MARKET EYE RBI CREDIT POLICY ON 10 AUG 2023

STOCK QUARTERLY RESULT ON 10 AUG 2023

Alkem Laboratories Ltd

Cholamandalam Financial Holdings Ltd

Container Corporation Of India Ltd

Grasim Industries Ltd

Hero MotoCorp Ltd

Ipca Laboratories Ltd

KRBL Ltd

Manappuram Finance Ltd

NBCC (India) Ltd

NCC Ltd

Page Industries Ltd

Pidilite Industries Ltd

COMPANY NAME

3M India Ltd

Alkem Laboratories Ltd

Apollo Tyres Ltd

Avanti Feeds Ltd

Bajaj Electricals Ltd

Campus Activewear Ltd

Chemplast Sanmar Ltd

Cholamandalam Financial Holdings Ltd

Container Corporation Of India Ltd

Endurance Technologies Ltd

Esab India Ltd

G R Infraprojects Ltd

General Insurance Corporation of India

Global Health Ltd

GMM Pfaudler Ltd

Graphite India Ltd

Grasim Industries Ltd

Hero MotoCorp Ltd

Honeywell Automation India Ltd

Ipca Laboratories Ltd

KRBL Ltd

Lemon Tree Hotels Ltd

Life Insurance Corporation of India

Manappuram Finance Ltd

Mazagon Dock Shipbuilders Ltd

NBCC (India) Ltd

NCC Ltd

Nuvoco Vistas Corporation Ltd

Page Industries Ltd

Pidilite Industries Ltd

Polyplex Corporation Ltd

Prince Pipes & Fittings Ltd

RHI Magnesita India Ltd

Samvardhana Motherson International Ltd

Sanofi India Ltd

Steel Authority of India Ltd

Torrent Power Ltd

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The domestic market started to adopt a defensive stance as investors awaited key inflation data for India and the US. The deflationary trend in China and the downgrade of the US middle and small banks influenced market sentiment. However, a late recovery in the domestic market was supported by a positive rebound in the European market and hopes that dovish RBI policy would not hurt domestic economic growth. Markets were volatile but eventually rallied nearly half a percent. After a weak start, Nifty gradually slipped and faltered in the narrow middle range, but a strong recovery in the last few hours completely changed the tone. Eventually it settled closer to the daily high of 19632; up 0.32%.The Nifty opened on a flat note and saw a highly volatile trading day today. The first half of the session saw a sell-off and an equally sharp fall in the second half, helping the Nifty to close about 60 points higher. On the daily charts, we can observe that Nifty is in the process of retracing the entire decline it experienced from 19990 to 19290. It is currently trading in the 19600-19700 zone, where resistance parameters in the form of the 20-day moving average (19650) are placed. On the upside, key Fibonacci retracement levels lie at 19650 -19725 where we can expect selling pressure to build. The current rally is a countertrend pullback that is likely to fizzle at Fibonacci retracement levels. The momentum setup on the daily and hourly time frame charts are providing mixed signals that may lead to consolidation in the near term. Overall, the trend is still negative and we expect the Nifty to target 19200 levels from a short-term perspective. Bank Nifty had a volatile trading day today. The main hourly moving averages in the 45000 - 45200range acted as resistance and came under selling pressure. There was a decline, but the price closed in the red. The daily momentum indicator has a negative crossover, which is a sell signal. Therefore, this decline should be used as a selling opportunity. On the downside, we expect 44,000 in the near term.

   

NIFTY & BANKNIFTY OUTLOOK & VIEW ON UPCOMING RBI CREDIT POLICY

Abbott India Ltd

Bata India Ltd

Berger Paints India Ltd

Bharat Forge Ltd

eClerx Services Ltd

EID Parry (India) Ltd

FDC Ltd

Granules India Ltd

Gujarat Pipavav Port Ltd

Indian Railway Catering & Tourism Corporation Ltd

J B Chemicals & Pharmaceuticals Ltd

Kalyan Jewellers India Ltd

KIOCL Ltd

Max Financial Services Ltd

Natco Pharma Ltd

P I Industries Ltd

Ratnamani Metals & Tubes Ltd

SJVN Ltd

Sunteck Realty Ltd

Tata Power Company Ltd

Trent Ltd

Uno Minda Ltd

Varroc Engineering Ltd

V-Guard Industries Ltd

V-Mart Retail Ltd

Zee Entertainment Enterprises Ltd

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Quarterly and annual earnings reports from the companies Nifty 50 and Bank Nifty play a crucial role in shaping market sentiment. Positive earnings surprises can create bullish sentiment and lead to increased buying activity and a rise in the stock price. Conversely, disappointing earnings results can spark bearish sentiment, leading investors to sell their holdings, leading to price declines. Sensex Today highlights: Benchmark equity indices fell on Tuesday as investors turned wary ahead of key events - RBI and US monetary policy - inflation data - due later this week. Continued capital outflows from abroad and the weak development in the Asian and European markets were also a spoilsport for the domestic markets.The market has traded Positive with the Sensex gaining 0.35% and closed at 65953 and Nifty was up by 0.41% intraday and closed at 19597 levels whereas Bank Nifty was down by 0.09% and settled at 44837. The Nifty index showed volatility but managed to close above the significant moving average of 21EMA and maintained support above 19500 points. A positive trend is expected as long as the index remains above 19500 with resistance at 19700 and potential for a rally towards 20,000.

