The NIFTY opened at 19497.45 with a gap up of 58 points. The index could not sustain at the higher levels and started drifting downward from its opening tick to fill the gap. Prices then started moving sideways with some volatile movement and eventually broke on the downside toward the end of today’s trading session. In the last 30 minutes of trading, the index moved down sharply. The NIFTY recorded its intraday high at 18507.70 in its initial trades, intraday low at 19361.75 towards the end of today’s trading session, and finally closed at 19384.30 with a loss of 55.10 points of 0.28% down. MEDIA PHARMA, and REALTY outperformed today and closed with gains. IT, FINANCIAL, and BANK underperformed today and ended lower. AUTO moved sideways today and closed without much of a change. The short-term trend is up. It has to be up as the index is moving near its swing highs and also near its lifetime highs. Support is visible around 18900 while resistance may emerge around 19500.For the past five trading days, the index made numerous attempts to break it but failed. Moreover, the index has locked itself in a tight narrow range of about just 200 points within the 19300-19500 zone.


The BANK NIFTY opened at 44872.60 with a gap up of 86 points. The index started moving volatile from its opening tick and saw multiple swing in both direction and moved sideways within a narrow range. That range broke on the downside towards the end and prices have seen a sharp fall. The index recorded its intraday high at 44937.25, intraday low at 44562.40, and finally closed at 44660.25 with a loss of 126 points. PSU BANK outperformed, saw a sharp upside move, and closed with a gain of 0.83 %. PVT BANK underperformed today, saw a mild downside move, and closed with a loss of 0.29%. Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while HDFC BANK contributed the lowest. The support is visible around 44500 while resistance is visible around 45500 The index has come close to the support level. We should wait and see if prices are holding it or breaking it.


AMAR RAJA BATTERY 699.75 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 703.25 with a stop loss of 697.10 and a target of 715.85.
HAVELLS 1290.70 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 1284.90 with a stop loss of 1293.45 and a target of 1267.30.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
NIFTY  19500 CE SELL 15.15 CMP 20.80 5.00 BREAKDOWN
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
NMDC.23.07 Jul 112.1 3.27 7.53 76473000 BATAINDIA.23.07 Jul 1649.65 -2.9 17.48 1564875
PEL.23.07 Jul 971.85 3.16 2.98 9378000 TATACOMM.23.07 Jul 1609 -2.3 2.08 4150500
LUPIN.23.07 Jul 942.2 2.91 6.64 5652500 LTIM.23.07 Jul 4812.15 -2.21 31.96 3096000
SHRIRAMFIN.23.07 Jul 1811.5 2.72 12.88 5972400 HAL.23.07 Jul 3856 -2.11 0.65 3973800
SUNTV.23.07 Jul 489.5 2.61 2.38 8971500 GUJGASLTD.23.07 Jul 471.8 -2.11 11.55 7868750
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ASTRAL.23.07 Jul 1847.2 3.35 -1.39 2414126 DELTACORP.23.07 Jul 189.75 -23.22 -6.9 19163200
GMRINFRA.23.07 Jul 45.6 1.56 -0.09 123030000 ULTRACEMCO.23.07 Jul 8221.05 -1.71 -2.85 1382700
CANFINHOME.23.07 Jul 796.2 1.28 -0.92 2512575 BSOFT.23.07 Jul 348.75 -1.44 -0.44 7738000
PNB.23.07 Jul 61.5 1.07 -2.67 297824000 MANAPPURAM.23.07 Jul 129.7 -1.44 -2.4 68250000
GAIL.23.07 Jul 110.85 1 -0.46 93631950 INDIACEM.23.07 Jul 208 -0.6 -0.6 17637800


