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Friday, December 16, 2016

Equity Tips

Benchmark indices ended the Friday's session lower with Sensex falling 29.51 points to 26489.56 and the Nifty down 14.15 points at 8139.45.

ITC, ICICI Bank, Bharti Airtel, Adani Ports, ONGC, Hero Motocorp and Tata Steel were down 1-3 percent while Infosys, Tata Motors, TCS and Cipla gained over a percent.

The market breadth weakened further in late trade as about 1492 shares declined against 1119 advancing shares on the BSE.

Sun Pharma completes acquisition of Ocular Technologies.
Maruti Suzuki to launch premium hatchback Ignis on Jan 13.
J&K Bank Q2 net loss at Rs602 cr.

The crucial resistance for Nifty spot is now seen at 8260 and above this 8310 Support for the immediate term is now placed at 8070 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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