Best Nifty Tips For Tomorrow – 31st August (Thursday)

Market Update:

Domestic indices ascended on the back drop of a recovery in the global markets, while receding intensity of rain havoc in the financial capital also helped improve risk appetite. The dollar came off a 2- 1/2 year low and world stocks rose on Wednesday after the United States’ measured response to North Korea’s missile test soothed jittery investors who turned their focus to positive economic data. European stocks rose higher, tracking counterparts in Asia and the United States and reversing losses from the day before when investors were spooked by Pyongyang’s firing of a ballistic missile over Japan. Subdued rollover numbers seems to be concerning, but significant short covering was seen in the IT and pharma sectors, keeping market buoyant. Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap rising 1.5% and 1.3% respectively. The Sensex settle at 31,646, up 258 points, while the broader Nifty50 was ruling at 9,884, up 88 points.

Best Nifty Tips For Tomorrow – 31st August (Thursday)

best nifty tips
POINT OF VIEW
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 9910, 9960
SUPPORT: 9850, 9800
STRATEGY: SELL ON HIGH
CASH CALL : BUY HEG ABOVE 691 TARGETS 701 , 711 , 721 STOPLOSS 675
CASH CALL : BUY BOMDYEING ABOVE 107.3 TARGETS 108.8 , 110.3 , 111.8 STOPLOSS 104.3
CASH CALL : BUY GODREJPROP ABOVE 571 TARGETS 579 , 587 , 595 STOPLOSS 555

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