Nifty opened at 16273.65 With a gap up of 141 points. The index did not sustain at those levels and quickly moved downwards after recording an intraday high at 16275.50. Prices then traded very narrowly and consolidated for almost the whole day. The index recorded its intraday low at 16157.90 and then bounced up. Prices have seen a sharp intraday rally in the last hour of trading and finally closed at 16220.60 below the opening price but with gains of 87.70 points or 0.54%up. BANK, FINANCIAL, and FMCG outperformed today, led the bulls, and closed with a gain of more than 0.50%. METAL underperformed by ending nearly 1% lower.
On a weekly timeframe chart, the index has seen a sharp rally throughout the week and ended at the top. Prices have gained nearly 3% when compared to last week’s closing price which is almost 500 points. The short-term trend is up and we should look for buying only on any dip or intraday consolidation breakout. Support should emerge around 16000 while the resistance is now visible around 16700.
Bank Nifty opened at 35258.90 With a big gap up of 333 points. The index did not sustain at the higher levels and moved down quickly after recording its intraday high at 35262.10. Prices have kept on moving lower and recorded its intraday low at 34977.35. In the last hour of trading, the index has seen a sharp upside move and finally closed at 35125.55 with a gain of 200 points. PVT and PSU BANKS both have performed almost the same today, saw an upside move, and closed higher by 0.40% & 0.35% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest.
The short-term trend is up and we have booked profit yesterday only. We should now wait for a couple of days for an adequate setup to emerge. Till then avoid trading the index.
|ADANIENT||2293||BUY||The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be buy with a stop loss of 2270 and for the target of 2340.|
|ICICIBANK||756||SELL||The immediate trend of the script is bearish. There is a negative cross over of moving averages as well as of the indicators therefore it can be sell below 755 with a stop loss of 762 and target of 740.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|RELIANCE||2380 PE||BUY||85||CMP||70||110||OI Increase
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|BHEL.22.07 Jul||47.2||0||0.71||87769500||BANDHANBNK.22.07 Jul||270.95||-3.49||5.64||32419800|
|NAVINFLUOR.22.07 Jul||3795||0.02||8.28||405900||RBLBANK.22.07 Jul||83.85||-2.44||5.07||45255000|
|BALKRISIND.22.07 Jul||2290.5||0.04||1.65||1408500||ASHOKLEY.22.07 Jul||143.6||-2.41||2.4||42285000|
|RELIANCE.22.07 Jul||2398||0.05||1.24||36652750||IBULHSGFIN.22.07 Jul||94.6||-2.37||4.2||36644000|
|Short Covering||Long Unwinding|
|IDFC.22.07 Jul||54.5||0.09||-0.38||1.04E+08||MUTHOOTFIN.22.07 Jul||1039.1||-1.06||-0.12||4368750|
|KOTAKBANK.22.07 Jul||1748.05||0.16||-0.98||17409200||INDUSINDBK.22.07 Jul||849.45||-0.86||-0.69||16345800|
|BIOCON.22.07 Jul||323.4||0.23||-0.2||13958700||GSPL.22.07 Jul||231||-0.77||-3.23||2925000|
|NIFTY.22.07 Jul||16227.7||0.49||-0.61||11455900||INDIGO.22.07 Jul||1683.7||-0.72||-1.5||3172200|
|ITC.22.07 Jul||293.1||0.53||-0.52||85958400||MCX.22.07 Jul||1306.5||-0.65||-0.12||3059600|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Hdfc Bank Ltd.||1397.1||0.09||6237015||0||70.48||Nifty it||28250.3||0.19||76965|
|Power Finance Corporatio||108.95||1.16||2164854||0||70.33||India Vix||18.4||-4.17||76965|
|Ambuja Cements Ltd||368.45||0.41||2126285||0||68.28||Nifty Fmcg||40925.25||0.53||76965|
|Hdfc Life Insurance Comp||545.35||-1.67||3509988||0||68.11||Nifty Pharma||12449.45||0.48||76965|
|Kotak Mahindra Bank Limi||1744.75||0.36||1778149||0||67.99||Nifty Realty||411||-0.06||76965|
|Hcl Technologies Ltd.||983.55||-0.64||3141642||0||67.54||Nifty Auto||12124.6||0.09||76965|
|Dr. Reddys Lab Ltd||4406.2||1.61||417896||0||66.33||Nifty Metal||4799.55||-0.88||76965|
|Power Grid Corporation o||218.8||2.94||12856693||0||64.64||Nifty Financial Services||16260.2||0.5||76968|
UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 8th July, 2022||•USD: Nonfarm Payrolls (Jun) on 8th July, 2022
•USD: Unemployment Rate (Jun) on 8th July, 2022
Bharat Heavy Electricals Ltd (BHEL) on Thursday said it has successfully commissioned 100-MW floating Solar photovoltaic plant at NTPC Ramagundam in Telangana. The plant is installed across the natural raw water reservoir, saving valuable land resources, and also conserves water by reducing evaporation, a company statement said.
