The Nifty opened at 15703.95 with a gap down of almost 50 points. The index recorded its intraday high at 15728.45 and started moving downwards. Prices have fallen 150 points, recorded its intraday low at 15578.55 and then started moving upside. Prices have seen an up move of more than 100 points. The index again fell in the last hour of trading and finally closed at 15632.10 with a loss of 120 points. The Banks, Financials and Metals have led the bears. All the sectoral indices have closed lower except FMCG.
It was a volatile day with a bearish bias in the Nifty. Back to back gap down and then a sharp intraday decline brought prices below 15650 support. In the last two trading days, the index has seen a down move of almost 300 points. First prices moved above 15900 resistance and that breakout was a failure as prices came back the very next day. Prices have now broken down from a consolidation of 15650-15900 and ended below this support. This gives us a target of 15400.
Bank Nifty opened at 34791.15 with a big gap down of 307 points. The index recorded its intraday high at 34894.15, started moving downwards and recorded its intraday low at 34357.35. The index saw a mild recovery in the second half and closed with a loss of more than 600 points. PSU and Private Banks both have seen a decline and ended with lower with a loss of almost 2%. Within the index, AU Bank contributed highest followed by Indusind Bank.
Bank Nifty continued moving downwards for the second consecutive trading day and ended lower below 34500. It was another volatile day in the Bank Nifty.
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|BERGER PAINT||864.95||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 850 and for the target 885|
|IGL||538.2||SELL||The stock has given a breakdown from a narrow trading range. The stock can be sold at CMP with a stop at 545 and for the target 527|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|HINDPETRO||280 CE||BUY||3.5||CMP||2||6.5||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ACC.21.07 Jul||2309.8||6.79||21.41||4683500||RAMCOCEM.21.07 Jul||1105.2||-0.91||13.29||2115650|
|ASIANPAINT.21.07 Jul||3157||5.67||17.92||4750500||TVSMOTOR.21.07 Jul||583.25||-2.99||12.52||6402200|
|GUJGASLTD.21.07 Jul||713.1||3.97||15.83||2021250||BANKNIFTY.21.07 Jul||34485.25||-1.95||12.13||2390800|
|MPHASIS.21.07 Jul||2377.65||1.2||15.75||780975||NIFTY.21.07 Jul||15630||-0.78||9.89||9979950|
|BERGEPAINT.21.07 Jul||864||3.15||9.05||3394600||TATAPOWER.21.07 Jul||121.75||-3.26||9.23||143370000|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|AARTIIND.21.07 Jul||865||1.45||-5.27||3363450||FINNIFTYW.21.07 Jul||16250||-2.05||-95.86||240|
|TCS.21.07 Jul||3205.45||0.43||-4.29||9335400||HINDALCO.21.07 Jul||381.8||-4.05||-10||25122750|
|DABUR.21.07 Jul||587.2||0.09||-3.74||8177500||LALPATHLAB.21.07 Jul||3377.15||-2.23||-6.95||408500|
|HINDUNILVR.21.07 Jul||2436||1||-2.67||6354300||TRENT.21.07 Jul||863.6||-1.03||-6.22||1158550|
|PFC.21.07 Jul||127.3||0.04||-2.66||32382600||COFORGE.21.07 Jul||4531||-0.18||-5.96||473400|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Infosys Limited||1550.05||0.54||5069939||4249320||74.95||Nifty Fmcg||36230.25||0.14||82416|
|Pfizer Ltd.||5559.5||-1.67||53092||29373||65.45||Nifty it||29252.5||-0.04||82416|
|Aarti Industries Ltd.||862.15||1.13||1889603||573038||64.89||Nifty 50||15632.1||-0.76||82416|
|Tata Consultancy Serv Lt||3205.8||0.67||1811945||1033190||64.69||Nifty Auto||10222.2||-0.86||82416|
|Mahanagar Gas Limited||1131.8||-1.48||265913||238786||63.98||Nifty Energy||19309.95||-1.06||82416|
|Container Corp Of India||664.4||0.97||1822387||841035||59.67||Nifty Pharma||14479.2||-1.3||82416|
|Amara Raja Batt Ltd||713.35||-1.24||1075401||636174||58.81||Nifty Bank||34415.45||-1.89||82416|
|Hdfc Ltd.||2458.75||-0.92||1731830||1312730||58.03||Nifty Metal||5193.65||-2.34||82416|
|Sbi Life Insurance Compa||1014.75||-2.23||695099||369046||57.34||Nifty Realty||389.15||-2.53||82416|
|Icici Lombard General In||1477.2||-0.84||446751||362262||56.66||Nifty Media||1745.3||-2.58||82416|
UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 23rd July, 2021||•USD: Existing Home Sales (Jun) on 22nd July, 2021
•USD: Initial Jobless Claims on 22nd July, 2021
|•Bajaj Finance Ltd. saw its consolidated net profit rise 4% in the first quarter of fiscal year 2022 compared to the year-ago period. Net profit rose to Rs 1,002 crore in the April-June period from Rs 962 crore crore a year ago, Net profit was lower than the Rs 1,356.6 crore consensus estimate of analysts tracked by Bloomberg. Net interest income rose 8% to Rs 4,489 crore at the end of the June quarter, compared to Rs 4,152 crore a year ago. Net interest income was higher than the Rs 4,390 crore consensus estimate.
