The road ahead for equity indices

U.S. Stock Market

US market remained closed in the previous session on account of Memorial Day. Last Friday, we made our prediction public that next week will be positive and buying in indices and stocks was advised at lower levels. We went long in S&P500 at 2935 and NASDAQ at 9350. While this newsletter is being written, S&P500 is trading at 2994 and NASDAQ is trading at 9550. We asked you to long MCDONALDS, APPLE, NETFLIX, MICROSOFT, AMAZON, NVIDIA, TILRAY, BEYOND MEAT, UCO. Market shall close positive for the day.

Indian Stock Market

Last Friday, Nifty closed at 9027 and Bank Nifty closed at 17299. We asked you to long indices on Friday. Nifty may move up to 9200 or higher in this week. Market is positive for the day.

Last Friday, we asked you to long SBI @ 151, EICHER @ 13900, ICICI @ 300, MARUTI @ 4850, M&M @ 404, RELIANCE INDUSTRIES@ 1446.

BUY AT DIPS:

  • IPCA LAB
  • CEAT
  • ALEMBIC PHARMA
  • AVENUE SUPERMART
  • SHALIMAR PAINTS
  • CADILA HEALTH
  • JUSTDIAL