Nifty Tips and Strategy For today 31 August :- Nifty had the positive note closing as it start with rangbound to negative note.Tomorrow on 31 August We could see a chance of pull back close to 5200 levels as we have a crucial short term support close to those levels. A break below that could lead as to 4950 zone where the long term support lies. The medium term view will change to negative when a if a break below 5200 happens or bank nifty breaking out of current support zone.If there is a pull back from 5200 levels there could be some buying happening in stocks which are holding the major moving averages like Biocon and Siemens.
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Stock Tips :- BUY Bajaj Steel Industries Ltd. Intraday Target 100 Stop Loss 90.
SELL State Bank of India Intraday Target 100 Stop Loss 1855.
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