Nifty Tips for Tomorrow – Expert Prediction (14th July)

Bulls continued to exercise tight control over bears as the market ended at fresh record closing highs for the fourth consecutive session on Thursday. Investors looked for corporate earnings (TCS Q1 numbers due later today and Infosys on Friday morning). The rally, which was largely dominated by largecaps, was driven by a likely rate cut after lower retail inflation, positive global cues post dovish statement from the Federal Reserve Chair Janet Yellen on further rate hike and overcoming the fears of disruption due to introduction of GST. The 30-share BSE Sensex surged 232.56 points to 32,037.38 while the 50-share NSE Nifty rose 75.60 points to 9,891.70, which was few points away from 9,000-mark.

Today’s Top NSE Gainers: Yes Bank, ITC, Idea Cellular, Hindalco, ICICI Bank
Today’s Top NSE Losers: ONGC, Bharti Infratel, Asian Paints, Eicher Motors, M&M

Nifty Tips for Tomorrow – Expert Prediction (14th July)


TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 9890, 9940
SUPPORT: 9850, 9800
STRATEGY: SELL ON HIGH
BUY MAGMA ABOVE 176.60 TARGETS 178.30, 180, 181.70 STOPLOSS 173.20
BUY PHOENIX LTD ABOVE 575 TARGETS 580.70, 586.40, 592.10 STOPLOSS 563.60
BUY VISHNU ABOVE 331 TARGETS 334.30, 337.60, 340.90 STOPLOSS 324.40