# As we start a brand-new week, the bullish trading theme revolves only around Nvidia Inc which is now the most valuable company ever with value topping a staggering $4 trillion. Nvidia now trades for more than 30 times the next 12 months’ earnings.

Already the chatter in the street is for $5 trillion!

# Now, the 1 Indian stock that skyrocketed on Nvidia’s bull run in Friday’s trade was: Netweb Technologies (+7.43%). (CMP Rs. 1947)

Netweb Technologies is connected with Nvidia’s supply chain and work with the chipmaker to distribute its products in India. That said, Netweb Technologies is trading at a whopping PE of 93.6.

Fingers crossed.

# Meanwhile, there is uncertainty and big questions across stock markets of the globe are about:

5) Tariffs.Trump has just initiated a 30% tariff on EU and Mexico, starting August 1st.
6) Inflation in the US
7) Likely path on future interest rates in the US
8) Also, the economic growth in the US.

# We believe the uncertainties could be answered with upcoming earnings…

# So, commanding attention will be Q1 Corporate India’s earnings season.

Monday, July 14th : NELCO, RALLIES INDIA, TEJAS NETWORKS, TATA TECHNOLOGIES, HCL TECH

Tuesday, July 15th: JUST DIAL, ICICI PRUDENTIAL LIFE INSURANCE, ICICI LOMBARD GENERAL INSURANCE, HDFC LIFE INSURANCE.

Wednesday, July 16th: ANGEL ONE, LTTS, TECH MAHINDRA,

Thursday, July 17th: CEAT, HERITANGE FOODS, HDFC ASSET MANAGEMENT, LTI MINDTREE, AXIS BANK, POLYCAB, WIPRO

Friday, July 18th: BANDHAN BANK, LT FINANCIAL, JSW STEEL,

# Bottom-Line: Nifty’s bullish constructive stance only above 25670 mark. Until then, caution should be the buzzword. Immediate downside risk at 24901 mark.

# Long Story Short: Keep an eye on the expected interim trade agreement between the US-India, potentially lowering tariff to under 20%.

LotusFunds Super Trader: # Caution shall prevail and is likely to be the preferred theme than usual indicating tariff concerns have eased – But not vanished.

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