Domestic Market View
Nifty : Yesterday there was range bound movement only, there is no major news in market and VIX is at lowest level of last 1-1.5 years. So market will be in some more days of consolidation. Small support at 11530 as per the low of Bearish flag, Formation of Bearish pattern going on, But wait for Proper Breakdown, Last support for Nifty is 11470, if closes below that then slide till 11350 possible. A trigger is require to Confirm a Breakdown in market, Result session going on, so some large-caps may show you bad result. Yesterday again FII sold shares. From last 2 weeks Nifty was in range of 11630-11470, expect same for next 1 more week.
FII Sold shares worth Rs 216 Crore, DII Bought share worth Rs 592 crore. VIX at 12.02.
Bank Nifty : As per the yesterday report, There was a Bearish Flag, and market gave Breakout yesterday and target also done yesterday only, Yesterday low was 30334, Demand zone was there, and Bank nifty bounced 140 points from there. Support 30380-280 Resistance at 30550-700. 
Global Market View
US Index closed at All time high level again, Brent oil at $66.50, Gold at $1413. No Major news in global Market, No trigger in market, so expect some more days of consolidation. European also closed in green mark.
Stocks in News
- DHFL : Stock will be out of FNO contract after September Month. Link
- Today’s Result : DCB Banks, Federal Bank, HDFC Amc, Jay Bharat Maruti, MCX, Network 18,
- Brigade Enterprise : Announcement of Bonus Issues in ratio of 2:1. Link
- Ashok Leyland : Pant Nagar plant will be shut down for next 9 days. Link
- HDFC Bank : Special Dividend Announcement May be there.
- Stocks in FNO Ban : DHFL, IDBI, Reliance Capital, Reliance Infra.
- 11 Stocks shifted to Trade to Trade category. Link
Change in Circuit Limits
| Sr. No. | Scrip Code | Scrip Name | Price Band % Revised to |
| 1 | 542721 | Anand Rayons Ltd | 20 |
| 2 | 540602 | GTPL Hathway Ltd | 10 |
| 3 | 532658 | Eon Electric Ltd | 5 |
| 4 | 533289 | Kesar Terminals & Infrastructure Ltd | 5 |
| 5 | 513515 | SR Industries Ltd | 2 |
Stocks for Alert
Earlier there was an alert for CMI limited on 8th July, for a big slide in share price when it was at Rs 109, and now share price is at Rs 81, More lower levels upto Rs 68 will be there.
National Aluminium CMP Rs 47 : Stock is highly bearish, More lower level of Rs 40-38 will be there for sure. Even if we check trend-line support then it will come near Rs 38. so next 2-4 months it will try to touch lower levels of 40-38. No buying , no average now, If any rally then it would be a trap only. Better to wait patiently for Rs 38-40.
8:20 AM : SGX Nifty in flat opening, Asian Market also in flat trading, Brent at $66.50, Gold at $1415. No Major Trigger in Market.
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