Nifty & Bank Nifty Tips for Tomorrow – Expert Prediction

Markets have been on a roll since the beginning of this calendar year. In July itself, the Nifty50 index has rallied nearly 4% and crossed the 10,000 mark for the first time ever in intra-day deals on Tuesday. Yes Bank ended the day over 6% higher after the private lender announced Q1 PAT at Rs 960 cr, in line with Street expectations. The company board also approved stock split in ratio of 5-for-1. The rally in July has seen 120 stocks in the Nifty50 index hit their respective fresh 52- week high, ACE Equity data show. Of these, 37 have touched their 52-week highs this week itself. In broader markets, BSE Midcap and BSE Smallcap indices ended 0.2% and 0.3% higher respectively. The BSE Sensex ended at fresh closing high of 32,382, up 154 points. The broader Nifty50 index, too settled at new closing high of 10,020, up 56 points.

Nifty & Bank Nifty Tips for Tomorrow – Expert Prediction

BUY DEEPAKFERT ABOVE 362 TARGETS 365.5 , 369 , 372.5 STOPLOSS 355
BUY GANESHHOUC ABOVE 154 TARGETS 155.5 , 157 , 158.5 STOPLOSS 151
BUY MERCK ABOVE 1314 TARGETS 1327 , 1340 , 1353 STOPLOSS 1288


NIFTY POINT OF VIEW
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 10025, 10075
SUPPORT: 9960, 9910
STRATEGY: SELL ON HIGH

BANK NIFTY POINT OF VIEW
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 24720, 24860
SUPPORT: 24480, 24340
STRATEGY: SELL ON HIGH