Market update:
Sensex continues to trade with a negative bias, falls 44 points on selling in banking shares;
Nifty trades below 8,650
Shriram City Union Finance jumps 8% as Q1 beats estimates
Yen, bond yields rise as Bank of Japan action underwhelms
Tata Power South African joint venture operationalises wind farm
Oil prices fall to new April lows as oversupply bites
FDI inflows jump 53% in last two years: Arun Jaitley
RBI to keep rates unchanged in August 9 policy: ICRA
Bank strike could impact transactions worth Rs 15,000 crore: 10 developments

STOCK UPDATES:

BUY IOC FUT CMP 536 TGT 546 SL 534

BUY ULTRACEMCO FUT CMP 3721-3724 TGT 3800 SL 3695

STOCK UPDATES:

NMDC BUY - 103.20
TGT - 112
SL - 101

JUBALFOOD ABOVE - 1230
TGT - 1260 
SL - 1218

Market Outlook :

-Nifty Futures Trend Deciding level is 8684 (Intraday Traders,
  NF Trend Changer Level  8580 (Positional Traders)

-Nifty High made today was 8675 , so gann number of 8577 again showed its 

 importance as we got the desired move till 8677. Bulls will need to close above 

 8677, gann arc tomorrow as its monthly closing and nifty can make next move 

 till 8800/8951. Bearish only on close below 8490 and bullish on close above 

 8677

-markets close at highest level this year

-holding 8500 will be bullish in AUG
-option writers do not expect 8500 to break next month
-call writing resistance at 9000 (AUG series)

	Nifty Level future
Up ↑	8760	8720	8695
Down ↓	8660	8640	8600

	Action	SL	TGT
Buy above	8680	8645	8750
Sell below	8590	8625	8520

Market update:
Sensex off day's high, trading up 60 points,
Nifty adds 12 points to 8,628
India should continue fiscal consolidation for better prospect: IMF report

Escorts Q1 net up 33.5% at Rs 47 crore

Syndicate Bank’s net profit slumps to Rs 79 crore in Q1 against Rs 302 crore last year; asset quality deteriorates further

STOCK UPDATE:

BUY ASIANPAINT FUT
CMP 1089
TGT 1124
SL 1078

Market Outlook :

-Nifty Futures Trend Deciding level is 8614 (Intraday Traders,
  NF Trend Changer Level  8490 (Positional Traders)

-Nifty High made today was 8665 and low made was 8572, so gann number of 

 8577 again showed its importance as we got the desired move till 8665.  Its 

 always good to go with flow of trend instead of trying to predict the top, and 

 shorting blindly everyday. Bearish only on close below 8490 and bullish on 

 close above 8677.

-today, markets closed flat with some volatility

-AD flat, VIX negative

-option writing support 8500 resistance 8700
-Next series, levels are 8500-9000

	Nifty Level future
Up ↑	8700	8670	8645
Down ↓	8585	8560	8530

	Action	SL	TGT
Buy above	8630	8584	8720
Sell below	8540	8580	8460

NIFTY UPDATE:

BUY NIFTY FUT
CMP 8606.7
TGT 8642

SL 8586

STOCK UPDATE:

SELL TATA STEEL 
FUT BELOW 363-365
SL - 370
TGT 349.50 

BUY LT 
FUT ABOVE 1610-13
SL - 1592
TGT 1645. 

Market Outlook :

-Nifty Futures Trend Deciding level is 8629 (Intraday Traders,
  NF Trend Changer Level  8485 (Positional Traders)

-Nifty High made today was 8645 and low made was 8577, so gann number of 

 8577 again showed its importance. Holding 8577 again another attempt can be 

 made to break 8650 range. Its always good to go with flow of trend instead of 

 trying to predict the top, and shorting blindly everyday. Bearish only on close 

 below 8490 and bullish on close above 8677

-Nifty to follow global cues and is likely to turn volatile as the day progresses.

-Nifty spot if manages to trade and sustain above 8600-8640 levels then it is 

 likely to show some upmove and if Nifty breaks and trade below 8540-8500 

 levels then it is likely to crack further. Please note this is just opening view and 

 should not be considered as the view for the whole day.

	Nifty Level future
Up ↑	8675	8635	8615
Down ↓	8575	8555	8530

	Action	SL	TGT
Buy above	8625	8579	8725
Sell below	8540	8580	8460

NIFTY UPDATE:

BUY NIFTY FUT
CMP 8639.55
SL 8618
TGT 8675

STOCK UPDATES:

BUY  FUT - 223-225
SL - 219
TGT - 242

Market Outlook :

-Nifty Futures Trend Deciding level is 8598 (Intraday Traders,

 NF Trend Changer Level  8475 (Positional Traders)

-The market is eying the future and option expiry this week where the 

 sentiments are still looking much more positive on GST Bill. Last week tug of 

 war has been witnessed by the market but still bulls are more favorable. Some 

 short coverings and roll overs could come into the play later this week. Banks 

 are volatile and range bounded. FIIs are bullish on Indian market and 

 continuous buying is on. India is more stable at current levels.

-On account of problems pertaining to developed markets, emerging markets 

 look favorable from an investing point of view. There are flows going into EMs 

 now and India is a beneficiary of that. Markets world over are in a precarious 

 position right now. Market sentiment indicates expectation of a hike in the 

 interest rate by the US Fed.

-markets breakout from trading range formed over past 8-10 days

-support now stands increased to 8480 ... the lower end of the recent range
-weekly close above 8600 can lead to retest of 9000 levels

-Nifty to trade volatile and is likely to follow global cues.

-Nifty spot if manages to trade and sustain above 8645 level then it is likely to 

 show some upmove and if it breaks and trade below 8580 level then some 

 profit booking can be seen in the market. Please note this is just opening view 

 and should not be considered as the view for the whole day.

	Nifty Level future
Up ↑	8750	8675	8650
Down ↓	8600	8565	8525

	Action	SL	TGT
Buy above	8650	8615	8720
Sell below	8550	8595	8470

Market update:

-Nifty hits 8,600 for first time since August 2015,
Sensex surges nearly 200 points
-Axis Bank falls after missing Q1 profit estimates
-ITC appoints Sanjiv Puri as chief operating officer
-Tata Metaliks falls on profit booking post Q1 earnings
-Oil PSUs Gain On Buzz Of Merger Proposal
-Dr Reddy's Lab slumps 4% ahead of Q1 earnings
-RBI imposes penalty of Rs. 5 crore on Bank of Baroda

POSITIONAL CALLS:

Buy above - 1150
SL - 1103
TGT - 1208,1261

Market Outlook :

-Nifty Futures Trend Deciding level is 8551 (Intraday Traders,

 NF Trend Changer Level  8490 (Positional Traders)

-Nifty Bulls needs close above 8577 and bears below 8434 for next 

 move, Holding 8480/8490 range nifty can see upmove till 8667/8737 as per 

 Deep Crab harmonic pattern.Now Bulls need to close above 8544 on Weekly 

 close basis for a target of 8654/8774. Bears will get active below 8295 only.

-Nifty is likely to turn volatile as the day progresses. Global cues to be eyed.

-Nifty spot if manages to trade and sustain above 8580 level then it is likely to 

 show some upmove and if it breaks and trade below 8490 level then some 

 profit booking is likely to be seen in the market. Please note this is just 

 opening view and should not be considered as the view for the whole day.

	Nifty Level future
Up ↑	8750	8665	8605
Down ↓	8550	8525	8475

	Action	SL	TGT
Buy above	8600	8549	8700
Sell below	8490	8525	8425