Nifty Stock Tips for Tomorrow (Monday: 3rd July)

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.In the broader market, The revised tax structure will kick in from midnight, marking India’s biggest tax reform since independence, unifying its $2 trillion economy and 1.3 billion people into a common market. The S&P BSE Midcap and the S&P BSE Smallcap bucked the trend to gain 0.6% each. The BSE Sensex settled the day at 30,921, up 64 points, while the broader Nifty50 was ruling at 9,521, up 17 points.

Nifty Stock Tips for Tomorrow (Monday: 3rd July)

BUY BEPL ABOVE 68.50 TARGETS 69.10, 69.70, 70.30 STOPLOSS 69.70
BUY PGEL ABOVE 293 TARGETS 295.90, 298.80, 301.70 STOPLOSS 287.20
SELL TRIDENT BELOW 73.10 TARGETS 72.40, 71.70, 71 STOPLOSS 74.50

TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 9530, 9580
SUPPORT: 9440, 9390
STRATEGY: SELL ON HIGH