Today, the NIFTY opened at 16475.35 without much of a gap. The index initially moved down but soon finds support around 16450 and bounced up sharply. Prices recorded their intraday low at 16438.75 within the first 30 minutes of trading and then takes a U-turn. The rally continued for the whole day with minor dips in between. The index broke above 16600 and rallied further to record its intraday high at 16653.45. Prices have finally closed at 16641.80   with a gain of 157.95 points 0.96% up. All the sectoral indices have seen an upside move today and closed higher. PHARMA and MEDIA outperformed today by ending more than 2% higher. BANK IT and REALTY also did well today and ended with a gain of over 1%. The short-term trend is up. We have seen a sharp upside move from 15900 to 16750, a rally of about 850 points. After such a sharp move, prices tend to consolidate. This is what happened in the NIFTY also. Prices have been moving sideways for the last six trading days and locked themselves inside a narrow range of 16450 – 16700. As far as prices are moving between these levels, we should step aside and avoid trading the index.


Today, the BANK NIFTY opened at 36370.55 without much of a gap. The index initially went lower but soon finds Support. Prices have recorded their intraday low at 36248.60 and bounced up sharp. The rally continued for the whole day and the index recorded its intraday high at 36808.30.prices have finally closed at 36795.40 with a gain of 446 points. PSU BANKS have performed well today and closed higher by 2.01%. PVT BANKS have also moved up today and ended with a gain of 0.89%, within the index, in terms of points, SB contributed the highest on the upside while KOTAK BANK contributed the lowest. It was again trend day today but, on the upside, where prices have recorded their intraday low near the opening tick and intraday high near the closing tick. The index moved sharply in the first half while the second half moved sideways. The short-term trend is up. A narrow trading range is now visible on the daily time frame chart inside 35900 – 37000. The range is yet to be confirmed but a breakout on either side may give us a directional move. As of now, we should step aside and avoid trading the index.


KOATAK BANK FUT 1757.55 BUY Stock corrected after a sharp up rally, now price reversing from golden ration of Fibonacci, one should buy @ CMP with keeping SL 1733 for the target of 1792
M&M FUT 1134 SELL Stock showing weakness after a sharp rally at upper levels; one should short @ CMP with keeping SL of 1146.35 for the target of 1116.


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
LAURUSLABS.22.07 Jul 517 6.61 0.38 3080700 MCDOWELL-N.22.07 Jul 792.45 -7.01 8.27 5385625
COROMANDEL.2207Jul 1068 6.34 19.77 644700 TATAPOWER.22.07 Jul 218.6 -3.55 7.07 44091000
GNFC.22.07 Jul 697.35 5.52 11.73 1833000 GNFC.22.07 Jul 646.8 -2.13 11.73 1833000
LALPATHLAB.22.07 Jul 2182.1 5.03 2.09 451250 TVSMOTOR.22.07 Jul 848.05 -1.97 22.64 6864200
GSPL.22.07 Jul 232 4.72 3 1972500 SRTRANSFIN.22.07 Jul 1455.5 -1.89 16.37 2170800
                                                                        Short Covering                                                                       Long Unwinding
GLENMARK.22.07 Jul 377.65 4.32 -12.54 2406950 M&MFIN.22.07 Jul 199 -3.96 -11.5 10956000
COFORGE.22.07 Jul 3775.8 3.84 -27.68 249600 UBL.22.07 Jul 1634.75 -2.12 -22.85 430800
NAM-INDIA.22.07 Jul 286.4 3.56 -25.08 1084800 NBCC.22.07 Jul 33.6 -1.47 -16.08 8535000
MANAPURAM2207Jul 94.1 3.01 -1.26 11298000 IDEA.22.07 Jul 8.75 -1.13 -5.1 3.58E+08
AMARAJABAT22.07 Jul 479 2.94 -4.86 2425000 BHARTIARTL.22.07 Jul 675.65 -1.12 -5.35 18536400

