Nifty opens July F&O series below 9,500; Sensex down 100 points

The benchmark indices opened lower on Friday tracking negative trend seen in Asian markets following dismal performances of European and US markets. At 9:17 am, the S&P BSE Sensex was trading at 30,739, down 118 points, while the broader Nifty50 was ruling at 9,469, down 34 points. In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices slipped 0.2% and 0.3% , respectively. "A ‘Buy on dips’ market has now turned into a ‘sell on rise’ market and hence, they are repeatedly advised not to remain aggressively long on the market and in fact, try to use intraday rallies to go short on the market. Going forward, 9,545-9,575 would now be seen as immediate hurdles for the index," said Angel Broking in a technical note. Future & Option Trading Tips

Rollovers 

Rollover of Nifty futures came in at 73%,  which was higher as compared to the average rollover of 69% seen in the last three series. Market-wide rollovers came in at 80%, higher than the average rollovers of 75% seen during the comparable period of last three series. Financial Astrology Tips

Govt all set for GST roll out

The stage is all set for the rollout of the major indirect tax reform measure - Goods and Services Tax (GST) - in Parliament's Central Hall on Friday night amid boycott by the Congress, the Trinamool and other opposition parties even as Finance Minister Arun Jaitley urged them to reconsider their decision. The launch will take place at the stroke of midnight after speeches by President Pranab Mukherjee and Prime Minister Narendra Modi in the presence of Vice President Hamid Ansari, MPs, Chief Ministers and state Finance Ministers besides a host of industralists and legal luminaries.Astrology and Numerology Trading Tips