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Stock Future Tips For Tomorrow: 4th May

Benchmark indices ended the day on a negative note, with the Nifty holding on to its 9300-mark. The Sensex declined 26.38 points at 29894.80, while the Nifty felled 1.85 points at 9311.95. Markets closed with negative bias with 931 advances, 919 declines and 308 unchanged stocks on NSE, reflecting bearish undertone floating in the Market. The Rupee closed higher by 6 paise at 64.15 per Dolar. The broader markets outperformed benchmarks in morning but failed to hold gains in afternoon trade. The BSE Small Cap gained 10 points at 15430 and BSE Mid-Cap dropped 45 points to 14810.

After a four-day consolidation, the market might gain some strength in next couple of sessions to move towards 9,400 level on the Nifty. According to them, major correction is unlikely in near term as domestic inflows continued to support the market on hopes of faster recovery in earnings.

Top Gainers: TCS, Infosys, Coal India, HUL, Bajaj Auto. 

Top Losers: Lupin, HDFC, ICICI Bank, Tata Motors, Tata Steel.

Nifty Future Tips For Tomorrow
Buy PTC Future above 105 Targets 105.50, 106.00, 106.50 Stop loss 104.00

Sell HINDPETRO Future below 531 Targets 527.20, 523.40, 519.60 Stop loss 538.60

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This post first appeared on Stock Tips Guru | Free Indian Share Tips | Stock, please read the originial post: here

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Stock Future Tips For Tomorrow: 4th May


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