SHARE MARKET TREND (Wednesday 3 august) :-
Share market trend for wednesday 3 august is considered to have effect of yesterday's bearish trend. Selling pressure will continue to keep eye on share market and again the share market trend is considered to be negative following the global cues. As the share market opened today with a very week note.Sensex is trading at 17931, down 178 points from its previous close, and Nifty is at 5400, down 56 points.
Traders and investors are advised to play safe with strict stoplosses.
NIFTY TECHNICAL LEVELS TODAY
SUPPORT :- Technical support for the nifty is at 5434-30 level.Next support is at 5412-07 level.
RESISTANCE :- Today the first resistance for nifty is at 5475-80 level.Next resistance is at 5498-03 level
SHARE MARKET TIPS FOR TODAY :-
Following are the buy and sell recommendations for today,please have a look
1. BUY Cipla Ltd with a target of Rs 324 and a stop loss of Rs 307
2. SELL Bank of India Ltd with a target of Rs 375 and a stop loss of Rs 390
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