EquityTips

EquityTips
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Tuesday, December 6, 2016

Equity Tips

The NSE Nifty ended Tuesday's session on a positive note but failed to hold 8150 level due to late sell-off in private banking & financials. Investors remained cautious ahead of the outcome of monetary policy committee meeting tomorrow.

The 30-share BSE Sensex was up 43.66 points at 26392.76, and the 50-share NSE Nifty gained 14.40 points at 8143.15 after hitting an intraday high of Rs 8178.70 while the broader markets outperformed.

HEADLINES OF THE DAY
Grasim Industries: CCI orders probe over unfair pricing of VSF
Bharat Forge US class 8 truck order inflows grow strongly 19% YoY
Canara Bank to dilute 13.45% stake in CanFin Homes.

The crucial resistance for Nifty spot is now seen at 8197 and above this 8250 Support for the immediate term is now placed at 8050 and next support will be 7970.

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