Nifty and Bank Nifty Tips for Tomorrow (Monday : 18th September)

The launch happened early on Friday after US markets had been shut for the day. European shares were also trading lower for the day. However, most analysts feel that the threat to stability for the Indian equity markets is mostly from the global geopolitical situation that can see the markets perform in tandem with peers. That said, the reaction, however, they feel will be short-lived and investors should use any decline to buy stocks from a med iu m-to-long term perspective. Markets ended almost flat in a volatile session today, pressurized by weak global cues. The news of another missile test by the North Korea led a feeble start but buying in select index majors pared losses completely in the middle. However, profit taking in last half an hour again pushed the bulls slightly on the back foot. Amid all, only IT index managed to close with the decent gain while majority ended flat. The S&P BSE Sensex settled at 32,272, up 30 points while the broader Nifty50 index ended at 10,085, down 1 point.

Nifty and Bank Nifty Tips for Tomorrow (Monday : 18th September)

CALL : BUY CGCL ABOVE 98.8 TARGETS 100.1 , 101.4 , 102.7 STOPLOSS 96.2
CALL : BUY TINPLATE ABOVE 206.5 TARGETS 209.5 , 212.5 , 215.5 STOPLOSS 200.5
CALL : BUY KEI ABOVE 346.5 TARGETS 351.5 , 356.5 , 361.5 STOPLOSS 336.5

NIFTY POINT OF VIEW
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 10110, 10160
SUPPORT: 10040, 9990
STRATEGY: SELL ON HIGH
nifty tips
BANK NIFTY POINT OF VIEW
TREND: BEARISH TO CONSOLIDATE
RESISTANCE: 24910, 25050
SUPPORT: 24790, 24650
STRATEGY: SELL ON HIGH

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