The NIFTY opened at 19539.45 with a big gap down of 114 points. The index continued its bearish momentum and saw a sharp decline for the first 10 minutes of trading. Prices recorded its intraday low at 19480.50 and then bounced up sharply. The index moves above the opening tick and tries to fill the gap but fails to do so. Prices have found resistance just below 19600 and again drifted downwards. The index recorded its intraday high at 19588.95 and kept on sliding lower till the end. Prices have finally closed at 19512.35 near its opening tick with a loss of 141.15 points or 0.72% down. All the sectoral indices have closed with a loss today led by MEDIA which ended with a loss of 2.18%. BANK, FINANCIAL, METAL, and OIL GAS moved down today and ended with a loss of more than 1%. Support is visible around 19250 while resistance is visible around 19700. We have to wait for a clear sense of direction first. As of now, we should step aside and avoid trading the index. We should wait for a suitable trading setup to emerge.


The BANK NIFTY opened at 44057.80 with a big gap down of 311 points. The index continued its bearish momentum and drifted down sharply in its initial trades. Today prices have recorded its intraday high at 44113.20 and intraday low at 43796.95 within the first 15 minutes of trading and then spent the whole day within these two levels. The movement was very volatile and the index finally closed at 43868.50 with a loss of 500 points. PSU BANK underperformed today, saw a sharp downside move, and ended with a loss of 3.09%. PVT BANK has also moved down today and ended with a loss of 0.99%. Within the index, in terms of points, HDFC BANK contributed the highest on the downside followed by SBIN. the next support is visible around 43500. Resistance is visible around 45000.


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

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Petronet Lng Limited 223.2 -3.13 1917861 2110771 76.38 Nifty50 19512.35 -0.72 29281713
Shriram Finance Limited 1820.9 -1.51 1070824 920438 72.91 Niftybank 43886.5 -1.07 13006733
Cholamandalam Investment 1219.55 0 1641174 1803067 72.02 Nifty it 32308.55 -0.1 1111678
Bharti Airtel Limited 924.55 -0.16 2248103 1710934 70.67 India Vix 11.4 10.68 511588165
Sbi Cards And Payment Se 783.15 -1.88 1207012 1019933 70.56 Nifty Fmcg 51502.85 -0.15 285530
Hdfc Life Insurance Comp 615.15 -2.5 3308557 2582136 69.54 Nifty Pharma 15103.85 -0.16 37890237
Exide Industries Ltd 255 -1.54 1339264 1207507 69.31 Nifty Realty 582.85 -0.79 977576045
Cummins India Limited 1699.25 -0.31 279463 238690 68.75 Nifty Auto 15832.85 -0.99 36029836
Alkem 3551.55 0.82 82563 178550 68.7 Nifty Metal 6647.15 -1.44 85874982
Hdfc Bank Ltd. 1516.25 -1.16 8227486 5938403 66.88 Nifty Financial Services 19594.65 -1.13 3151536

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: CPI (YoY) (Sep) on 12th October, 2023

