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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