The NIFTY opened at 19612.15 with a gap up of 48 points. The index initially moved lower and filled the gap. However, prices found support there and bounced up quickly. Prices recorded its intraday low at 19562.95 within the first 15 minutes of trading, saw a sharp intraday rally, and moved above 19700 comfortably. The rally continued till the end. Minor dips and consolidation were used to add or buy fresh. The index recorded its intraday high at 19731.85 and finally closed at 19711.45 with a gain of 146.95 points or 0.75% up. All the sectoral indices have dosed higher today except AUTO and REALTY, which ended with a minor loss. MEDIA led the bulls today as the sector closed with a gain of 3.31% followed by BANK and FINANCIAL which ended with a gain of more than 1%. The short-term trend is up. It must be up as the index moves near its swing highs and recorded lifetime new highs again. We should look for buying opportunities only.


The BANK NIFTY opened at 44951.20 with a gap up of just 60 points. The index initially moved down more than 200 points but soon found strong intraday support around 44700. Prices have moved in a tight narrow range and eventually broke on the upside after recording its intraday low at 44695.05. The index has seen a sharp intraday rally of more than 700 points, recorded its intraday high at 45556.45, and finally closed at 45502.10 with a gain of 611 points. PSU BANK and PVT BANK both indices have performed almost the same today, saw a sharp intraday rally, and finally closed with a gain of 2.25% & 1.33% respectively. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AU BANK contributed the lowest. It was a tale of two halves where prices consolidated in the first half while seeing a sharp rally in the second half. The last few days of narrow price movement resulted in a sharp upside move. The short-term trend is up.


AXIS BANK 964.85 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 969.00 with a stop loss of 959.90 and a target of 989.90.
BHARTI AIRTEL 878.10 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 875.95 with a stop loss of 880.50 and a target of 865.25.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
BAJAJ FINANCE  7550 CE BUY 135.50 CMP 114.90 199.00 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ZEEL.23.07 Jul 231.8 7.22 5.33 96648000 GODREJPROP.23.07 Jul 1623.3 -2.91 9.04 2956875
INDUSTOWER.23.07 Jul 172.5 4.74 3.07 87434400 BANDHANBNK.23.07 Jul 216.1 -2.9 6.93 54197500
IDEA.23.07 Jul 7.7 4.05 1.73 617920000 OFSS.23.07 Jul 3946.4 -2.19 1.49 312400
NATIONALUM.23.07 Jul 93.15 3.85 3.29 54150000 AUBANK.23.07 Jul 766.85 -1.94 5.89 11737000
ALKEM.23.07 Jul 3649.4 3.49 2.6 790000 HEROMOTOCO.23.07 Jul 3053.4 -1.64 7.09 3937200
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RBLBANK.23.07 Jul 223.5 5.42 -9.2 54850000 EXIDEIND.23.07 Jul 249.65 -2.23 -0.43 18367200
MPHASIS.23.07 Jul 2132.4 2.74 -1.65 2678775 ONGC.23.07 Jul 166.95 -1.42 -1.01 41021750
AARTIIND.23.07 Jul 466.7 2.52 -3.79 11197000 DELTACORP.23.07 Jul 183 -1.11 -0.95 17743600
SRF.23.07 Jul 2250 2.47 -2.79 4774125 ASTRAL.23.07 Jul 1840.25 -0.87 -0.5 2051530
MCX.23.07 Jul 1601.9 2.39 -2.31 2028000 ICICIPRULI.23.07 Jul 585.35 -0.84 -0.99 10311000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 241 0.4 8605621 46140584 85.34 Nifty50 19711.45 0.75 107100
Kotak Mahindra Bank Limi 1897.05 1.5 3329856 5961814 83.59 Niftybank 45449.75 1.41 107046
Ambuja Cements Ltd 416.6 0 5100742 6050673 79.83 Nifty it 31041.6 0.31 107046
Gujgasltd 461.25 0.23 1741503 1494930 75.93 India Vix 11.31 5.95 107331
Coromandel International 960.45 1.73 420915 792901 73.89 Nifty Fmcg 53471.6 0.03 107046
Bharti Airtel Limited 878.1 -0.95 5614592 2845959 73.73 Nifty Pharma 14053.7 0.77 107046
Bosch Limited 18969.1 0.36 19450 64347 73.65 Nifty Realty 539.65 -0.03 107046
Indusind Bank Ltd. 1390.5 0.98 4003275 2839314 73.07 Nifty Auto 15526.8 -0.32 107046
Sbi Life Insurance Compa 1314.5 -0.44 1055414 964863 73.03 Nifty Metal 6500.55 0.48 107046
Ultratech Cement Limited 8251 0.84 202735 180626 72.47 Nifty Financial Services 20301.25 1.25 107046


