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THE
ECONOMIC REVOLUTION
Every thing that’s on Money !!!
Web site : www.theeconomicrevolution.in PUBLISHES IN ENGLISH AND GUJARATI LANGUAGES
E mail : theeconomicrevolution@yahoo.co.in THE FINANCIAL WEEKLY
• Year : 12 • Issue :06 • Date :17-07-2023 • Editor : NARENDRA G. JOSHI • Page - 8 • Price : Rs. 10/- • Annual Sub -Rs.500
Regd. Office : H-115/991, Nirmal Appartments, Opp. Jaymangal BRTS Bus Stop, 132’ Ring Road, Naranpura, AHMEDABAD-380 063. • Mo. 98250 65387

A WEEK OF NEW MILESTONES AMIDST HIGHLY VOLATILE TRADES

A dire need of healthy correction For the history makingweek, while BSE Sensex moved in the range of
66159.79-65246.40, NSE Nifty hovered between 19595.35-19327.10.
(Concluded week re-
port):
The week under report
Market Movement BSE
Date
Sensex
Open High Low Close Diff
marked consolidation for
Dilip Davda 10-07-2023 65,482.33 65,633.49 65,246.40 65,344.17 63.72
the first four sessions and Email: dilip_davda@rediffmail.com 11-07-2023 65,598.65 65,870.59 65,517.57 65,617.84 273.67
then jumped up with spring (SEBI registered Research Analyst-Mumbai) 12-07-2023 65,759.28 65,811.64 65,320.25 65,393.90 -223.94
13-07-2023 65,667.07 66,064.21 65,452.15 65,558.89 164.99
effect on the last day of the sion and helped market to vestors alike. 14-07-2023 65,775.49 66,159.79 65,610.82 66,060.90 502.01
week to mark new history close in green. For most Weekly Movements of Net Weekly Gains 780.45
high for intraday and clos- part of the week, index benchmarks:
ings. Thus unabated ATH based trade took place and Monday-First session For the week, BSE Sensex marked a net weekly GAINsof 780.45 points and NSE
making continued. Accord- benchmarks continued of the week marked gap up Nifty reported a net weekly GAINs of 232.70 points.
ing to punters, the market rally, while the side market opening and after trading
is now becoming risky and NSE Nifty
remained listless except for both ways, it finally closed Date Open High Low Close Diff
in a dire need of a healthy the last session of the with minor gains. BSE 10-Jul-23 19,400.35 19,435.85 19,327.10 19,355.90 24.10
correction. Surprisingly week. We witnessed new Sensex scored mere 63.72 11-Jul-23 19,427.10 19,515.10 19,406.45 19,439.40 83.50
the market closed in red for historic milestone of 66+K points to close at 65344.17 12-Jul-23 19,497.45 19,507.70 19,361.75 19,384.30 -55.10
midweek and FIIs were the for BSE Sensex and 19.56K and NSE Nifty gained just 13-Jul-23 19,495.20 19,567.00 19,385.80 19,413.75 29.45
net sellers for the said ses- for NSE Nifty. Now "Trade 24.10 points to end the day 14-Jul-23 19,493.45 19,595.35 19,433.50 19,564.50 150.75
sion, but it remains net with caution" will be the at 19355.90. Reliance Ind. Net Weekly Gains 232.70
buyer for rest of the ses- order for punters and in- lead the rally following re- ports of demerge plans of mained negative as Mid on a positive note and af-
its financial services arm, and Small cap indices ter trading in green, it
SENSEX AT 72000 MARK BY THIS DIWALI! and got the support from underperformed bench- closed with some gains.
Metal counters. However, marks and the side market BSE Sensex gained 273.67
DO YOU SEE AN OPPORTUNITY HERE?
Sensex has recently tested
dragged down Consumer too remain listless. FIIs points to end the day at
Bank Nifty Estimated Tar- Durables, IT, Auto cur- and DIIs both were the net 65617.84 and NSE Nifty
66000 golden mark which has
been on the side line since last V G STOCKS RESEARCH get: 47800-49000 tailed the surge in bench- buyers for the day. scored 83.50 points to
Nifty Financial Supports: marks. Tuesday- Second ses- close at 19439.40. Though
1.5 yrs. 19800-19500
At this juncture though Market breadth re- sion too marked opening Continue on ......02
Vishal Gupta Nifty Financials Estimated
Sensex has testedAll Time High
but the nervousness could be
seen across the markets among
M).9953934544 Target: 20800-21050
Stock on Radar:
NIFTY IT INDEX UP 7%
contact@vgstockresearch.com
investors / traders that whether https://vgstockresearch.com/
1) Bombay Stock Ex-
change (CMP 757): Bombay
Stock Exchange Ltd. (BSE) has
OVER LAST ONE MONTH
COFORGE and Premium Received =
it can test more high's or we are done here?
Sensex has jumped nearly 3.40% in the month of June 2023
given breakout of 100 VWMA RBLBANK added Open BULLET 21.95*700 = 15365.00
on weekly charts any possible Interest in JULY series. Net Premium Paid =
giving jitters among the bears as it breached its All Time High of
retest of 719 could be termed Narendra
63583. Bulls look confident enough to carry on this ongoing rally Huge position was build 18900.00 – 15365.00 =
as a buying opportunity with
without any hurdles but all questions arises "Where is it headed
an estimated possible target of up MPHASIS call Op- Naynani 3535.00 Rs.
now?" tion Strike (M) 9898162770 Maximum Profit =
950-1040 by this Diwali as
Sensex has given a parallel channel breakout of range of Price 2200.00 .Good 950.00 – 940.00 =
Sensex it expected to rally nainaninarendra@Hotmail.com
October 2021 to May 2023 along with a symmetrical triangle Yahoo Messanger Id-narendranainani
@72000. built up was also seen at 10.00*700= 7000.00 –
breakout on Monthly as well as Weekly charts which could re- www.narendranainani.blogspot.com
2) Life Insurance Cor- TECHM call option 3535.00 = 3465.00 Rs.
sult in continuation of this uptrend resulting in 72000 estimated
poration (CMP 618): LIC has Strike Price 1350.00 Maximum Loss =
possible target of Sensex by this coming Diwali. (944.70) LOT SIZE 700
been a wealth destroyer since
However, a possible retest of breakout is imminent @64000 Future Option Trad- shares 3535.00 Rs.
its day of listing in the year 2022
mark which could also be termed as crucial support levels here ing Strategies Buy One Call Option Break Even = 945.05
from its IPO price of 949 the
meanwhile CMP stands at 66060 mark. (1) BSOFT (381.40) of JULY Strike Price Trading Idea
stock tanked to a low of 530
Nifty has so far almost reached 19600 hardly 400 points away Future-Lot Size 2000 (1) LTTS (4094.95)
destroying investor's wealth by 940.00 @ 27.00 Rs.
from our recent mentioned target of 20000.
nearly 44%. Stock looks like shares. Sell One Call Option Buy this stock in decline
We continue to have the estimated target of 20000 in the
making a bottom here some- Buy One Lot JULY of JUNE Strike Price and trade
month of July 2023 itself. However the supports have shifted
where and any move above 631 Future @ 381.40 Rs. (2) ASIANPAINT
higher in the levels of 19201-19303 range. The dips are merely 950.00 @ 21.95 Rs.
could end the investor's anxi-
opportunities to add longs. Sell One Call Option Premium Paid = (3429.75) Buy this stock
ety and in short run the stock
Bank Nifty has shown nervousness lately due to adjustment JULY strike price 385.00 27*700 = 18900.00 in decline and trade.
could move towards 754-794 in
of HDFC Bank & HDFC merger. However it has fluently followed @ 9.20 Rs
the next 3 months.
its mentioned crucial support levels of 43500-44000 range. Mean- Premium Received = CHANGE IN O PEN INTEREST % CHANGE
3) Mahindra Logistics
while the estimated target of 47800-49000 looks shifted & could RECLTD 9,544 58.53
(CMP 382): Mahindra Logistics 9.20*2000 = 18400.00
possibly be achieved by the end of August 2023.
is on the verge of a possible Rs RBLBANK 9,515 45.60
Nifty Finance looks good to follow the support levels of
breakout of a falling treandline Maximum Profit = OFSS 917 37.77
19800-19500 as the index remained sideways any upside resump-
since September 2021. Any MPHASIS 5,000 30.01
tion could easily take this to 20800-21050 in July 2023 itself.
move above 392 could take this
385.00 – 381.40 =
Brief Levels of Sensex / Nifty / Bank Nifty / Nifty Financials: 3.60*2000 = 7200.00 + TCS 29,168 21.36
to 500 in next 2 months time
Sensex Supports: 63580-64200 18400.00 = 25600.00 INDIAMART 4,433 3,681
frame. Meanwhile support ex-
Sensex Estimated Target: 71630-72000 Rs.
ists at 349 levels. DIXON 2,357 18.61
Nifty Supports: 19201-19303
Nifty Estimated Target: 19820-20030 Max Loss=Unlimited. NATIONALUM 2,079 15.33
Continue on ......06
Bank Nifty Supports: 43500-44000 (2) MCDOWELL-N GODREJPROP 1,630 14.22
 2 THE
FINANCIAL WEEKLY
MARKET MOVEMENT
CONTD FROM PAGE 1
global markets posted
weak trends, bullish FIIs
kept parking funds in In-
dia that helped our markets
to sustain tempo of north-
ward march. FMCG, Capi-
tal Goods, Consumer
Durables, Auto counters
gained on renewed sup-
port from fund houses. As
Mid and Small cap indices
outperformed benchmarks
and got support from the
side counters, market
breadth turned marginally
positive. FIIs continued to
be the net buyers and DIIs
were the net sellers for the
day.
Wednesday-We wit-
nessed hat trick of positive
openings of the session
for the week, that finally
closed in red with profit
booking at higher levels.
BSE Sensex lost 223.94
points to close at 65393.90
and NSE Nifty marked a
deficit of 55.10 points to
end the day at 19384.30.
Markets that were holding
the tempo of northward
march witnessed break as
FIIs turned net seller in the
final hour with all out sell-
ing in IT, Banking and
other fancy counters.
However, Metal counters
gained on positive market
reports. In fact, fund
houses preferred to switch
over to side market from
index based long position.
