NIFTY:

The Nifty opened at 15856.80 with a gap up of 32 points. The index initially went down, filled the gap and recorded its intraday low at 15768.40. Prices then started moving on the upside and recorded its intraday high at 15899.80. However around 2:00 PM prices started drifting downwards and finally closed at 15856.05 almost at the opening tick with a gain of 32 points. Realty and Bank have outperformed and ended with a gain of more than 1%. Auto and Media were the only sectors that closed with a loss.

The volatile movement continued in Nifty and then index ended very near to 15900 resistance. Prices have seen a sharp movement in both directions and finally ended near the opening tick. The index attempted to break 15900 but fell from there in the last hour of trading. So the trading range of 15650-15900 remains intact. We have seen two sharp swings. First prices moved down from 15900 resistance to 15650 support and then moved up from 15650 to 15900 resistance. That’s how prices move within a range.

For any positional trades we need to wait for a breakout or breakdown from the range.

BANK NIFTY:

Bank Nifty opened at 34748.35 with a gap up of 55 points. The index first moved on the downside and recorded its intraday low at 34404.75. Prices then started moving higher and recorded its intraday high at 35088. The index has seen a minor correction in the last 30 minutes of trading. PSU Banks have performed better compared to Private Banks. However both indices have closed with gains. Within the index, ICICI Bank contributed highest while HDFC Bank the lowest. It was another day when the index moved very volatile and ended with a gain just a tad above 35000.

A trading range of 34500-35800 remained intact.

Trade AnyTime AnyWhere With Elite Empower Mobile App

Elite-Empower-App-Promotional-Banner-img1

TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
SBIN 428.9 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 425 and for the target 433
IBULHSGFIN 283.65 BUY The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 278 and for the target 290

 

Get All Your Mutual Fund Portfolio Retuns on Your Mobile by Elite Kuber App


Elite-Kuber-Mutual-Fund-Promotional-Banner-img

DERIVATIVE PICKS

STOCK OPTION Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
SUNPHARMA 700 CE BUY 3.9 CMP 1 8 OI increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
FINNIFTY.21.07 Jul 16629.2 0.69 11.11 5200 NAUKRI.21.07 Jul 5156.3 0.93 -1.52 1139875
LALPATHLAB.21.07 Jul 3450.25 3.18 8.63 488000
SBILIFE.21.07 Jul 1049.95 2.05 2.96 3855000
NESTLEIND.21.07 Jul 18115.2 0.81 2.38 210950
ICICIBANK.21.07 Jul 674.7 3.14 2.37 62111500
                                                                        Short Covering Long Unwinding
Stocks Price Price% OI% OI Stocks Price Price % OI % OI
SUNPHARMA.21.07 Jul 695.4 1.12 -35.62 24269000 JSWSTEEL.21.07 Jul 718.5 -0.13 -44.37 20737350
BANKNIFTY.21.07 Jul 35040.9 0.91 -25.95 1494650 NMDC.21.07 Jul 173.9 -1.56 -27.55 50859700
MCDOWELL-N.21.07 Jul 683.1 1.15 -20.92 10821250 IDEA.21.07 Jul 8.35 -10.22 -25.13 304850000
BHARTIARTL.21.07 Jul 547.7 0.11 -20.56 75748473 LT.21.07 Jul 1597.3 -1.73 -15.39 8882025
PIIND.21.07 Jul 3030.15 0.64 -20 639000 BPCL.21.07 Jul 461.25 -0.19 -14.57 24778800

Get Stock Market Recommendation By Our Research Analysts

Market-Research-Promotional-Banner-img5

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Indraprastha Gas Limited 538.15 -0.25 4559632 2777558 79.25 Nifty Realty 401.05 1.29 1698144897
Eicher Motors Ltd 2549.65 -0.41 379798 1012194 76.61 Nifty Bank 35034.4 1.03 19450265
Hdfc Life Insurance Comp 665.35 0.49 2796725 3099025 76.27 Nifty Fmcg 36558.65 0.81 975607
Siemens Ltd 1975.1 -0.06 368510 333638 72.47 Nifty it 29894.3 0.38 1683296
Infosys Limited 1590.45 0.02 4179719 5679233 72.3 Nifty 50 15856.05 0.2 42874555
Britannia Ind Ltd. 3439.8 0.42 247778 280706 72.08 Nifty Pharma 14597.85 0.15 46609406
Lalpathlab 3441.85 3.27 413170 239030 70.16 Nifty Metal 5353.8 0.09 126561197
Tata Consultancy Serv Lt 3212.85 -0.11 1776193 1999067 69.91 Nifty Auto 10201.35 -0.34 66452231
Hcl Technologies Ltd. 994 1.57 5573146 4255785 69.13 Nifty Energy 19503.8 -0.49 970560
Petronet Lng Limited 219.65 -0.16 2418421 1476314 67.74 Nifty Media 1754 -0.98 384996292

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International
INR:  Deposit Growth on 30th July, 2021

INR:  Infrastructure Output (YoY) on 30th July, 2021

•USD: New Home Sales (Jun) on 26th July, 2021

•USD: Core Durable Goods Orders (MoM) (Jun) on 27th July, 2021

Open Your Demat Account to Invest in Upcoming IPO’sDemat-and-Trading-Account-Promotion-Banner

NEWS UPDATES

•Reliance Industries Ltd.’s quarterly profit declined as its refining unit saw lower volumes and sales, while its retail arm struggled due to store shutdowns amid the second wave of Covid-19. The Mukesh Ambani-led conglomerate’s profit fell 7% sequentially to Rs 12,273 crore in the quarter ended June, according to its exchange filing. That compares with the Rs 11,889.8-crore consensus estimate of analysts tracked by Bloomberg. Net sales fell 6% over the previous quarter to Rs 1.39 lakh crore—lower than the estimated Rs 1.47 lakh crore.

