Nifty Performance: It was outperformance for nifty for the course of week, breakdown in investor’s sentiment and a gap of Nifty had been filled by the last week of June 2016. We can see a good uptrend on daily frame of Nifty with a rough move 300 in upside had been covered after the BRexit. And we ended up positive in domestic market.

For the course of day we found break in the Resistance falling at handle of 8310, for today and for week it was the buyer’s market. A new range on the upside had been opened today and we found Nifty footprints at the high of 8 months this had given a new confidence into the investors as well to FIIs and DII. Now it’s the time that we can edge for 8500 grip.

Putting an eye on Bank Nifty, a Gap Up opening was seen on chart by a positive up trend with a good volume. This was a consistence volume which is a good sign for banking stocks, The seventh pay 3GST would come in the mid monsoon, around 18th July to give a short relieve.



Talking about the quarter the manufacturing activity of India edged up to three months high by the strong demand, an improvement sign was mark in the overseas market by the rise in new foreign order

Coming on the globe we have fig for Purchasing Manager Index from USD at 7:30pm which was 51.3 last time but for today we expect it to be little lower than the previous as we are expecting little contraction into the industries.
Nifty Day Performance
Open 8310
High 8378
Low 8310
Close 8354
Top Gainers
ONGC 225
BHEL 132
LARSEN 1542
DR REDDYS 3484
Top Losers
TCS 2500
KOTAK MAH 753
ADANI PORTS 204
COAL INDIA 301

Top 5 Stocks for the week

ONGC 229

BHEL 131

LT 1543

FRREDDY 3482

ITC 252