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Thursday, November 3, 2016

Equity Tips

INDIAN BENCHMARKS: MARKET ENDS NER 4 MONTH LOW, NIFTY BELOW 8500

The market ended at near 4-month low. The Sensex is down 96.94 points or 0.3 percent at 27430.28, and the Nifty down 29.05 points or 0.3 percent at 8484.95.

About 1169 shares have advanced, 1785 shares declined, and 124 shares are unchanged.

HEADLINES OF THE DAY
Hero Motocorp October 2016 sales growth at 4% YoY.
Ajanta Pharma introduces BP lowering tablets in US.
Strides Shasun gains as Mylan agrees to settle claims.

The crucial resistance for Nifty spot is now seen at 8550 and above this 8615 Support for the immediate term is now placed at 8475 and next support will be 8400.

UPCOMING RESULTS: UBL, TITAN, UNIONBANK, TCI, RADICO, PHIZER, GATI, CENTRALBANK, ALBK, INDIAN HOTEL, ORIENTAL CARBON

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