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Thursday, September 15, 2016

Equity Tips

INDIAN BENCHMARKS: SENSEX ENDS 40 POINTS HIGHER, NIFTY 50 UP 15.95 POINTS AT 8742.55

Equity benchmarks ended marginally higher for the second consecutive session after range bound trade. The Sensex was up 40.66 points at 28412.89 and the Nifty up 15.95 points at 8742.55.About 1460 shares advanced against 1258 declining shares on the BSE.Reliance Industries, HDFC, HDFC Bank and ITC supported the market whereas banks and auto stocks were under pressure.

HEADLINES OF THE DAY
Apollo Tyres treads multi-product road to success.
Ashok Leyland to merge loss making Hinduja Foundries with itself.
RComm-Aircel seal the deal for merger of wireless operations.

The crucial resistance for Nifty spot is now seen at 8750 and above this 8815. Support for the immediate term is now placed at 8680 and next support will be 8603.

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