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Stock Market Daily Updates: 4 Oct 2021

The Central Bank is expected to maintain its accommodative stance to maintain adequate liquidity in the system and to support economic activity.

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Dear Trader…

FII and FPIs, on Friday saw a net purchase of Rs 131.39 crore in the cash segment. A total of Rs 6917.84 crore was sold against a total purchase of Rs 7049.23 crore. Domestic institutional investors saw a net sold of Rs 613.08 crore in the cash segment. A total of Rs 6706.90 crore was sold against a total purchase of Rs 6093.82 crore.

In the coming days, the RBI is scheduled to announce its monetary policy. The Central Bank is expected to maintain its accommodative stance to maintain adequate liquidity in the system and to support economic activity. India’s service PMI is also due to be released on this week.

Ø INDEX MOVEMENT - 04.10.2021

Ø Nifty Future closed @ 17530 as on 01.10.2021..!!

If Nifty Future crosses @ 17676 Point, again then the upper side target is quite high and it may touch @ 17707 Point in the short term...!!!

Ø Trading Idea for the derivative stocks….

Ø LARSEN LTD @ Positive Trend @ Rs 1670 with Stoploss of Rs @ 1647 for the Target near @ Rs 1723 - 1747 in short term…..!!!

Ø TECHM @ Positive Trend @ Rs 1344 with Stoploss of Rs @ 1327 for the Target near @ Rs 1388 – 1404 in short term…..!!!

Ø CIPLA LTD @ Positive Trend @ Rs 960 with Stoploss of Rs @ 944 for the Target near @ Rs 997 – 1008 in short term…..!!!

Ø SUN PHARMA @ Positive Trend @ Rs 808 with Stoploss of Rs @ 801 for the Target near @ Rs 838 – 850 in short term…..!!!

Ø ACC LTD @ Negative Trend @ Rs 2288 with Stop loss of Rs @ 2303 for the Target near @ Rs 2217 – 2190 in short term...!!!

Ø KOTAK BANK @ Negative Trend @ Rs 2044 with Stop loss of Rs @ 2063 for the Target near @ Rs 1960 - 1947 in short term...!!!

Ø TATA CHEMICAL @ Negative Trend @ Rs 939 with Stop loss of Rs @ 946 for the Target near @ Rs 898 - 880 in short term...!!!

Ø AMARA RAJA BAT. @ Negative Trend @ Rs 787 with Stop loss of Rs @ 797 for the Target near @ Rs 744 – 727 in short term...!!!

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Nikhil Bhatt | Research Analyst - SEBI

The author is a well established entrepreneur having a more than 16 years of experience in the field of stock market and financial management.

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