The NIFTY opened at 19405.95 with a gap up of just 16 points. The index made an attempt to rise but failed to hold onto the higher levels and moved down. Prices could not go down much and found repeated intraday support around 19350. The index then formed a consolidation and moved sideways. Prices have seen a sharp rally in the last 30 minutes of trading. The NIFTY recorded its intraday low at 19339.60, intraday high at 18421.60, and finally closed at 19398.50 near its opening tick as well as yesterday’s closing price with a gain of just 9.50 points or 0.04% up. AUTO, FMCG, and MEDIA led the bulls today and closed with a gain of over 1% followed by OIL GAS and PHARMA BANK and FINANCIAL underperformed today and ended with a loss. The short-term trend is up and there is no doubt about it as the index is trading near its swing highs. However, the last two days have formed a pattern called DOJI which means indecision. Support is now visible around 18900 which is also the breakout point of a trading range. There is no visible resistance. Intraday traders should look for buying only on dips and consolidation breakouts.


The BANK NIFTY opened at 45169.70 with a gap down of 114 points. The index initially moved higher, filled the gap, and then rallied further to record its intraday high at 45418.90. Prices have drifted down from there, saw a mild decline, and recorded its intraday low at 45073.40. Prices have seen some recovery in the last 30 minutes of trading and finally closed at 45197.30 with a loss of 86 points. PSU BANK again outperformed today, saw a sharp upside move, and closed with a gain of 1.03% PVT BANK has moved sideways today and ended without much of a change. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The short-term trend is up. However, prices are making a pattern of DOJI for the last two days and also made a pattern of Inside Day. All these patterns are a sign of indecision amongst the traders which should resolve soon one way or the other.


HDFC LIFE 673.60 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 676.15 with a stop loss of 667.50 and a target of 693.55.
AB CAPITAL 188.85 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 187.70 with a stop loss of 189.65 and a target of 184.00.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
BHEL.23.07 Jul 93.45 6.86 17.05 116707500 DIXON.23.07 Jul 4223.9 -3.58 19.37 905800
MOTHERSON.23.07 Jul 90.85 6.57 8.75 68486600 HDFCBANK.23.07 Jul 1677.45 -3.08 7.76 85093800
BAJAJ-AUTO.23.07 Jul 4928.05 5.86 9.6 2853750 HDFC.23.07 Jul 2800 -3.05 6.66 17379600
DIVISLAB.23.07 Jul 3763.9 5.53 5.53 2939200 ASTRAL.23.07 Jul 1883.95 -2.43 7.91 2473580
COLPAL.23.07 Jul 1803.75 4.9 26.7 3443300 BANDHANBNK.23.07 Jul 227.2 -2.24 13.02 51375000
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
IBULHSGFIN.23.07 Jul 131.7 3.86 -2.26 53356200 CANFINHOME.23.07 Jul 771.35 -3.56 -2.96 3033225
IDFCFIRSTB.23.07 Jul 80.6 2.22 -5.25 165840000 MPHASIS.23.07 Jul 1883.85 -2.26 -2.03 2886125
MCX.23.07 Jul 1520.6 2.12 -15.78 1855200 ABCAPITAL.23.07 Jul 190.45 -2.16 -0.32 25531200
CUB.23.07 Jul 130.65 2.03 -1.77 32510000 IDEA.23.07 Jul 7.45 -1.32 -2.3 621920000
IGL.23.07 Jul 487.95 1.68 -3.1 7785250 SUNTV.23.07 Jul 446.15 -0.36 -0.32 8526000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Voltas Ltd. 766.65 1 1411230 1614626 79.21 Nifty50 19398.5 0.05 98091
Larsen & Toubro Limited 2470.8 0.36 1191896 1054452 73.15 Niftybank 45151.8 -0.33 98031
Power Grid Corporation o 253.25 1.46 4005681 4723087 72.9 Nifty it 29841.85 0.38 98031
Pidilite Industries Ltd 2608.85 1.49 543932 314735 71.76 India Vix 11.88 1.56 103572
Crompton Greaves Consume 285.85 -0.31 1308688 2302413 69.53 Nifty Fmcg 53776.2 1.82 98031
The Ramco Cements 940.85 0.51 218648 308785 69.17 Nifty Pharma 13772 0.71 98031
Srf Ltd. 2224.65 -2.19 813062 395159 68.93 Nifty Realty 525.9 0.56 98031
Glenmark Pharma Ltd 664 2.21 1275242 751998 68.77 Nifty Auto 15281.9 1.64 98031
Ntpc Limited 193.4 -0.33 6558910 9013503 67.98 Nifty Metal 6292.3 0.27 98031
Jublfood 493.55 -1.27 3151284 2962524 67.73 Nifty Financial Services 20246.2 -0.82 98031


