nifty intraday tips

Nifty Intraday Tips (24th May Wednesday)

Benchmark indices settled lower with the S&P BSE Sensex shedding 200 points and Nifty 50 ending below 9,400-level as investors booked profit in recent outperformers. The sentiment was also dragged by geopolitical tensions as Indian army strikes Pakistan military posts.The street also took cues from the global markets which were mostly trading lower post the explosion, at a concert by US singer Ariana Grande shook Manchester. The S&P BSE Sensex ended at 30,365, down 205 points, while the broader Nifty50 settled at 9,386, down 52 points. The broader market underperformed the benchmark indices with S&P BSE Midcap and the S&P BSE Smallcap indices dipped over 1% each.

Today’s Top Nifty Gainers

Maruti Suzuki, M&M, Eicher Motors, Wipro, Hindalco

Today’s Top Nifty Losers¬†

Adani Ports, Aurobindo Pharm, Cipla, Sun Pharma, Idea Cellular

Nifty Market Trend & Technical Chart

TREND: BULLISH
RESISTANCE: 9435, 9480
SUPPORT: 9355, 9325
APPROACH: BUY ON DIPS

Nifty Intraday Tips (24th May Wednesday)

BUY SHAKTIPUMP ABOVE 407.50 TARGETS 411.50, 415.50, 419.50 STOPLOSS 403.50
BUY CAPLIPOINT ABOVE 572 TARGETS 578,584, 590 STOPLOSS 566
BUY HOVS ABOVE 350 TARGETS 354, 358, 362 STOPLOSS 346