Новости за 08.07.2024

Raymond Ltd., incorporated in the year 1925, is a Mid Cap company (having a market cap of Rs 22258.59 Crore) operating in Textiles sector.

The BSE Sensex was trading 170 points, or 0.21%, lower at 79,829. The Nifty50 was down 24 points, or 0.1%, trading at 24,300 around 9:20 am.

Nomura reaffirms a buy rating on Bajaj Auto, setting a target price of Rs 10,207. They highlight the CNG bike's premium design, potentially creating a new market segment. Expected sales of 5-10K per month by year-end, though limited by CNG pump wait times.

VRL Logistics Ltd., incorporated in the year 1983, is a Small Cap company (having a market cap of Rs 5055.68 Crore) operating in Logistics sector.

After Delhi Lt Governor VK Saxena directed a temporary halt to the transfer of 5,000 government school teachers, Education Minister Atishi expressed strong opposition to any future attempts to impede Delhi's education reforms. Atishi highlighted that these teachers were integral to improving Delhi's government schools over the past decade and criticized the transfers ordered by the BJP through the LG. The AAP is pleased with the halt and vows to continue advocating for teachers' rights and children's education.

Towards this end, we would start the week, with expectation of extension in uptrend aiming 24500 or 24720-800. Downside marker is placed near 24250, but we will wait for slippage past 24130 to abandon the upside view.

Mumbai rains: The city received over 300 mm of rain between 1 am and 7 am today, causing waterlogging and train disruptions. The IMD forecasts more heavy rain. Residents should avoid unnecessary outings and ignore rumors. The BMC has declared a holiday for the first session of all schools and colleges.

Bank Nifty ended with a marginal gain at the end of a volatile week. The volatility was led by movements in HDFC Bank, which has a dinosaur weightage in the Bank Nifty. The index managed to close above the critical short-term moving average and above the short-term breakout point, indicating a positive setup.

Former India captain Sourav Ganguly, nicknamed 'Dada,' turns 52. Renowned for his leadership and batting prowess, Ganguly led India to numerous victories and milestones. His contributions to Indian cricket, including popularizing day-night Test matches, continue to be celebrated.

On the options front, the highest Call Open Interest (OI) is positioned at 24,500 followed by 24,300 strikes, whereas the maximum Put OI is situated at 24,000 and then 24,200 strikes. Call writing activity is observed at 24,200 and further at 24,600 strikes, while Put writing is evident at 24,200 and then 24,300 strikes.

​However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years or longer.

​PM Modi's agenda in Moscow includes discussions with President Putin on regional and global issues of mutual importance. Foreign Secretary Vinay Kwatra highlighted that the Indo-Pacific developments would likely feature prominently in their talks, underscoring its significance to both India and Russia. Following his arrival, PM Modi will engage with the Indian community in Russia and visit the Kremlin, followed by talks with President Putin.

Nifty ended the week positively. Shrey Jain (SAS Online) notes support at 24230, resistance at 1.618. Improved breadth, 78% stocks above 20 MA, RSI above 70, ADX 25+, and positive DI indicate bullish momentum. OI analysis shows CE at 24200, PE at 24800. ATM IV at 9.46, muted premiums. Bull Condor Spread, an advanced strategy needing four transactions, is recommended.

Heavy rainfall in Mumbai leads to waterlogging and disruptions in local train services. BMC declares holiday for schools. Western Railway running normally, while Central Railway faces delays in some sections.

On July 5, four NSE stocks with market caps over Rs 10,000 crore closed above their 200-day DMAs, indicating potential bullish trends, as per stockedge.com's technical scan data.