Markets Outlook For Monday 01-Aug

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With the beginning of new derivative contract, Nifty is likely to consolidate in coming trading sessions. Nifty may follow the weak to subdued cues from the global markets till Aug- 2nd till the talks are over in US. The short term trend for Nifty is expected to be bearish.

Nifty could find immediate supports at 5,450 - 5415 levels and the resistance at 5,540 -5,575 levels. Nifty is expected to consolidate between 5,400-5,600 levels.

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