Indian bourses likely to open with a flat note and trend for the day is bearish. But that doesn’t mean you can go for short as Nifty is holding its crucial support level of 9575. Although you can book partial profit if market recovers. Nifty has very strong resistance at 9700, so be cautious while trading. Check out the Stock Trading Tips – 05 July 2017.
The foreign institutional investors (FIIs) sold shares worth Rs 834 crore and domestic institutional investors bought shares worth Rs 294 crore in Indian equity market.
You can expect great monsoon rainfall than previously forecast as concern over the El Nino weather condition has eased. It raises prospects of higher farm and economic growth which is positive for the Indian stock market.
The India Meteorological Department (IMD) has upgraded monsoon forecast to 98 percent for this year. Rainfall during the June-September period monsoon season will be normal this year.
Read more about: How Monsoon Affect Your Earning From Stock Market
You can also read this week multibagger jackpot Stock: How Multibagger Stock Vedanta Can Double Your Money
Stock Trading Tips – 05 July 2017
Equity, Futures & Option, Commodity & Currency
Equity: Stock Trading Tips – 05 July 2017
SELL TCS for a Target of 2320, and keep Stop Loss @ 2370
Long CIMMCO for a Target of 92, and keep Stop Loss @ 84.50
BUY V2 Retail for a Target of 260, and keep Stop Loss @ 234
Future & Option: Stock Trading Tips – 05 July 2017
BUY Nifty 27 July 2017 PE 9500 (Put Option) for a Target of 95, and keep Stop Loss @ 45
Commodity: Stock Trading Tips – 05 July 2017
BUY Crude Oil Future 19 July 2017 for a Target of 3145, and keep Stop Loss at 3040
Currency: Stock Trading Tips – 05 July 2017
SELL USDINR 27 July 2017 for a Target of 64.75, and keep Stop Loss @ 65.10
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