Market Updates With Expert Views On Bank Nifty For Tomorrow(3 February 2017)

Market Update
Benchmark indices were trading marginally higher as investors take a breather after Budget which helped markets gain nearly 2% in yesterday’s session. The Street also awaits RBI policy due next week. Meanwhile, cautious sentiment ahead of European Central Bank and Bank of England policy meet capped the gains. Weak auto sales put early up moves under check, but budget rally’s momentum was strong enough hold market together and pushes indices to the highest level this year. It also helped that IT stocks, which were under pressure owing to US immigration woes, swung back sharply lending positivity. The S&P BSE Sensex ended the day at 28,226, up 85 points, while the Nifty50 settled at 8,734, up 18 points.

Top NSE Gainers: Aurobindo Pharm, Dr Reddys Labs, Bank of Baroda, Tech Mahindra, Sun Pharma

Top NSE Losers: M&M, Hindalco, ACC, Tata Motors, Yes Bank

Expert Views On Bank Nifty

TREND: BULLISH TO CONSOLIDATE
RESISTANCE: 20150, 20300
SUPPORT: 19910, 19760
STRATEGY: BUY ON DIPS

 

 

 

 

 

 

 

 

Stock Tips For Tomorrow

BUY TATAMETALI ABOVE 414 TARGETS 418, 422, 426 STOPLOSS 406
BUY UJJIVAN ABOVE 430 TARGETS 434.50, 439, 443.50 STOPLOSS 421
SELL RPGLIFE BELOW 444 TARGETS 439.50, 435, 430.50 STOPLOSS 453

More Bank Nifty Tips By Experts