The NIFTY opened at 18928.75 with a big gap up of 71 points. The index continued its early morning bullish movement and started moving higher from its opening tick. Prices have recorded its intraday low at 18926.65 just below the opening tick in its initial trades and saw a sharp upside move. Minor dips in between found support quickly and prices kept on moving higher. The index recorded its intraday high at 19076.15 and moved sideways towards the end. Prices have closed at 19047.25 with a gain of 190 points or 1.01% up. All the sectoral indices have moved up and closed with a gain led by MEDIA which ended 2.58% higher. The rally was almost equally distributed as most of the sectoral indices gained over 1%. Since the trend is down, we should look for shorting opportunities only. However, we may see a consolidation process here after some wide movement.


The BANK NIFTY opened at 42708.40 with a gap down of 140 points. The index continued its prevailing downtrend and drifted downward from its opening tick after recording its intraday high at 42716.20. Prices moved down till the afternoon, found support around 42100, and then started a consolidation process. The consolidation lasted till the end, prices recorded its intraday low at 42105.40 and finally closed at 42288.15 with a loss of 560 points. PSU and PVT BANK, both indices have performed almost the same, saw a sharp downside move, and closed with a loss of about 1%. Within the index, in terms of points, AXIS BANK contributed the highest on the upside followed while HDFC BANK contributed the least. The short-term trend is down now as the index has broken down decisively its another support level of around 42500. Prices closed lower for the sixth consecutive trading day. It is possible that we may see a pause or a consolidation soon. However, we should look for shorting opportunity only as far as prices are moving below 42500 levels.


COLPAL 2080.50 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 2090.50 with a stop loss of 2050.50 and a target of 2196.50.
HDFC LIFE 608.65 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 607.15 with a stop loss of 613.70 and a target of 589.10.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
NIFTY  19000 CE BUY 90.20 CMP 78.50 144 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
SHRIRAMFIN.23.11 Nov 1929.05 7.07 4083.11 7353900 JUBLFOOD.23.11 Nov 497.05 -2.02 540.21 22527500
CANBK.23.11 Nov 383.25 6.86 1937.85 47098800 IGL.23.11 Nov 382.95 -1 687.78 15955500
RBLBANK.23.11 Nov 227.75 5.42 826.65 41722500 METROPOLIS.23.11 Nov 1393.35 -0.96 1699.15 1698400
PNB.23.11 Nov 73.45 5.38 3002.06 265040000 LAURUSLABS.23.11 Nov 356.9 -0.65 425.27 14171200
ZEEL.23.11 Nov 250.9 5.16 4512.58 86901000 ACC.23.11 Nov 1890.5 -0.65 1821.1 5434800
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BALRAMCHIN.23.11 Nov 404 -0.55 -86.23 387200

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Ultratech Cement Limited 8210.15 0.06 227682 494690 77.61 Nifty50 19047.25 1.01 33906596
Dabur India Ltd. 524.55 3.17 2125985 1763329 73.45 Niftybank 42782 1.19 15092860
Hindustan Unilever Ltd 2482.05 0.23 1784812 1943446 73.32 Nifty it 30599.7 1.24 883455
Larsen & Toubro Limited 2901.9 1.3 2399538 2316267 70.49 India Vix 10.9 -7.08 562827547
Godrej Cons Products Ltd 987.25 2.43 783105 453280 69.51 Nifty Fmcg 51395 0.89 460344
Indigo 2471.25 2.45 371457 521643 69.07 Nifty Pharma 14738.5 0.61 43731601
Apollo Hospitals Ltd 4830.2 1.47 333727 566432 67.68 Nifty Realty 583 1.95 1108506951
Laurus Labs Limited 356.8 -0.64 1305960 3376715 65.81 Nifty Auto 16169.15 1.35 39929707
Hcl Technologies Ltd. 1268.7 3 2675348 3037087 65.77 Nifty Metal 6453.1 0.86 99889731
Reliance Industries Ltd 2265.8 1.77 5885542 5001208 65.71 Nifty Financial Services 19129.15 1.09 4612534

Upcoming Economic Data

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

INR: RBI Monetary and Credit Information Review  on 31st October, 2023

USD: CB Consumer Confidence (Oct) on 31st October, 2023

USD: ISM Manufacturing PMI (Oct) on 1st November, 2023

News Updates

  • benchmark indices snapped the six-day losing streak and closed with gains on October 27. Most sectors contributed to the up move wherein realty, energy and financials were among the top performers. The 50-share NSE Nifty added 190 points or 1.01 percent to 19,047.25. BSE flagship Sensex rose 1.01 percent or 634.65 points to 63,782.80.

  • Dr Reddy’s Laboratories on October 27 reported its highest-ever consolidated net profit at Rs 1,480 crore in the July-September quarter, up a 33 percent year-on-year (YoY). The Hyderabad-based pharma firm reported a profit of Rs 1,112.80 crore in the year-ago period. Revenue also came at a record high of Rs 6,880.20 crore, up 9 percent from the Rs 6,305.70 crore in the year-ago quarter.

