NIFTY opened at 16010.80 With a gap up of 72 points. The index initially followed its early morning momentum but failed to keep it on and moved down. Prices have seen a sharp dip and filled the gap. The index then went into a process of consolidation that eventually broke on the upside. Prices recorded its intraday low at 15927.30. A sharp rally came in the last one and half hours of trading which brought the index to its intraday high at 16066.95. Prices finally closed at 16049.20 with a gain of 110.55 points or 0.69% up. AUTO outperformed today and ended with a gain of 2.03% followed by FMCG which ended 1.47% up. METAL, IT underperformed today and ended with a loss. BANK and PHARMA ended almost on a flat note.
On a weekly timeframe, the index ended a week with a loss. Also, it has formed an Inside bar, which means this week’s price action was inside the previous weeks suggesting next week may be wide. A trading range is visible inside 15850 – 16300 on the daily chart. We should wait for one or two days and then plan our trade. Till then avoid trading the index.
Bank Nifty opened at 34734.45 with a gap up of 71points. The index initially moved lower after recording its intraday high at 34899.95, filled the gap, and then started a process of consolidation. Prices have recorded its intraday low at 34463.90 and broke on the upside. A rally brought prices near to its opening tick and the index finally closed at 34704.85 with a gain of just 41points. PSU BANKS has seen an underperformance today and closed lower by 0.43%. PVT BANKS have outperformed today and closed higher by just 0.07%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while AX IS BANK contributed the lowest.
However, if prices started increasing on Monday, we should take a long trade on a breakout above 35200 with a stop of 300 points and a target of 800 points. In case of a gap up, apply the first 15 minute rule.
|BEL||245.5||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 243 and for the target of 250.|
|TATASTEEL||883||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 883 with a stop loss of 890 and target of 860.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|BSOFT||310 CE||BUY||12.3||CMP||10||20||OI Increase
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|SUNTV.22.07 Jul||419.55||0.01||3.18||8568000||JINDALSTEL.22.07 Jul||346.4||-4.26||8.38||41688750|
|TCS.22.07 Jul||3010.95||0.06||1.02||14769450||TATASTEEL.22.07 Jul||885.9||-2.72||3.41||31081100|
|INDIACEM.22.07 Jul||172.2||0.09||1.69||11350600||SAIL.22.07 Jul||68.35||-2.57||30.72||1.29E+08|
|UPL.22.07 Jul||662.6||0.1||0.75||18827900||POWERGRID.22.07 Jul||210||-2.35||8.28||56311200|
|MGL.22.07 Jul||799.1||0.12||1.21||3152800||GLENMARK.22.07 Jul||381.7||-2.3||1.6||6510150|
|Short Covering||Long Unwinding|
|INFY.22.07 Jul||1439.75||0.39||-0.37||35563500||BANDHANBNK.22.07 Jul||270.65||-1.76||-0.51||26119800|
|RELIANCE.22.07 Jul||2409.45||0.43||-0.86||34334250||NAM-INDIA.22.07 Jul||276.5||-1.76||-0.48||2955200|
|BHEL.22.07 Jul||49.65||0.51||-0.97||94615500||DELTACORP.22.07 Jul||176.15||-0.87||-0.58||15715900|
|ADANIENT.22.07 Jul||2405.9||0.56||-0.31||21785000||DRREDDY.22.07 Jul||4537.25||-0.49||-1.57||1854250|
|COLPAL.22.07 Jul||1575.75||0.56||-0.13||2636900||IDFC.22.07 Jul||52.65||-0.09||-0.12||1.04E+08|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Kotak Mahindra Bank Limi||1787.7||1||2333732||0||80.64||Nifty50||16049.2||0.69||76869|
|Sbi Life Insurance Compa||1155.45||1.45||591171||0||76.18||Niftybank||34682.65||0.09||76869|
|Ambuja Cements Ltd||369.15||-0.2||3856534||0||75.79||Nifty it||26484.75||-0.15||76869|
|Crompton Greaves Consume||393.15||1.05||4340213||0||74.46||India Vix||17.6||-4.03||76869|
|Hdfc Ltd.||2216.1||2.25||2486731||0||66.92||Nifty Fmcg||41498.8||1.47||76869|
|Bajaj Auto Limited||3913.35||1.3||281730||0||64.15||Nifty Realty||420||0.56||76869|
|City Union Bank Ltd.||151.55||0.87||1219432||0||64.03||Nifty Auto||12361.65||2.03||76869|
|Infosys Limited||1430.35||0.1||5620017||0||63.96||Nifty Metal||4830.7||-0.81||76869|
|Axis Bank Limited||662.2||-0.91||6015057||0||63.41||Nifty Financial Services||16112.75||0.71||76872|
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
|DUROPLY||Issue Of Warrants;General;Preferential Issue of shares||13-Jul-22|
|PANAFIC||Right Issue of Equity Shares;General||13-Jul-22|
|TILAK||Right Issue of Equity Shares||13-Jul-22|
|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|
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