THE NIFTY SNAPPED TWO DAYS OF GAIN AMID GEOPOLITICAL TENSIONS

COMPANY NAME	CMP	B/S	RATIONALE
ITC	440.45	BUY	The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 441.45 with a stop loss of 438.70 and a target of 4387.70.
HDFC LIFE	615.15	SELL	The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 613.30 with a stop loss of 618.50 and a target of 603.00.

Stock Name	Strike Price	Buy/Sell	CMP	Initiation	Stop Loss	Target	Remarks
LTIM	5200 CE	BUY	161.80	CMP	147.50	190.50	BREAKOUT

Long Buildup						Short Buildup
Stocks	Price	Price%	OI %	OI		Stocks	Price	Price%	OI %	OI
METROPOLIS.23.10 Oct	1505.7	2.06	4.93	1642000		GMRINFRA.23.10 Oct	57.85	-6.54	0.37	133650000
HCLTECH.23.10 Oct	1244.85	1.43	6.49	11304300		ADANIPORTS.23.10 Oct	791.5	-5.16	2.99	54184000
AUROPHARMA.23.10 Oct	915.05	1.12	6.21	16062200		L&TFH.23.10 Oct	131.5	-4.85	2.43	76326972
TVSMOTOR.23.10 Oct	1523.3	1	0.06	6668900		VOLTAS.23.10 Oct	853.3	-4.03	3.91	7167600
TATACONSUM.23.10 Oct	884.8	0.71	4.48	9948600		ABCAPITAL.23.10 Oct	175.45	-3.81	2.44	39927600
Short Covering						Long Unwinding
Stocks	Price	Price%	OI %	OI		Stocks	Price	Price%	OI %	OI
DELTACORP.23.10 Oct	141.95	2.86	-9.93	10976000		PNB.23.10 Oct	73.45	-4.55	-5.77	258704000
MCX.23.10 Oct	2069.65	1.28	-2.65	2822400		ICICIPRULI.23.10 Oct	544.05	-3.19	-2.6	6583500
DRREDDY.23.10 Oct	5513.45	1.15	-0.48	2643500		SAIL.23.10 Oct	86.5	-2.97	-0.64	133136000
LTTS.23.10 Oct	4713.05	1.14	-0.87	571200		SUNTV.23.10 Oct	613.85	-2.87	-1.38	8889000
ALKEM.23.10 Oct	3556.7	0.5	-1.63	820600		BANDHANBNK.23.10 Oct	246.7	-2.84	-0.8	64275000

Upcoming Economic Data

News Updates

• The Indian equity indices erased all gains from the previous session and also snapped a two-day winning run on October 9, as investors remained concern on escalating geopolitical tensions in the Middle East. At close, the Sensex was down 483.24 points or 0.73 percent at 65,512.39, and the Nifty was down 141.20 points or 0.72 percent at 19,512.30.

• Nifty Auto index fell more than 1 percent on October 9 to hit an intraday low of 15801. Hero Motocorp was the top index loser as the stocks fell over 3 percent after Delhi Police filed a case against Pawan Munjal, managing director and chief executive of the company. Shares of Maruti Suzuki also edged down after the auto major announced festive discounts of up to Rs 65,000.

• Foreign institutional investors (FIIs) are on a selling spree offloading Rs 55,723 crore worth of Indian shares since August 1, 2023, marking their longest selling spree since mid-January. Meanwhile, DIIs have bought domestic equities worth Rs 49,763 crore during this period.

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

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