The NIFTY opened at 19400.35 with a gap up of 68 points. The index initially moved down but soon bounced up and saw a sharp intraday rally which found resistance just below 19450.Prices have recorded its intraday high at 19435.85 and then moved down. The index erased all the gains and found support near yesterday’s closing price. The index bounced up after recording its intraday low at 19327.10.That was the first half. In the second half, the index continued that kind of volatile movement but inside a narrow range. Prices finally ended at 19355.90 with a gain of just 24.10 points or 0.12% down. METAL outperformed today by ending over 1.50% higher followed by OIL GAS. The rest of the sectoral indices closed lower today led by IT, FMCG, and REALTY. Support is visible around 18900 while resistance may emerge around 19500.


The BANK NIFTY opened at 44958.65 with a gap up of just 66 points. The index initially moved higher but soon found resistance and turned down after recording its intraday high at 45184.30. Prices have seen a mild down move which lasted till the end. In between some consolidation also appeared which broke on the downside. The index recorded its intraday low at 44721.90 and finally closed at 44869.45 with a loss of just 23 points. PSU BANK underperformed today, saw a sharp downside move, and closed with a loss of 0.57%. PVT BANK also moved down today and ended with a loss of 0.12%. Within the index, in terms of points, KOTAK BANK contributed the highest on the upside while AXIS BANK contributed the lowest. A long upper shadow on the weekly timeframe chart, indicating confusion amongst the traders.


HDFC LIFE INSURANCE 668.25 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 674.15 with a stop loss of 667.10 and a target of 691.75.
DALMIA BHARAT 2101.20 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 2100 with a stop loss of 2130.25 and a target of 2044.50.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
CIPLA  1040 CE BUY 13.45 CMP 11.10 21.10 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
ICICIPRULI.23.07 Jul 595.8 3.62 2.89 11740500 BALKRISIND.23.07 Jul 2287.85 -4.3 6.28 1720500
SAIL.23.07 Jul 90.45 3.61 4.69 98264000 AARTIIND.23.07 Jul 455.5 -4 7.12 10976000
ESCORTS.23.07 Jul 2297.3 3.25 21.75 1819400 IBULHSGFIN.23.07 Jul 126.6 -3.54 2.51 60741000
TATASTEEL.23.07 Jul 115.9 3.21 0.75 225659500 DEEPAKNTR.23.07 Jul 1988.85 -3.37 0.81 2400000
JINDALSTEL.23.07 Jul 629.65 2.84 2.69 27630000 IGL.23.07 Jul 485.7 -2.56 0.97 7695875
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
RELIANCE.23.07 Jul 2741.95 3.9 -0.85 30775250 INDIAMART.23.07 Jul 2648.95 -3.6 -3.96 487800
JSWSTEEL.23.07 Jul 807.45 2.64 -0.45 29485350 GLENMARK.23.07 Jul 666.2 -3.6 -2.52 7002050
MARICO.23.07 Jul 528.95 2.01 -5.04 9872400 TITAN.23.07 Jul 3039.2 -3.58 -2.06 5082750
CROMPTON.23.07 Jul 291.6 1.64 -1.7 14896800 BANKBARODA.23.07 Jul 204.2 -2.9 -4.18 87545250
PEL.23.07 Jul 945.2 1.6 -2.51 9102000 HCLTECH.23.07 Jul 1118.2 -2.8 -2.79 12200300


