Global stock markets especially Asian top indices are trading in positive and so you can expect Indian top benchmark indices likely to make a new high. You can expect Nifty50 to open near 9950 and if it manages to hold above it, then 10,000 likely on cards today or in this week. As a retail investor, you can book partial profits at this level and waits for the market to correct to re-enter. Check out the Stock Trading Tips – 17 July 2017.
FII and DII Activity
Foreign institutional investors (FIIs) bought shares worth Rs 673.56 crore and domestic institutional investors sold shares around Rs 136.27 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 – 17 July 2017
Equity, Futures & Option, Commodity & Currency
Equity: Stock Trading Tips – 17 July 2017
BUY Bhansali Engineering for a Target of 90, and keep Stop Loss @ 73
Long Jay Bharat Maruti for a Target of 675, and keep Stop Loss @ 660
BUY IGL for a Target of 1145, and keep Stop Loss @ 1115
Future & Option: Stock Trading Tips – 17 July 2017
BUY Nifty 27 July 2017 CE 9900 (Call Option) for a Target of 90, and keep Stop Loss @ 50
Commodity: Stock Trading Tips – 17 July 2017
BUY Crude Oil Future 19 July 2017 for a Target of 3050, and keep Stop Loss at 2985
Currency: Stock Trading Tips – 17 July 2017
SELL USDINR 27 July 2017 for a Target of 64.40, and keep Stop Loss @ 64.65
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