Sensex and Nifty have come on 13 -month low. NSE trading with the pharmaceutical sector are all but down. Bank , auto , metal and realty indices have tumbled 2%. Currently , the BSE 30 – share Sensex index dropped 512 points 25 254 points level. The Nifty is at the level of 7660 with a loss of 162 points .
Midcap and smallcap stocks also declined strongly. CNX Midcap Index fell 2.5 percent to a level of 12,560. Dropped 2.6 percent to 10,600, while the BSE Smallcap Index slipped down.
All BSE sectoral indices in early trading, as was seen in the red and now it has gone down much. BSE banking, reality power, metal and auto index 4.2 to 2.4 percent was recorded. Bank Nifty fell 3.3 percent, Trading at 16,000 level.
Experts at Nifty Trading Tips expect Nifty to trade between 7700-7930 spot. Selling pressure could lead towards 7600/7450 spot. Immediate resistance remains at 7930 spot.
Intraday trading Tips Today :
We recommend a sell in BPCL (Sep Future) below Rs 8 32 with the stoploss of Rs 862 for the target of Rs 787