15 JULY 2022
Federal
Bank Ltd
Jindal
Steel & Power Ltd
Just
Dial Ltd
L&T
Technology Services Ltd
Oberoi
Realty Ltd
16 JULY
Bharat
Electronics Ltd
HDFC
Bank Ltd
ICICI
Prudential Life Insurance Company Ltd
18 JULY
Alok
Industries Ltd
Bank of
Maharashtra
HeidelbergCement
India Ltd
IndusInd
Bank Ltd
Metropolis
Healthcare Ltd
19 JULY
Ambuja
Cements Ltd
AU
Small Finance Bank Ltd
DCM
Shriram Ltd
Hatsun
Agro Product Ltd
HDFC
Life Insurance Company Ltd
Hindustan
Unilever Ltd
ICICI
Lombard General Insurance Company Ltd
JSW
Energy Ltd
L&T
Finance Holdings Ltd
Polycab
India Ltd
Rallis
India Ltd
20 JULY2022
CEAT
Ltd
Century
Plyboards (India) Ltd
Gland
Pharma Ltd
Hathway
Cable & Datacom Ltd
Havells
India Ltd
IndusInd
Bank Ltd
Mastek
Ltd
Oracle
Financial Services Software Ltd
Syngene
International Ltd
Tata
Communications Ltd
Wipro
Ltd
21 JULY2022
CSB
Bank Ltd
Gujarat
State Fertilizers & Chemicals Ltd
Happiest
Minds Technologies Ltd
Hitachi
Energy India Ltd
ICICI
Securities Ltd
Mphasis
Ltd
PCBL
Ltd
Persistent
Systems Ltd
22 JULY
Atul
Ltd
HDFC
Asset Management Company Ltd
JSW
Steel Ltd
Mahindra
CIE Automotive Ltd
UltraTech
Cement Ltd
23 JULY2022
ICICI
Bank Ltd
Navin Fluorine International Limited
Markets remained volatile on
the weekly expiry day and ended slightly lower. After the initial uptrend, the
benchmark drifted lower and traded with a negative bias for most of the
session. However, a rebound in select index majors over the past hour has
mitigated some losses. As a result, the Nifty index settled at 15938; down
0.18% while industry indices traded mixed, with IT, banks and real estate
ending losses while oil & gas, energy and consumer discretionary ended with
gains. Indian indices followed weak leads in global markets, reversing early
gains amid concerns over higher-than-expected US inflation data. Investors are
increasingly expecting the Fed to hike rates by at least 75 basis points this
month to combat high inflation. On the domestic front, India's WPI
inflation eased in June, although remaining at elevated levels, but is expected
to ease further over the course of the year. Benchmark indices ended flat in
the extremely volatile session on July 14th. At the close, the Sensex was down
98 points to 53416 and the Nifty was down 28 points to 15938. Global markets
were shaky as US inflation turned out to be worse than expected; Boost bets
that the Federal Reserve could become more aggressive with its interest rate
hikes. The market is simply following the herd mentality as most global
indices showed weakness, prompting domestic investors to further reduce their
stock holdings. Investors sold their positions in quality technology stocks on
concerns that the slowdown in the West and US could squeeze margins for
domestic IT companies. Technically, the Nifty has been trading consistently
below 15950 and the 50-day SMA (Simple Moving Average) level, which is largely
negative. On intraday charts, the index is holding onto a lower top formation,
indicating short-term weakness. For bulls, 16050 would be the key resistance
level and above that the index could rally to 16050-16100. On the upside, 15900
would be the key support level and if it slides further, the index could fall
to the 15850 -15750 levels. In
addition to the global headwind, the domestic signals also paint a mixed
picture. On the benchmark front, it is crucial for Nifty to hold 15950 or the
bias would shift sideways into the negative. While most sectors are trading in
line with the benchmark and drifting lower, defensive sectors such as FMCG and
pharma remain strong. Participants should adopt a cautious stance and adjust
their positions accordingly. The Nifty corrected towards the lower band of the
rising channel before closing slightly short of the daily low. On the daily
chart, the index remained below the key moving average. The daily RSI is
in a bearish crossover. On the lower end, the index could find support at
15850-15750. On the upper end, resistance is seen at 16050. The Bank Nifty
Index remained under selling pressure from higher levels and faced stiff
resistance in the 35250 -35450 range. Lower support stands at 34350 and if
breached will result in further selling pressure towards 3100. The index is
largely stuck in a range between 34100 and 35200 zones and a break on either
side will result in trend moves.
Resistance: 15950, 16050,
16150
Support: 15850, 15750, 15650
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