Though Mid and Small cap
indices outperformed
benchmarks, weak side
market kept a tab and we
witnessed marginally
negative market breadth.
Surprisingly FIIs turned
net sellers and DIIs re-
mained net buyers for the
day. FIIs emerged as net
sellers after a long period
of 10 sessions as a net
buyer.
Thursday - Gap up
opening was seen for the
second last session of the
week that also closed in
green. BSE Sensex scored
164.99 points to end the
day at 65558.89 and NSE
Nifty gained 29.45 points to
close at 19413.75. IT
counters surged ahead of
results announcement and
got support from FMCG
counters. However, Bank-
ing counters lead the doom
and curtailed surge in
benchmarks. Market
breadth remained negative
as Mid and Small cap indi-
ces underperformed bench-
marks and the side market
too remain weak. FIIs
turned net buyers and DIIs
were the net sellers for the
day.
ECONOMIC REVOLUTION
Friday - The final ses-
sion of the week also
marked positive opening
that finally ended with
good gains on renewed
support of FIIs and punt-
ers ahead of Q1 number
season round the corner.
BSE Sensex gained 502.01
points to close at 66060.90
and NSE Nifty scored
150.75 points to end the
day at 19564.50. For the day
after new all-time high
intraday we also witnessed
new historic high closing
for Sensex and Nifty. IT
counters lead the rally and
got support from select
Auto, Metal, FMCG
counters, while Pharma,
Power, Consumer Durables
eased and curtailed rise in
benchmarks. Market
breadth turned positive
with Mid and Small cap in-
dices outperforming
benchmarks and the side
market posting gaining mo-
mentum. FIIs were the net
buyers and DIIs were the
net sellers for the day. Sea-
soned observers attributed
this rally to India's success-
ful "Chandrayan-3" launch.
Summary of weekly ac-
tivities:
During the week divi-
dend announcement came
in fromEcoplast (15%),
Hindustan Zinc (350%),
Pearl Green Clubs (10%),
RailTel Corp (18.5%),
Xchanging Solu (150%),
Generic Engg (1%), HCL
Tech (500%), TCS (900%),
Angel One (92.5%),
Bhansali Engg (100%), Bri-
gade Enterprises (20%),
Astra Micro (80%), etc.
During the week, com-
panies turned ex-bonus in-
cluded Taparia Tools (4 for
1), Aptech (2 for 5).
During the week, Rights
Issue announcement came
in from Jaykay Enterprise
(1 for 1).
During the week bonus
announcement came in
from Lancor Holding (1 for
2).
The week ahead:
Brent crude started
boiling on disturbed global
c o n d i t i o n s a n d
marked80.75$ a barrel by
the weekend.Rupee con-
tinued to ease and
endedthe week atRs. 82.20
a dollar.We have around
200+ corporate
meetingsfor the ensuing
week. Market men has on
radar Q1 numbers and
other macro and micro eco-
nomic data along and
progress of monsoon. As
usual, Global trends will
continue to keep a tab on
the general sentiment.FIIs
will continue to hold the
key for intermittent move
of the markets.
Amidst such a sce-
nario, BSE Sensex may
move in the range of 66750
- 64750, and NSE Nifty be-
tween 20100-18800.
Board meet is sched-
uled to consider bonus is-
sue by Vivanta Ind
(18.07.23), Earum Pharma
(21.07.23), GNA Axles
(21.07.23), JTL Ind
(29.07.23), Tinna Rubber
(29.07.23).
PRIMARY MARKET:
New milestone making
continued for the second-
ary market and that fuelled
sentiment for the primary
market as well. As per pri-
mary market reports, there
are about half a dozen
SME and three to four
mainboard IPOs are lined
up before the end of this
month.
For mainboard we
marked opening and clos-
ing of Utkarsh SFB that
got overwhelming re-
sponse of 110.77 times
subscription (excluding
Anchor). On new listing
front, we witnessed debut
of Cyient DLM with
51.32% premium and
Senco Gold with 35.96%
premium. For ensuing
week, we have Netweb
Technologies mainboard
IPO.
On SME front, we
marked closing of four
IPOs of AccelerateBS
(49.19 times), Drone Des-
tination (191.65 times),
Kaka Ind. (292.66 times),
Ahasolar (34.79 times),
while Service Care that
opened on Friday got 0.63
times subscription till clos-
ing of the week. This is-
sue is closing on 18.07.23.
For ensuing week, we have
Asarfi Hospital SME IPO. On
SME new listing front, we
marked debut of Alphalogic
Ind. and Tridhya Tech at par
and Global Pet (+6.12%) and
Synoptics Tech (-0.42%0.
Thus mixed debut will have
its sentimental impact of
SME IPOs that are lined up.
On Rights Issue front,
we marked opening of
Shraddha Prime, Bandaram
Pharma, while for ensuing
week we have Shree Ram
Proteins, Eiko Life (both
opening on 17.07.23), GG
Engg (20.07.23) and Seacoast
Shipping (21.07.23).
On NCD Issue front, we
marked opening and closing
of Navi Finserv, and open-
ing of Indiabulls Housing
Fin. on 10.07.23. Ongoing
NCD issue from Edelweiss
Fin. will be closing on
17.07.23.
Date:17.07.2023 to 23.07.2023
NIFTY THIS WEEK FINAL
HIGH !!OR TRAPPED ALL ? UPSIDE LEVEL'S
HELLO EVERYONE...
OUR MARKET Point To Point 44950 45060 45180 45275
45387 45480+
BULLISH LIKE THIS YEAR NEXT WEEK
Manoj
MONSOON !! PERFECT STOCK
NOW CONFUSED ALL H.Trevadia
LEVELS.
STOCK MARKET
).).09867935701
M). HINDUNILVR - above
PLAYERS !
YT-Thetraderrooms 2685 Good For Up Side
WHAT TO DO ? Email- <108jain@gmail.com> Levels 2710 2728 2749 2788
BUY OR SELL ? & Below 2750 Weak.
BULLISH.
BIG QUESTION ALL LT - Above 2480 Good
PERSON. PLEASE READ MY
For UpSide Levels
MANY RUMOR START PREVIOUS ARTICLE
ALSO. 2500 2518 2537 2560 + &
NOW !
NIFTY LEVEL'S - THIS Below 2444 Weak
MANY PERSON OR
WEEK NIFTY 250++ POINT AXIS BANK - Above
ANALYST say's OUR 962 Good For Up Side
MOVEMENT.
MARKET BIG BULLISH. Levels 970 978 999 & Below
THEY TOLD NOW NOW NIFTY GOING
947 weak.
NIFTY 20000 & TILL 19650 19700 19788 19800 ...
& BUYING ZONE 19510 BHARTIARTL - Above
DIWALI 21000++.
19465 19430 19380 . 890 Good For Up Side
BUT USED OUR MIND Levels 899 907 916 930 &
FOLLOW ALL
! Below 877 Weak
LEVEL'S.
NOT TRAPPED ANY UPL - ABOVE 641
SMALL OR manipulation EVERY UPSIDE &
Good For Up Side Levels
Stock. DOWNSIDE LEVELS
MARKS YOUR CHART OR 647 655 661 670 & Below 630
TRADE WITH
DIARY. Weak.
STRICTLY STOPLOSS.
if U want Perfect Live HCLTECH - Above
IF DELIVERY BUY 1150 For Up Side Level 1163
Market Stock or Index
THEN ALSO 10% TO 20% 1174 1187 1198 & Below
STOPLOSS YOUR BUYING Levels Then Send "Hello"
1136 Weak.
COST. My Number (Whatsapp)
I m Send Link My ONGC - Above 165
I THINK THIS WEEK
Group. Good for Upside Levels 174
LAST TEJI !! 178 185 190 & weak Below
BANK NIFTY
EXPIRY WEEK VERY 162.
LEVEL'S - THIS WEEK
VOLATILE WEEK Disclaimer -
SHOWING. NOT PERFORMED BANK
I M Not Sebi Register
IF YOU ARE TRADE IN NIFTY IN OUR MARKET .
BUT I THINK NEXT ADVISER.
INDEX OPTIONS THEN
WEEK BANK NIFTYALSO All Levels Only
PLEASE FOLLOW
NEW HIGH . Learning& Education
STRICLY STOPLOSS AND Purpose.
BANK NIFTY
SMALL PROFIT BOOK Please Consultant Your
LIKE SCALPING. SUPPORT & BUYING
Financial Adviser Before
LAST WEEK I TOLD ZONE 44655 44550 44450
44330 44200 Investment or Trade.
YOU OUR MARKET ARE
This week we are expecting positive move in soft-
ware, liquor , rice, sugar, media and Rice stocks
As per Col Ajay CEO software, liquor , rice,
www.ajayastromoneyguru.com ASTROMONEY GURU sugar, media and Rice
third week of July stocks
month 2023 represented COL.AJAY Keep eyes on LT
by planet known Sun and Food, TCS consultancy
year 2023 represented
(M) 09414056705
services , Balrampur
astromoneyguru@gmail.com
by planet known as ketu. www.ajayastromoneyguru.com chini, Zee entertainment,
Combination of Sun Radico khetan etc
Maharastra are facing less
may bring postive trend Sugar and Rice ex-
rains while Rajasthan ,
in sugar, rice , software , pected to show positive
Punjab , haryana rains
media stocks in global move on spot market .
reported excess rains
market in week starts Timely profit booking
Remember Khrif sea-
from 17 July to 21 July is mandatory for short
son is mainly for cotton
2023 term trading
,oil seeds pulses and
Important planet sun The above prediction
grains .
will make conjuction with and Analysis is done basis
This week in very Im-
Mercury in Moon house . of Fundamental Analysis
portant for Monsoon if
Our advance predic- and Financial Astrology .
sufficient rains fall in
tion made inprevious Risk management is
Maharashtra and karnatak
artcal about positive mandatory tool in stock
serious problem may be
move in stock market Market .
seen in future for infla-
proved correct . You may use your wis-
tions
LT Food ltd has seen dom and consult your ana-
We are expecting coal
good up trend . lyst before taking any de-
stocks are looking good as
Hope Readers must cision .
Investment opportunity.
have Enjoyed big profit . The above Analysis
Keep eyes on Coal India .
