NIITTECH Aug Futures started the week the week on positive note and after that witnessed range bound movement for the entire week. It made a high of 1316.05 during the week and closed at 1280.20 with the overall loss of 0.87% on weekly basis. Technically NIITTECH is in overall bullish trend and it witnessed almost 20% gain in last 3 weeks and currently consolidating near to the major psychological level of 1300.

For this week, traders can adopt buy on lower levels strategy in it and above the level of 1301 it can test the level of Rs. 1341 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1291
Last week, TITAN Aug Futures started the week on negative note and after that it witnessed choppy movement for the remaining part of the week. It made a high of 941.20 during the week and closed at near to the previous week’s closing. Technically TITAN is in bullish trend and consolidating on higher levels with the positive technical indicators. For this week, we can expect further upside movement in it.

For this week, traders can adopt buy on lower levels strategy in it and above the level of 928 it can test the level of Rs. 938 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 918
Overall trend of the Stock is bullish for long term . For short-medium term stock is in correction phase. Last week stock started on negative note and traded with sideways movement throughout the week. Stock is showing good buying from lower levels on daily chart . It can show good positive move in coming weeks if it manages to trade above 1431 levels. On intraday chart it has showed a good move.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1431 it can test the level of Rs. 1479 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1403.

DHFL:
Overall trend of the Stock is bullish for long term . For short-medium term stock is in some consolidation phase . Last week stock started on negative note and traded with bearish movement throughout the week . On daily chart it is showing good consolidation on higher levels. if it manages to trade above 624 levels than good up side move can seen in it. in intraday it showed a good positive move.

For this week, traders can adopt buy on lower level strategy in it and above the level of 624 it can test the level of Rs. 642 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 612


Bank Nifty:
The Nifty Bank index opened on positive note on Monday and traded with positive movement till the last session of the week and made its new life time highs 28377.90. On Friday's trading session it showed a profit booking from higher levels. on weekly basis bank nifty give closing on positive note. Going ahead, if index manages to sustain above the levels of 28000 then it can extend its up move further till 28300-28500 levels . Bank Nifty has crucial resistance of 28,300 levels a break above which could trigger a fresh breakout, while 27,650 levels remains an important support levels for the Bank Nifty index.
For this week, traders can adopt buy on lower level strategy in it and above the level of 28000. It can test the level of Rs. 28190 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 27890.

Technical outlook:
Nifty:
Index started the last week on positive note and continued its bullish run till end of the week , where Index seen some correction from higher levels. Friday's session was fully dominated by the bears and index showed some sharp fall from higher levels, Still index managed to gave closing on positive note on weekly basis. On daily charts if it manages to trade above the levels of 11425 than further upside move can be seen in it. Major resistance are placed at 11450-11500 while down side support is placed at 11317-11234 levels. On option front, maximum Put open interest was seen at 11,000 strike while maximum Call OI was at 11,500.

For this week, traders can adopt buy on lower level strategy in it and above the level of 11425. It can test the level of Rs. 11550 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 11319.


Fundamentals:

Trading for the week kick-started with an upside gap as the set up on the domestic as well as global front was quite conducive for our markets. During the remaining part, index consolidated by maintaining its positive posture. In fact, there was one attempt made to clock fresh record highs at new milestone; but index came off a bit from the kissing distance of 11500 to conclude the week well above the 11400 mark. Generally, every rally has its own characteristics and we tend to see some different drivers. The only common factor that must participate apart from other sectors is the ‘banking’. This time too banking index proved its significance; but within this basket, the major contributors this time have been different. Some laggards like ICICI, Axis and SBI took the complete burden on their shoulders and before anyone could realize, have managed to clock handsome gains over the past couple of weeks. When banking contributes heavily, it not only acts like an impetus but also provides credence to the move. Hence, we still believe that further legs to this rally are likely to unfold as we move forward. Yes, after seeing a relentless move, we may see some profit taking in between; but eventually these pauses are likely to get bought into

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