Today, the NIFTY opened at 17463 with a gap of 75 points. The index initially moved sideways for about an hour and then broke on the downside after recording its intraday high at 17490.70. Prices have moved down, filled the gap, and then moved even more sharply between 11:00 AM to 11:45 AM and moved down below 17200. The index recorded its intraday low at 17161.25 and then bounced up. Prices have seen a modest rally afterward and recovered almost all the losses. The index finally closed at 17382 near yesterday’s closing price with a loss of just 6.15 points or 0.4% down. PHARMA outperformed today and dosed with a gain of 2.37% followed by IT and METAL which ended with a gain of more than 1%. REAL1Y underperformed today and ended with a loss of 1.14%. The index witnessed a steep decline in the first half of the session however, in the second half, it managed some recovery. The short-term trend is still up and the NIFTY is facing strong resistance around the 17300 – 17400 zone. Support should emerge around 17000. We should avoid trading the index as the RBI policy meet outcome is scheduled tomorrow so the volatility will be high.
Today, the BANK NIFTY opened at 38111.05 with a gap of 112 points. The index initially consolidated, record its intraday high at 38231.85, and then went down. Prices have filled the gap and then saw a sharp decline before lunch. The index recorded its intraday low at 37249.50 and then started moving higher. Prices have trimmed some losses and finally closed at 37687.95 with a loss of 312 points. PSU BANKS have seen a sharp intraday decline and dosed lower by 1.75%. PVT BANKS have also modern and dosed with a loss of 0.68%. Within the index, in terms of points, AU BANK contributed the highest on the upside while SBIN contributed the lowest. Again, it was a volatile day for the BANK Index, but the intraday range was wide by almost 1000 points and prices ended lower, breaking its six days of higher closing streak. The short-term trend is up as prices are making bullish patterns of higher highs and higher lows. However, the index is finding strong resistance around the 38000 level from the past few trading days. Tomorrow is a news event day as the outcome of MPC’s monetary policy meet is scheduled. The volatility may be high tomorrow as well. We should avoid trading the index tomorrow.
|DR REDDY||4147.95||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 4125 with SL of 4100.|
|MINDA CORP||652||SELL||Short term trend of the stock is up but now it showing some selling pressure after an upside rally. One should sell @CMP for the target of 224.20 with SL of 233.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|HDFC (CE)||2400||BUY||35||CMP||30||43||PULL BACK
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|ZYDUSLIFE.22.08 Aug||367||5.55||7.13||13012200||GUJGASLTD.22.08 Aug||434.65||-6.03||79.55||5750000|
|LUPIN.22.08 Aug||661.5||5.14||20.3||11067850||BALRAMCHIN.22.08 Aug||363.9||-4.76||6.72||7929600|
|INDIAMART.22.08 Aug||4509||4.67||14.42||296400||CANFINHOME.22.08 Aug||581.05||-3.46||7.45||2670525|
|IPCALAB.22.08 Aug||1023.35||4.59||12.51||853450||LICHSGFIN.22.08 Aug||371.9||-3.28||11.24||14494000|
|ASTRAL.22.08 Aug||1970.55||4.18||10.12||733425||IDEA.22.08 Aug||8.85||-3.28||1.4||5.73E+08|
|Short Covering||Long Unwinding|
