Domestic Market View
Nifty : On Friday market slipped in to Negative Territory from first very minute and kept on Sliding on every hourly basis, Pure selling was there, FII on selling spree From 1st July till 20th July FII sold nearly Rs 7500 Crore, and again they will sell more in upcoming days, Market is in situation of “Sell on Rise”. VIX was up by 4%, Heavy open Interest at 11300 strike indicating some support near 11300, and Heavy open interest on 11600 put, indicate that range till expiry would be 11300-11600. Today as per the charts If Market open by 30-45 points Gapup (In range of 11460-11445) then Sell it will stop loss of 11500 for target of 11400-11380 ( Only when it open Gapup).
FII sold shares worth Rs 950 Crore, DII Bought Share worth Rs 734 Crore, VIX at 12.52.
Nifty Small Gapup Trade
Nifty Support at 11350-11300, Resistance at 11480-11530.
Bank Nifty : Weak as compare to Nifty, overall it closed below 30000 also create more selling pressure. Overall for Intraday basis it will take small support of 29500-29300, Resistance wise 30000 is heavy resistance and above that 30250 is next resistance.
Global Market View
US Index closed in Red mark, Brent Oil $62.80, Asian closed in Green mark on Friday but in weekend Protest started in Hongkong for the extradition policies, US Market is waiting for FED rate cut (Meeting July 30-31), If that happen then good otherwise more selling pressure will be there on Global Market.
Stocks in News
- Ex-Dividend : There are 21 share to go Ex-Dividend today, some names are West Coast Paper Rs 5, Bata India Rs 6.25, Blue Dart Rs 12.5, National Peroxide Rs 65, Other names you can see in this list. Link
- Result : There are 32 shares to Announce Result today, some names are Can fin Homes, DHFL, Justdial, Kotak Bank, TVS Motors, other names you can see in this list. Link
- HDFC Bank Posted Good number, but slight Increase in NPA number. Link & you can also check Result Review and Technical Analysis By City-Investment. Link
- Reliance Posted Good numbers backed By Retail and Digital Profit, their main petrochemical Business is slightly down. Link & you can also check Result Review and Technical Analysis By City-Investment. Link
- Kotak Mutual Funds Exposure in DHFL at Rs 140 Crore.
- Amaraja Batteries : Good Result but less growth in Revenue part. Link
- L&T Finance Holding : Average Result. Link
- Interglobe Aviation : Very Good Result, But Many things are discounted already and on going Promoter rift will dampen Gapup rally. Link
- Triveni Engineering : Buy Back offer open today and closes on 2nd August 2019, through Tender Offer Basis at price of Rs 100. Link
Change in Circuit Limits
| Sr. No. | Scrip Code | Scrip Name | Price Band % Revised to |
| 1 | 500365 | RMG Alloy Steel Ltd | 10 |
| 2 | 533200 | Talwalkars Better Value Fitness Ltd | 10 |
| 3 | 541545 | Talwalkars Healthclubs Ltd | 10 |
| 4 | 542503 | Mahip Industries Ltd | 10 |
| 5 | 519383 | Anik Industries Ltd | 5 |
| 6 | 540736 | Siddharth Education Services Ltd | 5 |
8:20 AM : SGX Nifty down by 25 points, Asian Market is in Negative mark, Mainly Hongkong is the main Issue down by 1% due to Extradition Protest, Brent oil Up by 1% upto $63.20, Gold Near $1427.
Other ways to connect with us.
Website : www.cityinvestwisely.com
Facebook Page : https://www.facebook.com/cityinvestmentservices
Telegram Equity Channel : https://t.me/cityinvest
Telegram FNO Channel : https://t.me/cityfno
Telegram Equity Group for Discussion : https://t.me/Stocktalkdiv
Telegram FNO Group for Discussion : https://t.me/Fnotalkdiv
Telegram All world Assets Information : https://t.me/allworldassets
Quora : https://www.quora.com/profile/Divish-Saini-2
Twitter : https://twitter.com/gameoftrend
