Bears took complete control over Dalal Street on Tuesday as the BSE Sensex crashed nearly 450 points intraday, dragged entirely by index heavyweights ITC post hike in cigarettes cess and also to some extent Reliance Industries. At close, the 30-share BSE Sensex posted biggest single day loss in 2017, down 363.79 points or 1.13 percent at 31,710.99. The 50-share NSE Nifty shed 88.80 points or 0.90 percent to 9,827.15 after hitting intraday low of 9,792.05. Experts feel today’s sharp fall was due to stock specific correction, which is unlikely to hit overall positive market sentiment.

Tomorrow’s Nifty Trend and Technical Chart

TREND: CONSOLIDATE TO BEARISH
RESISTANCE: 9875, 9930
SUPPORT: 9785, 9740
APPROACH: SELL ON HIGH

Free Intraday Tips for Tomorrow : 19th July

BUY INDOTHAI ABOVE 48 TARGETS 48.5 , 49 , 49.5 STOPLOSS 47
BUY HTMEDIA ABOVE 90 TARGETS 90.9 , 91.8 , 92.7 STOPLOSS 88.2
BUY GPIL ABOVE 107.5 TARGETS 108.5 , 109.5 , 110.5 STOPLOSS 105.5