The NIFTY opened at 18908.15 in uncharted territory with a gap up of 91 points. The index initially consolidated and saw a minor dip but soon bounced up. Prices have recorded its intraday low at 18861.35 and saw a sharp intraday rally. The index moved above 19000, found resistance there, and then saw a minor dip after recording its intraday high at 19011.25.That dip again found support and prices have seen an up move towards the end. The index finally closed at 18972.10 near its day’s highs with a gain of154.70 points or 0.82% up. All the sectoral indices have closed with a gain today except MEDIA which ended with a loss of 0.67%. METAL and PHARMA led the bulls by ending more than 1% higher followed by OIL GAS and AUTO. We have been tracking a trading range inside 18650-18900 for the past 10 days. This range broke on the upside and gave us a pattern target around 19150.The short-term trend is up and we should look for buying only. It is possible that after two days of sharp gains, the index may consolidate or see a dip. That will give us a buying opportunity.


The BANK NIFTY opened at 44419.50 with a gap up of 255 points. The index initially moved lower, almost filled the gap, and then found support around yesterday’s highs. Prices have bounced up after recording its intraday low at 44163.20. The rally lasted for the rest of the day, prices recorded its intraday high at 44508.40 and finally closed at 44391.55 with a gain of 227 points. PVT BANK outperformed, saw a sharp upside move and closed with a gain of 0.48%. PSU BANK has also moved up today but closed with a gain of just 0.05%. Within the index, in terms of points, HDFC BANK contributed the highest on the upside while FEDERAL BANK contributed the lowest. It was again a volatile day where prices opened with a gap up and moved sharply in both directions. The short-term trend is sideways as the index is trading inside a narrow range for more than one and a half months.A trading range inside 43400-44500 remained intact. However, prices have made an attempt to break it but failed to do so. Since the index is now trading almost at the upper side of this range so we may see a breakout soon.


CONCOR 657.10 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 657.10 with a stop loss of 651.50 and a target of 671.50.
MARICO 523.00 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 520.95 with a stop loss of 524.45 and a target of 513.95.


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
DALBHARAT.23.07 Jul 2211.65 2.13 4.74 376000
FINNIFTY.23.07 Jul 19910.6 0.8 27.63 59120
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ADANIPORTS.23.07 Jul 754.7 4.95 -68.34 5182400 METROPOLIS.23.07 Jul 1459.95 -2.82 -68.2 124800
ADANIENT.23.07 Jul 2398.8 4.88 -76.33 845100 BANDHANBNK.23.07 Jul 233.6 -1.89 -54.21 5777500
PFC.23.07 Jul 217.2 4.78 -44.87 8258400 INDIAMART.23.07 Jul 2795.05 -1.81 -73.27 24300
PEL.23.07 Jul 946.9 4.12 -65.85 763500 MGL.23.07 Jul 1032.5 -1.37 -71.89 159200
INDIGO.23.07 Jul 2615.6 3.8 -59.16 274200 CUB.23.07 Jul 123.15 -1.32 -29.75 5690000


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Power Grid Corporation o 250.15 0.24 13356538 6423441 76.86 Nifty50 18972.1 0.82 43246713
Reliance Industries Ltd 2529.5 1.32 5239872 3361328 75.17 Niftybank 44327.8 0.47 18474978
Alkem 3446.15 1.49 634166 109487 73.13 Nifty it 28842.95 0.15 866712
Ultratech Cement Limited 8260.65 0.64 282115 172362 72.86 India Vix 10.89 1.02 744173213
The Ramco Cements 933.65 0.45 1226964 490192 72.19 Nifty Fmcg 51893.4 0.57 423120
Asian Paints Limited 3348.25 0.67 713110 655553 71.71 Nifty Pharma 13622.75 1.46 60413770
Dabur India Ltd. 574.1 0.61 2195767 1360506 71.6 Nifty Realty 517.25 0.47 1585028903
Dr. Reddys Lab Ltd 5107.85 1.64 885268 469267 70.45 Nifty Auto 14840.55 0.75 55289408
Container Corp Of India 657.1 1.29 618303 718642 70.19 Nifty Metal 6211.05 1.36 132146658
Vedanta Limited 279.95 0.14 6885093 3497096 69.57 Nifty Financial Services 19895.15 0.54 8436740


   Domestic                                                                                                                                                  International
INR: Federal Fiscal Deficit (May) on 30th June, 2023

INR: RBI Monetary and Credit Information Review on 30th June, 2023

 USD: Core PCE Price Index (MoM) (May) on 30th June, 2023

USD: ISM Manufacturing PMI (Jun) on 3rd July, 2023


  • Nifty struck all-time high of 19,000. Indian equity benchmarks BSE Sensex and NSE Nifty 50 were trading near fresh record highs, surpassing the morning levels. Sensex crossed the 64,000-mark. Nandita Khemka discusses the newsmakers on the radar including Tata Motors & Sheela Foam, among others only on Closing Bell.

  • InterGlobe Aviation Ltd, which operates budget carrier Indigo, became India’s first aviation company to cross Rs 1 trillion market cap after its shares hit a record high with 29 percent gains so far this year.

  • GQG Partners LLC and other investors bought stakes worth about $1 billion in two Adani Group companies from the family trust, according to people with knowledge of the matter. The investors bought shares in billionaire Gautam Adani’s flagship company and its green arm Adani Green Energy Ltd.

