The Nifty opened at 15860.50 with a gap up of 36 points. Prices have recorded its intraday high at 15881.55 and then moved sideways for one and half hours. That consolidation broke on the downside and prices have seen a sharp decline of more than 150 points from its intraday high to record its intraday low at 15701. The index again moved sideways in the second half and finally closed at 15746.45 with a loss of 78 points. All the sectoral indices have closed with a loss except Metal. The Pharma sector was the worst hit as it closed lower by more than 4%. An inside day resulted as a trend day on the downside. Prices have seen a sharp decline recorded its intraday high near the opening tick and intraday low near the closing tick. A trading range inside 15650-15900 remained intact. The index faces strong resistance around 15900 for the umpteenth time. A sharp decline brought prices below 15750.
The short term trend is sideways. We need to wait for a close above 15900 or below 15650 to initiate any kind of trade.
Bank Nifty opened at 35029.30 with a gap up of 108 points. The index rallied further of he upside and recorded its intrday high at 35186.10. A sharp and sudden decline came afterwards and brought indices to its intraday low at 34713.55. PSU Banks have significantly outperformed and closed with gains while Private Banks have underperformed and closed lower. Within the index SBI contributed highest while Axis Bank the lowest.
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|HINDALCO||417.35||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 412 and for the target 424|
|LALPATH||3615||BUY||The stock has given a breakout from a narrow trading range. The stock can be bought at CMP with a stop at 3570 and for the target 3700|
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|STOCK OPTION||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|BANKBARODA||80 CE||BUY||.80||CMP||0.4||2||OI increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|HINDALCO.21.07 Jul||416.7||4.2||39.24||26958850||COROMANDEL.21.07 Jul||888||-2.98||27.3||1177500|
|PFIZER.21.07 Jul||6051.9||6.65||35.68||340375||CIPLA.21.07 Jul||918||-3.6||24.41||9456850|
|MFSL.21.07 Jul||1123||0.7||30.88||3512600||WIPRO.21.07 Jul||590.4||-0.1||22.18||25430400|
|GODREJCP.21.07 Jul||998.9||2.23||21.22||3811000||DRREDDY.21.07 Jul||4857.05||-10.38||20.94||1826125|
|SBILIFE.21.07 Jul||1108.55||2.83||17.98||4335000||AXISBANK.21.07 Jul||732.9||-2.98||16.82||26630400|
|Short Covering||Long Unwinding|
|Stocks||Price||Price%||OI%||OI||Stocks||Price||Price %||OI %||OI|
|LALPATHLAB.21.07 Jul||3630||2.67||-19.6||363000||EXIDEIND.21.07 Jul||177.85||-0.06||-35.79||7182000|
|MGL.21.07 Jul||1138.95||0.11||-17.38||1246800||COALINDIA.21.07 Jul||142.2||-1.46||-16.67||30013200|
|M&MFIN.21.07 Jul||148.6||1.54||-17.29||25860000||VOLTAS.21.07 Jul||1022.9||-0.57||-15.53||1884000|
|L&TFH.21.07 Jul||88.2||0.28||-16.33||36543780||IOC.21.07 Jul||104||-0.86||-13.9||29380000|
|NAVINFLUOR.21.07 Jul||3674.3||0.07||-11.55||208575||BHEL.21.07 Jul||61.35||-2.31||-13.6||60039000|
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TOP DELIVERY PERCENTAGE
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Indraprastha Gas Limited||546.4||-0.1||7588089||5207650||79.68||Nifty Metal||5465.9||1.46||83469|
|Hdfc Bank Ltd.||1439.75||0.36||11200715||4980099||75.64||Nifty it||29892.55||-0.16||83466|
|Hindustan Unilever Ltd||2342.4||-0.27||1656945||982271||74.89||Nifty Fmcg||36360.8||-0.35||83466|
|Hdfc Life Insurance Comp||668.75||0.85||3512513||1800211||71.9||Nifty Auto||10094.35||-0.43||83469|
|Power Grid Corporation o||231.85||-0.37||6093515||5132773||70.39||Nifty Bank||34797.45||-0.44||83466|
|Icici Lombard General In||1474.15||1.25||493633||540080||65.6||Nifty Media||1751||-0.49||83469|
|Hdfc Ltd.||2433.95||-1.23||2680260||954876||65.3||Nifty 50||15746.45||-0.49||83460|
|Infosys Limited||1602.55||-0.08||5892859||2899200||63.21||Nifty Realty||394.3||-0.73||83469|
|Hindustan Petroleum Corp||269.2||-1.59||3117270||2054190||62.88||Nifty Energy||19116.15||-0.95||83466|
|Tata Consultancy Serv Lt||3182.95||-0.46||1121367||760050||60.34||Nifty Pharma||14018.65||-4.33||83469|
UPCOMING ECONOMIC DATA
|INR: Deposit Growth on 30th July, 2021
INR: Infrastructure Output (YoY) on 30th July, 2021
|•USD: Crude Oil Inventories on 28th July, 2021
•USD: Fed Interest Rate Decision on 28th July, 2021
- IndusInd Bank Ltd.’s quarterly profit almost doubled over a year earlier as provisions fell and other income rose. Net profit of the private lender jumped 99.2% year-on-year to Rs 1,016 crore in the quarter ended June, according to an exchange filing. That compares with the Rs 802 crore consensus estimate of analysts tracked by Bloomberg. Sequentially, too, the profit rose 9.7%. Net interest income, or core income, increased 7.7% over the year earlier to Rs 3,564 crore, against the estimated Rs 3,569 crore.
