Morning-Outlook-Feature-Image

morning-outlook-2 july

The markets began the week positively, gaining nearly half a percent, extending the ongoing uptrend. Starting flat, the Nifty gradually climbed and nearly reached Friday’s highs, closing at 24,125.30 levels.

Sector-wise, there was a mixed trend with IT, financials, and metals showing decent gains, while energy and realty dipped about half a percent. The broader indices performed well, with both midcap and small cap indices gaining approximately 1.5% which was underperforming in last few trading sessions.

Bullish Engulfing on the daily chart indicates the presence of a strong momentum to continue. The renewed strength in midcap and smallcap segments adds further positivity.

Going forward, there’s a possibility of consolidation in the benchmark index due to Q1 FY25 results and upcoming budget.

The immediate support is at 23900-24000, while the immediate resistance lies in the 24200-24350 zone.

TECHNICAL PICKS

COMPANY NAME PRICE RANGE B/S SL TARGET
IOC 166.50-167 BUY 165 173
NALCO 189-191 BUY 185 196

DERIVATIVE PICKS

Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MGL.24.07 Jul 1699 7.31 45.45 2182400 NTPC.24.07 Jul 371.95 -2.38 4.65 93721500
PERSISTENT.24.07 Jul 4500.1 5.99 2.72 2332800 VOLTAS.24.07 Jul 1456 -1.8 2.75 8530800
DEEPAKNTR.24.07 Jul 2653 5.32 11.98 1977300 IDFC.24.07 Jul 120.85 -1.75 6.02 105170000
IEX.24.07 Jul 190.7 5.1 4.5 75881250 ASHOKLEY.24.07 Jul 240 -1.44 7.55 77180000
RECLTD.24.07 Jul 554.5 5.08 3.35 55538000 IDFCFIRSTB.24.07 Jul 81.7 -1.27 4.89 363787500
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
PVRINOX.24.07 Jul 1506.5 5.06 -0.77 4645905 INDIACEM.24.07 Jul 287 -2.73 -9.65 18647000
BSOFT.24.07 Jul 717.55 3.77 -3.75 13713000 LUPIN.24.07 Jul 1620.95 -0.59 -0.51 6763875
INDUSTOWER.24.07 Jul 391 3.48 -1.43 103445000
LTTS.24.07 Jul 5048 2.65 -0.56 1163400
COFORGE.24.07 Jul 5527.4 2.4 -5.3 2162400

TOP DELIVERY PERCENTAGE

Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Value (Lakh)
Maruti Suzuki India Ltd 12108.65 0.62 1134926 888402 76.56 Nifty50 24125.3 0.48 17218.11
Max Financial Services l 995.7 2.47 2095006 706394 75.98 Niftybank 52574.75 0.44 37500.42
Cipla Ltd 1479.1 -0.11 1313651 1555535 74.51 Nifty it 36869.2 1.97 26239.04
Dalmia Bharat Limited 1849.95 2.01 393465 537996 70.85 India Vix 13.83 0.22 11.83
Alkem 4958.6 -0.66 172179 187902 68.97 Nifty Fmcg 57154.7 0.7 40758.91
Adaniports 1474.5 -0.24 3372730 7898453 68.48 Nifty Pharma 19758.25 0.14 14109.35
Nestleind 2568.1 0.64 924514 803319 67.96 Nifty Realty 1101.05 -0.33 788.12
Indigo 4222.15 -0.14 1761756 547091 67.92 Nifty Auto 25323.85 0.49 18080.85
Apollo Hospitals Ltd 6140.5 -0.73 374933 225787 67.46 Nifty Metal 9882.8 0.7 7058.45
Larsen & Toubro Limited 3526.55 -0.62 2961120 2118610 67.44 Nifty Media 2040.6 2.42 1451.68

UPCOMING ECONOMIC DATA

   Domestic                                                                                                                                                  International 
INR :  Services PMI on 3rd July 24

INR: Foreign exchange reserve

INR :  Parliament Session (24th June, 2024 to 3rd July, 2024).

USD: ISM services PMI on 2nd July

USD: Fed Chair Powell speaks on 2nd July

USD: FOMC minutes on 3rd July

USD: Unemployment rate on 5th July

NEWS UPDATES

  • Coal India June production up 8.9% at 63.1 mt vs 58 mt (YoY), offtake rises 5.4% at 64.1 mt vs 60.8 mt (YoY)

 

  • Atual Auto Total sales up 107.4% at 2,628 units vs 1,267 units (YoY)

 

  • Maruti Total sales up 12.4% at 1.79 lk units vs 1.59 lk units (YoY) also above street expectations

 

  • NivaBupa Health Insurance Files DRHP For IPO, Fresh Issue Up To Rs 800 Cr, OFS Up To Rs 2,200 Cr

 

  • L&T wins another offshore order from ONGC worth up to ₹2,500 crore

 

