Arvind Futures
Last week, ARVIND Aug Futures started the week on positive note and continued the same for the entire week. It made a high of 403.20 during the week and closed at 401.95 with the overall gain of 2.41% on weekly basis. Technically it’s recovering from the lower levels with the positive technical indicators and for this week, we can expect further long unwinding in it.

For this week, traders can adopt buy on lower levels strategy in it and above the level of 406 it can test the level of Rs. 416 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 399.90
Last week, APOLLOTYRE Aug Futures started the week on negative note and after that it witnessed choppy movement for the entire week. It made a high of 270.05 during the week and closed 267.55 with the overall gain of almost 1% on weekly basis. Technically it’s in overall consolidation phase 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 262 it can test the level of Rs.256 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 265.00

Nifty:
Fundamentals:
Despite underperformance from most of the global markets Our Indian Equity benchmarks ended the last week on a positive note as benchmark indices closing with strong gains with bulls controlled the D-Street. The Nifty-50 closed almost 41.25 points higher and ended well above 11,450. Most of the sectors closed in the green, with major gains was seen among, FMCG, Pharma , and It index while banking remained sideways. Midcaps index , too, sawed some strong rally on last trading sessions of the week, rising over 1 percent. On global front only Dow Jones showed some positivity as it closed with 1.41% gain on weekly basis otherwise all other major global index remained on subdued note. USD/INR was remained on higher side as it hits its fresh all time high of 70.4925. Despite weakening of Indian Rupees our Indian equity market reacted differently on the hopes of positive indications from Indian Government and RBI.


Technical outlook:
Nifty:
Index started the last week on gap down note but soon recovered from lower levels and continued its bullish on Tuesday. on Thursday Index showed some correction from higher levels. Friday's session was fully dominated by the bulls and index made a strong comeback post Thursday’s jitters as it signed off the last session of the week with a bullish candle. The index formed bullish candle on the daily candlestick charts as well as weekly scale. It closed half a percent higher for the truncated week. If Index sustain above 11,450 levels it should once again create history with new highs by clearing the recent top of 11,507 levels . Next resistance, on medium term charts for Index is placed around 11,630 levels. On the downsides 11,400 levels looks critical , below which bears can once again dominate in short term .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 11510. It can test the level of Rs. 11630 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 11410.
Bank Nifty:
The Nifty Bank index opened on gap down note on Monday but soon recovered from lower levels and continued its bullish run throughout the week. Friday's session was fully dominated by the bulls as index railed 300 points which led index to give closing on positive note on weekly basis. Going ahead, if index manages to sustain above the levels of 28200 then it can extend its up move further till 28300-28500 levels . Bank Nifty has crucial resistance of 28380 levels a break above which could trigger a fresh breakout, while 27820 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 28210. It can test the level of Rs. 28400 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 28060.

RELCAPITAL:
Overall trend of the Stock is bearish for long term . For short-medium term stock is in some recovery 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 445 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 445 it can test the level of Rs. 462 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 435.

RBL BANK:
Overall trend of the Stock is bullish for long term . For short-medium term stock was in some consolidation phase . Last week stock started on positive note and traded with bullish movement throughout the week . On daily chart it has gave breakout of triangle pattern. if it manages to trade above 584 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 584 it can test the level of Rs. 604 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 572

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