Today, the NIFTY opened at 17349.25 without much of a gap. The index initially moved down and goes below 17300. Prices have found support around 17250 and recorded their intraday low at 17225.85. The index consolidated around 17250 for three hours and then breaks on the upside. A sharp rally came which took prices above 17400 and the index recorded its intraday high at 17407.50. The NIFTY finally dosed at 17388.15 near its day high with a gain of 42.70 points or 0.25% up. IT outperformed today and dosed with a gain of 1.35%. PHARMA and REAL1Y underperformed today and ended with a loss of over half percent. BANK, FINANCIAL, and OIL GAS ended with minor changes. We have identified a resistance zone inside 17300 -17400. The index is moving within this zone for the past three trading days, finding it difficult to cross above and locked itself in a narrow range. A breakout from this range may give us a directional move. We should take a trade in the direction of a breakout. The long-term trend is up while the long-term momentum has been moving within the strength zone for the past few trading days. The Intermediate trend is up while the intermediate momentum has reached within the strength zone last week. The trend and momentums have aligned on the upside, suggesting higher levels are ahead.
Today, the BANK NIFTY opened at 37954.55 with a gap of 78 points. The index recorded its intraday high at 38068.60, moved down, fill the gap, and fall further on the downside. Prices have found support around 37700, consolidated there, and bounced up after recording their intraday low at 37692.95. The index rammed erases all the losses, and came dose to its opening tick. Prices have finally closed at 37999.70 with a gain of 123 points. PSU and PVT BANKS both indices have moved down and closed with a loss of 0.53% & 0.16% respectively. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while KOTAK BANK contributed the lowest. The index continued dosing higher for six straight sessions. The short-term trend is up as prices are making a bullish pattern of higher highs and higher lows. We have mentioned resistance may appear around 38000 and the index is trading almost at its resistance level and finding it difficult to cross above for the past three trading days. Fresh trade should emerge either after a dip or if the index consolidates for a few trading days and formed a narrow trading range.
|DR REDDY||4096||BUY||After correcting from the recent top the stock today witnessed sharp buying from the demand zone. One should buy @CMP for the target of 4174.35 with SL of 4041.|
|JSW STEEL||652||SELL||Short term trend of the stock is up but now it showing some selling pressure after a sharp upside rally. One should sell @CMP for the target of 638 with SL of 661.20.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|JSW STEEL (PE)||640||BUY||14.80||CMP||11||21||PULL BACK|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|NAM-INDIA.22.08 Aug||301.25||4.67||18.07||2603200||INDUSTOWER.22.08 Aug||206.45||-6.14||33.46||17368400|
|BSOFT.22.08 Aug||346.55||3.23||9.26||4894500||BALRAMCHIN.22.08 Aug||381.7||-5.18||8.84||8000000|
|PERSISTENT.22.08 Aug||3730||2.68||2.78||660750||SIEMENS.22.08 Aug||2617.05||-4.9||13.4||2316325|
|ATUL.22.08 Aug||9420||2.39||13.07||113550||IDEA.22.08 Aug||9.1||-4.21||2.48||570850000|
|TECHM.22.08 Aug||1060.1||2.24||0.77||22448400||BHARATFORG.22.08 Aug||725.15||-3.86||10.58||6983000|
|Short Covering||Long Unwinding|
