Flat to a positive opening on Indian bourses likely on the card. You can expect Nifty may touch 9850 today but trade cautiously. Benchmark indices hit an all-time high in the last trading session. Check out the Stock Trading Tips – 12 July 2017.
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 – 12 July 2017
Equity, Futures & Option, Commodity & Currency
Equity: Stock Trading Tips – 12 July 2017
BUY Tata Steel for a Target of 565, and keep Stop Loss @ 552
Long Hexaware for a Target of 265, and keep Stop Loss @ 250
BUY IGL for a Target of 1145, and keep Stop Loss @ 1115
Future & Option: Stock Trading Tips – 12 July 2017
BUY Nifty 27 July 2017 PE 9800 (Call Option) for a Target of 99, and keep Stop Loss @ 70
Commodity: Stock Trading Tips – 12 July 2017
BUY Crude Oil Future 19 July 2017 for a Target of 2960, and keep Stop Loss at 2895
Currency: Stock Trading Tips – 12 July 2017
SELL USDINR 27 July 2017 for a Target of 64.55, and keep Stop Loss @ 64.80
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