Nifty BULLS controlling the markets, BUY at every correction

Stock Market Today by Shailesh Saraf – 3rd June 2016
Indian Market Outlook:
We recommend a buy in Nifty at 8178 with a stop of 8150. The huge buying of FII and PRO in future and options suggests that 8336 are in the cards for Nifty in the coming days. SGX Nifty is trading at 8264 at 8:15 am IST. Nifty share price is expected to open at same levels i.e. a gap up of 20 points.International Market Outlook
Asian shares held steady on Friday as investors wait for U.S. payrolls data that could add to or detract from the case for a Federal Reserve interest rate hike later this month or in July. The data will be followed by a speech from Federal Reserve Chair Janet Yellen on Monday, the last chance for the Fed to communicate with markets before it begins a blackout period ahead of its policy meeting on June 14-15. In recent weeks global markets have been puzzling over what the Fed would do in the near term as relatively upbeat U.S. data have been undermined by a still-sluggish global economy and worries over the risk of Britain exiting the European Union. OPEC failed to agree a clear oil-output strategy on Thursday as Iran insisted on steeply raising its own production, though Saudi Arabia's new oil minister promised not to flood the market. Yesterday, the ECB's Governing Council left interest rates unchanged ahead of the launch of a highly-anticipated corporate bond buying program next week, as inflation continues to remain stubbornly low.
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