|CHOLAFIN.22.08 Aug||759.4||1.41||-0.48||7716250||CONCOR.22.08 Aug||697.3||-4.24||-1.76||3744000|
|ADANIENT.22.08 Aug||2722||1.18||-0.34||19708000||MFSL.22.08 Aug||827.1||-2.88||-3.04||1553500|
|RELIANCE.22.08 Aug||2605||0.87||-0.01||27579250||IPCALAB.22.08 Aug||973.35||-2.06||-1.4||776750|
|NIFTY.22.08 Aug||17424||0.45||-3.39||9994900||VOLTAS.22.08 Aug||983.6||-1.94||-5.78||3988500|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Power Grid Corporation o||223.6||0.45||9304529||0||70.97||Nifty50||17388.15||0.25||80508|
|Hdfc Bank Ltd.||1433.6||0.23||5487749||0||69.37||Niftybank||37989.25||-0.09||80508|
|Coromandel International||1032.8||-1.09||472640||0||66.56||Nifty it||29416.95||1.35||80508|
|Ambuja Cements Ltd||381.75||0.82||4871595||0||65.33||India Vix||18.45||-0.43||80508|
|United Breweries Limited||1577.9||-1.86||281088||0||64.63||Nifty Fmcg||42624.15||-0.41||80508|
|Icici Lombard General In||1229.55||-0.99||285116||0||62.33||Nifty Pharma||12682||-0.77||80508|
|Icici Bank Ltd.||824.8||0.86||11073975||0||62.19||Nifty Realty||441.6||-0.76||80508|
|Navin Fluorine Internati||4255.65||-0.7||219114||0||61.62||Nifty Auto||12919.4||-0.8||80508|
|Mah & Mah Ltd.||1253.7||-0.06||3820503||0||61.55||Nifty Metal||5553.15||-0.19||80508|
|Hdfc Life Insurance Comp||535.35||-0.58||4152018||0||61.34||Nifty Financial Services||17551.7||0.07||80508|
UPCOMING ECONOMIC DATA
|INR: RBI Interest Rate Decision on 5th August, 2022||•USD: Initial Jobless Claims on 4th August, 2022
•USD: Trade Balance (Jun) on 4th August, 2022
Vodafone Idea (Vi) net loss has remained flat year-on-year (YoY) at Rs 7,296 crore in Q1 of FY23 despite 13.7 per cent growth in revenue. In the same period last year, the company had posted a net loss of Rs 7,319 crore. However, on a sequential basis, the net loss widened by 10.6 per cent. In the fourth quarter of FY22, Vi had posted a net loss of Rs 6,563 crore.
Multiplex chain operator Inox Leisure Ltd on Wednesday reported a consolidated net profit of Rs 57.09 crore for the quarter ended June, led by rising footfalls at cinema halls. The company had posted a net loss of Rs 122.28 crore in the April-June period a year ago, said Inox Leisure in a BSE filing.
Recently-listed Life Insurance Corporation (LIC) has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places. The nation’s biggest life insurer with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list. Reliance Industries jumped 51 places to 104 on the 2022 list.
Leading stock exchange BSE on Wednesday reported a 23 per cent decline in net profit to Rs 40 crore for three months ended June 2022. In comparison, the exchange had posted a net profit of Rs 51.9 crore in the year-ago period, BSE said in a statement. Total revenues grew by 6.4 per cent to Rs 197.7 crores for the period under review from Rs 185.7 crore in the corresponding quarter previous year.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|AARTISURF||Quarterly Results||04-Aug-22||CHENFERRO||Quarterly Results||04-Aug-22|
|ADANIENT||General;Quarterly Results||04-Aug-22||CHOICEIN||A.G.M.;Bonus issue;ESOP;Results||04-Aug-22|
|AMJLAND||Quarterly Results||04-Aug-22||COARO||Quarterly Results||04-Aug-22|
|APLLTD||Interim Dividend;Quarterly Results||04-Aug-22||COCHINM||Quarterly Results||04-Aug-22|
|APTECHT||Quarterly Results||04-Aug-22||COLORCHIPS||Quarterly Results||04-Aug-22|
|ASAHISONG||Quarterly Results||04-Aug-22||CONCOR||Interim Dividend;General;Quarterly Results||04-Aug-22|
|ATGL||Quarterly Results||04-Aug-22||DABUR||Quarterly Results||04-Aug-22|
