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Stock Cash Tips: 1st April (Monday)

Published March 29, 2019 Total Comments : 0
Nifty tips

IN THE BROADER MARKET, THE S&P BSE MIDCAP INDEX SURGED 151 POINTS OR 0.99 PER CENT TO CLOSE AT 15,480. THE S&P BSE SMALLCAP ROSE 109 POINTS OR 0.73 PER CENT TO END AT 15,027. THE BENCHMARK INDICES ENDED ON A POSITIVE NOTE FOR THE SECOND STRAIGHT DAY ON FRIDAY, THE LAST TRADING DAY OF THE FINANCIAL YEAR (FY19) 2018-19 AMID BUYING IN METALS, PHARMA, AND AUTO STOCKS. THE S&P BSE SENSEX ENDED AT 38,673, UP 127 POINTS OR 0.33 PER CENT WITH VEDANTA BEING THE TOP GAINER AND INDUSIND BANK THE BIGGEST LOSER. THE NSE’S NIFTY50 INDEX CLOSED ABOVE THE CRUCIAL 11,600 LEVEL AT 11,624, UP 54 POINTS OR 0.47 PER CENT.

Nifty Tips and Trend

IN A NIFTY THERE IS A MAJOR RESISTANCE AROUND 11621,WHICH IF BREAK ABOVE THAT LEVEL WILL LEAD TO MOVE DIRECTIONAL MOVEMENT IN INDEX.

RESISTANCE  :11667, 11645
SUPPORT  1:11585, 11547

DAILY STOCK RECOMMENDATION

BUY MGL AROUND 1060 AND TGT 1075/1100 STOPLOSS 1040
BUY SUNPHARMA AROUND 480 TGT 490/500 SL 470
BUY TATA STEEL FUTURE ABOVE 526 TGT 530/535 SL 522

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