The NIFTY opened at 19232.95 with a gap up of 92 points. Prices could not sustain at the higher levels and started drifting downwards sharply from its opening tick. The gap was filled quickly and prices have continued sliding lower but found support in the afternoon. Prices then slowly inched upwards in the second half but saw a sharp fall towards the end. The index recorded its intraday high at 19233.70 just above the opening tick, its intraday low at 19056.45 towards the end, and finally closed at 19079.60 with a loss of 61.30 points or 0.32% down. REALTY again led the bulls as the sector closed with gains of 1.27% followed by MEDIA which ended 0.91% up. PHARMA AUTO, and OIL GAS underperformed and closed with a loss of over half a percent. The recent swing low recorded around 18800 should now act as a support level while resistance is visible around 19300. Since the trend is sideways we should avoid trading the index. Wait for a clear sense of direction first.


The BANK NIFTY opened at 43356.85 with a big gap up of 283 points. The index could not sustain at the higher levels and started drifting downwards from its opening tick till the afternoon. Prices have seen a minor recovery in the second half but resumed id down move towards the end. The index recorded its intraday high at 43356.85, its intraday low at 42797.15, and finally closed at 42827.75 with a loss of 246 points. PSU BANK has outperformed, saw a mild upside move, and closed with a gain of 0.14%. PVT BANK has underperformed, saw a mild down move, and closed with a loss of 0.47%. Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while ICICI 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. For the time being, avoid trading the index


POWER GRID 202.15 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 203.50 with a stop loss of 201.35 and a target of 206.55.
ITC 428.40 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 427.85 with a stop loss of 430.45 and a target of 422.65.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
CIPLA  1200 CE BUY 30.50 CMP 26.25 43.20 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PIDILITIND.23.11 Nov 2474.5 6.32 1.68 2310750 SIEMENS.23.11 Nov 3352.65 -2.93 12.46 2408450
RECLTD.23.11 Nov 287.5 3.58 3.16 57718000 PETRONET.23.11 Nov 200.45 -0.99 12.46 31896000
SBILIFE.23.11 Nov 1378.5 3.57 7.75 6498000 EICHERMOT.23.11 Nov 3306.2 -1.88 11.88 3217725
PFC.23.11 Nov 246.55 3.4 0.35 60004375 LTIM.23.11 Nov 5096 -1.59 9.79 1478100
ZEEL.23.11 Nov 259.3 3.14 1.52 90078000 TVSMOTOR.23.11 Nov 1590.2 -0.91 9.53 7130550
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
CUB.23.11 Nov 139.4 3.53 -1.15 35620000 INDIGO.23.11 Nov 2470.85 -1.52 -1.2 6218700
APOLLOTYRE.23.11 Nov 381.2 2.56 -0.95 12064900 INDUSINDBK.23.11 Nov 1445.45 -1.25 -0.32 22805000
CANFINHOME.23.11 Nov 770 2.12 -0.13 3866850 BANKBARODA.23.11 Nov 197.35 -1.15 -0.23 118073475
LALPATHLAB.23.11 Nov 2421.5 1.8 -5.05 897600 SYNGENE.23.11 Nov 684.2 -0.78 -0.72 4281000
HDFCLIFE.23.11 Nov 622 1.69 -1.41 15119500 BALKRISIND.23.11 Nov 2569.1 -0.75 -1.25 1891200

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dabur India Ltd. 528.9 1.04 1687120 1361641 79.55 Nifty50 19079.6 -0.32 87813
Jk Cement Limited 3139.8 1.88 53900 147256 77.33 Niftybank 42845.95 -0.45 71517
Bharti Airtel Limited 914.4 -1.28 5697563 2636879 71.52 Nifty it 30582.25 -0.19 71517
Pidilite Industries Ltd 2458 6.31 2314742 222551 71.38 India Vix 11.82 2.87 71625
Crompton Greaves Consume 282 -0.37 2471218 1188987 68.86 Nifty Fmcg 51262.6 0.16 71517
Max Financial Services l 914.1 -0.98 311956 513453 67.18 Nifty Pharma 14683.65 -0.62 71517
Itc Ltd. 428.4 -0.48 8620154 5019200 65.89 Nifty Realty 603 1.27 71517
Info Edge (india) Limite 4100 0.53 235896 182410 64.93 Nifty Auto 15916.2 -0.67 71517
Britannia Ind Ltd. 4426.5 -0.79 504625 288058 63.94 Nifty Metal 6452.45 -0.24 71517
Hindustan Unilever Ltd 2484 0.21 920414 553346 63.23 Nifty Financial Services 19204.6 -0.19 71517

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 lower in the volatile session on October 31 with Nifty below 19,100. At close, the Sensex was down 237.72 points or 0.37 percent at 63,874.93, and the Nifty was down 61.30 points or 0.32 percent at 19,079.60. About 1830 shares advanced, 1675 shares declined, and 117 shares unchanged.

