Nifty 15657.40 with a gap up of 101 points. The index continued moving higher for the first 15 minutes of trading and rallied further to record its intraday high at 16749.25. Prices turned down and headed towards yesterday’s closing price to fill the gap. However, the index found support in between and again bounced up after recording its intraday low at 15619.45. Prices have seen an up move in the second half and then consolidated for the last half hour of trading. The index finally closed at 15699.25 with a gain of 142.60 points or 0.92% up. All the sectoral indices have closed higher today except the IT which ended 0.89% lower. BANK, FINANCIAL, AUTO, OIL GAS, and METAL led the way today on the higher side and ended with a gain of more than 1%.

Strong resistance may emerge inside 15800 – 16000 zones while a short-term resistance is now visible around 15700.The index is now trading almost at this level. We are expecting a process of consolidation here. We should step aside and avoid trading the index. We should wait for prices to suggest to us any adequate setup to trade.


Bank Nifty 33434.80 With a gap up of 263 points. The index continued its bullish momentum and moved further on the upside. Prices have recorded its intraday low at 33390.85 a few ticks below the opening price and then consolidated in a tight narrow range. Prices then moved up, recorded its intraday high at 33721.90, and finally closed at 33654.20 with a gain of 485 points. PVT and PSU BANKS both have performed almost the same today, saw an upside move, and ended with a gain of 1.75% & 1.98% respectively. Within the index, in terms of points, ICIC IBANK contributed the highest on the upside followed by HDFC BANK.

The short-term trend is sideways as the index is in a process of correction after a sharp decline. As mentioned yesterday, “A recent swing low around 32300 should act as a support while strong resistance is visible around 34500.


ADANIENT 2161 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 2140 and for the target of  2200.
DLF 315.80 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 315 with a stop loss of 319 and target of 310.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
TCS 3250 PE BUY 19.70 CMP 5 50 OI Increase
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
APOLLOTYRE.22.06 Jun 174.9 0.03 1.54 13367500 HINDCOPPER.22.06 Jun 82.95 -8.75 8.71 11863700
TCS.22.06 Jun 3221.95 0.19 4.15 10297200 HINDALCO.22.06 Jun 317 -6.54 2.26 45043575
PETRONET.22.06 Jun 207.55 0.29 1.95 16011000 UPL.22.06 Jun 613.5 -6.21 1.24 18441800
PVR.22.06 Jun 1796.15 0.54 3.72 2066746 VEDL.22.06 Jun 222.5 -6.1 1.32 56249500
IGL.22.06 Jun 357.5 0.65 0.29 9670375 JINDALSTEL.22.06 Jun 307.85 -5.9 0.75 34085000
                                                                        Short Covering                                                                       Long Unwinding
LICHSGFIN.22.06 Jun 307.45 0.03 -0.13 19660000 RBLBANK.22.06 Jun 85.95 1.96 -3.03 39408100
GODREJCP.22.06 Jun 763.9 0.03 -1.12 7588000 BSOFT.22.06 Jun 342.3 1.69 -10.07 2648100
WHIRLPOOL.22.06 Jun 1459.3 0.09 -2.74 542000 BPCL.22.06 Jun 305.75 1.22 -1.27 14263200
HONAUT.22.06 Jun 33311.6 0.12 -2.27 13590 TATACOMM.22.06 Jun 894.65 0.85 -1.45 3151600
SYNGENE.22.06 Jun 556.35 0.14 -0.67 878900 IDEA.22.06 Jun 8.55 0.59 -5.44 5.57E+08

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Dalmia Bharat Limited 1246.95 -0.89 143132 24071 78.56 Nifty50 15413.3 -1.44 24940369
Gujarat State Petronet l 214.05 -2.06 595416 335872 76.9 Niftybank 32845.3 -1.04 11716020
Mah & Mah Ltd. 983.8 -1.42 2629024 1305193 76.41 Nifty it 27488.35 -1.16 1241142
United Breweries Limited 1476.55 -0.56 899550 466604 70.59 India Vix 21.3 0.76 1.81E+08
Ntpc Limited 137.65 -1.64 8317317 2947205 69.35 Nifty Fmcg 36963.3 -0.95 421789
Hdfc Ltd. 2159.25 -0.71 2951514 2011012 69.17 Nifty Pharma 11939.05 -1.32 32131105
Eicher Motors Ltd 2662.75 -1.48 273509 96670 69.01 Nifty Realty 375.9 -2.19 1.02E+09
Infosys Limited 1437.25 -0.87 6253366 3610368 67.38 Nifty Auto 10881.4 -0.85 35349487
Crompton Greaves Consume 325.6 0.05 1102416 595269 64.87 Nifty Metal 4490.75 -4.87 84296830
Trent Limited 1020.8 -2.8 673346 282097 63.35 Nifty Financial Services 15271.45 -1.07 2847386


