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Friday, January 6, 2017

Equity Tips
Benchmark indices erased some previous day's gains on profit booking and further correction in technology stocks.

The 30-share BSE Sensex was down 119.01 points at 26759.23 and the 50-share NSE Nifty fell 30 points to 8243.80.

About 1512 shares declined against 1202 advancing shares on the BSE.
HCL Technologies shed nearly 4 percent on US immigration fears. Even other technology stocks too were under pressure after the immigration reform re-introduced in the US House of Representatives by Congressmen.

IT Sector: H-1B visa Bill reintroduced in US Congress.
Wockhardt spurts on getting compliance certificate from Germany.
Natco Pharma gains on receiving USFDA approval for generic drug.

The crucial resistance for Nifty spot is now seen at 8295 and above this 8360 Support for the immediate term is now placed at 8230 and next support will be 8136.

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