Nifty:19384.5/-55.1/-0.28%%;Candle:OGU,Short day red; Bank Nifty:44639.45/-105.6/-0.24% Candle:OF ; Short day red”HB:1642,Short day red,OF,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long72%FutCash;-1242;Opt93%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:The GIFT Nifty indicates a flat start for the broader index with a loss of 11.5 points on Thursday. The futures stood at 19,553.5. A bruised dollar was nudged lower still in Asia on Thursday, as traders took surprisingly slow U.S. inflation as a signal U.S. interest rate rises will be all but finished by month’s end. India’s third largest IT services firm HCLTech on July 12 reported 7.6 percent year-on-year (YoY) growth in net profit in the first quarter of fiscal 2024 ended on June 30, 2023. Sequentially, however, net profit was down by 11.2 percent due to ramp downs in deals and verticals like Hi-tech and telecom. India’s headline retail inflation rate snapped its four-month falling streak and rose to 4.81 percent in June from 4.31 percent in May, pushed up by a rise in vegetable prices and fading away of the favourable base effect, data released by the Ministry of Statistics and Programme Implementation on July 12 showed.
Events/Results:Wipro, Federal Bank, Aditya Birla Money, Tata Metaliks, Angel One, Avantel, Bhansali Engineering Polymers, GI Engineering Solutions, Sterling and Wilson Renewable Energy, and Unitech will be in focus ahead of quarterly earnings on July 13.
The NSE has added Hindustan Copper to its F&O ban list for July 13, while retaining Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank, and Zee Entertainment Enterprises, and removing BHEL, Delta Corp, and Granules India.
Market wrap up(DWM,T,N,E): The market continued its volatility for yet another session and closed a third of a percent lower on July 12 as the participants may be cautious ahead of inflation data announced later in the day. CPI inflation for June increased to 4.81 percent, from 4.25 percent in the previous month and core inflation rose to 5.1 percent from 5 percent in the same period. The BSE Sensex fell 224 points to 65,394, while the Nifty50 climbed above 19,500 for yet another session but failed to hold on to the same, declining 55 points to 19,384 and forming a long bearish candlestick pattern on the daily charts, with above-average volumes. “A long negative candle formed on the daily chart is indicating a lack of strength in the market to surpass the crucial overhead resistance of 19,500. The Nifty remained in a broader high-low range of 19,500-19,300 levels as of now. As per its range movement, the market is placed at the immediate support of 19,300 levels,” “A long negative candle formed on the daily chart is indicating a lack of strength in the market to surpass the crucial overhead resistance of 19,500. The Nifty remained in a broader high-low range of 19,500-19,300 levels as of now. As per its range movement, the market is placed at the immediate support of 19,300 levels,” Nagaraj Shetti, technical research analyst at HDFC Securities said.
On a move below 19,300, he believes that the market is likely to find another important support of 19,100-19,000 levels. Fresh buying interest could only emerge on a decisive move above 19,500 levels, he said. However, the broader markets outperformed frontliners as the Nifty Midcap 100 index gained 0.4 percent and Smallcap 100 index rose 0.8 percent, while the volatility dropped further to near historic levels, with the India VIX falling by 0.7 percent to 10.94 levels.
News:The GIFT Nifty indicates a flat start for the broader index with a loss of 8 points on Wednesday. The futures stood at 19,529. The initial public offer of Utkarsh Small Finance Bank is set to open on July 12 and bidding will close on July 14. The anchor book, the part of qualified institutional buyers, was opened on July 11. HCL Technologies is expected to report a net profit of Rs 3,782 crore in Q1FY24, according to average of the estimates by Philip Capital, Nirmal Bang, AMP, and HDFC Securities. This is a 5.3 percent decline quarter-on-quarter, and a 8.1 percent increase year-on-year.
Events/Results:Tata Consultancy Services, HCL Technologies, 5paisa Capital, Anand Rathi Wealth, Steel Strips Wheels, Artson Engineering, Hathway Bhawani Cabletel & Datacom, and Sanathnagar Enterprises will be in focus ahead of quarterly earnings on July 12.
