"BUY NIFTY ABOVE 8650 TGT 8685/8730 SL 8620"
Nifty
consolidated after making a fresh one year high on the back of negative cues
coming in from international markets. However, the 40 point premium on Nifty
futures could indicate the first signs of exuberance creeping into the markets.
The Sensex on Monday wiped off all its gains to settle the day 48 points
lower, while the broader Nifty ended below its key 8650-mark. The headline
indices edged lower amid uncertainties over the passage of the Goods and
Services Tax (GST) Bill, which entered the last mile as the government
circulated the new draft on GST to Rajya Sabha members.