|AUBANK.22.08 Aug||638.35||4.81||-9.44||6505000||NTPC.22.08 Aug||151.9||-3.31||-0.24||59713200|
|UBL.22.08 Aug||1617.6||2.6||-1.17||1153600||TATACOMM.22.08 Aug||1053.4||-2.2||-0.06||3153500|
|MARICO.22.08 Aug||534.5||2.12||-0.32||9398400||IEX.22.08 Aug||162.8||-1.99||-1.18||55698750|
|HONAUT.22.08 Aug||41037.1||1.94||-5.53||14595||PVR.22.08 Aug||2152||-1.97||-0.14||2649163|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|The Ramco Cements||735.95||1.32||371663||0||66.75||Niftybank||37755.55||-0.62||111627|
|Power Grid Corporation o||220.8||-1.25||7284201||0||71.35||Nifty it||29782.9||1.24||111627|
|Dalmia Bharat Limited||1561.85||0.94||391013||0||70.6||India Vix||19.26||4.38||111912|
|Marico Limited||531.55||2.13||1271045||0||69.65||Nifty Fmcg||42830.25||0.48||111627|
|Icici Bank Ltd.||820.25||-0.55||11113742||0||68.67||Nifty Pharma||12982.35||2.37||111627|
|Indian Oil Corp. Ltd.||71.2||0.28||25024630||0||68.64||Nifty Realty||436.55||-1.14||111627|
|The Ramco Cements||735.95||1.32||371663||0||66.75||Nifty Auto||12945.7||0.2||111627|
|Power Finance Corporatio||118.7||-0.63||1930889||0||64.19||Nifty Metal||5620.35||1.21||111627|
|Infosys Limited||1599.9||2.16||7402209||0||63.54||Nifty Media||2097.45||-0.89||111627|
|Abb Limited||2668.35||-0.12||303228||0||62.74||Nifty Financial Services||17472.05||-0.45||111627|
UPCOMING ECONOMIC DATA
|INR: RBI Interest Rate Decision on 5th August, 2022|| USD : Nonfarm Payrolls (Jul) 5th Aug, 2022
USD : Unemployment Rate (Jul) 5th Aug, 2022
Britannia Industries on Thursday said its consolidated net profit fell 13.24 per cent to Rs 335.74 crore in the April-June quarter of FY23 due to impact of inflationary headwinds. The company had posted a net profit of Rs 387.01 crore in the April-June quarter a year ago, Britannia Industries said in a BSE filing.
Adani Enterprises on Thursday signed an agreement with the Israel Innovation Authority (IIA), the public-funded agency overseeing that country’s innovation policy, for cooperation in technology.
Vehicle registrations in July dipped 8 per cent year-on-year as heavy rains in parts of the country dissuaded new purchases, said the Federation of Automobile Dealers Associations (FADA) on Thursday. Total registrations (in all segments of vehicles) in July dropped to 14, 36,927 units compared to 15, 59,106 units in the corresponding month last year.
Indian government bond yields dropped on Thursday, with the 10-year benchmark yield down nine basis points after a media report quoting unnamed banking sources said the Reserve Bank of India(RBI) might pause and be guided by data after Friday’s policy decision.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Meeting Date||Company Name||Purpose||Meeting Date|
|ABCAPITAL||Quarterly Results||05-Aug-21||CIPLA||Quarterly Results||05-Aug-21|
|ACCELYA||Audited Results;Final Dividend;General||05-Aug-21||DCMNVL||Quarterly Results||05-Aug-21|
|ACRYSIL||General;Quarterly Results||05-Aug-21||DELTA||General;Quarterly Results||05-Aug-21|
|ADANIPOWER||Quarterly Results||05-Aug-21||DENORA||Quarterly Results||05-Aug-21|
|ADMANUM||Quarterly Results||05-Aug-21||DNAMEDIA||Quarterly Results||05-Aug-21|
|ADORWELD||Quarterly Results||05-Aug-21||EDELWEISS||Quarterly Results||05-Aug-21|
