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Friday, January 13, 2017

Equity Tips

INDIAN BENCHMARKS: Sensex, Nifty end in red; Axis Bank up 4%

The Indian stock markets closed little changed but gained for the third straight week led by a rally in bank stocks. The Sensex ended the little changed at 27,238 but advanced 1.9% for the week, While Nifty climb nearly 1.9% for the week, the 50-share index failed to hold on to the 8,450-mark. The Sensex ended the little changed at 27,238 but advanced 1.9% for the week, While Nifty climb nearly 1.9% for the week.

HEADLINES OF THE DAY

Hero MotoCorp: The company launched five new products, to locally assemble them in Argentina initially.

Spice Jet: Spice Jet announces deal with Boeing for 205 aircraft worth Rs 1.50 crore. Stocks rise 3%.

TCS: The IT major on Thursday reported a 3% QoQ rise in net profit to Rs 6,778 crore for the December quarter.

UPCOMING RESULT:  DCB BANK, TV18,RELIANCE.LIC HOUSING,DHFL

In next trading session nifty futures have resistance 8475. After crossing this level it can reach up to the level of 8525. In the downside nifty futures has support near 8375. After breaking this support it can slip till level of 8325.

Bank nifty futures have resistance 19025 after crossing this level it can reach up to the level of 19175. In the downside nifty futures has support near 18801 after breaking this support it can slip till level of 18725.

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