The NIFTY opened at 19831.70 without much of a gap. Initially, prices moved lower but found support quickly and turned up after recording its intraday low at 19758.40.The rally found resistance near the opening tick and then formed a consolidation. The trading range eventually broke on the upside and the index moved up sharply. Prices have inched towards the 20000 mark but were not able to touch that and recorded its intraday high at 19991.85. The index finally closed at 19979.15 with a gain of 146 points or 0.74% up. All the sectoral indices have closed higher today except IT which ended with a loss of over half percent. BANK, FINANCIAL, FMCG, and PHARMA outperformed today and led the bulls. The short-term trend is up. Support is visible around 19500 while there is no visible resistance as the index is trading in uncharted territory. However, we can assume that prices may become nervous around the historic 20000 mark.


The BANK NIFTY opened at 45689.05 with a gap up of just 21 points. The index started a consolidation process and eventually broke on the upside after recording its intraday low at 45640.95. Prices have started an upside rally which lasted till the end and took the index to its intraday high at 46256.20. The index finally closed at 46171.45 with a gain of 503 points. PSU and PVT BANK, both indices have performed almost the same today, saw an upside move and closed with a gain of 0.72% & 1.15% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while BANK BARODA contributed the lowest. The short-term trend is up. Support is now visible around 45000 while there is now visible resistance as the index trading in uncharted territory.


GODREJ CP 1060.40 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1062.15 with a stop loss of  1054.65 and a target of 1085.15.
DIXON 4265.36 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 4253.75 with a stop loss of 4306.50 and a target of 4145.75.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HDFCAMC.23.07 Jul 2507 4.07 0.48 2443500 ABB.23.07 Jul 4216 -6.56 15.97 1470500
ICICIGI.23.07 Jul 1409.25 2.99 15.01 4402500 SHREECEM.23.07 Jul 23433.1 -2.86 3.99 268600
GLENMARK.23.07 Jul 738.95 2.55 7.36 7461700 INFY.23.07 Jul 1437.4 -2.47 0.21 33486400
BALRAMCHIN.23.07 Jul 390.5 2.52 5.76 11228800 SIEMENS.23.07 Jul 3642.25 -2.23 4.4 1838375
ITC.23.07 Jul 492.1 2.38 1.88 77587200 COFORGE.23.07 Jul 4765.25 -2.23 11.75 824700
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
POLYCAB.23.07 Jul 4745 10.33 -14.86 1766700 RELIANCE.23.07 Jul 2629.7 -7.43 -81.42 2617750
RBLBANK.23.07 Jul 219.9 3.31 -1.19 42620000 IDEA.23.07 Jul 7.55 -2.58 -2.6 586240000
AUROPHARMA.23.07 Jul 774 2.97 -0.17 13588300 JKCEMENT.23.07 Jul 3214 -2.31 -1.42 312250
KOTAKBANK.23.07 Jul 1956.65 2.54 -1.84 22450800 L&TFH.23.07 Jul 129.1 -2.05 -1.71 62021800
ASHOKLEY.23.07 Jul 176.7 1.99 -0.62 76020000 LTTS.23.07 Jul 4095 -1.48 -7.61 891400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bharti Airtel Limited 884.85 1.62 3779959 5534943 83.33 Nifty50 19979.15 0.74 117336
Crompton Greaves Consume 295.55 0.72 1764220 3601912 76.38 Niftybank 46186.9 1.13 117273
Sbi Life Insurance Compa 1314.05 0.27 898725 480185 72.77 Nifty it 31145.95 -0.66 117273
Shriram Finance Limited 1782.85 -0.16 575685 867464 72.67 India Vix 11.79 1.59 118851
Hdfc Life Insurance Comp 661.05 0.3 2754328 3435279 70.59 Nifty Fmcg 54239.7 1.35 117273
Upl Limited 639.4 0.04 2365174 2093882 70.02 Nifty Pharma 14299.05 1.46 117273
Power Grid Corporation o 244.25 0.41 7686812 11801622 68.55 Nifty Realty 536.3 0.03 117273
Container Corp Of India 685.7 -0.03 1698350 564280 67.81 Nifty Auto 15577 0.41 117273
Hindustan Unilever Ltd 2703.25 1.18 1430764 790275 67.75 Nifty Metal 6485.25 0.17 117273
Reliance Industries Ltd 2619.85 -7.81 19358812 12100679 67.02 Nifty Financial Services 20584.35 1.02 117270

