NIFTY TIPS - INTRADAY CALLS FOR TOMORROW 29 Aug

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Indian shares pared losses due to further upmove in Tata Consultancy Services. Reliance Industries, State Bank of India and Bharti Airtel bounced back. Even the European markets cut losses; France's CAC, Germany's DAX and Britain's FTSE were flat.

Silver Updates :- Silver futures prices today fell by Rs 603, or 1%, to Rs 59,427 per kg as speculators booked profits after recent hefty gains amid a weak trend overseas. At the Multi Commodity Exchange, silver for delivery in December was trading Rs 603, or 1%, lower at Rs 59,427 per kg, with a turnover of 2,721 lots.

MCX Gold View :- The Gold rally witnessed in the last few trading sessions finally eased on Tuesday reversing its previous day's gains after hitting a record high on Monday. International gold was seen trading at $ 1,662 an ounce, while gold on the Multi Commodity Exchange opened at Rs 3,011 per 10 grams and was seen trading at Rs 30,937, lower by Rs 133 or 0.43% at 1.45 pm IST. Gold futures contract for December delivery was trading at Rs 31,315 per 10 grams.

INDIAN STOCK MARKET TREND TOMORROW || ECB MEETING

Indian share market today traded mixed. TCS and Reliance industries gave market a respected close. Stock market trend for tomorrow is considered as volatile. As tomorrow is ECB's meeting starting from tomorrow so all eyes will be on that. There is a expectation of special stimulus package, if it won't come then global market will fall and Nifty will also follow it. Keep a close eye on ECB meeting starting from tomorrow, Nifty will behave choppy and rangebound. We advise not to buy Nifty before next week, rest view will be after meeting and watching its effect globally.

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