YESTERDAY CALL

As I said, nifty closed above the previous close and it did not touch the support level.

MARKET VIEW

As yesterday there was a steep correction today it had a pull back rally. Today too volume was not good. Our prime minister told that GDP growth will be 7% and aiming for 8-9% in future is very positive news for market. I feel the budget effect will be for another day or two. G8 summit to be held in Italy from July 8-10 will be also a news for the market.if I am correct nifty will complete the gap by this week. Let’s see what happens.

MARKET VIEW FOR WEDNESSDAY

Technically, in the price chart, a bearish pattern is formed. I expect market to correct further tomorrow or a day after tomorrow. I suggest selling at every rise.

FREE TIPS FOR INTRADAY

NIFTY

As the budget was not to that much as expected, and also left away the issue of financing the fiscal deficit in a vague manner remains bad news for market. We can sell nifty at every rise. 4116 is a major support; if it breaks, then the fall will be very steep.

SUP: 4165, 4116, 3938, and 3862. RES: 4240,4292.

INVESTMENT CALL

MARICO

As the budget concentrated on increasing demand through rural investment, I feel consumer goods will see a big push. Technically marico was forming a good bottom for long time and today it broke its one year high and closed above 79.10. For long term we can buy this stock at every dip.

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