Nifty Trading Tips for Tomorrow (1st August)

The markets ended at fresh closing highs on Monday after the country’s biggest lender, State Bank of India, rallied as it introduced a 2-tier savings bank interest rate, while investors awaited a rate cut by the Reserve Bank of India in its two-day policy meeting which begins on Tuesday. The 30-share BSE Sensex surged 205.06 points to 32,514.94 and the 50-share NSE Nifty gaiend 62.60 points at 10,077.10 despite weak market breadth. It was driven by banks, technology, oil and infra stocks but pharma and FMCG stocks were under pressure.The broader markets underperformed benchmarks, with the BSE Midcap index up 0.4 percent.

Nifty Trading Tips for Tomorrow (1st August)

TREND: CONSOLIDATE TO BULLISH
RESISTANCE: 10105, 10130
SUPPORT: 10035, 9990
APPROACH: BUY ON DIPS
Nifty Trading Tips for Tomorrow
CALL : BUY RAIREKMOH ABOVE 162.4 TARGETS 164 , 165.6 , 167.2 STOPLOSS 159.2
CALL : BUY DWARKESH ABOVE 514 TARGETS 519 , 524 , 529 STOPLOSS 504
CALL : BUY JSLHISAR ABOVE 165 TARGETS 166.6 , 168.2 , 169.8 STOPLOSS 161.8