NIFTY:
The NIFTY opened at 19493.45 with a gap up of 80 points. The index could not sustain at the higher levels and started drifting downwards from the opening tick. Prices have filled the gap and then found support around yesterday’s closing price. The index then moved up but again faced resistance around the early morning highs. Eventually, the index broke out and then saw a sharp intraday rally in the last 30 minutes of trading. The NIFTY recorded its intraday high at 19595.35, its intraday low at 19433.50, and finally closed at 19564.50 near its day’s highs with a gain of 150.75 points of 0.78% up. The IT sector again outperformed today and ended with a gain of over 4% followed by MEDIA which ended nearly 4% higher. METAL and REALTY also did well today by ending 1% higher. The short-term trend is up. It must be up as the index moves near its swing highs and recorded lifetime new highs. Support is visible around 18900 while the index broke above 19500 resistance.
BANK NIFTY:
The BANK NIFTY opened at 45009.30 with a big gap up of 346 points. The index continued its upside momentum and moved up. However, the rally was modest and soon found resistance around 45100. Prices started a consolidation and prices eventually broke on the downside. A decline started afterward that lasted till the end. The index recorded its intraday high at 45085.15, its intraday low at 44612.20, and finally closed at 44726.45 with a gain of just 66 points. PSU BANK underperformed, saw a sharp downside move, and closed with a loss of 2.38%. PVT BANK outperformed today, saw a mild upside move, but dosed with a gain of just 0.02%. Within the index, in terms of points, ICICI BANK contributed the highest on the upside while FEDERAL BANK contributed the lowest. The index broke its four days of losing streak. The support is visible around 44500 while resistance is visible around 45500.
TECHNICAL PICKS
COMPANY NAME | CMP | B/S | RATIONALE |
MC DOWELL | 944.80 | BUY | The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 944.80 with a stop loss of 923.70 and a target of 1018.00. |
LARUS LAB LTD | 351.50 | SELL | The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 349.90 with a stop loss of 353.50 and a target of 342.40. |
DERIVATIVE PICKS
Stock Name | Strike Price | Buy/Sell | CMP | Initiation | Stop Loss | Target | Remarks |
DIVIS LAB | 3680 CE | BUY | 70.5 | CMP | 52.25 | 98.80 | BREAKOUT |
Long Buildup | Short Buildup | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
MPHASIS.23.07 Jul | 2075.45 | 7.54 | 2.23 | 2723600 | RECLTD.23.07 Jul | 161 | -2.84 | 0.54 | 51976000 | |
RBLBANK.23.07 Jul | 212 | 6.96 | 13.85 | 60405000 | HDFCLIFE.23.07 Jul | 672.5 | -1.59 | 1.11 | 22148500 | |
INTELLECT.23.07 Jul | 640.7 | 5.75 | 7.25 | 2653300 | POWERGRID.23.07 Jul | 241.2 | -1.19 | 8.9 | 39090600 | |
NATIONALUM.23.07 Jul | 89.7 | 5.59 | 4.58 | 52425000 | SIEMENS.23.07 Jul | 3703.3 | -0.93 | 1.72 | 1693725 | |
OFSS.23.07 Jul | 4034.85 | 4.63 | 22.63 | 307800 | MCX.23.07 Jul | 1564.55 | -0.81 | 5.32 | 2076000 | |
Short Covering | Long Unwinding | |||||||||
Stocks | Price | Price% | OI % | OI | Stocks | Price | Price% | OI % | OI | |
ZEEL.23.07 Jul | 216.2 | 8.62 | -7.73 | 91761000 | ICICIPRULI.23.07 Jul | 590.3 | -1.78 | -2.13 | 10414500 | |
LTTS.23.07 Jul | 4110.1 | 6.45 | -3.85 | 1243200 | M&MFIN.23.07 Jul | 317.6 | -1.06 | -1.24 | 30144000 | |
BSOFT.23.07 Jul | 380.45 | 5.43 | -1.66 | 7684000 | APOLLOTYRE.23.07 Jul | 417.25 | -1 | -2.96 | 10718500 | |
TCS.23.07 Jul | 3509.5 | 4.91 | -1.39 | 11433275 | TITAN.23.07 Jul | 3058.25 | -0.93 | -2.5 | 4918875 | |