As per latest informa- only for Education pur-
This week we are ex-
tion karnatak , pose.
pecting positive move in
ATTENTION
The material contained in the Economic Revolution is based on Fundamental and Technical
analysis & other scientific methods and also the knowledge and belief of author. Error can not to
be rulled out. The information given is of General advisory nature only. The Editor, the Publisher
and the Author does not take any consequences arising out of it. All rights reserved. Reproducing
to whole or in part of any matter including featurs without permision is not permitted. Legal
jurisdiction is Ahmedabad only. The material given in the Economic Revolution is the views of
author only, it not means that Editor is agree with it, so Editor, the Publisher and the printer is
not resposible for the contains in writers article.
Narendra Joshi, Editor,The Economic Revolution.
 THE 3
Date:17.07.2023 to 23.07.2023
ECONOMIC REVOLUTION FINANCIAL WEEKLY
 4 THE
FINANCIAL WEEKLY
ECONOMIC REVOLUTION
From the Editor
The latest Consumer Price Index data
showing a resurgence in retail inflation
proves exactly why the RBI’s monetary au-
thorities have reiterated the need to keep
the policy approach firmly tilted towards en-
suring price stability. With food prices be-
coming unmoored and spiralling up, June’s
CPI-based provisional inflation reading ac-
celerated by half a percentage point to a
three-month high of 4.81%. Inflation in the
food and beverages group, the single-larg-
est constituent of the CPI that contributes
almost 46% of its weight, led the resurgence,
quickening by 128 basis points from May’s
level to 4.63%. The food price inflation was
broad-based with 10 of the 12 sub-groups
witnessing year-on-year increases: cereals
registered 12.7% price gains, eggs logged
7%, dairy experienced 8.56% inflation,
pulses posted 10.5% and spices saw gains
exceed 19%. Vegetables, with a 6% weight
in the CPI and the third-largest of the food
basket’s dozen items, though still in the
disinflation zone at minus 0.93%, saw prices
harden so drastically in June that the
disinflation narrowed by more than 700 ba-
sis points. Month-on-month, vegetable price
inflation soared to 12.7%, the highest se-
quential rate of price gains in the essential
food group since October 2021. Tomatoes
were the main culprit with prices skyrocket-
ing by 64% from May’s levels. With the ex-
ception of three vegetables, including lady’s
finger and lemon, in the 19-member basket,
all the others including the most widely used
potatoes and onions registered sharp se-
quential inflation.
That the year-on-year quickening in price
gains happened notwithstanding a high base
— June 2022 saw inflation at 7.01% — is
also a clear sign that price pressures are re-
gaining a disconcerting momentum. Core in-
flation, which excludes the food and fuel and
light groups, still remained stuck at 5.16%,
barely moving from May’s 5.17% pace. Of
the non-food items, clothing and footwear, as
well as health and personal care saw price
gains that exceeded 6% in June. Education
prices too continued to keep rising steadily.
In the backdrop of monsoon rains showing
an erratic trend, the outlook for the kharif
crop output will depend heavily on sowing
shortfalls being bridged in the rest of July.
As on July 7, while overall kharif sowing was
8.7% lower than a year earlier, the essential
staples of rice and pulses showed 24% and
26% shortfalls, respectively. And with oil-
seeds too reflecting a 14% deficiency com-
pared with 2022 levels, there is a real risk
that all the recent hard-won gains in anchor-
ing inflation expectations may start to unravel
in the coming months. Policymakers must
tighten their grip over prices to prevent the
broader economic recovery from flounder-
ing.
Netweb Tech IPO review
ABOUT COMPANY:
Netweb Technologies
India Ltd. (NTIL) is one of
India's leading high-end
computing solutions
(HCS) providers, with fully
integrated design and
manufacturing capabili-
ties. (Source: F&S Report).
Its HCS offerings comprise
(i) high-performance com-
puting (Supercomputing /
HPC) systems; (ii) private
cloud and hyper-con-
verged infrastructure
(HCI); (iii) AI systems and
enterprise workstations;
(iv) high-performance stor-
age (HPS / Enterprise Stor-
age System) solutions; (v)
data centre servers; and
(vi) software and services
for its HCS offerings.
The company is one of
India's leading Indian-ori-
gin, owned and controlled
OEMs in the space of HCS
p r o v i d i n g
Supercomputing systems,
private cloud and HCI, data
centre servers, AI systems
and enterprise worksta-
tions, and HPS solutions.
(Source: F&S Report) In
terms of the number of
HPC installations, it is one
of the most significant
OEMs in India amongst
others. (Source: F&S Re-
port).
It caters to marquee
Customers across various
end-user industries such
as information technology,
information technology
enabled services, enter-
tainment and media, bank-
ing, financial services and
insurance (BFSI), national
data centres and govern-
ment entities including in
the defence sector, educa-
tion and research develop-
ment institutions (Applica-
tion Industries) such as In-
dian Institute of Technol-
ogy (IIT) Jammu, IIT
Kanpur, NMDC Data Cen-
tre Private Limited (NMDC
Data Centre), Airamatrix
Private Limited
(Airamatrix), Graviton Re-
search Capital LLP (Gravi-
ton), Institute of Nano Sci-
ence and Technology
(INST), HL Mando
Softtech India Private Lim-
ited (HL Mando), Dr.
Shyam Prasad Mukherjee
International Institute of
Information Technology,
Naya Raipur (IIIT Naya
Raipur), Jawaharlal Nehru
University (JNU), Hemvati
Nandan Bahuguna
Garhwal University
(Hemvati University),
Akamai India Networks
Private Limited (Akamai),
A.P.T. Portfolio Private
Limited (A.P.T.), and Yotta
Data Services Private Lim-
ited (Yotta), Centre for
Computational Biology
and Bioinformatics, Cen-
tral University of Himachal
Date:17.07.2023 to 23.07.2023
(Courtesy:
IPO Corner Chittorgarh.com)
Dilip Davda capital of Rs. 10.39 cr. will
Email: dilip_davda@rediffmail.com stand enhanced to Rs.
(SEBI registered Research Analyst-Mumbai) 11.21 cr. Based on the up-
per band of the IPO price,
the company is looking for
• NTIL is one of the Indian leading players in
HCS, providing across the industry segments. a market cap of Rs. 2803.20
cr.
• It has posted steady growth in its top and
bottom lines. FINANCIAL PER-
FORMANCE:
• As of May 31, 2023, it had an order book of
Rs. 90+ cr. On the financial perfor-
mance front, for the last
• Based on FY23 financials, the issue appears
aggressively priced. three fiscals, NTIL has
posted a turnover/net
• Well-informed investors may park funds
for medium to long-term rewards. profit of Rs. 144.29 cr. / Rs.
8.23 cr. (FY21), Rs. 247.94
Pradesh (CUHP Univer- per price band. The issue cr. / Rs. 22.45 cr. (FY22),
sity). opens for subscription on and Rs. 445.65 cr. / Rs.
The company also ca- July 17, 2023, and will close 46.94 cr. (FY23).
ters to an Indian Govern- on July 19, 2023. The mini- For the last three
ment space research orga- mum application to be fiscals, the company has
nization and an R&D orga- made is for 30 shares and reported an average EPS of
nization of the Ministry of in multiples thereon, there- Rs. 6.28 and an average
Electronics and Informa- after. Post allotment, RoNW of 64.35%. The is-
tion Technology, Govern- shares will be listed on BSE sue is priced at a P/BV of
ment of India which is in- and NSE. The issue con- 27.19 based on its NAV of
volved in carrying out stitutes 22.51% of the Rs. 18.39 as of March 31,
R&D in information tech- post-IPO paid-up capital of 2023, and at a P/BV of 7.99
nology and electronics and the company. NTIL has based on its post-IPO NAV
associated areas including done a pre-IPO private of Rs. 62.54 per share (at
Supercomputing. NTIL de- placement worth Rs. 51 cr. the upper cap).
signs manufactures and at a price of Rs. 500 per If we attribute FY23
deploys HCS comprising share in June 2023, earnings to its post-IPO
proprietary middleware so- resultantly its original plan fully diluted paid-up eq-
lutions, end-user utilities for an IPO of a fresh eq- uity capital, then the ask-
and precompiled applica- uity issue worth Rs. 257 cr. ing price is at a P/E of 59.67.
tion stack. It develops stands reduced to Rs. 206 Thus the issue appears ag-
homegrown compute and cr. From the net proceeds gressively priced discount-
storage technologies, and of the fresh equity issue, ing all near-term positives.
deploys supercomputing the company will utilize Rs. DIVIDEND POLICY:
infrastructure to meet the 32.29 cr. for funding capi- It paid a dividend of
rising computational de- tal expenditure, Rs. 128.02 25% for FY23. It will adopt
mands of businesses, cr. for long-term working a prudent dividend policy,
academia, and research or- capital, Rs. 22.50 cr. for re- based on its financial per-
ganizations, particularly, payment/prepayment of formance and future pros-
under India's National certain borrowings and the pects.
Supercomputing Mission. rest for general corporate COMPARISON WITH
Further, thus far, 3 of its purposes. LISTED PEERS:
supercomputers have been The company has re- As per the offer docu-
listed 11 times in the served 20000 shares for its
ment, NTIL has shown
world's top 500 eligible employees and is Syrma SGS, Kaynes Tech-
supercomputers. (Source: offering them a discount of nology and Dixon Tech-
F&S) Rs. 25 per share. From the nologies as their listed
NTIL has recently, in rest issue, it has allocated peers. They are currently
Fiscal 2023, forayed into not more than 50% for trading at a P/E of 155.05,
developing new product QIBs, not less than 15% 103.61, and 121.18 (as of
lines, viz., Network for HNIs and not less than July xx, 2023). However,
Switches and 5G ORAN 35% for Retail investors. they are not truly compa-
Appliances. The company Equirus Capital Pvt. rable on an apple-to-apple
is compliant with the Ltd. and IIFL Securities basis.
"Make in India" policy of Ltd. and the joint Book M E R C H A N T
the Government of India. Running Lead Managers BANKER'S TRACK
As of May 31, 2023, its (BRLMs) and Link Intime RECORD:
R&D team comprised 38 India Pvt. Ltd. is the regis- The two BRLMs asso-
ciated with the offer have
members, 273 full-time em- trar of the issue.
ployees, and 6 contract Having issued initial handled 41 public issues in
workers, and its order equity shares at par value, the last three fiscals, out
of which 13 issues closed
book stood at Rs. 90.21 cr. the company issued fur-
below the offer price on the
ISSUE DETAILS/ ther equity shares in the listing date.
