Market View - 04/9/17 to 8/9/17

A Full week of trading.

First full week of September 2017 futures & options contract.

Result Season is winding down.

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

Nifty50 still remains in a range.

For the week,

BUYING can be done above 9980.

SELLING opportunities open up above below 9930/9800.

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.

For the week,

Buy signals above 24500.

Sell signals below 23930.

Directional move up likely only above 25200.

Directional move down likely only below 23750.

Other Sectoral Indices -

POSITIVE – Energy (buy on dips, for short term), Auto (buy on dips, for short term), Realty (buy on dips), Pharma

NEGATIVE – IT (in a range, neither here nor there!)

POSITIVE BUT NO BUY SIGNALS – Metal.

NEGATIVE BUT NO SELL SIGNALS -  FMCG.

Personal Notes:

If you are probably wondering how sectors go from Buy one week to Sell next week and vice versa! Well ... that’s what happens to a market in a range!!

Short term trades with strict stop loss and fast profit booking works in a range. So that is what I plan to do!

A mild positive bias looks likely for the week.

Volatility can rise in the start of the week but is set to fall eventually!

	Company	EPS	/  Forecast	Revenue	/  Forecast	Market Cap	Time
Thursday, September 7, 2017
	Lanco Infratech (LAIN)	--	/  --	--	/  23.05B	2.65B