- The operator of India’s biggest airline reported a loss for the sixth straight quarter as travel remained restricted due to the resurgence in Covid-19 cases. Net loss of Interglobe Aviation Ltd., the parent of IndiGo, stood at Rs 3,179 crore in the April-June period compared with a loss of Rs 1,159 crore in the preceding three months, according to an exchange filing. Analyst estimates compiled by BloombergQuint had pegged the loss at Rs 1,979 crore.
- Public sector lender Canara Bank’s net profit rose by 190 per cent to Rs 1,177 crore in the first quarter ended June 2021 (Q1FY22) improvement in non-interest income and dip in provisions for bad loans. The Bengaluru-based public sector lender, had posted net profit of Rs 406 crore during the same quarter last year (Q1FY21).
- The government’s offer for sale of HUDCO shares to institutional investors was over-subscribed on Tuesday. Of the base issue size of over 9.90 crore shares, institutional investors put in bids for over 12.59 crore shares, or 1.27 times, till 2.30 pm, according to the NSE data. Bidding will continue till close of the market hours.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ABB||Quarterly Results||28-Jul-21||OFSS||Quarterly Results||28-Jul-21|
|BSOFT||Quarterly Results||28-Jul-21||PFIZER||Quarterly Results||28-Jul-21|
|CENTRALBK||Quarterly Results||28-Jul-21||RADICO||Quarterly Results||28-Jul-21|
|CENTURYTEX||Quarterly Results||28-Jul-21||RAMCOSYS||General;Quarterly Results||28-Jul-21|
|COFORGE||Audited Results;Interim Dividend||28-Jul-21||ROUTE||Quarterly Results||28-Jul-21|
|GREENPANEL||Quarterly Results||28-Jul-21||SAGCEM||Quarterly Results||28-Jul-21|
|GRINDWELL||Quarterly Results||28-Jul-21||SIS||Quarterly Results||28-Jul-21|
|HAPPSTMNDS||Quarterly Results||28-Jul-21||SRF||Interim Dividend;Quarterly Results||28-Jul-21|
|HERITGFOOD||Quarterly Results||28-Jul-21||TATACOFFEE||Quarterly Results||28-Jul-21|
|ICRA||Quarterly Results||28-Jul-21||TCIDEVELOP||Quarterly Results||28-Jul-21|
|IDBI||Quarterly Results||28-Jul-21||TCIEXP||Quarterly Results||28-Jul-21|
|JMFINANCIL||Quarterly Results||28-Jul-21||TEAMLEASE||Quarterly Results||28-Jul-21|
|MARUTI||Quarterly Results||28-Jul-21||UBL||Quarterly Results||28-Jul-21|
|MGL||Quarterly Results||28-Jul-21||UTIAMC||Quarterly Results||28-Jul-21|
|NESTLEIND||Quarterly Results||28-Jul-21||WELSPUNIND||Quarterly Results||28-Jul-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|BECTORFOOD||28-Jul-21||Final Dividend – Rs. – 2.40||LT||28-Jul-21||Final Dividend – Rs. – 18.00|
|CADILAHC||28-Jul-21||Final Dividend – Rs. – 3.50||MORARKFI||28-Jul-21||Dividend – Rs. – 1.00|
|CAMS||28-Jul-21||Final Dividend – Rs. – 11.8400||MYSORPETRO||28-Jul-21||Final Dividend – Rs. – 2.00|
|DIAMONDYD||28-Jul-21||Final Dividend – Rs. – 0.50||ORIENTCEM||28-Jul-21||Final Dividend – Rs. – 1.50|
|GODFRYPHLP||28-Jul-21||Final Dividend – Rs. – 24.00||SINCLAIR||28-Jul-21||Dividend – Rs. – 0.80|
|GRANULES||28-Jul-21||Final Dividend – Rs. – 0.7500||STANROS||28-Jul-21||Dividend – Rs. – 6.00|
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