CAPITAL HISTORY: price range of Rs. 2.80 to
Conclusion / Invest-
The company is com- Rs. 500 per share (based on ment Strategy
ing out with its maiden a face value of Rs. 2 per The financial perfor-
combo IPO of fresh equity share) between October mance speaks for itself for
shares issue worth Rs. 2018 and June 2023. It has this company. It has a
206.00 cr. (approx. 4120000 also issued bonus shares good order book worth Rs.
shares at the upper cap) in the ratio of 4 for 5 in Feb- 90+ cr. as of May 31, 2023.
and an offer for sale (OFS) ruary 2023. The average Based on FY23 financial
of 8500000 shares (worth cost of acquisition of data, the issue appears ag-
Rs. 425 cr.) having a face shares by the promoters/ gressively priced discount-
value of Rs. 2 each. It has selling stakeholders is Rs. ing all near-term positives.
announced a price band of 0.11, Rs. 0.35, Rs. 0.43, Rs. However, well-informed in-
Rs. 475 - Rs. 500 per share 0.84, and Rs. 1.56 per vestors may consider park-
Thus the overall size of the share. ing funds for medium to
issue is 12620000 shares Post-IPO, NTIL's cur- long-term rewards.
worth Rs. 631 cr. at the up- rent paid-up equity share Continue on ......05

Date:17.07.2023 to 23.07.2023
IPO CORNER
CONTD FROM PAGE 04
Asarfi Hospital BSE SME IPO review
ABOUT COMPANY:
Asarfi Hospital Ltd.
(AHL) is a 250 bedded multi-
speciality hospital, which is
serving people for over one
and half decades by provid-
ing healthcare services in
Dhanbad, Jharkhand. Ac-
credited by National Ac-
creditation Board for Test-
ing and Calibration Labora-
tories ("NABL Accred-
ited"), it is an integrated
healthcare service provider,
committed to delivering val-
ued healthcare services to
patients that include pre-
vention, treatment and
proper rehabilitation.
AHL is empanelled with
several Government Agen-
cies, Corporate Organiza-
tions for providing regular
healthcare facilities to their
employees and their depen-
dents. It is also empanelled
with several Insurance and
TPA providers.
Its hospital located at
Dhanbad, Jharkhand is hav-
ing departments/services
like Cardiology, Neuro-
sciences, General Medicine,
Pediatrics & Neonatology,
Obstetrics & Gynecology,
General Surgery, Gastroen-
terology, Orthopedics Plas-
tic Surgery & Cosmetics,
Oncology, Nephrology,
Urology, Ophthalmology,
ENT, Day Care Services,
Dental, Physiotherapy,
Emergency, Nutrition & Di-
etetics, Anesthesiology &
Critical Care, Radiology,
Pulmonology, Pain Manage-
ment etc. among other
healthcare services.
The hospital has a full-
fledged high-dependency
unit, Emergency Depart-
ment, Outpatient consulta-
tion, CCU, ICU, NICU, SICU,
Labor room, Endoscopy
room, Neurosurgery and
Cardiac unit. The Diagnos-
tic Centre features labora-
tory and imaging equipment
like Open X-Ray, Ultra-
sound, and CT scans. The
Hospital offers both inpa-
tient and outpatient care
which covers a wide range
of Medical and Surgical spe-
cialities.
As part of its growth
strategy, AHL is in the pro-
cess of building a cancer
Hospital at Ranguni,
Dhanbad, Jharkhand and an
educational institute fo-
cused on legal education
and management, adjacent
to the cancer hospital at
Ranguni. It also plans to
build a Health Management
and Research Institute at
Ranchi, Jharkhand for which
it has provisionally been al-
lotted leased land from
Ranchi Smart City Corpora-
tion Limited. As of May 31,
2023, it had an overall 723
employees on its payroll, as
THE
ECONOMIC REVOLUTION
• AHL is a multi-speciality hospital with all
health care services.
• It is in the process of establishing a cancer
hospital, educational as well as health management
institute.
• The company has posted steady growth in its
top and bottom lines for reported periods.
• Based on its FY23 earnings, the issue ap-
pears reasonably priced.
• Investors may consider investment for me-
dium to long-term rewards.
well as a team of 70 doctors
(42 full-timers and 28 visit-
ing).
ISSUE DETAILS/CAPI-
TAL HISTORY:
The company is coming
out with a maiden IPO of
5180000 equity shares of Rs.
10 each via a book-building
route. It has announced a
price band of Rs. 51 - Rs. 52
per share and mulls mobiliz-
ing Rs. 26.94 cr. at the upper
price band. The issue opens
for subscription on July 17,
2023, and will close on July
19, 2023. The minimum ap-
plication to be made is for
2000 shares and in multiples
thereon, thereafter. Post al-
lotment, shares will be listed
on BSE SME. The issue
constitutes 26.33% of the
post-IPO paid-up capital of
the company. From the net
proceeds of the IPO fund,
AHL will utilize Rs. 12.22 cr.
for part funding of capital
expenditure for the cancer
hospital at Ranguni -
Jharkhand, Rs. 7.65 cr. for
acquiring leasehold land for
health management and re-
search institute at Ranch -
Jharkhand, and the rest for
general corporate purposes.
After reserving 260000
equity shares for the market
maker, it has allocated not
more than 50% for QIBs, not
less than 15% for HNIs and
not less than 35% for Retail
investors.
Hem Securities Ltd. is
the sole Book Running Lead
Manager (BRLM) and
Cameo Corporate Services
Ltd. is the registrar of the
issue. HEM Group's Hem
Finlease Pvt. Ltd. is the mar-
ket maker for the company.
Having issued initial eq-
uity shares at par value, it
issued further equity shares
in the price range of Rs. 30
to Rs. 60 per share (based
on a face value of Rs. 10 per
share) between December
2006 and February 2023. It
has also issued bonus
shares in the ratio of 5 for 1
in September 2022. The av-
erage cost of acquisition of
shares by promoters is Rs.
8.71, Rs. 11.82, Rs.12.46, Rs.
12.91, and Rs. 14.39 per
share.
Post-IPO, AHL's current
paid-up equity capital of Rs.
14.50 cr. will stand enhanced
to Rs. 19.68 cr. Based on the
upper cap of the IPO price,
the company is looking for
a market cap of Rs. 102.32
cr.
FINANCIAL PERFOR-
MANCE:
On the financial perfor-
mance front, for the last
three fiscals, AHL posted a
total revenue/net profit of
Rs. 54.40 cr. / Rs. 3.53 cr.
(FY21), Rs. 66.20 cr. / Rs. 5.73
cr. (FY22), and Rs. 73.03 cr. /
Rs. 8.02 cr. (FY23). Thus it
has posted steady growth
in its top and bottom lines
for the reported periods. Its
other income rose from Rs.
0.28 cr. for FY21 to Rs. 2.33
cr. for FY23.
For the last three fiscals,
AHL has reported an aver-
age EPS of Rs. 7.12 and an
average RoNW of 21.50%.
The issue is priced at a P/
BV of 1.80 based on its NAV
of Rs. 28.86 as of March 31,
2023, and at a P/BV of 1.49
based on its post-IPO NAV
of Rs. 34.95 per share (at the
upper cap).
For the last two fiscals,
its EBITDA and PAT mar-
gins improved but its RoCE
margin declined, indicating
reduced RoCE going for-
ward on post-IPO capital
base.
If we attribute FY23 earn-
ings to post-IPO fully di-
luted paid-up equity capital,
then the asking price is at a
P/E of 12.78.
DIVIDEND POLICY:
The company has not
declared any dividends for
the reported periods of the
offer document. It will adopt
a prudent dividend policy,
based on its financial per-
formance and future pros-
pects.
COMPARISON WITH
LISTED PEERS:
As per the offer docu-
ment, the company has
shown Shalby Ltd., Global
Health, and KMC Speciality
Hospitals as their listed
peers. They are currently
trading at a P/E of 23.93,
70.54, and 45.42 (as of July
13, 2023). However, they are
not truly comparable on an
apple-to-apple basis.
M E R C H A N T
BANKER'S TRACK
RECORD:
This is the 26th mandate
from Hem Securities in the
last three fiscals (including
the ongoing one). Out of the
last 10 listings, all opened
at premiums ranging from
0.18% to 166.67% on the list-
ing date.
Conclusion / Investment
Strategy
The company operates
in a highly competitive and
fragmented segment with
many players around. It has
Service Care NSE SME IPO review
PREFACE:
There are a few anomalies
as far as IPO matters are con-
cerned. While the RHP has
shown an allocation of 156000
shares for market maker, 294000
shares for QIBs, 1318000
shares for HNIs and 1318000
shares for Retail investors
under "THE ISSUE" on page
no. 32, its IPO ad is indicating
50% for QIBs, 15% for HNIs
and 35% for Retail excluding
156000 shares of the market
maker. Secondly, for the pre-
IPO NAV details on page no.
71, (though it has shown fi-
nancial performance till Janu-
ary 31, 2023, on pages no. 33
and 34), it has shown a NAV
of 6323.20 as of March 31 2022.
This is pure suppression of the
facts and figures. In fact, it
should have given data on
NAV as of January 31, 2023.
Thus transparency is missing.
ABOUTCOMPANY:
Service Care Ltd. (SCL) is
incorporated with the objec-
tive of providing services such
as Workspace Administration
Services& Workforce Admin-
istration Services across all
the business domains. With
the overall experience and
Market presence of more than
23 years of promoters, the
company have established its
creditability with its custom-
ers and partners across the
country.
Primarily Workspace Ad-
ministration services cover all
the Integrated Facility Man-
agement and Business Ser-
vices, on the other hand,
Workforce Administration ser-
vices cover all kinds of staff-
ing solutions, outsourced re-
cruitment processes and pay-
roll management. The Com-
pany currently 5,800+ associ-
ate team (including contrac-
tual employees). SCL cur-
rently services clients from the
Manufacturing, Engineering,
Infrastructure, Information
Technology, Government &
Banking, healthcare, Staffing
& Recruitment, Food, Educa-
tion, and FMCG verticals.
Its client list includes L &
T, L & T Geostructure, SBI,
Omega Health etc. and are the
top contributors to SCL's rev-
enue.
