The document provides analysis of the Indian stock market. It discusses that global concerns led to some correction in global markets on Friday. The Nifty futures showed profit-booking and consolidated between 7510-7550 before breaking out and closing with a gain of 1.35%. Several stocks such as ONGC, Reliance Capital, CESC, Canara Bank and Tata Motors looked strong. Analysis of options data suggested strength in the market. The breakout has significance for the market to resume its uptrend, with 7700 and 8000 levels being key resistance levels.