TECHNICAL CALL

M or ning Cal l for 2 0 -Jul-22

Market Review: Bank Nifty

Bank Nifty faces an immediate resistance around 35960 levels on the
Indian market closed with decent gains on Tuesday. The trading was upside and on a decisive close above expect a rise to 36180-36500.
volatile amid mixed global cues. The Nifty closed above the 16,300 There is an immediate support at 35360-35100 levels.
mark after hitting day's low of 16,187.05. Realty and banks stocks
advanced while pharma, oil & gas and media shares declined. Sensex,
was up 246.47 points or 0.45% to 54,767.62. The Nifty 50 index added
62.05 points or 0.38% to 16,340.55

Nifty Technical Outlook

Nifty is expected to open gap up and likely to witness positive move

during the day. Nifty is well placed above its 50 DMA and have taken a
strong support at those levels. Nifty is likely to test its swing resistance
of 16470. On technical grounds, Nifty has an immediate resistance at
16400. If nifty closes above that, further upside can be expected
towards 16540-16600 mark. On the flip side 16230-16100 will act
as strong support levels. It’s a stock specific market trade calls with
strict stop loss.
Action: Nifty has an immediate resistance placed at 16400 and on a
decisive close above expect arise to 16540/16600 levels.

Stocks With Positive Bias Stocks With Negative Bias

ESCORTS ,SBIN, ULTRACEMCO NBCC,HAVELLS,GAIL, HDFCLIFE

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Nifty 50 Stocks: SUPPORT / RESISTANCE LEVELS

Name CLOSE S2 S1 Pivot R1 R2 Name CLOSE S2 S1 Pivot R1 R2

NIFTY 16340.5 16100 16230 16400 16470 16540 INDUSINDBK 868.1 812.48 831.77 842.48 861.77 872.48

BANKNIFTY F 35740.6 34970 35360 35600 35960 36180 INFY 1484.15 1431.63 1460.77 1477.18 1506.32 1522.73

NIFTYFINSE 16189.5 15940 16060 16140 16260 16340 ITC 294.6 292.57 293.93 295.12 296.48 297.67

ADANIPORTS 749 728.38 734.07 738.28 743.97 748.18 JSWSTEEL 584.85 571.32 578.63 585.32 592.63 599.32
APOLLOHOSP 4020.2 3855.37 3901.23 3936.02 3981.88 4016.67 KOTAKBANK 1834.95 1774.22 1809.93 1829.97 1865.68 1885.72
ASIANPAINT 3019.1 2973.82 2995.83 3010.42 3032.43 3047.02 LT 1729.8 1672.82 1700.23 1717.42 1744.83 1762.02
AXISBANK 700.6 654.1 669.3 678.65 693.85 703.2 M&M 1186.25 1147.13 1155.27 1167.38 1175.52 1187.63

BAJAJ-AUTO 4002 3901.48 3942.77 3966.38 4007.67 4031.28 MARUTI 8715.85 8584.93 8644.87 8743.93 8803.87 8902.93
11785.6 12017.8 12152.2 12384.3 12518.7 NESTLEIND 18377.7 18297.2 18461.3 18716.65 18880.75 19136.1
BAJAJFINSV 12444.8 7 3 2 8 7
NTPC 150.75 147.97 148.88 150.22 151.13 152.47
BAJFINANCE 6065.95 5883 5971.4 6019.75 6108.15 6156.5
ONGC 127.9 125.43 127.67 129.18 131.42 132.93
BHARTIARTL 672.9 639.88 651.47 660.73 672.32 681.58
POWERGRID 210 207.02 208.63 210.52 212.13 214.02
BPCL 316.55 307.3 311.55 313.9 318.15 320.5
RELIANCE 2437.1 2380.48 2401.37 2413.18 2434.07 2445.88
BRITANNIA 3787.45 3683.65 3729.3 3804.65 3850.3 3925.65
SBILIFE 1169.95 1144.22 1160.68 1173.77 1190.23 1203.32
CIPLA 960.65 952.25 959.8 967.6 975.15 982.95
SBIN 497.95 478.57 484.43 487.97 493.83 497.37
COALINDIA 198.25 192.4 194 195.45 197.05 198.5
SHREECEM 20068.2 19659.23 19857.46 19978.23 20176.46 20297.23
DIVISLAB 3753.25 3680.65 3709.55 3749.75 3778.65 3818.85
SUNPHARMA 875.3 868.6 875.7 885.65 892.75 902.7
DRREDDY 4447.9 4353.23 4409.67 4511.73 4568.17 4670.23
TATACONSUM 787.25 783.22 788.78 793.37 798.93 803.52
EICHERMOT 3077.7 2976.17 3006.33 3042.17 3072.33 3108.17
TATAMOTORS 449.05 438.7 444.8 449.3 455.4 459.9
GRASIM 1442.2 1396.83 1412.57 1421.83 1437.57 1446.83
TATASTEEL 919.45 885.77 895.03 901.52 910.78 917.27
HCLTECH 889.7 880.23 890.27 898.88 908.92 917.53
TCS 3074.25 2988.93 3026.22 3051.58 3088.87 3114.23
HDFC 2217.7 2169.87 2187.08 2205.22 2222.43 2240.57
TECHM 1007.7 966.93 987.47 1004.73 1025.27 1042.53
HDFCBANK 1348.05 1327.85 1337.7 1351.9 1361.75 1375.95
TITAN 2241.2 2173.02 2205.23 2226.27 2258.48 2279.52
HDFCLIFE 535.9 537.55 540.15 543.05 545.65 548.55
ULTRACEMCO 6085.85 5748.67 5865.53 5928.27 6045.13 6107.87
HEROMOTOC
O 2801.2 2789.08 2803.52 2819.68 2834.12 2850.28 UPL 684.35 669.85 677.45 682.6 690.2 695.35
HINDALCO 367.95 349.23 358.17 363.13 372.07 377.03 WIPRO 405.65 393.32 399.03 402.37 408.08 411.42
HINDUNILVR 2567.95 2491.9 2522.7 2563.85 2594.65 2635.8 Source: Nirmal Bang Research
ICICIBANK 780.65 752.37 762.18 767.67 777.48 782.97
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 TECHNICAL CALL
M or ning Cal l for 2 0 -Jul-22

Technical Call Updates

Reco
Stock Name (Buy/Sell) Entry price Targets Stop Loss Duration Status
AMBUJACEM Buy 371.4 390 360 1-2 Days OPEN
Reliance Buy 2426.4 2570 2370 1-2 Days OPEN
NOCIL Buy 280 300 270 Positional OPEN
JYOTHYLAB Buy 168 190 158 1-2 Days OPEN
CCL Buy 413.4 430 402 1-2 Days OPEN
AEGISCHEM Buy 207.7 220 202 1-2 Days OPEN
PIDILITIND Buy 2298.4 2380 2260 1-2 Days OPEN
MCX Buy 1345.4 1420 1315 1-2 Days OPEN
GSFC Buy 139.4 155 133 BTST OPEN
LTTS Buy 3160.7 3300 3090 1-2 Days OPEN
REDINGTON Buy 123 135 117 Positional OPEN
GLAND Buy 2511.7 2720 2410 1-2 Days OPEN

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