Markets slipped in late trades, amid weak European cues, as investors booked profits after recent gains while the uncertainty over the passage of the GST Bill continued to weigh on investor sentiment. The Sensex ended down 31 points at 27,885 and the Nifty settled points lower at 8,567. In the broader market, BSE Midcap and Small cap indices ended down over 0.1% each. Market breadth was negative with 1584 losers and 1100 gainers on the BSE. Foreign institutional investors were net buyers in equities worth Rs 215 crore on Wednesday, as per provisional stock exchange data. Wipro ended up 0.7% after the company won a contract from Greater Toronto Airports Authority for futuristic IT and Business Transformation.
According to the technical chart, Tomorrow’s Nifty trend is looking bullish, with the strong support at 8640 and 8590. If Nifty touches this level, then it may fall to the 8450. Following Buy on Dip approach would be great for investors.
Stock Intraday Tips for Tomorrow : 22nd July
BUY TATAMETALI ABOVE 500 TARGET 505, 510, 515 STOPLOSS 490
BUY CHENNPETRO ABOVE 270 TARGET 272.70, 275.40, 278.10 STOPLOSS 264.60
SELL GOKEX BELOW 103 TARGET 102, 101, 100 STOPLOSS 105