Ajmera Realty & Infra India Ltd on Thursday reported an over three-fold jump in its sales bookings to Rs 400 crore for the quarter ended June on better demand. Its sales bookings stood at Rs 111 crore in the year-ago period, the company said in a statement. The carpet area sold by the company stood at 1,57,438 square feet in April-June period of this fiscal as against 61,663 square feet in the year-ago period.
Tata Power on Thursday issued a clarification saying no officials of Tata Power are involved in the alleged bribery case involving Power Grid Corporation of India. Tata Power spokesperson in a tweet said, ““Tata Power clarifies that no officials of Tata Power are involved in the alleged bribery case involving Power Grid Corporation of India, being investigated by CBI. Some media reports have wrongly mentioned Tata Power’s name in the alleged case.”
TCS will kick start corporate earnings season this week, and if one were to go by what analysts say the IT major may not disappoint the Street, with a nearly 15 per cent jump in revenues and a 7-11 per cent year-on-year rise in June quarter profit. The demand commentary could be strong, they said, even as margin may take a hit on wage hikes.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ALFAVIO||General;Stock Split||08-Jul-22||SPECFOOD||Quarterly Results||08-Jul-22|
|INDOUS||A.G.M.;Preferential Issue of shares||08-Jul-22||TCPLPACK||Employees Stock Option Plan||08-Jul-22|
|KANCHI||A.G.M.;Dividend;General||08-Jul-22||TCS||Interim Dividend;Quarterly Results||08-Jul-22|
|KOHINOOR||General;Quarterly Results||08-Jul-22||DMART||Quarterly Results||09-Jul-22|
|MARKSANS||Buy Back of Shares||08-Jul-22||GRADIENTE||Quarterly Results||09-Jul-22|
|MORARKFI||Quarterly Results||08-Jul-22||RAILTEL||Final Dividend||09-Jul-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|INGERRAND||08-Jul-22||Dividend – Rs. – 20.00||GMM||11-Jul-22||Bonus issue 2:1|
|JUBLFOOD||08-Jul-22||Final Dividend – Rs. – 1.20||KIRLPNU||11-Jul-22||Final Dividend – Rs. – 2.40|
|LUMAXIND||08-Jul-22||Final Dividend – Rs. – 13.50||PERSISTENT||11-Jul-22||Final Dividend – Rs. – 11.00|
|LUMAXTECH||08-Jul-22||Final Dividend – Rs. – 3.50||PIXTRANS||11-Jul-22||Final Dividend – Rs. – 6.00|
|MAHACORP||08-Jul-22||Right Issue of Equity Shares||AINFRA||12-Jul-22||Bonus issue 1:1|
|ONWARDTEC||08-Jul-22||Final Dividend – Rs. – 3.00||AVADHSUGAR||12-Jul-22||Dividend – Rs. – 10.00|
|PRESSMN||08-Jul-22||Final Dividend – Rs. – 1.00||RECLTD||12-Jul-22||Final Dividend – Rs. – 4.80|
|SUNDARMFIN||08-Jul-22||Final Dividend – Rs. – 10.00||SESHAPAPER||12-Jul-22||Final Dividend – Rs. – 2.50|
|TITAN||08-Jul-22||Dividend – Rs. – 7.50||STEELXIND||12-Jul-22||Stock Split From Rs.10/- to Rs.1/-|
|TORNTPHARM||08-Jul-22||Bonus issue 1:1||ABSLAMC||13-Jul-22||Final Dividend – Rs. – 5.8500|
|CONTROLPR||11-Jul-22||Dividend – Rs. – 5.00||ANG||13-Jul-22||Bonus issue 1:4|
|DRREDDY||11-Jul-22||Final Dividend – Rs. – 30.00||MAGADHSUGAR||13-Jul-22||Dividend – Rs. – 6.50|
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