Domestic Market View
Nifty : Yesterday whole Consolidation day was there as expected, Overall Today View is Slight Negative with range bound movement, High Call writing at 11800 and above calls will restrict upside of market. Downside market will get critical Level of 11600. A Break and sustain below 11600 will open doors for 11400. Otherwise Market would be in range of 11830-11630.
Support : 11670-11600, Resistance 11735-11770. VIX at 15.22, VIX likely to rally upto 17-18 Due to budget. FII Bought shares worth Rs 207.33 Cr. DII Bought shares worth Rs 984 Cr. (This value is high mainly Because of Bulk Deal in Emami Ltd.).
Bank Nifty : Support 30420-30220, Resistance 30800-31000.
Global Market View
US Index closed with mixed view, no major news, no major volatility, Brent oil at $64 ( Above 65 then it will rally to $67.5). Asian peers again with mixed views. Gold at 6 years High at $1430 Due to Middle-east tension. Bitcoin at $11200 at 15 months high.
Stocks in News
- SBI Life : BNP Paribas to sell 2.5 Cr. share through OFS at price of Rs 650. Offer open today’s for Non Retial and for Retail open offer tomorrow. Link
- L&T Tech : L&T to sell 2 Lakh shares through OFS route, Offer open today’s for Non retail and for Retail open offer tomorrow, with floor price of Rs 1650. Link
- Airtel, Vodafone Idea continue to lose Customers, Jio and BSNL gain in April.
- Rites : Announced Bonus of 1:4 Ratio. Link
- IndiaMart IPO : Day 1 IPO Subscribed by 50%. Link
- Welspun Corp. : Announced Buy Back Rs 135, Starts from 5th July. Link
- Stock in FNO Ban : IDBI, JetAirways, Jain Irrigation, Reliance Capital, Reliance Infra.
Change in Circuit Limits
| Sr. No. | Scrip Code | Scrip Name | Price Band % Revised to |
| 1 | 533267 | Cantabil Retail India Ltd | 10 |
| 2 | 532658 | Eon Electric Ltd | 10 |
| 3 | 533144 | Cox & Kings Ltd | 10 |
| 4 | 533204 | Mandhana Industries Ltd | 10 |
| 5 | 542013 | Dolfin Rubbers Ltd | 5 |
| 6 | 535620 | Binny Mills Ltd | 5 |
| 7 | 541276 | Garv Industries Ltd | 5 |
| 8 | 532386 | California Software Company Ltd | 5 |
Stocks for Buying
HDFC Life : My System Alerting for Target upto 493, with stop loss of 389. Buy price 441. Time frame wait for 5-8 weeks. ( Earlier Buy initiated at 420, that was simple Breakout).
One Can track our Short/Medium Term shares, all details is there in the attached Excel sheet. Google Drive Tracking sheet.
8:00 AM : SGX Indicating flat opening, Asain peers in negative territory, US Futures in flat trading, Brent at $64.
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