Nifty:
The Nifty50 snapped four-day winning streak and closed range bound session on a weak note Friday, forming an indecisive pattern known as 'Doji' on the daily candlestick charts, which also resembles 'Spinning Top' kind of pattern. On the weekly scale, the index formed bullish candle. Hence, selling shall get accelerated if it breaches the 39-day old ascending channel, whose support is placed around 11,532, which is in progress from the lows of 10,550 levels, "A decisive break-down below the said channel shall open up a new target placed around 11,350 levels. Next trading session a close below 11,498 levels shall confirm the short term down trend there by intensifying the selling pressure further which shall eventually lead to the test of 11,340 levels. Resistance levels are placed at 11622 which is all time high for the index.

For this week, traders can adopt sell on higher level strategy in it and below the level of 11541. It can test the level of Rs. 11421 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 11625.

Bank Nifty:
The Nifty Bank index started the last week on positive note on Monday but soon showed profit booking from higher levels as it traded with bearish movement throughout the week, which led index to give closing on sideways note on weekly basis. Going ahead, index has formed some short of double top price pattern on higher levels and if index manages to sustain below the levels of 28000 then it can show some down side movement can test downside levels of 27600-27500. Bank Nifty has crucial resistance of 28386 levels, while 27820 levels remains an important support levels for the Bank Nifty index.
For this week, traders can adopt sell on higher level strategy in it and below the level of 27820. It can test the level of Rs. 27520 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 28010.
Nifty Fundamentals :

With the help from most of the global markets Our Indian Equity benchmarks started the last week on a positive note and continued its bullish run for next couple of days where it made its life time high of 11620.70. However, the sentiment was hit towards the fag end of the week. No breakthrough in the two-day talks between US and Chinese officials, a weakening Indian currency, and profit-booking around the all-time high levels were among the major factors which amplified uncertainty. The Nifty-50 closed 172.05 points higher closing the festival week on positive note. For the week, the Pharma index rose 4%, the Infrastructure index shot up 4%, the Energy index rose 3.6%, the IT index gained 1.2%, the FMCG index was up 0.8%, the Midcap 100 index was up 0.8%, the Media index was up 0.7%, the Auto index was up 0.7%, and the Metal index edged higher 0.6%. On global front all major indices showed good strength and remained positive throughout the week, specially Asian markets were outperformers including Shanghai , Kospi and Hang-Seng. USD/INR gave closing on 69.91 providing some respite to Indian Rupees after setting its all time in last week. Meanwhile, the Indian economy is expected to grow by around 7.5% in 2018 and 2019, Moody's Investors Service has said. The growth is being supported by strong urban and rural demand and improved industrial activity.

HFL:
Overall trend of the Stock is bullish for long term . For short-medium term stock is in some correction phase. Last week stock started on positive note and traded with sideways movement throughout the week. Stock has gave breakout of its major resistance levels on daily chart and trading above this levels . It can show good positive move in coming weeks if it manages to trade above 664 levels.

For this week, traders can adopt buy on lower level strategy in it and above the level of 664 it can test the level of Rs. 684 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 652.

COALINDIA:
Overall trend of the Stock is side-ways for long term . For short-medium term stock is in bullish phase . Last week stock started on positive note and traded with bullish movement throughout the week . On daily chart it has gave breakout of its major trend line. If it manages to trade above 295.50 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 295.50 it can test the level of Rs. 304 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 298.80

Last week, SUNTV Aug Futures started the week on negative note and after that it witnessed downside movement at the end of week. It made a high of 811.25 during the week and closed 770.30 with the overall decline of almost 2% on weekly basis. Technically it’s near the support zone and sustaining below the trend line breakout with the negative RSI. For this week, we can expect downside movement in it.

For this week, traders can adopt sell on higher levels strategy in it and below the level of 765 it can test the level of Rs.751 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 772

Last week, LT Aug Futures started the week with gap up opening and continued given the up side movement for the entire week. It made a high of 1364 during the week and closed at 1342.40 with the overall gain of 7.50% on weekly basis. Technically it’s recovering from the lower levels with the volume breakout and for this week, we can expect further long unwinding in it.

For this week, traders can adopt buy on resistance levels breakout strategy in it and above the level of 1364 it can test the level of Rs. 1384 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1354

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