The NSE has added Manappuram Finance to its F&O ban list for July 12, while retaining BHEL, Delta Corp, Granules India, Indiabulls Housing Finance, India Cements, Punjab National Bank, and Zee Entertainment Enterprises
Market wrap up(DWM,T,N,E):After two days of consolidations and correction, the market rebounded to near-record highs but could not sustain all those gains due to profit booking in the later part of the session. The Nifty50 sustained above 19,400 levels throughout the session, which seems to be important for further direction on either side of the market. “Technically, this pattern reflects an emergence of selling pressure at the highs. Presently, the Nifty is hovering within a high low range of around 19,300-19,500 levels over the last six sessions and presently tagging the upper band at 19,500 levels,” the momentum is expected to strengthen only on the Nifty moving beyond this range on either side. “a decisive upside breakout of 19,500 levels is expected to pull the Nifty towards another hurdle of 19,800 levels in a quick period of time. However, any weakness below 19,300 levels could result in a downward correction towards the next support of 19,100-19,000 levels in the near term,” Auto, FMCG, pharma, oil & gas, and select technology stocks supported the market, while the broader markets performed better than benchmarks as the Nifty Midcap 100 and Smallcap 100 indices gained 0.88 percent and 1.26 percent respectively.
Asia market rise as wall street snaps 3 day losing streak,Nik,32401/71/1% Dj,33944/209/0.62% Vix 15.1/1.6% US stock futures are little changed as traders look ahead to key inflation data, BC30511/207/0.84%
Oil, Gold, Bonds, Dollar, dollar falls to 3 week low vs yen ;inflation data boosts Norway’s crown
Nifty:19355.9/24.1/0.12%;Candle:OGU,Doji; Bank Nifty:44860.85/-64.15/-0.14% Candle:OF,Doji ; HB:OF,Doji,1661,
News:The GIFT Nifty indicates a positive start for the broader index with a gain of 24 points on Tuesday. The futures stood at 19,480. Direct tax collections at Rs 4.75 lakh crore, up 15.87% so far in FY24, Vedanta Ltd plans to go ahead with its semiconductor business venture despite Taiwan’s Foxconn pulling out of the joint venture which planned to invest $19.5 billion to set up a manufacturing unit in Gujarat, the metals and mining company said late July 10.
Events/Results:PCBL, Elecon Engineering Company, Excel Realty N Infra, Generic Engineering Construction and Projects, Plastiblends India, Eiko Lifesciences, and Welcure Drugs & Pharmaceuticals will be in focus ahead of the quarter earnings on July 11.
The NSE has added Indiabulls Housing Finance, Punjab National Bank, and Zee Entertainment India to its F&O ban list for July 11, while retaining Granules India, India Cements, BHEL and Delta Corp.
Market wrap up(DWM,T,N,E):The market managed to end with moderate gains due to recovery in late trade amid a rangebound session while taking support at 19,300 on the Nifty for yet another day on July 10. However, the broader markets remained under the control of bears. The BSE Sensex gained 64 points to settle at 65,344, while the Nifty50 rose 24 points to 19,356 and formed a bearish candlestick pattern with upper and lower shadows on the daily charts with above-average volumes. The index traded within the previous day’s range and overall, has been consolidating in the 19,300-19,500 range for the last five trading sessions, indicating uncertainty about the further trend in the market. “Both the Call & Put writers are battling it out at 19,400 strike in the Nifty to dethrone the other, which makes it an important level to monitor on Tuesday,” On the broader markets front, the Nifty Midcap 100 index corrected 0.4 percent and Smallcap 100 index gained 0.6 percent
Nik, Dj,33734/-187/-0.55% Vix 14.83/-4% US stock stumble on friday , notching weekly losses, as traders rate hike fears return, BC 30290/160/0.3%
Oil,73.86 up 3% , 9 weeks high on supply concerns, Gold,1932.5, rises as dollar , yield slips after US jobs data, Bonds,4.066, after 16 year high, 2 year treasury yield falls Dollar,slips as US jobs growth slow in june, Yen jumps,
Nifty:19331.8/-165.5/-0.85%;Candle:OF, Short day red; Bank Nifty:44925/-414.9/-0.92% Candle:OGD,Short day red ; HB:1660;0.9%;OF; Short day red,1664;
Nifty :Supp Rest
Banknifty: Supp Rest .