ISSUE DETAILS/CAPI-
TALHISTORY:
The company is coming
out with a maiden IPO of
3086000 equity shares of Rs.
10 each via the book-building
route. It has announced a
price band of Rs. 63 - Rs.67
per share and mulls mobilizing
Rs. 20.68 cr. at the upper cap.
The issue opens for subscrip-
tion on July 14, 2023, and will
close on July 18, 2023. The
minimum application to be
FINANCIAL WEEKLY
posted growth in its finan-
cial performance for the re-
ported periods. It is on an
expansion spree with a can-
cer hospital, educational
and healthcare management
institute establishment.
• SCL is in the business of providing services
such as Workspace and Workforce administration.
• Its top revenue contributors are L&T, SBI,
Omega Health etc.
• Based on FY23 super earnings the issue is
aggressively priced.
• Transparency is missing in its financial data
on NAV.
• There is no harm in skipping this aggres-
sively priced IPO.
made is for 2000 shares and in
multiples thereon, thereafter.
Post allotment, shares will be
listed on NSE SME. The issue
constitutes 26.84% of the
post-issue paid-up capital of
the company. The company is
spending Rs. 3.08 cr. for this
IPO process and from the net
proceeds of the IPO funds, it
will utilize Rs. 15.00 cr. for work-
ing capital and the rest for gen-
eral corporate purposes.
Higher spending for IPO indi-
cates a fully structured mode
of IPO.
After reserving 156000
shares for the market maker
portion, the company has al-
located not more than 50% for
QIBs, not less than 15% for
HNIs and not less than 35%
for Retail investors.
Swastika Investmart Ltd.
is the sole Book Running Lead
Manager and Integrated Reg-
istry Management Services
Pvt. Ltd. is the registrar of the
issue. Rikhav Securities Ltd.
is the market maker for the
company.
Having issued initial eq-
uity shares at par value, the
company issued further eq-
uity shares at a price of Rs.
8000 per share in December
2022 and has also issued bo-
nus shares in the ratio of 672
for 1 in February 2023. The
average cost of acquisition of
shares by the promoters is Rs.
0.003, Rs. 0.01, and Rs. 11.88
per share.
Post-IPO, SCL's current
paid-up equity capital of Rs.
8.41 cr. will stand enhanced to
Rs. 11.50 cr. Based on the up-
per cap of the IPO price, the
company is looking for a mar-
ket cap of Rs. 77.04 cr.
FINANCIAL PERFOR-
MANCE:
On the financial perfor-
mance front, for the last three
fiscals, SCL has posted a total
revenue/net profit of Rs.
108.12 cr. / Rs. 1.36 cr. (FY20),
Rs. 89.33 cr. / Rs. 0.23 cr. (FY21),
and Rs. 115.02 cr. / Rs. 1.74 cr.
(FY22). For 10M of FY23
ended on January 31, 2023, it
earned a net profit of Rs. 3.02
cr. on a turnover of Rs. 132.18
cr. The super performance for
10M-FY23 raises eyebrows
and concerns over
sustainability.
For the last three fiscals,
SCL has reported an average
5
Based on its FY23 perfor-
mance, the issue appears
reasonably priced. This seg-
ment is witnessing market
fancy. Investors may con-
sider investment for the me-
dium to long-term rewards.
EPS of Rs. 1177.75 and an av-
erage RoNW of 20.73%. The
issue is priced at a P/BV of 0.11
based on its NAV of Rs.
6323.20 as of March 2022, and
at a P/BV of 2.41 based on its
post-IPO NAV of Rs. 27.85.
Both these data are based on
FY22 performance and the pre-
bonus paid-up equity capital.
Thus this is just an eyewash
to lure investors.
If we attribute annualized
FY23 super earnings on the
post-IPO fully diluted paid-up
equity capital, then the asking
price is at a P/E of 21.20. Thus
the issue is aggressively
priced.
DIVIDENDPOLICY:
The company has not de-
clared any dividends for the
reported periods of the offer
document. It will adopt a pru-
dent dividend policy, based on
its financial performance and
future prospects.
COMPARISON WITH
LISTEDPEERS:
As per the offer document,
the company has shown
ITCON E Solu, Integrated Per-
sonnel and Quess Corp as
their listed peers. They are
currently trading at a P/E of
12.51, 18.92, and 49.65 (as of
July xx, 2023). However, they
are not truly comparable on an
apple-to-apple basis. Peer
comparison with Quess Corp
appears to be an eyewash.
M E R C H A N T
BANKER'S TRACK
RECORD:
This is the 6th mandate
from Swastika Invest in the last
three fiscals (including the
ongoing one). Out of the last
5 listings, 1 opened at dis-
count, 1 at par and the rest
listed at premiums ranging
from 0.42% to 36.25% on the
listing date. Thus the BRLM
has an average track record.
Conclusion / Investment
Strategy
The company operates in
a highly competitive and frag-
mented segment with many
players around. The sudden
boost in its bottom line for
10M-FY23 raised eyebrows
and concern over
sustainability going forward.
Based on such super earn-
ings, the issue appears fully
priced. Since transparency is
missing in financial data, there
is no harm in skipping this
aggressively priced issue.
 6 THE
FINANCIAL WEEKLY
ECONOMIC REVOLUTION Date:17.07.2023 to 23.07.2023

V G STOCKS RESEARCH
CONTD FROM PAGE 1
price of Rs 1707, then the price
below Rs 1615 to Rs 1588 can
be seen.
A strong bullish move in
Sensex is opening above the
upper Bollinger Band 66648 to
67193 which will act as an im-
portant barrier level. A bounce
below 66648 may see sudden
profit booking. Crossing 66648
and closing above it can see
targets above 67139. Despite
the historic bullish moves seen
in the market, some stocks with
strong fundamentals are still
undervalued, with expected
returns of 300 to 600 percent
over the medium to long term.
Some value buy stocks to add
to the portfolio in the coming
period. Attractive offers of
PMS and Trading Member-
ship are running in which the
readers who want to join can
get more information by send-
ing a WhatsApp message or
email to the given mobile num-
ber. Achieved targets of 95%
of recommendations in trading
and investment recommenda-
tions to members after March
2023 with a cumulative return
of over 160%. All the technical
indicators in the short to me-
dium term have managed to
exit the overbought phase at a
slow pace which can be con-
sidered very positive for the
long term move. Sensex gap is
forming on weekly chart which
is giving indications that bull-
ish move will continue above
important support 65482 and
64600 in Sensex. A break be-
low 65482 with heavy volume
and a close below 64600 may
see a low level below 64600.
Nifty Technicals
(19564.50)
At the start of the week,
Nifty opened around 19389,
showing a weekly low below
19330, with a bullish move
V G STOCKS RESEARCH
CONTD FROM PAGE 1
4) Indian Energy Ex-
change (CMP 123): IEX is on
the verge a possible pull back if
it managed to hold the levels
105-116 we could possibly get
around that showing a weekly
high above 19590. In last
week's article I mentioned
Nifty sustaining a bullish
move above 19156, a level that
was not broken throughout
the week where a bullish
move from lows around 19330
showed a bounce of 260
points above 19590. 19488 in-
dicated a target of 19626, ac-
cordingly above 19488 indi-
cated a weekend high around
19600. In Bank Nifty, 44275
was mentioned as support,
which level was not broken
throughout the week while the
barrier of 45733 was not
crossed either. Nifty surged
over 140 points on weekly
basis.
Nifty is forming a gap up
on the weekly chart which is
giving indications that the
bullish move will continue
above the important support
area 19384 and 19171 in Nifty.
A break below 19384 with
heavy volume and a close
below 19171 could see a low
level below. The technical in-
dicator is slowly moving out
of the overbought phase,
which can be considered
positive in the medium to long
term. Bearish and bullish rec-
ommendations in Nifty to our
paid and deal members with
all targets met. A call of 19700
is stated to be taken below Rs
20, in which the price is shown
above Rs 42 while the target
price of 196222 in Nifty is run-
ning below 19480, which tar-
get is achieved. Readers who
want to view our recommen-
dations and join membership
can call on the mobile number
given above. Or can
WhatsApp message. Accord-
ing to the Donchen channel,
an important breakout level in
Nifty is forming above 19709
to see 140-145 till the end of
July 2023.
5) Central Deposi-
tory Services (CMP 1209):
CDSL looks a good buy
to 19851 which will act as a
level barrier. A bounce below
19709 can see normal profit
booking. A break above 19709
and a close above 19851 may
see new historical highs. 44038
as support while 45746 as bar-
rier in Bank Nifty.
-- Short to medium term
trading target recommenda-
tions based on price action
analysis
--- Snowman Logistics
(Buy) (49.85)...Interim target
Rs 53 to Rs 58
The stock has seen a
breakout in the last week with
the formation of a V bottom
which can be considered posi-
tive for short to medium term
moves. A bullish trade can be
made for the given targets
keeping in mind the support
of Rs 46 and Rs 42 in this
smallcap stock. If the price of
Rs 42 is sustained, the prices
can be seen from Rs 58 to Rs
63 and above Rs 68.
--- Maruti (Sell)
(9605)...short-term target Rs
9528 to Rs 9452
Given that the stock has
seen continuous profit book-
ing from the Rs 10000 level, the
profit booking in the stock is
likely to continue. Traders can
make bearish trades for the
given targets with appropriate
SL considering the resistance
of Rs 9678 and Rs 9742 in the
stock.
--- GMDC (Buy)
(174.60)...short-term target Rs
181 to Rs 190
Traders can place a
bullish trade for the given tar-
get with tight SL considering
the support of Rs 166 and Rs
161 in the stock. If prices above
Rs 190 sustain, prices above
Rs 208 to Rs 220 may be seen
in the medium term.
in the range of 1130-1155
as the support levels
stands @1100 the esti-
mated possible target
placed @1503.
Don't miss these top stocks with strong fundamentals worth
keeping in the portfolio of every long-term investor.
KNR CONSTRUCTION:
The company's total order
book stands at Rs8,872.1cr in-
BULL'S EYE
cluding L1 orders of Rs1,780cr
which is 2.4x FY23 revenue
and provides strong revenue
visibility for the next two to
three years. The company has
not received any major orders
in FY23 due to higher compe-
tition and unwillingness to
compromise on margins. The
management has guided for
FY24 order inflows of Rs
4500cr, despite recently won
HAM projects of Rs 2,000cr.
