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Wednesday, June 8, 2016

Equity Tips

INDIAN BENCHMARKS: SENSEX RANGE BOUND, NIFTY HOLD ABOVE 8250

It was a sluggish trading day with the nifty failing to touch 8300. The 50-share index was up 6.60 points at 8273.05. The Sensex closed up 10.99 points at 27020.66. About 1548 shares have advanced, 1060 shares declined, and 170 shares are unchanged.

BHEL, L&T, ICICI Bank, Hero and ONGC were gainers while Infosys, HDFC Bank, Asian Paints, Dr Reddy's Labs and TCS were losers in the Sensex.

HEADLINES OF THE DAY
Strides Shasun receives EIR report from USFDA.
Siemens gains after winning new order.
Aurobindo gets USFDA nod for amiodarone hydrochloride.

The crucial resistance for Nifty spot is now seen at 8330 and above this 8460. Support for the immediate term is now placed at 8220 and next support will be 8116.

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