Stock Future Tips by CapitalHeigh

Bank Nifty Market Trend 

CH BANK NIFTY TREND -CONSOLIDATE

BANK NIFTY FUTURE LEVELS

SUPP 1: 16440

SUPP 2: 16050

RES 1: 16970

RES 2: 17350

Market Updates

• Equity benchmarks extended rally with the Sensex rising 217.74 points or 0.85 percent to 25827.95 and the Nifty gaining 65.30 points or 0.84 percent at 7854.60.
•   Shares of Rolta India climbed 5.8 percent intraday on additional 13 million dollar contract for engineering information asset solution. It has designed, developed and deployed this solution for one of the world’s largest petrochemical complexes.
• Buy Tata Steel (Rs 234) at current levels and add more in small quantities at declines for medium term.
• Buy Reliance Power (Rs 40) for medium term. For near term, keep a stop loss at Rs 35.
• Greaves Cotton has announced that it has launched a new range of Farm Equipment Products at manufacturing plant in Gummidipoondi near Chennai. The stock is trading at Rs 136, up nearly 2%.
• The market is trading modesty higher a little past noon, having recovered fairly well after a sluggish start. Data showing industrial output to have grown 4.2% in July and somewhat steady Asian markets are contributing to the positive mood at present
• The Sensex is up 109.90 points or 0.43% at 25,719.21. The Nifty is at 7819.65, up 30.35 points or 0.39% from its previous close.

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