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.


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.


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.


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


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


   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


  • 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.

  • 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


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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