All major banks are in downswing and unless we see some pullback in the banking sector, we will see Nifty in the downward mode only as it has banking sector contributes a major chunk to Nifty index. BSE Midcap and Small cap indices ended down between 0.5-1%. On BSE 1,720 shares fell and 1,060 advanced. The daily momentum oscillators are strongly in favour of the bears and thus a fall to 5230 level is not ruled out.
Events to be watched ahead in Indian Markets
- Expiry of August derivative contracts.
- First quarter GDP numbers due on Friday,
Support and Resistances for the Day
| Indices | Support | Resistance |
| Nifty | 5270-5250 | 5310-5325-5370 |
Jackpot Tip Profit
| Stock | Profit (Rs) |
| Tip | 1190 (Rs 50,000 Trading) |
Intraday Trading Tips
| Share | Gains (Rs) |
| Tips | 18260 |
Future and Options Daily Paid Tips
| NSE Nifty 50 Stocks | Made Money (Rs) |
| Tipz | 45930 |
Strong future shares at National stock exchange
MTNL, MC Dowell, GSPL, Ranbaxy, Hind Uni Lvr, Shri Ram Transport, SRE Infra, TCS, Cipla & Dabur.
Weak future stocks at NSE
S Kumars, Alok Text, IFCI, Patel Eng, Opto Circuits, JP Power, Ibrealest, LITL, Adanient & Educomp.
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