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 7th July, 2023

INR: CPI (YoY) (Jun) on 12th July, 2023

USD: ADP Nonfarm Employment Change (Jun) on 6th July, 2023

USD: Initial Jobless Claims on 6th July, 2023


  • Indian benchmark indices ended flat in the volatile session on July 5. At close, the Sensex was down 33.01 points or 0.05% at 65,446.04, and the Nifty was up 9.50 points or 0.05% at 19,398.50. About 1929 shares advanced, 1481 shares declined, and 119 shares unchanged.

  • Maruti Suzuki rolls out Invicto MPV with introductory price of Rs 24.79 lakh, ex-showroom. The badged engineered version of the Toyota Innova Hycross will be retailed across 600 Nexa retail outlets. Bookings for this model kicked off on June 19.

  • ITC share price gained over 2.5 percent on July 5 and hit a fresh 52-week high as sources told CNBC-TV18 that the process for demerging the hotel business is underway.

  • Senco Gold has received good response from investors, especially retail and high net-worth individuals, with 2.3 times subscription through bids for 2.16 crore equity shares against an IPO size of 94.18 lakh on July 5, the second day of bidding.

Source: Economic Times,  Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ADANIGREEN Preferential Issue of shares 06-Jul-23 SHARPLINE Preferential Issue of shares 07-Jul-23
APIL A.G.M. 06-Jul-23 SUZLON General 07-Jul-23
CRSTCHM A.G.M. 06-Jul-23 VUENOW Preferential Issue of shares 07-Jul-23
GMBREW Quarterly Results 06-Jul-23 WANBURY Audited Results 07-Jul-23
INFLAME Issue Of Warrants;Preferential Issue of shares;General 06-Jul-23 BAMPSL General 08-Jul-23
ORCHASP General 06-Jul-23 BLSINFOTE General 08-Jul-23
SMLT General 06-Jul-23 EMERALD Quarterly Results 08-Jul-23
TVVISION Preferential Issue of shares 06-Jul-23 GGL Quarterly Results 08-Jul-23
AVONMERC General 07-Jul-23 GGPL Quarterly Results;General 08-Jul-23
CEINSYSTECH General 07-Jul-23 RAYALEMA General 08-Jul-23
COMPUAGE Quarterly Results;General 07-Jul-23 SDBL Issue Of Warrants;Preferential Issue of shares;General 08-Jul-23
HCKKVENTURE Quarterly Results 07-Jul-23 SMGOLD Quarterly Results 08-Jul-23
INDOUS Bonus issue;General;Increase in Authorised Capital 07-Jul-23 UHZAVERI Quarterly Results 08-Jul-23
INDXTRA A.G.M.;Stock  Split;General 07-Jul-23 VIVIDM Quarterly Results;General 08-Jul-23
INFRATRUST General 07-Jul-23 VSL Quarterly Results;General 08-Jul-23
IOC Right Issue of Equity Shares 07-Jul-23 RAILTEL Final Dividend 09-Jul-23
NAVKAR A.G.M.;General 07-Jul-23 ATHARVENT Quarterly Results;General 10-Jul-23
