The NIFTY opened at 19767 with a gap up of 78 points. The index continued its bullish momentum and moved further on the higher side after recording its intraday low at 19756.95. A sharp rally came and prices crossed above 19800. However, the index found resistance just below 19850 and saw a down move. The decline could not last long and prices found support around 19800. The NIFTY spent the rest of the day within the 19800-19850 zone, recorded its intraday high at 19839.20, and finally closed at 19811.35 with a gain of 121.50 points or 0.62% up. All the sectoral indices have closed with a gain for the second consecutive trading day led by AUTO, FMCG, MEDIA, REALTY, and OIL GAS as they have closed with a gain of nearly 1%. The index has started making a bullish pattern of Higher Highs and Higher Lows. Support is now visible around 19500 while the resistance may emerge around 20000 levels. We should look for buying only on any intraday dip or consolidation breakouts.


The BANK NIFTY opened at 44554.9 with a gap up of 176 points. The index initially moved higher but found resistance quickly and started drifting downwards after recording its intraday high at 44710.55. The index kept on sliding lower for almost the whole day, recorded its intraday low at 44411.40, and finally closed at 44519.85 with a gain of 141 points. PSU BANK has underperformed, saw a sharp downside move, and ended with a loss of 0.73 %. PVT BANK has outperformed, saw a mild up move, and closed with a gain of 0.51%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while BANK BARODA contributed the lowest. “The short-term trend is sideways. A trading range is now visible on the daily timeframe chart with support around 43800 and resistance around 44800.”


HDFC BANK 1539.60 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1540.00 with a stop loss of 1531.00 and a target of 1599.90.
HCL TECH 1245.60 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1240.85 with a stop loss of 1254.25 and a target of 1214.35.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
INDUSIND BANK  1440 CE BUY 24.35 CMP 21.50 32.25 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CUB.23.10 Oct 141.2 4.4 8.8 43215000 ICICIPRULI.23.10 Oct 528 -2.71 21.47 8716500
RAMCOCEM.23.10 Oct 986.5 3.74 3.16 3745950 BANKBARODA.23.10 Oct 207.95 -3.32 20.51 134000100
WIPRO.23.10 Oct 423.4 3.41 4.99 44560500 COFORGE.23.10 Oct 5125 -1.56 20.16 1520550
GRASIM.23.10 Oct 1981 3.09 0.99 12100150 INDIAMART.23.10 Oct 2826.9 -0.17 15.5 746700
INDUSTOWER.23.10 Oct 193.1 2.66 0.46 81402800 MPHASIS.23.10 Oct 2484.45 -0.06 9.02 2732950
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MCX.23.10 Oct 2152.95 2.8 -6.13 2362800 INFY.23.10 Oct 1483 -0.67 -4.44 17384800
BANKNIFTY.23.10 Oct 44702.95 0.39 -5.66 2168910 COROMANDEL.23.10 Oct 1150 -2.24 -4.13 1332800
ULTRACEMCO.23.10 Oct 8350.5 2.07 -4.7 1547900 COALINDIA.23.10 Oct 301.8 -0.64 -3.67 72286200
FINNIFTY.23.10 Oct 20018.85 0.37 -4.46 65120 L&TFH.23.10 Oct 133.95 -0.04 -3.41 69036064
TITAN.23.10 Oct 3284.35 0.13 -3.7 5416500 TATACONSUM.23.10 Oct 890.5 -0.12 -3.04 9459000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hindustan Unilever Ltd 2556.4 1.6 1697398 847090 77.55 Nifty50 19811.35 0.62 71595
Reliance Industries Ltd 2345.05 1.59 4907059 3955663 77.29 Niftybank 44516.9 0.35 71595
Max Financial Services l 908 1.58 1242557 883145 77.06 Nifty it 32548.05 -0.07 71595
Asian Paints Limited 3163.9 0.39 1025317 639389 75.46 India Vix 10.99 -2.48 84837
Larsen & Toubro Limited 3088.7 0.41 2066921 1166374 75.16 Nifty Fmcg 52254.45 0.87 71595
Pidilite Industries Ltd 2487.65 1.53 449170 212433 73.73 Nifty Pharma 15176.6 0.46 71595
Petronet Lng Limited 224.75 -0.09 2705182 2282585 73.03 Nifty Realty 611.3 0.84 71595
Bharti Airtel Limited 955.6 0.76 5645289 5627617 71.25 Nifty Auto 16175.8 0.92 71595
Sun Pharma  Ltd 1128.75 0.2 1456045 762018 69.78 Nifty Metal 6812.15 0.43 71595
Crompton Greaves Consume 299.7 0.57 1245206 1078986 69.39 Nifty Financial Services 19929.75 0.48 71595

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Sep) on 12th October, 2023

INR: Cumulative Industrial Production (Aug) on 12th October, 2023

USD: CPI (MoM) (Sep) on 12th October, 2023

USD: Initial Jobless Claims on 12th October, 2023

News Updates

  • Benchmark indices ended higher for the second consecutive session on October 11 with Nifty above 19,800 supported by buying across the sectors barring PSU Bank. At close, the Sensex was up 393.69 points or 0.60 percent at 66,473.05, and the Nifty was up 121.50 points or 0.62 percent at 19,811.30. About 2275 shares advanced, 1283 shares declined, and 132 shares unchanged.

  • Funds flow into Systemic Investment Plans (SIPs) reached an all-time high of Rs 16,402 crore in September, beating the earlier record of Rs 15,814 crore posted last month, according to the data from the Association of Mutual Funds in India (AMFI).

