Being in our habit, we once again predicted the 100% accurate market view last week also. And we hope that you all now be getting addicted to our accuracy and must be minting massive gains with our highly accurate market view and money mintng stock calls.
Last week we minted massive gains in nift fut trading, and our OPTION CALLS of Nifty4300CE (trades twice in a week), SAIL160CA, HDIL270CA, etc gave almost 50% gains in intraday trades, much more gains yet to come.
Our Delivery calls of Tata Tea, Rallis , GMR Infra etc gave massive gains of 5-12% in week time. Due to busy schedule, we wont be going in detailed profits of all the calls we have given to PREMIUM MEMBERS.
This week is very crucial for the markets, as the budget is going to be announced on Monday, and that will decide the trend for markets for 1-2 days. However the effect of budget on markets will be for very less time, and after that market will take its usual form, so one must leverage positions keeping in mind the budget scenario prevailing. If we believe in what the markets are trying to depict then insurance and banking sector announcements will display the progressive nature of the Budget. At the same time markets expect replacement of waiver of Long-term gains. On monday, the first one hour will trading without any budget announcements, so that hour can show ambiguous move and then as time will go on, and budget announcements will start coming, markets will take its direction. We advice the traders not to leverage positions in the morning, and wait till the announcements start coming. Any rebate in STT can make the market surge up, however no announcement on STT can make an ambiguous direction in markets again.
For this week, Nifty fut will face major resistance at 4490-4520, if nifty crosses this levels and sustains above these levels, then we can see an upside rally in markets till the levels 4545-4590-4630 and more higher levels. However, on downside Nifty fut has support at 4380-4362-4330, susatining below 4330 level will open doors for downside movement and nifty will try to touch lower levels of 4280-4230-4165 and more lower levels. For this week Nifty range will be 4340-4520,breakout on eitherside will lead to sharp movement.
Many people are very much excited about the budget effect on market, we would like to say that dont leverage any position keeping in mind the budget announcement. Go with the levels, and hedge all your positions accordingly, as we might see ambiguous movement in markets, if budget is not as per the market expectation. It is less then twenty-four hours before we know the actual contour of the budget. It is meaningless to speculate on this end at this time.
Nifty fut levels
Resistance - 4490-4520-4590-4630-4710
Support - 4380-4330-4280-4230-4165
Stocks for the week
- Fortis
- Exide ind
- GVK power
- JP Associate
- Visu International
- Tech Mahindra
- Navneet Publication
Intraday calls for 6July
- Buy Rain comm abv 140 tgt-143-147-154
- Buy Tech Mahindra abv756 tgt-763-772-788
- Buy Provogue abv47.6 tgt-48.2-48.75-49.4
- Buy JP Hydro abv93 tgt-94-95.2-97
- Buy RCF abv80.4 tgt-81.2-82-83.5
- Also watch Chambal fert, Voltamp transformer, Jai Corp, Prism cement, LIC Housing.
For all trades, keep trailing your stoploss once the stock starts trading above buying price. Avoid spike buying.
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