GIFT Nifty 🇮🇳: (+43, 25573)
The big trading theme revolves around 2-catalysts:
1) Tariff threats.
2) TCS officially sets afire the ceremonial starters pistol for Q1 earning season on July 10th after market hours. TCS press conference is likely at 5:30 pm
Now, here is next big news making headlines this Thursday…
‘Fed Minutes from the June 17-18 FOMC Meeting Minutes point to lower inflation ahead’
…while the majority of policymakers continued to have concerns regarding the inflationary pressures anticipated from President Donald Trump’s implementation of import taxes aimed at altering global trade,
We will spy with one big eye if inflation shock in the US from tariffs is “temporary or modest.”
Our call of the day suggests Nifty shall swing between small gains and small loss.
The biggest support to watch on Nifty is placed at 25221 mark.
Technically speaking, confirmation of strength is only above the 25670 mark.
The Gyan Mantra: Stay nimble as there could be some “whipsaw” in the near term.
Amongst stock specific action:
1) Reliance Industries fell 1.21% on media reports that its telecom and digital arm, Reliance Jio Platforms, has shelved plans to go public in 2025.
2) Tata Motors is likely to trade sluggish in near term after the company’s global wholesales (including Jaguar Land Rover) declined 9% to 2,99,664 units compared with Q1 FY26. Global wholesale of all Tata Motors’ commercial vehicles and the Tata Daewoo range in Q1 FY26 was at 87,569, lower by 6% over Q1 FY25.
3) JSW Steel slipped 0.44% despite the company recording consolidated steel production of 7.26 million tonnes in Q1 FY26, up 14% as compared with the production volume of 6.35 million tonnes reported in Q1 FY25.
4) Aurionpro Solutions rose 0.93% after the company announced that it has secured a multi-million-dollar contract to deploy its digital banking platform for a leading African bank.
Now, here is the preferred trade on Nifty and Bank Nifty:
Nifty (25476): Buy between 25400-25450 zone. Stop at 25171. Targets 25670/25750. Aggressive targets at 26100-26277.35 zone.
Bank Nifty (57214): Buy between 56900-57100 zone. Stop at 56011. Targets 57450/57700. Aggressive targets at 58300-58500 zone.
Our chart of the day is bullish on BDL, NTPC, and M&M on any early intraday weakness with an interweek perspective.
The 1 Stock to Buy Now: Buy BDL (CMP 1985): Buy at CMP. Stop at 1923. Targets 2007/2023. Aggressive targets at 2097. (Interweek Strategy). Rationale: Massive breakout play on cards. The stock enjoyed strong sessions in yesterday’s session, up 0.79%. Momentum oscilitors in bullish mode. Key interweek support 1937. Major hurdles at 2097.
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