Nifty Future Tips Tomorrow: 29th May

Markets continued their bull run to settle at fresh closing highs on Friday with the S&P BSE Sensex scaling past the 31,000-mark and the broader Nifty50index hitting 9600-mark for the first time ever as higher derivatives rollover led to strong follow-up buying in index heavyweights on the first day of June series. Market touched another milestone supported by continued buying interest on index heavy weights post expiry. 

Expectation on good monsoon & a slow pace in interest rate hike by FED continue to weigh the sentiment. Mid & small caps outperformed as recent correction scaled down the valuation gap with large caps, this gave an entry point for those who missed the opportunity.Settling at fresh closing high, the 30-share Sensex ended at 31,028, up 278 points. The index was up 1.8% for the week. On the other hand, Nifty50 also ended at new peak of 9,595, up 85 points with a weekly gain of 1.7%. 

Stock Future Tips For Tomorrow

Buy HINDPETRO Future at above 578 Targets 583, 588, 593 Stop loss 568
Buy KSCL Future at above 584 Targets 589, 594, 599 Stop loss 574
Buy VOLTAS Future at above 499 Targets 501, 503, 505 Stop loss 495

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Sensex Ended Above 31000, Nifty Settled With Almost 1% Gain

The market witnessed a historic day as benchmark indices clocked fresh record highs, with the Sensex clocking 31,000 for the first time ever, along with the Nifty at 9600. The Nifty Bank also hit a record high during the Friday’s trade. The Sensex ended 278.18 points higher at 31028.21, while the Nifty closed up 85.35 points at 9595.10. 

The market breadth was healthy as 1,810 shares advanced against a decline of 854 shares, while 182 shares were unchanged.Private sector banks fired on all cylinders along with mid-caps, metals as well as auto stocks, the indices of which on the Nifty gained the most. Meanwhile, pharma stocks continued to bleed and sulk on the back of poor outlook for the sector in the US as well as bad results at home.  

Top Gainers: Tata Steel, BHEL, ITC, Reliance, Adani Ports 

Top Losers: Sun Pharma Cipla Lupin TCS, Dr Reddys Labs.

Movers and Shakers of the day:

HEG closed higher by 20% at Rs 291.65 per share. 

 
HPCL closed higher by 11.4% at Rs 567.45 per share.

3M India closed higher by 7.7% at Rs 14029.90 per share.

Stock Future Tips For Tomorrow: 26th May

Benchmark indices ended the session on an extremely strong note, with the midcaps too bouncing back after days of correction. Sensex clocked a fresh record high, surpassing its earlier mark of 30712, while the Nifty gained nearly 2 percent. The Sensex closed up 448.39 points at 30750.03, while the Nifty ended 140.95 points higher at 9501.50. The market breadth was healthy as 1,875 shares advanced against a decline of 807 shares, while 152 shares were unchanged.

European shares opened higher, but quickly dipped into negative territory. The pan-European STOXX 600 index was last down 0.3 percent, led lower by resources companies .SXPP after a 4 percent drop in iron ore on China's Dalian Commodity Exchange  

Today's Top Gainers:Larsen, ICICI Bank, HDFC Bank, Infosys, GAIL. Today's Top Losers: Lupin, Dr Reddys Labs, Cipla, Sun Pharma, ITC.  

Stock Future Tips For Tomorrow

Buy ICICI BANK Future above 316.50 Targets 319.50, 322.50, 325.50 Stop loss 310.50

Buy TVS MOTOR Future above 537 Targets 540, 543, 546 Stop loss 531

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