The NIFTY opened at 19076.85 again in uncharted territory with a gap up of 104 points. The index recorded its intraday low at 19024.60 in its Initial trades and bounced up. Prices have moved above 19100 and then started a consolidation process. Prices have seen a breakout on the upside and moved further up. The index reached 19200 and noticed a minor dip towards the end. The NIFTY rallied throughout the day and recorded its intraday high at 19201.70. Prices have finally closed at 19189.05 near its day’s highs with again of 216.95 points or 1.16% up. All the sectoral indices have closed with a gain except METAL which ended with a minor loss. AUTO and IT led the bulls today by ending more than 2% higher followed by PHARMA, BANK, and FINANCIAL. On the weekly timeframe, the NIFTY made a wide bullish candle. This week, the index rallied more than 500 points. After such a sharp move, prices tend to move narrow and choppy. We may see a brief consolidation or even a dip in the next week. That will be a buying opportunity. We should wait for the one. Intraday traders should look for buying only on dips and consolidation breakouts.


The BANK NIFTY opened at 44666 with a big gap up of 275 points. The index initially moved lower but bounced up before filling the gap. Prices have recorded its intraday low at 44447.20 and then moved higher. The rally was slow and modest which lasted till the end. Prices have recorded its intraday high at 44787.10 and finally dosed at 44716.95 with a gain of 325 points. PSU BANK outperformed today, saw a sharp upside move and closed with a gain of 2.06% PVT BANK has also moved up today and closed with a gain of 1.17% Within the index, in terms of points, HDFC BANK contributed the highest on the upside while ICICI BANK contributed the lowest. The short-term trend is up now. A trading range inside 43400-44500 finally broke on the upside and the index closed well above 44500 resistance. Also, the index recorded lifetime new highs. Support is now visible around 44000 while there is no visible resistance. We should wait for a dip or a brief consolidation to buy again.


TECH M 1130.85 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 1130.85 with a stop loss of 1093.00 and a target of 1234.00.
IBULHSGFIN 123.40 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 123.40 with a stop loss of 116.90 and a target of 136.45.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
HCL TECH  1200 CE BUY 28.20 CMP 22.20 52.00 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
HDFCAMC.23.07 Jul 2273.6 10.97 114.58 2489400 MCX.23.07 Jul 1499.95 -8.55 1194.27 2169200
BIOCON.23.07 Jul 265.8 8.67 1788.89 32300000 JKCEMENT.23.07 Jul 3361.55 -2.01 1111.11 272500
IBULHSGFIN.23.07 Jul 124.3 7.34 3977.62 59476200 VEDL.23.07 Jul 274.85 -2 2010.7 46562000
BEL.23.07 Jul 126.35 4.59 923.48 76015200 AMBUJACEM.23.07 Jul 426.6 -1.86 2539.6 58678200
INFY.23.07 Jul 1345.25 4.29 2724.59 38459600 APOLLOTYRE.23.07 Jul 401.55 -1.79 2251.01 11830300
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
United Breweries Limited 1511.95 0.45 206940 409590 82.83 Nifty50 19189.05 1.14 39534667
Hdfc Ltd. 2821.95 1.55 6981604 5584807 82.41 Niftybank 44747.35 0.95 16935638
Alkem 3512.85 1.94 205515 476562 75.15 Nifty it 29563 2.5 1462020
Lic Housing Finance Ltd 392.2 -0.19 2961054 1968181 74.41 India Vix 10.8 -0.83 693461946
Dr. Reddys Lab Ltd 5159.6 1.01 486141 658002 74.33 Nifty Fmcg 52194.75 0.58 339630
Bharti Airtel Limited 878.75 0.75 5217511 4642025 74 Nifty Pharma 13767.5 1.06 55120922
Godrej Cons Products Ltd 1081 1.11 1448778 2014960 72.97 Nifty Realty 520 0.53 1455652219
Havells India Limited 1282.8 -0.52 1416091 851447 72.6 Nifty Auto 15147.65 2.07 50200184
Maruti Suzuki India Ltd 9789.05 2.6 845006 348796 72.28 Nifty Metal 6209.1 -0.03 121746096
Mah & Mah Ltd. 1453.6 4.2 4114865 1851446 70.88 Nifty Financial Services 20057.7 0.82 6517489


   Domestic                                                                                                                                                  International
INR: Nikkei S&P Global Manufacturing PMI (Jun) on 3rd July, 2023

INR: Nikkei Services PMI (Jun) on 5th July, 2023

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

USD: FOMC Meeting Minutes on 5th July, 2023


  • Benchmark indices ended higher on June 30 with Nifty around 19,200. At close, the Sensex was up 803.14 points or 1.26 percentat 64,718.56, and the Nifty was up 216.90 points or 1.14percentat 19,189. About 1,865 shares advanced, 1,543 shares declined, and 132 shares were unchanged.

  • The boards of mortgage lender Housing Development Finance Corporation (HDFC) and private lender HDFC Bank have approved July 1 as the effective date of merger, and July 13 as the record date.

  • Rajiv Jain’s GQG Partners has acquired fresh stake worth Rs 1,676 crore in Adani Transmission Ltd. on Friday.

