August Series

Technical experts are of the view that the index is stuck in a range of 400-500 points, where 15,900-16,000 are acting as a stiff resistance and 15,450-15,500 as the crucial support. If a breakout takes place in the northward direction, we may not see any bigger move. If it is downwards, brace yourself for tougher times, the say.

Futures & Options rollover data suggests Nifty could hit a fresh high in August series

The index has to hold above 15,750 to witness an up move towards 15,962 and then towards 16,200, while on the downside, key support levels are 15,600 and 15,500, said Chandan Taparia of Motilal Oswal Financial Services

DAILY VOICE: Nifty to trade with mild weakness in August series; rally in IT stocks may pause

The rally in the IT stocks may take a pause, however, the pharma index has just closed above the 61.8% Fibonacci retracement level of the previous major decline indicating room for an extended rally on cards.

FM's PSB mega merger announcement may take Nifty50 towards 11,200

Lower rollovers were witnessed in the September series indicating that weak hands are out from the market, says Umesh Mehta, Head of Research, SAMCO Securities

Top 10 stocks which saw rollover of short positions to September series

The rollover in Nifty for September series stood at 68.76 percent, which was below its quarterly average of 75.34 percent.

Nifty begins August series on flat note; Eicher Motors spikes 6%

Axis Bank, L&T, Tata Steel, Adani Ports, Coal India, Eicher Motors, Bosch, Tata Power and Tata Steel were early gainers while BHEL, ICICI Bank, Bharti Airtel, NTPC, SBI, Bharti Infratel and ACC were losers.

Nifty ends July series at 52-week closing high, Sensex up 184pts

Equity benchmarks extended rally in late trade with the Nifty ending at fresh 52-week closing high on Thursday, the last day of July series.

Nifty surges 2% on F&O expiry, cracks 5.6% in August series

Experts are not sure that the market has bottomed out after around 1600 points fall on the Sensex in previous three consecutive sessions. According to them, global factors (especially China-led) may play key role in near term, though India's fundamentals remain strong.

Nifty Aug futures may face hurdle at 8640-8660: Ajay Jain

According to Ajay Jain, CEO at asromoneyguru.com, profit booking is expected at higher levels and Nifty August future series may face strong hurdle around 8640-8660.

Nifty holds 8450 in Aug series, Sensex firm; Reliance weak

Dr Reddy's Labs, Hero Motocrop, Coal India, Vedanta and M&M are top gainers in the Sensex. Among the losers are Reliance, L&T and Sun Pharma.

See rangebound Aug series with -ve bias early on: Angel

Speaking about his outlook for the August series, derivates analyst Siddharth Bhamre of Angel Broking says he expects markets to be rangebound: a slight negative bias early on followed by bounceback.

Bullish on consumer discretionary, Yes Bank: Anand Tandon

The August series is sandwitched between stocks that have shown tremendous promise and frontline names that have underformed, making it difficult to judge what's going to come, says Independent market analysts Anand Tandon.

Mkt to capitulate; Aug series may end near 5200: PhillipCap

Movement seen in India‘ volatility index (VIX) is symptomatic of market nervousness and one can look at bottom formation for the Nifty around 4850-4900, says Vineet Bhatnagar, MD, PhillipCapital.

Banks in for short covering; book profit in IT: HSBC Invest

One can expect some bounce back at 5200 level, says Karun Mutha of HSBC Invest Direct.

Nifty to hover in 5600-5900 in Aug series: Investworks.in

With EMs trading at around 10 times P/E compared to developed markets at around 14 times, the downside seems to be protected especially in equities. Hence, in August series, 5,600 on the lower side and 5,900 on the higher side could be a broad range to look at

See Nifty in 5900-6100 range; CRR, repo hike ruled out now

It will be seen today how the August series starts and important earnings will be eyed today says CNBC-TV18‘s Udayan Mukherjee.

6100 key hurdle for Nifty; July series may end well

The July series might end with 400-points gains but could also end with 150 basis points jump in bond yields. However, 6,100 still seems like a bit of a mountain to climb as we enter August, said Udayan Mukherjee.

Don't see Nifty breaking 5200 in Sept: Aditya Birla Money

The sentiment in the market now is of caution since market participants have trimmed down lot of their position in futures markets, Hemant Thukral of Aditya Birla Money told CNBC-TV18.

Nifty to end August series in 5380-5420 range: HDFC Sec

Nifty breached crucial 5,400 levels surprising all, but VK Sharma of HDFC Securities says it won‘t be able to move beyond 5,450 in the current series.

Don't see Nifty go beyond 5,480 in series: Hemant Thukral

Hemant Thukral of Aditya Birla Money does not expect the Nifty to go beyond 5,470-5,480 in the August series.

Tulsian lays wager on auto biz, Thermax & govt action

Market analyst SP Tulsian, of sptulsian.com, explains to CNBC-TV18, in his analysis of the day‘s stocks,that automobile stocks look the most attractive. Tulsian is also positive on Thermax thanks to the advance tax payment made by the company and adds that it is a quality stock for any portfolio.

Go long on August series; avoid FMCG counter: Jai Bala

Jai Bala, chief market technician at Cashthechaos.com, says that the European, Italian and Spanish markets have implemented short selling band, again repeated exactly at the same time in 2011.

Unlike RBI, Fed will play to market expectations

"After a month of being beaten down, the upcoming Jackson Hole meeting scheduled for Friday holds the key to the direction global equities will take here on," says Udayan Mukherjee, managing editor, CNBC-TV18