MARKET EYE UPCOMING CREDIT POLICY ON 10 AUG 2023

RESULT ON 8 AUGUST 2023

Aarti Industries Ltd

Adani Ports & Special Economic Zone Ltd

Birla Corporation Ltd

Borosil Renewables Ltd

Brigade Enterprises Ltd

Chambal Fertilisers & Chemicals Ltd

Coal India Ltd

Data Patterns (India) Ltd

EIH Ltd

EPL Ltd

Eureka Forbes Ltd

Gujarat Alkalies & Chemicals Ltd

Gujarat State Fertilizers & Chemicals Ltd

Happiest Minds Technologies Ltd

Hikal Ltd

Hindalco Industries Ltd

Infibeam Avenues Ltd

Ircon International Ltd

Linde India Ltd

Lloyds Metals & Energy Ltd

Mishra Dhatu Nigam Ltd

Oil India Ltd

Phoenix Mills Ltd

Prestige Estates Projects Ltd

Siemens Ltd

Star Cement Ltd

Suven Pharmaceuticals Ltd

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Global equities traded cautiously on Monday after a mixed US jobs report, although US and Chinese inflation figures and China trade data due later this week could influence future Federal Reserve interest rate policy. The benchmark indices closed higher for the second consecutive day on August 7, with the Nifty at 19,600. To finish, the Sensex was up 232 points. Although markets started the week in firm sentiment, they remained range bound in morning trade. In the second half of the trading session, buying in IT and pharmaceutical stocks helped the index break its congestion and end the day at 19597, up 80 points. After today's positive open, the Nifty was consistently positive while the Bank Nifty ranged sideways to bearish on the day, ending the day with a sideways close. For investors the market consists of buy on dips with a strict stop loss of 19300 which also provides a strong base for the Nifty and if the Nifty closes below the stated level we can expect more profit booking. Bank Nifty was down 0.09% to close at 44837. Among sectors, Nifty AUTO, IT and PHARMA ended in the green, while Nifty Metal and PSU Bank and Media ended on the downside. Among Nifty stocks, Divis Lab, M&M and SBI Life Insurance were the biggest gainers, while SBI, Britannia and Tata Motors were the biggest laggards. India VIX was up 5% on the day and settled at 11. The volume profile shows that the index has strong support zone 19300-19400. As for the OI data, on the call side the highest OI is 19700 followed by a 19800 strike price, while on the put aside the highest OI is a 19500 strike price. On the upside, Bank Nifty has support at 44500-44600 while resistance lies at 45200-44350. The near-term focus will remain on the RBI's monetary policy decision, which is scheduled for Thursday. The market is already pricing in the status quo and expects no cut this year on inflation concerns. The Nifty has been in a countertrend pullback for the past few trading sessions. It closed the second consecutive trading session up around 80 points. Looking at the daily charts, we can observe that the Nifty has overlapped the swing low of 19565  and hence the decline is no longer impulsive in nature. The pullback still appears to be corrective in nature and is unlikely to continue at higher levels. It has reached the 61.82% Fibonacci retracement level (19600) of the 19795-19300 decline, which is likely to provide resistance. Also, the hourly momentum indicator has hit the equilibrium line, indicating that the pullback has matured and a new cycle can begin. Overall, we continue to maintain our negative stance on the Nifty and expect a 19100 level in the short term. Bank Nifty traded within the range of the previous trading session and ended in the red. As a result, an inside bar pattern has been formed on the daily charts, reflecting the extremes of the pattern, i.e. 45125 and 44525, at crucial levels from a short-term perspective. Violation of these levels on one side will result in movement in that direction. Taking into account the price and momentum setup, we expect the index to trade on a negative bias from a short-term perspective with targets of 44000.