  • Institutional investors invested close to $2.9 billion across 22 real estate deals during the first half of the calendar year. The office sector remained the most favoured, with a 66 percent share.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AMRUTANJAN Buy Back of Shares 30-Jun-23 SVPHOUSING General 30-Jun-23
ASIANENE General 30-Jun-23 VIVANZA A.G.M.;General 30-Jun-23
BODHTREE Audited Results 30-Jun-23 AASTAFIN Preferential Issue of shares 01-Jul-23
CEETAIN Audited Results 30-Jun-23 CHARMS Reduction of Capital;General 01-Jul-23
CIGNITI General 30-Jun-23 EXCEL A.G.M.;General 01-Jul-23
DPL Audited Results;Quarterly Results 30-Jun-23 OTCO General 01-Jul-23
EIKO Right Issue of Equity Shares 30-Jun-23 RASSIREF Audited Results 01-Jul-23
HYBRIDFIN Amalgamation;General 30-Jun-23 BESTEAST A.G.M.;General 03-Jul-23
ICSL General 30-Jun-23 CHALET Audited Results;General 03-Jul-23
INDAGIV Audited Results 30-Jun-23 GISOLUTION General 03-Jul-23
JCTLTD Audited Results;Quarterly Results 30-Jun-23 JTLIND General 03-Jul-23
MUKESHB A.G.M. 30-Jun-23 SEML Bonus issue 03-Jul-23
NAVINFLUOR General 30-Jun-23 BFLAFL General 04-Jul-23
NIBL General 30-Jun-23 PREMIERPOL Quarterly Results 04-Jul-23
NOVIS Audited Results 30-Jun-23 PRIMEFRESH General 04-Jul-23
OBCL General 30-Jun-23 DHRUV General 05-Jul-23
PADALPO General 30-Jun-23 HATSUN General 05-Jul-23
PADMAIND Reduction of Capital;Scheme of Arrangement 30-Jun-23 VASUDHAGAM Preferential Issue of shares;A.G.M. 05-Jul-23
SAGARSYST A.G.M. 30-Jun-23 GMBREW Quarterly Results 06-Jul-23
SAMKRG General 30-Jun-23 AVONMERC General 07-Jul-23
SRGHFL General 30-Jun-23 INDXTRA A.G.M.;General;Stock  Split 07-Jul-23
SUPERHOUSE General 30-Jun-23 WANBURY Audited Results 07-Jul-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AEGISLOG 30-Jun-23 Final Dividend – Rs. – 1.2500 WELENT 30-Jun-23 Final Dividend – Rs. – 1.0000
ALUFLUOR 30-Jun-23 Final Dividend – Rs. – 2.0000 AXTEL 03-Jul-23 Final Dividend – Rs. – 3.0000
BAJAJ-AUTO 30-Jun-23 Final Dividend – Rs. – 140.0000 BALAMINES 03-Jul-23 Final Dividend – Rs. – 10.0000
BAJAJFINSV 30-Jun-23 Final Dividend – Rs. – 0.8000 GEOJITFSL 03-Jul-23 Final Dividend – Rs. – 1.5000
BAJAJHLDNG 30-Jun-23 Final Dividend – Rs. – 13.0000 JYOTHYLAB 03-Jul-23 Final Dividend – Rs. – 3.0000
BAJFINANCE 30-Jun-23 Final Dividend – Rs. – 30.0000 SHRADDHA 03-Jul-23 Right Issue of Equity Shares
BANDARAM 30-Jun-23 Right Issue of Equity Shares ALKYLAMINE 04-Jul-23 Final Dividend – Rs. – 10.0000
BANKBARODA 30-Jun-23 Dividend – Rs. – 5.5000 ATFL 04-Jul-23 Final Dividend – Rs. – 3.0000
CANFINHOME 30-Jun-23 Final Dividend – Rs. – 2.0000 KANSAINER 04-Jul-23 Bonus issue 1:2
DDEVPLASTIK 30-Jun-23 Bonus issue 1:10 MOTILALOFS 04-Jul-23 Final Dividend – Rs. – 3.0000
ESCORTS 30-Jun-23 Final Dividend – Rs. – 7.0000 NATHBIOGEN 04-Jul-23 Final Dividend – Rs. – 2.0000
GLAXO 30-Jun-23 Final Dividend – Rs. – 32.0000 PSB 04-Jul-23 Final Dividend – Rs. – 0.4800
GRNLAMIND 30-Jun-23 Final Dividend – Rs. – 1.5000 TIDEWATER 04-Jul-23 Final Dividend – Rs. – 15.0000
HITECHCORP 30-Jun-23 Final Dividend – Rs. – 1.0000 BEPL 05-Jul-23 Bonus issue 1:2
KUANTUM 30-Jun-23 Final Dividend – Rs. – 3.0000 DEEPAKSP 05-Jul-23 Final Dividend – Rs. – 2.5000
MAHSCOOTER 30-Jun-23 Final Dividend – Rs. – 60.0000 MPHASIS 05-Jul-23 Final Dividend – Rs. – 50.0000
NAM-INDIA 30-Jun-23 Final Dividend – Rs. – 7.5000 SUNDARMFIN 05-Jul-23 Final Dividend – Rs. – 15.0000
NILKAMAL 30-Jun-23 Final Dividend – Rs. – 20.0000 ELEMARB 06-Jul-23 Final Dividend – Rs. – 3.3000
SONACOMS 30-Jun-23 Final Dividend – Rs. – 1.5300 IDBI 06-Jul-23 Dividend – Rs. – 1.0000
SYNGENE 30-Jun-23 Final Dividend – Rs. – 0.5000 KPIL 06-Jul-23 Final Dividend – Rs. – 7.0000
SYNGENE 30-Jun-23 Special Dividend – Rs. – 0.7500 YASHO 06-Jul-23 Dividend – Rs. – 0.5000
VAIBHAVGBL 30-Jun-23 Final Dividend – Rs. – 1.5000 ACC 07-Jul-23 Dividend – Rs. – 9.2500

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