Expert Prediction for Tomorrow (28th June)

After three weeks of consolidation, equity benchmarks hit one-month closing low Tuesday as the Sensex shed 291 points intraday on correction in major sectors – banks and technology. Likely increase in banks’ provisioning in FY18 and profit booking could be main reasons for selling pressure as experts continuously saying the market currently is highly valued with pricing in all major positives. Sensex was down 179.96 points at 30,958.25 and the 50-share NSE Nifty slipped 63.55 points to 9,511.40 after hitting day’s low of 30,847.08 and 9,473.45, respectively. The breadth, indicating the overall health of the market, was weak. On the BSE, 1,880 shares declined and 722 shares rose. A total of 170 shares were unchanged.

Today’s Top NSE Gainers: Idea Cellular, GAIL, Bharti Airtel, ONGC, Hero Motocorp
Today’s Top NSE Losers: Bank of Baroda, ACC, Zee Entertain, SBI, UltraTechCement


TREND: CONSOLIDATE TO BEARISH
RESISTANCE: 9610, 9660
SUPPORT: 9470, 9420
APPROACH: SELL ON HIGH

Expert Prediction for Tomorrow (28th June)

BUY KARMAENG ABOVE 56.3 TARGETS 56.8 , 57.3 , 57.8 STOPLOSS 55.3
SELL RUPA BELOW 473.9 TARGETS 469.4 , 464.9 , 460.4 STOPLOSS 482.9