NIFTY:

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:

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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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
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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DERIVATIVE PICKS

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
Sectors Price Change % Quantity
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

   Domestic                                                                                                                                                  International
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

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NEWS UPDATES

•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

BOARD MEETINGS

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

CORPORATE ACTION

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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