Trading strategy: The market option is trapped in the range of Writers on the day of Weekly expiry. The Nifty is trading near 25500 by climbing about 60 points. Flat business is being done in bank Nifty. At the same time, light shopping is seen in midcap and smallcap. Auto shares are also seen at speed for the second day. The auto index has climbed more than one percent. Hero Moto has become the top gainer of Moto Nifty with a two per cent jump. Maruti, Bajaj Auto and M&M are also bright. At the same time, IT, FMCG, Pharma and Capital Goods are also purchased. However, there is pressure in public sector banks today.
White Goods shares are strongly boom today with the hope of improving demand in the coming quarters. Bosch has become the top gainer of futures with 5 per cent boom. At the same time, Blue Star and Voltas are also seeing a rise of three to four percent.
Meanwhile, Defense Framework has been agreed in India-US. There will be a strategic agreement between the two countries for 10 years. After this news HAL, BEML and Majgaon Dock For example, there has been a purchase in defense shares.
The magic of shares associated with the capital market is again. Today the Capital Market Index has strengthened by about one per cent. Motilal Oswal has run around 6 percent. There BSE, MCX and CDSL There is also shopping. In such a situation, giving his opinion on the market, CNBC-Awaaz managing editor Anuj Singhal said that the market is trying to breakout. The Nifty’s option is an attempt to break out from the Writer’s zone. Both shopping in the fall and selling in the boom have done a good job. IT and auto stocks have led the boom. Select banking shares are putting pressure on.
Market: What next?
Anuj said that once again shopping close to 10 Dema has worked. The big trend of the market above 10 Dema is still fast. Use the fall to buy a monthly call of July. The expiry of this time is on 31, so there is more time. If the Nifty slipped under 10 dema, exit it with the long.
Trading Picks: Reliance Industries can get a level of Rs 1600 soon, SBI also has power – Srikanth Chauhan
Strategy on Nifty
Anuj says that if 25,650 is crossed then there will be a big boom. Shortcovering will come above 25,650. The decline will now come only after slipping below 25,350.
Strategy on bank nifty
Bank NIFT has once again managed to save 56,800. There are resistance at 57,200 and then 57,500.
