Domestic Market View
Nifty was in Heavy volatile range, Overall it touched lower level of 11450 which was the support of Slope up trend line, But selling will be there after some small consolidation phase then again market will try to touch lower levels, FII sold shares worth Rs 674 crore, No Clarification on Surcharge, so don’t expect any high rally, Resistance will be at 11630, support at 11450. It’s a very heavy range and it will be in range of 11630-11450 only. VIX at 13.69, DII bought shares worth Rs 710 Crore. Again it will be a range bound session, Below average TCS Result, Indigo gonna drop 12-15% due to rift between Promoters.
Global Market View
US Index Closed in small gains, No Major news in Global Market, Brent up by $1 upto $64.80, Gold Unchanged $1395, Asian Peers Ended in mixed sentiment.
Stocks in News
- TCS : Quarter Result Seems Normal not upto Average, No Surprise In any Numbers, Margin Drops by 100 Bps, Approves Dividend of Rs 5 Per share. Link
- Today Result : Tera Software & HFCL.
- Ex-Dividend Today : Ultratech Cement Rs 11.5, Rites Rs 8, Orient Paper Rs 1.1.
- Bhageria Industries : Fixed Record Date 18th July 2019 for Bonus of 1:1 ratio. Link
- Sunil HiTech : Company will be suspended from Trading as on 17th July for the purpose of Liquidation process. Link
- Eris Life : Announced Record Date for BuyBack, Which is 15th July 2019. Link
- Indigo : Promoter Rift going on, one of the promoter posted letter to SEBI, High Issues of Corporate Governance, Stock now can’t sustain higher levels, expect it to drop to 1300-1150 in next 2-4 weeks. Link
- KRBL : ICRA Downgrades ratings from “AA Stable” to “AA-“. Link
Change in Circuit Limits
| Sr. No. | Scrip Code | Scrip Name | Price Band % Revised to |
| 1 | 538119 | R&B Denims Ltd | 10 |
| 2 | 540072 | Shiva Granito Export Ltd | 10 |
| 3 | 530961 | Vikas EcoTech Ltd | 5 |
| 4 | 535621 | S V Global Mill Ltd | 5 |
| 5 | 538351 | A.F. Enterprises Ltd | 5 |
Stocks for Buying
No New Stock Buying, One Can track our Short/Medium Term shares, all details is there in the attached Excel sheet. Google Drive Tracking sheet.
8:00 AM : SGX Nifty in 10 green points, Asian peers also in green, US futures flat to positive, Brent $64.80, Gold $1395
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