  • The central government’s fiscal deficit widened to Rs 7.02 lakh crore in April-September from Rs 6.43 lakh crore in April-August, data released by the Controller General of Accounts on October 31 showed. At Rs 7.02 lakh crore, the fiscal deficit for the first half of the current financial year accounts for 39.3 percent of the full-year target of Rs 17.87 lakh crore. The fiscal deficit for April-September 2022 was 37.3 percent of the target for 2022-23.

  • Cello World IPO has seen a decent response from the market with investors picking up 2.47 crore equity shares against an offer size of 2.2 crore, leading to a 1.12 times subscription till the second day of bidding on October 31.

  • Honasa Consumer IPO had been subscribed 12 percent by the afternoon on October 31, the first day of bidding, with investors buying 33.3 lakh equity shares against offer size of 2.89 crore shares.

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABAN Quarterly Results 01-Nov-23 GANDHITUBE Quarterly Results 01-Nov-23
AJMERA General;Quarterly Results 01-Nov-23 GMDCLTD Quarterly Results 01-Nov-23
AMBUJACEM Quarterly Results 01-Nov-23 GODREJCP Interim Dividend;Quarterly Results 01-Nov-23
APTECHT Quarterly Results 01-Nov-23 GRAVITY Quarterly Results 01-Nov-23
ARMANFIN Quarterly Results 01-Nov-23 GREENPANEL Quarterly Results 01-Nov-23
ARVSMART Quarterly Results 01-Nov-23 GREENPOWER Right Issue of Equity Shares;Quarterly Results 01-Nov-23
AWL Quarterly Results 01-Nov-23 HEROMOTOCO Quarterly Results 01-Nov-23
AXTEL Quarterly Results 01-Nov-23 HIL Quarterly Results 01-Nov-23
BAJFINANCE Issue Of Warrants 01-Nov-23 IFL Buy Back of Shares;Bonus issue;Interim Dividend;General 01-Nov-23
BIOGEN General;Quarterly Results 01-Nov-23 IGL Interim Dividend;Quarterly Results 01-Nov-23
BIRLACABLE Quarterly Results 01-Nov-23 INDIACEM Quarterly Results 01-Nov-23
BLISSGVS General;Quarterly Results 01-Nov-23 INDRANIB Dividend on Preference Shares;General 01-Nov-23
BLUECLOUDS General 01-Nov-23 INFORTEC General;Quarterly Results 01-Nov-23
BRITANNIA Quarterly Results 01-Nov-23 INVENTURE Quarterly Results 01-Nov-23
CERA Quarterly Results 01-Nov-23 JFL Half Yearly Results 01-Nov-23
CITADEL Quarterly Results 01-Nov-23 JINDRILL Quarterly Results 01-Nov-23
DIVGIITTS General;Quarterly Results 01-Nov-23 JKTYRE General;Quarterly Results 01-Nov-23
ELPROINTL Interim Dividend;Quarterly Results 01-Nov-23 JOHNPHARMA General;Quarterly Results 01-Nov-23
EMAMIPAP Quarterly Results 01-Nov-23 JUBLINGREA Quarterly Results 01-Nov-23
FINOPB Audited Results;Quarterly Results 01-Nov-23 KANSAINER Quarterly Results 01-Nov-23
FISCHER Quarterly Results 01-Nov-23 KEC Quarterly Results 01-Nov-23
GAEL Quarterly Results 01-Nov-23 LIBORDFIN Quarterly Results 01-Nov-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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
NTPC 03-Nov-23 Interim Dividend – Rs. – 2.2500 OBEROIRLTY 08-Nov-23 Interim Dividend – Rs. – 2.0000
RAILTEL 03-Nov-23 Interim Dividend – Rs. – 1.0000 RITES 08-Nov-23 Interim Dividend
ROUTE 03-Nov-23 Interim Dividend – Rs. – 3.0000 SPLPETRO 08-Nov-23 Interim Dividend – Rs. – 2.0000
SYMPHONY 03-Nov-23 Interim Dividend – Rs. – 2.0000 GODREJCP 09-Nov-23 Interim Dividend
UJAAS 03-Nov-23 Resolution Plan -Suspension HPAL 09-Nov-23 Stock  Split From Rs.10/- to Rs.2/-
COLPAL 06-Nov-23 Interim Dividend – Rs. – 22.0000 INDIGRID 09-Nov-23 Income Distribution (InvIT)

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