The benchmark indices rebounded to ended marginally higher after a day of subdued trading as caution ahead of the launch of a goods and services tax (GST) kept investors on edge. The indices ended the month of June in negative, first monthly loss this year, even after they rose a bit in the late afternoon deals. The Sensex settled the day at 30,921, up 64 points, while the broader Nifty50 was ruling at 9,521, up 17 points. Despite global weaknesses, investors focus on sector specific buying ahead GST implementation helped the market to recoup intraday losses. Flight of foreign funds from equity and weakness in INR continue to alert investors as the short term benefit from GST is likely to be disruptive.
Nifty Future and Option Tips for Monday (3rd July)
BUY L&TFH FUTURE ABOVE 145.5 TARGETS 146.5 , 147.5 STOPLOSS 144
BUY CIPLA FUTURE ABOVE 560 TARGETS 564 , 568 STOPLOSS 554
BUY DABUR FUTURE ABOVE 293 TARGETS 294.6 , 296.2 STOPLOSS 290.6