FREE STOCK TRADING TIPS FOR MONDAY : 13th AUGUST
As we had said market today traded in correction phase that we are talking about. Nifty future closes 48.30 points down at 11439.25 and Bank Nifty future closes at 185.15 points down at 28166.55. Movement in market has been witness after SBI announces its Q1FY19 result in which it shows a loss of 4876 cr due to its provision for bad loans rises more than 70%, poll has been expecting profit of 448 cr, which causes market to fall.
Further correction is expected only if Nifty future breaks down 11420 levels and after that support for the market is at 10355-10365 levels which are very much possible. Technical indicators are suggesting that market may show some more correction but stock specific movements will continue in the market. Accept delivery on selected stocks and trade with proper research and at proper time is the key to earn profit in this type of market,
Major result on Saturday- Amar raja Battery, Bajaj Steel, Balkrishna Ind, Coal India, Dalmia Bharat, Dcm Shiram, Finolex India, Godfry Phlp, India Cements, IOC, MRPL, Vadilal Ind