Jumping Stocks with Best Stocks to Buy Now: 19 Jul

Nifty is undertaking the consolidation and is trading with in a range of 200 points of 5500-5700 range and thus Nifty has to break in either direction to give a confirmed trend direction. The market is up till the time level of Nifty 5540-5500 is held as level of 5500 is a great psychological support for the market. If Nifty sustains above 5600 on closing basis than bulls will have an upper hand and same is also corroborated by the derivative analysis. Negative bias remains prevalent in the market by virtue of negative divergence on the MACD. However not to worry as short term trend is on the upside till the time the level of 5500 is maintained on closing basis. Thus make use of the opportunity and trade in stock specific opportunities by trading in daily hot stocks and make money like professionals. The market breadth on the BSE remained slightly positive, with gainers outpacing decliners by 1546 to 1322 shares. As a free advice during high inflationary environment the best stocks to buy are FMCG sector stocks and we had given this tip for ITC and HLL a number of months back and since than it has scaled new heights.

Derivatives Analysis

A tug of war is prevalent among the bulls and bears with level of 5600 becoming a major resistance. The bears are adding significant short positions in the 5,600-strike call options and bulls have also increased OI positions in the 5,600-strike put options. Thus a strong consolidation is seen around this level before breaking out of the trading channel.

Reserve Bank of India Likely Credit Hike

An interest rate hike of about 50 bps is likely in the July policy, which could be the last in the current year. The banks are ready for the same and we may see final effort at the taming of the inflation monster by RBI.

Global Financial Markets Update

(a) European leaders are expected to hold a special summit on Thursday to discuss over a new aid package for Greece.

(b) The U.S. is projected to surpass the $14.3 trillion debt limit on August 2nd and could be forced to default if the ceiling is not raised by then. In order for both houses of Congress to pass a bill by the deadline, the framework of an agreement will likely need to be hammered out within the next few days.

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Support and Resistances for the Day

Indices	Support	Resistance
Nifty	5540-5488	5618-5700
Sensex	18465-18223	18730

Jackpot Tip Profit

Stock	Profit (Rs)
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Share	Gains (Rs)
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NSE Nifty 50 Stocks	Made Money (Rs)
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Strong future shares at National stock exchange

Recltd, Apil, PFC, TTML, Hotel Leela, IRB, Bata India, MRF, Godrej Ind & CESC.

Weak future stocks  at NSE

GTL Infra, TV-18, LITL, Escorts, Zeel, OnMobile, Orchid Chem, KS Oils, S Kumars & Infosys.

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