NIFTY:

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:

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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TECHNICAL PICKS

COMPANY  CMP B/S RATIONALE
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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DERIVATIVE PICKS

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
Sectors Price Change % Quantity
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

   Domestic                                                                                                                                                  International
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

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NEWS UPDATES

  • 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

BOARD MEETINGS

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

 

CORPORATE ACTION

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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