Oil, Gold, Bonds, Dollar, dollar buckles on US disinflation signs as Fed nears end of hiking cycle, BC 31408/1094/3.6%
Nifty:19413.75/29.45/0.15%;Candle:OF,Doji; Bank Nifty:44665.05/25.6/0.06% Candle:OF,Short day red, ; HB:OGD,Short day red,1651,
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SGX Nifty:% FII Long69%FutCash;2237;Opt97%
OI data Nifty ( max pain W19450M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:JSW Energy, Bandhan Bank, CCL Products (India), Coromandel Engineering Company, Den Networks, GTPL Hathway, Just Dial, Kesoram Industries, Sastasundar Ventures, Tata Steel Long Products, Unichem Laboratories, Vandana Knitwear, and VST Industries will be in focus ahead of quarterly earnings on July 14. Stocks like Avenue Supermarts, Star Housing Finance, Rallis India, Vakrangee, Ksolves India, Menon Bearings, and Trident Lifeline will be in focus ahead of their quarterly earnings on July 15.
The NSE has added Delta Corp to its F&O ban list for July 14, while retaining Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank, and Zee Entertainment Enterprises.
Market wrap up(DWM,T,N,E):The market had a healthy rally on July 13 morning but came off record highs in later part of the session due to profit taking at higher levels, and closed with moderate gains, with support from global peers after fall in US inflation. The rally was majorly led by technology and private banking & financial services. The BSE Sensex surpassed the 66,000-mark for the first time before closing with 165 points gains at 65,559, while the Nifty50 hit a fresh all-time high of 19,567, before ending the session at 19,414, up 30 points and formed bearish candlestick pattern on the daily charts, but made higher high, higher low formation. Overall, the index remained in the range of 19,300-19,500 levels for sixth straight session. “The indicators still showcase overbought sentiments, but the bulls are resilient in letting loose their grip,” said Osho Krishan, Sr. Analyst, Technical & Derivative Research at Angel One. As far as levels are concerned, he feels an authoritative closure above 19,500 could only trigger the next leg of rally towards 19,600-19,650. On the flip side, a series of support zone could be seen from 19,350-19,300 on an immediate basis, while the sacrosanct support lies at the bullish gap of 19,200-19,235, he said. The market breadth was in favour of bears with 1:2 ratio. The Nifty Midcap 100 and Smallcap 100 indices were down 0.8 percent and 1 percent, respectively.