Apart from NHAI orders, KNR
is also bidding for orders from
various state governments,
where payment cycle is bet-
ter. Further, the company is
looking ahead to diversify the
order book to sectors like, rail-
way, metro, urban infra and ir-
rigation, to keep the revenue
visibility intact. KNR's order
book is now concentrated on
south India with AP
&Telangana (37%), Kerala
(35%), Karnataka (15%), and
TN (14%). We expect healthy
order wins to remain the key
catalyst for further re-rating.
We expect the company to re-
ceive better order intake which
shall drive its revenue growth
moving forward. We expect
the company to grow its rev-
enue at a CAGR of 13% over
FY22-FY25E.
BUY50%AROUND 249-
240 & ANOTHER 50%
AROUND 220-220 WITH
CLOSINGBASISSTOPLOSS
OF 200 FOR TARGET OF 300
& 380.
JUST DIAL
According to the manage-
ment, there was broad based
recovery across segments in
FY23 and the company exited
the year on a strong note.
Management sounded confi-
dent of achieving sustainable
growth in FY24 aided by
growth in the B2B segment
with sequentially improving
operating margins (combina-
tion of scale, productivity im-
SANKET BAGADIA
M.): +91 9998660566
Email:rutveek_sanket007@yahoo.co.in
YT :https://www.youtube.com/c/SanketBagadia
provement and better mix).
Management aims to achieve
precovid EBITDA margin of
~25% by FY24. According to
the management, the B2B
segment's contribution to
overall revenues, which is now
at 26%, is likely to increase to
33-35% - given that it is the
key growth driver for the com-
pany. In addition, management
has given some clarity on the
company's new businesses,
which we think should shore
up investor confidence. The
JD Xperts business pilot
phase seems to be coming to
a conclusion with material im-
provement in key operating
metrics and the business is
gearing up for its commercial
launch over the next 3-4
months. The JD Mart busi-
ness will be focused on 'dis-
covery and classifieds space',
with limited exposure to the
transaction layer of the busi-
ness model. The JD Shopping
business model is being re-
worked as management fig-
ures out a 'product market fit'
that aligns with Just Dial's phi-
losophy of profitable growth.
BUY 50%AROUND 835-
815& ANOTHER 50%
AROUND 770-750 WITH
CLOSINGBASISSTOPLOSS
OF 725 FOR TARGET OF 930
& 1000.
RBL BANK
Under the new
MD&CEO, RBL has filled al-
most every senior management
role (hired 6 talents laterally
and elevated 21 internally) in
the past ~12 months. Compli-
ance has been beefed up and
its focus has become even
sharper. Bank reiterated its
guidance of >20% loan CAGR
(FY23- FY26) led by retail.
While retaining focus on card,
MFI and commercial banking,
RBL intends to aggressively
grow its newly-launched retail
products (housing, wheels,
gold, and small business
loans), predominantly in tier-2
and tier-3 locations. These are
secured businesses, with
higher yields and consume
relatively less capital. There is
large unmet demand for these
products in the market and the
bank intends to leverage the
same for aggressive growth.
It intends to scale up the
branch network from ~517 cur-
rently to 800 over the next 3
years and leverage its BC
points for lead generation. RBL
has already invested signifi-
cantly into its asset platform,
systems, processes, technol-
ogy and feet-on-street. It thus
believes a large part of fixed
costs have already been in-
curred and that incremental
costs would be volume-led.
Management sounded confi-
dent of improving the sourc-
ing of incremental business
from branches vs DSAs/con-
nectors from a ratio of ~20:80
currently to ~50:50 by FY24 led
by improving productivity
and technology stack. RBL re-
iterated its guidance of rev-
enue growth exceeding opex
growth and thus improving
RoA by 10-20bps every year
through FY23-FY26. RBL has
tier-1 capital at 15.3% and be-
lieves the current levels are
sufficient for the next 18-24
months.
BUY 50%AROUND 212-
205& ANOTHER 50%
AROUND 195-185 WITH
CLOSINGBASISSTOPLOSS
OF 180 FOR TARGET OF 250
& 290.

Be cautious on Largecaps on rise now….

Book Profit on rise & Buy on dips only…..
# Hot Weekly Stock Fu-
tures:
1) JSW Steel (806.95):
Rs. 791 stoploss… It may
touch 819 to 828…
2) Tata Steel (117.65):
Rs. 114 stoploss… It may
touch 122 to 126…
3) Sun Pharma
(1076.05): Rs. 1068
stoploss… It may touch
1089 to 1098…
4) Mcdowell (947.40):
Rs. 937 stoploss… It may
touch 963 to 972…
5) Axis Bank (959.05):
Rs. 951 stoploss… It may
touch 972 to 981…
6) ICICI Bank
(963.65): Rs. 953 stoploss…
It may touch 972 to 981…
7) IRCTC (625): Rs.
Netweb Technologies India Limited’s Initial Public Offering to open on July
BAAJ NAZARE 17, 2023, sets price band at Rs 475 to Rs 500 per Equity Share
By Agency-Delhi-NCR-
Paras K. Ghelani •Price Band of Rs 475 – Rs 500 per equity share bearing
based Netweb Technologies
9099010827 face value of Rs 2 each (“Equity Shares”)
India Ltd (Netweb Technolo-
http://letusgrowtogether111. •Bid/Offer Opening Date – Monday, July 17, 2023 and Bid/
gies) one of country’s lead-
blogspot.com Offer Closing Date – Wednesday, July 19, 2023.
ing high-end computing so- •Minimum Bid Lot is 30 Equity Shares and in multiples of
615 stoploss… It may touch Rs. 28 stoploss…. It may lutions (HCS) provider, with 30 Equity Shares thereafter.
639 to 657… touch 36 to 45… fully integrated design and •The Floor Price is 237.50 times the face value of the Equity
8) ITC (474.20): Rs. 3) Salasar (53.15): Rs. manufacturing capabilities Share and the Cap Price is 250 times the face value of the
466 stoploss… It may touch 49 stoploss…. It may touch (Source: F&S Report) has Equity Share.
480 to 486… 63 to 72… fixed the price band at Rs 475 •The Price to Earnings Ratio for Fiscal 2023 based on Di-
9) IEX (124.25): Rs. 4) Ruchira Paper to Rs 500 per Equity Share luted EPS at the Floor Price is 52.37 times and at the Cap Price
(110.95): Rs. 105 stoploss…. for its initial public offering is 55.13 times.
120 stoploss… It may touch
It may touch 126 to 144… of equity shares (“IPO” or
135 to 153… and in multiples of 30 Equity
5) South Ind Bank “Offer”). The IPO will open
# Hot Delivery based Shares thereafter.
(22.45): Rs. 21 stoploss…. It on Monday, July 17, 2023, for
Short term Stock : Between March 31, 2022
may touch 25 to 27… subscription and closes on
1) Patel Integrated Wednesday, July 19, 2023. and May 31, 2023 it has al-
(14.25): Rs. 13 stoploss…. It 6) Bombay Dyeing
(113.55): Rs. 108 stoploss…. Investors can bid for a mini- most doubled its order book
may touch 18 to 23… mum of 30 Equity Shares value from Rs. 48.56 crore to
2) Pasupati (30.20): It may touch 126 to 135…
Rs. 90.21 crore.
 THE 7
Date:17.07.2023 to 23.07.2023
ECONOMIC REVOLUTION FINANCIAL WEEKLY

INVESTMENT OPPORTUNITY IN PRESENT MARKET CONDITION

BSE 30 INDEX has valuation parameters. Retails efits in near future but we values these days as equi-
moved from 62969 to 66060 investors participation has have not seen much big ties go from strength to
Kaushik Bhupatrai Joshi increased so it will have ma- strength. There will be high
and went upto 66060 within downfall or correction.
jor loss to retails investors if Hence need to study and correction very soon due to
30 days. This shows that FIIs C.A.Mumbai, market fall. Investors should overbuy position in all index
and QIB has start buying wait before buying for mid-
PSU, FMCG, bank and info M) 9892392633 avoid small and mid cap term investment. Big Inves- stock.
stocks. However Investors
E mail: fmindiain@yahoo.com shares during this period and tors don't feel much in con- Based on our study and
shall wait for company re- change to portfolio to large trol with traditional stock methodology follows by in-
ING WILL BE INCREASED sentiments changes as all vestors, I believe investors
sults. Retailer start again buy- cap companies. market ratios and other indi-
DUE TO LOK SHABHA stock are at near to all time shall earn reasonably good
ing with the assumption they Investors feel that this cators proving to be little
ELECTION IN NEXT 2 high and above the normal return in 9 months.
