The markets rose and did our targets of 15900 and surpassed to 16000 on nifty and 34500 on bank nifty and saw mild reaction and profit booking the previous day and took supports at 15800 and 34000 on nifty and bank nifty respectively
Technically the markets ought to respect the support zones and are likely to move towards 15900 and above again on nifty front and 34500 on bank nifty front in the coming session
However the pivot on the upside to be noted for nifty is 15847 and 34187 for nifty and bank nifty above which the set up is right for up targets , only on violation of 17500 and 33000 on closing basis the view will be negated for a downside
We are bullish on capital , fmcg and finance , stocks like abb , bajaj fin , dabur , hul , godrej cp ,trent will out perform the markets and we advise longs in stock futures and options of same vis abb 2400 ce , dabur 520 ce , hul 2400 ce , godrej cp 860 ce along with longs in stock futures of same
Commodities remains vulnerable and subdued in base metals , energy and bullions
Our Ist julys bank nifty yields 1200 points from 33227 to 34400
Nifty 16000 from 15550
Jackpot Itc 275 ce zooms to 20 from 7.20
Fo muthoot fin does 1075 + from 1001
Bank nifty 33600 ce does 800+ from 215
Nifty 15800 ce does 280+ from 70
