Nifty consolidated strongly last week. It traded strongly between 11,800 and 12,000 and as we all know, after any strong consolidation there are chances of a huge move. Let’s see what are the factors that will affect markets next week.

US Stimulus Wait Continues

With the US election just 9 days away, the talks for US Stimulus are still continuing. Global markets, including Indian markets are still waiting patiently for a new stimulus bill and this may move markets next week.

HDFC Bank’s Aditya Puri to resign tomorrow

HDFC Bank’s first employee and CEO Aditya Puri is set to retire tomorrow. Shashidhar Jagadeesan is set to take over as MD & CEO from Tuesday. marketfeed congratulates Aditya Puri for his highly successful career and wish him well for future endeavors.

Flood of Results Coming to D-Street

The most prominent results coming out are Kotak Mahindra Bank, Bharti Airtel, Tata Motors, Axis Bank, Dr Reddy’s Labs, Hero MotoCorp, Larsen & Toubro, Titan Company, ICICI Bank, Maruti Suzuki India, Reliance Industries, BPCL, IndusInd Bank, IOC, Bank of Baroda, Canara Bank, Havells India, Vodafone Idea, InterGlobe Aviation, Angel Broking, Finolex Industries, JM Financial, M&M Financial Services, SBI Life Insurance Company, Torrent Pharmaceuticals, Amara Raja Batteries, Ceat, ICICI Prudential Life Insurance Company, Nippon Life India Asset Management, AU Small Finance Bank, Blue Star, Cummins India, ICICI Securities, Marico, Max India, MCX, MOIL, PNB Housing Finance, RBL Bank, Route Mobile, Thyrocare Technologies, UTI Asset Management Company, JK Paper, Shriram Transport Finance, Tata Chemicals, TVS Motor Company, Welspun Corp, Dixon Technologies, DLF, Jindal Steel & Power, Max Financial Services, Motilal Oswal Financial Services, UPL, DCB Bank and IDFC First Bank.

Yes, I know it is a lot but these stocks will definitely move the market next week, including many Nifty 50 stocks.

Major Results Coming up this Week

Hindustan Unilever, Asian Paints, Bajaj Auto, ACC, Nestle India, Britannia Industries, Yes Bank, Tech Mahindra, CSB Bank, HDFC Life Insurance Company, L&T Technology Services, Larsen & Toubro Infotech, Bajaj Finserv, Bajaj Finance, Colgate-Palmolive, JK Tyre, UltraTech Cement, Alembic Pharmaceuticals, Biocon, HDFC Asset Management Company, Bharti Infratel, L&T Finance Holdings, SBI Cards and Payment Services, ICICI Lombard General Insurance Company, IDBI Bank, Persistent Systems and Rossari Biotech are just some of the important results coming up next week.

More than just individual stock movement, you can watch the results to understand how different industries are performing during the pandemic.

ICICI Bank Halting Sri Lanka Operations

ICICI Bank has officially stopped operations in Sri Lanka. This does not look good for the Bank in the long run and marketfeed will definitely write an in-depth article on this topic.

Mumbai Police Shifts official bank to HDFC Bank from Axis Bank

Mumbai Police has shifted the official salary account of its employees to HDFC Bank from Axis Bank. This sudden shift has raised a lot of eyebrows and the conspiracy is that political factors may have played a role in this shift.

Tata Motors Actively Looking for a Partner

Tata Motors’ President of Passenger Vehicles said in an interview with PTI that the company is actively looking for a partner to run its passenger vehicles section. Let us see who shows up for this potentially massive collaboration.

Monthly F&O Expiry – What are the Technicals Saying?

As you know, the F&O expiry is on the last Thursday of every month. So come October 29, we can expect a good volatility in the market. Even with continued call writing near 12,000 level, the highest call open interest is at 12,500. There is a high possibility that Nifty will sustain above 12,000 if aided by heavy-weights Reliance, TCS and banks. With 12,000 range being respected multiple times now, any strong close above this level could take Nifty up to even 12,200.

Watch out for supports at 11,800 and 11,600. Highest put option interest continues to be at 10,500 level surprisingly along with 11,500 level.