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Thursday, March 16, 2017

Equity Tips

The market ended the day on a strong note as they closed at almost record high level on both the indices. The Nifty closed above 9100-mark for the first time ever, signaling the bullish trend on the Street.
The 30-share Sensex was up 183 points at 29581.55, while the Nifty was up 71.50 points at 9156.30. The market breadth was on the positive side, with 1,784 shares having advanced, 1,043 shares having declined, while 185 shares remained unchanged.

Adani Ports and Tata Steel were the top gainers on both the indices, while Hero MotoCorp and Bharti Airtel were the top losers.

HEADLINES OF THE DAY
GAIL plans to invest Rs1, 750 crore to build CGD network.
HCL Tech board to consider share buyback on March 20.
Coromandel International in preliminary talks to buy Nagarjuna Fertilizers.

The crucial resistance for Nifty spot is now seen at 9220 and above this 9270 Support for the immediate term is now placed at 9101 and next support will be 9003.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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