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 21st July, 2023

INR: Infrastructure Output (YoY) (Jun) on 31st July, 2023

USD: Retail Sales (MoM) (Jun) on 18th July, 2023

USD: Building Permits (Jun) on 19th July, 2023


  • The market continued its record rally and also extended the winning streak on the third consecutive session on July 17 led by buying across the sectors barring auto, which helped Nifty to comfortably close above 19,700. At close, the Sensex was up 529.03 points or 0.80 percent at 66,589.93, and the Nifty was up 147 points or 0.75 percent at 19,711.50.

  • IT services major LTIMindtree on July 17 declared a consolidated net profit of Rs 1,151.5 crore in the first quarter of fiscal year 2023-24, which marks a jump of 4 percent as compared to 1,106 crore reported in the year-ago period.

  • The Tamil Nadu-based lender had posted a net profit of Rs 235 crore in the year-ago period. Total income during the quarter under review increased to Rs 2,216 crore from Rs 1,673 crore in FY23, Karur Vysya Bank said in a regulatory filing. Interest earned by the bank grew to Rs 1,883 crore over Rs 1,474 crore in the June quarter a year ago. The bank’s asset quality showed improvement as gross Non-Performing Assets (NPAs) declined to 1.99 percent of gross advances by the end of June 2023, from 5.28 percent as of June 2022.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AEL Final Dividend 18-Jul-23 MORARKFI Quarterly Results 18-Jul-23
ANUBHAV General 18-Jul-23 MUDRA Quarterly Results 18-Jul-23
ASIAN Quarterly Results;Audited Results 18-Jul-23 NETWORK18 Quarterly Results 18-Jul-23
ATISHAY Quarterly Results 18-Jul-23 NILACHAL General 18-Jul-23
AURUM Quarterly Results 18-Jul-23 POLYCAB Quarterly Results 18-Jul-23
BBL Quarterly Results 18-Jul-23 RAJKSYN Quarterly Results 18-Jul-23
BROOKS Right Issue of Equity Shares 18-Jul-23 RLF General 18-Jul-23
CIEINDIA Quarterly Results 18-Jul-23 SCPL Quarterly Results 18-Jul-23
DRA General 18-Jul-23 SIPL A.G.M. 18-Jul-23
ELIL A.G.M.;General 18-Jul-23 SODFC Quarterly Results 18-Jul-23
GANESHHOUC Quarterly Results 18-Jul-23 SURAJ Quarterly Results 18-Jul-23
HEIDELBERG Quarterly Results 18-Jul-23 TTLEL General;Quarterly Results 18-Jul-23
HSCL Quarterly Results 18-Jul-23 TV18BRDCST Quarterly Results 18-Jul-23
ICICIGI Quarterly Results;Audited Results 18-Jul-23 VIVANTA Bonus issue;Quarterly Results 18-Jul-23
ICICIPRULI Quarterly Results;Audited Results 18-Jul-23 ACGL Quarterly Results 19-Jul-23
INDUSINDBK Quarterly Results 18-Jul-23 ALOKTEXT Quarterly Results 19-Jul-23
