 -0.6 720572 504490 67.78 Nifty Fmcg 51216.85 -0.4 435828
Larsen & Toubro Limited 2916.1 -1.43 2108353 1081955 67.03 Nifty Pharma 14800.15 -0.75 45705848
Bharat Petroleum Ltd 339.95 -0.83 2714887 2614620 66.92 Nifty Realty 578.8 -0.96 1169050821
Kotak Mahindra Bank Limi 1728.05 -0.73 3512668 4994292 66.18 Nifty Auto 16210.45 -0.41 41840822
Dabur India Ltd. 517.9 -0.66 2014418 997898 64.97 Nifty Metal 6503.65 0.15 104023040
Sbi Life Insurance Compa 1314.15 -1.81 945901 616966 63.2 Nifty Financial Services 19224.1 -0.93 4140288

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 27th October, 2023

INR: Infrastructure Output (YoY) (Sep) , USD on 31st October, 2023

USD: Fed Chair Powell Speaks on 26th October, 2023

USD: GDP (QoQ) (Q3) on 26th October, 2023

News Updates

  • Indian benchmark indices ended lower for the fifth consecutive session on October 25 with Nifty around 19,100. At close, the Sensex was down 522.82 points or 0.81 percent at 64,049.06, and the Nifty was down 159.60 points or 0.83 percent at 19,122.20. About 1162 shares advanced, 2404 shares declined, and 100 shares unchanged.

  • Registrar and transfer agency KFin Technologies is keen on expanding its international presence, which has a higher margin. While it is well-positioned in Malaysia, Thailand, and the Philippines, it also recently entered the Canada and Singapore markets. Looking ahead, the company is setting sights on the United States and Europe as well.

  • Imported coal-based power plants have to run on 100% capacity till June. The eight-month long extension has been directed by the Ministry of Power owing to a surge in electricity demand, inadequate supply of domestic coal and reduced hydropower generation.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AAVAS Quarterly Results 26-Oct-23 DRA General 26-Oct-23
ABSLAMC Quarterly Results 26-Oct-23 ECORECO Quarterly Results 26-Oct-23
ACC Quarterly Results 26-Oct-23 FUTURSEC Quarterly Results 26-Oct-23
ACGL Quarterly Results 26-Oct-23 GLFL Quarterly Results 26-Oct-23
AFFLE Preferential Issue of shares 26-Oct-23 HOMEFIRST General;Quarterly Results 26-Oct-23
AGI Quarterly Results 26-Oct-23 IDEA Quarterly Results 26-Oct-23
ALLSEC Quarterly Results;Interim Dividend 26-Oct-23 INDIANB Quarterly Results 26-Oct-23
APARINDS Quarterly Results 26-Oct-23 INDOWIND Issue Of Warrants 26-Oct-23
APCOTEXIND Quarterly Results;Audited Results 26-Oct-23 INDRENEW Quarterly Results 26-Oct-23
APOLLOPIPES Quarterly Results 26-Oct-23 INVIGO Quarterly Results 26-Oct-23
ASAL Quarterly Results 26-Oct-23 ISMTLTD Quarterly Results 26-Oct-23
ASIANPAINT Quarterly Results;Interim Dividend 26-Oct-23 JHACC Quarterly Results 26-Oct-23
BTML Rights Issue;General;Increase in Authorised Capital 26-Oct-23 JINDALSAW Quarterly Results;General 26-Oct-23
CANBK Quarterly Results 26-Oct-23 KABRAEXTRU Quarterly Results 26-Oct-23
CHADPAP Quarterly Results 26-Oct-23 KBCGLOBAL General;Quarterly Results 26-Oct-23
CHANDRAP General;Quarterly Results 26-Oct-23 KESAR Half Yearly Results 26-Oct-23
CHEMFABALKA Quarterly Results 26-Oct-23 KEYCORP Quarterly Results 26-Oct-23
COLPAL Quarterly Results;Interim Dividend 26-Oct-23 KOLTEPATIL General 26-Oct-23
COROMANDEL Quarterly Results 26-Oct-23 LLOYDSENT Quarterly Results 26-Oct-23
DAICHI Quarterly Results 26-Oct-23 LXCHEM Quarterly Results 26-Oct-23
DBCORP Quarterly Results;Interim Dividend 26-Oct-23 MAHSCOOTER Quarterly Results 26-Oct-23
DIXON Quarterly Results;Employees Stock Option Plan 26-Oct-23 MAXINDIA Quarterly Results 26-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
JAYBARMARU 26-Oct-23 Stock  Split From Rs.5/- to Rs.2/- STYRENIX 31-Oct-23 Interim Dividend – Rs. – 22.0000
KSOLVES 26-Oct-23 Interim Dividend – Rs. – 7.0000 TIPSINDLTD 31-Oct-23 Interim Dividend – Rs. – 2.0000
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 CYIENT 01-Nov-23 Interim Dividend – Rs. – 12.0000
AURIONPRO 27-Oct-23 E.G.M. IRBINVIT 01-Nov-23 Income Distribution (InvIT)
BCLIL 27-Oct-23 Stock  Split From Rs.10/- to Rs.1/- NESTLEIND 01-Nov-23 Interim Dividend – Rs. – 140.0000
ICICIGI 27-Oct-23 Interim Dividend – Rs. – 5.0000 ABHIJIT 02-Nov-23 E.G.M.
ISEC 27-Oct-23 Interim Dividend – Rs. – 12.0000 BEPL 02-Nov-23 Interim Dividend – Rs. – 1.0000
JSL 27-Oct-23 Interim Dividend – Rs. – 1.0000 COFORGE 02-Nov-23 Interim Dividend – Rs. – 19.0000
LTIM 27-Oct-23 Interim Dividend – Rs. – 20.0000 HINDUNILVR 02-Nov-23 Interim Dividend – Rs. – 18.0000
LTTS 27-Oct-23 Interim Dividend – Rs. – 17.0000 KAJARIACER 02-Nov-23 Interim Dividend – Rs. – 6.0000
SHASHIJIT 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/- LAURUSLABS 02-Nov-23 Interim Dividend – Rs. – 0.4000
SPITZE 27-Oct-23 Bonus issue 1:1 SHAREINDIA 02-Nov-23 Interim Dividend
SVRL 27-Oct-23 Bonus issue 1:1 TECHM 02-Nov-23 Interim Dividend
TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/- ASIANPAINT 03-Nov-23 Interim Dividend
HAPPSTMNDS 30-Oct-23 Interim Dividend – Rs. – 2.5000 BNALTD 03-Nov-23 E.G.M.
RKFORGE 30-Oct-23 Interim Dividend – Rs. – 1.0000 EMBASSY 03-Nov-23 Income Distribution RITES
UNJHAFOR 30-Oct-23 E.G.M. NTPC 03-Nov-23 Interim Dividend
BALKRISIND 31-Oct-23 Interim Dividend – Rs. – 4.0000 RAILTEL 03-Nov-23 Interim Dividend
DRAGARWQ 31-Oct-23 Interim Dividend – Rs. – 2.5000 ROUTE 03-Nov-23 Interim Dividend
ELECON 31-Oct-23 Interim Dividend – Rs. – 1.0000 SYMPHONY 03-Nov-23 Interim Dividend
SASKEN 31-Oct-23 Interim Dividend – Rs. – 12.0000 UJAAS 03-Nov-23 Resolution Plan -Suspension

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