Market View - 28/8/17 to 1/9/17

A Full week of trading.

Also the expiry week for August 2017 futures & options contract.

Result Season is winding down.

List of this week's results given at the end of the analysis.

Nifty50 still in a range.

This week also,

BUYING can be done above 9930.

SELLING opportunities open up above below 9800.

Directional move up likely only above 10080.

Directional move down likely only below 9680.

Note : Sensex is mirroring Nifty. Sensex can turn positive above 31800 and even more negative below 31390.

Bank Nifty is also still in a range.

This week,

Buy signals above 24400.

Sell signals below 23930.

Directional move up likely only above 25000.

Directional move down likely only below 23750.

Other Sectoral Indices -

POSITIVE -

NEGATIVE -

POSITIVE BUT NO BUY SIGNALS – Energy (Buy on dips only), IT (in a range, neither here nor there!), Metal.

NEGATIVE BUT NO SELL SIGNALS - Auto (short rally possible), Realty (a rally possible), FMCG (short rally possible), Pharma (a very short term correction likely)

Personal Note:

With Infosys confusion hopefully out of the way, and with volatility looking to come down even more, we could see a rally.

But ... markets in range and an expiry week bring with it interesting scenarios!

So, will keep volumes low for the week, and buy/sell only on confirmation of signals!

Discipline, Discipline, Discipline ...

Company	EPS	/  Forecast	Revenue	/  Forecast	Market Cap	Time
Wednesday, August 30, 2017
	Ador Welding Ltd (ADOR)	--	/  --	--	/  --	5.18B
	Apollo Hospitals (APLH)	--	/  4.86	--	/  --	150.70B
Thursday, August 31, 2017
	KCP (KCP)	--	/  --	--	/  --	13.19B
	Rane Holdings Ltd (RANE)	--	/  --	--	/  --	22.60B