The NIFTY opened at 19737.25 with a gap down of just 14 points. The index initially moved down sharply but bounced up quickly after recording its intraday low at 19691.85. A sharp rally came afterward but found resistance just below 19800 and started the consolidation process. Prices have recorded its intraday high at 19781.30 and eventually broke down. A sharp decline came in the last hour of trading and the index finally dosed at 19731.75 near its opening tick and also the previous day’s closing price with a loss of just 19.30 points or 0.10% down. METAL outperformed, saw a sharp upside move, and closed with a gain of nearly 1% followed by AUTO and OIL GAS. PHARMA, REALTY. FMCG, and MEDIA underperformed and ended with a loss. The short-term trend is sideways again and there is no doubt about that as the index has been moving sideways for almost a month. We have been tracking support is around 19500 while resistance is around 20000.


The BANK NIFTY opened at 44204.75 without much of a gap. The index initially moved down sharply for the first few minutes of trading but bounced up quickly after recording its intraday low at 44044.40. A sharp rally came which took prices to its intraday high at 44356.95. The index afterward moved very choppily and slid lower almost till the end. Prices have finally closed at 44242.55 with a gain of just 22 points. PSU BANK has outperformed, saw a sharp upside move, and ended with a gain of 0.72%. PVT BANK has underperformed, saw a mild down move, and ended with a loss of 0.15%. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while INDUSIND BANK 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.


HERO MOTO CORP 3161.00 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 3175.05 with a stop loss of 3154.05 and a target of 3217.70.
DIVIS LAB 3655.20 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 3639 with a stop loss of 3666.10 and a target of 3584.85.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TRENT  2100 CE BUY 50 CMP 42.35 72.95 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GNFC.23.10 Oct 671.45 5.5 15.69 10277800 LAURUSLABS.23.10 Oct 394 -2.41 18.33 15342500
MCX.23.10 Oct 2201.85 4.7 30.53 2517200 DIVISLAB.23.10 Oct 3652.45 -2.56 6.45 2390000
NMDC.23.10 Oct 165.5 3.34 1.29 102919500 SHREECEM.23.10 Oct 26743.55 -0.41 5.03 203650
HEROMOTOCO.23.10 Oct 3172.2 2.03 4.13 3846600 FEDERALBNK.23.10 Oct 148.7 -0.83 4.99 119915000
POLYCAB.23.10 Oct 5437.8 1.94 2.04 2761500 UBL.23.10 Oct 1567.7 -1.23 4.76 3074000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MOTHERSON.23.10 Oct 97.6 3.06 -4.21 74727500 DELTACORP.23.10 Oct 127.6 -9.08 -10.54 11620000
ABFRL.23.10 Oct 227.9 2.27 -1.23 28997800 INDIACEM.23.10 Oct 219.3 -1.86 -1.89 22463400
BHEL.23.10 Oct 131.15 2.14 -3.08 105672000 IDEA.23.10 Oct 11.85 -1.66 -1.34 1344080000
HINDCOPPER.23.10 Oct 160.15 1.91 -2.98 32595000 INDUSTOWER.23.10 Oct 188.7 -1.44 -0.56 76408200
BANDHANBNK.23.10 Oct 244.65 1.83 -2.56 60162500 INDUSINDBK.23.10 Oct 1447.7 -1.24 -0.58 23716000

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Piind 3500.05 0.54 186370 99386 75.17 Nifty50 19731.75 -0.1 32637360
Samvardhana Motherson 97.35 3.18 8845469 5986020 75.12 Niftybank 44225.9 -0.14 14562537
Britannia Ind Ltd. 4586.05 0.25 292118 328226 73.62 Nifty it 31750.35 -0.18 855395
Coromandel International 1154.6 0.4 425032 244376 73.06 India Vix 11.07 4.24 587056623
Cummins India Limited 1717.15 0.12 550814 399512 72.02 Nifty Fmcg 52401.95 -0.23 307357
Bajaj Auto Limited 5076.7 0.48 158560 271332 70.05 Nifty Pharma 15164.75 -0.46 42390872
Hdfc Bank Ltd. 1529.6 -0.4 8928042 13887161 69.88 Nifty Realty 610.7 -0.34 1051805790
Shriram Finance Limited 1867.55 -0.71 492792 414544 69.46 Nifty Auto 16519.35 0.45 39027105
Srf Ltd. 2253.4 -0.09 386468 211209 69.29 Nifty Metal 6882.8 0.91 93711545
Indigo 2593.55 -0.53 390919 894228 68.64 Nifty Financial Services 19814.5 -0.06 2802315

Upcoming Economic Data

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

INR: FX Reserves, USD on 20th October, 2023

USD: Retail Sales (MoM) (Sep) on 17th October, 2023

USD: Building Permits (Sep) on 18th October, 2023

News Updates

  • The benchmark indices ended on a negative note in the volatile session on October 16 with Sensex falling 115.81 points or 0.17 percent to end at 66,166.93, while Nifty was down 19.20 points or 0.10 percent to close at 19,731.80. On the back of mixed global cues, the market started on a negative note, dragging Nifty below 19,700 but did recover and witnessed range-bound movement throughout the session.

  • HDFC Bank on October 16 reported a net profit of Rs 15,976.11 crore in the July-September quarter, which was up just over 50 percent on-year, in its first report since merger with Housing Development Finance Corp (HDFC). On a sequential basis, net profit rises 33.7 percent. The gross non-performing assets (NPA) of the bank deteriorated to 1.34 percent in the reporting quarter. Similarly, net NPA of the bank stood at 0.35 percent in July-September.

