Markets ended flat with negative bias, with L&T and ICICI Bank leading the decline amid weak corporate earnings. Investors also engaged in profit booking in the recent gainers at attractive and higher valuations. The Sensex ended down 49 points at 28,003 and the Nifty slipped 2 points to settle at 8,637.Markets had rallied in early trades with the Nifty recording its highest level since April 16, 2015 after recent developments in the parliament rekindled hopes of the crucial GST Bill getting passed this week. In overseas stock markets, European and Asian shares rose as the chances of a US interest-rate increase diminished, after the nation’s economic growth for the second quarter came in below expectations.
According to technical chart, Nifty trend seems Bullish For tomorrows trading session, with having strong supports at 8590 and 8540. The resistance level will be at 8720 and 8770. Experts advice to buy on dip.
Free Stock Tips for Tomorrow : 2nd August (Tuesday)
BUY DISHMAN ABOVE 169 TARGETS 170.5, 172, 173.5 STOPLOSSS 166
BUY CHENNPETRO ABOVE 278 TARGETS 281, 284, 287 STOPLOSS 272
SELL NAHARINDUS BELOW 93 TARGETS 92, 91, 90 STOPLOSS 95