Mixed global cues suggesting Indian stock market to open with flat to a positive note. Market at its near-term high point so trade cautiously and don’t add a new position. Try to exit from markets slowly and re-enter when it correct as Nifty has very strong resistance at 9700. Check out the Stock Trading Tips – 06 July 2017.
The foreign institutional investors (FIIs) bought shares worth Rs 227.57 crore and domestic institutional investors also bought shares worth Rs 75.36 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 – 06 July 2017
Equity, Futures & Option, Commodity & Currency
Equity: Stock Trading Tips – 06 July 2017
BUY Prozone for a Target of 45.10, and keep Stop Loss @ 40.10
Long Bombay Dyeing for a Target of 101, and keep Stop Loss @ 87.20
BUY Jai Corp for a Target of 91.50, and keep Stop Loss @ 82.35
Future & Option: Stock Trading Tips – 06 July 2017
BUY Nifty 27 July 2017 PE 9600 (Put Option) for a Target of 125, and keep Stop Loss @ 55
Commodity: Stock Trading Tips – 06 July 2017
SELL Crude Oil Future 19 July 2017 for a Target of 2850, and keep Stop Loss at 2950
Currency: Stock Trading Tips – 06 July 2017
SELL USDINR 27 July 2017 for a Target of 64.80, and keep Stop Loss @ 65.10
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