Top Delivery Percentage

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Hdfc Life Insurance Comp 521.25 -0.25 8672870 0 79.09 Nifty50 16641.8 0.96 97809
Gmr Infrastructure Limit 35.5 1.14 6682240 0 71.08 Niftybank 36783.75 1.03 97755
Crompton Greaves Consume 380.85 1.06 2002943 0 70.39 Nifty it 27878.8 1.68 97755
Siemens Ltd 2690.3 0.51 418278 0 65.98 India Vix 18.13 -0.22 103566
Sbi Life Insurance Compa 1149.35 0.98 1554002 0 65.27 Nifty Fmcg 42036.3 0.57 97755
Nestleind 18541.9 0.18 44973 0 64.16 Nifty Pharma 12628.95 2.33 97755
Muthootfin 1020.9 -0.56 905272 0 64.02 Nifty Realty 437.75 1.07 97755
Hdfc Ltd. 2313.35 0.91 1103714 0 64.01 Nifty Auto 12326.35 0.41 97755
Ambuja Cements Ltd 370.85 0.24 2093379 0 63.76 Nifty Metal 5193.65 0.78 97755
Icici Lombard General In 1188.35 2.71 439202 0 62.92 Nifty Financial Services 16880.3 0.87 97755


   Domestic                                                                                                                                                  InternationalINR:  Nikkei S&P Global Manufacturing PMI (Jul) on 1st August, 2022

•USD:  GDP (QoQ) (Q2) on 28th July, 2022

•USD:  Initial Jobless Claims on 28th July, 2022


  • Bajaj Finance on Wednesday reported 159% jump in consolidated net profit at Rs 2,596 crore for the quarter ending June 30, 2022. It reported consolidated net profit of Rs 1,002 crore in the year-ago period. The company’s assets under management grew by 28% to Rs 2.04 trillion as of June 30, 2022.


  • To help achieve the Centre’s target of having 100 million tonnes (MT) of coal gasification capacity in the country by 2030, five public sector undertakings (PSU) will set up manufacturing units, senior officials said. National miner Coal India (CIL), manufacturing major BHEL, GAIL, Indian Oil Corporation (IOCL), and Neyveli Lignite Corporation (NLC) will set up five manufacturing units for coal gasification.


  • Bharat Forge subsidiary BF Infrastructure has partnered with Talgo for manufacturing high speed trains in India. Talgo is a wholly owned subsidiary of Spain-based high speed passenger train manufacturer Patentes Talgo. The company has more than 75 years’ experience in design, manufacturing and maintenance of trains. The joint venture will focus on bringing high-speed rail technology and solution to Indian Railways. It will tap into any upcoming domestic opportunities in the railways and boost India’s atmanirbhar vision.


  • Telecom market leader Reliance Jio’s estimated spends after Day 1 of India’s ongoing 5G spectrum sale is already pegged upwards of Rs 80,000 crore as it’s likely to have bought pricey airwaves in the 700 MHz band, pan-India, in addition to mid-band (3.3-3.67 GHz) and high-band (26 GHz) airwaves, analysts said.


Source: Economic Times,  Indian Express  ,Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Ex-Date Company Name Purpose Ex-Date
ADFFOODS Quarterly Results 28-Jul-22 MRPL Quarterly Results 28-Jul-22
AJANTPHARM Quarterly Results 28-Jul-22 NACLIND Quarterly Results 28-Jul-22
APARINDS Quarterly Results 28-Jul-22 NAM-INDIA Quarterly Results 28-Jul-22
AURUM Quarterly Results 28-Jul-22 NESTLEIND Quarterly Results 28-Jul-22
BAJAJFINSV Bonus issue;Stock  Split;Results 28-Jul-22 NIITLTD Quarterly Results 28-Jul-22
BAJAJHLDNG Quarterly Results 28-Jul-22 NOCIL Quarterly Results 28-Jul-22
CHALET General;Quarterly Results 28-Jul-22 OLECTRA Quarterly Results 28-Jul-22
CMSINFO A.G.M.;General;Quarterly Results 28-Jul-22 ORIENTCEM Quarterly Results 28-Jul-22
DBCORP Interim Dividend;Quarterly Results 28-Jul-22 ORIENTHOT Quarterly Results 28-Jul-22
DRREDDY Quarterly Results 28-Jul-22 PATELENG Preferential Issue of shares 28-Jul-22
EQUITASBNK Quarterly Results 28-Jul-22 PNB General;Quarterly Results 28-Jul-22
GHCL Quarterly Results 28-Jul-22 PNBHOUSING Quarterly Results 28-Jul-22
GMM Quarterly Results 28-Jul-22 PNC Quarterly Results 28-Jul-22
IFBIND Quarterly Results 28-Jul-22 RITES Interim Dividend;Quarterly Results 28-Jul-22
IIFLSEC Quarterly Results 28-Jul-22 SBICARD Quarterly Results 28-Jul-22
INTELLECT Quarterly Results 28-Jul-22 SBILIFE Quarterly Results 28-Jul-22
JAMNAAUTO Quarterly Results 28-Jul-22 SHREECEM Quarterly Results 28-Jul-22
JUBLFOOD Quarterly Results 28-Jul-22 SMCGLOBAL* Quarterly Results 28-Jul-22
KDDL Dividend;General;Quarterly Results 28-Jul-22 SONACOMS Quarterly Results 28-Jul-22
KPRMILL Quarterly Results 28-Jul-22 SRTRANSFIN Quarterly Results;General 28-Jul-22
LALPATHLAB Interim Dividend;Quarterly Results 28-Jul-22 TCIDEVELOP Quarterly Results 28-Jul-22
LKPFIN Quarterly Results 28-Jul-22 TTKPRESTIG Quarterly Results 28-Jul-22
M&MFIN Quarterly Results 28-Jul-22 TVSMOTOR General;Quarterly Results 28-Jul-22
MOTILALOFS Quarterly Results 28-Jul-22 VEDL Quarterly Results 28-Jul-22
MPSLTD Quarterly Results 28-Jul-22 WESTLIFE Quarterly Results 28-Jul-22


Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AKZOINDIA 28-Jul-22 Final Dividend – Rs. – 35.00 OSIAJEE 28-Jul-22 Interim Dividend – Rs. – 0.10
AMARAJABAT 28-Jul-22 Final Dividend – Rs. – 0.50 RKFORGE 28-Jul-22 Interim Dividend – Rs. – 0.50
ASALCBR 28-Jul-22 Final Dividend – Rs. – 1.00 ROSSELLIND 28-Jul-22 Dividend – Rs. – 0.30
AUBANK 28-Jul-22 Final Dividend – Rs. – 0.50 SAHYADRI 28-Jul-22 Final Dividend – Rs. – 3.00
AUTOAXLES 28-Jul-22 Final Dividend – Rs. – 15.00 SAIL 28-Jul-22 Final Dividend – Rs. – 2.2500
BAJAJELEC 28-Jul-22 Final Dividend – Rs. – 3.00 SAKSOFT 28-Jul-22 Final Dividend – Rs. – 3.00
BENGALT 28-Jul-22 Final Dividend – Rs. – 1.00 SHILCTECH 28-Jul-22 Final Dividend – Rs. – 4.00
DLINKINDIA 28-Jul-22 Final Dividend – Rs. – 3.00 SMRUTHIORG 28-Jul-22 Dividend – Rs. – 3.00
EMBASSY 28-Jul-22 Income Distribution RITES SOBHA 28-Jul-22 Dividend – Rs. – 3.00
EMUDHRA 28-Jul-22 Final Dividend – Rs. – 1.2500 SRF 28-Jul-22 Interim Dividend – Rs. – 3.60
FAIRCHEMOR 28-Jul-22 Final Dividend – Rs. – 13.00 SUBROS 28-Jul-22 Final Dividend – Rs. – 0.70
FCL 28-Jul-22 Final Dividend – Rs. – 0.40 TATASTEEL 28-Jul-22 Stock  Split From Rs.10/- to Rs.1/-
ICICIGI 28-Jul-22 Final Dividend – Rs. – 5.00 TRIL 28-Jul-22 Final Dividend – Rs. – 0.1500
ICRA 28-Jul-22 Dividend – Rs. – 28.00 WIMPLAST 28-Jul-22 Final Dividend – Rs. – 8.00
INDPRUD 28-Jul-22 Dividend – Rs. – 50.00 ZYDUSLIFE 28-Jul-22 Final Dividend – Rs. – 2.50
KANCOTEA 28-Jul-22 Dividend – Rs. – 1.00 AMIORG 29-Jul-22 Final Dividend – Rs. – 3.00
KAYCEEI 28-Jul-22 Final Dividend – Rs. – 50.00 ANUP 29-Jul-22 Final Dividend – Rs. – 8.00
MUKANDLTD 28-Jul-22 Dividend – Rs. – 1.50 BCPL 29-Jul-22 Final Dividend – Rs. – 0.70
MUNJALSHOW 28-Jul-22 Dividend – Rs. – 4.50 CLEAN 29-Jul-22 Final Dividend – Rs. – 3.2500
NESCO 28-Jul-22 Final Dividend – Rs. – 3.00 DVL 29-Jul-22 Final Dividend – Rs. – 4.00

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