SGX Nifty:% FII Long70%FutCash;790;Opt100%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:The NSE has added Granules India, and India Cements to its F&O ban list for July 10, while retaining BHEL and Delta Corp.
Market wrap up(DWM,T,N,E):The market reversed some of the gains of the past week, which saw benchmarks hit new highs, to end lower on July 7, weighed down by FMCG, banking & financial services, technology and metal stocks. The broader markets also felt the selling pressure, with Nifty midcap 100 and smallcap 100 indices declining 0.8 percent and 0.4 percent. The Sensex dropped 505 points to 65,280, while the Nifty fell 166 points to 19,332 and formed a bearish candlestick with a long upper shadow on the daily charts. “Technically this pattern indicates rejection of bulls at the new highs. This could also be considered as a short-term top reversal pattern,” The present weakness could be considered as a higher top reversal of the pattern. “Immediate supports like ascending resistance line as per change in polarity and daily 10 period EMA (exponential moving average) are placed around 19,200 levels, which could be an immediate cluster support for the market on further weakness,”
Asia markets extend decline as US jobs data triggers sell off on wall street, Nik,32607/-167/-0.51% Dj,33922/-366/-1.4% Vix15.44 / 8.9% US stock futures are little changed as investors look toward Friday jobs report, BC
Oil,71.8, near flat as tighter oil supplies offset US rate hike risk, Gold,1916.1, dips as strong labor data fuels rate hike bets, Bonds,4.048, 2 year treasury yield hits 16 year high after ADP jobs data shatters expectations, Dollar, eases after strong labor market reports,
Nifty:19497.3/98.8/0.51%;Candle:OGD,Doji; Bank Nifty:45339.9/188.1/0.42% Candle:OGD,Short day green, ; HB:Flat,Doji,1675
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long73%FutCash;2641;Opt100%
OI data Nifty ( max pain W19450M)
OI data Bank Nifty Nifty(max pain W M)
News:The GIFT Nifty indicates a flat start for the broader index with a gain of 15 points on Friday. The futures stood at 19,503. The Reserve Bank of India (RBI) on July 6 said it will conduct a four-day variable rate reverse repo auction for a notified amount of Rs 2 lakh crore on July 7. Titan Company on July 6 said it has registered a 20 percent year-on-year (YoY) revenue growth with all key consumer businesses exhibiting double-digit growth for the quarter ended June 30, 2023. US weekly jobless claims rise moderately; layoffs drop in June, Bitcoin hit its highest level in 13 months on Thursday rising as much as 3.28% to $31,500.
Events/Results:The National Stock Exchange has added BHEL and Delta Corp to its F&O ban list for July 7.
Market wrap up(DWM,T,N,E):The market turned strong again after two-day losses for consolidation, and jumped to new highs on July 6, backed majorly by foreign institutional investors’ support. Buying interest was seen in auto, oil & gas, select banks, metal, and pharma stocks. The BSE Sensex hit a new all-time high of 65,833 and ended with 340 points gains at 65,786, while the Nifty50 finally hit 19,500 mark intraday for the first time, rising 99 points to end at record closing high of 19,497, and formed bullish candlestick pattern on the daily charts. “A long bull candle formation signals that the market is in a sharp up trended move and there is a lack of selling interest at the new highs. This could be considered as an uptrend continuation pattern,” Nifty reached the initial upside trajectory of 19,500 levels, which is 1.236 percent Fibonacci projection of weekly latest bottom-top-bottom swings. Hence, a sustainable move above this hurdle could pull Nifty towards another resistance of this projection at 19,800 levels -1.382 percent projection in the coming weeks, he feels. The immediate support is at 19,400 levels. The broader markets rallied for yet another session, backed by positive breadth. The Nifty Midcap 100 index climbed 1 percent and Smallcap 100 index gained 0.8 percent.
