Stock Market Tips: Support for Nifty at 8240

Market review for July 11

For Nifty,  Technically 8315 is a crucial support to work with and the breach of 8315 can make it slide to around 8280-8240 zones and strong resistance exists at 8370-8400 zones.

niftyThe Nifty breached the 8315 mark and saw the low near our support of 8280 and has closed in the red. Technically 8370 is a stiff resistance to work with and assume profit booking until 8370 is not taken out. The support for the Nifty is at 8280-8240 and the resistance is at 8370-8400. For Bank Nifty the crucial support is at 17770 while the resistance is at 18150.

Stocks

  • Bullish: Ajanta Pharma, Indusind Bank, LIC Housing Finance

  • Bearish : Arvind, Godrej Industries

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