  • MG Motor India on Saturday reported 14% increase in retail sales at 5,125 units in June 2023 as compared to the same month last year. The company had posted a retail sales of 4,504 units in June 2022, MG Motor India said in a statement.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
BESTEAST General;A.G.M. 03-Jul-23 HATSUN General 05-Jul-23
CHALET Audited Results;General 03-Jul-23 INFOBEAN General 05-Jul-23
GCSL Increase in Authorised Capital 03-Jul-23 KBCGLOBAL Audited Results;General;Quarterly Results 05-Jul-23
GISOLUTION General 03-Jul-23 ROSEMER General;Issue Of Warrants 05-Jul-23
JTLIND General 03-Jul-23 SOLARA Right Issue of Equity Shares 05-Jul-23
KREONFIN General;A.G.M. 03-Jul-23 VASUDHAGAM Preferential Issue of shares;A.G.M. 05-Jul-23
MILEFUR General 03-Jul-23 APIL A.G.M. 06-Jul-23
RMCL Audited Results;A.G.M. 03-Jul-23 CRSTCHM A.G.M. 06-Jul-23
SEML Bonus issue 03-Jul-23 GMBREW Quarterly Results 06-Jul-23
VISTARAMAR General;A.G.M. 03-Jul-23 SMLT General 06-Jul-23
VISVEN General 03-Jul-23 AVONMERC General 07-Jul-23
BFLAFL General 04-Jul-23 INDOUS General;Increase in Authorised Capital;Bonus issue 07-Jul-23
EDVENSWA General 04-Jul-23 INDXTRA General;A.G.M.;Stock  Split 07-Jul-23
GENUSPOWER Final Dividend;Issue Of Warrants 04-Jul-23 NAVKAR General;A.G.M. 07-Jul-23
INTELLCAP Preferential Issue of shares;General;Issue Of Warrants 04-Jul-23 ORISSAMINE Audited Results 07-Jul-23
PREMIERPOL Quarterly Results 04-Jul-23 SHAHALLOYS General 07-Jul-23
PRIMEFRESH General 04-Jul-23 WANBURY Audited Results 07-Jul-23
PROFINC Preferential Issue of shares;General;Right Issue of Equity Shares 04-Jul-23 RAYALEMA General 08-Jul-23
SYSCHEM Rights Issue 04-Jul-23 RAILTEL Final Dividend 09-Jul-23
DHRUV General 05-Jul-23 DPL Audited Results 10-Jul-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AXTEL 03-Jul-23 Final Dividend – Rs. – 3.0000 ALFREDHE 07-Jul-23 Final Dividend – Rs. – 3.5000
BALAMINES 03-Jul-23 Final Dividend – Rs. – 10.0000 AMBUJACEM 07-Jul-23 Final Dividend – Rs. – 2.5000
GEOJITFSL 03-Jul-23 Final Dividend – Rs. – 1.5000 ASHOKLEY 07-Jul-23 Final Dividend – Rs. – 2.6000
JYOTHYLAB 03-Jul-23 Final Dividend – Rs. – 3.0000 AXISBANK 07-Jul-23 Final Dividend – Rs. – 1.0000
SHRADDHA 03-Jul-23 Right Issue of Equity Shares BHARATFORG 07-Jul-23 Final Dividend – Rs. – 5.5000
ALKYLAMINE 04-Jul-23 Final Dividend – Rs. – 10.0000 BIOCON 07-Jul-23 Final Dividend – Rs. – 1.5000
ATFL 04-Jul-23 Final Dividend – Rs. – 3.0000 CARERATING 07-Jul-23 Final Dividend – Rs. – 7.0000
KANSAINER 04-Jul-23 Bonus issue 1:2 CARERATING 07-Jul-23 Special Dividend – Rs. – 8.0000
MOTILALOFS 04-Jul-23 Final Dividend – Rs. – 3.0000 CORALFINAC 07-Jul-23 Final Dividend – Rs. – 0.3000
NATHBIOGEN 04-Jul-23 Final Dividend – Rs. – 2.0000 CROMPTON 07-Jul-23 Final Dividend – Rs. – 3.0000
PSB 04-Jul-23 Final Dividend – Rs. – 0.4800 DELTACORP 07-Jul-23 Final Dividend – Rs. – 1.2500
TIDEWATER 04-Jul-23 Final Dividend – Rs. – 15.0000 EIKO 07-Jul-23 Right Issue of Equity Shares
BEPL 05-Jul-23 Bonus issue 1:2 HAPPSTMNDS 07-Jul-23 Final Dividend – Rs. – 3.4000
DEEPAKSP 05-Jul-23 Final Dividend – Rs. – 2.5000 JAYAGROGN 07-Jul-23 Final Dividend – Rs. – 5.0000
MPHASIS 05-Jul-23 Final Dividend – Rs. – 50.0000 LTTS 07-Jul-23 Final Dividend – Rs. – 30.0000
SUNDARMFIN 05-Jul-23 Final Dividend – Rs. – 15.0000 MAWANASUG 07-Jul-23 Dividend – Rs. – 3.0000
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

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