INR: Cumulative Industrial Production (Aug) on 12th October, 2023

USD: PPI (MoM) (Sep) on 11th October, 2023

USD: FOMC Meeting Minutes on 11th October, 2023

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

Board Meetings

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
GMBREW Quarterly Results 10-Oct-23 UNTTEMI General 11-Oct-23
NAGPI A.G.M. 10-Oct-23 ZAGGLE Quarterly Results 11-Oct-23
RISHDIGA General 10-Oct-23 AJWAFUN General 12-Oct-23
SDBL General 10-Oct-23 ANANDRATHI Quarterly Results;Interim Dividend 12-Oct-23
SPECFOOD Right Issue of Equity Shares;Increase in Authorised Capital 10-Oct-23 ANGELONE Quarterly Results;Interim Dividend 12-Oct-23
STEELXIND General 10-Oct-23 AYOME General 12-Oct-23
BANKBARODA General 11-Oct-23 EMERALD Quarterly Results 12-Oct-23
DELTACORP Quarterly Results 11-Oct-23 FACORALL Quarterly Results 12-Oct-23
DPL Right Issue of Equity Shares;Half Yearly Results 11-Oct-23 HCLTECH Quarterly Results;Interim Dividend 12-Oct-23
INTECCAP General 11-Oct-23 HDFCAMC Quarterly Results 12-Oct-23
JONJUA General 11-Oct-23 INDXTRA Quarterly Results 12-Oct-23
JRELTD General;Quarterly Results 11-Oct-23 INFY Interim Dividend;Audited Results 12-Oct-23
MEDPLUS General 11-Oct-23 ITHL Quarterly Results 12-Oct-23
NATIONSTD Quarterly Results 11-Oct-23 JTLIND Quarterly Results 12-Oct-23
PAVNAIND Increase in Authorised Capital 11-Oct-23 KESORAMIND Quarterly Results 12-Oct-23
PLASTIBLEN Quarterly Results 11-Oct-23 KRL General;Quarterly Results 12-Oct-23
RSYSTEMINT Employees Stock Option Plan;General 11-Oct-23 KRRAIL General 12-Oct-23
SAMHI Quarterly Results 11-Oct-23 ROSELABS Quarterly Results 12-Oct-23
SEL Quarterly Results 11-Oct-23 SHAH Quarterly Results 12-Oct-23
SHAHLON General 11-Oct-23 SICAL Quarterly Results 12-Oct-23
SHAKTIPUMP General 11-Oct-23 SWSOLAR Quarterly Results 12-Oct-23
SIGNATURE Quarterly Results 11-Oct-23 TATAMETALI Audited Results 12-Oct-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
GUJTHEM 10-Oct-23 Stock  Split From Rs.5/- to Rs.1/- KPIGREEN 20-Oct-23 Interim Dividend
JONJUA 10-Oct-23 Bonus issue 9:50 NEOGEN 20-Oct-23 E.G.M.
THEMISMED 10-Oct-23 Stock  Split From Rs.10/- to Rs.1/- TCIEXP 26-Oct-23 Interim Dividend
JYOTISTRUC 11-Oct-23 E.G.M. BCLIL 27-Oct-23 Stock  Split From Rs.10/- to Rs.1/-
REFNOL 11-Oct-23 Amalgamation ICICIGI 27-Oct-23 Interim Dividend
ADVLIFE 13-Oct-23 Bonus issue 1:1 ISEC 27-Oct-23 Interim Dividend
INFRATRUST 13-Oct-23 Income Distribution (InvIT) LTIM 27-Oct-23 Interim Dividend
MRP 13-Oct-23 Bonus issue 2:1 SVRL 27-Oct-23 Bonus issue 1:1
RMC 13-Oct-23 Bonus issue 1:2 TALBROAUTO 27-Oct-23 Stock  Split From Rs.10/- to Rs.2/-
CASPIAN 17-Oct-23 Final Dividend – Rs. – 0.0500 UNJHAFOR 30-Oct-23 E.G.M.
GLS 17-Oct-23 Interim Dividend NESTLEIND 01-Nov-23 Interim Dividend
KAMAHOLD 17-Oct-23 Bonus issue 4:1 HINDUNILVR 02-Nov-23 Interim Dividend
BCONCEPTS 19-Oct-23 Final Dividend – Rs. – 0.5000 ASIANPAINT 03-Nov-23 Interim Dividend
RITCO 19-Oct-23 E.G.M. HPAL 09-Nov-23 Stock  Split From Rs.10/- to Rs.2/-
TCS 19-Oct-23 Interim Dividend INSECTICID 10-Nov-23 Interim Dividend
ANANDRATHI 20-Oct-23 Interim Dividend PGHL 13-Nov-23 Final Dividend – Rs. – 50.0000
ANGELONE 20-Oct-23 Interim Dividend PGHH 17-Nov-23 Final Dividend – Rs. – 105.0000
HCLTECH 20-Oct-23 Interim Dividend GILLETTE 21-Nov-23 Final Dividend – Rs. – 50.0000

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