Nifty:
Last Week was a splendid for our markets as Nifty finally manages to hit record highs after undergoing some consolidation for nearly 12 weeks. Nifty maintained its positive posture Throughout the week, and on Friday’s session Index started with a bang at new highs. Nifty after opening higher, it remained on upward path throughout the session, forming robust bullish candle on the daily candlestick chart as well as weekly char to eventually conclude the week with whopping gains of 2.44%. Bulls signed off the week in style on a strong note in uncharted territories. This upswing shall get expanded further towards 11,480-11,541 levels where indices shall encounter resistance on long term charts. On down side 11,210-11,185 will act as a immediate support while 11100 will be assumed as a major support for the Index. 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 11315. It can test the level of Rs. 11465 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 11199.

Bank Nifty:
The Nifty Bank index opened on positive note on Monday but seen some consolidation for next couple of trading sessions. It rallied higher on Thursday to end the July series derivative expiry session on a strong note up more than 1%. In Friday's session Bank Nifty finally surpassed its life time high of 27,652 and made a new life time high of 27,661 levels. It formed a strong Bullish Candle on daily as well as weekly basis. Going ahead, now index is in uncharted territories and if it manages to sustain above the levels of 27500 then it can extend its up move further till 27900-28000 levels while down side 27400-27200 will act as a immediate support for the index.
For this week, traders can adopt buy on lower level strategy in it and above the level of 27665. It can test the level of Rs. 27965 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 27465.
UPL:
Overall trend of the Stock is bullish for long term . For short-medium term stock is in bearish phase. Last week stock started on positive note and traded with sideways movement throughout the week. Stock is taking recovery from lower levels on daily chart . It can show good positive move in coming weeks if it manages to trade above 645 levels. On intraday chart it has showed a good buying from lower levels.
For this week, traders can adopt buy on lower level strategy in it and above the level of 647.30 it can test the level of Rs. 667.30 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 635.30

GODREJIND:
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 positive note and traded with positive movement throughout the week . On daily chart it has gave breakout of its major resistance level of 635 and trading above this levels. It has also gave breakout of its down word trend line. 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 649 it can test the level of Rs. 669 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 637


Nifty:
Fundamentals:
In the week ended July 27 Indian market climbed to record high. Equity benchmarks ended July series derivative expiry on a cheerful note as the Nifty closed at 11306.70 after making new record highs of 11312.85. Equity markets discounted, news of likely negotiations in trade war helps sentiment. All the Global indices also out performed in the last week as most of the indices rallied more then 1.5% on weekly basis. Good earnings figures from most of the leading stocks of index also supported it to make its life time highs. ACC and Ambuja results provided respite to cement stocks , Metal stocks bounce back on easing trade tensions and better JSW Steel results. RBI likely to maintain status quo on rates, would monitor monsoon, fiscal discipline and oil prices before taking firm call on rates

RELIANCE August Futures is in overall bullish trend & from last 1 week, sustaining above the major psychological level of 1100. Last week; it started the movement on the negative note but till the end of the week, all its earlier losses were erased and it closed at 1136.20 with the overall gain of 0.5% on weekly basis. Technical it witnessed almost 16.00% upside movement in last 3 weeks and we can expect further upside movement in it due to positive RSI and 200 Days SMA support.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1150.00 it can test the level of Rs. 1180 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1141.00
Last week, IDEA August Futures started the week on positive note and continued the same for the entire week. It made a high of 61.30 during the week and closed at 56.70 with the overall gain of 10.74% on weekly basis. Technically its recovering from the lower levels with the positive RSI and for this week, we can expect upside movement in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 59.35 it can test the level of Rs. 62.35 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 58.20
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