Overall volumes in futures & options currently stand at 1,43,24,430 contracts with a turnover of Rs.10,46,886.87 crore.

It would be interesting to see whether or not bulls manage to hold on to the budget session low of (11,798). If they manage to hold above this level, the pullback options would remain open towards the levels of 11,880-11,940. However, failure to hold the support level of 11,798 would result in a prolonged correction towards the next important support level of 11,726, which is 50-DMA. Stocks in news: India Grid Trust, PNB Housing, PNB, Indian Hume Pipe, JSW Energy, Zuari Agro Chemicals, Yes Bank, Quick Heal Technologies, Tata Power, JSW Steel, Maruti Suzuki.

The global markets are trading in the negative terrain and the SGX Nifty is indicating a soft opening at 11,772, a mark down by 45 points.

Jamna Auto Industries Ltd. (JAI) is a manufacturer of auto suspension products such as parabolic/tapered leaf spring, lift axle and air suspension. It operates in the OEM and CV segment.

The stock of Oberoi Realty Limited has formed a bearish engulfing candle on the daily time frame.

The stock of Ashok Leyland Limited has formed a Three Inside Down candlestick pattern on daily scale.

Time Technoplast Ltd was picked by our Bollinger Band squeeze scanner which suggests that the stock is near a consolidation breakout.

New Fund Offers (NFOs) that are open for subscription.

The stock to watch out on July 8 include Mangalore Refinery and Petrochemicals, PC Jeweller, ONGC, Oberoi Realty and Canara Bank.

Indian equity benchmarks ended lower after the Finance Minister’s Nirmala Sitharaman presented the budget for FY19-20. Markets ended with marginal losses on a weekly basis.