   Domestic                                                                                                                                                  International
INR:  Federal Fiscal Deficit (May) on 30thJune, 2022 •USD:  Pending Home Sales (MoM) (May) on 27th June, 2022

•USD:  Core Durable Goods Orders (MoM) (May)  on 27th June, 2022


  • Diversified Raymond aims to be a net debt-free company in the next three years and is focused on liquidity management through cost reduction initiatives and working capital optimisation, according to the latest annual report of the company. For the financial year ended March 31, 2022 Raymond’s net debt has been reduced to Rs 1,088 crore. It was Rs 1,416 crore in FY21 and Rs 1,859 crore in FY20.
  • Dr Reddy’s Laboratories is now aiming to be among the top five pharma players in the domestic market by focusing on the chronic therapy segment. The US would continue to remain an important geography, but the firm says it hopes to double its revenues from China and grow revenues five-fold in Brazil in the next five years.
  • An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis. Sandeep Kumar Gupta, director of finance at Indian Oil, also said at an industrial seminar he expects economic damage from the Russia-Ukraine conflict to contribute to a significant global growth slowdown in 2022.
  • Soft commodity prices slumped back to pre-Ukraine conflict levels after an intense first half of 2022 dominated by the supply turmoil and inflationary shocks unleashed by Russia’s attack on Ukraine. Crop items such as wheat is down 26.4 per cent, corn lower by 14.5 per cent, and sugar by 9.4 per cent. Cotton futures hit a 3-month low on demand concerns. While raw sugar hit a 6-week low on recession fears.
Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ANSINDUS General 25-Jun-22 BFUTILITIE Audited Results 28-Jun-22
CELLA General 25-Jun-22 CANOPYFIN Preferential Issue of shares 28-Jun-22
SHAMROIN A.G.M.;General 25-Jun-22 CHEMCON A.G.M.;General 28-Jun-22
TCMLMTD General 25-Jun-22 HAL Final Dividend 28-Jun-22
BAJAJ-AUTO Buy Back of Shares 27-Jun-22 J&KBANK General 28-Jun-22
CCCL Audited Results 27-Jun-22 KERALAYUR General 28-Jun-22
CSURGSU General 27-Jun-22 QUINTEGRA A.G.M. 28-Jun-22
EASTSUGIND Audited Results;Quarterly Results 27-Jun-22 ROUTE Buy Back of Shares 28-Jun-22
INDIANCARD Interim Dividend;General 27-Jun-22 SALSTEEL A.G.M.;General 28-Jun-22
RPEL A.G.M. 27-Jun-22 SHAHALLOYS A.G.M.;General 28-Jun-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
INDOSOLAR 27-Jun-22 Resolution Plan -Suspension BAJAJFINSV 30-Jun-22 Dividend – Rs. – 4.0000
SALASAR 27-Jun-22 Stock  Split From Rs.10/- to Rs.1/- BAJAJHLDNG 30-Jun-22 Final Dividend – Rs. – 25.0000
TRANWAY 27-Jun-22 E.G.M. BAJFINANCE 30-Jun-22 Dividend – Rs. – 20.0000
KACHCHH 28-Jun-22 E.G.M. BIOCON 30-Jun-22 Final Dividend – Rs. – 0.5000
SKFINDIA 28-Jun-22 Dividend – Rs. – 14.5000 EKI 30-Jun-22 Bonus issue 3:1
WHIRLPOOL 28-Jun-22 Final Dividend – Rs. – 5.0000 ESCORTS 30-Jun-22 Dividend – Rs. – 7.0000
SONACOMS 29-Jun-22 Final Dividend – Rs. – 0.7700 GANDHITUBE 30-Jun-22 Final Dividend – Rs. – 10.0000
TATASTLLP 29-Jun-22 Dividend – Rs. – 12.5000 IOC 30-Jun-22 Bonus issue 1:2
VAIBHAVGBL 29-Jun-22 Final Dividend – Rs. – 1.5000 LTI 30-Jun-22 Dividend – Rs. – 30.0000
AAL 30-Jun-22 Final Dividend – Rs. – 1.5000 MAHSCOOTER 30-Jun-22 Final Dividend – Rs. – 80.0000
BAJAJ-AUTO 30-Jun-22 Dividend – Rs. – 140.0000 NAM-INDIA 30-Jun-22 Final Dividend – Rs. – 7.5000

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 Analysts employed by Elite Wealth Limited are registered/qualified as research analysts with SEBI in India.( SEBI Registration No.: INH100002300)
Disclosure Appendix
Analyst Certification (For Reports)
Israil Khan, Elite Wealth Limited,
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.
Research Excerpts
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
Company-Specific Disclosures
Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting, or emailing 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
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
Other Disclosures
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:
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:
1. Reports
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;
2. Compensation
(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