The NIFTY opened at 19385.70 with a gap down of just 13 points. The index bounced after recording its intraday low at 19373 in its initial trades and saw a sharp upside move. The rally took a pause around 19450 and then prices started a process of consolidation around that level. The range broke on the upside and the index rallied again. The upside move lasted till the end and the index recorded its intraday high at 19512.20. Prices have finally closed at 19497.30 near its day’s highs with a gain of 98.80 points or 0.51% up. REALTY and MEDIA led the bulls today and closed with a gain of over 2% followed by OIL GAS and AUTO. IT underperformed today and ended with a minor loss. FMCG and FINANCIAL closed without much of a change. Support is now visible around 18900 which is also the breakout point of a trading range. There is no visible resistance.


The BANK NIFTY opened at 45060.55 with a gap down of 137 points. The index initially moved higher, filled the gap, and then formed a consolidation. Prices have broken on the upside and then rallied further up. The index spent its second half moving sideways. Prices have recorded its intraday low at 45042.60, its intraday high at 45417.50, and finally closed at 45314.85 with a gain of 117 points. PSU and PVT BANKS both performed almost the same today, saw a mild up move, and closed higher by 0.73% &0.37% respectively. Within the index, in terms of points, AXIS BANK contributed the highest on the upside while INDUSIND BANK contributed the lowest. For the past four trading days, prices have been consolidating inside a narrow trading range. Since the range appeared after a sharp rally, we can assume it will break on the upside.


BSOFT 353.80 BUY The stock is about to give a breakout on the intraday and the daily chart. The stock can be bought above 355.70 with a stop loss of 352.55 and a target of 363.95.
MARICO 527.70 SELL The stock has given a breakdown on the intraday as well as the daily chart. The stock can be sold below 525.40 with a stop loss of 528.45 and a target of 518.35.


Stock Name Strike Price Buy/Sell CMP Initiation Stop Loss Target Remarks
AXIS BANK  1000 CE BUY 16.50 CMP 14.25 21.15 BREAKOUT
Long Buildup Short Buildup
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
MCX.23.07 Jul 1636.5 7.53 20.27 2102800 ACC.23.07 Jul 1818.8 -0.21 1.63 4830600
ZEEL.23.07 Jul 192.9 4.67 2.52 97830000 COLPAL.23.07 Jul 1789.95 -0.78 1.63 3401650
HINDCOPPER.23.07 Jul 122.5 4.66 0.89 26521200 EICHERMOT.23.07 Jul 3246 -2.12 17.91 5449675
M&M.23.07 Jul 1536.25 4.65 18.85 15966300 GODREJCP.23.07 Jul 1081.55 -2.01 1.83 5635000
SUNTV.23.07 Jul 467.15 4.62 11.67 9489000 HDFCLIFE.23.07 Jul 663.6 -1.35 1.29 22745800
                                                                        Short Covering                                                                       Long Unwinding
Stocks Price Price% OI % OI Stocks Price Price% OI % OI
APOLLOTYRE.23.07 Jul 410.8 3.55 -1.64 11422300 HDFCAMC.23.07 Jul 2268.2 -1.55 -2.43 2267100
AUBANK.23.07 Jul 783.9 3.4 -0.47 12282000 MARUTI.23.07 Jul 9919.85 -1.2 -0.65 2113300
BEL.23.07 Jul 125.3 2.29 -0.01 80124900 INDUSINDBK.23.07 Jul 1395.45 -0.89 -0.78 20418000
INTELLECT.23.07 Jul 623.05 2.17 -1.77 3179800 BAJFINANCE.23.07 Jul 7815.55 -0.63 -1.24 3814250
BANDHANBNK.23.07 Jul 231.1 2.03 -4.35 47817500 MUTHOOTFIN.23.07 Jul 1259.95 -0.61 -0.32 4794350


