AFTER A FEW SLGSH TRADING SESSION UPMOVE START ON LAST FRIDAY & CONTINUE ON MONDAY ALSO. IN QTRLY  MONETARY POLICY EVERYONE EXPECTED 25 BASIS POINT HIKE BUT RBI SURPRISE MARKET ON TUESDAY BY RISING REPO
RATE & REVERSE REPO RATE BY 50 BASIS POINTS & MARKET LOST ITS MOMENTUM. WE ALLREADY FACING HIGH INFLATION  RATE (DUE TO HIGH FUEL PRICE & DUE TO INACTIVE GOVT ROLE). FII SEEMS UNDECIDED ABOUT MARKET THEY REMAIN
NET BUYERS IN SOME SESSION & NET SELLERS IN OTHERS. FII WKLY NET POSITIONAL IN CASH DN 274.33 CR. & DII REMAIN NET BUYERS IN WEEK WITH NET POSITIONAL IN CASH UP 1076.17 CR. 200 DSMA STILL REMAIN RESISTANCE FOR
MARKET. LAST WEEK MARKET BRECK 7 DEMA & 20 DEMA. RSI ALSO GAVE SELLING SIGNAL. MACD ALSO MOVE ON NEGATIVE  DIRECTION. NIFTY TRADING NEAR LOWER LEVEL OF BOLLINGER BAND. IN DAILY CHART NIFTY FORMING A DECENDING TRIANGE.
ON NIFTY WEEKLY CHART ALSO RSI GAVE SELLING SIGNAL WHERE AS MACD REMAIN IN NEGATIVE ZONE. FROM HERE NIFTY  WILL FACE MANY RESISTANCE AROUND 5530-5545-5585-5605. ON LOWER LEVEL NIFTY WILL FIND SUPPORT AROUND
5450-5405-5340-5235.
     NEXT WEEK WILL BE VERY IMPORTANT FOR MARKET. IN US LEGISLATURE AUGUST 2ND IS THE DEADLINE FOR HIKING THE $ 14.3 TRILLION DEBT CEILLIN DEBT DRAW CLOSE. ITS VERY INTERESTING TO SEE WHAT DECISION WILL BE MADE
BY US LEGISLATURE COZ US ALLREADY CROSS ITS DEBT LIMIT. S & P ALLREADY DOWNGRADE US RATING.
             
STOCK TO WATCH :

RELIANCE SUPPORT 820-805-765. RESISTANCE 835-850-865.
SBIN SUPPORT 2305-2270-2170. RESISTANCE 2365-2395-2460.
HDFC SUPPORT 685-679-672. RESISTANCE 693-699-703-713.
TATAMOTORS SUPPORT 945-925-900. RESISTANCE 957-975-1005.