Indian Market Outlook: Nifty ended the July F&O expiry on a strong note closing above 8660.July has seen the comeback of FII who have bought over Rs. 12000 crores worth of stocks in the cash market. The consensus amongst all political parties regarding GST is a strong indication that the bill might see the light of the day in Rajya Sabha next week. Nifty can see a sharp upside movement if it is able to sustain above 8650 and possible upsides targets could be 8800-8850 in the event of GST being cleared. The support of nifty remains at 8565. Another major event to watch out for the day is the Bank Of Japan Policy decision where investors would keenly watch for any sign of further stimulus.
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