|ALEXANDER||A.G.M.;Preferential Issue of shares;Quarterly Results||05-Aug-21||EIMCOELECO||Quarterly Results||05-Aug-21|
|ALICON||Quarterly Results||05-Aug-21||EKI||A.G.M.;Final Dividend||05-Aug-21|
|AMARNATH||General;Quarterly Results||05-Aug-21||ESCORTS||General;Quarterly Results||05-Aug-21|
|AMS||Quarterly Results||05-Aug-21||EVERESTO||A.G.M.;Quarterly Results||05-Aug-21|
|ANDHRAPET||Quarterly Results||05-Aug-21||GAIL||General;Quarterly Results||05-Aug-21|
|ARISINT||General;Quarterly Results||05-Aug-21||GAYATRIBI||Quarterly Results||05-Aug-21|
|ARTEMISMED||Quarterly Results;Stock Split||05-Aug-21||GTV||General||05-Aug-21|
|ARVIND||Quarterly Results||05-Aug-21||GUJARATPOLY||Quarterly Results||05-Aug-21|
|AUROLAB||Quarterly Results||05-Aug-21||GUJGAS||Quarterly Results||05-Aug-21|
|BAFNAPHARM||General;Quarterly Results||05-Aug-21||HIKAL||Quarterly Results||05-Aug-21|
|BAJAJCON||Quarterly Results||05-Aug-21||HINDMILL||Quarterly Results||05-Aug-21|
|BENTCOM||Quarterly Results||05-Aug-21||HONAUT||Quarterly Results||05-Aug-21|
|BIRLACORPN||Quarterly Results||05-Aug-21||IBULHSGFIN||Quarterly Results||05-Aug-21|
|BRIGADE||Quarterly Results||05-Aug-21||INVPRECQ||Quarterly Results||05-Aug-21|
|CAPPL||A.G.M.;Final Dividend;Quarterly Results||05-Aug-21||IPCALAB||Quarterly Results||05-Aug-21|
|CERA||Quarterly Results||05-Aug-21||ISHWATR||Quarterly Results||05-Aug-21|
|CINELINE||Issue Of Warrants;Quarterly Results||05-Aug-21||ITDCEM||Quarterly Results||05-Aug-21|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ASRL||05-Aug-22||Right Issue of Equity Shares||WSTCSTPAPR||08-Aug-22||Final Dividend Rs. 6|
|CENTENKA||05-Aug-22||Dividend – Rs. – 10||CUB||10-Aug-22||Dividend Rs.1|
|KCLINFRA||05-Aug-22||Right Issue of Equity Shares||DIVSHKT||10-Aug-22||Final Dividend Rs. 2|
|LALPATHLAB||05-Aug-22||Interim Dividend – Rs. – 6||GESHIP||10-Aug-22||Int. Dividend Rs.5.4|
|SANOFI||05-Aug-22||Special Dividend – Rs. – 193||KALYANIFRG||10-Aug-22||Final Dividend Rs.3|
|SNOWMAN||05-Aug-22||Interim Dividend – Rs. – 0.75||KEMP||10-Aug-22||Final Dividend Rs. 4|
|ALKEM||08-Aug-22||Final Dividend – Rs. – 4||NHPC||10-Aug-22||Final Dividend Rs.0.5|
|BEL||08-Aug-22||Final Dividend – Rs. – 1.5||NTPC||10-Aug-22||Final Dividend Rs.3|
|CASTROLIND||08-Aug-22||Interim Dividend – Rs. – 3||SANGHVIMOV||10-Aug-22||Dividend Rs.1|
|CHENNPETRO||08-Aug-22||Final Dividend – Rs. – 2||SANSERA||10-Aug-22||Dividend Rs.2|
|CIPLA||08-Aug-22||Dividend – Rs. – 5||SIL||10-Aug-22||Dividend Rs. 0.75|
|DBCORP||08-Aug-22||Interim Dividend – Rs. – 3||VAIBHAVGBL||10-Aug-22||Int. Dividend|
|GGENG||08-Aug-22||Right Issue of Equity Shares||ADVENZYMES||11-Aug-22||Final Dividend Rs.1|
|HIGHENE||08-Aug-22||Stock Split From Rs.10/- to Rs.2/-||AJMERA||11-Aug-22||Final Dividend Rs. 2.25|
|HONAUT||08-Aug-22||Dividend – Rs. – 90||ASTRAMICRO||11-Aug-22||Final Dividend Rs. 1.40|
|ICICIBANK||08-Aug-22||Final Dividend – Rs. – 5||BALKRISIND||11-Aug-22||Int. Dividend|
|KRITIIND||08-Aug-22||Final Dividend – Rs. – 0.20||BIRET||11-Aug-22||Income Dist. RITES|
|KRITINUT||08-Aug-22||Final Dividend – Rs. – 0.18||COALINDIA||11-Aug-22||Final Dividend Rs.3|
|RJSHAH||08-Aug-22||Dividend – Rs. – 2.5||DIVISLAB||11-Aug-22||Dividend Rs. 30|
|RUPA||08-Aug-22||Dividend – Rs. – 3||DIXON||11-Aug-22||Final Dividend Rs.2|
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