RESULT AHEAD ON 7 AUGUST 2023

Alkyl Amines Chemicals Ltd

Bayer CropScience Ltd

Caplin Point Laboratories Ltd

Emami Ltd

ERIS Lifesciences Ltd

Gland Pharma Ltd

Gujarat Narmada Valley Fertilizers & Chemicals Ltd

HLE Glascoat Ltd

India Cements Ltd

Indigo Paints Ltd

Jindal Worldwide Ltd

Krishna Institute of Medical Sciences Ltd

Max Healthcare Institute Ltd

Medplus Health Services Ltd

PB Fintech Ltd

Poly Medicure Ltd

Rainbow Childrens Medicare Ltd

Restaurant Brands Asia Ltd

Sobha Lt

Sun Pharma Advanced Research Company Ltd

Tata Chemicals Ltd

The Ramco Cements Ltd

Torrent Pharmaceuticals Ltd

Whirlpool of India Ltd

FOR LIVE TRADING TIPS WHATSAPP US ON 9039542248

NIFTY PREDICTION FOR NEXT WEEK 7 AUGUST TO 11 AUGUST 2023

WEEKLY RESISTANCE FOR NIFTY: 19600, 19800, 20000

PIVOT POINT: 19400

WEEKLY SUPPORT FOR NIFTY:  19200, 19000, 18800

WEEKLY CHART FOR NIFTY

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Nifty resumed the uptrend on July 31 after a two-day decline, helped by positive global signals and buying in IT and metals stocks. At the close, Nifty was up 0.55% or 107 points to 19753. Volumes on the NSE continued to be higher. Broad market indices rose more than the Nifty, despite the advance drop ratio rising to 1.93:1. Asian stock markets are mostly higher on Monday after broadly positive signals from global markets on Friday and hopes of more stimulus from Beijing for the ailing Chinese economy after a drop in factory activity in July. In Europe, equities were mixed as the eurozone returned to growth in the second quarter on the back of falling inflation, despite GDP growing 0.3% qoq. Headline inflation in the euro zone fell to 5.3% in July. Nifty rebounded after a two-day decline and is now moving towards the 19825-19875 range. In the fall, 19550 could provide support. The broader market is doing even better, even though the earnings season has peaked for two weeks. Nifty gained 2.94% in July.  On 1 august in the absence of a new trigger, investors booked some gain. The domestic market is trading at a premium valuation. With the June quarter numbers not coming in better than expected so far, the stretched valuation is likely to trigger a market correction. The current rally is causing valuations to move beyond comfort levels. Sensex now trades at 25 times last year's earnings. It is important to note that the rally is being driven by P/E expansion and not corresponding earnings growth. Earnings growth in the first quarter of fiscal 2024 is subdued except in the banking sector and refining. The results indicate that rural demand has not yet picked up significantly. After opening 5 points higher at 66532 from the previous close of 66527, the Sensex remained volatile throughout the session, hovering around 270 points. The index finally closed 68 points lower at 66459, while Nifty ended the day down 20 points, at 19733. On 2^nd august he benchmark indices had a rollercoaster ride as the opening session was dominated by bears, but short coverage has emerged in the last few hours. Global equities fell on Fitch Ratings' downgrade of US Treasury debt, prompting a quick retreat from risky assets. Sensex closed at 65782.78, down 1.02%and Nifty closed at 19526.55, slipping 207 points, or 1.05 percent. While Bank Nifty closed the session at 44995.70, it was down 1.31 percent. The weakness also spread to broader markets as Nifty Midcap and Small Cap ended lower. India VIX is up 9.73% on the day to settle at 11.28. Nifty's put-call ratio remains at the 0.75 level. The Nifty opened a gap on the downside today and continued to drift lower throughout the day to close around 200 points down. On 3^rd august Global markets are still grappling with the impact of the US rating downgrade as bond yields soar and the dollar index rises. However, the pharmaceutical sector weathered the storm thanks to strong earnings results, while mid and small cap stocks outperformed the benchmark index. The domestic services PMI beat market expectations, hitting a 13-year high on a surge in new orders, particularly in international sales. Indian benchmark indices closed lower on August  3 with the Nifty below 19400. At the close, the Sensex was down 542 points, to 65240 and the Nifty was down 144 points to 19381. On Friday Benchmark indices closed higher on August 4 with the Nifty above 19500. At the close, the Sensex was up 480 points, to 65721 and the Nifty was up 135 points to 19517.

NIFTY: STRONG SUPPORT& STRONG RESISTANCE LEVEL

Technically, Nifty may move up and down in a tight channel with biggest hurdles at 19600  mark while intraday support is seen at 19300 mark.

 TECHNICALLY SPEAKING

Markets witnessed respite after the recent fall and gained over half a percent. After the gap-up start, Nifty hovered in a band throughout the session and finally settled at 19518 levels. Meanwhile, a mixed trend on the sectoral front kept the traders busy wherein IT, pharma and banking posted decent gains. The broader indices too participated in the move and gained nearly a percent each. Nifty has rebounded after testing the support at 19,300 but failed to reclaim the short-term moving average i.e. 20 EMA. We need sustainability above the same for further recovery else the decline would resume. Though we are seeing a dip in the global indices too, their trend hasn’t reversed yet, which is offering some comfort. Amid mixed signals, we advise staying selective and keeping a check on position size. All eyes will be on next week’s RBI monetary policy after the recent surge in food prices. Traders are pricing in no change on Aug.10 meeting.

NIFTY CHART & DAILY NIFTY BANKNIFTY UPDATES FOR 4 AUGUST 2023

RESULT ON 4 AUGUST

Bharat Heavy Electricals Ltd

IDFC Ltd

Mahindra & Mahindra Ltd

Rain Industries Ltd

State Bank of India

Tata Investment Corporation Ltd

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

Global markets are still grappling with the impact of the US rating downgrade as bond yields soar and the dollar index rises. However, the pharmaceutical sector weathered the storm thanks to strong earnings results, while mid and small cap stocks outperformed the benchmark index. The domestic services PMI beat market expectations, hitting a 13-year high on a surge in new orders, particularly in international sales. Indian benchmark indices closed lower on August  3 with the Nifty below 19400. At the close, the Sensex was down 542 points, to 65240 and the Nifty was down 144 points to 19381.

The Nifty opened a gap on the downside today and continued to drift lower throughout the day to close 145 points down. Looking at the daily charts, we can observe that the Nifty has faced sustained selling pressure, ending in the red for the second consecutive day. On the upside, it has moved towards a 40-day moving average (19285), which can serve as an immediate support zone to watch out for. On the other hand, the key hourly moving average in the 19550-19575 range is likely to act as an immediate hurdle zone from a short-term perspective. Given the sharp decline over the past few trading sessions, we can expect a drop/consolidation in the next few trading sessions. Overall the trend is still negative and we expect levels of 19150 in the near term. Bank Nifty has also seen a continuation of the decline. It has closed below the 40-day moving average (44850), which is a sign of weakness. On the downside, the decline appears to be overextended, so a pullback cannot be ruled out. It can bounce to 45,000-45500 where the major hourly moving averages are placed. Overall, the trend is still negative and we expect it to drop to 44000 in the near term.