ORISSAMINE Audited Results 07-Jul-23 DBL General 10-Jul-23
RESPONSINF Quarterly Results 07-Jul-23 DPL Audited Results 10-Jul-23
ROSEMER Issue Of Warrants;General 07-Jul-23 EIMCOELECO Quarterly Results 10-Jul-23
SEACOAST General 07-Jul-23 ESCORTSFIN Quarterly Results 10-Jul-23
SHAHALLOYS General 07-Jul-23 INDITALIA General 10-Jul-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ELEMARB 06-Jul-23 Final Dividend – Rs. – 3.3000 MUFIN 07-Jul-23 Bonus issue 2:1
IDBI 06-Jul-23 Dividend – Rs. – 1.0000 NAVINFLUOR 07-Jul-23 Final Dividend – Rs. – 7.0000
KPIL 06-Jul-23 Final Dividend – Rs. – 7.0000 NH 07-Jul-23 Final Dividend – Rs. – 2.5000
YASHO 06-Jul-23 Dividend – Rs. – 0.5000 NUCLEUS 07-Jul-23 Final Dividend – Rs. – 10.0000
ACC 07-Jul-23 Dividend – Rs. – 9.2500 PRESSMN 07-Jul-23 Final Dividend – Rs. – 1.0000
ADANIENT 07-Jul-23 Dividend – Rs. – 1.2000 REDINGTON 07-Jul-23 Final Dividend – Rs. – 7.2000
ALFREDHE 07-Jul-23 Final Dividend – Rs. – 3.5000 ROTO 07-Jul-23 Bonus issue 1:1
AMBUJACEM 07-Jul-23 Final Dividend – Rs. – 2.5000 ROTO 07-Jul-23 Final Dividend – Rs. – 3.1500
ASHOKLEY 07-Jul-23 Final Dividend – Rs. – 2.6000 RPEL 07-Jul-23 Final Dividend – Rs. – 1.0000
AXISBANK 07-Jul-23 Final Dividend – Rs. – 1.0000 SAH 07-Jul-23 Final Dividend – Rs. – 0.5000
BHARATFORG 07-Jul-23 Final Dividend – Rs. – 5.5000 SINCLAIR 07-Jul-23 Final Dividend – Rs. – 1.5000
BIOCON 07-Jul-23 Final Dividend – Rs. – 1.5000 SWARAJENG 07-Jul-23 Final Dividend – Rs. – 92.0000
CARERATING 07-Jul-23 Special Dividend – Rs. – 8.0000 ZFCVINDIA 07-Jul-23 Final Dividend – Rs. – 13.0000
CARERATING 07-Jul-23 Final Dividend – Rs. – 7.0000 LTIM 10-Jul-23 Final Dividend – Rs. – 40.0000
CORALFINAC 07-Jul-23 Final Dividend – Rs. – 0.3000 ONWARDTEC 10-Jul-23 Final Dividend – Rs. – 3.0000
CROMPTON 07-Jul-23 Final Dividend – Rs. – 3.0000 BALKRISIND 11-Jul-23 Final Dividend – Rs. – 4.0000
DELTACORP 07-Jul-23 Final Dividend – Rs. – 1.2500 BHARATSE 11-Jul-23 Dividend – Rs. – 1.4000
EIKO 07-Jul-23 Right Issue of Equity Shares DRREDDY 11-Jul-23 Final Dividend – Rs. – 40.0000
HAPPSTMNDS 07-Jul-23 Final Dividend – Rs. – 3.4000 JSWSTEEL 11-Jul-23 Final Dividend – Rs. – 3.4000
JAYAGROGN 07-Jul-23 Final Dividend – Rs. – 5.0000 NEULANDLAB 11-Jul-23 Final Dividend – Rs. – 10.0000
LTTS 07-Jul-23 Final Dividend – Rs. – 30.0000 PECOS 11-Jul-23 Final Dividend – Rs. – 3.0000
MAWANASUG 07-Jul-23 Dividend – Rs. – 3.0000 PERSISTENT 11-Jul-23 Final Dividend – Rs. – 12.0000

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