Free Intraday Tips for Tomorrow (Tuesday) : 16th August

Yesterday, market indices rose for the second straight day with state-owned banks gaining the most led by State Bank of India after it reported lower-than-expected rise in bad loans. The Sensex ended up 293 points at 28,152 and the Nifty 50 settled 80 points higher at 8,672. In the broader market, the BSE Midcap and Small cap indices ended up 0.2%-0.8% each. Market breadth ended weak with 1406 losers and 1251 gainers on the BSE. SBI zoomed 7% after the gross bad loans as a percentage of total loans rose to 6.94% as of end-June, from 6.50% in March. Standalone net profit dropped 32% to Rs 2,521 crore for the three months to June 30, against Rs 3,692 crore reported a year earlier.

intraday tips for tomorrow

Nifty Market Trend for Tuesday

TREND: BULLISH
RESISTANCE: 8690, 8740
SUPPORT: 8600, 8550
APPROACH: BUY ON DIP

Free Intraday Tips for Tomorrow (Tuesday)  : 16th August

BUY ATLANTA ABOVE 72.50 TARGET 73.20, 73.90, 74.60 STOPLOSS 71.10
BUY INDIANB ABOVE 206.50 TARGET 208.50, 210.50, 212.50 STOPLOSS 202.50
SELL JKIL BELOW 138 TARGET 136.70, 135.40, 134.10 STOPLOSS 140.60