The NIFTY opened at 19800.45 with a big gap down of 179 points. The index initially moved higher and tried to fill the gap but failed to cross above 19900 and found strong resistance there. A consolidation just below 19900 broke on the downside after prices recorded its intraday high at 19887.40. Prices have seen a steep fall of more than 150 points and recorded its intraday low at 19700.In the last 30 minutes of trading, prices have seen some recovery of about 70 to 80 points and finally, the index closed at 19745 with a loss of 234.15 points or 1.17% down. All the sectoral indices have closed lower today except MEDIA and AUTO. The IT sector underperformed today and lost more than 4% followed by FMCG, METAL, and OIL GAS. The short-term trend is up. However, after a recent sharp upside rally, the index is now witnessing some profit-taking just below the 20000 mark. Support is visible around 19500 while we can assume that prices may become nervous around the historic 20000 mark.


The BANK NIFTY opened at 46063.95 with a gap down of 108 points. The Index initially moved higher but soon found resistance and turned down after recording its intraday high at 46369.50. Prices moved down sharply and then bounced up after recording its intraday low at 45925.90. These sharp swings continued till the end and the index finally closed at 46133.45 with a loss of just 38 points. PSU BANK outperformed today, saw a mild up move, and closed with a gain of 0.25% PVT BANK underperformed today, saw a down move, and closed with a minor loss of 0.19% Within the index, in terms of points, ICICI BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is up. Support is now visible around 45000 while there is no visible resistance as the index trading in uncharted territory


HERO MOTO CORP 3102.08 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 3107.50 with a stop loss of 3090.50 and a target of 3240.00.
VEDL 278.25 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 277.75 with a stop loss of 280.65 and a target of 268.50.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
NIFTY  20000 CE SELL 37.50 CMP 53 14.50 BREAKDOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MPHASIS.23.07 Jul 2331.4 5.34 1.74 2271225 RELIANCE.23.07 Jul 2552.45 -2.79 69.49 4193500
SUNTV.23.07 Jul 528.55 2.49 0.89 8166000 CHOLAFIN.23.07 Jul 1135.25 -1.9 1.84 10330000
ONGC.23.07 Jul 170.5 1.82 0.69 37745400 VOLTAS.23.07 Jul 764.3 -1.78 0.2 10500000
COROMANDEL.23.07 Jul 980.5 1.53 6.94 2048900
CANFINHOME.23.07 Jul 839.6 0.97 2.34 2515500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
INDIAMART.23.07 Jul 3158.25 8.42 -2.54 898500 INFY.23.07 Jul 1333.75 -7.84 -20.9 24490400
ATUL.23.07 Jul 7037.45 7.22 -21.01 381900 PERSISTENT.23.07 Jul 4740.45 -6.34 -13.81 1007300
MCDOWELL-N.23.07 Jul 1041.55 6.57 -23.32 10518200 DALBHARAT.23.07 Jul 1920.55 -5.05 -10.65 1690500
IDEA.23.07 Jul 7.9 3.95 -3.24 564080000 TECHM.23.07 Jul 1196.9 -4.75 -4.54 13498200
LT.23.07 Jul 2586.8 3.68 -3.44 9588900 HINDUNILVR.23.07 Jul 2605.75 -3.79 -7.52 8845500

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bata India Ltd. 1683.65 -0.85 120339 344885 80.15 Nifty50 19745 -1.17 41524588
Gujgasltd 469 0.45 806212 1116822 77.16 Niftybank 46075.2 -0.24 17812109
Godrej Cons Products Ltd 1056.55 -0.36 2423119 950733 71.37 Nifty it 29871.05 -4.09 3830436
Navin Fluorine Internati 4386.65 -1.97 52083 106398 70.27 India Vix 11.48 -2.55 702719463
Reliance Industries Ltd 2538.75 -3.1 15124619 13384709 69.14 Nifty Fmcg 53697.45 -1 770158
Bharat Forge Ltd 852.15 0.06 473811 614432 68.31 Nifty Pharma 14274 -0.18 57471968
Page Industries Limited 36669.2 0.27 7827 14354 67.61 Nifty Realty 536.1 -0.04 1532751034
Dabur India Ltd. 565.2 -2.3 3010552 1028550 66.84 Nifty Auto 15590.35 0.09 52712015
Torrent Pharma Ltd. 1938.75 0.44 247640 145416 66.77 Nifty Metal 6442.3 -0.66 126970114
Icici Lombard General In 1409.55 0.78 898024 907175 66.56 Nifty Financial Services 20534.3 -0.24 5158640