  • MCX touched a 52-week high of Rs 2,179.45 on October 11 after the company’s announcement of shifting to a new platform excited investors. The stock was trading 3.28 percent up at Rs 2,168.75 at 11.49 am on the National Stock Exchange.

  • The government may consider offloading only 3.5 percent of its 29.5 percent stake in Hindustan Zinc Limited (HZL) via the offer for sale (OFS) route in the initial tranche, as investor interest remains grim and retaining 26 percent will enable the continuation of some rights as a shareholder, a government official said.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AJWAFUN General 12-Oct-23 VALUEIND Quarterly Results;Audited Results 12-Oct-23
ANANDRATHI Quarterly Results;Interim Dividend 12-Oct-23 VANDANA Quarterly Results;General 12-Oct-23
ANGELONE Quarterly Results;Interim Dividend 12-Oct-23 VIDEOIND Quarterly Results;Audited Results 12-Oct-23
ASHIS Preferential Issue of shares 12-Oct-23 ABHIJIT General 13-Oct-23
AYOME General 12-Oct-23 AMAL Quarterly Results 13-Oct-23
DECCAN Issue Of Warrants;Preferential Issue of shares 12-Oct-23 ARTSONEN Quarterly Results 13-Oct-23
EMERALD Quarterly Results 12-Oct-23 AUTOIND Increase in Authorised Capital;Preferential Issue of shares;General 13-Oct-23
FACORALL Quarterly Results 12-Oct-23 BIRLAMONEY Quarterly Results 13-Oct-23
HCLTECH Quarterly Results;Interim Dividend 12-Oct-23 COROENGG Quarterly Results 13-Oct-23
HDFCAMC Quarterly Results 12-Oct-23 DEN Quarterly Results 13-Oct-23
INDXTRA Quarterly Results 12-Oct-23 GGL Rights Issue;General 13-Oct-23
INFY Interim Dividend;Audited Results 12-Oct-23 GGPL Quarterly Results 13-Oct-23
ITHL Quarterly Results 12-Oct-23 GTNINDS General 13-Oct-23
JTLIND Quarterly Results 12-Oct-23 GUJHOTE Quarterly Results 13-Oct-23
KEIL General 12-Oct-23 HATHWAYB Quarterly Results 13-Oct-23
KESORAMIND Quarterly Results 12-Oct-23 HDFCLIFE Quarterly Results 13-Oct-23
KRL Quarterly Results;General 12-Oct-23 KALAMANDIR Quarterly Results 13-Oct-23
KRRAIL General 12-Oct-23 KIDUJA Issue Of Warrants 13-Oct-23
ROSELABS Quarterly Results 12-Oct-23 MACINTR General 13-Oct-23
SHAH Quarterly Results 12-Oct-23 MAGNUM Right Issue of Equity Shares 13-Oct-23
SICAL Quarterly Results 12-Oct-23 MERCTRD Increase in Authorised Capital;General 13-Oct-23
TATAMETALI Audited Results 12-Oct-23 PREMCAP Quarterly Results 13-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADVLIFE 13-Oct-23 Bonus issue 1:1 VINNY 23-Oct-23 E.G.M.
INFRATRUST 13-Oct-23 Income Distribution (InvIT) TCIEXP 26-Oct-23 Interim Dividend
MRP 13-Oct-23 Bonus issue 2:1 BCLIL 27-Oct-23 Stock  Split From Rs.10/- to Rs.1/-
RMC 13-Oct-23 Bonus issue 1:2 ICICIGI 27-Oct-23 Interim Dividend
CASPIAN 17-Oct-23 Final Dividend – Rs. – 0.0500 ISEC 27-Oct-23 Interim Dividend
GENSOL 17-Oct-23 Bonus issue 2:1 LTIM 27-Oct-23 Interim Dividend
GLS 17-Oct-23 Interim Dividend – Rs. – 22.5000 SVRL 27-Oct-23 Bonus issue 1:1
KAMAHOLD 17-Oct-23 Bonus issue 4:1 TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
RUDRA 18-Oct-23 Bonus issue 1:1 UNJHAFOR 30-Oct-23 E.G.M.
RUDRA 18-Oct-23 Stock  Split From Rs.10/- to Rs.5/- ELECON 31-Oct-23 Interim Dividend
BCONCEPTS 19-Oct-23 Final Dividend – Rs. – 0.5000 NESTLEIND 01-Nov-23 Interim Dividend
RITCO 19-Oct-23 E.G.M. HINDUNILVR 02-Nov-23 Interim Dividend
SEMAC 19-Oct-23 Final Dividend – Rs. – 5.0000 ASIANPAINT 03-Nov-23 Interim Dividend
TCS 19-Oct-23 Interim Dividend EMBASSY 03-Nov-23 Income Distribution RITES
ANANDRATHI 20-Oct-23 Interim Dividend HPAL 09-Nov-23 Stock  Split From Rs.10/- to Rs.2/-
ANGELONE 20-Oct-23 Interim Dividend INSECTICID 10-Nov-23 Interim Dividend
HCLTECH 20-Oct-23 Interim Dividend PGHL 13-Nov-23 Final Dividend – Rs. – 50.0000
KPIGREEN 20-Oct-23 Interim Dividend – Rs. – 0.2500 CAMS 17-Nov-23 Interim Dividend
NEOGEN 20-Oct-23 E.G.M. PGHH 17-Nov-23 Final Dividend – Rs. – 105.0000

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