Today, the NIFTY opened at 17079.50 with a big gap up of 150 points the index continued moving higher and crossed above 17100 but soon faces resistance and drifted downwards. Prices have seen a sharp decline and almost reached 17000. The index then takes a reversal from there after recording its intraday low at 17018.15 and rallied sharply. The index consolidated in a tight narrow range for the whole afternoon and again rallied in the last 30 minutes to record its intraday high at 17172.80. Prices have finally closed at 17158.25 with a gain of 228.65 points or 1.35% up. All the sectoral indices have seen an upside move today and closed higher. METAL outperformed today and ended with a gain of nearly 4% followed by OIL GAS which ended with a gain of over 2%. The NIFTY broke its resistance around 17000 decisively and rallied further. This breakout level should now act as a support level for the index. It means a close below 17000 suggests not taking long trades. Since we do not have an adequate setup to trade so we will avoid trading the index for the time being. Fresh trade should emerge either on a dip or if the index again consolidated and formed a narrow trading range. Both the trend and momentums have aligned on the upside suggests higher levels are ahead.
Today, the BANK NIFTY opened at 37717.30 with big gap up of 381points. The index did not sustain at higher levels and started moving lower after recording its intraday high at 37754.65. Prices have filled the gap and went into negative territory but soon finds support and bounced up after recording its intraday low at 37221.15. The index remains in positive territory afterward and finally dosed at 37486 with a gain of 150 points. PVT BANKS have outperformed today and dosed withagainof0.58%. PSU BANKS have underperformed today and ended with loss of 1.17%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while SBIN contributed the lowest The short-term trend is up. Immediate support is now visible around 36800. Buying should be done as far as the index is moving above this support. As of now, we do not have an inadequate setup to trade so we will avoid trading the index. Fresh trade should emerge either after a dip or if the index consolidates for a few trading days and formed a narrow trading range.
|HDFC||2377.80||BUY||Stock made a base at lower levels and gave breakout, currently price waiting at higher levels to continue its upside journey. One should buy at CMP for the target of 2428 with SL of 2362.|
|DLF||384||SELL||Short term trend of the stock is up it stretches too much without any retracement now it showing some selling pressure. One should sell @CMP for the target of 372.20 with SL of 392.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|SBILIFE.22.08 Aug||1301.15||9.64||163.48||7017000||SRTRANSFIN.22.08 Aug||1366.05||-6.65||357.35||4330200|
|TATASTEEL.22.08 Aug||107.5||7.39||669.74||234952750||NAM-INDIA.22.08 Aug||274.65||-5.7||964.54||2401600|
|GMRINFRA.22.08 Aug||37.75||6.34||1721.8||109035000||INTELLECT.22.08 Aug||634.85||-4.88||2415.79||1434000|
|NAUKRI.22.08 Aug||4349.8||6.25||4044.68||1461000||M&MFIN.22.08 Aug||187.5||-4.87||1510.12||26728000|
|Short Covering||Long Unwinding|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Crompton Greaves Consume||394.4||2.88||1438648||680048||78.15||Nifty50||17158.25||1.35||36512208|
|Ambuja Cements Ltd||374.8||1.07||6522804||4539241||73.51||Niftybank||37491.4||0.3||16640208|
|Power Grid Corporation o||213.95||-0.12||11574801||8610992||71.48||Nifty it||29152.3||1.71||1615226|
|Icici Lombard General In||1219.9||2.58||639036||392607||70.17||India Vix||16.55||-2.7||364121615|
|Hdfc Life Insurance Comp||555.5||4.5||14236016||6299924||66.92||Nifty Fmcg||42487.4||0.51||458495|
|Siemens Ltd||2694.2||0.4||428739||250875||66.21||Nifty Pharma||12776.55||0.92||49026428|
|Hdfc Bank Ltd.||1434.2||1.22||10009868||6624853||65.97||Nifty Realty||450.95||0.93||1385960072|
|Abb Limited||2736.15||0.51||248397||127513||65.46||Nifty Auto||12543.2||1.29||49816358|
|Dabur India Ltd.||584.1||1.99||2161611||1409483||64.16||Nifty Metal||5485.8||3.86||114655670|
|Icici Bank Ltd.||818.6||0.49||11095993||7212288||63.77||Nifty Financial Services||17437.8||0.91||6653553|
UPCOMING ECONOMIC DATA
|INR: Nikkei S&P Global Manufacturing PMI (Jul) on 1st August, 2022
INR: Trade Balance on 2nd August, 2022
|•USD: Manufacturing PMI (Jul) on 1st August, 2022|
Private sector lender Yes Bank Ltd. said that it will raise Rs 8,898.47 crore (approximately $1.11 billion) from private equity firms Carlyle Group and Advent International. The bank’s board met on Friday to assess the investment proposals and approved them. To facilitate this investment, the bank has also increased its authorised share capital from Rs 6,200 crore to Rs 8,200 crore.
