Last week we had intimated about a trending move impending in few days and july to be a trending month , we decided to add some longs on friday with the view that nifty will cross 15800-900 and bank nifty may move towards 34500-900 in the coming week
We have also added bank nifty and nifty options along with ITC call option as we feel fmcg will outperform in next few days
We are also bullish on gold related stocks owing to import duty , overall stocks like dabur , itc , hul , brittania will out perform the markets
Technically any dip will be a buying oppurtunity for the markets in nifty with supports at 15400 and targets 15800-900 and bank nifty with supports at 33200 for targets 34500-900 initially
Buy stocks and options on dips will also fetch good returns
In commodities we are bullish on gold and negative on base metals , silver and energy
Stocks to watch
Buy nifty and bank nifty as said above for targets
Buy nifty 15800 ce 7 july
Buy bank nifty 33600 ce 7 july
Buy dabur , hul
Buy itc 275 ce
Buy gold , sell silver , crude mcx
