NAMN FINANCIAL ADVISORY - MARKET OUTLOOK - 20th JULY 2017
View on Nifty 🔎
- On the Technical front, Nifty has recovered back to 9900 level & formed a big size bullish candle with gap up opening seems like it has negated its previous drag down move of 100 odd points which was majorly due to ITC & Reliance- On the Options front, significant addition in Put writing at 9700 to 10000 all strike prices with maximum open interest at 9800 level and major call unwinding at 10000 & 9900 level supporting the up-move in market
- Moreover, Impressive quarterly release session Good monsoon expectations, FIIs buying in the market & Positive global cues acting as a booster for bullish sentiments in the market. Nifty likely to gyrate between 9800 to 10000 till July expiry
View on USD/INR 🔎
- USD/INR continue to be range bound within 64.00 - 64.70 levels in the near termSectors with Positive Outlook 🔎
- Banks & Pharma- Metals
Stocks with positive outlook 🔎
- Sunpharma, Dr. Reddys- PNB Bank
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