Auctions for 5G spectrum continued for the fifth day on Saturday, after fetching bids worth Rs 1,49,855 crore from players such as Reliance Jio and Bharti Airtel so far. Continued interest for radiowaves has led to stretching of the auction to Saturday, and according to sources, 24th round of bidding is underway. About 71 per cent of the total spectrum put on the block has been provisionally sold so far, Telecom Minister Ashwini Vaishnaw had said on Friday, terming it a ‘good response.
Biocon Ltd. is expecting growth in the second half of 2022 even as it missed forecasts in the first quarter. “We have had robust growth of 23% compared to last year. We expect more product approvals, newer capacities to be qualified and commissioned which will lead to increased supply to customers, and increase in market share of already launched products such as the biosimilar Glargine,” Siddharth Mittal, managing director and chief executive officer at Biocon.
Auto component major Sundram Fasteners (SFL) posted a consolidated net profit of Rs 138.03 crore during Q1FY23, up 14.5 per cent from Rs 120.51 crore reported during the same period last year.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|ALKYLAMINE||Quarterly Results||01-Aug-22||PDSL||General;Quarterly Results||01-Aug-22|
|ARVIND||Quarterly Results||01-Aug-22||PRUDENT||Quarterly Results||01-Aug-22|
|ASAL||Quarterly Results||01-Aug-22||PSB||Quarterly Results||01-Aug-22|
|BAJAJCON||Quarterly Results||01-Aug-22||RAMCOCEM||Quarterly Results||01-Aug-22|
|BARBEQUE||Quarterly Results||01-Aug-22||RATEGAIN||Quarterly Results||01-Aug-22|
|CASTROLIND||Interim Dividend;Quarterly Results||01-Aug-22||RBGUPTA||Quarterly Results||01-Aug-22|
|EASEMYTRIP||Employees Stock Option Plan;General||01-Aug-22||RRMETAL||General||01-Aug-22|
|ESCORTS||General;Quarterly Results||01-Aug-22||SAGARPROD||Quarterly Results||01-Aug-22|
|GALLOPENT||Quarterly Results||01-Aug-22||SHREDIGCEM||Quarterly Results||01-Aug-22|
|GOODYEAR||Quarterly Results||01-Aug-22||SNOWMAN||Interim Dividend;Quarterly Results||01-Aug-22|
|HGINFRA||Quarterly Results||01-Aug-22||SVGLOBAL||Quarterly Results||01-Aug-22|
|ITC||Quarterly Results||01-Aug-22||SYMBIOX||General;Quarterly Results||01-Aug-22|
|JUMBO||General;Quarterly Results||01-Aug-22||THYROCARE||Quarterly Results||01-Aug-22|
|KANSAINER||Quarterly Results||01-Aug-22||TRITURBINE||Quarterly Results||01-Aug-22|
|KAYA||Quarterly Results||01-Aug-22||UPL||Quarterly Results||01-Aug-22|
|MAHACORP||Quarterly Results||01-Aug-22||VANDANA||General;Quarterly Results||01-Aug-22|
|MARUTISE||Quarterly Results||01-Aug-22||VBL||Interim Dividend;Quarterly Results||01-Aug-22|
|MFSL||Quarterly Results||01-Aug-22||VIVIDHA||Quarterly Results||01-Aug-22|
|NELCAST||Quarterly Results||01-Aug-22||VTMLTD||Quarterly Results||01-Aug-22|
|OAL||Quarterly Results||01-Aug-22||WARDINMOBI||A.G.M.;General;Quarterly Results||01-Aug-22|
|OMEAG||Quarterly Results||01-Aug-22||WELSPLSOL||Quarterly Results||01-Aug-22|
|ORBTEXP||Quarterly Results||01-Aug-22||XPROINDIA||Quarterly Results||01-Aug-22|
|PACL||Quarterly Results||01-Aug-22||ZOMATO||Quarterly Results||01-Aug-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ALBERTDA||01-Aug-22||Dividend – Rs. – 9.00||CUMMINSIND||02-Aug-22||Final Dividend – Rs. – 10.50|
