BASIC2BEMISAL | NIFTY I BANKNIFTY | BTST 📶☺️👍

BUY BANKNIFTY 46100 PE Above 341 SL 310 TGT 360 380 400

Stocks in the news Reliance Industries: The billionaire Mukesh Ambani-led Reliance reported consolidated net profit at Rs 18,258 crore for the quarter ended June 2023, down 5.9 percent from the year-ago period as muted performance in oil-to-chemicals (O2C) partly offset the strong growth in consumer-facing businesses. Higher finance cost and depreciation also weighed on the company's bottomline. Total revenue in Q1 declined to Rs 2.31 lakh crore from Rs 2.42 lakh crore a year ago as O2C segment sales declined tracking the weakness in crude prices. ICICI Bank: The country's second-largest private sector lender reported a 39.7 percent on-year growth in standalone profit at Rs 9,648 crore for the quarter ended June FY24 despite elevated provisions and contingencies. Net interest income increased by 38 percent on-year to Rs 18,227 crore with net interest margin expansion of 77 bps on-year at 4.78 percent. Kotak Mahindra Bank: The bank reported a standalone profit of Rs 3,452.3 crore for the June quarter, growing 66.7 percent over a year-ago period despite a rise in provisions & contingencies. Net interest income grew 32.7 percent on-year to Rs 6,233.7 crore. AU Small Finance Bank: The small finance bank's profit grew 44 percent on-year growth to Rs 387 crore in the June quarter. The bank saw a 39 percent increase in pre-provision operating profit at Rs 546 crore. Net interest income rose 28 percent year-on-year to Rs 1,246 crore with net interest margin declining 20 bps to 5.7 percent Yes Bank: The private sector lender recorded a profit of Rs 343 crore for the June quarter despite doubling the provisions and contingencies YoY, with operating profit growing 38.8 percent YoY to Rs 818 crore. Net interest income grew by 8.1 percent on-year to Rs 2,000 crore. RBL Bank: The bank has reported a profit of Rs 288 crore for the June quarter, up 43 percent from the year-ago period despite an increase in provisions and contingencies. Net interest income increased 21 percent on-year to Rs 1,246 crore. Lupin: The pharma major received tentative approval from the United States Food and Drug Administration (US FDA) under the US President's Emergency Plan for AIDS Relief (PEPFAR) for its new drug application for Dolutegravir Lamivudine and Tenofovir Alafenamide tablets. This product would be manufactured at Lupin's Nagpur facility. Biocon: The FDA conducted two GMP inspections at Biocon's insulins manufacturing facility in Malaysia during July 10-20. The US health regulator issued a Form 483 with six observations for drug substance, drug product units and quality control laboratories as well as two observations for the delivery devices unit. One 97 Communications: The Paytm operator narrowed its net loss in the June quarter to Rs 357 crore from Rs 644.4 crore in the year-ago period. Revenue grew by 39 percent on-year to Rs 2,342 crore led by an increase in GMV, merchant subscription revenues, and growth of loans distributed through its platform.

Results on July 24 Tata Steel, HDFC Asset Management Company, Canara Bank, IDBI Bank, TVS Motor Company, PNB Housing Finance, Poonawalla Fincorp, Spandana Sphoorty Financial, Chennai Petroleum Corporation, Craftsman Automation, Gravita India, IIFL Securities, Jammu & Kashmir Bank, JK Paper, Mahindra Logistics, Sharda Cropchem, Shoppers Stop, SRF, Tamilnad Mercantile Bank

Results on July 24 Tata Steel, HDFC Asset Management Company, Canara Bank, IDBI Bank, TVS Motor Company, PNB Housing Finance, Poonawalla Fincorp, Spandana Sphoorty Financial, Chennai Petroleum Corporation, Craftsman Automation, Gravita India, IIFL Securities, Jammu & Kashmir Bank, JK Paper, Mahindra Logistics, Sharda Cropchem, Shoppers Stop, SRF, Tamilnad Mercantile Bank

Results on July 24 Tata Steel, HDFC Asset Management Company, Canara Bank, IDBI Bank, TVS Motor Company, PNB Housing Finance, Poonawalla Fincorp, Spandana Sphoorty Financial, Chennai Petroleum Corporation, Craftsman Automation, Gravita India, IIFL Securities, Jammu & Kashmir Bank, JK Paper, Mahindra Logistics, Sharda Cropchem, Shoppers Stop, SRF, Tamilnad Mercantile Bank

Update Nifty made low 19730, 2nd 🎯, Achieved from our short level 19849. Banknifty made low 45982.80, Nr. 1st 🎯 from our short level 46084.✈️✈️✈️

#Correction

#Correction