Free Stock Tips for Tomorrow : 16th May

The benchmark indices settled at fresh record closing highs on Monday after investors reacted positively to macroeconomic data released with changes in new base-year series for wholesale price index (WPI) inflation and index of industrial production (IIP), while a sharp fall in retail inflation to 2.99% in April extended a debate on whether the Reserve Bank of India (RBI) should cut interest rates. The S&P BSE Sensex settled 134 points higher to hit its fresh closing high of at 30,322, while the broader Nifty50 ended at 9,445, up 44 points. In the broader market, the S&P BSE Midcap added over 1% to finish at fresh closing high, while the S&P BSE Small-cap indices ended 0.8% higher.

Nifty Market Trend and Technical Chart for Tomorrow

nifty technical chart

TREND: BULLISH
RESISTANCE: 9455 , 9465
SUPPORT: 9430, 9415
APPROACH: BUY ON DIPS

Free Stock Tips for Tomorrow : 16th May

BUY HOVS ABOVE 273 TARGETS 276, 279, 282 STOPLOSS 270
BUY TGBHOTELS ABOVE 70 TARGETS 71, 72, 73 STOPLOSS 69
BUY V2RETAIL ABOVE 232 TARGETS 235,238,241 STOPLOSS 229

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