Technical outlook:
Nifty future started the last week on negative note on Monday but it started positive run from Tuesday and continued till last session of the week, which led index to close on positive note on weekly basis. From past few weeks index is trading in a narrow range. On weekly charts it has made a trading range of 10550 to 10870 due to which it is lacking for a clear direction. For a decisive breakout to happen, it has to close above 10870 and on the downside 10550 is a crucial support. on the weekly scale, index formed an inside bar and a Hammer candle but at the same time it is forming lower highs from last three weeks. On the options front, maximum Put OI is placed at 10,600 followed by 10,700 strikes while the maximum Call OI is placed at 10,800 followed by 11,000 strikes. Option bank signifies an immediate trading range in between 10660 to 10835 zones.

For this week, traders can adopt buy on lower level strategy in it and above the level of 10820. It can test the level of Rs. 10950 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10720.

Bank Nifty:
Nifty Bank fut started the last week on negative note on Monday but soon good buying was seen in the index from lower levels due to which, it gave closing on positive note on weekly basis. Bank Nifty has got stuck in the range from 26,065 to 27,059 zones for the last 4 weeks and requires a decisive range breakout to commence the next leg of the rally. Bank Nifty formed a high wave Long Legged Doji candle on the daily scale and finally closed near to 26500 zones. It has to continue to hold above 26500 zones to witness an up move towards 26750 zones. Important support us placed at 26300 and 26000 levels.

For this week, traders can adopt buy on lower level strategy in it and above the level of 26600. It can test the level of Rs. 26900 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 26400.

BHARATFORG:
Overall trend of the Stock is bullish for long term . For short-medium term stock was in some correction phase. Last week stock started on negative note but from lower levels good buying was seen throughout the week. Stock has gave breakout of its upward trend line on daily chart and trading above its major resistance levels of 650. If it manages to trade above this levels than further upside can be seen in it.

For this week, traders can adopt buy on lower level strategy in it and above the level of 650 it can test the level of Rs. 675.50 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 637.80

SUNTV:
Overall trend of the Stock is bullish for long term . For short-medium term stock was in some correction phase . Last week stock started on negative note and it continued its bearish run till last trading of the week where it showed good buying from lower levels. On daily chart it has form a Bullish Engulfing on lower levels and looking positive for coming week. In intraday charts it showed a good positive move.

For this week, traders can adopt buy on lower level strategy in it and above the level of 812 it can test the level of Rs. 848 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 788

BHARATFORG FUTURES:
Overall trend of the Stock is bullish for long term . For short-medium term stock was in some correction phase. Last week stock started on negative note but from lower levels good buying was seen throughout the week. Stock has gave breakout of its upward trend line on daily chart and trading above its major resistance levels of 650. If it manages to trade above this levels than further upside can be seen in it.

For this week, traders can adopt buy on lower level strategy in it and above the level of 651 it can test the level of Rs. 671 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 644.


ARVIND FUTURES:
ARVIND is looking bullish on long term charts. Last week stock started on negative but it showed a good buying from lower levels on other trading sessions of the week. On daily chart stock is about to give breakout of its consolidation phase. On intraday chart stock has showed good positive movement. If it manages to sustain above 400 levels than further buying can be seen in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 401 it can test the level of Rs. 411 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 397
Fundamentals:
Equity benchmark Nifty ended its 2 weeks losing streaks as it closed on positive note last week. All global markets were remained mixed during the last week as most of the Asian markets were under pressure while American and European market showed some strength. In last couple of weeks, Fridays have been the real savior for our markets. Last Friday, it managed to recover from some midweek hiccups and on Friday, there was a decent attempt made to surpass the 10800 mark.
On the Economic front USD/INR again showed its strength as it continued it bullishness whole week . Crude oil price also remained bullish for whole week. Nifty P/E ratio was in the range of 25.76 to 26.62 for the past week

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