|AVADHSUGAR||Quarterly Results||04-Aug-22||DALBHARAT||Quarterly Results||04-Aug-22|
|BALGOPAL||Quarterly Results||04-Aug-22||DRAGARWQ||Quarterly Results||04-Aug-22|
|BALKRISIND||Interim Dividend;Quarterly Results||04-Aug-22||EDELWEISS||Quarterly Results||04-Aug-22|
|BALRAMCHIN||Quarterly Results||04-Aug-22||ELLORATRAD||Rights Issue||04-Aug-22|
|BASANTGL||Quarterly Results||04-Aug-22||EXCEL||General;Stock Split||04-Aug-22|
|BAYERCROP||Quarterly Results||04-Aug-22||FAZE3Q||Quarterly Results||04-Aug-22|
|BEL||Bonus issue||04-Aug-22||FDC||General;Quarterly Results||04-Aug-22|
|BEML||Quarterly Results||04-Aug-22||FEDDERELEC||Audited Results;Quarterly Results||04-Aug-22|
|BERGEPAINT||Quarterly Results||04-Aug-22||FERVENTSYN||Quarterly Results||04-Aug-22|
|BHARAT||Quarterly Results||04-Aug-22||GABRIEL||Quarterly Results||04-Aug-22|
|BHARTIA||General;Quarterly Results||04-Aug-22||GAIL||Quarterly Results||04-Aug-22|
|BHEL||Quarterly Results||04-Aug-22||GANECOS||Quarterly Results||04-Aug-22|
|BLUESTARCO||Quarterly Results||04-Aug-22||GANESHBE||Quarterly Results||04-Aug-22|
|BRITANNIA||Quarterly Results||04-Aug-22||GAYATRI||Quarterly Results||04-Aug-22|
|BRPL||A.G.M.;General;Quarterly Results||04-Aug-22||GIPCL||Quarterly Results||04-Aug-22|
|BSELINFRA||General;Quarterly Results||04-Aug-22||GITARENEW||Quarterly Results||04-Aug-22|
|CERA||General;Quarterly Results||04-Aug-22||GMM||General;Preferential Issue of shares||04-Aug-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|7TEC||04-Aug-22||Interim Dividend – Rs. – 1.00||KOPRAN||04-Aug-22||Final Dividend – Rs. – 3.00|
|ADFFOODS||04-Aug-22||Final Dividend – Rs. – 4.00||KPT||04-Aug-22||Final Dividend – Rs. – 1.00|
|AKCAPIT||04-Aug-22||Final Dividend – Rs. – 3.00||LLOYDSME||04-Aug-22||Final Dividend – Rs. – 0.50|
|ALFREDHE||04-Aug-22||Dividend – Rs. – 3.00||LLOYDSTEEL||04-Aug-22||Final Dividend – Rs. – 0.0500|
|AMJLAND||04-Aug-22||Dividend – Rs. – 0.20||MATRIMONY||04-Aug-22||Final Dividend – Rs. – 5.00|
|ANDHRAPAP||04-Aug-22||Final Dividend – Rs. – 7.50||MERMETL||04-Aug-22||Right Issue of Equity Shares|
|APARINDS||04-Aug-22||Dividend – Rs. – 15.00||MINDTECK||04-Aug-22||Dividend – Rs. – 1.00|
|AVANTI||04-Aug-22||Dividend – Rs. – 6.2500||PDMJEPAPER||04-Aug-22||Dividend – Rs. – 0.30|
|BATAINDIA||04-Aug-22||Dividend – Rs. – 4.00||PDMJEPAPER||04-Aug-22||Special Dividend – Rs. – 0.20|
|BATAINDIA||04-Aug-22||Special Dividend – Rs. – 50.50||RESONANCE||04-Aug-22||Dividend – Rs. – 1.00|
|BAYERCROP||04-Aug-22||Final Dividend – Rs. – 25.00||RITES||04-Aug-22||Interim Dividend – Rs. – 4.00|
|BHAGCHEM||04-Aug-22||Final Dividend – Rs. – 2.00||SHETR||04-Aug-22||Interim Dividend – Rs. – 0.50|
|CHEVIOT||04-Aug-22||Final Dividend – Rs. – 60.00||SYMPHONY||04-Aug-22||Interim Dividend – Rs. – 2.00|
|CRISIL||04-Aug-22||Interim Dividend – Rs. – 8.00||UNIPHOS||04-Aug-22||Dividend – Rs. – 5.6500|
|DELTACORP||04-Aug-22||Final Dividend – Rs. – 1.2500||VICTMILL||04-Aug-22||Final Dividend – Rs. – 50.00|
|ELGIEQUIP||04-Aug-22||Final Dividend – Rs. – 1.1500||VOITHPAPR||04-Aug-22||Dividend – Rs. – 6.00|
|FERMENTA||04-Aug-22||Final Dividend – Rs. – 1.2500||VOLTAMP||04-Aug-22||Final Dividend – Rs. – 35.00|
|GUJHOTE||04-Aug-22||Final Dividend – Rs. – 2.00||ASRL||05-Aug-22||Right Issue of Equity Shares|
|JKLAKSHMI||04-Aug-22||Final Dividend – Rs. – 5.00||CENTENKA||05-Aug-22||Dividend – Rs. – 10.00|
|KOLTEPATIL||04-Aug-22||Final Dividend – Rs. – 2.00||KCLINFRA||05-Aug-22||Right Issue of Equity Shares|
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