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 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.
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|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|
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|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|
|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|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|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|
|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
|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
|•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
|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|
|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|
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