Global stock markets are trading very strong suggesting gap up opening of Nifty and Sensex. You can expect Nifty50 to make new high today and more likely to open near 9900. Book profits at this level and wait for the market to correct to re-enter. Check out the Stock Trading Tips – 13 July 2017.
FII and DII Activity
Foreign institutional investors (FIIs) bought shares worth Rs 361.25 crore and domestic institutional investors sold shares worth Rs 330.58 crore in the Indian stock 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 – 13 July 2017
Equity, Futures & Option, Commodity & Currency
Equity: Stock Trading Tips – 13 July 2017
BUY JSPL for a Target of 149, and keep Stop Loss @ 138
Long Tata Steel for a Target of 565, and keep Stop Loss @ 556
BUY Visaka Ind for a Target of 540, and keep Stop Loss @ 522
Future & Option: Stock Trading Tips – 13 July 2017
BUY Nifty 27 July 2017 CE 9900 (Call Option) for a Target of 120, and keep Stop Loss @ 30
Commodity: Stock Trading Tips – 13 July 2017
BUY Crude Oil Future 19 July 2017 for a Target of 2995, and keep Stop Loss at 2920
Currency: Stock Trading Tips – 13 July 2017
SELL USDINR 27 July 2017 for a Target of 64.60, and keep Stop Loss @ 64.80
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