Market indices ended at fresh 52-week closing highs led by rate-sensitive shares ahead of the RBI monetary policy review tomorrow, while better-than-expected US jobs data led to a rally in export-oriented stocks such as IT and pharma. Today, the Sensex closed 61 points up at 28,140 and the Nifty 50 hiked up 28 points to 8,711. In BSE Sectors, Midcap index has surged around 0.70% and the Smallcap index has surged almost 1%. Asian shares gained sharply on Monday, the Shanghai Composite Index rose 0.26%, and the Hong Kong Hang Seng has gained around 1%, while the Japan’s index Nikkei has hiked up by 1.89%.
According to our expert and the data shown in the technical chart, the Nifty will face Bullish trend for tomorrow. The Supports will be held at 8690 and 8640, while it will face the resistance at 8730 and 8780. Buying on Dip will be best for the investors.
Free Stock Tips for Tomorrow : 9th August
BUY LAKSHMIEFL ABOVE 42.50 TARGET 42.90, 43.30, 43.70 STOPLOSS 41.70
BUY PUNJABCHEM ABOVE 222 TARGET 224.20, 226.40, 228.60 STOPLOSS 217.60
SELL INOXWIND BELOW 206 TARGET 204, 202, 200 STOPLOSS 210