Market Outlook July(Budget Spl)

Index Outlook

NIFTY buy range above 7660 tgt 8100-8400

There are two scenarios :

1.Pre-budget spike till 7900+ – in that case better exit ur holdings and take rest for till Aug

2.Post –budget secular rally : NIFTY holding 7660 by the time of budget and trading in range 7660-7850 will give further secular rally uptill 8100-8400 levels with stocks performing .

Stocks

CANARA Bank (424-430) buy tgt 488-522-580

JPASSOCIAT (66-68) buy tgt 84-105

UNITECH (28-29) buy tgt 38-44-48

RELCAPITAL (600-610) buy tgt 680-748-810

 

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