I had predicted a Strong bounce in latter half of June as there is nothing wrong with our fundamentals and we have to learn to live with 'bad news' from global arena which paradoxically, should provide good dips for 'brave investors' to enter the market.
I had given 'strong buy calls' on JP Associates at 117/-, HDIL at 226/-, RNRL at 52/- and India Infoline at 91/- in last series and they all have given 10-15% returns since then. In fact, only brave investors log gains who buy into panic.
As for July Series, expect Nifty to see alternate bouts of 'buying and selling' but trend should be up for at least next one week. 5200 provides good 'entry point' if Nifty dips to 5200 anytime in next one week while 5400 provide 'strong resistance' on upside.
In mid-july, expect Nifty to peak-out around 5450-5500 levels as 'short positions' get built up in anticipation of 'rate hikes' in RBI Credit Policy in end July and any hiccups on global front may bring that fall earlier.
Expect Nifty to trade between 5100-5500 in July Series with reality and banking being weak spots.
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