The NIFTY opened at 19581.20 with a gap up of 58 points. The Index could not sustain at the higher levels and started drifting downwards from its opening tick. Prices have filled the gap, found strong support there, and started moving higher. A sharp rally took place and the Index went above 19700 to record its intraday high at 19726.25.The index found resistance there and saw a sharp decline in the last hour of trading. Prices have finally closed at 19638.30 just above the opening tick with a gain of 114.75 points or 0.59% up. All the sectoral indices have moved higher and closed with gains except IT which ended with minor loss. PHARMA MEDIA, and METAL led the bulls followed by OIL GAS. The boundaries are not confirmed yet. The short-term trend is again sideways. Support is now visible around 19250 while resistance is visible around 19800. On the weekly timeframe chart, the NIFTY closed with a loss but near the opening price. The next week may be wide and we may see a directional move. As of now, we should step aside and avoid trading the Index. Wait for a decisive breakout with a clear sense of direction.


The BANK NIFTY opened at 44445.35 with a gap up of 157 points. The index initially moved down but quickly turned around. Prices have started moving higher after recording its intraday low at 44344.90. Multiple sharp dips came but prices kept on rising and recorded its intraday high at 44755.05. The index has seen a sharp decline in the last hour of trading and finally closed at 44603.15 with a gain of 315 points. PSU BANK outperformed, saw a sharp upside move, and closed with a gain of 1.63%. PVT BANK has also moved up and closed with a gain of 0.73%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while AU BANK contributed the least. The support is visible around 44000 while the resistance is visible around 45000. Since the movement is very random and prices are also very volatile, so, it is wise for us to step aside and avoid trading the index. Wait for a decisive breakout with a clear sense of direction.


DIVIS LAB 3765.15 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 3765.15 with a stop loss of 3689.50 and a target of 3934.00.
MPHASIS 2376.60 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2366.15 with a stop loss of 2419.50 and a target of 2221.50


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BALKRISHNA IND  2600 CE BUY 47.75 CMP 40.00 60.00 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
GLENMARK.23.10 Oct 858.3 10.61 1748.18 8120000 NAVINFLUOR.23.10 Oct 3790.35 -12.8 3175.1 1203600
VEDL.23.10 Oct 223.6 7.42 1036.78 62000000 JUBLFOOD.23.10 Oct 526.8 -2.37 905.5 20788750
L&TFH.23.10 Oct 134.05 6.14 629.14 71445544 MCX.23.10 Oct 2050.5 -2.18 1315.88 3460400
SUNTV.23.10 Oct 614.45 5.97 3339.88 8926500 BOSCHLTD.23.10 Oct 19016.65 -2.08 1615.71 120100
HINDALCO.23.10 Oct 493.75 5.85 1144.39 21428400 ADANIENT.23.10 Oct 2428.5 -1.53 2852.88 9833100
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ONGC.23.10 Oct 192.2 2.53 -3.4 44571450 BALRAMCHIN.23.10 Oct 443.6 -0.27 -51.25 2089600
IBULHSGFIN.23.10 Oct 184.5 -2.07 -82.99 8267100

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Icici Prudential Life In 566.2 0.02 1286955 3283892 79.88 Nifty50 19638.3 0.59 34389781
Zydus Lifesciences Limit 615 2.03 1132784 4209211 79.36 Niftybank 44584.55 0.64 15151067
Shriram Finance Limited 1919.35 2.56 1381785 3359309 77.63 Nifty it 31784.4 -0.3 1117067
Info Edge (india) Limite 4165.3 -0.28 449502 532562 77.57 India Vix 11.45 -10.69 556640216
Tvs Motor Company Limite 1521.8 -0.14 775781 3607403 76.2 Nifty Fmcg 51602.65 0.53 331002
Acc Limited 2012.25 0.8 168496 1034246 72.81 Nifty Pharma 15422.75 2.66 43963450
Bharti Airtel Limited 926.4 0.08 5608557 5298405 71.73 Nifty Realty 575.65 0.92 1174127058
Alkem 3605.9 2.3 100498 111824 71.63 Nifty Auto 16184.4 0.57 41719519
Ntpc Limited 245.55 3.59 35038887 23135286 70.35 Nifty Metal 6839.3 1.9 98932811
Bharat Electronics Ltd 138.3 2.41 8504659 15276794 69.4 Nifty Financial Services 19811.1 0.69 4486407

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Nikkei S&P Global Manufacturing PMI (Sep) on 3rd October, 2023

INR: Nikkei Services PMI (Sep) on 5th October, 2023

USD: JOLTs Job Openings (Aug) on 3rd October, 2023

USD: Services PMI (Sep) on 4th October, 2023

News Updates

  • Benchmark indices ended higher on September 29 with Nifty above 19,600. At close, the Sensex was up 320.09 points or 0.49 percent at 65,828.41, and the Nifty was up 114.80 points or 0.59 percent at 19,638.30. About 2246 shares advanced, 1256 shares declined, and 152 shares unchanged.

