Best Nifty and Bank Nifty Tips for Tomorrow (12th September: Tuesday)

Domestic market inched up supported by positive impetus in global market due to weakened hurricane Irma in US and sign of melting geopolitical tensions. Investors are also awaiting the outcome of CPI Inflation, IIP data tomorrow for any turnaround after the disruption from GST. Investors in Asia reacted with relief after North Korea did not conduct another missile test this weekend, when it celebrated its founding anniversary. The MSCI’s broadest index of Asia- Pacific shares outside Japan gained 0.4%. Benchmark indices ended at one-month high on Monday with Nifty50 scaling 10,000-mark led by gains in banking, capital goods, and auto stocks. The Sentiment was also supported by rise in Asian peers. The S&P BSE Sensex ended the day at 31,882, up 194 points while the broader Nifty50 index ended at 10,006, up 76 points.

Best Nifty and Bank Nifty Tips for Tomorrow (12th September: Tuesday)

nifty tips
NIFTY POINT OF VIEW
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 10020, 10070
SUPPORT: 9960, 9910
STRATEGY: SELL ON HIGH

BANK NIFTY POINT OF VIEW
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 24730, 24870
SUPPORT: 24450, 24310
STRATEGY: SELL ON HIGH

BUY PANACEABIO ABOVE 254 TARGETS 257.75 , 261.5 , 265.25 STOPLOSS 246.5
BUY SHOPERSTOP ABOVE 454 TARGETS 460 , 466 , 472 STOPLOSS 442
BUY GENESYS ABOVE 304 TARGETS 308.5 , 313 , 317.5 STOPLOSS 295

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