In India there was consolidation in the range of Nifty 4400-4550 for quit a few days, now it is time for us to take a direction. Corporate results are over and RBI is also done with their policies. Usually an investors mind waits for events to get over to take a call. Looking at the huge long build-ups in Aug future which is trading at 10 points premium to spot clearly says that one need to be in the long side at least for the 1st week of Aug. Snapshot of today's live Nifty future calls : Rs2,000/- profit per lot for today!!!
July 30th, 11:11am - Buy Nifty Future around 4505-4510, SL @ 4485, Tgt#1 4530, Tgt#2 4555, Tgt#3 4570. Nifty 4600 Call Option (Aug) buy reco given @100 now @136, Tgt150+ :JK, HBJ Cap
July 30th, 12:00am - Nifty Future Tgt#1 4530 achieved, book partial profit (Rs1250/lot), look for Tgt#2 4555. Nifty 4600 Call Option (Aug) buy reco given @100 now @145, Tgt150+ :JK
July 30th, 1:02pm - Limited upside for Nifty above 4535-40. Book complete profit(Rs2000/lot) in Nifty Future long position. Book partial profit (Rs2000/lot) in Nifty 4600 Call: JK
Keep watching live market update @ www.stoplosstrade.com [Only for exclusive subscribers of SLT]:-
July 30th: Closing Bell - Nifty has moved up well 1%, still one can expect 1-2% upside tomorrow. After expiry going long will be a right move.
July 30th : Mid Day Call - Mkt did bounced back from day's low, expected it to fall & close flat.
July 30th : Morning Call - Mkt doesn't seems to be moving wild either side, expect a flat closure today, not a good trading day for day traders.
- Team HBJ Capital
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