were remain behind and start will time to enter to get ben-
YEARS. IN LAST TWO
buy. Avoid fresh buying and WEEKS, WE HAVE SEEN SYMBOL LTP 52W H 52W L "365 D % CHNG "30 D % CHNG “ CMP IS CMP IS
Apply in SME IPO with FIIsAND QIB NET BUYING “ 06-Jul-2022" 06-Jun-2023 ABOVE BELOW
proper study fundamental. IN PSU Like oil company, Rail
We have seen volatile in finance and other metal stock. UPL 639.9 807 630 -7.14 -7.51 2% 26%
market and for speculation Retail investors shall take VOLTAS 754.85 1,064.95 737.2 -23.9 -7.14 2% 41%
always good market when at most care while selection EIDPARRY 454.25 670 433.2 -18.47 -3.14 5% 47%
too much volatile in index. of stock during this period. PAGEIND 36,692.00 54,349.10 34,952.65 -16.61 -5.5 5% 48%
The market movement does Prefer to select from FMCG, VIPIND 586 765 549.45 -5.64 -4.85 7% 31%
not give any specific trends CHAMBLFERT 266.5 366.8 248.4 -10.77 -5.27 7% 38%
MNC and NEFTY only which
and guidance for next 12 EASEMYTRIP 43.85 438.45 39.7 -88.36 - 10% 900%
shall give good return in next ACC 1,778.65 2,785.00 1,592.35 -18.54 -4.14 12% 57%
months. There will be market 6 - 8 months. Compare to re-
volatile in near future and IRCTC 623.05 774.9 557.1 4.21 -4.61 12% 24%
turn on Fix Deposit, Equity in- JUBLFOOD 471.2 652.35 412.1 -19 -2.86 14% 38%
give opportunities for inves- vestment in NEFTY shall give IPCALAB 775 1,034.30 669.8 -21.09 4.68 16% 33%
tors to grab the MNC and better return. ABFRL 214.7 359.5 184.4 -15.04 2.97 16% 67%
NEFTY stock at attractive While reviewing the mar- DEEPAKFERT 597.9 1,062.00 512.4 -6.62 6.44 17% 78%
price. Majorly all good stock ket indicators along with the LICI 620 754.25 530.05 -14.35 2.81 17% 22%
is near to 52 weeks High and contributors for market vol- JUBLINGREA 410.15 592.6 350.45 -15.9 -4.64 17% 44%
request retail investors to buy ume, we have noted that In- BALAMINES 2,206.00 3,844.00 1,880.00 -30.43 -1.84 17% 74%
with selective industry only. stitutional investors daily ADANITRANS 742.65 4,236.75 631.5 -72.71 -9.45 18% 470%
There will be great fall in small volume has reduced and re- PGHH 15,470.00 15,500.00 13,140.10 7 7.98 18% 0%
cap and mid cap as their price tail investors increased. This WHIRLPOOL 1,435.20 1,905.00 1,217.25 -12.61 -1.81 18% 33%
is above their fundamental shows that the retail inves- EICHERMOT 3,345.00 3,889.65 2,836.00 9.76 -9.34 18% 16%
level. tors has become aggressive PETRONET 230.9 242.4 195.7 3.31 0.56 18% 5%
RETAIL INVESTORS and see potential to make TATACHEM 985.6 1,214.90 832.6 16.61 -2.3 18% 23%
SHALLNEEDTOBESELEC- quick money with bulls in MARUTI 9,605.00 10,036.95 8,076.05 14.3 1.37 19% 4%
TIVE AND INVESTMENT mind. NAVINFLUOR 4,390.00 4,950.00 3,667.05 16.77 -5.2 20% 13%
PREFERS IN TO PSU STOCK LATENTVIEW 370.25 421.45 308.75 3.28 7.25 20% 14%
Any correction in index TCS 3,509.00 3,575.00 2,926.10 9.93 2.99 20% 2%
AS GOVERNMENT SPEND- due to any news and market
tioned that profit booking was out the week where a strong
Bullish movement above 58378 in gold and 73030 in silver seen in MCX silver with a bullish move from the low
above Rs 77598 can be seen. On
the weekly chart, MCX Silver is
while profit booking remains below 226 in natural gas bounce below Rs 72077, a
level that was not crossed in
around Rs 70400 followed by a
bounce above Rs 5600 showed
forming a "Flat Base Strong
Breakout" indicating that the
Nymex Crude Oil showed
k e n the first two days of the week a high of Rs 76055. bullish move will continue above
a strong upward move from
Commodity Corner through- where selling from highs In MCX silver, the close the important support Rs 74181
the psychological level of $70
o u t around Rs 71800 showed a Donchain channel breakout
at the weekend high above and Rs 73030 in silver. If it breaks
t h e low below Rs 71000. Cross- level is opening above Rs 76673
$78. MCX crude oil opened ASHISH NAYAK Rs 74181 and closes below it, a
week ing the barrier of Rs 72077 and to Rs 77598, which can be con-
around Rs 6087 at the begin- 9376988765, 9924279825 low price below Rs 73030 can be
while closing above it achieved a sidered as a barrier level. A
ning of the week, followed by rosenayak.1984@yahoo.com seen. $26.20 can be considered
prices target of Rs 73039, indicating bounce below Rs 76673 can see
a weekly low of around Rs as resistance while $24.40 can be
above it, prices above Rs 226 around the $1976 barrier were a high above Rs 76000. The normal profit booking. If the bar-
6040 and a bullish move from considered as support in Comex
can be seen. MCX Natural shown at the end of the week. level stated as Rs 70019 sup- rier breaks above Rs 76673 and
around that to a weekly high Silver.
Gas has an important Technically, the MCX port was not broken through- closes above Rs 77598, a break
of around Rs 6330. In last
Donchan channel break- gold bull flag is forming on
week's article, I suggested
profit booking should be sus- down level opening below Rs the weekly chart, which is giv- Utkarsh small finance en-
207 to Rs 201, which can be ing indications that the bull-
tained in MCCUs copper on
a bounce below Rs 742, a level considered as level support. ish move will continue above
tered in the capital market
By Agency-Varanasi-
around which profit booking A general bullish move can the important supports of Rs •Price Band fixed at Rs 23 – Rs 25 per equity share
8833 and Rs 8378 in gold. A based Utkarsh Small Finance
would be sustained from be seen above Rs 207. bearing face value of Rs 10 each (“Equity Shares”) of
Bank Limited ("Bank”) pro-
higher prices. Depicted as Rs Levels above $1970 break below Rs 8833 with Utkarsh Small Finance Bank Limited (“Bank”)
poses to open its initial public
711 support, the level was not showed last week in heavy volume and a close •Bid/Offer Opening Date – Wednesday, July 12, 2022
offeredx comprising a fresh is-
broken throughout the week Comekus Gold holding on below Rs 8378 may be seen. and Bid/Offer Closing Date – Friday, July 14, 2022*.
sue of such number of Equity
where a bullish move from the with support strength at All technical indicators in Shares aggregated up to Rs •Minimum Bid Lot is 600 Equity Shares and in mul-
low around Rs 717 showed a $1900. MCX gold opened the short to medium term are 5,000 million (“Issue”) on tiples of 600 Equity Shares thereafter.
high above Rs 740. On a week around Rs 58692, slowly moving out of over- Wednesday, July 12, 2023. Bid/ •The Floor Price is 2.30 times the face value of the
weekly basis, Nymax crude oil showed a weekly low of bought phase which can be Issue Closing Date wason Fri- Equity Share and the Cap Price is 2.50 times the face value
rose by $3.70 while MCAX around Rs 58378, followed by considered positive for me- day, July 14, 2023. The Anchor of the Equity Share.
crude oil rose by over Rs 250. a bullish move around it, dium to long term run. In MCX Investor Bidding Date is one Equity Shares and in multiples
Natural gas saw a strong showing a weekly high of Gold, the nearest Upper Working Day prior to the Bid/ of 600 Equity Shares
recovery during June but con- above Rs 59370. In last week's Bollinger Band is opening Issue Opening Date, was, thereafter.The Bank is pro-
tinued to sell off since early article, I mentioned MCX gold above Rs 9849 to Rs 60480 Tuesday, July 11, 2023. moted by Utkarsh CoreInvest
July, with prices again near sustaining profit booking with which can be considered as a Bank recorded the third Limited, which commenced its
one-month lows. MCX Natu- bounce below Rs 59580, a barrier level. A bounce below fastest Gross Loan Portfolio operations as a NBFC in Fis-
ral Gas opened around Rs 217 level not breached through- Rs 9849 can see normal prof- growth between Fiscal 2019 cal 2010 and focused on pro-
at the start of the week, out the week, where contin- itable selling. If it crosses Rs and Fiscal 2023 among small viding microfinance to un-
showed a weekly high of ued selling would be sus- 9849 and closes above it, finance banks (“SFB”). The served and underserved seg-
around Rs 225, followed by a tained from highs around Rs prices above Rs 60480 can be Bank has fixed the price band
weekly low of around Rs 210 59380. The level stated as Rs seen. In Comecius Gold, Share for the Issue. Bids can ments particularly in the states
at Rs 23 to Rs 25 per Equity be made for a minimum of 600 of Uttar Pradesh and Bihar.
as profit booking emerged 57839 support was not bro- $1911 can be considered as
from around it. MCX Natural ken throughout the week, support while $2030 can be DISCLAIMER: No financial information whatsoever published anywhere here should
Gas is forming a "rounding where a bullish move from the considered as a barrier. be construed as an offer to buy or sell securities, or as advice to do so in any way
whatsoever. All matter published here is purely for educational and information pur-
top" on the weekly chart, in- low around Rs 58400 followed At the beginning of the poses only and under no circumstances should be used for making investment decisions.
dicating that profit booking by a bounce above Rs 900 week, MCX Silver opened Readers must consult a qualified financial advisor prior to making any actual investment
decisions, based on information published here. With entry barriers, SEBI wants only
will continue as natural gas showed a high above Rs around Rs 71108 and showed well-informed investors to participate is such offers. With crazy recent listings, SME
bounces below Rs 220 and Rs 59300. The $1890 level was a weekly low of around Rs IPOs have started drawing the attention of investors across the board. However, as
SME issues have entry barriers and continued low preference from broking community,
226, an important barrier. If it cited as support in Comex 70400, followed by a bullish any reader taking decisions based on any information published here does so entirely at
crosses Rs 220 and closes Gold, a level that was not bro- move from around Rs 76000. own risk. Above information is based on information available as on date coupled with
In last week's article, I men- market perceptions. Author has no plans to invest in this offer
 8 THE
FINANCIAL WEEKLY
MARKETSTO WITNESS CORRECTION DURING NEXT WEEK
MARKET FORECAST FOR THE PERIOD STARTING FROM 17thJULY, 2023 TO
SENSEX STOCKS
23rd JULY,2023
MURTY GARIMELLA
A Sebi Regd Reserch Analyst
INH 200002648 040-23403201 & 23403202
M)091675 47273 www.tickntrade.com
e mail : tickntrade@gmail.com
sensex_stocks@yahoo.co.in
Marketsare expected
to open on Mondayin
positive zone with Sensex
likely to open with a gap
of 50-100 points and Nifty
is likely to open with a
positive gap of 5-10
points, as Global
Marketswitnessed reac-
tionary trends on Friday.
Asian Markets are likely to
open in negative zone on
Monday.Our Markets are
likely to witness huge
volatility as usual and
mixed trends.Markets are
likely to close on next Fri-
day with high uncertainty
with a correction on
cards.
Our Markets on last
Monday opened in positive
zone with Nifty opened at
19400, a positive gap of 69
points from previous clos-
ing index of 19331.80.
