The NIFTY opened at 19733.35 with a gap up of 53 points. The index continued its early morning bullish momentum and started moving higher from its opening tick. A rally took prices above 19800 and then the index found resistance around that level. Prices have started a consolidation process and spent the end four hours around the 19800 level. The index eventually broke down from that range. Prices have recorded its intraday high at 19825.60, its intraday low at 19716.70, and finally closed at 19778.30 with a gain of 97.70 points or 0.50% up. All the sectoral indices have closed with gains except AUTO which ended with minor losses. The FMCG and REALTY outperformed today and ended with a gain of over 1% followed by MEDIA, PHARMA, and OIL GAS. The short-term trend is up. Support is visible around 19500 while psychological resistance is visible around the historic 20000 mark.


The BANK NIFTY opened at 45935.15 with a gap up of 97 points. The index initially moved down, filled the gap, and then found an intraday support around 45800 Prices bounced up after recording its intraday low at 45804.70 and then saw a mild upside move throughout the day. Within the rally, prices have seen multiple dips which were eventually bought into. The index recorded its intraday high at 46096.60 and finally closed at 46043.40 with a gain of 205 points. PSU BANK outperformed today, saw a sharp upside move, and closed with a gain of 1.50%. PVT BANK has also moved up today and closed with a gain of 0.68% Within the index, in terms of points, AXIS BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The index also made a pattern of INSIDE DAY. This pattern appears when the current day’s range is within the previous day’s range. The pattern signaled a contraction which should lead to an expansion.


ICICI BANK 996.45 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 997.90 with a stop loss of 993.10 and a target of 1008.50.
APOLLO HOSP 5155.75 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 5142.50 with a stop loss of 5182.00 and a target of 5062.50.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
AXIS BANK  1000 CE BUY 4.30 ABOVE 4.30 2.90 8.85 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PEL.23.07 Jul 1082 7.52 1.09 6177750 HDFCAMC.23.07 Jul 2436.5 -2.91 4 1106700
PNB.23.07 Jul 63.3 4.37 9.02 209840000 BAJFINANCE.23.07 Jul 7455.15 -2.22 2.23 2118750
TATACOMM.23.07 Jul 1667.3 3.28 7.37 2446500 OFSS.23.07 Jul 3773.95 -1.99 7.37 207000
LT.23.07 Jul 2653.85 3.26 26.95 9621300 NAUKRI.23.07 Jul 4525.25 -1.9 10.21 378900
PVR INOX LIMITED.23.07 J 1529.85 2.94 3.88 1796091 JUBLFOOD.23.07 Jul 470 -1.78 7.65 5927500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IDEA.23.07 Jul 9 13.21 -15.22 325200000 CANFINHOME.23.07 Jul 773.7 -8.99 -19.89 1170000
RBLBANK.23.07 Jul 239 7.08 -14.31 21530000 INTELLECT.23.07 Jul 600.9 -2.73 -3.88 1255800
INDUSTOWER.23.07 Jul 182 5.66 -1.94 28750400 SYNGENE.23.07 Jul 766.15 -1.43 -1.66 1891000
BALKRISIND.23.07 Jul 2509.7 5.03 -10.83 343500 LAURUSLABS.23.07 Jul 342.5 -1.3 -37.08 4887500
IBULHSGFIN.23.07 Jul 126.5 4.89 -3.49 52025100 LTTS.23.07 Jul 3928.7 -1.25 -31.08 256800

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Info Edge (india) Limite 4540.3 -1.58 167108 301955 82.93 Nifty50 19778.3 0.5 103236
Godrej Cons Products Ltd 1038.55 0.36 1064454 873776 78.45 Niftybank 46062.35 0.47 103185
Apollo Hospitals Ltd 5155.75 -1.08 297720 422681 77.14 Nifty it 29800.4 0.13 103185
Hindustan Unilever Ltd 2583.3 0.59 1300033 1268553 76.71 India Vix 10.46 2.12 103590
Colgate Palmolive (india 1883.6 -0.81 442282 628022 74.01 Nifty Fmcg 52865.3 1.05 103185
Container Corp Of India 678.95 -0.09 504923 870085 73.56 Nifty Pharma 14478.35 0.66 103185
Coalindia 230.5 0.24 7574284 8094450 73.42 Nifty Realty 541.35 1.19 103185
Oil & Natural Gas Corp 172.95 -0.03 9103949 7621426 72.72 Nifty Auto 15763.25 -0.01 103185
Syngene 762.3 -1.86 662877 383343 71.87 Nifty Metal 6604.95 0.32 103185
Infosys Limited 1348.85 1.07 5528884 4869004 71.58 Nifty Financial Services 20540.8 0.05 103185

