Domestic Market View
Nifty : Support 11820 – 11760, Resistance 11960-12000, Yesterday market took support of 11820 and bounced 80 points. Market not in mood of any Heavy Breakout and Breakdown, only Range wise movement 11770-12040. Critical Levels is 11770, if nifty sustain below this then 70-100 points lower level will be there.
Bank Nifty : Yesterday it took support of 30650, many time in last 2 week it reversed from this levels, Upside resistance 31000 and 31250. Critical Level is 30650-30600, if Bank nifty sustain below that then 250-400 more lower levels.
FII Bought 172 Cr. DII sold 444 Cr worth of shares. VIX Finally below 14
Global Market View
US Index closed in Half of Percent in Positive side, Brent recovered from lower levels of 59.80 to 62 levels, Still it’s a range bound from 60-62 levels, no major movement, Asian Peers yesterday recover heavy from lower level and closed in Slight green.
Stocks in News
- Tata Sponge : Approved Right Issues at Rs 500 worth of 1650 Cr. in the ratio of 15:7, Issue opening date 2nd July and closes on 16th July 2019. Link
- Indiabulls Housing Finance : The petitioner withdrawn the Writ petition in Supreme Court. Link
- Cholamandalam Finance : Split of Face value in ratio of 5:1. Price as per Yesterday is 1471 and now New opening price will be near to 290-300. Link
- Gruh Finance : HDFC will sell 4.2% stake in opening trades at Rs 290 per share, so don’t try to make any trading in this counter in first 15-25 minutes.
- Alkem Labs : USFDA Approves “Dapagliflozin” Medicine.
Change in Circuit Limits
| Sr. No. | Scrip Code | Scrip Name | Price Band % Revised to |
| 1 | 502820 | DCM Ltd | 20 |
| 2 | 532636 | IIFL Holdings Ltd | 20 |
| 3 | 532209 | Jammu & Kashmir Bank Ltd | 10 |
| 4 | 524748 | Link Pharma Chem Ltd | 10 |
| 5 | 532845 | TGB Banquets and Hotels Ltd | 10 |
| 6 | 532959 | Gammon Infrastructure Projects Ltd | 5 |
| 7 | 519494 | NK Industries Ltd | 5 |
| 8 | 532408 | Megasoft Ltd | 5 |
| 9 | 539229 | Majestic Research Services and Solutions Ltd | 5 |
| 10 | 539520 | Shailja Commercial Trade Frenzy Ltd | 5 |
| 11 | 500426 | UTL Industries Ltd | 5 |
| 12 | 540702 | Lasa Supergenerics Ltd | 5 |
| 13 | 507180 | Kesar Enterprises Ltd | 5 |
| 14 | 517498 | Websol Energy System Ltd | 5 |
| 15 | 521062 | Perfect-Octave Media Projects Ltd | 2 |
Stocks For Buying
- KEC International in range of 324-314 Stop loss 270 Target 355-380, Holding period 3-5 months.
- ADF Foods in range of 290-300 stop loss 230 Target 340-380, Holding period 3-6 months.
One Can track our Short/Medium Term shares, all details is there in the attached Excel sheet. Google Drive Tracking sheet.
Stocks Near Breakout
- V-Guard : If closes above 245-250 with Heavy Volume then it’s a good Breakout.
- TCS : If closes above 2270 with Heavy Volume then it’s a good Breakout.
- Nestle : If closes above 11750 with Heavy Volume then it’s a good Breakout.
- Raymond : If closes above 870 with Heavy Volume then it’s a good Breakout.
- JM Financial : If closes above 96 with Heavy Volume then it’s a good Breakout.
- GHCL : If closes above 272 with Heavy Volume then it’s a good Breakout.
- Indian Hotel : If closes above 160-162 with heavy volume then it’s a good Breakout.
- Gail : If closes above 360 with heavy volume then it’s a good Breakout.
8:00 AM : SGX Indicating negative opening of 30 points, US future flat to positive, Brent in positive territory, Asian Peers no heavy movement.
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