Nifty support 8560-8490 if not break trend up. A close above 8660, target 8706/8750. Market may consolidate in a couple of days & its up move will continue. Now the market trending one day up & one day down. Don't short & get trapped. Buy on dip is the strategy.
For long term buy Bajaj auto
Hero honda is good buy for short term.
Buy Reliance Capital for target 410 in couple of days
Buy Tatamotors 420 CE at 2.85 target 4/5/7
Buy Axis bank july fut target 600/610
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Niftt has support in 8540-8520 level. Nifty closed above 8600 good sign of consolidation. Market is very strong. Now corporate results has to make the market direction. Today watch out for important results of INFY & HUL. Bank nifty fut above 19000. Looking for target of 19500/20000 in a month
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Nifty & bank nifty looking strong but in over bought position. Strong chance of down . 8660 pose resistance.
Nifty may be range bound on monday, may consolidate. Nifty may not go down below 8500. Corporate results may make market choppy. But Nifty may hit 8700 in a couple of weeks.
A good correction is inevitable & very healthy for market.
Bank nifty entered already in consolidation phase.
Nifty may be volatile tomorrow. Nifty has to close above 8420 convincingly to continue its upward journey. Bank nifty may be positive for tomorrow. Almost all banks are trading positive.
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As I recommended Banknifty can be bought & hold up to expiry target 18900. Support for nifty 8310-8230
On upper side nifty has to break 8425 convincingly Look at Maruti - it is trading in a narrow range. A break out in either side will lead to increase or decrease of 200 to 300 points. Our expectation is a break out in upper side
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Tatamotors now at 394 change SL 411
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Wednesday, July 08, 2015
Sell Tatamotors for Target 390/370 SL 435
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Buy Banknifty for target 18900
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Buy Heromotoco with SL 2540 Target 2600/2625 Hold for 2700 - short term (https://twitter.com/trade2daywebs/status/618348916577177602?s=02)
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Buy Bajaj Auto with SL 2560 Target 2650/2670 short term - CMP 2603.70
Nifty fut buy with SL 8490 Target 8558/8590
Axis bank buy with target 600 SL 572
Reliance Buy with SL 990 Target 1028/1045
HDFC Bank Buy with SL 1070 Target 1095/1100
Saturday, July 04, 2015
Given the fact that Indian market has notched up smart gains over the past couple of weeks, it is likely to trade rangebound next week, weighed down by outcome of Greece referendum and earning season which will begin from the second week of July.
Greece will effect market in couple of days only. As we have a good rally from 7950. Hence we may have a consolidation period for time being. 8500-8550 level will be provide stiff resistance for market. support for market will be 8410/8320. As our market have good strength it may not go down beyond 8090 levels. As per my view Greece has not direct impact on our economy.
Thursday, July 02, 2015
Buy Techmahindra 460 PE at 12-13 target 15/17
Buy banknifty around 18350 Target 18800
Wednesday, July 01, 2015
Buy Tatamotors at 440-442 Target 450/470 (short term )