Weekly stock tipsFree stock recommendationsFree Nse, BSE tipsJuly Second Week
Investors, Mutual fund houses and FII along with DII with the joint rally from bull market expectation the dalal street tasted the furious and glamorous gains for the past one months. And it is the deciding time that came to judge whether the recent historical rally was healthy or stealthy. But bet on the view that we are not going to enter back into 10K levels but might be struggling at 12K levels if budget announcements are eye washing events.
Crucial Support Levels for Global Indices
NASDAQ ended 1796.52 shedding 49.20 points and Dow Jones Industrial Average DJIA finished 8280.74 giving away 223.32 after rallying triple digit two times this weekUS recession is not over in US even though the global recession started to shrug its shoulders. So some bearish movements are expected in this week which will take DJIA to 7800-8000 levels which are the very crucial deciding levels for fundas.
Japan's Nikkie is trading in the very narrow range, so dont bet on this; everyone knows the fact whats happening there.
Bombay Stock Exchange BSE, SENSEX at 14913.05 with a gain 254.56 and National Stock Exchange NSE NIFTY at 4424.25 with a gain of 75.40 showed later strength at the late trading session. Event the heavy weight broking houses are not sure of the direction where the market will go and at what gear either at first gear or at third gear as we saw the neutral gear in the last week. Hold on your heart beats until the budget delivery.
Dont expect more from this budget as it is not intelligent to expect a five year road map from two months. So this budget can figure out the best of 2-3 year road map and dont bet on the long term budget oriented stocks and fool yourself.
Rupee started to show strength for two weeks but finally showed weakness as expected. We were advising the reader not to go bearish in this forex. Now see the candlestick bar pattern and it is trading at 48 levels. Bet it will try and taste 49-50 levels in 1 or 2 weeks. So be focused on IT stocks as they are expected to gain more in this quarter.
MCX Buy sell Tips
Light crude is trading at 66-70 levels. Crude is seeing a range bound journey from its recent ugly low of 35 levels and recent high of 70 levels in teh bull market rally. Chart predicts no momentum in this sector as there is a stake movement in the auto sector.
Natural Gas is trading ata very narrow price due to the cut short in the domestic spendings and hence it is better not to burn fingers by trading this.
This yellow metal is very cunning traded among the traders who expect a breakdown or breakout. Chart shows enormous strength in the chart where there is now gravestone doji to predict a fall in near term
Free Nse, BSE tips
Focusing on the Biggest Budget, the railway budget showed the strength in this sector but as usual the railway budget following stocks like BEML, Titagarh Wagons, Kalindee Rail, went beyond the fundamentals along with the recen rally and showed the weakness after the budget announcements. Get ready to see the off loading in these stocks and sure these stocks will correct by 20-30 percent in near week terms.
Infrastructure growth is the key word that is expected from the budget the upcoming week. But already stocks of this sector like Punjlloyd, Reliance Infrastructure, IRB are quoting at 20-30 percent higher levels. So because of this tension and fear for the past 6 trading sessions there were no momentum found and were trading in red.
Real estate stocks are trading at very higher levels. Also the recent QIP will effect when that percent stocks enter the equity market. Stocks like Unitech, DLF, Puravankara will correct heavily if the market starts to fall after the budget. So sit in cash and see the traders crying out of bear market. No worry for investors as the fundamentals of valued stocks are good and the expected GDP level is also good. Hence wait and watch the magic.