nifty has never given a single negative monthly close in last 22 years and hence it seems 2017 july also gonna close on a healthy positive note.
also our nifty outlook posted earlier
nifty is near psychological barrier of 10k
Now going forward-
The weekly price action formed a candle with a long lower shadow indicating supportive efforts after intra week decline, which was mainly triggered by fall in ITC .
on if 9930 is broken we can see fast move towards 10000/10044.
also channel resistance at 10040 level
buy above 9930 for 10040 ( expecting expiry on positive note)
or buy on dip with sl of 9825 for 10040
trade valid till july expiry
* any negative weekly close suggest a correction for coming weeks.