nifty tips

Nifty & Bank Nifty Tips for Tomorrow (6th September)

Market Update: Domestic indices traded in a range during the early hours as the investors kept a cautious stance as tensions over Korea brewed. However the positivity from European peers reinstated buying interest during in the second half and with few domestic signals, markets will look up to global cues, especially central bank announcements. Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap indices up 0.6% and 1% respectively. Benchmark indices ended higher as the Street shrugged off lingering concerns about the escalating North Korea crisis. The S&P BSE Sensex ended at 31,809, up 107 points while the broader Nifty50 index settled at 9,951, up 39 points.

Nifty & Bank Nifty Tips for Tomorrow (6th September)

CASH CALL : BUY NITCO ABOVE 108 TARGETS 109.5 , 111 , 112.5 STOPLOSS 105
CASH CALL : BUY SHANKARA ABOVE 1345 TARGETS 1365 , 1385 , 1405 STOPLOSS 1305
CASH CALL : BUY PHILIPCARB ABOVE 791 TARGETS 801 , 811 , 821 STOPLOSS 775

NIFTY POINT OF VIEW
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 9960, 10010
SUPPORT: 9900, 9850
STRATEGY: SELL ON HIGH

BANK NIFTY POINT OF VIEW
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 24380, 24520
SUPPORT: 24250, 24110
STRATEGY: SELL ON HIGH

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