Key benchmark indices continue to trade lower weighed down by pharma shares. The Sensex and the Nifty recovered after hitting hit their lowest intraday levels in almost four months in early afternoon trade. The Sensex fell 130.26 points, or 0.47% at the day’s low of 27,300.02 in early afternoon trade, its lowest level since 8 July 2016. In overseas stock markets, most Asian stocks declined as investors were spooked by growing uncertainty about the outcome of the US presidential election next week. On the economic front, the GST council yesterday, 3 November 2016 approved four main tax slabs 5%,12%, 18% and 28% under a proposed Goods and Services Tax (GST).
Today’s Top NSE Gainers : HCL Tech, ITC, Tata Motors (D), Wipro, HUL
Today’s Top NSE Losers : Sun Pharma, Dr Reddys Labs, Aurobindo Pharm, bharti Infratel, Coal India.
Nifty Trend for Monday
RESISTANCE: 8490 , 8545
SUPPORT:8400 , 8340
APPROACH: SELL ON HIGH
Bank Nifty Trend for Monday
RESISTANCE:19140 , 19230
APPROACH:SELL ON HIGH
Free Intraday Tips for Monday : 7th November
BUY GEOMETRIC ABOVE 239.4 TARGETS 241.8 , 244.2 , 246.6 STOPLOSS 234.6
BUY PRAJIND ABOVE 83.9 TARGETS 84.7 , 85.5 , 86.3 STOPLOSS 82.3
SELL MAMAKSIA BELOW 58 TARGETS 57.5 , 57 , 56.5 STOPLOSS 59