  • State-owned Bank of Maharashtra (BoM) on Monday posted a 72 per cent jump in net profit at Rs 920 crore for the September quarter, aided by a decline in bad loans and a rise in interest income. The lender had reported a standalone profit of Rs 535 crore in the year-ago period..

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADITYA General 17-Oct-23 PCBL Quarterly Results 17-Oct-23
AEPL Quarterly Results 17-Oct-23 RAMAPPR-B General 17-Oct-23
ATHARVENT General;Quarterly Results 17-Oct-23 RMC Bonus issue 17-Oct-23
BAJFINANCE Quarterly Results 17-Oct-23 SYNGENE Quarterly Results 17-Oct-23
BENARAS Quarterly Results;General 17-Oct-23 TATAELXSI Audited Results 17-Oct-23
CANFINHOME Quarterly Results 17-Oct-23 TATAMETALI Audited Results;Quarterly Results 17-Oct-23
CIEINDIA Quarterly Results 17-Oct-23 TCIEXP Interim Dividend;Quarterly Results 17-Oct-23
COSYN Quarterly Results 17-Oct-23 TECHIN Quarterly Results 17-Oct-23
DHYAANI Bonus issue;General 17-Oct-23 TIGERLOGS General;Quarterly Results 17-Oct-23
DUNCANENG Quarterly Results 17-Oct-23 TITAN General 17-Oct-23
EIMCOELECO Quarterly Results 17-Oct-23 TRIMURTHI General;Quarterly Results 17-Oct-23
HAPPSTMNDS Interim Dividend;General;Quarterly Results 17-Oct-23 VIJAYTX Quarterly Results 17-Oct-23
HATHWAY Quarterly Results 17-Oct-23 VIKASLIFE General;Quarterly Results 17-Oct-23
HSCL Quarterly Results 17-Oct-23 VSTIND Quarterly Results 17-Oct-23
HUHTAMAKI Quarterly Results 17-Oct-23 ZENSARTECH Quarterly Results 17-Oct-23
ICICIPRULI Audited Results;Quarterly Results 17-Oct-23 5PAISA General;Quarterly Results 18-Oct-23
IIFLSEC General;Quarterly Results 17-Oct-23 ALPHAIND Bonus issue;Half Yearly Results;Increase in Authorised Capital;General 18-Oct-23
JK AGRI Quarterly Results 17-Oct-23 ASTRAL Interim Dividend;Quarterly Results 18-Oct-23
LOTUSCHO Quarterly Results 17-Oct-23 BAJAJ-AUTO Quarterly Results 18-Oct-23
LTTS Interim Dividend;Quarterly Results 17-Oct-23 BANDHANBNK Quarterly Results 18-Oct-23
MARUTI Preferential Issue of shares 17-Oct-23 DEVLAB Increase in Authorised Capital;Issue Of Warrants;General 18-Oct-23
NEWGEN Quarterly Results 17-Oct-23 GUJCOTEX Quarterly Results 18-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
CASPIAN 17-Oct-23 Final Dividend – Rs. – 0.0500 ICICIGI 27-Oct-23 Interim Dividend
GENSOL 17-Oct-23 Bonus issue 2:1 ISEC 27-Oct-23 Interim Dividend
GLS 17-Oct-23 Interim Dividend – Rs. – 22.5000 JSL 27-Oct-23 Interim Dividend
KAMAHOLD 17-Oct-23 Bonus issue 4:1 LTIM 27-Oct-23 Interim Dividend
RUDRA 18-Oct-23 Stock  Split From Rs.10/- to Rs.5/- SHASHIJIT 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
RUDRA 18-Oct-23 Bonus issue 1:1 SVRL 27-Oct-23 Bonus issue 1:1
BCONCEPTS 19-Oct-23 Final Dividend – Rs. – 0.5000 TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
RITCO 19-Oct-23 E.G.M. RKFORGE 30-Oct-23 Interim Dividend
SEMAC 19-Oct-23 Final Dividend – Rs. – 5.0000 UNJHAFOR 30-Oct-23 E.G.M.
TCS 19-Oct-23 Interim Dividend – Rs. – 9.0000 BALKRISIND 31-Oct-23 Interim Dividend
ANANDRATHI 20-Oct-23 Interim Dividend – Rs. – 5.0000 DRAGARWQ 31-Oct-23 Interim Dividend
ANGELONE 20-Oct-23 Interim Dividend – Rs. – 12.7000 ELECON 31-Oct-23 Interim Dividend
DALBHARAT 20-Oct-23 Interim Dividend SASKEN 31-Oct-23 Interim Dividend
HCLTECH 20-Oct-23 Interim Dividend – Rs. – 12.0000 STYRENIX 31-Oct-23 Interim Dividend
KPIGREEN 20-Oct-23 Interim Dividend – Rs. – 0.2500 NESTLEIND 01-Nov-23 Interim Dividend
NEOGEN 20-Oct-23 E.G.M. HINDUNILVR 02-Nov-23 Interim Dividend
VINNY 23-Oct-23 E.G.M. ASIANPAINT 03-Nov-23 Interim Dividend
INFY 25-Oct-23 Interim Dividend – Rs. – 18.0000 EMBASSY 03-Nov-23 Income Distribution RITES
TCIEXP 26-Oct-23 Interim Dividend TCI 07-Nov-23 Interim Dividend
ASTRAL 27-Oct-23 Interim Dividend RITES 08-Nov-23 Interim Dividend
AURIONPRO 27-Oct-23 E.G.M. HPAL 09-Nov-23 Stock  Split From Rs.10/- to Rs.2/-
BCLIL 27-Oct-23 Stock  Split From Rs.10/- to Rs.1/- INSECTICID 10-Nov-23 Interim Dividend

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