Best Nifty Trading Levels For Tomorrow – (Tuesday: 2nd May 2017)

The benchmark indices on Friday continued to trade lower as investors booked profits in index heavyweights such as ITC, HDFC, HDFC Bank and Bharti Airtel ahead of a long weekend, but were still on track to post their biggest weekly gain in six weeks. The market breadth, indicating the overall health of the market, turned negative from positive. On BSE, about 1,343 shares fell and 1,234 shares rose. A total of 135 shares were unchanged. Nifty Realty index (down 1.5%) was the leading sectoral loser, led by losses in Indiabulls Real Estate (down 5%), Prestige (down 4%) and Delta Corp (down 2%). In the broder market, the BSE Midcap and BSE Smallcap indices outperformed to gain 0.3% and 0.4%, respectively. The BSE Sensex was trading at 29,939, down 90 points, while the broader Nifty50 was ruling at 9,305, down 36 points.

Best Nifty Trading Levels For Tomorrow – (Tuesday: 2nd May 2017)

RESISTANCE: 9340, 9390
SUPPORT: 9280, 9230




Stock Tips:

BUY TWL ABOVE 131.10 TARGETS 132.40, 133.70, 135 STOPLOSS 128.50
BUY ORIENTCEM ABOVE 171.80 TARGETS 173.50, 175.20, 176.90 STOPLOSS 168.40
SELL SUPPETRO BELOW 385 TARGETS 381.20, 377.40, 373.60 STOPLOSS 392.60

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