  • The Reserve Bank of India (RBI) on September 30 extended the deadline for public to exchange or deposit Rs 2000 notes at bank branches till 7 October following a review.

  • The October 2 holiday on account of Gandhi Jayanti falling on a Monday has given another extended weekend opportunity to travellers, resulting in a more than 40 percent spike in flight searches. Majority of the travellers are planning a four-five days long family holiday, noted Aloke Bajpai, Co-founder & Group CEO, ixigo, an online travel platform.

  • The government order said the Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Gupta as the CBDT Chairman on a contract basis, with effect from 1.10.2023 till 30.06.2024.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADVLIFE General 03-Oct-23 AVANTEL Bonus issue;Quarterly Results 09-Oct-23
ALKA General 03-Oct-23 BETALA Quarterly Results 09-Oct-23
GOODLUCK Issue Of Warrants 03-Oct-23 HINFLUR General 09-Oct-23
HCKKVENTURE General 03-Oct-23 GMBREW Quarterly Results 10-Oct-23
KLBRENG-B Preferential Issue of shares;General 03-Oct-23 TCS Interim Dividend;Audited Results;Quarterly Results 11-Oct-23
KRRAIL General 03-Oct-23 ANGELONE Interim Dividend;Quarterly Results 12-Oct-23
NECCLTD Rights Issue;General 03-Oct-23 HCLTECH Interim Dividend;Quarterly Results 12-Oct-23
RISHDIGA General 03-Oct-23 HDFCAMC Quarterly Results 12-Oct-23
SPANDANA General 03-Oct-23 INFY Interim Dividend;Audited Results 12-Oct-23
UNIMOVR Right Issue of Equity Shares 03-Oct-23 AMAL Quarterly Results 13-Oct-23
ACCEDERE General 04-Oct-23 BIRLAMONEY Quarterly Results 13-Oct-23
ACEMEN General;Quarterly Results 04-Oct-23 HDFCLIFE Quarterly Results 13-Oct-23
CRESSAN Preferential Issue of shares;General 04-Oct-23 KSOLVES Quarterly Results;Interim Dividend 15-Oct-23
GVFILM General 04-Oct-23 ISEC Quarterly Results;Interim Dividend 16-Oct-23
KARMAENG General 04-Oct-23 BAJFINANCE Quarterly Results 17-Oct-23
MFSINTRCRP General;Quarterly Results 04-Oct-23 CIEINDIA Quarterly Results 17-Oct-23
SAYAJIHOTL Dividend on Preference Shares;A.G.M. 04-Oct-23 ICICIPRULI Quarterly Results;Audited Results 17-Oct-23
BAJFINANCE General 05-Oct-23 LTTS Quarterly Results;Interim Dividend 17-Oct-23
CAPRICORN General 06-Oct-23 TCIEXP Quarterly Results 17-Oct-23
JATTAINDUS General 06-Oct-23 ZENSARTECH Quarterly Results 17-Oct-23
YUG General 07-Oct-23 BAJAJ-AUTO Quarterly Results 18-Oct-23
ZHEMHOLD Quarterly Results 07-Oct-23 ICICIGI Quarterly Results;Interim Dividend;Audited Results 18-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
YUG 05-Oct-23 Bonus issue 15:100 HCLTECH 20-Oct-23 Interim Dividend
ACCELYA 06-Oct-23 Final Dividend – Rs. – 30.0000 ICICIGI 27-Oct-23 Interim Dividend
SURYAROSNI 06-Oct-23 Stock  Split From Rs.10/- to Rs.5/- ISEC 27-Oct-23 Interim Dividend
SIGACHI 09-Oct-23 Stock  Split From Rs.10/- to Rs.1/- LTIM 27-Oct-23 Interim Dividend
GUJTHEM 10-Oct-23 Stock  Split From Rs.5/- to Rs.1/- SVRL 27-Oct-23 Bonus issue 1:1
JONJUA 10-Oct-23 Bonus issue 9:50 TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
THEMISMED 10-Oct-23 Stock  Split From Rs.10/- to Rs.1/- ASIANPAINT 03-Nov-23 Interim Dividend
JYOTISTRUC 11-Oct-23 E.G.M. INSECTICID 10-Nov-23 Interim Dividend
RITCO 19-Oct-23 E.G.M. PGHL 13-Nov-23 Final Dividend – Rs. – 50.0000
TCS 19-Oct-23 Interim Dividend PGHH 17-Nov-23 Final Dividend – Rs. – 105.0000
ANGELONE 20-Oct-23 Interim Dividend GILLETTE 21-Nov-23 Final Dividend – Rs. – 50.0000

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