Markets recouped intra-day losses to end marginally higher on reports that the GST constitutional amendment bill has been listed for discussion in the Rajya Sabha next week. The Sensex rose 93 points to end at 27,803 and the Nifty 50 climbed 31 points to close at 8,541. In the broader market, both the BSE Midcap and Small cap indices, gained nearly 1% outperforming the benchmark indices. Media reports suggesting that the Goods and Services Tax (GST) constitutional amendment bill has been listed for discussion in the Rajya Sabha next week boosted investors’ sentiment. In overseas stocks markets, European stocks edged lower after European Central Bank (ECB) held rates unchanged after a monetary policy review yesterday.
According to Technical Charts, Nifty Trend is looking Bullish for Monday with having the strong supports at 8490 and 8440, while it is having the resistance level at 8550 and 8600. We suggest Buy on Dip approach.
Free Stock Tips Tomorrow (Monday) : 25th July
BUY METALFORGE ABOVE 70.60 TARGET 71.30, 72, 72.70 STOPLOSS 69.20
BUY PRICOL ABOVE 106 TARGET 107, 108, 109 STOPLOSS 104
SELL RSSOFTWARE BELOW 83 TARGET 82.20, 81.40, 80.60 STOPLOSS 84.60