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: Bank Loan Growth on 28th July, 2023

INR: Infrastructure Output (YoY) (Jun) on 28st July, 2023

USD: GDP (QoQ) (Q2) on 27th July, 2023

USD: Core Durable Goods Orders (MoM) (Jun) on 27th July, 2023

News Updates

  • Benchmark indices ended higher on July 26 with Nifty above 19750. At close, the Sensex was up 351.49 points or 0.53% at 66,707.20, and the Nifty was up 97.70 points or 0.50% at 19,778.30. About 1854 shares advanced, 1591 shares declined, and 155 shares unchanged.

  • Bajaj Finance on July 26 reported a 32.4 percent rise in its consolidated net profit to Rs 3,436.89 crore in the first quarter of the current financial year, beating brokerages estimate of Rs 3,287 crore. This was on the back of increase in net interest income amid rise in new loans booked, and growth on commercial lending and loan against securities..

  • Asirvad Microfinance, the subsidiary of listed NBFC Manappuram Finance , has commenced work on an IPO (initial public offer) to raise around Rs 1,500 crore and has mandated 3 investment banks for the deal, multiple industry sources with knowledge of the matter told Moneycontrol.

  • Punjab National Bank (PNB) on July 26 reported a 307 percent rise in net profit at Rs 1255.41 crore for the April-June quarter of FY24 as against Rs 308.44 crore a year ago.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
21STCENMGM A.G.M. 27-Jul-23 COROMANDEL Quarterly Results 27-Jul-23
ABHISHEK General 27-Jul-23 CORPOCO General 27-Jul-23
ACC Quarterly Results 27-Jul-23 CYBERTECH Quarterly Results 27-Jul-23
ACCELYA Audited Results;Final Dividend 27-Jul-23 DIGISPICE Quarterly Results 27-Jul-23
ACEENGITEC Quarterly Results 27-Jul-23 ESSENTIA Quarterly Results;General 27-Jul-23
ACL Quarterly Results 27-Jul-23 EVERFIN A.G.M.;Quarterly Results;Preferential Issue of shares 27-Jul-23
AJANTPHARM Quarterly Results;Interim Dividend 27-Jul-23 FOSECOIND Quarterly Results 27-Jul-23
ALPHA Quarterly Results 27-Jul-23 GANGOTRI Quarterly Results 27-Jul-23
ANMOL Quarterly Results;General 27-Jul-23 GBGLOBAL General 27-Jul-23
ARVIND Quarterly Results 27-Jul-23 GPIL Quarterly Results;General 27-Jul-23
ASTEC Quarterly Results;General 27-Jul-23 GRNLAMIND Quarterly Results 27-Jul-23
AYOME Quarterly Results 27-Jul-23 HARISH General 27-Jul-23
BAJAJFINSV Quarterly Results 27-Jul-23 HMVL Quarterly Results 27-Jul-23
BAJAJHLDNG Quarterly Results 27-Jul-23 HOMEFIRST Quarterly Results 27-Jul-23
BEL Quarterly Results 27-Jul-23 IBINFO Quarterly Results 27-Jul-23
BLAL Quarterly Results 27-Jul-23 IEX Quarterly Results 27-Jul-23