Stocks Price %Chg Total Qty Delivery Del % % Change
Sectors Price Change % Quantity
Bosch Limited 19514.85 1.84 46120 36637 82.04 Nifty50 19497.3 0.51 101826
Bharti Airtel Limited 869.65 0.35 6365222 3295493 76.92 Niftybank 45339.9 0.42 101760
Torrent Pharma Ltd. 1899.4 0.71 387583 235906 76.02 Nifty it 29805.2 -0.12 101760
Hdfc Ltd. 2795.9 -0.01 4800608 3521264 74.18 India Vix 11.84 -0.34 103593
Ultratech Cement Limited 8410.2 0.39 275687 140975 72.17 Nifty Fmcg 53765.65 -0.02 101760
Page Industries Limited 36988.8 0.73 25098 21828 71.47 Nifty Pharma 13871.6 0.72 101760
Gail (india) Limited 110.8 3.17 29145409 7744832 71.03 Nifty Realty 537.75 2.25 101760
Bharat Electronics Ltd 124.8 2.51 16906327 11083440 70.98 Nifty Auto 15453.7 1.12 101760
Infosys Limited 1343.9 -0.25 5963897 3756154 69.37 Nifty Metal 6325.35 0.53 101760
Reliance Industries Ltd 2638.75 2.1 8822948 3256582 68.86 Nifty Financial Services 20270.15 0.12 101760


   Domestic                                                                                                                                                  International
INR: FX Reserves, USD on 7th July, 2023

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

USD: Nonfarm Payrolls (Jun) on 7th July, 2023

USD: Unemployment Rate (Jun) on 7th July, 2023


  • The Indian market’s record run continues, with the 30-pack Sensex closing at a new high and the Nifty surpassing another milestone of 19,500 on July 6, making up for the previous day’s muted performance. Buying across sectors saw the Sensex close 339.60 points or 0.52% higher at 65,785.64 and the Nifty was up 98.80 points or 0.51% at 19,497.30.

  • Adani Green Energy has approved the proposal to raise Rs 12,3000 crore through a qualified institutional placement route on July 6. The news of the fundraising also lifted shares of Adani Green Energy over 2 percent higher during intraday trade.

  • Eicher Motors share price fell over 2.2 percent on July 6, marking its third straight session of losses. The market capitalization of the company has eroded by Rs 11,300 crore during this period as investors fear Hero MotoCorp and Bajaj Auto to eat into the company’s moat.

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


Company Name Purpose Meeting Date Company Name Purpose Meeting Date
AVONMERC General 07-Jul-23 GGL Quarterly Results 08-Jul-23
CEINSYSTECH General 07-Jul-23 GGPL Quarterly Results;General 08-Jul-23
COMPUAGE Quarterly Results;General 07-Jul-23 HINDZINC Interim Dividend 08-Jul-23
HCKKVENTURE Quarterly Results 07-Jul-23 RAYALEMA General 08-Jul-23
INDOUS Bonus issue;Increase in Authorised Capital;General 07-Jul-23 REGENCY General 08-Jul-23
INDXTRA A.G.M.;General;Stock  Split 07-Jul-23 SDBL Preferential Issue of shares;Issue Of Warrants;General 08-Jul-23
INFRATRUST General 07-Jul-23 SMGOLD Quarterly Results 08-Jul-23
INTELLCAP Preferential Issue of shares;Issue Of Warrants;General 07-Jul-23 UHZAVERI Quarterly Results 08-Jul-23
IOC Right Issue of Equity Shares 07-Jul-23 VIVIDM Quarterly Results;General 08-Jul-23
NAVKAR A.G.M.;General 07-Jul-23 VSL Quarterly Results;General 08-Jul-23
ORISSAMINE Audited Results 07-Jul-23 JAYKAY Right Issue of Equity Shares 09-Jul-23
RESPONSINF Quarterly Results 07-Jul-23 RAILTEL Final Dividend 09-Jul-23
ROSEMER Issue Of Warrants;General 07-Jul-23 ATHARVENT Quarterly Results;General 10-Jul-23
SEACOAST General 07-Jul-23 DBL General 10-Jul-23
SHAHALLOYS General 07-Jul-23 DPL Audited Results 10-Jul-23
SHARPLINE Preferential Issue of shares 07-Jul-23 EIMCOELECO Quarterly Results 10-Jul-23
SUZLON General 07-Jul-23 ESCORTSFIN Quarterly Results 10-Jul-23
VUENOW Preferential Issue of shares 07-Jul-23 INDITALIA General 10-Jul-23
WANBURY Audited Results 07-Jul-23 JRELTD A.G.M.;Quarterly Results;General 10-Jul-23
BAMPSL General 08-Jul-23 KRL Employees Stock Option Plan;Quarterly Results;General 10-Jul-23
BLSINFOTE General 08-Jul-23 NAZARA General 10-Jul-23
EMERALD Quarterly Results 08-Jul-23 OSCARGLO Quarterly Results 10-Jul-23

