What to Trade Next Week?

Market traded last week as per our expectation, after making a High of 7840 nifty closed around 7790 right above the immediate support level of 7770. Now next week going to be expiry week and we are expecting market to trade within the range of 7700 to 7850. Our next target for nifty would be 7900 which should be achieved in next two weeks.

 

Fresh Trade to Open:

 

Bank of Baroda  CMP 862 for the TGT Price of 910+

 

Close Trades:

 

ITC Call given at 331 CMP at 357. Book your Profits

HDTC Call given at 983 CMP at 1067. Book your Profits

 

Previous Open Trades:

ALLBank call given at 141.75 for the TGT Price of 150-160

What to Trade Next Week?

With an improvement in Macro-Economic Numbers with Inflation coming down to multi-month lows & IIP data showing a good improvement, revival in Monsoon, crude moving down around 107 $ per barrel & acceleration in FII Flows have led the Index to closed in green.

Expect Nifty to find support around 7570 & till this support zone holds, can further move up to 7800.

Fresh Trade to Open:

HDFC  CMP 983 for the TGT Price of 1000+

Open Trades:

ITC CMP 331 for the TGT Price of 360
ALLBank CMP 141.75 for the TGT Price of 150-160

What to Trade?

I am still expecting Nifty to touch 8000 next week. Traders should now trade carefully and only buy good quality stocks.

Trading Calls:

Exit your positions from Tata Motors as last given TGT of 470 is achieved now.


Fresh Trade to Open:

ITC CMP 331 for the TGT Price of 360
ALLBank CMP 141.75 for the TGT Price of 150-160