- After two consecutive loss days and closed with a moderate loss on July 9, Nifty had formed Doji pattern on daily charts.
- Global cues have indicated a Gap-up open for Nifty.
- Breaking Down the Support zone of 15,650 may kick in profit booking and if it crosses below 15,550 could slip nifty to 15,440 range.
- Us market has shown recovery and closed at a record high on Friday which may influence the market to the positive side.
- On the positive side, crossing 15,730 levels may bring more momentum to the market.
- Even after these consecutive profit bookings personally, I prefer the bull side for the coming week.
- Nifty Bank is at the crucial support level, watch out for a breakdown below 34,870.
- By OI Analysis maximum call option was seen at 16,000 followed by 15,800 and 16,500. Maximum put option was seen at 15,500 15,000 and 15,200 respectively.
Important Corporate Results on 12 July:
- HFCL
- HMT
- STEEL STRIPS WHEELS
- AMIT SECURITIES
Stocks in News:-
Construction of 60,000 km of world Class national highways by 2024 says NITIN GADKARI: NCC, ASHOKA BUILDCON, DILIP BUILDCON & other infra stocks in focus.
Delhi government allows auditoriums/assembly halls in schools and educational institutions for educational training to function with 50% capacity : Paper Stocks in Focus.
Godrej Properties : Godrej Properties to invest over $1 bn in next couple of years.
IDBI Bank : The government has extended the deadline for transactions and legal advisors to bid for managing the IDBI Bank strategic sale by 9 days till July 22.
Compucom Software : The company has won a tender and received a Letter of Acceptance for IT enablement of PESA/FRA Acts with other schemes for Tribal Area Development (TAD) Department, Government of Rajasthan, and operations & maintenance services for a period of six months from RISL worth Rs 58.40 lakh inclusive all incident charges and taxes and excluding GST.
Unichem Lab: Company has received tentative approval for anda of sitagliptin tablets from USFDA.
JSW ENERGY: Company says karcham wangtoo hydro electric power plant has commenced commercial operation from jul. 11
FII and DII Data;
- FIIs were net sellers worth 1,124.65 cr. and DIIs were net buyers of 106.55 cr.
