The Nifty opened at 15736.60 with a big gap up of 104 points. The index recorded its intraday low at 15726.30 and started moving upwards. Prices have rallied almost 80 points and then started moving downwards. The decline fizzled out quickly and the index recorded its intraday high at 15834.80. The index finally closed at 15824.05 with a gain of 191.95 points. All the sectoral indices have closed with gains. The Metal, IT and Financial have outperformed while the Auto and FMCG underperformed and closed with minor gains. The Nifty continued moving volatile for the third consecutive trading day. However it was a trend day on the upside where prices have recorded its intraday low near the opening tick and intraday high near the closing tick. On the last trading day Tuesday, Prices have seen a breakdown from 15650 support and we suggested waiting for a follow through on the downside to confirm this breakdown. That follow through did not come.
Prices have come back in the range of 15650-15900.
Bank Nifty opened at 34774.55 with a big gap up of 354 points. The index moved further on the upside and recorded its intraday high at 34989.10. Prices then saw a decline and recorded its intraday low at 34557.85. PSU and Private Banks both have seen an upside move and closed with a gain of almost 1%. Within the index ICICI Bank contributed highest while AU Bank the lowest.
Bank Nifty continued moving volatile for the third day. First gap up and then a steep decline. Prices have come back above 34500 support.
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|BHARTI AIRTEL||546.7||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 542 and for the target 555|
|LALPATH||3332.95||SELL||The stock has given a breakdown from a narrow trading range. The stock can be sold at CMP with a stop at 3375 and for the target 3280|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|LT||1640 CE||BUY||18.9||CMP||14||25||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|JUBLFOOD.21.07 Jul||3411.05||10.91||24.7||1794500||HINDUNILVR.21.07 Jul||2382.5||-2.22||12.86||6944400|
|APOLLOHOSP.21.07 Jul||4004.95||2.89||21.32||2377000||LALPATHLAB.21.07 Jul||3345||-1.09||11.3||453000|
|MPHASIS.21.07 Jul||2395.1||0.76||20.98||927550||BERGEPAINT.21.07 Jul||855.05||-1.3||8.38||3570600|
|ICICIPRULI.21.07 Jul||640.15||5.5||19.39||7158000||BAJAJ-AUTO.21.07 Jul||3855.95||-1.49||6.71||2158000|
|ADANIPORTS.21.07 Jul||694||3.06||14.5||55980000||CIPLA.21.07 Jul||952.5||-0.49||3.71||8709350|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|FINNIFTYW.21.07 Jul||16507.5||1.15||-96.97||200||ACC.21.07 Jul||2292.45||-0.98||-7.51||4134000|
|BANKNIFTY.21.07 Jul||34740.5||0.73||-8.4||2115650||ASIANPAINT.21.07 Jul||3107.9||-1.91||-6.63||4075800|
|NIFTY.21.07 Jul||15823.45||1.19||-6.58||8830850||NAM-INDIA.21.07 Jul||398.5||-0.13||-4.07||2524800|
|ONGC.21.07 Jul||115.55||2.26||-3.36||48340600||ALKEM.21.07 Jul||3370||-1.17||-3.88||628600|
|SBILIFE.21.07 Jul||1030.5||1.24||-3.21||4137750||M&M.21.07 Jul||760.5||-0.03||-1.25||11044600|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Eicher Motors Ltd||2560.1||0.21||1321161||668030||75.05||Nifty Metal||5348.95||2.99||78933|
|Indraprastha Gas Limited||539.5||0.24||3504984||2465644||71.84||Nifty it||29779.95||1.8||78933|
|Hdfc Bank Ltd.||1448.7||0.38||6603557||8568066||70.42||Nifty Realty||395.95||1.75||78933|
|Infosys Limited||1590.2||2.59||7854575||3498740||69.01||Nifty Media||1771.4||1.5||78933|
|Icici Bank Ltd.||655.95||2.19||13123569||8973728||68.14||Nifty Energy||19600.05||1.5||78933|
|Tata Consumer Products l||764.2||0.94||1464419||1439133||65.56||Nifty 50||15824.05||1.23||78933|
|Icici Lombard General In||1543.85||4.51||672911||273337||61.18||Nifty Bank||34677.3||0.76||78933|
|Kotak Mahindra Bank Limi||1707.2||0.27||1858253||1303065||60.78||Nifty Pharma||14575.4||0.66||78933|
|Tata Consultancy Serv Lt||3216.35||0.33||2859334||1090944||60.21||Nifty Auto||10235.8||0.13||78933|
|Torrent Power Limited||473||-0.57||929153||535790||60.14||Nifty Fmcg||36263.6||0.09||78933|
UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 23rd July, 2021||•USD: New Home Sales (Jun) on 26th July, 2021
•USD: Core Durable Goods Orders (MoM) (Jun) on 27th July, 2021
|•India announced incentives worth Rs 6,322 crore to boost domestic production of high grade specialty steel used in automobiles to home appliances. The government will offer production-linked incentives for five years from 2023-24 to 2027-28, according to a media statement on PIB. The scheme would cover coated/plated steel products, high strength/wear resistant steel, specialty rails; alloy steel products, steel wires and electrical steel.