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Page Industries Limited 36005 -0.8 33767 22310 77.37 Nifty50 19384.3 -0.28 103200
Infosys Limited 1333.3 -1.13 8102770 4674592 76.31 Niftybank 44639.45 -0.24 103137
Torrent Pharma Ltd. 1930 -0.6 191619 211767 74.25 Nifty it 29118.05 -0.71 103137
Hindustan Unilever Ltd 2673.65 -0.4 2395826 1828338 73.83 India Vix 10.94 -0.68 103602
Ntpc Limited 190.8 -0.83 9191559 8095062 72.04 Nifty Fmcg 53279.5 0.18 103140
Ultratech Cement Limited 8220.5 -1.27 508967 214891 71.54 Nifty Pharma 13936.7 0.3 103140
Nestleind 23060.05 0.91 48090 48666 71.02 Nifty Realty 528.2 0.26 103140
Hdfc Ltd. 2724.3 -0.84 42367376 6071446 70.84 Nifty Auto 15614.9 -0.02 103134
Hcl Technologies Ltd. 1110.55 -0.39 3824027 3435427 68.95 Nifty Metal 6363.25 -0.09 103134
Reliance Industries Ltd 2767.75 0.11 8645662 6363890 68.71 Nifty Financial Services 19924.1 -0.23 103134


   Domestic                                                                                                                                                  International
INR: WPI Inflation (YoY) (Jun) on 14th July, 2023

INR: Trade Balance on 14th July, 2023

USD: PPI (MoM) (Jun) on 13th July, 2023

USD: Initial Jobless Claims on 13th July, 2023


  • Benchmark indices ended lower in the volatile session on July 12 with Nifty below 19,400. At close, the Sensex was down 223.94 points or 0.34% at 65,393.90, and the Nifty was down 55.10 points or 0.28% at 19,384.30. About 1696 shares advanced, 1668 shares declined, and 139 shares unchanged.

  • Tata Consultancy Services (TCS) reported 16.8 percent increase in net profit on a year-on-year (YoY) basis in the quarter ended June 30, 2023, driven by a strong growth in total contract value (TCV) deal wins despite a tough business environment.

  • The Union Cabinet on July 12 approved amendments to the Mines and Minerals (Development and Regulation) Act to allow commercial mining of lithium and five more minerals, said sources aware of the development.

