After the announcement of withdrawal of support by the communists from the government, the markets looked positive. Market participants must have felt that government is free from allied pressure. Due to the nuclear deals, capital goods segment which would gain from the deal advanced. Banking stocks saw good recovery.
FIIs will change their negative attitude as majority in the parliament are in nuke deal`s favor. He says it`s a positive sign and that July will be a buck making month.
SENSEX 13,786`, `F&O Nifty 4,080` and `RIL 2,140` ; if any two levels are crossed, it will boost 5% to 10% jump in market.
BUY NIFTY(spot) SUPPORT 3900-3850 TGT 4043-4113-4177-4230. HOLD THIS POSTION Till MONDAY.
BUY Nifty 4100 CE tgt 4200 Nifty in spot StopLoss 3900 Spot on Closing basis.
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