Overall volumes in futures & options currently stand at 1,62,82,041 contracts with a turnover of Rs.11,25,854.80 crore.

We believe the next major support area for the Nifty is in the zone of 11,300-11,320. On the upside, any pullback rally towards 11,550-11,570 is likely to be resisted and this area is the likely hurdle going forward. Stocks in news: BHEL, CIPLA, Dr Reddy’s Laboratories, CG Power and Industrial Solutions, Strides Pharma Science, IOL Chemicals and Pharmaceuticals, Reliance Industries, McNally Bharat Engineering.

The outlook for the day is a flat start with a slight negative bias. At the time of writing, the SGX Nifty was trading lower by 31 points at 11,398.

CG Holdings Belgium NV Systems Division, a wholly-owned subsidiary of CG Power and Industrial Solutions Ltd., bagged a contract for 400 MW wind farm in Saudi Arabia.

The stocks to look out on July 22 include Dabur India, NHPC, Deepak Fertiliser and Petrochemicals, L&T Technology Services and RBL Bank.

New Fund Offers (NFOs) that are open for subscription.

The stock of United Spirits Limited has formed a bearish engulfing candle on the daily time frame.

The stock of Housing Development Finance Corporation (HDFC) has formed a Bearish Harami candlestick pattern on a daily scale.

The benchmark index dipped by 560.45 points or 1.44 per cent on Friday on monsoon concerns and government's non-negotiating stance on super rich tax for FPIs. Auto and bank stocks lost the most during the day.

Larsen & Toubro’s power business secured substantial orders from Damodar Valley Corporation (DVC).