Outlook for Monday

Day That Ended: Weekend consideration and lack of fresh buying ended the markets with profit booking while BANKS gained with SBIN leading the charge. Fiis and MF turning buyers for month of July and reduction in F&O lot size would be factors to be watched going forward. International markets U.S closed positive and Indian ADRs gained against Indian market sentiment ICICIBANK-VSNL-INFY major gainers gaining more than 3% EURO markets closed positive, Crude .36.
Outlook for Monday: Results season will come to an end from Monday and that would help to decide the movements in markets as Geo-political tension would end as per indication as many govt face internal pressure to end Middle East crisis created by unwanted Israel aggression. And early indication also point to softening of stand would happen in interest rate hike from FED but too early to comment. Now no major negative news market should give a clear direction the coming week. CENTURYTEX above rs.402 would be a big breakout but watch out for results on Monday. VSNL-HEROHONDA-BHARATFORGE-HINDALCO-IVRCL-IPCL-ORCHIDCHEM would be good buy for the coming week.