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Saturday, July 04, 2015
Given the fact that Indian market has notched up smart gains over the past couple of weeks, it is likely to trade rangebound next week, weighed down by outcome of Greece referendum and earning season which will begin from the second week of July.
Greece will effect market in couple of days only. As we have a good rally from 7950. Hence we may have a consolidation period for time being. 8500-8550 level will be provide stiff resistance for market. support for market will be 8410/8320. As our market have good strength it may not go down beyond 8090 levels. As per my view Greece has not direct impact on our economy.