The NIFTY opened at 19053.40 without much of a gap. Prices have initially moved lower and saw a sharp decline but found support quickly and bounced up. The index recorded its intraday low at 18940 and started a V-shaped reversal. A rally started which lasted till the end. Minor dips in between were used to add or take fresh trades. Prices have recorded its intraday high at 19158.50 almost at the end of today’s trading session and finally closed at 19140.90 with a gain of 93.65 points or 0.49% up. REALTY led the bulls today as the sector closed with gains of 2.14% followed by OIL GAS which ended 1.34% up. AUTO and FMCG underperformed today and closed with a loss. The past few days were very wide which suggests narrow and choppy days may be ahead. We are expecting a process of consolidation in the index. The recent swing low recorded around 18800 should now act as a support level while resistance is visible around 19300.


The BANK NIFTY opened at 42721.40 with a gap down of 110 points. The index continued its early morning bearish bias and started moving lower from its opening tick. The decline stopped quickly and prices bounced up after recording its intraday low at 42390.50. The index continued moving higher for the whole day and crossed above 43000. Prices have moved further up, recorded its intraday high at 43112.50, and finally closed at 43073.60 with a gain of 242 points. PVT BANK has outperformed today, saw a mild upside move, and closed with a gain of 0.55% PSU BANK has also moved up today and closed with a gain of 0.15%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AXIS BANK contributed the lowest. The short-term trend is sideways now. The recent swing low recorded around 42100 should now act as a support level. Resistance is visible around 43500. We may see a consolidation soon.


TATA CONSUMER 893.55 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 896.25 with a stop loss of 888.35 and a target of 912.15.
MARICO 528.85 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 530.55 with a stop loss of 534.50 and a target of 517.50.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BPCL.23.11 Nov 348.95 3.76 2.05 24150600 PETRONET.23.11 Nov 202.45 -8.56 29.83 28362000
DLF.23.11 Nov 558.1 3.64 10.2 34691250 COROMANDEL.23.11Nov 1035.05 -4.02 29.24 1444800
GNFC.23.11 Nov 689.05 2.87 9.46 10427300 SBICARD.23.11 Nov 744.7 -6.52 27.45 10597600
ONGC.23.11 Nov 189.2 2.38 3.91 29960700 AUBANK.23.11 Nov 659.5 -4.39 21.31 13851000
LICHSGFIN.23.11 Nov 453.5 2.32 2.2 21932000 M&MFIN.23.11 Nov 244.7 -11.98 18 37778000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDEA.23.11 Nov 11.75 6.82 -0.9 1.47E+09 DIXON.23.11 Nov 5128.25 -5.15 -12.62 1112600
MUTHOOTFIN.23.11 Nov 1332 3.68 -0.47 5389450 L&TFH.23.11 Nov 133.05 -3.34 -0.54 57528566
MGL.23.11 Nov 1022.55 3.11 -9.86 2450400 SHRIRAMFIN.23.11 Nov 1885.1 -2.28 -1.65 7232700
OBEROIRLTY.23.11 Nov 1123.35 2.16 -2.62 6974100 MARUTI.23.11 Nov 10430.1 -1.81 -2.36 2939400
BHEL.23.11 Nov 120.9 2.11 -3.38 90174000 TATAMOTORS.23.11 Nov 632.6 -1.72 -1.14 65495850

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bharti Airtel Limited 926.25 1.27 3686773 2699564 76.95 Nifty50 19140.9 0.49 30323971
Pidilite Industries Ltd 2312.15 -0.2 311774 317655 75.23 Niftybank 43039.15 0.6 13492892
Hindustan Unilever Ltd 2478.9 -0.13 875135 1335534 74.83 Nifty it 30640.95 0.13 605948
Icici Lombard General In 1354.5 -0.21 222640 253685 73.07 India Vix 11.49 5.41 503414438
Syngene 686.3 0.58 305207 921307 72.12 Nifty Fmcg 51180.7 -0.42 317465
Larsen & Toubro Limited 2926.35 0.84 1693052 1708475 71.2 Nifty Pharma 14775.6 0.25 39205158
Britannia Ind Ltd. 4461.6 -1.17 450526 270675 70.71 Nifty Realty 595.45 2.14 977514391
Hdfc Bank Ltd. 1485.1 1.09 11655491 11120498 69.63 Nifty Auto 16023.45 -0.9 35959947
Power Grid Corporation o 200.85 -0.05 7679981 6957091 69.6 Nifty Metal 6467.95 0.23 89548330
Crompton Greaves Consume 283.05 -0.61 1726639 1732820 68.95 Nifty Financial Services 19241.4 0.59 3396248

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 ended higher for the second consecutive session on October 30 with Nifty around 19,150. At close, the Sensex was up 329.85 points or 0.52 percent at 64,112.65, and the Nifty was up 93.60 points or 0.49 percent at 19,140.90. About 1863 shares advanced, 1741 shares declined, and 192 shares unchanged.

