Some tepid move above 50 DMA is seen. Nifty
is consolidating in a range. Bulls have been guarding 10600 Puts strike and increasing position at 10700 Puts strike. Bears are looking weak at 11000 Calls. It is possible that a breakout at 11000 will happen in near future. On 14.5.18 Nifty
touched 10920. So this level may be watched carefully. Q1 results will start rolling out this week with TCS
(and Indusind) declaring on 10th July. Impact
of Trade war between US and China is now factored in, it seems.