Domestic Market View
Nifty : As alerted in Previous Daily Reports and it came down from the Resistance of 11630, It’s not easy to Close above 11630. Continuous Delivery based Heavy selling by FII, and favorite stocks of FII like Bajaj Finance showing heavy selling pressure, Levels of 3200-3150 possible in Bajaj Finance as per Breakdown structure. Heavy Resistance at 11630-650 will remain there, and now Market is waiting fro a trigger for slide down to 11350. Selling by FII, weak structure, 1 hour close below 11470 then slide upto 11350 possible.
FII Sold shares worth Rs 850 Crore, DII Bought Shares worth Rs 940 Crore, VIX at 12 ( lowest level in last 1 year).
Bank Nifty : Same as Nifty, it reversed from the Supply zone of 30830-870, now formation of Bearish Flag is going on, so Expect more lower levels when it break the Bearish Flag, and then Target upto 30330-280 possible. Structure is Consolidation Bearish. 
Global Market View
US Index closed with good gains and closed at All time high levels, European Index closed with mixed gains, Asain peers in negative structure, China April-June GDP at 6.2. Brent oil at $66.50, Gold Closed at $1413.
Stocks in News
- DMart : Good Result. Link
- DHFL : 2224 Crore Loss, Very Bad Result. Link This is Un-audited Result, Audited Result will be there by 22nd July.
- Allahabad Bank : Fraud Detected of Rs 1774 Crore by Bushan Power & Steel Ltd. Link
- Infosys : Above Average Result, ADR up by 6%, Expect it to gap up by 2-3%. Growth in line. Link
- Future Enterprises & Group : CFO arrested by DIO in the matter of Custom Duty evasion. Link
- Today’s Result : Tinplate, Tata Metaliks , Bajaj Consumer, Automotive stampings.
- SH Kelkar : Buyback Starts from Today will closes on 26th July with Price of Rs 180. Link
- Niit Technology : Open offer at Rs 1394 starts from today and closes on 26th July 2019. Link
- Today WPI Inflation at 12 PM.
- Parag Milk : Long Term and Short Term Rating Upgraded by ICRA. Link
- Today FNO Ban : DHFL, IDBI, Reliance Capital, Reliance Infra.
- UPL : Bonus shares to list today. Link
Change in Circuit Limits
| Sr. No. | Scrip Code | Scrip Name | Price Band % Revised to |
| 1 | 542694 | Parshva Enterprises Ltd | 20 |
| 2 | 538943 | Sonal Mercantile Ltd | 2 |
| 3 | 513699 | Solid Stone Company Ltd | 2 |
Stocks for Alert
Precision Wire : Precision Wires CMP Rs 178 : Stock is bearish, anytime slide will start and it will stop near 135 levels, Heavy Bearish continuation formation going on, A weekly close below 175 then stock will slide to 135 in next 5-9 weeks, Stock is just waiting for a trigger, and in this kind of charts all rallies will be a trap only, No average now, wait patiently for Rs 135. It may take 4 months also, as Bearish consolidation will always take more time.
8:20 AM : SGX Nifty 35 points in green, US Index flat to negative, Asian Peers Recovered very fast in last 1 hour as per news about good growth in China GDP. Brent oil $66.45, Gold at $1414. Japan Nikkei Closed due to Holiday.
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