Expert Prediction on Nifty for Tomorrow (4th August)

Benchmark indices settled the indices lower with Nifty ending only a little above 10,000- mark and Sensex down over 200 points after activity in service sector contracted at the sharpest rate in nearly four years in July after GST sowed confusion and sent new orders into free fall. All sectoral indices ended in red, contributing to the losses. Investors were also disappointed with just 25 bps rate cut by Reserve Bank of India (RBI). 25 bps was already priced in, experts believed. In broader markets, BSE Midcao and BSE Smallcap indices end 0.5% and 0.9% lower respectively. The S&P BSE Sensex settled the day at 32,238, down 239 points while the broader Nifty50 index ended 10,013, down 67 points.

Expert Prediction on Nifty for Tomorrow (4th August)

TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 10080, 10130
SUPPORT: 9990, 9940
STRATEGY: SELL ON HIGH
nifty tips by experts
BUY DEEPAKFERT ABOVE 364 TARGETS 367.5 , 371 , 374.5 STOPLOSS 357
BUY EDELWEISS ABOVE 236 TARGETS 238.2 , 240.4 , 242.6 STOPLOSS 231.5
SELL ELECON BELOW 52.8 TARGETS 52.3 , 51.8 , 51.3 STOPLOSS 53.8