  • Bajaj Finserv on October 27 reported a 24 percent rise in its net profit to Rs 1,929 crore. In a year ago period, the net profit of the company stood at Rs 1,557 crore. In the reporting quarter, consolidated total income of the company rose 25 percent on-year to Rs 26,023 crore, from Rs 20,803 crore in a year ago period. Bajaj Finserv recorded quarterly increase in the customer franchise of 3.58 million and number of new loans booked of 8.53 million in 02 FY24.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ACROW Quarterly Results 30-Oct-23 EMKAY Quarterly Results 30-Oct-23
ADANIGREEN Quarterly Results 30-Oct-23 ENKEIWHEL Quarterly Results 30-Oct-23
ADORMUL General;Quarterly Results 30-Oct-23 FILATEX Quarterly Results 30-Oct-23
AHASOLAR Half Yearly Results 30-Oct-23 FINEORG Quarterly Results 30-Oct-23
ANDHRAPAP Quarterly Results 30-Oct-23 GENUSPRIME Quarterly Results 30-Oct-23
ANUP Quarterly Results 30-Oct-23 GETALONG Half Yearly Results 30-Oct-23
APLAPOLLO Quarterly Results 30-Oct-23 GGENG General;Quarterly Results 30-Oct-23
APTPACK Quarterly Results 30-Oct-23 GMRINFRA Quarterly Results 30-Oct-23
BANDARAM General;Quarterly Results 30-Oct-23 GOKEX Quarterly Results 30-Oct-23
BBL Quarterly Results 30-Oct-23 GUJARATPOLY Quarterly Results 30-Oct-23
BHARAT Quarterly Results 30-Oct-23 GUJINTRX Quarterly Results 30-Oct-23
BLUESTARCO Quarterly Results 30-Oct-23 IFBIND Quarterly Results 30-Oct-23
BRPL Quarterly Results 30-Oct-23 JAGRAN Quarterly Results 30-Oct-23
CASTROLIND Quarterly Results 30-Oct-23 JKIL Quarterly Results 30-Oct-23
CGVAK General;Quarterly Results 30-Oct-23 JMJFIN Quarterly Results;Preferential Issue of shares 30-Oct-23
CRAFTSMAN General;Quarterly Results 30-Oct-23 JYOTIRES Quarterly Results 30-Oct-23
DAAWAT Quarterly Results 30-Oct-23 KARTKIN Quarterly Results 30-Oct-23
DCMSHRIRAM Quarterly Results 30-Oct-23 KKFIN Voluntary Delisting of Shares 30-Oct-23
DCXINDIA Quarterly Results 30-Oct-23 KPITTECH Quarterly Results 30-Oct-23
DENORA Quarterly Results 30-Oct-23 KSL Quarterly Results 30-Oct-23
DIVSHKT Quarterly Results 30-Oct-23 LGBBROSLTD Audited Results 30-Oct-23
DLF Quarterly Results 30-Oct-23 MAHEPC Quarterly Results 30-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
HAPPSTMNDS 30-Oct-23 Interim Dividend – Rs. – 2.5000 ASIANPAINT 03-Nov-23 Interim Dividend – Rs. – 5.1500
RKFORGE 30-Oct-23 Interim Dividend – Rs. – 1.0000 BNALTD 03-Nov-23 E.G.M.
UNJHAFOR 30-Oct-23 E.G.M. EMBASSY 03-Nov-23 Income Distribution RITES
BALKRISIND 31-Oct-23 Interim Dividend – Rs. – 4.0000 NTPC 03-Nov-23 Interim Dividend
DRAGARWQ 31-Oct-23 Interim Dividend – Rs. – 2.5000 RAILTEL 03-Nov-23 Interim Dividend – Rs. – 1.0000
ELECON 31-Oct-23 Interim Dividend – Rs. – 1.0000 ROUTE 03-Nov-23 Interim Dividend
SASKEN 31-Oct-23 Interim Dividend – Rs. – 12.0000 SYMPHONY 03-Nov-23 Interim Dividend – Rs. – 2.0000
STYRENIX 31-Oct-23 Interim Dividend – Rs. – 22.0000 UJAAS 03-Nov-23 Resolution Plan -Suspension
TIPSINDLTD 31-Oct-23 Interim Dividend – Rs. – 2.0000 COLPAL 06-Nov-23 Interim Dividend – Rs. – 22.0000
AUTOINT 01-Nov-23 E.G.M. IRB 06-Nov-23 Interim Dividend
CYIENT 01-Nov-23 Interim Dividend – Rs. – 12.0000 MPSLTD 06-Nov-23 Interim Dividend
IRBINVIT 01-Nov-23 Income Distribution (InvIT) SHRIRAMFIN 06-Nov-23 Interim Dividend – Rs. – 20.0000
NESTLEIND 01-Nov-23 Interim Dividend – Rs. – 140.0000 DBCORP 07-Nov-23 Interim Dividend – Rs. – 2.0000
ABHIJIT 02-Nov-23 E.G.M. MARICO 07-Nov-23 Interim Dividend
BEPL 02-Nov-23 Interim Dividend – Rs. – 1.0000 ORIENTCQ 07-Nov-23 Interim Dividend – Rs. – 7.0000
CANTABIL 02-Nov-23 Stock  Split From Rs.10/- to Rs.2/- SIYSIL 07-Nov-23 Interim Dividend
COFORGE 02-Nov-23 Interim Dividend – Rs. – 19.0000 SONATSOFTW 07-Nov-23 Interim Dividend – Rs. – 7.0000
HINDUNILVR 02-Nov-23 Interim Dividend – Rs. – 18.0000 SUPREMEIND 07-Nov-23 Interim Dividend
KAJARIACER 02-Nov-23 Interim Dividend – Rs. – 6.0000 TCI 07-Nov-23 Interim Dividend
LAURUSLABS 02-Nov-23 Interim Dividend – Rs. – 0.4000 VAIBHAVGBL 07-Nov-23 Interim Dividend
SHAREINDIA 02-Nov-23 Interim Dividend – Rs. – 3.0000 VENUSPIPES 07-Nov-23 Interim Dividend – Rs. – 0.5000
TECHM 02-Nov-23 Interim Dividend – Rs. – 12.0000 BIGBLOC 08-Nov-23 Interim Dividend

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