After a mixed March quarter, market participants are eyeing a stable June quarter from India Inc, which will start declaring their numbers from this week.
GST hopes from monsoon session: The monsoon session of Parliament is scheduled to start on July 18, but hope of a likely passage of the GST bill has already started building. Any positive development on that front is likely to push the market higher.
Monsoon data: Monsoon rains have covered DELHI, Punjab and Haryana along with western Uttar Pradesh, according to the weather office. The monsoon has covered most parts of northern India close to the normal date of July 1 despite a week's delay in its onset in Kerala.
Better rainfall should help bring down food prices, which have risen sharply. A good monsoon and a low inflation print will strengthen the case for the Reserve Bank of India to slash interest rates further.
>>> Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Price on the 5th wave upmove after getting support form 50DMA. RSI Break out and Candle formation on Friday should be watched.
>>> Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
Price must hold above 8308 to continue upmove.
>>> Bank Nifty Daily Chart <<<
>>> Click the chart to see on full screen <<<
Price need to cross above 18042 - to continue upmove.
>>> Bank Nifty Hourly Chart <<<
>>> Click the chart to see on full screen <<<
RSI break out and followed by Price rally - shall be valid only if price able to cross and hold above 18100 as per hourly chart.
>>> ORIENTBANK - Posted as on 27th June, 2016 <<<
>>> Click the chart to see on full screen <<<
Posted on 27th June - Orient Bank - for a good UPmove.
>>> ORIENTBANK - Profit Booked <<<
>>> Click the chart to see on full screen <<<
Profit Booked @ 108 with Rs.33000/-
>>> Performance for the month end June 2016 <<<
>>> Click the image to see on full screen <<<
for details of our service - send email to niftyforall@yahoo.com or whatsapp @ 9677924975.
