Best Nifty Tips for Tomorrow (18th July)

The market settled Monday’s trade at record highs thanks to strong gains in IT counters such as Infosys and Wipro. Index heavyweight Reliance Industries, crossing the Rs 5 lakh crore market capitalisation for the first time ever, added to the gains, while ITC, dropping over 4% on speculations of an expected hike in cess by GST Council, hogged the limelight. The market breadth, indicating the overall health of the market, turned slightly negative. On BSE, 1,382 shares fell and 1,294 shares rose. The S&P BSE Sensex closed at 32,074, up 54 points, while the broader Nifty50 settled at 9,915, up 29 points.

Best Nifty Tips for Tomorrow (18th July)


TREND: CONSOLIDATE TO BULLISH
RESISTANCE: 9930, 9950
SUPPORT: 9890, 9840
APPROACH: BUY ON DIPS

BUY JMCPROJECT ABOVE 350 TARGETS 353.5 , 357 , 360.5 STOPLOSS 343
BUY RML ABOVE 608 TARGETS 614 , 620 , 626 STOPLOSS 596
SELL UNIPLY BELOW 265 TARGETS 262.4 , 259.8 , 257.2 STOPLOSS 270.2