NIFTY PREDICTION FOR TRADING ON 3 AUGUST 2023

IMPORTANT RESULT ON 3 AUGUST 2023

Bharti Airtel Ltd

Cummins India Ltd

Dabur India Ltd

Deepak Nitrite Ltd

LIC Housing Finance Ltd

Lupin Ltd

Mahanagar Gas Ltd

MRF Ltd

Sun Pharmaceuticals Industries Ltd

Zomato Ltd

The benchmark indices had a rollercoaster ride as the opening session was dominated by bears, but short coverage has emerged in the last few hours. Global equities fell on Fitch Ratings' downgrade of US Treasury debt, prompting a quick retreat from risky assets. Sensex closed at 65782.78, down 1.02 percent and Nifty closed at 19526.55, slipping 207 points, or 1.05 percent. While Bank Nifty closed the session at 44995.70, it was down 1.31 percent. The weakness also spread to broader markets as Nifty Midcap and Small Cap ended lower. India VIX is up 9.73% on the day to settle at 11.28. Nifty's put-call ratio remains at the 0.75 level. The Nifty opened a gap on the downside today and continued to drift lower throughout the day to close around 200 points down. On the daily charts, we can observe that the Nifty has closed below the 20-day moving average (19,622), which has served as support since the bullish movement began in April 2023, which is a sign of short-term weakness. The daily momentum indicator is showing a negative crossover, which is a sell signal, and the indicator is still off the equilibrium line, suggesting that weakness may persist. On the hourly charts, the Nifty has bounced off the bottom of the decline, however, a trend reversal is unlikely to occur on this channel. We expect Nifty to continue weakness and on the downside target 19,100 from a short-term perspective. Key support levels to watch for are 19,420 19,400 and on the upside, 19,600 19,630 is the immediate hurdle zone. Bank Nifty has also seen a sharp decline, closing well below the 20-day moving average (45,400), which is a sign of weakness. Since the daily momentum indicator is also showing a negative crossover, which is a sell signal, both the price and momentum indicators are pointing to further correction. On the downside, 44,000 is the short-term target with a reversal at 45,800.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 2 AUG 2023

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In the absence of a new trigger, investors booked some gain. The domestic market is trading at a premium valuation. With the June quarter numbers not coming in better than expected so far, the stretched valuation is likely to trigger a market correction. The current rally is causing valuations to move beyond comfort levels. Sensex now trades at 25 times last year's earnings. It is important to note that the rally is being driven by P/E expansion and not corresponding earnings growth. Earnings growth in the first quarter of fiscal 2024 is subdued except in the banking sector and refining. The results indicate that rural demand has not yet picked up significantly. After opening 5 points higher at 66532 from the previous close of 66527, the Sensex remained volatile throughout the session, hovering around 270 points. The index finally closed 68 points lower at 66459, while Nifty ended the day down 20 points, at 19733. On the daily chart, Nifty formed a small bearish candlestick, indicating indecisiveness between the bulls and the bears. Below 19,700, the market could retest the 19675-19625 level. Renewed uptrend rally is not possible until 19775 break and above that index could rally to 19850-19900.

Resistance: 19775, 19825, 19900

Support: 19625, 19550, 19500

NIFTY BANKNIFTY TRADING IDEA FOR 1 AUGUST 2023

STOCK SUGGESTED BY US IN 29 JULY POST TO CHECK VISIT https://niftytipsniftylevels.blogspot.com/2023/07/800-pm-stocks-to-trade-on-31-july-2023.html

HINDCOPPER 8 %U P 

IPCALAB UP BY 4% UP

GAIL UP BY 4 %

BSOFT UP BY 3%

1 AUGUST 2023 RESULTS

Adani Total Gas Ltd 

Anupam Rasayan India Ltd

Cholamandalam Investment & Finance Company Ltd    

Escorts Kubota Ltd   

PVR Inox Ltd

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

Nifty resumed the uptrend on July 31 after a two-day decline, helped by positive global signals and buying in IT and metals stocks. At the close, Nifty was up 0.55% or 107 points to 19753. Volumes on the NSE continued to be higher. Broad market indices rose more than the Nifty, despite the advance drop ratio rising to 1.93:1. Asian stock markets are mostly higher on Monday after broadly positive signals from global markets on Friday and hopes of more stimulus from Beijing for the ailing Chinese economy after a drop in factory activity in July. In Europe, equities were mixed as the eurozone returned to growth in the second quarter on the back of falling inflation, despite GDP growing 0.3% qoq. Headline inflation in the euro zone fell to 5.3% in July. Nifty rebounded after a two-day decline and is now moving towards the 19825-19875 range. In the fall, 19550 could provide support. The broader market is doing even better, even though the earnings season has peaked for two weeks. Nifty gained 2.94% in July. The bulls successfully defended the lower levels and found support around the 20-day moving average (20DMA) at 45500 in banknifty index, suggesting that they are poised to prevent further downside. On the other hand, bears have been holding strong around the 45600-45800 zone creating a significant area of ​​resistance. A break above this resistance zone would signal that the bulls are taking complete control and potentially take the index to new all-time highs. However, should the index break below the 45200 level, it may indicate further downside towards the 45,000-44800 level as the bears gather momentum and apply additional selling pressure.