  • Karur vysya bank Q1 Advances Up 16%, Deposits Up 14.4% & CASA Up 5.6% YoY

 

  • HSBC India Jun manufacturing PMI 58.3 vs 57.5 in May

 

Source: Moneycontrol, Economic Times,  Indian Express, Business Today, Livemint, Business Standard

BOARD MEETINGS

Company Name Purpose Meeting Date Company Name Purpose Meeting Date
FEDDERELEC Increase in Authorised Capital;General 02-Jul-24 VMS Interim Dividend 03-Jul-24
MAGENTA Half Yearly Results 02-Jul-24 21STCENMGM A.G.M. 04-Jul-24
STANCAP General 02-Jul-24 BGRENERGY General 04-Jul-24
SUNDARAM General 02-Jul-24 ALEXANDER A.G.M. 05-Jul-24
SYSCHEM A.G.M.;Employees Stock Option Plan;General 02-Jul-24 CELLA General 05-Jul-24
TITANIN General 02-Jul-24 EMERALD Quarterly Results 05-Jul-24
VIKASWSP Audited Results 02-Jul-24 MODULEX Audited Results 05-Jul-24
ACFL Increase in Authorised Capital;Issue Of Warrants 03-Jul-24 NAGPI Audited Results;General 05-Jul-24
ACML A.G.M.;General 03-Jul-24 RPEL A.G.M.;General 05-Jul-24
AVL A.G.M.;General;Stock  Split 03-Jul-24 ABIRAFN A.G.M.;Final Dividend;General 06-Jul-24
CASPIAN Bonus issue 03-Jul-24 ASTALLTD A.G.M.;Issue Of Warrants 06-Jul-24
DHRUV General;Preferential Issue of shares 03-Jul-24 ECOBOAR A.G.M.;General 06-Jul-24
MARKOLINES General 03-Jul-24 GMPL A.G.M.;General 06-Jul-24
SUNCLAY General 03-Jul-24 GARMNTMNTR Bonus issue;Increase in Authorised Capital 08-Jul-24
TINNATFL Preferential Issue of shares 03-Jul-24 KHOOBSURAT General;Quarterly Results 08-Jul-24
UNIAUTO A.G.M.;General 03-Jul-24 NESTLEIND Interim Dividend 08-Jul-24

CORPORATE ACTION

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BAJAJCON 02-Jul-24 Buy Back of Shares 3MINDIA 05-Jul-24 Special Dividend – Rs. – 525.0000
EPIGRAL 02-Jul-24 Final Dividend – Rs. – 5.0000 ALLSEC 05-Jul-24 Final Dividend – Rs. – 15.0000
OIL 02-Jul-24 Bonus issue 1:2 APOLLOTYRE 05-Jul-24 Final Dividend – Rs. – 6.0000
QUESTCAP 02-Jul-24 Final Dividend – Rs. – 2.5000 ARTEMISMED 05-Jul-24 Final Dividend – Rs. – 0.4500
SWASTIKA 02-Jul-24 Final Dividend – Rs. – 2.0000 ASTRAZEN 05-Jul-24 Final Dividend – Rs. – 24.0000
DALMIASUG 03-Jul-24 Final Dividend – Rs. – 1.2500 BALKRISIND 05-Jul-24 Final Dividend – Rs. – 4.0000
GPTINFRA 03-Jul-24 Bonus issue 1:1 BHARATFORG 05-Jul-24 Final Dividend – Rs. – 6.5000
JYOTHYLAB 03-Jul-24 Final Dividend – Rs. – 3.5000 BIOCON 05-Jul-24 Final Dividend – Rs. – 0.5000
WORTH 03-Jul-24 Split From Rs.10/- to Rs.1/- DJML 05-Jul-24 Final Dividend – Rs. – 0.2000
BALAMINES 04-Jul-24 Final Dividend – Rs. – 11.0000 DUTRON 05-Jul-24 Final Dividend – Rs. – 1.5000
ECLERX 04-Jul-24 Buy Back of Shares ESCORTS 05-Jul-24 Final Dividend – Rs. – 18.0000
SKFINDIA 04-Jul-24 Final Dividend – Rs. – 130.0000 FUTSOL 05-Jul-24 Final Dividend – Rs. – 1.0000
SOLARINDS 04-Jul-24 Final Dividend – Rs. – 8.5000 INVENTURE 05-Jul-24 Right Issue of Equity Shares
TATAPOWER 04-Jul-24 Final Dividend – Rs. – 2.0000 M&M 05-Jul-24 Final Dividend – Rs. – 21.1000
TIDEWATER 04-Jul-24 Final Dividend – Rs. – 20.0000 MLKFOOD 05-Jul-24 Interim Dividend – Rs. – 2.5000
3MINDIA 05-Jul-24 Final Dividend – Rs. – 160.0000 NAVINFLUOR 05-Jul-24 Final Dividend – Rs. – 7.0000

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