Nifty opened at 15818.20 without much of a gap. Prices initially moved up but soon faces resistance and then turned down. The decline quickly finds support and bounced up. The index recorded its intraday low at 15800.90 and then started moving higher. The rally continued till afternoon with minor dips in between. A sharp dip came around 01:00 PM for about one and half hours. The index again finds support and resumes its up move to record its intraday high at 16011.35. Prices have finally closed at 15989.80 with a gain of 178.95 points or 1.13% up. All the sectoral indices have ended in the green today except OIL GAS which ended with minor loss. REALTY,FMCG and AUTO led the bulls today and ended with a gain of more than 2%.
Today prices have ended almost around 16000. Tomorrow is the weekly expiry so we may see some volatility. If the index crosses above 16000 tomorrow then we should wait for a confirmation. A narrow trading range on the daily timeframe chart in the NIFTY Index indicates a sharp move is about to come. However, the direction is not very clear yet. We should wait for one or two days and then we will plan our trade accordingly.
Bank Nifty opened at 33929.40 with a gap up of 160 points. The index finds support quickly and again bounced up. The rally continued for almost the whole day and in this process, the index recorded its intraday low at 33876.15 and intraday high at 34388.50.The index finally closed at 34355.55 with a gain of 586 points. PVT and PSU BANKS both indices have seen sharp intraday rallies today and closed higher by 1.42% & 1.06% respectively. Within the index, in terms of
points, HDFC BANK contributed the highest on the upside followed by KOTAK BANK.
The index is now reaching near its resistance around the 34500 – 34600 range. The short term trend is still sideways. It will be up on a close above 34600.
|ADANIENT||2272||BUY||The stock is on the verge of giving the breakout on the intraday as well as the daily chart. The stock can be buy with a stop loss of 2255 and for the target of 2320.|
|DR REDDY||4390||SELL||The immediate trend of the script is bearish. There is a negative cross over of moving averages as well as of the indicators therefore it can be sell below 4385 with a stop loss of 4430 and target of 4300.|
|Stock Name||Strike Price||Buy/Sell||CMP||Initiation||Stop Loss||Target||Remarks|
|DEEPAKNTR||1750 CE||BUY||70.90||CMP||55||100||OI Increase|
|Long Buildup||Short Buildup|
|Stocks||Price||Price%||OI %||OI||Stocks||Price||Price%||OI %||OI|
|PFC.22.07 Jul||107.3||0||2.92||31062000||ONGC.22.07 Jul||121.4||-4.18||10.28||86902200|
|SYNGENE.22.07 Jul||550.65||0||2.75||935000||BALRAMCHIN.22.07 Jul||349.8||-3.48||10||6705600|
|LT.22.07 Jul||1544.3||0.02||8.48||10452600||NMDC.22.07 Jul||107.1||-1.43||5.87||56079000|
|RAIN.22.07 Jul||152.8||0.03||1.44||7385000||IOC.22.07 Jul||72.95||-0.95||12.04||65705250|
|PVR.22.07 Jul||1884.5||0.04||3.07||2023604||COALINDIA.22.07 Jul||181||-0.9||6.33||32827200|
|Short Covering||Long Unwinding|
|TATAPOWER.22.07 Jul||214.5||0.52||-0.2||80200125||NTPC.22.07 Jul||139.15||-1.52||-0.2||69682500|
|FEDERALBNK.22.07 Jul||93.7||0.7||-1.16||70070000||POWERGRID.22.07 Jul||211.85||-1.12||-0.54||55269000|
Top Delivery Percentage
|Stocks||Price||%Chg||Total Qty||Delivery||Del %||% Change|
|Ipca Laboratories Ltd.||944.05||1.72||378393||0||75.46||Nifty50||15989.8||1.13||77082|
|Oracle Fin Serv Soft Ltd||3095||1.43||46283||0||69.88||Niftybank||34324.25||1.5||77082|
|Gujarat State Petronet l||227.2||0.33||1123636||0||69.68||Nifty it||28007.6||1.13||77082|
|Ambuja Cements Ltd||368.25||0.44||2209031||0||69.41||India Vix||20.27||-2.5||77082|
|Infosys Limited||1491.65||1.06||5209162||0||69.18||Nifty Fmcg||40740.15||2.64||77082|
|Honeywell Auto India Ltd||34787.95||5.47||8072||0||68.48||Nifty Pharma||12331.15||0.8||77082|
|Ultratech Cement Limited||5828.05||1.71||371948||0||67.03||Nifty Realty||400.75||2.27||77082|
|Icici Bank Ltd.||725.95||0.9||12163533||0||67.01||Nifty Auto||11952.2||2.6||77079|
|Kotak Mahindra Bank Limi||1704.5||2.49||5572949||0||66.56||Nifty Metal||4665.3||0.03||77079|
|Hindustan Unilever Ltd||2498.4||4.03||4770394||0||65.58||Nifty Financial Services||15980.25||1.6||77088|
UPCOMING ECONOMIC DATA
|INR: FX Reserves, USD on 8th July, 2022||•USD: Initial Jobless Claims on 7st July, 2022
•USD: Crude Oil Inventories on 7th July, 2022
Realty firm Macrotech Developers on Wednesday reported a nearly three-fold jump annually in its sales bookings at Rs 2,814 crore in the April-June quarter of this fiscal on strong demand for its residential properties. Macrotech Developers sells its properties under Lodha brand. It has a major presence in Mumbai Metropolitan Region (MMR) and Pune market. The company has recently forayed into Bengaluru.
