On the first day of the July series, the market has made a strong start. Nifty is near 15800 and Bank Nifty is outperforming slightly today. Keep in mind that the lot size of Nifty has come down from 75 to 50 from today. Through the options data, we will try to understand which range the writers are watching for the next week. Today’s expert on CNBC-Awaaz is Vinay Rajani of HDFC Securities. Vinay will also give his great calls on the stocks along with the index. Also there will be a cheaper option in today’s show.
Today’s bullish stocks in the futures market
Today’s bearish stocks in the futures market
Vinay Rajani of Hdfc Securities on the market
Vinay Rajani while giving his opinion on the market said that in the last 4 sessions Nifty has been moving up and down in the range of 15700 to 15900, due to which it was very difficult for the traders to even guess in which direction Nifty will move. But the way derivatives are indicating, it seems that the market should go towards breakout and Nifty should break 15900 level in the coming days.
Rajani said that the reason behind this is that the trend of the global market has appeared very positive. The figures for the US and Europe are looking good. The market is looking very light at the moment, so there is a lot of breakout opportunities on the upside.
Vinay Rajani’s advice on the index
NIFTY : Buy Nifty 15800, SL 15700, Tgt 15950
BANKNIFTY: Buy BankNifty 35100, sl 34700, Tgt 35700
Vinay Rajani Advice on Stocks
Buy LTI (Larsen & Tubro Infotech) July Fut 4212, SL 4130, Tgt 4350
Buy Glenmark Pharma July Fut at 650, SL 635, Tgt 675
Vinay Rajani as the Star of July Expiry has given a Buying opinion on Tech Mahindra and believes a target of 1190 can be met.
Buy Tech Mahindra July Fut 1060, SL 1000, Tgt 1190 (Time-Frame : Till July Expiry)
(Disclaimer: The views and investment advice given on moneycontrol.com are the personal views and opinions of investment experts. Moneycontrol advises users to consult a certified expert before making any investment decision.)
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