Technical Analysis:
- Nifty 50 & Bank Nifty: Some analysts predict a gap-down opening for both Nifty 50 and Bank Nifty tomorrow. This means the opening prices might be lower compared to today’s closing prices. Keep an eye on support and resistance levels to identify potential entry and exit points.
Global Cues:
- Asian Markets: Look at how major Asian markets like Shanghai Composite and Nikkei perform early tomorrow. Their performance can influence the opening of the Indian markets.
- US Market Closing: The closing of the US markets tonight can also provide some direction for the Indian market tomorrow.
Sectoral Buzz:
- Auto Sector: The Auto sector is expected to remain in focus due to positive industry outlook and recent stock picks by brokerages like B&K Securities.
Company-Specific News:
- Remedium Lifecare: The board meeting scheduled for July 8th to discuss a potential ₹200 crore fundraising plan could impact the stock price tomorrow in anticipation.
- Vraj Iron and Steel: As this company’s IPO lists tomorrow, monitor the listing price and initial trading activity to gauge investor sentiment.
- Oil India: The recent news of OIL India going ex-bonus (meaning existing shareholders receive bonus shares) might lead to increased volatility in the stock price tomorrow.
Potential Stock Triggers:
- UPL: The company is expected to release its quarterly earnings report tomorrow. Strong earnings could push the stock price up, while weak results might cause a decline.
- Sun Pharma: Any news related to product approvals, new drug launches, or partnerships could significantly impact the stock price.