1.

MTECHTIPS:-Market Snapshot:&Options Analysis: Nifty futures witnessed a choppy session on the last day of July's first week with momentum lost in the half of trading session which was gained in the previous trading session. Nifty maintained the consolidation mode for the week and traded in the tight range of around 5260-5335 levels. Nifty future saw decrease in OI by 1.23% with a marginal fall in price by 0.32%. Market witnessed marginal buying interest in FMCG and Banking sector stocks while selling pressure was seen in Realty, Metal, CD, CG, Power, IT, Tech and Auto sector stocks. Nifty future closed at premium of 10 points as compared to previous trading day's premium of 17 points. If Nifty sustains 53305350 zone then rally may continue towards 5400 levels. Whereas on downside if it sustains below 5300 then selling pressure may get intensified towards 5250 levels.On the Options front, maximum Call OI is seen at 5400 strike followed by 5500 strike whereas maximum Put OI is at 5000 followed by 5200 strike price. The Put Call Ratio based on Open Interest of Nifty moved down from 1.22 to 1.21 levels. HV of Nifty moved down from 20.74 to 20.17 levels and IVs also moved down from 17.55 to 16.98 levels. The market turnover increased by 13% in terms of number of contracts traded vis--vis previous trading day whereas in terms of rupees increased by 13%.
2. MTECHTIPS:-Technical Snapshot: The Nifty futures gave a negative opening taking cues from the weak global markets. Markets failed to capitalize on the momentum and snapped yet another range bound session on a flat note. The last trading session of Julys first week was characterized of choppiness as the key indices gyrated in a tight range through the day. Investors lacked to conviction to open fresh positions amid a lot of uncertainties surrounding the domestic as well as global markets.The key gauges displayed listless performance through the day as the aimless benchmarks appeared exhausted and showed only sideways kind of movement in a tight band, lacking any significant upside triggers. cues from the money market remained pessimistic as Indian rupee extended its depreciating run for the third consecutive session and drifted closer to the 55 levels against the US dollar. But markets downside too was limited after a major global investment bank downplayed the possibility of Indias sovereign rating downgrade to the junk status given the recent revival in sentiment. On the sectoral space, the high beta Realty sector sank by over a percent and remained the top laggard in the space followed by the Metal pocket, which too plummeted over a percent and restricted the markets from moving in to the green territory. On the other hand, the defensive FMCG counter along with the rate sensitive Bankex index remained the only indices, which kept their heads above the water and supported the benchmark indices.

3.MTECHTIPS:-NIFTY
Nifty gave a negative opening and witnessed a sideways trading session with choppy trades, some buying was seen in afternoon session. And the indices closed the day with small losses, as the index continued to consolidate at these levels.Nifty has failed to cross and close the gap down levels caused on 3rd and 4th of April, 2012 which in itself is not a good sign. Mondays

have usually been negative for the past 6 months, which should not be overlooked by any means. Today it is important for the Nifty to close the gap down levels and sustain above those levels on a closing basis, the levels being 5344-5350.If the Nifty successfully crosses and holds 5350 then a rally would be seen towards 5400 - 5426 & above. On the other hand, if Nifty fails to hold 5290 levels, then we may see the index dwindle down towards 5220 and 5180 levels too.

4.MTECHTIPS:-SENSEX The SENSEX gave a negative opening in early trade on Friday, and the index traded in a very small range in a choppy session, and the index closed with small gains from yesterdays closing levels. The index has managed to hold on to the gains but failed to sustain intraday gains.Sensex has closed lower, within the rising wedge formation, which is a sign of weakness. Sensex has to cross 17672 levels above which we could witness levels like 17880 -18000.Sensex has also been trading within a tight range in the last week or so. If Sensex fails to cross 17672 levels on a closing basis then a down move towards 17400-17300 could also be witnessed. It is important for Sensex to cling onto the 17550 levels if any rally from here has to happen.
5.MTECHTIPS:-BANK NIFTY The Bank nifty witnessed another positive trading session in yesterdays trade. Banking stocks managed to continue the recent rally and traded with strong gains to close around days highs. The Bank index in yesterdays session managed to give a strong close well above the crucial levels, indicating buyer interest in banking stocks at current levels. The recent up move has given a confirmation of upside breakout, the next upside target levels to be watched is around 10800-10980 levels. If the Index manages to hold strongly above 10400 levels in coming session, we may gradually move up wards to test 10800-11000 levels. On the other hand any dip below these levels of 10400 will re-test 10200 and lower levels. The outlook remains positive for the week.

MTECHTIPS:-CNX IT
The Technology index witnessed a session of profit taking as the index slipped on selling seen in the technology stocks. The levels of 6050 will now act as strong support for the index on weekly basis, holding above will be a positive sign. The CNXIT will continue to have strong support at lower levels around 6000 holding above will help the index in bouncing back from lows. But any decline in the index will test the supports of 5900. The index is trading in a small range around the 200 DMA of 6100, sustained move above these levels will be a positive signal for the index in coming sessions. And if current levels are maintained, we may soon witness testing of 6400 levels in coming days.