Nifty:19398.5/9.5/0.05%;Candle:OF,Doji; Bank Nifty:45151.8/-149.65/-0.33% Candle:OGD,DoJi, ; HB:OGD,Short day red, 1675,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:19490/-22/-0.12% FII Long72%FutCash;1603;Opt101%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
News:The market is likely to open flat today as the GIFT Nifty indicates a muted start for the broader index, with a loss of 13.50 points after opening the session at 19,498.50. Federal Reserve officials struck a tenuous agreement to pause interest-rate increases at their June meeting, all but committing to hike again later this month in a bid to keep fighting stubborn inflation. JSW Steel will replace mortgage major Housing Development Finance Corporation (HDFC) in S&P BSE Sensex index from July 13, according to the bourse’s release on July 5. Computing solutions provider Netweb Technologies has raised Rs 51 crore from institutional investors in a pre-IPO placement, resulting in the reduction of fresh issue size in its forthcoming IPO.
Events/Results:The National Stock Exchange has removed Indiabulls Housing Finance from its F&O ban list for July 6 and has not added any fresh stock to the list.
Market wrap up(DWM,T,N,E):The market ended the rangebound session on a flat note on July 5, with the benchmark Nifty continuing its uptrend for the seventh consecutive session but the BSE Sensex snapped six-day gains. Auto, FMCG and select IT stocks supported the market, whereas there was some profit booking in banking and financial services. The BSE Sensex fell 33 points to 65,446, while the Nifty50 rose 10 points to 19,399 and formed an Inside Bar kind of candlestick pattern on the daily charts. “The Nifty remained in sideways movement over the past two days, suggesting a lack of demand at higher levels. However, the overall trend remains strong, as the index continues to sit comfortably above critical moving averages, indicating the absence of aggressive short positions at this time,” On the higher end, he feels the resistance is placed between 19,450 and 19,500 which the Nifty might face some difficulty in surpassing. Looking ahead, it is expected that the Nifty will likely continue to trade sideways, as long as it sustains within the range of 19,200 to 19,500, implying rangebound trades unless there is a directional breakout, he said. The broader markets performed better than benchmarks as the Nifty Midcap 100 and Smallcap 100 indices gained more than 0.7 percent each on positive breadth.
Asia markets broadly fall as services activity in Japan, china in expansion territory, Nik,33312/-96/-0.29% Dj,34418/11/0.03% Vix13.7/1% Us stock futures are little changed Tuesday night in a holiday shortened night, BC 30801/-490/-1.6%
Oil, Gold, Bonds, Dollar, yen steady as market on intervention alert , Aussie up before RBA decision,
Nifty:19389/66.45/0.34%;Candle:OGU,Doji; Bank Nifty:45301.45/143.35/0.32% Candle:OGU,Doji ; HB:OGU,Doji,1730,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gifty Nifty:% FII Long72%FutCash;234;Opt103%
OI data Nifty ( max pain W19300M)
OI data Bank Nifty Nifty(max pain W M)
News:The GIFT Nifty indicates a flat start for the broader index with a gain of 19.50 points on Wednesday. The futures stood at 19,513. LTIMindtree, a subsidiary of engineering giant Larsen & Toubro, will replace mortgage major Housing Development Finance Corporation (HDFC) from the Nifty 50 index from July 13. Lodha Group, listed as Macrotech Developers, has recorded its highest-ever first-quarter pre-sales at Rs 3,353 crore, marking a robust start to the financial year 2023-24.
Events/Results:The National Stock Exchange has retained Indiabulls Housing Finance to its F&O ban list for July 5.
