Today Stock Market Update | Stock Market Tips Today | Intraday Tips Today

Yesterday, the Bank Nifty opened with the downside gap of more than 200 points and started falling from the initial trades. The index and the individual stocks from the sector drifted lower till the announcement of the RBI’s policy action. However, on announcement of 50 bps cut in report rate, the index rallied higher sharply. The banking index then outperformed broader indices and ended the session with gains of 1.06 percent. Though the trend remains negative, a pullback towards 17550 – 17700 cannot be ruled out. Thus, we advise traders to stay cautious and avoid aggressive fresh longs at current levels. The immediate support for the index is placed around 17100 and 16850.
 
The S&P BSE Sensex was up over 200 points after gaining over 250 points in opening trade on Wednesday following positive trends seen in other Asian markets. The 50-share Nifty index was testing its crucial resistance level of 7,900. The rupee strengthened 21 paise to 65.75 against the US dollar in early trade on Wednesday.
  

Intraday Tips Today 30 September 2015

• SELL BOI FUT BELOW 137.15( AVERAGE ON RALLY AROUND 141.95) SL ABOVE 143 TGT 133.50, 130 (SHORT TERM - TECH).

•  SELL BHARTI FUT BELOW 334.15 ( AVERAGE ON RALLY AROUND 339.50) SL ABOVE 341.50 TGT 330.10, 326 (SHORT TERM - TECH). 

•  SELL BHEL FUT BELOW 200.35 ( AVERAGE ON RALLY AROUND 205.90) SL ABOVE 207 TGT 196.50, 193 (SHORT TERM - TECH). 

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