The benchmark indices fell over 1%, extending losses for the fourth straight session, while the rupee hit its weakest point since early April amid concerns that the government’s plan for a stimulus to halt an economic slowdown may have a negative impact on the fiscal deficit. Global investor sentiment was also subdued after North Korea said it might test a hydrogen bomb in the Pacific Ocean and escalated a war of words with US President Donald Trump. The Sensex cracked 447 points, while the Nifty logged its steepest percentage fall since November 2016, ending below 10,000 mark. Broader markets underperformed with the BSE Midcap and the BSE Smallcap indices losing over 2% each.
Nifty Market Trend for Monday
TREND: CONSOLIDATE TO BEARISH
RESISTANCE: 10055, 10145
SUPPORT: 9915, 9860
APPROACH: SELL ON HIGH
Shares to Buy on Monday : 25th September
CALL: BUY TVTODAY ABOVE 365 TARGETS 368.5, 372, 375.5 Stoploss 358
CALL: SELL SABTN BELOW 104 TARGETS 103, 102, 101 STOPLOSS 106
CALL: BUY SAKUMA ABOVE 169 TARGETS 170.6, 172.2, 173.8 STOPLOSS 165.8
This post first appeared on Free Stock Tips India| Share Market Trading Tips|, please read the originial post: here