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Karvy Stock Broking: The US markets have ended on a positive note; while the Asian indices were also trading with a positive bias. Hence, Nifty is expected to open on a positive note.
Trade long in Nifty above 5,550 levels, else from 5,530 levels with stop loss at 5,500 for targets of 5,580 and 5,600 levels. Alternatively, trade short in Nifty if it fails to breach past 5,600 levels with stop loss at 5,620 targeting lower support.
SMC : The market is likely to open flat with positive bias taking cues from the firm global market. Asian market, Japanese market in particular, rose on expectations that Greece may be allowed to roll over some of its bonds, helping to cushion Europe from a banking crisis that could destabilise one of Asia’s biggest export markets.
As per provisional figures, foreign institutional investors (FIIs) bought shares worth a net Rs 1,447 crore on Monday, June 27. Domestic institutional investors sold shares worth Rs 766.38 crore on that day.
Angel Broking : The trend deciding level for the day is 18,346/5,405 levels. If Nifty trades above this level during the first half-an-hour of trade, then we may witness a further rally up to 18,560-18,708/5,375-5,523 levels. However, if Nifty trades below 18,346/5,405 levels for the first half-an-hour of trade then it may correct up to 18,199-17,985/5,256-5,286 levels.
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