BLUEDART Quarterly Results 27-Jul-23 IIFL Quarterly Results 27-Jul-23
BSOFT Quarterly Results 27-Jul-23 INDHOTEL Quarterly Results 27-Jul-23
CANOPYFIN Quarterly Results 27-Jul-23 INDIANB Quarterly Results 27-Jul-23
CGPOWER General 27-Jul-23 INDUSTOWER Quarterly Results;Audited Results 27-Jul-23
CHEMFABALKA Quarterly Results;Employees Stock Option Plan 27-Jul-23 INTELLECT Quarterly Results 27-Jul-23
CHEMOPH Quarterly Results;General 27-Jul-23 JKLAKSHMI General;Quarterly Results 27-Jul-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AKZOINDIA 27-Jul-23 Final Dividend – Rs. – 40.0000 AARTIIND 28-Jul-23 Final Dividend – Rs. – 1.5000
ASMTEC 27-Jul-23 Final Dividend – Rs. – 4.0000 ADANIPORTS 28-Jul-23 Final Dividend – Rs. – 5.0000
AUTOAXLES 27-Jul-23 Final Dividend – Rs. – 32.0000 AMARAJABAT 28-Jul-23 Final Dividend – Rs. – 3.2000
BHAGCHEM 27-Jul-23 Final Dividend – Rs. – 3.0000 APLLTD 28-Jul-23 Final Dividend – Rs. – 8.0000
DEEPAKNI 27-Jul-23 Final Dividend – Rs. – 7.5000 ARIHCAPM 28-Jul-23 Dividend – Rs. – 0.4000
DIAMONDYD 27-Jul-23 Dividend – Rs. – 1.0000 ASHIANA 28-Jul-23 Buy Back of Shares
DOLLAR 27-Jul-23 Dividend – Rs. – 3.0000 BAJAJELEC 28-Jul-23 Final Dividend – Rs. – 4.0000
HATSUN 27-Jul-23 Interim Dividend – Rs. – 6.0000 BANSWRAS 28-Jul-23 Dividend – Rs. – 3.0000
HEROMOTOCO 27-Jul-23 Final Dividend – Rs. – 35.0000 BENGALT 28-Jul-23 Final Dividend – Rs. – 1.0000
INDAG 27-Jul-23 Final Dividend – Rs. – 1.5000 BROOKS 28-Jul-23 Right Issue of Equity Shares
JKTYRE 27-Jul-23 Dividend – Rs. – 2.0000 COSMOFIRST 28-Jul-23 Final Dividend – Rs. – 5.0000
MAANALU 27-Jul-23 Stock  Split From Rs.10/- to Rs.5/- CRAVATEX 28-Jul-23 Final Dividend – Rs. – 1.5000
MAANALU 27-Jul-23 Bonus issue 1:1 DLF 28-Jul-23 Final Dividend – Rs. – 4.0000
PIDILITIND 27-Jul-23 Final Dividend – Rs. – 11.0000 ELGIEQUIP 28-Jul-23 Final Dividend – Rs. – 2.0000
PRADPME 27-Jul-23 Final Dividend – Rs. – 1.0000 EQUITASBNK 28-Jul-23 Dividend – Rs. – 1.0000
PUNJABCHEM 27-Jul-23 Final Dividend – Rs. – 3.0000 FLEXFO 28-Jul-23 Final Dividend – Rs. – 0.5000
RAJGLOWIR 27-Jul-23 Final Dividend – Rs. – 2.0000 GALAXYSURF 28-Jul-23 Final Dividend – Rs. – 4.0000
RATNAMANI 27-Jul-23 Final Dividend – Rs. – 12.0000 GANDHITUBE 28-Jul-23 Final Dividend – Rs. – 12.0000
SAPPL 27-Jul-23 Dividend – Rs. – 1.0000 GLOSTERLTD 28-Jul-23 Final Dividend – Rs. – 20.0000
SAREGAMA 27-Jul-23 Spin Off GODREJAGRO 28-Jul-23 Final Dividend – Rs. – 9.5000
ULTRACEMCO 27-Jul-23 Final Dividend – Rs. – 38.0000 GRPLTD 28-Jul-23 Final Dividend – Rs. – 17.0000
360ONE 28-Jul-23 Interim Dividend – Rs. – 4.0000 ICRA 28-Jul-23 Special Dividend – Rs. – 90.0000

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