INTRADAY TIPS FOR TOMORROW : 21st AUGUST

intraday tipsNifty and Sensex end today’s session on record high backed by positive global cues and Asian market with INR appreciated RS 32 paisa in morning trade against USD.  Apart from IT all sector index closed in green today with metal sector exceeding the gain by 2.50% followed by PSU banks.  Total 956 shares have ended today session on positive note and 782 shares ended in red today. As we had said in our last commentary 11600-11650 is very much possible and today’s closing of Nifty future indicates that bulls are in total control on market, whereas Bank Nifty future couldn’t break 28386 level, which was its previous all time high and will act crucial resistance for Tuesday market. If Bank Nifty future break 28400 level then we may see Bank Nifty future trading 28600-28700 level soon. Reports suggest that talk between 2 major economies USA and CHINA will talk in Washington on August 21 and 22, just before US levy new tariffs on Chinese goods worth USD 16- Billion. Corporate earnings are major boost for Indian market and positive global cues and market suggests more upside in market. We suggest you to stay in trend and adopt buying on dips strategy.

INTRADAY TIPS FOR TOMORROW : 21st AUGUST

Buy Reliance Capital fut above 455 target 459-465 with sl 449

Buy dhfl fut above 672 target 677-685 with sl 665

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