•Hindustan Unilever Ltd.’s first-quarter profit missed estimates and its margin contracted on higher raw material costs. Net profit of India’s largest consumer goods maker fell 3.7% sequentially to Rs 2,070 crore in the quarter ended June, according to its exchange filing. That compares with the Rs 2,211.3-crore consensus forecast of analysts tracked by Bloomberg. The company’s volume rose 9% over a year earlier in the first quarter, a period of local lockdowns to contain the second wave of the pandemic.
•UltraTech Cement Ltd.’s first-quarter profit declined on lower revenue and higher costs, but surpassed estimates. The cement maker’s net profit fell 4% quarter-on-quarter to Rs 1,703 crore in the three months ended June, it said in an exchange filing. That compares with the Rs 1,445-crore consensus estimate of analysts tracked by Bloomberg. A sequential decline in revenue mainly reflected in the bottom line even as other income rose 3.4 times to Rs 204.8 crore.
•Vedanta group firm Hindustan Zinc Ltd (HZL) on Thursday reported a 45.9 per cent rise in net profit to Rs 1,983 crore for the quarter ended on June 30, 2021, driven by a recovery in metal prices and higher volumes. The company had posted a net profit of Rs 1,359 crore in the corresponding quarter of the previous fiscal.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AMBUJACEM||Quarterly Results||23-Jul-21||NECLIFE||Audited Results;General;A.G.M.||23-Jul-21|
|ATUL||Quarterly Results||23-Jul-21||PANACEABIO||Quarterly Results||23-Jul-21|
|CIGNITI||Quarterly Results||23-Jul-21||POWERINDIA||Quarterly Results||23-Jul-21|
|CROMPTON||Quarterly Results||23-Jul-21||RELIANCE||Quarterly Results||23-Jul-21|
|CYBERTECH||Quarterly Results||23-Jul-21||SBICARD||Quarterly Results||23-Jul-21|
|FEDERALBNK||Quarterly Results||23-Jul-21||SESHAPAPER||Quarterly Results||23-Jul-21|
|JSWSTEEL||Quarterly Results||23-Jul-21||SYMPHONY||General;Quarterly Results||23-Jul-21|
|JUBLPHARMA||Quarterly Results||23-Jul-21||UNITDSPR||Quarterly Results||23-Jul-21|
|MARKSANS||Issue Of Warrants||23-Jul-21||WENDT||Quarterly Results||23-Jul-21|
|MJCO||Quarterly Results||23-Jul-21||YESBANK||Quarterly Results||23-Jul-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ANGELBRKG||23-Jul-21||Interim Dividend – Rs. – 5.1500||NOCIL||26-Jul-21||Final Dividend – Rs. – 2.00|
|ELGIEQUIP||23-Jul-21||Final Dividend – Rs. – 0.80||PAUSHAKLTD||26-Jul-21||Final Dividend – Rs. – 6.00|
|KARURVYSYA||23-Jul-21||Dividend – Rs. – 0.50||TIDEWATER||26-Jul-21||Stock Split From Rs.5/- to Rs.2/-|
|PATINTLOG||23-Jul-21||Final Dividend – Rs. – 0.10||TIDEWATER||26-Jul-21||Bonus issue 1:1|
|SEACOAST||23-Jul-21||Dividend – Rs. – 0.50||BAYERCROP||27-Jul-21||Final Dividend – Rs. – 25.00|
|SPS||23-Jul-21||Bonus issue 5:4||CHOLAHLDNG||27-Jul-21||Final Dividend – Rs. – 0.5500|
|TECHM||23-Jul-21||Final Dividend – Rs. – 15.00||EPL||27-Jul-21||Final Dividend – Rs. – 2.0500|
|TECHM||23-Jul-21||Special Dividend – Rs. – 15.00||GABRIEL||27-Jul-21||Final Dividend – Rs. – 0.70|
|EVEXIA||26-Jul-21||Stock Split From Rs.10/- to Rs.2/-||HCLTECH||27-Jul-21||Interim Dividend – Rs. – 6.00|
|NITTAGELA||26-Jul-21||Dividend – Rs. – 3.00||HIGHENE||27-Jul-21||Final Dividend – Rs. – 10.00|
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