23 Jul 2017 | 8:46 AM
Research Report

Equity Research Report: Market Explorer - July 2015

The progress of monsoon rains is the major trigger at the current juncture as the latest IMD data shows that cumulative rainfall this year has been 13% above average. Strong showing by rains so far has eased food inflation concerns and raised bets that the Reserve Bank of India (RBI) may cut interest rates. The near term major trigger for the market is Q1 June 2015 corporate earnings. The focus will be on guidance from the company managements on outlook for the remaining part of the year and for the next year.
07 Jul 2015 | 02:42 PM

For second consecutive month, Nifty traded volatile in a broader range of roughly five hundred points but managed to end the month marginally in green and   settled at 8398 level.

In line with expectation, it initially upheld negative bias in first two weeks and retested psychological mark of 8000. However, gradual recovery was witnessed in the later half, which helped index to pare that loss and end on positive note.

As countdown has begun for the earning season, it’s  going to be a volatile month for the benchmark index and stocks as well. Having said that, sustainability above 8500 in Nifty would trigger fresh momentum, which may lead index to 8750-8800 ahead. Otherwise, consolidation will continue with major downside support at 8200. Meanwhile, stocks may continue to trade in both directions so keep strict stop losses and hedge your trading positions especially before the results.