Upcoming Economic Data

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

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

USD: Services PMI (Jul) on 24th July, 2023

USD: CB Consumer Confidence (Jul) on 25th July, 2023

News Updates

  • India’s benchmark stock indices advanced for the sixth day to end a record close on Thursday. Nifty 50 index closed 21 points away from the 20,000 mark, where as Sensex rose above 67,600 level. Intraday, the Sensex rose 0.78% to scale a new high at 67,619.17 points and Nifty 50 advanced 0.80% to hit record high at 19,991.85 points.

  • IT major Infosys ended the first quarter of FY24 with 6,940 fewer employees, making this the second consecutive quarter the company’s headcount has shrunk. With this, the company’s headcount stands at 3,36,294.

  • Real Estate company Acres Buildwell Private Limited on July 20 withdrew its insolvency plea against low-cost airline SpiceJet. The plea was filed in National Company Law Tribunal (NCLT), Delhi.

  • India’s second-largest IT company Infosys slashed its revenue guidance for the fiscal to 1-3.5% from 4-7%, amid an increasingly challenging demand environment.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
20MICRONS Quarterly Results 21-Jul-23 HINDZINC Quarterly Results 21-Jul-23
AARTIDRUGS Audited Results;Buy Back of Shares;Quarterly Results 21-Jul-23 IMPEXFERRO General 21-Jul-23
ACML General;A.G.M. 21-Jul-23 JONJUA General 21-Jul-23
ALEXANDER A.G.M. 21-Jul-23 JSWSTEEL Quarterly Results 21-Jul-23
ASHNOOR General 21-Jul-23 KABRAEXTRU Quarterly Results 21-Jul-23
ASHOKLEY Quarterly Results;General 21-Jul-23 KHAITANLTD General 21-Jul-23
ATUL Quarterly Results 21-Jul-23 LKPFIN Quarterly Results 21-Jul-23
AVL Quarterly Results;General;A.G.M. 21-Jul-23 LLFICL General 21-Jul-23
BENARAS Quarterly Results;General 21-Jul-23 MNIL Quarterly Results 21-Jul-23
CMSINFO Quarterly Results;A.G.M. 21-Jul-23 NOL General;A.G.M. 21-Jul-23
CREDITACC Quarterly Results;General 21-Jul-23 PAYTM Quarterly Results 21-Jul-23
CYIENTDLM Quarterly Results 21-Jul-23 PEOPLIN Quarterly Results 21-Jul-23
DCMNVL Quarterly Results 21-Jul-23 PNBGILTS Quarterly Results;Interim Dividend 21-Jul-23
DLF Quarterly Results 21-Jul-23 PONNIERODE Quarterly Results 21-Jul-23
DODLA Quarterly Results 21-Jul-23 RAJATH Quarterly Results 21-Jul-23
EARUM Bonus issue;Buy Back of Shares;Final Dividend;A.G.M.;Stock  Split 21-Jul-23 RAJGLOWIR Quarterly Results;General 21-Jul-23
FEDERALBNK General 21-Jul-23 RELIANCE Final Dividend;Quarterly Results 21-Jul-23
GGAUTO Quarterly Results 21-Jul-23 RFSL A.G.M. 21-Jul-23