Upcoming Economic Data

   Domestic                                                                                                                                                  International
INR: M3 Money Supply on 26th 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

  • Benchmark indices ended lower on July 21 with Nifty below 19,800. At close, the Sensex was down 887.64 points or 1.31 percent at 66,684.26, and the Nifty was down 234.20 points or 1.17 percent at 19,745. About 1578 shares advanced, 1725 shares declined, and 117 shares unchanged.

  • Commercial vehicles maker Ashok Leyland Limited on July 21 reported a 747 per cent year-on-year (YoY) jump in its standalone net profit for the quarter ended June to Rs 576.42 crore. During the same period last year, the flagship company of the Hinduja Group posted a net profit of Rs 68.05 crore.The company’s revenue from operations grew 13.39 per cent to Rs 8,151.96 crore from Rs 7,189.20 crore in Q1 FY 2023.

  • UltraTech Cement on July 21 reported a net profit of Rs 1,690 crore for the April-June quarter, up 6.8 percent YoY (year-on-year) from Rs 1,582 crore reported in Q1FY23. Sequentially as well, the net profit was up by 1.19 percent from Rs 1,670 crore reported in Q4FY23.

  • IT stocks may have found their bottom with Nifty IT at 26,180 levels and may not crash to new lows, according to Rohit Srivastava, a veteran investor, trader and founder of Indiacharts.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AARTISURF Quarterly Results;Audited Results 24-Jul-23 KONNDOR General 24-Jul-23
ABANSENT Quarterly Results 24-Jul-23 KSL Quarterly Results 24-Jul-23
ACEEDU Quarterly Results 24-Jul-23 LAKSELEC Quarterly Results 24-Jul-23
ASHNI General 24-Jul-23 LIKHAMI Quarterly Results;General;A.G.M. 24-Jul-23
BASF Quarterly Results 24-Jul-23 LKPSEC Quarterly Results 24-Jul-23
CANBK Quarterly Results 24-Jul-23 MAHLOG Quarterly Results;General 24-Jul-23
CHENNPETRO Quarterly Results 24-Jul-23 MAHSCOOTER Quarterly Results 24-Jul-23
CRAFTSMAN Quarterly Results;General 24-Jul-23 MIDEASTP Quarterly Results 24-Jul-23
CSL Quarterly Results 24-Jul-23 MODWOOL Quarterly Results 24-Jul-23
DCMSHRIRAM Quarterly Results 24-Jul-23 PAISALO Quarterly Results 24-Jul-23
DGCONTENT Quarterly Results 24-Jul-23 PNBHOUSING Quarterly Results;General 24-Jul-23
DWARKESH Quarterly Results 24-Jul-23 POONAWALLA Quarterly Results 24-Jul-23
EMERALL General 24-Jul-23 RAVALSUGAR Quarterly Results 24-Jul-23
ENERGYDEV General 24-Jul-23 RBL Quarterly Results 24-Jul-23
FEDERALBNK General 24-Jul-23 RELAXO Quarterly Results 24-Jul-23