Resistance: 19800, 19900, 20000

Support: 19700, 19600, 19500

8.00 PM STOCKS TO TRADE ON 31 JULY 2023

BAJAJFIN, INDUSIND ,BSOFT ,IPCALAB ,CANFINHOME, MCX, COALINDIA ,GAIL ,CONCOR, CUMMINS, GODREJCP ,GRANULES ,HAL ,PETRONET ,M&MFIN, TATAPOWER ,RBLBANK, SUNTV, UBL

TO GET BUY/SELL OR CALL/PUT IN ABOVE STOCKS WHATSAPP US ON 9039542248

NIFTY PREDICTION FOR NEXT WEEK 31 JULY TO 4 AUGUST 2023

WEEKLY RESISTANCE FOR NIFTY: 19200, 19400, 19600

PIVOT POINT: 19000

WEEKLY SUPPORT FOR NIFTY:  18800, 18600, 18400

WEEKLY CHART FOR NIFTY

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The week began with the Indian equity markets opening flat on 24 july 2023 due to a lack of significant triggers in the morning. As the day progressed, Nifty experienced choppy moves within a 100-point range. Eventually, during the second half the inclination was on the lower side, as Nifty ended with a loss of 0.37%, just above 19650. Benchmark stock indexes ended Tuesday's 25 july 2023 trading session marginally lower after consumer stocks slumped. The Sensex closed 29 points lower at 66355 while the NSE Nifty 50 closed 8 points higher at 19680. The two key equity benchmarks, Sensex and Nifty, on Wednesday 26 july 2023 snapped their losing run and showed a firm trading session on the back of strong Q1 earnings by Larsen & Toubro and Tata Motors. The domestic indices, which were volatile in the early part of the trading, turned stable ahead of the US Fed's outcome later tonight. Apart from that, IT and banks stocks witnessed some buying.The S&P BSE Sensex touched that a high at 66,897 and was up nearly 550 points at the high point of the day, pared gains and settled 351 points higher at 66707. On the other hand, the NSE Nifty50 hit a high of 19826 before closing with a gain of 98 points at 19778. Markets saw wild turmoil on expiry day as the announcement of another rate hike by the US Federal Reserve dampened sentiment and prompted investors to book gains in auto, banking and oil & gas stocks. However, after the recent correction, real estate and pharmaceutical stocks have been in the spotlight. Many investors are not comfortable with current valuations and are therefore returning their investment at every opportunity. Benchmark indices ended on a negative note on July 27 with Nifty at 19700. At close, the Sensex was down 440 points at 66266, and the Nifty was down 118 points at 19659. Indian equity benchmarks Nifty 50 and Sensex ended lower on Friday (July 28) amid selling in financial services, and IT stocks. The Nifty 50 ended at 19646, down 13 points while the Sensex settled at 66160, down 106 points. 

NIFTY: STRONG SUPPORT& STRONG RESISTANCE LEVEL

Technically, on intraday charts, the Nifty has formed a lower top formation, which is largely negative. For positional traders, the 20-day SMA or 19600 would act as a sacrosanct support zone. If the index succeeds to trade above the same, then it could bounce back till 19825. On further upside it could lift the market till 19900. On the flip side, a fresh sell off is possible only after the dismissal of 19575 and below the same it could slip till 19500-19400.

 TECHNICALLY SPEAKING

The Nifty opened on a flat note and saw volatile price action. The price declined in the first half and rallied sharply towards the end, helping the price clear intraday lows of around 14 points down. Looking at the daily charts, we can observe that the Nifty ended in the red for the second straight day. Trading is in a descenading channel and we expect it to consolidate within this channel. There may be a bounce towards the main hourly moving averages in the 19690-19700 area, from where we expect renewed selling pressures. On the weekly charts, the Nifty ended in the red after four straight weeks of gains, also suggesting that the Nifty may consolidate. The Momentum indicator has a negative crossover which is a sell signal and hence the pullbacks may be difficult to sustain. Overall, the short-term outlook remains in the 19500-20000 range. Key support levels to watch for are 19550- 19500 and on the upside 19700 - 19750 is the immediate hurdle zone. Nifty after falling in the early part of the session, recovered part of the losses on July 28 and formed a high wave doji pattern after a small fall. On weekly chart, Nifty fell 0.5% over the week after gaining for the previous four weeks. 19575 becomes a crucial support for the Nifty below which a fall of another 2% could follow and the 17-week rally from the low of 16825 could be said to have ended. 19750 could be a resistance for the near term.

Nifty 50 Records A Winning Streak Of The Best F&O Streak In Over 6 Years

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Markets saw wild turmoil on expiry day as the announcement of another rate hike by the US Federal Reserve dampened sentiment and prompted investors to book gains in auto, banking and oil & gas stocks. However, after the recent correction, real estate and pharmaceutical stocks have been in the spotlight. Many investors are not comfortable with current valuations and are therefore returning their investment at every opportunity. Benchmark indices ended on a negative note on July 27 with Nifty at 19700. At close, the Sensex was down 440 points at 66266, and the Nifty was down 118 points at 19659. Technically, the Nifty has formed a lower top and a bearish candle on the daily charts, suggesting further correction from current levels. For traders now 19800 would be the key resistance zone and below that the corrective wave is likely to last until 19600-19500. On the other hand, the market could rise above 19800 to 19850-19900.