  • Engineering and construction conglomerate Larsen & Toubro’s net profit in the second quarter is likely to jump 22 percent year-on-year on the back of strong sales growth and improved execution in the infrastructure segment, analysts said. Net profit is likely to grow to Rs 2,721 crore, according to the estimates of five brokerages. Revenue may rise 17 percent to Rs 50,093 crore in the three months ended September amid improved construction activity.

  • GMR Airports Infrastructure Ltd (GIL) on October 30 reported its consolidated net loss reduced to Rs 190 crore in the July-September quarter of the current fiscal year. The company had reported a net loss of Rs 197 crore in the quarter ended September 30, 2022.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AARTISURF Right Issue of Equity Shares;General;Quarterly Results 31-Oct-23 BSOFT Interim Dividend;Quarterly Results 31-Oct-23
ABVL Quarterly Results 31-Oct-23 CANTABIL Quarterly Results 31-Oct-23
ACI Interim Dividend;Quarterly Results 31-Oct-23 CARERATING Interim Dividend;Quarterly Results 31-Oct-23
ADFFOODS Quarterly Results;Special Dividend 31-Oct-23 CGCL Quarterly Results 31-Oct-23
AETHER General;Quarterly Results 31-Oct-23 CMI Audited Results;General 31-Oct-23
AHMDSTE Quarterly Results 31-Oct-23 COLINZ Quarterly Results 31-Oct-23
AJANTPHARM General;Quarterly Results 31-Oct-23 CTL Quarterly Results;Rights Issue 31-Oct-23
ALAN SCOTT General 31-Oct-23 DCBBANK Quarterly Results 31-Oct-23
AMBIT Quarterly Results 31-Oct-23 DHAMPURSUG General;Quarterly Results 31-Oct-23
AQFINTECH Quarterly Results 31-Oct-23 DOLPHINOFF Quarterly Results 31-Oct-23
ARE&M Interim Dividend;Quarterly Results 31-Oct-23 DSSL Quarterly Results 31-Oct-23
AROGRANITE Audited Results 31-Oct-23 DYNAMIND Quarterly Results 31-Oct-23
ARVIND Quarterly Results 31-Oct-23 FIVESTAR Quarterly Results 31-Oct-23
ATGL Quarterly Results 31-Oct-23 FRANKLININD General;Quarterly Results 31-Oct-23
BALUFORGE Quarterly Results 31-Oct-23 GAIL Quarterly Results 31-Oct-23
BANARBEADS Quarterly Results 31-Oct-23 GEETANJ General;Quarterly Results 31-Oct-23
BHARATSE Quarterly Results 31-Oct-23 GEOJITFSL General;Quarterly Results 31-Oct-23
BHARTIARTL Quarterly Results 31-Oct-23 GILLETTE Quarterly Results 31-Oct-23
BIBCL General;Quarterly Results 31-Oct-23 GOCOLORS Quarterly Results 31-Oct-23
BIGBLOC Interim Dividend;Quarterly Results 31-Oct-23 GRAVITA Quarterly Results 31-Oct-23
BLUECOAST Quarterly Results 31-Oct-23 GRPLTD General;Quarterly Results 31-Oct-23
BONDADA Half Yearly Results 31-Oct-23 HCKKVENTURE General 31-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BALKRISIND 31-Oct-23 Interim Dividend – Rs. – 4.0000 NTPC 03-Nov-23 Interim Dividend – Rs. – 2.2500
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 – Rs. – 3.0000
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 – Rs. – 0.1000
CYIENT 01-Nov-23 Interim Dividend – Rs. – 12.0000 MPSLTD 06-Nov-23 Interim Dividend – Rs. – 30.0000
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 – Rs. – 3.0000
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 – Rs. – 4.0000
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 – Rs. – 8.0000
KAJARIACER 02-Nov-23 Interim Dividend – Rs. – 6.0000 TCI 07-Nov-23 Interim Dividend – Rs. – 2.5000
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
ASIANPAINT 03-Nov-23 Interim Dividend – Rs. – 5.1500 BSOFT 08-Nov-23 Interim Dividend
BNALTD 03-Nov-23 E.G.M. DPWIRES 08-Nov-23 Bonus issue 1:7
EMBASSY 03-Nov-23 Income Distribution RITES GESHIP 08-Nov-23 Interim Dividend – Rs. – 6.3000

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