No new trades on Monday!

What is priced in in current NIFTY fall? Rate hike by FED or GST?

If rate hike worries are already discounted by market then clearly GST news will push the market to higher levels on Monday. Also good global cues would definitely see at least gap up opening.

As a trader what is most important for NIFTY is level 7845-7860.

Maybe 7845-7860 would provide good selling opportunity again with strict SL.

Some of the stocks would benefit due to GST One of them is surely DishTV and another SBI

In my view DishTV would benefit due to uniform tax regimen across the country and the most widely used network will able to increase profit margin due to GST.
Also all unorganised operators (cable TV operators) in small cities have to pay equal tax as that of DishTV and there will be level playing field for all DTH operators.
DishTV will score more marks here.
One can buy DishTV in cash with one year view with SL 94.

SBI: If GST to be collected one of the chanel will be SBI. Investors will like it and stock would easily touch 250 in very short time.

On Monday we will not take new trades, But will try and exit DishTV and SBI at profit or at cost.

New trades will be taken after analysis on Tuesday.
Disclaimer: This blog does not take any responsibility of your profit/loss.