For all recommendation must keep in mind markets are not going to be as simple as that of Mar-May one way rally.
Rate Outlook : Though any rate cut is unexpected Rajan may bring surprise 25 bps cut in CRR/Repo Rate
We have recommended buy in Bank NIFTY @15300 lvl for tgt 15550-15680
Option Bet : Bank NIFTY 16000 CE tgt 210-330
NIFTY: 7660 given earlier is a crucial pivot on closing basis. Very short term tgt 8841+ ;bias positive (from where to start will be crucial for real gains)
PNB buy tgt 988-1033-1088
SBI buy tgt 2528-2588-2750
RelCapital accumulate for tgt 680-748-810 in coming days and keep trading few qty in declines
ABIRLANUVO hold for 1800+(Already given on twitter)
Market Outlook for Coming days
We have seen spectacular rally(Feb-June) as was told well in advance and now markets have digested and capitulated well in the last one-two months. Moving forward we are seeing decent opportunity ahead till Diwali 14 at least 1000“tradable” NIFTY points in Aug-Oct timeframe . The major difference this time will be opportunity available in Options and good volatility in commodities too. In the last run-up (feb-june election time) not much was available as “tradable” option opportunity , but this time its good for options too.
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