NIFTY:
NIFTY opened at 16128.20 with a gap up of 70 points. The index initially went into a consolidation that eventually broke on the downside after recording the intraday high at 16140.Prices have seen a down move, filled the gap, and then again went into a consolidation which again broke on the downside. This time prices have moved lower more than 100 points and then again went into consolidation. The index continued moving sideways till the closing and recorded its intraday low at 15950.15. Prices have finally closed at 15966.65 near its day low with a loss of 91.65 points or 0.57% down. OIL GAS underperformed today and ended with a loss of 1.32%. BANK and Financial also moved lower today and closed nearly 1% down. PHARMA outperformed today and ended with a gain of 1.38%.FMCG and METAL also moved higher today and closed nearly 1% up.
We are expecting the index should see a big move soon in either direction. So we should take a trade in the direct ion of a breakout. Tomorrow, we should look for a buying opportunity above 16150 or sell short below 15900.
BANK NIFTY:
Bank Nifty opened at35259.80 With a gap up of 205 points. The index did not hold higher levels and started drifting downwards after recording its intraday high at 35308.15. Prices have quickly filled the gap and fell further to record its intraday low at 34757.60. index moved sideways towards the end of today’s trading session and finally closed at 34818.90 with a loss of 236 points. PVT BANKS has continued its underperformance and closed lower by nearly 1.05%. PSU BANKS have ended with minor gains of just 0.07%. Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while HDFC BANK contributed the lowest.
Stay short with stop 35200 and a target at 34100. However, if prices started moving higher tomorrow then we should take a long trade on a breakout above 35450
TECHNICAL PICKS
COMPANY NAME | CMP | B/S | RATIONALE+ |
BSOFT | 346 | 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 342 and for the target of 355. |
TCS | 3038 | 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 3035 with a stop loss of 3060 and target of 2980. |
DERIVATIVE PICKS
Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
TITAN | 2100 PE | BUY | 42.85 | CMP | 30 | 65 | OI Increase |
Long Buildup | Short Buildup | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
COALINDIA.22.07 Jul | 194.1 | 0 | 1.37 | 33566400 | INDUSINDBK.22.07 Jul | 819.6 | -3.23 | 21.98 | 20224800 | |
ICICIPRULI.22.07 Jul | 525.7 | 0.01 | 1.51 | 6648000 | LALPATHLAB.22.07 Jul | 2012.95 | -3.08 | 7.17 | 1225750 | |
CONCOR.22.07 Jul | 673.8 | 0.02 | 3.14 | 7198000 | HDFC.22.07 Jul | 2177.05 | -2.37 | 3.1 | 26913900 | |
POLYCAB.22.07 Jul | 2216.55 | 0.03 | 4.08 | 926100 | BHARTIARTL.22.07 Jul | 648.15 | -2.22 | 2.81 | 53021400 | |
PAGEIND.22.07 Jul | 43249.8 | 0.03 | 2.15 | 107100 | HDFCBANK.22.07 Jul | 1365.35 | -1.91 | 4.97 | 55751300 | |
Short Covering | Long Unwinding | |||||||||
L&TFH.22.07 Jul | 72.4 | 0 | -0.2 | 49697756 | BANDHANBNK.22.07 Jul | 277.8 | -1.61 | -0.47 | 27934200 | |
ASHOKLEY.22.07 Jul | 142.9 | 0.03 | -0.75 | 42465000 | NBCC.22.07 Jul | 31.15 | -0.95 | -0.98 | 18180000 | |
M&M.22.07 Jul | 1131.1 | 0.04 | -0.25 | 14483000 | BOSCHLTD.22.07 Jul | 16210.85 | -0.81 | -0.05 | 101600 | |
BHEL.22.07 Jul | 48.65 | 0.1 | -0.72 | 91087500 | RAIN.22.07 Jul | 150.2 | -0.76 | -0.44 | 7980000 | |
SBILIFE.22.07 Jul | 1142.45 | 0.13 | -0.07 | 8016000 | TATACOMM.22.07 Jul | 987.75 | -0.74 | -0.35 | 3030000 |
Top Delivery Percentage
Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
Sectors | Price | Change % | Quantity | |||||||
Kotak Mahindra Bank Limi | 1742.05 | 1.34 | 3613468 | 0 | 72.67 | Nifty50 | 15966.65 | -0.57 | 83217 | |
Hdfc Bank Ltd. | 1357.85 | -2.44 | 7972805 | 0 | 68.5 | Niftybank | 34827.8 | -0.87 | 83217 | |
Dalmia Bharat Limited | 1477.15 | 2.71 | 365907 | 0 | 67.52 | Nifty it | 26949.75 | -0.42 | 83217 | |
Power Grid Corporation o | 214.45 | 0.44 | 7657504 | 0 | 67.32 | India Vix | 18.52 | -0.16 | 83220 | |
Itc Ltd. | 294.05 | 0.46 | 9277566 | 0 | 66.93 | Nifty Fmcg | 40954.4 | 0.94 | 83220 | |
Marico Limited | 502.25 | 0.45 | 1169717 | 0 | 66.53 | Nifty Pharma | 12622.3 | 1.38 | 83220 | |
Asian Paints Limited | 2941.2 | 1.66 | 2153712 | 0 | 65.16 | Nifty Realty | 418.6 | 0.28 | 83220 | |
Infosys Limited | 1444.45 | 0.41 | 5264025 | 0 | 63.96 | Nifty Auto | 12099.35 | -0.07 | 83220 | |
Sun Pharma Ltd | 860.15 | 1 | 2663538 | 0 | 62.73 | Nifty Metal | 4872.55 | 0.8 | 83223 | |
Ipca Laboratories Ltd. | 974.85 | 0.54 | 396301 | 0 | 61.68 | Nifty Financial Services | 16043.85 | -0.97 | 83223 |
UPCOMING ECONOMIC DATA
Domestic International | |
INR: FX Reserves, USD on 8th July, 2022 | •USD: Nonfarm Payrolls (Jun) on 8th July, 2022
•USD: Unemployment Rate (Jun) on 8th July, 2022 |
NEWS UPDATES
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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.