Market wrap up(DWM,T,N,E):The market has been witnessing continued buying interest for six days in a row. But technical indicators on July 4 showed some tiredness on the charts, signalling the possibility of some correction or consolidation in the next few days as the Nifty50 surged 788 points in the last six days. “Given the recent strong surge, indicators are entering an overbought territory, and prices are significantly deviating from the 5-day EMA (exponential moving average 19,178), indicating the possibility of occasional dips or sideways consolidation in the short term,” “The support levels to watch are the bullish gap left on Monday around 19,200–19250 followed by strong support at the psychological level of 19,000. On the upside, the immediate resistance is at 19,500–19,540 in the uncharted zone,” We have seen buying in technology, select banking and financial services, and pharma stocks, whereas there was correction in select auto and oil & gas stocks.
Nifty:19322.65/133.5/0.7%;Candle:OGU,Doji; Bank Nifty:45158.1/410.75/0.92% Candle:OGU,Short day green ; HB:1721;OGU.Doji,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long70%FutCash;1993;Opt105%
OI data Nifty ( max pain W19.3M)
OI data Bank Nifty Nifty(max pain W M)
News:The GIFT Nifty indicates a flat start for the broader index with a loss of 7.50 points on Tuesday. The futures stood at 19,439. Gujarat-based stainless steel products manufacturer Ratnaveer Precision Engineering has received approval from the capital market regulator for fundraising through an initial public offering. It was the second public issue that received a go-ahead from the Securities and Exchange Board of India (Sebi) last week, after another Gujarat-based company, SPC Life Sciences. The public issue of Kolkata-based jewellery retailer Senco Gold to open on July 4 and close on July 6. The anchor book opened for investors for bidding for a day on July 3. IDFC First Bank and IDFC Ltd on July 3 said that the ratio of the merger will be 155:100.
Events/Results:The National Stock Exchange has retained Indiabulls Housing Finance to its F&O ban list for July 4.
Market wrap up(DWM,T,N,E):The BSE Sensex climbed 486 points to 65,205, while the Nifty50 jumped 134 points to 19,322.5 and formed bullish candlestick pattern on the daily charts. “A long bull candle was formed with gap up opening. We observe unfilled gaps in the last three sessions, which is signaling a bullish run away gaps. Normally, such bullish runaway gaps area formed in the middle of the trend,” Though Nifty being placed at all-time highs, still there is no indication of any reversal building up at the higher levels, Hence, the crucial overhead resistance comes around 19,500 and next at 19,800 levels, which are 1.236 percent and 1.382 percent Fibonacci projections, taken from the bottom-top-bottom swings as per weekly timeframe chart, he said, adding that immediate support is at 19,200 levels. The broader markets also traded higher for the fifth consecutive session, with the Nifty Midcap 100 index rising 0.25 percent and Smallcap 100 index climbing 1.23 percent on positive breadth.
News:The Gift Nifty indicates a flat start for the broader index with a gain of 15 points on Monday. The futures stood at 19,360 points.India’s forex reserves dropped $2.901 billion to $593.198 billion in the week ended June 23, the Reserve Bank said on Friday.
Events/Results:The National Stock Exchange has added Indiabulls Housing Finance to its F&O ban list for July 3.
Market wrap up(DWM,T,N,E):The market reached new heights on the very first day of the July series, i.e. June 30, mainly backed by technology and banking & financial services stocks. The volatility also sustained at historic lows, indicating the markets may remain stable in the near future. “This surge in the Nifty followed a breakout from a period of consolidation, indicating strong bullish reversal. The overall trend appears positive in the near term as the index has consistently remained above its moving average,” Furthermore, he feels the momentum indicator RSI (relative strength index) has shown a bullish crossover on the daily timeframe, suggesting strong momentum. Looking ahead, “there is potential for the index to move towards 19,450 in the short term, indicating further upward movement. However, on the downside, there is support at 19,000,” Bulls also support the broader markets throughout week as the Nifty Midcap 100 and Smallcap 100 index gained 0.66 percent and 0.42 percent, respectively. The BSE Sensex rallied 803 points or 1.26 percent to 64,719, while the Nifty50 jumped 217 points or 1.14 percent to 19,189 and formed a bullish candlestick pattern on the daily charts, with making higher highs, higher lows formation for the third straight session.