Resistance: 19850, 19900, 19950

Support: 19800, 19750, 19700

NIFTY OUTLOOK & OPTION TRADING TIPS FOR 26 JULY 2023

TO GET BUY/SELL OR CALL/PUT IN BELOW STOCKS PLEASE WHATSAPP US ON 9039542248

STOKS TO TRADE ON 26 JULY 2023

ABFRL ,ABCAPITAL, DEEPAKNTR ,ASIANPAINT ,HINDCOPPER, INDIGO ,GAIL ,IRCTC, JINDALSTEL, LT ,MANAPPURAM ,MOTHERSON ,MGL, NAVINFLOUR, GLENMARK, NATIONALUM ,NMDC ,ONGC ,REC ,SUNTV, TATASTEEL

RESULT TOMORROW 26 JULY 2023

Aditya Birla Sun Life AMC Ltd

Axis Bank Ltd

Bajaj Finance Ltd

Bharat Petroleum Corporation Ltd

Cipla Ltd

Colgate-Palmolive (India) Ltd

Deepak Fertilizers & Petrochemicals Corp Ltd

Dr Reddys Laboratories Ltd

FCL Ltd

Kajaria Ceramics Ltd

Praj Industries Ltd

Punjab National Bank

REC Ltd

Syngene International Ltd

Tata Consumer Products Ltd

Tech Mahindra Ltd

Benchmark stock indexes ended Tuesday's trading session marginally lower after consumer stocks slumped. The Sensex closed 29 points lower at 66355 while the NSE Nifty 50 closed 8 points higher at 19680. Broader market indices ended the session on positive notes. Among industry indices, Nifty Metal was the top performer, up nearly 3 percent, while Nifty Auto performed well after strong Q1 results. The rise in metal inventories comes after the world's largest producer and consumer of metals, China, announced plans to further support the economic recovery from the coronavirus crisis. The Nifty opened positive but failed to hold higher levels and came under selling pressure for the first half of the session. The Nifty found support at the 50% Fibonacci retracement level (19675) of the 19350-19950 surge and staged a bounce that helped the Nifty close slightly in the green. The correction that Nifty is undergoing is unlikely to result in a trend reversal and this interim pullback should be used as a buying opportunity. The primary trend is positive and as such we will remain optimistic in the short-term. In terms of levels, 19625-19550 is likely to act as a crucial support zone and on the upside; 19850-19800 is expected to act as an immediate hurdle zone. Bank Nifty closed down for the third day in a row today. Selling pressure emerged after a positive open, suggesting that it was unable to sustain higher levels. On the other hand, 45650-45475, the 38.2% and 50% Fibonacci retracement levels, are likely to act as strong support zones from a short-term perspective. Overall, the trend remains positive and once this consolidation is complete, we can expect Bank Nifty to continue on its uptrend. On the upside, the expected target is 46500.

Resistance: 19700, 19800, 19900

Support: 19600, 19500, 19400

NIFTY OUTLOOK & OPTION TRADING TIPS FOR 25 JULY 2023

STOCKS TO TRADE ON 25 JULY 2023

CIPLA, DREEDY, IDFCFIRTSB, KOTAKBANK, LALPATHLAB,MARUTI, MCX,NAVINFLOUR, OBEROIRLTY ,PFC, RBLBANK, REC ,TECHM

STOCKS PREDICTION GONE PERFECT 🥳🥳

STOCKS SUGGESTED BY US FOR TRADING TODAY https://niftytipsniftylevels.blogspot.com/2023/07/stock-suggestion-to-trade-on-monday-24.html

CANFINHOME UP BY 6.09%

IGL DOWN 4.66%

DIXON DOWN 3.89%

SUNTV UP 2.98%

IDEA UP BY 4.46%

MPHASIS DOWN 4.20%

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

It was a volatile day in Dalal Street as the Nifty slipped below 19,700. FMCG and metals stocks suffered while PSU banks, pharmaceuticals and autos were among the top sector winners. Nifty winners include Dr. Reddys, SBI Life, IndusInd Bank, M&M and Coal India. Nifty losers include ITC, Kotak Bank, Tech Mahindra, RIL, Britannia and HUL. Broader markets were mixed with small caps outperforming. RIL declined on subdued O2C business performance, while ICICI Bank rose after a strong first quarter. Today, as expectations are being scaled back in line with ongoing first quarter results, we saw earnings bookings following earnings and news flow from heavyweights and financials. Investors should expect share prices to fall if eventual earnings results do not meet expectations. However, the PSE index attracted lively interest from participants as several of its index values ​​rose on likely MSCI inclusion and new clean energy orders, After today's flat open, the Nifty was volatile throughout the day and ended the day on a negative close. For investors the market consists of downside buys with a strict stop loss of 19500 and if the Nifty closes below the stated level we can expect more profit booking. The market traded negatively with the Sensex down 0.45% to close at 66384. and the Nifty down 0.37% on the day to close at 19672 while the Bank Nifty fell 0.33% to settle at 45923. The Nifty opened on a flat note and traded with a negative bias to close in the red down ~73 points. On the daily charts, we can observe that the Nifty is resuming the rise from 19303 to 19992. It is currently trading around the 50% Fibonacci retracement level and should attract buying interest. The daily momentum indicator has triggered a negative crossover, which is a sell signal. Both price and momentum indicators point to weakness. However, we still think this is a drop to take as the overall uptrend is still intact. In terms of levels, 19600-19580 is likely to act as a crucial support zone, and on the upside, 19800-19840 is likely to act as an immediate hurdle zone. Bank Nifty closed in the red today. From about 46,200 points there was selling pressure, which tended downwards. We believe that Bank Nifty is about to resume the rise it has been watching from 44547 to 46370. On the upside, it may slide towards 45750 – 45670 where support comes in the form of the 38.2% Fibonacci retracement level and the 40 hourly moving average. Overall, the trend remains positive and once this consolidation is complete, we can expect Bank Nifty to continue on its uptrend. On the upside, 46500 is the expected target.