JSWISPL Quarterly Results 18-Jul-23 BETALA Quarterly Results 19-Jul-23
KIRANSY-B Quarterly Results 18-Jul-23 CANFINHOME Quarterly Results 19-Jul-23
LOTUSCHO Quarterly Results 18-Jul-23 CENTURYTEX Quarterly Results 19-Jul-23
LTTS Quarterly Results 18-Jul-23 FINOLEXIND Quarterly Results 19-Jul-23
MAGANTR Quarterly Results 18-Jul-23 FREDUN Quarterly Results 19-Jul-23
MISHTANN Quarterly Results 18-Jul-23 GOODLUCK Quarterly Results 19-Jul-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AGOL 18-Jul-23 Stock  Split From Rs.10/- to Rs.1/- GPTINFRA 20-Jul-23 Final Dividend – Rs. – 1.5000
ANMOL 18-Jul-23 Bonus issue 4:1 GRAPHITE 20-Jul-23 Dividend – Rs. – 8.5000
BBOX 18-Jul-23 E.G.M. HCLTECH 20-Jul-23 Interim Dividend – Rs. – 10.0000
DCMSHRIRAM 18-Jul-23 Final Dividend – Rs. – 3.6000 KANCOTEA 20-Jul-23 Dividend – Rs. – 1.0000
JAMESWARREN 18-Jul-23 Buy Back of Shares LLFICL 20-Jul-23 Bonus issue 1:1
ORIENTBELL 18-Jul-23 Dividend – Rs. – 1.0000 MRF 20-Jul-23 Final Dividend – Rs. – 169.0000
POONAWALLA 18-Jul-23 Final Dividend – Rs. – 2.0000 NATCAPSUQ 20-Jul-23 Final Dividend – Rs. – 1.0000
PRECAM 18-Jul-23 Final Dividend – Rs. – 1.0000 NOVARTIND 20-Jul-23 Special Dividend – Rs. – 37.5000
TTKHEALTH 18-Jul-23 Final Dividend – Rs. – 10.0000 NOVARTIND 20-Jul-23 Final Dividend – Rs. – 10.0000
UTIAMC 18-Jul-23 Final Dividend – Rs. – 22.0000 ORIENTCQ 20-Jul-23 Final Dividend – Rs. – 7.0000
BCPL 19-Jul-23 Final Dividend – Rs. – 0.7000 RELIANCE 20-Jul-23 Spin Off
BLUEDART 19-Jul-23 Dividend – Rs. – 30.0000 RITHWIKFMS 20-Jul-23 E.G.M.
JENBURPH 19-Jul-23 Dividend – Rs. – 14.4000 ROSSELLIND 20-Jul-23 Dividend – Rs. – 0.4000
MAHLIFE 19-Jul-23 Dividend – Rs. – 2.3000 SFPIL 20-Jul-23 Stock  Split From Rs.10/- to Rs.5/-
MASFIN 19-Jul-23 Final Dividend – Rs. – 1.8500 TCS 20-Jul-23 Interim Dividend – Rs. – 9.0000
PRAJIND 19-Jul-23 Dividend – Rs. – 4.5000 WEIZMANIND 20-Jul-23 Final Dividend – Rs. – 0.5000
SWELECTES 19-Jul-23 Final Dividend – Rs. – 1.2000 ABBOTINDIA 21-Jul-23 Final Dividend – Rs. – 180.0000
TEJNAKSH 19-Jul-23 Stock  Split From Rs.10/- to Rs.5/- ABBOTINDIA 21-Jul-23 Special Dividend – Rs. – 145.0000
ACKNIT 20-Jul-23 Final Dividend – Rs. – 1.5000 ACI 21-Jul-23 Final Dividend – Rs. – 2.5000
COCKERILL 20-Jul-23 Final Dividend – Rs. – 5.0000 ANGELONE 21-Jul-23 Interim Dividend – Rs. – 9.2500
DUNCANENG 20-Jul-23 Final Dividend – Rs. – 1.0000 ANUP 21-Jul-23 Final Dividend – Rs. – 15.0000
FORTIS 20-Jul-23 Final Dividend – Rs. – 1.0000 ARVIND 21-Jul-23 Special Dividend – Rs. – 2.0000

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