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Equity Market Update: 20 July 2023

Nifty (Close) Sensex (Close)

19,979.15 +146.00 (+0.74%) 67,571.90 +474.46 (+0.71%)
FII Activity (in Rs. Crore) DII Activity (in Rs. Crore)
Buy Value Sell Value Net Value Buy Value Sell Value Net Value
8,973.07 7,807.60 +1,165.47 6,389.07 8,523.61 -2,134.54
(FII/DII As on 19 July 2023)

Index Level Intraday for 21 July 2023

Scrip Sup 1 Sup 2 Res 1 Res 2 Trend
Nifty Fut 19900 19830 20040 20100 BULLISH
Bank Nifty Fut 45800 45400 46400 46800 BULLISH

Market Outlook
The domestic equity benchmarks ended a volatile session with strong gains on Thursday, rising for the sixth
consecutive trading session. Trading was volatile due to the expiry of weekly index options on the NSE today. The Nifty
closed above the 19,950 mark after hitting the day's low of 19,758.40 in morning trade. The Sensex and the Nifty,
both, attained record closing high levels. Pharma, FMCG and healthcare stocks were in demand while IT and consumer
durables shares corrected. In the broader market, the S&P BSE Mid-Cap index added 0.05% while the S&P BSE Small-
Cap index gained 0.19%. Now, on the downside 19700 holds the significant support level for Nifty(spot) and the upside
20100 holds the resistance level.
Technical Picks for 21 July 2023

Bullish
SCRIP PERIOD BUY SL TG 1 TG 2
CIPLA T DAY 1056 1040 1080 1100
BHARTI AIRTEL T DAY 885 870 905 920
ICICI BANK T DAY 995 980 1015 1030
Bearish
SCRIP PERIOD SELL SL TG 1 TG 2
BANDHAN BANK T DAY 210 215 202 198
RAMCO CEMENTS T DAY 909 920 890 880
ABB T DAY 4200 4240 4100 4000
Support & Resistance 21 July 2023
SYMBOL LTP SUP 2 SUP 1 PIVOT RES 1 RES 2
ADANIENT 2419.95 2385 2405 2419 2438 2453
ADANIPORTS 732.00 724 728 732 736 740
APOLLOHOSP 5197.00 5095 5136 5173 5213 5250
ASIANPAINT 3520.20 3475 3495 3515 3535 3555
AXISBANK 977.00 945 955 967 977 990
BAJAJ-AUTO 4880.00 4725 4774 4832 4881 4939
BAJAJFINSV 1634.00 1609 1627 1642 1660 1676
BAJFINANCE 7595.00 7439 7512 7575 7647 7710
BHARTIARTL 884.00 856 864 875 882 894
BPCL 388.10 380 382 386 388 391
BRITANNIA 5045.00 4981 5023 5059 5101 5137
CIPLA 1055.00 1009 1023 1040 1053 1071
COALINDIA 229.65 226 227 229 230 232
DIVISLAB 3663.00 3587 3612 3646 3671 3705
DRREDDY 5324.00 5131 5176 5285 5331 5440
EICHERMOT 3310.10 3277 3304 3323 3350 3369
GRASIM 1818.00 1749 1766 1795 1813 1841
HCLTECH 1155.95 1145 1157 1160 1172 1175
HDFCBANK 1688.90 1674 1679 1686 1691 1698
HDFCLIFE 661.70 647 653 658 664 669
HEROMOTOCO 3086.00 3033 3065 3083 3114 3132
HINDALCO 441.80 435 437 440 442 445
HINDUNILVR 2700.20 2624 2648 2682 2706 2740
ICICIBANK 994.75 955 964 981 990 1007
INDUSINDBK 1425.00 1408 1414 1424 1429 1439
INFY 1442.75 1432 1453 1462 1484 1493
ITC 491.50 466 472 483 490 500
JSWSTEEL 798.95 777 785 793 800 809
KOTAKBANK 1956.55 1851 1879 1921 1948 1990
LT 2490.10 2460 2477 2486 2504 2513
LTIM 4977.60 4926 4958 4988 5020 5050
M&M 1545.95 1520 1532 1543 1555 1566
MARUTI 9777.00 9446 9527 9656 9737 9866
NESTLEIND 23049.80 22592 22766 22925 23100 23259
NTPC 192.80 190 192 193 194 195
ONGC 167.00 165 166 167 168 169
POWERGRID 244.00 240 242 244 245 247
RELIANCE 2623.00 2633 2738 2684 2789 2735
 Support & Resistance 21 July 2023
SYMBOL LTP SUP 2 SUP 1 PIVOT RES 1 RES 2
SBILIFE 1312.00 1293 1302 1312 1320 1330
SBIN 610.00 592 597 604 609 616
SUNPHARMA 1096.10 1067 1075 1090 1097 1112
TATACONSUM 875.00 843 852 863 872 884
TATAMOTORS 621.70 613 617 620 624 628
TATASTEEL 116.90 116 116 117 117 118
TCS 3461.60 3419 3444 3462 3487 3505
TECHM 1253.10 1225 1235 1245 1255 1265
TITAN 2990.75 2942 2969 2993 3020 3043
ULTRACEMCO 8225.00 8096 8213 8281 8398 8466
UPL 639.75 633 636 640 643 647
WIPRO 417.25 412 415 418 420 423

EVENT TRACKER

DATE EVENT
21 July 2023 India FX Reserves (USD)

RESULT CALENDAR
21 July 2023
Aarti Drugs Ltd, Ashok Leyland Ltd, Atul Ltd, Creditaccess Grameen Ltd Dlf Ltd, Hdfc Life Insurance Company Ltd, Hindustan Zinc
Ltd, Jsw Steel Ltd, One 97 Communications Ltd, Reliance Industries Ltd, Tejas Networks Ltd, Ultratech Cement Ltd, Vedanta Ltd.

CORPORATE ACTION
Security Name Purpose Ex-Date
Adc India Communications Limited Dividend - Rs. - 4.0000 24-Jul-23
Divgi Torqtransfer Systems Ltd Final Dividend - Rs. - 3.3500 24-Jul-23
Lakshmi Machine Works Ltd Dividend - Rs. - 98.5000 24-Jul-23
Menon Bearings Ltd Interim Dividend - Rs. - 2.2500 24-Jul-23
Mps Ltd Final Dividend - Rs. - 20.0000 24-Jul-23
Nava Ltd Final Dividend - Rs. - 6.0000 24-Jul-23
Ndr Auto Components Ltd Bonus Issue 1:1 24-Jul-23
Nocil Ltd Final Dividend - Rs. - 3.0000 24-Jul-23
Pds Ltd Final Dividend - Rs. - 2.6000 24-Jul-23
R.J.Shah & Co.Ltd Dividend - Rs. - 2.5000 24-Jul-23
Siyaram Silk Mills Ltd Final Dividend - Rs. - 4.0000 24-Jul-23
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