Reliance Retail Limited has entered a long-term partnership with Gap Inc. to bring iconic American fashion brand Gap to India. Through the long-term franchise agreement, Reliance Retail has become the official retailer for Gap across all channels in India. Reliance Retail will introduce Gap’s latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms.
State-owned Punjab National Bank (PNB) has put up for sale the account of loss-making Burnpur Cement of West Bengal and has invited bids from Asset Reconstruction Companies (ARCs) to recover loan outstanding of over Rs 50 crore. Placing the Non-Performing Account (NPA) on sale, PNB said the company owes Rs 50.18 crore as loan. The lender has put the reserve price for the sale of the account to ARCs/permitted transferees at Rs 20 crore.
The board of state-owned Power Grid Corporation of India Ltd (PGCIL) on Wednesday approved two proposals to raise up to Rs 11,000 crore through the issuance of bonds and term loans. The proposals to raise Rs 11,000 crore have been approved in a meeting of the board of directors on Wednesday, July 6, 2022, a BSE filing said.
Source: Economic Times, Indian Express ,Business Today, Livemint, Business Standard, Bloomberg Quint
|Company Name||Purpose||Ex-Date||Company Name||Purpose||Ex-Date|
|GGAUTO||Quarterly Results||07-Jul-22||SKC||Audited Results||07-Jul-22|
|MYSPAPE||Quarterly Results||07-Jul-22||ALFAVIO||General;Stock Split||08-Jul-22|
|Company Name||Ex-Date||Purpose||Company Name||Ex-Date||Purpose|
|ASTRAZEN||07-Jul-22||Final Dividend – Rs. – 8.00||MAYURUNIQ||07-Jul-22||Final Dividend – Rs. – 2.00|
|AXISBANK||07-Jul-22||Final Dividend – Rs. – 1.00||MINDAIND||07-Jul-22||Final Dividend – Rs. – 1.00|
|BANKINDIA||07-Jul-22||Final Dividend – Rs. – 2.00||MINDAIND||07-Jul-22||Bonus issue 1:1|
|CROMPTON||07-Jul-22||Final Dividend – Rs. – 2.50||NAVINFLUOR||07-Jul-22||Final Dividend – Rs. – 6.00|
|DCMSHRIRAM||07-Jul-22||Dividend – Rs. – 4.90||NILKAMAL||07-Jul-22||Final Dividend – Rs. – 15.00|
|GLAXO||07-Jul-22||Special Dividend – Rs. – 60.00||OBEROIRLTY||07-Jul-22||Final Dividend – Rs. – 3.00|
|GLAXO||07-Jul-22||Dividend – Rs. – 30.00||ROSSARI||07-Jul-22||Final Dividend – Rs. – 0.50|
|GRNLAMIND||07-Jul-22||Final Dividend – Rs. – 1.20||SOLIMAC||07-Jul-22||Final Dividend – Rs. – 1.20|
|HITECHCORP||07-Jul-22||Dividend – Rs. – 1.00||STARHFL||07-Jul-22||Final Dividend – Rs. – 0.20|
|INDIANCARD||07-Jul-22||Interim Dividend – Rs. – 25.00||VISHNU||07-Jul-22||Final Dividend – Rs. – 2.00|
|JMFINANCIL||07-Jul-22||Final Dividend – Rs. – 1.1500||ZFCVINDIA||07-Jul-22||Dividend – Rs. – 12.00|
|LTTS||07-Jul-22||Final Dividend – Rs. – 15.00||INGERRAND||08-Jul-22||Dividend – Rs. – 20.00|
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