|BHARTIARTL||01-Aug-22||Dividend – Rs. – 3.00||DLF||02-Aug-22||Dividend – Rs. – 3.00|
|GAEL||01-Aug-22||Dividend – Rs. – 0.6500||HERCULES||02-Aug-22||Final Dividend – Rs. – 1.2500|
|GAIL||01-Aug-22||Final Dividend – Rs. – 1.00||HERCULES||02-Aug-22||Special Dividend – Rs. – 0.60|
|HIRECT||01-Aug-22||Dividend – Rs. – 0.40||IGPL||02-Aug-22||Dividend – Rs. – 10.00|
|IIFLWAM||01-Aug-22||Interim Dividend – Rs. – 15.00||JKCEMENT||02-Aug-22||Final Dividend – Rs. – 15.00|
|KIRLOSIND||01-Aug-22||Final Dividend – Rs. – 10.00||KCP||02-Aug-22||Final Dividend – Rs. – 1.00|
|MENNPIS||01-Aug-22||Final Dividend – Rs. – 0.7500||KIRLOSBROS||02-Aug-22||Final Dividend – Rs. – 3.00|
|NAVA||01-Aug-22||Final Dividend – Rs. – 6.00||LXMIATO||02-Aug-22||Dividend – Rs. – 10.00|
|PAUSHAKLTD||01-Aug-22||Final Dividend – Rs. – 12.00||MCLOUD||02-Aug-22||Final Dividend – Rs. – 0.50|
|PGINVIT||01-Aug-22||Income Distribution (InvIT)||ORIENTPPR||02-Aug-22||Dividend – Rs. – 0.2500|
|PUNJABCHEM||01-Aug-22||Final Dividend – Rs. – 3.00||RAMCOCEM||02-Aug-22||Dividend – Rs. – 3.00|
|RATNAMANI||01-Aug-22||Dividend – Rs. – 9.3300||RAMCOIND||02-Aug-22||Final Dividend – Rs. – 1.00|
|SUDARSCHEM||01-Aug-22||Final Dividend – Rs. – 5.00||SHK||02-Aug-22||Final Dividend – Rs. – 0.7500|
|UNICHEMLAB||01-Aug-22||Final Dividend – Rs. – 4.00||SIGACHI||02-Aug-22||Interim Dividend – Rs. – 1.00|
|ABBOTINDIA||02-Aug-22||Final Dividend – Rs. – 145.00||TCPLPACK||02-Aug-22||Final Dividend – Rs. – 10.00|
|ABBOTINDIA||02-Aug-22||Special Dividend – Rs. – 130.00||UBL||02-Aug-22||Dividend – Rs. – 10.50|
|ANANDRATHI||02-Aug-22||Final Dividend – Rs. – 6.00||ULTRACEMCO||02-Aug-22||Final Dividend – Rs. – 38.00|
|CENTUM||02-Aug-22||Final Dividend – Rs. – 2.50||ANUHPHR||03-Aug-22||Final Dividend – Rs. – 1.7500|
|CHOLAHLDNG||02-Aug-22||Dividend – Rs. – 0.5500||ANURAS||03-Aug-22||Interim Dividend – Rs. – 0.40|
Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014
Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited, email@example.com
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their securities. I/We also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.
Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in, or emailing firstname.lastname@example.org with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research. For important disclosures for these companies, please e-mail email@example.com.
Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person.
Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, board member or employee of any company in the analyst’s area of coverage.
Country Specific Disclosures
India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. Ravinder Parkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research report, details of associates and such other information as is necessary to take an investment decision, including the following:
a) EWL or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(d) EWL or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months;
(e) EWL or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.
3 In respect of Public Appearances
(a) EWL or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided by EWL