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bharti Airtel Limited 885.4 1.72 4310681 15502347 82.62 Nifty50 19355.9 0.12 33644277
Ultratech Cement Limited 8351.35 0.18 173234 279223 78.72 Niftybank 44860.85 -0.14 14505610
Hdfc Ltd. 2765.45 -0.14 6075158 1470274 77.55 Nifty it 29194.7 -1.24 824230
Acc Limited 1794.7 0.18 516907 795788 73.48 India Vix 11.46 -0.61 561481299
Larsen & Toubro Limited 2438.75 -0.43 1178479 1347700 73.34 Nifty Fmcg 52536.15 -0.77 315097
Ntpc Limited 191.55 -0.55 10238356 9152508 72.34 Nifty Pharma 13751.8 -0.12 47320412
Crompton Greaves Consume 290.75 1.66 2995245 1573359 67.26 Nifty Realty 526.9 -0.85 1230827401
Bajaj Finserv Limited 1597.8 -1.06 1731894 975930 67 Nifty Auto 15403.2 -0.62 42086247
Infosys Limited 1329.15 -0.08 3940315 4187050 66.51 Nifty Metal 6385.1 1.69 102399673
Atul Ltd. 6698.5 -1.17 49492 51058 65.65 Nifty Financial Services 20057.3 -0.15 5525900


   Domestic                                                                                                                                                  International
INR: Cumulative Industrial Production (Apr) on 15th July, 2023

INR: CPI (YoY) (Jun) on 12th July, 2023

USD: EIA Short-Term Energy Outlook on 11th July, 2023

USD: CPI (YoY) (Jun) on 12th July, 2023


  • Nifty slipped below 19,400. Sensex was up over 200 points. Auto index took a U-turn after hitting a new high. Metals and energy were among the sectoral gainers, whereas, IT was the top loser ahead of TCS and HCL Tech Q1 results this week. RIL was the top gainer, with market cap topping Rs 18 lakh crore.

  • Foxconn and Vedanta signed a pact last year to invest $19.5 billion to set up semiconductor and display production plants in the western state of Gujarat, seeking to tap into the country’s plans to become an electronics major.

  • The Indian pharmaceutical industry is poised to hit the $57 billion mark by fiscal year 2024-25, with a likely growth rate that ranges between 7 and 8 percent, stated a report released by CareEdge Ratings on July 10.

