Anil Singhvi's Market Strategy August 30: Market is positive; Buy CESC, Greaves Cotton
After trading flat for most part of the day, domestic markets ended in red on Wednesday. On the day, the S&P BSE Sensex saw a decline of 173.70 points (0.45%) to close at 38,722.93 and the Nifty 50 went down by 46.60 points (0.40%) and ended at 11,691.90. The fall was a result of the late-session selloff by the traders.
Traders are advised to reduce their buying positions on Nifty and BankNifty if the two indices close below the level of 11,575 and 28,200. Image source: Youtube