GLS Quarterly Results 21-Jul-23 RKFORGE Employees Stock Option Plan;Quarterly Results;General 21-Jul-23
GNA Bonus issue;Quarterly Results 21-Jul-23 RPPINFRA General 21-Jul-23
GSBFIN General 21-Jul-23 SAGRSOY-B Preferential Issue of shares;Issue Of Warrants 21-Jul-23
HDFCLIFE Quarterly Results 21-Jul-23 SIPTL Right Issue of Equity Shares;Rights Issue 21-Jul-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ABBOTINDIA 21-Jul-23 Special Dividend – Rs. – 145.0000 INDIANHUME 21-Jul-23 Final Dividend – Rs. – 1.0000
ABBOTINDIA 21-Jul-23 Final Dividend – Rs. – 180.0000 INFOBEAN 21-Jul-23 Final Dividend – Rs. – 1.0000
ACI 21-Jul-23 Final Dividend – Rs. – 2.5000 INTELLECT 21-Jul-23 Final Dividend – Rs. – 2.5000
ANGELONE 21-Jul-23 Interim Dividend – Rs. – 9.2500 JAMNAAUTO 21-Jul-23 Final Dividend – Rs. – 1.1000
ANUP 21-Jul-23 Final Dividend – Rs. – 15.0000 KHAICHEM 21-Jul-23 Final Dividend – Rs. – 0.3000
ARVIND 21-Jul-23 Special Dividend – Rs. – 2.0000 KOKUYOCMLN 21-Jul-23 Dividend – Rs. – 0.5000
ARVIND 21-Jul-23 Final Dividend – Rs. – 3.7500 KPRMILL 21-Jul-23 Final Dividend – Rs. – 2.0000
ARVSMART 21-Jul-23 Final Dividend – Rs. – 1.6500 L&TFH 21-Jul-23 Final Dividend – Rs. – 2.0000
ARVSMART 21-Jul-23 Special Dividend – Rs. – 1.6500 LICI 21-Jul-23 Final Dividend – Rs. – 3.0000
ASTEC 21-Jul-23 Final Dividend – Rs. – 1.5000 LXCHEM 21-Jul-23 Final Dividend – Rs. – 0.5000
BASF 21-Jul-23 Final Dividend – Rs. – 8.0000 M&MFIN 21-Jul-23 Dividend – Rs. – 6.0000
BLUESTARCO 21-Jul-23 Final Dividend – Rs. – 6.0000 MINDACORP 21-Jul-23 Final Dividend – Rs. – 0.8000
BOMBCYC 21-Jul-23 Final Dividend – Rs. – 5.0000 RPGLIFE 21-Jul-23 Final Dividend – Rs. – 12.0000
CIPLA 21-Jul-23 Final Dividend – Rs. – 8.5000 SAINTGOBAIN 21-Jul-23 Final Dividend – Rs. – 1.5000
DABUR 21-Jul-23 Final Dividend – Rs. – 2.7000 SASKEN 21-Jul-23 Final Dividend – Rs. – 13.0000
DHANUKA 21-Jul-23 Final Dividend – Rs. – 2.0000 SONATSOFTW 21-Jul-23 Final Dividend – Rs. – 8.7500
FIEMIND 21-Jul-23 Final Dividend – Rs. – 30.0000 SUMICHEM 21-Jul-23 Final Dividend – Rs. – 1.2000
GCSL 21-Jul-23 Final Dividend – Rs. – 0.5000 SUPER 21-Jul-23 Final Dividend – Rs. – 7.0000
GOLDIAM 21-Jul-23 Buy Back of Shares SYMPHONY 21-Jul-23 Final Dividend – Rs. – 1.0000
HIL 21-Jul-23 Final Dividend – Rs. – 25.0000 TANTIACONS 21-Jul-23 Resolution Plan -Suspension
IMFA 21-Jul-23 Final Dividend – Rs. – 5.0000 TECHM 21-Jul-23 Final Dividend – Rs. – 32.0000
IMPAL 21-Jul-23 Dividend – Rs. – 15.0000 THERMAX 21-Jul-23 Dividend – Rs. – 10.0000

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