Most of the global stock markets are in red and so you can expect gap down the opening of Indian bourses. Although long-term trend is positive and you need to be cautious at this stage. 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 – 07 July 2017.
The foreign institutional investors (FIIs) sold shares worth Rs 15.29 crore and domestic institutional investors also bought shares worth Rs 315.95 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 – 07 July 2017
Equity, Futures & Option, Commodity & Currency
Equity: Stock Trading Tips – 07 July 2017
BUY PTC India Finance for a Target of 44.95, and keep Stop Loss @ 40.50
Long Spicejet for a Target of 133, and keep Stop Loss @ 124
BUY Punjab & Sind Bank for a Target of 59.95, and keep Stop Loss @ 52.50
Future & Option: Stock Trading Tips – 07 July 2017
BUY Nifty 27 July 2017 PE 9600 (Put Option) for a Target of 95, and keep Stop Loss @ 55
Commodity: Stock Trading Tips – 07 July 2017
BUY Crude Oil Future 19 July 2017 for a Target of 3050, and keep Stop Loss at 2930
Currency: Stock Trading Tips – 07 July 2017
SELL USDINR 27 July 2017 for a Target of 64.80, and keep Stop Loss @ 65.05
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