United Breweries, GM Breweries, United Spirits and Globus Spirits will get astrological support, says Satish Gupta of astrostocktips.
On a nation-specific basis, Hong Kong tops the chart with around 52 signals in the past 12 quarters, while India, Korea, Hungary, and Poland were among the few nations that showed no signs of risk.
The other way to look at this approach would be to look at high quality companies and the ones with good track record revenue growth.
The Nifty is trading in a range of 10,700 – 10,900 zones and due to such range bound activities daily Bollinger band has contracted further. Hence, we are likely to see a high volatility in coming trading sessions, says Aditya Agarwal of Way2Wealth Brokers.
At this point in time, he prefers private sector corporate lenders over state run peers.
Traders and investors may once again accumulate blue-chip stocks on dips around dual supports placed around 10,700 and 10,680, says Jaydeb Dey of Stewart & Mackertich Wealth Management Ltd.
Minor Put writing was seen at 10,750 and 10,800 strike while Call writing was seen at 10,800 and 11,000 strikes. Option data suggests a broader trading range in between 10,700 to 10,850 zones.
Midcaps’ recent correction, pick up in earnings growth is likely to catch up and it would be a good idea to selectively add them to your portfolio
According to Rakesh Jhunjhunwala, there is no credible leader in the opposition party to take on PM Modi. I am sure that the next government will be a BJP government despite what people feel, he said.
Vinod Nair of Geojit said the selloff in the mid and smallcap space can provide a value buying opportunity when the market turns around
Jay Thakkar of Anand Rathi Shares expects the market to trade with a negative bias in the July series
According to Satish Gupta of astrostocktips, the tyre stocks i.e,; Apollo Tyre, Ceat, JK Tyre & Balkrishna Industries will get astrological support.
“A breach above 10,780 is a foremost condition for unfolding the next leg of the upmove towards 10,810 and 10,840 levels,” says Jaydeb Dey of Stewart & Mackertich Wealth Management
On the options front, maximum Put OI is placed at 10,700 followed by 10,600 strikes while maximum Call OI is placed at 11,000 followed by 10,800 strikes.
Considering the likely pick up in rural consumption, higher utilisation and recent reforms, we are hopeful that corporate earnings will witness double-digit growth in coming quarters
Kapoor said the basic texture of state-run banks has to change in terms of management and decision making.
According to Satish Gupta of astrostocktips, liquor stocks like United Breweries, GM Breweries, Globus Spirits and Tilaknagar Industries will get astrological support.
His favoured picks in the IT space are Tata Consultancy Services, Infosys and Hexaware Technologies
"If the Nifty falls below the 10,680 mark, it could correct to 10,500 levels on the back of further selling," says Shitij Gandhi of SMC Global Securities
“Successful breakdown of 10,700 may unfold next leg of down move towards 10,670 and 10,650,” says Jaydeb Dey of Stewart & Mackertich Wealth Management Ltd.
A ‘Bearish Belt Hold’ pattern is formed when the opening price becomes the highest point of the trading day (intraday high) and the index declines throughout the trading day making up for the large body.
Gaurav Dua of Sharekhan said given the pain points emerging in Europe and continued uncertainty in Middle East, the probability of ‘Risk Off/Risk Aversion’ kind of scenario has increased considerably in the past few months.
Dipen Sheth, Head-Institutional Research, HDFC Securities, said there is certainly some kind of bottom forming happening in the pharma space.
Strides Shasun, Lupin, Aurobindo Pharma, Cipla and Ajanta Pharma will get astrological support, says Satish Gupta of astrostocktips.
"In Nifty options, maximum open interest for puts is seen at 10,700 followed by 10,600 which is likely to act as crucial support for the market. In calls, 11,000 strike has seen maximum OI," says Ashish Chaturmohta of Sanctum Wealth Management