Indian Market Outlook:
Nifty ended the July F&O expiry on a strong note closing above 8660. July has seen the comeback of FII who have bought over Rs. 12000 crores worth of stocks in the cash market. The consensus amongst all political parties regarding GST is a strong indication that the bill might see the light of the day in Rajya Sabha next week. Nifty can see a sharp upside movement if it is able to sustain above 8650 and possible upsides targets could be 8800-8850 in the event of GST being cleared. The support of Nifty remains at 8565. Another major event to watch out for the day is the Bank of Japan Policy decision where investors would keenly watch for any sign of further stimulus.
The Top 5 gainers are Asian Paint, Infratel, Maruti, Eicher Motor and Bosch.
Nifty August Futures is expected to open flat at 8693 as per SGX Nifty at 8:00 am IST.
International Market Outlook:
International Markets were mildly positive with German Dax being an out performer breaking Brexit high of 10340 and was trading near that levels .US markets are still trading in a range with S&P Futures trading in 2172-2150 band over the past few weeks. Crude oil prices are a big concern for the bulls as they at three months low, currently trading at 41.2 down 10 dollars from recent high.
Asian markets are trading flat today morning as they await the Bank of Japan's Policy decision. Nikkei is trading at 16411, 0.4% down from yesterday's close.
Help from: Dynamic Levels
Nifty ended the July F&O expiry on a strong note closing above 8660. July has seen the comeback of FII who have bought over Rs. 12000 crores worth of stocks in the cash market. The consensus amongst all political parties regarding GST is a strong indication that the bill might see the light of the day in Rajya Sabha next week. Nifty can see a sharp upside movement if it is able to sustain above 8650 and possible upsides targets could be 8800-8850 in the event of GST being cleared. The support of Nifty remains at 8565. Another major event to watch out for the day is the Bank of Japan Policy decision where investors would keenly watch for any sign of further stimulus.
The Top 5 gainers are Asian Paint, Infratel, Maruti, Eicher Motor and Bosch.
Nifty August Futures is expected to open flat at 8693 as per SGX Nifty at 8:00 am IST.
International Market Outlook:
International Markets were mildly positive with German Dax being an out performer breaking Brexit high of 10340 and was trading near that levels .US markets are still trading in a range with S&P Futures trading in 2172-2150 band over the past few weeks. Crude oil prices are a big concern for the bulls as they at three months low, currently trading at 41.2 down 10 dollars from recent high.
Asian markets are trading flat today morning as they await the Bank of Japan's Policy decision. Nikkei is trading at 16411, 0.4% down from yesterday's close.
Help from: Dynamic Levels
Nifty Closes Above 8650 as GST seems a Reality
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