Share Tips For Tomorrow: 2nd May

By | 29 April 2017

Equity benchmarks extended losses for the second consecutive session Friday, with the Nifty opening May series on a negative note but the week was quite strong for the market that surged 2 percent. Profit booking in FMCG, technology, infra and HDFC Group stocks dragged the Sensex below 30,000 level, down 111.34 points at 29,918.40. The Nifty was also down 38.10 points at 9,304.05 but managed to hold psychological 9,300-mark due to solid rally in PSU banks after Federal Bank earnings.The broader markets continued to outperform benchmarks, with the BSE Mid-cap index rising 0.2 percent and Small-cap up 0.6 percent despite weak breadth, aided by PSU banks.

Asian Market Update: Nikkei 225 declined 55 points to 19196, Hang Seng lost 83 points to 24615 and China’s index Shanghai Composite gained 2 points at 3154.

Top NSE Gainers:ONGC, Bank of Baroda, SBI, Maruti Suzuki, Hindalco.

Top NSE Losers: Bharti Infratel, ITC, BPCL, Tech Mahindra, HDFC.

Stock Tips For Tomorrow

Buy ORIENTCEM at above 171.80 Targets 173.50, 175.20, 176.90 stop loss 168.40
Sell SUPPETRO at below 385 Targets 381.20, 377.40, 373.60 stop loss 392.60

Nifty Trend For Tomorrow

According to our technical chart, tomorrow Nifty Market seems to follow the Bullish Trend, with having the Support around 9280, 9230 and Resistance around 9340, 9390 Buying On Dips will be beneficial for the traders.

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