•Reliance Jio Infocomm Ltd.’s quarterly profit rose even as its average revenue per user remained flat. Net profit rose 4.2% sequentially to Rs 3,501 crore in the quarter ended June, according to its exchange filing. Analysts’ estimates compiled by BloombergQuint had pegged the bottom line at Rs 3,153.6 crore. Revenue rose 3.7% over the previous quarter to Rs 17,994 crore— compared to the Rs 18,014-crore estimate.

•JSW Steel Ltd.’s quarterly profit rose, beating estimates, on higher prices of products like hot-rolled coil. The steelmaker’s net profit increased 40.6% sequentially to Rs 5,904 crore in the three months ended June, according to its exchange filing. That compares with the Rs 4,850-crore consensus estimate of analysts tracked by Bloomberg.

•Federal Bank on Friday reported an 8.3 % year-on-year (y-o-y) decline in its net profit to Rs 367.29 crore for the first quarter of the current fiscal, mostly due to higher provisioning for bad loans. The lender had reported a net profit of Rs 400.77 crore in the year-ago period and Rs 477.81 crore in Q4FY21.

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

BOARD MEETINGS

Company Name Purpose Ex-Date Company Name Purpose Ex-Date
APLLTD General;Quarterly Results 26-Jul-21 NAVINFLUOR Quarterly Results 26-Jul-21
APOLLOPIPES Quarterly Results 26-Jul-21 ORIENTBELL Quarterly Results 26-Jul-21
AXISBANK Quarterly Results 26-Jul-21 PHILIPCARB Quarterly Results 26-Jul-21
COROMANDEL Quarterly Results 26-Jul-21 RBL Quarterly Results 26-Jul-21
DLF Dividend;Quarterly Results 26-Jul-21 SBILIFE Quarterly Results 26-Jul-21
GLAXO Quarterly Results 26-Jul-21 SPARC Quarterly Results 26-Jul-21
GRSE Audited Results 26-Jul-21 TATAMOTORS Quarterly Results 26-Jul-21
KIRLFER Quarterly Results 26-Jul-21 TATAMTRDVR Audited Results 26-Jul-21
KOTAKBANK Quarterly Results 26-Jul-21 UDAICEMENT Quarterly Results 26-Jul-21
KPITTECH Quarterly Results 26-Jul-21 VAKRANGEE Final Dividend;Quarterly Results 26-Jul-21
LT Quarterly Results 26-Jul-21 VEDL Quarterly Results 26-Jul-21
M&MFIN Quarterly Results 26-Jul-21 VISAKAIND Audited Results;Quarterly Results 26-Jul-21

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
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
NOCIL 26-Jul-21 Final Dividend – Rs. – 2.00 HIGHENE 27-Jul-21 Special Dividend – Rs. – 5.00
PAUSHAKLTD 26-Jul-21 Final Dividend – Rs. – 6.00 INVPRECQ 27-Jul-21 Final Dividend – Rs. – 0.50
TIDEWATER 26-Jul-21 Stock  Split From Rs.5/- to Rs.2/- INVPRECQ 27-Jul-21 Special Dividend – Rs. – 0.7500
TIDEWATER 26-Jul-21 Bonus issue 1:1 JSWENERGY 27-Jul-21 Final Dividend – Rs. – 2.00
BAYERCROP 27-Jul-21 Final Dividend – Rs. – 25.00 LUPIN 27-Jul-21 Final Dividend – Rs. – 6.50
CHOLAHLDNG 27-Jul-21 Final Dividend – Rs. – 0.5500 NILKAMAL 27-Jul-21 Final Dividend – Rs. – 10.00
EPL 27-Jul-21 Final Dividend – Rs. – 2.0500 PIDILITIND 27-Jul-21 Final Dividend – Rs. – 8.50
GABRIEL 27-Jul-21 Final Dividend – Rs. – 0.70 TCI 27-Jul-21 Final Dividend – Rs. – 1.30

Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014

Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Disclosure Appendix
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, suhail@elitewealth.in
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
Research Excerpts
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.Company-Specific Disclosures Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in , or e-mailing research@elitestock.com with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail research@elitestock.com.Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
Other Disclosures
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person. Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, advisory board member or employee of any company in the analyst’s area of coverage. Country Specific Disclosures India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL Advisory discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
1. Reports
a) EWL Advisory or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL Advisory or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL Advisory or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
2. Compensation
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL Advisory or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL Advisory or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL Advisory or its associates have not received any compensation for products or services other than investment banking
or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL Advisory or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL Advisory
Provided that research analyst or research entity shall not be required to make a disclosure as per sub-clauses (c), (d) and (e) of clause (ii) or sub-clauses (a) and (b) of clause (iii) to the extent such disclosure would reveal material non-public information regarding specific potential future investment banking or merchant banking or brokerage services transactions of the subject company.
(4) EWL Advisory or its proprietor has never served as an officer, director or employee of the subject company;
(5) EWL Advisory has never been engaged in market making activity for the subject company;
(6) EWL Advisory shall provide all other disclosures in research report and public appearance as specified by the Board under any other regulations.