Asian stock markets are trading in green so you can expect Nifty, Sensex and other benchmark indices to open in green too. Nifty may hit 9700 but trade cautiously as it has very strong resistance at 9700 level. Check out the Stock Trading Tips – 10 July 2017.
The foreign institutional investors (FIIs) sold shares worth Rs 522.08 crore and domestic institutional investors bought shares worth Rs 720.08 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 – 10 July 2017
Equity, Futures & Option, Commodity & Currency
Equity: Stock Trading Tips – 10 July 2017
BUY SCI for a Target of 95.50, and keep Stop Loss @ 85.10
Long Transformer & Rectifier for a Target of 399, and keep Stop Loss @ 369
BUY BSE Ltd for a Target of 1115, and keep Stop Loss @ 1051
Future & Option: Stock Trading Tips – 10 July 2017
BUY Nifty 27 July 2017 CE 9700 (Call Option) for a Target of 99, and keep Stop Loss @ 50
Commodity: Stock Trading Tips – 10 July 2017
BUY Crude Oil Future 19 July 2017 for a Target of 2950, and keep Stop Loss at 2845
Currency: Stock Trading Tips – 10 July 2017
SELL USDINR 27 July 2017 for a Target of 64.60, and keep Stop Loss @ 64.85
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