  • India’s headline retail inflation likely rose in June for the first time in five months on the back of higher vegetable prices and a fading favourable base. According to a Moneycontrol survey of 17 economists, Consumer Price Index (CPI) inflation likely increased to 4.6 percent in June from May’s 25-month low of 4.25 percent.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
ABIRAFN General 11-Jul-23 ARTSONEN A.G.M.;Quarterly Results 12-Jul-23
BROOKS Right Issue of Equity Shares 11-Jul-23 ASHIANA Buy Back of Shares 12-Jul-23
CORALAB General 11-Jul-23 GOBLIN General 12-Jul-23
DRA General 11-Jul-23 GSBFIN General 12-Jul-23
EIKO Quarterly Results 11-Jul-23 HATHWAYB Quarterly Results 12-Jul-23
ELECON Quarterly Results 11-Jul-23 HCLTECH Quarterly Results;Interim Dividend 12-Jul-23
EXCEL Quarterly Results;General 11-Jul-23 JFL A.G.M. 12-Jul-23
GENCON Dividend;Audited Results;Final Dividend 11-Jul-23 KSHITIJ General 12-Jul-23
KINETICENG Preferential Issue of shares 11-Jul-23 NATIONSTD Quarterly Results 12-Jul-23
NILACHAL A.G.M. 11-Jul-23 PRESSURS Quarterly Results 12-Jul-23
PANTH General 11-Jul-23 SEL Quarterly Results 12-Jul-23
PCBL Quarterly Results 11-Jul-23 SSWL A.G.M.;Quarterly Results 12-Jul-23
PLASTIBLEN Quarterly Results 11-Jul-23 STML A.G.M.;General 12-Jul-23
RAJATH General 11-Jul-23 TCS Quarterly Results;Audited Results;Interim Dividend 12-Jul-23
RAMAPPR-B General 11-Jul-23 ACROW A.G.M.;Quarterly Results;General 13-Jul-23
SITAENT Quarterly Results 11-Jul-23 ANGELONE Quarterly Results;Interim Dividend 13-Jul-23
STCORP Quarterly Results 11-Jul-23 ANMOL A.G.M.;General 13-Jul-23
TATVA Preferential Issue of shares;General 11-Jul-23 AVANTEL Quarterly Results 13-Jul-23
WELCURE Quarterly Results;Audited Results;General 11-Jul-23 BEPL Quarterly Results;Interim Dividend 13-Jul-23
5PAISA Quarterly Results;General 12-Jul-23 BIRLAMONEY Quarterly Results 13-Jul-23
AKI Quarterly Results 12-Jul-23 COMPUAGE Quarterly Results;General 13-Jul-23
ANANDRATHI Quarterly Results 12-Jul-23 FEDERALBNK Quarterly Results 13-Jul-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
BALKRISIND 11-Jul-23 Final Dividend – Rs. – 4.0000 ICICIPRULI 13-Jul-23 Final Dividend – Rs. – 0.6000
BHARATSE 11-Jul-23 Dividend – Rs. – 1.4000 MAGADHSUGAR 13-Jul-23 Dividend – Rs. – 7.0000
DRREDDY 11-Jul-23 Final Dividend – Rs. – 40.0000 ORIENTHOT 13-Jul-23 Dividend – Rs. – 0.5000
GGENG 11-Jul-23 Right Issue of Equity Shares SANINFRA 13-Jul-23 Final Dividend – Rs. – 0.0350
JSWSTEEL 11-Jul-23 Final Dividend – Rs. – 3.4000 SEACOAST 13-Jul-23 Right Issue of Equity Shares
NEULANDLAB 11-Jul-23 Final Dividend – Rs. – 10.0000 TITAN 13-Jul-23 Dividend – Rs. – 10.0000
PECOS 11-Jul-23 Final Dividend – Rs. – 3.0000 WENDT 13-Jul-23 Final Dividend – Rs. – 50.0000
PERSISTENT 11-Jul-23 Special Dividend – Rs. – 10.0000 APOLLOTYRE 14-Jul-23 Special Dividend – Rs. – 0.5000
PERSISTENT 11-Jul-23 Final Dividend – Rs. – 12.0000 APOLLOTYRE 14-Jul-23 Final Dividend – Rs. – 4.0000
PIXTRANS 11-Jul-23 Final Dividend – Rs. – 6.0000 APTECHT 14-Jul-23 Bonus issue 2:5
SATINDLTD 11-Jul-23 Final Dividend – Rs. – 0.1000 ARTEMISMED 14-Jul-23 Dividend – Rs. – 0.4500
SHRGLTR 11-Jul-23 Final Dividend – Rs. – 0.1000 ASTRAZEN 14-Jul-23 Dividend – Rs. – 16.0000
TAPARIA 11-Jul-23 Bonus issue 4:1 ATUL 14-Jul-23 Final Dividend – Rs. – 25.0000
WIREFABR 11-Jul-23 Dividend – Rs. – 0.1000 AUBANK 14-Jul-23 Final Dividend – Rs. – 1.0000
AVADHSUGAR 12-Jul-23 Dividend – Rs. – 10.0000 BIMETAL 14-Jul-23 Dividend – Rs. – 12.5000
BLISSGVS 12-Jul-23 Final Dividend – Rs. – 0.5000 BOSCHLTD 14-Jul-23 Final Dividend – Rs. – 280.0000
JUBLFOOD 12-Jul-23 Final Dividend – Rs. – 1.2000 BSOFT 14-Jul-23 Final Dividend – Rs. – 2.0000
KIRLPNU 12-Jul-23 Final Dividend – Rs. – 3.0000 CONTROLPR 14-Jul-23 Final Dividend – Rs. – 5.0000
NDRAUTO 12-Jul-23 Final Dividend – Rs. – 5.0000 COROMANDEL 14-Jul-23 Final Dividend – Rs. – 6.0000
WHEELS 12-Jul-23 Final Dividend – Rs. – 3.9700 EXPLEOSOL 14-Jul-23 Dividend – Rs. – 5.0000
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

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