Nifty opened in positive
zone on all five trading
days. Nifty closed in posi-
tive zone on four of the
five trading days. Nifty
raced from 19332 to a life
time high of 19595 and
tasted a low of 19327. At
Strong bullish move likely to continue above
64600 in Sensex and 19171 in Nifty
The strong psychological
level of 60000 in Sensex held
in both the early weeks of June
and July continued the domi-
nant historical bullish trend
last week where the Sensex hit
a new all-time high of 66159
on Friday. At the start of the
week, the Sensex opened
around 65530, showing a
weekly low below 65232 with
a bullish move around that
showing a weekly high above
66170. In last week's article I
clearly stated that Sensex will
continue its historical bullish
move above 64329 as the sup-
port given was not broken
throughout the week where
bullish move from lows around
65300 showed a high above
66100 with a bounce of 850
points. As mentioned above
65808 above 66348 is seen in
the index, showing a high
above 66159 above 65808. On
a weekly basis, the Sensex has
seen a surge of over 786 points.
-- Performance of last
week's trading recommenda-
tions:
Printed, Published and Owned by Mrs. DEVLAXMI N. JOSHI and Printed at Bhoomi Offset Bhatiya vadi, Opp. Kalupur Rly. Station, Kalupur, Ahmedabad-380002
and published from H-115/991, Nirmal Appartments, Opp. Jaymangal BRTS Bus Stop, 132’ Ring Road, Naranpura, AHMEDABAD-380 063. Editor- Mr. NARENDRA JOSHI. PH :-079-27451449, (M) 9825065387
ECONOMIC REVOLUTION
this peak level, Markets
need a proper correction,
as the markets are mov-
ing up without any valid
grounds when economy is
sinking so deep with high
inflation tendencies. Fi-
nally Nifty closed on Fri-
day at 19564 , registered
a net weekly gain of 233
points. Bank Nifty too
opened in positive zone on
last Monday at 44959 , a
gap of 33 points from its
previous week's closing
figure of 44925. Bank
Nifty too opened in posi-
tive zone on all trading
days without exception
and closed in positive zone
on two trading days and
closed in negative zone on
remaining three trading
days. Bank Nifty hit a
weekly high of 45184 and
a low of 44548. Finally it
closed at 44819, thus reg-
istered a net weekly loss
of 106 points. Rupee
closed at 82.18 on Friday.
FIIs did net buying on
four of the five trading
days and DIIs did net sell-
ing on three trading days
- -
Rocking Tips Makers
ASHISH NAYAK
9376988765, 9924279825
rosenayak.1984@yahoo.com
-- Apollo Tires (Buy) (Rs
417 to Rs 435) achieved first
target of Rs 430.
-- Kalyan Jewelers (Buy)
(Rs 160.75 to Rs 184) easily
managed the given targets of
Rs 168 and Rs 175, with the
stock showing highs above
Rs 184. The stock showed a
strong bounce above Rs 23.
and net buying on remain-
ing two trading days.
On Monday, Markets
are likely to open in posi-
tive zone with Sensex
likely to open with a mar-
ginal gap of 50-100 points,
markets opening largely
depends on how Asian
Markets likely to open on
Monday morning. Mar-
kets witness mixed trends
throughout the week with
huge volatility. Markets
end with high uncertainty
but there is high probabil-
ity for proper correction
during the week.
I request all readers to
use their discretion and
also due diligence while
following my recommen-
dations. Kindly take all
your precautions while
following these sugges-
tions in their own
interest.Pharma,
Infrastructure,Metals,
Engineering,Banking, ce-
ment and energy sectors
will do well during this
week.
I advise all the traders
to apply stop loss for all
their executed trades as
per their risk bearing ca-
pacity. Please do take note
of the Re-Entry price
where ever the stop loss
triggers.
Bank of
Baroda
(Buy) To
h o l d
stoploss
for trade
support prices for given tar-
gets.
-- HDFC Bank (Sell) (Rs
1659 to Rs 1629) This heavy-
weight banking stock has seen
a sell-off even in the market's
historic bullish move, which is
an example of sound analysis.
If the share does not cross the
Continue on ......06
Date:17.07.2023 to 23.07.2023
MURTY RECOMMENDS AS UNDER:-
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POINTS TO REMEMBER:
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SAFE BETS:Both thepositions are to be taken simultaneously in order to be safe
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on trading, i.e., both futures as well as option are to be taken to get the purposed
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served.
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OPTIONS SEGMENT: Both call and put are to be taken simultaneously without
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any deviation. Do not do naked trading, it is dangerous to pockets.
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OPENING QUOTES BELOW THE RECOMMENDED PRICES: If any scrip opens below
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the recommended price i.e., below the buying price range, please do not enter
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123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
into that scrip.
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
123456789012345678901234567890121234567890123456789012345678901212345678901234567890123456789012123456
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
CASH SEGMENT:
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
TTML:BUY @73-75, TARGET PRICE:82-85, STOP LOSS: 71-71.25, RE-ENTRY PRICE:
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
68.00-69.50, EXIT PERIOD: 15-20 TRADING DAYS. (ENTRY TIME:-DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
BANDHANBNK:BUY@ 217-220, TARGET PRICE: 240-245, STOP LOSS: 210-210.25,
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
RE-ENTRY PRICE: 202-206, EXIT PERIOD: 15-20 TRADING DAYS, (ENTRY TIME - DURING
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
LXCHEM: BUY @ 247-250, TARGET PRICE:275-285, STOP LOSS: 240-240.25, RE-
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
ENTRY PRICE:230-235,EXIT PERIOD: 15-20 TRADING DAYS. (ENTRY TIME:-DURING THE
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
MANAPPURAM:BUY@124-127, TARGET PRICE: 140-145, STOP LOSS: 120-120.25,
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
RE-ENTRY PRICE: 114-117, EXIT PERIOD: 15-20 TRADING DAYS, (ENTRY TIME - DURING
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
DELTACORP:BUY @182-185, TARGET PRICE: 205-210, STOP LOSS: 176-176.25,
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
RE- ENTRY PRICE:168-172,EXIT PERIOD: 15-20 TRADING DAYS, (ENTRY TIME - DURING
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
FUTURES:
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
AARTIIND - AUG:BUY@450-455, TARGET PRICE:500-515, STOP LOSS:436-436.50,
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
RE-ENTRY PRICE:420-428, EXIT PERIOD: 10-15 TRADING DAYS. (ENTRY TIME: DURING
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
VEDL - AUG:BUY@275-280, TARGET PRICE:310-320, STOP LOSS: 266-266.25, RE-
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
ENTRY PRICE: 254-260, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY TIME - DURING
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
BIOCON - AUG:BUY@260-265, TARGET PRICE: 290-300, STOP LOSS: 43.50-43.65,
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
RE- ENTRY PRICE:41.50-42.50, EXIT PERIOD: 10-15 TRADING DAYS. (ENTRY TIME -
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
SRF -AUG: BUY @2200-2210, TARGET PRICE: 2400-2450, STOP LOSS: 2175-2176,
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
RE- ENTRY PRICE:2075-2125, EXIT PERIOD: 10-15 TRADING DAYS. (ENTRY TIME -
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
DEEPAKNTR -AUG: BUY@ 1925-1935, TARGET PRICE: 2125-2175, STOP LOSS: 1865-
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
1866, RE-ENTRY PRICE: 1785-1825, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY TIME:
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
SAFE BET:
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
SAIL- FUTURES:BUY@ 90-92, TARGET PRICE:102-105, STOP LOSS: 87-87.25, RE-
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
ENTRY PRICE:83-85, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY TIME: DURING THE
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
SAIL - PUT-92-PE:BUY @ 1.50-2.00, TARGET PRICE: 6.00-8.00, STOP LOSS:1.00-
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
1.15, EXIT PERIOD: TILL EXPIRY. (ENTRY TIME: DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
HINDPETRO - FUTURES- AUG:BUY@ 285-290, TARGET PRICE: 320-330, STOP LOSS:
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
276-276.25, RE-ENTRY PRICE: 264-270, EXIT PERIOD: 10-15 TRADING DAYS, (ENTRY
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
TIME: DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
HINDPETRO- PUT -290-PE:BUY @ 5.00-6.00, TARGET PRICE: 20.00-25.00, STOP
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
LOSS: 3.00-3.25, EXIT PERIOD:TILL EXPIRY. (ENTRY TIME: DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
OPTIONS:
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
STOCK OPTIONS:
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
HINDALCO- CALL- 450-CE:BUY@6.00-7.00, TARGET PRICE:25-30, STOP LOSS:4.00-4.25,
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
EXIT PERIOD:TILL EXPIRY. (ENTRY TIME: DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
HINDALCO - PUT -450-PE:BUY@8.00-9.00, TARGET PRICE:30.00-35.00, STOP LOSS:5.00-
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
5.25, EXIT PERIOD:TILL EXPIRY. (ENTRY TIME: DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
BANKBARODA- CALL -200-CE: BUY@3.00-3.75, TARGET PRICE:10.00-15.00, STOP
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
LOSS:2.00-2.15, EXIT PERIOD:TILL EXPIRY.(ENTRY TIME: DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
BANKBARODA -PUT-200-PE:BUY@3.75-4.50, TARGET PRICE:12.00-15.00, STOP
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
LOSS:2.25-2.35, EXIT PERIOD:TILL EXPIRY. (ENTRY TIME: DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
INDEX OPTIONS:
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
NIFTY50 - CALL -19600-CE-27-07-2023: BUY @100-115, TARGET PRICE:500-550,
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
STOP LOSS: 60-61, EXIT PERIOD: TILL EXPIRY,(ENTRY TIME: DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
NIFTY50 - PUT -19600-PE-27-07-2023: BUY @ 110-125, TARGET PRICE:500-550,
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
STOP LOSS: 60-61, EXIT PERIOD: TILL EXPIRY, (ENTRY TIME: DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
BANKNIFTY - CALL -45000-CE -27-07-2023: BUY @250-265, TARGET PRICE:1000-
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
1200, STOP LOSS:125-126, EXIT PERIOD: TILL EXPIRY, (ENTRY TIME: DURING THE DAY)
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
BANKNIFTY -PUT-44800-PE-27-07-2023:BUY @250-275, TARGET PRICE:1000-
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
12345678901234567890123456789012123456789012345678901234567890121234567890123456789012345678901212345
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1200, STOP LOSS:125-126, EXIT PERIOD: TILL EXPIRY, (ENTRY TIME: DURING THE DAY)
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