Which share should I buy

Nifty FNO Tips, Nifty 50, Nifty FNO live updates, Nifty future Tips, Nifty update, Nifty future tips for tomorrow, Nifty FNO market updates

The markets lost moderately today with metal, consumer durables and power being the worst performers. Capital goods, oil & gas and auto, too, lost significantly while FMCG, healthcare and IT closed with moderate gains. The Sensex closed at 16846, down 72 points from its previous close, and the Nifty shut shop at 5110, down 19 points. The CNX Midcap index was down 0.7% while the BSE Smallcap index lost 0.8% in today's trade. The market breadth was negative with advances at 460 against declines of 972 on the NSE. The top Nifty gainers were HCL Tech, Ambuja Cements,DLF and ITC while the biggest losers included Jindal Steel, SAIL, Reliance Infra and Tata Steel.

For tomorrow 26 July, Nifty future will open with negative nods. Major resistance for nifty future is 5125-5140 and having good support at 5080-5065. Below 5080 we can see sharp dip in Index and selling pressure will increase below 5065.Due to expiry, high volatility will maintain during the whole session.

One more Red closing will confirm bearish pattern, Expiry day session will not consider in technical analysis as whole movement depend on FNO segment settlement. According to us advise to go short only below 5080 with stop loss of 20-25 point for target of 5065-5040-5020, Or can buy once only above 5130 with stop loss of 5110 for target of 5155-5180-5202.

Our outlook is negative for short term and suggested to go short on higher level with proper stop loss

Share in bullish mode: - SUNPHARMA, SRTRANSFINNC, GHCL, BROADCAST, TIL           

Share in bearish mode: -WABAB, EDELWEISS, RMCL, MAX, GMDCLTD, SKFINDIA, TODAYS and INGVSYABK