Editor's Stock Picks:
Even after the profit booking, our stocks performed well. Hope you enjoyed the profits.
| SCRIP NAME | Recommended on | Rec. Price | High | Percentage |
|---|---|---|---|---|
| Havells | 19.07.21 | 1070 | 1183 | 10.5% |
| Kalyani Steels | 19.07.21 | 406 | 416 | 2.4% |
| Max Health | 16.07.21 | 466 | 479 | 4.8% |
Sharda Corp can be watched for the coming day.
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Nifty View:
- As we discussed yesterday crossing above 15,700 may lead the nifty to 15,800 and more. And we had witnessed it.
- 15,860 may be considered as immediate resistance to nifty followed by 15,900. 15,750 and 15,680 can act as resistance.
- After short-covering investors pumped the money to stocks that were available at cheaper rates after two days of profit booking, hence nifty showed a rally.
- Reliance Industry would be acting in a key role tomorrow because of the results. Watch for the Reliance industry to catch up on the move.
- Yesterday we have discussed HDFC and HDFC BANK reversal, hope you are all caught up in the move.
- Also, we recommend watching steels stocks which was a strong performer.
- Watch for profit booking and buy-in dips. I personally recommend you to not enter aggressive trades tomorrow.
Stocks In News:
- Bajaj Auto Q1 results: PAT more than doubles to Rs 1,061 crore; Ebitda margin expands 130 bps to 15.6%
- Dabur: Co enters syrups and spreads category with Dabur honey tastes flavored honey.
- Coffee stocks: Coffee prices jump 15 % In 3 days.
- Hind Zinc: Expect zinc demand to sustain amid govt's infrastructure push. No plans to raise further debt as of now. Looking to develop value-added products in silver, which can be used in solar cells: Hindustan Zinc.
- ZomatoIPO; Zomato is all set to make its D-Street debut on July 23.
- U.S: US weekly jobless claims for the week ended July 17 at a total 4.19 lakh vs Dow Jones' estimate of 3.50 lakh
- DB CORP : Sources: Search under section 132 of Income-tax act being carried out at Dainik Bhaskar. 32 premises, residential & biz, in Mumbai, Delhi, Bhopal, Indore, Jaipur, Korba, Noida & Ahmedabad covered. Allegations of tax evasion by claiming bogus expenses & purchases via shell cos.
- Voda Idea: AGR Judgment - Supreme Court bench headed by Justice LN Rao likely to pronounce judgment tmrw on Airtel, Voda-Idea plea seeking adjustment of AGR demand after accounting for "arithmetic errors" at 10.30am.
Major Quarterly Results on 23.07.2021
- Reliance Industries Ltd
- JSW Steel
- SBI Card
- Ambuja Cements
- United Spirits
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