STOCKS QUARTERLY RESULT ON 25-07-2023

Amber Enterprises India Ltd

Asian Paints Ltd

Bajaj Auto Ltd

CEAT Ltd

Cyient Ltd

Delta Corp Ltd

Dixon Technologies (India) Ltd

Hitachi Energy India Ltd

Jubilant Foodworks Ltd

Jyothy Labs Ltd

KPIT Technologies Ltd

Larsen & Toubro Ltd

Mahindra Holidays & Resorts India Ltd

SBI Life Insurance Company Ltd

Sundaram Clayton Ltd

Suzlon Energy Ltd

Tata Motors Ltd

Tata Motors-DVR

UTI Asset Management Company Ltd

STOCK SUGGESTION TO TRADE ON MONDAY 24 JULY 2023

CANFINHOME 

CHOLAFIN 

ASHOKLEY 

GAIL 

MPHASIS 

MUTHOOT 

COROMOMDEL 

DIXON 

ICICIGI 

IDEA 

IGL 

METROPOLIS

NAVINFLOR 

ONGC 

SUNTV 

ULTRACEM

TO GET BUY/SELL OR CALL/PUT IS ABOVE STOCKS WHATSAPP US ON 9039542248

NIFTY PREDICTION FOR NEXT WEEK 24 JULY TO 28 JULY 2023

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WEEKLY RESISTANCE FOR NIFTY: 19900, 20000, 20100

PIVOT POINT: 19700

WEEKLY SUPPORT FOR NIFTY:  19600, 19500, 19400

WEEKLY CHART FOR NIFTY

After a strong close last Friday, Nifty started this week on July 17, 2023 on a positive note and maintained positive sentiment throughout the day. Momentum remained strong thanks to smart buying in heavyweights, notably Reliance, followed by the banking sector. Nifty closed above 19700 up 0.75%, helped largely by strong buying over the past hour. On the morning of July 18, 2023, Asian signals presented a mixed picture for trading. Nevertheless, the leading index Nifty started the day with a strong gap-up opening. However, there was no significant follow-up as prices fluctuated within a 100 point range and finally closed below the opening level with nominal gains of 0.20%, just below 19750. US markets showed positive movement overnight and provided a good start for our markets on July 19, 2023. Although there was some sluggishness after the morning open, the bulls regained control in the second half, leading to Nifty closing at its highest point with a decent close gain of 0.44%, well above 19800. On Thursday, the weekly expiry day, July 20, 20 23, the benchmark index started flat and followed a similar pattern to the previous session, with profit booking in the first hour. However, the bulls saw this as an opportunity and launched a strong wave of buying throughout the session, almost reaching the 20,000 level. Ultimately, prices closed just below the 20,000 mark, up 0.74%. Benchmark indices closed lower on July 21 with Nifty below 19,800. At the close, the Sensex was down 887 points at 66684 and the Nifty was down 234 points at 19745. Equity markets trended higher for the week, making a series of new closing all-time highs. Continued inflows of FII funds and improved sentiment drove domestic stock markets higher. Good results from the ongoing earnings season, value added from the merger of HDFC and HDFC Bank and the demerger of Reliance, expectations of a peak in global inflation and signs of a soft landing in the US were some of the factors that set the backdrop for positive sentiment.

NIFTY: STRONG SUPPORT& STRONG RESISTANCE LEVEL

In the near term, the ongoing earnings season and FII inflows will continue to weigh on equity markets; However, some profit booking cannot be ruled out. We expect Nifty to spend some time near current levels to digest the recent surge and it would be healthy. In the meantime, participants should focus more on risk management for the existing businesses and favor sectors that are proving resilient for new positions. Among the key sectors, banking and finance still seem promising for further upside, while the rift in IT has delayed the trend reversal, so plan accordingly.

 TECHNICALLY SPEAKING

All eyes will be on next week's Federal Reserve and ECB monetary policy meetings. Investors would also look to various published macro data. As earnings season gathers momentum, we anticipate plenty of stock-specific action and direction for domestic equities in the coming week. In addition to index heavyweight Reliance, the banking sector is also likely to be in focus as ICICI Bank and Kotak Bank are due to report results over the weekend. Technically, the Nifty on the intraday charts has broken the crucial support at 19850 and is trading comfortably below it after the break, which is largely negative. Additionally, a strong intraday correction and a reversal pattern on the daily charts are also pointing to temporary weakness. Below 19850, weak sentiment is likely to continue, slipping down to 19700-19500. On the other hand, a renewed uptrend rally is only possible after the 19825 dissolution and beyond that, the index might retest the 19900-19950 level. Contra traders can place a long bet near 19540 with a strict stop loss of 40 points.

Markets hit fresh highs; Nifty closes just below 20,000 Mark 💹💹💹

STOCK SUGGESTED BY US IN 8.00 PM STOCKS, TO CHECK VISIT https://niftytipsniftylevels.blogspot.com/2023/07/800-pm-stocks-to-trade-on-for-20-july.html

