Market View - 24/7/17 to 28/7/17

Again a Full week of trading .. and .. monthly f&o expiry also.
Result Season continues.
Here is the Link to view Quarterly results to be declared this week  - https://in.investing.com/economic-calendar/


Nifty50 is still in a well defined uptrend.

This week,
BUYING opportunities open up again above 9930 .. 10050 can b acheived.
Nothing negative till 9790 holds.


Note : Sensex is also showing signals similar to Nifty. Positive above 32150.



Bank Nifty is back in uptrend.

This week,
buy signals will open above 24300.
Nothing negative till 23900 holds.



Other Sectoral Indices -

POSITIVE - Auto(short term), Energy(short term), Metal.

NEGATIVE -

POSITIVE BUT NO BUY SIGNALS - IT(buy on dips), Pharma(short rally possible),                 Realty(short rally possible).

NEGATIVE BUT NO SELL SIGNALS - FMCG



Personal Note:
Not even one sector index we track is an outright sell!!
The soft signal on the Nifty is again a breakout on the upside!
Volatility index looks set to fall again. Normally a rally follows when volatility falls! Will this time be the same?