LTIM.23.07 Jul | 5113.55 | 4.41 | -6.39 | 2372700 | INDIGO.23.07 Jul | 2666.2 | -0.59 | -4.57 | 3439800 |
TOP DELIVERY PERCENTAGE
Stocks | Price | %Chg | Total Qty | Delivery | Del % | % Change | ||||
Sectors | Price | Change % | Quantity | |||||||
Coalindia | 231.05 | 0.5 | 7390502 | 15739344 | 77.9 | Nifty50 | 19564.5 | 0.78 | 34207976 | |
Dalmia Bharat Limited | 2056.15 | -0.09 | 140749 | 215627 | 74.32 | Niftybank | 44819.3 | 0.35 | 14912643 | |
Bharti Airtel Limited | 886.5 | 0.16 | 3860080 | 3112576 | 73.61 | Nifty it | 30945.5 | 4.45 | 2704235 | |
Aditya Birla Fashion And | 214.9 | -0.78 | 1381556 | 6417380 | 72.82 | India Vix | 10.68 | -2.38 | 618795696 | |
Hindustan Unilever Ltd | 2676.9 | 0.84 | 1419016 | 1073167 | 71.78 | Nifty Fmcg | 53453.7 | 0.8 | 314111 | |
Acc Limited | 1777.5 | 0.4 | 190205 | 311277 | 70.65 | Nifty Pharma | 13945.65 | 0.5 | 47964660 | |
Bharat Forge Ltd | 867.2 | 1.06 | 722002 | 645267 | 70.26 | Nifty Realty | 539.8 | 1.16 | 1240345164 | |
Titan Company Limited | 3055.55 | -0.95 | 721349 | 652892 | 70.05 | Nifty Auto | 15576.1 | 0.36 | 42925768 | |
Upl Limited | 639.55 | 1.35 | 2430626 | 3235777 | 68.47 | Nifty Metal | 6469.45 | 1.41 | 103477821 | |
Alkem | 3519.35 | 0.23 | 28120 | 99298 | 67.99 | Nifty Financial Services | 20050.5 | 0.14 | 4114373 |
UPCOMING ECONOMIC DATA
Domestic International | |
INR: Federal Fiscal Deficit (Jun) on 31st July, 2023
INR: Infrastructure Output (YoY) (Jun) on 31st July, 2023 |
USD: Retail Sales (MoM) (Jun) on 18th July, 2023
USD: Building Permits (Jun) on 19th July, 2023 |
NEWS UPDATES
-
Benchmark indices ended higher on July 14 with Nifty around 19,600 amid buying across the sectors. At close, the Sensex was up 502.01 points or 0.77% at 66,060.90, and the Nifty was up 150.70 points or 0.78% at 19,564.50. About 2158 shares advanced, 1161 shares declined, and 142 shares unchanged.
-
India’s merchandise trade deficit narrowed to $20.13 billion in June, compared to $22.1 billion in May. Merchandise exports stood at $32.97 billion, while imports were $53.10 billion in June. In the previous month, merchandise exports were $34.98 billion, while imports stood at $57.10 billion.
-
Credo Brands Marketing Ltd, which sells Mufti brands of jeans, has filed draft papers with Securities and Exchange Board of India to raise funds via initial public offerings. The issue is a pure offer for sale of up to 19.63 million shares by its existing shareholders and promoters.
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China’s BYD Co has submitted a $1 billion investment proposal to build electric vehicles and batteries in India in partnership with a local company, three people with direct knowledge of the plan told Reuters.
Source: Economic Times, Indian Express, Business Today, Livemint, Business Standard, Bloomberg Quint
BOARD MEETINGS
Company Name | Purpose | Meeting Date | Company Name | Purpose | Meeting Date |
CENTRALBK | Quarterly Results | 17-Jul-23 | TIHIL | General | 17-Jul-23 |
CHOICEIN | Quarterly Results;General | 17-Jul-23 | TINPLATE | Quarterly Results | 17-Jul-23 |
CRISIL | Quarterly Results;Interim Dividend | 17-Jul-23 | UTLINDS | Quarterly Results | 17-Jul-23 |
CRSTCHM | General | 17-Jul-23 | AEL | Final Dividend | 18-Jul-23 |
DOLFIN | General | 17-Jul-23 | ANUBHAV | General | 18-Jul-23 |
HATHWAY | Quarterly Results | 17-Jul-23 | ASIAN | Quarterly Results;Audited Results | 18-Jul-23 |
HDFCBANK | Quarterly Results | 17-Jul-23 | ATISHAY | Quarterly Results | 18-Jul-23 |
HUHTAMAKI | Quarterly Results | 17-Jul-23 | AURUM | Quarterly Results | 18-Jul-23 |
