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Wednesday, December 21, 2016

Equity Tips

INDIAN BENCHMARKS: SENSEX FALLS FOR THE 6TH CONSECUTIVE DAY, NIFTY 50 ENDS @ 8061.30

Benchmark indices fell for the sixth consecutive session with the Sensex losing 65.60 points to 26242.38. The Nifty managed to hold 8050 level, falling 21.10 points to 8061.30.

About 1400 shares declined against 1176 advancing shares on the BSE.

Maruti Suzuki, Lupin, NTPC, M&M, ONGC, UltraTech Cement, Hindalco and Bank of Baroda gained 1-1.5 percent while Sun Pharma, ITC, TCS, Axis Bank, L&T, Bharti Infratel, Idea Cellular and Ambuja Cements fell 1-3 percent.

HEADLINES OF THE DAY
Tata Motors JLR launches new Range Rover Evoque 2017.
Sun Pharma drops as investors sue Taro Pharma.
RBI proposes government to consider 100% tax deduction for NPA.

The crucial resistance for Nifty spot is now seen at 8135 and above this 8190 Support for the immediate term is now placed at 8050 and next support will be 7950.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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