The intra-day losses were recouped after index heavyweight Reliance Industries rallied to hit 9-year high. Losses were also capped as pharma and realty indices surged through the day on value buying. In the broader market, the S&P BSE Midcap was a little changed but ended in red while S&P BSE Smallcap index gained 0.3%. The S&P BSE Sensex ended at 31,360, down 9 points after while the broader Nifty50 was ruling at 9,666, down 9 points.
Nifty Trading Tips for Monday (10th July) – Expert Prediction
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 9680, 9730
SUPPORT: 9640, 9590
STRATEGY: SELL ON HIGH
CALL : BUY SHAKTIPUMP ABOVE 514.50 TARGETS 519.60, 524.70, 529.80 STOPLOSS 504.30
CALL : BUY NATHBIOGEN ABOVE 404.50 TARGETS 408.50, 412.50, 416.50 STOPLOSS 396.50