•ICICI Prudential Life Insurance on Tuesday reported a net loss of Rs 185.29 crore on a consolidated basis in the first quarter this fiscal. It had posted a net profit of Rs 287.59 crore in the year-ago period. Its profitability was impacted as it had a total claim of Rs 1,119 crore for the first quarter on account of Covid-19. The claims net of reinsurance was Rs 500 crore. New business premium was Rs 2,559 crore for the first quarter this fiscal, a growth of 70.6% as compared to Rs 1,499 crore for the same period last fiscal. VNB margin was 29.4% for Q1-FY2022 as compared to 24.4% for Q1-FY2021.
•ICICI Securities Ltd reported 36.5% growth in total revenues for the Jun-21 quarter on consolidated basis at Rs745.30cr on higher volumes and better yield realization overall. On a sequential basis, the revenues were flat +0.81% compared to Rs739.34cr revenues reported in the Mar-21 quarter as COVID 2.0 took its toll on the sequential growth.
•Glenmark Life Sciences’ IPO will open for subscription on Tuesday, 27 July, at a price band of Rs 695-720 per share of face value of Rs 2 each. The fresh issue has been reduced to equity shares worth Rs 1,060 crore from the previous Rs 1,160 crore.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|BAJAJ-AUTO||Quarterly Results||22-Jul-21||INDIAMART||Quarterly Results||22-Jul-21|
|BAJAJHLDNG||Quarterly Results||22-Jul-21||MAHEPC||Quarterly Results||22-Jul-21|
|BIOCON||General;Quarterly Results||22-Jul-21||MPHASIS||Audited Results;Quarterly Results||22-Jul-21|
|CANFINHOME||Quarterly Results||22-Jul-21||OAL||Quarterly Results||22-Jul-21|
|CHENNPETRO||Quarterly Results||22-Jul-21||PERSISTENT||General;Quarterly Results||22-Jul-21|
|CSBBANK||Quarterly Results||22-Jul-21||RADIOCITY||Quarterly Results||22-Jul-21|
|HEIDELBERG||Quarterly Results||22-Jul-21||RANEENGINE||Quarterly Results||22-Jul-21|
|HINDUNILVR||Quarterly Results||22-Jul-21||SHWL||Quarterly Results||22-Jul-21|
|HINDZINC||Quarterly Results||22-Jul-21||SOUTHBANK||General;Quarterly Results||22-Jul-21|
|ICICIGI||Quarterly Results||22-Jul-21||STLTECH||Quarterly Results||22-Jul-21|
|IEX||Final Dividend;Quarterly Results||22-Jul-21||ULTRACEMCO||Quarterly Results||22-Jul-21|
|IIFLSEC||Quarterly Results||22-Jul-21||WOCKPHARMA||General;Quarterly Results||22-Jul-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ADCINDIA||22-Jul-21||Dividend – Rs. – 2.50||ELECON||22-Jul-21||Dividend – Rs. – 0.40|
|ARUNAHTEL||22-Jul-21||Right Issue of Equity Shares||HATSUN||22-Jul-21||Interim Dividend – Rs. – 6.00|
|ASTEC||22-Jul-21||Final Dividend – Rs. – 1.50||HERITGFOOD||22-Jul-21||Final Dividend – Rs. – 5.00|
|BASF||22-Jul-21||Final Dividend – Rs. – 5.00||HEROMOTOCO||22-Jul-21||Final Dividend – Rs. – 35.00|
|BASF||22-Jul-21||Special Dividend – Rs. – 5.00||HIL||22-Jul-21||Final Dividend – Rs. – 25.00|
|BHAGIL||22-Jul-21||Final Dividend – Rs. – 3.50||ICRA||22-Jul-21||Dividend – Rs. – 27.00|
|BLUESTARCO||22-Jul-21||Final Dividend – Rs. – 4.00||KABRAEXTRU||22-Jul-21||Dividend – Rs. – 2.50|
|CARBORUNIV||22-Jul-21||Final Dividend – Rs. – 1.50||MTARTECH||22-Jul-21||Final Dividend – Rs. – 3.00|
|CHOLAFIN||22-Jul-21||Final Dividend – Rs. – 0.70||PDSMFL||22-Jul-21||Final Dividend – Rs. – 15.7500|
|EIMCOELECO||22-Jul-21||Dividend – Rs. – 5.00||SHREECEM||22-Jul-21||Final Dividend – Rs. – 60.00|
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