Indian top benchmark indices likely to make new high and inching towards 10000. Global stock markets are also supporting it as most of them are trading in green. You can expect Nifty50 to make new high today and more likely to open near 9900. Book profits at this level and waits for the market to correct to re-enter. Check out the Stock Trading Tips – 14 July 2017.
FII and DII Activity
Foreign institutional investors (FIIs) sold shares worth Rs 59.15 crore and domestic institutional investors bought shares worth Rs 279.13 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 – 14 July 2017
Equity, Futures & Option, Commodity & Currency
Equity: Stock Trading Tips – 14 July 2017
BUY Biocon for a Target of 379, and keep Stop Loss @ 365
Long Balrampur Chini for a Target of 159, and keep Stop Loss @ 155.50
BUY Praj Ind for a Target of 82, and keep Stop Loss @ 76.50
Future & Option: Stock Trading Tips – 14 July 2017
BUY Nifty 27 July 2017 CE 9900 (Call Option) for a Target of 95, and keep Stop Loss @ 55
Commodity: Stock Trading Tips – 14 July 2017
BUY Crude Oil Future 19 July 2017 for a Target of 2995, and keep Stop Loss at 2945
Currency: Stock Trading Tips – 14 July 2017
SELL USDINR 27 July 2017 for a Target of 64.45, and keep Stop Loss @ 64.65
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