Domestic Market View

Nifty : After yesterday 100 points rally, nifty likely to form short term bottom in between 11650-11630, now expectations are after this expiry Pre-Budget rally will start which will be there only when Nifty closes above 11840-11800. Market is near Bearish Channel Resistance line which is at 11850-11830, Even at this point of time Nifty formation looks like Rectangle ( Sideways movement from last 3-5 days) this movement will give you Breakout/Breakdown soon, (90% I am expecting Breakout). May be on Expiry or day after Expiry Heavy movement will be there, Many times a New Trend starts with the new Expiry (Experienced this many time in last 2-4 years). Minimum move of 140-180 points would be there after Confirming Breakout.

FII Bought shares worth Rs 1157 Cr. (This value also include Block deal by one FII in Icici Lombard), DII Bought shares worth Rs 377 Cr.  VIX at 15. 

Global Market View

US Indexes Closed in Red mark Dow Down by .67%, S&P and  Nasdaq down by above 1%. Brent oil closed at $ 64.20, Asian Peers were mixed yesterday. Yesterday US State secretary Mike Pompeo arrived in India it is a “getting to know each other” kind of meeting. Gold down by 1.5% after 4 days of continuous rally.

Stocks in News

  1. L&T Tech : Open Offer opens for Retail at Floor Price of Rs 1650.
  2. SBI Life : Open Offer Opens for Retail at Floor Price of Rs 650.
  3. NTPC : Wins Project of 40 MW Solar Capacity Installation Link
  4. Persistent Systems Bought Germany  Company “Youperience GmbH” worth 48 Lakh Euro.
  5. India Mart IPO : Subscribed 1.04 times on second day of Application.
  6. Stocks in FNO Ban : Adani Power, IDBI, Jet Airways, Reliance Capital.
  7. Apcotex Industries : Announced Split of Face Value From Rs 5 to Rs 2, Ex-Date 4th July.
  8. DHFL : Defaulted in Unsecured Commercial Paper, out of 375 Cr. they paid only 150 Cr. Rest 225 Cr. shall be paid in couple of days. Link

Change in Circuit Limits

Sr. No. Scrip Code Scrip Name Price Band % Revised to
1 539762 Modern Converters Ltd 20
2 542655 Vikas Multicorp Ltd 10
3 524808 Phyto Chem India Ltd 10
4 530961 Vikas EcoTech Ltd 10
5 539098 Filtra Consultants and Engineers Ltd 10
6 540146 Aditya Consumer Marketing Ltd 10
7 532624 Jindal Photo Ltd 10
8 532951 GSS Infotech Ltd 10
9 533470 Rushil Decor Ltd 10
10 531882 Kwality Ltd 5
11 524764 Nutraplus India Ltd 5

Stocks for Buying

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 Nifty indicating Negative opening, Asian Peers in Negative mark, Brent above $65.

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Author

Founder at CityInvest. Focused on Technical Analysis, 10 years Market experience, I'm Always learning and love to help, say hi!

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