GRAVITA Quarterly Results 24-Jul-23 RPEL Quarterly Results 24-Jul-23
HDFCAMC Quarterly Results 24-Jul-23 RTFL Quarterly Results 24-Jul-23
IDBI Quarterly Results 24-Jul-23 SANJIVIN Quarterly Results 24-Jul-23
IIFLSEC Quarterly Results;General 24-Jul-23 SHAHFOOD Quarterly Results 24-Jul-23
IPRINGLTD General 24-Jul-23 SHARDACROP Quarterly Results 24-Jul-23
J&KBANK Quarterly Results 24-Jul-23 SHOPERSTOP Quarterly Results;General 24-Jul-23
JKPAPER Quarterly Results 24-Jul-23 SIRCA General 24-Jul-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ADCINDIA 24-Jul-23 Dividend – Rs. – 4.0000 20MICRONS 26-Jul-23 Final Dividend – Rs. – 0.7500
DIVGIITTS 24-Jul-23 Final Dividend – Rs. – 3.3500 3MINDIA 26-Jul-23 Final Dividend – Rs. – 100.0000
LAXMIMACH 24-Jul-23 Dividend – Rs. – 98.5000 ASALCBR 26-Jul-23 Final Dividend – Rs. – 1.0000
MENONBE 24-Jul-23 Interim Dividend – Rs. – 2.2500 CUMMINSIND 26-Jul-23 Final Dividend – Rs. – 13.0000
MPSLTD 24-Jul-23 Final Dividend – Rs. – 20.0000 GOODYEAR 26-Jul-23 Final Dividend – Rs. – 26.5000
NAVA 24-Jul-23 Final Dividend – Rs. – 6.0000 GPPL 26-Jul-23 Final Dividend – Rs. – 3.4000
NDRAUTO 24-Jul-23 Bonus issue 1:1 ORIENTELEC 26-Jul-23 Final Dividend – Rs. – 0.7500
NOCIL 24-Jul-23 Final Dividend – Rs. – 3.0000 PGCRL 26-Jul-23 Final Dividend – Rs. – 1.0000
PDSL 24-Jul-23 Final Dividend – Rs. – 2.6000 SIMPLXREA 26-Jul-23 Final Dividend – Rs. – 1.0000
RJSHAH 24-Jul-23 Dividend – Rs. – 2.5000 STEELCAS 26-Jul-23 Final Dividend – Rs. – 2.7000
SIYSIL 24-Jul-23 Final Dividend – Rs. – 4.0000 TIINDIA 26-Jul-23 Final Dividend – Rs. – 1.5000
AASTAFIN 25-Jul-23 E.G.M. VINYLINDIA 26-Jul-23 Special Dividend – Rs. – 5.0000
ANDHRAPET 25-Jul-23 Final Dividend – Rs. – 1.5000 VINYLINDIA 26-Jul-23 Final Dividend – Rs. – 5.0000
BEPL 25-Jul-23 Interim Dividend – Rs. – 1.0000 VRFILMS 26-Jul-23 Bonus issue 7:1
CARBORUNIV 25-Jul-23 Final Dividend – Rs. – 2.0000 AKZOINDIA 27-Jul-23 Final Dividend – Rs. – 40.0000
CHOLAFIN 25-Jul-23 Final Dividend – Rs. – 0.7000 ASMTEC 27-Jul-23 Final Dividend – Rs. – 4.0000
KEC 25-Jul-23 Final Dividend – Rs. – 3.0000 AUTOAXLES 27-Jul-23 Final Dividend – Rs. – 32.0000
KIRLOSBROS 25-Jul-23 Final Dividend – Rs. – 4.5000 BHAGCHEM 27-Jul-23 Final Dividend – Rs. – 3.0000
ORIENTCEM 25-Jul-23 Final Dividend – Rs. – 1.0000 DEEPAKNI 27-Jul-23 Final Dividend – Rs. – 7.5000
PAUSHAKLTD 25-Jul-23 Final Dividend – Rs. – 17.5000 DIAMONDYD 27-Jul-23 Dividend – Rs. – 1.0000
SIL 25-Jul-23 Final Dividend – Rs. – 0.2500 DOLLAR 27-Jul-23 Dividend – Rs. – 3.0000
TCI 25-Jul-23 Final Dividend – Rs. – 2.0000 HATSUN 27-Jul-23 Interim Dividend – Rs. – 6.0000

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