Nifty Tips for Tomorrow: Monday (19th May)

Market continued to consolidate due to lack of major triggers to support the up move while FIIs were net sellers which add fears to the stability on INR. USFDA overhangs continue to impact pharma which led the index slid by ~2%, said the expert. Gains were capped by a sharp correction in pharma and IT stocks on worries over their earnings outlook while ITC, Tata Motors continued to support the market. In the broader market, the S&P BSE Smallcap pared gains to finish 0.1% higher after rising 0.5% to hit its record high, while the S&P BSE Midcap index was up 0.2%. The S&P BSE Sensex settled at 31,056, down 19 points, while the broader Nifty50 ended at 9,588, up 10 points.

Nifty Trend for Tomorrow (19th June)

nifty tips

TREND: BULLISH TO CONSOLIDATE
RESISTANCE: 9610, 9660
SUPPORT: 9560, 9510
STRATEGY: BUY ON DIPS

Nifty Tips for Tomorrow: Monday (19th May)

BUY IGARASHI ABOVE 1125 TARGETS 1136, 1147, 1158 STOPLOSS 1103
BUY COX&KINGS ABOVE 268 TARGETS 270.60, 273.20, 275.80 STOPLOSS 262.80
SELL BHUSANSTL BELOW 67 TARGETS 66.40, 65.80, 65.20 STOPLOSS 68.20