Nifty guru

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