  • Vedanta Limited is committed to make sizable investments across its businesses in the coming years, Chairman Anil Agarwal said on July 12. At the company’s annual general meeting (AGM) for FY23, Agarwal said the company will begin a foray into semiconductor and display fab this year, subject to the government approval.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ACROW A.G.M.;Quarterly Results;General 13-Jul-23 AIIL Scheme of Arrangement 14-Jul-23
ANGELONE Quarterly Results;Interim Dividend 13-Jul-23 ALFREDHE Quarterly Results 14-Jul-23
ANMOL A.G.M.;General 13-Jul-23 AMAL Quarterly Results 14-Jul-23
AVANTEL Quarterly Results 13-Jul-23 ARENTERP General 14-Jul-23
BEPL Quarterly Results;Interim Dividend 13-Jul-23 BANDHANBNK Quarterly Results 14-Jul-23
BIRLAMONEY Quarterly Results 13-Jul-23 CCL A.G.M.;Quarterly Results;General 14-Jul-23
COMPUAGE Quarterly Results;General 13-Jul-23 COROENGG Quarterly Results 14-Jul-23
FEDERALBNK Quarterly Results 13-Jul-23 DEN Quarterly Results 14-Jul-23
GISOLUTION Quarterly Results;General 13-Jul-23 EARUM A.G.M.;Bonus issue;Stock  Split;Buy Back of Shares;Final Dividend 14-Jul-23
LONTE Quarterly Results 13-Jul-23 EVERTEX General 14-Jul-23
NDASEC A.G.M.;Preferential Issue of shares;General 13-Jul-23 GTPL Quarterly Results 14-Jul-23
NGIL Quarterly Results;General 13-Jul-23 HEERAISP General 14-Jul-23
PQIF General 13-Jul-23 INFOMEDIA Quarterly Results 14-Jul-23
ROSELABS Quarterly Results 13-Jul-23 JSWENERGY Quarterly Results 14-Jul-23
SCBL Quarterly Results;General 13-Jul-23 JUSTDIAL Quarterly Results 14-Jul-23
SWSOLAR Quarterly Results 13-Jul-23 KESORAMIND Quarterly Results 14-Jul-23
TAPARIA Bonus issue;General 13-Jul-23 LAL Preferential Issue of shares;Increase in Authorised Capital;General 14-Jul-23
TATAMETALI Quarterly Results;Audited Results 13-Jul-23 LANCORHOL A.G.M.;Bonus issue 14-Jul-23
THIRDFIN Quarterly Results 13-Jul-23 MFLINDIA A.G.M.;General 14-Jul-23
UNITECH Quarterly Results 13-Jul-23 PARVATI General 14-Jul-23
VBDESAI Quarterly Results 13-Jul-23 PIGL General 14-Jul-23
WIPRO Quarterly Results 13-Jul-23 SAPPL Right Issue of Equity Shares 14-Jul-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
AMRUTANJAN 13-Jul-23 Buy Back of Shares GLOBUSSPR 14-Jul-23 Dividend – Rs. – 6.0000
HDFC 13-Jul-23 Amalgamation HINDZINC 14-Jul-23 Interim Dividend – Rs. – 7.0000
ICICIPRULI 13-Jul-23 Final Dividend – Rs. – 0.6000 INFRATRUST 14-Jul-23 Income Distribution (InvIT)
MAGADHSUGAR 13-Jul-23 Dividend – Rs. – 7.0000 KABRAEXTRU 14-Jul-23 Final Dividend – Rs. – 3.5000
ORIENTHOT 13-Jul-23 Dividend – Rs. – 0.5000 KIRLFER 14-Jul-23 Dividend – Rs. – 3.0000
SANINFRA 13-Jul-23 Final Dividend – Rs. – 0.0350 KSOLVES 14-Jul-23 Final Dividend – Rs. – 8.0000
SEACOAST 13-Jul-23 Right Issue of Equity Shares LUPIN 14-Jul-23 Final Dividend – Rs. – 4.0000
TITAN 13-Jul-23 Dividend – Rs. – 10.0000 M&M 14-Jul-23 Dividend – Rs. – 16.2500
WENDT 13-Jul-23 Final Dividend – Rs. – 50.0000 MAHLOG 14-Jul-23 Final Dividend – Rs. – 2.5000
APOLLOTYRE 14-Jul-23 Final Dividend – Rs. – 4.0000 POLYCHEM 14-Jul-23 Final Dividend – Rs. – 20.0000
APOLLOTYRE 14-Jul-23 Special Dividend – Rs. – 0.5000 PTL 14-Jul-23 Final Dividend – Rs. – 1.7500
APTECHT 14-Jul-23 Bonus issue 2:5 RECLTD 14-Jul-23 Final Dividend – Rs. – 4.3500
ARTEMISMED 14-Jul-23 Dividend – Rs. – 0.4500 RNAVAL 14-Jul-23 Resolution Plan -Suspension
ASTRAZEN 14-Jul-23 Dividend – Rs. – 16.0000 SAFARIND 14-Jul-23 Final Dividend – Rs. – 2.0000
ATUL 14-Jul-23 Final Dividend – Rs. – 25.0000 SHANTIGEAR 14-Jul-23 Final Dividend – Rs. – 2.0000
AUBANK 14-Jul-23 Final Dividend – Rs. – 1.0000 TASTYBIT 14-Jul-23 Final Dividend – Rs. – 2.0000
BIMETAL 14-Jul-23 Dividend – Rs. – 12.5000 TIRUMALCHM 14-Jul-23 Dividend – Rs. – 1.5000
BOSCHLTD 14-Jul-23 Final Dividend – Rs. – 280.0000 TRANSCOR 14-Jul-23 Dividend – Rs. – 0.2000
BSOFT 14-Jul-23 Final Dividend – Rs. – 2.0000 UJJIVANSFB 14-Jul-23 Final Dividend – Rs. – 0.5000
CONTROLPR 14-Jul-23 Final Dividend – Rs. – 5.0000 ULTRAMAR 14-Jul-23 Final Dividend – Rs. – 5.0000
COROMANDEL 14-Jul-23 Final Dividend – Rs. – 6.0000 CENTURYTEX 17-Jul-23 Final Dividend – Rs. – 5.0000
EXPLEOSOL 14-Jul-23 Dividend – Rs. – 5.0000 CGFL 17-Jul-23 Right Issue of Equity Shares

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