In a choppy trade, the benchmark indices extended gains for the second straight session on Wednesday as FMCG and auto stocks rallied. Caution prevailed as a faster- than-expected rise in consumer price inflation in July reduced the chances of another interest rate cut by the Reserve Bank of India, which cut its main policy rate early this month by 25 basis points to 6%, the lowest since November 2010.Equity benchmark indices ended the session on a very strong note, with the Sensex ending 320 points higher and the Nifty ended just a tad below 9900. The Sensex ended up 321.86 points at 31770.89, while the Nifty ended higher by 103.15 points at 9897.30.

Nifty Market Trend for Tomorrow

TREND: CONSOLIDATE TO BEARISH
RESISTANCE: 9945, 9990
SUPPORT: 9815, 9730
APPROACH: SELL ON HIGH

Free Intraday Tips : 17th August Thursday

BUY MEGH ABOVE 62.3 TARGETS 62.9, 63.5, 64.1 STOPLOSS 61.1
BUY GABRIEL ABOVE 180 TARGETS 181.8, 183.6, 185.4 STOPLOSS 176.4
BUY THANGAMAYL ABOVE 377 TARGETS 380, 383, 386 STOPLOSS 371