ITC WENT UP BY 3% IN TOP GAINER

RESULT TOMORROW 21 JULY  2023

Aarti Drugs Ltd

Ashok Leyland Ltd          

Atul Ltd       

CreditAccess Grameen Ltd

DLF Ltd      

HDFC Life Insurance Company Ltd

Hindustan Zinc Ltd        

JSW Steel Ltd       

One 97 Communications Ltd  

Reliance Industries Ltd 

Tejas Networks Ltd         

UltraTech Cement Ltd   

Vedanta Ltd

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

Benchmark indices extended gains and closed near the daily high with the Nifty above 19950. Benchmark stock market indices closed positive on Thursday, with both the Nifty 50 and the Sensex making new all-time highs. At the close, the Sensex was up 474 points at 67571 and the Nifty was down 146 points at 19979. Broader market indices also gained momentum, reversing weakness seen in early trading. The value released by heavyweights (such as RIL and ITC) takes place in the knowledge of the most important indices. The expectation of good Q1 results from the banks gives additional impetus to explore new highs. Mixed signals from global peers are not hurting domestic market sentiment as FII inflows continue to weigh on Indian economic prospects. We believe in the potential of Jio Financial Services, but it is too early to discuss future prospects and roadmap. Let's patiently await Reliance Industries' upcoming Annual General Meetings and earnings dates to announce their extensive launches. After the spin-off, Jio Financial is now India's fifth largest financier and will battle head-to-head with the big NBFC and fintech firms. As India's financial services sector grows, digitization will be key to the growth of the addressable market, particularly in merchant and retail lending. Jio Financial intends to leverage Reliance's technical capabilities to democratize access to financial services for 1.4 billion Indians. Jio Financial is a prominent market player poised for transformation and future growth with a projected net worth of Rs.1,10,000 crore.

Nifty 50 remains above the critical moving average, which indicates a positive trend. Additionally, the RSI is showing a bullish crossover, indicating potential market strength. In the short term, the index is expected to remain positive. However, if it fails to break the 20000 mark, investors risk profit-taking. There is a support level at 19750 which could attract buying interest on any dips. Bank Nifty has successfully surmounted the key 46200 resistance level, suggesting the continuation of the upside momentum. The index features a series of higher highs and higher lows, which is a bullish pattern that confirms the strength of the uptrend. The support level for the index is 46700 and as long as this level remains intact on the closing basis the overall trend remains bullish. On the upside, the next immediate hurdle is at the 46500-46700 zone.

Resistance: 20000, 20100, 20200

Support: 19750, 19650, 195550

8.00 PM STOCKS TO TRADE ON FOR 20 JULY 2023

CANFINHOME 

GRANULES 

SUNTV 

ICICIPRULI 

COFORGE 

AUBANK 

IGL 

ITC 

MCX 

PFC 

TO GET BUY/SELL SUGGETION IN ABOVE STOCKS PLEASE WHATSAPP US ON 9039542248

20,000 Next Target For Nifty Bulls. What Traders Should Do On Wednesday 19 July 2023

WE ARE DOING OUR RESEARCH..STOCKS FOR TOMORROW WILL BE UPADTAED ANY MINUTE...STAY TUNNED

RESULT 19 JULY

Alok Industries Ltd  

Bank of Maharashtra           

Can Fin Homes Ltd  

Century Textiles & Industries Ltd  

Finolex Industries Ltd         

Hatsun Agro Product Ltd

Jubilant Pharmova Ltd        

L&T Finance Holdings Ltd

Mastek Ltd    

Tata Coffee Ltd         

Tata Communications Ltd

 TITAN SUGGESTED BY US IN STOCK PICKS TO CHECK VISIT https://niftytipsniftylevels.blogspot.com/2023/07/nifty-next-upside-target-seen-at-19800.html IN TOP LOSER TODAY

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On July 18, Indian equity markets continued their journey north for the fourth straight session, with the Sensex and Nifty surpassing 67000 and 19800 respectively, on the back of buying in the information technology, energy and capital goods sectors. At the close, the Sensex was up 205 points, to 66795 and the Nifty was up 37 points, to 19749. Amid mixed global signals, the market started the day strong with new record highs, but profit booking in the second half wiped out most of the intraday gains. Sensex and Nifty hit new record highs of 67007 and 19819 respectively. We expect the market's gradual uptrend to continue on the back of positive macro and micro factors. We recommend investors to look for a buy-on dips strategy as Q1 earnings season is expected to be positive. Globally, investors are expecting a busy earnings week, including quarterly results from some of the largest US banks. Today's (Tuesday) release of US Retail Sales and IIP data would be important from a Federal Reserve interest rate decision perspective. Currently, bulls are dominating the market and the index has hit all-time highs, indicating strong bullish momentum in the banking sector. The overall tone of the index remains bullish, suggesting that the trend is likely to continue. Traders and investors may consider a “buy on dip” approach, looking for opportunities to enter the market when the price falls. A key support level is observed at 45,000 which could serve as a significant support level for the banks index. Traders can use this level as a reference for setting their stop-loss levels or identifying potential buying opportunities. The next major hurdle for the index is 46,000. If the index manages to scale above this level, it could signal further bullish momentum towards . indicate target value of 46400.The Nifty saw continued buying interest and closed its third straight trading session in gains. It scored about 40 points. On the daily charts, we can observe that the Nifty is rising after breaking out of the 19500-19700 area. It is rising along the expanding upper Bollinger Band, suggesting that the positive momentum is likely to continue. However, considering that there can be a sharp rise when consolidating, the overall trend is positive and if there is a fall, it is worth going for. On the upside, the short-term target is 19900. In terms of levels, 19650-19600 will act as the crucial support zone, while 19850-19950 is expected to act as the immediate hurdle zone. Bank Nifty consolidated after a sharp rise in the previous session. This consolidation is a healthy sign and any dip should be used as a buying opportunity. The daily momentum indicator has a positive crossover and therefore every sip is a buying opportunity. On the other hand, we expect Bank to target Nifty levels of 46200 and 46600.

Resistance: 19800, 19900, 20000

Support: 19700, 19600, 19500