Corporate Action

Company Name Ex-Date Purpose Company Name Ex-Date Purpose
ACC 07-Jul-23 Dividend – Rs. – 9.2500 NUCLEUS 07-Jul-23 Final Dividend – Rs. – 10.0000
ADANIENT 07-Jul-23 Dividend – Rs. – 1.2000 PRESSMN 07-Jul-23 Final Dividend – Rs. – 1.0000
ALFREDHE 07-Jul-23 Final Dividend – Rs. – 3.5000 REDINGTON 07-Jul-23 Final Dividend – Rs. – 7.2000
AMBUJACEM 07-Jul-23 Final Dividend – Rs. – 2.5000 ROTO 07-Jul-23 Final Dividend – Rs. – 3.1500
ASHOKLEY 07-Jul-23 Final Dividend – Rs. – 2.6000 ROTO 07-Jul-23 Bonus issue 1:1
ATGL 07-Jul-23 Dividend – Rs. – 0.2500 RPEL 07-Jul-23 Final Dividend – Rs. – 1.0000
AXISBANK 07-Jul-23 Final Dividend – Rs. – 1.0000 SAH 07-Jul-23 Final Dividend – Rs. – 0.5000
BHARATFORG 07-Jul-23 Final Dividend – Rs. – 5.5000 SINCLAIR 07-Jul-23 Final Dividend – Rs. – 1.5000
BIOCON 07-Jul-23 Final Dividend – Rs. – 1.5000 SWARAJENG 07-Jul-23 Final Dividend – Rs. – 92.0000
CARERATING 07-Jul-23 Special Dividend – Rs. – 8.0000 ZFCVINDIA 07-Jul-23 Final Dividend – Rs. – 13.0000
CARERATING 07-Jul-23 Final Dividend – Rs. – 7.0000 LTIM 10-Jul-23 Final Dividend – Rs. – 40.0000
CORALFINAC 07-Jul-23 Final Dividend – Rs. – 0.3000 ONWARDTEC 10-Jul-23 Final Dividend – Rs. – 3.0000
CROMPTON 07-Jul-23 Final Dividend – Rs. – 3.0000 BALKRISIND 11-Jul-23 Final Dividend – Rs. – 4.0000
DELTACORP 07-Jul-23 Final Dividend – Rs. – 1.2500 BHARATSE 11-Jul-23 Dividend – Rs. – 1.4000
EIKO 07-Jul-23 Right Issue of Equity Shares DRREDDY 11-Jul-23 Final Dividend – Rs. – 40.0000
HAPPSTMNDS 07-Jul-23 Final Dividend – Rs. – 3.4000 GGENG 11-Jul-23 Right Issue of Equity Shares
JAYAGROGN 07-Jul-23 Final Dividend – Rs. – 5.0000 JSWSTEEL 11-Jul-23 Final Dividend – Rs. – 3.4000
LTTS 07-Jul-23 Final Dividend – Rs. – 30.0000 NEULANDLAB 11-Jul-23 Final Dividend – Rs. – 10.0000
MAWANASUG 07-Jul-23 Dividend – Rs. – 3.0000 PECOS 11-Jul-23 Final Dividend – Rs. – 3.0000
MUFIN 07-Jul-23 Bonus issue 2:1 PERSISTENT 11-Jul-23 Final Dividend – Rs. – 12.0000
NAVINFLUOR 07-Jul-23 Final Dividend – Rs. – 7.0000 PERSISTENT 11-Jul-23 Special Dividend – Rs. – 10.0000
NH 07-Jul-23 Final Dividend – Rs. – 2.5000 PIXTRANS 11-Jul-23 Final Dividend – Rs. – 6.0000

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