KORE | Quarterly Results | 17-Jul-23 | BBL | Quarterly Results | 18-Jul-23 |
LTIM | Quarterly Results | 17-Jul-23 | BROOKS | Right Issue of Equity Shares | 18-Jul-23 |
MOSCHIP | Quarterly Results | 17-Jul-23 | CIEINDIA | Quarterly Results | 18-Jul-23 |
NAM | Quarterly Results | 17-Jul-23 | DRA | General | 18-Jul-23 |
ONWARDTEC | Quarterly Results | 17-Jul-23 | ELIL | A.G.M.;General | 18-Jul-23 |
RISHYRN | General | 17-Jul-23 | GANESHHOUC | Quarterly Results | 18-Jul-23 |
SEACOAST | Quarterly Results;General | 17-Jul-23 | HEIDELBERG | Quarterly Results | 18-Jul-23 |
SHISHIND | Quarterly Results;General | 17-Jul-23 | HSCL | Quarterly Results | 18-Jul-23 |
TANFACIND | Quarterly Results | 17-Jul-23 | ICICIGI | Quarterly Results;Audited Results | 18-Jul-23 |
TARAPUR | Audited Results | 17-Jul-23 | ICICIPRULI | Quarterly Results;Audited Results | 18-Jul-23 |
TATAELXSI | Quarterly Results | 17-Jul-23 | INDUSINDBK | Quarterly Results | 18-Jul-23 |
TDSL | General | 17-Jul-23 | JSWISPL | Quarterly Results | 18-Jul-23 |
TEXRAIL | Rights Issue;Preferential Issue of shares;General | 17-Jul-23 | KIRANSY-B | Quarterly Results | 18-Jul-23 |
TIAANC | Quarterly Results | 17-Jul-23 | LOTUSCHO | Quarterly Results | 18-Jul-23 |
Corporate Action
Company Name | Ex-Date | Purpose | Company Name | Ex-Date | Purpose |
CENTURYTEX | 17-Jul-23 | Final Dividend – Rs. – 5.0000 | MAHLIFE | 19-Jul-23 | Dividend – Rs. – 2.3000 |
CGFL | 17-Jul-23 | Right Issue of Equity Shares | MASFIN | 19-Jul-23 | Final Dividend – Rs. – 1.8500 |
INGERRAND | 17-Jul-23 | Final Dividend – Rs. – 20.0000 | PRAJIND | 19-Jul-23 | Dividend – Rs. – 4.5000 |
LAKSELEC | 17-Jul-23 | Final Dividend – Rs. – 22.0000 | SWELECTES | 19-Jul-23 | Final Dividend – Rs. – 1.2000 |
LLOYDSTEEL | 17-Jul-23 | Final Dividend – Rs. – 0.1000 | TEJNAKSH | 19-Jul-23 | Stock Split From Rs.10/- to Rs.5/- |
MODISONLTD | 17-Jul-23 | Final Dividend – Rs. – 1.0000 | ACKNIT | 20-Jul-23 | Final Dividend – Rs. – 1.5000 |
RBL | 17-Jul-23 | Dividend – Rs. – 25.0000 | COCKERILL | 20-Jul-23 | Final Dividend – Rs. – 5.0000 |
THANGAMAYL | 17-Jul-23 | Bonus issue 1:1 | DUNCANENG | 20-Jul-23 | Final Dividend – Rs. – 1.0000 |
WALCHPF | 17-Jul-23 | Final Dividend – Rs. – 1.0000 | FORTIS | 20-Jul-23 | Final Dividend – Rs. – 1.0000 |
AGOL | 18-Jul-23 | Stock Split From Rs.10/- to Rs.1/- | GPTINFRA | 20-Jul-23 | Final Dividend – Rs. – 1.5000 |
ANMOL | 18-Jul-23 | Bonus issue 4:1 | GRAPHITE | 20-Jul-23 | Dividend – Rs. – 8.5000 |
BBOX | 18-Jul-23 | E.G.M. | HCLTECH | 20-Jul-23 | Interim Dividend – Rs. – 10.0000 |
DCMSHRIRAM | 18-Jul-23 | Final Dividend – Rs. – 3.6000 | KANCOTEA | 20-Jul-23 | Dividend – Rs. – 1.0000 |
JAMESWARREN | 18-Jul-23 | Buy Back of Shares | LLFICL | 20-Jul-23 | Bonus issue 1:1 |
ORIENTBELL | 18-Jul-23 | Dividend – Rs. – 1.0000 | MRF | 20-Jul-23 | Final Dividend – Rs. – 169.0000 |
POONAWALLA | 18-Jul-23 | Final Dividend – Rs. – 2.0000 | NATCAPSUQ | 20-Jul-23 | Final Dividend – Rs. – 1.0000 |
PRECAM | 18-Jul-23 | Final Dividend – Rs. – 1.0000 | NOVARTIND | 20-Jul-23 | Special Dividend – Rs. – 37.5000 |
TTKHEALTH | 18-Jul-23 | Final Dividend – Rs. – 10.0000 | NOVARTIND | 20-Jul-23 | Final Dividend – Rs. – 10.0000 |
UTIAMC | 18-Jul-23 | Final Dividend – Rs. – 22.0000 | ORIENTCQ | 20-Jul-23 | Final Dividend – Rs. – 7.0000 |
BCPL | 19-Jul-23 | Final Dividend – Rs. – 0.7000 | RELIANCE | 20-Jul-23 | Spin Off |
BLUEDART | 19-Jul-23 | Dividend – Rs. – 30.0000 | RITHWIKFMS | 20-Jul-23 | E.G.M. |
JENBURPH | 19-Jul-23 | Dividend – Rs. – 14.4000 | ROSSELLIND | 20-Jul-23 | Dividend – Rs. – 0.4000 |
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