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Wednesday, January 4, 2017

Equity Tips,

INDIAN BENCHMARKS: NIFTY SENSEX ENDS FLAT

Benchmark indices remained directionless for the third consecutive session on Wednesday, especially after last week's rally.
The 30-share BSE Sensex was down 10.11 points at 26633.13 and the 50-share NSE Nifty fell 1.75 points to 8190.50 while the Small cap outperformed benchmarks on positive breadth.

The BSE Small cap index gained 0.5 percent as about 1624 shares advanced against 1163 declining shares on the exchange. Reliance Industries, ICICI Bank and Cipla were biggest losers, down 1-2 percent while Bharti Airtel rebounded sharply, up nearly 4 percent.

HEADLINES OF THE DAY
Glenmark gets USFDA clearance for Company's IND application
HCL Tech surges after completion of acquisition.
Indiabulls Housing reduces home loan rate.

The crucial resistance for Nifty spot is now seen at 8230 and above this 8275 Support for the immediate term is now placed at 8120 and next support will be 8050.

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