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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.
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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.”
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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
BOARD MEETINGS
DRA | General | 13-Jul-22 |
DUROPLY | Issue Of Warrants;General;Preferential Issue of shares | 13-Jul-22 |
GUJHOTE | Quarterly Results | 13-Jul-22 |
HINDZINC | Interim Dividend | 13-Jul-22 |
ITHL | Quarterly Results | 13-Jul-22 |
JPTRLES | General;Quarterly Results | 13-Jul-22 |
MEERA | General | 13-Jul-22 |
METALCO | General | 13-Jul-22 |
MINDTREE | Quarterly Results | 13-Jul-22 |
MSRINDIA | General | 13-Jul-22 |
PANAFIC | Right Issue of Equity Shares;General | 13-Jul-22 |
PREMIERPOL | A.G.M.;General;Quarterly Results | 13-Jul-22 |
RAMASIGNS | Quarterly Results | 13-Jul-22 |
TATAMETALI | Audited Results | 13-Jul-22 |
TILAK | Right Issue of Equity Shares | 13-Jul-22 |
CORPORATE ACTION
A Infrastructure Ltd | 12-Jul-22 | Bonus issue 1:1 |
Avadh Sugar & Energy Ltd | 12-Jul-22 | Dividend – Rs. – 10.0000 |
REC Ltd | 12-Jul-22 | Final Dividend – Rs. – 4.8000 |
SESHASAYEE PAPER & BOARDS LTD. | 12-Jul-22 | Final Dividend – Rs. – 2.5000 |
STEEL EXCHANGE INDIA LTD. | 12-Jul-22 | Stock Split From Rs.10/- to Rs.1/- |
Aditya Birla Sun Life AMC Ltd | 13-Jul-22 | Final Dividend – Rs. – 5.8500 |
ANG Lifesciences India Ltd | 13-Jul-22 | Bonus issue 1:4 |
ASM TECHNOLOGIES LTD. | 13-Jul-22 | Final Dividend – Rs. – 2.5000 |
Magadh Sugar & Energy Ltd | 13-Jul-22 | Dividend – Rs. – 6.5000 |
ORIENT BELL LIMITED-$ | 13-Jul-22 | Dividend – Rs. – 1.0000 |
POLYCHEM LTD. | 13-Jul-22 | Final Dividend – Rs. – 3.0000 |
Shankara Building Products Ltd | 13-Jul-22 | Final Dividend – Rs. – 1.0000 |
SHREE CEMENT LTD. | 13-Jul-22 | Final Dividend – Rs. – 45.0000 |
VST INDUSTRIES LTD. | 13-Jul-22 | Dividend – Rs. – 140.0000 |
WENDT (INDIA) LTD. | 13-Jul-22 | Final Dividend – Rs. – 45.0000 |
ADANI ENTERPRISES LTD. | 14-Jul-22 | Final Dividend – Rs. – 1.0000 |
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD. | 14-Jul-22 | Final Dividend – Rs. – 5.0000 |
Apex Frozen Foods Ltd | 14-Jul-22 | Final Dividend – Rs. – 2.5000 |
ARIHANT CAPITAL MARKETS LTD. | 14-Jul-22 | Final Dividend – Rs. – 0.1500 |
ASHOK LEYLAND LTD. | 14-Jul-22 | Dividend – Rs. – 1.0000 |
Adani Total Gas Ltd | 14-Jul-22 | Final Dividend – Rs. – 0.2500 |
ATUL LTD. | 14-Jul-22 | Dividend – Rs. – 25.0000 |
BHARAT FORGE LTD. | 14-Jul-22 | Final Dividend – Rs. – 5.5000 |
B.N.RATHI SECURITIES LTD. | 14-Jul-22 | Dividend – Rs. – 1.0000 |
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
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