Market View For Week 16-20 June 

 After first 3 bullish days of last week and making consistent new highs, the highest being 7700 markets hinted at a correction. Since then the level of 7700 could not be broken. On Thursday there was an attempt by bulls to push markets higher. This attempt countered with complete one way downside move by bears. They found a trigger in form of Iraq crisis. Markets closed at 7542 near low of the day. 

View: The strong down move of more than 100 points suggest that there can be more down side in markets. Or markets will trade within range for next few days. Expecting a rally in the week to come would be more than optimism.  

Short Term (Few days to a Week) : In short term markets are expected to trade weak and choppy. Support at short term is between 7484 and 7474. Resistance is in range of 7580 and 7606 

Medium Term (Few weeks to a month): In last week we had said that markets may correct in medium term. The current down move may be start of this correction. The high of 7700 can be intermediate top. The strong support emerges in the range of 7430- 7390.             

 Long Term (Few months to Year): Bullish view is maintained. We may experience unprecedented investment opportunities in year/s to come. Every dip is buying opportunity for long term investor. 

Trading View: Short selling in Nifty is advised near resistance of 7600. 

                                                                                                                               

 View on Sectorial Indices:  

Since last 2 weeks we are advising buying in Parma, FMCG and IT. These stocks have given fair returns in last week For the week we maintain bullish view on all these sectors. For a very short term short selling can be done in other indices. But this should be done with strict stoploss. We are bull market and in Bull makrets selling short is always risky. However strict discipline can earn some money on short side. 

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Recommendations of the week: 

ALBK(Sell) - Sell Allahabad Bank near Cmp of 132 for target of 125. Maintain stop loss at 135 

HCLTECH(Buy) - Buy HCLTECH at CMP of 1439 for target of 1485. Maintain stop loss at 1420 

HINDUNILVR(Buy) - Buy near 635 for target of 645. Maintain Stop loss at 623                          

For any clarifications on these recommendations , you may mail us on bonvistaplanners@gmail.com

Market View For Week 10-14 June 

 Expansion (Rally) and contraction (Correction) are normal cycles in healthy market. We have seen rally from 6640 to new high of Friday at 7583. The correction has come to end quicker than our expectations. Our last resistance of 7350 is broken suggesting that markets are in a mood to move higher. Closing above all time high has reset our near targets of Nifty.  

View: Markets are in mood to move higher. Everyone is buying. Next target is 7800. 

Short Term (Few days to a Week) : Market mood is expected to be 'Firing" in very sort term. The next resistance is at 7800. Support is in the range of 7430-7390. 

Medium Term (Few weeks to a month): Markets can not run one way. There has to be corrections. In medium term we should expect to correct. Charts will give us the indications, which we shall inform through this column. 

 Long Term (Few months to Year): Bullish view is maintained. We may experience unprecedented investment opportunities in year/s to come.   

Trading View: Buying in Nifty Future is advised on declines near support  

                                                                                                                               

 View on Sectorial Indices:  

Markets are bullish. All indices are firing. Pharma, FMCG and IT are offering safer buying opportunities. as they are trading near support. At the same time giving indication of making an upward move.  

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Recommendations of the week: 

AUROPHARMA(Buy) - Buy Auropharma near Cmp of 650 for target of 680. Maintain stop loss at 680 

HEXAWARE(Buy) - Buy at CMP of 153 for target of 162. Maintain stop loss at 148 

ICICI Bank(Buy) - Buy near 1486 for target of 1550. Maintain Stop loss at 1460                          

For any clarifications on these recommendations , you may mail us on bonvistaplanners@gmail.com

Market View for week 2-6 June: 

Last week we had said that markets may touch all time high. During first half of the week markets have rallied to 7504 and retraced from there and closed at 7230. Our support at 7200 is still intact on closing basis. Markets are now ready for some sort of correction. 

View: After big rally markets seem to be exhausted. Nifty is trading choppy for last few trading sessions. RBI policy is scheduled on 3rd June. Markets are waiting for policy decisions. Markets are also waiting for important announcement from new governement. 

Short Term (Few days to a Week) : Markets may see a correction and can come down to its next support levels of 7110-7015 and at 6880. Resistance is in the range of 7330-7350 

Medium Term (Few weeks to a month): I maintain bullish view in medium term. People are buying at every decline. Statistics suggest that, after a small correction rally may continue. 

 Long Term (Few months to Year): Bullish view is maintained. We may experience unprecedented investment opportunities in year/s to come.   

Trading View: Buying in Nifty Future is advised on declines near support  

                                                                                                                               

 View on Sectorial Indices:  

In last one week all 3 indices i.e. IT, Pharma and FMCG has found support. Cement is expected to continue its rally on upside. Most stocks from these sectors have started moving up. In coming week we see buying opportunities in these 3 sectors. One may trade in stocks like Ambuja, Biocon, Colpal, Hindunilever, Cipla, Dabur, DivisLab, DrReddy, Glennmark, Grasim, HCLTech, TechM, JubFood, Sunpharma. 

Other indices are in consolidation or correction. Wait patiently for the stocks to come to the support levels. Oil and Gas sector may see sharper correction. 

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Recommendations of the week: 

COLPAL(Buy) - Buy Colgate Palmolive near 1380 for target of 1410. Maintain stop loss at 1365 

HINDPETRO(Sell) - Sell at CMP of 400.65 for target of 390-385. Maintain stop loss at 410 

HCLTech(Buy) - Buy near 1415 for target of 1450. Maintain Stop loss at 1400                          

For any clarifications on these recommendations , you may mail us on bonvistaplanners@gmail.com